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July-Aug trade deficit rises

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

Country's overall trade deficit increased slightly in the first two months of the current fiscal year (FY) 2016-17 for higher import payments against relatively lower export earnings, officials said. The trade deficit rose by 5.0 per cent or US$25 million...

Quantitative strategies for investing on DSE

Golam Sakline | 2016-10-10 00:00:00

Data science, a field of study that has stolen the limelight recently, has triggered a massive race in the quantitative trading world. Dhaka-based firm Quantformatix, which provides consultancy and analytical solutions to corporate clients  using Quantitative Methods, put a few...

Bangladesh now a destination for Chinese trade and investment

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

The present Sino-Bangladesh relationship is characterised by close political and economic ties. The matrix of Beijing-Dhaka relations permeates multiple avenues, ranging from strategic to commercial, from energy security to infrastructural. Of these, the strategic ties are the most salient. Chinese...

Humanitarian act by youth spares society\'s blushes

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

He is lean and thin, weighing just 44 kilograms. For a youth of his age, Imran Kabir, now preparing for admission to university, is certainly one of the rare lightweights in frame. In mental strength, though, the young man from...

Least exploitation of a great potential

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

Given the track record, syndicated loans should be a priority choice of banks and non-banking financial institutions (NBFIs). As against a default rate of over 10 per cent in the case of all loans disbursed by the country's commercial banks,...

News to cheer Bangladesh economy

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

Bangladesh economy has trodden a path in recent years that has yielded positive results, in spite of scepticism from the Jeremiads. The progress registered has been slow no doubt given the odds against which it has had to contend with...

BPC moves to assess actual liquid fuel consumption

Doulot Akter Mala | 2016-10-09 00:00:00

The state-run Bangladesh Petroleum Corporation (BPC) has moved to assess the country's actual energy consumption by compiling private sector's import data following suspected clandestine sourcing of fuels. Currently, the corporation does not have any data of private-sector import of energy...

Big investment plans to dominate talks with Xi

Talha Bin Habib | 2016-10-09 00:00:00

Bangladesh business community plans to propose to their Chinese counterpart to investment more in some priority sectors during the upcoming visit of China's president which is expected to yield huge development finances. President Xi Jinping is coming to Dhaka on...

BD raises concern over its poor access to climate fund

From Syful Islam | 2016-10-09 00:00:00

WASHINGTON D.C, Oct 8: Bangladesh  expressed dissatisfaction Friday over its very little access to global climate finance despite being one of the worst victims of the climate change. Finance Minister AMA Muhith expressed the dismay at a meeting with World...

Project finance hitch hits ERL\'s 2nd unit

Rezaul Karim | 2016-10-09 00:00:00

Installation of the second unit of Eastern Refinery Limited (ERL), a subsidiary of the state-owned Bangladesh Petroleum Corporation (BPC), now has been hit by a project finance hitch. A senior official said implementation of ERL unit-2 project, taken at a...

WB, IMF urge global finance leaders for steps towards ending extreme poverty

From Our Special Correspondent | 2016-10-09 00:00:00

WASHINGTON D.C, Oct 07: Heads of the World Bank (WB) and International Monetary Fund (IMF) Friday urged the world's finance leaders to take urgent steps towards inclusive growth for ending extreme poverty. "… act with that (of Dr. Martin Luther...

Bangladesh makes marginal progress

Helal Uddin Ahmed | 2016-10-09 00:00:00

The government of newly independent Bangladesh formed the Civil Administration Restoration Committee (CARC) in 1971 to examine and recommend measures for restoration of civil administration in the country. The CARC presented its report in 1972 after examining different issues related...

When globalisation eats its young

Harold James in Princeton | 2016-10-08 00:00:00

Evidence that globalisation is reversing continues to pile up: trade and international capital flows are sluggish, and migration is increasingly being restricted. These trends emerged in the aftermath of the 2008 financial crisis, so they can't be blamed on a...

Move to frame policy on fish biodiversity

Talha Bin Habib | 2016-10-08 00:00:00

The government is set to formulate a policy on fish biodiversity management in the cross-border rivers aiming to boost fish production and save the rare species of fishes from extinction, officials said.   To this effect, the ministry of fisheries and...

Volatility marks DSE trading, daily average turnover declines 3.4pc

Mohammad Mufazzal | 2016-10-08 00:00:00

The Dhaka bourse passed the week that ended Thursday through volatility, although investors were cheerful following some positive news regarding market reforms and economic indicator. The benchmark index added some points last week, although the turnover declined a little bit...

