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Farmers in a price-trap: A year-long phenomenon

Hasnat Abdul Hye | 2019-09-17 00:00:00

If there was any doubt that farmers in Bangladesh are the most indifferently served groups of producers in the country, the record of rock-bottom price during the three seasons of paddy production should put paid to that. The ringing irony...

Smuggling threatens tea trading

Rezaul Karim | 2019-09-16 00:00:00

Tea smuggling through border has constituted a potential threat to the business of local manufacturers, industry insiders said.The smuggling of various items, such as tea, has increased in volume through frontier areas, affecting the local tea market adversely, they added.The...

Indigo-the colour of colonial rule in Rangpur

Sayed Mofidul Babu | 2019-09-16 00:00:00

RANGPUR, Sept 15: While a peasant being oppressed by the British rulers for his aversion to planting a single sapling of indigo was a scene of bygone era, farmers of Rangpur are now cultivating the item amid great zeal and...

Will the IMF finally learn from Argentina?

Stephen Grenville in Sydney, Australia | 2019-09-16 00:00:00

Argentina's politically intractable foreign-debt crisis serves as a powerful reminder that the International Monetary Fund (IMF) still has no answer for dealing with the volatility of international capital flows to emerging economies. It also underscores the need for reform at...

Why do young people take their own lives?

Neil Ray | 2019-09-16 00:00:00

That one person dies from suicide every 40 seconds somewhere on this planet is alarming. The World Health Organisation (WHO) is disappointed that the governments the world over are not doing enough to reduce the incidence of suicide. On September...

Departing pharmaceutical companies

Shamsul Huq Zahid | 2019-09-16 00:00:00

French pharmaceutical giant Sanofi, reportedly, would soon wind up its Bangladesh operations. It has already informed the state-owned Bangladesh Chemical Industries Corporation (BCIC) about its decision. The BCIC owns nearly 20 per cent stakes in the company. In total, the...

Translating ambition to action

Cameron Diver in New Caledonia | 2019-09-16 00:00:00

In less than 10 days, countries from around the planet will come together in New York for the United Nations Secretary General's Climate Action Summit. I look forward to representing the Pacific Community (SPC) at this important event, and throughout...

RJSC moves to strike off inactive companies

Ismail Hossain | 2019-09-15 12:00:00

The Registrar of Joint Stock Companies and Firms (RJSC) has moved to strike off inactive companies and firms registered with RJSC. According to RJSC office, around 10,000 companies and firms have not filed returns to RJSC for more than 20...

Online VAT system takeover in slow lane

Doulot Akter Mala | 2019-09-15 00:00:00

The National Board of Revenue is moving at slower than expected pace to gain control of the online value added tax system from a foreign company.The contract for the maintenance and operations of the VAT online system is scheduled to...

MoI seeks German support to make BSFIC mills profitable

Talha Bin Habib | 2019-09-15 00:00:00

The government is set to modernise the state-run sugar mills with the cooperation of a German company, aiming to make them profitable, officials said. Under the move, the ministry of industries (MoI) has requested the company, Heinkel Drying and Separation...

Marico BD sees 23pc profit growth in 2019

Babul Barman | 2019-09-15 00:00:00

Marico Bangladesh, a fast-moving consumer goods multinational company, witnessed a steady growth in revenue earnings and dividend payout, among others, in last five years through 'quality products".The Marico Bangladesh, the first subsidiary of Marico Ltd, has also maintained its position...

Special Economic Zones in Bangladesh: A reappraisal of approaches

Muhammad Abdul Mazid | 2019-09-15 00:00:00

Very prudently the government has adopted the policy of developing Special Economic Zones ((SEZs) ) across the country to tap potentials for productivity, and to create jobs for millions. SEZs are now widely regarded as massive investment in industrial infrastructure...

Big power conflicts are increasingly taking place in outer space

Daniel A. Porras in Geneva | 2019-09-15 00:00:00

Nearly every article on 'space security' begins with the acknowledgement that satellites and space-based services are critical for modern societies. And with good reason.Space technologies provide tools that enable worldwide communications, remote sensing and global navigation. Even militaries are highly...

NRC an internal matter of India, its ramifications for good neighbourly relations

Md Matiul Islam | 2019-09-15 00:00:00

The purpose of National Register of Citizens (NRC) update in the state of Assam was to identify illegal immigrants residing in that state i.e. those who entered into Assam after the midnight of March 24, 1971. During 1948 to 1971,...

Stocks keep tumbling as panic sell-off continues

Babul Barman | 2019-09-14 00:00:00

Stocks witnessed yet another bearish week, extending the losing streak for the third straight week, as worried investors continued their selling binge to ward off further losses.The benchmark index of the major bourse also tumbled below the 'psychological' threshold of...

