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Rise of plurilateralism

Asjadul Kibria | 2017-12-20 00:00:00

The just concluded ministerial conference of the World Trade Organisation (WTO) has at least one important outcome. It is the push for plurilateral trade negotiations. While multilateral trade negotiation could not produce any deal in Buenos Aires, around half of...

CB Insights ranks Appier among top 100 AI cos

FE Online Desk | 2017-12-20 00:00:00

Appier, a technology company, which aims to provide artificial intelligence (AI) platforms to help enterprises solve their most challenging business problems, has been included in the ranking of CB Insights' 100 AI Companies 2018.The Appier has made the list of...

Postal Dept's income from money order service slumps

Rezaul Karim | 2017-12-20 00:00:00

Government's resource mobilisation from money order, the once-popular public money transfer machinery which now turns into electronic money transfer service, dropped by more than 95 per cent in last six years.People familiar with the development at Postal Department told the...

BB removes Farmers Bank MD

Siddique Islam | 2017-12-20 00:00:00

Bangladesh Bank (BB) removed Tuesday Farmers Bank Managing Director (MD) and Chief Executive Officer (CEO) AKM Shameem for his alleged failure to maintain the allowable ADR limit and stick to embargo imposed by it on loan disbursement."We've removed the Farmers...

Govt revenue receipts far off its lofty target

Doulot Akter Mala | 2017-12-20 00:00:00

Government revenue receipts remain far off an 'ambitious' target set for the current financial year (FY) as the collection in July-November period missed the mark by Tk 95 billion. By official count, the tax-revenue collection in the first five months...

Private-sector credit, import surge awakens regulators

Siddique Islam | 2017-12-19 00:00:00

A significant surge in private-sector credits, particularly in October, nudged the regulators into stocktaking and they spotlighted a splurge from nine banks.Among the nine generously-lending banks are seven fourth-generation private commercial banks (PCBs), a senior official of the Bangladesh Bank...

Government to apply iBAS to identify pseudo-investors

Doulot Akter Mala | 2017-12-19 00:00:00

The government is preparing a national database of all investors in government savings certificates to see their compliance with the investment limit and detect any investment under fake names.Officials said the finance division under the Ministry of Finance has taken...

Govt borrows $1.097b from three int'l lenders

Rezaul Karim | 2017-12-19 00:00:00

The government has borrowed over US$ 1.097 billion from three international lenders in favour of its different entities, officials said.The standing committee on non-concessional loan of the government early this month approved three loan deals in this regard.Of the total,...

DTCA moves to launch BusNET on a shoestring

Munima Sultana | 2017-12-19 00:00:00

Dhaka Transport Coordination Authority (DTCA) has taken a move to revive the initiative taken by former DNCC mayor Annisul Huq to introduce company-based buses in the city, sources said. As part of the move, they said, DTCA has planned to...

From begging bowls to global partnership for development

Helal Uddin Ahmed | 2017-12-19 00:00:00

The rural habitat of Thengamara is located in north-west Bangladesh, just beside the Rangpur-Dinajpur Highway between Mohasthan and Bogra. Thengamara Sabuj Sangha (TSS) was established in 1964 under the Voluntary Social Welfare Agencies (Registration and Control) Ordinance, 1961, in this...

Blockchain — a tamper-proof electronic banking platform

Adnaan Jamilee | 2017-12-19 00:00:00

For what are global banks and insurers falling over one another to explore the potential? What is the rising technology that Richard Branson and Bill Gates admire? What the Wall Street and Silicon Valley are excited about is blockchain.It is...

Winds of change - 2017

Imtiaz A. Hussain in the sixth of nine year-ending articles | 2017-12-19 00:00:00

Every year carries its own uniqueness claims, some that descent with a roar, others pass by silently yet still making an assertive presence. Yet others persist softly but promise a noisier ending. Motivated by this last category, at least four...

The arithmetic of poverty in Bangladesh

Selim Raihan | 2017-12-19 00:00:00

Bangladesh has apparently made remarkable progress in reducing poverty over the past one and half decades. According to the national estimates, the overall head-count poverty fell from as high as 48.9 per cent in 2000 to 24.3 per cent in...

Rural economy: Stimulating non-farm activities

Abdul Bayes | 2017-12-19 00:00:00

Although agriculture remains the dominant source of rural livelihoods at least in terms of generating employment, its relative role in earning income has been falling over time. This is apparent from the slide in the share of the sector in...

NBR struggles to implement it for lack of manpower, logistics

Doulot Akter Mala | 2017-12-18 00:00:00

The field offices are facing difficulties to complete the process of digitising manually submitted income tax returns within the stipulated timeframe due to inadequate manpower and logistic supports.National Board of Revenue (NBR) had to extend the deadline for three times...

