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Ensure common valuation of imported goods: NBR

Doulot Akter Mala | 2018-08-03 00:00:00

The Customs Wing of National Board of Revenue (NBR) issued a standing order on Wednesday to ensure common valuation process of imported products in a bid to check under-invoicing.As per the latest order, all consignments of the imported goods will...

Guide to updated import taxes

Doulot Akter Mala | 2018-08-03 00:00:00

Fiscal measures play an important role in business activities. Both local and foreign investors frame their business plans on the basis of new fiscal measures shown in national budgets every year. Projection of profits and losses in business depends on...

Protecting displaced, refugee children

S. M. Rayhanul Islam | 2018-08-03 00:00:00

Throughout history, migration has been a part of human experience. For many people, including children and their families, leaving home to settle in a new community is a milestone in the search for educational or employment opportunities. For some, migration...

Student protest against road anarchy

Nilratan Halder | 2018-08-03 00:00:00

Dhaka city has been in turmoil for consecutive five days. For the last few days, the capital virtually came to a standstill. Students, those of colleges in particular, took over the city roads. They demand road safety, protesting the continued...

US-Russia relations after Helsinki

Kamal Uddin Ahmed | 2018-08-03 00:00:00

In the conduct of international relations, there are no permanent foes and no permanent friends, but only permanent interests. Thus, Lord Palmerston who served twice as the Prime Minister of the United Kingdom in the mid-19th century, said: "We have...

Establishing linguistic rights as legal rights

Md. Nayem Alimul Hyder | 2018-08-02 12:00:00

Language is a system of spoken, manual, or written symbols by means of which human beings, as members of a social group and participants in its culture, express themselves. The functions of language include communication, the expression of identity, play,...

BD’s share in global apparel export mkt reaches 6.46pc

Asjadul Kibria | 2018-08-02 00:00:00

The share of Bangladesh in the global apparel export market reached 6.46 per cent in 2017, according to the latest statistics released by the World Trade Organisation (WTO).The country's share in the global export of apparel products was 6.36 per...

Ministry rushes to pass shelved road safety act

Munima Sultana | 2018-08-02 00:00:00

Both the ministries of road transport and bridges and law have woken up to pass the shelved draft act on road safety.The matter of the passage of the law came to the fore amid protests to bring culprits into book...

Imran Khan could make the difference in Pakistan's politics, perhaps

M. Serajul Islam | 2018-08-02 00:00:00

In a hung parliament, Imran Khan (IK), the superstar from the world of cricket, led his Pakistan Tehrik e Insaf (PTI) party to win 115 seats against 64 seats by the party in power the Pakistan Muslim League-Nawaz (PML-N) and...

Price Pakistan pays for its IMF addiction

Nadeem ul Haque in Islamabad | 2018-08-02 00:00:00

After Pakistan's recent election, Imran Khan and his Pakistan Tehreek-e-Insaf (PTI) party are now forming a new government. As usual, it will be greeted by an economic crisis. A trip, cap in hand, to the International Monetary Fund (IMF) seems...

PM’s directives go unheeded

Munima Sultana | 2018-08-01 00:00:00

Three ministers concerned are yet to sit together even one month after Prime Minister Sheikh Hasina gave directives to monitor the traffic management system and hold meetings from time to time, sources said.The Prime Minister in a cabinet meeting on...

Promoting ecotourism to secure tourist hotspots

Helal Uddin Ahmed | 2018-08-01 00:00:00

The tourism sector holds enormous potential for gearing up the country's GDP growth. The government has already formulated a National Tourism Policy, the main objective of which is to attract investments from local and foreign entrepreneurs in the sector. But...

From Brexit to referendum on 2016 vote

Anatole Kaletsky in London | 2018-08-01 00:00:00

If something is impossible, it does not happen. If a country votes to make two plus two equal five, this "democratic decision" will eventually be overridden by the rules of arithmetic, no matter how large the majority or how loudly...

Study suggests more perks for SEZs in lagging regions

Doulot Akter Mala | 2018-07-31 00:00:00

The Special Economic Zones (SEZs) located in the country's rather backward regions need more lucrative incentive packages compared to the SEZs in the developed areas to attract investors, a study opined.The investors will be able to overcome locational disadvantages, if...

Trump and US media: The competition of 'fake' news

M A Taslim | 2018-07-31 00:00:00

Disclaimer: This paper could be regarded as the view of a non-specialist. The Trump-Putin summit generated a rather bizarre reaction in the US media. By and large the summit was regarded in the rest of the world as a good...

