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Nadine Gordimer: Writer and anti-apartheid activist

Masum Billah | 2014-07-18 00:00:00

South African author and 'crusader for equality', Nadine Sylvia Gordimer passed away peacefully in her sleep on July 13, 2014, at her home in Johannesburg at 90 years of age. The country's ruling African National Congress (ANC) praised her as...

Honesty in public life a rare quality

Zaglul Ahmed Chowdhury | 2014-07-18 00:00:00

These days honesty in public life appears to be a rare quality, although it has not completely vanished. Simplicity is missing from politics much to the concern and anxiety of the people, who want to see a clean image of...

Eliminating threat to safe foods

Nilratan Halder | 2014-07-18 00:00:00

The day the High Court issued directives, binding as it is on the government, to bring an end to the malpractice of chemical treatment of fruits, a factory producing spurious ghee (clarified butter) at the city's Begumbazar was unearthed by...

Applying \\\'knowledge management\\\' in banks for buoyancy

M Jalal Hussain | 2014-07-18 00:00:00

The recent large-scale financial scams in banks and financial institutions in Asian countries including Bangladesh, in Africa, the European Union and the United States and the ethical scandals from Enron to WorldCom, have brought to the fore once again the...

Banking sector: Beware of scamsters

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

'Robbery' and 'misappropriation' are two different words having quite a similarity in meaning. But sometimes we get confused as the dividing line between the two often gets blurred. The embezzlement of funds that happened in the banking sector over the...

Jordan reluctant to host US-led Syria rebel training

Mark Hosenball, Missy Ryan and Warren Strobel of Reuters from Washington | 2014-07-18 00:00:00

Jordan, where the US Central Intelligence Agency has been covertly training Syrian rebels for more than a year, is reluctant to host an expanded rebel instruction program, US officials said. Jordan's reticence, confirmed by four US officials, is a potentially...

Stocks close flat amid choppy trading

FE Online Report | 2014-07-17 00:00:00

Stocks ended flat on Thursday amid choppy trading throughout the session as investors followed cautious stance. DSEX, the prime index of the Dhaka Stock Exchange (DSEX) ended at 4,392.15 points, gaining only 2.79 points or 0.06 per cent from previous...

Stocks see positive trend at opening

FE Online Report | 2014-07-17 00:00:00

The prices of most of the shares on Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) saw positive trend in early hours of trading on Thursday, the last trading day of the week. DSEX, the prime index of the...

Taxing interest on securities backfires

Siddique Islam | 2014-07-17 00:00:00

Both market operators and the central bank are in favour of withdrawing the recently-imposed upfront tax on interest on government securities in order to maintain the development of the bond market. According to them, such tax is creating an adverse...

Govt to cancel licences of 16 cos

Syful Islam | 2014-07-17 00:00:00

The government is set to cancel the licences of nearly a half of the 32 private companies, given approval to import or build container vessels for inland water transport sector, sources said. The decision is taken, as some 11 companies...

UN under secy gen Ladsous due on July 22

Munima Sultana | 2014-07-17 00:00:00

Under Secretary General (USG) of the United Nations' Department of Peacekeeping Operations (DPKO) Hervé Ladsous is expected to arrive in the city on a three-day visit to Bangladesh on July 22. This will be the first visit of the USG...

Bangabandhu Satellite Project may get final govt nod by month-end

Khairul Islam | 2014-07-17 00:00:00

The much- hyped Bangabandhu Satellite project is expected to get final nod from the government by the end of this month, a top official working with the project said. The project has been revived as the Prime Minister (PM) Sheikh...

Rural women\\\'s economic empowerment

Sarwar Md. Saifullah Khaled | 2014-07-17 00:00:00

Bangladesh is predominantly a rural economy with about 80 per cent of the people living in rural areas. Women constitute nearly half of the total population and half of its potential. For ages they have been the co-builders of civilisations...

Ranking of banks

Khaled Mahmud Raihan | 2014-07-17 00:00:00

My attention has been drawn on a report regarding the ranking of banks in a daily newspaper where it ranked top ten banks among the 29 listed private commercial banks based on their published annual reports for the year 2013....

How to face flood disasters

Md Rezaul Karim | 2014-07-17 00:00:00

Judging from all available information and data on meteorological changes, it can be predicted that frequency, intensity and severity of floods will increase in Bangladesh in future. It is indeed certain that whenever any natural disaster strikes, it affects the...

Who will broker peace between Israel and Palestine?

