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Rot in public procurement: Cure still not in sight

Shamsul Huq Zahid | 2016-09-21 00:00:00

'Whereas it is expedient and necessary to provide for procedures to be followed for ensuring transparency and accountability in the procurement of goods, works or services using public funds, and ensuring equal treatment and free and fair competition among all...

Few foreign liaisons in BD secretly doing business

Doulot Akter Mala | 2016-09-21 00:00:00

Government's revenue authority has found out that some foreign liaison offices operating in Bangladesh to liaise with overseas companies themselves are allegedly doing business here underhandedly. Sources said tax officials have detected that a number of foreign liaison offices are...

Sustainable financial system: Agriculture sector holds the key

Shah Md Ahsan Habib concluding his three-part article on Sustainable financial system | 2016-09-21 00:00:00

Responses by banks and non-bank financial institutions (NBFIs) to the policy initiatives related to sustainable banking and finance are inspiring. Notable changes have taken place in terms of greater financial inclusion, higher access to finance, and increased geographical penetration in...

Education needs transformation to reach global goals

Sarwar Md. Saifullah Khaled | 2016-09-21 00:00:00

The Global Education Monitoring (GEM) Report 2016 by UNESCO has come up with findings that Bangladesh is expected to achieve universal primary education in 2055 and universal lower secondary education in 2075 while universal upper secondary education not until the...

What has G-20 achieved in China?

Hasnat Abdul Hye | 2016-09-21 00:00:00

The Group of 20 (G-20) held its eleventh summit in Hangzhou in China on September 4 last, which was marked by diplomatic faux pas, highfalutin communiques and a pious declaration. Except the first two, the grand finale was redolent of...

Stock exchanges yet to derive benefits of demutualisation

Wali-ul-Maroof Matin | 2016-09-21 00:00:00

Demutualisation has been discussed among the market stakeholders in Bangladesh for 15 years. Some thought that it could be a magic to heal all the ills of the stock exchanges. Some thought it would be another energy burning futile exercise....

A turning point in EU\'s response to the economic crisis

Federica Mogherini, Kristalina Georgieva and Jyrki Katainen | 2016-09-21 00:00:00

Challenging times call for us to rise to meet them with new thinking. With innovation. With vision. We have to foster our internal growth and the wellbeing of our citizens. And we have to cooperate with our neighbouring countries to...

Dhaka to seek duty waiver for jute products from Bangkok

Talha Bin Habib | 2016-09-20 00:00:00

Bangladesh will seek trade privileges duty-waiver facility for its jute and jute products from Thailand in the upcoming joint trade meeting, officials said. The 4th Bangladesh (BD)-Thailand Joint Trade Committee (JTC) meeting will be held next month in Dhaka. The...

Donald Trump ends his racist \"birther\" movement: Will it affect his campaign?

M. Serajul Islam from Maryland, USA | 2016-09-20 00:00:00

The single important factor with which Donald Trump made his way from a rank outsider to win the Republican Party's nomination and now has come within striking distance of the White House is not his "ban Muslim" demand or fear-mongering...

Financial tools: Bangladesh Bank sets the ball rolling

Shah Md Ahsan Habib in the second of a three-part article on Sustainable financial system | 2016-09-20 00:00:00

Policymakers/regulators and market players are the key supply-side stakeholders of the sustainable financing initiatives that are mainly related to financial inclusion, agricultural and SME financing, green and sustainable energy financing. These issues have received notable importance in the policy documents...

Low prices of hides and skins: The consequences

Syed Jamaluddin | 2016-09-20 00:00:00

Low prices of hides and skins and high prices of salt resulted in a market crash for hides and skins this year. Price for hides and skins of sacrificial animals was the lowest in last eight to 10 years. In...

Economies of paved rural roads

Abdul Bayes | 2016-09-20 00:00:00

There is a positive link between infrastructural development (especially of roads) and crop production in villages. It is found that developed villages have paved roads and under-developed ones have kutcha ones. It is obvious that access to paved roads has...

Water sharing: An opportunity cost dilemma in South Asia

Muhammad Abdul Mazid | 2016-09-20 00:00:00

Over the past few decades, many of the 54 rivers in Bangladesh that originate in India have been either diverted or dammed upstream, inside India. All of these hydro-developmental initiatives have left a profound impact on the ecology of Bangladesh...

Turnover tax ceiling may rise

Doulot Akter Mala | 2016-09-19 00:00:00

Businesses may enjoy a higher ceiling of turnover tax while some price-sensitive items are set to be fully exempt from VAT under a new law. The National Board of Revenue (NBR) is exploring the possibility of granting the two relaxations...

Academy for Securities Market in the offing

Mohammad Mufazzal | 2016-09-19 00:00:00

The securities' regulator will establish an academy for educating investors on capital market. The Bangladesh Securities and Exchange Commission (BSEC) has formulated draft rules on development of investment education and training including the provision of establishing an academy. As per...

