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BR works on dual-gauge track from Joydebpur to Jamalpur

Munima Sultana | 2017-09-30 00:00:00

Bangladesh Railway (BR) has taken a move to develop a new double-gauge track along the Joydebpur-Mymensingh-Jamalpur railway line on high passenger demand.Officials said the BR submitted a proposal to the Planning Commission (PC) for conducting a feasibility study on the...

EPB for legalising gold import

Rezaul Karim | 2017-09-30 00:00:00

The Export Promotion Bureau (EPB) wants to legalise gold/diamond import for its export as jewellery items by introducing an authorised dealer system, officials said.It has recently submitted some recommendations to the ministry of commerce after reviewing and examining the existing...

BB finds problem with BKB financials

Syful Islam | 2017-09-30 00:00:00

A central bank inspection team has detected 'window dressing' in the balance sheet of Bangladesh Krishi Bank (BKB) to show its higher earnings and conceal provision shortfall to lower its net loss, officials said.The team had inspected 42 branches and...

FBCCI set to finalise sectors for Japanese investments

Talha Bin Habib | 2017-09-30 00:00:00

The country's apex trade body is set to finalise prospective sectors where Japanese investors can invest, a trade body leader said. "We held several meetings with the Japanese investors. We hope we will be able to finalise the prospective sectors...

Refugees, responses and realities

Abdul Bayes | 2017-09-30 00:00:00

The world is shocked by the cruelty of the human crisis created out of ethnic cleansing in Myanmar. To put the gruesome gravity in proper perspective, we can possibly glean through some newspapers reports running over the past couple of...

Per capita health expenses on the rise

Saleh Akram | 2017-09-30 00:00:00

The news that annual per capita medical expenses in Bangladesh are rising which is somewhat alarming given the fact that Bangladesh made significant strides in the health sector in terms of health infrastructures including medical colleges, hospitals and clinics in...

Rohingya refugees: Will they go back?

M. Aminul Islam Akanda | 2017-09-30 00:00:00

Rohingya Muslim refugees wait in a line for aid in Cox’s Bazar recently. The Rohingya, a Muslim ethnic minority in Myanmar, has been being pushed out from their homeland for decades. There had been 1.2 million refugees sheltered in a...

In search of a lost world

Nilratan Halder | 2017-09-30 00:00:00

The picture of a small boy running in wild joy just at the moment he, for the first time in his life, has been able to play a tune on the palm leaf flute is still fresh in the mind...

Govt bags bountiful taxes at fiscal year's beginning

Doulot Akter Mala | 2017-09-29 00:00:00

Government's tax-revenue collection saw a 27.05 per cent growth in the first month of this fiscal largely for a surge in imports and steady growth in exports. Officials said domestic value-added tax (VAT) and customs duties contributed largely to the...

Dealers' assoc forewarns banks' CEOs on forex volatility

Siddique Islam | 2017-09-29 00:00:00

Top executives of the country's scheduled banks have been forewarned of a possible volatility in the foreign exchange market and advised to strictly monitor the market on a daily basis.The Bangladesh Foreign Exchange Dealers' Association (BAFEDA) raised the concern at...

Stretched hands vs digital signalling

Shamsul Huq Zahid | 2017-09-29 00:00:00

Yet another experiment is in the offing with the city's traffic signalling system. Surprise, surprise!Relevant agencies, together or individually, have developed a habit of doing such experimentation and waste some amount of taxpayers' money. This is done to prove their...

Developing healthy tourism culture

Nilratan Halder | 2017-09-29 00:00:00

Not many people are aware that the right to holidays has been given due recognition in the Universal Declaration of Human Rights. But recognition alone cannot provide momentum to a people's culture of holidaying. Wealth creation certainly helps raise the...

BDT rises notably against US$ for importers

Siddique Islam | 2017-09-28 00:00:00

The exchange rate of Bangladesh Taka (BDT) appreciated significantly against the US dollar on Wednesday for importers, as the central bank sold US$ 38 million to the banks, market operators said.The local currency appreciated by 0.23 per cent or 19...

Ensuring transparency and accountability

Zillul Hye Razi | 2017-09-28 00:00:00

The launch of a pilot phase for a four-year project in April this year to map the readymade garment (RMG) factories in Bangladesh ushered in a new chapter of accountability and transparency in the country's apparel export business. The Centre...

Technology, trade, climate: Orientation in disruptive times

Olivier Zieschank and Mehdi Mahbub | 2017-09-28 00:00:00

Switzerland-based International Textile Manufacturers Federation (ITMF) is one of the oldest global organisations, which has been serving the world textile sector since 1904. This knowledge-based body is an international forum for the world's textile industries, dedicated to keep its worldwide...

