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ACC and errant doctors

Shamsul Huq Zahid | 2019-01-25 00:00:00

What the Anti-corruption Commission (ACC) has found about the doctors skipping their duties at the public health facilities is nothing revealing about the latter except for those serving in hospitals located in Dhaka city. The ACC's 'enforcement' teams while making...

When physicians do disservice to their profession

Nilratan Halder | 2019-01-25 00:00:00

That physicians of hospitals and clinics situated in outlying upazilas stay away most of the time is widely known. But they also play truant from government health facilities in the capital and district-level ones is hardly common knowledge. A drive...

A shutdown and showdown

Abdur Rahman Chowdhury from Falls Church, Virginia, USA | 2019-01-25 00:00:00

The President of the United States and the Congress are deadlocked on the border security. President Trump firmly believes building a concrete wall along the southern border would ensure border security by preventing the influx of economic migrants from entering...

Tk 9.0b disbursed under capital market refinancing scheme

Mohammad Mufazzal | 2019-01-24 00:00:00

The disbursement of Tk 9.0 billion has finally been completed under the capital market refinancing scheme initiated after 2010-11 stock market debacle to reduce sufferings of 'affected' investors.In August 2013, the state-run Investment Corporation of Bangladesh (ICB) received Tk 3.0...

Session on navigating your business

Salsabeel Maryam Khan | 2019-01-24 00:00:00

Communal space in Bangladesh has been an integral element in catalysing collaboration and learning. When diverse minds, irrespective of background and identity, have a space to come together, they explore the right questions, seed new ideas and widen perspectives. Moreover,...

Why Trump's border wall would backfire on him

Lincoln Mitchell | 2019-01-24 00:00:00

The stalemate between Donald Trump and congressional Democrats over funding for the border wall has been politically damaging for the president. Most Americans blame him for the longest government shutdown in history. Plus he has been put in a difficult...

Never been a worse time to be a journalist

Ed Holt in Bratislava, Slovakia | 2019-01-24 00:00:00

"I've never known a time when it was as bad as it is now," says Beata Balogova, the Vice-Chair of the International Press Institute (IPI) and Editor in Chief of the Slovak Spectator Sme. "In terms of what's going on...

Forensic accounting: A method for timely flag raising

Mohobbot Ali and Sanjida Ahmed | 2019-01-24 00:00:00

Financial crime is not a new phenomenon in the corporate world of Bangladesh. According to a report of the Centre for Policy Dialogue (CPD), scams in 14 banks cost Tk.225.02 billion in the past decade, which is about four-fifths the...

Allowances of SoEs’ staff won’t get tax exemption

Doulot Akter Mala | 2019-01-23 00:00:00

Different types of allowances drawn by the employees of state-owned enterprises (SoEs), corporations, semi-government and autonomous bodies will be subject to tax payment, said the National Board of Revenue (NBR) in a clarification.It said different types of allowances given to...

Rohingya repatriation: Building up pressure on Myanmar

Sarwar Md. Saifullah Khaled | 2019-01-23 00:00:00

International media outlets have reported last month and this month that incidents of armed conflict between 'Arakan Army' and Myanmar Army have become more frequent in the Rakhine state of Myanmar. This new development is likely to cloud the repatriation...

NBR issues guideline for customs houses

Doulot Akter Mala | 2019-01-22 00:00:00

The National Board of Revenue (NBR), for the first time, has issued a guideline on auction and destruction of confiscated goods by the customs houses.Unreleased or smuggled goods will be auctioned and demolished by the customs houses in accordance with...

BD FDI flow up despite global decline in 2018

Asjadul Kibria | 2019-01-22 00:00:00

The flow of foreign direct investment (FDI) into the country recorded substantial rise in 2018 with China becoming the top contributor. The development came in contrast to the decline in global inflow of FDI last year, according a report of...

BB steps up monitoring as farm loan disbursement falls by 5.0pc

Siddique Islam | 2019-01-22 00:00:00

The central bank has strengthened monitoring and supervision as the first half (H1) of this fiscal year (FY) has witnessed a fall in the disbursement of agriculture loans by nearly 5.0 per cent, officials said.As per its latest move, the...

Quenching humanity's freshwater thirst creates a salty threat

Edward Jones, Manzoor Qadir and Vladimir Smakhtin in Hamilton, Canada | 2019-01-22 00:00:00

Starting from a few, mostly Middle Eastern facilities in the 1960s, today almost 16,000 desalination plants are in operation in 177 countries, producing 95 million cubic meters of freshwater every day - equal to about half the flow over Niagara...

The world economy goes Hollywood

Anatole Kaletsky in London | 2019-01-22 00:00:00

If there is one useful conclusion that economists and investors can draw from the crazy year that has just ended - indeed, from the whole crazy decade since the Global Financial Crisis of 2008 - it is this: As they...

