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No force can shake China: Xi Jinping

Ismail Hossain from Beijing | 2019-10-02 00:00:00

Chinese President Xi Jinping said on Tuesday that no force can stop China's development and shake the foundation of the nation. "There is no force that can shake the foundation of this great nation," Xi said in a speech at...

Save the planet, meet climate emergency

Nasreen Fatema Awal | 2019-10-02 00:00:00

There is no alternative to living in a healthy ecosystem, hygienic environment, and usual weather as per the seasonal categorisation. Climate change occurs when changes in Earth's climate system results in new weather patterns that remain in place for an...

The risk of nuclear war is increasing

Daryl G. Kimball in Washington DC | 2019-10-02 00:00:00

Over the long course of the nuclear age, millions of people around the world, often led by a young generation of clear-eyed activists, have stood up to demand meaningful, immediate international action to halt, reduce, and end the threat posed...

What economists still need to learn

Mark Cliffe in Amsterdam, Netherlands | 2019-10-02 00:00:00

Macroeconomics was one of the casualties of the 2008 global financial crisis. Conventional macroeconomic models failed to predict the calamity or to provide a coherent explanation for it, and thus were unable to offer guidance on how to repair the...

China celebrates 70th founding anniv today

Ismail Hossain from Beijing | 2019-10-01 00:00:00

China is holding a grand celebration, followed by a military parade and mass pageantry at Tian'anmen Square in Beijing today (Tuesday) on its National Day, marking the 70th founding anniversary of the People's Republic of China (PRC). More than 100,000...

Aug private sector credit growth falls

SIDDIQUE ISLAM | 2019-10-01 00:00:00

Private credit growth decelerated further in August as some banks had to prepare for complying with the central bank's revised advance-deposit ratio rules. Lower import growth also pushed down the private sector credit growth last month, bankers said.They, however, expected...

Fundraising thru IPO remains sluggish

Babul Barman | 2019-10-01 00:00:00

Fundraising through initial public offerings (IPOs) remained sluggish as only seven companies raised Tk 4.95 billion, including premium, through IPOs in January-September period of this year.The nine-month figure is down 1.20 per cent year on year, according to the Dhaka...

A rising youth movement picks up where governments have failed

Thalif Deen at UN Headquarters in New York | 2019-10-01 00:00:00

When the Youth Climate Summit concluded on September 21, Secretary-General Antonio Guterres predicted that if governments still lack the political will to make peace with nature, "there is huge hope in what the youth is doing all over the world"."And...

Tax revenue receipts drop in July-August

DOULOT AKTER MALA | 2019-09-30 00:00:00

The Large Taxpayers Unit (LTU) saw a drop in revenue collection in the July-August period of the current fiscal year (FY), 2019-20. The revenue collection growth took a hit as two large sectors -- gas and tobacco -- have witnessed...

Tk 13.93b negative target set for Oct

Siddique Islam | 2019-09-30 00:00:00

The government's net borrowing from the country's banking system is set to be negative in October, as it is scheduled to repay more than Tk 10 billion from surplus, officials said.The Ministry of Finance has set the net negative bank...

PMO for inclusion of more ports of call

SYFUL ISLAM | 2019-09-30 00:00:00

The Prime Minister's Office (PMO) has suggested addition of more ports of call in the Indo-Bangla water transit protocol with a view to offering alternatives to users, officials said."Inclusion of more ports of call widens choice, (but) doesn't compel businessmen...

Lessons to learn from Chinese experiences

Dilip Barua | 2019-09-30 00:00:00

The Chinese are an innovative and diligent nation. They have created a highly sophisticated civilisation and contributed significantly to human progress over the course of 5,000 years. In the past, China was ruled by landlords and kings as well as...

A marriage with a difference

Neil Ray | 2019-09-30 00:00:00

In this age of social media, there is an overpowering drive among people to be under the spotlight. So people look for ways and means that would set them apart from the rest of society. Surely they are after accomplishing...

Troubling signs on the tax front

Shamsul Huq Zahid | 2019-09-30 00:00:00

For the National Board of Revenue (NBR), the immediate past financial year (2018-19) was not anyway notable. Like the previous years, it had to downsize its tax revenue target halfway through the year. Yet it could not hit that revised...

The death of Anglo-American conservatism

Harold James in Princeton, New Jersey, USA | 2019-09-30 00:00:00

In remarkably similar ways and almost at the exact same time, US President Donald Trump and Brexit have destroyed transatlantic conservatism. Yet while American conservatism has always had rather shallow roots, British conservativism is the product of a long and...

