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Enabling agricultural business

Helal Uddin Ahmed | 2019-10-31 12:00:00

There has been gradual worsening of the hunger situation globally over the past three years. Around 11 per cent or 821 million, of the world population were found to be undernourished in 2017. Over 150 million children are now estimated...

Digital farming globally 'can lift billions out of poverty'

AZM ANAS, from MANILA | 2019-10-31 00:00:00

The world can never escape poverty without financial inclusion, but connecting people in the backwater areas can make wonders, a leading tech entrepreneur has said. "Two billion people have no access to credit," said David Davies, founder and chief executive...

Most banks' EPS up in Jan-Sept

Babul Barman | 2019-10-31 00:00:00

The consolidated earnings per share (EPS) of most of the listed banks rose in nine months for January-September, 2019 compared to that of the same period last year.Market analysts said most of the banks' earnings soared in January-September 2019, due...

SDG implementation: UN turns to global investors for billions

Thalif Deen at UN Headquarters in New York | 2019-10-31 00:00:00

A Republican US Senator of a bygone era was once quoted as saying "a billion here, a billion there, and pretty soon you're talking about real money."And, not surprisingly, at the United Nations (UN), when it comes to the implementation...

Growth with minimal equitable sharing remains a key challenge

Sarwar Md. Saifullah Khaled | 2019-10-31 00:00:00

Economists and policy think-tanks have found a widening disparity in the country's economic growth with minimal equitable sharing of its benefits through proper redistribution of wealth. Also, a leading trade body, International Chamber of Commerce (ICC), Bangladesh, has identified two...

Many can't take part as new conditions tagged

NAZIMUDDIN SHYAMOL | 2019-10-30 00:00:00

CHATTOGRAM, Oct 29: The bidding to appoint new cargo berth operators for Chittagong Port Authority (CPA) has started but new conditions have been tagged for which many will not be able to take patt. The CPA has already completed the...

ADB wants city corp. to cede 'interventions'

AZM ANAS from Manila | 2019-10-30 00:00:00

Firing a broadside at the "interventionist" role of the city authorities, the Asian Development Bank (ADB) has said establishing private management for Dhaka's key wholesale markets is imperative to make their operations financially viable. "The current management of the wholesale...

Feasibility of floating terminal in Ctg afoot

SYFUL ISLAM | 2019-10-30 00:00:00

The feasibility study of the proposed floating terminal project at the outer anchorage of Chittagong port is set to start soon.The terminal, if and when completed, will facilitate unhindered movement of containers to and from Pangaon container terminal and help...

Plough $42b into farming by 2030

OUR SPECIAL CORRESPONDENT from MANILA | 2019-10-30 00:00:00

Asia and the Pacific nations, including Bangladesh, need to pump as much as US$42 billion into the agriculture sector by 2030 to eliminate hunger from the region, an authoritative study has reckoned.And the investments will yield $1.1 trillion in economic...

Hungry for solutions to a looming food crisis

Akmal Siddiq and Md. Abul Basher | 2019-10-30 00:00:00

The world has been witnessing an irrefutable reversal in the progress towards reducing hunger and malnutrition. Although Asia stands as an exception so far, the pace of reduction of hunger has slowed down in the region, indicating a similar reversal...

Reforming and revitalising NAM

Kamal Uddin Ahmed | 2019-10-30 00:00:00

The 18th Summit of the Heads of State and Government of the Non-Aligned Movement (NAM) was held from October 25 to 26 in Baku, Azerbaijan, with the theme, "Upholding the Bandung Principles to Ensure Concerted and Adequate Response to the...

Curbing meddling by the tobacco industry

Mary Assunta and Ulysses Dorotheo in Bangkok, Thailand | 2019-10-29 12:00:00

The tobacco industry's new rhetoric that smoking is harmful and that its so-called less risky products will reduce the global tobacco epidemic, should see the industry stop opposing or fighting government efforts to reduce tobacco use. However, this is not...

PMO steps in to uphold country's image abroad

Rezaul Karim | 2019-10-29 00:00:00

Against the backdrop of detecting harmful lead compound in turmeric, the Prime Minister's Office (PMO) has asked the authorities concerned to restrict export of the widely consumed spice and uphold the country's image abroad, officials said.It suggested imposing a complete...

BD's cereal output gets thumbs-up from ADB

A Z M ANAS, From Manila | 2019-10-29 00:00:00

The Asian Development Bank has lauded Bangladesh for achieving self-sufficiency in rice output, but voiced worry over falling income of the farming community."This progress was largely driven by the Green Revolution technologies that put high yielding seed varieties in the...

Govt focuses more on bank borrowing

SIDDIQUE ISLAM | 2019-10-29 00:00:00

The government borrowed nearly Tk 280 billion from the country's banking system in more than 100 days of the current fiscal year (FY) to meet the budget deficit, partially.A falling trend in sales of national savings certificates along with a...

