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Making financial inclusion faster through fintech

Noore Alam Siddiqui | 2018-10-14 00:00:00

Financial inclusion efforts seek to ensure that all individuals, households, and businesses - regardless of net worth, size, income level - have access to and can effectively use the appropriate financial services they need to improve their lives. This is...

DBBL witnesses 39.77pc net profit growth in 2017

Mohammad Mufazzal | 2018-10-14 00:00:00

Dutch-Bangla Bank Limited (DBBL) registered a growth of 39.77 per cent in net profit to Tk 2.46 billion in 2017 as compared to that of the previous year.According to the DBBL, the bank's profitability rose moderately in 2017 due to...

CPA wants expansion of FCL coverage

Syful Islam | 2018-10-13 00:00:00

The National Board of Revenue has been asked to permit direct delivery of all types of FCL (full container load) containers to importers' premises.According to officials, only industrial items are now allowed to be delivered as FCL containers.Chittagong Port Authority...

Stocks post marginal gain riding on power sector issues

Babul Barman | 2018-10-13 00:00:00

Stocks edged higher last week, extending the gaining streak for the second week in a row, as some investors showed their buying appetite on sector specific issues.Market insiders said most of the investors were buying shares, particularly from power, food...

Two trendsetting pioneers in tennis and table tennis

Helal Uddin Ahmed | 2018-10-13 00:00:00

Following the independence of Bangladesh in 1971, there were hopes and expectations galore in all areas of national life including games and sports. Over the years, those lofty aspirations may not have fully materialised, but there were pioneers and torch-bearers...

International Standards and Fourth Industrial Revolution

Md Abu Abdullah | 2018-10-13 00:00:00

Imagine a world where your credit card would not fit into every cash machine. Also, imagine a world without telephone codes, country and currency codes and access to internet. If we don't have standards, or communication between people and machine,...

Country needs to advance transport literacy

Asjadul Kibria | 2018-10-13 00:00:00

The growing chaos in the public transport system in the capital city originates from multifarious issues. Over the years, a series of factors have contributed to the disorder. Day by day, the number of unruly vehicles and careless pedestrians is...

Seasonal variations in land use

Abdul Bayes | 2018-10-13 00:00:00

Farmers of Bangladesh cultivate their land in three different seasons each having its own characteristics. Once agriculture in this part of the world was rain-dependent, then turned into a mechanised system of lifting water from the underground.The distribution of cultivable...

Authoritarian quacks

Nina L. Khrushcheva | 2018-10-13 00:00:00

Why do conspiracy theories so often receive their strongest support from the world's dictators? Dictators are almost always oddballs, but it is worth asking: Is quackery a required trait of authoritarian rule?Having grown up in the Soviet Union, I am...

Paradigm shift in financing infrastructure needs

Muhammad Abdul Mazid | 2018-10-13 00:00:00

Previously at the initial stages of development, moving a worker from farmland to factory usually fetched a very high value-added contribution to the economy. Much of South Asia's extraordinary growth in the decades has been underwritten by this conversion, but...

A rising star in South Asia

Sanjali Yadav | 2018-10-13 00:00:00

From a war-torn nation in 1971, Bangladesh has turned itself into a 'Role Model for Development' in less than fifty years. The country recorded impressive progress in poverty reduction and numerous other parameters of socioeconomic development in the last few...

Transformation of a colourful festival

Nilratan Halder | 2018-10-13 00:00:00

If Durga Puja is not the most colourful of all festivals, it surely is one of those. So far as the Bangalee Hindus are concerned, it is the greatest and most colourful festival to them. The untimely invocation of Goddess...

'Politics' in grooming educated Muslim girls in South Asia

S. M. Rayhanul Islam | 2018-10-12 12:00:00

Muslim women and girls are usually viewed as oppressed victims of their families, communities, and orthodoxies. Prominent feminist scholars like Lila Abu-Lughod, Joan Scott, Saba Mahmood, and others have shown how the concept of Muslim women as victims of their...

Taka deflates more vs US$

Siddique Islam | 2018-10-12 00:00:00

The exchange rate of Bangladesh Taka (Tk) depreciated further against the US dollar (US$) on Thursday, despite the central bank's foreign currency support to the commercial banks.The local currency depreciated by three paisas on the day, mainly due to higher...

Passport and national image crisis

Shamsul Huq Zahid | 2018-10-12 00:00:00

That their passports are not held in high esteem by immigration people at many international airports is often noticed by Bangladeshis who travel widely. Their sense of pride as citizens of a country that came into being at a huge...

