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Remittances from major destinations on dive

Siddique Islam | 2016-12-06 00:00:00

Inward remittances from 13 major countries out of 18 marked a sharp fall so far in the current fiscal year against the corresponding previous period. Officials said the inflow of remittances from six Middle-Eastern countries along with two others dropped...

BD among top 10 receivers of legal financial transfer

Asjadul Kibria | 2016-12-06 00:00:00

Bangladesh stands 10th on a list of the developing countries classed as 'receivers of licit or recorded financial transfers' during 1980-2012, apart from witnessing substantial flight of capital. According to the findings carried in a new report of Global Financial...

Foreign workers in expressway project get income tax waiver

Doulot Akter Mala | 2016-12-06 00:00:00

Foreign workers in the Dhaka elevated expressway project will enjoy three years' tax exemption on their income received as salary and allowance from the project. The tax exemption will be considered to be effective from August 14, 2015 to 2018....

BSEC to revise corporate governance guidelines

Mohammad Mufazzal | 2016-12-06 00:00:00

The securities' regulator is set to introduce a provision, among others, of appointing at least one woman director in the companies' boards as part of women empowerment. The Bangladesh Securities and Exchange Commission (BSEC) is working to upgrade the mandatory...

\"China offers enlightenment for world\'s human rights undertakings\"

People's Daily of China | 2016-12-06 00:00:00

The Chinese government last Thursday issued a white paper on the right to development, expounding on its philosophy, practice and contribution in this field. By doing so, China is offering enlightenment for world's human rights undertakings, the People's Daily said...

Enabling environment for development partnership

Shamsul Alam | 2016-12-06 00:00:00

Aid flows made huge impact through the Marshall Plan of the US to reconstruct war-ravaged Europe immediately after World War II. After the war, the global political structure underwent change enormously. Having been freed from the shackles of colonialism, many...

China moves into Latin America in a big way

Sayed Kamaluddin | 2016-12-06 00:00:00

Latin America is not included in China's One Belt, One Road initiative, but Beijing seems to have surprised many observers by moving closer to the region to develop industrialisation and job creation for a win-win situation for all. It is...

Whither land tenancy arrangements?

Abdul Bayes | 2016-12-06 00:00:00

For ages, the predominant tenancy system in Bangladesh revolved round share-cropping. In economics discourse, the system is generally criticised for its inherent exploitative and anti-incentive syndromes. It is because the owner of the land shares one-half of output without paying...

NBR to import ECRs for VAT-evading businesses

Doulot Akter Mala | 2016-12-05 00:00:00

The National Board of Revenue (NBR) will import 10,000 electronic cash register (ECR) machines for installing in small and big businesses under a project meant for plugging tax evasion.   Officials said the digital cash registers will be supplied to the...

Interest rate spread falls to 4.7pc in Oct

Siddique Islam | 2016-12-05 00:00:00

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

Foreign fund in DSE jumps 792pc in 11 months

Babul Barman | 2016-12-05 00:00:00

Net foreign investment in stocks marked a significant jump for January-November period of 2016 compared to the same period a year ago, as overseas investors were anticipating a positive market scenario. Analysts said the favourable macroeconomic indicators coupled with stable...

French company set to install second unit of Eastern Refinery

Talha Bin Habib | 2016-12-05 00:00:00

The government is set to appoint a French company for installation of the second unit of the Eastern Refinery (ER) aiming at quick refinement of imported crude oil for energy security, officials said. To this effect, the government has taken...

Rural imagination dominates Bangladeshi art

Syed Manzoorul Islam concluding a two-part article titled The City in Bangladeshi Art | 2016-12-05 00:00:00

The cities in Indian subcontinent emerged in the last four to six hundred years ago. Their emergence was necessitated by the need of the conquerors/rulers to expand their political and economic power. Dhaka has a history of 400 plus years,...

Large ships, little utility

Neil Ray | 2016-12-05 00:00:00

In a country where vehicles and vessels are crammed with passengers, near-empty ships cruising on its way is a rare sight. A report carried in a Bangla national contemporary presents convincingly how two huge ships operate between Dhaka and Morelganj...

Cutting rural-urban migration

Shamsul Huq Zahid | 2016-12-05 00:00:00

When land owners and sharecroppers across rural Bangladesh are frantically looking for day labourers to help them harvest their ripe Aman paddy, the latter in thousands are seen waiting eagerly at the 'morning labour markets' along pavements in Dhaka and...

COP22: Women in all aspects of climate change solutions

Shaila Mahmud | 2016-12-05 00:00:00

The 22nd session of the Conference of Parties (COP22) in Marrakech, Morocco is a sequel to last year's momentum achieved in Paris - embracing gender equality and ensuring women's empowerment in Climate Change solutions. In Marrakesh, the parties unanimously agreed...

