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Does generosity pay, always?

Shamsul Huq Zahid | 2014-02-19 00:00:00

A little bit of generosity on the part of the central bank in the matters of loan rescheduling has, apparently, helped a section of banks and their errant borrowers reap benefits. It also has the potential to benefit the government...

TIN holders cross 1.06m

Doulot Akter Mala | 2014-02-19 00:00:00

The number of actual Taxpayers Identification Number (TIN) holders crossed 1.06 million until Monday following positive response of taxpayers to the online TIN system.      The e-TIN registration system will continue until March 31 next that the government introduced in the...

Why did economists fail to predict global crisis?

Md. Rabiul Hoque | 2014-02-19 00:00:00

In 2008 and 2009, global economic crisis unfolded. After the crisis, a question was raised as to whether the kind of economics taught to students in economics departments was responsible for the widespread failure to predict the timing and magnitude...

Thai crisis: A breathing space for government but deadlock remains

Zaglul Ahmed Chowdhury | 2014-02-19 00:00:00

The loss in the legal battle for the opposition, seeking to nullify the February 02 controversial national elections in Thailand, has come as a relief for the government, but the crisis remains unresolved. The kingdom's constitutional court declined to consider...

No major headway yet in meeting realtors\\\' pleas

Rezaul Karim | 2014-02-19 00:00:00

There is no major headway in meeting the realtors' recommendations made to the government to help them out after the political turmoil late last year. The Real Estate & Housing Association of Bangladesh (REHAB) earlier recommended creation of a long-term...

Country\\\'s RMG industry set to be equipped with modern machinery

Badrul Ahsan | 2014-02-19 00:00:00

Country's US$ 23 billion worth apparel industry is set to be equipped with modern machinery and tools which garment makers believe will make their products cost-effective and enhance their ability to compete in the global market. A number of garment...

Stocks extend losing streak for 4th session

FE Online Report | 2014-02-18 00:00:00

The market extended losing streak for the fourth running session Tuesday as investors continued to sell stocks amid cautious trading. The market opened with a positive note, and the main index of the premier bourse gained 29 points within first...

Stocks see upward trend at opening

FE Online Report | 2014-02-18 00:00:00

The prices of most of the stocks on Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE)  witnessed upward trend in early hours of trading Tuesday, the third trading session of the week. DSEX, the prime index of the DSE...

Move under way to set up cantonment on 200 acres

Munima Sultana | 2014-02-18 00:00:00

A move is underway to set up a cantonment on around 200 acres of land on both sides of the Padma bridge project for ensuring fool-proof security of the country's key installation. The Bangladesh Army was going to place a...

Contractors face Rajuk axe for poor performance

Shamsul Huda | 2014-02-18 00:00:00

The Rajuk might cancel anytime all the remaining contracts on construction of 6,000 flats under the Uttara Apartment Project because of the contractors' poor performance, an official said. A source at the project director's office at Rajuk said: "Everything is...

BB monitoring of investment by banks in share market intensified

Siddique Islam | 2014-02-18 00:00:00

The central bank has intensified its monitoring and supervision of investment in share market by the commercial banks aiming at avoiding any unwanted situation in future, officials said. "We've taken the issue as a top priority matter to minimise risks...

RMG buyers cancelling orders without assigning any reason

Shah Alam Nur | 2014-02-18 00:00:00

A good number of international ready-made garment (RMG) buyers have been cancelling their import orders at the eleventh hour without assigning any reason hitting hard the local RMG suppliers. For cancellation of the import orders country's RMG exporters counting losses...

BD to seek duty-free access of 21 products to Sri Lanka

Syful Islam | 2014-02-18 00:00:00

Bangladesh will seek duty-free market access of 21 products including apparels, cement and leather goods to Sri Lanka under preferential trade agreement (PTA) as the joint working group of two countries is meeting in the capital today (Tuesday), sources said....

Online BIN from next year : Old, new businesses to come under it

Doulot Akter Mala | 2014-02-18 00:00:00

The government is likely to introduce online Business Identification Number (BIN) for the businesses from January 2015 in a bid to bring them under automated taxation system. With the introduction of the system, both the existing businesses and the new...

Tanners seek $1.0b JICA loan for relocation to Savar

Ismail Hossain | 2014-02-18 00:00:00

Tannery owners are trying to get $1.0 billion loan from Japan International Cooperation Agency (JICA) for meeting the cost of relocation from the city's Hazaribagh to Savar. Recently, they wrote a letter to the JICA for providing the financial assistance...

