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India pushes for bypassing PPR

SYFUL ISLAM | 2020-01-14 00:00:00

India has been, allegedly, pressing Bangladesh to allow its companies to participate in international tenders, floated by the latter, without meeting the criteria set in the Public Procurement Rules 2008.Since December 2016, the Indian High Commission in Dhaka has issued...

Formation of spl. intel unit in MoC suggested

REZAUL KARIM | 2020-01-14 00:00:00

A mid-level government official has suggested creating a special trade intelligence unit in the Ministry of Commerce (MoC) to help maintain price stability in the country's kitchen market.A report prepared by the official has also suggested forming several small teams...

Lebanon's perfect storm

Ishac Diwan in Beirut, Lebanon | 2020-01-14 00:00:00

In retrospect, financial crises usually appear predetermined; but rarely do they offer much clarity about history's direction. That is certainly the case in Lebanon today, where a predictable crisis has thrown the country into a state of deep uncertainty.Since Lebanon's...

Private sector development requires regulatory reforms

Md. Joynal Abdin | 2020-01-14 00:00:00

The country's achievements so far are the outcomes of efforts and hard works by private sector players and of policy supports from the public sector, i.e. the government. Bangladesh is on a transformational growth path attaining per capita gross domestic...

Alarming rise in drug abuse

Sarwar Md. Saifullah Khaled | 2020-01-14 00:00:00

The Department of Narcotics Control (DNC) data shows that the number of patients with drug addiction problems has gone up alarmingly in recent times. As many as 114 patients were taking treatment at public and private rehabilitation centres on average...

How sustainability to climate change may foster human development

Lamia Mohsin and Sirazoom Munira | 2020-01-14 00:00:00

How does climate change, an often intangible condition, affect lives of people who are not part of the consumption or production cycle contributing to rise in global temperatures? Human development today stands on a critical threshold, as social and political...

Ctg-8 by-election today

NAZIMUDDIN SHYAMOL | 2020-01-13 00:00:00

CHATTOGRAM, Jan 12: The by-election to Chattogram 8 constituency will be held on Monday (January 13). The constituency fell vacant following the death of Moin Uddin Khan Badal.The Election Commission (EC) has already sent all equipments for holding the by-election....

Let's give trade a chance

Mia Mikic and James Gregory Gallagher in Bangkok, Thailand | 2020-01-13 00:00:00

Imagine going through the day without consuming or using some product, service, data, technology, personal contact, or payment which has not - at least in some part - crossed one or more national borders before reaching you.We live in a...

Pitha utsab: A nostalgic journey

Neil Rays | 2020-01-13 00:00:00

Pitha's English translation is cake but the twins hardly ever meet to convey the same tasty treat. While pitha has a local, rather rural flair about it, cake has an aura of foreign culinary elitism. In cities and towns pithas...

Making forex bonds popular

Shamsul Huq Zahid | 2020-01-13 00:00:00

Bangladesh bond market, where the government remains the key player, has been more of a non-entity. The corporate bonds are fewer in numbers and funds against those are generally raised through private placement. The truth is that the prevailing environment...

Social disutility of the superrich

Anis Chowdhury in Sydney and Jomo Kwame Sundaram in Kuala Lumpur | 2020-01-13 00:00:00

The latest November 2019 UBS/PwC Billionaires Report counted 2,101 billionaires globally, or 589 more than five years before. Earlier, Farhad Manjoo had seriously recommended, 'Abolish Billionaires', presenting a moral case against the super-rich as they have and get far, far...

Shrinking returns hurt bank depositors' interest

DOULOT AKTER MALA | 2020-01-12 00:00:00

The return on depositors' money in banks has been shrinking gradually, mainly due to regulatory and fiscal measures.A bank depositor receives a minuscule slice of profits or a negative return after deduction of source tax on interest, excise duty on...

Renata clocks 20pc growth against mkt growth of 17pc

Mohammad Mufazzal | 2020-01-12 00:00:00

Listed pharmaceutical company Renata witnessed a steady growth in net profit for the last three fiscal years (FYs) as the company maintained its high professional standard in manufacturing 'quality' medicines.The company reported its net profit of above Tk 3.82 billion...

The US escalates tension in the Middle East

Abdur Rahman Chowdhury from Falls Church, Virginia, USA | 2020-01-12 00:00:00

The assassination of Iranian General Qasem Soleimani, the commander of the Iranian Revolutionary Guard's elite Quds Force and Abu Mahdi al-Muhandis, a powerful Iraqi militia leader at the Baghdad International airport on January 03 escalated tension between Iran and the...

Changing world and small farms

Abdul Bayes | 2020-01-11 12:00:00

A research by the Center for Development Research (ZEF) of the University of Bonn, reveals interesting insights into the changing agriculture and small farms throughout the world. It sheds light on how small farms have evolved in the changing agricultural...

