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Forced lending to China SMEs may risk more harm than good

Pete Sweeney and Gabriel Wildau of Reuters from Shanghai/Wenzhou | 2013-11-27 00:00:00

Beijing's strategy to reroute money away from state-owned giants towards smaller firms to help fuel the economic transformation behind its reform plans is less of a success than it may seem on the surface. Lending has increased in line with...

Russia: Where has all the money gone?

William E Pomeranz of Reuters | 2013-11-27 00:00:00

Russian President Vladimir Putin has had a good run over the past few months. Edward Snowden, the former NSA contractor, landed on his doorstep, a gift from the PR gods. Agreement on Syria went from no chance to golden opportunity...

JICA assures BD of higher support

Munima Sultana | 2013-11-27 00:00:00

The Japan International Cooperation Agency (JICA) will continue its financial and technical cooperation to Bangladesh, considering the country's importance in the region and in connecting Japan with Europe through different Asian countries. Dr Takao Toda, chief representative of Japan International...

B\\\'desh to put satellite in orbit to do away with high rent charges

Shamsul Huda | 2013-11-27 00:00:00

Spending money to rent satellite links for the growing number of television channels and other purposes has for some time been on the increase by ten per cent every year in the country, sources said. In the year 2011, the...

Mobile operators brace for tough contest with BWA licencees in data business

Jamal Uddin | 2013-11-27 00:00:00

Country's mobile phone operators are bracing for a tough competition with their BWA (Broadband Wireless Access) counterparts in data based business due to providing dedicated broadband internet service facility to the BWA licencees. Following recent BWA guideline amendment, the BWA...

Unemployment triggers political and social unrest

M Jalal Hussain | 2013-11-27 00:00:00

A common agenda of political leaders, politicians, economists, entrepreneurs and professionals all over the world is how to control and truncate the unemployment rate, and how to generate new jobs.   Writing for the World Socialist web site, Kate Randall observes:...

Fallout of unrest over RMG minimum wage

Shahana Bilkis | 2013-11-27 00:00:00

Recent incidents like fire in the Tazreen Fashions, the Rana Plaza collapse and suspension of GSP facilities in the US market have rendered exports of apparel from Bangladesh more challenging than before. After all these events, several market analysts foresaw...

UN climate body gets mandate to assist developing countries

Quamrul Islam Chowdhury in Warsaw | 2013-11-27 00:00:00

Good news from the COP-19, UN Climate Change Conference 2013, which concluded in Warsaw, Poland on November 23. All clouds surrounding climate-induced loss and damage are now over! After decades of debate, emotional and heated arguments, an international mechanism on...

Private companies allowed to get more foreign loans

Siddique Islam | 2013-11-26 00:00:00

Private companies will be able to get access to more foreign loans -- amounting to an aggregate sum of US$71.75 million -- from overseas sources shortly to help expand their business activities, officials said. Twelve cases for their obtaining loans...

BD, US sign TICFA deal

Syful Islam | 2013-11-26 00:00:00

Bangladesh and the USA signed the much-talked-about Trade and Investment Cooperation Forum Agreement (TICFA) deal in Washington on Monday aiming to bolster bilateral trade and investment, officials said. Bangladesh's commerce secretary Mahbub Ahmed and United States Deputy Trade Representative Wendy...

Bangladesh seeks investment for telecom sector in ITU summit

Jamal Uddin back from Bangkok | 2013-11-26 00:00:00

Most of the third world countries including Bangladesh sought funding and investment opportunities from donor agencies and telecom giants for development of telecom infrastructure, especially for fiber optics connectivity. The authorities of those countries raised the issue at the "Connect...

Process of reviewing mid-term budgetary expenditure begins

Rezaul Karim | 2013-11-26 00:00:00

The Ministry of Finance (MoF) has initiated the process of the reviewing the medium-term budgetary expenditure for the current fiscal year (FY) 2013-14, official sources said. Besides, the budgetary wing of the MoF will also project budgetary allocations for the...

Mohan Mia: A politician of exceptional qualities

Enamul Haq | 2013-11-26 00:00:00

In remembering Yusuf Ali Choudhury, popularly known as Mohan Mia, one is struck by the fact that since his death on November 26, 1971 at the age of 66, there has not appeared in our political scene another kingmaker so...

Economic uplift of the ultra poor

Abdul Bayes | 2013-11-26 00:00:00

Nur Banu, aged 35, can possibly hit headlines of newspapers on her heroic economic performance. Hers is a tale of how she graduated from ultra poor status to a moderate poor in her village in only two years.  It may...

Arms Trade Treaty: How far from expectation?

Sultana Yesmin | 2013-11-26 00:00:00

Following the dire need for non-proliferation of both nuclear and conventional weapons, world leaders -- mostly from the West -- have come forward to build a 'nuclear weapons-free world' by agreeing to an international arms trade treaty. This year, the...

