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Govt may ban meat import

REZAUL KARIM | 2020-01-09 00:00:00

The government is working on a proposal to ban frozen meat import for promoting local production and saving foreign currency, sources said."A meeting is scheduled to be held on January 15 to take a decision is this regard," said an...

Data integrity, empirical research and economic planning

Abdullah A Dewan | 2020-01-09 00:00:00

Former Finance Minister AMA Muhith, while speaking at a two-day research almanac organised by the Bangladesh Institute of Development Studies (BIDS) in Dhaka, has applauded the studies and research pursued at BIDS while deprecating research pursued at private institutions. He...

When climate activism and nationalism collide

Kemal Dervis in Washington, DC | 2020-01-09 00:00:00

There is an overwhelming consensus among scientists that this decade will be the last window for humanity to change the current global trajectory of carbon dioxide emissions so that the world can get close to zero net emissions by around...

H1 corporate taxes from large units miss target by Tk 5.67b

DOULOT AKTER MALA | 2020-01-08 00:00:00

At least five large commercial banks paid less in corporate tax in the last fiscal year than that of the previous year, thus, adding to the woes of the National Board of Revenue (NBR).The five were among the top nine...

Integrated savings tools policy in the offing

Rezaul Karim | 2020-01-08 00:00:00

The government is close to formulating a new policy on national savings instruments with setting an investment ceiling of Tk 10 million on three schemes, according to Department of National Savings. The three schemes are: 5-year Bangladesh Sanchayapatra, 3-monthly profit-bearing...

Climate change: How to help millions displaced each year by disasters

Steven Goldfinch and Rebekah Beatrice Ramsay | 2020-01-08 00:00:00

Almost 75 per cent of the world's disaster displacement in 2018 - that's over 12.6 million people forced to relocate from their homes - occurred in Asia and the Pacific.According to recent modeling by the Internal Displacement Monitoring Centre, an...

Government borrowing: Keeping a close watch on inflation

Asjadul Kibria | 2020-01-08 00:00:00

Slower growth of private credit has sparked a debate in the country. Some argue that it reflects lower demand of capital for private investment which may ultimately affect the overall economic growth. Again, some others argue that excessive borrowing by...

Tea production rises to 95m kg in 2019

Nazimuddin Shyamol | 2020-01-07 00:00:00

CHATTOGRAM, Jan 06: Though tea production has increased significantly in Bangladesh in the just-ended decade, the country's annual tea production has not yet surpassed its domestic demands, industry insiders and officials said.The total annual tea production in the country is...

Proper medical, e-waste management essential

Sarwar Md. Saifullah Khaled | 2020-01-07 00:00:00

Waste management, these days, has become essential but difficult at the same time. All kinds of wastes including e-waste, hospital and medical wastes are in a shambles. These are putting public health in jeopardy and environment in peril.So much wastes...

Trump's blind march to War

Djavad Salehi-Isfahani in Washington, DC | 2020-01-07 00:00:00

Before US President Donald Trump decided to withdraw his country from the Joint Comprehensive Plan of Action (JCPOA) in May 2018, Javad Zarif, Iran's foreign minister and the nuclear agreement's chief Iranian architect, was the most popular public figure in...

Move on to prepare master plan for mass transit

MUNIMA SULTANA | 2020-01-06 00:00:00

An initiative has been made to formulate a master plan for a mass transit system in Chattogram city that is also in the grip of gridlock like Dhaka city.Officials said road transport and bridges ministry sat with all stakeholders recently...

BB asks committee for fresh report

SIDDIQUE ISLAM | 2020-01-06 00:00:00

A central bank committee has been reassigned to prepare a fresh report on single-digit interest rates on both lending and deposit after reviewing the overall banking situation.It has also been asked to submit the report to the governor within 10...

BSFIC starts feasibility study on revamping state sugar mills

TALHA BIN HABIB | 2020-01-06 00:00:00

The Bangladesh Sugar and Food Industries Corporation (BSFIC) has initiated a feasibility study as part of its plan to modernise at least 15 state-owned sugar mills that are in dire states, both technically and financially. A meeting held at the...

Service of exemplary honesty

Neil Ray | 2020-01-06 00:00:00

He is an assistant town sub-inspector working for the criminal branch of the Gazipur highway police super's office. Not a high ranking position but Mustafizur Rahman elevated his status to such an enviable level that no designation can earn. Yes,...

The bank interest rate puzzle

Shamsul Huq Zahid | 2020-01-06 00:00:00

The agreement reached between the finance minister and the banking sector leaders to lower the lending rate to the single digit from April 01 next, if implemented, would fulfil a long-standing demand of the businesses. The private sector credit growth...

