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Reflecting on the state of FDI

Saleh Akram | 2018-05-26 00:00:00

The phenomenon of foreign direct investment (FDI) in Bangladesh has not been particularly bright for several years. It has been stagnating at around 1 per cent of the country's GDP. In contrast, FDI inflow to Vietnam, China and India was...

Gender parity in jobs deserves priority

Helal Uddin Ahmed | 2018-05-26 00:00:00

The publication of labour force survey reports on a quarterly basis since July 2015 has been a laudable initiative undertaken by the present government. It is proving itself to be a prime source of labour statistics and helping measure progress...

'One Belt, One Road' and South Asian geopolitics

Syed Neyamul | 2018-05-26 00:00:00

The 'One Belt, One Road' (OBOR) initiative is a foreign policy and economic strategy of the People's Republic of China. The term derives from the overland 'Silk Road Economic Belt' and the '21st-Century Maritime Silk Road', concepts introduced by Chinese...

A royal wedding and mellowed British monarchy

Abdul Hannan | 2018-05-26 00:00:00

What was remarkable and of profound significance behind the pomp and pageantry of the attending Royal family celebrities and glitteretti at the Royal wedding of Meghan Markle with Prince Harry was the acceptance of the bride into the Royal family...

Khulna-Mongla rail project cost set to escalate

Munima Sultana | 2018-05-25 00:00:00

Khulna-Mongla rail project is set to be costlier as half the work, including construction of a rail bridge over the Rupsha, is yet to be completed.The project under Indian Line of Credit (LoC) is unlikely to meet the June 2018...

Envoy Textiles witnesses steady revenue growth in last five years

Mohammad Mufazzal | 2018-05-25 00:00:00

Envoy Textiles, a fashion denim manufacturer and exporter, witnessed a steady growth in revenue earnings during the last five years. The company, however, showed mixed performance in making profit and paying dividend during the period.Talking to the FE, the officials...

The haze around mango ripening

Shamsul Huq Zahid | 2018-05-25 00:00:00

Consumers now have fair reasons to be confused over the issue of ripening mangoes and other fruits using 'hazardous' chemicals. The source of their confusion surely is a newspaper report on the effect of the use of certain chemicals for...

The challenge of publishing textbooks

Nilratan Halder | 2018-05-25 00:00:00

A row over printing of textbooks among printing presses, publishers and the National Curriculum and Textbook Board (NCTB) has made availability of such books for the new batch of higher secondary students uncertain. A report published in a Bangla contemporary...

Challenges to Mahathir — Islamism and regionalism

Wong Chin-Huat in Penang, Malaysia | 2018-05-25 00:00:00

On May 09, Malaysia's political canvas was redrawn with a single election. By returning the 92-year-old Mahathir Mohamad to the job of prime minister, voters ended 61 years of uninterrupted rule by the United Malays National Organisation (UMNO). Within days,...

Jobless growth, really?

Kazi Iqbal and Md Nahid Ferdous Pabon | 2018-05-24 12:00:00

The growth narrative of a developing country takes a long time to assume a mature shape and this is more true for a country like Bangladesh, which is in transition and the sources of growth are multiple and complex. Ideally,...

Youths generate ideas for sustainable businesses

Muhaiminul Islam | 2018-05-24 00:00:00

Intending to solve various problems which people face in our everyday life in this society, Young Sustainable Impact (YSI) started its journey in Bangladesh from August last year. YSI is an international organisation that brings together the best young entrepreneurial...

A crisis playbook for Big Tech

Alexandra Borchardt in Oxford | 2018-05-24 00:00:00

The predictions were wrong: the global economy didn't collapse after the 2008 financial crisis. Buoyed by taxpayer-financed bailouts, banks recovered and business at most institutions stabilised. But if there is one lingering casualty of that era, it is the erosion...

Good governance in budget spending

Asjadul Kibria | 2018-05-24 00:00:00

Another national budget is set to be announced. The finance minister AMA Muhith will place the budget for the fiscal year (FY) 2018-19 in Parliament on June 7. Trade bodies have submitted their demands and are now busy with last...

Mercantile Bank aims higher as founding day nears

Special Correspondent | 2018-05-23 12:00:00

Mercantile Bank Limited (MBL) has emerged as one of the top private commercial banks (PCBs) in terms of the overall business growth, its top executive said."We are a third generation PCB, but in many cases, we have surpassed the achievements...

Dr. Reddy's Q4 profit falls

Dr. Reddy's Q4 profit falls | 2018-05-23 00:00:00

BENGALURU, May 22 (Reuters): Indian generic drugmaker Dr. Reddy's Laboratories Ltd posted a 19 per cent drop in quarterly net profit on Tuesday, missing analysts' estimates, pulled down by headwinds in the US market.The company's net profit, for the quarter...

