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Energising cross-border power sector cooperation in South Asia

Jahangir Bin Alam | 2018-09-11 00:00:00

South Asian countries facing challenges in efficiently meeting growing electricity demand can benefit from increased cross-border electricity cooperation and trade by harnessing complementarities in electricity demand patterns, diversity in resource endowments for power generation, and gains from larger market access....

Rural labour: Real wage rate increasing

Abdul Bayes | 2018-09-11 00:00:00

Labour market in rural areas has undergone radical changes over the couple of decades. This owes both to demand and supply side effects. In the 1980s, for example, about 30 per cent of the income of functionally landless households used...

Rohingya crisis: Global sympathy is not enough

Asjadul Kibria | 2018-09-11 00:00:00

Bangladesh has been bearing the heavy cost of sheltering the illegal Rohingya refugees in terms of economy, social security and environment. International Chamber of Commerce-Bangladesh (ICCB) has expressed deep concern over the Rohingya crisis. In the editorial of its latest...

Govt may review tanners' plea

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

The government is likely to reconsider the cost share of tanners to construct a CETP (common effluent treatment plant) at Savar, officials said.The development came following repeated requests from tanners at Savar Leather Industrial Park.Finance Minister AMA Muhith recently asked...

Four SoCBs, ICB to invest Tk 10b

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

Four state-owned commercial banks (SoCB) and a financial institution will invest Tk 10 billion (1000 crore) more in the troubled Farmers Bank Limited (FBL) through subscribing subordinated bonds.The latest development came in a review meeting of the FBL held at...

Nat'l industrial fair in November

Rezaul Karim | 2018-09-10 00:00:00

A national industrial fair (NIF), first of its kind in the country, will be held in November aiming to promote the industrial sector further.Apart from different committees and subcommittees, the industries ministry has already formed a coordination committee, headed by...

Curing Dhaka's diseased lungs

Neil Ray | 2018-09-10 00:00:00

Hatirjheel was supposed to be the lungs of Dhaka City. It had all the makings of becoming so. But alas, for the horrendous civic sense of the authorities and the public! The apathy and lack of responsibility on the part...

Stock market: Belied expectation

Shamsul Huq Zahid | 2018-09-10 00:00:00

Many had pinned their hope on a possible turnaround in the fortune of the Bangladesh stock market following the much-hyped purchase of 25 per cent stake of the Dhaka Stock Exchange (DSE) by a Chinese consortium. But the developments in...

China investment, trade fair opens

Ismail Hossain from China | 2018-09-09 00:00:00

Thousands of business leaders and investors gathered at the opening of the 20th China International Fair for Investment and Trade on Saturday.The three-day event has been organised at the Xiamen International Conference and Exhibition Centre here.The Fujian provincial government, the...

The promise and pitfalls of AI: Fuelling economic inequality

Jacques Bughin and Nicolas van Zeebroeck in Brussels | 2018-09-09 00:00:00

Like any transformative trend, the rise of artificial intelligence (AI) poses both major opportunities and significant challenges. But the gravest risks may not be the ones most often discussed.According to new research from the McKinsey Global Institute (MGI), AI has...

Implications of NRC exclusion in India

Muhammad Quamrul Islam | 2018-09-09 00:00:00

On July 30, 2018, Assam published the final list of updated draft of National Register of Citizens. Sailesh, Register General of India, said that out of 32.99 million people who had applied, only 28.98 million were included in the draft....

Scanty rain hits veg production

Md Sayed Mofidul Babu | 2018-09-09 00:00:00

RANGPUR, Sept 08: Vegetable growers of the district are apprehensive about the expected yield of their produce this season owing to lack of rainfall.The region has not been witnessing rain for over three weeks as a result the cultivation of...

DCCI starts preparing concept paper

Talha Bin Habib | 2018-09-08 12:00:00

A leading trade body of the country has stepped up its efforts to grab a big share of the global halal products market.Keeping this in view, Dhaka Chamber of Commerce and Industry (DCCI) started preparing a concept paper for exporting...

Separate import data for Rooppur plant soon

Siddique Islam | 2018-09-08 00:00:00

The central bank is set to publish information about the import for the Rooppur nuclear power plant project separately, officials said.The import data of July 2018 will be made available next week."We'll publish import information about the Rooppur plant under...

US action against N Korean hacker a major progress: BB

Syful Islam | 2018-09-08 00:00:00

Bangladesh will examine the legal aspects of being a party to the criminal case against a North Korean hacker charged by the US justice department for cyber-attack on the Fed.In February 2016, the cyber-criminals stole US$101 million from the Bangladesh...

