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Incorporation of professionalism and creativity

Rafsan Zaman and Ragib Islam | 2016-10-20 00:00:00

If those people who have at least once 'really' been to a club close their eyes and try to fumble through all those tucked away memories from their club life, it wouldn't be of those moments of accomplishment but of...

Users suffer as Dhaka airport lacks dedicated transport system

Munima Sultana | 2016-10-20 00:00:00

The country's main international airport has long been running without any dedicated transportation system and facility for its thousands of inbound and outgoing passengers, whose number has increased manifold over the last three decades. In absence of such an important...

Import sees modest Q1 growth

Siddique Islam | 2016-10-20 00:00:00

Overall import marked a modest growth by 1.63 per cent in the first quarter (Q1) of the current fiscal year over the corresponding previous period, said officials, who hope for a boost from upcoming China-funded projects. "The overall imports increased...

Check-posts help collect income tax from departing foreigners

Doulot Akter Mala | 2016-10-20 00:00:00

Income tax check posts set up at air and land ports for scrutinising payment of tax by foreign nationals have started paying dividends, according to sources.   The income tax wing under the National Board of Revenue (NBR) collected around Tk...

Probashi bank grapples with capital crunch

Rezaul Karim | 2016-10-20 00:00:00

Probashi Kallyan Bank (PKB) has been hamstrung by acute capital shortage, which has been hampering its operational activities, officials said. A senior official of the bank said the paid-up capital of the bank is Tk 1.0 billion, but of the...

A great leap forward in bilateral cooperation with China

Syed Jamaluddin | 2016-10-20 00:00:00

President Xi Jinping's two-day visit, from October 14-15, was the first by a Chinese President to Bangladesh in 30 years. Six years ago, Xi visited the country as Vice President. At the end of his visit this time, Bangladesh and...

What is strategic about Bangladesh-China relationship?

Hasnat Abdul Hye | 2016-10-20 00:00:00

The first visit by a Chinese President to Bangladesh in thirty years has been correctly described as a milestone in the relation between the two countries. This has assumed an additional significance because of the emergence of China as the...

NBR asks field offices to assess compliance

Doulot Akter Mala | 2016-10-19 00:00:00

The National Board of Revenue (NBR) has decided to gather information about the level of compliance with its order to install Electronic Cash Register (ECR) or Point of Sale (POS) by the businesses across the country. Officials said the Value...

Consultancy deal signing today

Munima Sultana | 2016-10-19 00:00:00

A tri-national consultancy firm of Australian, Denmark and Bangladesh has been picked to supervise the construction work of the country's first river tunnel down the Karnaphuli, financed by China. The Bangladesh Bridge Authority (BBA) is set to sign an agreement...

Vanishing collaterals

Shamsul Huq Zahid | 2016-10-19 00:00:00

The Bangladesh Bank (BB), reportedly, is planning to build a data warehouse that would help reduce mortgage-related hassles and fraudulent activities in the country's banking sector. The quality of collaterals, received by banks against loans in the form of immovable...

BIDA\'s maiden move to create Tk 1.1b venture capital fund

Rezaul Karim | 2016-10-19 00:00:00

The Bangladesh Investment Development Authority (BIDA) has for the first time taken a move to create a venture capital fund worth Tk1.10 billion for promoting new entrepreneurs who usually do not get access to formal funding, officials said. The new...

Financial literacy facilitates financial inclusion

Shah Md Ahsan Habib concluding his two-part article titled Addressing financial exclusion challenge through appropriate products | 2016-10-19 00:00:00

The proper design of financial products, along with their respective delivery methodologies, is fundamental to an institution's effective and sustainable delivery of financial services. Inclusive products are designed from three perspectives: clients, service providers, and regulators.  Inclusive design of the...

Supply chain and farm produces

Abdul Bayes | 2016-10-19 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...

Emerging markets face uneven outlook

Sarwar Md. Saifullah Khaled | 2016-10-19 00:00:00

The International Monetary Fund (IMF) warning a low-growth future for the global economy said on October 04, 2016 that protectionist political trends risked "turning back the clock" on free trade. In its new World Economic Outlook (WEO) report, the global...

The state of economic emancipation

Muhammad Abdul Mazid | 2016-10-19 00:00:00

Bangladesh was born out of a war for freedom, democracy, social justice, self-reliance and economic emancipation, what Andre Malraux once called "the last noble cause." Since defeating Pakistan in the Liberation War and emerging as an independent and sovereign state...

Mongla port may get Tk 44b for upgrade

Talha Bin Habib | 2016-10-18 00:00:00

The government has planned a Tk 43.93 billion project for modernisation of Mongla Port, considering the growing demand for using the port by Bangladesh and other South Asian countries, officials said. The Ministry of Shipping (MoS) has prepared a development...