Nepal seeks time to sign protocol

Munima Sultana | 2018-05-23 00:00:00

Implementation of the four-nation motor vehicle agreement (MVA) is once again facing interruption as Nepal seeks time to further scrutinise the sub-regional deal.Sources said the passenger protocol of the MVA, which was due to be signed by three out of...

New customs law unlikely to come into force from next FY

Doulot Akter Mala | 2018-05-23 00:00:00

The new customs law is unlikely to come into force from the fiscal year (FY) 2018-19 as the National Board of Revenue (NBR) has yet to complete the process of placing the act before parliament.Officials said the law ministry has...

NBR seeks govt help to realise VAT, SD arrears from Petrobangla

Rezaul Karim | 2018-05-23 00:00:00

The revenue board has sought help from the government to realise Tk 212 billion in VAT and SD arrears from Petrobangla, officials said."It is very urgent to pay outstanding dues for achieving the revenue target," Chairman of the National Board...

Global climate fund seeks legal immunity, tax waiver

Syful Islam | 2018-05-23 00:00:00

A global climate fund supporting the efforts of developing countries seeks enjoying immunity from legal process and other privileges from Bangladesh, officials said.The board of the Green Climate Fund (GCF) recently forwarded a draft of an agreement to Bangladesh for...

Is Big Tech destroying retail markets?

Maria Gonzalez-Miranda and Ivailo Izvorski in Washington, DC | 2018-05-23 00:00:00

Information technology is not just transforming markets; it is also making them ubiquitous, particularly for household consumers. From pretty much anywhere in the world, one can now search out goods and services, compare prices from multiple sellers, and give detailed...

Lessons from America's forgotten default

Sebastian Edwards in Los Angeles | 2018-05-23 00:00:00

One of the most pervasive myths about the United States is that the federal government has never defaulted on its debts. Every time the debt ceiling is debated in Congress, politicians and journalists dust off a common trope: the US...

Salt output misses target, reliance on imports grows

Abdul Monayem Khan | 2018-05-22 12:00:00

COX'S BAZAR, May 20: Salt production in the country fell short of the target this year also in continuation of the trend of last few years leading to the country's growing dependence on imports.The current season fetched a salt output...

Rural people's perception of development

Abdul Bayes | 2018-05-22 12:00:00

Perhaps we need no social scientist to explain the enviable progress and change that has taken place in rural areas. We held a series of dialogues in courtyards of households or while walking along the aisle of paddy fields to...

13 industrial units win President's Award

Talha Bin Habib | 2018-05-22 00:00:00

The government will confer awards on 13 industrial units today (Tuesday) for their outstanding contributions to economic development of the country.The 'President's Award for Industrial Development-2016' will be given to the winners under heavy, medium, small, micro, cottage and high-tech...

IFC offers $40m loan to lower middle-income group

Rezaul Karim | 2018-05-22 00:00:00

The International Finance Corporation (IFC) has proposed investing up to US$ 40 million in a state-run financial entity in the form of loans to the lower middle-income people in Bangladesh, officials said.According to its Articles of Agreement, the private sector...

BB ups export loan ceiling for textiles, apparel makers

Siddique Islam | 2018-05-22 00:00:00

The central bank has raised the loan limit of garment and textiles producers under its Export Development Fund (EDF) to help boost income from outbound shipment, officials said."It has now been decided to enhance the limit of US$ 20 million...

New device set to replace ECR

Doulot Akter Mala | 2018-05-22 00:00:00

The National Board of Revenue (NBR) is set to make use of Electronic Fiscal Device (EFD) mandatory for businesses from the upcoming fiscal year, officials said.This will scrap the existing order for ECR installation.Such device will be interconnected with the...

Gaza border carnage isolates the USA and Israel

Kamal Uddin Ahmed | 2018-05-22 00:00:00

The indiscriminate bloodbath and wounding of protesting Palestinians at the Gaza border, perpetrated by the Israeli defence forces on May 14, 2018, was the deadliest incident since 2014 in the Israel-Palestine conflict. At least 60 Palestinians were killed and more...

Policy instruments: Monetary policy

Hasnat Abdul Hye | 2018-05-22 00:00:00

As a policy instrument, monetary policy is of recent origin, particularly in relation to fiscal policy. It was not until the nineteenth century that the question of monetary policy came to be investigated systematically. It was taken up by theoretical...

BB begins special probe

Siddique Islam | 2018-05-21 00:00:00

The central bank has started carrying out a special inspection to detect irregularities relating to foreign exchange reporting by the commercial banks, officials said.Three inspection teams of Bangladesh Bank (BB) started on-site inspection Sunday to find out alleged 'misreporting' on...