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Insurance regulator seeks staff, operating fund

Asaduzzaman Pallab | 2011-03-20 00:00:00

Asaduzzaman PallabInsurers' watchdog Insurance Development and Regulatory Authority (IDRA) has submitted an organogram to the Finance Ministry, seeking staff and budget. Finance Ministry officials said, IDRA has sought 170 manpower including four members and 4 executive directors. The authority also...

Insurance regulator seeks staff, operating fund

Asaduzzaman Pallab | 2011-03-20 00:00:00

Asaduzzaman PallabInsurers' watchdog Insurance Development and Regulatory Authority (IDRA) has submitted an organogram to the Finance Ministry, seeking staff and budget. Finance Ministry officials said, IDRA has sought 170 manpower including four members and 4 executive directors. The authority also...

Exports to Japan may suffer

Talha Bin Habib | 2011-03-20 00:00:00

Talha Bin Habib Bangladesh's move to make inroad into the multi-billion dollar Japanese clothing market may suffer a jolt after the country was ravaged by triple disasters of an earthquake, a tsunami and a nuclear meltdown. Bangladesh Knitwear Manufacturers and...

Friendly relations between teachers and students: Why it is important

FE?Special | 2011-03-20 00:00:00

FE?SpecialDURING our student life, we first go to primary school, then secondary school, then college and at last to university. We come across many teachers at every stage. Some of them become our favourites. We become fond of those teachers...

Gaddafi a special creature: Hillary

From Fazle Rashid | 2011-03-19 00:00:00

From Fazle Rashid NEW YORK, Mar 18: India and Brazil, alongwith Germany, China and Brazil, abstained from voting on the resolution, adopted by the United Nations Security Council (UNSC) yesterday, authorising military action, including air strikes against Libyan tanks, and...

NPL situation improves in SCBs

Nazmul Ahsan | 2011-03-19 00:00:00

Nazmul AhsanThe state-owned commercial banks (SCBs) expect to improve their loan recovery position in the current calendar year, 2011, following the recruitment of more officials by them to make an effective drive for reducing the amount of classified loans in...

NBR won't give information about taxpayers to ACC

Doulot Akter Mala | 2011-03-19 00:00:00

Doulot Akter MalaThe National Board of Revenue (NBR) will no longer provide any information, in any written form, to the Anti-Corruption Commission (ACC) for the latter's investigation into charges of graft against alleged corrupt individuals, in order to protect taxpayers'...

Obama tours S America to deliver and promote business

Yi Aijun and Lin Yu | 2011-03-19 00:00:00

Yi Aijun and Lin YuWith wife and daughters in his company, U.S. President Barack Obama will on Friday kick off a five-day tour of South and Central America to deliver as well as promote business, analysts say. In Santiago, Chile,...

Crisis in timber industry

Nehal Adil | 2011-03-19 00:00:00

Nehal AdilNowhere the devastating blow of the SIDR which struck nearly three years ago is as visible as in the timber sector. The Sundarbans is the main centre of our timber industry. It was nearly gone. Have we replanted the...

Severe traffic jam on highways forces people to turn to rails

Munima Sultana | 2011-03-19 00:00:00

Munima SultanaPassengers are now increasingly turning to railway to reach their destinations during extended holidays to avoid journey by roads and highways. This is mostly because of the horrific traffic jams that keep thousands of travellers stranded on the highways...

DNCRP to recruit required manpower soon

Talha Bin Habib | 2011-03-19 00:00:00

Talha Bin Habib The Directorate of National Consumer Rights Protection (DNCRP) will be able to recruit required manpower soon, as the concerned ministry is likely to give approval to its recruitment proposals this month. "We have sent proposals to the...

FDI scenario receives a sharp boost with $3088.51m offer

Shah Alam Nur | 2011-03-19 00:00:00

Shah Alam NurThe Board of Investment (BoI) has registered proposals worth US$ 3088.51 million in 2010 as foreign direct investment (FDI) in different sectors, an amount which is five times higher than that in 2009. According to BoI data, the...

Taleban now open to talks if security is guaranteed

From Fazle Rashid | 2011-03-18 00:00:00

From Fazle RashidNEW YORK, Mar 17: All three parties involved in the war in Afghanistan -- the government, the US and Taleban -- are looking for a negotiated settlement. The Talebans have moved away from their once intractable stand about...

B'desh segment of TAR routepreparation shows progress

Munima Sultana | 2011-03-18 00:00:00

Munima SultanaThe railway track linking Bangladesh with the Trans-Asian Railway network is likely to be established within two to three years. The Bangladesh Railway (BR) has made progress in the projects related to the missing track development, line conversion and...

Say 'no' to violence, power abuse, graft

Talha J Ahmad | 2011-03-18 00:00:00

Talha J AhmadSoon Bangladesh will celebrate her 40th anniversary of Independence and step into the fifth decade of her existence. The government has undertaken a massive programme to celebrate the auspicious occasion in a grand manner and allocated handsome funds....

