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ICAB asks NBR to provide list of CA firms involved in ‘false auditing’

Mohammad Ali | 2013-12-01 00:00:00

The Institute of Chartered Accountants of Bangladesh (ICAB) has expressed zero level tolerance to any kind of unethical audit practice by its members as the revenue board recently claimed such professional misconduct. The institute also requested the NBR to provide...

Uncertainties over VAT payment by end-users

Akhter Zamil | 2013-12-01 00:00:00

Value Added Tax (VAT) is initially payable to the government by three categories of people-the manufacturers or producers, suppliers and then the buyers and service providers apart from the end-users. The time schedule for payment of VAT by classified people...

Politics beyond egotism

Md Abdullah Al Helal | 2013-12-01 00:00:00

Citizens of the country, irrespective their occupations, are passing through a hard time due to extreme political unrest. Political violence has reached an intolerable state and no one is feeling safe as the fallout from violence is seriously affecting the...

Beyond MDGs: An universal agenda

Salman Sakir | 2013-12-01 00:00:00

The Millennium Develop-ment Goals (MDGs) are eight international development goals that were established in 2000. An initiative of the United Nations, the MDGs have led to significant improvement in welfare of citizens around the world. Countries like Bangladesh, Ghana and...

Sharp rise in e-TINs as tax return deadline nears

Doulot Akter Mala | 2013-11-30 00:00:00

The National Board of Revenue (NBR) has witnessed a sharp rise in registration online for taxpayers' identification numbers (TINs) ahead of the December 1 deadline for submission of individuals' income tax returns. A total of 817,000 taxpayers registered online for...

ICB mulling ICB Islamic Bank takeover

Syful Islam | 2013-11-30 00:00:00

The state-run Investment Corporation of Bangladesh (ICB) is mulling taking over management of the ICB Islamic Bank Ltd through acquiring majority shares of the bank, sources said. In this regard, the ICB is in the process of buying 52.76 per...

A review of CPD\\\'s critique of the economy in FY 2014

Shamsul Alam | 2013-11-30 00:00:00

The paper Bangladesh Economy in FY 2014: Three Months after the Budget, Three Months before the Elections prepared by the Centre for Policy Dialogue (CPD), which was released to the press on October 22, 2013, mainly discusses about (i) what...

Making shareholders literate in auditing

Muhammad Aminul Hoque | 2013-11-30 00:00:00

Recently, this writer attended an annual general meeting of a listed company. Among the six agenda that were on the to-do list of the meeting, the second was the adoption of the financial statements. Before adopting the financial statements, shareholders...

TICFA: Issues, realities and possible fallouts

Md Joinal Abedin | 2013-11-30 00:00:00

Bangladesh singed the Trade and Investment Cooperation Framework Agreement (TICFA) with the USA on November 25th 2013. Mahbub Ahmed, Commerce Secretary to the government of Bangladesh and Wendy Cutler, Acting Deputy US Trade Representative signed the agreement on behalf of...

TICFA: Issues, realities and possible fallouts

Md Joinal Abedin | 2013-11-30 00:00:00

Bangladesh singed the Trade and Investment Cooperation Framework Agreement (TICFA) with the USA on November 25th 2013. Mahbub Ahmed, Commerce Secretary to the government of Bangladesh and Wendy Cutler, Acting Deputy US Trade Representative signed the agreement on behalf of...

Absence of seed DNA patent law endangers investments

Shamsul Huda | 2013-11-30 00:00:00

The government in its new draft seed policy has emphasised on registering patent rights of the parentage line seed and their DNA fingerprinting to protect investments in this sector, officials said. But Bangladesh is yet to enact law under intellectual...

PCBs elbowing out BPO in e-money service

Badrul Ahsan | 2013-11-30 00:00:00

Electronic Money Transfer Service (EMTS) of Bangladesh Post Office (BPO) is gradually losing its market share in the face of rapid expansion of various mobile money transfer services by private commercial banks (PCBs) and other operators, a high official said....

Stocks break gaining streak

Babul Barman | 2013-11-30 00:00:00

Stocks went down last week, breaking the fourth straight week of gaining streak as the investors went for selling spree amid political turmoil across the country. The presence of investors was thin on the trading floor almost throughout the week...

Enhancing children\\\'s capacity for coping disaster

Khabirul Haque Kamal | 2013-11-30 00:00:00

Disaster is a regular phenomenon and part of life and livelihood in the world including Bangladesh. Most of the year Bangladesh encounters manmade or natural disasters like flood, tornadoes, cyclone, river erosion, fire etc where children are a highly vulnerable...

The agony of admission-seekers and parents

Nilratan Halder | 2013-11-30 00:00:00

This is the time when students' fate is decided. Apart from those sitting for school final examinations of different classes, young learners appear for two public examinations of class V and class VIII. But the anxiety, agony and turbulence students...

