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Government seeks special WB financing thru IPFF window

Rezaul Karim | 2016-10-24 00:00:00

Government authorities have sought low-interest loans for project financing in private economic zones from the World Bank's Investment Promotion and Financing Facility (IPFF) window to nudge the EZs into takeoff. Officials said the Bangladesh Economic Zones Authority (BEZA) under the...

Dhaka, Colombo sit tomorrow to finalise maritime deal

Talha Bin Habib | 2016-10-24 00:00:00

A high-powered meeting between Bangladesh and Sri Lanka will be held in Dhaka Tuesday to discuss finalisation of a maritime connectivity agreement, aimed at boosting bilateral trade and commerce between the two countries, officials said. To participate in the first-ever...

Domestic paper industry booms as new mills come into play

Mohammad Wazed Ali | 2016-10-24 00:00:00

Domestic production of paper has increased substantially in the last few years due to setting up of new factories, sector insiders have said, which has helped mitigate the country's import dependence. At present, according to their estimate, around 60 per...

Encouraging growth in a low-growth world

Saleh Akram | 2016-10-24 00:00:00

As Europe is smarting from recession, the world economy is stuck in a low-growth trap. This is apparent from the kind of growth recorded by the developed economies over the last decade and a half. The central fact about this...

Risk management strategies in financial inclusion

Md. Saifullah Azad on the occasion of Financial Inclusion Week 2016 which concluded on October 23 | 2016-10-24 00:00:00

In recent years, a growing number of authorities both at national and international levels have made financial inclusion a policy priority. The international financial sector standard-setting bodies are increasingly engaged as well, moving to incorporate financial inclusion explicitly in their...

Women farmers discriminated against

Neil Ray | 2016-10-24 00:00:00

Any mention of farmers gives the impression of an all-male community engaged in cultivation. The seed of discrimination against women farmers lies here. Women farmers are discriminated against no matter if they contribute to farming either in developed or developing...

Price rise of essentials: Authorities look the other way

Shamsul Huq Zahid | 2016-10-24 00:00:00

The prices of at least four major essential items---rice, edible oil, sugar and salt---have recorded substantial rise in recent weeks. None barring the consumers seems concerned. However, there is no way of knowing the level of concern among individual consumers....

Shifting of metro route utilities begins Nov 01

Munima Sultana | 2016-10-23 00:00:00

City traffic is likely to take a fresh knock as the authorities are set to start on November 01 the shifting of utilities from the metro-rail route for building the communications corridor. Specially, commuters from Mirpur area may suffer much...

Eliminating extreme poverty by FY2031

Sadiq Ahmed and Shamsul Alam | 2016-10-23 00:00:00

Inspired by the exemplary development performance under the Sixth Five Year Plan (FY2010-FY2015), whereby Bangladesh sharply reduced modest and extreme poverty, improved human development and increased gross domestic product (GDP) growth rate to an average of 6.0% plus per year...

WB to preview financial flipside of new VAT law

Doulot Akter Mala | 2016-10-23 00:00:00

The World Bank will take a final look at the potential impact of the Value Added Tax and Supplementary Duty (SD) Act 2012 on the economy, especially on general prices and income distribution, before its enforcement.   Officials said a WB...

Listed companies show mixed performance

Mohammad Mufazzal | 2016-10-23 00:00:00

The listed companies, which so far made corporate declarations, have showed mixed performance during July-September, 2016 compared to same period of the previous year. According to un-audited financial statements, the companies which featured positive growths during July-September are: Marico Bangladesh,...

MRA seeks 230 strong workforce to police microfinance sector

Ismail Hossain | 2016-10-23 00:00:00

The microcredit regulator has worked out a proposal increasing its manpower to 230 from the current 87 to help police the microfinance sector efficiently. The Microcredit Regulatory Authority (MRA) sent the proposal to the banking and finance division of the...

World doubts the leadership of Uncle Sam, says Chinese expert

People's Daily of China | 2016-10-23 00:00:00

As the US has lost more international status and influence since the global financial crisis in 2008, the international community is raising doubts about its leadership and ability to contribute to the world, an expert said, analyzing that such a...

Harnessing innovations for financial inclusion

Md. Saifullah Azad | 2016-10-23 00:00:00

The global economy is still recovering from the global financial meltdown. Nevertheless, the focus on boosting global growth has never obscured the financial inclusion agenda. In fact, practitioners and policymakers do recognise the significance of financial inclusion and recognise it...

A progressive political alliance for Europe

Kemal Dervis | 2016-10-23 00:00:00

In less than three weeks, we will know who will be the next president of the United States. What kind of partner that president finds in Europe will depend substantially on the outcome of two elections in 2017: France's presidential...

