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State telco in death throes

ISMAIL HOSSAIN | 2020-01-25 00:00:00

The state-owned Bangladesh Telecommunications Company Limited (BTCL) has been losing around 50,000 clients of its landline phone every year since the fiscal year 2011-12. The number of landphone connection has halved over the last one decade, mainly due to the...

Stocks rebound strongly on govt move

Babul Barman | 2020-01-25 00:00:00

Stocks rebounded strongly in the outgoing week, snapping a two-week losing streak amid growing investors' confidence in the market.Week on week, DSEX, the prime index of the Dhaka Stock Exchange (DSE), soared 364 points or 8.77 per cent to settle...

Putting focus on Sunamganj Haor basin

Mohammad Abdul Ahad | 2020-01-25 00:00:00

Sunamganj, a district located in far north-eastern region of the country, is a culmination of vast geographic diversity. The district sits along the base of Meghalaya hills and itself embodies some of the largest Haors of the country. Such geographic...

Are man and animals on a collision course?

Nilratan Halder | 2020-01-25 00:00:00

A group of hanumans (long tailed langurs) -- sounds like humans and certainly humanoid in traits -- arrives at a police station in Jessore. A baby monkey was hurt as local people attacked it when the flock went there looking...

Centralised vs decentralised banking operations

Md. Reajul Haque | 2020-01-25 00:00:00

Financial system of Bangladesh is mainly bank-based and private commercial banks have been playing a pivotal role in this area. In the 80's, denationalisation of banks was a major leap for the formal banking sector to play the intermediary role...

Public transport agenda in city corps polls

Asjadul Kibria | 2020-01-25 00:00:00

Lofty promises offered by the mayoral candidates in the upcoming city corporations polls, scheduled to be held on February 01 this year, clearly acknowledge that Dhaka and its inhabitants are in deep trouble. Flawed plan coupled with distorted development has...

Will 2020 World Economic Forum deliver on combating climate change?

Eco Matser in Amsterdam, Netherlands | 2020-01-25 00:00:00

For the first time, the world's elites meeting this year at Davos have listed environmental issues as their top concerns about the next decade.The WEF's annual Global Risks Report raises the alarm on increased extreme weather events, manmade environmental damage...

Walking the talk of stakeholder capitalism

Richard Samans and Jane Nelson in Davos, Switzerland | 2020-01-25 00:00:00

The role of corporate boards has never been more important, nor subject to as much scrutiny, as it is today. The technological, environmental, geopolitical, and socio-economic transformations of the past two decades are driving a re-examination of the prevailing corporate-governance...

United move to be airborne again!

REZAUL KARIM | 2020-01-24 00:00:00

The busted United Airways has made a fresh move to resume flight operations nearly four years after it suspended the service, sources said.The privately-owned airline, saddled with liabilities, recently sought the prime minister's intervention and necessary directives to this effect.Reviewing...

Bank debt tops Tk 500 billion

SIDDIQUE ISLAM | 2020-01-24 00:00:00

The government's net bank borrowing crossed Tk 500 billion until middle of this month, compelled by the need for meeting budget deficit, officials said.Falling trend in sales of national savings certificates coupled with a shortfall in revenue collection has led...

Maersk to launch trade finance services in BD

SYFUL ISLAM | 2020-01-24 00:00:00

Danish conglomerate Maersk is set to introduce trade finance services in Bangladesh to make capital available for its customers in Bangladesh, officials have said.The digital trade finance solution of Maersk Group, the world's largest container shipping company, is available as...

Worrying trend in essentials' prices

Shamsul Huq Zahid | 2020-01-24 00:00:00

Although the holy month of Ramadan is three months away, consumers have already started worrying about the possible price situation. They have genuine reasons to do so. Usually, the prices of some items the consumption of which goes up substantially...

An uncaring economic system

Nilratan Halder | 2020-01-24 00:00:00

The Oxfam report on global inequality published only days before the World Economic Forum in Davos, Switzerland has once again confirmed that the gap between the rich and poor is widening. As reported, 2,153 billionaires the world over now have...

Market signals for higher interest rates!

Asjadul Kibria | 2020-01-24 00:00:00

The government's move to keep both the interest rates on lending and deposit in banks at single digit level appears misleading. For more than a year, country's policymakers have been pressing to fix interest rate on lending at 9.0 per...

Engineering univ for rail transport proposed Experts bin the idea

Munima Sultana | 2020-01-23 00:00:00

The Bangladesh Railway (BR) has initiated to establish a railway engineering university under public-private partnership (PPP) amid a dearth of experts to support traditional and modern train transportation.But some rail officials and experts criticise it, citing that railway engineering is...

