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Justice delivery system for children in conflict with the law

S. M. Rayhanul Islam | 2019-04-26 00:00:00

The recognition that 'children have rights' is comparatively a very recent concept. Most of the ancient civilisations did not recognise that children have rights. Children were seen as property of their parents and were subjected to various forms of torture...

Privatisation, collusion and corruption

Jomo Kwame Sundaram in Kuala Lumpur, Malaysia | 2019-04-26 00:00:00

At the risk of reiterating what should be obvious, the question of private or public ownership is distinct from the issue of competition or market forces. Despite the misleading claim that privatisation promotes competition, it is competition policy, not privatisation,...

BB plans forming CMC for banks’ liquidity demand

Siddique Islam | 2019-04-25 00:00:00

The Bangladesh Bank (BB) is planning to set up a Cash Management Cell (CMC) under its Debt Management Department (DMD) to meet instant liquidity requirement of banks, officials said.The issue was discussed at a review meeting with the primary dealer...

Padma Bridge work unlikely to meet Dec ‘19 deadline

Munima Sultana | 2019-04-25 00:00:00

The much-vaunted Padma Bridge project is once again fated to miss its construction deadline.The Chinese firm, China Major Bridge Engineering (CMBE), was given until December 2019 to complete the work on the 6.15-kilometre road-cum-rail bridge over the river Padma.Sources said...

New Zealand, France plan bid to tackle extremism on social media

Praveen Menon in Wellington, New Zealand | 2019-04-25 00:00:00

In the wake of the Christchurch attack, New Zealand said on Wednesday that it would work with France in an effort to stop social media from being used to promote terrorism and violent extremism.Prime Minister Jacinda Ardern said in a...

Mathematics education: Where we are going wrong?

Muhammad Rakibul Islam from Massachusetts, USA | 2019-04-25 00:00:00

Numbers surround the world. We might not notice it spontaneously, but the patterns emerging every day in our lives are constantly telling us stories about the universe. To understand these patterns, we need to develop complex algorithms that help us...

Monitoring and evaluation of SEZs in Bangladesh

K A S Murshid, Sarah Hager and Marianne Männlein | 2019-04-24 12:00:00

The Bangladesh Special Economic Zone (SEZ) demonstrates interesting characteristics including the diversity of ownership structures and target sales markets which create significant opportunities for experimentation both in policy and in implementation. For these reasons, Bangladeshi SEZs may be of substantial...

BB raises NBFIs’ limit on borrowing

Siddique Islam | 2019-04-24 00:00:00

Country's non-banking financial institutions (NBFIs) will be allowed to borrow from the inter-bank call money market maximum 40 per cent instead of 30 per cent of their equities.The decision was taken at a meeting with the chief executive officers (CEOs)...

Net metering adds 4.25MW solar power to national grid

Syful Islam | 2019-04-24 00:00:00

The solar power generation under the net metering system reached nearly 4.25 megawatt (MW) in February last, officials said.They said some 179 producers were generating the electricity in their building rooftops and supplying to the national electricity grid.Under the net...

ICB seeks Tk 9.0b under refinancing scheme

Mohammad Mufazzal | 2019-04-24 00:00:00

The state-run Investment Corporation of Bangladesh (ICB) has sought the fund of Tk 9.0 billion which was earlier disbursed under the refinancing scheme of the capital market.The corporation has sought the fund to provide 'instant' support to the capital market...

The spectre of Japanification looms over the West

Mohamed A. El-Erian in New York | 2019-04-24 00:00:00

Not too long ago, the conventional wisdom held that "Japanification" could never happen in Western economies. Leading US economists argued that if the combined threat of weak growth, disinflation, and perpetually low interest rates ever materialised, policymakers would have the...

Towards a carbon tax for Bangladesh

Sadiq Ahmed and Bazlul Huq Khondker | 2019-04-24 00:00:00

Bangladesh is a strong actor in the effort to reduce global carbon emission. This is appropriate as it faces a major burden from global climate change. Although per capita carbon emission is low, total carbon emission in Bangladesh is growing....

Satisfying the demand for higher education

Sarwar Md Saifullah Khaled | 2019-04-24 00:00:00

Governments across the world are struggling to keep pace with the rapidly rising demand for higher education as many families cannot afford it. Recently, the Paris-based United Nations Educational, Scientific and Cultural Organisation (UNESCO) reported that the number of university...

Five hindrances to free trade agreements

Asjadul Kibria | 2019-04-24 00:00:00

As Bangladesh is set to graduate from Least Developed Country (LDC) status by 2024, a number of challenges and difficulties loom large on the horizon. A big blow may come from the erosion or elimination of preferential market access to...

BIDA for ensuring uniform rules for all MFS providers

Rezaul Karim | 2019-04-23 00:00:00

The Bangladesh Investment Development Authority (BIDA) has suggested the central bank to take necessary steps to bring down the daily transaction limit of 'Nagad', making it equivalent to that of other mobile financial services, sources said.'Nagad' is a mobile financial...

