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Opportunities and challenges for Bangladesh

Aminul Hoque Tushar | 2019-06-01 00:00:00

The remittances earned by overseas workers have been considered a major economic stake of the country. As an overpopulated and poverty-stricken country, Bangladesh took the opportunity to transfer its abundant manpower to different foreign countries and earn remittances. Up to...

Iftar extravaganza and growing consumerism

Asjadul Kibria | 2019-06-01 00:00:00

During the month of Ramadan, breaking the dawn to dusk fasting with modest but nutritious Iftar at evening is preferable. But in Bangladesh, mouth-watering gastronomic delicacies with low nutritional value are widely consumed as Iftar. Though presence of fruits are...

Poverty: Up and down the line

Abdul Bayes | 2019-06-01 00:00:00

In a static stance, measurement of poverty shows the proportion of people under the defined poverty line. This measurement bypasses the movements in and out of poverty trap. In a comparable context, however, some people ascent, some descent and some...

Socio-economic aspects of Eid festival

Muhammad Abdul Mazid | 2019-06-01 00:00:00

The main source of religious festivals traces to observance of rituals. Many of the rituals were related to agriculture and were determined by lunar months. Although most of the festivals were related to religions, they did not evolve on account...

Closing the global governance gap

Kemal Dervis in Washington, DC | 2019-06-01 00:00:00

Technological waves have always driven social and political change and progress, along with economic growth. Gutenberg's printing press democratised communications, which had long been monopolised by church scribes. The Ottoman Empire's long ban on printing presses may have been a...

Call money market stable ahead of festival time

Siddique Islam | 2019-05-31 00:00:00

The inter-bank call money market was almost stable ahead of the Eid-ul-Fitr festival, helped by coordinated efforts of the government and the central bank.The call money rate remained unchanged Wednesday-between 3.75 per cent and 5.0 per cent-from the previous level....

Five more sectors may get cash incentives

Syful Islam | 2019-05-31 00:00:00

The government is likely to extend cash incentives facility to five more local products to help boost exports, officials said.They said the Ministry of Commerce (MoC) has finalised a list of products for providing cash incentives and will send it...

Net foreign fund in stocks slump

Babul Barman | 2019-05-31 00:00:00

Net foreign investment in the Dhaka Stock Exchange (DSE) remained negative for the three consecutive months in May as overseas investors continued their selling spree.Foreign investors collected shares worth Tk 3.20 billion but sold Tk 3.84 billion worth of shares...

A beginner's guide to research

S. M. Rayhanul Islam | 2019-05-31 00:00:00

The term 'research' brings before us "creative work undertaken on a systematic basis in order to increase the stock of knowledge, including knowledge of humans, culture and society, and the use of this stock of knowledge to devise new applications."...

BIWTA' eviction drive: A good work, indeed

Shamsul Huq Zahid | 2019-05-31 00:00:00

One particular job that the Bangladesh Inland Water Transport Authority (BIWTA) is now doing is that it is evicting the grabbers from lands that belong to Buriganga, Turag and Shitalakhya and Meghna rivers. The BIWTA appears determined to accomplish its...

Relevance of Modern Monetary Theory

Robert H. Dugger from Alexandria, Virgina, USA | 2019-05-31 00:00:00

In a recent Project Syndicate commentary, James K. Galbraith of the University of Texas at Austin defends Modern Monetary Theory (MMT) and corrects some misunderstandings about the relationships among MMT, federal deficits, and central-bank independence. But Galbraith does not explore...

How to live better and stop destroying the planet

Ana Paula Aguiar, Odirilwe Selomane, and Pernilla Malmer in Stockholm, Sweden | 2019-05-31 00:00:00

Earlier this month, a bleak global assessment of the shocking state of life on Earth made headlines worldwide. According to the report by the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES), about 12 per cent of all known...

BSEC drafts revised public issue rules

Mohammad Mufazzal | 2019-05-30 00:00:00

The securities regulator has revised the public issue rules by incorporating some provisions, including a three-year lock-in period for all the shareholders mentioned in the IPO (initial public offering) prospectus of a company.The Bangladesh Securities and Exchange Commission (BSEC) has...

Traders given until June 30 to declare gold, silver holdings

Doulot Akter Mala | 2019-05-30 00:00:00

The National Board of Revenue (NBR) has offered an opportunity to disclose undeclared gold, diamond and silver by paying a certain amount of tax by June 30, 2019.Under the facility, taxmen will not raise any question on the source of...

Setting the record straight about African migration

Folashadé Soulé and Camilla Toulmin in Abidjan, Côte d'Ivoire | 2019-05-30 00:00:00

In recent years, images of young Africans attempting to reach Europe, sometimes through the most daring and desperate routes, have become a fixture on global and national news channels. Cynical politicians in Europe and the United States have argued, for...

