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Tanners now want to build township at Hazaribagh

Ismail Hossain | 2014-01-11 00:00:00

Tannery owners now want to build a modern township on around 50 acres of land in the city's Hazaribagh area after relocation of their factories to Savar. "We have discussed the issue in our forum and decided to construct a...

Dutch govt looks into business potential of BD deep-sea port

Syful Islam | 2014-01-11 00:00:00

Experts from the Netherlands government are examining business prospects for the proposed deep-sea port's construction in the country, sources said. It is set to be built at Sonadia in Cox's Bazar. The Netherlands government has already expressed its keen interest...

Country failing to diversify exports, attract FDI

Shamsul Huda | 2014-01-11 00:00:00

Bangladesh is missing a lot of opportunities to diversify its exports because of the faulty appointment system of commercial counsellors in missions abroad, sources said. In most of the cases the officials who are appointed and posted after two months'...

NBR move to stop misuse of duty-free machinery

Doulot Akter Mala | 2014-01-11 00:00:00

The National Board of Revenue (NBR) is going to empower both poultry farm and breeders' associations to give clearance to companies on proper use of machinery imported under duty-free facility. The Board has taken the decision in a bid to...

Stocks close higher on political development

Babul Barman | 2014-01-11 00:00:00

The stock market closed higher for the second straight week that ended Thursday with improving turnover as the investors put fresh funds into equities, hoping an end to political crisis. "Improved expectations on the political frontier and hope for market-friendly...

A few thoughts over branding Bangladesh

Mir Shariful Bashar | 2014-01-11 00:00:00

BANGLADESH, by all measurement of controversial wisdom, is unlikely to have the insight, infrastructure and human capacity to develop by herself. It was considered a 'basket case' for development some 40 years ago when it was established, but then again...

The Lancet reflects Bangladesh\\\'s health revolution

Masum Billah | 2014-01-11 00:00:00

Though I belong to the field of education, my interest travels round the international politics along with social and economic problems as they are intricately linked with the life of humans. And as a columnist all the incidents and happenings...

Beneath veneer of glittering affluence lies deep wound

Nilratan Halder | 2014-01-11 00:00:00

Nine per cent of young Britons, 750,000 in total, have nothing to live for. These are young people aged between 16 and 25 who are unemployed. The frustration is deeper among those unemployed for six months or more. The findings...

Govt borrowing from banks falls 32pc in first half of FY ’14

Siddique Islam | 2014-01-10 00:00:00

The government's borrowing from the banking system dropped by more than 32 per cent in the first half of the current fiscal year (FY) 2013-14 due mainly to lower implementation of the Annual Development Programme (ADP) caused by the ongoing...

Three foreign firms compete for PMB\\\'s $1.32b construction job

Munima Sultana | 2014-01-10 00:00:00

Three pre-qualified firms of China, Korea and India finally came up with their proposals to compete for the Padma main bridge construction as tender for the US $ 1.32 billion work was closed Thursday afternoon. The China Major Bridge Engineering...

A narrative of the agonising and yet exciting times

Zaglul Ahmed Chowdhury | 2014-01-10 00:00:00

Unquestionably, any saga about our glorious liberation war of 1971 is not only extremely rewarding, but also immensely educative. It is more so when the exercise is from someone, who is inextricably associated with the process in the sense that...

Providing security for minorities in Bangladesh

Shahana Bilkis | 2014-01-10 00:00:00

The Bangladesh Constitution upholds and protects rights of every religious community to establish, maintain and manage its own religious institutions. Although the government publicly supports freedom of religion, attacks on religious and ethnic minorities continue to be a problem here....

Exploring potential of light engineering sector

Nilratan Halder | 2014-01-10 00:00:00

At a time when the country's export basket is confined to a very select few items, apparel topping the list, the task of identifying further value-added products for export could be highly daunting. Happily, this is not the case for...

Conceptualising poverty: How to achieve the \\\'big push\\\'

Hasnat Abdul Hye | 2014-01-10 00:00:00

At first sight the problem of mass poverty appears to be a part of the general problem of underdevelopment. But the persistence of poverty on a large-scale even in the midst of development makes this perception untenable. It is then...

6,000 traders to import used clothes this fiscal

Rezaul Karim | 2014-01-10 00:00:00

A total of 6,000 traders across the country will get the opportunity of importing used clothes in this fiscal year (FY), 2013-14, officials said. Importers will be selected on the basis of population density of each district and through lottery...

