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Is Africa still rising?

Brahima S. Coulibaly in Washinton, DC | 2017-10-11 00:00:00

Between 2000 and 2014, Africa grew at a strong clip, fuelling belief in the narrative of an "Africa rising." But, since 2015, growth across Sub-Saharan Africa has weakened, and the poor outlook for commodity prices has cast doubt on Africa's...

Increasing trend of farm mechanisation

Abdul Bayes | 2017-10-10 12:00:00

A group of researchers from the Dhaka office of the Washington-based International Food Policy Research Institute (IFPRI) - Akhter Ahmed, Latiful Haque, Aminul Islam, Farha Sufian, and Salauddin Tauseef - analysed agricultural performance of Bangladesh based on a panel data...

Govt won’t supply ECR to businesses

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

The government backtracked on its decision to supply Electronic Cash Register (ECR) to businesses to avert an after-sales obligation, officials said. On an afterthought, the authorities found out that after-sales service would be required to operate the device for financial...

Sponsor-directors go for more bank shares ahead of change in law

Mohammad Mufazzal | 2017-10-10 00:00:00

The country's capital market has become mostly dependent on the banking sector in recent times mainly due to increased participation in transactions of banks' shares by the sponsor-directors, according to stock brokers and market insiders. The banking sector contributed up...

Economy faces downside risks

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

Country's economy faces some downside risks in the near term predominantly for an upturn in inflation, says a quarterly review by the central bank.The latest Bangladesh Bank Quarterly (BBQ) outlook on the country's economic situation for April-June 2017 carries the...

State-run sugar mills' losses reach Tk 30b

Rezaul Karim | 2017-10-10 00:00:00

State-run sugar mills' losses are gradually increasing as they are not adjusting production costs with accumulated losses hitting a new high of around Tk 30 billion, officials said."The cash-strapped sugar mills are still struggling to meet regular expenses. Bangladesh Sugar...

Plan yet to see any tangible progress

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

The government's plan to set up a central warehouse for preserving and processing agriculture produce is yet to see any progress even after one year of taking the decision due to bureaucratic tangle, officials said. The government last year decided...

Dealing with damaging institutional inertia

Mohamed A. El-Erian in London | 2017-10-10 00:00:00

Deeply rooted, credible, accountable, and effective institutions have long been deemed crucial for a society's lasting wellbeing and prosperity. They shield countries from frequent and unsettling volatility, be it economic, political, or social, and they reduce the risk of costly...

The disunited states of American gun control

Jeffrey D Sachs in London | 2017-10-10 00:00:00

The Las Vegas massacre and its aftermath are pure Americana. A deranged person lugs nearly two dozen high-tech assault weapons to a 32nd-floor hotel room to spray death upon concertgoers in a mass murder and suicide. In response, the culture...

BB fines seven errant banks

Siddique Islam | 2017-10-09 00:00:00

The central bank fined seven commercial banks for their recent share-market activities by violating the legal sanction, officials said."We've imposed the fines with substantial amount of money on the banks for violating the rules of the existing Banking Companies Act...

Govt earnings from DSE soar 174 per cent in Q1

Babul Barman | 2017-10-09 00:00:00

The government revenue earnings from the Dhaka bourse marked a 174 per cent rise in first quarter (Q1) for July-September period of the current fiscal year compared to the same quarter a year ago as trading volume was on the...

Three ways ahead for the Eurozone

Kemal Dervis in Washington, DC | 2017-10-09 00:00:00

After a tumultuous year, politics seem to be stabilising across Europe. Though the far-right Alternative für Deutschland (AfD) gained almost 13 per cent of the vote in Germany's recent federal election, it does not pose a serious threat to Chancellor...

How hot is chilli!

Neil Ray | 2017-10-09 00:00:00

When 'hot' or 'strong' is used to qualify the taste of a chilli, it proves to be a very poor soubriquet for the burning sensation the spicy pod gives in the mouth. But then the taste buds of most people...

Climate change and environmental epidemiology

Mohammed Abul Kalam | 2017-10-09 00:00:00

In a broader context of epidemiologic transition and economic development, the changing age and geographic distribution of the global population will continue transforming environmental health-research priorities. Average lifespan has gone up across the globe, including important gains in low-income countries...

Why does India look askance?

M. Serajul Islam | 2017-10-09 00:00:00

BANGLADESH FOREIGN SECRETARY MOHAMMED SHAHIDUL HAQUE AT THE INDIA ECONOMIC SUMMIT IN NEW DELHI ON OCTOBER 05, 2017: "We cannot be isolated in the name of sovereignty…There are times when you have to put the sovereignty issue behind, in the...

