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Rate of interest and its market responsiveness

Noore Alam Siddiqui | 2018-07-23 00:00:00

A new debate has emerged in the financial sector - especially in the banking sector after the Prime Minister's call for the banking authorities to bring down interest rate to a single digit for boosting investment. This rate is to...

US responsible for escalated trade tensions

Ouyang Jie and Lin Lili of People's Daily | 2018-07-23 00:00:00

The US needs to take all of the responsibilities for its escalated trade tensions with China, experts warmed, pointing out that the country's accusations that China neglects differences in trade and has not taken active measures cannot hold water.China's Ministry...

Cooling the capital's environment

Neil Ray | 2018-07-23 00:00:00

Thursday, Shrabon 4, 1425 (July 19,2018) was, according to reports, the hottest or the second hottest day of the year. The highest temperature was recorded at 39 degree Celsius in Kurigram on the day. In Dhaka the temperature was 37.6...

Finding the right kind of education

Shamsul Huq Zahid | 2018-07-23 00:00:00

The pass rate (66.64) of this year's Higher Secondary Certificate (HSC) examinations is 11-year low, screamed newspapers in their July 20 issue headlines. In fact, the rate is slightly up by a few basis points from that of 2007. The...

US undermining international cooperation: Can multilateralism survive?

Kemal Dervis in Washington, DC | 2018-07-22 12:00:00

It is often said that the unipolar world order, dominated by the United States, that emerged at the end of the Cold War has lately shifted to a "multipolar" arrangement, owing to the growing geopolitical "weight" of countries such as...

Costs of opening outlets in BD among highest in the region

Doulot Akter Mala | 2018-07-22 00:00:00

The costs of opening up a single super store in Bangladesh are at least four times as much as those of neighbouring countries, according to an analysis.Businesses have to spend as high as Tk 45 million for opening up a...

Social and environmental standards for achieving SDGs

Polin Kumar Saha | 2018-07-22 00:00:00

As declared in the SDG-2030 Agenda, the transformation of society entails many changes in organizational responsibilities and services to the citizens. Both the public and private sectors have recently taken different initiatives in their transformation process aligned to the SDGs...

Masud Rana's Qazi Anwar Husain

Asjadul Kibria | 2018-07-21 12:00:00

While mystery fiction is widely recognised as a strong genre of fiction in the world literature, western literature to be precise, it is almost marginalised in the Bengali literature from the very beginning. Literary critics in Bengal generally term the...

Stocks keep falling as bank shares plunge

Babul Barman | 2018-07-21 00:00:00

Stocks posted marginal fall last week that ended Thursday as investors followed cautious stance amid ongoing earnings and dividend declarations.Brokers said some investors preferred to take diligent approach while some others continued selling shares, especially banks and financial institutions."The investors...

BKB seeks Tk 20.46b interest subsidy

Rezaul Karim | 2018-07-21 00:00:00

The Bangladesh Krishi Bank (BKB) has sought Tk 20.46 billion as interest subsidy from the government to meet its capital shortfall, finance ministry officials said.When asked, BKB managing director Md Ali Hossain Prodhania said, "We provide loans to agriculture sector...

Move to set BRTA hiring guidelines

Munima Sultana | 2018-07-21 00:00:00

The government has taken a move to prepare recruitment guidelines for Bangladesh Road Transport Authority (BRTA) in a bid to bring disciplines in the road transport sector.Sources said effort has been made to address the issues of corruption, malpractices and...

Payra channel dredging now under PPP

Syful Islam | 2018-07-21 00:00:00

The capital dredging of the main channel of Payra seaport will now be implemented under the public-private partnership (PPP), officials said.Earlier, the dredging was to be done by way of commercial financing under sovereign guarantee.An inter-ministerial panel, led by an...

Miracle Thai cave rescue operation is humanity's triumph

Nilratan Halder | 2018-07-21 00:00:00

Thailand is not particularly known as a football powerhouse even in Asia, least of all in the global context. Yet for weeks right at the time all eyes were glued to the World Cup Football tournament in Russia, a non-descript...

Land and crops in rural Bangladesh

Abdul Bayes | 2018-07-21 00:00:00

Obviously, in a country like Bangladesh with high man-land ratio reflected by a density of over 1200 people per sq.km, the pattern of land-use assumes special importance. It becomes more pertinent in the wake of shrinking agricultural land base by...

"China-US trade imbalance" is a self-serving, confusing account

People's Daily Commentator | 2018-07-21 00:00:00

The so-called "China-US trade imbalance" is one of the many excuses that the US has used for its unilateral trade protectionism. International trade is based on voluntary principle and both sides have reaped huge benefit from the cooperation over the...

