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China\'s corporate-debt challenge

David Lipton in Washington, DC | 2016-08-22 00:00:00

The Chinese economy has slowed in recent years, but it is still a strong performer, contributing about one-third of total economic growth worldwide. It is also becoming more sustainable, in line with the shift in its growth model away from...

To give or not to give alms

Neil Ray | 2016-08-22 00:00:00

Australian Prime Minister Malcolm Turnbull finds himself in an intriguing situation over giving alms. His act of charity has both been defended and criticised. Defended, because it was an instant human reaction. Criticised, because in Melbourne giving alms to beggars...

Sorry tale of TR and FFW

Shamsul Huq Zahid | 2016-08-22 00:00:00

Information Minister Hasanul Haque Inu's allegation about massive irregularities in 'Test Relief' (TR) and 'Food for Works' (FFW) programmes involving the lawmakers had stirred up a real hornet's nest. Instantly, he came under attack from all directions. To assuage the...

Move underway to enhance cargo handling capacity of Mongla port

Talha Bin Habib | 2016-08-21 00:00:00

The government has taken a number of initiatives to improve the capacity of the Mongla port against the backdrop of an increase in its workload, officials said. The government has decided to complete some unfinished works on a number of...

Tax fair on Nov 01-07 ahead of month-end return submission deadline

Doulot Akter Mala | 2016-08-21 00:00:00

Government's revenue authority will hold income tax fair in the first week of November at its new headquarters ahead of the November 30 cut-off time for taxpayers to pay their taxes or penalty thereafter. Officials said the National Board of...

BB goes on big buy of dollar

Siddique Islam | 2016-08-21 00:00:00

The central bank has gone on a big buy of the US dollar from banks to prop up the inter-bank foreign-exchange market amid a higher inflow of the greenback ahead of Eid-ul-Azha. Officials said under the latest interventional move, the...

BSEC yet to finalise revised rules for mutual funds

Mohammad Mufazzal | 2016-08-21 00:00:00

The securities regulator is yet to finalise the proposed amendment to rules for mutual funds (MFs), despite the regulator took decision in principle regarding new provisions for the amendment brought eight months back. On December 7 last, the Bangladesh Securities...

Thrust on streamlining social security system

Shamsul Alam | 2016-08-21 00:00:00

Bangladesh achieved its independence through the supreme sacrifices of three million people with the vision of creating an equitable society free from exploitation, poverty, hunger and deprivation. The constitution of the People's Republic of Bangladesh adopted just after one year...

What role for global governance?

Kemal Dervis in Washington, DC | 2016-08-21 00:00:00

Can global governance solve most of our economic problems? Or does it too often promise more than it can deliver, and divert attention from more practical reforms that national governments should implement? In a recent commentary, Harvard University economist Dani...

Errant tanners start paying fines to state coffer

Talha Bin Habib | 2016-08-20 00:00:00

The tanners at Hazaribagh in the capital have started paying fines, as imposed by the Supreme Court, to the state coffer following their failure to relocate their units to Savar, officials said. They are depositing the fines with a branch...

Panel for fixing LPG price at rational levels

Syful Islam | 2016-08-20 00:00:00

A government-assigned body has suggested setting liquefied petroleum gas (LPG) tariff at retail level not more than 1.5 times of landed cost or cost and freight (C&F) price of raw materials, officials said. The recommendation equally applies to the fuel...

Stocks edge up amid dull trading

Babul Barman | 2016-08-20 00:00:00

Stocks posted marginal gain last week that ended Thursday, after witnessing mild correction in the previous week, as some enthusiastic investors took position on sector specific stocks. Brokers said the bargain hunters were active on sector specific stocks in the...

Urea fertiliser output up by 0.13m tonnes

Mohammad Wazed Ali | 2016-08-20 00:00:00

Fertiliser factories under Bangladesh Chemical Industries Corporation (BCIC) have produced 1.06 million tonnes of urea fertilisers in the last fiscal year, up by 0.13 million tonnes than that of the previous fiscal, officials said. According to them, production has increased...

A poet in context: Faiz Ahmad Faiz

Prof. Sarwar Md. Saifullah Khaled | 2016-08-20 00:00:00

Faiz Ahmad Faiz (1911-1984) was an influential left-wing intellectual, revolutionary poet, and one of the most highly regarded poets of the Urdu language, having been nominated four times for the Nobel Prize for literature. A notable member of the Progressive...

Taskforces for closing illegal KG schools

Masum Billah | 2016-08-20 00:00:00

Kindergarten (KG) schools have mushroomed at every nook and corner of the country from the remotest village to the capital city. This fact coupled with the recent terrorist attacks, has drawn the attention of the government to the necessity, quality...

