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Rogue owners summoned by MoC next Monday

Syful Islam | 2014-02-14 00:00:00

The government will initiate harsh actions against the readymade garment (RMG) factory owners who are allegedly harassing and terminating labour leaders for trying to form trade unions, sources said. In this regard, the Ministry of Commerce (MoC) has summoned a...

Excess liquidity in banks drops by 6 per cent

Siddique Islam | 2014-02-14 00:00:00

The overall excess liquidity with the commercial banks decreased slightly in January in view of political stability restored in the country after a prolonged turmoil. "Excess liquidity does not necessarily mean idle money for the banks," a senior official of...

Army’s role in road projects appreciated

Munima Sultana | 2014-02-14 00:00:00

The Ministry of Communications has expressed satisfaction at the progress of road projects being executed under the supervision of Bangladesh Army throughout the country. The Road Division under the ministry expressed the satisfaction at a meeting on Wednesday and assured...

A praiseworthy work

Zaglul Ahmed Chowdhury reviewing the book | 2014-02-14 00:00:00

The number of new books - covering a wide range of interests - is simply galore. Undoubtedly, this is a good sign in the sense that more and more books are coming out in our literary arena. This is the...

Revamping railway under a master plan

Nilratan Halder | 2014-02-14 00:00:00

A 20-year master plan undertaken for development of the country's railway seems to have the potential to turn it into a truly public transport. Strangely Bangladesh relies heavily on road for transportation of passengers and goods across the country. This...

Own coal or imported coal?

Khondkar Abdus Saleque | 2014-02-14 00:00:00

Bangladesh's energy sector, faced with the primary fuel constraint, appears to be in a dilemma over choosing between own coal and imported coal for its medium-term energy security. The country has five discovered coalmines in greater Dinajpur and Rangpur regions. ...

Stocks close another flat session

FE Online Report | 2014-02-13 00:00:00

Stocks ended another flat session Thursday with turnover decline slightly as most of the investors followed ‘wait-and-see’ strategy. The market opened with a positive note, but could not sustain, eventually ended flat into red. The prime index of the Dhaka...

DSE, CSE open positive

FE Online Report | 2014-02-13 00:00:00

Share prices in both bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed upward trend in early hours of trading on Thursday, the closing day in the week. DSEX – the prime index of the DSE...

Liquid milk prices go up

Talha Bin Habib and Badrul Ahsan | 2014-02-13 00:00:00

Local milk producing companies have increased prices of processed liquid milk on the plea of higher production cost at farm level, industry insiders said. The companies said cost of milk production at firm level increased significantly due to higher prices...

NBR to collect 10pc tax-at- source on mobile banking

Doulot Akter Mala | 2014-02-13 00:00:00

The National Board of Revenue (NBR) has urged businesses involved with mobile banking services to pay 10 per cent tax-at-source from the money earned as commissions, fees etc.   The request came as part of a guideline, issued Wednesday, on the...

RHD inks deal with consultant

Munima Sultana | 2014-02-13 00:00:00

A consortium comprising two South Korean firms and one from India and another from Bangladesh has been selected as a consultant for the Joydebpur-Chandra-Tangail-Elenga Four-Lane Project to make the 70-km road fit for the proposed SAARC and Asian highways. Under...

Taiwan voters have final say on China ties: Experts

Carol Huang of AFP in Beijing | 2014-02-13 00:00:00

The first government-to-government meeting between Beijing and Taipei since the brutal civil war ended in 1949 highlights China's dream of reunification -- but analysts say Taiwanese voters will ultimately set the agenda, rather than the mighty Communist Party. Tuesday's historic...

Airshow -- unassuming aircraft a drawcard at Asia\\\'s arms bazaar

Raju Gopalakrishnan of Reuters in Singapore | 2014-02-13 00:00:00

The star attraction at Asia's biggest arms and aerospace bazaar is an outwardly unassuming aircraft parked in a distant corner of the tarmac, past the sleek jet fighters and menacing attack helicopters. An operational P-8A Poseidon surveillance aircraft is on...

Rural land market

Abdul Bayes | 2014-02-13 00:00:00

Rural land market has assumed an important area of investigation. The general assumption is that the poor segment of society continues to sell land to the rich in the wake of financial crisis especially to meet food requirements or pay...

Cutting interest rate to reduce interest spread: Is it reasonable?

