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BB advises banks to remain alert about impending risks

Siddique Islam | 2009-03-15 00:00:00

The central bank has advised the local banks to remain cautious about impending risks involving credit, market, liquidity and other related aspects to face the ongoing global economic recession."The present global financial turmoil highlights the importance of addressing unexpected aspects...

China concerned over safety of its assets in US

From Fazle Rashid | 2009-03-15 00:00:00

NEW YORK, March 14: China has a foreign exchange reserve of $2000 billion, the largest in the world. More than 70 per cent of the $2000 billion are in dollar denominated assets. Prime Minister of China Wen Jiabao expressed concern...

Deflation fears rise for China

Jamil Anderlini | 2009-03-15 00:00:00

BEIJING: Prices paid by Chinese consumers fell for the first time in more than six years last month, the latest official data showed.The figures prompted warnings from economists that the government must act quickly if the country is to avoid...

Many Bangladeshis with valid visas unemployed in Malaysia

Munima Sultana from | 2009-03-15 00:00:00

Kuala LumpurA large number of the Bangladeshi workers who have come to Malaysia with valid calling visas are either unemployed or underemployed.Bangladeshi workers living in different parts of Kuala Lumpur, including 'Bangla Town' in Kota Raya, while talking to this...

poem

Mother of Bangalees | 2009-03-15 00:00:00

Faruque AsifOh! My great mother tongue,You have the honour and cordial love.You are the expectation of Bangalees.The symbol of protest, own rights of MotherYou are the impulse of movement and struggle.Unless you came of, this nation would die.Oh! dear motherYou...

Many advantages of waking up early to study

M A Islam | 2009-03-15 00:00:00

IN today's age of cell phone, Internet, satellite channels and many other attractions to keep oneself busy, it has been very usual for students to keep late hours at night. Also, in university dormitories in Bangladesh, it has been a...

Possible fallout from China-US naval standoff

Chris Buckley | 2009-03-14 00:00:00

A confrontation between a US navy ship and Chinese naval vessels off the Chinese island of Hainan has raised tensions between the two sides at a time of global economic crisis. The United States and China are deeply interdependent in...

Obama stands with his allies, of course

Andrew Taylor | 2009-03-14 00:00:00

In proposing only modest changes in how lawmakers finance their pet projects, President Barack Obama tossed aside a golden opportunity to work with Sen. John McCain. Instead, the president stood foursquare with his Democratic allies, the people he needs most...

Pakistan: Earning distinction as a failing state

Enayet Rasul Bhuiyan | 2009-03-14 00:00:00

Pakistanis are in the habit of blaming others for their troubles. Most of the time, their accusing finger is pointed towards India. At other times, it is the United States (US) which is cited as the villain keeping Pakistan in...

Making life from scratch

Syed Fattahul Alim | 2009-03-14 00:00:00

Man is scouring the known universe through his most advanced telescopes to see if there is intelligent life elsewhere other than on earth. In fact, the search is more about life than about intelligent life per se. That is because,...

Stimulus to the private sector

Mohsin Ali | 2009-03-14 00:00:00

It has been over a month and half since the new government took charge of the economy including governance over vital areas of economic policies. Even before the changeover, there was noted advocacy that Bangladesh should be preparing in haste...

Anti-AIDS strategy

Mohammad Shahidul Islam | 2009-03-14 00:00:00

To avoid the experience of the neighbouring countries Bangladesh needs to adopt short- and long-term strategies against the possible of HIV/AIDS. The marginalised sections of the society are more vulnerable to HIV/AIDS. Ignorance and lack of access to information make...

Conserving plant genetic resources at community level

Rashal Md Iqbal Khan | 2009-03-14 00:00:00

A good number of villagers in Bangladesh invests considerable time and energy in subsidiary economic gardening. This is often in the form of a vegetable garden and tree orchard in whatever household land is available to them. In fact, this...

US households lose $11.1t of wealth in 2008

From Fazle Rashid | 2009-03-14 00:00:00

NEW YORK, March 13: The US households lost $5.1 trillion of their wealth in the last three months of 2008, worst in the past 57 years, the Federal Reserve revealed yesterday. The full year loss has been estimated at $11.1...

Vegetables in the export basket

Khademul Islam | 2009-03-14 00:00:00

Bangladeshi agricultural products have good demand in the UK, USA, Europe and the Middle East. But the export to these destinations, so far, is far below the potential. One of the main reasons of this is inadequate investment in agriculture.Of...

