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What will succeed GDP?

Diane Coyle | 2019-02-21 00:00:00

Is the world becoming increasingly prosperous? It would be hard to answer "yes" right now, at least so far as the leading high-income economies are concerned. Yet the longstanding bellwether of economic progress - inflation-adjusted GDP - has been growing...

West Africa's democratic tipping point?

Olusegun Obasanjo, John Dramani Mahama, Ernest Bai Koroma, and Saulos Chilima | 2019-02-21 00:00:00

The decision to postpone Nigeria's presidential election, made just hours before polls were due to open, has raised fears about the integrity of the eventual vote. Those fears must not be realised - and not just for Nigeria's sake. Just...

BB, BPO spar over Nagad licensing

Rezaul Karim | 2019-02-20 12:00:00

Nagad, a new digital financial service of postal department, has got caught in a quandary regarding licensing from the central bank.Sources said complexities arose as to whether the Bangladesh Post Office (BPO) needs to seek a licence ahead of the...

Two banks back off from opening branches in KSA

Rezaul Karim | 2019-02-20 00:00:00

Country's two commercial banks have backtracked on their decision to open their branches in Kingdom of Saudi Arabia (KSA), officials said.Janata Bank and Standard Bank Ltd (SBL) were set to open their branches in KSA and the Bangladesh Bank (BB)...

Move to raise Tk 8.78t from bond mkt to propel economic growth

Siddique Islam | 2019-02-20 00:00:00

Coordinated efforts are on to raise Tk 8.78 trillion from the bond market for achieving 8.0 per cent plus economic growth by 2021, officials said.To this end, a tripartite committee has already been formed to boost the country's nascent bond...

South-South cooperation: Challenges & opportunities

Branislav Gosovic in Geneva | 2019-02-20 00:00:00

The BAPA+40 Zero Draft Outcome Document-to be adopted at the upcoming conference on the Buenos Aires Plan of Action (BAPA+40) in Argentina on March 20-22- is much like a conference report intended to accommodate different points of view.It is neither...

Move underway to connect two metro rails

Munima Sultana | 2019-02-19 00:00:00

A move has been taken to connect the city's two metro rails in a bid to build a circular route by joining missing links from both sides of mass rapid transit lines. Sources said Dhaka Mass Transit Company (DMTC) has...

Pursue free trade deals to offset loss of benefits: PC

Syful Islam | 2019-02-19 00:00:00

The Planning Commission (PC) foresees tough days for Bangladesh's economy after the nation graduates from the least developed country (LDC) status by 2024.Still, the Commission said the economy could thrive, helped by various international support measures offered by developed countries...

International aid feeds hope and fuels confrontation in Venezuela

Humberto Márquez in Caracas, Venezuela | 2019-02-19 00:00:00

The international food and medical aid awaiting entry into Venezuela from neighbouring Colombia, Brazil and Curacao is at the crux of the struggle for power between President Nicolás Maduro and opposition leader Juan Guaidó, recognised as "legitimate president" by 50...

Munich security conference: US goes it alone

Kamal Uddin Ahmed | 2019-02-19 00:00:00

Security is a fundamental human concern. The Munich Security Conference (MSC) has been, since 1963, the premium global forum for deliberating international security policy issues. Apparently the core purpose of the MSC is to build trust and create hope by...

Fourth-phase eviction drive starts today

Talha Bin Habib | 2019-02-18 00:00:00

Bangladesh Inland Water Transport Authority (BIWTA) will resume its eviction drive from today (Monday) against encroachment of the River Buriganga, said its top official on Sunday."We will re-launch our eviction drive against encroachment of the River Buriganga from Monday," BIWTA...

New rules define working areas of investigators

Doulot Akter Mala | 2019-02-18 00:00:00

The Ministry of Finance (MoF) has issued the long-awaited rules of the Money Laundering Prevention Act 2012 by defining working areas of the investigators.Six government entities empowered to probe corruption have got the authority to submit charge sheets to a...

BB approves three more private banks

Siddique Islam | 2019-02-18 00:00:00

The central bank has decided in principle to approve three more private commercial banks (PCBs), attaching a condition of Tk 5.0-billion set as paid-up capital instead of the existing Tk 4.0 billion.The decision was made at a meeting of the...

MBL businesses to grow more, two new subsidiaries in the offing

Special Correspondent | 2019-02-18 00:00:00

Mercantile Bank Ltd (MBL) during the last three years witnessed a solid growth in all parameters of businesses due to concerted efforts, performed by a team of committed and dedicated professionals.MBL is now in the process of establishing 2 new...

Tapping the potential of BCIM-EC

Sultana Yesmin | 2019-02-18 00:00:00

The Bangladesh-China-India-Myanmar economic corridor (BCIM-EC) is a sub-regional initiative, earlier known as "Kunming Initiative", or BCIM Regional Economic Cooperation, was established in August 1999 in Kunming, capital of China's south-western Yunnan Province by the leaders of China, India, Bangladesh and...

