Finance News: Latest Financial News, Finance News today in Bangladesh

Export of halal food: The compliance factor

The potential of exporting halal food, particularly meat, from the country is yet to be tapped despite its high prospect -- not in the Muslim countries alone but elsewhere as well. Considering the hygiene of cattle slaughter, the market of halal meat is growing fast in most Western countries, not...

Who really creates value in an economy?

After the 2008 global financial crisis, a consensus emerged that the public sector had a responsibility to intervene to bail out systemically important banks and stimulate economic growth. But that consensus proved short-lived, and soon the public sector's economic interventions came to be viewed as the main cause of the...

Strawberries and needles

Not too long ago Bangladesh suffered crunching bans on export of frozen shrimp due to an unscrupulous Group heavying up weight using metallic substances. The practice was abhorrent but it also spoke volumes about the inspection process of finished products at both ends of the spectrum. It required diplomacy, due...

On Digital Security Act

The third president of the United States of America, Thomas Jefferson had said, "Were it left to me to decide whether we should have a government without newspapers, or newspapers without a government, I should not hesitate a moment to prefer the latter."The press is called the fourth pillar of...

GDP growth and rising inequality

Bangladesh Bureau of Statistics (BBS) has recently revealed that the final estimation of gross domestic product (GDP) for fiscal year 2018 will be around 7.87 per cent. It is amazing that Bangladesh has continued to achieve GDP growth over 6.0 per cent for years together. With the gradual increase in...

Increasing passport validity will help citizens

The government is considering a move to increase validity of passport from five to 10 years. If this step is taken, a lot of Bangladeshis, including migrant workers and frequent travellers, will be extremely benefitted.Getting a passport renewed is rather time-consuming as every day a lot of people go to...