SoEs major errant taxpayers

Doulot Akter Mala | 2016-12-04 00:00:00

Public-sector entities owe the National Board of Revenue (NBR) Tk 152.43 billion in unpaid value-added tax (VAT). Officials said the revenue board has a sum of the value-added tax stuck-up even with the affiliates of finance ministry under which it...

Nepal postpones BBIN road survey again

Munima Sultana | 2016-12-04 00:00:00

A scheduled joint road survey between Bangladesh and Nepal under the four-nation road infrastructure development initiative, called BBIN (Bangladesh, Bhutan, India and Nepal), has been postponed. It was scheduled to start from Nepal tomorrow (Monday) to find a suitable route...

The city is a paradox: Utopia versus heterotopia

Syed Manzoorul Islam | 2016-12-04 00:00:00

The city occupies an ambiguous position in art-- it is on one hand the ground zero of modern art, a locus where vital energy unleashes itself; and on the other, a self-enclosed system cut off from its nourishing roots, which...

Delayed fund transfer irks JICA

Syful Islam | 2016-12-03 00:00:00

An inordinate delay by the central bank in transferring funds retards implementation of Japanese ODA (Official Development Assistance)-funded projects in Bangladesh, alleged the lender in a letter to the ERD recently. However, a central bank official refuted the allegation, passing...

Fund crunch hits sugar mills hard

Rezaul Karim | 2016-12-03 00:00:00

The state-run sugar mills have long been facing severe financial crisis, hampering their operational activities seriously, officials said. "The cash-strapped sugar mills are still struggling to meet regular expenses. The Bangladesh Sugar and Food Industries Corporation (BSFIC) is also finding...

A scientific outlook for a post-factual world

Helga Nowotny in Vienna | 2016-12-03 00:00:00

We have entered a disturbing new era. The sheer volume of false utterances and outright lies spewed during the United States' presidential election campaign implies a growing disdain for factual knowledge, as does the proliferation of fake news disseminated without...

DWASA banks on new tech to reduce system loss

Mohammad Wazed Ali | 2016-12-03 00:00:00

The Dhaka Water Supply and Sewerage Authority (DWASA) has been installing a new technology named 'district metered area' (DMA) to reduce  system loss in its water supply, officials have said. The DMA technology continuously helps detect leaks the in water...

Once insular, Myanmar now shows its fangs

Nilratan Halder | 2016-12-03 00:00:00

Myanmar known as Burma when Sarat Chandra Chattopadhya wrote his famous novels once conjured up a picture of a place full of mystery and seduction. The steamer journey to Rangoon was described in such a self-deprecating and yet humorous manner...

Manpower shortage delays work on economic zones

Talha Bin Habib | 2016-12-03 00:00:00

The Bangladesh Economic Zones Authority (BEZA) is facing shortage of manpower and experts resulting in delay for completing sites for investments by local and foreign entrepreneurs, officials said. At present, there are only 70 officials and other staffs who are...

Myanmar\'s anti-Rohingya agenda

Nabil Azam Dewan | 2016-12-03 00:00:00

Contrary to expectations of the international community, a systematic atrocity by the armed forces of Myanmar is forcing the ethnic Rohingya Muslims in Myanmar's Rakhine State to flee their ancestral homeland to neighbouring countries like Bangladesh, Thailand, Malaysia and Indonesia....

Child marriage obstructs SDGs implementation

Abdul Bayes | 2016-12-03 00:00:00

Child marriage is defined as any formal marriage or informal union where one or both are under 18 years of age. The reason for raising the issue of child marriage in this column is that we consider it as a...

Dialogue on forming a credible EC

Muhammad Quamrul Islam | 2016-12-03 00:00:00

The 13-point proposal for formation of a new Election Commission on expiry of the present one on February 08, 2017, put forward by Bangladesh Nationalist Party (BNP) Chairperson Khaleda Zia on November 18, 2016 is yet to be taken up...

Growing demand to categorise willful default as a criminal act

Shah Md Ahsan Habib in the first of a two-part article entitled Identifying and redefining financial crime | 2016-12-03 00:00:00

Broadly, a financial crime could either be an internal fraud committed by the bank's own workforce or an external fraud committed by a customer along with a third party. Any bank may become vulnerable to financial crimes involving various parties...

Dilemma over trade strategy with US if TPP goes finally

Asjadul Kibria | 2016-12-02 00:00:00

A trade expert of the country has urged the policymakers to seriously consider striking a bilateral free trade agreement (BFTA) with the United States (US). Manzur Ahmed, trade policy adviser to the Federation of Bangladesh Chambers of Commerce and Industry...