Industrial imports surge 26pc

Siddique Islam | 2017-10-08 00:00:00

Industrial imports increased by more than 26 per cent or US$1.54 billion in the first two months of the current fiscal year (FY) mainly due to a surge in capital machinery imports, officials said.The actual imports in terms of settlement...

Taxmen to jumpstart scrutiny of tax returns

Doulot Akter Mala | 2017-10-08 00:00:00

Taxmen will jumpstart scrutiny assessment, dubbed 'return process', just after submission of tax returns in the current fiscal year (FY) to detect any arithmetical flaws.All tax returns must go through such scrutiny, called return process, within one year of submission,...

Theory and practice of development planning - a critical appraisal

Helal Uddin Ahmed | 2017-10-08 00:00:00

Planning, Development and Management are key concepts in the field of Development Administration. In a developing country like Bangladesh, development is the ultimate goal of administration, and planning and management are the means to achieve it. This concept may be...

Stocks break two-week losing streak

Babul Barman | 2017-10-07 00:00:00

Stocks rebounded this week, snapping a two-week losing streak, as investors retained appetite for banking issues amid optimism.Market insiders said stocks broke the losing spell riding on the wave of investors' buying mood, who focused on banks, financial institutions and...

Govt borrows $1.0 billion loan for six entities

Rezaul Karim | 2017-10-07 00:00:00

The government has borrowed nearly US$ 1.0 billion (100 crore) from international lenders in favour of its different entities, officials said.In late September, the standing committee on non-concessional loan (SCNCL) of the government approved six loan deals in this regard.Some...

Insurers owe SBC billions as premium

Syful Islam | 2017-10-07 00:00:00

Country's private-sector non-life insurance companies owe billions of taka to Sadharan Bima Corporation (SBC) in reinsurance premium against their risk the state-owned insurer covered, officials said.The insurance firms allegedly fail to pay the premium to the SBC as their high...

Deferred new VAT law faces further vetting

Doulot Akter Mala | 2017-10-07 00:00:00

Government's revenue authorities have decided to conduct afresh an impact assessment of the new VAT law, pending its now-deferred enforcement, as skepticism cropped up.Sources said the National Board of Revenue (NBR) made the decision as some field-level scrutiny pointed out...

Limiting AGP use in food animals

Hossan Md. Salim | 2017-10-07 00:00:00

Antibiotic use in animal and poultry feeds has been there since the middle of the last century. These are used at sub-therapeutic levels to promote growth of food animals. However, judicial use of antibiotics in food animals for growth promotion...

Flights of unmanned fancy—the stuff of fantasy

Carlo Ratti in Boston | 2017-10-07 00:00:00

Few pieces of modern hardware have inspired as much excitement as the drone. While nonmilitary unmanned aerial vehicles (UAVs) were initially marketed as purely recreational gadgets, it has not taken long for entrepreneurs and industrial giants to seize on the...

World Investor Week 2017: Bangladesh perspective

Md Shafiqul Alam | 2017-10-07 00:00:00

The capital market regulatory authority of the country, the Bangladesh Securities and Exchange Commission (BSEC) is observing the World Investor Week 2017 this year from 2-8 October. The theme of this weeklong programme is "Investor Literacy and Protection''.One should invest...

Resurgence of jute

Saleh Akram | 2017-10-07 00:00:00

If jute had an elevating past, basking in its iconic glory will not be an overzealous exercise. What make us recall the past are the fond memories woven with lustrous dreams and we are instantly reminded of the colours created...

Changes in chronic poverty and hunger

Abdul Bayes | 2017-10-07 00:00:00

Researches from the International Food Policy Research Institute (IFPRI) show that over the last three years or so (2012 to 2015), the incidence of chronic poverty and hunger has gone down. This is undoubtedly good news for Bangladesh although the...

Chaotic wheels and public misery

Asjadul Kibria | 2017-10-07 00:00:00

Number of motor vehicles is fast increasing on Dhaka roads. It is a common scenario in any growing economy. But the worrying thing is that disproportionate increase of motor vehicles is responsible for traffic chaos thanks to wrong planning and...

Private sector credit growth rises notably, crosses target

Siddique Islam | 2017-10-06 00:00:00

Private sector credit growth increased significantly in August mainly due to higher trade financing by banks for settling import payment obligations, officials and bankers said.The growth in credit flow to private sector rose to 17.84 per cent in August 2017...

Madhabpur veterinary hospital suffers for inadequate manpower

Iqbal Siddiquee | 2017-10-06 00:00:00

SYLHET, Oct 05: Veterinary services in the Madhabpur upazila of Habiganj is being suffered greatly due to manpower shortage for years although a nice building has been constructed there for the upazila livestock office and its hospital. The area is...