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Why China is shutting down zombie companies

Sultana Yesmin | 2019-07-03 00:00:00

The cleaning up of 'zombie enterprises' is on the top of China's priority list, as part of a new economic plan cited in the annual Central Economic Work Conference in 2018. The country has set a plan to eliminate thousands...

Regional significance behind BCIM-EC and BRI projects

Muhammad Abdul Mazid | 2019-07-03 00:00:00

A preeminent method to enhance cooperation in the region could be the creation of a regional fund or regional bank to finance aid projects, to prevent crisis and to provide finance to the private sector. South Asia could take lessons...

A future without currency wars?

Harold James in Princeton, New Jersey, USA | 2019-07-03 00:00:00

The terrible experience of the 1930s should remind us that trade and currency wars go together like a horse and carriage. Now that US President Donald Trump's administration is fully implementing his protectionist "America First" agenda, it is only a...

Operating profits of PCBs rise despite NPLs

Siddique Islam | 2019-07-02 00:00:00

Operating profits of the country's private commercial banks (PCBs) showed an upturn in the first six months (H1) of this calendar year (2019) although the volume of classified loans in the banking sector is on the rise, bankers said.Of 40...

CPA eyes partial operation of Patenga Container Terminal from June next

Nazimuddin Shyamol | 2019-07-02 00:00:00

CHATTOGRAM, July 01: The Patenga Container Terminal (PCT) at the Chattogram seaport may be partially operational in June 2020."We can start the partial operation in June 2020 next," Chittagong Port Authority (CPA) Chairman Rear Admiral Zulfiqar Aziz has said."We have...

How minority shareholders of listed companies can seek protection

Md Nazrul Islam Khan | 2019-07-02 00:00:00

There are two basic organs in the management of listed companies, namely board of directors and members. The board is responsible to perform its fiduciary duties within the ambit of the Article of Association of the company. Members participate through...

Discovery of country's first iron mine brings glad tidings

Sarwar Md. Saifullah Khaled | 2019-07-02 00:00:00

Iron is used abundantly in the real estate, construction, various industries and other sectors of the economy. There is a growing demand for it. Because of this reason and the lack of iron ores in the country, over the past...

G20 fails to fight protectionism

Kamal Uddin Ahmed | 2019-07-02 00:00:00

The high-profile annual summit of Group of 20 (G20) nations was hosted by Japan - the third largest economy of the world for the first time from June 28 to 29, 2019 in Osaka. The leaders at the summit included...

City likely to have first colour-coded bus service

Munima Sultana | 2019-07-01 12:00:00

The city is likely to have the first colour-coded bus service on Mohammadpur-Motijheel route, as all the existing bus operators agreed to merge into one company, sources said.The operators concerned have agreed to run green buses under one company on...

Salt aplenty for Eid-ul-Azha

Rezaul Karim | 2019-07-01 00:00:00

Prime Minister Sheikh Hasina has asked the industries ministry to stay alert on the possibility of an artificial salt crisis as it is adequately available for the upcoming Eid-ul-Azha, officials said.As instructed, the ministry told the Bangladesh Small and Cottage...

Tax on MS rod cut after demand from steel lobby

Doulot Akter Mala | 2019-07-01 00:00:00

The government has slashed the tax on the import of mild steel (MS) rod to Tk 1,000 per tonne, though it was increased from the tariff value.Until Sunday, the tariff value was Tk 900.In the budget announced on June 13,...

Govt set to approve draft SME Policy-2019 today

Talha Bin Habib | 2019-07-01 00:00:00

The government is set to approve the draft SME Policy - 2019 today (Monday), offering special policy and institutional support to boost the potential sector.The Ministry of Industries (MoI) has already drafted the policy by incorporating 11-point strategies, including access...

What colour is gold-- black and white also?

Neil Ray | 2019-07-01 00:00:00

In this country of wonder and surprise, even gold can be black. But it is only in terms of economy and euphemistically speaking. It is insoluble in chemicals and hence has no chance of turning black. No magician's wizardry will...

Of hijras and app-based motorbikers

Shamsul Huq Zahid | 2019-07-01 00:00:00

Dhaka is among the worst liveable cities on earth. It has a plethora of problems, including a few unmanageable ones. Its traffic woes have attracted the global attention. Equally bad is its air quality. Burdened with an ever-bulging population, Dhaka...

Time elapses sans tangible progress

Munima Sultana | 2019-06-30 00:00:00

A great deal of time has elapsed without work on a project to develop a dedicated bus corridor from Gazipur to Hazrat Shahjalal International Airport.Sources said the two main Chinese contractors of the troubled project, known as Bus Rapid Transit...