DSE turnover sets new record boosted by BB repo rate cut

Kayes M Sohel | 2009-03-13 00:00:00

Turnover at the Dhaka Stock Exchange (DSE) crossed Tk 6.00 billion for the first time in history, lifted by the central bank's short term interest rate cut that signalled easing of credit for the private sectors.Manufacturing, power and pharmaceutical shares...

The great tragedy at BDR headquarters

Syed Jamaluddin | 2009-03-13 00:00:00

The human tragedy of BDR Headquarters is enormous. Not only the officers were killed but even some of the members of their families met the same fate. The number of officers killed at BDR Headquarters is far higher than those...

Ups and downs in manpower export

Syed Fattahul Alim | 2009-03-13 00:00:00

As the economic recession that started in the western hemisphere is gradually engulfing the rest of the developing world, recently its impact is being felt on Southeast Asia. Bangladesh, though it has not yet been sucked into the maelstrom of...

Central bank sets up debt management dept

Siddique Islam | 2009-03-13 00:00:00

The central bank has set up Debt Management Department to handle public debt efficiently and boost the secondary securities market."The new department will act as an implementing agency of the public debt management," a senior official of the Bangladesh Bank...

Proliferation of frauds keeps mounting in US

From Fazle Rashid | 2009-03-13 00:00:00

NEW YORK, March 11: The proliferation of frauds has kept mounting keeping equal pace with the deceleration and contraction of economy. The federal and state investigators here in US are preparing for a surge of prosecutions of financial frauds.The US...

Killing at BDR HQ: National security and broader unity

Md. Masum Billah | 2009-03-13 00:00:00

ABOUT two weeks have elapsed since the country witnessed the brutal killing and massacre that took place in the Bangladesh Rifles (BDR) headquarters, the heavily guarded fort standing as a symbol of national security. A group of 'heavily armed youths,'...

Improving tax collection

Emdadul Haque | 2009-03-12 00:00:00

A government needs resources to take up various projects and programmes in the social and developmental sectors. The resources in large measures are supposed to be mobilised as taxes given by people and organisations. But as everyone concerned probably knows...

When roads are liabilities

Salahuddin Ahmed | 2009-03-12 00:00:00

ROAD networks in Bangladesh have been expanded tremendously over the years. But the country is not getting the optimum returns from this development. Roads are vital for the growth and development of any economy. Roads facilitate business activities and movement...

BB cuts interest rate on repo

Siddique Islam | 2009-03-12 00:00:00

The Bangladesh Bank (BB) has slashed its interest rate on repurchase agreement (repo) after nearly seven months aiming to offset the ongoing global financial recession through boosting fresh investment, officials said.The interest rate on repo auction was re-fixed at 8.50...

Malaysia cancels 55,000 visas of Bangladeshi jobseekers

Md. Fazlur Rahman | 2009-03-12 00:00:00

The Malaysian government Tuesday cancelled visas for more than 55,000 Bangladeshi jobseekers, who are due to enter that country soon.Expatriate Welfare and Overseas Employment Minister Khandaker Mosharraf Hossain said the government is closely monitoring the issue."If necessary, the foreign minister...

news digest

Israeli airstrike hurts two | 2009-03-12 00:00:00

Palestinians in GazaGAZA, Mar 11: Two Palestinians were wounded early Wednesday when Israeli warplanes fired rockets at the border line between the Gaza Strip and Egypt, medical sources said. Mu'awia Hassanein, director of emergencies at the health ministry, said two...

Merchant banking licence

Muhammad Ataul Haque | 2009-03-12 00:00:00

In the backdrop of an earlier announcement by the Securities and Exchange Commission (SEC) that more licences would be granted for operating merchant banking, a recent meeting of the commission for selection of the prospective licensees proposed by the selection...

For a more predictable management of power and energy gap

Syed Fattahul Alim | 2009-03-10 00:00:00

WITH the advent of summer, the city people are again faced with the old problem of power shortage in the form of load-shedding or outage. The fear is that the problem may take crisis proportions this year given the fact...

New direction for investments in education

Enamul Haque | 2009-03-10 00:00:00

Whether redundant types of education are being favoured over the forms of education that help the creation of human resources is posing increasingly as a serious question in the context of Bangladesh. Clearly, the country requires not the creation of...

Asia's multibillion-dollar remittance flow drying up

Sandeep Malakar | 2009-03-10 00:00:00

OVER the past three to four years, one of Asia's fastest growing industries has been exporting workers, especially to the oil-driven, construction-crazed economies of the Middle East.Remittances have become a major contributor to foreign exchange earnings and gross domestic products...