NBR intel to probe tax-related money laundering issues

Doulot Akter Mala | 2016-10-18 00:00:00

The Central Intelligence Cell (CIC) of the National Board of Revenue (NBR) from now on will investigate tax-related money laundering cases as per provision of the Money Laundering Prevention (Amendment) Act, 2015. The NBR, in a recent special board meeting...

Runner Auto to float IPO worth Tk 1.0b

Mohammad Mufazzal | 2016-10-18 00:00:00

Runner Automobiles, a local manufacturer, has planned a raise a fund worth Tk 1.0 billion by floating IPO (initial public offering) under the book building method to develop new models. The company will hold its road show tomorrow (October 19)...

The extraordinary moral voice of US First Lady

M. Serajul Islam from Maryland, USA | 2016-10-18 00:00:00

The US presidential election 2016 has been fought thus far in a manner that should shame the decent-minded Americans. Before the second presidential debate, major TV stations such as CNN that covered the event live warned their viewers that they...

Financial inclusion needs legal and regulatory framework

Shah Md Ahsan Habib in the first of a two-part article titled Addressing financial exclusion challenge through appropriate products | 2016-10-18 00:00:00

Financial exclusion is a critical challenge to growth, and the benefits of financial inclusion go beyond growth both at the individual and macro level. In addition, access to financial services is often viewed as essential factors like access to safe...

The \'not yet great\' powers at a time of power vacuum

Imtiaz A. Hussain in the third of a five-part series titled Instincts and international relations | 2016-10-18 00:00:00

China, India, Japan, and Russia have made a lot of post-World War II noise, though not in that same order, and for quite different reasons, sometimes in partnerships, at others through rivalries. As previously noted in this series, if we...

Pilot tests on new VAT law prove successful

Doulot Akter Mala | 2016-10-17 00:00:00

Government's revenue authority is conducting mock execution of a new VAT law that provides for controversial online payment of the tax at a flat rate of 15 per cent for all -- be they big or small. Officials said a...

Pledging to end poverty in all its forms

Abdul Bayes | 2016-10-17 00:00:00

October 17 is the International Day for the Eradication of Poverty. The theme of the day this year is: "Moving from humiliation and exclusion to participation: Ending poverty in all its forms". The Sustainable Development Goal (SDG) also pledges to...

Rice price raised artificially

Neil Ray | 2016-10-17 00:00:00

The price of rice has become jittery of late. Wonder of wonders, the coarse varieties in particular have registered the highest rise --Tk 10-12 a kilogram followed by fine types at Tk 6.0-8.0 a kilogram. Now there is no valid...

A well-crafted balancing act

Shamsul Huq Zahid | 2016-10-17 00:00:00

Chinese President Xi Jingping's 22-hour visit, spanning over a couple of days, to Bangladesh is not just of high economic and political significance. The visit is a historic one and it has set in motion a new era in bilateral...

Thailand\'s new uncertainty: Who will be the next monarch?

Joshua Kurlantzick in Washington, DC | 2016-10-17 00:00:00

Thai King Bhumibol Adulyadej's death was long anticipated, but it still came as a profound shock to Thailand. When it was announced, vast crowds gathered in towns and cities to weep and pay homage to their monarch, who had reigned...

Toxic politics versus better economics

Mohamed A. El-Erian in New York | 2016-10-16 00:00:00

The relationship between politics and economics is changing. Advanced-country politicians are locked in bizarre, often toxic, conflicts, instead of acting on a growing economic consensus about how to escape a protracted period of low and unequal growth. This trend must...

Most firms skip submission of financials to RJSC

Doulot Akter Mala | 2016-10-15 00:00:00

Only a few companies submit annual returns to office of the Registrar of Joint Stock Companies and Firms (RJSC), thus leaving room for tampering with information of many firms' shareholders, sources said. According to RJSC data, some 40,000 submit their...

Reimagining South Asian Economy

The write-up is prepared by the Centre for Policy Dialogue (CPD) as a part of organising the Ninth South Asia Economic Summit (SAES IX) titled 'Reimagining South Asia in 2030.' The summit is taking place in Dhaka on October 15-16, 2016 | 2016-10-15 00:00:00

South Asia accounts for only 3.0 per cent of the world surface area, yet the region is home to nearly 1.5 billion people, about one-fifth of the world population. By 2030, the region is likely to represent about one-fourth of...

Unique motherliness made more unique

Nilratan Halder | 2016-10-15 00:00:00

Adoption for people is not instinctive. Infertile couples look for adoption for various reasons. Hollywood celebrities and a high profile couple in the United States of America have adopted a number of children from as diverse places as Africa and...