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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...

North Korea warns US, South Korea military drills could spark disaster

Michelle Nichols of Reuters from the United Nations | 2014-01-28 00:00:00

North Korea took its demand for the United States and South Korea to halt joint military drills to the United Nations, holding a rare news conference on Friday to warn that the exercises could get "out of control and plunge...

Challenges in global value chain

Mohammad Abu Yusuf and Mahmudul Hasan | 2014-01-28 00:00:00

A value chain is the full range of activities that firms and workers do to bring a product or service from its conception to its end use and beyond. The activities that are included in a value chain are design,...

Building a harmonious society

Shidratul Moontaha Suha and Badhan Biswas | 2014-01-28 00:00:00

The emergence of Bangladesh in 1971 was obviously the victory of the secular forces and the minority communities took it as an end to the injustice and discrimination they faced until the last days of Pakistan. Unfortunately, they could not...

Political standoff and development programmes

Mohammed Norul Alam Raju | 2014-01-28 00:00:00

Habibur Rahman, a 45-year-old rickshaw puller, lost his only source of income during a countrywide blockade in December last. His rickshaw was set afire by vandals in Chittagong. But Habibur, along with two other people, were nabbed for the arson....

Tension grips Thailand over next Sunday\\\'s polls

Zaglul Ahmed Chowdhury | 2014-01-28 00:00:00

The February 02 national election in Thailand looks uncertain after the country's constitutional court ruled that the polls could be delayed because of lingering political crisis. However, the government of embattled Prime Minister Yingluck Shinawatra has so far shown no...

PKSF, TIB in row over existence of 10 NGOs taking money from climate fund

Ismail Hossain | 2014-01-28 00:00:00

Palli Karma-Sahayak Foundation (PKSF) and Transparency International, Bangladesh (TIB) are at loggerheads over the existence of ten non-governmental organisations (NGOs) which received money from climate fund. These NGOs received Tk 20.95 million in total from Bangladesh Climate Change Trust Fund...

Airlines reduce fares, migrant workers most benefitted

Badrul Ahsan | 2014-01-28 00:00:00

Bangladeshi passengers, largely overseas workers, are being benefited as most of the Dhaka-based airlines have reduced airfares by about 20 to 25 per cent due mainly to sluggish market. The airfares for the Gulf states and some Asian countries were...

Stocks edge lower

FE Online Report | 2014-01-27 00:00:00

Stocks edged lower Monday after fourth consecutive sessions of winning streak with declining turnover as investors’ booked some profit amid cautious trading. The prime index of the Dhaka Stock Exchange (DSE) - DSEX went down by 6.75 points or 0.14...

Stocks down at opening

FE Online Report | 2014-01-27 00:00:00

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

Ban on Hilsa export set to go soon on Indian plea

Syful Islam and Yasir Wardad | 2014-01-27 00:00:00

Days after Indian appeal to lift ban on Hilsa fish export, the ministry of commerce (MoC) moved to make way for the same immediately, sources said. "We are examining the related statistics and info," MoC secretary Mahbub Ahmed told the...

BD-led jt venture firm picked up for 3rd Shitalakhya bridge

Munima Sultana | 2014-01-27 00:00:00

The government has finally appointed a Bangladesh-led joint venture firm as supervision consultant for the 3rd Shitalakhya bridge project,  under which a 1.2 kilometre (km) bridge will be constructed for establishing links with three national highways of the country. The...

Health secy yet to submit papers on drug prices

Mohammad Ali | 2014-01-27 00:00:00

The health secretary is yet to submit the drug price control-related papers before the High Court (HC), despite the seven-day deadline to do so expired a week ago, court sources said. On January 12 last, the HC directed the health...

How we can stop communal riots

Tayeb Husain from Lund, Sweden | 2014-01-27 00:00:00

It is very painful to hear about communal riots in Bangladesh. Riots are crime and it is much heinous when it is of communal type. Millions of people were killed in Hindu-Muslim riots during Partition and there seems no end...

Megacity without taxicab!

Neil Ray | 2014-01-27 00:00:00

Where have the taxicabs gone? Dhaka is perhaps the only megalopolis in the world, which lacks this essential service. Only for a brief period did this overcrowded capital boast fleets of yellow, black and blue cabs. But never did the...