RMG makers seek to redress setbacks

Rezaul Karim | 2019-09-14 00:00:00

Garment makers have identified the banking and customs-related bottlenecks that have long been hurting business of the country's largest export earner, industry insiders said.The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has informed commerce ministry of these problems in writing...

Mumpreneurship: A key to economic acceleration?

Shayla Mahzabeen Audity | 2019-09-14 00:00:00

The word 'mumpreneurship' is just what it suggests by "entrepreneurship by mothers". Although it is not a new phenomenon, it represents a new concept in need of a theoretical definition backed up by pragmatic justification. The stigma towards women in...

Both sunrise and sunset elude us at Kanyakumari

Nilratan Halder | 2019-09-14 00:00:00

Early at dawn next day, the first must-do routine was to reach the sea front where a rough quay of stones and boulders reaches some distance into water. It is from there the sunrise can be viewed. I was fortunate...

Centralised versus decentralised banking system

Mir Mahmudul Haque Chowdhury | 2019-09-14 00:00:00

Centralised banking operation is that system of banking where processing of all transactions has to be carried out from a central location. In this system, bank's presence has to be made through maintaining sufficient number of branches and staffs. Now...

Modes of agricultural marketing

Abdul Bayes | 2019-09-14 00:00:00

There is no denying the fact that Bangladeshi farmers have come out of subsistence farming. In the distant past, they used to produce mostly for home consumption using family labour. Marketing depends not only on the will to market but...

Money for nothing — in the brave new economy

Harold James in Munich | 2019-09-14 00:00:00

A monetary-policy regime centred on quantitative easing (QE) and zero or even negative interest rates has created an extraordinarily permissive environment for politicians of a certain disposition. Those who are willing to exploit current conditions to boost their own popularity...

Preparing national database of NTMs

Asjadul Kibria | 2019-09-13 12:00:00

Global trade is much more affected by Non-Tariff Measures (NTMs) nowadays as tariff has reduced significantly. Countries are adopting more NTMs now and these are generally legitimate policy measures. Nevertheless, NTMs have different impacts on international trade. The official definition,...

Study sharpens focus on three subway networks

Munima Sultana | 2019-09-13 00:00:00

Three subway networks surrounding the city are now being considered to connect the nearby districts by faster commuter trains, covering the missing links of six metro rails mostly at the planning stage.A joint venture consultancy firm, assigned to conduct a...

Foreign ministry pushes for Indian projects' tax waiver

Syful Islam | 2019-09-13 00:00:00

The National Board of Revenue (NBR) has been asked to formulate a general guideline under which Indian projects in Bangladesh will enjoy tax exemption.A recent inter-ministerial meeting at the foreign ministry took the decision.The meeting was convened to assess the...

July imports drop by over 2.0pc

Siddique Islam | 2019-09-13 00:00:00

Country's overall import dropped by more than 2.0 per cent in the first month of the current fiscal year (FY) 2019-20 following announcement of the national budget, officials said.The settlement of letters of credit (LCs), generally known as actual import,...

Bad omens for economy, society

Shamsul Huq Zahid | 2019-09-13 00:00:00

Closure of one or two industries for one reason or other is not any notable event. The loss of jobs due to such closures thus does not have much impact. But if a substantial number of industrial units or factories...

Many faces of MLM business

Nilratan Halder | 2019-09-13 00:00:00

The rescue of as many as 150 youths including 30 female by the Rapid Action Battalion (RAB) from confinement in different rented apartments in Uttara, Mirpur and Rampura has once again exposed an ugly face of socio-economic reality of the...

Safe food startup changing consumers' food habits

Salwa Rafi | 2019-09-12 12:00:00

Consumption of safe and healthy food is imperative for a comfortable and healthy life. However, Bangladesh's situation in this regard has been alarming with food contamination and adulteration being serious public health concerns and lack of mass awareness concerning food...

Source-tax on bank deposits up 16.18pc in FY 2019

Doulot Akter Mala | 2019-09-12 00:00:00

The collection of tax at source from bank depositors posted a gain in fiscal year (FY) 2018-19, showing 16.18-per cent growth over that of the corresponding period in FY '18.This rise in the source-tax collection is attributable to an increase...

BPGMEA seeks ban on scrap plastic imports

Rezaul Karim | 2019-09-12 00:00:00

The country's plastic goods manufacturers have demanded of the government to impose restrictions on import of waste or scrap plastic items which, according to them, put adverse impacts on the domestic industry and the environment.Bangladesh Plastic Goods Manufacturers and Exporters...