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Move to develop expressway network

Munima Sultana | 2018-12-15 00:00:00

The government is toying with an idea to develop an expressway network across the country to establish uninterrupted and speedy connectivity from one corridor to another.The idea is to match with the seven per cent economic growth.Officials said state-run Roads...

ADB finds high reg, land costs key constraints

Syful Islam | 2018-12-15 00:00:00

The Asian Development Bank (ADB) has identified constraints such as weak legal enforcement in mortgage market, supply-side challenges, inadequate incentives, and rising construction cost that prevent the lower and middle-class from getting access to housing finance.The Manila-based lender also found...

Stocks tumble on political jitters

Babul Barman | 2018-12-15 00:00:00

Stocks tumbled this week as growing political tensions led the investors to sell off their stocks ahead of the national election. Thursday was the last trading day of the week which saw the DSEX, the prime index of the Dhaka...

FCBs benefit much from higher interest rate spread

Rezaul Karim | 2018-12-15 00:00:00

Foreign commercial banks (FCBs) are at an advantage to reap the benefits of the existing interest rate spread mainly due to their lower cost of funds. The interest rate spread is the difference between the lending and deposit rates.The lending...

Bus stops are everywhere and yet nowhere

Asjadul Kibria | 2018-12-15 00:00:00

As a standard practice, public buses have to pick up and drop passengers at specified bus stops and nowhere else. The practice in Dhaka is just the opposite. Passengers can get down almost anywhere they want and buses can also...

The silver revolution

Abdul Bayes | 2018-12-15 00:00:00

The adage 'machhe vate Bangalee' (the Banglaess thrive on rice and fish) had somehow been side-lined for a few decades. The famous Malthusian nightmare of population growth surpassing food production and causing immense misery led us to focus on only...

Q1 industrial import rises by 10 per cent

Siddique Islam | 2018-12-14 00:00:00

The overall import for industrial sector grew by over 10 per cent in the first quarter (Q1) of this fiscal year (FY), 2018-19, following a 21.31 per cent increase in import of construction materials as intermediate goods, officials said.The actual...

Transfer pricing law starts paying off

Doulot Akter Mala | 2018-12-14 00:00:00

After five years of its framing, transfer pricing law has started showing results, contributing additional taxes worth Tk 100 million.At least seven multinational companies (MNCs) paid income taxes through re-adjustment of their tax files following the transfer pricing guidelines, officials...

Move to get duty-free mkt access to more countries

Rezaul Karim | 2018-12-14 00:00:00

Bangladesh failed to gain duty-free market access for its products to more than 150 countries due to lack of proper planning.Realising the urgency of the matter, the government has taken a move to obtain such facilities in a number of...

Thirteen 'Z' cos under DSE scanners

Mohammad Mufazzal | 2018-12-14 00:00:00

Thirteen listed companies came under the scanners of the premier bourse, as they failed to 'declare' any dividend in the last five years in violation of the listing regulations.The Dhaka Stock Exchange (DSE) is likely to take final decision on...

Regulatory vigilance over IPOs

Shamsul Huq Zahid | 2018-12-14 00:00:00

The securities regulator has asked a listed company --Pacific Denims --to return to its own account a part of the fund it had mobilised through the initial public offering (IPO) and later, allegedly, misused. The Bangladesh Securities and Exchange Commission...

Reliving dreams that guided this nation's liberation

Nilratan Halder | 2018-12-14 00:00:00

There is no greater virtue than self-preservation. A nation that feels deprived of its rights and privileges may not have the inborn instinct for freedom because disparate individuals have their family upbringing, educational qualifications, cultural orientation and intellectual wavelengths at...

Former US Senators call for defending democracy, national security

Abdur Rahman Chowdhury from Falls Church, Virginia, USA | 2018-12-14 00:00:00

Forty-four former US Senators belonging to both Democratic and Republican parties have signed a letter addressed to the present Senators and the newly elected Senators voicing grave concern on the current state of affairs. They are concerned that national security...

NBR against tax waiver for SIMs used in MNP service

Doulot Akter Mala | 2018-12-13 00:00:00

The revenue board has strongly opposed the government's decision to waive the tax on SIMs used in MNP service.Reduction of SIM tax for mobile number portability (MNP) service may create the scope for evasion of VAT worth Tk 0.5 billion...

Volatile exchange rate: Time to take precaution

Mohammad Nahian Mursalin | 2018-12-13 00:00:00

Exchange rate has gained a lot of attention in recent months due to its unrestrained movement. Policymakers, businessmen and others have expressed concern over the persistence of the volatility in the forex market of Bangladesh. The trade war between China-USA,...

