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DTCA moves to make MRT co functional

Munima Sultana | 2014-01-02 00:00:00

The Dhaka Transport Coordination Authority (DTCA) has taken an initiative to make the newly-formed mass rapid transit (MRT) company functional paving the way for successful implementation of the first mass transport system in the city. Officials said the office of...

DSE sees big jump in foreign investment in 2013

Babul Barman | 2014-01-02 00:00:00

The foreign investment in the Dhaka Stock Exchange (DSE) marked a significant jump in 2013 compared to 2012 as foreign fund managers considered the market lucrative for long-term investment due to low prices of fundamentally strong stocks. Net investment by...

In banking reform, Europe zig-zags but still moves forward

Paul Taylor of Reuters | 2014-01-02 00:00:00

The European Union does not draw straight lines. Recent tortuous agreement on a common system for shutting failed banks exemplifies the awkward, often unstable compromises by which Europe advances. Banking union is the biggest leap forward in EU integration since...

Political unrest to take toll on next Ekushey Book Fair

Mohammad Mufazzal | 2014-01-02 00:00:00

The industry of publishing creative books is set to suffer heavy loss despite the government's financial support due to the apprehension of lingering the ongoing political unrests during the upcoming Ekushey Book Fair. The leading publishers of the city's Bangla...

Despite policy supports, realtors felt the pinch last year

Ismail Hossain | 2014-01-02 00:00:00

The business of the country's real estate sector witnessed a sluggish trend in 2013 calendar year despite its having some policy supports.   Sector insiders and experts hold the prolonged political turmoil, indecisiveness of the customers, poor access to housing loans...

Tk 5.37b stuck up in 0.2m certificate cases

Syful Islam | 2014-01-02 00:00:00

A whopping amount of Tk 5.37 billion remains stuck up against 0.2 million certificate cases filed by six state-run banks against default borrowers of agriculture loan, sources said. The figure reflected the scenario of certificate cases at the end of...

Diversifying investment opportunities for economic growth

M Jalal Hussain | 2014-01-02 00:00:00

Short and slow diversification of investment in production, marketing, export, and the poor structure of the economy are the prime features of many low-income countries (LICs). Low productivity, sub-standard quality of products and low-tech items in the export list lead...

Politics sapping vitals of the economy

Abdul Bayes | 2014-01-02 00:00:00

Whatever is happening in the country in the name of so-called democratic election apparently points to a Doomsday future. A country that passed through hard times but emerged as a role model in the world because of conducive policies adopted...

Stocks see upward trend at opening

FE Online Report | 2014-01-01 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 Wednesday, the maiden trading session of the New Year. After 30 minutes of trading,...

BD to press Yangon for shipping links at JTC meeting Jan 14

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

The government will press Yangon for allowing country's shipping links with Myanmar in the upcoming Bangladesh-Myanmar Joint Trade Commission (JTC) meeting to be held on January 14 next, in Myanmar to boost bilateral trade, officials said Tuesday. Besides, border trade,...

Foreign business proposals being diverted from Bangladesh

Jubair Hasan and Shah Alam Nur | 2014-01-01 00:00:00

Ongoing political turmoil has been affecting the country's foreign business deals as foreign delegates have refused to visit Bangladesh on security grounds, businesses said. The foreigners' apathy to make trips to Bangladesh has come as a big blow to the...

Tax authorities find 2013 as an uncomfortable year

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

The outgoing 2013 was quite an uncomfortable year for the tax authorities as the government's overall revenue collection passed through a slow growth throughout the second half of the calendar year primarily due to the persistent political unrest. Such less-than-expected...

2014: Carrying the baggage of past year\\\'s political, economic troubles

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

The nation, along with rest of the world, stepped into the year, 2014, at zero hour last night at the end of what many might feel like describing as a nightmarish year, in terms of both political and economic developments....

Larger PCBs see fall in operating profits in ‘13

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

The unaudited operating profits of the country's private commercial banks (PCBs) witnessed a mixed trend in the just-concluded calendar year with those of larger banks falling significantly. Bankers attributed the fall in operating profits of major banks to the rise...

Stock market sees off a tumultuous year

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

The Dhaka Stock Exchange (DSE) passed a volatile year in 2013 despite a positive ending of the broad share price index for the first time in last three years amid mounting political tensions. Analysts said a disappointing scenario might continue...

