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World Bank to support the main bourse

Mohammad Mufazzal | 2017-12-07 00:00:00

The World Bank (WB) has shown interest to be strategic partner of the Dhaka Stock Exchange (DSE) as part of completing the exchange's demutualisation process.The World Bank expressed its interest at a meeting held with the DSE management on Tuesday.A...

Calling Rohingyas as Rohingyas

M. Serajul Islam | 2017-12-07 00:00:00

The Myanmar military has been identified worldwide in the same manner as was the Pakistani military in 1971. This is largely due to the diplomatic initiatives of Prime Minister Sheikh Hasina during her visit to the United States while the...

NBR finds two cos compliant as drive continues

Doulot Akter Mala | 2017-12-06 00:00:00

The tax authority Tuesday inspected another company as part of its ongoing drive to find out incidences of non-compliance in payment of pay-roll tax by the foreign employees working in the country. They will inspect two more companies this month...

Two donors may finance another metro rail line

Munima Sultana | 2017-12-06 00:00:00

The government is expecting to get necessary fund from two development partners for implementing another metro rail line (Hemayetpur-Gabtoli-Notun Bazar route) in the city.A mission from Asian Development Bank (ADB) during its visit to Dhaka last week already assured of...

BB launches spl inspection of troubled Farmers Bank

Siddique Islam | 2017-12-06 00:00:00

The central bank has launched a special inspection of the problem-ridden Farmers Bank Limited (FBL) to assess its real financial health, after heads rolled over a crisis of the trouble-hit fourth-generation private commercial bank."We're investigating different branches to know actual...

BD-Bhutan transit deal stalls over validity, bank guarantee issues

Syful Islam | 2017-12-06 00:00:00

Bilateral transit between Bangladesh and Bhutan looks way off as they couldn't agree on terms of bank guarantee and validity of the treaty in their latest meeting, officials said.A meeting of the Bangladesh-Bhutan Joint Working Group on Transit and Protocol...

The digital China—from 'copy-cat' entrepreneurs to innovation powerhouses

Kai-Fu Lee and Jonathan Woetzel in Shanghai | 2017-12-06 00:00:00

China has firmly established itself as a global leader in consumer-oriented digital technologies. It is the world's largest e-commerce market, accounting for more than 40 per cent of global transactions, and ranks among the top three countries for venture capital...

Brexit is not just a political upheaval, it is a revolution

Harold James in Princeton | 2017-12-06 00:00:00

As the rest of the world looks on with a mixture of amusement and pity, British politics in the age of Brexit has come to resemble a soap opera. Can the chaos that is descending on the United Kingdom be...

Where did the benefits of economic growth disappear? Who saves?

M. A. Taslim | 2017-12-06 00:00:00

There is some disquiet among economists about the quality of data provided by Bangladesh Bureau of Statistics (BBS). No less a person than the Economic Adviser to the Prime Minister has expressed his dissatisfaction about the qualifications of the BBS...

Transit, power import, trade to figure in talks with Bhutan

Talha Bin Habib | 2017-12-05 00:00:00

Transit, power import and bilateral trade issues will get top priority in the upcoming commerce secretary-level meeting between Bangladesh and Bhutan to be held in Cox's Bazar this month, officials said. The two-day meeting will begin on December 21. Commerce...

Tax receipts from DSE double in July-Nov

Babul Barman | 2017-12-05 00:00:00

The government's revenue earnings from the prime bourse marked a whopping 112 per cent rise in the first five months of the current fiscal year (FY) compared to the same period a year ago amid rising trading volume.Market insiders said...

Interest rate spread drops slightly in October

Siddique Islam | 2017-12-05 00:00:00

Overall interest rate spread in the country's banking sector fell slightly in October as the commercial banks slashed their interest rates more on lending than that of deposits, officials said.The weighted average spread between lending and deposit rates offered by...

Confusion causes delay in Jamuna tunnel study

Munima Sultana | 2017-12-05 00:00:00

Any tangible task is yet to start on a planned tunnel under the river Jamuna as confusion over whether to do feasibility or pre-feasibility study clouds the way, sources said.They said though Bangladesh Bridges Authority (BBA) took an initiative to...

Dealing with children with disability

Sonia Sultana | 2017-12-05 00:00:00

Thomas Alva Edison, being mentally challenged in the childhood, was rejected from his school. But the special care and management of his mother helped him to overcome his disability. Later, he changed the world by breakthrough inventions and acquired more...

Uplifting the ultra-poor sustainably

Abdul Bayes | 2017-12-05 00:00:00

Lifting of the ultra-poor in a sustainable way from grinding poverty has long been at the centre of development discourses. One school tends to reckon that mere asset transfer may do more harm than good while others cling to the...

