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Technologies for small business owners

Radyan Rahave, Farhana Liza, Shormin Akter, Jakia Hasan and Ommey Kulsum Kolly | 2018-07-28 00:00:00

You need to have a website in today's world. Website is a money-making tool. When you are sleeping or even closing the shop, your website is still doing business for you. It is generating revenue without any intervention. It is...

The promise of inclusive education

Alice Albright | 2018-07-28 00:00:00

Ali Moussa and Mahmoud are sixth graders in Zanzibar. Both boys are nearly blind and use recording devices and braille machines to read. But, thanks to their school and teacher, they are able to keep pace with their peers in...

Leveraging agriculture for nutrition

Abdul Bayes | 2018-07-28 00:00:00

While the role of agriculture has been recognised as a supplier of food in the past, very little attention has been reportedly paid on its role in the mitigation of malnutrition. It is thus no wonder that Bangladesh has been...

Not panacea for banking sector problem

Mohammad Dulal Miah | 2018-07-28 00:00:00

Our banking system is currently passing through a critical financial phase due to some problems accumulated over the years. The problems have been kept intervention-free for a while hoping that the system will find its own way out. However, the...

Meeting private sector healthcare challenges

Dalia Rahman | 2018-07-28 00:00:00

Bangladesh has achieved remarkable progress in the health sector, particularly in reducing maternal and infant/child mortality rates significantly. Life expectancy at birth increased significantly from 44 years in 1970 to 72 years in 2016. Interestingly, Bangladesh has made much improvement...

The rise of ubiquitous food joints

Nilratan Halder | 2018-07-28 00:00:00

A sort of quiet kitchen revolution is on in this capital right at this moment. Just imagine the feeling when one day someone discovers to his/her utter surprise that a restaurant -not gimmicky but serving Italian, Mexican and South Indian...

Banks now can lend more as BB revises ADR calculation

Siddique Islam | 2018-07-27 00:00:00

The country's commercial banks have been empowered to lend more, as the central bank has revised the advance-deposit ratio (ADR) calculation formula relaxing their reserve requirement.According to the revised formula, the banks are now eligible to add net investment in...

Road Transport Act unlikely before next nat'l election

Munima Sultana | 2018-07-27 00:00:00

There is no possibility to get the Road Transport Act (RTA) passed by parliament before the next national election, said sources. But it is necessary to pass and implement the much-talked act to bring discipline in the country's chaotic road...

MoS to buy crane for Mongla Port from German co

Talha Bin Habib | 2018-07-27 00:00:00

The Ministry of Shipping (MoS) is going to sign a deal with a German company next week for purchasing a mobile harbour crane for the Mongla Port, officials said."We are going to sign a deal for buying a mobile harbour...

Disquieting message from HSC results

Nilratan Halder | 2018-07-27 00:00:00

When the education minister claimed that it did not matter 'to us' if the trend of results looked positive or negative because the emphasis was on raising the standard of education, the claim was clearly off target. Again, he stated,...

Developing countries need to speak out and act

Martin Khor in Penang, Malaysia | 2018-07-27 00:00:00

The escalating trade war initiated by United States President Donald Trump is a major threat to world trade and the global economy. The developing countries will be among those most affected. It is time for them to respond and speak...

Contest helps young people develop branding knowledge

Nabila Anzum | 2018-07-26 12:00:00

The core to generating sustainable customer demand for a product is the term we know as ‘branding’. In this competitive world to make the most out of demand generation, marketers need to keep up brand promise and create position. As...

Islamic banking practice needs to be reformed

Afzalul Haq | 2018-07-26 12:00:00

Islamic banks collect their profit-sharing deposits on the basis of Mudaraba principle. According to this principle, the depositors are supposed to get profit on the basis of predetermined income sharing ratio, unlike that of a conventional bank. In case of...

Capital market continues to lose its depth

Mohammad Mufazzal | 2018-07-26 00:00:00

The country's capital market is now performing worse than any time in last 10 years.The ratio of market capitalisation to GDP, one of the major indicators of measuring depth of a market, was less than 17 per cent in fiscal...

Muhith for aligning gas price with tax benefits for LNG

Doulot Akter Mala | 2018-07-26 00:00:00

Finance minister AMA Muhith has sought recommendations from the energy ministry to align gas price with the proposed tax cut for import and supply of Liquefied Natural Gas (LNG).In a note, the finance minister said the Ministry of Energy and...

