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EU ministers urge Ukraine to stop bluffing on Tymoshenko

Richard Balmforth of Reuters | 2013-11-04 00:00:00

Two European Union ministers urged Ukraine late last month to stop "bluffing" and reach a deal on the release of jailed former Prime Minister Yulia Tymoshenko because time was running out. Polish Foreign Minister Radoslaw Sikorski and Sweden's Carl Bildt...

NATP\\\'s slow progress irks minister

Rezaul Karim | 2013-11-04 00:00:00

The agriculture minister has expressed her dissatisfaction at the slow progress of National Agricultural Technology Project (NATP), official sources said. Matia Chowdhury at the ministry's recent Annual Development Programme (ADP) review meeting expressed her dissatisfaction over NATP's poor implementation, official...

WB for more pvt sector involvement for improving port performance

Syful Islam | 2013-11-04 00:00:00

The World Bank (WB) has suggested increased private sector involvement in improving performance of the ports in Bangladesh, sources said. The WB suggestion came after the Ministry of Shipping (MoS) sought  its assistance for construction of the Karnaphuli container terminal...

Tanners bear brunt of int\\\'l buyers\\\' safety concerns

Badrul Ahsan | 2013-11-04 00:00:00

The local leather goods exporters are facing fallouts from the industrial disasters in the ready-made garment (RMG) sector, as the international buyers have become cautious about the safety standards in the leather processing industry as well. The most of the...

BB allows new agency to assess SME credit risks

Siddique Islam | 2013-11-04 00:00:00

The central bank has allowed one more credit rating agency alongside the seven such agencies already operating in the country. The Bangladesh Credit Rating Agency Ltd. would assess the SME credit risks as the external credit assessment institution (ECAI) in...

NBR to offer VAT exemption to local firms

Doulot Akter Mala | 2013-11-04 00:00:00

The revenue board has decided to offer Value Added Tax (VAT) exemption to local companies participating in international tenders as provided to foreign companies in a bid to ensure a level-playing field. The VAT wing of the National Board of...

Legal complexities delay Drug Policy review

Shamsul Huda | 2013-11-04 00:00:00

A government move to review the country's drug policy hangs in the balance due to some legal complexities, sources said. The ministry of health and family welfare is unable to proceed with the formulation of a revised drug policy following...

Standards support rapid economic growth

Md. Abu Abdullah | 2013-11-04 00:00:00

This year the theme for the World Standards Day was 'International Standards ensure positive change.' A standard is an agreed way of doing something. It could be about manufacturing a product, managing a process, delivering a service or supplying materials....

Transparency, good governance vital for political stability

M Jalal Hussain | 2013-11-04 00:00:00

Economic development of a developing country is dependent on political stability. Democratically and industrially developed countries around the world enjoy fruits of such stability. However, they do not feel the pains of political instability. Rather they enjoy the gains of...

Contribution from high-achieving expatriates

Neil Ray | 2013-11-04 00:00:00

The inauguration of the country's first bone-marrow transplantation centre at the Dhaka Medical College Hospital (DMCH) on October 20 has opened up a new horizon in the area of cancer treatment here. But the man behind this highly advanced facility...

Banks enter \\\'discomfort zone\\\'

Shamsul Huq Zahid | 2013-11-04 00:00:00

None would dispute the fact that the country's banking institutions are not in a good shape. The rot began in the days following the collapse of the stock market in December 2010. The problem surfaced mainly because of over-exposure of...

Destination uncertain

Syed Jamaluddin | 2013-11-04 00:00:00

The prospect of holding the forthcoming general election with the participation of all parties appears to be uncertain. The ruling Awami League is preparing itself for the election. They will sell nomination papers from November 10. Their parliamentary board and...

Curb on NZ milk products goes as health scare evaporates

Doulot Akter Mala | 2013-11-03 00:00:00

The government has withdrawn the restriction on entry of powder milk imported from New Zealand into the country, as it has been found that none of the consignments had contained any toxic ingredient as feared. The ministry of commerce (MoC)...

DoE fines private health facilities

Khalilur Rahman | 2013-11-03 00:00:00

The Department of Environment (DoE) has taken action recently against a private hospital and a diagnostic centre in the city on charge of violating environmental laws. According to a press report, Salahuddin Specialised Hospital Limited in Tikatuli area was found...

Profit earning by leading pharma cos on track

Shah Alam Nur | 2013-11-03 00:00:00

The profits of leading pharmaceutical companies of the country during the January-September period of the current calendar year (2013) recorded a respectable growth despite political turmoil, industry insiders said. They said the country's pharmaceutical companies have made profits ranging between...

