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Poverty eradication: Making appropriate investments

Helal Uddin Ahmed | 2019-08-03 00:00:00

According to a recent report of the United Nations Development Programme (UNDP) titled 'Global Multidimensional Poverty Index 2019: Illuminating Inequalities', vast inequalities exist in countries and among poorer segments of societies on a global scale. The index was jointly developed...

The case for a fiscal Fed

Benjamin J. Cohen in Santa Barbara, California | 2019-08-03 00:00:00

Like storm clouds on the horizon, signs of a global economic slowdown are gathering ominously. In the United States, the sugar high generated by President Donald Trump's massive 2017 tax cut has peaked and is now rapidly waning, without triggering...

Four Feni journos get bail from HC

Law Correspondent | 2019-08-02 00:00:00

Four journalists of Feni secured bail from the High Court (HC) on Thursday for four weeks in nine cases filed under the Special Powers Act.The HC bench of Justice Jahangir Hossain and Justice Md Riaz Uddin Khan passed the order...

Raw deal for city footpath pedestrians

Munima Sultana | 2019-08-02 00:00:00

When everyone is worried about poor speed of vehicles in the capital due to traffic jams, hardly any attention is given by authorities concerned to facilities for pedestrians to ensure their normal walking speed on the city streets.Experts said the...

NBR forms committee to make list of eligible items

Doulot Akter Mala | 2019-08-02 00:00:00

The National Board of Revenue (NBR) has decided to resolve complexities regarding import of power sector equipment by preparing an integrated list of the products that are eligible for enjoying exemption from payment of duties and taxes, officials said.The decision...

BD's global share of RMG static

Asjadul Kibria | 2019-08-02 00:00:00

When China has been rapidly losing its share in the global apparel export market for the past three years, Bangladesh's share remains static at around 6.40 per cent.Chinese share in the global ready-made garment (RMG) market declined to 31.25 per...

Net foreign investment remains negative for fifth straight month

Babul Barman | 2019-08-02 00:00:00

Net foreign portfolio investment in Dhaka Stock Exchange (DSE) remained negative for the fifth consecutive month in July due to higher outflow of equity fund.Market analysts said foreign investors continued to pull their funds from equities like local investors amid...

Ensuring better city leadership

S. M. Rayhanul Islam | 2019-08-02 00:00:00

In an era of rapid urbanisation, for the first time in human history, more than fifty per cent of the world's population now lives in urban areas. Urban areas - cities and towns - of course, offer great potential for...

MPS for FY20: Reliance on adhocism?

Shamsul Huq Zahid | 2019-08-02 00:00:00

The Bangladesh Bank has not done what the situation demands: It has again kept key policy rates unchanged in the just-announced Monetary Policy for the fiscal year (FY) 2019-20, apparently, for fear of economy coming under renewed inflationary pressure. The...

Cattle farms make miracle happen

Nilratan Halder | 2019-08-02 00:00:00

A quiet revolution has taken place in the area of cattle rearing. That dairy farms came up in an increasing number in the country's northern belt is widely known. What is less known is the commercial rearing of bulls by...

MPS eyes higher growth

Siddique Islam | 2019-08-01 00:00:00

The central bank announced on Wednesday "cautiously accommodative" monetary policy statement (MPS) for the current fiscal year aiming to achieve higher growth while taming inflationary pressures."The policy stance remains as cautiously accommodative as before," said Fazle Kabir, governor of the...

Investment and portfolio management contest for tomorrow’s leaders

Mehrub Ul Haque | 2019-08-01 00:00:00

Following two consecutive years of success, North South University Finance Club is back again with the third edition of Optimity this year. This is an inter-university competition for the undergraduate business enthusiasts of the country. Being the first and only...

Boosting intra-regional trade in South Asia

Helal Uddin Ahmed | 2019-08-01 00:00:00

Trade has been playing a critical role in economic growth and poverty reduction in many countries of the world. Numerous prosperous nations in Europe, East Asia and North America have forged strong trade ties with their neighbours for harnessing the...

Aid for Trade lacks transparency

Asjadul Kibria | 2019-08-01 00:00:00

Enhancing trade and developing trade related capacity and infrastructure in developing and Least Developed Countries (LDCs) is a lingering challenge most of these countries are critically fraught with. To overcome the challenge, trade-related aid is recognised as an important tool...

Bretton Woods Institutions: From solution to problem

Anis Chowdhury in Sydney and Jomo Kwame Sundaram in Kuala Lumpur | 2019-08-01 00:00:00

July 2019 saw the 75th anniversary of the historic conference of 44 countries held at the Bretton Woods (BW) resort in New Hampshire during July 1-22, 1944.CONFERENCE: At BW, John Maynard Keynes, representing the UK, and Harry Dexter White, for...

