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Five ways to balance profit with purpose

Noel Quinn | 2019-01-31 00:00:00

Influencers of many kinds gathered in Davos again recently to discuss the problems our world faces. More than ever, they looked to business to come up with solutions. Several world leaders dropped out of 2019's World Economic Forum, but this...

GDP growth: Role of human capital-augmented labour and agri productivity

Tahmina Sultana and Md Moniruzzaman | 2019-01-31 00:00:00

Bangladesh is a large deltaic country where agriculture remains a very important sector of its economy. Currently the share of agriculture in gross domestic product (GDP) is only 13 per cent whereas it was 60 per cent in 1972 (just...

Back to the future: Vietnam now and then

Jan Lundius in Stockholm/Rome | 2019-01-30 12:00:00

In 1989 I watched Back to the Future, Part II by Robert Zemickis, a complicated story about a youngster who from 1985 time travelled to 2015. Within the movie I spotted a poster from the imaginary 2015: US AIR Surf...

NBR to keep common register on anomalies

Doulot Akter Mala | 2019-01-30 00:00:00

The customs authority has taken a move to maintain a common register on detected anomalies to sort out risk factors of import and export products.Central Risk Management Unit (CRMU) of the National Board of Revenue (NBR) instructed all the customs...

BB unveils H2 MPS today

Siddique Islam | 2019-01-30 00:00:00

The central bank is set to unveil its second half-yearly (H2) monetary policy statement (MPS) today (Wednesday) with a likely goal of achieving sustainable economic growth, putting a curb on inflation.Bangladesh Bank (BB) Governor Fazle Kabir will announce the MPS...

Perspective Plan: Public investment shows progress, private investment lukewarm

Shamsul Alam | 2019-01-30 00:00:00

In 2009, the Awami League government led by Prime Minister Sheikh Hasina came to power with an overwhelming majority. The new government recognised that this major mandate from the people has provided them with a unique opportunity to make a...

Role of relationship manager

Mohammad Rafiqul Islam | 2019-01-30 00:00:00

An extensive debate has been continuing for quite some time over the roles of relationship managers in different industries of the fiercely competitive markets across the globe. While some claim that the title is simply a marketer of services and...

Making the labour policy effective

Asjadul Kibria | 2019-01-30 00:00:00

Recent labour unrest in the country's readymade garment (RMG) factories over the issue of minimum wage exposes the flawed wage structure practised in the industry. But RMG sector cannot be singled out as workers in some other sectors are also...

Core inflation up 1.0pc in 2018

Siddique Islam | 2019-01-29 00:00:00

The country's core inflation rose by more than 1.0 percentage point last year, posing a challenge for the next monetary policy of the central bank, officials said.The core inflation expanded to 4.65 per cent on annual average basis in December...

$5.9b flows out from BD in 2015: GFI

Asjadul Kibria | 2019-01-29 00:00:00

At least US$ 5.90 billion flew out from Bangladesh illicitly in 2015 through misinvoicing in international trade with the advanced economies. The amount is closer to around two months' merchandise export of the country. Washington-based Global Financial Integrity (GFI), in...

Banking: Formulating long-term digital strategies

Masihul Huq Chowdhury | 2019-01-29 00:00:00

The roots of digital banking can be traced back to the advent of ATMs and cards launched around the 1970s in the West. Soon broadband and digital networks began to connect retailers with suppliers and consumers nurturing needs for early...

AI in banking: Not just hype but reality

Nazmul H Azad Mishu | 2019-01-29 00:00:00

Although banks and financial institutions are the late embracers of Artificial Intelligence (AI), the banking industry has seen a massive change in the past decade due to the revolutions of AI. Banks are axing the number of physical branches while...

World Economic Forum summit stresses global cooperation

Kamal Uddin Ahmed | 2019-01-28 00:00:00

The World Economic Forum's (WEF) four-day annual summit took place in Davos, Switzerland during 22- 25 January 2019 to address the major global issues and suggest solutions. Apparently keen to "improving the state of the world by engaging business, political,...

Nightmarish dust

Neil Ray | 2019-01-28 00:00:00

Dust thou art, to dust returnest Thus Henry Wadsworth Longfellow writes of the human body in his seminal poem, A Psalm of Life. However, the poem at no point deals with frustration or pessimism. In the following line, Not spoken...

Deaths on roads, highways

Shamsul Huq Zahid | 2019-01-28 00:00:00

The statistics, presented by the Jatri Kallyan Samity, a passengers' welfare body late last week, are quite disturbing given the country's total number of registered motor vehicles and the length of roads and highways. According to the statistics compiled by...