Ins for govt, pvt buildings to be made mandatory

SYFUL ISLAM | 2020-01-11 00:00:00

The government has moved to bring all public and private buildings under the mandatory insurance coverage to reduce the losses caused by disasters, officials said.A pilot project will be taken soon to expedite the process, they said.The decision was taken...

Local apps yet to fully grab market

ISMAIL HOSSAIN | 2020-01-11 00:00:00

Local mobile apps have failed to fully penetrate the market for a lack of both big investment and quality Internet service, experts and industry insiders said.Digitisation of data and the total Internet ecosystem are also responsible for the use of...

Most BR projects risk delays

MUNIMA SULTANA | 2020-01-11 00:00:00

A move to raise the level of platforms of all rail stations to train floor height is likely to slow down most development projects of the Bangladesh Railway (BR) and increase the project cost. The decision taken by the government...

Dilemma of self-sufficiency or trade openness

Luke Emeka Okafor and Muhammad Shafiullah | 2020-01-11 00:00:00

Following India's ban on onion export aimed at controlling its own domestic market, the onion prices rose dramatically in Bangladesh in late 2019. A number of factors have contributed to a sharp increase in onion prices, such as over-reliance on...

Making protest against sexual violence count

Nilratan Halder | 2020-01-11 00:00:00

Protests were massive and loud on Dhaka university campus. Yet it must be admitted that the national revulsion and outrage at sexual violence perpetrated on a DU student fell far short of the desirable. Students of the premier university are...

Australia's bushfires bring mounting pressure to reduce greenhouse gases

Neena Bhandari in Sydney, Australia | 2020-01-11 00:00:00

As nature's fury wreaked havoc across Australia, reducing to ashes all that came in its way - people, flora, fauna, picturesque historic towns and villages once popular with local and overseas tourists - it was unlike anything the country had...

Justice Murshed: A source of inspiration

K Sallahuddin | 2020-01-11 00:00:00

I met Justice Murshed in his twilight years when he had become frail and ailing, yet one could notice his greatness and the respect he commanded. Having been introduced by the late Shamsur Rahman as a young poet, whenever I...

Rail stations need passenger-friendly platforms

Asjadul Kibria | 2020-01-11 00:00:00

A platform is an integral part of a rail station. It is a solid ground infrastructure alongside a railway track and provides convenient access to and exit from trains. Generally, almost all train stations have some type of platforms. Without...

Chemical godowns to be built by June: Minister

TALHA BIN HABIB | 2020-01-10 00:00:00

The government has started building 54 temporary godowns at Shyampur in the city cost around Tk 800 million.Once constructed, the inventories will store chemical products while ensuring public safety. Industries minister Nurul Majid Mahmud Humayun laid on Thursday the foundation...

BD benefits from WTO membership

ASJADUL KIBRIA | 2020-01-10 00:00:00

Membership of the World Trade Organisation (WTO) has boosted the GDP of Bangladesh by $1759.73 million in 25 years, according to a study conducted by a global think-tank. The country has gained 2.47 per cent of its Gross Domestic Product...

Exploiting country's food production potential

Shamsul Huq Zahid | 2020-01-10 00:00:00

The content of a report published recently by the Food Planning and Monitoring Unit (FPMU) of the food ministry is enough to arouse both frustration and hope as far as the production of food is concerned. The report said the...

Economic growth and poverty reduction

Nilratan Halder | 2020-01-10 00:00:00

At a time when the economic growth the world over has been forecast by the International Monetary Fund (IMF) in October at 3.0 per cent -the lowest since 2008-9, Bangladesh has recorded its highest ever growth rate at 8.15. The...

NBR relaxes VAT waiver terms for API industries

DOULOT AKTER MALA | 2020-01-09 12:00:00

The National Board of Revenue (NBR) has relaxed conditions for availing VAT waiver by the active pharmaceutical ingredient (API) industries.From now on, the API industries will be able to avail the VAT benefit on import of raw materials by adding...

Dhaka to nudge Delhi for prior notice

SYFUL ISLAM | 2020-01-09 00:00:00

Bangladesh will request India to notify it at least six months before it slaps ban on any commodity export, officials said.They said the urging will be made at the Indo-Bangla commerce secretary-level meeting scheduled for mid-January in New Delhi.A sudden...

BR reassessing project cost

MUNIMA SULTANA | 2020-01-09 00:00:00

Bangladesh Railway (BR) is reassessing the cost of the Padma Rail Link Project (PRLP) estimating an increase of Tk 10 billion for land acquisition (LA) to the government agencies for their land, sources said.Besides, they said the project office will...