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Budget: Big, bigger and bigger

Shamsul Huq Zahid | 2019-06-17 12:00:00

No wonder that the government every time comes up with a budget bigger than the previous one. Understandably, this is more for playing to the gallery than framing the budget within the government's ability to pool resources and spend the...

Marine drive still lies unutilised

Munima Sultana | 2019-06-17 00:00:00

The world's longest marine drive from Cox's Bazar to Teknaf along the Bay of Bengal remains unutilised two years after its completion due to 'faulty planning'.The 80-kilometre driveway was built at an overrun of cost and 24 long years, sources...

Country devising ways to offset cash incentives withdrawal

Syful Islam | 2019-06-17 00:00:00

The ministry of commerce is devising a mechanism on how to keep the country's export sector competitive without providing cash incentives in the post-LDC era, officials said.The idea is being worked out since Bangladesh will lose the eligibility for providing...

Listed cos fear stunted growth

Mohammad Mufazzal | 2019-06-17 00:00:00

A total of 209 listed companies will have to pay an additional Tk 107.92 billion if the proposed 15 per cent tax on 'reserves and retained earnings' is implemented.Officials concerned said a large number of companies, especially banks, will face...

IMF mission sounds alarm as banks' stressed assets soar

Siddique Islam | 2019-06-17 00:00:00

The International Monetary Fund (IMF) has expressed concern over the rising trend in stressed assets in the banking sector.The Washington-based lender recommended that the quality of assets should be improved immediately.Stressed assets are defined as the sum of gross non-performing...

Construction of 2nd unit of ERL likely to be started soon

Nazimuddin Shyamol | 2019-06-17 00:00:00

CHATTOGRAM, June 16: The works to set up the second unit of the Eastern Refinery Limited (ERL) is progressing in full swing now. Tecnip of France has already submitted the design and layout plan to the ERL authority recently, concerned...

Asia-Pacific region falters on UN development goals

Thalif Deen in UN Headquarters, New York | 2019-06-17 00:00:00

UN Deputy Secretary-General Amina Mohammed told a Chatham House meeting in London last week that the UN's Millennium Development Goals (MDGs), one of the legacies of the late Secretary-General Kofi Annan, "spawned tremendous progress" in the battle against poverty worldwide.She...

State of multilateralism: Rise of regional and plurilateral trade agreements

Shamsul Alam | 2019-06-17 00:00:00

International trade has been the primary engine of facilitating income and accumulating wealth around the world in the post-WWII period. The goal of progressive trade liberalisation has been universally accepted and pursued under the singular body of the multilateral trade...

Black money whitening scheme - ethical issues

Asjadul Kibria | 2019-06-17 00:00:00

A debate is now on about the budget proposal allowing 'undisclosed income' for investment in industry and real estate to become 'disclosed'. It is an official facility to 'whiten black money'. The budget for FY20, placed in the national parliament...

Proposed Budget 2019-20: How will revenue-GDP ratio increase?

Muhammad Abdul Mazid | 2019-06-17 00:00:00

Three types of weaknesses are usually embedded in the national budget of Bangladesh: (a) Weakness in revenue collection and generation; (b) Low efficiency and high costs in productive sectors; (c) Poor expenditure management leading to poor quality outcomes. Traditionally, the...

Capital market

Mohammad Mufazzal | 2019-06-16 00:00:00

The market operators and experts have expressed their mixed reaction to the measures announced for the country's capital market in the budget proposed for the fiscal year (FY) 2019-20.Hailing the proposed budgetary measures, some of them said investors would benefit...

Heavy rain triggers Ctg waterlogging

Nazimuddin Shyamol | 2019-06-16 00:00:00

CHATTOGRAM, June 15: The first day of this rainy season dawned in Chattogram on Saturday bringing in heavy rain causing severe waterlogging in low-lying areas.The Met office recorded 19 mm rainfall from 6:00 am to 2:00 pm in the port...

Budgetary measures for stock market

Mohammad Mufazzal | 2019-06-16 00:00:00

The market operators and experts have expressed their mixed reaction over the measures announced for the country's capital market in the proposed budget for the fiscal year (FY) 2019-20.Hailing the proposed budgetary measures, some of them have said investors will...

Coping with rising protectionism in developed countries

Shamsul Alam | 2019-06-16 00:00:00

In a period when global economy is already suffering from post-recession inertia and failing to pick up strong pace of recovery, surge of protectionist trade policies has emerged as a new obstacle in the path of promoting inclusive growth through...

THE AFGHANISTAN CONUNDRUM

Amin Saikal in Canberra, Australia | 2019-06-16 00:00:00

In January 2018, Afghan President Ashraf Ghani publicly admitted that without American support, his government and the Afghan National Army (ANA) could not last very long. That remains the case today: the government is in disarray, and the ANA is...

