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China's postal service occupies nearly 20pc global market share

Hou Lulu | 2017-10-28 00:00:00

BEIJING, Oct 27: The market size of China's postal service is approaching 1/5 of the world's total market scale, the country's State Postal Bureau (SPB) reported at a recent press conference.China now has the world's fastest-growing postal business, with the...

Agent banking: The momentum gathers pace

Md. Mazadul Hoque | 2017-10-28 00:00:00

Agent banking operation in the country's far-flung areas has turned out to be a money multiplier among unbanked population getting access to need-based services, including small-scale investment facilities. The banks through agent banking outlets across the country achieved aggregate deposits...

How climate change will influence sartorial options

Nilratan Halder | 2017-10-28 00:00:00

When Bangla calendar has heralded the season Hemanto noted for the overhanging haze, there is surprise for all keen observers. First, the haze is missing. It gave for most part of the first week the false impression of the Autumn...

‘China’s Garlic town’ goes global

Hou Lulu | 2017-10-28 00:00:00

BEIJING, Oct 27: China's 'garlic town' sees bright business prospects after successfully standardising production, optimising the industrial chain, and introducing an insurance system. China is home to over half of the world's garlic production, while 70 per cent of such...

China embraces massive influx of returnees

Liu Lingling | 2017-10-28 00:00:00

BEIJING, Oct 27: China is in the middle of the third major influx of overseas Chinese students, media reported recently. Some experts predicted there will be a historical shift that China sees more inflow than outflow of talented people over...

Two bodies on LNG fund hunt, consumer pricing

Syful Islam | 2017-10-28 00:00:00

The government has formed two bodies to find sources for funding the import of liquefied natural gas (LNG) and fix its price at consumer level, as the fuel-import move progressed.Officials said efforts are underway to supply the cleanest hydrocarbon by...

Stocks extend losing streak as banking issues dip

Babul Barman | 2017-10-28 00:00:00

Stocks witnessed yet another bearish week that ended Thursday as cautious investors continued their selling spree amid mixed earnings and dividend declarations of several listed companies.Brokers said the central bank's recent punitive action against seven banks affected the market. As...

Traders call for restructuring registration, renewal fees

Talha Bin Habib | 2017-10-28 00:00:00

Traders have suggested that the government should restructure the registration and renewal fees for the import and export permits in order to boost import and export business in the country. Several trade bodies have also agreed to initiate a move...

Vitals of research

Saleh Akram | 2017-10-28 00:00:00

An integral part of learning, research in educational institutions are generally neglected and at times ignored in many parts of the world. If central underpinnings of research activities are any clue, research is required not just for students and academics,...

More than rice

Abdul Bayes | 2017-10-28 00:00:00

The era of rice predominantly influencing Bangladeshi diet seems to have gone. Urbanisation, sustained income growth and decline in poverty "are continuing to change consumption patterns and heighten demand for a more diverse range of agricultural products". Consumers aside, the...

Winning the war over trade

Natalie Blyth | 2017-10-28 00:00:00

Trade is more contentious now than it has been for decades. Since their heyday during the 1980s and 1990s - which saw the creation of the WTO, the birth of NAFTA and China's rapid integration into the global economy -...

Sushma Swaraj's visit to Dhaka: Mixed signals

M. Serajul Islam | 2017-10-28 00:00:00

Indian External Affairs Minister Sushma Swaraj's 24-hour-long official visit was undertaken ostensibly for the meeting of the India-Bangladesh Joint Consultative Committee with her counterpart, the Bangladesh Foreign Minister AH Mahmud Ali. That meeting was duly held but interested quarters in...

Economic growth is no longer enough

Manuel Muñiz in Madrid | 2017-10-28 00:00:00

Macroeconomic data from the world's advanced economies can be mystifying when viewed in isolation. But when analysed collectively, the data reveal a troubling truth: without changes to how wealth is generated and distributed, the political convulsions that have swept the...

The quest for sustainable development for all

S. M. Rayhanul Islam | 2017-10-27 12:00:00

At the Millennium Summit in 2000, the global community - the heads of Governments from193 countries - committed to achieve sustainable changes on a massive scale for millions of people across the world and identified the eight Millennium Development Goals...

NCC moves to build an LRT under PPP sans any study

Munima Sultana | 2017-10-27 00:00:00

Narayanganj City Corporation (NCC) has taken a move to construct a light rapid transit (LRT) system as a remedy to the city's traffic congestion, although there is no mention of any such service in the Strategic Transport Plan (STP).Sources said...