Maswood Alam Khan from Maryland, USA | 2014-07-17 00:00:00

There was a glimmer of hope in an Egyptian-proposed cease-fire. But the cease-fire collapsed on Tuesday and Israel has resumed its air strikes in the Gaza Strip. Gaza medical officials say 191 Palestinians, including at least 150 civilians, among them...

ICAB to take actions against CAs

Mohammad Ali | 2014-07-17 00:00:00

The Institute of Chartered Accountants of Bangladesh (ICAB) has started actions against about a dozen Chartered Accountants (CAs) and CA firms for their professional misconducts, sources at the institute said. The ICAB Council initiated the move in line with recommendations...

Japan economics minister warns of premature QE exit, sees room for more easing

Leika Kihara and Yuko Yoshikawa of Reuters from Tokyo | 2014-07-17 00:00:00

Japanese Economics Minister Akira Amari warned that it would be premature for the Bank of Japan to consider an exit strategy from its massive stimulus programme, voicing hope instead for further monetary easing if achievement of its inflation goal falls...

India disallows Reliance from cost recovery of $2.4b

Nidhi Virma of Reuters from New Delhi | 2014-07-17 00:00:00

India has disallowed Reliance Industries Ltd from recovering $2.376 billion invested to develop offshore gas fields in the D6 block on the country's east coast as output has fallen drastically and is way below the promised volumes, the oil minister...

Stocks turn green amid high turnover

FE Online Report | 2014-07-16 00:00:00

The country's two bourses returned to the green on Wednesday after previous session’s negative trend as optimistic investors took position on lucrative stocks. The capital markets opened with a positive trend that continued till the sessions closed. Eventually, the DSEX,...

Stocks close higher amid high turnover

FE Online Report | 2014-07-16 00:00:00

The stock market returned to the green on Wednesday after previous session’s negative trend as optimistic investors took position on lucrative stocks. The market opened with a positive note which continued till the closure. Eventually, the DSEX, the prime index...

Stocks open positive

FE Online Report | 2014-07-16 00:00:00

The Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) witnessed positive trend in early hours of trading on Wednesday, the fourth trading day of the week. DSEX, the prime index of the DSE, went up by 19.02 points...

Footwear sales sluggish, craze for Chinese shoes

Badrul Ahsan | 2014-07-16 00:00:00

Transactions in the city's footwear outlets are yet to pick up ahead of the holy Eid with locally produced items facing tough competition with Chinese ones, traders said. They said sales in their shops dropped by more than 40 per...

CCH : Where \\\'Faltus\\\' are indispensable!

Shamsul Huq Zahid | 2014-07-16 00:00:00

All concerned do know that nothing would get into or move out of the Chittagong port without the greasing the palms of a section of corrupt port and customs officials. The direct victims of the evil practice, the exporters and...

Withholding tax on life insurance policy benefits draws flak

Doulot Akter Mala | 2014-07-16 00:00:00

The decision to levy tax at the rate of 5.0 at source on the return received in excess of the premiums at maturity of life insurance policies has given rise to some complexities. In the budget for the fiscal year...

Inter-MFI interest rate capped at 10pc

Ismail Hossain | 2014-07-16 00:00:00

The microcredit regulator directs the country's micro finance institutions (MFIs) not to charge interest at more than 10 per cent rate during inter-MFI transactions.  The Microcredit Regulatory Authority (MRA), in its recent guideline on the inter-MFI transaction, said the guideline...

MoU on building BCIM corridor soon

Munima Sultana | 2014-07-16 00:00:00

Bangladesh prepares to develop the necessary infrastructure in its part of the proposed 3000-kilometre economic corridor connecting Bangladesh, China India and Myanmar (BCIM) with China's assistance, as the proposal is already approved. Officials said the Ministry of Communications (MoC) has...

Achieving targeted GDP growth

Saleh Akram | 2014-07-16 00:00:00

Since Finance Minister AMA Muhith tabled the Finance Bill (Budget) 2014-15, the media has been flooded with streams of comments and views. Economists, planners and financial experts have converged to dissect the budget, highlighting its merits and demerits, strengths and...

Modi and South Asian cooperation

Shariful Islam | 2014-07-16 00:00:00

The invitation sent to the heads of governments of the SAARC member states to attend the swearing-in ceremony of Prime Minister-elect Narendra Modi at his insistence and the quick response from these countries signal a positive message for promotion of...

International community fails to check Israeli aggression

Zaglul Ahmed Chowdhury | 2014-07-16 00:00:00

While slogans like "Shame Israel Shame" and "Free Palestine - Free Gaza" rent the air across the globe - from Australia to India - from Europe to the Middle East  condemning the brutalities of Israel in Gaza, the international community...