The Chinese horse in Europe: Time for changing of the guard may not be far off

Hasnat Abdul Hye | 2019-06-16 00:00:00

The media in Europe and, not to be left behind, in America is abuzz with news about a Trojan Horse at large on the shores of the old continent. Since the spectre of the animal as a metaphor for surreptitious...

Medicines without expiry date

Shamsul Alam | 2019-06-16 00:00:00

The bleak fact that date expired medicines are found at 93 per cent of drug stores in Dhaka squares with the oft-published news reports on the malady. The latest revelation made by a senior government official is disconcerting. It defies...

Ctg commoners fretful about price hike after budget

Nazimuddin Shyamol | 2019-06-15 12:00:00

CHATTOGRAM, June 14: The common people in Chattogram seemed least interested in the budget proposed on Thursday for the next fiscal year (FY), but they were concerned about one thing-price hike.In his reaction to the budget, rickshaw-puller Muhammed Shahidullah said,...

IMF mission to visit BD on June 16-27

Siddique Islam | 2019-06-15 00:00:00

A mission of the International Monetary Fund (IMF) is scheduled to visit the country from June 16 (tomorrow) to June 27 to review the overall macro-economic situation.The IMF Article IV Consultation Mission has already sought information on different macro-economic issues,...

Budget makes investors' hope a reality

Babul Barman | 2019-06-15 00:00:00

Stocks extended the gaining streak into the third consecutive week that ended on Thursday as investors collected large-cap shares in the run-up to the budget amid high expectation.Market analysts said the stocks kept gaining as budgetary hopes boosted the market...

The heavy cost of traffic congestion

Asjadul Kibria | 2019-06-15 00:00:00

The TomTom Traffic Index doesn't includes Dhaka, but there is little doubt that road traffic in Dhaka is one of the worst in the world. The index, an international portal, provides free access to live and historical traffic and travel...

Raising milk production

Abdul Bayes | 2019-06-15 00:00:00

Newspaper reports indicate that increasing number of students are now enrolling in technical schools with an eye on developing skills. There is perhaps little doubt that this is happening in the wake of the growing demand of trade and commerce....

Answer lies in ratifying convention

Aminul Hoque Tushar | 2019-06-15 00:00:00

The C189 Domestic Workers Convention 2011 is a unique international instrument to protect the rights of domestic workers across the world. Bangladesh signed the convention, but it is yet to ratify it. A total of 28 countries have already ratified...

Global recovery, output and trade trends

Shamsul Alam | 2019-06-15 00:00:00

The graduation of Bangladesh from the list of Least Developed Countries (LDC) is unquestionably one of the greatest national achievements of the country. It is an international recognition of substantial progress made by this country over past few decades. The...

An uncertain future for Palestinian refugees

Charlotte Munns in UN Headquarters, New York | 2019-06-15 00:00:00

The United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) has been forced to justify its existence at the United Nations ahead of a pledging conference later this month.UNRWA came under fire by Jason Greenblatt,...

Black money holders to make hay

Doulot Akter Mala | 2019-06-14 00:00:00

Black money holders will be able to invest in economic zones and high-tech parks by paying a flat 10 per cent tax in the upcoming fiscal year (FY).The tax authority will not ask any question on the source of the...

Businesses welcome proposed budget

Syful Islam | 2019-06-14 00:00:00

Country's business community hailed the proposed budget for the fiscal year 2019-20 which was placed in parliament on Thursday.In their instant reaction the business leaders termed the proposed budget time-befitting and business-friendly. The Dhaka Chamber of Commerce and Industry (DCCI)...

Ambitions galore, short of strategies

Shamsul Huq Zahid | 2019-06-14 00:00:00

Undaunted by possible challenges, both domestic and foreign, the government Thursday placed in parliament an ambitious Tk.5.23 trillion budget for the fiscal year (FY) 2019-20. The proposed budget is unlikely to create much wave barring the issues such as opportunity...

Protecting children from bullying and cyber torment

S. M. Rayhanul Islam, | 2019-06-14 00:00:00

Ending the torment: tackling bullying from the schoolyard to cyberspacePublished by the United Nations, 2016Pages: 174, ISBN: 978-92-1-101344-3 Bullying, including cyber bullying, is a key concern for children. It affects a high percentage of children at different stages of their...

It's DWASA again

Shamsul Huq Zahid | 2019-06-14 00:00:00

It is no secret that residents of the capital city are not satisfied with the performance of the Dhaka Water and Sewerage Authority (DWASA). They do not approve of the way this major utility service provider has been handling its...