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Nation at war with itself

Nilratan Halder | 2013-12-14 00:00:00

During war, sanity and peace become the greatest casualty. In times of civil war, self-confidence suffers the most. Racial and tribal hatred takes toll of humanity and family feuds lead to self destruction. What a pity the country after forty-two...

Nelson Mandela: hero of anti-colonialism

Nehal Adil | 2013-12-14 00:00:00

Nelson Mandela has left our tiny planet lingering in turmoil. He will live forever. Jacob Zuma, the President of South Africa, in his address to the world said he had entered eternal peace. China's President Xi and Indian Prime Minister...

Apparel exporters to get cash incentive against advanced TT

Siddique Islam | 2013-12-13 00:00:00

The government is set to allow apparel exporters to receive cash incentive against export proceeds realised in advance through telegraphic transfer (TT) soon to help recover their loss caused by the ongoing political turmoil. After introducing the facility the ready-made...

MoA departments limping with manpower shortage

Rezaul Karim | 2013-12-13 00:00:00

The departments and agencies under the Ministry of Agriculture (MoA) are still limping with acute manpower shortage, official sources said.  "The ministry, its departments and agencies are facing problems in performing daily official work due mainly to huge shortage of...

IDRA asks Standard Ins to pay insurance claim soon

Syful Islam | 2013-12-13 00:00:00

The Insurance Development and Regulatory Authority (IDRA) has asked the Standard Insurance Ltd (SIL) to immediately pay the insurance claim of Standard Group whose garment factory was burnt in a devastating fire on November 29, sources said. The regulator in...

Indo-Bangla trade faces severe blow amid political turmoil

Shah Alam Nur | 2013-12-13 00:00:00

Indo-Bangla trade faces a serious setback recently, as import and export-related activities through the country's landports almost came to a halt, mainly due to the ongoing political turmoil, officials and businesses said. The situation turned worse in the last few...

BRTC in fund constraint as buses stay off roads

Munima Sultana | 2013-12-13 00:00:00

The Bangladesh Road Transport Corporation (BRTC) is facing a severe financial constraint paying its several thousand staff members, as the ongoing political conflict is forcing it to suspend almost all transport services to avert damage. Officials said the corporation's revenue...

44 companies in pipeline for IPO approval

Mohammad Mufazzal | 2013-12-13 00:00:00

The IPO (initial public offering) proposals of some 44 companies are awaiting the securities regulator's nod to raise a substantial aggregate amount of fund under the fixed price and book building method, officials said. The officials of the Bangladesh Securities...

The role of media in promoting good governance

Md Ashraful islam | 2013-12-13 00:00:00

Historically, the media came into being from the need to protest against feudal oppression. In Europe, the print media played an important role in transforming a feudal society into a modern one. Besides, during the French (1789) and American Revolution...

Why such a raw deal for people?

Nilratan Halder | 2013-12-13 00:00:00

The air is heavy. Not so much because of the haze winter brings along with it but because of forebodings. Even the approaching December 16, the proudest day in the annals of the Bangalee nation, has failed to remove the...

Fresh tensions in Indo-Pakistan ties?

Zaglul Ahmed Chowdhury | 2013-12-13 00:00:00

Leaders of India and Pakistan are, of late, again talking about tensions in their ties and some have even gone to the extent of speculating on another war not as a distant possibility, unless the prevailing situation improves. Under-standably, the...

Chittagong Port to waive demurrage charge on stranded cargoes

Syful Islam | 2013-12-12 00:00:00

The government will waive demurrage charges on import consignments that have remained stranded at Chittagong Port due to the ongoing blockade called by opposition political parties, sources said. The waiver will be granted to only those cargos that have got...

Declining import trend over political unrest continues

Siddique Islam | 2013-12-12 00:00:00

Declining trend in the country's overall import orders continued until November due mainly to the ongoing political turmoil centring the next parliamentary election, officials said Wednesday. Opening of letters of credit (LCs) against imports, generally known as import orders, decreased...

Young techies getting increased outsourcing jobs

Shamsul Huda | 2013-12-12 00:00:00

Young freelancers are increasingly getting software and IT-enabled services orders as global firms reach out to countries like Bangladesh seeking cheaper solutions, insiders have said. The internet-based outsourcing is going on from every corner of the country as the developers...

AMCs to enjoy 15pc tax rate on MFs\\\' income till 2018

Doulot Akter Mala | 2013-12-12 00:00:00

The National Board of Revenue (NBR) has offered a tax benefit for the asset management companies (AMCs) for the next five years to stimulate the country's capital market. The AMCs will enjoy a reduced tax rate of 15 per cent,...

IFIC Bank to connect rural unbanked people

Mohammad Ali | 2013-12-12 00:00:00

International Finance Investment and Commerce Bank Ltd (IFIC Bank) looks at inclusive expansion of its banking network to connect the rural unbanked people, strengthening its 'remittance distribution channel' and making it sustainable in the long run. "The urban sector is...