Taking care of young minds

Nilratan Halder | 2018-10-12 00:00:00

How is the country's young population? In a country where about 48 per cent of the total population are young people, the question is even more pertinent when the International Labour Organisation (ILO) reports that 40 per cent of the...

TB remains world's single largest infectious killer

Mandy Slutsker from Washington, DC | 2018-10-12 00:00:00

A disease that we know how to prevent, treat, and cure has become the world's leading infectious killer: tuberculosis (TB), an airborne bacterial infection.A new report by the World Health Organisation (WHO), launched in New York on September 18, found...

ICB plans to inject fresh funds into stock mkt

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

The Investment Corporation of Bangladesh (ICB) has planned to inject fresh funds into the capital market to keep the market stable ahead of the upcoming general election.Under the move, the state-run investment agency is now working to collect funds worth...

Tax from biggies Tk 3.0b short of target in Q1

Doulot Akter Mala | 2018-10-11 00:00:00

Tax collection by the National Board of Revenue (NBR) from financial institutions fell short of the target by Tk 3.0-billion in the first quarter (Q1) of the current fiscal year (FY).Officials attributed the shortfall to 2.5 per cent cut in...

'Impactor' programme for early-stage entrepreneurs

Salsabeel Khan | 2018-10-11 00:00:00

Toru Institute of Inclusive Innovation has recently launched the 'Impactor' programme for early-stage entrepreneurs. The Impactor programme is an eight-month long business incubation programme for entrepreneurs who want to transform their idea, early form of a product or an early...

Economic outlook 2030: Bangladesh on a stable course

Masih Malik Chowdhury | 2018-10-11 00:00:00

Bangladesh had a GDP growth of 7.86 per cent in the last fiscal. This is welcome news as this performance is the resultant effect of all activities & performances by the nation. The global credit ratings of Bangladesh have also...

US mid-term elections - a referendum on Trump's policies and performance

Kamal Uddin Ahmed | 2018-10-11 00:00:00

The Congressional mid-term elections are extremely important in the US political system. The event draws nationwide attention and debate and is also watched globally. The elections, this time, with higher stakes compared to many previous ones, will be held on...

IPOs surge 194pc in nine months of 2018

Babul Barman | 2018-10-10 12:00:00

Fund raising by companies through initial public offerings (IPOs) surged by 194 per cent in the nine months of this year compared to the same period of the previous year.During January-September 2018, 11 companies raised a total of Tk 5.01...

Trouble-torn DEE faces yet another disruption

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

The design of piers for the Dhaka Elevated Expressway (DEE), a public-private partnership (PPP) project, has been changed halfway through the first phase work of the project, sources said.They said the Thai concessionaire of the PPP project changed the pier...

Move to devise regional policy to decentralise goods handling

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

The government has moved to formulate regional policy on decentralisation of loading and unloading of goods to reduce pressure on Chittagong port and ensure optimum use of capacity of other ports, officials have said.An eight-member committee, led by additional secretary...

Muhith seeks detail on dividend payments

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

Finance Minister AMA Muhith has sought details on the payment of dividends by 10 state-owned entities in the one decade from 2009.The government expressed resentment over the poor dividend payments to the state coffers, a senior official of finance division...

Poor rural households doing better but income inequality rising

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

There are various factors to fuel income of rural households. Land - irrespective of owned or rented - has historically been the most important asset in generating household income. Household income also depends on the number of working members within...

What distorts the growth story of Bangladesh

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

The final estimate of the country's Gross Domestic Product (GDP) showed that the size of the economy crossed Tk 10-trillion mark in the past fiscal year (FY18). The GDP (at constant price) stood at Tk 10.22 trillion in FY18 recording...

Trump's trade policy: Xenophobic unilateralism

Kemal Dervis and Caroline Conroy in Washington, DC | 2018-10-10 00:00:00

Since World War II's end, trade has grown 50 per cent faster than global GDP, owing largely to successive rounds of liberalization under the auspices of the World Trade Organisation or WTO (previously the General Agreement on Tariffs and Trade,...

Passports in a day likely

Munima Sultana | 2018-10-09 00:00:00

The government has planned to issue passport in a single day to meet emergency needs of citizens.Officials said before introducing the super express service, the Department of Immigration and Passport (DI&P) delivered 1,896 'reissue' passports from the venue of Development...