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India accepts BSTI certificates for only 15 BD export items

Syful Islam | 2013-11-29 00:00:00

Neighbouring India accepts certificates of the Bangladesh Standards and Testing Institution (BSTI) only on 15 export items while the most other items in the export basket miss the facility. Traders said the non-tariff barrier was impeding Bangladesh's exports to India...

14 banks see Q3 capital shortfall on higher NPLs

Siddique Islam | 2013-11-29 00:00:00

Fourteen commercial banks faced a shortfall of capital in the third quarter to September last of the current calendar year (CY) mainly due to the higher volume of non-performing loans (NPL), officials said. "The banks had to maintain more provisions...

Country\\\'s earnings to double this year

Jamal Uddin | 2013-11-29 00:00:00

The country's earnings from freelance IT outsourcing are expected to double this calendar year over last year, mainly due to active participation of the young professionals, coupled with cost advantages. Insiders expect the industry to fetch foreign exchange to tune...

Banks maintaining a stiff policy in promoting ecological balance

Mohammad Ali | 2013-11-29 00:00:00

Country's banks are maintaining a stiff policy in promoting the ecological balance as per the central bank orders while disbursing loans which, many believe, would help the industries grow on sustained basis. Many also noted that assessment of environmental risk,...

Warsaw talks: Concerns over climate finance

Sultana Yesmin | 2013-11-29 00:00:00

The high-level ministerial dialogue on climate finance, namely Warsaw Climate Change Conference, took place from November 20-23  at Warsaw in Poland to pave the way for a new global climate deal. The two-part ministerial dialogue was mandated by the Conference...

Containing seasonal rural unemployment

Shahana Bilkis | 2013-11-29 00:00:00

Rural economy is marked by shortage of job opportunities twice a year before each harvesting season. Thousands of day labourers face extreme hardship because of limited work opportunity and suffer from seasonal hunger during these times. Such seasonal unemployment is...

Women\\\'s representation in parliament is not all

Nilratan Halder | 2013-11-29 00:00:00

In terms of women's representation in national parliament worldwide, Bangladesh ranks 71st among 188 countries, according to the Inter-parliamentary Union (IPU). On the face of it, the ranking -- eight slots ahead of the United States of America (USA) --...

Arab Spring: Looming spectre of confusion and crisis

Md. Abdullah AL Mamun | 2013-11-29 00:00:00

The phrase 'Arab Spring' has become a buzzword since the early 2011, when mass revolts took place in most of the northern African Arab countries. This series of revolt was initiated by a Tunisian vegetable vendor, Mohamed Bouazizi, on  December...

Potential risks of exporting merchandise

Syed Ashraf Ali | 2013-11-29 00:00:00

A broad spectrum of business community in Bangladesh are familiar with 'letter of credit'  but many are not aware of the nuances, complexities and, most importantly, the hidden risks of doing business through this system of settling cross border payments....

Offer to run BTMC mills under PPP gets poor response

Shah Alam Nur | 2013-11-28 00:00:00

A government move to run the state-owned textile mills on the public-private partnership (PPP) basis did not yield any results due to poor response from private entrepreneurs, officials said.   None of the 18 units under the Bangladesh Textile Mills Corporation...

The mess Pakistanis made of themselves: Rise of the mullah

Zafar Hilaly from Karachi | 2013-11-28 00:00:00

Much of the news nowadays is bad. Pakistanis are leaving in great numbers; also fleeing the country is capital - as much as $25 million a day, while incoming foreign investment has been reduced to a trickle. Multinationals like Shell...

Ups and downs of the share market

Syed Jamaluddin | 2013-11-28 00:00:00

The share market was rising fast in the first two years of this government. But an unprecedented decline occurred in the third year. It continued in the fourth year. In the final year, political instability influenced the market. In overall...

Beyond legal lacunas

Shamsul Huq Zahid | 2013-11-27 00:00:00

Country's stock market, these days, hardly makes front-page news headlines. After the great crash of 2010, the media took interest for sometime in the developments involving the probe into the stock market scam by the Khandaker Khaled Ibrahim committee and...

The significance of TICFA for BD

Habibullah N Karim | 2013-11-27 00:00:00

At 10 in the morning USA Eastern Standard Time Monday Bangladesh and the USA executed the Trade and Investment Cooperation Forum Agreement (TICFA) after nearly 12 years of wrangling. In the intervening period and even after the signing of the...

Construction material prices up despite poor demand

Badrul Ahsan | 2013-11-27 00:00:00

Prices of all types of construction materials have increased significantly despite poor demand in the face of ongoing political turmoil mainly due to the unholy activities by mill authorities and the wholesalers, retailers and users said. According to different market...