It\\\'s difficult time for banks

Shamsul Huq Zahid | 2014-01-27 00:00:00

A completely different situation is now prevailing in most private-sector commercial banks. Branch managers are now asking their subordinate officials to rope in new borrowers instead of depositors. The bulging idle funds are forcing private banks to launch vigorous drive...

Economy dependent on political understanding

Syed Jamaluddin | 2014-01-27 00:00:00

The economy of the country has been badly shattered due to the political turmoil during the last few months centring the issues of election-time government and war crimes trial. Election to the 10th parliament has been held without any understanding...

Plastic goods sector seeks cash incentives

Shamsul Huda | 2014-01-27 00:00:00

Plastic goods manufacturers and exporters are facing problems both locally as well as in the export market and are seeking cash incentives, sources said. The exporters want cash incentives from the government as they need to pay 5 to 15...

One-taka candy fetches huge profits for shop-keepers

Ismail Hossain | 2014-01-27 00:00:00

The apparent shortage of coins of 1 and 2 taka denomination has given a big boost to the local candy sector, insiders said. According to them, sales of candy, priced as low as Tk 1 and Tk 2, have led...

Stocks extend gaining streak for 4th session

FE Online Report | 2014-01-26 00:00:00

Stocks extended gaining streak for fourth running sessions with turnover improved further as investors continued to take position amid optimism. The prime index of the Dhaka Stock Exchange (DSE) - DSEX-- ended at 4,758.37 points, gaining 55.71 points or 1.18...

Stocks see sharp rise at opening

FE Online Report | 2014-01-26 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 Sunday, maintaining the previous week’s positive trend. After first 30 minutes of...

Will the peace talks on Syrian crisis make any headway?

Zaglul Ahmed Chowdhury | 2014-01-26 00:00:00

The warring sides of the Syrian conflict finally met in Geneva after the United Nations peace envoy helped avert a collapse of the much-awaited talks. The meeting started amidst an unclear environment persisting over whether the delegations of President Bashar...

Rickshaws dominate VIP roads

Khalilur Rahman | 2014-01-26 00:00:00

Rickshaws and vans now ply VIP roads in Dhaka city at ease. In fact, all roads in metropolitan areas are virtually under the occupation of rickshaws, vans, push carts and battery-run auto-rickshaws. Though the exact number of these transports is...

Legal aid cell to help protect workers\\\' rights

Mohammad Ali | 2014-01-26 00:00:00

The Labour Legal Aid Cell, a government agency, is going to organise awareness programme in order to protect and ensure the rights of the workers especially in the readymade garment (RMG) sector. "About 30 labour leaders, a number of factory...

Election analysis and voting manipulation: A theoretical exercise

Md. Jamal Hossain | 2014-01-26 00:00:00

It can be late to publish such estimate but we regard that it is not late enough because the analysis developed here will not only help us give an estimate of election outcome but also make some predictions about the...

Is the Sri Lankan series last for Bangladesh?

M. Serajul Islam | 2014-01-26 00:00:00

The Sri Lankans have arrived in Bangladesh to play a two Test series together with a number of limited over games of the 50-overs and the T20. The two sides met in Sri Lanka last year. They played a very...

Pictet shows interest on BD stocks

Mohammad Mufazzal | 2014-01-26 00:00:00

A giant Swiss bank-Pictet-is looking at the progress of Bangladesh's capital markets in a bid to make investment in a bigger way, officials said. Some top officials of the bank last week sat with the securities regulator, premier bourse and...

Companies for finalisation of shipbuilding policy

Raihan M Chowdhury and Mohammad Ali | 2014-01-26 00:00:00

Some leaders of the shipbuilding industry have demanded of the government to immediately endorse the drafted policy and act for the sector, facilitating it to capitalise on its tremendous prospects locally and globally. They said that particular business-friendly policy and...

Opening of LCs hits snags due to problem of third party guarantee

Shamsul Huda | 2014-01-26 00:00:00

Opening of letters of credit (LCs) may hit snags in getting 'add confirmations' (third party guarantee) as some banks are already under pressure to deal with their clients, banking sources said. A senior banker of a new commercial bank said...

Job-seekers upset as govt recruitment remains almost stalled for 6 months

Khairul Islam | 2014-01-26 00:00:00

Employment in the government sector remains almost stalled for the last six months due to the nationwide political volatility, frustrating the job aspirants and their family members. The frustrated job-seekers even don't see any immediate hope of relief from the...