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Banking system: Something is rotten …

Syed Ashraf Ali | 2018-11-12 00:00:00

Bangladesh's banking system looks like a carbon copy left by the neo-colonialist Pakistan in 1971. It may be recalled that a few banks owned by private entrepreneurs like Habib Bank Ltd and Muslim Commercial Bank Ltd moved from Mumbai into...

Helping poor children through free private tutoring

Asad Islam, Sakiba Tasneem and Liang Choon Wang | 2018-11-12 00:00:00

Bangladesh has seen a significant improvement in secondary school participation over the last two decades- thanks to the many government policies and NGO-led initiatives. In particular, policies and initiatives targeting female education have led to gender parity in enrolment and...

Can special economic zones promote inclusive growth?

Mohammad A. Razzaque, Bazlul H. Khondker and M Abu Eusuf | 2018-11-12 00:00:00

Eradicating poverty by accelerating economic growth and generating employment opportunities through industrialisation is a key policy priority for Bangladesh. The Government of Bangladesh has decided to establish 100 Special Economic Zones (SEZs) for creating 10 million jobs and generating an...

Achievements and challenges

Mirza Azizul Islam | 2018-11-12 00:00:00

The concept of macroeconomic performance is multidimensional. It encompasses economic growth, (usually measured by GDP growth), price stability, poverty alleviation, exchange rate stability, fiscal prudence etc. The focus in this article is on three critical issues of great macroeconomic significance....

Owners of luxury cars under NBR scanners

Doulot Akter Mala | 2018-11-11 00:00:00

Buyers of luxury cars have come under scanners of the tax authority as they might have concealed the actual brand names of vehicles and their prices in the income tax files.Tax officials said many of the owners of luxury cars...

Signalling system upgrade falters

Munima Sultana | 2018-11-11 00:00:00

A project to upgrade the signalling system at the city's four busy intersections is apparently falling through a lack of coordination between departments.Dhaka Transport Coordination Authority (DTCA), the implementer of the Dhaka Integrated Traffic Management Project (DITMP), extended the project...

US politics: Democrats reclaim House, its implications

Kamal Uddin Ahmed | 2018-11-11 00:00:00

The crucial US midterm elections took place on November 6, 2018 amid apprehension of the Republicans and discontent of the Democrats over President Donald Trump's policies and actions. Voting was held for 35 seats in the Senate and for 435...

‘Focus on circular economy’

Asjadul Kibria from Wolfsburg, Germany | 2018-11-10 00:00:00

Nobel laureate Prof Muhammad Yunus on Friday said the circular economy and social stock market will lead to a new civilisation. "Instead of greed-driven stock market, there will be social market and instead of current wasteful economy, there will be...

BTRC defaults on foreign debt servicing

Syful Islam | 2018-11-10 00:00:00

Bangladesh for the first time in its 47 years of history defaulted on servicing any external debt and faced penalty.Officials said this happened in the case of much-touted Bangabandhu Satellite-1 project under which Bangladesh blasted a satellite into the orbit...

Investors mostly follow cautious approach as election nears

Babul Barman | 2018-11-10 00:00:00

Stocks finished flat last week, after remaining down in the past three weeks, as investors mostly followed cautious stance ahead of national elections.Market insiders said most of the investors adopted a 'wait-and-see' policy ahead of national elections while lower-than-expected earning...

Banaripara: A trading hub going without banking

Kalam Azad | 2018-11-10 00:00:00

Banaripara of Barishal division is a growing trading hub in the southern region of the country. Small and medium enterprises (SMEs) based on betel leaf, betel nut and coconut have been growing in the area over the years. But the...

Untimely cherry blossoms, what next?

Nilratan Halder | 2018-11-10 00:00:00

First the early cherry blossoms and now the disappearance of an island -actually an islet -- off the northern coast of Japan! The disappearance of the island follows the obliteration of a Hawaiian island under the influence of Hurricane Walaka....

Sustainable management of urbanisation

Sarwar Md. Saifullah Khaled | 2018-11-10 00:00:00

To become an upper middle-income country by 2021, Bangladesh, according to World Bank (WB), must manage its urbanisation sustainably. Being Bangladesh's long-term development partner, WB looks forward to working together to improve the livability, competitiveness, and sustainability of cities across...

CPTPP: Japan’s long overdue shot at leadership

Nalifa Mehelin | 2018-11-10 00:00:00

Amidst the success of the Paris Agreement in committing towards a sustainable environment and the breakthrough in handling the refugee crisis in Europe, the year 2015 gained momentum when 12 countries of the world agreed to create a Trans-Pacific Partnership...

Rural migration

Abdul Bayes | 2018-11-10 00:00:00

Mainly there are two types of migration - external and internal. Internal migration can be rural-rural or rural-urban. In recent years, rural-rural migration has diminished while others have increased. Until recently, migration was not considered as important a subject in...

