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Stocks see sharp rise at opening

FE Online Report | 2014-01-22 00:00:00

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

ADP gets political project overloads

Shamsul Huq Zahid | 2014-01-22 00:00:00

The problems that the Planning Commission usually faces in the second half of every financial year have surfaced, again, this year, perhaps in a more intensified form. The Commission would soon have to trim the annual development programme (ADP) and...

NBR to propose nearly 10pc cut in revenue target

Doulot Akter Mala | 2014-01-22 00:00:00

The National Board of Revenue (NBR) is set to propose a downward revision of the aggregate revenue collection target to Tk 1.20 trillion for the current fiscal year (FY) as some major economic indicators showing a negative trend. Expenditures of...

Investment proposals decline in 2013

Badrul Ahsan | 2014-01-22 00:00:00

The number of investment proposals registered with the Board of Investment (BoI) marked a sharp decline in the last calendar year (2013). The fall was attributed mainly to unfavourable business environment in the country, circles concerned said. The number of...

Cheaper Tablet getting popular

Jamal Uddin | 2014-01-22 00:00:00

Low-cost mobile computer, popularly known as 'Tablet,' is getting popularity in the country like other countries of the world for its flexible nature to browse internet. The device that is smaller than laptop and bigger than smart phone has huge...

Homemaker versus housewife: It\\\'s still a man\\\'s world

Maswood Alam Khan | 2014-01-22 00:00:00

A lady in her mid-sixties started the conversation with me while we both were waiting at JFK airport in New York. We were to catch a plane for Baltimore. She was a repeat complainer type. At least three times she...

Rules, discretion and autonomy of central bank

Rafiqul Islam | 2014-01-22 00:00:00

There has been a long-drawn debate over whether the monetary policy decisions should be governed by rules or discretion. However, neither pure discretion nor adherence to an intermediate monetary target has proved satisfactory. Instead, several countries are moving toward a...

Stocks return to green

FE Online Report | 2014-01-21 00:00:00

Stocks returned to the green Tuesday, a day after marginal correction with turnover crossing Tk 7.0 billion-mark once again as investors took fresh position.The prime index of the Dhaka Stock Exchange (DSE) - DSEX went up by 34.14 points or...

Stocks see opening trend positive

FE Online Report | 2014-01-21 00:00:00

The prices of most of the stocks on the Dhaka Stock Exchange (DSE) witnessed positive trend amid slight see-saw in early hours of trading Tuesday after previous session’s marginal correction. The prime index of the DSE - DSEX-- went up...

BPC seeks Tk 17.58b from govt urgently

Rezaul Karim | 2014-01-21 00:00:00

The state-run Bangladesh Petroleum Corporation (BPC) has sought an immediate allocation of Tk 17.58 billion as subsidy from the government to keep its fuel import and supply uninterrupted, officials said. The BPC chairman Thursday sent a letter, seeking the fund...

Foreigners start investing in bond market

Siddique Islam | 2014-01-21 00:00:00

Foreigners have started investing in the country's treasury bond market after withdrawal of the one-year lock-in period for them on the government approved securities, officials said. Foreigners, particularly institutions, have invested around Tk 9.0 billion in Bangladesh Government Treasury Bonds...

Over 1.0m driving vehicles without licence

Badrul Ahsan | 2014-01-21 00:00:00

More than one million people are driving vehicles on the country's roads without valid licences creating serious threat to the lives, property and causing a large amount of revenue loss to the government, data showed. Also worrying is that the...

91pc govt fund spent for infrastructural purpose, study reveals

Khairul Islam | 2014-01-21 00:00:00

Some 91 per cent of the government fund allotted for development projects under the education sector has been spent for infrastructural purpose while the research-related grant is very small in amount, a recent study revealed. The study jointly conducted by...

Challenges facing the banking sector

Khaled Mahmud Raihan | 2014-01-21 00:00:00

Banking sector in Bangladesh has come across a turbulent year facing many odds and pitfalls in the macroeconomic fundamentals. The major challenges faced by the banking industry were low credit growth, increasing trend of non-performing loans resulting to higher provisioning...

Protecting Rohingyas in Myanmar

Zaglul Ahmed Chowdhury | 2014-01-21 00:00:00

Fresh violence against Rohingyas shows that there has been no let-up in the plight of the minority Muslim community in Myanmar. In our south and south-east Asian region, incidents of violence against the religious minorities appear to have become a...