Md Jamal Hossain | 2014-02-13 00:00:00

The Dhaka Chamber of Commerce & Industry (DCCI) in a statement issued on January 28, 2014 said: "Bangladesh Bank should take effective steps in achieving target of private sector credit growth through reducing the spread of interest rate of the...

Potato prices slump: The way out

Syed Jamaluddin | 2014-02-13 00:00:00

Potatoes are selling for about Tk 2.0 per kg (kilogram) at the level of the growers. In the capital, the same potatoes are being sold at Tk 10/15 per kg. Producers are upset as they are not in a position...

No headway in govt initiative

Shamsul Huda | 2014-02-13 00:00:00

There is no headway in the government's initiative to devise an automobile policy. Even the concerned officials say, 'we have no idea.' An official in the ministry of industries said last year a final automobile policy draft was agreed upon...

Stocks see upward trend at opening

FE Online Report | 2014-02-12 00:00:00

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

A fait accompli for power subscribers?

Shamsul Huq Zahid | 2014-02-12 00:00:00

Yet another hike in tariff awaits the poor power subscribers. The power division has already advised the power distribution companies to submit their respective proposals on the revised power tariff to the power and energy sector regulator -- the Bangladesh...

SoCBs to put idle funds in government bonds

Syful Islam | 2014-02-12 00:00:00

Concerned over the excess liquidity of state-owned commercial banks (SoCBs) the government is going to ask them to invest the idle money in treasury bonds, sources have said. "The SoCBs have a good volume of excess liquidity. If the money...

UGC for bringing all varsities under high speed internet connectivity

Khairul Islam | 2014-02-12 00:00:00

The University Grants Commission (UGC) has decided to include all the public and private universities in the high speed internet connectivity programme to support the country's tertiary level schooling, sources said. According to them, the universities' regulator already drew out...

Appellate Division stays HC order

Mohammad Ali | 2014-02-12 00:00:00

The Appellate Division of the Supreme Court has stayed a High Court (HC) order that earlier restricted the Mercantile Bank's sponsor-shareholders, having less than 2.0 per cent shares, to participate in the bank's affairs and perform as directors. The five-member...

Egypt on the verge of electing an army-backed president

Zaglul Ahmed Chowdhury | 2014-02-12 00:00:00

Egyptian strongman Field Marshal Abdel Fattah al-Sisi is likely to become the next president of the country even though he has not officially announced his candidature for the top position. Meanwhile, veteran left politician Hamdeen Sabahi, the founder of Popular...

Basel III: Challenges for the banking sector

Jafrin Sultana | 2014-02-12 00:00:00

Bangladesh has started preparations to implement the Basel-III framework for bank companies from 2014 in line with the global standard. The banking regulation on capital requirements known as Basel III will have a big effect on the world's financial systems...

Turnover tumbles further

FE Online Report | 2014-02-11 00:00:00

Stocks closed lower for the third running session on Tuesday with turnover dipped below Tk 5.0 billion-mark after five weeks as investors followed ‘wait-and-see’ strategy amid captious trading. The market opened with a negative trend and the downtrend continued till...

Stocks see down-trend at opening

FE Online Report | 2014-02-11 00:00:00

The prices of most of the stocks on the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) witnessed downward trend in early hours of trading Tuesday amid minor see-saw. DSEX, the prime index of the DSE went down by...

Export orders at 13th DITF decline by 50pc

Badrul Ahsan | 2014-02-11 00:00:00

Export orders at the 13th Dhaka International Trade Fair (DITF) 2014 declined by nearly 50 per cent mainly due to fewer presence of foreign buyers after a prolonged political turmoil, fair organisers said. Participants at the DITF received only Tk...

Medium-term economic outlook favourable : BB

Siddique Islam | 2014-02-11 00:00:00

Bangladesh's medium-term economic outlook is favourable in the wake of its growing working age population and a sustain demand of products in the global market, the central bank said. "The outlook for the Bangladesh economy is favourable over the medium...

Row between NBR, cell phone operators remains unresolved

Doulot Akter Mala | 2014-02-11 00:00:00

The row between taxmen and cell phone operators over payment of SIM replacement tax still remains unresolved as both the parties are yet to reach a consensus on the issue even after three months of negotiation, sources said. Taxmen wrapped...

GP recommends 50pc final cash dividend

Jamal Uddin | 2014-02-11 00:00:00

Grameenphone (GP) board of directors recommended 50 per cent final cash dividend for its shareholders for the year 2013. The recommended 50 per cent cash dividend excludes 90 per cent interim cash dividend that has already been paid for the...