Foreign aid effectiveness and Bangladesh

Dalia Rahman | 2017-12-05 00:00:00

Noted political philosopher Richard Miller once critiqued foreign aid as a 'tool' of the world's great powers, who are not driven by a desire to help the poorest, rather they are interested in "using aid to cajole, support and threaten...

The hidden wealth of cities

Dag Detter in Stockholm | 2017-12-04 12:00:00

The world is becoming increasingly urbanised, as more people are choosing to live in towns and cities than ever before. The trouble is, most urban areas are unprepared to manage the influx.Cities around the world face a looming investment crisis...

OTC trading system to go live soon

Mohammad Mufazzal | 2017-12-04 00:00:00

The automated trading system of the OTC (over-the-counter) market of the country's premier bourse is set to go live by February next under new regulation.The draft of regulation will also facilitate the transfer of shares of small companies and the...

Nine banks' capital shortfall swells to Tk 177b in Q3

Siddique Islam | 2017-12-04 00:00:00

Nine banks, four owned by the government, had an aggregate capital shortfall worth over Tk 177 billion at end of the third quarter (Q3) of the current calendar year as growing bad loans sapped their money.Furthermore, two more banks --...

The harsh plight of 152 million child labourers

Baher Kamal | 2017-12-04 00:00:00

While trillions of dollars are being spent on exploring remote galaxies, Planet Earth is still home to harsh realities that could be easily -and much less expensively-resolved. One of them is that worldwide 152 million children are currently victims of...

No end to volatility of rice market

Shamsul Huq Zahid | 2017-12-04 00:00:00

As farmers are now busy harvesting Aman, one of the two main rice crops of the country, the prices of the main staple are again on the rise. This is really an unusual development and does indicate to a possible...

Stocks break four-week winning streak

Babul Barman | 2017-12-02 00:00:00

Stocks drifted lower last week that ended Thursday, snapping a four-week gaining streak, as cautious investors opted for booking profit on quick-gaining stocks. Brokers said the risk-averse investors grabbed profit on large-cap sectors, especially from bank and telecommunication issues, taking...

Govt to bear construction cost as talks for Chinese funds fail

Munima Sultana | 2017-12-02 00:00:00

Dhaka-Sylhet highway has to be upgraded to a four-lane one with government's own funds as over a yearlong negotiation with a Chinese company failed, sources said.The Ministry of Road Transport and Bridges (MoRTB) has now decided in principle to implement...

JICA sees SPM pipeline as major obstacle to Matarbari seaport

Syful Islam | 2017-12-02 00:00:00

The pipeline of single point mooring (SPM) will emerge as a major obstacle to the main channel of the proposed seaport in Matarbari area, Japan International Cooperation Agency (JICA) has informed the government.The approved map of SPM shows that the...

Zaglul Ahmed Chowdhury: A modest tribute

Asjadul Kibria | 2017-12-02 00:00:00

It was only two months before my joining The Financial Express. Mr Zaglul Ahmed Chowdhury, the consulting editor of the newspaper, died in a road accident in Dhaka. In the afternoon of November 29, 2014 when he was heading towards...

Doing away with question leaks

Md Rizwanul Islam | 2017-12-02 00:00:00

There has been so much said and written about the very deplorable series of question leaks at different public examinations as well as admission tests and job entrance examinations. It seems that leaking of questions is an unstoppable phenomenon like...

Political immunisation at school level

Nilratan Halder | 2017-12-02 00:00:00

So, Bangladesh is going to have an early dose of politics like immunisation programmes against the deadly disease of militancy. The immunisation programme of vaccination and oral therapy of vitamin A have worked wonder in preventing child mortality by developing...

PPP success depends on financing arrangements

Jomo Kwame Sundaram in Kuala Lumpur | 2017-12-02 00:00:00

Public-private partnerships (PPPs) are essentially long-term contracts, underwritten by government guarantees, with which the private sector builds (and sometimes runs) major infrastructure projects or services traditionally provided by the state, such as hospitals, schools, roads, railways, water, sanitation and energy.PPPs...

Differentiating development from non-development

Saleh Akram | 2017-12-02 00:00:00

Per capita income of Bangladesh was US$1466 last year and the government hopes during the current fiscal the GDP growth rate will rise to 7.12 per cent and per capita income to US$1602. The World Bank however, differed slightly and...

Citizen's conference on SDGs in Bangladesh

Abdul Bayes | 2017-12-02 00:00:00

It is good to see that a citizen's platform has been created to see that SDGs in Bangladesh context succeeds, and succeeds well. The importance of the platform lies in the fact that the realisation of the goals is an...