Metro stations face space problem

Munima Sultana | 2019-09-29 00:00:00

The under-construction metro rail is facing space shortage for its elevated stations as adequate land beneath the facilities have not been acquired, sources said.For lack of space, they said, the movement of passengers of Mass Rapid Transit line-06 (MRT-06) and...

Commercial samples import made tax-free

Doulot Akter Mala | 2019-09-29 00:00:00

The customs authority has issued a rule to allow duty-free import of products without insurance and freight charges valued lower than Tk 2,000. The similar facility will be applicable to a product whose import duty is below Tk 2,000.The 'Customs...

Gas supply to MEZ soon: Officials

Nazimuddin Shyamol | 2019-09-29 00:00:00

CHATTOGRAM, Sept 28: The supply of gas to the Bangabandhu Sheikh Mujib Industrial City at Mirsarai Economic Zone (MEZ) will start this year, officials said.The MEZ is being developed as the largest industrial zone in the country with a target...

Automated system to dissolve customers' complaints

Mohammad Mufazzal | 2019-09-29 00:00:00

The securities regulator has developed an automated system to dissolve customers' complaints within quickest possible timeframe without imposing any fee.Using the system namely Customer Complaints Address Module (CCAM), the customers will be able to submit their complaints and receive solutions...

Sylhet tea industry hamstrung by investment crunch

Iqbal Siddiquee | 2019-09-29 00:00:00

SYLHET, Sept 28: Tea of Bangladesh is facing multifaceted challenges like inadequate investment, increased price of inputs including fertilisers, underdeveloped infrastructures, lack of irrigation facilities and above all lack of initiatives to introduce better cropping and management for raising per...

SDGs: Changing international economic rules

Jomo Kwame Sundaram in Kuala Lumpur, Malaysia | 2019-09-29 00:00:00

The United Nations (UN) Sustainable Development Goals (SDGs) can only be achieved by 2030 with the political will to change international economic rules and mobilise resources needed for a massive public sector-led investment push to reinvigorate world economic progress sustainably,...

BGMEA seeks prompt govt intervention

REZAUL KARIM | 2019-09-28 00:00:00

The country's apex apparel body has called for government intervention to address banking disputes with China to save the reputation of the local financial sector, officials said.It has sought commerce ministry's cooperation in facilitating talks with the agencies concerned in...

Exporters oppose Indian proposal for factory visits

SYFUL ISLAM | 2019-09-28 00:00:00

Bangladeshi exporters have expressed reservations about an Indian proposal for onsite visit of factories linked to the duty-free access of goods under a regional free trade pact, officials said.They said Bangladeshi goods meet the 30 per cent value addition criteria...

Australia-Bangladesh Trade Confce in November

TALHA BIN HABIB | 2019-09-28 00:00:00

Bangladesh will seek more Australian investment during the upcoming bilateral trade conference to be held in Sydney this year, officials said. The trade conference titled 'Australia-Bangladesh Trade Conference (ABTC)' will take place on November 12-15.The Australia-Bangladesh Business Council and Bangladesh...

Stocks rebound riding on GP

Babul Barman | 2019-09-28 00:00:00

Stocks rebounded strongly in the outgoing week, snapping a four-week losing streak, as optimistic investors showed their buying spree on large-cap shares.Week on week, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 112 points or...

From sea beach to temple and back to beach

Nilratan Halder | 2019-09-28 00:00:00

It was not for nothing that the Keralites call their land the God's own country. Richly endowed with backwaters like those of Poovar, Kochi and beaches like the Golden Sand Beach and Kovalam beach, it is indeed an Eden on...

It was the day of populist strongmen

Thalif Deen at UN headquarters in New York | 2019-09-28 00:00:00

The United Nations is an institution which promotes multilateralism and preaches some of the basic tenets of multiparty democracy and liberalism, including the rule of law, universal human rights, free speech, civil liberties, the rights of refugees and freedom of...

Economics of casino is there

Asjadul Kibria | 2019-09-28 00:00:00

The busting of casinos at a number of sports club in the city may, on paper, look puzzling. A series of stories have been appearing in newspapers and electronic media about the casino operations. A few leaders of the political...

Search for an inclusive rural credit market

Abdul Bayes | 2019-09-28 00:00:00

In Bangladesh today, we often hear about an increase in the disbursement of agricultural loans to farmers. More often than not, the presumption of policymakers is that more disbursement means more accesses by farmers. But that assumption might turn out...

Trapped in a cycle of vice and vengeance

Helal Uddin Ahmed | 2019-09-28 00:00:00

It is a tragedy that the administrative tradition of British colonial rulers still seems to persist in many ways in present-day Bangladesh. Sadly, socio-economic and technological advances over two centuries have not yet been able to completely erase some fundamentally...