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Minimum capital mandatory for all stock market intermediaries

Mohammad Mufazzal | 2017-09-20 00:00:00

The regulator is readying a set of rules making it mandatory for all market intermediaries to maintain minimum capital to avert risks of their doing business on the capital market. After the framing of the 'Risk Based Supervision Rules'-- prompted...

World hunger on the rise again

Baher Kamal in Rome | 2017-09-20 00:00:00

Exacerbated by climate-related shocks, increasing conflicts have been a key driver of severe food crisis and recently re-emerged famines, a major United Nations joint report has just revealed.Hunger and under-nutrition are significantly worse where conflicts are prolonged and institutional capacities...

Entire Dhk-Ctg highway develops cracks

Munima Sultana | 2017-09-19 00:00:00

Cracks have developed along the entire Dhaka-Chittagong highway within a year of its expansion work completion.This has forced the authority concerned to undertake a maintenance project for five years, sources said.Though Roads and Highways Department (RHD) has already started process...

August imports fall over 7.0pc despite big rice buy

Siddique Islam | 2017-09-19 00:00:00

Overall imports fell by over 7.0 per cent or US$294.53 million in August despite big emergency rice buy from abroad.One obvious reason cited by sources is that lower imports for industries tipped the balance a little bit.The settlement of letters...

Government goes for augmenting non-tax revenue to meet needs

Rezaul Karim | 2017-09-19 00:00:00

The government plans to augment non-tax revenues and non-NBR tax collection by exploring new areas to meet its growing fund needs, officials said.Besides, a hike in fees on different items under different ministries, divisions and departments is likely as the...

BB to bend rules for banks to invest beyond limit

Syful Islam | 2017-09-19 00:00:00

Banks may be allowed to break the barrier and lend beyond 25 per cent of their paid-up capital to single borrowers to facilitate installation of large power plants.Sources said the Bangladesh Bank (BB), in this case of government priority, could...

The role of citizens in transforming societies

Helal Uddin Ahmed | 2017-09-19 00:00:00

Based on the realities and experiences on the ground in South Asian countries, the actions that can be taken by individual or small groups of citizens to transform societies for overcoming the endemic problems of corruption, injustices and inefficiencies in...

The nutrition governance

Abdul Bayes | 2017-09-19 00:00:00

Improvement in nutritional status of people has always been at the heart of our national policies, but not in actions. Debates are galore as to who is to ensure nutritional improvement. There was a time when the agricultural ministry thought...

Dhaka city in thundershowers

Maswood Alam Khan | 2017-09-18 12:00:00

The splendour of Dhaka city in thundershowers on September 13, 2017. Bangladesh has been experiencing the highest rainfall in decades. Unprecedented floods inundated northern Bangladesh, causing havoc. Dhaka city is often swamped with trapped water, causing traffic paralysis. City dwellers...

Khulna-Kolkata passenger train service from Nov 16

Doulot Akter Mala | 2017-09-18 00:00:00

A joint Indo-Bangla group has decided to launch a new passenger train service from November 16 next, a second step after eight years of establishing the railway communication between the two countries.The passenger train will run between Khulna and Kolkata....

Consumers' response to white OMS rice poor

Yasir Wardad & Talha Bin Habib | 2017-09-18 00:00:00

A consumer checks the quality of rice put on sale at Jurain in Old Dhaka as the open-market sale (OMS) began across the country on Sunday. The government's subsidised food-supply programme could hardly attract buyers mainly for selling non-parboiled (Atop)...

Amendments to tax laws—a critique

Akhter Zamil | 2017-09-18 00:00:00

To recall, the National Budget for the fiscal year 2017-2018 got dramatically passed in Parliament with the decision of stay for introducing the VAT Act 2012. VAT Act 2012, which was supposed to be introduced from July 01, 2017 has...

Hilsa secures both culture and economy

Neil Ray | 2017-09-18 00:00:00

There are hilsas (ilish) galore in the market nowadays. Perhaps the most favourite Bangalee delicacy, hilsas are making their merry rounds in droves only to be netted by fishermen in rivers, the Bay of Bengal and at their estuaries. Largely...

Whose baby is it, anyway?

Shamsul Huq Zahid | 2017-09-18 00:00:00

The maintenance of Dhaka city's drainage system, it seems, is now nobody's responsibility. A report published in this paper last week said the incumbent managing director of the Dhaka Water and Sewerage Authority (DWASA) in the year 2014 had transferred...

Unending Rohingya tragedy

Kazi Anwarul Masud | 2017-09-18 00:00:00

It is not debatable anymore that what has been happening to the Rohingya Muslims in the Rakhine state of Myanmar is genocide and crimes against humanity. The brutal treatment meted out to the Rohingya for decades has shaken the moral...