Design flaws found in eight more piers

Munima Sultana | 2017-12-18 00:00:00

The work of Padma Bridge construction is increasingly getting complicated for difficulty in resolving the problems that have cropped up with its design.The problems have already put the project slightly behind the schedule, sources said.While the project office was finding...

Using data to combat prejudice against immigrants

Daniel Gutman in Buenos Aires, Argentina | 2017-12-18 00:00:00

What are the contributions of migrants to trade, to the economy of their countries of destination and origin? This is an angle that is generally ignored in the international debate on the subject, which usually focuses more on issues such...

Influx of Rohingya refugees entails a serious burden on the economy

ATM Ridwanul Haque | 2017-12-18 00:00:00

Some 830,000 Rohingya Muslims, a religious and ethnic minority community in Myanmar, have fled to neighbouring Bangladesh due to brutal military crackdown in Rakhine state since August 25, 2017. The United Nations has called the Rohingya the world's most persecuted...

Financial investors' wish list for 2018

Mohamed A. El-Erian in Newport Beach, California, USA | 2017-12-18 00:00:00

If financial investors were to write letters to Santa Claus this Christmas, they would probably be tempted to ask for the continuation of the unusual combination of factors that has dominated over the last year: ultra-low market volatility, booming financial-asset...

Procurement: Centralisation of irregularities?

Shamsul Huq Zahid | 2017-12-18 00:00:00

The Ministry of Finance (MoF), reportedly, has floated a proposal to put in place a separate government division that would handle all government procurement. But the planning minister has poured cold water on the MoF enthusiasm as he thought that...

Country’s brand value keeps on rising

Asjadul Kibria | 2017-12-16 00:00:00

The brand value of Bangladesh as a nation has been rising gradually. This reflects the country's socio-economic vibrancy. After 46 years of the independence, Bangladesh is now 44th most valuable nation brand in the world. The 'Nation Brands 2017' report,...

Proposal to float separate division faces opposition

Rezaul Karim | 2017-12-16 00:00:00

The planning minister disagrees on a proposal made by the finance minister for creating a separate division to do government procurement activities, which usually involve billions of funds, officials said.Finance Minister AMA Muhith recently sent the proposal through demi-official letter...

Stocks extend losing streak for third week

Babul Barman | 2017-12-16 00:00:00

Stocks extended the losing streak for the third consecutive weeks, with average daily turnover plunged to six months on major bourse, as ongoing pessimism kept investors mostly inactive.Dealers said the ongoing pessimism coupled with lack of direction prompted retail investors...

Govt finalises list of tariff concessions for APTA countries

Talha Bin Habib | 2017-12-16 00:00:00

The government has finalised a list of 602 products for tariff concessions to be granted to the members of APTA countries from next year, officials said.It has also decided to provide tariff concessions on four products for the least developed...

Rohingya refugees: The woes of women

Sohara Mehroze Shachi in Cox's Bazar, Bangladesh | 2017-12-16 00:00:00

Under pouring rain, hundreds of young and expectant mothers stand in line. With her bare feet and the bottom of her dress covered in mud, Rashida is one of them, clutching her emaciated infant. She lost her husband on the...

School banking: Welcoming children to the financial world

Md. Mazadul Hoque | 2017-12-16 00:00:00

Monetary matters are the part and parcel of everyman's life. There is no way to ignore it. Without financial empowerment no plan can work. So, if the habit of dealing with monetary matters prudently is cultivated in the early life,...

Only martyred intellectuals and no more!

Nilratan Halder | 2017-12-16 00:00:00

They are martyred intellectuals. Yes, martyr has a positive sense in that one chooses to suffer or die rather than giving up a strongly held belief. By doing so, one advances a cause or principle. December 14 marks the Martyred...

Nutritional status of rural Bangladesh

Uttam Deb and Abdul Bayes | 2017-12-16 00:00:00

The Village Dynamics in South Asia (VDSA), under the umbrella of the International Rice Research Institute (IRRI) and the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT), carried out a longitudinal study, spanning 2010/11 to 2014/15, on various socio-economic...

Prioritising water transport

Saleh Akram | 2017-12-16 00:00:00

If rivers are subjected to continued negligence, river communication or water transport is perpetually ignored or overlooked. Whereas waterways provide the cheapest mode of transportation for both passenger and cargo, road transportation was prioritised undermining the interests of about 3.0...

Celebration of the Victory Day

Nilratan Halder | 2017-12-16 00:00:00

Bliss it was in that dawn to be alive But to be young was very heaven.This is how William Wordsworth paid his tribute to the French Revolution. If allowed the liberty of doing small changes to the famous quotation like...