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Govt moves to boost export of agro-processed food items

Rezaul Karim | 2019-07-19 00:00:00

The government has taken steps to increase export of agro-processed food items through addressing the existing bottlenecks, officials said.The WTO (World Trade Organisation) Cell of the commerce ministry will conduct a study to identify the challenges of the processed food...

A stubborn mismatch

Shamsul Huq Zahid | 2019-07-19 00:00:00

Much to the disappointment of the policymakers, the country's stock market instead of showing any sign of recovery recorded a continuous fall during the first couple of weeks of the new financial year (FY), 2019-20.The main index (DSEX) of the...

Is milk safe or not for human consumption?

Nilratan Halder | 2019-07-19 00:00:00

The controversy over the quality of cow milk -both pasteurised in packet or open - is very unfortunate. Claims and counterclaims about the presence of harmful agents particularly in the pasteurised packet milk make the matter worse. Here is a...

Amendment to net metering guideline in the offing

Syful Islam | 2019-07-18 00:00:00

The government is amending the net metering guideline for attracting educational institutions and hospitals to generate solar electricity on the rooftops and sell the unconsumed electricity to the power distribution companies, sources said.They said a draft of the revised Net...

ADB offers loan product for new PPP projects

Munima Sultana | 2019-07-18 00:00:00

The Asian Development Bank (ADB) has offered a new lending product for Bangladesh in the public-private partnership (PPP) sector to make related projects attractive to investors, sources said.Under the loan product, they said, the Manila-based lending agency will act as...

Savouring the greatest festival of cricket

F R Chowdhury from London | 2019-07-18 00:00:00

CWC19 (Cricket World Cup-2019) started with a match between the host England and South Africa in the Oval on May 30, 2019. The opening ceremony took place in front of the Buckingham Palace the day before the first game. After...

School banking: Ensuring financial inclusion since childhood

Mir Mahmudul Haque Chowdhury | 2019-07-18 00:00:00

The principle functions of banks are broadly divided into two segments-- collection of deposits from surplus and supplying the collected fund to the deficit units through disbursement of loans. Usually, banks collect deposits from the account holders, irrespective of their...

Diversifying the jute products

Helal Uddin Ahmed | 2019-07-18 00:00:00

As many as 28 countries of the European Union (EU) as well as New Zealand and Canada have taken an initiative recently to ban single-use polythene bags in their territories. Some countries like Luxemburg and Denmark have already imposed taxes...

Reducing trade imbalance with South Korea

Kamal Uddin Ahmed | 2019-07-18 00:00:00

The Republic of South Korea (ROK) provides a fascinating story of rapid economic development and living standard for its people. From a poverty-stricken nation, it transformed itself into a formidable economic power in just four decades. According to the World...

Identifying financial cycles of Bangladesh

Asjadul Kibria | 2019-07-18 00:00:00

The heath of the country's financial sector is a subject of much discussion for some time. Policymakers are comfortable with the current status of the sector. Experts and economists, however, express their concern over the ongoing state of things. They...

Confusion grips small traders over VAT exemption

Doulot Akter Mala | 2019-07-17 00:00:00

Small businesses that were enjoying package VAT (value-added tax) system until June 30 are in confusion over the provision of the new VAT law on exemption ceiling.As per the law that took effect from July 01, a business having an...

BD, Korean delegates meet in Seoul today

Munima Sultana | 2019-07-17 00:00:00

Delegates from public and private sectors of Bangladesh and South Korea sit in Seoul today (Wednesday) to explore investment opportunities in the public-private partnership (PPP) projects under government-to-government (G2G) arrangements.Under the Bangladesh-Korea joint platform to be announced during the first...

How an AI utopia would work

Sami Mahroum in Antwerp, Belgium | 2019-07-17 00:00:00

It is more than 500 years since Sir Thomas More found inspiration for the "Kingdom of Utopia" while strolling the streets of Antwerp. So, when I travelled there from Dubai in May to speak about artificial intelligence (AI), I couldn't...

Facebook and friends threaten to Libralise the world

Anis Chowdhury in Sydney and Jomo Kwame Sundaram in Kuala Lumpur | 2019-07-17 00:00:00

On 17 June, a Facebook white paper proposed a new global digital currency it plans to launch in the first half of 2020. The Libra will be managed by a 'not for profit' Swiss-based Facebook-led consortium of 'for profit corporations',...

BPC moves closer to securing $1.2b costlier ITFC loan

Rezaul Karim | 2019-07-16 00:00:00

The state-run oil marketing arm BPC is set to receive a costlier loan of US$ 1.20 billion from the International Islamic Trade Finance Corporation (ITFC) to import petroleum products in the calendar year 2020.Officials said the Bangladesh Petroleum Corporation (BPC)...

