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BB starts impact study on offshore banking

Siddique Islam | 2017-08-14 00:00:00

Bangladesh Bank (BB) has started conducting a study on possible impact of the offshore banking unit (OBU) operations if such functions are brought under the Banking Companies Act (BAC), officials said. Under a latest move, the central bank has already...

Pakistan, the journey after independence

Malik Muhammad Ashraf | 2017-08-14 00:00:00

Pakistan will turn seventy on 14th of August this year ready to celebrate the day in a befitting manner. Nations celebrate their national and independence days to rejoice at their achievements and to renew pledges to keep marching on the...

Foreign investors becoming more optimistic about increasingly open Chinese market

Li Yan | 2017-08-14 00:00:00

Foreign investors are becoming more optimistic about the increasingly open Chinese market after acknowledging the stability and resilience of the country's economy. It is expected that in one or two years, China will attract more global investments. The Bank of...

In man-animal conflict there is no winner, ultimately

Neil Ray | 2017-08-14 00:00:00

If man-animal conflict cannot be avoided in vast stretches of Africa's savannas, it is only natural that the encounter would be more pronounced in land-scarce countries like Bangladesh. And so it has been proved by a study titled 'Status of...

Is food security under threat?

Shamsul Huq Zahid | 2017-08-14 00:00:00

'A stitch in time save nine', the age-old adage proved right again in the case of rice import by the Ministry of Food. Indifference and delayed action on the part of the ministry have made the food price situation complex....

Max Gr commissions Fenchuganj power plant in only 17 months

Back from Fenchuganj, Sylhet | 2017-08-13 00:00:00

The simple cycle unit of the 163 megawatt (MW) combined-cycle power plant at Fenchuganj in Sylhet district has gone into production in only 17 months. The gas-fired Kushiara Power Company Ltd (KPCL), which was constructed by MAX Group's subsidiary MAX...

Intertwining of the global economy

Kazi Anwarul Masud | 2017-08-13 00:00:00

Brexit and President Trump's 'America First' rhetoric notwithstanding it is unlikely that nationalism and economic nationalism would be able to arrest the march of globalisation. The world has become too complex and politico-economic relations have become intertwined for other ideologies...

Need for moving back from \"blackboard\"economics to the real world

Chen Ling | 2017-08-13 00:00:00

In a world beset by an economic downturn, China has remained an anchor of stability that continues to inject confidence into the global economy. The resilience and sound fundamentals of the Chinese economy have won praise from foreign scholars, think...

Project seeks addl fund, past targets are unmet

Talha Bin Habib | 2017-08-12 00:00:00

The rural development and cooperatives division has sought an additional Tk 7.50 billion for 'one house one firm' project in the current fiscal despite its poor performance, officials said.    The project, known as Ektee Bari Ektee Khamar, failed to achieve...

Govt plans more pvt ICDs, ICTs to ease Ctg port congestion

Syful Islam | 2017-08-12 00:00:00

The government is set to approve more Inland Container Depots (ICDs) and Inland Container Terminals (ICTs) in the private sector to help ease acute congestion at the Chittagong port, officials said. The ICDs facilitate quick clearance of FCL (full container...

Small plastic factories in old city now switching over to toy manufacturing

Mohammad Wazed Ali | 2017-08-12 00:00:00

Many plastic recycling and manufacturing units in old Dhaka are switching over to production of different kinds of toys and other small diversified products mainly for their sustainability and profitability, sector insiders have said According to them, as toy market...

No agency exists to police package delivery operators

Ismail Hossain | 2017-08-12 00:00:00

A move to bring the country's courier service operators under monitoring and regulation still remains a far cry as the concerned authority is functioning with inadequate manpower.   Amid rapid growth of courier business by private sector companies, the 'Mailing Operator...

Biding time for taking blue economy challenge

Prof. Sarwar Md. Saifullah Khaled | 2017-08-12 00:00:00

The Bay of Bengal is one of the world's largest marine ecosystems and it is also known for its biodiversity. It is assumed that Bangladesh has plenty of marine resources in the water within its sea limits. But the country...

Mobile Financial Services: Taking time to take off

Saleh Akram | 2017-08-12 00:00:00

Mobile financial service (or mobile banking as it is commonly know) has consolidated its position in the country. All this happened in less than four years since it was first launched in 2011. Since then, it registered an unprecedented growth...

North Korea ignores UN sanctions

M Serajul Islam | 2017-08-12 00:00:00

The Trump administration celebrated a rare victory in foreign relations last week. Its Ambassador to the United Nations Nickey Hailey succeeded in getting the other 14 UN Security Council members, including China and Russia, behind a resolution it sponsored on...

