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Dhaka\\\'s 13-pt proposal to Delhi for easing trade thru\\\' land ports

Doulot Akter Mala | 2013-10-22 00:00:00

Bangladesh placed Monday a 13-point proposal to India including introduction of car pass system in all customs houses, lifting of port restrictions on goods and exchange of information and relevant customs data. The proposals were made at the ninth meeting...

Malaysia\\\'s Najib entrenches power as reform drive fades

Stuart Grudgings and Niluksi Koswanage of Reuters from Kuala Lumpur | 2013-10-21 00:00:00

Internal voting for top posts in Malaysia's ruling coalition at the weekend have proved Malaysian Prime Minister Najib Razak to be a canny survivor - five months after a poor showing at national elections - but at a cost to...

Europe\\\'s bold vision hits trouble

Luke Baker and Paul Carrel of Reuters from Brussels/Frankfurt | 2013-10-21 00:00:00

Barely a year after European leaders set out an ambitious vision for the euro zone's future, progress has all but stalled and pressure is building for what may amount to a 'make or break' moment for the union. The idea...

The nuclear industry\\\'s trillion dollar question

Muriel Boselli and Geert De Clercq of Reuters from Paris | 2013-10-21 00:00:00

In the inbox of Petr Zavodsky, director of nuclear power plant construction at Czech power group CEZ are three sets of proposals from American, French and Russian consortiums, all angling for a $30 billion contract to build five new reactors....

Russia for forming JTC with B\\\'desh

Talha Bin Habib | 2013-10-21 00:00:00

Russia has proposed to Bangladesh to form a Joint Trade Commission (JTC) aiming to boost bilateral trade, a high official said.   With this end in view a high-powered Russian business delegation will visit Bangladesh soon. "Russia has proposed to us...

1,000 BSCIC plots lying vacant in four divisions

Badrul Ahsan | 2013-10-21 00:00:00

Nearly 1,000 industrial plots of BSCIC are lying vacant despite high demand for those among both local and foreign investors due mainly to various bottlenecks prevailing in the industrial estates, officials said. Insufficient gas and power supply, poor infrastructure and...

SoCBs look to value \\\'client relations\\\' for support to private jute mills

Syful Islam | 2013-10-21 00:00:00

State-owned commercial banks (SoCBs) are less interested in providing to private jute mills the same facilities they offer to such public sector mills, sources have said. Rather, the SoCBs want to address the issues individually based on bank-customer relations, according...

Strengthening EU-LDC ties for climate-smart development

Quamrul Islam Chowdhury | 2013-10-21 00:00:00

The historical ties between 28-member European Union and 49 least developed countries (LDCs) should be strengthened to achieve climate-smart development. This is also vital for cutting back global carbon emissions to stabilise the global temperature rise below 2 degrees, preferably...

Sohag Gazi rewrites cricketing history

Neil Ray | 2013-10-21 00:00:00

By his own admission Sohag Gazi made it explicit that it would take sometime before his momentous achievements sink in. This is quite a frank admission by the Bangladeshi all-rounder because no other cricketer in the 136-year history of Test...

Hunger on the retreat

Shamsul Huq Zahid | 2013-10-21 00:00:00

Bangladesh has improved its ranking in the Global Hunger Index (GHI), prepared jointly by the International Food Policy Research Institute (IFPRI), Concern Worldwide and Welthungerhilfe. It has scaled its position up by 10 steps to secure the 58th position in...

Overall import rises significantly in Sept

Siddique Islam | 2013-10-21 00:00:00

The country's overall import increased significantly in September over the previous month mainly due to higher import of food gains particularly rice and wheat, officials said Sunday. "Import of different essential products including capital machinery and back-to-back imports for readymade...

US wants to know measures taken on GSP action plan

Rezaul Karim | 2013-10-21 00:00:00

The United States Trade Representative (USTR) has requested Bangladesh to inform US within November 15 of the measures taken in line with Generalized System of Preferences (GSP) action plan, official sources said. "The USTR will review Bangladesh's progress in respect...

Uncertainty in achieving VAT collection target

Doulot Akter Mala | 2013-10-21 00:00:00

The Large Taxpayers Unit (LTU) of VAT wing is limping with acute shortage of skilled manpower and logistics support causing uncertainty about achieving the targeted 40 per cent growth in revenue collection in the current fiscal year. The wing which...

Standoff over election takes toll on tourism

Ismail Hossain | 2013-10-20 00:00:00

The country's restive political situation, uncertainty and standoff over election have taken their toll on tourism during the two main religious festivals of the country--- Eid-ul-Azha and Durga Puja. The arrival of foreign tourists and movement of domestic ones have...

Improvement of Indian land customs stations to be sought

Rezaul Karim | 2013-10-20 00:00:00

Bangladesh will give 17-point proposals to India on customs-related issues including development of infrastructure of the latter's land customs stations (LCS), official sources said. Besides, India will also submit 15-point proposals to Bangladesh for consideration. A high-level Indian delegation, led...