BD expats suffer for inadequate remittance points abroad

Rezaul Karim | 2019-01-21 00:00:00

Bangladeshi overseas workers have been suffering a serious setback when remitting their hard-earned money due to inadequate number of agent points in their destination countries.Saudi Arabia, the United Kingdom, the United States, Malaysia and the United Arab Emirates are the...

Govt cuts tax, duty on ATM, CCTV parts

Doulot Akter Mala | 2019-01-21 00:00:00

The government has offered tax and duty benefits on import of various parts for producing and assembling ATM machine and CCTV camera in the Hi-tech Park at Kaliakoir in Gazipur.Customs Duties (CD) on import of parts have been reduced to...

Household debt makes up half of non-banks' total portfolio

Siddique Islam | 2019-01-21 00:00:00

Non-banking players' household debt, including mortgage loans, accounts for half of the total loan portfolio, which somehow makes the sector vulnerable to shocks, an official report has said. The non-bank depository corporations (NBDCs), known as non-banking financial institutions, Ansar-VDP Unnayan...

For the love of migratory birds

Neil Ray | 2019-01-21 00:00:00

Admittedly, a larger number of people are sensitised -and that too to a far greater extent -- than before about the hunting of guest birds. Yet there are bird catchers and sellers who give a damn to the law against...

Ride-sharing bikes: A mixed blessing

Shamsul Huq Zahid | 2019-01-21 00:00:00

Commuters in Dhaka city must have noticed the change in mood and approach of the auto-rickshaw drivers in recent days. They are now not as arrogant as they used to be before. These days, they usually offer two options before...

NBR gets down to work on tax rate rationalisation

Doulot Akter Mala | 2019-01-20 00:00:00

The National Board of Revenue (NBR) has initiated the process of rationalising the tax rates after being directed by new finance minister AHM Mustafa Kamal.Officials said the existing tax rates for corporate and individual taxpayers will be reviewed, looking at...

AMCL (Pran) sees steady growth

Mohammad Mufazzal | 2019-01-20 00:00:00

Agricultural Marketing Company Ltd. (Pran) posted a steady growth in revenue earnings in last five fiscal years (FYs).To keep the revenue growth stable, the company always laid importance on a 'strong' distribution network and 'effective' marketing promotions.The company's revenue was...

Global taxation for the digital age

Gillian Tans in Amsterdam | 2019-01-20 00:00:00

The question of how to tax increasingly globalised and digitised businesses is vital to the future health of cross-border trade and investment. Sadly, the current debate is mired in confusion and complexity, and is not helped by populist political responses...

Ensuring sustainability of life on land - preserving Sundarbans

Muhammad Abdul Mazid | 2019-01-20 00:00:00

In September 2015, the United Nations General Assembly adopted the 2030 Agenda for Sustainable Development. This includes 17 Sustainable Development Goals (SDGs) which are the blueprint for achieving a better and more sustainable future for all. The goals interconnect and...

Davos, inequality & the climate emergency

Daniel Mittler in Berlin | 2019-01-20 00:00:00

Four of the top five most impactful threats in this year's World Economic Forum´s Global Risks report are related to climate change. The report warns that we are "sleepwalking to disaster". But that is not true.The disaster is already here,...

Bullish streak slows amid profit booking

Babul Barman | 2019-01-19 12:00:00

Stocks posted a marginal gain last week that ended on Thursday, as investors took to profit booking following a sharp rise in the prime index.Market analysts said the bullish momentum has slowed to some extent after the index jumped more...

Social insurance for RMG workers

Asjadul Kibria | 2019-01-19 12:00:00

The latest protest by the country's ready-made garment (RMG) workers over the revised wage structure reflects a flawed revision in the name of wage hike. The flaws in the wage structure are recognised by the government and it has decided...

MoL to remove inefficient officials from land offices

Talha Bin Habib | 2019-01-19 00:00:00

The Ministry of Land (MoL) will remove inefficient officials and replace them with efficient ones for providing optimum services to the people. The main objective of the ministry's move is to ensure hassle-free services to the people through purging the...

Fall in remittance from Italy likely this year

Rezaul Karim | 2019-01-19 00:00:00

Remittance inflow may see a significant fall this calendar year for taxing expats' cash transfer by Italy, a major source of remittance earnings for Bangladesh.Bangladeshi migrants send home $550-670 million every fiscal year from the European country, officials said.The country...

Calculus of cost and returns in Agriculture

Abdul Bayes | 2019-01-19 00:00:00

Farmers all over the world, like people in any other vocation, are concerned with maximising profits and minimising costs. There is a general allegation that farmers in Bangladesh, especially rice farmers, are deprived of due prices for their produce in...