LDC graduation: Progress brings its own challenges

Shamsul Alam | 2019-05-30 00:00:00

The development progress of Bangladesh, measured in terms of income, poverty and human development, is truly impressive, especially after 2009. Between FY1974 and FY 2018, per capita income increased from $90 to $1,752, the incidence of moderate poverty declined from...

Rectifying the SOEs

Helal Uddin Ahmed | 2019-05-30 00:00:00

According to recent media reports, the total losses in mills and factories owned by the country's five state-owned corporations have risen by six-fold over the past 10 years. While these factories incurred a total loss of Tk 3.25 billion in...

WTO dispute settlement at a stake

Asjadul Kibria | 2019-05-30 00:00:00

Dispute Settlement Body (DSB) is one of its core instruments of the World Trade Organization (WTO). This is the only multilateral mechanism to address trade related disputes among the different member countries. Since the inception of the multilateral trade body,...

Why skilled workforce is necessary for Bangladesh

Sarwar Md. Saifullah Khaled | 2019-05-29 00:00:00

In modern times, skill development of the workforce is a sine qua non for enhancing productivity in industries of all levels from primary to tertiary. Equipping the workforce employed in industrial, agricultural and all other sectors of the economy with...

Calculation of ADR and its implication in banking sector

Tapash Chandra Paul | 2019-05-29 00:00:00

Banks play a pivotal role in mobilisation and allocation of resources in an economy. Deposits and advances are termed as inflow and outflow, i.e. the funds of the banks. The loans and advances are deployed by the commercial banks based...

Political landscape of Europe changes

Harold James in Princeton, New Jersey, USA | 2019-05-29 00:00:00

The European Parliament elections that concluded on May 26 turned out to be a Game of Thrones replay - a long and complex story with a surprising and, for many, unsatisfactory outcome. As with Game of Thrones, some fans are...

Move to make minimum import value state-neutral

Doulot Akter Mala | 2019-05-28 00:00:00

The National Board of Revenue (NBR) is set to review the existing country-specific minimum import value to make it state-neutral and include the minimal provision for faster customs clearance in the upcoming budget, officials said.The introduction of both provisions is...

Local industries are allowed to borrow from offshore banking

Siddique Islam | 2019-05-28 00:00:00

Local industrial enterprises are now allowed to receive foreign currency loans with lower interest rate from offshore banking operation of banks, officials said.Under the regulations, interested local industrial enterprises will have to submit loan proposal in prescribed forms to the...

BD's financial sector suffers from 'knowledge mismatch'

Ismail Hossain | 2019-05-28 00:00:00

The financial sector of Bangladesh has 'knowledge mismatch' on both sides of the customers and service providers due to lack of knowing each other much, said a top executive of a market research firm. To bridge the gap, the company...

Class analyst: Global income inequality

Chris Wellisz in Washington, DC | 2019-05-28 00:00:00

As a child growing up in Communist Yugoslavia, Branko Milanovic witnessed the protests of 1968, when students occupied the campus of the University of Belgrade and hoisted banners reading "Down with the Red bourgeoisie!"Milanovic, who now teaches economics at the...

Bridging the digital divide: Access to ICT & media

Mohammad Saiful Islam | 2019-05-28 00:00:00

The digital era truly started in the early 2000s when the total number of global internet users crossed the one billion mark. With the emergence of mobile internet, that number decupled within the next 10 years. While emerging technologies such...

North Korea dubs Bolton's comments 'inordinately ignorant'

Josh Smith in Seoul | 2019-05-28 00:00:00

US National Security Adviser John Bolton is "inordinately ignorant" to argue that North Korea's recent missile tests violated United Nations resolutions, the North's foreign ministry said in a statement carried by state media on Monday. A statement issued by state...

Making anecdotal evidence, statistical

Hasnat Abdul Hye | 2019-05-28 00:00:00

It is a truism that has become almost passe' that there are always exceptions to the rule. But sometimes the exceptions are so glaring and rooted in experience that they turn the rule on its head. Statistics, cynically designated as...

Shortfall in revenue collection: Simplifying the tax law

Akhter Zamil | 2019-05-27 12:00:00

The national budget for the fiscal 2019-2020 is expected to be announced in Parliament on June 11, 2019. This is the first budget of the present Finance Minister, and it is expected to be a realistic and attainable one given...

Shipping dept to go tough against unfit river vessels

Talha Bin Habib | 2019-05-27 00:00:00

Department of shipping (DoS) will go tough against river vessels plying different routes in the country without survey certificates during the Eid-ul-Fitr festival. As part of the move, the officials concerned will visit different river ports from this week to...