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Economic goals: Surpassing China!

M. A. Taslim in continuation of his economic analysis, appearing on the front-page of today's issue of the FE | 2016-12-22 00:00:00

Unlike the World Bank income classification, the United Nations (UN) considers several standards and sustainability related factors besides per capita gross national income (GNI) to classify countries. A least developed country (LDC) has to cross the threshold in respect of...

New drug policy and a few home truths

Shamsul Huq Zahid | 2016-12-21 00:00:00

It is a piece of welcome news that the cabinet in its last meeting approved the draft of the National Drug Policy that provides for the constitution of a national drug regulatory authority. The policy would soon be notified through...

Janata Bank to issue Tk 10b bonds to meet capital shortfall

Rezaul Karim | 2016-12-21 00:00:00

State-owned Janata Bank has decided to issue subordinated bonds worth Tk 10 billion to meet its capital shortfall, officials said. The second largest state-owned bank has recently sought approval from the ministry of finance (MoF) to issue the bonds, they...

Fund raising through IPOs remain slow in 2016

Babul Barman | 2016-12-21 00:00:00

Eight companies, mostly small ones, and three mutual funds (MF) raised an aggregate amount of Tk 8.49 billion through initial public offerings (IPOs) in the outgoing calendar year. Market insiders attributed the slow pace of collecting funds through IPOs to...

Deep Space Exploration poised to make a comeback

Zeenat Khan and Ferdous Khan from Maryland, USA | 2016-12-21 00:00:00

November 08, 2016 was a watershed day in US history. Contrary to all expectations, Donald J Trump won the US presidential election by winning the majority in the Electoral College count, although he was trailing the Democratic nominee, Hillary R...

Safety compliance in RMG industry beyond 2018

Md Shahidullah Azim | 2016-12-21 00:00:00

Over the last three years Bangladesh ready-made garment (RMG) industry has undergone a remarkable change in terms of safety compliance. Building, fire and electrical safety inspections in over 3700 factories have been completed under three initiatives namely Accord, Alliance and...

Exporting knowledge and technology

Saleh Akram | 2016-12-21 00:00:00

The statement made by the education minister the other day on export of technology may be far too optimistic considering the ground realities. But the intention behind it was innocuous and unquestionably honest. The minister said, it is time we...

Complexities of Middle East politics: Trump effect

Sayed Kamaluddin | 2016-12-21 00:00:00

Things are moving fast in the Middle East and it has seemingly coincided with the unexpected election of Donald Trump as the new US President last month. However, it is still not very clear if the changes that visibly surprised...

Bangladesh inching towards paperless trade

Asjadul Kibria | 2016-12-21 00:00:00

Reducing the cost of trade by reducing time and money is always an important matter in global trade. A simple but long-term solution is cutting the red tape along with introducing the electronic system for all kind business transactions. This...

MoU signing with UK firm today

Munima Sultana | 2016-12-20 00:00:00

Bangladesh Railway (BR) is set to sign a memorandum of understanding with a UK firm today to conduct a feasibility study on US$ 7.5 billion investment proposal for developing 240-kilometre rail link between Dhaka and Payra sea port. If the...

Indian PM\'s camp seeks support from Muslim women

Rupam Jain and Tom Lasseter of Reuters in Deoband, India | 2016-12-20 00:00:00

When Narendra Modi stood before faithful followers in October, on a stage swathed in the saffron colors of his Hindu nationalist movement, the Indian leader made an unexpected overture. "It is the responsibility of the government and people of the...

Addressing financial literacy: Strengthening efficiency of financial markets

Shah Md Ahsan Habib concluding his two-part write-up on Effective approach for training and capacity development of bank employees | 2016-12-20 00:00:00

Considering the priorities and challenges of Bangladesh banking sector, training and capacity development programmes demand attention in some critical areas.  In Bangladesh, availability of alternative jobs and growing number of banking and financial institutions are favourable factors for existing employees,...

Rural credit policies - a critique

Abdul Bayes | 2016-12-20 00:00:00

In Bangladesh, inception of the formal financial system for providing rural credit started with the establishment of the Agricultural Development Bank in the 1960s. Later, the government also encouraged commercial banks to set up branches in rural areas for financial...

Historical roots of the Victory Day

Helal Uddin Ahmed | 2016-12-20 00:00:00

An interesting aspect of Bangladesh's political history is that this place had assumed different names over time since the ancient era. Among the provinces which have been identified as habitats of the native people since the ancient days, only three...

SIM sale slump cuts tax from mobile companies

Doulot Akter Mala | 2016-12-19 00:00:00

Government's tax receipts from mobile-phone companies have dropped in the current fiscal year (FY) due mainly to a significant fall in sales of new SIM and replacements. Officials said the National Board of Revenue (NBR) had collected Tk 387 million...