Stocks edge higher for third session

FE Online Report | 2014-01-09 00:00:00

Stocks ended marginally higher Thursday for the third running sessions with key index of the prime bourse crossed 4,400-mark as investors put funds on equities amid hope for ending the political crises. The market started in a positive note in...

Stocks see sharp rise at opening

FE Online Report | 2014-01-09 00:00:00

The prices of most of the stocks on both bourses - Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE)- rallied in early hours of trading Thursday, maintaining the previous session’s uptrend despite prevailing uncertainties in political arena. After 30...

BB backs GB review committee report

Syful Islam | 2014-01-09 00:00:00

The Bangladesh Bank (BB) has backed the Grameen Bank (GB) review committee report suggesting the government to ask the micro-lender to comply with the recommendations made in it, sources said. The BB's suggestion came recently as the Ministry of Finance...

Move on to make govt borrowing tools more competitive

Rezaul Karim | 2014-01-09 00:00:00

The central bank has taken a fresh move to develop the existing management of the government's key borrowing tools-overdraft current (ODC), official said. The government borrows a significant amount from this vital source to fund its budget deficit, sources said....

Foreign loans to private sector in 2013 decline

Shah Alam Nur | 2014-01-09 00:00:00

The volume of foreign loans received by the private corporate houses of the country declined in the last calendar year (2013) due to political unrest, official said. The foreign loans provider organisations are not interested in giving loans to Bangladeshi...

Hospitality industry in dire straits amid political turmoil

Ismail Hossain | 2014-01-09 00:00:00

The average occupancy rate of hotels and resorts in Dhaka and elsewhere in the country has recently reached the lowest-ever level of around 20 per cent due to the ongoing political conflict. The industry insiders said their usual occupancy is...

Optional PSI comes into force by month-end

Doulot Akter Mala | 2014-01-09 00:00:00

The government is going to launch the optional pre-shipment inspection (PSI), which was earlier mandatory, for imported goods by the end of this month, as both the customs authority and the service provider companies have reached a consensus on payment...

Pharma issues best performers in 2013

Mohammad Mufazzal | 2014-01-09 00:00:00

The listed pharmaceutical issues were the best performers in the country's capital markets in the calendar year 2013 amid a 12.6 per cent fall in profitability by other major sectors. The giant banking sector performed the worst with a loss...

Businesses to come unglued if political turmoil continues

Raihan M Chowdhury and Mohammad Ali | 2014-01-09 00:00:00

The business of the banking industry will face a worse situation in 2014 than the last year if the prevailing political stalemate is not resolved, the chief of the bankers' association says. In the last year 2013, the banking business...

RMG exporters allowed cash incentive against advance TT

Siddique Islam | 2014-01-09 00:00:00

The government has allowed apparel exporters to receive cash incentive against export proceeds received in advance through telegraphic transfer (TT) to help recover their loss due to the ongoing political turmoil. Under the new facility, the exporters of woven, knitwear...

BSBL shifting focus from employment generation to gold mortgage business

Badrul Ahsan | 2014-01-09 00:00:00

Bangladesh Samabaya Bank Ltd (BSBL) is gradually shifting its focus from rural employment generation to gold mortgage business for better profitability, data showed. Available data show that the bank's investment in gold mortgage business surged to Tk 478 million in...

The confusion about class in trademark law

Mohammed Rakib-Ul-Hassan | 2014-01-09 00:00:00

Apart from enactment of the Trademark Act, 2009 (TTA, 2009), Bangladesh is also one of the signatories to the Paris Convention for Protection of Industrial Property (since March 1991) and the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS)...

Abu Dhabi company to invest up to $10b in US chip plant

Stanley Carvalho of Reuters from Abu Dhabi | 2014-01-09 00:00:00

Abu Dhabi's Advanced Technology Investment Co (ATIC) plans to invest up to $10 billion over the next two years in GlobalFoundries' upstate New York semiconductor factory, its chief executive said late last week. ATIC owns unlisted GlobalFoundries, having completed a...

10th national elections and the challenges for the government

Md Abdullah Al Helal | 2014-01-09 00:00:00

The 10th national elections were held on January 05 amid bloody clashes that left at least 22 people dead and 500 injured. Voting was held in 139 constituencies, and due to violence, voting in 8 constituencies was postponed. Out of...

About water market

Abdul Bayes | 2014-01-09 00:00:00

In the context of Bangladesh, water is both an asset and a liability. There are, perhaps, very few countries in the world where water appears to be both scarce and abundant within a very short period of time. In the...