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Banks, NBFIs: Building a strong risk-management culture

Tapash Chandra Paul | 2019-09-12 00:00:00

Over the decades, the country's financial services industry has undergone significant transformation due to internal and external factors, including business model transformation, adoption of advanced technologies and changing regulatory environments.Simultaneously, the risk management in banks and non-bank financial institutions (NBFIs)...

Mismatch between power supply and demand

Helal Uddin Ahmed | 2019-09-12 00:00:00

Although Bangladesh now has a capacity of generating 19,000 megawatts of electricity, the actual production hovers between 8,000 and 12,500 megawatts in the absence of sufficient demand. As a result, almost half the power plants remain idle causing wastage of...

Trump's N Korean appeasement

Christopher R. Hill in Denver, Colorado, USA | 2019-09-12 00:00:00

Having met with North Korean leader Kim Jong-un three times - all to great fanfare - US President Donald Trump may still believe that denuclearisation is underway in the Hermit Kingdom. If so, he is the probably the only one...

Brexit saga and populism

Kazi Anwarul Masud | 2019-09-12 00:00:00

The saga of Brexit refuses to leave the headline of news media across the globe as does the fortune of Boris Johnson whose great grandfather, he discovered on his journey to trace his ancestors, was Aly Kemal, a Turkish Muslim....

Demystifying negative interest rate policy

Abdullah A Dewan | 2019-09-10 12:00:00

When the US Federal Reserve Chairman talks, central bankers and financial market watchers around the world listen -- be he/she the former chair or the current chair. This week they both spoke within a span of two days from two...

NBR set to zoom in on healthcare providers

Doulot Akter Mala | 2019-09-10 00:00:00

Healthcare service providers are set to come under the scanners of the tax authority for checking tax evasion through verification of their deposit of tax at source to the public exchequer.The National Board of Revenue (NBR) at a recent meeting...

Govt considers Tk 50b special fund for shipbuilding sector

Syful Islam | 2019-09-10 00:00:00

The government is mulling over forming a special fund worth Tk 50 billion to help develop the shipbuilding industry in the country, officials said.Arranging bank loans at 4.0 per cent interest rate with 25 years of repayment period is also...

Combating desertification and drought

James Reinl in UN Headquarters, New York | 2019-09-10 00:00:00

Forest fires, droughts and other forms of land degradation cost the global economy as much as 15 trillion dollars every year and are deepening the climate change crisis, a top United Nations environment official said Friday (September 06).Ibrahim Thiaw, executive...

Behula Lakshindar’s Bride Chamber in Bogura still enchants visitors

EMDADUL HAQUE | 2019-09-09 00:00:00

BOGURA, Sept 08: Behula Lakshindar's Bride Chamber or Gokul Medh at the village Gokul, 11 kilometres off Bogura town, still appears to be an archeological site of great importance to the visitors, with the mysterious hallmarks it has borne ever...

Robert Mugabe leaves a mixed legacy

Busani Bafana in Bulaway, Zimbabwe | 2019-09-09 00:00:00

Former Zimbabwe strongman Robert Mugabe, who died last week, aged 95, leaves a mixed and divisive legacy. Mugabe - the oldest African leader when he was removed from power in November 2017 - died of an undisclosed illness in a...

Investors, why looking at board meetings?

Rahul Sukumaran and AghilaSasidharan | 2019-09-09 00:00:00

Firms do not last without performing, especially during times of market volatility, uncertainty and in rapidly changing business environments. For investors this becomes a key thinking point, since to succeed in this business every penny needs careful and calculated investing.But...

Highway toll collection

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

Prime Minister Sheikh Hasina has instructed the authorities concerned to introduce a system of highway toll collection. Under the system long haul vehicles will have to pay taxes for use of a national highway. Vehicles owners, drivers, passengers and the...

Shining artificially in a dull market

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

The saying that every cloud has a silver lining does not seem to be true for the Bangladesh stock market. For nearly nine years since the collapse of the market in 2010, the market has never been truly buoyant. Some...

Combating illiteracy: Achieving sustainable development

Kamal Uddin Ahmed | 2019-09-09 00:00:00

Literacy is a fundamental right of all. It contributes to one's empowerment and development as well as socio-economic advancement of a nation. Since 1967, the United Nations Educational, Scientific and Cultural Organisation (UNESCO) has been observing International Literacy Day (ILD)...

Taxmen, auditors cross swords over authority

Doulot Akter Mala | 2019-09-08 00:00:00

The tax collector and the auditing watchdog are at loggerheads over the authority to audit taxpayers' documents filed in revenue offices.Tax officials said the Office of the Comptroller and Auditor General (C&AG) of Bangladesh is empowered to audit government documents,...

