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Dual role of SBC creates an uneven field

Special Correspondent | 2014-01-06 00:00:00

A top executive of a leading insurance company has demanded that mandatory reinsurance with state-owned Sadharan Bima Corporation (SBC) be relaxed in order to ensure competitive and professional reinsurance services and support by the non-life insurance companies in Bangladesh. "It...

Automobile body builders adding Tk 1.0 billion value

Shamsul Huda | 2014-01-06 00:00:00

The growing automobile body building industry is making over Tk1.0 billion local value addition to the imported chassis and engines of buses, trucks and other vehicles a year, sources said. Approximately one thousand small, medium and large factories are scattered...

Political turmoil delaying tannery relocation to Savar

Ismail Hossain | 2014-01-05 00:00:00

Relocation of tanneries from the city's Hazaribag to Savar will be delayed, if the country's current political volatility continues. Industry insiders opine that tanners cannot bear the cost of relocation at this moment, as the present political stalemate has almost...

3G service boosts Smartphone sales

Jamal Uddin | 2014-01-05 00:00:00

The demand for Smartphone in Bangladesh is rising fast, thanks to the introduction of the 3G (third generation) mobile phone service. Faster internet access through mobile device has made people enthusiastic over Smartphone. Besides, mobile phone operators and handset vendors...

Assad\\\'s secret oil lifeline: Iraqi crude from Egypt

Julia Payne of Reuters from London | 2014-01-05 00:00:00

The Syrian government of President Bashar al-Assad has received substantial imports of Iraqi crude oil from an Egyptian port in the last nine months, shipping and payments documents show, part of an under-the-radar trade that has kept his military running...

Knit export may soon exceed woven wear

Shamsul Huda | 2014-01-05 00:00:00

Apart from the existing European market, new export destinations for knitwear garments are helping increase country's export volume every year, sources said. According to BKMEA sources, knit readymade garment export may exceed woven again this year in the next couple...

Alarming fall in city\\\'s groundwater

Khalilur Rahman | 2014-01-05 00:00:00

A recent study shows that the groundwater level in Dhaka city is falling at a rate of 9.21 feet per year. During the last seven years, the groundwater level has registered a fall of 65.61 feet. Indiscriminate use of groundwater...

Overall imports grow by 9.01pc in 5 months

Siddique Islam | 2014-01-05 00:00:00

The country's overall imports grew by more than 9.0 per cent in the first five months of the current fiscal year (FY), 2013-14, amid the ongoing political turmoil. "The overall imports increased during the period under review mainly due to...

The year, 2013, in retrospect; uncertain prospect for the new one

Zaglul Ahmed Chowdhury | 2014-01-05 00:00:00

The year 2013 to which we bade adieu last week, has been quite tumultuous for Bangladesh and the countries beyond it. The developments of the last year would impact the new year in varying ways; it is quite likely that...

Enrolment condition in private universities

Masum Billah | 2014-01-05 00:00:00

As private universities occupy a significant portion of our higher education, quality of education in these universities sometimes makes the newspaper headlines. Now we cannot afford to think of the field of higher education without giving an important consideration towards...

Eureka, solution is not far beyond

Neil Ray | 2014-01-05 00:00:00

At a time when politics is undergoing criminalisation, thanks to gross miscalculations by the ruling party and unholy influence of the anti-liberation forces on one of the main contending political parties, even the highly optimist sees no light at the...

Taxmen worried over PCBs\\\' declining profit

Doulot Akter Mala | 2014-01-04 00:00:00

Decline in operating profits of private commercial banks (PCBs) in 2013 has made the tax authorities worried against the backdrop of the significant fall in collection of corporate tax in the second half of the current fiscal year (FY). Around...

Blockades bar execution of RHD projects

Shah Alam Nur | 2014-01-04 00:00:00

Implementation of the Annual Development Programmes (ADPs) of Roads and Highways Department (RHD) has been facing disruption due to the frequent countrywide blockades that began in October last year, officials said.  "The RHD project implementation has totally been halted due...

Let the election be held

Mohsin Ali | 2014-01-04 00:00:00

The civil society leaders spoke out recently in a seminar on our national issues. They discussed about the prevailing situation in the country, especially, terrorism, election and democracy. They blamed the politicians of both the ruling and opposition parties for...

