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BB seeks info on banks’ overdue import bills

Siddique Islam | 2019-01-09 00:00:00

The central bank has sought information on overdue import bills up to December 31, 2018 from the commercial banks by January 13, as the amount of such bills stood at around US$ 600 million."We've sent letters to all foreign exchange...

Policy on protecting farmers' interests

Sarwar Md. Saifullah Khaled | 2019-01-09 00:00:00

With the aim of shielding the country's farmers from high-cost agricultural loans disbursed by microfinance institutions (MFIs), the Bangladesh central bank has taken an initiative to chalk out a policy. The Bangladesh Bank (BB), as part of the move, plans...

AI for human development

Michael Chui and Martin Harrysson in San Francisco | 2019-01-09 00:00:00

The excitement surrounding artificial intelligence (AI) nowadays reflects not only how AI applications could transform businesses and economies, but also the hope that they can address challenges like cancer and climate change. The idea that AI could revolutionise human wellbeing...

Credit bureaus and registries for financial sector development

Usman Khalid and Muhammad Shafiullah | 2019-01-09 00:00:00

Financial sector development is one of the key drivers of economic growth. It can improve access to finance for consumers and firms alike while also facilitating the inclusion of the informal sector in the formal economy. However, to have a...

BD struggling to penetrate into Chinese drug market

Ismail Hossain | 2019-01-08 00:00:00

Bangladesh has failed to take advantage of China's removal of tariffs on 28 categories of imported drugs including all cancer medicines, although the country is doing well in terms of exports of pharmaceutical products.Industry insiders said it is not an...

The case for good customer service

Syed Saad Andaleeb | 2019-01-08 00:00:00

Service experiences in the developing world can be frustrating. The culture of service is often not understood and, therefore, routinely ignored. While educating service providers is important, policy is needed to open up more service alternatives and establish a legal...

Economic governance in Bangladesh: Challenges to reform

Shamsul Alam | 2019-01-07 12:00:00

Bangladesh's macroeconomic management has usually focused on the following goals which are quite similar to what was laid out in the Maastricht Criteria: (i) low and stable inflation (Bangladesh's monetary policy inflation target has been above global average but consistent...

Kitchen market monitoring hits a snag in capital

Rezaul Karim | 2019-01-07 00:00:00

The kitchen market monitoring activities are seriously being hampered as required number of law enforcers are not available for conducting drives against irregularities committed by traders, officials said. The officials and market analysts blame it on the lack of coordination...

2019 will be the year of more state control

John Lloyd | 2019-01-07 00:00:00

The world's two most populous states, China and India - together, around 37 per cent of the global population - have rolled out nationwide digital systems of monitoring and classification. These combine the collection of personal information needed for fuller...

TV addiction: A silent danger

TV addiction: A silent danger | 2019-01-07 00:00:00

I will never forget the day when a monochrome or black-and-white TV came into our house for the first time in 1978. It was a wonderful device that allowed me to learn and be entertained at the same time through...

'No' to bringing electoral process to disrepute

Neil Ray | 2019-01-07 00:00:00

If election campaign was marked by some stray incidents of violence, the polling day happily was free from all such incidents. Post-polls time was also mostly peaceful. But an ugly incident of sexual and physical abuse of a mother of...

Jobs are what villages need, desperately

Shamsul Huq Zahid | 2019-01-07 00:00:00

How should one explain the development now taking place in vast rural areas of the country? Should he or she refer to newly built roads or power connections to rural houses or disappearing thatched houses or kids going to school...

JMI Syringes net profit growth moderates

Mohammad Mufazzal | 2019-01-06 12:00:00

JMI Syringes & Medical Devices has witnessed a moderate growth in turnover and net profit, among others, for the year ended on June 30, 2018 compared to the same period of the previous fiscal year. For the fiscal year (FY)...

MRT Line-1 may go fast-track

Munima Sultana | 2019-01-06 00:00:00

Another metro rail project may come on fast track for smooth implementation to set up the first underground mass transport system in Dhaka city, officials said.They said Economic Relations Division (ERD) has sent a prayer to the selection committee concerned...

Why businesses need internal controls

Tofazzul Hussain | 2019-01-06 00:00:00

To remain healthy on personal level, we have to control our lifestyle. We know that a family prospers because of controls by the guardian. Similarly, for a business to succeed there must be some kinds of controls. From sociological viewpoint,...

