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The GDP paradox

Helal Uddin Ahmed | 2019-05-23 00:00:00

Broadly speaking, there are three measures of national income or output in a country. These are: the sum of all incomes, in cash and kind, accruing to factors of production in a given time period; the sum of net outputs...

BB sees foreign investment potentials in green bond

Syful Islam | 2019-05-22 00:00:00

The central bank sees substantial potential in foreign investment if quality green bond is launched in Bangladesh.The opinion came as Bangladesh Bank (BB) and the International Finance Corporation (IFC) recently started a joint assessment of green bond opportunities in the...

Bangladesh: Journey towards achieving Sustainable Development Goals (SDGs)

Tapash Chandra Paul | 2019-05-22 00:00:00

The Sustainable Development Goals (SDGs) were adopted by the United Nations (UN) at the end of 2015 immediately after achievement of the MDGs. The SDG Agenda was adopted after extensive consultations with governments, civil societies, business and development partners to...

Modern monetary disasters

Sebastián Edwards in Los Angeles | 2019-05-22 00:00:00

Modern Monetary Theory (MMT), a seemingly new approach to economic policy, has become a hot topic, gaining support from leading US progressives such as presidential candidate Bernie Sanders and Democratic Representative Alexandria Ocasio-Cortez. But MMT enthusiasts should heed lessons learned...

Poor receipts prompt govt to cut tax collection target

Doulot Akter Mala | 2019-05-21 00:00:00

The government has revised the tax collection target downward to Tk 2.80 trillion for the current fiscal year following lacklustre trend in receipts, people familiar with the development said.The original target for the tax revenue collection was set at Tk...

Govt bans sea fishing for two months

Nazimuddin Shyamol | 2019-05-21 00:00:00

CHATTOGRAM, May 20: The government has imposed a ban on fishing in the Bay of Bengal for two months from today (Tuesday) to preserve fish stock and ensure proper breeding. The fishing ban will be ended on July 23 next.Organising...

Ensuring effectiveness of industrial cluster development

Md Joynal Abdin | 2019-05-21 00:00:00

Over the past couple of decades, the economy of Bangladesh has been transitioning from agricultural economy to industrial economy. Contribution of agriculture to the gross domestic product (GDP) is reducing day-by-day while at the same time contribution of industries is...

ADB pushes for policy actions

Rezaul Karim | 2019-05-20 00:00:00

The ADB has attached some conditions, including the approval of the proposed organogram of the securities regulator, to the release of the second tranche of $170 million for the Third Capital Market Development Programme (CMDP3).Several pending policy actions under the...

HOW NELSON MANDELA BENT HISTORY

Mark Suzman in Seattle, USA | 2019-05-20 00:00:00

Twenty-five years ago, South Africa held its first free elections after the end of apartheid. The African National Congress (ANC) won overwhelmingly, and its leader, Nelson Mandela, began to knit the country back together as its new president. As post-apartheid...

Quality of TV programmes on the decline

Neil Ray | 2019-05-20 00:00:00

A complaint today is that local television channels - both government-controlled and private-are losing their appeal to viewers. Knowledgeable people complain that the quality of programmes has deteriorated so much that even the unenlightened viewers have turned away from local...

Is bifurcation of DWASA necessary?

Shamsul Huq Zahid | 2019-05-20 00:00:00

The proposal mooted by the Dhaka South City Corporation (DNCC) mayor to bifurcate all service agencies, including the Dhaka Water and Sewerage Authority (DWASA), deserves scrutiny by the policymakers. Such scrutiny seems necessary against the backdrop of the public outcry...

Democratic norms of Budget making

Muhammad Abdul Mazid | 2019-05-20 00:00:00

The will of the people should be reflected and respected in the budget making process, and budget allocation is the main area that needs to be addressed to respect that will. The voters must have an opportunity to express their...

July-March tax collection growth lowest in decade

Doulot Akter Mala | 2019-05-19 12:00:00

The overall tax collection fell short of the target by over half a trillion taka in the last three quarters of the current fiscal year.The total tax revenue collection, however, registered a 7.11 per cent growth during the July-March period...

MJL Bangladesh continues 'remarkable growth'

Mohammad Mufazzal | 2019-05-19 00:00:00

The earnings per share (EPS) of MJL Bangladesh has declined moderately for January-March, 2019 period compared to the corresponding period of the previous year due to currency 'devaluation' while importing raw materials.MJL Bangladesh, country's largest lubricant company displayed steady growths...

Tigers win first-ever ODI tournament -- a confidence booster ahead of World Cup

Maswood Alam Khan | 2019-05-19 00:00:00

Mosaddek's unbeaten 52 runs off 24 balls, which included five sixes and two amazing fours, and a cheery 41-ball 66 by Soumya have helped Banglasdesh to a five-wicket win over West Indies in the rain-marred final of the 2019 Ireland...