Season close to Rabindranath\'s heart

Nilratan Halder | 2016-08-20 00:00:00

The month of Shrabon has just given over to Bhadra. But its legacy lingers. Rabindranath has an overwhelming favouritism for the rainy season. His love for the season was intense and passionate. This is why he could write immortal lines...

Monetary policy and real estate market

M Jalal Hussain | 2016-08-20 00:00:00

All central banks have well-defined monetary policies (MP) with specific goals and objectives. The objectives of the policy depend on the economic conditions of a country. But the common objectives of the MP are to control inflation and keep it...

Feed industry: Attaining economies of scale

Md. Julker Naim and AHM Yeasin Chowdhury | 2016-08-20 00:00:00

There are more than 130,000 poultry farms in Bangladesh and the total investment for the poultry sector is about Tk.150 billion. About six million people are directly or indirectly dependent on the poultry sector for their livelihood. Poultry, fisheries and...

The hidden danger of big data

Carlo Ratti and Dirk Helbing in Cambridge | 2016-08-20 00:00:00

In game theory, the "price of anarchy" describes how individuals acting in their own self-interest within a larger system tend to reduce that larger system's efficiency. It is a ubiquitous phenomenon, one that almost all of us confront, in some...

What\'s to do with Donald Trump now?

M. Serajul Islam from Maryland, USA | 2016-08-20 00:00:00

By now Donald Trump must be very allergic to numbers because in all polls on the US presidential election, and there are so many, the prediction about his chances of winning is very pessimistic. In polls nationally, Hillary Clinton has...

BB opposes PSB\'s micro-savings prog plan for apparel workers

Syful Islam | 2016-08-19 00:00:00

The central bank has differed with a proposal of the Palli Sanchay Bank (PSB) to launch micro-savings programme for apparel workers in urban areas, officials said. The Bangladesh Bank (BB) has found that the move is out of purview of...

Dhaka set to press for forming South Asian economic union

Munima Sultana | 2016-08-19 00:00:00

Bangladesh is likely to press the upcoming SAARC finance ministers' meeting for signing all pending agreements among member-countries for forming the South Asian Economic Union (SAEU), official sources said. As part of the move, they said, signing of motor vehicles...

Equal opportunities for children

S. M. Rayhanul Islam | 2016-08-19 00:00:00

"All children have rights, regardless of race, colour, sex, language, religion, political or other opinion, national, ethnic or social origin, property, disability, birth or other status (Article 2). "All children have a right to life, and to survive and develop...

Immigration—optimistic view

Asjadul Kibria | 2016-08-19 00:00:00

Feelings of anger and hostility towards the immigrants to the Western countries are on the rise now. Donald Trump, the Republican Party's presidential candidate for the 2016 election in the United States, is allegedly adding fuel to the fire in...

Which face of Bangladesh will endure?

Nilratan Halder | 2016-08-19 00:00:00

All countries on this planet have their faces distinct from each other. Yet each one is nebulous. A country's face changes for a host of reasons. A Usain Bolt can be Jamaica itself. Brazil and Argentina are known for their...

The political usefulness of GDP

Philipp Lepenies in Potsdam | 2016-08-19 00:00:00

Gross domestic product (GDP) is the most powerful metric in history. The US Commerce Department calls it "one of the great inventions of the twentieth century." But its utility and persistence reflect political realities, not economic considerations. Most of us...

BB, NY Fed, SWIFT vow to work jointly to recoup $81m

Siddique Islam | 2016-08-18 00:00:00

The Federal Reserve Bank of New York (NY Fed), Bangladesh Bank (BB) and SWIFT have reiterated their commitment to work together to recover the entire stolen $81 million from the Philippines. The three parties have also decided to continue discussions...

Railway master plan up for fault repair

Munima Sultana | 2016-08-18 00:00:00

The 20-year railway master plan is up for fault repairs within three years of its adoption, sources said. They said the Ministry of Railway (MoR) moved for reviewing its master plan, taken up for implementation in 2013, as the Bangladesh...

Limestone flux import hits snag for HS code mismatch

Doulot Akter Mala | 2016-08-18 00:00:00

Importers could not import limestone flux (solid form) from Bhutan since February for higher duty charged on the industrial raw material for mismatched HS code of the item, industry-insiders said. Limestone import was enjoying duty-free facility under HS code 2521.00.00....

TCB launches sales this month as Eid nears

Talha Bin Habib | 2016-08-18 00:00:00

The Trading Corporation of Bangladesh (TCB) will resume selling of essential commodities through open trucks from the current month amid price hike in some items in the market due mainly to flood in some parts of the country, officials said....