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Banks\\\' classified loans reach Tk 567.2b in Q3

Siddique Islam | 2013-11-08 00:00:00

The amount of classified loans in the country's banking system marked a gradual rise throughout this calendar year and reached Tk 567.20 billion in the third quarter (July-Sept), which is nearly 13 per cent of the total outstanding loans. Senior...

Govt move to expand \\\'one house, one farm\\\' project

Talha Bin Habib | 2013-11-08 00:00:00

The government has initiated a move to push forward the ongoing 'Ektee Bari, Ektee Khamar (One House, One Farm)' project through increasing the number of Gram Unnayan Samity (village development associations) to make the rural people self-reliant, officials said. "There...

BSEC empowered to formulate own annual budget

Mohammad Mufazzal | 2013-11-08 00:00:00

The ministry of finance (MoF) has empowered the securities regulator to formulate its own annual budget without taking the approval of the government, officials said. The latest move taken by the MoF comes following a strong demand made by the...

Beware of these dream merchants

Syed Ashraf Ali | 2013-11-08 00:00:00

My good old neighbour, Alec Talukder suffered a setback in the share market where, he lamented, bad people took away his money through manipulation of share prices. He recently again came very close to be hooked --well, almost -- by...

Human endeavours and excellence redefined

Nilratan Halder | 2013-11-08 00:00:00

This is called the digital era with the electronic wonder machine, computer taking the centre stage. Long before it another such electronic gadget, television, came to radically change the lifestyle of people. The introduction of cable TV in particular has...

Modernising rickshaws for safety on roads

Md. Shamsul Arefin | 2013-11-08 00:00:00

The unchanged features of a cycle-rickshaw have been still persisting probably since its first inception. Primarily, it has now become a matter of serious safety concern under the current road traffic environment. The secondary issues like passengers' comfort and convenience...

Pak ties with Nato again on the rocks

Zaglul Ahmed Chowdhury | 2013-11-08 00:00:00

Pakistan's ties with the North Atlantic Treaty Organisation (NATO) remains topsy-turvy centring mainly the situation in the war-torn Afghanistan. This is because Pakistan plays a vital role in shaping up of the affairs in the country where the NATO forces...

Minimum wage for RMG workers

Syed Jamaluddin | 2013-11-08 00:00:00

The wage board has fixed the minimum wage for ready-made garment (RMG) workers at Tk 5,300 per month. This has given rise to agitation. Both garment owners and workers have rejected the proposed wage and declared programmes for movement. The...

Restaurant business counts cost of frequent strikes

Shah Alam Nur | 2013-11-07 00:00:00

Restaurant business in the country has been badly affected by frequent political shutdowns arising out of the standoff between the two major political parties ahead of the next general election. Although restaurants were always outside the purview of any general...

Strict enforcement of laws, rules suggested

Syful Islam | 2013-11-07 00:00:00

A government committee suggested strict enforcement of the existing laws and rules to compel non-compliant apparel factories to abide by the required workplace safety and welfare standards, sources said.  "Raising penalty won't bring any success unless the laws and rules...

BJCEL admits \\\'mistakes\\\'

Mohammad Mufazzal | 2013-11-07 00:00:00

The authority of the proposed Bangladesh Jute and Commodity Exchange Limited (BJCEL) has finally admitted their 'mistakes' about the announcement of launching the commodity exchange without taking regulatory permission, officials said. The Bangladesh Securities and Exchange Commission (BSEC) has also...

Govt approves nat\\\'l blood policy to stop malpractices

Shamsul Huda | 2013-11-07 00:00:00

The government has finalised a national blood policy, incorporating penalty provisions, for ensuring safe transfusion of blood and checking its illegal trade. The policy also includes a series of measures to prevent the existing malpractices in transfusion and uses of...

SoCBs\\\' average credit growth turns negative

Siddique Islam | 2013-11-07 00:00:00

The average credit growth of the four state-owned commercial banks (SoCBs) has recently entered into negative territory, following lower disbursement of fresh loan to their clients. Repayment of loan against the Bangladesh Petroleum Corporation (BPC), maintaining a cautious attitude in...

ACC seeks to amend law

Doulot Akter Mala | 2013-11-07 00:00:00

A move is on to amend the law of the Anti-Corruption Commission (ACC) to enable the latter to have access to the taxpayers' information, at both individual and corporate levels, by withdrawing all the existing restrictions. It has been taken...

Mobility in rural areas

Abdul Bayes | 2013-11-07 00:00:00

The household-level endowment of land is very low in Bangladesh because of extreme population pressure. Bangladesh now supports a population of about 160 million with arable land of about 8.0 million ha. The latest Agricultural Census (BBS 1999) enumerated 17.8...

