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Reflections on the 45th Victory Day

Muhammad Abdul Mazid | 2016-12-16 00:00:00

On December 16, 1971, Bangladesh became an independent nation-state at the cost of a 9-month long war for freedom, democracy, social justice and self reliance. Since independence, the densely populated country has swung between hope and despair, between mass apathy...

Padma Bridge rail uncertain

Munima Sultana | 2016-12-15 00:00:00

Running of trains over the Padma Bridge on the inaugural day has remained in doubt as the Bangladesh Railway (BR) is yet to start construction of the rail tracks due to absence of an accord with the Chinese EXIM Bank...

BD, five others may graduate from LDC category in 08 yrs

Asjadul Kibria | 2016-12-15 00:00:00

Six Least Developed Countries (LDCs), including Bangladesh, are projected to graduate from their existing status by 2024, according to a latest report of the United Nations Conference on Trade and Development (UNCTAD). Seven more LDCs might also come out of...

No significant rise in last six months

Mohammad Mufazzal | 2016-12-15 00:00:00

The number of active beneficiary owner's (BO) accounts witnessed no significant rise in last six months due to 'reduced' opportunity for general IPO seekers after enhancement of quota for institutions and others, brokers said.   Some stakeholders, however, termed the static...

Project seeks Tk 3.15b for quake-resistance

Talha Bin Habib | 2016-12-15 00:00:00

The government is set to increase variation contract price to over Tk 3.15 billion for setting up shock transmission unit (STU) and POT bearings of the Moghbazar- Mouchak flyover project, official said.    The local government engineering division is going to...

Cottage industries to continue enjoying VAT exemption: NBR

Doulot Akter Mala | 2016-12-15 00:00:00

Businesses listed as cottage industry will continue to enjoy the VAT exemption even if they are located in Dhaka and Chittagong city corporation areas. The cottage industries will not require obtaining the VAT registration number on a mandatory basis irrespective...

China\'s industrial profit growth accelerates to 8.6pc in first 10 months

Lu Yanan | 2016-12-15 00:00:00

China's industrial sector has finally emerged from a sluggish phase as the recent data released by the National Bureau of Statistics (NBS) showed that the country's industrial profits rose 8.6 per cent in the first 10 months from the same...

The distressing tale of Biman

Syed Jamaluddin | 2016-12-15 00:00:00

Biman is going from bad to worse. Technical difficulty in Prime Minister's flight to Budapest shows the condition in which Biman is operating. There are plenty of allegations against Biman. It is said that there is no chain of command...

Toward a Rust Belt Powerhouse

Jim O'Neill in London | 2016-12-15 00:00:00

A few days ago, US President-elect Donald Trump took to Twitter - his medium of choice - to declare that he did not need China's permission to contact Taiwan, because China didn't ask for permission to devalue its currency. At...

Nov imports up 12pc on oils, fertilisers

Siddique Islam | 2016-12-13 00:00:00

The country's overall import increased by more than 12 per cent or US$416.85 million in November over the previous month, mainly due to higher import of fuel oils and fertilisers, officials said. The actual import in terms of settlement of...

Remembering a grandfather in the month of victory

Helal Uddin Ahmed | 2016-12-13 00:00:00

He was my maternal grandfather, the grand old man of Feni - 'Jalal Sir'. All through my life, he had been my idol, my guru. Tall, slim and upright, and sporting a white pajama-panjabi and cap, I still remember watching...

What if the Russians hacked the US presidential election?

M. Serajul Islam | 2016-12-13 00:00:00

The US Presidential election 2016 that elected Donald Trump as the 46th president of the country is a unique one in US history. It is not just that Donald Trump has got elected on an agenda that has made the...

Rice in the market

Abdul Bayes | 2016-12-13 00:00:00

In Bangladesh, marketing of paddy is mostly done by medium and large landowning households. Nearly one-half of the total marketed paddy comes from 13 per cent of rural households (owning 1.0 ha and above). As against this, about 30 per...

Remembering a grandfather in the month of victory

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

He was my maternal grandfather, the grand old man of Feni - 'Jalal Sir'. All through my life, he had been my idol, my guru. Tall, slim and upright, and sporting a white pajama-panjabi and cap, I still remember watching...

What if the Russians hacked the US presidential election?

