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From an economic cripple to a development puzzle

Abdul Bayes | 2016-11-19 00:00:00

At independence in 1971, Bangladesh was considered as an 'economic cripple'. It was feared further that there would be no light at the end of the tunnel. A volley of reasons worked behind this unfortunate doomsday prediction: overpopulation, poor natural...

Banks struggling to hit turnover heights

Mohammad Mufazzal | 2016-11-18 00:00:00

The listed banks have failed for the fourth consecutive year to regain the top position in the turnover board of the country's both bourses although over five years have already elapsed since the last stock market debacle. Banks used to...

High land price dents garment village dream

Syful Islam | 2016-11-18 00:00:00

The planned garment industrial park at Gazaria in Munshiganj district seems a forlorn hope as Chinese investors are unwilling to invest in the project for high cost of land, sources said. Losing hope about the garment village in that area,...

Higher NPLs weaken CRAR in Bangladesh

Siddique Islam | 2016-11-18 00:00:00

The capital-to-risk weighted asset ratio (CRAR) of Bangladesh's banking sector stands in a lower position than those of India, Pakistan and Sri Lanka due to higher volume of classified loans, particularly in the public sector banks here. According to the...

Building a community of shared destiny for common progress

People's Daily of China | 2016-11-18 00:00:00

Chinese President Xi Jinping is going to pay state visits to Ecuador, Peru and Chile. China and Latin American and the Caribbean states are all developing countries in about the same development stage and face the same task of striving...

Exploring the commercial identity of Bangladeshi cinema

Helal Uddin Ahmed | 2016-11-18 00:00:00

Despite massive technological progress around the world over the past few decades, cinema still remains one of the most popular mediums of entertainment. Bangladesh is no exception, especially in areas outside capital Dhaka, where it remains a prominent component of...

Where police set shining examples

Nilratan Halder | 2016-11-18 00:00:00

Over the decades the police have constructed for them a negative image in general. It is partly because of some rogue members among them and partly because theirs is a thankless job. Ever since the Yasmin and Seema rape and...

Flawed link of GSP with labour issue

Asjadul Kibria | 2016-11-18 00:00:00

The latest assertion of the US envoy in Bangladesh that restoration of the Generalised System of Preference (GSP) largely depends on the improvement of the country's labour standard and factory conditions is not a new thing. She reiterated the so-called...

Businesses demand VAT threshold up at Tk 5.0m

Doulot Akter Mala | 2016-11-17 00:00:00

Businesses demand raising the value-added tax (VAT) threshold for small traders to a turnover of Tk 5.0 million from Tk 3.0 million as a trade-off in withdrawing the package-VAT system. Former FBCCI vice-president and president of Dhaka Mohanagar Dokan Malik...

Classified loans leap to Tk 143.60b in 9 months

Siddique Islam | 2016-11-17 00:00:00

Loads of classified loans in the country's banking sector have leapt by nearly 28 per cent or Tk 143.60 billion in the first nine months of the current calendar year, belying close monitoring by the central bank. The volume of...

AMAL, dedicated healthcare service for underprivileged children

Muhammad Abdul Mukit | 2016-11-17 00:00:00

"This may sound weird but 3 out of 5 underprivileged kids here in Bangladesh are devoid of healthcare facilities. The number of suffering kids in the country is staggering 4 million," says Esrat Karim Eve, founder of 'AMAL'. She mentioned...

How effective is pictorial warning on tobacco packets?

Doulot Akter Mala | 2016-11-17 00:00:00

There were mixed results as global tobacco control parties met at a six-day negotiation at the seventh session of Conference of Parties (COP7) at New Delhi from November 07 to November 12, 2016.  The COP to the Framework Convention on...

Remembering Maulana Bhashani

Shaikh Sakayot Hossain Nilu | 2016-11-17 00:00:00

Today is the 40th death anniversary of Maulana Abdul Hamid Khan Bhashani. He died on November 17, 1976 in at the age of 96. Banglapedia records: "Bhashani was born in 1880 at village Dhanpara of Sirajganj district. His father was...

Private equity in Bangladesh: A road yet not traversed

Wali-ul-Maroof Matin | 2016-11-17 00:00:00

Bangladesh Securities and Exchange Commission (BSEC) passed the "Bangladesh Securities and Exchange Commission (Alternative Investment) Rules, 2015" in mid-2015. The registration and regulation of fund, fund managers, trustee, investors etc. of the private equity and venture capital firms of Bangladesh...

US presidential election: \'The race, stupid\'

M. Serajul Islam | 2016-11-17 00:00:00

In the USA, in 1948, all polls of the time and predictions had stated that the Republican nominee Thomas E Dewey would easily defeat the Democratic Party's nominee and the incumbent President Harry Truman who had become the President after...

