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Capital market: The role of multiple gatekeepers

Jamaluddin Ahmed | 2017-11-23 12:00:00

Descriptions of gatekeepers typically focus on their ex ante role. One common definition of gatekeeper is a reputational intermediary who provides verification or certification services to investors. Another is one needed before a transaction can close. Gatekeepers, however, also engage...

How health impacts economic growth

Selim Raihan and Sunera Saba Khan | 2017-11-23 12:00:00

In developing countries, nearly half the population suffers from multidimensional poverty with deprivations in health and other living conditions. It is the poor who suffer from ill-health, malnutrition, communicable and non-communicable diseases, lack basic amenities of healthcare, and, as a...

WDB starts dredging Rokti, Boulai rivers to save croplands from flood

Iqbal Siddiquee | 2017-11-23 00:00:00

SYLHET, Nov 22: With a target to bring back the navigability of waterways and save croplands from flood in Sunamganj, the Water Development Board (WDB) has started dredging in Rokti and Boulai rivers. Besides, dredging of Old Surma would be...

Govt to develop four transport hubs in city

Munima Sultana | 2017-11-23 00:00:00

The government is planning to develop four multimodal transport hubs (MMTHs) in different areas of the city, aimed at facilitating passengers with transports towards their desired destinations from a single point. Two of the hubs would be under the mass...

Govt starts acquiring land for Japanese economic zone

Talha Bin Habib | 2017-11-23 00:00:00

The government has started the process of acquiring land for building a special economic zone dedicated to Japanese investors at Araihazar Upazila in Narayanganj, officials said. State-run Bangladesh Economic Zones Authority (BEZA) had earlier signed an agreement with Sumitomo for...

Tax laws: Towards revolutionary reforms

Doulot Akter Mala | 2017-11-23 00:00:00

Internal tax-revenue is the largest source of budget income of the government. Budget size for is fiscal year (FY) is Tk 4.00 trillion. Of the amount, tax-revenue target is Tk 2.48 trillion. As foreign-aid dependency of the country declined in...

GDR, memories of a state no more

Abdullah M Hasan | 2017-11-23 00:00:00

It's usually just before midnight that I go home from office. My daughter insisted I bring along a jacket. I pulled out the chest of drawers. A yellow jacket came into view. I decided to preserve that one, for it...

Company valuation: A review

Tofazzul Hussain | 2017-11-23 00:00:00

A recent business deal has attracted the attention of many. Investors, analysts and all concerned in the business community of Bangladesh are abuzz with this transaction, which took place between Lafarge Surma Cement Limited and the shareholders of Holcim Bangladesh...

Pervasive inequality eclipses BD economic growth

Asjadul Kibria | 2017-11-23 00:00:00

Bangladesh economy is growing rather persistently. Annual average growth rate of the Gross Domestic Product (GDP) climbs close to 7 per cent. The country has already stepped into the Lower Middle-Income Country (LMIC) category and aspires to graduate from the...

Law alone cannot contain private tuition and coaching business

Nilratan Halder | 2017-11-23 00:00:00

The news that the Anti-Corruption Commission has recommended transfer of 522 teachers of Dhaka City's government schools outside the capital may have escaped most people's notice. But it should not. It is one of the most pragmatic steps ever suggested...

Our runaway civic sense

Narmin Tartila Banu | 2017-11-23 00:00:00

Despite taking immense pride in our heritage of being hospitable, we never really shy away from displaying a surprising level of antagonism when things don't quite go our way! If a queue has a long wait time, we sneakily cut...

Should the wait be too long?

Khondaker Golam Moazzem | 2017-11-23 00:00:00

Over the last few years, Bangladesh economy has been experiencing a number of interesting changes which would have far-reaching impact on country's long term economic growth. First, private sector investment is increasingly being concentrated to large scale enterprises and more...

Living in a Trump's world: Term of reference

Mizanur Rahman Shelley | 2017-11-23 00:00:00

The nature of the Trump phenomenon lies in its origin. It came like an unexpected storm. It was more than that. One could easily call the surprise victory of Donald J. Trump in the US presidential election of 2016, a...

Banks miss out on good corporate governance

Salehuddin Ahmed | 2017-11-23 00:00:00

The root cause of global recession (2008 onwards) can be traced back to the mismanagement of banks and financial institutions. Despite all the measures taken by different countries, with the US taking the lead, full recovery has not yet been...

Goodbye Mugabe, hello new Zimbabwe?

Busani Bafana in Bulawayo, Zimbabwe | 2017-11-23 00:00:00

Robert Mugabe - the world's oldest head of state - is dead, politically at least. After 37 years in power, Mugabe, 93, had become almost synonymous with the country he led. Nothing was said about Zimbabwe without a mention of...