Climate fiscal framework on cards to coordinate use of funds

Syful Islam | 2014-01-21 00:00:00

The government is formulating a climate fiscal framework to coordinate spending in the climate change-related activities, official sources said. The move is taken to ensure appropriate and effective use of funds in offsetting the impacts of climate change on Bangladesh,...

300 microlenders selected for licences lack pre-conditions

Ismail Hossain | 2014-01-21 00:00:00

Around 300 non-governmental organisations (NGOs) who were primarily found eligible for getting licences by the microcredit regulator have failed to comply with pre-requisites including a deposit of Tk 1.0 million each on their respective bank accounts. Some 405 out of...

Brewer AB InBev grows in Asia with $5.8 billion Korea return

Stephen Aldred and Philip Blenkinsop of Reuters in Hong Kong/Brussels | 2014-01-21 00:00:00

Anheuser-Busch InBev SA, the world's biggest brewer, agreed to buy back South Korea's Oriental Brewery Co Ltd (OB) for $5.8 billion including debt, returning to a large Asian market at a time of strong industry growth across the region. The...

Stocks break 8-day winning streak

FE Online Report | 2014-01-20 00:00:00

Stocks edged lower Monday, breaking eight straight sessions’ winning streak with declining turnover as investors booked marginal profit from their previous purchase.The market started in a positive trend in the morning and the prime index of the Dhaka Stock Exchange...

Stocks open with positive trend

FE Online Report | 2014-01-20 00:00:00

The prices of most of the stocks on both bourses - Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE)-- witnessed positive trend in early hours of trading Monday, maintaining the previous session’s uptrend. The prime index of the DSE...

Enforcement likely to be delayed

Doulot Akter Mala | 2014-01-20 00:00:00

Enforcement of the Transfer Pricing (TP) provision from July 1 this year is likely to be delayed due to the non-formation of a relevant cell. The provision, incorporated in the Finance Act 2012, is scheduled to be enforced on a...

CRR, SLR go under new procedure from Feb 1

Siddique Islam | 2014-01-20 00:00:00

The banks will have to maintain statutory reserve separately under the new procedure, declared by the central bank, from February 1, officials said. The statutory reserve consists of two components - cash reserve requirement (CRR) and statutory liquidity ratio (SLR)....

Climate change impacts on Bangladesh

Sarwar Md. Saifullah Khaled | 2014-01-20 00:00:00

Bangladesh is vulnerable to climate changes. Indeed, it has internationally been established that Bangladesh, as a country, may suffer the most severe impacts from climate change. The country is one of the most densely populated on earth having more people...

Farewell to the ever-green dream girl

Neil Ray | 2014-01-20 00:00:00

She had something transcendental about her beauty. Mesmerising and yet full of a distinct personality, Suchitra Sen curved for her a niche in every Bangalee's heart, particularly in his or her prime of youth. It was an indelible impression she...

Of politics, poverty and rice price

Shamsul Huq Zahid | 2014-01-20 00:00:00

Most people remained engrossed with the political developments centring round the recently held 10th parliamentary elections. Never before, had the nation witnessed so much violence involving any political issue. For nearly a couple of months capital Dhaka remained cut-off from...

RHD targets 1,400 e-tenders by June

Munima Sultana | 2014-01-20 00:00:00

As a move to go for full-fledged electronic tendering, the Roads and Highways Department (RHD) has set a new target to call 1,400 tenders through the central procurement technical unit (CPTU) by June. Officials said the department has successfully met...

Drug law restricts options of getting foreign products

Shamsul Huda | 2014-01-20 00:00:00

Patients are being deprived of getting the newly invented and some life saving research medicines as the national drug ordinance has restricted their options of getting foreign products by barring imports, sources said. They said these specialised medicines are manufactured...

South Korea confirms bird flu, expands culling

Jack Kim of Reuters from Seoul | 2014-01-20 00:00:00

South Korea confirmed the outbreak of highly pathogenic bird flu last Saturday and said it would expand the culling of birds to a radius of 3-km (1.9 mile) around a duck farm, but a nationwide suspension of poultry shipment was...

Pirates seize first ship in Somali area since 2012

Edmund Blair of Reuters from Nairobi | 2014-01-20 00:00:00

Pirates have seized a merchant ship in the Red Sea and have taken it south towards Somali waters in the first successful hijacking in the region since 2012, maritime officials said on Sunday. The vessel, identified as the MV Marzooqah,...

Stocks extend gaining streak for 8th session

FE Online Report | 2014-01-19 00:00:00

Stocks on the bourses extended gaining streak for the eighth running sessions Sunday with turnover improved further as investor confidence boosted up amid stable political situation in recent days. The market started in a positive trend in the morning and...