A layman in the realm of Economics

Abdullah Masum | 2016-10-08 00:00:00

As a newcomer in the realm of study of Economics, at the beginning this scribe felt a bit perplexed. Let him explain what he means. During the first lesson of Economics, he found this study a bit odd compared to...

Central banks\' way of battling cyber heist

Prof. Sarwar Md. Saifullah Khaled | 2016-10-08 00:00:00

According to two informed sources, the major global central banks have launched a taskforce to consider setting broad rules to protect the vast network of cross-border banking from cyber attacks. This has been done after the theft of $ 81...

Cave people and hermits

Nilratan Halder | 2016-10-08 00:00:00

Human beings in the prehistoric period lived in caves because they did not know how to build a better shelter. If anyone volunteers to follow the lifestyle of his ancestors millions of years ago, the person might either be an...

India takes tentative moves, reform attempts flounder in Pakistan

Helal Uddin Ahmed in the first of a two-part article | 2016-10-08 00:00:00

Within the broader context of administrative reforms, civil service reform has been a key area in the evolution of public administration and governance all over the world. As the backbone of public administration, the civil service in South Asia is...

Prospect of retail banking

Anwar Faruq Talukder | 2016-10-08 00:00:00

Retail banking in other word consumer banking is a most happening division of a bank. It is consumer-based business where individual banking needs are being addressed. This can be a complete banking package including deposit, lending, cards, internet banking, lockers...

US elections: Mike Pence wins debate for himself

M. Serajul Islam from Maryland, USA | 2016-10-08 00:00:00

Some media organisations declared Mike Pence the winner of the vice-presidential debate by a whisker while others have said he won comfortably. The bottom line is Tim Kaine did not win. CNN that is emerging as the most reliable media...

e-banking: A long way to reach optimal level

Asjadul Kibria | 2016-10-08 00:00:00

Electronic banking (e-banking) has been growing in the country at a fast rate especially in the last few years. Bangladesh Bank is playing the key role in this growth as it is providing enabling environment as the regulator of the...

Country to build three more land ports under BBIN initiative

Talha Bin Habib | 2016-10-07 00:00:00

The government has taken up an initiative to develop three more land ports along the Bangladesh border with India to facilitate export-import activities and strengthen connectivity in the South Asia region, officials said.   The new ports will be set up...

BD may disclose details if asked on sidelines of WB-IMF meet

From Syful Islam | 2016-10-07 00:00:00

WASHINGTON DC, Oct 06: Bangladesh Bank Governor Fazle Kabir has said Bangladesh might disclose details of the reserve heist probe report if anyone wants to know about it on the sidelines of the annual meetings of the World Bank and...

NBR studying penalty hike in \'imported\' cattle

Doulot Akter Mala | 2016-10-07 00:00:00

The anti-smuggling central taskforce has formed a consultative committee to conduct study for increasing penalty on informal import of cattle-heads and rationalise taxes on import of gold. The committee, comprising representatives of the National Board of Revenue (NBR), Ministry of...

Seven legal gladiators of India

Asjadul Kibria | 2016-10-07 00:00:00

Public perception about lawyers in the developing countries is not very positive thanks to the nature of their job. Senior or eminent lawyers defending alleged tax evaders or bank-loan defaulters or other accused become subject to a kind of disapproval...

Quality teaching need of the hour

Masum Billah | 2016-10-07 00:00:00

The observance of the World Teachers' Day has brought to the fore challenges the teaching profession now faces across the globe. In Bangladesh which runs the largest primary education programme in the world with the state taking the largest responsibility...

Fresh sweeps of bizarre crimes

Nilratan Halder | 2016-10-07 00:00:00

Unrequited love has ever remained a source of great tragedies. With the mental makeup of today's youths changing fast, one-sided advances are increasingly growing violent. A series of violent crimes committed by jilted lovers in recent times should be considered...

Loan deal on Padma rail unlikely during Xi\'s visit

Munima Sultana | 2016-10-06 00:00:00

The agreement on loan for the Padma Bridge railway connectivity project is unlikely to be signed during the upcoming visit of Chinese President Xi Jinping to Bangladesh, officials said. It would delay starting the construction work of the project, as...

BB to seek information from banks on investment in CPs

Siddique Islam | 2016-10-06 00:00:00

The central bank has decided to seek information from the commercial banks about their investment in commercial papers (CPs) and relevant other issues, sources said. October 30 is the deadline for the banks to furnish such information. The banks will...