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S'pore firm offers to raiseMongla port use capacity

Syful Islam | 2011-03-17 00:00:00

Syful IslamA Singaporean company has proposed to invest $750 million to develop the Mongla port with a view to raising the utilisation of the port's capacity, officials said Wednesday. Port Evolution Management Limited (Port-Evo), an agent of Singaporean port consultancy...

Enthusiasm and realism with nuclear power plant

Dr Aminul Islam Akanda | 2011-03-17 00:00:00

Dr Aminul Islam AkandaElectricity generation is a demand-led priority sector in Bangladesh. The country has a shortage of 1,500 to 2,000 megawatt (MW) electricity at present. It is estimated that there will be an additional demand for 21,000 MW by...

Marked rise in industrial credit disbursement

Siddique Islam | 2011-03-17 00:00:00

Siddique Islam Industrial credit disbursement recorded a significant rise by over 30 per cent in the second quarter (Q2) of the current fiscal compared to the corresponding period of the last fiscal, indicating an upward trend in investments. The disbursement...

Human beings are still helpless before nature

Zaglul Ahmed Chowdhury | 2011-03-17 00:00:00

Zaglul Ahmed ChowdhuryJapan, one of the most technologically advanced nations of the world that has shown its economic prowess on a global scale, is facing the worst situation since the world war II, with destruction of an unimaginable proportion to...

Dhaka decides not to open its service sector for now

Nazmul Ahsan | 2011-03-17 00:00:00

Nazmul AhsanBangladesh has decided not to open up its service sector immediately for the South Asian countries after examining the pros and cons of the more. The Ministry of Commerce (MoC) has decided not to commit any service sub-sector to...

Dhaka pushes for jt trade meeting with Yangon

Syful Islam | 2011-03-16 00:00:00

Syful Islam Bangladesh is interested to hold the joint trade commission (JTC) meeting with Myanmar sooner to boost imports from the Southeast Asian nation, which could ease Dhaka's commodity price, trade officials said. The government had earlier asked the commercial...

SEC finalises guideline on buy-back

Mohammad Mufazzal | 2011-03-16 00:00:00

Mohammad MufazzalThe securities regulator has finalised a guideline on buy-back by imposing two-year restriction on liquidity expansion in a move to help the government bring amendment in Companies Act 1994, officials said. The Securities and Exchange Commission (SEC) has designed...

Chinese firm may get feasibility study job for Karnaphuli tunnel

Munima Sultana | 2011-03-16 00:00:00

Munima SultanaThe ambitious project of constructing a tunnel under the Karnaphuli river will be placed before the cabinet purchase committee today (Wednesday) to get its nod for carrying out a feasibility study. The Bangladesh Bridge Authority (BBA) has undertaken the...

Dhaka to sign APTA services pact by June

Nazmul Ahsan | 2011-03-16 00:00:00

Nazmul AhsanThe country will a sign trade in services deal with several Asian and south-east Asian nations by June after the law ministry lifted its reservation about a key content of the proposed pact, officials said Tuesday. Law ministry had...

Dealing with corporate "dalals"

Shamsul Huq Zahid | 2011-03-16 00:00:00

Shamsul Huq Zahid The central bank, reportedly, issued last Monday a circular asking the banks not to force their borrowers to take policies from insurance companies of their (banks") choice. Such a circular, in fact, has been overdue for long....

Footwear sector witnesses robust growth

Badrul Ahsan | 2011-03-13 00:00:00

Badrul AhsanThe country's footwear sector has witnessed a handsome growth in the last couple of years as both foreign and local entrepreneurs invested big amount of funds to avail more shares in the global market. According to the Board of...

SEC moves to make training must for top stock traders

Mohammad Mufazzal | 2011-03-13 00:00:00

Mohammad MufazzalThe securities regulator is set to make training on capital market management a must for top officials of brokerages and merchant banks in an effort to help increase supply of quality professionals for the stock market. Chairman of the...

Arab League backs no-fly zone in Libya

Fazle Rashid | 2011-03-13 00:00:00

Fazle RashidNEW YORK, Mar 12: Gaddafi, least concerned about the loss of lives, used aircraft, tank and artillery fire, to recapture Zawiyah, a city under the control of the rebels which is close to country's largest oil refinery. The pledges...

Eradicating mosquito menace

Khalilur Rahman | 2011-03-13 00:00:00

Khalilur RahmanMosquito menace in Dhaka city has assumed an alarming proportion causing utmost sufferings to the residents. For quite a long time the Dhaka City Corporation (DCC) appears to be indifferent to eradicate the tiniest creatures. The only DCC activity...

Malaysia launches drive to woo Bangladeshi patients

Talha Bin Habib | 2011-03-13 00:00:00

Talha Bin Habib Malaysia has built up an affordable and high quality healthcare system over the last few decades in an effort to woo patients from across the globe, said Chief Executive Officer of Malaysian Healthcare Travel Council. Dr Mary...