Germany's economic road ahead

Clemens Fuest in Munich | 2017-09-28 00:00:00

The next German government will face economic-policy challenges in five key areas: digitalisation and automation, demographic change, globalisation, climate change, and European integration.With respect to digitalisation, Germany tends to fluctuate between excessive enthusiasm for expanding fibre-optic networks and fear of...

WTO resumes negotiations on fishery subsidies

Asjadul Kibria | 2017-09-28 00:00:00

Disciplining the harmful subsidies on fishing will be an important deliverable agenda in the 11th ministerial conference (MC11) of the World Trade Organisation (WTO). Member countries of the organisation have already reached an 'unofficial consensus' in this regard. In principle,...

Jute bag export to Brazil falls to almost zero

Syful Islam | 2017-09-27 00:00:00

Bangladesh is considering seeking a midterm review of an anti-dumping duty imposed by Brazil 25 years back as jute bag export to the Latin American country has declined to almost zero, officials said.Presently, the rate of anti-dumping duty on Bangladeshi...

Taka depreciates significantly

Siddique Islam | 2017-09-27 00:00:00

The exchange rate of Bangladesh Taka (BDT) depreciated significantly against the US dollar at the customers' level on Tuesday, mainly in case of clearing import payment obligations, according to the market operators. The local currency depreciated by 0.37 per cent...

City set to get auto traffic signals

Munima Sultana | 2017-09-27 00:00:00

Dhaka is finally set to get new automated traffic-signal system for managing booming and chaotic traffic, with four busy intersections coming first for piloting.Dhaka Transport Coordination Authority (DTCA) has taken up a pilot project to introduce the digital traffic signals,...

BD, WB to sign $65m loan deal soon

Rezaul Karim | 2017-09-27 00:00:00

Bangladesh and the World Bank (WB) are set to sign a US$ 65 million (about Tk 5.19 billion) loan agreement soon to enhance the capacity of the insurance regulator and state-owned insurance corporations, officials said. Besides, the global lender is...

Solving the problems of potato growers

Syed Jamaluddin | 2017-09-27 00:00:00

Cold storage operators are of the opinion that between 1.5 and 2.0 million tons of potato will remain unsold by the end of the year because of sluggish demand. Farmers and traders have preserved 5.3 million tons of potato in...

Productivity for sustainable development and growth

Md. Abu Abdullah | 2017-09-27 00:00:00

The relationship between productivity and sustainable development is a two-way traffic. Investing in Sustainable Development Goals (SDGs) can also foster productivity. Higher productivity and higher consumption are necessary for sustainable development and growth. Quality product at a reasonable and competitive...

Checking the trend toward rentier capitalism

Stephanie Blankenburg and Richard Kozul-Wright in Geneva | 2017-09-27 00:00:00

Since the 2008 financial crisis, policymakers and international institutions have regularly expressed concerns about widening income inequality and its unwelcome political consequences. More often than not, they attribute the problem to "exogenous" factors such as global trade and new technologies....

A stable Europe only can keep Weimar ghosts of past at bay

Harold James in Princeton | 2017-09-27 00:00:00

Germany's election result presents an odd paradox. Chancellor Angela Merkel's Christian Democratic Union (CDU) is unquestionably the strongest party, and a new government without it is unthinkable. But both the CDU and its previous coalition partner, the Social Democrats (SPD),...

Govt securities' yield falls as banks scramble to buy

Siddique Islam | 2017-09-26 00:00:00

Yield on government securities took a downturn under a buying spree, especially as banks invest their excess funds in the instruments to reap double benefits.According to officials and market operators, particularly new private commercial banks (PCBs) are purchasing the bills...

Taxmen chase eight insurers for Tk 1.1b

Doulot Akter Mala | 2017-09-26 00:00:00

Revenue authorities made a decisive move to realise Tk 1.1 billion in back taxes from eight large insurance companies who have defaulted on the payment for long, officials said. The value-added tax (VAT) wing of the NBR demands the unpaid...

A macro-economic review

Mohammad Rafiqul Islam | 2017-09-26 00:00:00

The macro-economic condition of a nation is an index of its economic health. Before stepping into the topic of Bangladesh, let us have a look at the economic condition of the world, including developed and developing countries.The rate of the...

Beneficial insects to protect ecological balance

Sarwar Md. Saifullah Khaled | 2017-09-26 00:00:00

During the time of eliminating the destructive insects in the farms, the farmers destroy various species of the beneficial insects due to lack of adequate knowledge in this regard. Time has come to enlist the beneficial insects for natural pest...

The issue of rural income disparity

Abdul Bayes | 2017-09-26 00:00:00

It is observed that 2-3 out of 100 households in rural areas of Bangladesh are, directly or indirectly, associated with political parties. But when disaggregated, roughly one-thirds of the richer segments of households are found to have access to any...