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In and out of LDC: Bangladesh case

Hasnat Abdul Hye | 2016-12-27 00:00:00

Bangladesh, along with 47 other countries, became member of LDCs (least developed countries) 45 years ago on the basis of their per capita income, literacy rate and expectation of life. As LDCs the 48 countries enjoyed a total of 136...

Literacy, skills and lifelong learning

Abdul Bayes | 2016-12-27 00:00:00

'Education Watch' is an indigenous initiative to critically assess progress in education sector, especially of primary and secondary segments. Known as the brainchild of Sir Fazle Hasan Abed, the purpose of the initiative is to enable government, donors and civil...

Japan to continue aid to metro rail project

Munima Sultana | 2016-12-26 00:00:00

Breaking the stalemate after the Holey Artisan incident, Japan has come forward to support the government in implementing another metro rail project. Officials said a fact-finding mission of Japan International Cooperation Agency (JICA), during its visit to Dhaka last month,...

Govt borrows less from banks as people rush for savings tools

Siddique Islam | 2016-12-26 00:00:00

Government borrowings from internal and external sources increased by nearly 26 per cent to Tk 205.26 billion, as on  November 22, for financing overall budget deficit, officials said. Net borrowing from the domestic sources like banking system and national savings...

UN warmly acknowledges China\'s \'Belt and Road\' initiative

Liu Jieyi | 2016-12-26 00:00:00

The 71stUnited Nations General Assembly (UNGA) agreed to pass the document A/71/9, encouraging each member state to support China's "Belt and Road" initiative to boost economy development of Afghanistan and the region. In addition, the document urged international community to...

Role of SMEs in uplifting Asian economies

Md. Joynal Abdin | 2016-12-26 00:00:00

The Small and Medium Enterprises (SMEs) are considered as the engine of growth throughout the world. About 97 per cent to 99 per cent of enterprises in Asian developing countries are SMEs. This scale could, however, be slightly different for...

Facilitating M&A process

Shamsul Huq Zahid | 2016-12-26 00:00:00

Finance Minister AMA Muhith, while receiving a 'dividend cheque' from the BDBL (Bangladesh Development Bank Limited) management on December 21, was found to be very unhappy about the existence of 'quite a big' number of banks and made a broad...

PM to attend WEF meeting in Davos

Munima Sultana | 2016-12-25 00:00:00

Prime Minister Sheikh Hasina will attend the annual meeting of the World Economic Forum (WEF) on a special invitation as Bangladesh is set to get focus in the world's prestigious forum. The forum, best known for its annual meeting in...

Bangladesh misses out on global IP reg facilities

Asjadul Kibria | 2016-12-25 00:00:00

Bangladesh made little progress in intellectual property (IP) filing while ignored applying for international patent or trademark registration of its products. As the country is not a signatory to three international treaties on patent, trademarks and industrial design, the Federation...

Lockouts disrupt production in troubled apparel hub

Jubair Hasan from Ashulia | 2016-12-25 00:00:00

An abrupt shutdown of apparel factories amid labour unrest in Ashulia has created multiple socioeconomic repercussions affecting export production, workers' livelihood and numerous dependent trades. A visit to the now-derelict area also reveals that the fallout of the mass closure...

BASIC to get Tk 26b recap fund

Syful Islam | 2016-12-24 00:00:00

The government is set to issue Tk 26 billion-worth of bonds to meet capital shortfall of the problem-ridden BASIC Bank as per requirement under the Basel-III provision, officials said. Finance Minister AMA Muhith approved Wednesday a proposal mooted by the...

PMO asks ministries to expedite implementation

Rezaul Karim | 2016-12-24 00:00:00

The Prime Minister's Office (PMO) has asked the ministries concerned to expedite implementation of proposed projects in Bangladeshi enclaves, officials said. The divisional commissioner (DC) of Rangpur has recently requested the PMO to take necessary steps for quick implementation of...

Scope opens wide for banks\' capital investment in bourses

Mohammad Mufazzal | 2016-12-24 00:00:00

 Banks' exposure on the capital market has dropped sharply to 19 per cent against stipulated 25 per cent of respective capital, yielding a wide scope for fresh investment worth around Tk 42 billion. Officials said the space for making fresh...

DSEX hits nearly two-year high on buying spree

Babul Barman | 2016-12-24 00:00:00

Stocks witnessed yet another upbeat week that ended Thursday with key index of the premier bourse hitting nearly two -year high amid growing confidence of investors. Brokers said the market maintained the upward trend for the eighth week in a...

A losing battle against smoking

Nilratan Halder | 2016-12-24 00:00:00

Smoking in public places of the country has been made a punishable offence by law. But there is no indication of making the law effective. People smoke as usual. Although prevalence of smoking has declined by 10 per cent globally...

