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Mixed trend marks H1 profit earning by PCBs

Siddique Islam | 2018-07-02 00:00:00

The unaudited operating profit of the country's private commercial banks (PCBs) showed a mixed trend in the first half (H1) of the current calendar year (2018).Of the 40 PCBs, the operating profit of 14 recorded an upward trend, while that...

Summer treats linger on

Neil Ray | 2018-07-02 00:00:00

The Bangalees lovingly call Jaisthya Madhumas (the month of honey). Do any people anywhere in the world pay such a glowing tribute to a particular month? TS Eliot, in contrast, pained a most hostile picture of a month by his...

Taming unnatural price rise

Shamsul Huq Zahid | 2018-07-02 00:00:00

This has become more of a routine phenomenon that when international prices of an essential item remain in a declining trend, Bangladeshi businesses move in the opposite direction. It did happen in the case of edible oils, sugar and pulses...

What ails financial liberalisation in Bangladesh

M. A. Baqui Khalily | 2018-07-02 00:00:00

After thirty years of financial liberalisation, it seems, it is about time to say in Bangladesh, "Goodbye, financial liberalisation". During the past thirty years, we have witnessed some major transformation in the banking sector: deregulation of both deposit and lending...

Electronic BINs to replace old version

Doulot Akter Mala | 2018-07-01 00:00:00

The existing 11-digit Business Identification Number (BIN) will be considered invalid from today (Sunday), officials of the National Board of Revenue (NBR) said.From July 01, all the existing businesses will have to use the new electronic BIN (e-BIN) for carrying...

Despite defeats there were hopes

Maswood Alam Khan | 2018-07-01 00:00:00

Every defeat, every loss teaches us a precious lesson on how to improve our performance the next time. To bear defeat with poise, to accept criticism with composure, to receive honours with humility -- these are marks of wisdom, dignity...

Remembering Karunamaya Goswami

Asjadul Kibria | 2018-06-30 12:00:00

The news sent a shockwave through the circle who came to know about him. The sudden death of Dr Karunamaya Goswami on Friday night on June 30, 2017 was a bolt from the blue. He was suffering from fever and...

Road building cost likely to go up by 18pc

Munima Sultana | 2018-06-30 00:00:00

Per-kilometre road construction cost is likely to increase by 18 per cent in the country due to a new schedule of rates, sources said.Roads and Highways Department (RHD) has taken the move for making an adjustment with the prices of...

Guideline on NPL write-off underway

Rezaul Karim | 2018-06-30 00:00:00

The central bank is set to make a new guideline on writing off non-performing loans (NPLs), an official said.The Bangladesh Bank (BB) is actively considering a new strategy in the matters of writing off NPLs by the banks.The NPL problem...

Dhaka, Beijing lay groundwork for joint feasibility study

Syful Islam | 2018-06-30 00:00:00

Bangladesh expects to draw a large investment from China by signing a free trade area (FTA) agreement, trade officials have said.Both countries have started working towards a joint feasibility study on the possibility of inking an FTA deal.The first meeting...

Nine cos, two MFs raise Tk 5.41b through IPOs

Babul Barman | 2018-06-30 00:00:00

Fund raising by companies through initial public offerings (IPOs) surged by 39 per cent in the outgoing fiscal year (FY) compared to the previous fiscal.Nine companies and two mutual funds (MF) raised an aggregate amount of Tk 5.41 billion (541...

Move to tap potential of mung bean export to Japan

Talha Bin Habib | 2018-06-30 00:00:00

A move is underway to increase export of mung bean to Japan considering its huge potential in the Japanese market, officials said. As part of the move, a Japanese business delegation is going to have a meeting with the commerce...

Lanka-Bangla relations - from trading partnership to free flow of investment

Srimal Fernando and Mizly Nizar | 2018-06-30 00:00:00

Forty-five years after the establishment of formal diplomatic ties between Bangladesh and Sri Lanka, both the South Asian neighbours have undergone remarkable changes in their foreign policies. They have immense scope to deepen and flourish this multifaceted close friendship. The...

Growth with employment

Abdul Bayes | 2018-06-30 00:00:00

Bangladesh economy is growing by about 7.0 per cent per annum. It is apparently an achievement in the present-day context. But, the scenario of employment generation seems to be slow. About 2.0 million people enter the labour force every year....

Yoga for peace and harmony

Helal Uddin Ahmed | 2018-06-30 00:00:00

The fourth International Day of Yoga was observed across the globe including Bangladesh on June 21with the slogan 'Yoga for Peace'. Earlier, the India-sponsored resolution for observing the day was unanimously adopted by the UN General Assembly in December 2014,...

