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Braving security risks, Chinese are seeking 'Silk Road' treasure trove

Sayed Kamaluddin | 2017-09-15 00:00:00

A guard keeps watch at Gwadar Port, Balochistan. — AP photo The China-Pakistan Economic Corridor (CPEC), which has become known as Pakistan leg of Beijing's new Silk Road, has attracted a number of Chinese entrepreneurs for the economic opportunities opening...

Deconstructing deglobalisation: Fear, suspicion, anomie

Harold James in Princeton | 2017-09-15 00:00:00

US President Donald Trump and his advisers' fierce rhetoric on trade and immigration has led some to wonder if our current era of globalisation is now at risk. If it is, an even more pertinent question is whether the end...

Competition commission struggles due to manpower shortage

Talha Bin Habib | 2017-09-14 00:00:00

Bangladesh Competition Commission (BCC) is yet to be fully functional due to lack of adequate manpower, thus failing to ensure consumers' rights as well as forging healthy competition among the businesses in the country. Its organogram, recently submitted to the...

Vehicles carrying extra cargo pay meagre fine

Munima Sultana | 2017-09-14 00:00:00

Cargo vehicle operators have been carrying goods beyond the allowed level by taking advantage of paying only Tk 2,000 as fine, fixed by the authorities concerned for the time being.The operators are also not increasing the number of wheels/axles of...

‘Blockchain’ for better security in financial market

Md Rabiul Hassan | 2017-09-14 00:00:00

For years, people want a secured way to facilitate their transaction, payment, title transfer etc. With the advancement of technology, we have seen many changes within financial industry to ensure trust. While we are still incurring a huge cost to...

Tackling migration at the source

Kemal Dervis in Washington, DC | 2017-09-14 00:00:00

About 1,530 African migrants have died in Mediterranean sea in 2017, according to UN Migration Agency. For citizens of poor countries, migration often is a highly appealing option. The journey to a new country is often perilous, but it promises...

All-clear on UD for foreign investment in RMG

Syful Islam | 2017-09-13 00:00:00

The last barrier to foreign direct investment (FDI) in apparel sector beyond the export processing zones (EPZs) is now removed as the Export Promotion Bureau (EPB) has expressed its readiness to issue utilisation declaration (UD) certificates in favour of externally-financed...

Avert large loans, lend to productive SMEs

Siddique Islam | 2017-09-13 00:00:00

Four state-owned commercial banks (SoCBs) received Tuesday directives for largely lending to small and medium enterprises (SMEs), particularly manufacturing ones, rather than disbursing large loans. Officials said the redirection of the public banks' credit operations came as a remedy for...

Killing members of reclusive Brazilian tribe raises question

Cleve R. Wootson Jr of The Washington Post | 2017-09-13 00:00:00

The outside world might never have heard about the suspected massacre if not for some barroom boasting by a group of miners fresh from working an illegal gig in the Amazon jungle.The garimpeiros had bragged that they'd come across members...

Live in Bengali with full spirit

S M Didarul Hasan | 2017-09-13 00:00:00

All languages are sweet to their patrons, but none can be sweeter than one's own mother tongue. The language children learn since birth is derived from their surroundings, especially from the parents, and it is their mother tongue. People may...

Asian agribusiness has much to learn from Spain's cooperative model

Md. Abul Basher | 2017-09-13 00:00:00

Spanish wholesale markets are a direct link between farmers and end-user markets La Almunia de Doña Godina, a small town situated in the fertile plains of Valdejalón in northwestern Spain, was buzzing with unusual activity one late afternoon a few...

Towards a cleaner Bangladesh - safe water, sanitation and hygiene for all

Md. Abul Kalam Azad and Qimiao Fan | 2017-09-13 00:00:00

Community-Led Total Sanitation might be the greatest Bangladeshi export. In countries across Asia, Africa and Latin America, a consensus has emerged that the best approach is Community-Led Total Sanitation, which is widely credited with changing people's behaviour around the world...

The paralysis in policy decisions

Hasnat Abdul Hye | 2017-09-13 00:00:00

The very name of the venue evokes a feeling of not only ordinariness but also of a non-event. Jackson Hole, Wyoming, the town with 15000 population, that has been hosting summit of the world's most powerful central bankers since 1978...

Traffic mess in Dhaka City: No way out?

Helal Uddin Ahmed | 2017-09-12 12:00:00

Strategic Transport Plan (STP) says that the average speed of motor vehicles on the roads of Dhaka city is only 6.4 km per hour. — bdnews24.com photo There have been many dialogues, researches, plans and master-plans on reducing the intolerable...

Move underway to develop financial inclusion network

Rezaul Karim | 2017-09-12 00:00:00

A move is under way to organise a platform styled Financial Inclusion Network-Bangladesh (FIN-B) for developing, sharing and disseminating knowledge and expertise in financial inclusion.Its main objective will be leveraging expertise in advancing financial inclusion as a key instrument for...