Preparing for the Trump trade wars

Bill Emmott in London | 2017-11-23 00:00:00

Is US President Donald Trump what Maoists used to call a paper tiger, or should his noisy threats be taken seriously? That question has loomed particularly large over the North Korean nuclear issue. But after Trump's fairly emollient 12-day tour...

Ending the business of child labour

Kailash Satyarthi in New Delhi | 2017-11-23 00:00:00

In October 1997, when global leaders gathered in Oslo to strategise how to end child labour, we brought a huge ambition and a deep commitment to change. Through improved collaboration and planning, we sought to protect children from exploitation, and...

Are prospects of rural youth employment a mirage?

Raghav Gaiha and Vani S. Kulkarni | 2017-11-23 00:00:00

Many recent accounts tend to dismiss productive employment of youth in rural areas in Africa as a mirage largely because they exhibit strong resistance to eking out a bare subsistence in dismal working and living conditions. We argue below on...

Trade scenarios and tapping potential of Bangladesh

Hossain Mohammed Omar Khayum and Md. Lutfay Tariq Rahman | 2017-11-23 00:00:00

After an impressive success in reaching the targets of Millennium Development Goals (MDGs), presently Bangladesh is taxiing on the runway to take off towards a higher scale of development. For success in reducing poverty, reducing the prevalence of underweight children,...

Attaining SDGs: A shared responsibility

Babui Salsabil | 2017-11-23 00:00:00

It doesn't take a practitioner of development to be familiar with the term: sustainable development. Sustainable development is defined as development that meets the needs of the present without compromising the future generations' ability to meet their own needs. Sustainable...

Inflation remains a key challenge

Mirza Azizul Islam | 2017-11-23 00:00:00

Bangladesh has recently graduated to the rank and status of a low middle income country. Its ambition is to attain upper middle income status by 2021 and a developed country status by 2041. However, macro economy is a multi dimensional...

Connecting cultures

Hasnat Abdul Hye | 2017-11-23 00:00:00

Culture is as old as organised life of mankind on earth. It began when homo sapiens started living in wide-ranging geographic areas, following social norms and pursuing economic activities with shared responsibilities and obligations as decided by their community. Differences...

Stock manipulation: The role of auditors

Masih Malik Chowdhury | 2017-11-22 00:00:00

An article published in the November 09, 2017 issue of the Financial Express titled 'The Role of the FRC in the Economy' gives an outline of FRC's journey, leading to 2015. The 'cold war' of accountants, the writer, Md. Toufique...

Britain's gravest economic challenge isn't Brexit

Paul Wallace | 2017-11-22 00:00:00

Few British budgets have mattered as much as the one that Philip Hammond will deliver to the House of Commons on November 22. The chancellor of the exchequer must shore up Theresa May's perilously shaky government ahead of a vital...

How women shape coups

Raj Persaud and Peter Bruggen in London | 2017-11-22 00:00:00

Last week, Zimbabwe's generals took President Robert Mugabe into custody in an effective coup (though they insist on not calling it that). Days later, the country's ruling party, the Zimbabwe African National Union - Patriotic Front (ZANU-PF), moved to expel...

Who are the policy makers?

Hasnat Abdul Hye | 2017-11-22 00:00:00

Policy making in the public domain is not centralised but diffused over a diverse area giving powers to various functionaries as policy makers. They are all state actors of varying capacity and political weight but it is not uncommon to...

Final notices on four mobile firms over unpaid VAT

Doulot Akter Mala | 2017-11-21 00:00:00

The revenue board issued Monday final demand notices to the four mobile multinationals for clearing unpaid VAT worth Tk 8.83 billion. Officials said the Large Taxpayers Unit (LTU) under the VAT Wing of the National Board of Revenue (NBR) claimed...

Eateries, shops largely evade ECR use

Doulot Akter Mala | 2017-11-21 00:00:00

Many fast-food shops, bakeries, restaurants and retail outlets in Dhaka avoid issuing electronic cash register (ECR)-generated pay-slips to evade VAT payment, as monitors look on, sources said.Lack of awareness among the consumers and some VAT officials' connivance with errant businesses...

Deep-sea tuna fishing gets mired in imbroglio

Ismail Hossain | 2017-11-21 00:00:00

The launch of long-liner for fishing tuna fish in the deep-sea has further been delayed as none of the four licenced firms have bought the vessels yet for not having necessary survey on tuna and tuna-like species. The state-run fisheries...

Aid and development in historic perspective

Toaha Muhammad, Zinat Jahan Shanta, Sanjeeda Jinnuraeen Binte Ali, Rawnak Anika and Tajwar Quasem | 2017-11-21 00:00:00

Aid causes different reactions to different people. On one hand, it is a moral obligation to help poorer countries and people and on the other, there is the concern that financial transfers either do not work very well or even...