Well settled, yet nostalgia haunts settlers

Nilratan Halder | 2018-06-30 00:00:00

History is a witness to the fact that settlers anywhere on this globe have provided momentum to the pace of civilisation. The generation that has moved in search of a better living has done well because it opted for working...

Central bank will print 1,200m currencies and banknotes

Rezaul Karim | 2018-06-29 00:00:00

The Bangladesh Bank (BB) will print 1,200 million pieces of currencies and banknotes of various denominations in the next fiscal year (FY), 2018-19, officials said.The target is up by 5.44 per cent from FY 2017-18. The revised target was 1138.05...

Prof Yunus for ensuring zero unemployment, zero poverty

FHM Humayan Kabir, from Bangalore, India | 2018-06-29 00:00:00

Nobel laureate Professor Muhammad Yunus urged all on Thursday to keep in mind the welfare of all human beings while executing any development project.He also emphasised the need for ensuring three zeroes -- zero unemployment, zero poverty and zero net...

BD-linked money in the Swiss banks drops 27 per cent

Asjadul Kibria | 2018-06-29 00:00:00

The amount of Bangladesh-linked funds in the banks of Switzerland dropped 27 per cent last year (2017), according to the latest data released in Zurich on Thursday. The report titled 'Banks in Switzerland 2017' showed that the money held by...

Pleasure in others' misfortune was the theme

Maswood Alam Khan | 2018-06-29 00:00:00

Many of us were disconcerted to watch in the social media how people, especially Bangladeshi football fans, had enjoyed defeats of Germany to South Korea on Wednesday night! Was it out of our jealousy or the fact that Germany's misfortune...

Holes that need to be plugged

Shamsul Huq Zahid | 2018-06-29 00:00:00

Apparently for no reason, high cost of public sector development projects has emerged as a major problem in recent years. The Planning Commission that approves projects after thorough scrutiny, in a good number of cases, finds the cost of projects...

The undying spirit of football

Nilratan Halder | 2018-06-29 00:00:00

As the world is now honing in on the World Cup football in Russia, there seems to be a sharp division in the global population. On the one side, the football fanatics who live and dream football and on the...

Global Britain's Brexit delusion

Mark Malloch-Brown | 2018-06-29 00:00:00

What has happened to the United Kingdom? Ever since the June 2016 Brexit referendum, British foreign policy has all but collapsed.With the United States in retreat, Russia belligerent, and China ascendant, there's never been a better time for Britain to...

Budget 2018-19: Some core issues

Muhammad Abdul Mazid | 2018-06-29 00:00:00

It is a general perception that the national budget for the fiscal year 2018-19 has not taken adequate measures that can help the banking sector overcome the challenges it faces. Economists have warned that the crisis in the banking sector...

Trump and his racist base have taken leave of their own history

M. Serajul Islam | 2018-06-28 12:00:00

The US Ambassador to Bangladesh praised the Bangladesh Government as a "beacon of hope and inspiration" for sheltering 700,000 Rohingya refugees on the occasion of the World Refugee Day. Ironically her praise came when President Trump made it clear that...

BD set to renew trade, investment agreement with Cambodia

Talha Bin Habib | 2018-06-28 00:00:00

Bangladesh is set to renew its trade and investment agreement with Cambodia considering the potential of bilateral trade between the two countries, officials said. The trade agreement between the two states expired in 2016. During Prime Minister Sheikh Hasina's visit...

Gaming Disorder: A new disease hard to diagnose

Carmen Arroyo and Emily Thampoe in United Nations | 2018-06-28 00:00:00

The World Health Organisation (WHO) has formally added "Gaming Disorder" as a disease recognised by the International Classification of Diseases (ICD) in its 11th revision of its official collection of recognised conditions.However, since it is a very new condition, no...

In Messi Argentina trusts

Maswood Alam Khan | 2018-06-28 00:00:00

In Messi Argentina trusts, in God Messi trusts. Look, how God whispered to Messi's ears! It was the first soft touch he made to cushion the ball, then he rolled it into his choicest position, and lastly, as God wished...

Caps on interest rates: A puzzling move

Syed Ashraf Ali | 2018-06-28 00:00:00

The recent announcement by the private sector commercial banks to put caps on interest rates--6 per cent on deposits and 9 per cent on loans--would certainly be welcomed by the banks' borrowers who have long been groaning, so to say,...

AIIB seeks to finance two transport sector projects

Munima Sultana | 2018-06-27 00:00:00

The Asian Infrastructure Investment Bank (AIIB) has shown interest in financing two projects in the country's transport sector for improving regional connectivity as well as boosting trade and business.Of the projects, Sylhet-Tamabil road upgrading project is on the priority list,...