The cost of current political chaos

Md. Joynal Abdin | 2014-01-01 00:00:00

Bangladesh is a moderate Muslim country. It has emerged as a role model for many least developed countries in peaceful co-existence of diverse religious, cultural and ethnic groups. Inter-religious ties and amity are strong and peaceful in Bangladesh. The independence...

Need to survive to vote

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

Former Chief Adviser to the 1996 Non-Party Care-Taker Government Justice Hahibur Rahman has rightly said in a seminar on Human Rights this week in Dhaka that the people's rights to vote is very important, but the right to live comes...

Ending political turmoil for survival

Maskurul Alam | 2014-01-01 00:00:00

It is a matter of regret that the economy of the country is being strangulated to death due to the ongoing political turmoil. If this situation goes on for a long time, the GDP will be much lower than what...

Political turmoil sends jitters to the economy

Syed Jamaluddin | 2014-01-01 00:00:00

The government is under pressure with regard to the 10th parliamentary election. The international community has decided not to send observers on the ground that the January 05 election is not going to be participatory and has all the elements...

Thai: Will the army step in?

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

As the political crisis in Thailand shows no sign of resolution, speculations are rife in capital Bangkok and elsewhere in the country that the army may intervene. Such a possibility received credence after the army indicated that nothing is ruled...

Where are the state-owned banks heading to ?

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

My uncle stepped into a branch of a state-owned bank (SOB) in Dhaka for a bank draft to send some money to his home town on the eve of Eid-ul-Fitr. "The gentleman who issues the drafts has gone to attend...

Signing of food grains purchase deal with Myanmar uncertain

Syful Islam | 2013-12-31 00:00:00

The signing of a bilateral pact on food grain purchase between Myanmar and Bangladesh has become uncertain after the former informed that it now does not export rice on government-to-government (G-to-G) basis, sources said. However, Myanmar proposed that Bangladeshi importers...

50,000 foreigners staying illegally in Bangladesh

Badrul Ahsan | 2013-12-31 00:00:00

More than 50,000 foreigners are now staying in Bangladesh illegally posing serious threat to national security as well as creating extra pressure on domestic job market, officials and experts said Monday. Of the foreigners, 30,450 are Indians, 2,532 Pakistanis, 2,411...

BB extends time for adjustment for banks by one more year

Siddique Islam | 2013-12-31 00:00:00

The central bank has extended the time-limit by one more year for adjustment of 'single-borrower exposure limit' by the commercial banks for financing the operations of their subsidiaries, brokerage houses and merchant banks. Under the amended provisions, the banks will...

Improving rural roads helps poverty reduction

Md Shohel Reza Amin | 2013-12-31 00:00:00

Since the inception of Bangladesh Rural Transport Improvement Project in 2003, more than 2,500 kilometres of rural roads were maintained and improved in the country. Despite big investments to develop the country's rural road network, the condition of it has...

Insulating RMG from political turmoil

Abu Mukhles Alamgir Hossain | 2013-12-31 00:00:00

Bangladesh export trade is heavily dependent on a few products like ready-made garments (RMG) including woven and Knit, home textile, jute and jute goods, leather and leather goods and frozen Fish. Among them, RMG itself earns more than 80 per...

Giving the devil its due

Shamsul Huq Zahid | 2013-12-31 00:00:00

Several months back unskilled and semi-skilled workers in their thousands made long queues before the rural IT (Information Technology) centres and got their names registered with a hope of getting jobs abroad. The government put up advertisements in newspapers to...

Political crises grip most part of S Asia

Zaglul Ahmed Chowdhury | 2013-12-30 00:00:00

Most of the south Asian nations at present seem to be in the threshold of political crises. Largest of these countries, India, which is going to national elections early next year, is experiencing domestic problems stemming from some developments. The...

Ethics and economics of TV ads

Shaikh Saleque | 2013-12-30 00:00:00

Commercial advertisement or ad is the lifeblood of television channels. Broadcasters sell air time to advertisers to earn revenue. TV broadcasters, particularly the privately-owned ones, depend mainly on advertising revenue. The state-owned broadcasters, however, are financed by the government, while...

How beneficial TICFA deal will be for Bangladesh?

Syful Islam | 2013-12-30 00:00:00

Bangladesh maintains good economic and political relations with the United States. As the single largest export destination, the US is a very important trade partner. On November 25 Bangladesh signed the much-talked-about Trade and Investment Cooperation Forum Agreement (TICFA) with...