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Pasteurised milk: Safe or unsafe?

Shamsul Huq Zahid | 2019-06-28 00:00:00

Consumers have ample reasons to be confused over the issue of purity of pasteurised milk now available in the market. The globally reputed International Centre for Diarrhoeal Diseases, Bangladesh (ICDDR,B) in a research study had detected harmful bacteria in 75...

Developing hi-tech park

Nilratan Halder | 2019-06-28 00:00:00

The Bangabandhu Hi-tech Park at Kaliakoir, Gazipur has reportedly attracted $1.5 billion investment - one of the massive private investments in the country -- from nine companies, both local and foreign. Agreements signed between the park authority and the companies...

Review of the existing BITs is in order

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

There is a wave of revisions and terminations of Bilateral Investment Treaties (BITs) in many developing countries for the last few years. The main reason for the move is unbalanced nature of Investor-State Dispute Settlement (ISDS) mechanism incorporated in the...

Air, noise pollution perils life in Ctg

Nazimuddin Shyamol | 2019-06-27 00:00:00

CHATTOGRAM, June 26: The port city of Chattogram is fast turning into a hellhole for its atmospheric pollution caused by dirt, dust and black smoke.Noise pollution is another irritant in the industrial city.According to environmentalists, unnecessary honking by chaotic traffic...

BR moves to hire 20 Indian locomotives

Munima Sultana | 2019-06-27 00:00:00

Bangladesh Railway (BR) has taken an initiative to hire 20 locomotives from India to facilitate smooth train service across the country, as most of its engines have already become old and outdated.Although the state-owned train operator has a plan to...

IMF airs concern over soaring soured loans

Siddique Islam | 2019-06-27 00:00:00

The International Monetary Fund (IMF) has expressed concern over the rising trend in non-performing loans (NPLs) in the country's banking sector.The Washington-based lender also intended to learn about the banks' plan to downsize their volume of classified loans in the...

Blockchain releases farmers from the collateral trap

Busani Bafana in Bulawayo, Zimbabwe | 2019-06-27 00:00:00

A Jamaican start-up has an innovative solution to help smallholder farmers-many of whom do not have the collateral demanded by financial institutions to access loans-build a track record of their production that is proving better than collateral.FarmCredibly creates a record...

Gender diversity for higher productivity

Helal Uddin Ahmed | 2019-06-27 00:00:00

The International Labour Organisation (ILO) has been making a case for greater representation of women in the decision-making positions of businesses for a long time. Since the publication of its global report 'Women in Business and Management: Gaining Momentum' published...

Challenges democratic governments face: How to renew the social contract

Kemal Dervis and Caroline Conroy in Washington, DC | 2019-06-27 00:00:00

The success of Western-style democracy after World War II was based on national social contracts: citizens paid taxes, and the state provided the conditions for steady economic progress, along with secure jobs, a social safety net, and redistributive policies that...

BSEC seeks tax on future reserves

Mohammad Mufazzal | 2019-06-26 12:00:00

The securities regulator has suggested imposing tax on the profit to be transferred as reserves from next year by the listed companies.However, tax will be applicable only to companies that will fail to disburse a minimum amount of cash dividend.The...

Can Bangladesh win its war on drugs?

Kamal Uddin Ahmed | 2019-06-26 00:00:00

Today, June 26, is the international commemorative day against "Drug Abuse and Illicit Trafficking" of drugs. Determined to realise a global society free of drug abuse, the UN General Assembly adopted a resolution on December 7, 1987 (Resolution No.42/112) to...

Can UBI survive financialisation?

Lena Lavinas | 2019-06-26 00:00:00

Universal basic income (UBI) is hardly a new concept, but it has taken on a new life in recent years. Voices on both the left and the right now argue that a UBI could be the key to addressing major...

Not just another budget

Hasnat Abdul Hye | 2019-06-26 00:00:00

There are compelling reasons for not considering the budget proposal for the next fiscal year (2019-2020) as a routine exercise or just as another budget. It has not been so during the past decade under the present political dispensation. Being...

1.45m cash transactions in Mar reported

Rezaul Karim | 2019-06-25 00:00:00

Bangladesh Bank (BB) did not find any terror or money-laundering links with more than 1.45 million cash transactions in March this year.The Bangladesh Financial Intelligence Unit (BFIU) received over 1.45-million cash transaction reports (CTRs) in March 2019 and some 263...

JICA frets over delay in land acquisition

Munima Sultana | 2019-06-25 00:00:00

A delay in acquiring the land for the cross-border road network improvement project has disappointed its Japanese financier.The Japan International Cooperation Agency (JICA) has expressed its concern over the slow pace of the project's implementation although all the contract packages...