BD\\\'s cotton consumption will rise due to export growth of RMG, yarn

Shah Alam Nur | 2013-10-20 00:00:00

Cotton consumption in Bangladesh will increase significantly in the current fiscal year (FY) 2013-14 due to continued export growth of readymade garment and yarn. Industry insiders said to meet the growing demand for yarn and fabric in the international and...

Pakistan polio outbreak puts global eradication at risk

Kate Kelland of Reuters from London | 2013-10-20 00:00:00

A Taliban ban on vaccination is exacerbating a serious polio outbreak in Pakistan, threatening to derail dramatic progress made this year towards wiping out the disease worldwide, health officials say. Health teams in Pakistan have been attacked repeatedly since the...

ADB loan disbursement for stock mkt may face delay

Mohammad Mufazzal | 2013-10-20 00:00:00

The second installment worth $ 150 million out of the $ 300 million loan from the Asian Development Bank (ADB) under the Capital Market Development Programme-II (CMDP-II) may face difficulties for not fulfilling the condition regarding the introduction of the...

Financial inclusion goals: Barriers and challenges

Chowdhury Mohidul Haque | 2013-10-20 00:00:00

The term, 'Financial Inclusion', has gained importance all over the world from the beginning of this century. Four goals of universal financial inclusion were identified. These are, first, access at a reasonable cost for all households to a full range...

Chinese Yuan: A strong international currency on the horizon

Syed Ashraf Ali | 2013-10-20 00:00:00

The name 'yuan' — the basic unit of the Chinese currency, renminbi -- does not readily strike a chord in the ears of many of us here in Bangladesh. We will, however, soon begin to see it carving a big...

Dealing with illegal housing projects

Khalilur Rahman | 2013-10-20 00:00:00

Sale of plots in unauthorised housing projects in and around Dhaka city continues unabated. An exclusive report by one of the special correspondents of the Financial Express and published in the issue of the FE on October 15 last, says...

Political impasse—Is PM\\\'s address a glimmer of hope?

Zaglul Ahmed Chowdhury | 2013-10-20 00:00:00

Undeniably, Bangladesh is now passing through a critical juncture of its history as an independent nation for more than four decades. Politically, the country stands at a crossroads as only seldom - probably, never before -- it faced as complex...

Tanners hopeful of zero smuggling of rawhides, skin to India this year

Ismail Hossain | 2013-10-15 00:00:00

The country's tanners have hoped there would not be any smuggling this year as rawhides and skin are to be collected during the Eid-ul-Azha at higher prices than those in India. The Border Guard Bangladesh (BGB) also has taken special...

BD to fully depend on local billets in two years

Shamsul Huda | 2013-10-15 00:00:00

Bangladesh will fully depend on locally manufactured billets within two years as large investments have been made by some market players, said steel mill owners. Billets, metal bars in semi-finished state, are the main raw materials for manufacturing steel products...

Making the world free of chemical weapons

Masum Billah | 2013-10-15 00:00:00

The Norwegian Nobel Committee has awarded its 2013 Peace Prize to a modest and little-known United Nations-backed organisation that has attracted sudden attention with a mission to ensure that Syria's stocks of chemical weapons are eradicated. "We were aware that...

Stable Taka should not lull Bangladesh into complacency

Syed Ashraf Ali | 2013-10-15 00:00:00

Pakistan and India, the two nuclear armed archrivals, normally accustomed to fighting each other at regular intervals, are both currently engaged in a fight of a different kind. The fight this time around is to halt the free fall of...

Overall imports rise by 7pc in July-August

Siddique Islam | 2013-10-15 00:00:00

The country's overall imports grew by nearly 7.0 per cent in the first two months of the current fiscal year (FY), 2013-14, following a 96.81 per cent increase in import of food gains, particularly rice and wheat, officials said. "The...

Probashi Kallyan Bank to function as commercial bank

Talha Bin Habib | 2013-10-14 00:00:00

The management of 'Probashi Kallyan Bank' (expatriates' welfare bank) has taken initiative to function as a commercial bank, official sources said. With this end in view the bank is preparing a draft following the directives of the banking division under...

SoBs lag far behind PCBs in modern technologies

Badrul Ahsan | 2013-10-14 00:00:00

The state-owned commercial banks (SoBs) of the country are lagging far behind the private ones in terms of use of advanced technologies. It has mainly been attributed to the government's alleged interference, mismanagement and some other bureaucratic tangles, insiders said....

Bull fattening essential but not in improper way

Neil Ray | 2013-10-14 00:00:00

A daily newspaper has carried in its back page a few picture of bulls -all in agony with their frames helplessly sprawling on the ground and the four legs protruding sideways. The animals, however, look apparently healthy. One cannot be...