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Economic development: The future lies with the youths

Sarwar Md. Saifullah Khaled | 2013-12-07 00:00:00

A historical anecdote goes like this. When the soldiers of Robert Clive and Nawab Siraj-ud-Dowla were fighting the Battle of Plassey on June 23, 1757, the local peasants were tilling their lands adjacent to the battle-field. This means the common...

Dearth of much containers at Ctg Port puts their inaugural river trip on hold

Syful Islam | 2013-12-07 00:00:00

The Ministry of Shipping and the Chittagong Port Authority (CPA) are in a hurry to make the Pangaon Inland Container Terminal (ICT) operational soon after they were instructed by Prime Minister Sheikh Hasina, sources said. The Prime Minister inaugurated the...

BTRC takes initiative to realise Tk 14.486b dues from BTCL

Jamal Uddin | 2013-12-07 00:00:00

Bangladesh Telecommunication Regulatory Commission (BTRC) has taken a fresh initiative to realise Tk 14.486 billion outstanding revenue from Bangladesh Telecommunications Company Ltd (BTCL), officials said. The regulator has already issued letters in this connection to the ministry of finance, the...

Stocks close positive amid political chaos

Babul Barman | 2013-12-07 00:00:00

The benchmark index of the Dhaka Stock Exchange - DSEX - managed to stay positive last week despite bleak investment outlook and political turmoil across the country. The presence of investors was thin on the trading floor throughout the week...

Women\\\'s empowerment in our society

Sarwar Md Saifullah Khaled | 2013-12-07 00:00:00

The matters that have raised heated discussions in the twenty-first century are many. But the question of empowering or raising the capability of the womenfolk occupies here a prominent place. Not only is the emancipation of women from the sub-human...

Damn your democracy!

Nilratan Halder | 2013-12-07 00:00:00

It is a sad story of a Dhaka College student named Ohidur Rahman. But it could be anyone's in this city, other cities or towns in Bangladesh. Coming out from Agamosi Lane on the fateful Thursday, November 28, he got...

BB mulling rescue plan for Standard Group

Siddique Islam | 2013-12-06 00:00:00

The central bank is set to devise a rescue plan for revamping business activities of the fire-ravaged Standard Group through settling import liabilities with five banks. Bangladesh Bank (BB) governor Atiur Rahman will meet chief executive officers and managing directors...

TICFA: the Capitulation

M. A. Taslim | 2013-12-06 00:00:00

After years of fruitless deliberations the government has finally succumbed to internal and external imperatives to sign a Trade and Investment Cooperation Forum Agreement (TICFA) with the USA. The USA had sent the first draft of the agreement under the...

NBR to set up 2 more LTUs in Rajshahi and Khulna

Doulot Akter Mala | 2013-12-06 00:00:00

The National Board of Revenue (NBR) has moved to intensify its task of monitoring the large businesses in divisional cities by setting up more Large Taxpayers Units (LTUs). Two more LTUs under the income tax wing will be set up...

An important document of a crucial phase

Zaglul Ahmed Chowdhury reviewing the book | 2013-12-06 00:00:00

Air Vice-Marshal A.G. Mahmud (retd) would have gone into oblivion like many other chiefs of Air Force or for that matter the Army or the Navy. For, this is the normal way of going into retirement by top brass in...

Social media: A blessing or a curse?

Sadiq Zafrullah | 2013-12-06 00:00:00

Nowadays social media is in wide currency all over the world including Bangladesh. We often say that technology has made the world smaller, but social media has made the world even more small. The social media has become a place...

Bitcoin e-money and the bubble

Md. Ahsan Ullah Raju | 2013-12-06 00:00:00

Nowadays, 'Bitcoin' is a highly pronounced word in the cyber world, which is an e-currency traded through some stock exchanges. Its price rose to $935 by almost 750 per cent from its base $123 just within two months, from 1st...

Bangladesh\\\'s CPI ranking improves but only slightly

Nilratan Halder | 2013-12-06 00:00:00

Bangladesh has improved its ranking on the Corruption Perception Index (CPI) as introduced by the Berlin-based Transparency International (TI) by just one point compared to last year. It has been placed in the 136th position this time. Among 177 countries...

Interest rate spread drops to below 5.0 pc in Oct

Siddique Islam | 2013-12-05 00:00:00

The interest rate spread in the country's banking sector came down to below 5.0 per cent in October because of lower credit demand prompted by the ongoing political uncertainty, bankers said Wednesday.  "Most of the entrepreneurs are now maintaining a...

Patients deprived as high officials hire ambulances

Badrul Ahsan | 2013-12-05 00:00:00

High business officials are hiring ambulances for their safe transportation in the city during the ongoing political programmes depriving thousands of patients of their basic right. People familiar with such incidents said, patients are often unable to hire ambulances even...