Policy spotlight on raising productivity

Ahsan Mansur in continuation of his economic analysis, 'Increased productivity is key to Bangladesh becoming an export power house', that appears on the front page of today's issue of this paper | 2016-11-17 00:00:00

Productivity can be measured at different levels -- macro, sectoral, geographic, and so on. However, the most robust representation is at the level of the firm. The firm as the unit of analysis and firm dynamics as the driver of...

Govt issues one more T-bill

Siddique Islam | 2016-11-16 00:00:00

The government has introduced one more short-term treasury bill (T-bill) to manage its cash in a better way, officials said. First auction of the newly-introduced 14-Day T-bill will be held at the Bangladesh Bank (BB) today (Wednesday) as per the...

A world shadowed by ‘shadow economy’

Shamsul Huq Zahid | 2016-11-16 00:00:00

None knows for sure the size of the global shadow economy, for most people do talk about tackling it but not many of them have ever tried to find perfect ways of measuring it.  Its definition is also somewhat blurred....

Revenue board won’t budge on scrapping package VAT

Doulot Akter Mala | 2016-11-16 00:00:00

Despite protest by businesses, the National Board of Revenue (NBR) would prefer to scrap the package VAT system in the next fiscal year after finding poor revenue yield from the measure. According to the available data of the NBR, its...

B\'desh, Nepal joint survey next month to find BBIN road route

Munima Sultana | 2016-11-16 00:00:00

A joint survey between Bangladesh and Nepal under the BBIN (Bangladesh, Bhutan, India and Nepal) to find the potential road route will begin on December 5, officials said. They said both the countries agreed to conduct the survey from Kathmandu...

Enabling the Asia-Pacific to continue to be the engine of global growth

People's Daily of China | 2016-11-16 00:00:00

Chinese President Xi Jinping will attend the 24th Asia-Pacific Economic Cooperation ?APEC? Economic Leaders' Summit in Lima, Peru from November 19 to 20. China has been an active participant and contributor, playing a significant role in promoting the construction of...

Building a shared vision for BRI

Nicholas Rosellini | 2016-11-16 00:00:00

We live in a world of increasing interdependency and complexity, where international cooperation is necessary, however increasingly multifaceted and complicated. Global challenges such as climate change, global health and security issues require ever higher degrees of global effort and collaboration...

Cooperation for economic integration of South Asia

Md. Joynal Abdin | 2016-11-16 00:00:00

Economic integration is unification of economic policies among different states through partial or full abolition of tariff and non-tariff restrictions.  The framework of the theory of economic integration was first laid out by Jacob Viner (1950). He introduced terms trade...

On laggards and leaders

Abdul Bayes | 2016-11-16 00:00:00

There is a large body of literature dealing with modern technology adoption. Quite obviously, the advent of modern technology, say in agriculture, tends to attract large and medium farms first and the smaller ones at a later stage. Even it...

Q1 income tax receipt well below target

Doulot Akter Mala | 2016-11-15 00:00:00

Income-tax collection for government exchequer in the first quarter of the current fiscal year (FY) fell short of an even curtailed target by Tk 12.43 billon. Officials attributed the shortfall largely to a deficit in receipts from corporate businesses. The...

EC seeks Tk 3.35b more to prepare voter list, ID cards

Rezaul Karim | 2016-11-15 00:00:00

The Election Commission (EC) has sought an additional allocation of Tk 3.35 billion from the government to prepare the voter list and the national identity cards, officials said. Some Tk 500 million has already been allocated for preparing the voter...

Ital-Thai again misses fiscal report deadline

Munima Sultana | 2016-11-15 00:00:00

Uncertainty to start counting concessional period of Dhaka Elevated Expressway (DEE) project is yet to over, as its contractor once again missed the deadline for submission of financial report as per the contract. Italian-Thai Development PLC, contractor of the public-private...

Govt to appoint C&F agents to Mongla, Ctg seaports

Talha Bin Habib | 2016-11-15 00:00:00

The government is set to appoint clearing and forwarding (C&F) and transport agents to Mongla and Chittagong seaports for quick unloading and transport of imported fertilisers and other goods by Bangladesh Agricultural Development Corporation (BADC), officials said. To this effect,...

SDGs implementation: The role of social enterprises

Md. Ashadul Islam | 2016-11-15 00:00:00

Governments and the UN system have an enormous responsibility in overseeing the achievements of the Sustainable Development Goals (SDGs). But they cannot accomplish the task alone. Complexity and urgency of SDGs require new approaches that would literally mobilise every sector...

Southeast Asia gets trumped?

Le Hong Hiep in Singapore | 2016-11-15 00:00:00

With his shocking victory in the US presidential election, Donald Trump has made history - and made a lot of people very afraid. In fact, his rise threatens to incite a revolution that shakes the foundations not only of American...