Bringing about economic emancipation

Muhammad Abdul Mazid | 2018-07-21 00:00:00

Bangladesh was born through a war of liberation based on the principles of democracy, social justice, self reliance and economic emancipation, once called "the last noble cause" by Andre Malraux. Acclaimed as an independent and sovereign state in 1971, the...

Chinese, US trade policies up for review at WTO

Asjadul Kibria | 2018-07-21 00:00:00

The global trade regime is going through a turbulent time. US President Donald Trump has started a trade war by imposing higher tariffs on a slew of Chinese products. China has also retaliated. The US has threatened to impose higher...

Crust leather exports crash in FY '18

Syful Islam | 2018-07-20 00:00:00

Leather and leather goods export nosedived in the just-concluded fiscal year, battered by slow relocation process of tanneries and failure to comply with international standards, officials and industry insiders say.In the fiscal year (FY), 2017-18, the overall export from the...

Sport and sustainable development

S. M. Rayhanul Islam | 2018-07-20 00:00:00

Throughout the world sport has a popular appeal among people of all ages. It plays a great role in our life as it keeps us healthy, wealthy and active. Regular participation in sport and physical activities provides various social and...

Chattogram: Death-trap for banks?

Shamsul Huq Zahid | 2018-07-20 00:00:00

Mohammad Shahabuddin Alam, owner of SA Group, is among many businessmen who could manage loans worth billions of taka from a number of banks but, later, defaulted on repayments, deliberately or otherwise. According to a newspaper report, Mr. Alam himself...

Need for paradigm shift in transport operation

Nilratan Halder | 2018-07-20 00:00:00

Of the total 4.6 million motor vehicles registered in the country, the number of heavy versions is 202,765. A report carried in a Bangla contemporary, quoting a Bangladesh Road Transport Authority (BRTA) source, reveals that about 100,000 drivers are either...

Govt to prepare eco-friendly goods’ list

Talha Bin Habib | 2018-07-19 00:00:00

The government has started the process of identifying environment-friendly goods under its negotiations with the World Trade Organisation (WTO), officials said.Under the initiative, the designated cell of the commerce minister, which deals with the WTO affairs, has decided to prepare...

CBC suggests change in ownership in foreign cos

Doulot Akter Mala | 2018-07-19 00:00:00

The Customs Bond Commissionerate (CBC) is for imposition of restriction on issuance of bond licence to the factories having cent per cent ownership of foreign nationals.The CBC has submitted a proposal to this effect to the National Board of Revenue...

Berger Paints posts 13pc sales growth

Babul Barman | 2018-07-19 00:00:00

Berger Fosroc Ltd, a joint-venture company of Berger Paints Bangladesh and UK-based construction chemical manufacturer Fosroc International with equal stakes, is set to start commercial operation soon.The US$ 6.30 million joint-venture company has a plan to double the investment in...

Govt averse to mull over Chinese bid

Munima Sultana | 2018-07-19 00:00:00

After rejection of a Chinese company's proposal on the Dhaka-Sylhet Highway expansion project, the government is now unwilling to continue with its next proposal for development of the Chittagong-Cox's Bazar Expressway.Officials said the Ministry of Road Transport and Bridges (MoRTB)...

Future leaders dream for a better mega city

Muhaiminul Islam | 2018-07-19 00:00:00

The word 'entrepreneur' has become such a craze in Bangladesh nowadays that many young people want to be an entrepreneur after finishing their education or even while they are pursuing their degrees. Lack of proper guidelines, poor knowledge to find...

Youths listen to experts about impact of budget

Rabita Saleh | 2018-07-19 00:00:00

'Budget Talk 2018' organised by Young Economists' Forum took place on North South University (NSU) premises on July 11, 2018. The experts discussed the 2018-19 national budget. The session comprised of two phases, the inaugural phase, where all the guests...

Role of regulation in an economy

Diane Coyle in Cambridge, UK | 2018-07-19 00:00:00

One of the striking changes any rich-world traveller to low-income countries cannot fail to have missed during the past decade or so is the rapid spread of mobile phone use, followed now by expanding mobile Internet access. Mobile communications are...

Reduction of bank lending rate: Some unsavoury implications

Mirza Azizul Islam | 2018-07-19 00:00:00

The decision of the Bangladesh Association of Banks (BAB) to bring down the interest rate on lending to 9.0 per cent and that on deposit to 6.0 per cent, has become effective from July 01. But the new interest rates...

Trump-Putin summit in Helsinki leaves the world flabbergasted

M. Serajul Islam | 2018-07-18 12:00:00

President Trump made it more than evidently clear many times that he cares very little for the attempts of the Mueller investigation to find any connections between his presidential campaign and the Russians, an allegation, if proven, could have extremely...