BB finds actual imports’ mismatch with orders

Siddique Islam | 2017-10-27 00:00:00

The Bangladesh Bank (BB) has found a serious mismatch between actual imports and import orders of capital machinery and machinery for miscellaneous industries in the first two months of the current fiscal year (FY).The issue came into the spotlight after...

China announces four new institutions

Liu Junguo | 2017-10-27 00:00:00

BEIJING, Oct 26: One important announcement from China's President Xi Jinping in his last week's report to the 19th National Congress of the Communist Party of China (CPC), which concluded in Beijing last Tuesday, concerned the setting up of four...

Making development a costly business

Shamsul Huq Zahid | 2017-10-27 00:00:00

It has been more of a common practice on the part of most government agencies to delay execution of development projects, leading to two to threefold hike in their costs. Allegations have it that, in some cases, such implementation delays...

Unfolding spectre of a polarised world

Nilratan Halder | 2017-10-27 00:00:00

It is no mean achievement to register poverty reduction to 24.3 per cent in 2016 from 31.5 per cent in 2010. The decline in extreme poverty from 17.6 to 12.9 per cent over the same period also looks impressive on...

Policymakers' obsession with growth fuels inequality

Asjadul Kibria | 2017-10-27 00:00:00

Now this is official. Inequality has increased in the country as economic growth is moving upward. On one hand, the growth rate of Gross Domestic Product (GDP) surged to 7.11 per cent in FY16 from 5.57 per cent in FY10,...

Move underway to raise dealers’ commission on OMS rice, wheat

Rezaul Karim and Talha Bin Habib | 2017-10-26 12:00:00

A move is underway to raise dealers' commission on open market sale (OMS) of rice and wheat to help curb malpractices in sales by authorised traders, sources said.The food ministry has sent a proposal to the finance ministry, seeking its...

LTU serves demand notices on big shots to pay VAT arrears

Doulot Akter Mala | 2017-10-26 00:00:00

Revenue board's value-added tax (VAT) wing served demand notices on 37 large taxpayers to realise VAT arrears worth Tk 6.93 billion, against the backdrop of its target shortfalls. Officials said among the VAT-payers, the state-owned Bangladesh Telecommunications Company Limited (BTCL)...

Seven errant banks seek exoneration from penalty

Siddique Islam | 2017-10-26 00:00:00

Seven commercial banks have appealed to the central bank's board of directors to waive the financial penalty imposed on them for violating the rules relating to share-market investment.Their petitions may be included in the agenda for the board meeting scheduled...

Demystifying big data analytics

Saqiful Alam | 2017-10-26 00:00:00

In recent times, 'big data' and 'analytics' are two of the common terms that regularly pop up in blogs, vlogs, career advices and in stories of organisations coming up with nifty new products. Despite the heavy chatter, questions such as...

Looming US-Canada trade war

Sayed Kamaluddin | 2017-10-26 00:00:00

The United States administration under President Donald Trump appears determined to create trade problems for all, including its closest allies, and in the process has been isolating itself without really understanding its implications. One of a series of such spat...

Writing an obituary on planning as a national policy? Not yet

Hasnat Abdul Hye | 2017-10-26 00:00:00

Almost every country follows a development policy that forms part of the general economic policy. Where the development policy is comprehensive embracing all sectors, the latter is subsumed under it, making no distinction between the two. The best example of...

China’s retail business set to pick up growth amid signs of structural recovery

Hou Lulu | 2017-10-25 00:00:00

BEIJING, Oct 24: China's retail business has shown a sign of structural recovery as its large retailers began to pick up growth since the second half of 2016.Sales of 2,300 retailing enterprises in China grew by 4.1 per cent year...

FSIBL vows to promote SME, agriculture, women entrepreneurship

Special Correspondent | 2017-10-25 00:00:00

First Security Islami Bank (FSIBL) has launched vigorous campaign to promote SME, agriculture and women entrepreneurship aiming to contribute more in the development of country's home-grown economy."SME, agriculture and women entrepreneurship are our key priorities to help create a supportive...

Promoting rooftop solar power for green energy

Sarwar Md. Saifullah Khaled | 2017-10-25 00:00:00

Aiming to promote rooftop solar energy across the country, the government has initiated a move to conduct a study on framing "Net Metering Policy", or "NMP". Under the proposed policy, according to official sources, users of rooftop solar power will...

Economic theories that have rationalised decision-making process

Helal Uddin Ahmed | 2017-10-25 00:00:00

This year's Nobel Prize for Economic Sciences went to the University of Chicago professor and US economist Richard Thaler for his incorporation of psychologically realistic assumptions in the analyses of economic decision-making by humans. He has demonstrated through his studies...