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Ensuring transparency and accountability in the financial sector

Abu Sayed Md. Shaykhul Islam | 2014-07-03 00:00:00

The era of self-regulation of the financial audit profession in America and Europe came to an end following bad things done by the big corporate giants like Enron, WorldCom, Tyco, Adelphia, Sunbeam etc. in the beginning of this century. Stakeholders...

Let the laggards dream

Abdul Bayes | 2014-07-03 00:00:00

In connection with a profile on village transformation, we visited Parandah. The village is under Satkhira district. Given the most recent turmoil there that shocked the nation, the choice for Satkhira was not appreciated by many of our well-wishers. But...

Afghanistan: Will democratic transfer of power be possible?

Zaglul Ahmed Chowdhury | 2014-07-03 00:00:00

The preliminary result of the June 14 run-off of Afghanistan presidential election, which was scheduled to be announced on Wednesday, was postponed on Tuesday at a short notice. The country's election commission said that this was done to allow ballots...

Focus on the developmental goals of central banks

Shah Md. Ahsan Habib concluding his two-part article on the 17th World Congress of the International Economic Association (IEA) | 2014-07-03 00:00:00

It was nice to hear appreciation of policy machinery of one's own country in a global forum especially when it happens to be a prestigious platform of the World Congress of the International Economic Association (IEA). On June 08, 2014,...

Over 1,000 RMG factories face unrest ahead of Eid

Shah Alam Nur | 2014-07-03 00:00:00

Garment manufacturers have identified over 1,000 factories that risk labour unrest ahead of the Eid-ul-Fitr over payment of wages and festival allowances. The Bangladesh Garment Manufacturers and Exporters Association (BGMEA), the apex trade body of the apparel makers, identified the...

Stocks down amid lower turnover

FE Online Report | 2014-07-02 00:00:00

The first trading day of this fiscal year closed lower Wednesday as investors continued to book short-term profit on selected stocks amid cautious transactions. DSEX, the prime index of the Dhaka Stock Exchange (DSE) -- ended at 4,466.62 points, shedding...

Stocks see upward trend at opening

FE Online Report | 2014-07-02 00:00:00

The prices of most of the shares on Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) saw upward trend in early hours of trading on Wednesday. DSEX, the prime index of the DSE went up by 10.99 points or...

NBR tax rates on land transfer revised upward

Doulot Akter Mala | 2014-07-02 00:00:00

The National Board of Revenue (NBR) has finalised new tax rates for transfer of land across the country. However, the board has increased the tax rates on posh and commercial land in major urban centres substantially. The new tax rates...

Why should BSC pay more?

Shamsul Huq Zahid | 2014-07-02 00:00:00

The largely state-owned Bangladesh Shipping Corporation (BSC) has, reportedly, signed a commercial deal with a Chinese firm to procure three bulk carriers and three oil tankers. Each of the bulk carriers, having a capacity of 36000 DWT (deadweight tonnage), would...

PCBs\\\' operating profits show uptrend in H1

Siddique Islam | 2014-07-02 00:00:00

The operating profits of the country's private commercial banks (PCBs) showed an upward trend in the first half (H1) of the current calendar year (2014). According to the bankers, the profits increased, as interest rates on deposits were lower than...

Tobacco, tax increase and tobacco industries: A conundrum

Md Jamal Hossain | 2014-07-02 00:00:00

Recently, people raised the demand that the government should raise the tax on tobacco to such an extent that higher tax compels people to lower consumption of tobacco products. Some strongly supported this step and expressed highly optimistic view that...

Sushma Swaraj\\\'s visit to Dhaka

Syed Jamaluddin | 2014-07-02 00:00:00

The June 25-27 visit of the Indian External Affairs Minister Sushma Swaraj to Bangladesh has set the tone of bilateral relations between the two countries under the new political dispensation in New Delhi.    It has been agreed that the two...

Let energy subsidy reach the targeted poor

Shah Md. Ahsan Habib in the first of a two-part article on the 17th World Congress of the International Economic Association (IEA) | 2014-07-02 00:00:00

The 17th World Congress of the International Economic Association (IEA), held at the Dead Sea, Jordan, recently facilitated interaction among prominent economists for getting a global perspective on issues of global economic importance. About 650 participants from a large number...

Software export may miss target

Shamsul Huda | 2014-07-02 00:00:00

Official software-export performance may miss the target in the fiscal year (FY) 2014, after a steady growth of the trade in the knowledge economy in last four years till FY13, sources said. Currently, the government maintains only the official data...

Cool response to BGMEA move to create a central workers\\\' database

Shah Alam Nur | 2014-07-02 00:00:00

The initiative of the BGMEA, the apex body of the apparel sector, to create a central workers' database is yet to get any headway in absence of positive responses from many of its member factories, according to industry insiders. Only...

