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MoS for time-bound plan for 3rd seaport at Payra in Patuakhali

Syful Islam | 2014-02-05 00:00:00

Nearly two and half months after the inauguration, the Ministry of Shipping (MoS) has asked the Chittagong Port Authority (CPA) to prepare a time-bound plan to make the country's third seaport operational, sources said. Prime Minister Sheikh Hasina on November...

One House One Farm project to reach 1.2m households by June

Rezaul Karim | 2014-02-05 00:00:00

The number of households under the 'Ekti Bari Ekti Khamar' (One House One Farm) project is expected to cross 1.2 million across the country by this June, where investment would reach around Tk 15 billion, officials said. Presently, the number...

RMG buyers return with bigger import orders

Badrul Ahsan | 2014-02-05 00:00:00

Manufacturers of readymade garments (RMG) have expressed their optimism to achieve their export growth target in the coming months, thanks to improved working conditions and stable political situation, industry insiders said.   They said many international buyers are now coming back...

Washington climate conference: Call to Obama to lead from the front

Quamrul Islam Chowdhury, back from Washington | 2014-02-05 00:00:00

The three-day Climate Solutions Conference held in Washington DC from January 28-30 called for urgent global actions to help resolve climate crisis. The conference, joined by over 2,000 scientists, academics, climate practitioners and policymakers, was opened by former US energy...

Good politics may lead to a better economy

Mizanur Rahman Shelley | 2014-02-05 00:00:00

Two vital questions confront Bangladesh in the aftermath of the January 05 national elections. Will there be another election within a short period? The other question is: what will be the impact on our economic stability and development if such...

Stocks close red after four sessions

FE Online Report | 2014-02-04 00:00:00

Stocks closed into the red after four sessions' gaining streak Tuesday with turnover dropped slightly as investors booked marginal profit from their previous purchase. The prime index of the Dhaka Stock Exchange (DSE) --- DSEX---- went down by 16.96 points...

Stocks open with positive trend

FE Online Report | 2014-02-04 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 Tuesday. DSEX, the prime index of the DSE went up by 30.58 points or...

Wholesale medicine business shrinking

Shamsul Huda | 2014-02-04 00:00:00

Medicine manufacturers' direct market penetration has reduced the size of wholesale medicine business by 75 per cent over the last decade, circles concerned have claimed. "Many wholesale medicine shops have shut down their business for want of customers -- retail...

Vat revenue well below target in HI of FY \\\'14

Doulot Akter Mala | 2014-02-04 00:00:00

Value Added Tax (VAT) collection from large companies posted a sluggish growth in the first half of the current fiscal year, primarily because of volatile political situation. The Large Taxpayers Unit (LTU) under VAT wing of the National Board of...

BSEC raises vigilance to foil manipulation

Mohammad Mufazzal | 2014-02-04 00:00:00

The Bangladesh Securities and Exchange Commission (BSEC) has intensified its vigilance over the capital market activities in a bid to curb the possibility of manipulation by any quarter, officials said. The securities regulator has taken the move, so that the...

Shariah-based financial services allure banks

Mohammad Ali | 2014-02-04 00:00:00

Robust demand for Shariah-based financial services is prompting a section of the conventional banks to convert their business model into wholly Shariah-based ones in Bangladesh, according to the sector insiders. Some of the interested conventional banks have already applied to...

Foreign net investment jumps 328pc in January on DSE

Babul Barman | 2014-02-04 00:00:00

Foreign net investments in the Dhaka bourse increased 328 cent in January 2014, compared to a month ago, as foreign fund mangers now consider the market lucrative for long-term investment due to low prices of fundamentally strong stocks. Foreign investors...

New regime for capital adequacy, liquidity and stability

Md. Kishlur Rahman | 2014-02-04 00:00:00

After finding numerous weaknesses in the global regulatory framework and in banks' risk management practices, the regulatory authorities have focused on streamlining the global capital and liquidity rules (Basel III) with a view to improving and strengthening the banking sector's...

Recouping turmoil losses

Md. Maskurul Alam | 2014-02-04 00:00:00

According to an estimate, Bangladesh has suffered more than Tk 490 billion loss owing to the political turmoil in the last few months. The turmoil not only hit our economy hard but also snuffed out the golden dream of businessmen...

The meteoric rise of foreign exchange reserve

Syed Ashraf Ali | 2014-02-04 00:00:00

To everyone's surprise, both exports and imports of Bangladesh in December rose significantly in the backdrop of political stand-off punctuated with roadblocks, murders, arsons and work stoppages that put the economy on a limbo for most of 2013. A month...