Attaining MDG targets: Focus on children

Md A Halim Miah | 2014-01-04 00:00:00

Bangladesh has been performing well in attaining the UN Millennium Development Goals (MDGs), of which reducing poverty and hunger, enrolling increased number of children with schools and reducing deaths of children below five years of age, are some. We are...

Political agitations make people\\\'s life insecure

Shahana Bilkis | 2014-01-04 00:00:00

Political violence has become pervasive in Bangladesh and part of our life. Political agitation is not new here, but it has now acquired a new dimension which is perhaps both brutal and dangerous. Who does pay the price? Of course,...

Stocks back to green after two weeks

Babul Barman | 2014-01-04 00:00:00

Stocks went back to the green last week that ended on Thursday after two weeks' losing streak, powered by the investors' buying spree despite pre-polls unrest. The market witnessed four trading sessions, like previous two weeks as market remained closed...

More investments in auto rice mills likely

Badrul Ahsan | 2014-01-04 00:00:00

Automatic rice mills are expected to dominate the local market over the next couple of years due to more investment in the sector. Investors have started making foray into the sector mainly due to its better quality, cost effectiveness and...

MoF may lower further cap on ODC loans of govt

Rezaul Karim | 2014-01-04 00:00:00

The ministry of finance (MoF) is likely to reduce further the government's borrowing from the central bank by using the overdraft-current (ODC) tool, officials have said. The MoF has already put a cap on the government's borrowing from the Bangladesh...

Extension of Chinese loan period for buying 6 vessels for BSC sought

Syful Islam | 2014-01-04 00:00:00

Bangladesh will soon request China to extend the tenure of its preferential and concessional loan to buy six vessels for the Bangladesh Shipping Corporation (BSC) until June this year as difference over their price is delaying the procurement, sources said....

Protecting the Buriganga river

Masum Parvez Nobel | 2014-01-04 00:00:00

It is well-known to everybody that Bangladesh has about 230 small and large rivers, and a big chunk of the country's 160 million people rely on them for  livelihood and for transportation. On the contrary experts state many of them...

Protection of children in Islam

Khabirul Haque Kamal and Safiul Azam | 2014-01-04 00:00:00

Children are enormous blessings from Allah; at the same time they are Amanah or trust from Him to us. The ultimate aim of preserving that trust is to do our best to protect them from hell-fire in the after-life, "O...

Climate change impacts in mountainous regions

Parvez Babul | 2014-01-04 00:00:00

HUMAN-induced climate change has made our only world fragile and unlivable. Total population, I mean seven billion people of all the seven continents, rich and poor of the world are vulnerable at present due to climate change. Research shows that...

Calendars throughout the ages

Nilratan Halder | 2014-01-04 00:00:00

What it would be like if the entire population of the globe had suddenly suffered a bout of memory loss or there had been a cosmic conspiracy to eclipse the sun for a day or a two or even the...

People buying soybean oil, lentil at exorbitant prices from market

Syful Islam | 2014-01-03 00:00:00

A large quantity of soybean oil and lentil is becoming date-expired and stale in the warehouses of Trading Corporation of Bangladesh (TCB) at a time when people are buying these essential items from the market at an exorbitant price, sources...

Political unrest cuts flower sales, hits traders hard

Munima Sultana | 2014-01-03 00:00:00

The ongoing political unrest has hit the city's flower traders hard, as their sales declined sharply despite peak season and special occasions. The flower shop owners said they could not get half of their investment back during the New Year...

Curtailed wish list for the year 2014

Nilratan Halder | 2014-01-03 00:00:00

People, both individually and collectively, prepare a wish list for a New Year. What should be the wish list like for an average Bangladeshi and the nation as a whole? A country in the throes of political anarchy and economic...

APP shocks Indian political establishment

Zaglul Ahmed Chowdhury | 2014-01-03 00:00:00

When a months-old political party formed the new government in the important Indian state of Delhi, many rubbed their eyes in utter disbelief. The reason was obvious. How could such a new organisation with virtually no background in politics make...

Stocks close higher amid low turnover

FE Online Report | 2014-01-02 00:00:00

Stocks ended higher Thursday, the last trading day of the week with lower turnover as most investors followed ‘wait-and-see’ policy on prevailing volatile political situation.Meanwhile, trading and official activities of Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) will...

Stocks open with positive

FE Online Report | 2014-01-02 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 Thursday amid see-saw, the last trading day of the week. Meanwhile, trading...