Multilateralism faces headwinds

Kamal Uddin Ahmed | 2019-01-06 00:00:00

Multilateralism, a rules-based and international system, emerged and developed as a key element of world politics and economics after the World War II. Multilateralism refers to mutual collaboration and engagements of world governments to achieve something cherished or to manage...

Miss Culture Worldwide-2018 title for Bangladesh

Nilratan Halder | 2019-01-05 12:00:00

This is not as widely known a competition as the Miss universe or the Miss World but perhaps in substance and significance far outpaces those beauty pageants. This is Miss Culture Worldwide. And do you know who the winner of...

Chinese AI firms look to foray into South Asia

Ismail Hossain back from Beijing | 2019-01-05 00:00:00

Chinese face recognition technology firms look to expand their business in South Asian countries including Bangladesh following the omnipresence of the tech across China. Chinese public and private firms have created a surveillance system by using face recognition software across...

Bhutan sticking to customs guarantee

Syful Islam | 2019-01-05 00:00:00

Bhutan is pressing its case seeking to furnish a customs guarantee instead of a bank guarantee for transit of its goods through Bangladesh. Bhutan fears that the issuance of any bank guarantee would just add to the cost of business...

Stocks cheer nat’l election results

Babul Barman | 2019-01-05 00:00:00

The prime index of the Dhaka Stock Exchange (DSE) climbed 3.80 per cent this week in a sign of positive reaction from the investors to the outcome of the national elections held on the first day of the week. Market...

Finance ministry gives consent to open commercial wing in Kunming

Rezaul Karim | 2019-01-05 00:00:00

The government is set to open commercial wings in five important countries soon with a view to boosting export earnings and further strengthening bilateral ties.The countries are China, Brazil, Turkey, South Africa and Indonesia, according to the commerce ministry sources...

Online porn addiction on the rise

Asjadul Kibria | 2019-01-05 00:00:00

Addiction to pornography is on the rise in the country. Thanks to easy internet access through smart phone, porn sites are now probably the most watched sites by different age groups, especially men. It is a fact that men have...

Cell-phone penetration and digital divide

Abdul Bayes | 2019-01-05 00:00:00

There is no denying the fact that Bangladesh has done well in terms of mobile phone use. Even in rural areas, roughly four-fifths of households have at least one cell-phone set. In urban areas, the gadget has made a huge...

Climate change action cannot ignore social issues

Marc Fleurbaey in Princeton and Helga Nowotny in Vienna | 2019-01-05 00:00:00

Climate scientists are sounding the alarm about global warming, but the world is not responding. In October, the United Nations Intergovernmental Panel on Climate Change (IPCC) warned of catastrophic risks to health, livelihoods, water supplies, and human security if global...

The mystery behind creation of Chakma speech variety

ABM Razaul Karim Faquire | 2019-01-05 00:00:00

The Chakma inhabited Chittagong Hill Tracts (CHT) in Bangladesh and its neighbouring regions in India and Myanmar. They belong to the Tibeto-Burman (TB) ethnic folk, though they speak one of the Indo-Aryan varieties having similarity with the Chattogram variety of...

RHD moves to accelerate BRT South implementation process

Munima Sultana | 2019-01-04 00:00:00

Roads and Highways Department (RHD) has taken a move to accelerate the implementation process of southern part of the bus-based mass transport system in the city.The objective is to facilitate effective operation of the system's northern part, which is now...

RMG: Eluding export target

Shamsul Huq Zahid | 2019-01-04 00:00:00

When the BGMEA honchos some years back had set the $50 billion export earnings target for the year 2021, they knew it was ambitious. Yet they aired high expectation and the relevant ministry became convinced later and accepted the target...

Where society falters to pick its loose ends

Nilratan Halder | 2019-01-04 00:00:00

Bliss it was in that dawn to be aliveBut to be young was very heavenlyThis is how William Wordsworth poignantly pays his deepest tribute to the French Revolution. If some liberty is allowed to express the feeling that has moved...

How to handle the US-China trade talks

Scott Mulhauser | 2019-01-04 00:00:00

Elaborate negotiations take tenacity, expertise and planning. They also take time. There are certainly real challenges in the US-China relationship. And virtually all progress Washington makes with its Chinese counterparts has come from an intense series of talks. At one...

Setting the course of the economy in 2019

Asjadul Kibria | 2019-01-04 00:00:00

New year comes with a mix of expectations, challenges and opportunities. But nothing big can be delivered in a single year unless there are some measures already in place. In Bangladesh, advent of the year 2019 coincides with a new...