On violence during hartal

Talukdar Rasel Mahmud | 2013-11-07 00:00:00

Hartal is apparently the most important tool of the political parties in Bangladesh. The concept of hartal generally denotes a mass protest or a general strike that involves a voluntary closing of workplaces, offices, shops, schools and court of laws...

BD-NZ play only T-20 today

FE Online Report | 2013-11-06 00:00:00

Bangladesh will play their only T-20 cricket match against visiting New Zealand today at Mirpur National Stadium. The match is scheduled to begin at 1330 hrs local time (0730GMT).     Bangladesh squad includes: Abdur Razzak, Al-Amin Hossain, Anamul Haque, Mushfiqur Rahim,...

Final bid submission time extended again

Munima Sultana | 2013-11-06 00:00:00

Bidders short-listed for the Padma main bridge and river training works are buying time for submitting their final bids, leading to further delay in beginning the works on two main components of the project. The Bangladesh Bridge Authority (BBA), the...

Getting into troubles, unnecessarily

Shamsul Huq Zahid | 2013-11-06 00:00:00

What could be an auspicious beginning has been made controversial through imprudent move by the sponsors of the country's first commodity exchange and ignorance on the part of ministry of jute and textile. The ministry of jute and textile has...

Motorcyclist killed in Dohar road crash

Motorcyclist in Dohar road crash | 2013-11-06 00:00:00

A motorcyclist was killed and his co-rider injured as their vehicle hit a roadside tree at Nurpur intersection under Dohar Upazila of Dhaka district Monday night, reports UNB. The deceased was identified as Panai Pal (23), son of Pangkaj Pal...

Business registration at DCCI gathers steam

Mohammad Ali | 2013-11-06 00:00:00

The Dhaka Chamber of Commerce and Industry (DCCI) is witnessing 'satisfactory' responses to its recently launched service of issuing company registration from its office. Apart from the Registrar of Joint Stock Companies and Firms (RJSC), the people have been enjoying...

BD, Myanmar coastal vessel service to start in February

Syful Islam | 2013-11-06 00:00:00

Plying of coastal vessels between Bangladesh and Myanmar to carry goods will start in February next year, officials said. "I am optimistic that plying of coastal vessels between the two neighbours will start in February," said a senior official of...

Is France ready for Paris Protocol in 2015?

Quamrul Islam Chowdhury | 2013-11-06 00:00:00

French President's adviser for international negotiation on climate change and environment Madame Mariae-Helene Aubert made it very clear that France as the host of the UN climate conference in 2015 in Paris had already been preparing for mobilisation of all...

US finally backs the Cairo rulers as Morsi faces trial

Zaglul Ahmed Chowdhury | 2013-11-06 00:00:00

The United States has finally expressed its support for the interim rulers in Egypt as Secretary of State John F. Kerry told the military there that they were in the right track. The Obama administration appears to have taken long...

Focusing on economic management of hartal

Abul Basher | 2013-11-06 00:00:00

Bangladesh maintained a reasonably good growth performance during the last couple of years withstanding a number of domestic and international challenges. But the outlook does not look equally promising this year. Several economic observers and development partners have already expressed...

BSEC puts on hold commodity exchange project on legal grounds

Mohammad Mufazzal | 2013-11-05 00:00:00

The securities regulator has put on hold the activities of the proposed private commodity exchange until the issues regarding legality of such an initiative are resolved, officials said. The instruction came from the Bangladesh Securities and Exchange Commission (BSEC) just...

Courier service losing money transfer to mobile banking

Shah Alam Nur | 2013-11-05 00:00:00

Many of the country's courier service companies are going to shut their money transfer service due to drastic fall in transaction in recent times. In the last two years, money transfer through courier service fell by more than 95 per...

India throws rings of protection around Modi

Sanjeev Miglani of Reuters from New Delhi | 2013-11-05 00:00:00

Indian security forces are preparing for one of their most challenging assignments in decades, protecting prime ministerial candidate Narendra Modi in a country with a grim history of political assassinations. A series of small bombs killed six people at a...

IFC ready to finance \\\'green projects\\\' in BD

Munima Sultana | 2013-11-05 00:00:00

The International Finance Corporation (IFC) has opened up its financing offer for different sectors in Bangladesh, mainly textile and poultry, as the country's financial sector has developed capacity to analyze and finance the 'green projects'. IFC Director (South Asia) Serge...

Islamic banking and debate on religious status of bank interest

Afzalul Haq | 2013-11-05 00:00:00

There is a query whether the purpose of interest during the time of the Prophet (s) and that of today is the same or not. Reply to the query is usually required to assess whether Islamic banking, as a separate...