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Biman seeks BB nod on $118m swap loan

Rezaul Karim | 2014-01-30 00:00:00

The Biman Bangladesh Airlines Limited sought the central bank's nod on a 'swap' arrangement for the US $ 118 million Pre-Delivery Payment (PDP) loan for two new Boeing aircraft, officials said. Biman managing director and chief executive officer (CEO) Kevin...

Many big cities yet to come under 3G network coverage

Jamal Uddin | 2014-01-30 00:00:00

The mobile phone operators' 3G or third-generation network coverage that aids the faster internet service could not be ensured in all big cities of the country till now, though it was promised. As a result, the customers having no access...

ICAB \\\'reprimands\\\' 20 CAs

Mohammad Ali | 2014-01-30 00:00:00

The Institute of Chartered Accountants of Bangladesh (ICAB) has reinforced disciplinary actions against its members-cum-Chartered Accountants (CAs) for any kind of professional misconduct, with an aim to ensure transparency in the profession, its officials said. As part of the measure,...

Paddy price dilemma: An alternative view

Md Jamal Hossain | 2014-01-30 00:00:00

The Financial Express on January 24 carried an editorial titled 'Rising cost of paddy production' which dealt with the problem of low prices of paddy. The editorial argued that rising cost of production, along with low selling price, is a...

Curbing domestic violence

Md. Maskurul Alam | 2014-01-30 00:00:00

A government survey was recently conducted on women which reveals that nearly nine out of ten husbands abuse severely their wives in Bangladesh. The survey was conducted on more than 12,600 girls across the country. It is matter of regret...

Will AAP live up to the expectation of Indian people?

Zaglul Ahmed Chowdhury | 2014-01-30 00:00:00

The new political party in India, which has created a sensation for its harsh anti-graft policies and simplicity in politics and government, appears to have landed into controversy. The Aam Aadmi Party (APP) recently formed government in Delhi, defeating established...

Stocks return to green

FE Online Report | 2014-01-29 00:00:00

Stocks returned to the green Wednesday after two sessions’ correction with turnover improved slightly as investors went for buying stocks once again amid optimism. The market opened with a positive note in the morning and the positive trend continued till...

Stocks see upward trend at opening

FE Online Report | 2014-01-29 00:00:00

The prices of most of the stocks on both bourses --- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE)-- witnessed upward trend in early hours of trading Wednesday after two session correction. After first 30 minutes of trading, the...

NBR nets in 70pc new taxpayers from businesses

Doulot Akter Mala | 2014-01-29 00:00:00

The National Board of Revenue (NBR) has found that about 70 per cent of its surveyed new taxpayers are from businesses that were operating without Taxpayers Identification Number (TIN). In an external survey across the country, the Board has found...

Well-intended but not entirely innocuous

Shamsul Huq Zahid | 2014-01-29 00:00:00

The Bangladesh Bank (BB) while unveiling its latest half-yearly monetary policy statement (MPS) has suggested the big corporate houses mobilise funds from the capital market instead of borrowing from the banks. Such a move would leave more banking sector resources...

BB advice for biggies to raise funds from capital mkt lauded

Siddique Islam | 2014-01-29 00:00:00

Top bankers in the country have termed the central bank's advices to big businesses to collect funds from the capital market a positive step saying that it will help enhance their financial strength.  "We're not worried about the latest call...

Inclusive business - a new approach to poverty reduction

Chowdhury Mohidul Haque | 2014-01-29 00:00:00

Like other Asian countries, the concept of inclusive or new business is being introduced as an additional strategy towards poverty reduction in Bangladesh. Formalised in a 2008 United Nations report titled Creating Value for All: Strategies for Doing Business with...

Developing human resource in rural areas

Abdul Bayes | 2014-01-29 00:00:00

In 1971, Bangladesh, in terms of viability, was considered an 'economic cripple'. It was attributed to its overpopulation, poor natural resource base, vulnerability to natural disasters and an undiversified agriculture producing mainly two commodities (rice and jute). The population density...

Restriction on gold import: An abiding puzzle

Syed Ashraf Ali | 2014-01-29 00:00:00

For centuries the enigmatic yellowish metal we call gold set the world alight with its magnetic charms and intractable lures. Through the ages, the craving for gold triggered wars and gold rush, shaped the world of fashion, inspired poets to...

Five envoys meet 3 govt sceys to get updates on RMG safety, rights

Syful Islam | 2014-01-29 00:00:00

Ambassadors of the United States, the United Kingdom, European Union, Canada, and the Netherlands in Dhaka will sit with three government secretaries on February 13 to get updates on progresses made in the country's ready-made garment (RMG) sector related to...

