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Banks can lend more

Siddique Islam | 2018-10-09 00:00:00

Commercial banks have been empowered to lend more as the central bank has relaxed cash reserve requirement (CRR) and statutory liquidity ratio (SLR) rules.Officials said the banks are allowed to maintain both CRR and SLR with the Bangladesh Bank (BB)...

PMO asks NBR to find reasons behind foreign investors leaving country

Doulot Akter Mala | 2018-10-09 00:00:00

The Prime Minister's Office (PMO) has asked the National Board of Revenue (NBR) to find reasons behind the departure of some large foreign investors.In a recent meeting, the PMO wanted to know whether the NBR could do something to bring...

The long trail of US financial crisis

Syed M Ahmed from Oklahoma, USA | 2018-10-09 00:00:00

September 15, 2018 marked the 10th anniversary of the financial crisis that almost killed the American economy. The enormity of the crisis baffled economists who thought they finally had a handle on why financial crisis occured, but their sophisticated macroeconomic...

Choosing appropriate SME development approach

Md. Joynal Abdin | 2018-10-09 00:00:00

Small and medium enterprises (SMEs) are considered to be the mother of large industries. There are 7.81 million enterprises/economic entities in Bangladesh. Of these, 0.86 million are SMEs. The SMEs promote broad-based equitable development and provide more opportunity for women...

BB sells $45m to banks to steady forex market

Siddique Islam | 2018-10-08 00:00:00

The central bank of Bangladesh again lent its foreign exchange support last week through selling US dollars to banks aiming to keep the market stable, officials said.The Bangladesh Bank (BB) sold $45 million to different commercial banks in the week...

Materialising the dream of cashless society

AKM Rabiul Islam | 2018-10-08 00:00:00

Around the world, the use of cash has been steadily declining, and some experts predict that cash payments will fall by as much as 50 per cent over the next 10 years. Denmark, Sweden, and Thailand have passed laws that...

Now beauty pageant for cow

Neil Ray | 2018-10-08 00:00:00

So, there is a beauty pageant for cows too. Like beauty contestants at the Miss World and Miss Universe competitions, the female of the four-footed bovine beauties also strut the ramp before the judges. But while their human counterparts must...

Testing time for new transport act

Shamsul Huq Zahid | 2018-10-08 00:00:00

At least 5,280 people were killed in road accidents during the last 520 days across the country, according to statistics on road accidents maintained by a leading vernacular daily. The actual number of deaths could be higher as some deaths...

G20 Women's Summit pushes for rural women's rights

Daniel Gutman in Buenos Aires | 2018-10-08 00:00:00

Rural women play a key role in food production, but face discrimination when it comes to access to land or are subjected to child marriage, the so-called affinity group on gender parity within the G20 concluded during a meeting in...

S Asia Maritime and Logistic Forum kicks off October 9

Talha Bin Habib | 2018-10-07 00:00:00

Bangladesh will focus on attracting more foreign investment in the shipping sector during the second South Asia Maritime and Logistic Forum (SAMLF) beginning in the capital on October 9, official said.The two-day forum will be held at a city hotel,...

Refund of tax: Woes of taxpayers

Masih Malik Chowdhury | 2018-10-07 00:00:00

Income tax is a levy on income. The collection of income tax takes place according to the Income Tax Ordinance 1984 (ITO-1984). Every year during budget presentation for ensuing financial year, applicable laws and levies are amended by a proposal...

Asia's strongmen and their weak economies

Jayati Ghosh in New Delhi | 2018-10-07 00:00:00

US President Donald Trump grabs the most headlines, but the cult of the strongman leader is most developed in Asia. The continent abounds with rulers - including Indian Prime Minister Narendra Modi, Philippine President Rodrigo Duterte, Turkish President Recep Tayyip...

India imposes import ban on edible oil

Rezaul Karim | 2018-10-06 00:00:00

India has suddenly slapped a ban on import of edible oil from Bangladesh, much to the concern of Bangladeshi exporters, officials and businessmen said.According to the officials, the Directorate of Revenue Intelligence (DRI) of India took the harsh decision on...

SWIFT looks to train BD bankers on cybercrimes

Syful Islam | 2018-10-06 00:00:00

The SWIFT has moved to train Bangladeshi bankers and ministry officials to help them prevent, detect and respond to fraudulent acts, sources said. The move has been made as criminals have sharpened their nails by engaging sophisticated means to burst...

