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ECB interest rates too low for Germany, says Bundesbank chief

Paul Carrel of Reuters from Frankfurt | 2014-07-21 00:00:00

The European Central Bank should tighten policy as soon as it can and its interest rates are too low for Germany, Bundesbank chief Jens Weidmann said, pointing to tensions in the united front the bank has presented since a major...

Japan PM Abe wants to hold summit with China at APEC

Elaine Lies of Reuters from Tokyo | 2014-07-21 00:00:00

Japanese Prime Minister Shinzo Abe said on Monday he wanted to hold a summit with China at the APEC leaders meeting in Beijing in November to improve relations strained by territorial and security issues, but drew a cool response from...

Modi feels heat from credit agencies, markets on budget

Frank Jack Daniel and Neha Dasgupta of Reuters from New Delhi/Mumbai | 2014-07-21 00:00:00

Prime Minister Narendra Modi is under pressure to perform on the economy after a budget packed with ambitious targets met mild scepticism from investors and credit-rating agencies and failed to dispel the latent risk of a downgrade. With varying degrees...

Stocks end lower

FE Online Report | 2014-07-20 00:00:00

Stocks ended lower Sunday after previous session’s flat movement as cash-hungry investors sold shares ahead of Eid festival. Only four trading sessions are left ahead of Eid vacation. DSEX, the prime index of the Dhaka Stock Exchange (DSEX) went down...

Stocks slip at opening

FE Online Report | 2014-07-20 00:00:00

The Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) witnessed downward trend in early hours of trading on Sunday, the first trading day of the week. DSEX, the prime index of the DSE, went down by 24.87 points...

Interest rate spread widens further in May

Siddique Islam | 2014-07-20 00:00:00

The interest rate spread in the country's banking sector widened further in May as most of the banks cut deposit rates, keeping their lending rates almost unchanged. The weighted average spread between lending and deposit rates offered by the commercial...

Will the perpetrators be brought to justice?

Zaglul Ahmed Chowdhury | 2014-07-20 00:00:00

A pall of gloom has descended over the globe for a unbelievably shocking incident. The aircraft of the Malaysian passenger airlines on way to Kuala Lumpur from Amsterdam was shot down over the sky of Ukraine, killing all the passengers...

BRICS bank: A challenge to World Bank, IMF?

Md. Azharul Islam | 2014-07-20 00:00:00

An agreement was signed among its member-states at the sixth BRICS summit meeting held in Fortaleza, Brazil on July 15, 2014 to establish a US$100 billion BRICS Development Bank. Scheduled to be based in Shanghai, China, the BRICS (Brazil, Russia,...

Reforming banking sector to become middle income country

Ajoy Paul | 2014-07-20 00:00:00

In a developing economy like that of Bangladesh, the banking system mainly mobilises and allocates financial resources directly to the ultimate beneficiaries in an institutional way and thereby enhances the country's economic growth. However, to establish good governance in banking,...

July 2014 tragedies: A plane crash and deaths in Gaza

Maswood Alam Khan from Maryland, USA | 2014-07-20 00:00:00

One hundred years back, on the morning of June 28, 1914, in the Bosnian capital of Sarajevo, a 19-year-old Bosnian nationalist named Gavrilo Princip shot and killed Franz Ferdinand and his wife Sophie. Franz Ferdinand was the future heir to...

Survey of marine resources brooks no delay

Saleh Akram | 2014-07-20 00:00:00

A landmark verdict by the Permanent Court of Arbitration (PCA), The Hague, on July 07 awarded Bangladesh an area of 19,467 square kilometres out of total 25,602 sq km under dispute with India in the Bay of Bengal. The PCA...

DSE asked to submit observations promptly

Mohammad Mufazzal | 2014-07-20 00:00:00

The securities regulator has asked Dhaka Stock Exchange (DSE) to submit their observations regarding the IPO (initial public offering) proposals promptly so that the regulator can evaluate observations while giving consent to IPO proposals, officials said. The Bangladesh Securities and...

Local branded apparel, leather goods replacing foreign ones

Shah Alam Nur | 2014-07-20 00:00:00

Local branded apparel and leather goods are gradually replacing the foreign ones. As a result, the volume of imported products has fallen sizeably in recent times, industry insiders said. For world-class quality and reasonable prices, customers now prefer local branded...

Separate directorate for madrasas, why not for secondary schools?

Masum Billah | 2014-07-20 00:00:00

Directorate of Secondary and Higher Education (DSHE) is the parent of junior secondary, secondary, madrasa and college level education of Bangladesh. The administration of these institutions across the country is run and controlled from DSHE exhibiting the typical form of...