If Manmohan-Modi meeting possible, why not that between Hasina and Khaleda?

Zaglul Ahmed Chowdhury | 2013-11-03 00:00:00

Indian Prime Minister Dr. Manmohan Singh and his arch political rival, Narendra Modi recently had a meeting in Ahmedabad in the western Indian state of Gujarat. They discussed different national issues, even when their respective parties are preparing for the...

Where is the Bali WTO Ministerial headed?

Toufiq Ali | 2013-11-03 00:00:00

The media has begun to draw attention to the next World Trade Organisation (WTO) Ministerial - to be held at Bali, Indonesia from December 03 to 06.  This is the ninth Ministerial since the establishment of the WTO on January...

Six IT firms earn CMMi Level3 certification

Shamsul Huda | 2013-11-03 00:00:00

A good number of local information technology (IT) firms have earned both local and foreign clients' confidence by developing world class software and earning CMMi Level3 certification. The certification proves that local software developing firms are capable of maintaining international...

Omnipotent currency and international trade

Md Jamal Hossain | 2013-11-03 00:00:00

The duel between free trade and protectionism is not unknown to even lay people and this is the one of the never ending debates in economics. From time to time, people have raised deep doubt about free trade and are...

Suffering of garments workers: Where is the end?

Talukdar Rasel Mahmud | 2013-11-03 00:00:00

The export oriented ready-made garment (RMG) sector has emerged as the biggest earner of foreign currency, contributing immensely to the economy of Bangladesh. It has experienced an exponential growth since the 1980s. At a time when jute and jute goods...

Mess in education sector

MM Khaleed Ahsan | 2013-11-03 00:00:00

Almost all praise that the education ministry in Bangladesh has done a good job during the incumbent government, but how much is it true? Quality teachers are the heart for the development of education sector for all the countries. In...

Exploiting best resources through education

Salahuddin Ahmed | 2013-11-03 00:00:00

A few days back I was watching television at home. Suddenly, on one channel I found our cable provider started to telecast local advertisements. I was going to change the channel, but it drew my attention when they started to...

Govt moves to repair seed stores, recover land

Rezaul Karim | 2013-11-02 00:00:00

The government has moved to repair about 2600 seed stores across the country that have become dilapidated due to lack of maintenance as well as to recover grabbed land, official sources said. The ministry is taking steps to recover seed...

Govt moves to lower cost of remittance sending further

Syful Islam | 2013-11-02 00:00:00

The government has moved to reduce further the cost of transferring remittance from abroad, sources said. The ministry of finance (MoF) recently asked the central bank to inform it about the steps now in force for reducing the remittance-sending cost,...

BSCIC set to cancel allotment of unutilised plots at industrial parks

Talha Bin Habib | 2013-11-02 00:00:00

The management of Bangladesh Small and Cottage Industries Corporation (BSCIC) is set to cancel the allotment of unutilisied plots at the industrial parks if they are not developed by the year- end, officials said. According to them, after a long...

Biman losing huge revenue due to corrupt practice by staffs

Jamal Uddin | 2013-11-02 00:00:00

Biman Bangladesh Airlines is being deprived of a significant amount of revenue on account of excess baggage due to corrupt practices of a section of staffs dealing with the service. The Biman authorities have gotten the proof of the allegation...

Share prices shoot up despite 60-hr shutdown

Babul Barman | 2013-11-02 00:00:00

Stocks took a sharp flight with significant improvement in turnover last week, breaking straight four weeks of losing streak despite 60-hour countrywide shutdown enforced by opposition parties. Market operators said the investors went for buying spree almost throughout the week...

Laws fail to protect garment workers

Talukdar Rasel Mahmud | 2013-11-02 00:00:00

Six months have already passed. Still we are grieving the tragedy of the Rana Plaza collapse in Savar on April 24, 2013 that killed 1,133 workers and crippled another 1,500. About 2,438 were rescued alive with 316 missing. Many people...

FRA versus international practices

Gopal C Ghosh | 2013-11-02 00:00:00

The proposed Financial Reporting Act (FRA) has been of much interest to the stakeholders after its approval in principle by the cabinet. Debates have been sparked over its purpose and the way it has been drafted. The Institute of Chartered...

Tears for the rivers of Bangladesh

Sarwar Md Saifullah Khaled | 2013-11-02 00:00:00

Bangladesh, a deltaic region of the Indian subcontinent, was famous for its ebbing mighty rivers and their innumerable tributaries with waters full to the brim. The tradition, culture, society, economy and the life system of people of the country were...