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Global and local perspectives

Md Touhidul Alam Khan and Md Saifur Rahman Shipon | 2013-12-24 00:00:00

"Boards and shareholders must embrace the fact that good business is not just about achieving the desired financial bottom line by being competitive. It is equally about creating shareholder value, which can only be sustained by well-informed strategic direction and...

Bangladesh\\\'s garment industry at the crossroads

the World Bank in a recent report | 2013-12-24 00:00:00

The garment industry in Bangladesh has come a long way from just 50 factories in the 1980s employing only a few thousand people to about 5,400 factories currently employing nearly 4.0 million people, mostly women. The ready-made garments (RMG) industry...

ICT gives rise to ‘me-too’ successes

Gultekin Binte Azad | 2013-12-24 00:00:00

On the eve of the 21st century we are heading towards a world which is entirely dependent on ICT. Scientifically, everyone knows that the world is sphere, however the world can still be considered as flat because of the blessings...

The \\\'feel good\\\' feel

M. A. Taslim | 2013-12-24 00:00:00

A common narrative of economic development of Bangladesh is that it has done remarkably well despite all natural and self-made catastrophes. A sustained increase in economic growth over the last two decades has helped to create such a view. The...

BD taking slow, steady steps in automobile manufacture

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

After missing opportunities over the decades to become an automobile manufacturing country, Bangladesh is taking slow but steady steps in this direction, sources said. They said besides assembling and building bodies for buses and trucks, efforts are going on to...

Political unrest weighs on printing industry

Ismail Hossain | 2013-12-24 00:00:00

Country's printing industry has been experiencing a sluggish business over the last few months mainly due to the prevailing political unrest this is the peak season of the industry. According to printers, their overall business has registered nearly 60 per...

Big oil cos opting for unusual tactic for lobbying on Iran

Timothy Gardner and Andy Sullivan of Reuters from Washington | 2013-12-24 00:00:00

As debate rises in Washington over the first thaw in relations between Iran and the United States in decades, powerful oil companies are opting for an unusual tactic: silence. Oil companies such as Exxon Mobil Corp and ConocoPhillips could earn...

IBA, 14 DU depts to include CSR

Mohammad Ali | 2013-12-24 00:00:00

Corporate Social Responsibility (CSR) is going to be included in the academic course of the university level education for the first time in the history of Bangladesh. The initiative is expected to facilitate generation of workforce with clear understanding of...

A technique of evaluating FDI, joint ventures, mergers and negotiations

Md. Jamal Hossain | 2013-12-24 00:00:00

Competition in market is very much vital to generate robust market structure. But competition doesn't always come automatically; sometimes it comes from automatic response of competing entities and sometimes it is the direct result of conscious market design. The kind...

Govt all set to celebrate textbook festival across country on Jan 2

Khairul Islam | 2013-12-24 00:00:00

The government is all set to celebrate the countrywide 'textbook festival' on first working day of the upcoming calendar year despite adverse political situation that has been now prevailing in the country, related sources said. They said the authorities concerned...

Taxpayers\\\' response frustrates NBR

Doulot Akter Mala | 2013-12-24 00:00:00

The National Board of Revenue (NBR) is yet to get the desired response from the individual taxpayers though the expiry of the extended deadline for submission of income tax returns is only one week away. Following the poor submission of...

Furniture exporters demand 25 per cent cash incentive

Rezaul Karim | 2013-12-23 00:00:00

The Bangladesh Furniture Exporters Association (BFEA) has demanded cash incentives against its export items instead of duty drawback to boost their outbound business, industry sources said.   BFEA leaders recently met ministry of commerce secretary Mahbub Ahmed where they demanded 25...

Gold mortgage business thrives under cover of trade in jewellery

Badrul Ahsan | 2013-12-23 00:00:00

Jewellery shop owners in the city's Tanti Bazar and Shankari Bazar areas are engaged in 'unlawful' business of gold mortgage because of what they called the dearth of work. Shop owners said more than one hundred shops in the areas...

US studies unlock mystery of how HIV causes AIDS

Julie Steenhuysen of Reuters from Chicago | 2013-12-23 00:00:00

US scientists have discovered the basic mechanisms that allow HIV to wipe out the body's immune system and cause AIDS, which could lead to new approaches to treatment and research for a cure for the disease that affects 35 million...