Why NBFIs are in favour of SME financing

Mir Imdadul Haque | 2017-09-17 00:00:00

As banks have appeased their appetite for risk and tightened their lending criterion , non-bank financial institutions (NBFIs) are mounting up their SMEs bucket to capture quality portfolio. NBFIs supplement banks by providing infrastructure and allocating surplus resources to individuals...

Rampal project gets NOC to buy overseas insurance

Syful Islam | 2017-09-16 00:00:00

The insurance regulator has issued no objection certificate (NOC) in favour of Rampal power plant project allowing it to buy insurance from abroad despite an objection made by Sadharan Bima Corporation (SBC).SBC, however, reacted sharply saying that the decision was...

Government preparing hold-all business register

Rezaul Karim | 2017-09-16 00:00:00

The government is at work to create a hold-all business register to collate information of country's all industries and trade outfits under a single umbrella for ready availability of their statistics. "A statistical business register is very important for our...

Saudi investors due in Dhaka in December

Talha Bin Habib | 2017-09-16 00:00:00

A team of Saudi entrepreneurs will arrive in Dhaka in December this year to finalise investment deals with their Bangladeshi counterparts, officials said. Their proposals for investment came during a visit of Prime Minister Sheikh Hasina to the kingdom last...

Stocks extend rally for fourth week

Babul Barman | 2017-09-16 00:00:00

The Dhaka bourse passed another buoyant week that ended Thursday with the core index of the prime bourse exceeding the 6,200-mark for the first time since its inception in January 2013.Market insiders said stocks' record-breaking rally continued as investors were...

How digitisation is changing future workplace

Ahmed Al Asheq | 2017-09-16 00:00:00

There is no argument that 'Information Technology' (IT) plays a growing role in our daily activities. According to the Internet World Statistics report of 2015, more than three billion people had access to internet all over the world in 2015,...

Is a food crisis imminent?

Saleh Akram | 2017-09-16 00:00:00

It makes a sad commentary on the state of affairs that a natural disaster striking the country every time lays bare the country's lack of preparedness. Massive flood recently engulfed many areas of Bangladesh and nearly one third of the...

The state of financial inclusion in Bangladesh

Muhammad Abdul Mazid | 2017-09-16 00:00:00

Since the early 2000s, the term "financial inclusion" has gained importance as a result of findings about financial exclusion and its direct correlation to poverty. Micro credit as a concept and system has been an asymmetric evolution ahead of financial...

Free trade regime at a crossroads

Asjadul Kibria | 2017-09-16 00:00:00

The current year, 2017, marks the 200th anniversary of David Ricardo's Theory of Comparative Advantage. It was in April in 1817 when the classical economist Ricardo's book titled Principles of Political Economy and Taxation was published. The seventh chapter of...

Malaysia: An inspiration or lesson on dev?

Lamia Mohsin | 2017-09-16 00:00:00

Uttering the name 'Malaysia' conjures up a cornucopia of images in the mind of even a layman and quite conceivably some of them will be associated with the country's landmark tourist destinations like the Petronas Tower, Putrajaya, Kuala Lumpur and...

Caregivers to offer a service with difference

Nilratan Halder | 2017-09-16 00:00:00

Caregivers they are called. Although unfamiliar to most people, the very term by itself conveys the compelling sense of the service. In many countries of the Western world, though, the service has picked up quite nicely. It has just been...

DSE's Aug net foreign investments slip 84pc

Babul Barman | 2017-09-15 12:00:00

The net foreign investment in the Dhaka bourse plunged 84 per cent month-on-month in August last as overseas investors preferred to book profits.Market insiders said the Dhaka Stock Exchange (DSE) indices and turnover rose last month, prompting some foreign investors...

Tk appreciates against US$ significantly

Siddique Islam | 2017-09-15 00:00:00

The exchange rate of Bangladesh Taka (BDT) appreciated significantly against the US dollar at the customer level on Thursday following 'persuasion' by the central bank.The local currency gained 0.36 per cent or around 30 paisa against the US currency at...

The costly dereliction of duty

Shamsul Huq Zahid | 2017-09-15 00:00:00

The UN Food and Agricultural Organisation (FAO) in its latest evaluation report has expressed concern over the soaring prices of rice in Bangladesh during the past three months. The report noted that the situation relating to three areas -- food...

Lessons from hurricanes Harvey and Irma

Nilratan Halder | 2017-09-15 00:00:00

Never before did two Atlantic category 4 hurricanes batter the United States of America in the same year, let alone within weeks. Both have made records -certainly not in a positive sense. Hurricane Harvey caused record rainfall of 51.88 inches...