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Allocation of rice, atta for OMS may be increased

Talha Bin Habib | 2013-11-17 00:00:00

The ministry of food (MoF) is likely to increase the present allocation of rice and atta (flour) under Open Market Sale (OMS) programme in the capital following high demand of the items, a high official said. Earlier, Chief Controller of...

Frequent hartals compel exporters to go for air shipment of RMG, other goods

Shah Alam Nur | 2013-11-17 00:00:00

Air shipment of readymade garments and other goods increased significantly in recent times due to the frequent countrywide shutdown as a sequel to the restive political situation in the country causing hike in export cost. To avoid the chaos and...

Verdict likely within Nov 28

Mohammad Ali | 2013-11-17 00:00:00

Final result of another legal fight on the securities regulator's much-talked about notifications on mandatory 2.0 per cent share holding requirement is expected to come out within November 28, 2013. The Appellate Division has set the timeframe for the High...

Stocks close higher for third straight week

Babul Barman | 2013-11-17 00:00:00

Stocks closed higher for the third straight week on the bourses that ended Thursday last with turnover improving further amid growing investors' confidence and apparent stability in the market.  "The market ended positive riding on renewed enthusiasm over banks and...

Keeping indoors green with greenery

Md. Shamsul Arefin | 2013-11-17 00:00:00

We are usually more concerned about air quality outside our homes but much less concerned about it inside. We do not understand why we feel sick on a regular basis and why we develop symptoms that worsen over time.  In...

Duty on newsprint set to be halved

Doulot Akter Mala | 2013-11-15 00:00:00

Customs duty (CD) on import of newsprint is set to be reduced to 5.0 per cent from 10 per cent to help print media cut their production cost. Besides, another proposal on declaration of the print media as an industry...

Canadian buyers to raise RMG import from BD by 20pc

Syful Islam | 2013-11-15 00:00:00

Canadian buyers have assured Bangladesh of raising apparel imports by 20 per cent if globally accepted standards of safety and security in the factories are ensured, sources said. Bangladeshi diplomats in Ottawa recently met senior executives of two major Canadian...

What hartal means for the economy

Liton Chandro Sarkar | 2013-11-15 00:00:00

Hartal politics has become pervasive in Bangladesh. It has become part of our life. Frequent hartal programmes and work stoppages are being viewed from different angles. This is Bangladesh, a country where normalcy seems a distant dream, and where hartal...

We miss you Humayun Ahmed

Zaglul Ahmed Chowdhury | 2013-11-15 00:00:00

November 13 is the 65th birth day of celebrated writer and film maker Humayun Ahmed. It is not too long ago that he left the world on a journey of no-return. The news of his death in a New York ...

Gender parity for socio-economic development

Nilratan Halder | 2013-11-15 00:00:00

That Bangladesh's ranking at 86th on the Global Gender Gap Index 2012 among 135 countries surveyed and at 111th on the Gender Inequality Index 2012 is far better than India and Pakistan is cold comfort. With double the GDP (gross...

The spring of our hope

Mizanur Rahman Shelley | 2013-11-15 00:00:00

By all counts, this, indeed, is "the beginning of 'the winter' of our discontent." Politics in Bangladesh has never been simple, smooth and easy. Nevertheless, since the resurrection of parliamentary democracy in the country during the early 1990s, the political...

Country\\\'s imports fall significantly

Siddique Islam | 2013-11-14 00:00:00

The country's overall imports fell significantly in October over the previous month due mainly to the ongoing political turmoil centring the next general election, officials said Wednesday. Opening of letters of credit (LCs) against imports, generally known as import orders,...

47 exporters to get N’al Export Trophy for FY \\\'11

Badrul Ahsan | 2013-11-14 00:00:00

The government has selected a total of 47 exporters to award them National Export Trophy for the fiscal year 2010-11 in recognition of their outstanding contribution to the country's export trade, officials concerned said. Prime Minister Sheikh Hasina is expected...

Production at manufacturing industries badly affected

Shah Alam Nur | 2013-11-14 00:00:00

Disruption in the supply of raw materials due to the recent countrywide shutdowns has badly affected production at most of the country's manufacturing units, industry insiders said. They said the owners could not transport the imported raw materials, which had...

UAE wants to sign MoU for deep-seaport construction

Syful Islam | 2013-11-14 00:00:00

The United Arab Emirates (UAE) wants to sign a memorandum of understanding (MoU) immediately to further construction of a deep-seaport in Sonadia on government to government (G-to-G) initiative, sources said. The Gulf state earlier expressed its interest to invest in...