Concerns about current account deficit

Abdul Bayes | 2018-07-31 00:00:00

Current account (CA) is the most important component of the balance of payments (BOP) of a country. In one sense, its net position reflects health of the economy in terms of competitiveness in the international market. The items in CA...

Working together for curbing human trafficking

William Lacy Swing | 2018-07-31 00:00:00

The world's workforce has never been more mobile-from the gardener in California to the banker in Singapore. Whether it's the dishwasher in Rome or the designer in London, we recognise human ambition is on the move, everyone-skilled or unskilled, with...

Japan to help build another mass transit corridor

Munima Sultana | 2018-07-30 00:00:00

The government is likely to get highest-ever funds from Japan to construct next mass transit corridor from Hazrat Shahjalal International Airport (HSIA) to Kamalapur Railway Station.The assurance about around US$ 6.0 billion was given during the meetings between the ministry...

Now businesses can import more products thru LCSs

Doulot Akter Mala | 2018-07-30 00:00:00

Businesses will now be able to import an increased number of products from India through the country's land customs stations (LCSs).In a Statutory Regulatory Order (SRO) dated July 17, the National Board of Revenue (NBR) has increased the number of...

Muhith sees no reason to raise hue and cry

Rezaul Karim | 2018-07-30 00:00:00

Finance Minister AMA Muhith has said there is no reason to raise a hue and cry over alleged mismatch in gold preserved at the central bank vault."I have tried to get information about security system in the Bangladesh Bank (BB)...

Early flood control project in ‘haor region’ fails to achieve progress

Iqbal Siddiquee | 2018-07-30 00:00:00

SYLHET, July 29: The ambitious project for early flood control and irrigation in six low-lying districts, known as 'haor region' could not achieve desired progress for reasons even after time extensions.The progress of the work is only 38.5 per cent...

Bangladesh yet to develop financial derivatives mkt

Sk. Shamim Iqbal | 2018-07-30 00:00:00

In recent years, derivatives markets have grown by leaps and bounds in emerging economics. Given the high level of economic and financial risks faced by market participants and investors in emerging countries, derivatives contribute to a country's economic development by...

Dupery with a difference

Neil Ray | 2018-07-30 00:00:00

That rickshaw-pullers in this city fall victim to mugging is nothing new. But a story related by one such puller should leave anyone speechless by the element of surprise and shock with which the poor man was ripped off. The...

Challenges before IoT in Bangladesh

Kamal Hossain and Anuron Rahman | 2018-07-30 00:00:00

The year 1990 brought a new dimension to the world of technological advancement when the modern internet, invented by computer scientist Berners-Lee, with World Wide Web (www) was introduced to the world. Since the invention of the internet the world...

NBR detects evasion of Tk 8.7b in tax

Doulot Akter Mala | 2018-07-29 00:00:00

Income tax intelligence and investigation cells across the country have uncovered tax evasion worth Tk 8.71 billion.The two wings of the National Board of Revenue (NBR) have detected the evasion after scrutinising some 2,847 cases since their inception.According to revenue...

Xi's Africa tour shows relations in new light

Laetitia Tran Ngoc | 2018-07-29 00:00:00

July 20 marked the beginning of a state visit that took President Xi Jinping to Senegal, Rwanda, South Africa and Mauritius. President Xi's fourth trip to Africa sheds light on a promising relationship that has become central to international relations...

Saving tiger population from extinction

Tarequl Islam Munna | 2018-07-29 00:00:00

July 29, Global Tiger Day comes as a reminder of a crisis: Tiger population in Bangladesh has been on the decline for many years now. And Tiger is an endangered species, globally. The reasons are aplenty - poaching, loss of...

Globalisation, inequality, convergence, divergence

Jomo Kwame Sundaram in Kuala Lumpur, Malaysia | 2018-07-29 00:00:00

Economic divergence among countries and regions was never pre-ordained. According to the late cliometrician Angus Madison and other economic historians, the great divergence between the global North and South, between developed and developing countries, began around five centuries ago, from...

Dealing firmly with coal scam

Dealing firmly with coal scam | 2018-07-29 00:00:00

Prime Minister Sheikh Hasina has ordered for reinvestigating the Barapukuria coal mine scam and bringing the people responsible for the crime to book as quickly as possible. Perusing the first probe report on the scam, State Minister for Power and...

Ministries dragging their feet over tapping blue economy

Rezaul Karim | 2018-07-28 00:00:00

The government's move to tap the blue economy has hardly made any progress over the past three years mainly due to dilly-dallying attitude of the ministries concerned, officials said.The Prime Minister's Office (PMO) at a recent review meeting expressed dissatisfaction...