Malaysia launches drive to woo Bangladeshi patients

Talha Bin Habib | 2011-03-13 00:00:00

Talha Bin Habib Malaysia has built up an affordable and high quality healthcare system over the last few decades in an effort to woo patients from across the globe, said Chief Executive Officer of Malaysian Healthcare Travel Council. Dr Mary...

Malaysia launches drive to woo Bangladeshi patients

Talha Bin Habib | 2011-03-13 00:00:00

Talha Bin Habib Malaysia has built up an affordable and high quality healthcare system over the last few decades in an effort to woo patients from across the globe, said Chief Executive Officer of Malaysian Healthcare Travel Council. Dr Mary...

Malaysia launches drive to woo Bangladeshi patients

Talha Bin Habib | 2011-03-13 00:00:00

Talha Bin Habib Malaysia has built up an affordable and high quality healthcare system over the last few decades in an effort to woo patients from across the globe, said Chief Executive Officer of Malaysian Healthcare Travel Council. Dr Mary...

BB ups policy interest rates to curb inflation image

Siddique Islam | 2011-03-11 00:00:00

Siddique Islam The central bank has increased its policy interest rates by fifty basis points after nearly eight months to curb inflationary pressures on economy, officials said Thursday. The interest rate on repurchase agreement (repo) was re-fixed at 6.0 per...

Removal of Yunus troubles US admn

From Fazle Rashid | 2011-03-10 00:00:00

From Fazle RashidNEW YORK, Mar 09: The New York Times (NYT) which has been following the Yunus-Government battle over "control" of the Grameen Bank, the bank founded by the Nobel Laureate, ran a four column story today on his removal...

IMF team proposes 'functional tax system' for NBR

Doulot Akter Mala | 2011-03-10 00:00:00

Doulot Akter MalaInternational Monetary Fund (IMF) Wednesday suggested the national board of revenue (NBR) to introduce a 'functional tax system' by separating each of its operational activities like tax collection, audit, taxpayers' service and prosecution, said revenue board officials. An...

Lending rate cap goes

Siddique Islam | 2011-03-10 00:00:00

Siddique Islam The central bank has withdrawn the cap on lending rate in all sectors barring two - agriculture and industrial term loan, officials said. Such a capping was enforced by it nearly two years back, officials said. "We've withdrawn...

OTC firms look for way to return to main market

Asaduzzaman Pallab | 2011-03-09 00:00:00

Asaduzzaman PallabThe companies, which are listed with the Dhaka Stock Exchange 'over the counter' (OTC) market, are acutely feeling the absence of specific guidelines to make a return to the 'main market', popularly known as the secondary one of the...

Govt gives nod to tax adminreform points placed by IMF

Doulot Akter Mala | 2011-03-09 00:00:00

Doulot Akter MalaThe government has agreed on some major points to reform the tax administration as per recommendation of the International Monetary Fund (IMF) providing US$ 1.0 billion External Credit Fund (ECF) for Bangladesh. The recommendations include introduction of new...

Govt seeks back five fish farms from GB

Syful Islam | 2011-03-09 00:00:00

Syful IslamThe Department of Fisheries (DoF) has sought back five fish seed multiplication farms from the Grameen Bank (GB), taken under lease agreement from the government in 1987, official sources said. The DoF director general in a letter last week...

Buy-back: Necessary but need not be a priority

Shamsul Huq Zahid | 2011-03-09 00:00:00

Shamsul Huq Zahid The stock market, after a continuous plunge for weeks, has bounced back. It is difficult to say how long the reverse trend would last. The decision, having strong support from the government, to float a Tk. 50...

BR raises ticket sale thru' cell phones by 15pc

Md Mazadul Hoque | 2011-03-08 00:00:00

Md Mazadul HoqueBangladesh Railway (BR) has scaled up ticket sale through cellphones by additional 15 per cent after the service proved to be efficient, an official said. The BR initially allowed Grameenphone and Banglalink to sell 10 per cent tickets...

BB assures SCBs of forex support to import essentials

Siddique Islam | 2011-03-08 00:00:00

Siddique Islam The central bank Monday assured the state-owned commercial banks (SCBs) of providing adequate foreign currency support for importing essential items, as the country's overall import marked a significantly fall in February. "We've given the assurance to the SCBs...

PM's action to be sought against Nijera Kori

Syful Islam | 2011-03-08 00:00:00

Syful IslamThe ministry of fisheries is going to write a letter to the Prime Minister today (Tuesday) to take action against 'Nijera Kori', a non-government organisation, for its alleged conspiracy against the country's shrimp industry, official sources said. Minister for...

0.5-3.0pc tax on excess properties under study

Doulot Akter Mala | 2011-03-08 00:00:00

Doulot Akter MalaThe NBR is planning to fix the rates of the proposed property tax from 0.5 per cent to 3.0 per cent on excess immovable properties in the metropolitan cities and urban areas. The National Board of Revenue (NBR)...