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Unique sacrifice of a sister for her brother

Neil Ray | 2020-01-20 00:00:00

A third-year student at Goizhou Forerunner College in China, Wu Huayan captured media attention last October all across the world for sisterly sacrifice. The 24-year old Chinese girl started leading a most frugal life on just 2.0 yuan ($0.30) a...

New challenges Davos faces

Alexander Friedman, Jerry Grinstein, Larry Hatheway and Charles C. Krulak in Davos, Switzerland | 2020-01-20 00:00:00

The World Economic Forum's annual flagship meeting this year (January 21-24) will focus on how to build a more cohesive and sustainable world. As always, the topic is timely, but also a little abstract. To help give it more concrete...

Receipts from top 20 items dip

DOULOT AKTER MALA | 2020-01-19 00:00:00

Tax collection from top 20 imported items has plummeted by 39 per cent during the first half of the current fiscal year, in a major blow to the revenue target.The National Board of Revenue, or NBR, received Tk 34.11 billion...

DMTCL in catch-22 with Thai builder

MUNIMA SULTANA | 2020-01-19 00:00:00

The Dhaka Mass Transit Company Limited (DMTCL) is in a dilemma with a Thai contractor for not carrying its scheduled work on the mass rapid transit (MRT) line-06 in time.Sources said the Italian-Thai Development PLC has not only fallen through...

When life imitates art

Arlene J. Schar and David Leffler | 2020-01-19 00:00:00

The movie Wag the Dog was released a generation ago, one month before a presidential scandal which invited comparisons between that film and the reality of that time. Now, 23 years later, we find ourselves in the midst of yet...

How developing countries create industrial champions

Reda Cherif, Fuad Hasanov, and Sabine Schlorke in Washington, DC | 2020-01-19 00:00:00

For many firms in emerging and developing economies, emulating the success of the likes of Samsung and Hyundai may seem like an impossible dream. But the rapid economic growth of Japan, South Korea, and other Asian countries in the second...

Climate change and financial risk

Pierpaolo Grippa, Jochen Schmittmann, and Felix Suntheim in Washington DC | 2020-01-19 00:00:00

Climate change is already a reality. Ever-more-ferocious cyclones and extended droughts lead to the destruction of infrastructure and the disruption of livelihoods and contribute to mass migration.Actions to combat rising temperatures, inadequate though they may have been so far, have...

Fintech: Revisiting financial inclusion

Shakhawat Hossain from Geelong, Australia | 2020-01-19 00:00:00

With the rise of fintech, people feel comfortable to use digital wallets provided by fintech financial service providers linked with banks. In Bangladesh, banks are operating digital wallets through their subsidiaries -- mobile financial service (MFS) providers. Mass people maintain...

Salman suggests amending Companies Act 1994

REZAUL KARIM | 2020-01-18 12:00:00

An adviser to the prime minister has requested the commerce ministry to expedite the process of amending the Companies Act to help improve business environment in the country.Prime minister's adviser on private industry and investment Salman F Rahman in a...

Crop diversification

Abdul Bayes | 2020-01-18 12:00:00

Rice, a crop predominantly influencing Bangladeshi diet seems to have lost some grounds. Urbanisation, sustained income growth and a decline in poverty "are continuing to change consumption patterns and heighten demand for a more diverse range of agricultural products". Consumers...

Japanese 41st ODA fund use unsatisfactory

SYFUL ISLAM | 2020-01-18 00:00:00

The fund disbursement for 31 projects under the 41st Official Development Assistance (ODA) programme in nine months was only 42 per cent of the target which Japanese officials termed as unsatisfactory. The Japan International Cooperation Agency (JICA) and the Economic...

'Medical tourism': Improving healthcare domestically

Raqibul M Anwar | 2020-01-18 00:00:00

An article in a leading Bengali daily titled "The lion's share of the money for healthcare overseas is going illegally" should be regarded as ominous. The article ends with the conclusion drawn by a learned former governor of Bangladesh Bank...

How much international is DITF?

Nilratan Halder | 2020-01-18 00:00:00

Winter has many a treat for the Dhakaites. One of them is the Dhaka International Trade Fair (DITF) where a pleasure outing gets happily blended with commercial interests. People -- mostly families -- often in their best of attire visit...

A test case of PPP in double-decker BRTC bus

Asjadul Kibria | 2020-01-18 00:00:00

More than two decades later, the Bangladesh Road Transport Corporation (BRTC) has re-launched double-decker bus service on Dhaka-Narayanganj route. With 75 seating capacity in each bus, the non-Air Conditioned (AC) service brings a relief for the regular passengers. The reduced...

Stores bank on EFD shift move

DOULOT AKTER MALA | 2020-01-17 00:00:00

Retail shops and outlets except superstores are not issuing invoices from electronic devices, taking advantage of a transition from one device to another.They are evading value added tax (VAT) trading on a government move to introduce electronic fiscal device (EFD)...