Tapping solar energy: An option to fossil fuel

Saleh Akram | 2016-12-24 00:00:00

Energy security of Bangladesh is threatened by lack of domestic energy resources, high dependence on imported fuels and poor energy infrastructure. The country has to look for alternative energy sources other than fossil fuels. This energy is often referred to...

China\'s growth model reforms to spur global economy

Sarwar Md Sifullah Khaled | 2016-12-24 00:00:00

Economists and business leaders around the world are unanimous that China will be the growth engine of global economy despite uncertainties besting the world.  China's annual Central Economic Work Conference has mapped out economic priorities and reform plans for the...

New housing policy comes next month

Talha Bin Habib | 2016-12-23 00:00:00

The government will soon publish the National Housing Policy (NHP) 2016 as the authorities concerned recently forwarded it to the ministry of public works and housing (MoPWH) for gazette notification. "We hope the ministry will issue a gazette notification soon,"...

Rising NPLs undercut banks’ capital base

Siddique Islam | 2016-12-23 00:00:00

The capital base of banks weakened further in the third quarter (Q3) of this calendar year mainly as snowballing non-performing loans (NPLs) continued to undercut their strengths, officials said. According to latest statistics available with the central bank, the overall...

Dhaka-Ctg 4-lane project to get one more year extension

Munima Sultana | 2016-12-23 00:00:00

Time of Dhaka-Chittagong four-lane project is set to be extended up to June 2017, although its implementing agency completed the construction work of the country's prime highway in June last. Officials said time extension was sought to adjust defects liability...

Precious contraband may go into regional BB, Sonali Bank branches

Doulot Akter Mala | 2016-12-23 00:00:00

Seized precious contraband items can now be deposited on temporary basis with the regional branches of Bangladesh Bank or Sonali Bank with adequate security. The decision was made recently in a meeting at the National Board of Revenue (NBR) as...

Convert Tk 274b oil debt to state subsidy

Syful Islam | 2016-12-23 00:00:00

Bangladesh Petroleum Corporation (BPC) again pleaded for converting its Tk 274 billion oil debt to state subsidy, notwithstanding making hefty profit now on global market slump, officials said. The energy division last week forwarded a letter of BPC in this...

Review of road accidents needed

Nabil Azam Dewan | 2016-12-23 00:00:00

On Saturday morning, a local bus and another vehicle collided head-on on the Dhaka-Tangail Highway at Gazipur, leaving six passengers dead and nine others injured. Then a pick-up van overturned and collided with a bus in the very next morning...

All is not well on the employment front

Nilratan Halder | 2016-12-23 00:00:00

With the culmination of the Asia and the Pacific Decent Work Decade (ADWD) -- 2006-15, countries of the region are now taking a stock of their achievements made on their commitment they made at the 14th Asian Regional Meeting (AsRM)...

Agriculture and ecology

Abdul Bayes | 2016-12-23 00:00:00

Fragile ecosystems in Bangladesh comprise a substantial proportion of land and population. For example, the flood-prone ecosystem accounts for roughly one-thirds of the land area. The saline coast affects roughly one-fifths of the population and land. Thus two-thirds of population...

Economic goals: Surpassing China!

M. A. Taslim | 2016-12-22 00:00:00

The government appears to have committed itself to achieving two economic goals: (1) to graduate to a middle income country by 2021 and (2) to transform into a developed country by 2041. These are admirable goals to set for the...

Three listed cos raise Tk 3.66b through rights in 2016

Babul Barman | 2016-12-22 00:00:00

Three listed companies raised an aggregate amount of Tk 3.66 billion, including premium, in the outgoing calendar year from the capital market through rights issue. A rights issue is a method of raising capital where a company invites existing shareholders...

Hydrocarbon prospect in deep offshore areas of Bangladesh

Rezaul Kabir | 2016-12-22 00:00:00

Bengal delta is one of the active deltas in the world and Bangladesh is located within this deltaic region. Every year, numerous rivers flowing through Bangladesh carry a huge load of sediment and deposit them into the Bay of Bengal....

Bracing for another round of gas price-hike

Shahiduzzaman Khan in continuation of his analysis, 'Bracing for another round of gas price-hike', appearing on the front page of today's issue of The FE | 2016-12-22 00:00:00

Energy experts say the additional amount of money that is required to meet the expenses for increased salary of the government service-holders, can be collected from the surplus fund, now left idle with the gas companies.  The latter are not...

The international barriers to Trump\'s economic plan

Mohamed A. El-Erian in Dubai | 2016-12-22 00:00:00

US President-elect Donald Trump should have a relatively clear road ahead at home for the implementation of his economic program: with Republicans holding majorities in both houses of Congress, he seems likely to benefit from a break in the political...