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Govt to set up tea plant in Panchagar

Rezaul Karim | 2019-10-17 00:00:00

The government is set to establish a tea processing plant in the northern district of Panchagar, aiming to create a level playing field for all the tea planters, sources said.They said the initiative has been taken to ensure fair price...

Livestock ministry seeks ban on meat import

TALHA BIN HABIB | 2019-10-17 00:00:00

The ministry of fisheries and livestock (MoFL) has requested the government to impose restrictions on the import of frozen processed meat in order to protect the local livestock industry, officials said.In a letter sent to the Ministry of Commerce (MoC)...

Civil engineering fest attracts tomorrow’s leaders

Ebtesam Al-Haque | 2019-10-17 00:00:00

"Cennovation", an annual technical festival at Islamic University of Technology (IUT) returned with its fifth edition after experiencing tremendous success consecutively, with the tagline "Building within the limits of nature" this year. The daylong event was sponsored by Seven Rings...

Portrait of an insurance legend

Sanaul Haq Khan | 2019-10-17 00:00:00

He was born Md Azizus Samad. M.A. Samad was the short form. Mula was his nickname, used among his family and close friend circle. His adoring juniors called him Mula Bhai with enormous love and affection. Others who had the...

The coming AI spring: Preparing to manage its onset with care

James Manyika and Jacques Bughin in London | 2019-10-17 00:00:00

Artificial intelligence (AI) is all around us, generating excitement about how it could increase prosperity and transform our lives in multiple ways. Yet the technology is also likely to be disruptive. Policymakers and businesses must therefore try to capture the...

The world mustn't sleep-walk into another debt crisis

Patricia Scotland | 2019-10-17 00:00:00

Trade wars, protectionism, and nationalist rhetoric are combining to create the possibility of a nightmare debt crisis that could be worse than any previously experienced. Global borrowing is now at the highest levels since the 1950s - and history suggests...

Infrastructure fund opposed

SYFUL ISLAM | 2019-10-16 00:00:00

The Ministry of Finance (MoF) has opposed forming the proposed national infrastructure fund and suggested enhancing the lending capacity of two state-run financers instead to fund public-private partnership projects, officials said. The MoF has decided to provide Tk 20 billion...

BR accepts one proposal, rejects two others

MUNIMA SULTANA | 2019-10-16 00:00:00

The Bangladesh Railway (BR) has accepted only one proposal from a Japanese company for a project to develop a multimodal transport hub at Kamalapur railway station under the public-private partnership (PPP) modality.Two more proposals from a separate Japanese company for...

Lalon Shah - a bard, a philosopher

ZM Aminul Islam | 2019-10-16 00:00:00

JHENIDAH, Oct 15: Lalon Shah is the king of Bauls, a unique mystical tradition of rural Bengal. In Bengali culture Lalon has become an icon of religious tolerance. Widely celebrated as an epitome of religious forbearance, he was also accused...

Economics of health care -- the demand and supply sides

Hasnat Abdul Hye | 2019-10-16 00:00:00

From time to time, discussions on health care in Bangladesh take place in various forums. It is also a subject of some importance in the print media which publishes various news and reports, depending on occasions. Almost the same views...

Corporate tax reduction in India: What should Bangladesh do?

Mirza Azizul Islam | 2019-10-16 00:00:00

The Government of India recently announced reduction of corporate income tax rates. The highlights of the announced measures are: * Reduction of tax rates for firms that do not seek any exemptions from 30 per cent to 22 per cent.*...

Online VAT return submission skids

DOULOT AKTER MALA | 2019-10-15 00:00:00

None of the businesses could submit the online VAT (value added tax) returns until now of this fiscal year due to a technical glitch in the server, officials said.Despite several attempts, they said, a number of large companies could not...

Demystifying why US economic growth is lacklustre

Abdullah A Dewan | 2019-10-15 00:00:00

The US gross domestic product (GDP) grew at a rate of more than three (3.0) per cent for much of the 1980s and 1990s, according to the Bureau of Economic Analysis (BEA). However, the growth rate has slackened remarkably since...

None but shareholders to decide CEMF fate

Jeff Gill | 2019-10-15 00:00:00

City of London Investment Management Company Limited (CLIM), an investment management company, has been a significant unitholder of Bangladesh's closed-end mutual fund (CEMF) for many years.However, CLIM's support for the CEMF industry has been severely tested by the recent egregious...

Chattogram hi-tech park to open this yr: Official

Nazimuddin Shyamol | 2019-10-14 00:00:00

CHATTOGRAM, Oct 13: The construction work of a hi-tech park in the port city is going on in full swing.The Chattogram City Corporation (CCC) is establishing the Tk 250 million (Tk 25 crores) hi-tech park at Bangkok Singapore market in...