Forced lending to China SMEs may risk more harm than good

Pete Sweeney and Gabriel Wildau of Reuters from Shanghai/Wenzhou | 2013-11-27 00:00:00

Beijing's strategy to reroute money away from state-owned giants towards smaller firms to help fuel the economic transformation behind its reform plans is less of a success than it may seem on the surface. Lending has increased in line with...

Russia: Where has all the money gone?

William E Pomeranz of Reuters | 2013-11-27 00:00:00

Russian President Vladimir Putin has had a good run over the past few months. Edward Snowden, the former NSA contractor, landed on his doorstep, a gift from the PR gods. Agreement on Syria went from no chance to golden opportunity...

JICA assures BD of higher support

Munima Sultana | 2013-11-27 00:00:00

The Japan International Cooperation Agency (JICA) will continue its financial and technical cooperation to Bangladesh, considering the country's importance in the region and in connecting Japan with Europe through different Asian countries. Dr Takao Toda, chief representative of Japan International...

B\\\'desh to put satellite in orbit to do away with high rent charges

Shamsul Huda | 2013-11-27 00:00:00

Spending money to rent satellite links for the growing number of television channels and other purposes has for some time been on the increase by ten per cent every year in the country, sources said. In the year 2011, the...

Mobile operators brace for tough contest with BWA licencees in data business

Jamal Uddin | 2013-11-27 00:00:00

Country's mobile phone operators are bracing for a tough competition with their BWA (Broadband Wireless Access) counterparts in data based business due to providing dedicated broadband internet service facility to the BWA licencees. Following recent BWA guideline amendment, the BWA...

Unemployment triggers political and social unrest

M Jalal Hussain | 2013-11-27 00:00:00

A common agenda of political leaders, politicians, economists, entrepreneurs and professionals all over the world is how to control and truncate the unemployment rate, and how to generate new jobs.   Writing for the World Socialist web site, Kate Randall observes:...

Fallout of unrest over RMG minimum wage

Shahana Bilkis | 2013-11-27 00:00:00

Recent incidents like fire in the Tazreen Fashions, the Rana Plaza collapse and suspension of GSP facilities in the US market have rendered exports of apparel from Bangladesh more challenging than before. After all these events, several market analysts foresaw...

UN climate body gets mandate to assist developing countries

Quamrul Islam Chowdhury in Warsaw | 2013-11-27 00:00:00

Good news from the COP-19, UN Climate Change Conference 2013, which concluded in Warsaw, Poland on November 23. All clouds surrounding climate-induced loss and damage are now over! After decades of debate, emotional and heated arguments, an international mechanism on...

Private companies allowed to get more foreign loans

Siddique Islam | 2013-11-26 00:00:00

Private companies will be able to get access to more foreign loans -- amounting to an aggregate sum of US$71.75 million -- from overseas sources shortly to help expand their business activities, officials said. Twelve cases for their obtaining loans...

BD, US sign TICFA deal

Syful Islam | 2013-11-26 00:00:00

Bangladesh and the USA signed the much-talked-about Trade and Investment Cooperation Forum Agreement (TICFA) deal in Washington on Monday aiming to bolster bilateral trade and investment, officials said. Bangladesh's commerce secretary Mahbub Ahmed and United States Deputy Trade Representative Wendy...

Bangladesh seeks investment for telecom sector in ITU summit

Jamal Uddin back from Bangkok | 2013-11-26 00:00:00

Most of the third world countries including Bangladesh sought funding and investment opportunities from donor agencies and telecom giants for development of telecom infrastructure, especially for fiber optics connectivity. The authorities of those countries raised the issue at the "Connect...

Process of reviewing mid-term budgetary expenditure begins

Rezaul Karim | 2013-11-26 00:00:00

The Ministry of Finance (MoF) has initiated the process of the reviewing the medium-term budgetary expenditure for the current fiscal year (FY) 2013-14, official sources said. Besides, the budgetary wing of the MoF will also project budgetary allocations for the...

Mohan Mia: A politician of exceptional qualities

Enamul Haq | 2013-11-26 00:00:00

In remembering Yusuf Ali Choudhury, popularly known as Mohan Mia, one is struck by the fact that since his death on November 26, 1971 at the age of 66, there has not appeared in our political scene another kingmaker so...

Economic uplift of the ultra poor

Abdul Bayes | 2013-11-26 00:00:00

Nur Banu, aged 35, can possibly hit headlines of newspapers on her heroic economic performance. Hers is a tale of how she graduated from ultra poor status to a moderate poor in her village in only two years.  It may...

Arms Trade Treaty: How far from expectation?

Sultana Yesmin | 2013-11-26 00:00:00

Following the dire need for non-proliferation of both nuclear and conventional weapons, world leaders -- mostly from the West -- have come forward to build a 'nuclear weapons-free world' by agreeing to an international arms trade treaty. This year, the...