BEZA seeks fund for land acquisition in Mongla zone

Shamsul Huda | 2013-11-14 00:00:00

The authority concerned has sought funding from the government for acquisition of land for setting up an economic zone in Mongla. The Bangladesh Economic Zones Authority (BEZA) already sent a proposal to the ministry of finance (MoF) seeking Tk 470...

Prevention and control of NCDs

Muhammad Abdul Mazid on the occasion of the World Diabetes Day | 2013-11-14 00:00:00

The prevention and control of non-communicable diseases (NCDs) constitute a development issue that low-income countries in South Asia are already facing. Both country-level  and regional-level strategies are important because many of the issues and challenges of mounting an effective response...

Economic stability ahead of general elections

Shahana Bilkis | 2013-11-14 00:00:00

Bangladesh generally goes through a routine cycle of turbulence during election times. Both the ruling and opposition parties take a confrontational stand to realise their demands, causing sufferings to the common people and hurting the economy. The upcoming election is...

Let RMG work as engine of economic growth

Abdul Bayes | 2013-11-14 00:00:00

The readymade garment (RMG) workers have long been on the streets chanting slogans and attacking factories for a reasonable minimum wage. Undoubtedly they need a wage that meets their minimum living costs and thus promotes their productivity. The owners have...

The changing rules of engagement

M. Serajul Islam | 2013-11-14 00:00:00

These are definitely not the best of times and certainly the worst of times.  We are seeing human character at our worst and nothing could have underlined this deterioration in our human values more detestably than the way 14-year-old Monir...

Fresh accord for elevated expressway next week

Munima Sultana | 2013-11-13 00:00:00

The Bangladesh Bridge Authority (BBA) is going to sign fresh agreement with its private foreign partner for the Dhaka Elevated Expressway (DEE) project next week. The new accord is needed as the entire design of the public-private partnership (PPP) project...

Choosing the right kind of borrowers

Shamsul Huq Zahid | 2013-11-13 00:00:00

The size of non-performing loans (NPLs) in the country's banking sector as of September 30 last stood at Tk. 567 billion, which is equivalent to nearly 13 per cent of the total outstanding loans. The size itself made news headline...

Capital flight through capital machinery import suspected

Doulot Akter Mala | 2013-11-13 00:00:00

A significant rise in import of capital machinery in recent months has raised doubts among the customs authorities and economists over flight of capital through over-invoicing by a certain quarter sensing political transition. While both local and foreign investment scenario...

Q1 trade deficit shrinks by 32pc over export growth

Siddique Islam | 2013-11-13 00:00:00

The overall trade deficit of the country narrowed by more than 32 per cent in the first quarter of the current fiscal year (FY) due mainly to higher growth in export earnings, officials said Tuesday. The overall trade deficit came...

EPB gets cos\\\' lukewarm response for DITF \\\'14

Badrul Ahsan | 2013-11-13 00:00:00

The Export Promotion Bureau (EPB) is set to start Dhaka International Trade Fair (DITF) 2014 from 1st January despite concern over its success amid the ongoing political turmoil ahead of the general election, said officials concerned. EPB, under the Ministry...

National quality policy: Experience from three countries

Md. Abu Abdullah | 2013-11-13 00:00:00

The government has taken an initiative to formulate the Bangladesh National Quality Policy. A 20-member core group has been formed by the Ministry of Industries, with representatives from different ministries and divisions, to draft a policy paper. Why do we...

Enhancing education in Bangladesh

William Westgate | 2013-11-13 00:00:00

It is a widely accepted understanding that education leads to the wealth and prosperity of any nation. Of course, while that may be a simple truth it is far from easy to deliver.  Firstly, one must ask what type of...

Why is the price of our RMG exports declining since 2005?

Abul Basher | 2013-11-13 00:00:00

The wage commission has set the minimum wage for the ready-made garment (RMG) workers at Tk. 5,300 for a new entrant notwithstanding the dissenting position of the representatives of the manufacturers. The manufacturers are solely responsible to pay whatever minimum...

Overall imports rise 9pc in Q1 on food grains

Siddique Islam | 2013-11-12 00:00:00

The country's overall imports grew by nearly 9.0 per cent in the first quarter (Q1) of the current fiscal year (FY), 2013-14, mainly due to higher import of food grains, particularly rice and wheat, officials said. "The overall imports increased...

Testing facilities in country still lagging behind

Shamsul Huda | 2013-11-12 00:00:00

Testing facilities for products and services in a growing export oriented country like Bangladesh is still lagging behind. The testing laboratories under different ministries of the government including Bangladesh Standards and Testing Institute (BSTI) and private level local and foreign...