Licences in wrong hands put BRTA digital project at risk

Munima Sultana | 2014-07-01 00:00:00

The much-vaunted digital licensing system of the Bangladesh Road Transport Authority (BRTA) was apparently yielding little effect as the licences were being left in wrong hands in many cases, sources said. Awarding genuine driving licences to unskilled people without following...

Mexican pain and Greek tragedy

Maswood Alam Khan from Maryland, USA | 2014-07-01 00:00:00

Both Mexicans and Costa Ricans speak Spanish. Spanish-speaking Americans who supported Mexico in the World Cup were shattered when they found their team defeated by the Netherlands. With a defeated heart as they were watching the next game between Greece...

Imperatives for sustainable agricultural growth

Shamsul Alam | 2014-07-01 00:00:00

Agriculture covers all the sub-sectors of crops, fishery, animal husbandry and forestry. In the wake of declining share of contribution of agriculture to GDP (Gross Domestic Product), agriculture sector must play an essential role in food and nutritional security for...

Risking reputation on tainted money

Shamsul Huq Zahid | 2014-07-01 00:00:00

The finance minister has made a somersault, once again, on the issue of black money. He has, as in the past, reneged on his promise and kept the provision of whitening black money in the national budget. "You can be...

Iraq again in throes of instability

Zaglul Ahmed Chowdhury | 2014-07-01 00:00:00

The fighting in Iraq has escalated as the government forces have launched intense counter-attack to regain the territories lost to the Sunni rebels. Meanwhile, Iraqi party leaders have planned delicate talks to find a successor to Prime Minister Nouri al-Maliki....

BSC buying vessels at higher prices

Syful Islam | 2014-07-01 00:00:00

The Bangladesh Shipping Corporation (BSC) has initiated a process of buying from China three bulk carriers, each having capacity of 36,000 DWT (deadweight tonnage) at a cost of US$27 million. The move has raised questions over their higher prices compared...

Govt plans summit in Sept to draw FDI

Badrul Ahsan | 2014-07-01 00:00:00

The government is set to arrange a regional investment summit in September to attract more foreign direct investment (FDI) in the country, sources said. They said 500-600 investors from home and abroad will take part in the summit. According to...

Philippines stirring tensions after Aquino supports Japan: China

Sui-Lee Wee and Ben Blanchard of Reuters from Beijing | 2014-07-01 00:00:00

China last week accused the Philippines of creating tension in the region and urged Manila to show "sincerity" in upholding stability after President Benigno Aquino welcomed Japan's more assertive military policy. Japanese Prime Minister Shinzo Abe made it clear he...

Stocks end flat amid choppy trading

FE Online Report | 2014-06-30 00:00:00

Stocks closed flat with marginal loss on Monday amid choppy trading as investors booked quick profit after previous session’s sharp gain. Profit-taking weighed on some selected stocks on the last trading session of the fiscal year 2013-2014. DSEX, the prime...

Stocks stocky

FE Online Report | 2014-06-30 00:00:00

The prices of most of the shares at the country's both bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – rose in early hours of trading on Monday, the second trading day of the week. The DSE...

TCB steps up market intervention

Talha Bin Habib | 2014-06-30 00:00:00

The state-run Trading Corporation of Bangladesh (TCB) has increased the number of trucks to 28 from 25 in the capital for selling essentials during the ongoing month of holy Ramadan following good response from the consumers, an official said Sunday.  ...

Bangladesh can be world\\\'s largest food exporter

Ismail Hossain back from Khulna | 2014-06-30 00:00:00

A mega-size modern marketing chain is evolving in Bangladesh under the auspices of a foreign aid-provider-turned-trade facilitator that sees prospect of this country to become world's biggest exporter of farm foods.         Salidaridad with the support from the Netherlands Embassy in...

Ramadan for introspection and empathy

Maswood Alam Khan from Maryland, USA | 2014-06-30 00:00:00

Immersed in a whirlwind life that is always cluttered up by chaotic businesses when at times we are disconnected with our creator we need some moments, some mediums to plug us right back in. Ramadan is a month that provides...

The Bangkok Declaration: A roadmap for disaster reduction

Mohammed Norul Alam Raju | 2014-06-30 00:00:00

The 6th biennial Asian Ministerial Conference on Disaster Risk Reduction (AMCDRR) was held from June 22 - 26, 2014 in Bangkok, Thailand. It was organised by the Thai government in collaboration with the United Nations Office for Disaster Risk Reduction...

Teachers indeed!

Neil Ray | 2014-06-30 00:00:00

Teachers are no longer the teachers they were decades ago in this part of the world. Nor are they expected to be in a country where values and ideals have become a great casualty of avarice and consumerism. Their aberration...