Philips Curve: Flat, dormant or dead?

Abdullah A Dewan | 2019-10-29 00:00:00

High-growth monetary policy to combat unemployment tends to push inflation up and slow-growth policy to combat inflation tends to raise unemployment. This inverse inflation - unemployment trade-off has been a short-run phenomenon because the aggregate supply (AS) curve is moderately...

Consumers at receiving end

Shamsul Huq Zahid | 2019-10-28 12:00:00

Consumers have always been at the receiving end in this country. Sellers and providers of essential goods and services do hike prices of their goods and services at will and bother little about quality. The media, as observed world over,...

Metro rail company functioning without paid-up capital

MUNIMA SULTANA | 2019-10-28 00:00:00

The metro rail company has been functioning for the last five years without paid-up capital as this important provision is absent in the official document of the organisation.Sources said in absence of paid up capital, the Ministry of Finance (MoF)...

FTA with US to benefit BD

SYFUL ISLAM | 2019-10-28 00:00:00

Bangladesh looks to sign a free trade area (FTA) deal with the United States as it failed to get restored the generalised system of preferences (GSP) facility.The Bangladesh Tariff Commission (BTC) has recently studied the pros and cons and found...

NBR clears confusion over 'input' definition

DOULOT AKTER MALA | 2019-10-28 00:00:00

The National Board of Revenue (NBR) on Sunday identified a number of products and services that cannot be shown as inputs (raw materials) for claiming VAT rebate.The Value Added Tax (VAT) wing under the NBR has issued an order which...

Catching Hilsha in defiance of ban

Neil Ray | 2019-10-28 00:00:00

The 22-day ban on Hilsha fishing is in its last leg. By the time the ban comes to an end on October 30, the authorities will not feel particularly pleased with the performance of the various agencies responsible for enforcement...

Economic diplomacy: South and South-East Asian perspective

Muhammad Abdul Mazid | 2019-10-28 00:00:00

Economic diplomacy is the use of the full spectrum economic tools of the state to achieve its national interest, including external economic sector, foreign aid or official development assistance, export, import, foreign investment, lending, free trade arrangements, joint economic commissions....

Farm credit disbursement picks up

Siddique Islam | 2019-10-27 00:00:00

Farm credit disbursement grew by nearly 2.0 per cent in the first quarter (Q1) of fiscal year (FY) 2019-20, as demand for such loan started generating after floods.Disbursement rose to Tk 35.55 billion from July to September of FY '20...

FSIBL growth embarks on tech, diversification

Siddique Islam | 2019-10-27 00:00:00

First Security Islami Bank Limited (FSIBL) is committed to meet need-based customers demand through introducing new product and services, the bank's top executive said.The Shariah-based Islami bank has also put thrust on bringing the unbanked people into the banking network...

Sustainable development and education

Manssour Bin Mussallam in Geneva | 2019-10-27 00:00:00

By the time of publication, representatives, senior officials, and Heads of State and Government of 120 countries from around the world will have converged on Baku in Azerbaijan for the XVIIIth Summit of the Non-Aligned Movement (NAM).To many, it may...

Govt plans fair rawhide prices from next Eid

Rezaul Karim | 2019-10-26 00:00:00

The government plans to introduce a system of fixing rational prices of rawhide of sacrificial animals from next Eid-ul-Azha in a bid to prevent repeat of the price debacle seen this year, officials said.To this end, the authorities concerned for...

BFSA to intensify watch on errant hotels next week

TALHA BIN HABIB | 2019-10-26 00:00:00

Bangladesh Food Safety Authority (BFSA) will intensify its monitoring drive against errant hotels and restaurants from the next week considering the interests of the consumers.As part of the move, the national agency for ensuring hygiene and food safety has taken...

Jute ministry pushes for steps on tariff barrier

REZAUL KARIM | 2019-10-26 00:00:00

The Ministry of Textiles and Jute has sought necessary government steps to settle the issue of anti-dumping duty imposed by India on Bangladeshi jute goods, officials said.In a letter, Textiles and Jute Minister Golam Dastagir Gazi has recently requested Commerce...

Stocks end flat after volatile trading

Babul Barman | 2019-10-26 00:00:00

Stocks finished almost flat in the outgoing week that ended on Thursday as investors mostly followed cautious stance amid ongoing volatile market trend.Week on week, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 1.01 points...

Premier Bank puts thrust on financial inclusion, digitisation

Ismail Hossain | 2019-10-26 00:00:00

The Premier Bank Ltd is putting all its efforts to move from a conventional bank with digital transformation, said its managing director M. Reazul Karim on Thursday. In an interview with the Financial Express to mark the celebration of the...