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US warns BD of gang out to weaken int\\\'l financial system

Syful Islam | 2013-12-02 00:00:00

The United States treasury department has informed Bangladesh about some individuals and entities involved in the acts of jeopardising the international financial system, sources said. Recently, the US embassy in Dhaka in a letter informed the ministry of foreign affairs...

NBFIs allowed to collect fixed deposit for 3 months

Siddique Islam | 2013-12-02 00:00:00

The central bank has relaxed its rules, allowing the non-banking financial institutions (NBFIs) to collect fixed deposit from individuals and organisations for three months instead of six months earlier, officials said Sunday. Under the amended rules, the NBFIs are allowed...

Portfolio investment up 21.1 per cent

Babul Barman | 2013-12-02 00:00:00

The portfolio investment on the country's prime bourse has increased 21.1 per cent in November as foreign fund managers now consider the market lucrative for long-term investment due to low prices of fundamentally strong stocks. The local investors were in...

Victims of violence

Neil Ray | 2013-12-02 00:00:00

The death toll in political programme-related violence has risen to about three dozens since October 25 last. Nine people succumbed to their burn injuries in just a month. In the latest major attack, thought to be the detonation of a...

Streamlining development administration

Shamsul Huq Zahid | 2013-12-02 00:00:00

The implementation of the annual development programme (ADP) has never been without troubles. Poor coordination among various government agencies, delayed release of funds, political interference etc., are factors that have constrained the implementation of development projects at the expected pace....

The nation in uncharted waters

M. Serajul Islam | 2013-12-02 00:00:00

The TV talk-show guests have run out of their wits. They cannot give the nation any hope any more. The international players also have played out their cards but the nation is still very much on the brink. The only...

Where is the country heading for?

Zaglul Ahmed Chowdhury | 2013-12-01 00:00:00

United Nations Secretary General Ban Ki Moon has once again written to Prime Minister Sheikh Hasina and Leader of the Opposition Khaleda Zia on the political situation prevailing in Bangladesh. The content of the two letters is not known, but...

Reclaiming city\\\'s open spaces

Khalilur Rahman | 2013-12-01 00:00:00

Dhanmondi playground at Road No 08 is now under illegal occupation of a private club. Members of the public are not allowed to use the playground. According to press reports, Sheikh Jamal Dhanmondi Club, a private organisation, has taken security...

DNCRP committees at union level soon

Talha Bin Habib | 2013-12-01 00:00:00

The Directorate of National Consumers Rights Protection (DNCRP) will form committees at the union level during the current month aiming to make consumers conscious about their rights, official said. In this regard the DNCRP will issue circular shortly to form...

No gold import policy yet: smuggling galore

Shah Alam Nur | 2013-12-01 00:00:00

Bangladesh is yet to formulate a gold import policy. Its absence has led to a hike in smuggling depriving the country of millions of taka revenue earnings, officials and business concerns said. They said due to lack of a government...

Medicine, software will cost more after TICFA signing

Shamsul Huda | 2013-12-01 00:00:00

Prices of medicine, software and other IT products may increase in the local market as under the recently-signed TICFA the local manufacturers may have to pay royalty for US patented products. Pharmaceuticals and software industry experts said, though just after...

Iran shakes up foundation controlled by Ayatollah\\\'s business empire

Steve Stecklow of Reuters from London | 2013-12-01 00:00:00

A multi-billion dollar organization controlled by Iran's supreme leader shook up the management of its charity division, appointing as its new chief a man involved in the confiscation of thousands of properties from Iranian citizens. Aref Norozi was named director...

How China took control of an OPEC country\\\'s oil

Joshua Schneyer and Nicolas Medina Mora Perez | 2013-12-01 00:00:00

China's aggressive quest for foreign oil has reached a new milestone, according to records reviewed by Reuters: near monopoly control of crude exports from an OPEC nation, Ecuador. Last November, Marco Calvopiña, the general manager of Ecuador's state oil company...

Corporate espionage undermines democracy

Ralph Nader of Reuters | 2013-12-01 00:00:00

It's not just the NSA that has been caught spying on Americans. Some of our nation's largest corporations have been conducting espionage as well, against civic groups. For these big companies with pliable ethics, if they don't win political conflicts...

Combining traditional classroom knowledge with real-world expertise

Masum Billah | 2013-12-01 00:00:00

We are to prepare our learners to face the challenges of the 21st century. So, the old-school model of passively learning facts and reciting them out of context is no longer sufficient to prepare them to survive in today's world....

