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SDG implementation: Ensuring localisation and inclusiveness

Shamsul Alam | 2018-10-04 00:00:00

Successful implementation of SDGs in Bangladesh will largely hinge on how effectively it is integrated into national planning as well as localisation at district and upazila levels. At national level SDGs are fully integrated into the national development plan and...

Road Runner populism

Harold James in Princeton, New Jersey, USA | 2018-10-04 00:00:00

Populist economics has rarely had it so good. The US economy is roaring, the stock market is soaring, and the Trump administration's protectionism has apparently had a negligible impact on growth. Trump's dictum that "trade wars are good" even seems...

Call for customs to cut scrutiny below 5.0pc

Syful Islam | 2018-10-03 00:00:00

The customs have been asked to bring down physical inspection of imported containers to below 5.0 per cent to expedite delivery, officials said.Customs officials now physically verify 12 per cent to 15 per cent containers at Chattogram port.Apart from Chattogram...

Tax waiver on LNG import to cause Tk 110b revenue loss

Doulot Akter Mala | 2018-10-03 00:00:00

The National Board of Revenue (NBR) has estimated a total of Tk 110 billion loss in revenue collection after the government waived import taxes on Liquefied Natural Gas (LNG). Officials said the gas sector is one of the largest revenue...

Govt's tax revenue from DSE slumps 30pc in Q1

Babul Barman | 2018-10-03 00:00:00

The government's revenue earnings from the Dhaka bourse fell 30 per cent in the first quarter (Q1) of the current fiscal year (FY) compared to the same quarter a year ago as trading volume was on the decline.Market insiders said...

How sustainable banking practices can help achieve SDGs

Md Touhidul Alam Khan | 2018-10-03 00:00:00

The sustainable banking approach is based on certain principles that not only consider profit but also economic and social benefits. The main objective of sustainable banking is to maintain financial and social stability. As part of the guidelines on Corporate...

Changing trends in marketing agricultural crops

Abdul Bayes | 2018-10-03 00:00:00

History tells us that agriculture in this part of the sub-continent was based on meeting the needs of households, rather than of the market. The villages were self-sufficient; people exchanged goods and services within the village mainly on barter basis....

Fashioning a merit-based civil service

Kamal Uddin Ahmed | 2018-10-02 00:00:00

The 1997 World Development Report emphasised that "Making a meritocracy of the civil service helps bring in high-quality staff, confers prestige on civil service positions, and can do a great deal to motivate good performance." Indeed, studies and research show...

Separate unit to manage MNC tax

Doulot Akter Mala | 2018-10-02 00:00:00

The national revenue authorities have decided to open a dedicated unit to handle tax files of the multinational companies (MNCs) operating in Bangladesh.The International Tax Unit (ITU) at the National Board of Revenue (NBR) has been proposed to administer hassle-free...

Five more sectors may get incentives under PPP

Rezaul Karim | 2018-10-02 00:00:00

Projects under five more sectors are likely to be made eligible for government incentives under the public-private partnership (PPP) initiative, officials said.The finance minister has recently asked the authority concerned to take necessary steps in response to a proposal put...

Move to tap maritime resources for development of coastal areas

Talha Bin Habib | 2018-10-02 00:00:00

The government has moved to tap maritime resources for the economic development of the country's coastal areas, officials said. The ministry of fisheries and livestock (MoFL) and the Bangladesh Water Development Board (BWDB) are now jointly working to prepare an...

Net foreign fund in stocks rebounds after five months

Babul Barman | 2018-10-02 00:00:00

Net foreign fund in stocks turned positive last month after remaining negative over the period of last five months as overseas investors were putting fresh funds to take advantage of 'lucrative' price level.The overseas investors bought shares worth Tk 2.47...

Gandhi's legacy: The never-ending quest for peace

Helal Uddin Ahmed | 2018-10-02 00:00:00

As the twentieth century was drawing to a close, three names were frequently mentioned in the media as top contenders for the title of 'Man of the Century'. One was Adolf Hitler - the notorious German dictator hated worldwide for...

DCCI to hold int'l confce to promote investment inflow

Talha Bin Habib | 2018-10-01 00:00:00

The Dhaka Chamber of Commerce and Industry (DCCI) will hold an international conference in the capital at the end of this month to encourage increased local and foreign investment inflow in the country. Local and foreign dignitaries and businessmen will...

Indian investors raise taxation concerns

Doulot Akter Mala | 2018-10-01 00:00:00

Major Indian investors in Bangladesh have raised a set of concerns over taxation-related matters, including taxes on the repatriated profit.The concerns came at a recent meeting of India's CEO Forum held in Dhaka.Country heads of the Indian companies made their...

