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Ghostly sight of flyovers says it all

Shamsul Huq Zahid | 2018-10-26 00:00:00

Construction of the Moghbazar-Mouchak (combined) flyover project was completed by the Local Government Engineering Department (LGED) in June 2017 after a long delay and cost escalation. Commuters and residents living in areas adjacent to the 8.7-kilometre project areas had suffered...

Measuring dynamics of retail trades

Nilratan Halder | 2018-10-26 00:00:00

That the size and dynamic of a country's retail market is a true representation of its economy and people's living standard is yet to be recognised by policymakers and economists in Bangladesh. Or else, there would have been a comprehensive...

Video book on grammar

Sopnil Mottafi Billah, | 2018-10-25 00:00:00

I grew up in a middle class family in a remote island called Hatiya-- where there was no modern education facility, where studying in a school meant going to class and to the private or coaching teachers, but as middle...

Australia set to review HSIA security issue in March

Rezaul Karim | 2018-10-25 00:00:00

Australia is set to review the enhanced security arrangements at Hazrat Shahjalal International Airport (HSIA) in Dhaka in March next year before deciding on the resumption of direct cargo service between the two countries. The direct cargo service between Dhaka...

ADB for updating mobile payment ecosystem

Syful Islam | 2018-10-25 00:00:00

The Asian Development Bank (ADB) suggested upgrading the system infrastructure for enhanced mobile payment usage in Bangladesh.This will help the country move towards a cashless society, it said.The Manila-based lender recently fielded a mission to this end in Bangladesh.It found...

Taking stronger measures to curbing plastic menace

Sarwar Md. Saifullah Khaled | 2018-10-25 00:00:00

The environmental pollution, triggered by worldwide industrialisation and urbanisation, is on the rise. Polythene and plastic are the main components of environmental pollution. In Bangladesh polythene shopping bags still rule the market though its production and use were banned nearly...

Africa needs trade, not aid, from EU

Carlos Lopes in Cape Town, South Africa | 2018-10-25 00:00:00

China's use of trade and investment links to expand its influence in Africa is fuelling growing concern in some European capitals. But, instead of complaining about China's activities, the European Union (EU) should be deepening its own engagement with the...

Brexit quandary: General election or a fresh referendum?

Anatole Kaletsky in London | 2018-10-25 00:00:00

As the Brexit negotiations enter their endgame, a stalemate has become the most likely outcome. This is good news. It does not mean that Britain will "crash out" of the European Union (EU) with no agreement: deals in the European...

Getting ready for trade policy review in WTO

Asjadul Kibria | 2018-10-25 00:00:00

Trade policy of Bangladesh will be reviewed in the World Trade Organisation (WTO) during the first half of the next year. It will be the fifth review. The fourth review took place in 2012. As a Least Developed Country (LDC)...

US$ price in kerb market goes up

Siddique Islam | 2018-10-24 00:00:00

Exchange rate of cash US dollar against the local currency in the banking channel and also in the open market, known as kerb market, has increased by around Tk 1.0 in a week, traders said.The US currency rate reached Tk...

Developing jute-stick ash as an export product

Md Ruhul Amin | 2018-10-24 00:00:00

Jute has been a driving force for Bangladesh's economy for several decades. Despite a decline in the global demand for it around the late 2000s, jute is still one of the main crops in rural Bangladesh. Approximately 30 million people...

Livelihood issues: Favourable and unfavourable ecosystems

Abdul Bayes | 2018-10-24 00:00:00

Like any other country of the world, Bangladesh features both favourable and unfavourable ecosystems. The unfavourable or the fragile ecosystems occupy a substantial proportion of land and population in Bangladesh. For example, the flood-prone ecosystem accounts for roughly one-third of...

How to meet challenges to seaborne trade

Md. Rezaul Karim | 2018-10-23 00:00:00

Seaborne trade can be encouraged by improving port facilities and other logistics support. In 2017-18, goods worth US $ 51.53 billion were imported into the country while goods worth of $ 36.66 billion dollars were exported through the ports. The...

Dope test must for govt job

Munima Sultana | 2018-10-22 00:00:00

From now on, a candidate selected for a government job must undergo a dope test alongside regular health check-up to the done by a medical board.This new guideline will apply to the entrants to government jobs of all types and...

Proposed new customs law to facilitate international trade

Doulot Akter Mala | 2018-10-22 00:00:00

The proposed new customs law has some provisions like assessment to be made based on globally-recognised transaction value to facilitate international trade, officials said.Customs now follow different methods for valuation of imported goods, much to the annoyance of the traders.Under...