NBR making list of country\\\'s corporate houses to check VAT evasion

Shah Alam Nur | 2014-01-29 00:00:00

The National Board of Revenue (NBR) is preparing a list of country's corporate houses including bank, insurance, cement and pharmaceutical companies to check VAT evasion, officials said. They said a good number of private companies of the country have been...

Stocks open positive amid volatility

FE Online Report | 2014-01-28 00:00:00

The prices of most of the stocks on both bourses --- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE)-- witnessed upward trend in early hours of trading Tuesday amid see-saw. After first 30 minutes of trading, the prime index...

Audit dept raises objection to paying from state banks\\\' fund

Doulot Akter Mala | 2014-01-28 00:00:00

An official audit objection has been raised regarding payment of income taxes of employees at state-owned commercial and specialised banks and entities from their offices' funds, officials said. Under the existing rules, officials and employees of banks are required to...

North Korea warns US, South Korea military drills could spark disaster

Michelle Nichols of Reuters from the United Nations | 2014-01-28 00:00:00

North Korea took its demand for the United States and South Korea to halt joint military drills to the United Nations, holding a rare news conference on Friday to warn that the exercises could get "out of control and plunge...

Challenges in global value chain

Mohammad Abu Yusuf and Mahmudul Hasan | 2014-01-28 00:00:00

A value chain is the full range of activities that firms and workers do to bring a product or service from its conception to its end use and beyond. The activities that are included in a value chain are design,...

Building a harmonious society

Shidratul Moontaha Suha and Badhan Biswas | 2014-01-28 00:00:00

The emergence of Bangladesh in 1971 was obviously the victory of the secular forces and the minority communities took it as an end to the injustice and discrimination they faced until the last days of Pakistan. Unfortunately, they could not...

Political standoff and development programmes

Mohammed Norul Alam Raju | 2014-01-28 00:00:00

Habibur Rahman, a 45-year-old rickshaw puller, lost his only source of income during a countrywide blockade in December last. His rickshaw was set afire by vandals in Chittagong. But Habibur, along with two other people, were nabbed for the arson....

Tension grips Thailand over next Sunday\\\'s polls

Zaglul Ahmed Chowdhury | 2014-01-28 00:00:00

The February 02 national election in Thailand looks uncertain after the country's constitutional court ruled that the polls could be delayed because of lingering political crisis. However, the government of embattled Prime Minister Yingluck Shinawatra has so far shown no...

PKSF, TIB in row over existence of 10 NGOs taking money from climate fund

Ismail Hossain | 2014-01-28 00:00:00

Palli Karma-Sahayak Foundation (PKSF) and Transparency International, Bangladesh (TIB) are at loggerheads over the existence of ten non-governmental organisations (NGOs) which received money from climate fund. These NGOs received Tk 20.95 million in total from Bangladesh Climate Change Trust Fund...

Airlines reduce fares, migrant workers most benefitted

Badrul Ahsan | 2014-01-28 00:00:00

Bangladeshi passengers, largely overseas workers, are being benefited as most of the Dhaka-based airlines have reduced airfares by about 20 to 25 per cent due mainly to sluggish market. The airfares for the Gulf states and some Asian countries were...

Stocks edge lower

FE Online Report | 2014-01-27 00:00:00

Stocks edged lower Monday after fourth consecutive sessions of winning streak with declining turnover as investors’ booked some profit amid cautious trading. The prime index of the Dhaka Stock Exchange (DSE) - DSEX went down by 6.75 points or 0.14...

Stocks down at opening

FE Online Report | 2014-01-27 00:00:00

The prices of most of the stocks on both bourses --- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE)-- witnessed downward trend in early hours of trading Monday amid modest see-saw. After first 30 minutes of trading, the prime...

Ban on Hilsa export set to go soon on Indian plea

Syful Islam and Yasir Wardad | 2014-01-27 00:00:00

Days after Indian appeal to lift ban on Hilsa fish export, the ministry of commerce (MoC) moved to make way for the same immediately, sources said. "We are examining the related statistics and info," MoC secretary Mahbub Ahmed told the...

BD-led jt venture firm picked up for 3rd Shitalakhya bridge

Munima Sultana | 2014-01-27 00:00:00

The government has finally appointed a Bangladesh-led joint venture firm as supervision consultant for the 3rd Shitalakhya bridge project,  under which a 1.2 kilometre (km) bridge will be constructed for establishing links with three national highways of the country. The...

Health secy yet to submit papers on drug prices

Mohammad Ali | 2014-01-27 00:00:00

The health secretary is yet to submit the drug price control-related papers before the High Court (HC), despite the seven-day deadline to do so expired a week ago, court sources said. On January 12 last, the HC directed the health...