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BPC seeks Tk 17.58b from govt urgently

Rezaul Karim | 2014-01-21 00:00:00

The state-run Bangladesh Petroleum Corporation (BPC) has sought an immediate allocation of Tk 17.58 billion as subsidy from the government to keep its fuel import and supply uninterrupted, officials said. The BPC chairman Thursday sent a letter, seeking the fund...

Foreigners start investing in bond market

Siddique Islam | 2014-01-21 00:00:00

Foreigners have started investing in the country's treasury bond market after withdrawal of the one-year lock-in period for them on the government approved securities, officials said. Foreigners, particularly institutions, have invested around Tk 9.0 billion in Bangladesh Government Treasury Bonds...

Over 1.0m driving vehicles without licence

Badrul Ahsan | 2014-01-21 00:00:00

More than one million people are driving vehicles on the country's roads without valid licences creating serious threat to the lives, property and causing a large amount of revenue loss to the government, data showed. Also worrying is that the...

91pc govt fund spent for infrastructural purpose, study reveals

Khairul Islam | 2014-01-21 00:00:00

Some 91 per cent of the government fund allotted for development projects under the education sector has been spent for infrastructural purpose while the research-related grant is very small in amount, a recent study revealed. The study jointly conducted by...

Challenges facing the banking sector

Khaled Mahmud Raihan | 2014-01-21 00:00:00

Banking sector in Bangladesh has come across a turbulent year facing many odds and pitfalls in the macroeconomic fundamentals. The major challenges faced by the banking industry were low credit growth, increasing trend of non-performing loans resulting to higher provisioning...

Protecting Rohingyas in Myanmar

Zaglul Ahmed Chowdhury | 2014-01-21 00:00:00

Fresh violence against Rohingyas shows that there has been no let-up in the plight of the minority Muslim community in Myanmar. In our south and south-east Asian region, incidents of violence against the religious minorities appear to have become a...

Climate fiscal framework on cards to coordinate use of funds

Syful Islam | 2014-01-21 00:00:00

The government is formulating a climate fiscal framework to coordinate spending in the climate change-related activities, official sources said. The move is taken to ensure appropriate and effective use of funds in offsetting the impacts of climate change on Bangladesh,...

300 microlenders selected for licences lack pre-conditions

Ismail Hossain | 2014-01-21 00:00:00

Around 300 non-governmental organisations (NGOs) who were primarily found eligible for getting licences by the microcredit regulator have failed to comply with pre-requisites including a deposit of Tk 1.0 million each on their respective bank accounts. Some 405 out of...

Brewer AB InBev grows in Asia with $5.8 billion Korea return

Stephen Aldred and Philip Blenkinsop of Reuters in Hong Kong/Brussels | 2014-01-21 00:00:00

Anheuser-Busch InBev SA, the world's biggest brewer, agreed to buy back South Korea's Oriental Brewery Co Ltd (OB) for $5.8 billion including debt, returning to a large Asian market at a time of strong industry growth across the region. The...

Stocks break 8-day winning streak

FE Online Report | 2014-01-20 00:00:00

Stocks edged lower Monday, breaking eight straight sessions’ winning streak with declining turnover as investors booked marginal profit from their previous purchase.The market started in a positive trend in the morning and the prime index of the Dhaka Stock Exchange...

Stocks open with positive trend

FE Online Report | 2014-01-20 00:00:00

The prices of most of the stocks on both bourses - Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE)-- witnessed positive trend in early hours of trading Monday, maintaining the previous session’s uptrend. The prime index of the DSE...

Enforcement likely to be delayed

Doulot Akter Mala | 2014-01-20 00:00:00

Enforcement of the Transfer Pricing (TP) provision from July 1 this year is likely to be delayed due to the non-formation of a relevant cell. The provision, incorporated in the Finance Act 2012, is scheduled to be enforced on a...

CRR, SLR go under new procedure from Feb 1

Siddique Islam | 2014-01-20 00:00:00

The banks will have to maintain statutory reserve separately under the new procedure, declared by the central bank, from February 1, officials said. The statutory reserve consists of two components - cash reserve requirement (CRR) and statutory liquidity ratio (SLR)....

Climate change impacts on Bangladesh

Sarwar Md. Saifullah Khaled | 2014-01-20 00:00:00

Bangladesh is vulnerable to climate changes. Indeed, it has internationally been established that Bangladesh, as a country, may suffer the most severe impacts from climate change. The country is one of the most densely populated on earth having more people...

Farewell to the ever-green dream girl

Neil Ray | 2014-01-20 00:00:00

She had something transcendental about her beauty. Mesmerising and yet full of a distinct personality, Suchitra Sen curved for her a niche in every Bangalee's heart, particularly in his or her prime of youth. It was an indelible impression she...

