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BR’s airport station to host multimodal transport hub

Munima Sultana | 2016-10-28 00:00:00

The parties concerned have reached an agreement over establishment of a multimodal transport hub at the airport station of Bangladesh Railway (BR) burying more than five years of stalemate over the site selection. Transport experts have favoured the site in...

BCIC seeks fertiliser subsidy, or hike in urea sales price

Syful Islam | 2016-10-28 00:00:00

Bangladesh Chemical Industries Corporation (BCIC) has requested the government to set higher the price of urea fertiliser or provide a subsidy of Tk 4,000 per tonne to offset the losses it incurs due to selling the agriculture input at an...

Increasing corporate cases block Tk 60b in unpaid taxes

Doulot Akter Mala | 2016-10-28 00:00:00

Some common disputes between taxmen and big taxpayers create room for incremental revenue-related court cases in the country that stuck up income tax worth Tk 60 billion. Officials said the tax revenue overdue from large corporate taxpayers under the Large...

News Briefs

S Alam ends land survey of Banshkhali plant next week | 2016-10-28 00:00:00

CHITTAGONG, Oct 26: Digital land survey of the country's largest private sector coal-fired power plant at Gandamara under Banskhali upazilla of the district will end next week. S Alam Group is the major partner of SS Power Limited, owner of...

Shipping line with Myanmar to dominate next month’s talks

Talha Bin Habib | 2016-10-28 00:00:00

Bangladesh will make efforts to persuade Myanmar to establish a coastal shipping line during the commerce secretary level meeting in the latter's capital Naypyidaw next month, officials said. The meeting is expected to be held in the second week of...

From Trump to Tramp or vice versa!

Nilratan Halder | 2016-10-28 00:00:00

Charlie Chaplin's most famous comic character, The Tramp has many things in common with his near namesake, Donald Trump. The antics of the little vagrant fellow in Chaplin's silent films are meant for social sarcasm, whereas Trump, the Republican candidate...

Central bank warns NBFIs against irregularities

Siddique Islam | 2016-10-27 00:00:00

The central bank warned the non-banking financial institutions (NBFIs) against irregularities over lending and concealing information in reporting their financial affairs. Officials said the fresh warning came at a meeting of the chief executive officers (CEOs) and managing directors (MDs)...

Bangladesh Science Society for development of life skills

Ahmad Abdullah Rifat | 2016-10-27 00:00:00

Bangladesh Science Society, one of the leading science organisations of Bangladesh, has covenanted with Praekelt Foundation, a South Africa based non-profit organisation. With a view to conveying science related knowledge and work-field information to the people of Bangladesh, these two...

BSEC asks ICB to explain its position

Mohammad Mufazzal | 2016-10-27 00:00:00

The securities' regulator has asked the state-run Investment Corporation of Bangladesh (ICB) to explain its 'position' regarding management of ICB Unit Fund, as the corporation is found not 'registered' as a fund manager. The regulatory move came to bring the...

Keeping American democracy in suspense?

Abdur Rahman Chowdhury from Falls Church, Virginia, USA | 2016-10-27 00:00:00

Since the second presidential debate held on October 09 the political atmosphere in the United States has taken a turn for the worse. Donald Trump sharpened attacks against his rival Hillary Clinton and continued tirade against the minority communities. He...

Corruption undermines state\'s legitimacy

Helal Uddin Ahmed concluding a two-part article titled Revisiting the causes and costs of corruption | 2016-10-27 00:00:00

According to a United Nations Development Programme (UNDP) Report, "Corruption is widespread in social services such as health and education, as well as in public utilities that provide electricity and water. As a result, poor people find themselves excluded from...

Trump\'s statement appals both Democrats and Republicans

M. Serajul Islam concluding a two-part article from Maryland, USA | 2016-10-27 00:00:00

The media knew all along that Donald Trump would be a disaster. They indulged him nevertheless, first, in order to make the election competitive, and second, that he had energized a huge base with a strong message against Washington's "political...

ACC recipe for ailing banking sector

Shamsul Huq Zahid | 2016-10-26 00:00:00

It is no secret that the country's banking sector faces a disconcerting situation. Much of the blame for this untidy state of affairs, now prevailing in the sector, goes to the state-owned banks. The sector regulator, the Bangladesh Bank (BB)...

BB appoints observer to First Finance Ltd

Siddique Islam | 2016-10-26 00:00:00

The central bank has appointed an observer to another non-banking financial institution (NBFI) to closely monitor its operations, officials said. A K M Amjad Hussain, general manager of Financial Integrity and Customer Services Department of Bangladesh Bank (BB), has been...

Dhaka to seek Chinese co-op in jute sector

Talha Bin Habib | 2016-10-26 00:00:00

A high-powered government delegation will visit China later this month to strengthen bilateral cooperation for revitalising the country's jute sector, officials said.   To be led by state minister for textiles and jute Mirza Azam, the 15-member Bangladesh delegation is expected...