Women's leadership in politics, democracy and development

S. M. Rayhanul Islam | 2020-01-17 00:00:00

Women's leadership role in political spheres as well as development activities remains a serious concern worldwide. Recognition of the importance of women's effective participation and representation in democratic processes has been widely acknowledged, and that genuine democratic elections must contribute...

Use of 'old script' in a rudderless market

Shamsul Huq Zahid | 2020-01-17 00:00:00

A small group of 'investors' on Tuesday last took to the streets in the business district of Motijheel protesting the current state of the country's stock market. Such a street protest is nothing new for the investors. They have been...

Stemming violence against children

Nilratan Halder | 2020-01-17 00:00:00

The brutal torture an eighth grade student from Sunderganj, Gaibandha was subjected to brings, once again, to the fore that Bangladesh society is increasingly becoming inimical to and at times sadistic towards children. Defenceless as children and women are in...

Achieving SDGs: Aligning private sector incentives with public goals

Zubayer Hossen and Nadeera Sultana | 2020-01-17 00:00:00

The world is moving towards a future demanding an inclusive society - a society where everyone will enjoy the benefits of economic development, social inclusion and environmental sustainability irrespective of religion, gender, skin colour, caste, region etc. The Sustainable Development...

The end of the free-market paradigm

Diane Coyle in Cambridge | 2020-01-16 12:00:00

The 2020s will be the decade when the idea that economic problems can be "left to the market" to solve is finally put to rest - after some 40 years during which that belief has caused untold damage to society...

Cybersecurity threats call for a global response

David Lipton in Washington DC | 2020-01-16 12:00:00

Last March, Operation Taiex led to the arrest of the gang leader behind the Carbanak and Cobalt malware attacks on over 100 financial institutions worldwide.This law enforcement operation included the Spanish national police, Europol, FBI, the Romanian, Moldovan, Belarusian, and...

MoFA for relaxing fumigation test of cotton imported from USA

REZAUL KARIM | 2020-01-16 00:00:00

The Ministry of Foreign Affairs (MoFA) has favoured relaxing the provision for fumigation test of imported cotton from US at the port of entry.Foreign minister Dr. A. K. Abdul Momen has requested agriculture minister Dr. Muhammad Abdur Razzaque to take...

Surge in zero-tax filers

DOULOT AKTER MALA | 2020-01-16 00:00:00

The submission of zero income tax returns by both individuals and companies has risen significantly in the current fiscal year.This has raised concern among tax officials who sense the concealment of actual income by the taxpayers.The income tax wing of...

Tomorrow’s leaders join beach cleanup campaign

Dewan Tarikul Mannan | 2020-01-16 00:00:00

Over the last decade, the number of tourists in Cox's Bazar has increased exponentially. This huge number of tourists is regularly damping waste like chips packets, polythene, plastic bottles etc. And it is being tough for beach authorities alone to...

Thrust on developing alternative sources of long-term financing

Govt to 'bring down interest rate to single digit': BB | 2020-01-15 12:00:00

Bangladesh Bank Governor Fazle Kabir on Tuesday said that the government is trying to bring down the lending interest rate to single digit which is expected to be implemented from April next to facilitate growth of the economy, reports BSS."The...

Desperate Biman again seeks fiscal concessions

SYFUL ISLAM | 2020-01-15 00:00:00

Biman Bangladesh Airlines, the national flag carrier, has pleaded for converting its Tk 25 billion debt to the government into equity and waiving another Tk 27 billion it owes to two state entities, officials have said.Biman made the appeal in...

Move on to ensure carrying of govt cargoes by BSC ships

Nazimuddin Shyamol | 2020-01-15 00:00:00

CHATTOGRAM, Jan 14: The Ministry of Shipping (MoS) has taken a move to ensure that all freights imported by state from other countries and regions are brought in the country by the ships owned by Bangladesh Shipping Corporation (BSC).Sources said,...

DMTCL yet to finalise site for last station of MRT line-6

Munima Sultana | 2020-01-15 00:00:00

The site for the last station of mass rapid transit line-6 on the southern side of the city has not yet been finalised despite 40 per cent progress in its construction work, sources said.Dhaka Mass Transit Company Limited (DMTCL) still...

Australia's wildfires part of a vicious cycle of food & fire

John Leary and Lindsay Cobb in Silver Springs, Maryland, Australia | 2020-01-15 00:00:00

"Unprecedented." "Hell on Earth." "Catastrophic." In Australia, these terms are being used to describe 17.9 million acres of burned land so far. While fires of this magnitude are certainly unprecedented, they're far from unexpected.Climatologists have warned that the changing climate...

Govt to invest $1.0b in ship-building yard

TALHA BIN HABIB | 2020-01-14 00:00:00

The government in collaboration with two foreign companies will build a modern ship-building yard in southern Patuakhali, an official said. The state-of-the-art ship building yard along with backward linkage industry will be built on 105 acres of land at Charnishanbaria...