Fire at hospital

Neil Ray | 2019-02-18 00:00:00

Hospital is where patients seek cure for physical and mental suffering. Its emergency wards are supposed to attend patients immediately on patients' arrival in order to help them overcome a critical phase. But when a hospital finds itself in an...

Proposed tariff hike and gas pilferage

Shamsul Huq Zahid | 2019-02-18 00:00:00

Gas distribution companies could not wait any longer. In less than a month from the polls day (December 29, 2018) they submitted fresh proposals to the Bangladesh Energy Regulatory Commission (BERC) for raising gas tariff for all section of consumers....

BIDA for reform of 'fiscal depreciation' provision in tax law

Doulot Akter Mala | 2019-02-17 00:00:00

The Bangladesh Investment Development Authority (BIDA) has recently suggested updating of the fiscal depreciation, as mentioned in the third schedule of the income tax ordinance.During a meeting with the officials of the National Board of Revenue (NBR) and other stakeholders...

Skywalk: A smart solution for pedestrians in Dhaka

Khairul Enam, Sk Md Rezwan and Altap Hossen | 2019-02-17 00:00:00

Dhaka, one of the most densely populated megacities in the world, has become the second least livable city according to the Global Livability Index 2018 report prepared by the Economic Intelligent Unit (EIU) of the Economist. It has surpassed the...

Midas touch with a difference

Nilratan Halder | 2019-02-16 12:00:00

Forty years are a long time for an organisation, particularly when it propagates habits, spirits and values contrary to the popular trend. On this score, Bishwo Shahitto Kendro and its creator prof. Abdullah Abu Sayeed have achieved success of an...

BIWTA chairman gets transfer order

Ismail Hossain | 2019-02-16 00:00:00

Commodore Mohammad Mozammel Haque, was withdrawn from the post of chairman of the Bangladesh Inland Water Transport Authority (BIWTA) Thursday and was sent back to the Bangladesh Navy.The transfer of Cdr Haque, who was officiating as the chairman of the...

Major sectors lead stocks lower

Babul Barman | 2019-02-16 00:00:00

Stocks continued to decline, extending their losing streak for a third straight week that ended on Thursday, as investors keep selling shares of major sectors.The week featured five trading days as usual. The market closed lower in the first three...

Libraries are struggling

Asjadul Kibria | 2019-02-16 00:00:00

Use of libraries across the country is gradually turning more and more limited. This is sad. A good number of public libraries are not seeing enthusiastic readers and visitors. Borrowings of books from many libraries have already declined. Even some...

Ensuring quality and equitable education

Abdul Bayes | 2019-02-16 00:00:00

After an exciting and exhilarating performances in the Millennium Development Goals (MDG), that was widely acclaimed across the globe, Bangladesh embarked on embracing the Sustainable Development Goals (SDGs) , also called 2030 Global Development Agenda. The start of the SDGs...

Climate change: How devastating is it for world peace & security?

Thalif Deen in UN Headquarters, New York | 2019-02-16 00:00:00

When the Security Council, the most powerful body at the United Nations, met last month to discuss the growing new threats to world peace and security, the discussion veered away from international terrorism, nuclear Armageddon and the rash of ongoing...

Corruption: Causes and its consequences for the economy

Muhammad Abdul Mazid | 2019-02-16 00:00:00

Corruption has been around the globe for a very long time and it will be around in the future unless governments and organisations can figure out effec-tive ways to combat it. Although studying the causes and consequences of corruption has...

Mooting the idea of welfare business

Abdus Salam | 2019-02-16 00:00:00

There are thousands of people who would like to do business in the society but they can't do it due to a shortage of capital. Besides, some have started co-operative and partnership business but cannot achieve success due to corruption....

Prospect of SME banking in Bangladesh

Muhammed Zahirul Alam | 2019-02-16 00:00:00

The small and medium enterprise (SME) loan means financing provided by financial institutions in small and medium industries. Financial institutions provide loans to small and medium industries for arrangement of working capital, business expansion and capital machinery procurement. In order...

Taka weakens further against dollar

Siddique Islam | 2019-02-15 00:00:00

The Bangladesh Taka (BDT) weakened further against the US dollar on Thursday mainly due to higher demand for the greenback needed to defray import costs.The local currency depreciated by seven poisha in the country's inter-bank foreign exchange (forex) market in...

RHD faces shortage of 'qualified' contractors

Munima Sultana | 2019-02-15 00:00:00

Roads and Highways Department (RHD) has been facing a severe shortage of 'qualified' contractors in comparison with its projects for developing road infrastructure and procuring equipment, sources said.As a result, they said, the department has awarded more works than the...