Of politics, poverty and rice price

Shamsul Huq Zahid | 2014-01-20 00:00:00

Most people remained engrossed with the political developments centring round the recently held 10th parliamentary elections. Never before, had the nation witnessed so much violence involving any political issue. For nearly a couple of months capital Dhaka remained cut-off from...

RHD targets 1,400 e-tenders by June

Munima Sultana | 2014-01-20 00:00:00

As a move to go for full-fledged electronic tendering, the Roads and Highways Department (RHD) has set a new target to call 1,400 tenders through the central procurement technical unit (CPTU) by June. Officials said the department has successfully met...

Drug law restricts options of getting foreign products

Shamsul Huda | 2014-01-20 00:00:00

Patients are being deprived of getting the newly invented and some life saving research medicines as the national drug ordinance has restricted their options of getting foreign products by barring imports, sources said. They said these specialised medicines are manufactured...

South Korea confirms bird flu, expands culling

Jack Kim of Reuters from Seoul | 2014-01-20 00:00:00

South Korea confirmed the outbreak of highly pathogenic bird flu last Saturday and said it would expand the culling of birds to a radius of 3-km (1.9 mile) around a duck farm, but a nationwide suspension of poultry shipment was...

Pirates seize first ship in Somali area since 2012

Edmund Blair of Reuters from Nairobi | 2014-01-20 00:00:00

Pirates have seized a merchant ship in the Red Sea and have taken it south towards Somali waters in the first successful hijacking in the region since 2012, maritime officials said on Sunday. The vessel, identified as the MV Marzooqah,...

Stocks extend gaining streak for 8th session

FE Online Report | 2014-01-19 00:00:00

Stocks on the bourses extended gaining streak for the eighth running sessions Sunday with turnover improved further as investor confidence boosted up amid stable political situation in recent days. The market started in a positive trend in the morning and...

Is Rahul Gandhi a PM candidate in India?

Zaglul Ahmed Chowdhury | 2014-01-19 00:00:00

Indians bated with breath for days to know whether the scion of the famous Nehru-Gandhi political dynasty will be a candidate for the next premiership of India in the coming elections. The main opposition in India, BJP, has already announced...

Steep fall in sales forces realtors to stop taking new projects

Shah Alam Nur | 2014-01-19 00:00:00

The real estate sector has almost stopped taking new projects following a drastic fall in the sales of plots and flats in recent times. The realtors said registration of new projects witnessed a significant fall last year for absence of...

Bikers continue to defy DMP ban

Khalilur Rahman | 2014-01-19 00:00:00

Motorcyclists in thousands plough through the city streets daily, violating traffic rules frequently much to the horrors of the pedestrians and inconvenience to the movement of vehicular traffic. The Dhaka Metropolitan Police (DMP) imposed ban on riding motorbikes in footpaths...

The screen goddess says goodbye

Maswood Alam Khan | 2014-01-19 00:00:00

Many of us, the old-timers, for the first time in our life came to learn what romance was like only when we saw Uttam and Suchitra in love on the silver screen. Uttam had left us many years back. Now...

Time for ACC to act

Shaikh Saleque | 2014-01-19 00:00:00

The much-talked-about elections to the 10th Jatiya Sangsad are over. The newly-elected members of parliament (MPs) have taken oath and a new cabinet has also been formed. Needless to say, the incumbent cabinet comprises the elected members to the Jatiya...

Treasury and Opposition in a parliamentary democracy

M. Serajul Islam | 2014-01-19 00:00:00

Former President Badrudozza Chowdhury asked his host on an exclusive TV talk show recently if he knew where the Jatiya Party ministers would sit in parliament. The host of course had no clue. Nor did anyone who watched the show...

GDP growth in an unusual election year

Abul Basher | 2014-01-19 00:00:00

The World Bank, the global leader of the multilateral lenders, has forecasted a 5.7 growth of GDP (gross domestic product) of Bangladesh for FY14, implying a fall by 0.3 percentage points and a 1.5 percentage points from the original target...

Thailand recruits 50,000 Bangladeshi workers soon

Munima Sultana | 2014-01-19 00:00:00

Thailand's labour market will soon open up creating job opportunities for 50,000 Bangladeshi workers in fishing and construction sectors. Stating this to the FE, Bangladesh Ambassador to Thailand Kazi Imtiaz Hossain said, the draft of a memorandum of understanding (MoU)...

To discipline a child without corporal punishment

Dilruba Nasrin | 2014-01-19 00:00:00

The method is to treat children with respect. It is to treat children as important as you are. It is treating them with the same respect with which you wish for them to treat others. In this 21st century, living...