ICAB asks NBR to provide list of CA firms involved in ‘false auditing’

Mohammad Ali | 2013-12-01 00:00:00

The Institute of Chartered Accountants of Bangladesh (ICAB) has expressed zero level tolerance to any kind of unethical audit practice by its members as the revenue board recently claimed such professional misconduct. The institute also requested the NBR to provide...

Uncertainties over VAT payment by end-users

Akhter Zamil | 2013-12-01 00:00:00

Value Added Tax (VAT) is initially payable to the government by three categories of people-the manufacturers or producers, suppliers and then the buyers and service providers apart from the end-users. The time schedule for payment of VAT by classified people...

Politics beyond egotism

Md Abdullah Al Helal | 2013-12-01 00:00:00

Citizens of the country, irrespective their occupations, are passing through a hard time due to extreme political unrest. Political violence has reached an intolerable state and no one is feeling safe as the fallout from violence is seriously affecting the...

Beyond MDGs: An universal agenda

Salman Sakir | 2013-12-01 00:00:00

The Millennium Develop-ment Goals (MDGs) are eight international development goals that were established in 2000. An initiative of the United Nations, the MDGs have led to significant improvement in welfare of citizens around the world. Countries like Bangladesh, Ghana and...

Sharp rise in e-TINs as tax return deadline nears

Doulot Akter Mala | 2013-11-30 00:00:00

The National Board of Revenue (NBR) has witnessed a sharp rise in registration online for taxpayers' identification numbers (TINs) ahead of the December 1 deadline for submission of individuals' income tax returns. A total of 817,000 taxpayers registered online for...

ICB mulling ICB Islamic Bank takeover

Syful Islam | 2013-11-30 00:00:00

The state-run Investment Corporation of Bangladesh (ICB) is mulling taking over management of the ICB Islamic Bank Ltd through acquiring majority shares of the bank, sources said. In this regard, the ICB is in the process of buying 52.76 per...

A review of CPD\\\'s critique of the economy in FY 2014

Shamsul Alam | 2013-11-30 00:00:00

The paper Bangladesh Economy in FY 2014: Three Months after the Budget, Three Months before the Elections prepared by the Centre for Policy Dialogue (CPD), which was released to the press on October 22, 2013, mainly discusses about (i) what...

Making shareholders literate in auditing

Muhammad Aminul Hoque | 2013-11-30 00:00:00

Recently, this writer attended an annual general meeting of a listed company. Among the six agenda that were on the to-do list of the meeting, the second was the adoption of the financial statements. Before adopting the financial statements, shareholders...

TICFA: Issues, realities and possible fallouts

Md Joinal Abedin | 2013-11-30 00:00:00

Bangladesh singed the Trade and Investment Cooperation Framework Agreement (TICFA) with the USA on November 25th 2013. Mahbub Ahmed, Commerce Secretary to the government of Bangladesh and Wendy Cutler, Acting Deputy US Trade Representative signed the agreement on behalf of...

TICFA: Issues, realities and possible fallouts

Md Joinal Abedin | 2013-11-30 00:00:00

Bangladesh singed the Trade and Investment Cooperation Framework Agreement (TICFA) with the USA on November 25th 2013. Mahbub Ahmed, Commerce Secretary to the government of Bangladesh and Wendy Cutler, Acting Deputy US Trade Representative signed the agreement on behalf of...

Absence of seed DNA patent law endangers investments

Shamsul Huda | 2013-11-30 00:00:00

The government in its new draft seed policy has emphasised on registering patent rights of the parentage line seed and their DNA fingerprinting to protect investments in this sector, officials said. But Bangladesh is yet to enact law under intellectual...

PCBs elbowing out BPO in e-money service

Badrul Ahsan | 2013-11-30 00:00:00

Electronic Money Transfer Service (EMTS) of Bangladesh Post Office (BPO) is gradually losing its market share in the face of rapid expansion of various mobile money transfer services by private commercial banks (PCBs) and other operators, a high official said....

Stocks break gaining streak

Babul Barman | 2013-11-30 00:00:00

Stocks went down last week, breaking the fourth straight week of gaining streak as the investors went for selling spree amid political turmoil across the country. The presence of investors was thin on the trading floor almost throughout the week...

Enhancing children\\\'s capacity for coping disaster

Khabirul Haque Kamal | 2013-11-30 00:00:00

Disaster is a regular phenomenon and part of life and livelihood in the world including Bangladesh. Most of the year Bangladesh encounters manmade or natural disasters like flood, tornadoes, cyclone, river erosion, fire etc where children are a highly vulnerable...

The agony of admission-seekers and parents

Nilratan Halder | 2013-11-30 00:00:00

This is the time when students' fate is decided. Apart from those sitting for school final examinations of different classes, young learners appear for two public examinations of class V and class VIII. But the anxiety, agony and turbulence students...