In midterms, a cautionary tale for Trump

David A. Andelman | 2018-11-10 00:00:00

Donald Trump heads to Paris to celebrate the 100th anniversary of the truce that ended World War One, surrounded by more than 100 heads of state, all of whom have followed with intense interest the outcome of Tuesday's congressional midterm...

Strategising efficient management of marine resources

Muhammad Abdul Mazid | 2018-11-10 00:00:00

On September 25, 2015, leaders of 193 countries of the world unanimously adopted the post-2015 international development agenda for the period of 2015-2030, popularly known as Sustainable Development Goals (SDG). SDGs are the framework for global development after the terminal...

Sustainable global future ‘requires good governance’

Asjadul Kibria, from Wolfsburg, Germany | 2018-11-09 12:00:00

Sustainable global future without poverty, hunger and greed requires good governance along with out-of-the-box thinking like social business.These observations were made at the inaugural session of the two-day 9th Global Social Business Summit which started at Autostadt Wolfsburg in Germany...

BB to ask 10 more banks to show cause

Siddique Islam | 2018-11-09 00:00:00

The central bank is set to issue show-cause notices to 10 more banks soon for allegedly providing misleading information about foreign exchange rate, particularly for importers."We'll issue the show-cause notices based on the findings of our investigation conducted in the...

Fathoming the intricate aspects of creativity

S. M. Rayhanul Islam | 2018-11-09 00:00:00

Creativity is one of the most important characteristics of humans. It is a dominant trait that makes us successful as individuals as well as groups. We constantly need new and better ideas for almost every aspect of our personal and...

Micro-organisms in retreat!

Shamsul Huq Zahid | 2018-11-09 00:00:00

Bacteria, viruses and protozoa, the deadly ones in particular, must be cursing themselves for not being effective enough in Bangladesh despite the fact that the country offers a very positive environment for their breeding and finding victims. A piece of...

US mid-term election augurs well for all

Nilratan Halder | 2018-11-09 00:00:00

The entire world waited with bated breath for the results of the American mid-term election. As expected, the Democratic Party has regained control of the House of Representatives by securing 230 out of 435 seats but failed to make any...

Japan team reviewing six big PPP projects

Munima Sultana | 2018-11-08 00:00:00

A Japanese delegation is reviewing progress in six large infrastructure development projects under public-private partnership (PPP).Official sources said this visit is part of the memorandum of understanding (MoU) signed during the second platform meeting in Japan on June 07.It created...

Global social business summit to spotlight plastic pollution

Asjadul Kibria, from Wolfsburg, Germany | 2018-11-08 00:00:00

The ninth edition of the annual social business summit kicks off today (Thursday) in the German city of Wolfsburg with global leaders and thinkers rethinking the future of human civilisation, which is now at stake.The Global Social Business Summit is...

BIMSTEC to push for free trade

Talha Bin Habib | 2018-11-08 00:00:00

Free trade issue and cooperation on customs matters will figure prominently in a two-day meeting of the BIMSTEC trade negotiating committee beginning in Dhaka on November 18, officials said. Other issues related to the framework agreement among the member-countries of...

Revenue board exempts BSC from VAT on buying six Chinese ships

Doulot Akter Mala | 2018-11-08 00:00:00

The National Board of Revenue (NBR) has exempted the Bangladesh Shipping Corporation (BSC) from paying Value Added Tax (VAT) on account of its purchase of six new ocean-going ships.Otherwise, the corporation would be required to pay VAT at a rate...

Bangladesh eyes $ 2.2b from GCF for 48 projects

Syful Islam | 2018-11-08 00:00:00

Bangladesh is expecting to get US$ 2.2 billion from Green Climate Fund (GCF) for implementation of 48 projects as it has finalised the country programme (CP) prioritising adaptation to the impacts of climate change, officials said. However, a good number...

Understanding entrepreneurship

Yanur Islam Piash | 2018-11-08 00:00:00

The third event of Bangladesh Youth Symposium will be held at BUET on November 09 (Friday). Bangladesh Youth Symposium, an initiative of Youth School of Social Entrepreneurs (YSSE), intends to create a remarkable impact on the mindset of students about...

Youngsters as explorers of culture

Ramisa Maliyat Ongira | 2018-11-08 00:00:00

Bangladesh University of Professionals (BUP) creates platforms for students to practice their extracurricular skills, which are considered as important as academic knowledge in the contemporary world. The students have established a club where students can be more than just students,...

The crumbling architecture of arms control

Dan Smith in Stockholm, Sweden | 2018-11-08 00:00:00

At a political rally on October 20, US President Donald J. Trump announced that the United States will withdraw from the 1987 Treaty on the Elimination of Intermediate-Range and Shorter-Range Missiles (INF Treaty). This confirms what has steadily been unfolding...