India disallows Reliance from cost recovery of $2.4b

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

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

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

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

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!

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

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

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

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

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

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

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...

Shanghai most likely hqs for BRICS dev bank

Shanghai looks set to become the headquarters of a development bank being launched by the BRICS emerging market nations, despite fears by some members of the group that China could hijack the bank to serve its interests. Brazil, China, India,...

In Malaysia, Islam\\\'s legal advance divides families and nation

Deepa Subramaniam would not let go of her son, clinging to five-year-old Mithran's leg even as the car into which he had been bundled began to accelerate. The 30-year-old, a Hindu in Muslim-majority Malaysia, says she was dragged along the...

Iran nuclear negotiators under pressure after Khamenei\\\'s speech

A major speech by Iran's Supreme Leader has limited the ability of the Iranian delegation at high-level nuclear talks to make concessions with six world powers and this could scuttle chances for Tehran to reach an accord to end sanctions,...

Italian textiles struggle to weave a new spell

Italy has fallen behind two groups of rivals in recent years: high-tech, high-end competitors in countries such as Germany and the United States, and low-end producers in places like China, Bangladesh and Turkey. The best place to see the latter...

Putin pledges to help Cuba explore offshore oil

Russian President Vladimir Putin pledged to help revive Cuba's struggling offshore oil exploration last week at the start of a six-day tour of Latin America as Russia aims to reassert its influence on the communist-ruled island. Putin was joined in...

After decades of disappointment, Berlin\\\'s economy looks up

It has taken a quarter of a century longer than hoped but Berlin is now glimpsing the prosperity that was supposed to land in its lap after the Wall came down in 1989 and it was restored as the jubilant...

Stocks return to red

Stocks returned to the red on Tuesday, a day after upturn as investors followed cautious stance ahead of Eid festival. Only seven trading sessions are left ahead of Eid vacation. “Investors’ sentiment still remains shaky and their prompt need to...

Stocks see downward trend

Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) saw negative trend in early hours of trading on Tuesday amid volatility, the third trading day of the week. DSEX, the prime index of the DSE, went down by 0.34 points...

Overseas employment: Domestic linkages

Temporary movement of labour abroad for employment is a relatively new phenomenon in Bangladesh. It started a few years after the emergence of Bangladesh as an independent country on a modest scale. Only about six thousand people went abroad for...

BPC faces July crunch time

The Bangladesh Petroleum Corporation (BPC) is facing a big problem with managing its funding shortfall this month, as it takes a very small of amount of loan in line with the International Monetary Fund (IMF)-prescribed 'indicative target' (IT). Operation of...

Costly pvt sector plants to beat public ones

Power generation in the private sector has reached 45 per cent of the total production during the last seven years, and experts say gradually the private sector will outbid the public sector in terms of production. Against the country's current...

Govt prepares project to reach internet services to rural areas

The government is set to lay optical fiber network in all of its offices at district, upazila and union parishad with a view to spreading internet services to the grassroot level across the country, sources said. According to the sources,...

Gender-responsive budget

Men and women have different socio-economic status and positions in our society and they play diverse roles and carry out distinct responsibilities. So, their needs should be considered differently. In general, a government of a country deals with the socio-economic...

Remittances and growing rural inequality

It is a piece of good news that readymade garment (RMG) exports hit record $25 billion in the immediate past fiscal year. This might upset the doomsayers who had forecast almost a forced exit of Bangladesh from the international market...

A Kennedy speaks for Bangladesh

I read a letter carried in USA's Huffington Post, a leading liberal online newspaper in the United States. It has been written by Bobby Kennedy's daughter Kerry Kennedy, one that will touch the heart of any Bangladeshi and make him/her...

Pride, pain, and change of loyalty in World Cup 2014

A very thrilling World Cup indeed. Germany very much deserved the win. A young, exuberant team who played with skill, pace, teamwork and drive, Germany put on a superb tournament. The win made Germany the first European team to prevail...

Environmentalists unimpressed by \\\'pro-corporate\\\' Indian budget

The new government's budget shows no real commitment towards the environment and is not transformational because it does not allocate enough funds towards promoting renewable energy or public transport and appears to favour corporates over people, environmentalists said on late...

BRICS bank to defy Western clout in global finances

Leaders of the BRICS emerging market nations meet next week to launch a development bank and emergency reserves fund, an ambitious challenge to Western-run multilaterals that have shaped global finances since the end of World War Two. Brazil, China, India,...