Rail connectivity core issue now for wooing investors

Munima Sultana | 2016-09-19 00:00:00

Government authorities have moved to establish rail connectivity with special economic zones across the country during site development to woo investors and make investment worthwhile. Official sources said selecting the EZs depends on the cost-effectiveness of investing money in building...

New programme offers aid to Syrian amputees

Tom Rollins of Al Jazeera in Beirut | 2016-09-19 00:00:00

When a shell landed next to 13-year-old Ghadeer in the street last year, her whole life changed in an instant. "An artillery shell exploded while we were walking down the street on our way to visit our relatives," she said....

Family of man killed by Israeli army feels \'powerless\'

Nigel Wilson of Al Jazeera in Silwad, occupied West Bank | 2016-09-19 00:00:00

On a recent afternoon, three generations of the Hamed family gathered in the living room of their family home in the occupied West Bank town of Silwad. Reunited amid grim circumstances, the family was mourning the death of Iyad Hamed,...

Stone Age mummy still revealing secrets, 25 years on

Simon Sturdee of AFP in Bolzano, Italy | 2016-09-19 00:00:00

When police heard about the frozen corpse up in the Alps in September 1991, they opened a criminal probe. Murder it was, but the crime was rather old -- and the ultimate cold case. The dead man, found by hikers...

Developing inclusive financial system for sustainable development

Shah Md Ahsan Habib in the first of a three-part article on Sustainable financial system | 2016-09-19 00:00:00

Designing a sustainable financial system and following effective actions are essential for ensuring financial stability of developing countries like Bangladesh. A 'founding platform' built with relevant policy actions and responses of the financial sector market players is a crucial pre-condition...

Motherless babies in the making

Neil Ray | 2016-09-19 00:00:00

The possibility of making women irrelevant for reproduction of the humankind has been unveiled. A British team led by Dr Tony Perry, a molecular embryologist at the University of Bath, has in fact created three generations of mice by adopting...

Workplace safety beyond apparel units

Shamsul Huq Zahid | 2016-09-19 00:00:00

Of the major six industrial accidents taking place in the world between 2007 and 2016, three had happened in Bangladesh, said a report published in the recent issue of a Dhaka daily. The death toll of these accidents was substantial,...

Families of Tampaco fire victims yet to get Tk 0.2m each

Talha Bin Habib | 2016-09-18 00:00:00

Even one week after the incident, families of the victims of Tampaco foils factory fire at Tongi in Gazipur district are yet to receive financial assistance from the government, as announced, due to administrative delay, officials said.   The Ministry of...

Price slump spurs rawhide smuggling

Ismail Hossain and Yasir Wardad | 2016-09-18 00:00:00

Low-down prices of rawhides and skins of sacrificial animals have spurred the smuggling of the potential item out of the country at large volumes than in previous years, sector-insiders said.   Many opted for trading out the unprocessed leather as seasonal...

Govt plans to raise tax revenue to 14.1pc of GDP

Doulot Akter Mala | 2016-09-18 00:00:00

The government has drawn up a draft action plan for raising the volume of tax revenue equivalent to 14.1 per cent of the gross domestic product (GDP) by fiscal year (FY) 2019-20. Under the plan, prepared by the Internal Resources...

The role of factory owners in ensuring workplace safety

M Jalal Hussain | 2016-09-18 00:00:00

Bangladesh is a low-cost emerging economy with the status of lower middle-income country, where apparels manufacturing and exports have become an important livelihood of millions of people from both urban and rural areas. It's the major labour-intensive sector of the...

The struggle to ban \'triple talaq\' in India reaches a crucial stage

Zeenat Khan from Maryland, USA | 2016-09-18 00:00:00

India's Home Minister Rajnath Sing, Finance Minister Arun Jaitley, Defence Minister Manohor Parrikar and Women and Children Development Minister Maneka Gandhi held a meeting in New Delhi on September 15 on the issue of banning 'triple talaq'. In the high-level...

Manipulation in hides and skins trading

Syed Jamaluddin | 2016-09-18 00:00:00

Prices of cow hides of sacrificial animals are 30 per cent lower this year. Retail traders could sell the skin of a cow at Tk 1,300 to Tk 1,500 which is lower than last year by Tk 500.This year the...

Govt plans \'blended\' loan to reduce interest rate burden

Syful Islam | 2016-09-17 00:00:00

The government, for the first time, is set to receive 'blended' loan from the World Bank in a bid to get fund at low-interest rate, officials said. The loan is a mixture of hard-term and soft credit. The decision has...

FM, NBR find DCCs\' proposal too complex

Doulot Akter Mala | 2016-09-17 00:00:00

The city-dwellers are unlikely to pay new 'cess' (an assessed tax), proposed by two city corporations recently, as the finance minister has found it too complex to implement along with the existing tax system. Finance minister AMA Muhith's observation came...