Bai-Muajjal: How it functions

Afzalul Haq | 2011-03-18 00:00:00

Afzalul HaqWith the pace of growth of Islamic banking system around the globe, interest of the mass to know the subject has also been remarkable. People are found particularly interested to know the mechanisms through which Islamic banks collect deposits,...

Central bank allows only PDs to submit bid for next quarter

Siddique Islam | 2011-03-18 00:00:00

Siddique Islam The Bangladesh Bank (BB) has allowed only primary dealers (PDs) to submit bids in the primary auction of the government securities for the next quarter of this year. "We've decided that only the PDs will submit the bid...

Saudis set to employ big number of Bangladeshis

Syful Islam | 2011-03-18 00:00:00

Syful IslamSaudi Arabia is set to end its "unofficial" freeze on large-scale recruitment of unskilled workers from Bangladesh, boosting hopes that Dhaka will reclaim its top position in the Kingdom's job market, officials said Thursday. The Middle Eastern country almost...

S'pore firm offers to raiseMongla port use capacity

Syful Islam | 2011-03-17 00:00:00

Syful IslamA Singaporean company has proposed to invest $750 million to develop the Mongla port with a view to raising the utilisation of the port's capacity, officials said Wednesday. Port Evolution Management Limited (Port-Evo), an agent of Singaporean port consultancy...

Enthusiasm and realism with nuclear power plant

Dr Aminul Islam Akanda | 2011-03-17 00:00:00

Dr Aminul Islam AkandaElectricity generation is a demand-led priority sector in Bangladesh. The country has a shortage of 1,500 to 2,000 megawatt (MW) electricity at present. It is estimated that there will be an additional demand for 21,000 MW by...

Marked rise in industrial credit disbursement

Siddique Islam | 2011-03-17 00:00:00

Siddique Islam Industrial credit disbursement recorded a significant rise by over 30 per cent in the second quarter (Q2) of the current fiscal compared to the corresponding period of the last fiscal, indicating an upward trend in investments. The disbursement...

Human beings are still helpless before nature

Zaglul Ahmed Chowdhury | 2011-03-17 00:00:00

Zaglul Ahmed ChowdhuryJapan, one of the most technologically advanced nations of the world that has shown its economic prowess on a global scale, is facing the worst situation since the world war II, with destruction of an unimaginable proportion to...

Dhaka decides not to open its service sector for now

Nazmul Ahsan | 2011-03-17 00:00:00

Nazmul AhsanBangladesh has decided not to open up its service sector immediately for the South Asian countries after examining the pros and cons of the more. The Ministry of Commerce (MoC) has decided not to commit any service sub-sector to...

Dhaka pushes for jt trade meeting with Yangon

Syful Islam | 2011-03-16 00:00:00

Syful Islam Bangladesh is interested to hold the joint trade commission (JTC) meeting with Myanmar sooner to boost imports from the Southeast Asian nation, which could ease Dhaka's commodity price, trade officials said. The government had earlier asked the commercial...

SEC finalises guideline on buy-back

Mohammad Mufazzal | 2011-03-16 00:00:00

Mohammad MufazzalThe securities regulator has finalised a guideline on buy-back by imposing two-year restriction on liquidity expansion in a move to help the government bring amendment in Companies Act 1994, officials said. The Securities and Exchange Commission (SEC) has designed...

Chinese firm may get feasibility study job for Karnaphuli tunnel

Munima Sultana | 2011-03-16 00:00:00

Munima SultanaThe ambitious project of constructing a tunnel under the Karnaphuli river will be placed before the cabinet purchase committee today (Wednesday) to get its nod for carrying out a feasibility study. The Bangladesh Bridge Authority (BBA) has undertaken the...

Dhaka to sign APTA services pact by June

Nazmul Ahsan | 2011-03-16 00:00:00

Nazmul AhsanThe country will a sign trade in services deal with several Asian and south-east Asian nations by June after the law ministry lifted its reservation about a key content of the proposed pact, officials said Tuesday. Law ministry had...

Dealing with corporate "dalals"

Shamsul Huq Zahid | 2011-03-16 00:00:00

Shamsul Huq Zahid The central bank, reportedly, issued last Monday a circular asking the banks not to force their borrowers to take policies from insurance companies of their (banks") choice. Such a circular, in fact, has been overdue for long....

Footwear sector witnesses robust growth

Badrul Ahsan | 2011-03-13 00:00:00

Badrul AhsanThe country's footwear sector has witnessed a handsome growth in the last couple of years as both foreign and local entrepreneurs invested big amount of funds to avail more shares in the global market. According to the Board of...

SEC moves to make training must for top stock traders

Mohammad Mufazzal | 2011-03-13 00:00:00

Mohammad MufazzalThe securities regulator is set to make training on capital market management a must for top officials of brokerages and merchant banks in an effort to help increase supply of quality professionals for the stock market. Chairman of the...