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In telecom merger mania, skeptical eye from Obama administration

Alina Selyukh and Sinead Carew of Reuters | 2013-12-27 00:00:00

A pair of potentially transformative U.S. telecoms and cable deals could run afoul of Obama administration regulators who worry that mergers among market leaders would hurt consumers. With both cable and mobile phone operators grappling with slowing growth, speculation has...

Max Baucus to move to China, raising doubts over trade negotiations

James Politi in Washington | 2013-12-27 00:00:00

President Barack Obama's attempt to push through legislation allowing for the swift passage of trade deals in Congress has been clouded by his nomination of Senator Max Baucus as ambassador to China, removing a key supporter of the effort on...

Five-month farm credit flow up 20pc

Siddique Islam | 2013-12-26 00:00:00

Farm credit disbursement grew by more than 20 per cent during the first five months of the current fiscal year (FY), 2013-14, despite the ongoing political unrest. The banks, particularly the state-owned commercial banks (SoCBs), however, faced difficulties in disbursement...

BPO takes some proactive steps to regain lost glory

Badrul Ahsan | 2013-12-26 00:00:00

Bangladesh Post Office (BPO) has taken a set of proactive measures with a view to regaining its lost glory as well as for its survival, a high official said.    To this effect, the BPO has in the meantime launched a...

Contradictory rules puzzle taxmen

Doulot Akter Mala | 2013-12-26 00:00:00

Complexities over collection of income tax on allowances and other income of the officials of state-owned enterprises (SoEs) and autonomous bodies have created confusion among the taxmen in the current fiscal year. Taxmen are puzzled over two contradictory rules of...

Private sector investment virtually comes to a halt

Shah Alam Nur | 2013-12-26 00:00:00

Private sector investment in the country has virtually come to a halt in the recent days due to the prevailing political unrest, industry insiders said. According to them, entrepreneurs are in a dilemma over making fresh investments and undertake business...

Sale at Christmas but price hike at Eids

Nazir Ahmed from London | 2013-12-26 00:00:00

It is said that we have more than 10,000 'Indian' restaurants and takeaways in the United Kingdom.  The real figure, if the outlets were properly counted, would be much higher.  The catering sector has been making a huge contribution (estimated...

Devyani issue pours cold water on Indo-US ties

Masum Billah | 2013-12-26 00:00:00

The spat between the United States and India strikes a discordant note at a time when relationship between the two largest democracies is otherwise on a high, especially in the last one decade which has seen unprecedented cooperation in various...

Let there be light for our youths

Sarwar Md. Saifullah Khaled | 2013-12-26 00:00:00

It is natural and expected that in this age of globalisation, we will march forward. It is also expected that by using the opportunities of modern information technology and following the examples of the modern world, we will go ahead...

Emerging leadership in agriculture

Abdul Bayes | 2013-12-26 00:00:00

Land is the main source of livelihood in rural Bangladesh. In a country of too many people chasing extremely scarce land, it is the precious resource that every person wants to own and does not want to sell even when...

From shared risk to a united future

Noeleen Heyzer and Sihasak Phuangketkeow | 2013-12-26 00:00:00

On December 26, 2004, the world witnessed a devastating natural disaster with an impact that still reverberates nine years later. One of the strongest earthquakes ever recorded struck off the west coast of Aceh, Indonesia, triggering massive tsunami waves that...

CCI&E takes steps to double non-tax revenue in 4 years

Rezaul Karim | 2013-12-26 00:00:00

The office of the Chief Controller of Imports and Exports (CCI&E) has taken some steps to double the non-tax revenue collection within the next four years, officials have said. To this end, the government has liberalised the Import Policy Order...

US early warning system for financial crises gets low marks

Sarah N. Lynch and Emily Stephenson of Reuters from Washington | 2013-12-26 00:00:00

In June 2009, a small group of academics sent an envoy to a Washington, D.C., think tank to pitch their vision for a research office to help the nation avoid the next financial crisis. The idea was to create a...

From street stalls to bourses, South East Asia\\\'s traditional medicine makers promise panacea

Eveline Danubrata and Anshuman Daga of Reuters from Jakarta/Singapore | 2013-12-26 00:00:00

On rainy days in Jakarta, a canny street merchant like Emi can sell two dozen sachets of herbal cold cure Tolak Angin to office workers and labourers sniffling by her roadside stall. "Herbal medicine is good for the body because...

50pc fall in private sector employment

Shah Alam Nur | 2013-12-25 00:00:00

Recruitment, mainly in the country's private sector, has dropped sharply in recent times due to prevailing political turmoil, sector insiders said. According to them, most of the manufacturers and entrepreneurs have almost put on hold their fresh investment and expansion...