Far East Knitting posts steady growth in turnover

Mohammad Mufazzal | 2019-01-27 12:00:00

Far East Knitting & Dyeing Industries (FEKDI) has posted a steady growth in turnover values in last five fiscal years (FYs) following the company's increased production capacity.But a mixed trend was observed in net profit during the period due to...

Trump's North Korean road to nowhere

Kent Harrington and John Walcott in Atlanta, USA | 2019-01-27 00:00:00

When US President Donald Trump meets again with North Korean leader Kim Jong-un next month, he will be staging the second act in a comedy of manners that now passes for US foreign policy on the Korean Peninsula. Between Kim's...

The imperative of offshore oil and gas exploration

Rezaul Kabir | 2019-01-27 00:00:00

Energy drives the engine for economic development of a country. Domestically sourced energy reduces the dependence on very costly energy import draining the foreign currency reserve. This is specially true for Bangladesh spending a big portion of the national budget...

Preventing further slowdowns: Addressing income inequality

Sarwar Md. Saifullah Khaled | 2019-01-27 00:00:00

On January 21, 2019, the International Monetary Fund (IMF) adjusted its world economic growth forecasts for the year 2019 and 2020 as they detected weakness in economies of Europe and some emerging countries across the globe. The IMF said that...

The evergreen princess of Bangla filmdom

Helal Uddin Ahmed | 2019-01-26 12:00:00

January 17 was her fifth death anniversary. It passed away almost unnoticed in Bangladesh. But in the minds of three generations of Bangladeshi cine-goers who had watched Bangla films since the 1950s, her memory can never fade away. To them,...

Grading eateries: A decisive step towards ensuring food safety

Nilratan Halder | 2019-01-26 12:00:00

There are complaints galore all around against eateries -be those street facilities or the ones presenting a digitally astounding look. Here is a capital that has to its credit the most infamous reputation of serving meat of dead chicken and...

BB to suggest amending three acts, regulations

Siddique Islam | 2019-01-26 00:00:00

The Bangladesh Bank (BB) has decided to submit a set of recommendations to the Ministry of Finance (MoF) for amending three relevant laws and regulations to help reduce the volume of classified loans in the country's banking system.The BB will...

Plan underway to open more exchange houses abroad

Rezaul Karim | 2019-01-26 00:00:00

The government plans to set up branches/exchange houses of scheduled banks soon in some countries having potential sources of remittances.The objective of the move is to help the Bangladeshi migrants send their hard-earned foreign currencies smoothly."France, Greece, Mauritius, Egypt, Libya...

Stocks bouncing higher on positive sentiment

Babul Barman | 2019-01-26 00:00:00

Stocks extended their winning streak for the sixth straight week that ended on Thursday, as investors increased their appetite for large-cap shares.Stocks continued its post-election rally amid spontaneous participation by enthusiastic investors, taking the core index above 5900-mark last week...

Prudent use of photo ID is necessary

Asjadul Kibria | 2019-01-26 00:00:00

Over the years, uses of National Identity (NID) card have increased significantly in case of availing different services and completing financial transactions in the country. At the same time, some undue irritants are also there mainly due to lack of...

Behind adoption of agro-technology

Abdul Bayes | 2019-01-26 00:00:00

Quite obviously, the advent of a modern technology, say in agriculture, tends to attract large and medium farms first, and the reasons are not far to seek. They have the capacity to take risk, sufficient capital to cope with financial...

The three revolutions economics needs

Edmund S. Phelps in Paris | 2019-01-26 00:00:00

The West is in crisis - and so is economics. Rates of return on investment are meagre. Wages - and incomes generally - are stagnating for most people. Job satisfaction is down, especially among the young, and more working-age people...

Blessings for humanity

Syed Badrul Haque | 2019-01-26 00:00:00

I deem it a privilege to review the book, "Quran, Plain Meaning of the Major Topics" authored by Salahuddin Ahmed, a retired law academic from the University of New South Wales, Australia. The writer is a noted scholar on Quranic...

Delving deep into BD oils and fats market

AKM Fakhrul Alam | 2019-01-26 00:00:00

Bangladesh is a country of 165 million people and consumes about 3.0 million tonnes of oils and fats as per statistics of 2018. Due to insufficient indigenous production, almost 90 per cent of these annual requirements of oils and fats...

Job creation is H2 MPS’ top priority

Siddique Islam | 2019-01-25 00:00:00

The central bank is set to unveil its second half-yearly (H2) monetary policy on Wednesday at 11:30 am, giving top priority to job creation through boosting credit flow to the productive sectors.Bangladesh Bank (BB) Governor Fazle Kabir will announce the...