Focus on fully access-controlled highways for speedy, safe traffic

Munima Sultana | 2018-10-01 00:00:00

The country is yet to have an expressway for fast moving traffic though transport experts consider such infrastructure to be a 'milestone' of economic development.Experts said the focus of Roads and Highways Department (RHD) is more on development of highways,...

Life in our twilight years

Maswood Alam Khan | 2018-10-01 00:00:00

Sixty years ago, she had struggled to cope with her husband and created a rapport with her mother-in-law as a new bride. She was a typical housewife in a village. She would rise early in the morning, do all the...

For the welfare of older persons in the country

Muhammad Quamrul Islam | 2018-10-01 00:00:00

The United Nation's (UN) International Day of Older Persons is observed annually on October 01 by all UN member states to recognise the contributions of Older Persons and examine issues that affect their lives. The United Nation's General Assembly had...

Disappearance of Hemanta

Neil Ray | 2018-10-01 00:00:00

Mid-Aswin means this part of the world is well set in the cyclic order of Hemanta-the fourth season on Bangla calendar. There exists a love-hate relationship between the Bangalees and this season. In rural lore, one of these months -Kartic-comprising...

The fallacy of falling household debt

Shamsul Huq Zahid | 2018-10-01 00:00:00

Anyone unaware of financial terminology may be misled by the heading, 'Family debt lowest in 14 years' of the front-page lead story of the last Sunday's issue of the Financial Express. The heading may lead one to draw the conclusion...

Sluggish transactions of tradable government securities

Asjadul Kibria | 2018-10-01 00:00:00

Secondary transactions of tradable fixed income securities of the government in recent months have witnessed a sluggish trend. It is the demand in the market which ultimately determines the volume of transactions, and hence the sluggish trend may reflect some...

Spreading agent banking throughout the country

Mir Mahmudul Haque Chowdhury | 2018-09-30 00:00:00

Agent banking is the form of banking that includes limited scale of banking and financial service through persons or agents under a valid agency agreement across the country, especially in remote areas. An agent is a third-party owner of an...

Managing the global factor better

Mohamed A. El-Erian in Seattle, USA | 2018-09-30 00:00:00

Imagine a world in which the annual meetings of the International Monetary Fund (IMF) were more client-driven. Ahead of the gathering - this year's will take place in Indonesia in October - the IMF would solicit from its 189 member...

Two myths of the 2008 meltdown

Nicola Gennaioli and Andrei Shleifer in Cambridge, Massachusetts, USA | 2018-09-30 00:00:00

Over the last decade, research by many economists, including us, arrived at a broadly shared narrative of the 2008-2009 financial crisis. As we describe in our new book, A Crisis of Beliefs: Investor Psychology and Financial Fragility, the fundamental cause...

Rise of the ultra rich and decline of the middle class

Abdul Hannan | 2018-09-29 12:00:00

  My 7-year-old grandson Ozayer is excited and crazy about buying a cow for sacrifice for the Eid-ul Azha. He is very popular in our immediate neighbourhood in Dhanmondi Residential Area and has easy access to many apartments. He makes...

Duty drawback for exporters sans any inspection report

Doulot Akter Mala | 2018-09-29 00:00:00

The exporters who are outside the bonded warehouse facility can receive duty drawback without showing physical inspection reports of export items.The National Board of Revenue (NBR) has relaxed the mandatory provision of showing such reports for getting drawback through issuing...

Ctg port to prioritise gearless ships as new gantry cranes arrive

Syful Islam | 2018-09-29 00:00:00

The Chittagong Port Authority (CPA) has planned to give priority to gearless vessels to call the port as three new key gantry cranes arrived and more are scheduled to reach next month, officials said.A gearless ship is the one that...

Unsettled import payments reach all-time high

Siddique Islam | 2018-09-29 00:00:00

The central bank has warned seven banks as unsettled import payments reached an all-time high of US$ 39 billion until August 31 this year, officials said.The country's overall import outstanding shot up by more than 64 per cent or $15.46...

Stocks keep losing as major sectors plunge

Babul Barman | 2018-09-29 00:00:00

Stocks extended the losing streak for the fourth straight week that ended on Thursday as risk-averse investors continued their selling spree on large-cap stocks.Market insiders said the ongoing pessimism coupled with fear of political unrest ahead of the upcoming national...

Govt to finalise MoU on trade portal soon

Talha Bin Habib | 2018-09-29 00:00:00

The government is set to finalise the draft memorandum of understanding (MoU) on National Trade Portal (NTP) next month, officials said. In line with the move, the ministry of commerce (MoC) will sit with all the government ministries, departments, agencies...