Local edible oil exporters in a tight spot

SYFUL ISLAM | 2020-01-23 00:00:00

India has imposed restrictions on edible oil import in its market, which has started taking toll on Bangladesh's exports to the neighbouring country, officials say.While the control is not country-specific, it goes against the spirit of the South Asian Free...

User experience designing urgent in digital age

Touhid Kamal | 2020-01-23 00:00:00

Companies globally are increasingly spending on user experience (UX) research and design in recent years. According to a study by Forrester, a global consultancy and research firm, on average every US dollar spent on UX brings 100 times return. Touhid...

Boosting apparel export to China

Sultana Yesmin | 2020-01-23 00:00:00

Huge trade imbalance is one of the major issues of concern for Bangladesh-China economic relations. Since the beginning, balance of trade has been overwhelming against Bangladesh and the growth rate of bilateral trade has remained highly in favour of China....

BB body’s report cites some hurdles

Siddique Islam | 2020-01-22 00:00:00

The Bangladesh Bank (BB) committee has submitted its report to the BB governor, mentioning some challenges for bringing down interest rates on both lending and deposit to the single digit level."We've submitted our report to the central bank governor for...

Positive perceptions are prized

Muhammad Abdul Mazid | 2020-01-22 00:00:00

Be it an ordinary person or an organiser of socio-economic development, he, while doing many good jobs, fails to be in command for some fatal mistakes. He often wonders why others can not perceive progress and laments 'though I have...

From digital diplomacy to data diplomacy

Cathryn Clüver Ashbrook in Cambridge, Massachusetts, USA | 2020-01-22 00:00:00

The digital revolution arrived late at the heart of ministries of foreign affairs across the Western world. Ministries latched on to social media around the time of Tahrir Square and Iran's 2009 Green Revolution, beguiled by a vision of the...

Farm credit disbursement goes up

Siddique Islam | 2020-01-21 00:00:00

Farm credit disbursement grew by more than 5.0 per cent in the first-half (H1) of the current fiscal year (FY), 2019-20, as demand for such loan has been picked up due to seasonal effects.Disbursement of agriculture loan rose to Tk...

NBR to cut duty benefit on 21 power plant items

DOULOT AKTER MALA | 2020-01-21 00:00:00

The National Board of Revenue (NBR) is going to cut duty-free benefit on import of 21 types of power plant equipments, categorising them 'locally available and consumable products.'The decision has been taken in a bid to check duty evasion through...

Govt asks BB to instruct banks to act accordingly

REZAUL KARIM | 2020-01-21 00:00:00

The government has asked the central bank to immediately instruct all commercial banks for taking all necessary measures to facilitate quick imports of some 17 essential commodities by traders, officials said. Retail prices of essential goods fluctuate wildly due to...

Bangladesh-UAE: Deepening relations

Kamal Uddin Ahmed | 2020-01-21 00:00:00

The United Arab Emirates (UAE) is the Middle East's second largest economy, after the Kingdom of Saudi Arabia (KSA). With a small population of over 9.3 million, six per cent of the world's oil reserves and highly advanced infrastructure, the...

Streamlining food market: Introducing AMIS

Jahid Ebn Jalal and Jonaed | 2020-01-21 00:00:00

Bangladesh is primarily an agrarian economy. Agriculture is the largest productive sector of the economy employing around 50 per cent of the total labour force. Performance of this sector has a tremendous impact on major macroeconomic goals such as food...

High cost of living inflicts the commoners

Sarwar Md. Saifullah Khaled | 2020-01-21 00:00:00

Difficulties faced by the commoners and prices of daily essentials are always interrelated. As prices of essential items are soaring without any respite, life of the common man has become more difficult of late. It the people from the lower...

Of 'pleasure trips' and dev project vehicles

Shamsul Huq Zahid | 2020-01-20 12:00:00

The Roads and Highways Department (RHD) has reportedly placed before the Planning Commission (PC) a Tk 2.83 billion project, designed to protect a bridge on Dhaka-Barishal Highway from river erosion, for approval. There is nothing unusual in submission of the...

BB rolls out capital mkt support plan this week

SIDDIQUE ISLAM | 2020-01-20 00:00:00

The central bank is set to announce a long-term comprehensive plan this week aiming to support sustainable development of the country's capital market.Under the plan, the Bangladesh Bank (BB) will provide both liquidity and policy supports to the banks along...

ADR under Family Court Ordinance, 1985

Delwar Hossain | 2020-01-20 00:00:00

Alternative Dispute Resolution (ADR) is a process of dispute settlement outside the formal judicial system through mutual compromise and agreement by the parties themselves with the third party facilitating the process. In true sense, ADR is the process of resolving...