CPA waives Tk 175m as store rent in 4.5 years

Syful Islam | 2013-12-05 00:00:00

The Chittagong Port Authority (CPA) has waived some Tk 175 million as store rent during the last four and a half years ended in June 2013 which puts a negative impact on the port's income, sources said. Of the amount...

DSE revenue earnings jump 78pc

Babul Barman | 2013-12-05 00:00:00

The month-on-month government's revenue earnings from the Dhaka Stock Exchange (DSE) marked 78 per cent rise in November as the trading volume was on the rise in the month of November. The government bagged tax worth Tk 144.21 million in...

Quarterly-based disclosures

Mohammad Lutfar Rahman (Badal) | 2013-12-05 00:00:00

The stock market has been playing an important role in the industrialisation process of the country for the last few decades. It has been creating an equity pool as well both for institutional and individual investors. The stock market, which...

Combating risks in import trade

Syed Ashraf Ali | 2013-12-05 00:00:00

Letter of credit, often abbreviated as LC, has by and large become a familiar term among the business community.  However, to use a popular cliché, there is more in a 'letter of credit' than meets the eye. Inadequate awareness about...

Does Japan show US the way out of secular stagnation?

Nicholas Wapshott writing for Reuters | 2013-12-05 00:00:00

Is America's economy adrift in the doldrums? Lawrence Summers, perhaps the nation's most inventive applied economist, thinks so. Speaking to an IMF forum last month, he described America's current condition as "secular stagnation" in which we are stuck in a...

Thai turmoil: Can Yingluck contain the situation?

Zaglul Ahmed Chowdhury | 2013-12-05 00:00:00

It is a fast developing situation in Thailand. This south-east Asian nation is in the grip of a severe political crisis as the protestors demanding the ouster of the government of Prime Minister Yingluck Shinawatra's government are showing increasing toughness...

Playing with numbers: The issue that won\\\'t die down

Shamsul Huq Zahid | 2013-12-04 00:00:00

The finance ministry, in the face of widespread allegation about a section of auditors' deliberate indulgence in the acts of preparing fabricated or cooked-up financial reports by companies, framed the Financial Reporting Act (FRA) and got it approved by the...

NBR to raise tax benefit ceiling on hybrid car import to 2500cc

Doulot Akter Mala | 2013-12-04 00:00:00

The National Board of Revenue (NBR) has decided to raise the tax benefit ceiling on import of hybrid cars to 2500cc from the existing 1800cc. The NBR will issue a Statutory Regulatory Order (SRO) shortly on it following the law...

8,000 Ansar members to guard 2,000 km rail lines

Munima Sultana | 2013-12-04 00:00:00

The Bangladesh Railway will deploy more than 8,000 members of Ansar to protect its operational lines along over 2,000 kilometres from violent activities. The decision came as attacks on rail lines and bogies continued throughout the country during the opposition-enforced...

Banks asked to take help of police for secure cash handling

Siddique Islam | 2013-12-04 00:00:00

Bangladesh Bank (BB) advised the commercial banks Tuesday to take police protection to ensure security for their cash management, particularly for Automated Teller Machine (ATM) operations, during the shutdowns and blockades. The central bank took the measure against the backdrop...

bKash eyes to be the largest m-banking service provider co in the world

Mohammad Ali | 2013-12-04 00:00:00

bKash Limited is looking to become the largest mobile banking service provider company in the world within the next few years, chief of the company said. "Branded itself as the world's second successful venture, bKash having stronger customer base in...

ICT Act: Infringement on freedom of expression

Abdulla Al Imran | 2013-12-04 00:00:00

Freedom of expression guarantees right of every individual to speak and write openly without any interference from the government. Individuals or groups can keep the public informed, and advocate in favour of alternative ideas, and provide their opinions about what...

Fading hope for a participatory polls

Syed Jamaluddin | 2013-12-04 00:00:00

All hopes for reaching an understanding on election process have not yet vanished. Informal dialogue is continuing after the announcement of election schedule. Different quarters are trying to involve BNP in the election process. If informal contact bears fruit, formal...

EC to spend Tk 5b for holding 10th JS polls

Shah Alam Nur | 2013-12-03 00:00:00

The Election Commission (EC) is going to spend nearly Tk5 billion to conduct the tenth parliamentary election scheduled for January 5, 2014. The cost for holding national election has increased nearly three times or 186 per cent compared to that...

Tanners want Tk 1.0b loan for relocation from Hazaribagh to Savar

Ismail Hossain | 2013-12-03 00:00:00

Tannery owners want Tk 1.0 billion term loan at lower interest rate for bearing cost of relocation from the city's Hazaribagh to Savar. They met Bangladesh Bank Governor Dr. Atiur Rahman recently seeking his help in this regard. They are...