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Remittance flow up 15pc in 2018

Siddique Islam | 2019-01-03 00:00:00

Inward remittance jumped by nearly 15 per cent or around $2.0 billion in calendar year 2018 following the depreciating mode of taka against dollar, officials said.Remittance inflows rose to $15.53 billion in 2018 from $13.54 billion a year ago despite...

Little progress in metro rail recruitment

Munima Sultana | 2019-01-03 00:00:00

The state-owned metro rail company is going very slow on recruiting people for the metro rail system although three mass rapid transit (MRT) projects are progressing well.Sources said the Dhaka Mass Transit Company Limited (DMTCL) started the recruitment process through...

Artificial Intelligence in banking: Global and Bangladesh perspective

ASM Ahsan Habib and Rafiqul Islam | 2019-01-03 00:00:00

The world is gradually shifting to an automated and technology-driven global society. Most developed nations of the world, including China and USA, are investing in research and development projects focused at Artificial Intelligence (AI) and the ways it can influence...

The centre-left and globalisation

Kemal Dervis and Caroline Conroy in Washington, DC | 2019-01-03 00:00:00

Popular uprisings across France are threatening to shatter the hope that so many had placed in French President Emmanuel Macron after his election in May 2017. With his party, La République En Marche!, having secured an absolute parliamentary majority, Macron...

Nov sees further dip in interest rate spread

Siddique Islam | 2019-01-02 00:00:00

Interest rate spread in the country's banking sector decreased further in November, although the commercial banks increased their interest rates more on deposit than lending, officials said.The interest rates on deposit returned to an upward trend in November 2018 after...

Bangladesh's stakes in Asian economic integration

Md. Joynal Abdin | 2019-01-02 00:00:00

Most economies from the Asian and the Pacific regions maintained six per cent growth in 2018 (other than the high-growth nations). Intraregional cooperation between the Asian nations is moving toward a positive trend despite the threat of a US-China Trade...

Difficult year ahead for global economy

Sarwar Md. Saifullah Khaled | 2019-01-02 00:00:00

Around the last quarter of 2018, economists across the world maintained that the United States (US)-China trade war and tightening financial conditions would trigger the next downturn, thus dimming the outlook for global growth in 2019. This is in contrast...

BUET to develop model for operating BRT North

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

The Roads and Highways Department (RHD) has sought the help of the Bangladesh University of Engineering and Technology (BUET) to develop a model for operating the bus-based mass transport service in the city.The RHD is implementing the Bus Rapid Transit...

Can new banks really contribute to the economy?

Syed Md Aminul Karim and Md Ariful Islam | 2019-01-01 00:00:00

Currently, there are 64 banks in Bangladesh, including both scheduled and non-scheduled banks. With the recently approved Community Bank, 47 of them are scheduled commercial banks of which 41 are private commercial banks and six are state-owned banks. Since the...

Watch this, ignore that: A guide to US politics in 2019

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

The last few months of 2018 have seen the Democrats take over the House of Representatives and Republicans retain control of the Senate; a flurry of revelations about the Kremlin's role in the 2016 election; an economy that may be...

NPLs edge up in farm sector

Siddique Islam | 2018-12-31 00:00:00

Classified loans in the agriculture sector increased slightly in the five months to November, notwithstanding close monitoring by the central bank, official said.The amount of non-performing loans (NPLs) lent out to farmers rose by more than 2.0 per cent or...

A very Trumpian year

Joseph E. Stiglitz | 2018-12-31 00:00:00

NEW YORK: At the end of 2017, US President Donald Trump's administration and congressional Republicans rammed through a $1.0 trillion cut in corporate taxes, partly offset by tax increases for the majority of Americans in the middle of the income...

Banking sector passes year with sluggish deposits growth

Siddique Islam | 2018-12-31 00:00:00

One more a year passed with sluggish growth in deposits in the banking system, though different measures were taken by the government and the central bank to improve the situation. Lower deposit growth is creating liquidity pressure on the money...

Container movement between Ctg port, other parts of BD remains suspended

Syful Islam | 2018-12-31 00:00:00

Movement of containers between Chittagong port and other parts of the country remained suspended from early hours of Sunday, the day of general election, despite no official restriction on the vehicles carrying export and import cargoes.The port officials, however, said...

As climate change pummels agriculture, irrigation offers the best protection

Busani Bafana in Bulawayo, Zimbabwe | 2018-12-31 00:00:00

The changing climate and extreme weather events are affecting agricultural productivity in Africa to such an extent that a panel of experts are urging governments to prioritise and invest in irrigation to ensure food security.Increased heat spells, coupled with flash...