Govt to decide fate of two foreign fishing vessels today

Talha Bin Habib | 2019-09-08 00:00:00

The government sits today (Sunday) to take a decision on two foreign fishing vessels that illegally entered into the country's maritime territory, officials said."We are holding a meeting of government departments concerned tomorrow (Sunday)," joint secretary (Blue-Economy) of the ministry...

Productivity of local species of fishes to be enhanced

Talha Bin Habib | 2019-09-08 00:00:00

The government is set to take a project involving Tk 500 million for the development of Kaptai Lake, officials said.As part of the move, the Bangladesh Fisheries Development Corporation (BFDC) started the process of the project to increase the productivity...

UN summit meetings: Multilateralism at a crossroads

Thalif Deen in UN Headquarters | 2019-09-08 00:00:00

The United Nations will be hosting six high-level plenary meetings - unprecedented even by its own standards - on the occasion of the 74th session of the General Assembly in late September.The meetings are being viewed primarily as an attempt...

MF-CIB to check micro loan applications, charge fees

Ismail Hossain | 2019-09-07 00:00:00

From now on, loan applications of the country's micro borrowers will be examined by the Microfinance Credit Information Bureau (MF-CIB), according to the entity's draft guideline. The MF-CIB may also charge fees for the service from the country's non-government organisations...

Exports to India set to hit bumps after onsite inspection criterion

Syful Islam | 2019-09-07 00:00:00

Neighbouring India wants to inspect Bangladeshi factories before it imports goods under a regional free trade deal in what local exporters see it as a non-tariff barrier.With Bangladesh's exports to India exceeding US$1.0 billion, New Delhi has attempted to impose...

Panic sell-offs drag index lower

Babul Barman | 2019-09-07 00:00:00

With a series of negative factors at play, worried investors continued to dump shares to ward off further losses, pushing the benchmark equities index lower for the second consecutive week that ended on Thursday. Week on week, DSEX, the prime...

Move underway to introduce lower denominated bonds for NRBs

Rezaul Karim | 2019-09-07 00:00:00

The government has recently taken a move to introduce lower denominated bonds for Non-Resident Bangladeshis (NRBs) to help diversify fixed income tools. People familiar with the matter at the Ministry of Finance told the FE on Thursday that the existing...

Rohingya and public health problems

Jakaria Fahim, Faiyaz Islam and Mahmudul Islam | 2019-09-07 00:00:00

Rohingya refugees are from Myanmar and now living at two officially registered refugee camps in Bangladesh. For decades, the Rohingya have experienced ethnic and religious persecution in Myanmar. The majority have escaped to Bangladesh. According to the UN refugee agency...

Two seas and an ocean pay tribute to Kanyakumari

Nilratan Halder | 2019-09-07 00:00:00

On arrival at Kanyakumari we took full rest for the day. After the hectic journey, this was overdue. Our plan is to spend a few days here. So, we could afford the luxury of visiting sights at leisure. Next morning...

Decline and change in book reading habit

Asjadul Kibria | 2019-09-07 00:00:00

Is the habit of reading books gradually declining in the country? The answer is simply 'yes'. It also needs an elaboration which means identifying the reasons behind decline in the habit. This requires detailed analysis with comprehensive data or statistics....

Vision 2041: Institution matters

Abdul Bayes | 2019-09-07 00:00:00

Strong political leadership of the incumbent prime minister together with relative socio-political calm has helped Bangladesh achieve a decade-long average economic growth rate of 7.0 per cent. The country has meantime not only crossed the Lower Middle-Income (LMI) threshold in...

They call it multistakeholderism: Where does that leave the UN?

Harris Gleckman in UN Headquarters, New York | 2019-09-07 00:00:00

Global governance is slipping away from the United Nations. Whether it is in managing the Internet, where the UN's governing structure offers only an advisory role for governments; or climate change, where the most exciting actions are now corporate-led partnerships...

Govt starts working on agro processing industry dev policy

Talha Bin Habib | 2019-09-06 00:00:00

The government has started to prepare an agro processing industry development policy considering the existing exports potential of the sector, officials said. With this end in view, the Ministry of Industries (MoI) has started to work for preparing a draft...

Schools remain inundated for months every year

Iqbal Siddiquee | 2019-09-06 00:00:00

SYLHET, Sept 05: Students of at least 150 schools in Sunamganj suffer extremely every monsoon for the inundation problem.It happened this year too affecting the academic activities and causing much harm to the institutions as well. Many school buildings remained...

Addressing inequalities and ensuring social justice

S. M. Rayhanul Islam | 2019-09-06 00:00:00

Inequality is one of the key challenges of our time. Numerous studies conclude that in 2015 almost half of all household wealth was owned by 1 per cent of the global population (Crédit Suisse, 2015) and that the sixty-two richest...