Stocks rebound riding on bank, power issues

Babul Barman | 2018-10-06 00:00:00

Stocks rebounded last week, ending a four-week losing streak, as optimistic investors showed their buying appetite on large-cap issues.Brokers said most of the investors were buying shares from heavyweight sectors like banking, power and financial institutions, taking the prime index...

Asia Cup 2018: India's off-field stranglehold

M. Serajul Islam | 2018-10-06 00:00:00

What is it that the International Cricket Council or ICC and the Asian Cricket Council or ACC, the guardians of international cricket, have against Bangladesh cricket? And do they realise that by their conduct, it is becoming palpably evident that...

Bad financial moon rising

William White in Basel, Switzerland | 2018-10-06 00:00:00

No one should overestimate economists' powers of understanding. Just as the magnitude of the global downturn that began in mid-2008 took most economists completely by surprise, so did the sclerotic nature of the recovery. Similarly, economic forecasts today appear to...

Gloomy global trade outlook and BD's export

Asjadul Kibria | 2018-10-06 00:00:00

Growth in the global trade is likely to be slower in the current year and the trend may continue in the next year. Escalation of trade tensions coupled with a squeeze in the credit markets is the main reason for...

A review of economic perspective

Abdul Bayes | 2018-10-06 00:00:00

Bangladesh has been performing well on the economic front, if not on the political front, over the past decade, growing at more than 7.0 per cent on an average. The outstanding development in socio-economic sectors has been widely acclaimed, although...

Arms race: The case for a no-first-use policy

Daryl G. Kimball in Washington DC | 2018-10-06 00:00:00

Stanley Kubrick's classic 1964 film Dr. Strangelove delivers an eerily accurate depiction of the absurd logic and catastrophic risks of US and Russian Cold War nuclear deterrence strategy, but for one key detail: President Merkin Muffley was wrong when he...

Combating the menace of climate change

Muhammad Abdul Mazid | 2018-10-06 00:00:00

Among the Sustainable Development Goals (SDGs) of the United Nations, SDG 13 has crucial implications for the human race as a whole. It stipulates that climate change is now affecting every country in every continent, disrupting national economies and affecting...

Along the route of financial inclusion

Md. Mazadul Hoque | 2018-10-06 00:00:00

The lower income group of people living in the country's far-flung areas, who had completely been unfamiliar with the banking world since the day of birth are now changing their lot. This has been possible as the money circulation has...

When theft is rewarded

Nilratan Halder | 2018-10-06 00:00:00

When caught thieves are subjected to merciless physical battering. It is a free for all to try their sadism on the hapless person. An essay on An autobiography of a thief can be the most poignant theme on this subject....

India proposes six new river routes in transit protocol

Syful Islam | 2018-10-05 00:00:00

The neighbouring India has proposed including six new river routes in the Protocol on Inland Water Transit and Trade (PIWTT) to facilitate Indo-Bangla trade further through waterways, officials said.Presently, there are eight river routes through which cargos are carried between...

BB sees growth, inflation outlook stable in FY '19

Siddique Islam | 2018-10-05 00:00:00

The central bank assumes that political tensions centring on next general election in the country will be insignificant and hence economic growth and inflation are likely to remain stable in the current fiscal year (FY)."Looking ahead, growth and inflation outlook...

Contractor starts assembling tunnel boring machine

Munima Sultana | 2018-10-05 00:00:00

The Chinese contractor of the Karnaphuli Tunnel project has started assembling tunnel boring machine (TBM) to begin construction of the country's first tunnel under the River Karnaphuli soon, officials said.They said all parts of the boring machine have already reached...

Reformers' thoughts on education

S. M. Rayhanul Islam | 2018-10-05 00:00:00

'Education' is a social phenomenon as well as an indispensable component of social structure. Since the ancient times, education has been considered the main engine for reconstruction of a society. As a result, social thinkers and reformers have been emphasising...

Being generous beyond limit

Shamsul Huq Zahid | 2018-10-05 00:00:00

The unusual generosity displayed in the matters of extending pecuniary and other benefits to the public servants might lead many to believe that the government is floating on cash. In 2015, the government enforced a new pay scale for the...

Tourism: Thus far and no further

Nilratan Halder | 2018-10-05 00:00:00

A common tendency here is to highlight the merit and potential of tourism in the country. Speakers go gaga in seminars and functions marking tourism over the prospect of earning handsome revenues from the sector if and when it is...

Achieving agricultural sustainability

Sarwar Md. Saifullah Khaled | 2018-10-04 00:00:00

Food production in Bangladesh marked a consistent rise over the last few decades, riding on which the country is marching on its way to achieve agricultural sustainability. This result also involves significant development in every other sector of the economy....