BD-India dialogue on Oct 26

Talha Bin Habib | 2016-10-22 00:00:00

A policy dialogue on border bazaars will be held next week in India to discuss their impact on alleviating poverty of the people dwelling in remote areas of the two countries near the line, officials said. Cuts International, India will...

Beeline for Mongla port lands

Syful Islam | 2016-10-22 00:00:00

Both public and private sectors got into a rush to get lands in the vicinity of Mongla seaport for building industrial units, officials said, as entrepreneurs seemed lured by major uplift plans. This past week alone, the ministry of shipping...

Japan-funded projects facing blow for lack of consultants

Munima Sultana | 2016-10-22 00:00:00

A number of Japanese-funded projects in the country are experiencing setback, as many Japanese consultants are still uncertain about joining their work over Japanese consultants despite Bangladesh government's repeated assurance in this regard. Many Japanese companies are also refraining from...

Beauty enhancement or inviting perils!

Nilratan Halder | 2016-10-22 00:00:00

The industry that exploits the inborn human desire to look attractive is cosmetic industry. Even long before the start of the modern industrial age, people knew the use of fresh turmeric, sandal-wood paste, rose water and many other herbal leaves,...

Gene editing and seed stealing

Chee Yoke Ling and Edward Hammond in Austin, Texas | 2016-10-22 00:00:00

Four hundred years ago, John Rolfe used tobacco seeds pilfered from the West Indies to develop Virginia's first profitable export, undermining the tobacco trade of Spain's Caribbean colonies. More than 200 years later, another Briton, Henry Wickham, took seeds for...

Glory days of handwriting gone

Saleh Akram | 2016-10-22 00:00:00

The art of handwriting is fast disappearing and will soon be treated as a matter of the past and thrown into the archives. Whether handwriting should be allowed to decline and gradually fade into oblivion or not is an issue...

Improve fiscal health by slashing classified loans

Siddique Islam | 2016-10-21 00:00:00

The central bank has asked the four state-owned commercial banks (SoCBs) to improve their financial health immediately through reducing the volume of classified loans. The public sector banks have also been advised to go for disbursing small- and medium-scale loans...

India raises concern over BD trade protection

Syful Islam | 2016-10-21 00:00:00

India has expressed concern over a set of measures Bangladesh took in the current budget to protect domestic industries, which are in turn 'affecting' their business in Bangladesh, officials said on Thursday. Indian Deputy High Commissioner in Dhaka Dr Adarsh...

Teletalk to be tough competitor in one yr

Tarana says while opening service centre | 2016-10-21 00:00:00

State Minister for Posts and Telecommunications Tarana Halim on Thursday said Teletalk, the state-owned mobile phone operator, will emerge as a strong competitor in the country's telecom market within a year with its improved network and services, reports UNB. "Different...

A paradigm shift from public procurement to PPP procurement

Shafiul Alam | 2016-10-21 00:00:00

Public-Private Partnership (PPP) is a growing concept under the present-day market oriented economy across the world. In the implementation of large public infrastructure projects governments can find it convenient to involve the private sector for enhancing skills, quality, competitiveness and...

Progress towards children\'s well-being in South Asian countries

S. M. Rayhanul Islam | 2016-10-21 00:00:00

Since the adoption of the Convention on the Rights of the Child (CRC) in 1989, the world has taken various initiatives for its children for doing everything to protect and promote their rights - to survive and thrive, to learn...

Streamlining ambulance service

Nilratan Halder | 2016-10-21 00:00:00

When a vehicle called ambulance itself is a misnomer, its service beggars description. It is a wholesale racket that is going on in the name of private ambulance service in the city and elsewhere in the country. The very premise...

Computing real data on service export

Asjadul Kibria | 2016-10-21 00:00:00

Trade in services or service trade is still a confusing concept in many countries including Bangladesh.  Unlike merchandise trade where visible products and commodities are exchanged among the trading partners in the form of export and import, trade in services...

Bangladeshi roots: Nationalism as a source of instincts

Imtiaz A. Hussain in the fourth of a five-part series titled Instincts and international relations | 2016-10-21 00:00:00

Bangladesh does not have any balance-of-power/security or balance-of-trade/economic history long enough or strong enough to breed instincts of the sort hitherto discussed in this series: true, as East Pakistan we were part of the South-east Asian Treaty Organisation (SEATO) U.S....

Product development competition in JU

Syed Ashraf Ali | 2016-10-20 00:00:00

In the era of modern business models and strategies, a business graduate can achieve different skill sets and experiences through participating in a wide range of business competitions nationally and globally which help them prepare for the business world. On...