Rising temperatures to threaten productivity

Sarwar Md. Saifullah Khaled | 2018-07-26 00:00:00

Rising temperatures increase incidence of heat stress and health risks leading to reduced productivity. In its new report titled 'World Employment and Social Outlook 2018', the International Labour Organisation (ILO) came up with the observation that in some countries of...

Freedom of press and protection of privacy

FR Chowdhury from London | 2018-07-26 00:00:00

It was Wednesday, July 18, 2018. I was still on my morning breakfast listening to television news. The headline news was about a court verdict that gave £210,000 in compensation to Sir Cliff Richard for breach of his privacy by...

RMG sector: Minimum wage conundrum

Asjadul Kibria | 2018-07-26 00:00:00

The good news is that the representatives of both the employers and workers of the ready-made garment (RMG) sector have submitted their proposals for minimum monthly wage of RMG workers to the Minimum Wage Board for the garments industry. The...

DEE project progresses at snail's pace

Munima Sultana | 2018-07-25 00:00:00

Only 10 per cent progress has been made in the Dhaka Elevated Expressway (DEE) project, although the first phase work from Uttara to Mohakhali was supposed to be completed by this time.Sources said the implementing agency has so far made...

Profit-sharing principle of Mudaraba distorted by Weightage method

Afzalul Haq | 2018-07-25 00:00:00

A recent FE report on the workshop on 'Islamic Banking Operation of Banks' organised by the Bangladesh Institute of Bank Management (BIBM) has highlighted a significant aspect of Islamic banking in Bangladesh. The Review paper of the workshop quoted two...

Djibouti seeks to transform from a military hub to a major trade centre

Li Ruohan in Djibouti | 2018-07-25 00:00:00

Though one of the smallest countries in Africa, Djibouti is aiming to become the shipping, trade and business centre of the continent, or the "Dubai of Africa," with ambitious projects co-developed by Chinese investors. However, whether the country, whose unemployment...

Earthquake round the corner!

Helal Uddin Ahmed | 2018-07-25 00:00:00

The world experiences millions of earthquakes each year. But not many can be felt because of their low intensity and magnitude. Generally, a few catastrophic earthquakes occur each year, such as the one that hit Port-au-Prince of Haiti in 2010...

NBR review body to scrutinise draft of new income tax law

Doulot Akter Mala | 2018-07-24 00:00:00

The National Board of Revenue (NBR) has formed a review committee for scrutinising draft of the new income tax law to assess its possible impact after implementation.The newly-formed body would also conduct a study to align the draft income tax...

Supply chain financing: Bangladesh perspective

Rafiqul Islam and A. S. M. Ahsan Habib | 2018-07-24 00:00:00

All types of financing are associated with risks. Banks or financial institutions want to increase their financial operation without increasing their risks. Supply chain financing is a short-term financing facility that reduces the risk among suppliers, distributors and financial institutions....

Trump is in denial about North Korea

Kent Harrington in Atlanta, USA | 2018-07-24 00:00:00

No one yet knows what deals US President Donald Trump may have struck with Russian President Vladimir Putin during their private two-hour meeting in Helsinki. But it is already clear that Trump's self-congratulations for striking a deal to "denuclearise" the...

Open Banking - a new era of smart relationship

Md. Abdul Kader | 2018-07-24 00:00:00

Banking is about to undergo a major shift. Whether we bank in person, over phone, online or mobile, our relationships with banks have not changed much alongside technological advancements. With the arrival of Open Banking, all that is going to...

Changing faces of rural labour

Abdul Bayes | 2018-07-24 00:00:00

An array of activities is being carried out in the rural areas by labourers accounting for nearly half of the country's total labour force. Their varied activities can be classified broadly into two categories. First, there are household works -...

The political economy of development

Hasnat Abdul Hye | 2018-07-24 00:00:00

In a recent public lecture at a private university in Dhaka an expatriate Bangladeshi economist reportedly made a strong case for democracy emphasising that there is a strong co-relation between this popular political system and economic development. According to available...

Errant drivers to lose licence

Munima Sultana | 2018-07-23 00:00:00

Errant drivers of CNG-run autos are going to lose their driving licences for overcharging passengers with a cynical disregard for using meters.The government will go heavy-handed with the wayward drivers with steps like cancellation of their licences for not running...

Pvt sector credit growth exceeds target in June

Siddique Islam | 2018-07-23 00:00:00

Private sector credit growth exceeded the target, set by the central bank earlier, in June despite a declining trend in recent months, officials said.The growth in credit flow to private sector came down to 16.95 per cent in June 2018...