Climate change: Cost of inaction is grave

Quamrul Islam Chowdhury | 2013-12-12 00:00:00

UN Secretary-General Ban Ki-moon has warned against cost of inactions and stressed the need for breaking down barriers to sustainable investment, including 'perverse subsidies'. Ban came to UN Climate Conference held in Warsaw, Poland from November 11-23, 2013 to help...

Curing the ills of banking sector

Sarwar Md. Saifullah Khaled | 2013-12-12 00:00:00

Bangladesh is a third world country with an under-developed banking system, particularly in terms of the services and customer care provided by the state-run banks. The private banks that emerged following the 1990 Financial Sector Reforms Programme (FSRP) are trying...

Overcoming river erosion, ‘monga’

Abdul Bayes | 2013-12-12 00:00:00

Our destination was a village on the bank of the river Dharala. On November 20 morning, we landed at the eastern bank of the river to take a boat to reach our destination. We could avoid the riverine route but...

Political turmoil triggers concern about revenue collection shortfall

Doulot Akter Mala | 2013-12-11 00:00:00

The tax collection drive has suffered a severe blow following the persistent political unrest and blockades triggering a concern about a big shortfall in internal revenue mobilisation in the current fiscal year. Achieving the existing aggregate tax revenue collection target...

Political troubles and unaccounted for loss

Shamsul Huq Zahid | 2013-12-11 00:00:00

Country's food inflation shot up to 8.55 per cent on point-to-point basis last month, one of the highest levels in recent years. The general inflation was also on the high side. Predictions are that the situation would be even worse...

Bangladeshis in S’pore facing difficult situation after riot

Munima Sultana | 2013-12-11 00:00:00

Bangladeshi community including the workers in Singapore are facing difficult situation after a good number Bangladeshi nationals were detained for interrogation in connection with a riot that took place in the island state for the first time in 30 years...

Over 300 realtors in business sans Rajuk permission

Shah Alam Nur | 2013-12-11 00:00:00

More than 300 developers and housing companies are engaged in real estate business without any valid permission from the Rajdhani Unnayan Kartripakkha (Rajuk), official sources have said. As a result, a significant number of people are being cheated while buying...

Afghanistan, Iran plan cooperation pact amid tensions with US

Hamid Shalizi of Reuters from Kabul | 2013-12-11 00:00:00

Afghan President Hamid Karzai agreed on a cooperation pact with Iran this week, an Afghan official said, while continuing to resist signing a long-term security agreement with the United States. Karzai struck the deal with Iranian President Hassan Rouhani in...

N Korea\\\'s \\\'reign of terror\\\' worries South\\\'s leader

Ju-min Park of Reuters from Seoul | 2013-12-11 00:00:00

North Korea is engaged in a purge amounting to a "reign of terror" that has claimed the scalp of the country's second most powerful man and risks further damaging relations with the South, President Park Geun-hye said on Tuesday. Park...

NASA Mars rover finds evidence of life-friendly ancient lake

Irene Klotz of Reuters from San Francisco | 2013-12-11 00:00:00

Scientists have found evidence of an ancient freshwater lake on Mars well suited to support microbial life, the researchers said Monday. The lake, located inside Gale Crater where the rover landed in August 2012, likely covered an area 31 miles...

Risk of global recession looms large in 2014

Mia Shanley and Ilze Filks from Stockholm | 2013-12-11 00:00:00

One of the three Americans who won this year's Nobel prize for economics said bloated public deficits on both sides of the Atlantic meant that recession remained a real risk for 2014. Eugene Fama, who shares this year's 8.0 million...

Carney sees hopeful signs in UK economy

Jonathan Spicer and Walden Siew of Reuters from New York | 2013-12-11 00:00:00

Britain's economic recovery is showing signs that it can reach self-sustaining momentum, but monetary policy will need to remain exceptionally loose for some time to come, Bank of England Governor Mark Carney said on Monday. Responding to some arguments that...

Family, politicians battle over \\\'Brand Mandela\\\'

Peroshni Govender, Jon Herskovitz and David Dolan of Reuters from Johannesburg | 2013-12-11 00:00:00

From political posters to bottles of wine and kitchen aprons, the face and name of Nelson Mandela are a potent commercial and political brand in South Africa. Little wonder it's so sought after - and the source of occasional squabbles....

BB asks banks to maintain CRR, SLR separately

Siddique Islam | 2013-12-11 00:00:00

The Bangladesh Bank (BB) Tuesday asked the commercial banks to maintain cash reserve requirement (CRR) and statutory liquidity ratio (SLR) separately, keeping their existing requirements unchanged, officials said. Under the new rules, excess over CRR will be added to the...