Rising prices of essentials

Syed Jamaluddin | 2017-08-12 00:00:00

Prices of essentials are rising by leaps and bounds. Onions have become pricier in the markets of the capital by Tk 15 to Tk 20 a kg in one week alone. Last week, it sold at Tk 22 per kg...

Better infrastructure key to poverty reduction

Abdul Bayes | 2017-08-12 00:00:00

It is estimated that roughly two-thirds of households in Bangladesh have access to electricity. There is almost a consensus that rural roads, electricity and irrigation - rural infrastructure at large - are main tools of pulling people out of poverty....

Unified test system to save on costs and time

Masum Billah | 2017-08-12 00:00:00

We have long heard of introduction of a 'unified' or 'cluster system' of admission test at our public universities. But no progress to that end has yet been discernible. In the absence of a 'uniform' or 'cluster system' of admission...

Rapists are increasingly on the prowl

Nilratan Halder | 2017-08-12 00:00:00

An alarming rise in reported rapes over the past weeks has set many people thinking what has suddenly gone wrong with society. It is not the rising incidence alone but also the ways of victimising girls, students in particular, that...

16 local, foreign firms seek licence to catch Tuna fish in Bay of Bengal

Ismail Hossain | 2017-08-11 00:00:00

Some 16 local and foreign firms have sought license from the fisheries department to catch Tuna and other pelagic species beyond the depth of 200 metres in Bangladesh's maritime area in the Bay of Bengal and in international waters. The...

InterContinental starts its journey by early next year

Mohammad Mufazzal | 2017-08-11 00:00:00

Ruposhi Bangla Hotel, previously known as Dhaka Sheraton, will resume commercial operation in the name of 'InterContinental Dhaka' by early 2018 on completion of ongoing renovation work and necessary certification of all machinery. The hotel was shut on September 1,...

Addressing the issue of the evolving roles of men in families

S. M. Rayhanul Islam | 2017-08-11 00:00:00

The growing interest in the role of men in the family has been triggered by diverse demographic, socio-economic and cultural transformations that have occurred over the past several decades, impacting the formation, stability and overall well-being of families. Enormous changes...

BASIC loan scam and ACC probe

Shamsul Huq Zahid | 2017-08-11 00:00:00

It is nothing unusual that the Anti-corruption Commission (ACC) would investigate cases of corruption allegations and prepare charge-sheets accordingly. The ACC has also done the same job recently in five out of 56 cases instituted by it involving the much-publicised...

Adverse impact of rising cost of health service

Nilratan Halder | 2017-08-11 00:00:00

Rising healthcare cost renders 6.4 million people without any means for survival each year. Of the total population, according to the World Health Organisation (WHO), 3.4 per cent become poorer on account of medical treatment cost and the percentage of...

Challenges over achievement of SDGs

Bazlul H. Khondker | 2017-08-11 00:00:00

The Sustainable Development Goals (SDGs), which include 17 goals and 169 targets, are global and applicable to all countries. It covers every aspect of a society and leaves no one behind. All of them are to be attained in the...

Bank liquidity rises on lending slowdown

Siddique Islam | 2017-08-10 00:00:00

Overall excess liquidity with country's commercial banks increased, as of June, for a lending downturn. Sources in banking circles find two cardinal causes --- lower credit growth, particularly in the private sector, and lesser government borrowing from the banking system...

Broadening knowledge base of youths

FE Special | 2017-08-10 00:00:00

South Asian Youth Research Institute for Development (SAYRID) organised a day-long summit on July 15, 2017 from 9 am to 5 pm titled 'Young Scholar Summit 2017' at R C Mozumdar Auditorium of  Lecture Theatre building in the University of...

Should business ideas be shared or concealed?

Tahmid Phils | 2017-08-10 00:00:00

Entrepreneurs do get into the dilemma with the precious business idea generated to be shared or locked up; not within others' reach. From spiritual perspective, the rationale can be argued on the point that these new, yet potential ideas should...

UN experts deplore conditions of indigenous peoples

Sarwar Md. Saifullah Khaled | 2017-08-10 00:00:00

A group of United Nations (UN) experts and specialist bodies has warned that the indigenous peoples face huge challenges worldwide even after a decade of the adoption of the UN Declaration on the Rights of Indigenous Peoples by the UN...

Inland waterways-borne sub-regional trade - a work in progress

Asjadul Kibria | 2017-08-10 00:00:00

Consolidation of the Bangladesh-Bhutan-India-Nepal (BBIN) sub-regional cooperation has been under process for the last couple of years. The Motor Vehicle Agreement (MVA) signed by the four countries could be a landmark move in this direction. But Bhutan backtracked in ratifying...