Old TINs won\\\'t be valid for presentation at service points

Doulot Akter Mala | 2014-07-19 00:00:00

The holders of old tax identification number (TIN) would not be able to avail various services using the same from the current fiscal year as the tax authority has decided to make the e-TIN only valid for the purpose. Twenty-five...

China invites BD to join Asian infrastructure bank

Syful Islam and Rezaul Karim | 2014-07-19 00:00:00

China has formally invited Bangladesh to join its initiative to establish the Asian Infrastructure Investment Bank (AIIB) as a founder-member, sources said. The bank, with US$100 billion as its capital, is scheduled to make its debut by the end of...

Export of pharmaceutical products up by 20 per cent

Shamsul Huda | 2014-07-19 00:00:00

The export of pharmaceutical products over the last three fiscal years (FYs) increased on an average by 20 per cent every fiscal. The products are now being exported to more than ninety countries across the world. The exports stood at...

Stocks return to the fast lane

Babul Barman | 2014-07-19 00:00:00

Stocks returned to the green last week that ended Thursday after the previous week's major correction as optimistic investors took position on lucrative stocks. The investors were also stimulated with cashing out tendency throughout the week over upcoming Eid festival...

Why hurry for road repair now?

Shaikh Saleque | 2014-07-19 00:00:00

"Hurry spoils the curry" is a proverb and it looks like our policy-makers do not agree with the inherent message. If not, the dynamic communications minister would give a second thought before ordering the ministry officials and engineers to repair...

ATM booths to improve law and order

Md Jamal Hossain | 2014-07-19 00:00:00

We live in a society where corruption, robbing, stealing and mugging are increasing day by day. These problems often make the headlines in the dailies in our country. We have become almost accustomed to seeing news that somebody has been...

AIIB in Bangladesh perspective

SMR Arfanul Alam | 2014-07-19 00:00:00

The Asian Infrastructure Investment Bank (AIIB), proposed by Chinese President Xi Jinping and Premier Li Keqiang when they visited Southeastern Asian countries in October of 2013, is being seen as a threat to the Asian Development Bank's dominance in this...

Harnessing youths\\\' potential for development

Sazedul Islam | 2014-07-19 00:00:00

Young people in any country represent the future of that country. They have a vital role to play in the development of the country - a duty they must perform. There are many ways that youth can contribute to national...

Rebuilding railway network

Md Shamsul Arefin | 2014-07-19 00:00:00

To make train a popular mode of transport only ensuring comfortable, safe and economical journey is not enough. Easy accessibility and connectivity with the railway stations from all locations of the city are also important. Therefore, a short trip to...

Newspaper industry passing thru\\\' tough time

Masum Billah | 2014-07-19 00:00:00

The newspaper industry has been passing through a tough time. Can it compete with the electronic media? Both audio and visual needs satisfying the demand of the readers are met through electronic media. The advertisements also gain momentum in electronic...

Love and piety decide value of a gift

Nilratan Halder | 2014-07-19 00:00:00

A great festival brings both the best and the worst in man. One of the reasons why economy goes bubbling at this time is that people go on a spending spree. The 'shopaholics' in particular are so frenzied about their...

Hefty TCB subsidy yields little impact

Rezaul Karim | 2014-07-18 00:00:00

The large sum of money given by the government in subsidy to the Trading Corporation of Bangladesh (TCB) every year appears to have largely gone to waste as it yielded little benefit to the people. The amount of subsidy for...

Further trade liberalisation under SAFTA in the offing

Syful Islam | 2014-07-18 00:00:00

Trade and Economic Affairs Ministers from eight South Asian countries will meet in Thimpu next week to decide on further trade liberalisation under the South Asia Free Trade Area (SAFTA) agreement, sources said. Before the meeting titled 'SAFTA Ministerial Council',...

BSEC identifies areas of discord with BB

Mohammad Mufazzal | 2014-07-18 00:00:00

The securities regulator has opposed some clauses in the proposed Finance Company Act (FCA), 2014 to avoid possible conflicts with the central bank while regulating subsidiaries of finance companies, officials have said. The Bangladesh Securities and Exchange Commission (BSEC) submitted...

MRA to seek new restructured organogram with more posts

Ismail Hossain | 2014-07-18 00:00:00

The microcredit regulator is going to seek restructured and expanded new organogram of 265 positions instead of previously proposed organogram of 207 posts to meet the demand of the sector which has expanded substantially over the years. The new organogram...

Girl Summit in UK on July 22

Munima Sultana | 2014-07-18 00:00:00

Bangladesh is going to participate in the Girl Summit in the United Kingdom as a progressive partner and highlight the government's commitment to eliminate child marriage by incorporating it in visions 2021 and 2040, sources said. They said though the...