Brahmaputra bridges\' cost to go up by 13pc

Talha Bin Habib | 2016-12-19 00:00:00

The government is set to raise the project cost by 13 per cent to over Tk 130 million for construction of two bridges over the River Brahmaputra in Jamalpur, officials said. Local Government Engineering Department (LGED) under the Ministry of...

Govt agencies continue drawing up plans for rly infrastructure dev

Munima Sultana | 2016-12-19 00:00:00

The government agencies other than railway have continued to draw up plans for railway infrastructure development, putting billion-dollar investment projects like Jamuna bridge at stake. Analysts said due to such kind of railway plans, Jamuna bridge known as Bangabandhu bridge...

Economic models and Startup culture

Shah Kamal Sohail | 2016-12-19 00:00:00

We have been exposed to two major economic models since the beginning of this century - Capitalism and Communism. Communism always intended to confront Capitalism by eliminating the latter's major pillar namely "Private Property" or "Corporations". And the rest is...

Honing skills of bank executives

Shah Md Ahsan Habib in the first of a two-part article titled Effective approach for training and capacity development of bank executives | 2016-12-19 00:00:00

Bank executives need to be up-to-date in knowledge, skills and capacity to address the growing challenges of the banking industry. As the banking industry has been experiencing continuous change, training and capacity development programmes also demand continuous alteration and tuning....

Murder of a Chinese businessman

Neil Ray | 2016-12-19 00:00:00

The murder of a Chinese businessman at Uposohor, Jessore could, once again, have brought to the fore the issue of security of life of foreigners in this country but for the nature of killing. Chang Hing Sang, an easybike dealer...

Bulging written-off loans

Shamsul Huq Zahid | 2016-12-19 00:00:00

The aggregate value of written-off loans in the country's banking sector is now over Tk 423 billion. The amount includes Tk11.20 billion written off during the first half of the current calendar year. Even a bigger amount of defaulted loans...

No utilisation of 29.0pc of fund

Rezaul Karim | 2016-12-18 00:00:00

About 28.65 per cent of the Tk 9.0-billion capital market refinancing fund remains unutilised due to poor response from the investors, affected during the 2010-11 stock market debacle, officials said. Despite repeated attempts the fund supervision committee and Investment Corporation...

Utilisation of cultivated land has undergone radical change

Abdul Bayes | 2016-12-18 00:00:00

The distribution of cultivated land in different seasons appears to show that the aus season - spanning from March to August - has almost lost its historic importance. This is reflected by a drastic deceleration in the share of land...

The promise of ethical machines

Susan Leigh Anderson in Storrs, Connecticut, USA | 2016-12-18 00:00:00

The prospect of artificial intelligence (AI) has long been a source of knotty ethical questions. But the focus has often been on how we, the creators, can and should use advanced robots. What is missing from the discussion is the...

NBR asks for listing non-filer taxpayers

Doulot Akter Mala | 2016-12-16 00:00:00

The National Board of Revenue (NBR) has instructed its field-level tax offices to compile a list of non-filer taxpayers who have submitted tax returns last year but yet to respond this year. Income tax wing recently forwarded letters to all...

45 yrs on, Bangladesh beats Pakistan in many indices

Asjadul Kibria | 2016-12-16 00:00:00

The size of economy does not necessarily reflect the vibrancy of a country. As such, despite the size of Pakistan's economy bigger than Bangladesh, the former significantly lags behind in many development indicators. According to the World Bank's estimate, Bangladesh...

First-ever tea expo from January 12

Talha Bin Habib | 2016-12-16 00:00:00

The government is set to hold the first-ever three-day tea exposition in January next year aiming to promote local tea by boosting production and its export, officials said. The event titled 'Bangladesh Tea Exposition-2017' will be held from January 12...

Govt issues new taka 5.0 note next week

Munima Sultana | 2016-12-16 00:00:00

The government is set to issue a new note of Tk 5 denomination. With different colour than the existing ones in circulation, it is expected to be circulated next week, official sources said. It will have light blue shed in...

Relocating administration and ministries

Rashedul Hasan Khan Pathan | 2016-12-16 00:00:00

It is well-nigh impossible to go to any place in Dhaka without delay. The problem of tailbacks started mounting long after the independence. Bangladesh has become a unitary state with Dhaka being its capital city. This city is a tiny...

Fronts on which victory remains unachieved

Nilratan Halder | 2016-12-16 00:00:00

Never before had the Bangalees so great an occasion as the decisive victory in a war against the marauding Pakistani occupation army on this day 45 years ago. The history of this land and the subcontinent was rewritten with the...