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B\\\'desh set to buy 2 ships from Russian co on G-to-G basis

Syful Islam | 2014-01-31 00:00:00

Bangladesh has taken a move to procure two vessels from Russia under Government-to-Government (G-to-G) arrangement to enrich the fleet of the state shipping corporation, sources said. A similar move to buy six other vessels for Bangladesh Shipping Corporation (BSC) from...

List of loan defaulter contestants in upazila polls being collected

Rezaul Karim | 2014-01-31 00:00:00

The Finance Ministry has issued a circular seeking a list of loan defaulting candidates for the upcoming fourth upazila parishad election, official sources said. The Bank and Financial Institutions Division (BFID) under the Ministry of Finance (MoF) sent a circular...

S\\\'pore govt finds minor role of a BD worker in riot

Munima Sultana | 2014-01-31 00:00:00

The Singapore government has found minor involvement of only one Bangladeshi worker in the country's worse ever riot on December 8 last. Sources said no Bangladeshi worker was among the 25 persons, charged in the Singapore court for their direct...

NU fails to impart education of desired quality : UGC

Khairul Islam | 2014-01-31 00:00:00

The University Grants Commission (UGC) has said the National University largely failed to impart desired quality education, putting the total higher education sector into a serious question mark as the university covers majority of the country's tertiary education.   The National...

A compilation with a difference

Zaglul Ahmed Chowdhury | 2014-01-31 00:00:00

The book titled Abahaman Banglar Kotipyo Bachan (Some adages of eternal Bangladesh) is  a compilation with a difference in the sense that it contains various proverbs and adages of different areas of Bangladesh, which have crept in our daily life....

The role of private sector in development

M Jalal Hussain | 2014-01-31 00:00:00

The private sector has long been recognised as a strong and active partner in economic growth and development. It provides the goods and services, jobs and also the sources of income to improve the people's standard of living and keep...

Home-grown drone marks a technological leap

Shahana Bilkis | 2014-01-31 00:00:00

Unmanned aerial vehicles (UAVS), also known as drones, are aircraft either controlled by pilots from the ground or autonomously following a pre-programmed mission. There are dozens of different types of drones but they basically fall into two categories: those used...

A devious move to take life out of cricket

Nilratan Halder | 2014-01-31 00:00:00

The idea is bizarre in the first place. At a time when sports and games are about to discard the last vestige of elitism the world over, the apparition of Hitler has surfaced in no other game than in what...

Importing foodgrains: Puzzling at first sight

Hasnat Abdul Hye | 2014-01-31 00:00:00

Bangladesh has been importing foodgrains in recent months. And in huge quantities, too. This has come as a surprise to many. It was widely believed that Bangladesh had become nearly self-sufficient in respect of foodgrains. Production of both rice and...

BIAC dialogue held

FE Online Report | 2014-01-30 00:00:00

A dialogue entitled “Relative Role of International Law and Domestic Law in International Commercial Arbitration” was held recently at a local hotel organized by Bangladesh International Arbitration Centre (BIAC). The keynote speaker at the Dialogue was the former Solicitor General...

Turnover crosses Tk 8.0b-mark again

FE Online Report | 2014-01-30 00:00:00

Stocks ended flat amid volatile trading Thursday with turnover crossing Tk 8.0 billion-mark once again as investors went for buying spree amid optimism.The market opened with a positive note and the key index of the Dhaka Stock Exchange (DSE) rose...

Stocks see initial upward trend

FE Online Report | 2014-01-30 00:00:00

The prices of most of the stocks on both bourses --- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE)-- witnessed upward trend in early hours of trading Thursday, maintaining the previous session’s uptrend. After first 30 minutes of trading,...

Biman seeks BB nod on $118m swap loan

Rezaul Karim | 2014-01-30 00:00:00

The Biman Bangladesh Airlines Limited sought the central bank's nod on a 'swap' arrangement for the US $ 118 million Pre-Delivery Payment (PDP) loan for two new Boeing aircraft, officials said. Biman managing director and chief executive officer (CEO) Kevin...

Many big cities yet to come under 3G network coverage

Jamal Uddin | 2014-01-30 00:00:00

The mobile phone operators' 3G or third-generation network coverage that aids the faster internet service could not be ensured in all big cities of the country till now, though it was promised. As a result, the customers having no access...

ICAB \\\'reprimands\\\' 20 CAs

Mohammad Ali | 2014-01-30 00:00:00

The Institute of Chartered Accountants of Bangladesh (ICAB) has reinforced disciplinary actions against its members-cum-Chartered Accountants (CAs) for any kind of professional misconduct, with an aim to ensure transparency in the profession, its officials said. As part of the measure,...