Capital dredging of Karnaphuli likely to be completed in 2022

Nazimuddin Shyamol | 2019-06-25 00:00:00

CHATTOGRAM, June 24: The long-awaited capital dredging of Karnaphuli River is likely to be completed in 2022.Chattogram Port Authority (CPA) in association with Bangladesh Navy (BN) under a project worth Tk 2,420 million (Tk 242 crore) started the capital dredging...

Ensuring participation of host communities in the management of crisis

Mehdi Mahmud Chowdhury from London | 2019-06-25 00:00:00

In the second week of April, 2019 I had the opportunity to visit the refugee camps in the Greek island of Lesbos. The island, situated in the beautiful Aegean Sea, is the third largest island of Greece and due to...

FY20 budget statement: Treatment of the financial sector

Mirza Azizul Islam | 2019-06-25 00:00:00

Financial sector of a country encompasses a wide variety of institutions. Those include banks, capital market, insurance companies, nonbank financial institutions etc. This article focuses on the treatment of banks in the budget statement of the Finance Minister presented to...

10 cos in capital market make up loan defaulters' list

Mohammad Mufazzal | 2019-06-24 00:00:00

As many as 10 companies in the capital market and one brokerage firm are among the top 300 loan defaulters, whose names were revealed in parliament on Saturday.These 11 companies have swallowed a total of Tk 19.80 billion in default...

Farm loan disbursement to cross FY '19 target

Siddique Islam | 2019-06-24 00:00:00

The farm credit disbursement is expected to cross the target by the end of this fiscal year (FY) as the central bank has beefed up efforts to make such credit available to the farmers, officials said.The expectation came after achieving...

Team Bangladesh stand out in this WC

Neil Ray | 2019-06-24 00:00:00

If rain has been a spoiler of matches of the International Cricket Council (ICC) World Cup 2019 in England and Wales, the most acerbic complaint against the tournament is a lack of nail-biting competition. Not a single match has produced...

Knowing true colour of the money

Shamsul Huq Zahid | 2019-06-24 00:00:00

The debate over facility extended to whiten 'black money' or legalise 'undisclosed income' returns on the occasion of announcement of most budgets. Though the facility was first offered in the mid-seventies, it remained more or less a recurrent event during...

BSEC readies proposals before meeting with NBR tomorrow

Mohammad Mufazzal | 2019-06-23 00:00:00

The securities regulator BSEC will submit a set of 'specific' proposals to the National Board of Revenue (NBR) tomorrow (Monday) on the measures, including the tax on reserves, in the proposed budget for the fiscal year (FY) 2019-20.Talking to the...

Move to carry out feasibility study underway

Munima Sultana | 2019-06-23 00:00:00

A move has been taken to conduct a feasibility study to find a possible route for building outer circular road around Dhaka city aiming to ease traffic congestion.Officials said Dhaka Transport Coordination Authority (DTCA) has taken the move with an...

Work on four-lane project yet to start for delay in land acquisition

Munima Sultana | 2019-06-22 00:00:00

The Roads and Highways Department (RHD) could not start the construction work to upgrade the Elenga-Hatikumrul-Rangpur highway to four-lane even after completion of the tender process.The start of the four-lane project is being delayed as the RHD has yet to...

Ctg at high risk of earthquake

Nazimuddin Shyamol | 2019-06-22 00:00:00

CHATTOGRAM, June 21: Chattogram and its adjoining areas are at high risk of earthquake, experts said. Over six million people now live in an earthquake zone while more than 0.14 million buildings are vulnerable to it, they warned.The experts also...

Spl banks, FIs pay scant attention to written-off loans

Syful Islam | 2019-06-22 00:00:00

The state-owned specialised banks and financial institutions (FIs) are making little effort to recover their written-off loans worth billions of taka, data showed.Up to March of the outgoing fiscal year (FY), five specialised banks and FIs recovered only Tk 100...

Stocks sink into red as budget hopes start fading

Babul Barman | 2019-06-22 00:00:00

Stocks took a downward turn in the outgoing week, snapping a three-week gaining streak, as some proposed budgetary measures for the capital market have rattled the investors. The correction was triggered by post-budget reaction as the budget stimulus might prove...

New VAT law to help fetch an addl Tk 365b

Doulot Akter Mala | 2019-06-22 00:00:00

The government projects an additional tax revenue of Tk 365.22 billion in the next fiscal year (FY), following the enforcement of the new VAT and Supplementary Duty Act-2012.The highest amount of Tk 70 billion in taxes will be mobilised from...

Tobacco: Taking on the silent killer

Prof. Sarwar Md. Saifullah Khaled | 2019-06-22 00:00:00

Highlighting the health and additional risks associated with tobacco use, and advocating effective policies to reduce tobacco consumption, the 'World No Tobacco Day' was observed in Bangladesh on June 20. The World Health Organisation (WHO) and global partners observe the...