Joining the technological frontiers

Tej Kohli | 2019-10-14 00:00:00

Artificial intelligence (AI) and biotechnology are both on an exponential growth trajectory, with the potential to improve how we experience our lives and even to extend life itself. But few have considered how these two frontier technologies could be brought...

World Standards Day

Md. Abu Abdullah | 2019-10-14 00:00:00

Standard is an agreed way of doing something. It could be about making a product, managing process, delivering a service or supplying materials. Standards cover a huge range of activities undertaken by organisations and used by their customers. They can...

The wrath of rivers

Neil Ray | 2019-10-14 00:00:00

The fearsome mighty Padma of the past has mellowed. Naturally, in its heyday it earned the infamy of all-consuming 'rakshusi' (fiendish) Padma. Today, however, in the lean season the shallow channel of the river at some points in Rajshahi can...

Reshaping technical education regime

Shamsul Huq Zahid | 2019-10-14 00:00:00

It is hard to get reliable data on unemployment rate in Bangladesh. The official data puts the unemployment rate at around 4.4 per cent. The figure appears too low given the situation prevailing in the job market. The World Vision...

New VAT law

Doulot Akter Mala | 2019-10-13 00:00:00

The waiver of Value Added Tax (VAT) for international oil companies on local production and supply of gas no longer exists in the new law, although their contract has such a provision.Petrobangla will have to pay the VAT at 15...

ADB offers help to establish Dhaka-Cox's Bazar rail link

MUNIMA SULTANA | 2019-10-13 00:00:00

Asian Development Bank (ADB) will help Bangladesh Railway (BR) in establishing direct rail link from Dhaka to Cox's Bazar by converting the metre gauge track into a broad gauge line from Dhaka to Dohazari of Chattogram.At present, BR has a...

BD to finalise list of 300 products tomorrow

TALHA BIN HABIB | 2019-10-13 00:00:00

The government will finalise a list of 300 products tomorrow (Monday) for seeking duty-free market access to Indonesia under a proposed Preferential Trade Agreement (PTA), officials said.Under the move, they said, the ministry of commerce (MoC) has completed consultations with...

Europe needs a serious nuclear-energy debate

Samuele Furfari | 2019-10-13 00:00:00

Last month, the Akademik Lomonosov, Russia's first floating nuclear power plant, arrived in the remote town of Pevek in the country's Siberian Arctic region. Russian state-run nuclear energy company Rosatom sees this as a pilot project, and hopes eventually to...

BTC suggests seasonal tariff on onion import

REZAUL KARIM | 2019-10-12 00:00:00

The Bangladesh Tariff Commission (BTC) has suggested imposing duty on the import of onion during its harvesting time to ensure fair price for the farmers.Duty should be imposed during the January-April period, the harvesting time of the local onion, the...

Padma Rail Link Project braces for delay

Munima Sultana | 2019-10-12 00:00:00

The Padma Rail Link Project (PRLP) is fated to be delayed in the absence of confirmation of design and loss of time in land acquisition, sources said.Both the cost and tenure of the project are also likely to increase significantly...

CPA may waive dues of LNG terminals, carriers

SYFUL ISLAM | 2019-10-12 00:00:00

The government is actively considering waiving port dues and charges for LNG (liquefied natural gas) terminals and vessels at Moheshkhali, Cox's Bazar.Officials concerned said the authorities are thinking of giving waiver since the dues and charges will ultimately be a...

Rivers and water bodies as sources of protein

Prof. Sarwar Md. Saifullah Khaled | 2019-10-12 00:00:00

With the country's population rising, the government must devise ways and means to increase fish production through the best use of existing natural water resources, especially major rivers and their tributaries. From time immemorial, fish has been meeting the protein...

A CLOSE LOOK

Nilratan Halder | 2019-10-12 00:00:00

The Bangalee Hindus' greatest annual festival Durga Puja spanning over long five days came to an end on Tuesday last. It surely is a religious festival as puja (worship) is offered complying with various rites and rituals as enshrined in...

University education and labour market linkages

Abdul Bayes | 2019-10-12 00:00:00

The Bangladesh Institute of Development Studies (BIDS) conducted a research titled "Tracer Study of Graduates of Universities in Bangladesh". The purpose was to look at the nexus between labour market demand for graduates and supply from universities or, pointedly, the...

Current account returns to green zone

SIDDIQUE ISLAM | 2019-10-11 00:00:00

The country's trade gap with the rest of the world narrowed during the first two months of the current fiscal year, aided by a surplus in current account balance.Negative growth in both export and import during the period helped reduce...