Corruption: A governance problem

Helal Uddin Ahmed in the first of a two-part article titled Revisiting the causes and costs of corruption | 2016-10-26 00:00:00

Corruption is a universal phenomenon which existed in one form or another since time immemorial. A review of penal codes used in ancient civilisations clearly indicates that bribery was a serious problem among the Jews, the Chinese, the Japanese, the...

Donald Trump and the ugly face of America

M. Serajul Islam in the first of a two-part article from Maryland, USA | 2016-10-26 00:00:00

Francis Key Scott, a lawyer and an amateur poet, wrote the US national anthem The Star-Spangled Banner in 1814. In 1861, Oliver Wendell Holmes added the fifth and last stanza of the anthem in the indignation of the start of...

Whither double taxation treaties?

Muhammad Abdul Mazid | 2016-10-26 00:00:00

It is not unusual for a businessman or an individual, who is resident in one country, to make a taxable gain (earnings) in another country. This person may find that he is obliged by domestic laws to pay tax on...

NBR may want employees\' salary put on hold

Doulot Akter Mala | 2016-10-25 00:00:00

Revenue authorities may seek help of the Controller General of Accounts (CGA) to hold up salary of the taxable government employees who fail to submit tax returns by the November 30, 2016 deadline. The income-tax wing of the National Board...

China joins race for metro rail building

Munima Sultana | 2016-10-25 00:00:00

China, which is building Bangladesh's biggest bridge and broad highways, is lately dominating the bidding process for construction of the country's first metro rail in the capital. Official sources said two Chinese, one Thai and two Indian companies submitted their...

PM to open dredged up river route Thursday

Syful Islam | 2016-10-25 00:00:00

The dredging of Mongla-Ghasiakhali channel has been completed with adequate navigability for vessels up to 15-feet draft, officials said. The channel is expected to be opened formally by Prime Minister Sheikh Hasina through video conferencing Thursday. "It is now ready...

BB asks BKB, RAKUB to reduce default loans

Siddique Islam | 2016-10-25 00:00:00

Bangladesh Bank (BB) has asked two state-owned specialised banks (SBs) for taking effective measures immediately to reduce the volume of classified loans and improve their respective financial health, officials said. Bangladesh Krishi Bank (BKB) and Rajshahi Krishi Unnayan Bank (RAKUB)...

Investment facilitation in Bangladesh, and globally!

Syed Mafiz Kamal | 2016-10-25 00:00:00

For all the reservations about its investment climate there is little doubt that Bangladesh could be a hot prospect for global investors due to its growth momentum, its favorable demographics and hard-working labour force, and its track record of export...

BRICS continues to play an effective role in global economy

Sarwar Md. Saifullah Khaled | 2016-10-25 00:00:00

The member  countries of BRICS- Brazil, Russia, India, China and South Africa -   representing nearly half of the world's population were looking for ways to boost trade among  their developing economies at a summit on October 15-16, 2016 in the...

US presidential race now a ferocious battle between bigwigs

Josef Braml | 2016-10-25 00:00:00

US democracy is now facing fundamental challenges: growing inequality and stagnant social mobility. Instead of combating these challenges, the government has adopted clientele policy in the interest of election campaigners, putting its people in a powerless position. The US political...

Nutrition—lessons from Indian experience

Abdul Bayes | 2016-10-25 00:00:00

In the realm of research on nutrition-agriculture linkages, we tend to forget, more often than not, that national policies are more important than household-level attempts at raising income or diversifying cropping patterns or composition of crop outputs. In many countries...

Can Nepal be a bridge between China and South Asia?

Sayed Kamaluddin | 2016-10-25 00:00:00

Nepal's new Prime Minister Pushpa Kamal Dahal alias Prachanda (the Fierce One) on return from his first official trip to New Delhi said that he would try to make his country a bridge between China and South Asia, including India....

Upwardly-mobile instinct: Bangladesh beyond maelstrom

Imtiaz A. Hussain concluding a five-part series titled Instincts and international relations | 2016-10-25 00:00:00

With upward-mobility as an instinct, Bangladesh is poised to climb relatively higher than with any other instinct if, and only if, it seizes the opportunity. That opportunity has been paved by the convergence of one of the dominant instincts of...

BD outbids China as top cotton importer

Siddique Islam | 2016-10-24 00:00:00

Bangladesh has overtaken China as world's top cotton importer with a significantly expanding global market share to feed stronger demand from apparel makers. Such transition in the arena of import of raw materials for the garment industry is adjudged by...

Customs suspects duty leaks thru luggage loads

Doulot Akter Mala | 2016-10-24 00:00:00

Customs intelligence suspects duty dodging through smuggling and overstuffing of luggage by passengers of the Maitree express train owing to inadequate logistics and customs-security measures.     It has proposed that the revenue board strengthen security measures in luggage transportation on the...