Taxpayers to pay penalty for hiding tax-exempted incomes

Doulot Akter Mala | 2017-09-12 00:00:00

Taxpayers have expressed their resentment over a penal measure that deprives them of tax-exemption benefit of certain incomes.According to the current income-tax provision, tax-exempted income or income entitled to reduced tax rate cannot enjoy the facility if mentioned later in...

BB decides to keep watchful eye on exposure of banks

Siddique Islam | 2017-09-12 00:00:00

The central bank has decided to strengthen monitoring of commercial banks' exposure to share market with a view to avoiding recurrence of an unwanted situation, officials said.Under the latest move, the banks will have to submit their reports on fresh...

Paddy farming facing setback in Rangpur flood-hit areas

Sayed Mofidul Babu | 2017-09-12 00:00:00

RANGPUR, Sept 11: Cultivation of Aman paddy is facing setback in different flood affected areas under Rangpur division due to acute crisis of seedlings.Although flood water has begun to recede from the croplands, a severe crisis of Aman saplings has...

Rohingya genocide—a challenge to world conscience

M Serajul Islam | 2017-09-12 00:00:00

There still has a little of humanity left among the humans that inhabit planet earth but it is generally confined to the victims of disasters caused by Mother Nature. Humanity or human conscience is practically as good as dead when...

Handling looming crises

Abdul Bayes | 2017-09-12 00:00:00

After a spell of relatively satisfactory progress on economic fronts for a decade or so in terms of economic growth rate, export earnings, remittance, rice output, etc., the Bangladesh economy now seems to have been suddenly caught in a quagmire....

BD firm likely to acquire Malaysian co

Syful Islam | 2017-09-11 00:00:00

Industrial conglomerate Akij Group is likely to get permission to invest US$20 million in Malaysia from its exporter's retention quota, officials said.The central bank recently forwarded a proposal in evaluation committee (PEC) report to the finance ministry for a decision...

Seventh Plan: Focus on job creation, employment expansion

Shamul Alam | 2017-09-11 00:00:00

The core theme of the 7th Five Year Plan (FYP 2016- 20) is 'accelerating Growth, empowering citizens' with strong emphasis on creating more jobs in the economy and accelerating gross domestic product (GDP) growth to 8.0 per cent for faster...

Stoking consumerism without enough preparation

Neil Ray | 2017-09-11 00:00:00

Fuelling consumerism is a business strategy adopted by industries, manufacturing firms and corporate houses or commercial ventures. Products or gadgets unheard of by a generation are the most sought-after elements or implements for the immediate next generation. But not everyone...

Market rally: Is it for real?

Shamsul Huq Zahid | 2017-09-11 00:00:00

The game is, possibly, on once again. Indications are there that some small-time manipulators after a gap of few months have re-entered the bourses with the objective of making quick bucks within a brief period. After the great collapse of...

Petrochemical, energy projects in Moheskhali likely soon

Doulot Akter Mala | 2017-09-10 00:00:00

A substantial private investment of US$ 1.5 billion is underway to establish petrochemical refinery, petroleum storage, LPG terminal and power plants in Bangladesh.Local company Super Petrochemical Private Limited (SPPL) jointly with a South Korean conglomerate is set to invest in...

Govt plans ship purchase to survey Bay resources

Munima Sultana | 2017-09-10 00:00:00

The Geological Survey of Bangladesh (GSB) is planning to purchase a million-dollar survey ship for exploring resources in the Bay of Bengal within its maritime boundary.Sources said the GSB will buy the ship to develop database of marine resources under...

Remembering a visionary socio-health reformer

Muhammad Abdul Mazid | 2017-09-10 00:00:00

National Professor Dr Muhammed Ibrahim, a great and successful physician, a gifted teacher, a talented organiser and a great reformer was born on December 31, 1911 and died on September 06, 1989. His death anniversary is observed as (Diabetic) Service...

The plight of Singapore migrants from Bangladesh

Sylvia Yu in Hong Kong | 2017-09-10 00:00:00

Uddin thought he was tapping into a financial lifeline for his future and his family back in Bangladesh when he migrated to Singapore for construction work. He was promised a job as a construction site engineer that would pay a...

Rohingyas victims of ethnic cleansing: Myanmar junta looks for fall guy

Maswood Alam Khan | 2017-09-10 00:00:00

An unprecedented ethnic-cleansing campaign, almost akin to a pogrom, has been unleashed against Rohingya people in Myanmar. According to corroborated reports published in newspapers all over the world and according to thousands of eye-witnesses, the military junta in Myanmar have...

Is climate change a Sisyphus block to our growth?

Kazi Anwarul Masud | 2017-09-10 00:00:00

It is commonly believed that economically Bangladesh has done well. Over the last two decades most economic indices show improvement, be it in export, remittance, gross domestic product (GDP), infrastructure (though much remains to be done), external relations, regional connectivity,...