AI to map Chinese strikes

Erik Larsson in Copenhagen | 2018-12-13 00:00:00

Twenty-nine years ago, Han Dongfang survived the hail of bullets at Tiananmen Square. Now, he lives in Hong Kong and maps Chinese labour market strikes. Arbetet Global caught up with him at the International Trade Union Confederation (ITUC) World Congress...

Big business capturing UN SDG agenda?

Jomo Kwame Sundaram in Kuala Lumpur and Anis Chowdhury in Sydney | 2018-12-13 00:00:00

Over the last two decades since the Global Compact, the United Nations has increasingly embraced the corporate sector, most recently to raise finance needed to achieve the Sustainable Development Goals (SDGs), i.e., for Agenda 2030. But growing big business influence...

The world has failed children in conflict zones

Maleiha Malik in London | 2018-12-12 12:00:00

This Human Rights Day (December 10) marks the 70th anniversary of the United Nations General Assembly's adoption of the Universal Declaration of Human Rights. Sadly, events over the past few years show that the world is failing to uphold the...

RHD likely to cut lease rate by half

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

The developer of national highways is likely to reduce leasing rate by half for using its land and other assets after revising the land management policy 2015.Officials said the decision to reduce leasing price of the Roads and Highways Department...

Exploring plurilateral trade deals as LDC graduation nears

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

Following the 11th Ministerial Conference (MC11) of the World Trade Organisation (WTO) held in Buenos Aires in December last year, there is no progress at all in advancing multilateral trade negotiations. Again, very little effort is visible to move ahead...

US-China trade war: Implications for Bangladesh

Ali Ahmed and Nesar Ahmed | 2018-12-11 12:00:00

What seemed like the rumbling of distant clouds during the noisy election campaign of candidate Donald trump came to be a stunning reality with American people electing him as President. Many in the United States (US) and elsewhere still hoped...

Banks' provisioning shortfall swells in nine months

Siddique Islam | 2018-12-11 00:00:00

Overall shortfall in provisioning against loans in the country's banking system swelled by over 20 per cent or Tk 13.60 billion during the first nine months of the year.The total amount of provisioning shortfall rose to Tk 81.27 billion as...

SoBs defy MoF order on public display of top defaulters’ list

Syful Islam | 2018-12-11 00:00:00

None of the state-owned banks (SoBs) and financial institutions have displayed the list of top loan defaulters on their notice boards and posted the same on websites, defying a directive of the ministry of finance (MoF), officials said.The directive was...

Technology Transformation: Time to harness the power

Farhan Noor Galib | 2018-12-11 00:00:00

The world is going through a massive technological transformation. Evolution of Artificial Intelligence (AI), Internet of Things (IoT), robotics, blockchain, and big data proves that the 4th Industrial Revolution is no longer a distant myth. Being a developing country, Bangladesh...

Strengthening Africa's climate resiliency

Carlos Lopes in Cape Town, South Africa | 2018-12-11 00:00:00

The fight against climate change could be reshaped in the final month of the year, with the just-completed G20 summit in Argentina followed this week and next by the United Nations Framework Convention on Climate Change (COP24) in Katowice, Poland....

COP24 and greater awareness of climate change

Polin Kumar Saha | 2018-12-11 00:00:00

The UN Climate Change Conference (COP24) began on December 03 at Katowice, Poland. It is scheduled to continue till December 14. This conference is an important bridge between the Paris conference (COP21) and another to be held in 2020, when...

Addressing the country's rat problem

Sarwar Md. Saifullah Khaled | 2018-12-11 00:00:00

The Pied Piper of Hamelin is a timeless fairy tale. In the story, the Pied Piper was hired by the town's officials to rid the town of its rats.In Bangladesh, a similar pied piper is necessary now. He can lead...

Women labour force in Bangladesh: Key facts and trends

Iqbal Hossain | 2018-12-11 00:00:00

Women tend to use their incomes more productively and it was found that women devoted 90 cents of every dollar they earned for their families, including children's education, health and nutrition compared to 30-40 cents by men (Development Report 2012,...

Making the case for engaging private sector in SDGs

Ashfaqul Chowdhury | 2018-12-11 00:00:00

Sustainable Development Goal or SDGs are the buzzword that reverberates around the development sector these days. From halls of the United Nations to the newspapers sold in local buses- all of them have something to discuss any of the 17...

Expanding role of institutional players

Bijon Islam | 2018-12-11 00:00:00

As of 2018, Bangladesh has a lot to be proud of. We have entered the lower rungs of middle income nation as per World Bank, have maintained a gross domestic product (GDP) growth rate that is second in the region,...