Stocks break five-week winning streak

Babul Barman | 2018-09-08 00:00:00

Stocks witnessed marginal correction last week, snapping a five-week winning streak, as risk-averse investors opted to book profit on sector specific stocks.Market insiders said stocks fell marginally as investors booked profit, particularly from December year-ending companies like bank and non-bank...

Bangalee life with or without Hilsha

Nilratan Halder | 2018-09-08 00:00:00

Hilsha fishing is at its utmost peak around this time every year. This year the timing has been on the spot. The catch is overwhelmingly good. One report has it that with the pulling of the net each time in...

What Lehman Brothers' failure means today

Harold James in Princeton, New Jersey, USA | 2018-09-08 00:00:00

So far this year, the world has marked the 50th anniversary of the Prague Spring (and its suppression), the centennial of the end of World War I, and the bicentennial of Karl Marx's birth. Against that backdrop, should one really...

New rules for high seas: Ensuring rights of poor nations

Essam Yassin Mohammed in London | 2018-09-08 00:00:00

Over-fishing, warming oceans and plastic pollution dominate the headlines when it comes to the state of the seas. Most of the efforts to protect the life of the ocean and the livelihoods of those who depend on it are limited...

Land and leasing: Changing contractual arrangement

Abdul Bayes | 2018-09-08 00:00:00

Rural land market in Bangladesh is very narrow and getting narrower over time. For example, land transactions almost halved from 2.0 per cent in the 1980s to 1.0 per cent or so in recent years. This implies, and as argued...

Sonali Bank seeks guarantee from govt against Tk 60b

Rezaul Karim | 2018-09-07 00:00:00

Sonali Bank has sought guarantee worth Tk 60 billion from the government to urgently meet its huge capital shortage, officials said.It also wants commission on a Tk 942 billion letter of credit (LC) opened for importing equipment and services for...

Plight of hajj pilgrims

Shamsul Huq Zahid | 2018-09-07 00:00:00

Last year, thousands of hajj pilgrims had suffered for the delay in getting valid visas from the Saudi authorities. Complexities over payment of additional fees for repeat pilgrims and services rendered by the Saudi 'moallems' were largely responsible for the...

Why are more people opting for divorce?

Nilratan Halder | 2018-09-07 00:00:00

When anywhere a divorce application is filed every hour on an average, it is understandable how the married life of the population there has gone haywire. The total number of submissions for divorce was no fewer than 50,000 in the...

FOCAC - a front to counter the West

Kamal Uddin Ahmed | 2018-09-07 00:00:00

The Forum for China-Africa Cooperation (FOCAC) is the crucial pillar in promoting China-Africa strategic relations. FOCAC summit 2018, held at the Great Hall of the People, Beijing on September 03-04, was participated by heads of states and governments, foreign ministers...

BRTC to scrap unfit buses

Munima Sultana | 2018-09-06 12:00:00

The government is going to scrap a good number of unfit buses of the state-owned Bangladesh Road Transport Corporation (BRTC).Official sources said the vehicles that have become unfit for use in streets would be scrapped.The CNG-run cheapest buses imported from...

NBR's TP Cell still a lame duck

Doulot Akter Mala | 2018-09-06 00:00:00

Transfer Pricing Cell (TPC) of National Board of Revenue (NBR) has been in a dysfunctional state during the last five years due to lack of necessary expertise and skills of taxmen on international taxation.Subsequently, NBR could not make the cell...

Govt's borrowing from banks may go up this month

Siddique Islam | 2018-09-06 00:00:00

The government is set to raise bank borrowing significantly in September as part of financing its budget deficit for the current fiscal year (FY), officials said.It may borrow upto Tk 130 billion from the banking system this month by issuing...

Can the US and Russia avert a new arms race?

Daryl G. Kimball in Washington DC | 2018-09-06 00:00:00

Five long years have passed since US President Barack Obama proposed and Russian President Vladimir Putin unfortunately rejected negotiations designed to cut their excessive nuclear stockpiles by one-third below the limits set by the 2010 New Strategic Arms Reduction Treaty...

Trump's WTO threats: A spectre of disorder in global trade system

Asjadul Kibria | 2018-09-05 12:00:00

On the last day of the last month, in an interview with the Bloomberg News, President Donald Trump threatened to withdraw the United States (US) from the World Trade Organisation (WTO). "If they don't shape up, I would withdraw from...

Govt set to introduce UN-developed index

Munima Sultana | 2018-09-05 00:00:00

The government is set to introduce an index to assess the level and quality of transport system in the capital city by evaluating the data on 10 indicators, including accidents.The Sustainable Urban Transport Index (SUTI), developed by United Nations Economic...