Govt examining telecom ministry proposal

Jamal Uddin | 2014-02-18 00:00:00

The government is examining the proposal of the telecom ministry to halve the Voice over Internet Protocol (VoIP) call rate from the existing US$0.3 cents considering the negative impact on revenue earning from the sector. Sources said two issues are...

Commodity exchange a new priority to BSEC

Mohammad Mufazzal | 2014-02-18 00:00:00

The securities regulator is giving first priority to the introduction of commodity exchange and clearing corporation by relevant formulating rules and conducting required feasibility study, officials said. The necessity of introducing the commodity exchange and clearing corporation has become stronger...

Tapping the latent strength of agriculture

B K Mukhopadhyay from Kolkata | 2014-02-18 00:00:00

As European Commissioner for Agriculture and Rural Development Dacian Ciolos said, greater emphasis has to be given to two factors for modernising agriculture. These are innovation and youth. Young farmers naturally bring innovative and progressive ideas in line with the...

Problems faced by the shrimp industry

Sarwar Md. Saifullah Khaled | 2014-02-18 00:00:00

Research studies indicate that the shrimp industry is one of the most important contributors to economic development of the country. Foreign exchange earnings from frozen shrimp exports in 2009-2010 were US$ 400 million. The main cultured species is the tiger...

Impact of Aid for Trade

Hasnat Abdul Hye | 2014-02-18 00:00:00

Aid for Trade (AFT) has been at work for quite some time in Bangladesh. It is an initiative of the World Trade Organistion (WTO) aimed at enhancing developing countries' capacity to promote trade. The assumption behind this is that there...

The middle class\\\'s missing $1.6 trillion

Charles R. Morris writes for Reuters | 2014-02-18 00:00:00

The United States was the world's first middle-class nation, which was a big factor in its rapid growth.  Mid-19th-century British travellers marvelled at American workers' "ductility of mind and the readiness…for a new thing" and admired how hard and willingly...

Good governance in banking sector: A myth?

Alamgir Kabir | 2014-02-18 00:00:00

Scarcely our banking sector had time to recover its equilibrium unsettled by the Hallmark scam when it was further undermined by the shuddering revelations of irregularities by the BASIC Bank. The bank's disbursement of loan worth of Tk 30 billion...

DSEX dips below 4,700 point-mark

FE Online Report | 2014-02-17 00:00:00

The market ended lower for the third running session Monday with key index of the premier bourse dipped below 4,700 point-mark as investors went for selling spree amid cautious stance. The market opened with a positive note, but could not...

DSEX dips below 4,700 point-mark

FE Online Report | 2014-02-17 00:00:00

The market ended lower for the third running session Monday with key index of the premier bourse dipped below 4,700 point-mark as investors went for selling spree amid cautious stance. The market opened with a positive note, but could not...

Stocks open positive amid volatility

FE Online Report | 2014-02-17 00:00:00

The prices of most of the stocks on Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE)  witnessed upward trend in early hours of trading Monday amid volatile trading. DSEX, the prime index of the DSE went up by 18.37...

Public universities to face fund crisis in Q4 of fiscal 2014

Khairul Islam | 2014-02-17 00:00:00

The country's public universities are likely to plunge in severe financial crisis during the final quarter of the current financial year as the government has declined to make available any additional fund as requested by the University Grants Commission (UGC),...

BB seeks MoF nod to give banks waiver on forming subsidiary cos

Syful Islam | 2014-02-17 00:00:00

The Bangladesh Bank (BB) has sought permission from the ministry of finance (MoF) to give the local banks a waiver on setting up separate subsidiary companies for carrying out securities custodial business, sources said. Earlier, the BB gave such a...

Backlash from climate is inevitable

Neil Ray | 2014-02-17 00:00:00

A great civilisation flourished on the Indus-Saraswati basin 3,500 years before the birth of Christ. The Indus civilisation at Mohenjodaro and Harappa reached great height in terms of architecture, defence, water supply and sewerage systems. According to one theory, climate...

Of \\\'gas anarchy\\\' and state of governance

Shamsul Huq Zahid | 2014-02-17 00:00:00

Illegal connections and pilferage are endemic in the public sector utility services such as gas, electricity and water. In most cases, an unscrupulous section of officials and employees is always found to be involved in all the mischievous acts of...

Consumer credits, lower growth and higher inflation

Md. Jamal Hossain | 2014-02-17 00:00:00

Dr. Abul Basher in an article published in the FE, February 03, rightly expressed his concern that the Bangladesh Bank's effort to keep the inflation rate at the target level will prove very much challenging. He suggested that to bring...