Banks readying for BB loan policy relaxation

Siddique Islam | 2013-12-25 00:00:00

Commercial banks have started taking preparations for implementing the central bank's latest relaxed loan rescheduling policy to facilitate financing for businesses, affected by the ongoing political unrest. "Both banks as well as businessmen will be benefited from relaxation of the...

Making business humane way

Shamsul Huq Zahid | 2013-12-25 00:00:00

All businesses have a natural propensity for maximising profit. And such an urge is rather universal. So, there should be no reason for anybody for developing an aggrieved feeling if pharmaceutical companies in Bangladesh demonstrate their love for maximum possible...

Coca-Cola to invest $50m

Mohammad Ali | 2013-12-25 00:00:00

Global soft drink giant Coca-Cola looks at increasing its production capacity significantly in Bangladesh within 2015 by setting up a new manufacturing plant. To set up the plant, the world leading beverage brand will invest $50 million as foreign direct...

Merry Christmas: Jesus\\\' birthday

Nicholas Biswas | 2013-12-25 00:00:00

December 25th is the day for celebration of the birth of Lord Jesus Christ. The world celebrates this day with great festivity every year. But what is Christmas all about? It is about Jesus, and that amazing day when God...

Training on supply chain management

Md. Hossain Ali | 2013-12-25 00:00:00

The Dhaka Chamber of Commerce and Industry (DCCI), jointly with the ITC-UNCTAD/ WTO, Geneva, offers opportunities for getting international diploma on Supply Chain Management. The MLS-SCM(P) of the ITC, an UN-based global programme of user-friendly, practical and impacting training modules,...

The risks of demutualisation

Wali-ul-Maroof Matin | 2013-12-24 00:00:00

'Quinine is used to cure malaria. But, who is going to cure Quinine?' Remember the philosopher-writer of the last century Syed Muztaba Ali mockingly mentioning this hard truth? I recall it as I observe the demutualisation process of the stock...

The potential of Bangladesh capital market

Babul Barman | 2013-12-24 00:00:00

The capital market is the engine of growth for an economy, and performs a critical role in acting as an intermediary between savers and companies seeking additional financing for business expansion. Vibrant capital market is likely to support a robust...

Legacy of sham democracy and misuse of human rights

M. Salimullah | 2013-12-24 00:00:00

'Is Bangladesh powerless to decide its future?  -- a theme that was tabled for discussions by one of the European non-governmental organisations (NGOs) during its recruitment process for a senior position for its Bangladesh office. Most of the prospective candidates...

Monetary policy stance under scanner

Shamsul Alam | 2013-12-24 00:00:00

Every half a year, Bangladesh Bank, the central bank of Bangladesh and the country focal point of monetary policy, announces a Monetary Policy Statement (MPS) that articulates the country stance in terms of monetary policy and related macroeconomic management. While...

Public policy and economics

Hasnat Abdul Hye | 2013-12-24 00:00:00

Public policy is a composite of ideas, perceptions and theories. Overtly and covertly, a number of social sciences make their contributions in making public policy to take shape. Politicians, bureaucrats and social scientists-turned policy makers make use of these sources...

Sorry state of public healthcare service in Bangladesh

Khalilur Rahman | 2013-12-24 00:00:00

In the backdrop of population boom and increasing number of patients, healthcare facilities both in public and private sectors have quickly expanded in the country in recent years. But the quality of health service in general is yet to show...

Wrong brothers, a wind tunnel and the cockpit

Saqiful Alam | 2013-12-24 00:00:00

We all have heard about Orville Wright and Wilbur Wright, the brothers who built the first airplanes. But no one has ever before heard of the Wrong brothers. As it happens, they were also having the thought of building a...

No business goes without cyber presence

Nabeela Mobashwer | 2013-12-24 00:00:00

Emerge, Grow and Sustain are the keywords for every business. It was not until recently that marketers got aware of the untapped online market and commenced altering ways from the increasingly conventional marketing mix.  The dodge was the incredible combination...

Collaborative consumption approach

Faisal Wali & Khondker Galib B. Mohiuddin | 2013-12-24 00:00:00

Have you ever shared an audio CD with a friend? If you did so, without knowing, you had actually engaged in a 'collaborative consumption.' One of you paid for the CD, but two or more of you actually benefitted from...

Riding on biking in new business line

Drabir Alam | 2013-12-24 00:00:00

Potential Fortune Helmet wearing office and university going bicyclists are no longer an odd scene in Dhaka.  Slowly but surely, the bicycle is making the way back into the list of transport for the urban commuters. The extent of the...