Paddy price dilemma: An alternative view

Md Jamal Hossain | 2014-01-30 00:00:00

The Financial Express on January 24 carried an editorial titled 'Rising cost of paddy production' which dealt with the problem of low prices of paddy. The editorial argued that rising cost of production, along with low selling price, is a...

Curbing domestic violence

Md. Maskurul Alam | 2014-01-30 00:00:00

A government survey was recently conducted on women which reveals that nearly nine out of ten husbands abuse severely their wives in Bangladesh. The survey was conducted on more than 12,600 girls across the country. It is matter of regret...

Will AAP live up to the expectation of Indian people?

Zaglul Ahmed Chowdhury | 2014-01-30 00:00:00

The new political party in India, which has created a sensation for its harsh anti-graft policies and simplicity in politics and government, appears to have landed into controversy. The Aam Aadmi Party (APP) recently formed government in Delhi, defeating established...

Stocks return to green

FE Online Report | 2014-01-29 00:00:00

Stocks returned to the green Wednesday after two sessions’ correction with turnover improved slightly as investors went for buying stocks once again amid optimism. The market opened with a positive note in the morning and the positive trend continued till...

Stocks see upward trend at opening

FE Online Report | 2014-01-29 00:00:00

The prices of most of the stocks on both bourses --- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE)-- witnessed upward trend in early hours of trading Wednesday after two session correction. After first 30 minutes of trading, the...

NBR nets in 70pc new taxpayers from businesses

Doulot Akter Mala | 2014-01-29 00:00:00

The National Board of Revenue (NBR) has found that about 70 per cent of its surveyed new taxpayers are from businesses that were operating without Taxpayers Identification Number (TIN). In an external survey across the country, the Board has found...

Well-intended but not entirely innocuous

Shamsul Huq Zahid | 2014-01-29 00:00:00

The Bangladesh Bank (BB) while unveiling its latest half-yearly monetary policy statement (MPS) has suggested the big corporate houses mobilise funds from the capital market instead of borrowing from the banks. Such a move would leave more banking sector resources...

BB advice for biggies to raise funds from capital mkt lauded

Siddique Islam | 2014-01-29 00:00:00

Top bankers in the country have termed the central bank's advices to big businesses to collect funds from the capital market a positive step saying that it will help enhance their financial strength.  "We're not worried about the latest call...

Inclusive business - a new approach to poverty reduction

Chowdhury Mohidul Haque | 2014-01-29 00:00:00

Like other Asian countries, the concept of inclusive or new business is being introduced as an additional strategy towards poverty reduction in Bangladesh. Formalised in a 2008 United Nations report titled Creating Value for All: Strategies for Doing Business with...

Developing human resource in rural areas

Abdul Bayes | 2014-01-29 00:00:00

In 1971, Bangladesh, in terms of viability, was considered an 'economic cripple'. It was attributed to its overpopulation, poor natural resource base, vulnerability to natural disasters and an undiversified agriculture producing mainly two commodities (rice and jute). The population density...

Restriction on gold import: An abiding puzzle

Syed Ashraf Ali | 2014-01-29 00:00:00

For centuries the enigmatic yellowish metal we call gold set the world alight with its magnetic charms and intractable lures. Through the ages, the craving for gold triggered wars and gold rush, shaped the world of fashion, inspired poets to...

Five envoys meet 3 govt sceys to get updates on RMG safety, rights

Syful Islam | 2014-01-29 00:00:00

Ambassadors of the United States, the United Kingdom, European Union, Canada, and the Netherlands in Dhaka will sit with three government secretaries on February 13 to get updates on progresses made in the country's ready-made garment (RMG) sector related to...

NBR making list of country\\\'s corporate houses to check VAT evasion

Shah Alam Nur | 2014-01-29 00:00:00

The National Board of Revenue (NBR) is preparing a list of country's corporate houses including bank, insurance, cement and pharmaceutical companies to check VAT evasion, officials said. They said a good number of private companies of the country have been...

Stocks open positive amid volatility

FE Online Report | 2014-01-28 00:00:00

The prices of most of the stocks on both bourses --- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE)-- witnessed upward trend in early hours of trading Tuesday amid see-saw. After first 30 minutes of trading, the prime index...

Audit dept raises objection to paying from state banks\\\' fund

Doulot Akter Mala | 2014-01-28 00:00:00

An official audit objection has been raised regarding payment of income taxes of employees at state-owned commercial and specialised banks and entities from their offices' funds, officials said. Under the existing rules, officials and employees of banks are required to...