BSEC seeks fiscal concessions to help develop bond mkt

Syful Islam | 2019-07-31 00:00:00

The Bangladesh Securities and Exchange Commission (BSEC) has sought a number of fiscal concessions, including tax waivers, to help develop the country's moribund bond market, officials said.The commission has put forward a set of proposals to the National Board of...

Govt moves to prepare list of abandoned commercial properties

Talha Bin Habib | 2019-07-31 00:00:00

The government has asked the deputy commissioners (DCs) to provide it with the lists of abandoned commercial properties located in their respective districts. The Ministry of Commerce (MoC) at a recent meeting has taken some decisions on getting back the...

The age of digital geopolitics: Proxy war between US and China

Annegret Bendiek, Nadine Godehardt, and David Schulze in Berlin | 2019-07-31 00:00:00

The geopolitical significance of key digital technologies now takes centre stage in a new global conflict between the US and China. The dispute over the Chinese technology group Huawei exemplifies this situation. The US government perceives the Chinese telecom equipment...

Great Britain or Little England?

Hasnat Abdul Hye | 2019-07-31 00:00:00

During the hectic negotiations with European Community (EC), the predecessor to European Union (EU), Great Britain struggled hard to convince the European leaders, particularly De Gaulle, about the genuineness of its loyalty to the new Europe. Ever suspicious of `perfidious...

PMO asks ministry to ease process

Doulot Akter Mala | 2019-07-30 00:00:00

The Prime Minister's Office (PMO) has asked the Ministry of Finance to remove discrepancies between Active Pharmaceuticals Ingredients (API) policy and revenue board's orders.The removal of such inconsistencies, insiders say, will help the sector grow. The advice came after a...

Move to revamp share market

Siddique Islam | 2019-07-30 00:00:00

Twenty seven share market related entities will get nearly Tk 860 million from capital market refinancing scheme shortly, officials said.The decision was taken at a meeting of the scheme monitoring committee, held at the ICB headquarters in Dhaka on Monday...

Bidding soon to appoint Ctg port berth operators

Nazimuddin Shyamol | 2019-07-30 00:00:00

CHATTOGRAM, July 29: The tender to appoint new berth operators for the Chattogram Port Authority (CPA) will be invited soon after about three years, officials said.They said the last time an international tender, inviting applications from qualified berth operators to...

Bangladesh Delta Plan 2100: Highlighting five key elements-II

Quamrul Ahsan | 2019-07-30 00:00:00

TRANS-BOUNDARY WATERSHEDS: The Ganges, the Brahmaputra and the Meghna (GBM) river basin encompasses a total area of about 1.72 million km2, of which only 7 per cent is located within Bangladesh. They originate from three different sources and their geographical,...

The dilemma of interest rate spread

Abdullah A Dewan | 2019-07-30 00:00:00

The difference between deposit rate (DR) and lending rate (LR) is known as interest rate spread (IRS). The IRS accounts for banks costs and profits. The two rates - DR and LR - generally move together in the same direction...

BRTC circular bus service hits snag

Munima Sultana | 2019-07-29 00:00:00

Within a short span of their launch in Dhaka city, short-distance circular bus services in Dhanmondi and Uttara neighbourhoods have turned into long-haul services for not wooing adequate passengers.For example, circular buses on Mohammadpur-Azimpur route via Satmasjid road are in...

Technical glitch makes VAT registration uncertain

Doulot Akter Mala | 2019-07-29 00:00:00

Businesses are facing difficulties to get registered with the VAT net after technical glitch in the server even as the July 31 deadline looms.A number of businessmen have complained to the VAT offices that they cannot get access to the...

Monetary policy to beef up capital mkt

Siddique Islam | 2019-07-29 00:00:00

The central bank is set to unveil its first half-yearly (H1) monetary policy for the current fiscal year, 2019-20, on Wednesday, with the policy rates likely to remain unchanged. The monetary instrument is also expected to continue its policy support...

BFIDC to set up factory in Ctg to export furniture

Talha Bin Habib | 2019-07-29 00:00:00

A move is underway to set up a state-of-the-art export-oriented furniture factory in the country with Saudi investment, officials said. The factory will be set up at Kalurghat in Chattogram on a land of the Bangladesh Forest Industries Development Corporation...

Bangladesh Delta Plan 2100: Highlighting five key elements - I

Quamrul Ahsan | 2019-07-29 00:00:00

The Government of Bangladesh has recently approved a plan that calls for a secure, safe, resilient and prosperous Bangladesh. An adaptive delta management (ADM) practice is said to be the cornerstone of this comprehensive plan called Bangladesh Delta Plan 2100...

Think the heatwave was bad? Climate already hitting key tipping points

Matthew Green in London | 2019-07-29 00:00:00

"Shall we all just kill ourselves?" It was an odd title for a comedy night, but British stand-up Carl Donnelly turned out to have chosen an environmental theme with impeccable timing. With temperature records tumbling daily in last week's European...