M. Serajul Islam | 2016-12-12 00:00:00

The US Presidential election 2016 that elected Donald Trump as the 46th president of the country is a unique one in US history. It is not just that Donald Trump has got elected on an agenda that has made the...

Rice in the market

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

In Bangladesh, marketing of paddy is mostly done by medium and large landowning households. Nearly one-half of the total marketed paddy comes from 13 per cent of rural households (owning 1.0 ha and above). As against this, about 30 per...

BD sets sights high on $1.0t investment

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

The government now sets sights high on US$ 1.0 trillion investment for elevating Bangladesh to a developed nation. To this end, an international projection will be arranged in Dhaka this month.    Dhaka     Chamber of Commerce and Industry (DCCI) will organise...

Banks\' written-off loans soar further to Tk 423 billion

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

Written-off loans bloated by nearly 3.0 per cent or Tk 11.20 billion in the first six months of the current calendar year as banks tried to clean their balance sheets by reducing loads of default loans. The cumulative amount of...

Spl body for making road fund functional

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

A special committee has put forward a set of recommendations to transfer the money collected from different road-related sources to the newly formed road fund aiming to make it functional. Officials said the committee formed in line with the directions...

Stocks break four-day winning streak

Turnover slumps 28pc on premier bourse | 2016-12-12 00:00:00

FE Report Stocks closed lower Sunday, snapping a four-day winning streak, as risk-averse investors opted for quick-profit on sector specific stocks. Market insiders said the investors sold shares and mutual fund units to bag some profits on stocks that saw...

What factors matter in attracting FDI?

Selim Raihan and Fayeza Ashraf | 2016-12-12 00:00:00

Foreign direct investment (FDI) plays an important role in the long-run economic growth of a country. FDI develops productive capacity through transfer in technology, enhances domestic labour skills through global managerial practices and contributes to human capital development. FDI assists...

Infatuated with extremism

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

When people go missing leaving no trace whatsoever, a chilling sensation runs down the spine of the people in general. But for the near and dear ones of the missing person the fear is not as overwhelming as the pains...

Reforming Drug (mal) Administration

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

The verdict and the accompanying observation made by the Drug Court judge in the Rid Pharma's spurious paracetamol syrup case last month did tell amply about the state of affairs with the Drug Administration (DA), the regulatory body in the...

The complexity of inequality

Michael Heise in Munich | 2016-12-11 00:00:00

Since 2013, when Thomas Piketty published his much-discussed study of the distribution of income and wealth, inequality has been at the forefront of public debate in most advanced economies, blamed for everything from slow growth and stagnating productivity to the...

Big hike in Ctg port service tariffs on the cards

Rezaul Karim | 2016-12-11 00:00:00

A high-powered government committee has proposed increasing the tariffs of different services at the Chittagong seaport by five to six times the existing rates set 30 years ago. Officials said the government considered raising the tariffs as a strategy to...

Remittances: An incipient scissors crisis

M. A. Taslim | 2016-12-11 00:00:00

There is much concern that one of the mainstays of the country's balance of payments, remittances, is on an alarming downward slide since the last fiscal year. Remittances declined by 2.52 per cent in 2015-16 and the data for the...

75-80pc consumers think VAT never goes to govt

Doulot Akter Mala | 2016-12-11 00:00:00

A study has found high-level mistrust among the people regarding VAT, as about 75-80 per cent of consumers think that their VAT payment never goes to the government account. The study, conducted by the National Board of Revenue (NBR), also...

Call to reinforce efforts for Saudi investment

Talha Bin Habib | 2016-12-11 00:00:00

Leaders of the country's business community on Saturday urged the government to take initiative to tap Saudi entrepreneurs' proposed investment in different sectors. The Saudi businessmen had expressed their profound interest to invest in infrastructure, communication, power, plastic, bitumen, petroleum,...

Remittances: An incipient scissors crisis

M. A. Taslim | 2016-12-11 00:00:00

Remittance outflows in recent years from countries from which Bangladesh receives most of its remittances are shown in Table 1 below. Remittance statistics of all gulf countries are not easily available beyond 2014, the year when oil price crashed. Remittance...

Trumponomics: Where supply-side meets demand-side

Hasnat Abdul Hye | 2016-12-11 00:00:00

Something very interesting is going to happen in the realm of economic policy making and budgetary practice if US President-elect Donald Trump makes good on his electoral promise about bringing about changes in the American economy. This may see the...