Some banks use \\\'pressure tactics\\\' to sell policies of directors\\\' Ins cos

Syful Islam | 2013-12-23 00:00:00

Some banks are allegedly forcing borrowers into buying insurance coverage from the companies owned by their (the banks') directors, sources said. Recently, a group of businesspersons sought intervention of the Ministry of Finance (MoF), the Bangladesh Bank, and the Insurance...

Does the latest stance of PM offer any glimmer of hope?

Zaglul Ahmed Chowdhury | 2013-12-23 00:00:00

Prime Minister (PM) Sheikh Hasina made the other day a new proposal -- albeit somewhat ambiguously -- to help resolve the current state of the nation's perilous political situation when she expressed readiness to hold fresh polls for the 11th...

Business in 21st century: Crucial role of IT

Shariful Alam Bhuiyan | 2013-12-23 00:00:00

For any business, the decisions made by the management are responsible for its success or failure - these are the choices that either make or break a company. The managers decide on how to run the business, but taking these...

Money follows power

Neil Ray | 2013-12-23 00:00:00

So, politics and money-making are inseparable these days. Gone are the days when politics was a selfless vocation entirely dedicated to the cause of the land and its people. There was a time when scions of zamindar families, in total...

Should ACC be an onlooker?

Shamsul Huq Zahid | 2013-12-23 00:00:00

Bangladesh, undoubtedly, is a hotbed of corruption. It receives recognition annually from the global anti-graft body called the Transparency International (TI) in this connection. For past many years, the TI has been, unfailingly, placing Bangladesh among the most graft-ridden countries...

Production, supply chain in industries break down

Shah Alam Nur | 2013-12-22 00:00:00

The production and supply chain in most of the country's manufacturing industries have broken down due to frequent countrywide shutdowns and blockades, industry players said. They said many industries had to cut production by 75 per cent to avoid congestion...

Universal primary education and Bangladesh

Masum Billah | 2013-12-22 00:00:00

The concept of universal education dates back to 2000 when UNESCO hosted Dakar summit which was participated in by 180 countries. They committed to the simple but profound goal of achieving universal basic education by 2015. It actually involves entering...

Importance of uniform for students

Rabiul Islam | 2013-12-22 00:00:00

In Bangladesh usually school and college students are bound to wear uniform because of code of conduct of the school or college. Uniform has lot of importance though it is not always realised by the students. Uniform can play a...

JSC, JDC exam results unlikely on Dec 30

Khairul Islam | 2013-12-22 00:00:00

Publication of results of Junior School Certificate (JSC) and its equivalent examinations scheduled for December 30 has become uncertain amid frequent blockades and shutdowns sequel to the volatile political situation in the country. Sources in the education boards said the...

SOS from hills in CHT region

Khalilur Rahman | 2013-12-22 00:00:00

The Rangamati Hill District Council (RHDC) in a meeting held on December 11 last called for protecting hills from gross human interference. Speakers at the meeting, held for the first time in the country in observance of the International Mountain...

Padma Bridge budget halved for this fiscal

Munima Sultana | 2013-12-22 00:00:00

The budget for the country's priority Padma bridge project has been cut by a half in the current fiscal year as the government is unable to complete the tender process on the project's main construction work because of political instability...

Essential drugs becoming scarce in local market

Shamsul Huda | 2013-12-22 00:00:00

The availability of a good number of essential drugs in the market has become a problem of late as their manufacturers are increasingly becoming disinterested in manufacturing the same because of the government's price control measures, sources said. Currently, the...

Roll out programme for 3G service faces disruption

Jamal Uddin | 2013-12-22 00:00:00

Activities of the mobile telecom operators` network roll out programme for third-generation (3G) mobile phone service have faced a virtual halt due to the prevailing political stalemate, industry insiders said.   Most of the mobile operators have also feared that it...

The hanging of Qader Mollah and Pakistan

M. Serajul Islam | 2013-12-22 00:00:00

These are surely the worst of times although these are supposed to be the best of times with the hanging of Qader Mollah (QM). Instead of mass upsurge of celebrations, the hanging has tended to push the country into a...

Efforts to find businesses without TIN face a blow

Doulot Akter Mala | 2013-12-21 00:00:00

The revenue board's efforts to find out household owners and businesses without TIN faced a blow due to the ongoing political turmoil and blockades. In January-October period, the tax offices were able to net some 1,22,000 new taxpayers across the...

Stocks return to red after two weeks

Babul Barman | 2013-12-21 00:00:00

The stock market returned to the red last week after gaining marginally in the previous two weeks as investors followed 'wait-and-see' approach, keeping in line with gloomy political and economic outlook. The presence of investors was also thin on the...