Achieving key goal faraway

DOULOT AKTER MALA | 2020-01-05 00:00:00

The new VAT (Value Added Tax) law has mostly been transformed into its 1991 version because of myriad changes made during the past six months, critics have said.Economists were critical of this edition, saying changing the provisions of the fresh...

Active BO accounts down 7.25pc in 2019

Mohammad Mufazzal | 2020-01-05 00:00:00

The number of active BO (beneficiary owner's) accounts declined 7.25 per cent in the just concluded calendar year from the number of accounts observed at the end of previous year.The officials familiar with the matter said a good number of...

How ownership concentration is happening, and why it matters

Alissa Amico in Dubai | 2020-01-05 00:00:00

If the global economy were a chess game, few pieces would be left on the board. Most would be relegated to the role of bystanders, observing a concentration of power in the hands of an ever-dwindling number of global players....

Need for ensuring women’s safety in train

Asjadul Kibria | 2020-01-04 12:00:00

Considered a safer mode of transport, women usually prefer travelling on trains. But the Bangladesh Railway is yet to ensure adequate safety, security and comfort for the majority of female passengers. These are reflected in the absence of exclusive compartments...

Discriminatory credit market

Abdul Bayes | 2020-01-04 12:00:00

The widely held view is that institutional credit is likely to reach first to the larger farmers. The poorer ones starve despite their dire needs for the adoption of input-intensive modern agricultural technologies. In consequence, differentiation of peasantry and polarisation...

Pvt credit unlikely to grow: Bankers

SIDDIQUE ISLAM | 2020-01-04 00:00:00

Private credit growth is unlikely to pick up in the near future as most of the banks are reluctant to provide fresh loans after the move to enforce a single-digit interest rate.The government and the top bankers last week agreed...

Stocks snap four-week losing streak

Babul Barman | 2020-01-04 00:00:00

Stocks posted a modest gain last week, snapping a four-week losing streak as bargain hunters showed their appetite on sector-wise issues. Week-on-week, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 40.45 points or 0.92 per...

BIDA to hold roadshow to woo FDI

Rezaul Karim | 2020-01-04 00:00:00

The government is set to hold road shows in different countries within next few months aiming to attract more foreign direct investment (FDI), officials said.The road show will kick-start from China to cover Beijing and Guangzhou. It is likely to...

A promise to blue economy

Engr. Md. Mahfuzur Rahman, Dr. Quamrul Ahsan, Dr. Anisul Haque, Dr. Munsur Rahman, Dr. Shampa and Dr. Shamal C. Das | 2020-01-04 00:00:00

Over the past 48 years since independence, Bangladesh has made significant progress across the socio-economic spectra. The GDP has grown many times and the economy has transformed from an agrarian base to a modern manufacturing and service economy. The exceptional...

New Year wishes for the distressed humanity

Nilratan Halder | 2020-01-04 00:00:00

Almost all people have their special fond wishes for the New Year. Even a child treasures in his/her small bosom a dream to be realised -one that eluded him or her before-in the year beckoning on the horizon. Everyone also...

Strengthening regulation of Islamic banks

Md. Kausar Alam | 2020-01-04 00:00:00

Shariah Governance (SG) outlines how Islamic financial institutions (IFIs) follow the Shariah principles in conducting their business functions. In global practices, there are two types of SG system -- centralised and decentralised. Countries, such as Malaysia, Bahrain, Pakistan, Indonesia, United...

Containing intra-regional imbalance in coastal districts

Muhammad Abdul Mazid | 2020-01-04 00:00:00

Disparity with respect to district GDP or the share of the individual district in the country's GDP (gross domestic product) may largely be attributed to the size of the district. But empirical studies strongly contradict this general hypothesis, particularly in...

Achievements and challenges in Bangladesh education

S. M. Rayhanul Islam | 2020-01-03 00:00:00

Realising Potential: Bangladesh's Experiences in Education By Samir Ranjan Nath Published by Academic Press and Publishers Library, 2016Pages: 228, ISBN: 978-984-92427-1-0 The education system that we see in today's Bangladesh is basically inherited from British-India. Expansion of education among the...

Where ignorance represents misery

Shamsul Huq Zahid | 2020-01-03 00:00:00

Finance Minister AHM Mustafa Kamal has made a candid admission that he fails to understand the reasons for the country's stock market behaving differently in an otherwise buoyant economy.The economy posted a robust 8.15 growth in the immediate past fiscal....

Not all is well on children's education front

Nilratan Halder | 2020-01-03 00:00:00

With pictures of little angelic faces -- mostly of girls and all smiles -- splashing the front pages of newspapers on the first day of the year 2020, the nation could not think of a more propitious beginning of the...