No plan to import salt this yr

Rezaul Karim | 2019-06-30 00:00:00

The government has no plan to import salt this year, especially ahead of Eid-ul-Azha, as the country has a stock of around 1.0 million tonnes of the essential item.When contacted, director (project) of Bangladesh Small and Cottage Industries Corporation (BSCIC)...

Budget FY 2019-2020: Continuing the momentum of growth

SM Shamsul Arefin | 2019-06-30 00:00:00

Global gross domestic product (GDP) growth in 2018 was slightly lower than that of the previous year mainly because of the trade issues between China and the USA, slower economic activities in the United Kingdom (UK) and the European Union...

BB sells highest ever $2.34 billion in FY '19

Siddique Islam | 2019-06-29 00:00:00

The central bank sold a record amount of $2.34 billion to the banks directly in the outgoing fiscal year (FY), but the local currency keeps losing its value against the greenback.Officials said dollar was supplied to commercial banks from July...

PC revives project after three years

Munima Sultana | 2019-06-29 00:00:00

A project to set up overhead electric traction in the Dhaka-Chattogram corridor has been revived after it remained shelved for over three years.Sources said the Planning Commission (PC) has finally fixed the date of a project evaluation committee (PEC) meeting...

Stocks climb on prospect of tax review

Babul Barman | 2019-06-29 00:00:00

Stocks crawled back into the green in the outgoing week, reclaiming some losses from the previous week, as investors see a possibility of a review of the budgetary measures for the capital market.Market analysts said high expectations for a tax...

The melting glaciers on the Himalayas

Prof. Sarwar Md. Saifullah Khaled | 2019-06-29 00:00:00

Glaciers on the Himalayas are now melting about twice as fast as they used to do before. The event is being shown to the scientists now by the Cold War era spy satellite images. According to a study published on...

Sazzad Qadir: A versatile litterateur

Helal Uddin Ahmed | 2019-06-29 00:00:00

One of the leading Bengali Poets of the 1960s and a founding member of Bangladesh Jatiya Kobita Parishad (National Poetry Council) Sazzad Qadir left for eternity all of a sudden on April 06, 2017. He was 70 at the time...

Exploring the heart of a city

Nilratan Halder | 2019-06-29 00:00:00

Whenever people are on a visit to a city in a different land, invariably they tend to compare between it and their own. Even a cursory glance reveals some similarities and dissimilarities to those not famous for probing minds. But...

COLOUR OF MONEY

Muhammad Zakiul Islam | 2019-06-29 00:00:00

Although the caption is akin to a 1986 Hollywood movie featuring Paul Newman and Tom Cruz with an American spelling, there is no attempt to plagiarise. Comes the time for the Annual Budget, you would invariably hear arguments for and...

Budget implementation and some observations

Muhammed Ali | 2019-06-29 00:00:00

The economic and social context in which the budget for FY 2019-2020 has been proposed is important to note. We hail the budget for adopting some strategies -- innovative and out of the box -- to steer ahead the momentum...

Securing the citizens' data

Asjadul Kibria | 2019-06-29 00:00:00

During the third week of this month (June), the Dhaka Metropolitan Police (DMP) launched a special drive to collect information of the city's residents. Under the title 'Citizen Information Collection Week,' the police have asked the house-owners and tenants to...

Health systems and outcomes

Abdul Bayes | 2019-06-29 00:00:00

Bangladesh has emerged as a lead player in the use and integration of research into development decision-making. Notably, this applies in relation to health systems, nutrition, social protection, agriculture and poverty. The author recollects that a few years back an...

Trump's gamble on Iran

Abdur Rahman Chowdhury from Falls Church, Virginia, USA | 2019-06-29 00:00:00

Iran-America antagonism reached an all-time high during the weekend following the attack on the American surveillance drone by Iran on June 20. Iran claimed that the drone was transgressing its airspace when it was shot down by a surface-to-air missile....

A bad free trade agreement is worse than nothing

Jomo Kwame Sundaram and Nazran Zhafri Ahmad Johari in Kuala Lumpur, Malaysia | 2019-06-29 00:00:00

With growing economic conflicts triggered by US President Donald Trump's novel neo-mercantilist approach to overcoming his nation's economic malaises, many voices now argue that bad free trade agreements are better than nothing. After US withdrawal following Trump's inauguration in early...

An ambitious outline of new economics

Asjadul Kibria | 2019-06-28 00:00:00

Flaws and vulnerabilities of the current model of capitalism are well exposed. Nevertheless, a large number of mainstream economists and capitalists are yet to recognise the fact. They are rather pursuing the policymakers to uphold the current system of capitalism...