PPP Office seeks a host of tax benefits for new areas

Doulot Akter Mala | 2019-07-16 00:00:00

The Public Private Partnership (PPP) Authority has sought tax benefits for some new areas to help attract private investors, officials said.The agency, under the Prime Minister's Office (PMO), has requested the revenue board to offer the benefit for utility services...

Invest in SEZs of Bangladesh

Siddique Islam Back from Kuala Lumpur, Malaysia | 2019-07-16 00:00:00

Malaysian entrepreneurs have been urged to invest in the special economic zones (SEZs) of Bangladesh as those are expected to be a game changer for attracting foreign direct investment (FDI) in the country.The investors of the South East Asian nation...

The fight to end violence against women in the Asia-Pacific region

Caley Pigliucci in UN Headquarters, New York | 2019-07-16 00:00:00

Parliamentarians met in Laos on July 04-05 to discuss violence against women and girls. The meeting was organised by the Asian Population and Development Association (APDA) and hosted by the National Assembly of Laos.It was a chance to push parliamentarians...

PLFSL: A skeleton in the NBFIs' closet?

Shamsul Huq Zahid | 2019-07-15 12:00:00

The People's Leasing and Financial Services Limited (PLFSL), a listed non-banking financial institute (NBFI), is soon to be liquidated as the government has approved a central bank's proposal in this connection. The central bank is set to start soon the...

Govt decides to take ADB loan, finally

Munima Sultana | 2019-07-15 00:00:00

The government has finally decided to take out loan from Asian Development Bank (ADB) to reconstruct and expand the Dhaka-Sylhet highway, sources said.They said the costly Dhaka-Sylhet four-lane project has been included in the pipeline of ADB for funding till...

Hubris and humility are the indicators

Neil Ray | 2019-07-15 00:00:00

The row over the transfer of a physician following his derogatory post against Masrafe Bin Mortaza, cricket captain of Bangladesh as well as a lawmaker, on the Facebook is an indication of the hubris the Bangalees as a nation is...

How to regulate the Internet

Karen Kornbluh and Ellen P. Goodman in Washington, DC | 2019-07-15 00:00:00

The only topic uniting right and left in the United States these days is "techlash": everyone seems to agree that the time has come for federal regulation of digital platforms. The question is no longer if, but how.Nancy Pelosi, Speaker...

Minimum value for customs assessment made neutral

Doulot Akter Mala | 2019-07-14 00:00:00

The National Board of Revenue (NBR) has introduced a country-neutral minimum value for customs assessment from the current fiscal year (FY) with an upward revision for the majority of products.Minimum value is a threshold that customs authority determines through issuing...

CA firms face music for professional misconduct

Mohammad Mufazzal | 2019-07-14 00:00:00

The Institute of Chartered Accountants of Bangladesh (ICAB) has taken disciplinary actions against some auditors and CA (Chartered Accountant) firms for professional 'misconducts'.The council of the ICAB has taken the actins following the recommendations of its Investigation & Disciplinary Committee...

How to keep central banks independent

Patrick Bolton, Stephen Cecchetti, Jean-Pierre Danthine and Xavier Vives in Barcelona, Spain | 2019-07-14 00:00:00

The global financial crisis that erupted in 2008 transformed the role of central bankers and the scale and scope of their policy toolkit. Today, financial stability is once again at the core of central banks' missions, and interest rates in...

Central banks at bay: A looming currency war?

Hasnat Abdul Hye | 2019-07-14 00:00:00

Time was when members of the blue-ribbon committee of central banks sat in wood-panelled meeting rooms and decided monetary policy framework on quarterly basis. Basking in independence from political pressure, the grey eminence of the financial world took into account...

Dhaka-Chattogram expressway project put on the back burner

Munima Sultana | 2019-07-13 00:00:00

The Dhaka-Chattogram expressway project in the country's prime corridor has been shelved again even after completing necessary preparatory work involving Tk 970 million in last six years.Sources said Roads and Highways Department (RHD) has dropped the public-private partnership (PPP) project...

CPA threatens to slap penal rent on overstaying containers

Syful Islam | 2019-07-13 00:00:00

The Chittagong Port Authority (CPA) has threatened to impose penal rent on fully-loaded containers (Full Container Load) to force the importers to get delivery immediately and free the port yard, officials said on Friday.The warning came as the country's prime...

Stocks keep sinking as investor confidence hits rock bottom

Babul Barman | 2019-07-13 00:00:00

Stocks suffered a big jolt in the outgoing week as investor confidence hit rock bottom, triggering panic selling that sent the benchmark index of the prime bourse reeling down in all five sessions of the week. Market analysts said the...

Work on three new container terminals in progress

Nazimuddin Shyamol | 2019-07-13 00:00:00

CHATTOGRAM, July 12: The work on three new container terminals of the Chittagong Port Authority (CPA) is progressing in full swing.On completion of the work, the capacity of the seaport is expected to increase several times.Sources said the CPA undertook...