PPA signs deal with Korean firms today to build terminal

Talha Bin Habib | 2019-04-23 00:00:00

The Payra Port Authority (PPA) signs an agreement with a joint venture of South Korean firms today (Tuesday) for building terminal and other facilities at the Payra Port, official said.The Korean firms are Kunhwa Engineering and Consulting Company Limited, Daeyoung...

French cos show interest in taking part in Bangladesh’s initiative

Meer Saiful Islam, back from Toulouse, France | 2019-04-23 00:00:00

French companies have expressed their interest to take part in Bangladesh's efforts to develop its fisheries management and blue economy, and to combat illegal fishing within the country's maritime boundary. A French company, Collecte Localisation Satellites (CLS), a global leader...

Earth Day: Protect our species

Md Touhidul Alam Khan | 2019-04-23 00:00:00

Every year we observe Earth Day on April 22. The day is observed worldwide to support protection of the environment. Earth day was introduced by United States Senator Gaylord Nelson on April 22, 1970 to focus on issues related to...

Price hike well before Ramadan

Neil Ray | 2019-04-23 00:00:00

Every year before the holy month of Ramadan, consumers are assured of steps to contain rising prices of essentials. Both the business circle and the commerce ministry express the resolve to maintain stability between the demand and the supply in...

The inconvenient truth of climate change action

Sunita Narain in New Delhi | 2019-04-23 00:00:00

Our acceptance of climate change doesn't keep pace with our energy consumption reduction. However, the latest International Energy Agency's (IEA'S) Global Energy and CO2 Status Report for 2018 has some good news.It offers, where possible, answers lie in our quest...

Marginal taxpayers to get refund within seven days

Doulot Akter Mala | 2019-04-21 00:00:00

Marginal taxpayers will get a tax refund of up to Tk 25,000 paid in excess of the payable amount from the taxmen within seven days after submission of their application.In a recent order, the National Board of Revenue (NBR) sent...

FRC finds anomalies in companies’ financials

Mohammad Mufazzal | 2019-04-21 00:00:00

The Financial Reporting Council (FRC) has asked all listed companies and respective auditors to prepare 'accurate' and 'truthful' financial statements.The instruction followed some inconsistencies detected in the financial statements of at least 20 companies. The statements, allegedly, have been prepared...

Energy security: Internal dimensions

Shafiqul Alam | 2019-04-21 00:00:00

Energy security, as defined by the International Energy Agency (IEA) as uninterrupted supply of energy at reasonable prices, has both external and internal factors. It can be ensured through local adequacy, i.e., abundant and varied forms of indigenous energy resources...

Stocks keep losing for 12 straight weeks

Babul Barman | 2019-04-20 00:00:00

Stocks extended their losing streak for the 12 straight weeks that ended on Thursday as investors continued their selling binge to avoid further loss amid ongoing gloomy market.Market analysts cited some reasons including presence of a strong placement market, dearth...

BD to seek Bruneian investment

Talha Bin Habib | 2019-04-20 00:00:00

Bangladesh will seek investment from Brunei in different potential sectors during Prime Minister Sheikh Hasina's visit starting tomorrow.Commerce secretary Md Mofizul Islam, who is accompanying the premier on her trip to the small south-east Asian country, made the disclosure.Hasina along...

Dhaka-Thimphu relations to deepen further

Kamal Uddin Ahmed | 2019-04-20 00:00:00

Periodic exchange of diplomatic visits and political dialogue at the highest level remains an effective instrument in promoting productive relations between modern states. Recognising this course of action, the King of Bhutan Jigme Khesar Namgyel Wangchuck visited Bangladesh in 2011...

Addressing problem of car parking

Asjadul Kibria | 2019-04-20 00:00:00

Parking the motorised vehicles, especially private cars, in Dhaka poses a serious challenge. Designated public parking places in Dhaka are very inadequate. While the number of private cars is rising every day, space for parking actually gets reduced. It is...

Energy sector: cheers and challenges

Abdul Bayes | 2019-04-20 00:00:00

Bangladesh is moving towards bringing in all households under electricity coverage. It is hoped that the target would reach well ahead of time, slated for 2025 at the latest, as a little over four-fifths of households had already accessed electricity...

World Bank dispossessing rural poor

Jomo Kwame Sundaram in Kuala Lumpur and Anis Chowdhury in Sydney | 2019-04-20 00:00:00

The World Bank's Enabling the Business of Agriculture (EBA) project, launched in 2013, has sought agricultural reforms favouring the corporate sector. EBA was initially established to support the New Alliance for Food Security and Nutrition, initiated by the G8 to...

Buy one, get one free

Nilratan Halder | 2019-04-20 00:00:00

The catchwords, 'Buy one, get one free' are sweeping the entire length and breadth of this land. This is, however, not the only temptation that companies and trading houses use to snare customers. Some would offer a mug, a glass...