India accepts BSTI certificates for only 15 BD export items

Syful Islam | 2013-11-29 00:00:00

Neighbouring India accepts certificates of the Bangladesh Standards and Testing Institution (BSTI) only on 15 export items while the most other items in the export basket miss the facility. Traders said the non-tariff barrier was impeding Bangladesh's exports to India...

14 banks see Q3 capital shortfall on higher NPLs

Siddique Islam | 2013-11-29 00:00:00

Fourteen commercial banks faced a shortfall of capital in the third quarter to September last of the current calendar year (CY) mainly due to the higher volume of non-performing loans (NPL), officials said. "The banks had to maintain more provisions...

Country\\\'s earnings to double this year

Jamal Uddin | 2013-11-29 00:00:00

The country's earnings from freelance IT outsourcing are expected to double this calendar year over last year, mainly due to active participation of the young professionals, coupled with cost advantages. Insiders expect the industry to fetch foreign exchange to tune...

Banks maintaining a stiff policy in promoting ecological balance

Mohammad Ali | 2013-11-29 00:00:00

Country's banks are maintaining a stiff policy in promoting the ecological balance as per the central bank orders while disbursing loans which, many believe, would help the industries grow on sustained basis. Many also noted that assessment of environmental risk,...

Warsaw talks: Concerns over climate finance

Sultana Yesmin | 2013-11-29 00:00:00

The high-level ministerial dialogue on climate finance, namely Warsaw Climate Change Conference, took place from November 20-23  at Warsaw in Poland to pave the way for a new global climate deal. The two-part ministerial dialogue was mandated by the Conference...

Containing seasonal rural unemployment

Shahana Bilkis | 2013-11-29 00:00:00

Rural economy is marked by shortage of job opportunities twice a year before each harvesting season. Thousands of day labourers face extreme hardship because of limited work opportunity and suffer from seasonal hunger during these times. Such seasonal unemployment is...

Women\\\'s representation in parliament is not all

Nilratan Halder | 2013-11-29 00:00:00

In terms of women's representation in national parliament worldwide, Bangladesh ranks 71st among 188 countries, according to the Inter-parliamentary Union (IPU). On the face of it, the ranking -- eight slots ahead of the United States of America (USA) --...

Arab Spring: Looming spectre of confusion and crisis

Md. Abdullah AL Mamun | 2013-11-29 00:00:00

The phrase 'Arab Spring' has become a buzzword since the early 2011, when mass revolts took place in most of the northern African Arab countries. This series of revolt was initiated by a Tunisian vegetable vendor, Mohamed Bouazizi, on  December...

Potential risks of exporting merchandise

Syed Ashraf Ali | 2013-11-29 00:00:00

A broad spectrum of business community in Bangladesh are familiar with 'letter of credit'  but many are not aware of the nuances, complexities and, most importantly, the hidden risks of doing business through this system of settling cross border payments....

Offer to run BTMC mills under PPP gets poor response

Shah Alam Nur | 2013-11-28 00:00:00

A government move to run the state-owned textile mills on the public-private partnership (PPP) basis did not yield any results due to poor response from private entrepreneurs, officials said.   None of the 18 units under the Bangladesh Textile Mills Corporation...

The mess Pakistanis made of themselves: Rise of the mullah

Zafar Hilaly from Karachi | 2013-11-28 00:00:00

Much of the news nowadays is bad. Pakistanis are leaving in great numbers; also fleeing the country is capital - as much as $25 million a day, while incoming foreign investment has been reduced to a trickle. Multinationals like Shell...

Ups and downs of the share market

Syed Jamaluddin | 2013-11-28 00:00:00

The share market was rising fast in the first two years of this government. But an unprecedented decline occurred in the third year. It continued in the fourth year. In the final year, political instability influenced the market. In overall...

Beyond legal lacunas

Shamsul Huq Zahid | 2013-11-27 00:00:00

Country's stock market, these days, hardly makes front-page news headlines. After the great crash of 2010, the media took interest for sometime in the developments involving the probe into the stock market scam by the Khandaker Khaled Ibrahim committee and...

The significance of TICFA for BD

Habibullah N Karim | 2013-11-27 00:00:00

At 10 in the morning USA Eastern Standard Time Monday Bangladesh and the USA executed the Trade and Investment Cooperation Forum Agreement (TICFA) after nearly 12 years of wrangling. In the intervening period and even after the signing of the...

Construction material prices up despite poor demand

Badrul Ahsan | 2013-11-27 00:00:00

Prices of all types of construction materials have increased significantly despite poor demand in the face of ongoing political turmoil mainly due to the unholy activities by mill authorities and the wholesalers, retailers and users said. According to different market...