Formulating a global convention on building peace

Thalif Deen in Stockholm, Sweden | 2019-05-19 00:00:00

When the Stockholm International Peace Research Institute (SIPRI) concluded a three-day forum on "Peace and Development" on May 16, the primary focus was the daunting challenges threatening global security, including growing military interventions, spreading humanitarian emergencies, forced migration, increasing civil...

Govt sits with launch owners tomorrow

Talha Bin Habib | 2019-05-18 00:00:00

The government will sit in a meeting tomorrow (Sunday) to discuss the issue of hassle-free launch journey for home-bound people during Eid-ul-Fitr, officials said. To this end, Bangladesh Inland Water Transport Authority (BIWTA) will take all-out preparations for ensuring safe...

Stocks keep sliding as pessimism lingers

Babul Barman | 2019-05-18 00:00:00

Stocks continued its losing streak for the second consecutive week that ended on Thursday, reflecting a lack of investors' confidence in the likelihood of a turnaround.Of the five trading days in the outgoing week, the first four sessions closed lower...

Eid shopping gains momentum in port city

Nazimuddin Shyamol | 2019-05-18 00:00:00

CHATTOGRAM, May 17: Eid shopping has gained momentum as city dwellers in the port city Chattogram are visiting different shopping centers to buy their choice-able dresses for them ahead of the Eid-ul-Fitr, the biggest religious festival of the Muslim community.On...

Here is a story of a thief with a difference

Nilratan Halder | 2019-05-18 00:00:00

Stories about thieves are plenty and some are funny, a few are exemplary and others are heart-rending. The one highly laudatory relating to Haji Mohammad Mohsin and a thief is quite famous. It is so because of the power of...

A puzzle worth pondering

Abdul Bayes | 2019-05-18 00:00:00

Bangladesh continues to be a country of puzzles. The first puzzle comes from the economic growth and development attained during the last four decades or more, especially coming out of a war-ravaged situation and in the face of adverse resource...

Privatisation solution worse than problem

Jomo Kwame Sundaram in Kuala Lumpur, Malaysia | 2019-05-18 00:00:00

Privatisation has not provided the miracle cure for the problems (especially inefficiencies) associated with the public sector. The public interest has rarely been well served by private interests taking over from the public sector. Growing concern over the mixed consequences...

Ship-breaking poses threat to workers’ lives in Ctg

Nazimuddin Shyamol | 2019-05-17 00:00:00

CHATTOGRAM, May 16: Dismantling of old scrap ships is posing a serious threat to the environment and the lives of workers engaged in cutting ships at Sitakunda coastal area in Chattogram. Sources said the ship-breaking industry has been causing environmental...

BSEC moves to enforce minimum shareholding provision soon

Mohammad Mufazzal | 2019-05-17 00:00:00

The securities regulator has taken an initiative to strictly enforce a provision that requires the sponsor-directors of the listed companies to hold a certain amount of shares.The Bangladesh Securities and Exchange Commission (BSEC) will also incorporate some new conditions into...

Expansion of higher education in Asia

S. M. Rayhanul Islam | 2019-05-17 00:00:00

Since the 1980s, higher education and research have developed rapidly in Asia. This has been a logical consequence of booming economic growth in countries such as Malaysia, Singapore and South Korea. Regardless of whether their economic successes were built on...

Bumper Boro harvest and aftermath

Shamsul Huq Zahid | 2019-05-17 00:00:00

The government is relishing this year's bumper Boro rice harvest but not farmers. The latter are facing the perils of plenty---a notable drop in paddy prices.Farmers are deeply frustrated by the ruling market prices of paddy. In a rare show...

On the road to economic prosperity

Nilratan Halder | 2019-05-17 00:00:00

It was not long before that global financial institutes and analysts including the prestigious Economist Intelligence Unit used to consider Bangladesh's economic development quite an enigma. All because the country defied the well established economic theories and practices on its...

An industrial policy for good jobs

Dani Rodrik and Charles F. Sabel in Cambridge, Massachusetts, USA | 2019-05-17 00:00:00

In developed and developing countries alike, a combination of technological and economic forces has created a segment of advanced production, concentrated in metropolitan areas, that now co-exists with a mass of relatively less productive activities and communities. This productive dualism...

Commuters' woes worsen in city as Ramadan begins

Munima Sultana | 2019-05-16 00:00:00

Traffic congestions have increased in the city after the beginning of the holy month of Ramadan, causing immense sufferings to commuters. This year the construction of metro rail in the city has added to the usual rush ahead of the...

Cracks develop in 192km in two yrs

Munima Sultana | 2019-05-16 00:00:00

The country's prime Dhaka-Chattogram highway has turned bad cracks developed in almost 192 kilometres within two years into the completion of the four-lane work.The run-down road has thus prompted the authorities concerned to embark on a costly maintenance project.The Implementation,...