400 new factories cry out for gas

Shah Alam Nur | 2014-02-04 00:00:00

Country's 400 industrial units with an investment worth Tk 200 billion could not go for production due to a lack of gas connections for the last four years. Investors said the potential industrial units, which are bulk gas users, already...

DSEX crosses 4,800-point mark

FE Online Report | 2014-02-03 00:00:00

Stocks extended the gaining streak for fourth running sessions Monday with turnover crossing Tk 8.0 billion-mark once again, powered by investors buying spree. The market opened with a positive note and the upward trend continued till the market closure, eventually...

ADB happy over capital market development, to release $150m

Syful Islam | 2014-02-03 00:00:00

The Asian Development Bank (ADB) has expressed its satisfaction over the progress made so far in capital market development and agreed to release US$150 million fund further for the same, sources said. The fund is the second tranche of the...

EPZ plants allowed to get bank loans from abroad

Jasim Uddin Haroon and Rezaul Karim | 2014-02-03 00:00:00

The government has finally approved off-shore banking facilities allowing industrial units operating in the eight export processing zones to receive external credits. The Prime Minister's Office (PMO) has already instructed the authorities concerned to allow such type of loan facilities...

Bangladesh retain Test status but face embarrassment

M. Serajul Islam | 2014-02-03 00:00:00

For Bangladesh's Test cricket, January 30 was a day of unbelievable contrasts. It was the day when the arrogant move of India, Australia and England (IAE) to rob the country of its Test-playing status failed in the ICC  (International Cricket...

Political stability key to improving investment climate

Md. Joynal Abdin | 2014-02-03 00:00:00

Bangladesh is a country with enormous potential to grow faster than any other least developed countries (LDCs) of the world. Its strategic geographic location has made it an attractive destination for the ancient merchants as well as the modern multinationals....

Revisiting the days at alma mater

Neil Ray | 2014-02-03 00:00:00

A yearly alumni reunion is an occasion for renewal of camaraderie for all learners -fresh or former - with an alma mater serving as their common fountainhead. Even teachers at the institution or department concerned are likely to be products...

Why is this inhuman attitude?

Shamsul Huq Zahid | 2014-02-03 00:00:00

The government reportedly has decided not to extend any help to the illegal Bangladesh workers, who have been rounded up by the Malaysian authorities recently with illegal migrant workers from other countries recently. The Bangladesh mission in Kuala Lumpur would...

Monetary Policy Statement H2FY14: An evaluation

Abul Basher | 2014-02-03 00:00:00

The last two sentences of the monetary policy statement (MPS H2FY14) announced on January 27 for the second half of the fiscal year 2013-14 are probably the most important points to note. The sentences are: "The outcomes of the monetary...

India to grow 5.4 per cent in fiscal year 2014/2015

Sumanta Dey of Reuters from Bangalore | 2014-02-03 00:00:00

Emerging Asian economies will contribute less to global growth in 2014 than earlier expected even as their major trading partners in the West show signs of recovery, a Reuters poll showed last week. From China to India, Indonesia, Taiwan and...

Emerging markets selloff picks up, drags down Europe, US

David Gaffen and Francesco Canepa of Reuters from New York/London | 2014-02-03 00:00:00

A full-scale flight from emerging market assets accelerated recently, setting global shares on course for their worst week this year and driving investors to safe-haven assets including US Treasuries, the yen and gold. US stocks slumped, putting the benchmark S&P...

Corporate cash may not all flow back with recovery

Mike Dolan of Reuters from London | 2014-02-03 00:00:00

When the corporate cash dam bursts, everything will be ok, right? Well, maybe. Investors betting that the past year of more than 20 per cent gains in western stock markets can be echoed, or at least sustained, through 2014 have...

Stocks close higher amid lower turnover

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

Stocks ended higher for the third consecutive sessions amid modest volatility Sunday with declining turnover as investors remained on buying spree.The market opened with a positive note and the key index of the Dhaka Stock Exchange (DSE) rose 46 points...

Positive trend at both bourses

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

Share price at the country’s both bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed positive trend in early hours of trading on Sunday, the first trading day of the week. The DSE benchmark index, DSEX...

No headway amid emergence of some positive omens

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

The much-awaited peace talks on the complex Syrian tangle ended in Geneva without making any headway. But what has emerged as a positive development from the discussions is the need for continuing the parleys. Both the government and rebel sides...