Is cancelling Brexit now inevitable?

Anatole Kaletsky in London | 2018-12-31 00:00:00

In times of political turmoil, events can move from impossible to inevitable without even passing through improbable. In early 2016, the idea of Britain leaving the European Union seemed almost as absurd as the next American president being the six-time...

Election turns Dhaka empty

Neil Ray | 2018-12-31 00:00:00

Unlike many other megalopolises in advanced countries, Dhaka City presents a changed face not just on a daily basis but almost in every passing hour. So unpredictable are its changes that it is impossible to make a plan with one's...

Reining in soaring project costs

Shamsul Huq Zahid | 2018-12-31 00:00:00

It has become more of a routine affair for the public sector agencies to seek recurrent hike in cost of development projects and extension of the deadline for their execution. Most project implementing agencies have taken up this bad habit,...

The process and the position of Bangladesh

Ali Ahmed and Nesar Ahmed | 2018-12-30 00:00:00

The concept of creating a separate group termed Least Developed Countries (LDCs) originated in the mid-1960s with a view to providing special attention and supports to the "less developed" of the developing countries. As a result, in the very first...

Expect 2019 to test global stability

John Lloyd | 2018-12-30 00:00:00

The resignation of US Defence Secretary James Mattis stands not only as a radical dissociation from the actions of the president he served, but as a foreboding for the future, a warning for 2019 - and beyond. And, for all...

Development, foreign assistance, foreign loans, FDI, public debt

Muhammad Abdul Mazid | 2018-12-30 00:00:00

Bangladesh has been regarded from the beginning as a test case for development. In October 1974, the Bangladesh Aid Group was established under the aegis of the World Bank, with 26 participating governments and institutions. Aid to Bangladesh has remained...

Another year of road rage, accidents

Munima Sultana | 2018-12-29 00:00:00

Yet another year, 2018, went by with a rising number of road accidents in the absence of safe roads, triggering widespread student demos in Dhaka city.The Road Transport Act (RTA), which was shelved for years, was passed in parliament hurriedly...

High-level meet urges ‘caution’ on signing FTA deal with China

Syful Islam | 2018-12-29 00:00:00

A high-level meeting at the Commerce Ministry suggested caution about signing free trade area (FTA) deal with China, keeping in mind the revenue issue, interest of the domestic industry and possible Chinese investments, officials said.The suggestion came at a recent...

Some PCBs earn higher operating profit in 2018

Siddique Islam | 2018-12-29 00:00:00

The operating profits of the country's private commercial banks (PCBs) witnessed a healthy growth in the outgoing year, even if soured loans are on the rise, bankers said.Most of the banks, excepting a few, maintained their operating profits growth, despite...

Index edges higher amid high hopes

Babul Barman | 2018-12-29 00:00:00

The prime index of the major bourse posted a 2.29 per cent return in the last week of 2018 that ended on Thursday, as the key sectors led by banking and telecoms performed well.Ahead of the national election and the...

SDGs implementation pathway: A whole society approach - II

Shamsul Alam | 2018-12-29 00:00:00

MONITORING AND EVALUATION FRAMEWORK OF SDGS DEVELOPED: The Monitoring and Evaluation (M&E) Framework of SDGs (GED, 2018) has been developed to track progress on implementation and achievement of SDGs in Bangladesh in the next 13 years. Several issues need to...

Election manifestos overlook decent public transport

Asjadul Kibria | 2018-12-29 00:00:00

The election manifestos of the major political parties, unveiled ahead of the 11th national parliamentary election, are loaded with a list of ambitious promises. The main objective of these promises concerns making the lives and livelihoods of the countrymen better...

Election festivity in rural areas

Abdul Bayes | 2018-12-29 00:00:00

Rural people possibly would participate in the national election in a relatively more joyous mood than ever, provided that they are free to choose their candidates without any fear. One of the reasons for the jubilation is the improvement of...

Withdrawal of US troops from Syria - its implications

Abdur Rahman Chowdhury from Falls Church, Virginia, USA | 2018-12-29 00:00:00

Jim Mattis, the US Defence Secretary, has resigned over President Trump's decision to withdraw troops from Syria. Trump also announced to reduce troops level in Afghanistan to half of the current level. Mattis disagreed and in a letter addressed to...

China's myth-busting miracle

Éloi Laurent in Paris | 2018-12-29 00:00:00

Forty years ago, on December 29, 1978, the 11th Central Committee of the Communist Party of China (CPC) released the official communiqué from its third plenary session, launching the greatest economic-growth experiment in human history. In newspeak understandable to CPC...