US to help Chittagong port bolster nuclear security

Syful Islam | 2018-10-22 00:00:00

A US team is due in the city next month to discuss with officials the issue of prohibiting illicit shipment of nuclear and other radioactive materials through the Chittagong port, officials said.Under the "Megaports Initiative," the National Nuclear Security Administration...

Forex dealers call for cautious LC opening

Siddique Islam | 2018-10-22 00:00:00

Bangladesh Foreign Exchange Dealers' Association (BAFEDA) will urge its member banks to be cautious about opening letters of credit (LCs) for import, considering the overall forex market situation.The decision came at a meeting of the technical committee of BAFEDA held...

BB mulls SLR exemption for PKB

Rezaul Karim | 2018-10-22 00:00:00

Bangladesh Bank (BB) is considering to exempt Probashi Kallyan Bank (PKB) from maintaining the Statutory Liquidity Ratio (SLR) as the central bank recently sought opinion from the government in this regard, officials said. The central bank approved conversion of the...

Developing home-grown professional managers

Tanveer Islam | 2018-10-22 00:00:00

A challenge awaits us in the near future, when finding a professional manager will prove more difficult than one can expect. The reason behind this is that the first generation of entrepreneurs who envisioned today's Bangladesh after the country's liberation,...

Awareness and sense of responsibility

Neil Ray | 2018-10-22 00:00:00

When it comes to civic sense, people living in this capital or those visiting it from all corners of the country do not have an enviable record. That no one pines for a spick-and-span city is clear from the way...

Skewed ownership of assets and sluggish capital market

Shamsul Huq Zahid | 2018-10-22 00:00:00

Compared with the value of assets he/she owned 18 years back, an adult Bangladeshi, on an average, is now richer by US$1194. The value of per capita assets in Bangladesh, according to the Global Wealth Report-2018 of Credit Suisse, a...

Making Bangladesh seaports sub-regional hubs

Asjadul Kibria | 2018-10-22 00:00:00

Bangladesh and India are set to sign an agreement this week which would allow the latter to use Chattogram and Mongla ports for freight transportation to its land-locked north-eastern region. This will obviously enhance sub-regional connectivity.Under the proposed deal, as...

Drive against food adulteration begins

Talha Bin Habib | 2018-10-21 00:00:00

The national food safety watchdog is well equipped to check adulterated food sales and discipline errant traders in Dhaka city.To protect consumer rights, the Bangladesh Food Safety Authority (BFSA) now monitors food market regularly to stop spurious food sales here.Officials...

Dhaka-Riyadh: Seeking multi-dimensional economic partnership

Kamal Uddin Ahmed | 2018-10-21 00:00:00

At the invitation of Saudi King Mohammad Salman bin Abdul-Aziz Al Saud, Prime Minister Sheikh Hasina officially visited the Kingdom of Saudi Arabia (KSA) on October 16-19, 2018. It's her second visit to the oil-rich country this year. She was...

Postal deptt set to slash e-money charge

Rezaul Karim | 2018-10-20 00:00:00

Postal department is set to substantially slash charge for its mobile money order service soon, a finance division official said.The state entity charges senders more than the privately-run mobile money transfer ecosystem in a highly competitive market, he added.To this...

Govt approves record number of projects in a calender year

FHM Humayan Kabir and Syful Islam | 2018-10-20 00:00:00

The government has endorsed 329 projects in last nine and a half months at a total cost of Tk 3.61 trillion, which is the record highest in a calendar year in terms of number and volume of allocations. A good...

Risk management framework helps financial stability

Sk. Shamim Iqbal | 2018-10-20 00:00:00

Almost all companies, with the banking ones in particular, face risk in their business operations. It is said that where there is no risk, there is no reward. Successful risk management ensures rapid progress of a banking organisation as well...

Emergence of sukuk bonds in capital market

Muhammad Abdul Mazid | 2018-10-20 00:00:00

Sukuk is commonly referred to as sharia-compliant bonds or Islamic equivalent of conventional bonds. It is often labelled as a secure return through an ethical investment. Unlike conventional bonds, which merely confer ownership of a debt, sukuk grants the investor...

Promoting standards to be competitive

Asjadul Kibria | 2018-10-20 00:00:00

Valuing standards is yet to be a strong point in the country. Although a growing number of consumers are now more conscious of standards, they get disappointed by the indifferent attitude of the regulatory authority. Product manufacturers, suppliers and service...

Citizens' Platform, SDG and youth

Abdul Bayes | 2018-10-20 00:00:00

The youth is bulging in Bangladesh driving the country towards a demographic dividend, ceteris paribus. Statistics show that approximately over 50 million or around 40 per cent of the people in Bangladesh are between the ages 15-35. Bangladesh is at...