Iran nuclear deal boosts world peace

Zaglul Ahmed Chowdhury | 2013-11-26 00:00:00

Major world powers and Iran have reached a landmark deal on Tehran's nuclear programme as the global community heaved a sigh of relief following the development, which is expected to remove a highly dangerous international source of tensions. The accord...

Can aquaculture net food security gains in Bangladesh?

Jacob Glass from Washington | 2013-11-26 00:00:00

It is difficult to find a country feeling the negative impacts of climate change more severely than Bangladesh. Name any alarming, seemingly far-off effect of a warming world being discussed in the halls of Washington or the summits of Copenhagen,...

Some CAs making false audit reports for corporate taxpayers, NBR finds

Doulot Akter Mala | 2013-11-25 00:00:00

The National Board of Revenue (NBR) has identified a section of Chartered Accountants (CAs) preparing fake and false audit reports causing substantial losses in corporate taxes to the public exchequer. In a recent study, the revenue board has found massive...

Gold smuggling all-time high

Shah Alam Nur | 2013-11-25 00:00:00

In the absence of an appropriate import policy on gold, Bangladesh is being used as a transit point for smuggling of the precious metal. The detection of smuggling bids this year has crossed all past records. Jewellers, police and customs...

NBR badgers MoC to allow board to clear imported cars older than 5 years

Syful Islam | 2013-11-25 00:00:00

The National Board of Revenue (NBR) is repeatedly requesting the ministry of commerce (MoC) for providing clearance permits (CPs) for cars older than five years, which will be a violation of the present import policy order, sources said. The government...

German finance minister says no more risks of contagion in euro zone

Michelle Martin of Reuters from Berlin | 2013-11-25 00:00:00

German Finance Minister Wolfgang Schaeuble said early this week that there were no longer any risks of contagion in the euro zone, and Greek Prime Minister Antonis Samaras stressed his country did not need a further bailout. Schaeuble said Greece's...

Five Kushtia villages form a rice hub serving country\\\'s needs

ZM Aminul Islam | 2013-11-25 00:00:00

JHENIDAH, Nov 24: Kaburhat, Dastopara, Ayilchara, Khajanagar and Ballavpur -- five interconnected villages of Battail union of Kushtia district covering four kilometres area beside Bottail-Poradah road have turned a big rice hub meeting a large-scale demand for rice throughout the...

BB continues to purchase US dollars from banks

Siddique Islam | 2013-11-25 00:00:00

The central bank has continued to purchase US dollars from the commercial banks directly aiming at keeping the inter-bank foreign exchange market stable, officials said Sunday. "We've strengthened our intervention in the foreign exchange (forex) market recently to protect the...

In pursuit of a treasure trove

Neil Ray | 2013-11-25 00:00:00

Saints and holy men are known for miracle dreams. There are others who try to present themselves as wielders of great spiritual or miraculous power. It is indeed difficult to differentiate the genuine holy men from the pretenders. When men...

Rationalising cost of doing business

Shamsul Huq Zahid | 2013-11-25 00:00:00

The crossing of 32-kilometre Sitakundu section of the Dhaka-Chittagong highway can be likened to the crossing of the world's largest ocean, the Pacific. This was how the head of the Bangladesh Foreign Trade Institute (BFTI) wanted to explain last Saturday...

Minimum wage in RMG sector from global perspective

Abul Basher | 2013-11-25 00:00:00

Most of them used to work as maids in urban kitchens, in most cases, for subsistence known as 'pete-bhate' in Bengali. Then came the opportunity to work in the manufacturing sector, more specifically, in the readymade garments sector (RMG). They...

Political stalemate: Is there still any chance for unlocking gridlock?

Zaglul Ahmed Chowdhury | 2013-11-24 00:00:00

Bangladesh is fast approaching its next general elections, but its overall political environment is charged with animosity and bitterness. Divergent positions, taken by the government and the main opposition alliance, under whose authority the polls will be held, has made...

NBR fears sharp fall in revenue collection

Doulot Akter Mala | 2013-11-24 00:00:00

The National Board of Revenue (NBR) fears a massive fall in revenue collection in the current fiscal year (FY), as all the major tax collection indicators are showing a negative trend amid the ongoing political turmoil. Tax collection from service...

Protecting rivers around metropolis

Khalilur Rahman | 2013-11-24 00:00:00

A large portion of the river Buriganga in Lalbagh area has been filled with earth. The site is now being used as a parking lot. A photograph published in a local daily on November 19 last showed how the river...

India behind AL: BNP

India behind AL: BNP | 2013-11-24 00:00:00

BNP sees an 'Indian hand' behind ruling Awami League (AL) acting tough against opposition parties and deciding to go ahead with polls without them, reports bdnews24.com. A senior leader of the party has accused the neighbouring country of provoking the...