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Community centres’ rents go up sharply as demand grows

Rezaul Karim | 2017-08-02 00:00:00

Rents on community or convention centres have marked a substantial rise in the city over the years despite a rapid expansion and improvement in such services, industry insiders said. The demand for rental service continues to rise as many city...

Banks’ investments in corporate bonds to be high-quality liquid asset

Siddique Islam | 2017-08-02 00:00:00

Commercial banks are likely to be allowed to include their investments in corporate bonds as high-quality liquid asset under liquidity-coverage ratio (LCR) of Basel-III framework. Bangladesh Bank (BB) made such observations Tuesday at a coordination meeting of major watchdog bodies,...

China leads global clean air movement, US walks backward

Daniel K. Gardner in Northampton | 2017-08-02 00:00:00

Every year, more than four million people around the world die prematurely from breathing dirty air. In China alone, the number of deaths attributable to air pollution exceeds one million annually. That figure may not come as a surprise; after...

New buses for Dhaka - a few questions

Asjadul Kibria | 2017-08-02 00:00:00

Dhaka city commuters are likely to get about 4,000 new buses in near future. Both the Road Transport and Bridge Minister Obaidul Quader and Mayor of the Dhaka North City Corporation (DNCC) Annisul Huq have been repeatedly announcing this for...

Deal with Thailand this month to import rice

Talha Bin Habib | 2017-08-01 00:00:00

The government is set to sign an agreement with Thailand in the second week of this month (August) to import rice from the Southeast Asian country, officials said. The ministry of food (MoF) will ink the memorandum of understanding (MoU)...

Dhaka metro construction finally begins tomorrow

Munima Sultana | 2017-08-01 00:00:00

Construction of the much-vaunted Dhaka metro begins tomorrow (Wednesday), amid challenges of doing the work smoothly through the cramped capital city where millions move through congestion. As planned, building the country's first metro rail commences with the construction work on...

Business of human trafficking goes on unabated

Baher Kamal in Rome | 2017-08-01 00:00:00

It is happening now. Millions of humans are forced to flee armed conflicts, climate change, inequalities, and extreme poverty. They fall easy prey to traffickers lurking anyone who can be subjected to sexual exploitation, forced labour and even sell their...

Rural income: Now and then

Abdul Bayes | 2017-08-01 00:00:00

Rural households have witnessed structural shifts in composition, levels and sources of income over the decades.  Empirical evidences drawn from primary sources of household-level panel data reveal that almost all rural households, directly or indirectly, bank on income from agriculture....

Fresh move to get MNCs, SoEs listed

Rezaul Karim | 2017-07-31 00:00:00

Dhaka Stock Exchange (DSE) has taken a fresh initiative to list more companies, especially the multi-national companies (MNCs) and state-owned enterprises (SoEs), for making the market more vibrant and stable, officials said. It proposed the finance ministry late last week...

BB resumes selling US dollar to stabilise exchange market

Siddique Islam | 2017-07-31 00:00:00

The central bank has resumed after one month the sales of US dollar to the commercial banks to provide them with foreign exchange support and stabilise the market, officials said. As part of the move, Bangladesh Bank (BB) sold US$...

Income tax returns leap to 1.55m, likely to rise this FY

Doulot Akter Mala | 2017-07-31 00:00:00

The number of income-tax returns filed by individual taxpayers registered a sharp growth to 1.55 million in the last fiscal, mainly due to mandatory submission of tax returns by government officials having monthly salary above Tk 16,000.      Officials attributed the...

Sailing from Bangladesh to Sri Lanka along the coastline

Md Shamim-Ul-Alam | 2017-07-31 00:00:00

Through the official tour of Sri Lankan President Maithripala Sirisena to Bangladesh during July 13-15, 2017, the two countries are back on the track to revitalise and strengthen their bilateral relations and begin some specific planning to boost their economic...

Hazrat Shahjalal Airport—a reality check

M. Serajul Islam | 2017-07-31 00:00:00

These days, my wife and I live in Dhaka and the USA and Canada where our two daughters live. We go away for a few months every year and then come back home. Every time we do so, I think...

Power and privilege

Neil Ray | 2017-07-31 00:00:00

Once trucks were the kings of the road. Not because these vehicles enjoyed the regal privileges like those of the very important persons (VIPs), but because they had an unwritten approval of leaving a trail of death and destruction on...

Ctg port: Privatisation and beyond

Shamsul Huq Zahid | 2017-07-31 00:00:00

There are a few problems in this country that apparently would never be solved, no matter how damaging they prove to be to the country's interest. Water-logging, traffic jam, poor road conditions, lack of necessary infrastructures etc., are the problems...

When lychee kills kids

Sarwar Md. Saifullah Khaled | 2017-07-31 00:00:00

According to a new study, the excessive and improper applications of insecticides and other agricultural chemicals in local fruit orchards may have caused an outbreak of a deadly swelling of the brain. The disease is known as acute encephalitis syndrome...

The world is changing much faster!

Manfred Lau | 2017-07-31 00:00:00

With 700 million individual users on Tencent's WeChat app, they have now turned to corporate clients: they launched Enterprise WeChat in April 2016, a cloud-based collaboration tool for companies that also track leave days and expense reports.   How will the...

Gerber Technology in RMG, textile advancement

Research Cell of the Bangladesh RMG Centre | 2017-07-31 00:00:00

Gerber Technology has been helping companies around the world for nearly half a century to develop, manufacture and take their products to the market smarter, faster and more efficiently. Today, the company provides integrated software and hardware solutions to more...

The govt stake in development of RMG, textile sector

Mikail Shipar | 2017-07-31 00:00:00

The government of Bangladesh, immediately after the Tazreen fire incident and the tragic collapse of Rana Plaza, took various steps towards improving overall workplace safety in the ready-made garment (RMG) and textile sector as well as making commitments to the...

Role of digital banking in furthering financial inclusion

Gultekin Binte Azad | 2017-07-31 00:00:00

Bangladesh has recently emerged as a curious case of digital innovation in this global spanning network of communication and trade. The country reached the lower middle income country status in 2015, and has showcased the potential of combating rural poverty...

Risks of e-Banking in Bangladesh: A critical perspective

M. Nazmul Khan | 2017-07-31 00:00:00

If we are ever asked "Why e-Banking?" by someone, we would probably be able to come up with more than one benefits that electronic banking yields in our day to day lives. It is changing the way we conduct our...

e-Banking: Pros and cons

Mohammed Nurul Amin | 2017-07-31 00:00:00

e-Banking is an electronic payment system that enables customers of a bank to conduct a range of financial transactions through the bank's website. The online banking system will typically connect to or be part of the core banking system operated...

Electronic payment platform in the offing

Siddique Islam | 2017-07-31 00:00:00

The use of both credit and debit cards, also referred as plastic money, are increasing gradually despite the lack of adequate infrastructure facilities particularly in rural areas of Bangladesh. Security concern is still prevailing in the digital payment system while...

BD\'s clothing export growth rate highest among top eight countries

Asjadul Kibria | 2017-07-30 00:00:00

Bangladesh registered the highest growth in apparel exports in 2016 among top eight clothing exporters of the world, according to the latest statistics of the World Trade Organisation (WTO). The growth rate was 6.07 per cent in the past year...

ADB suspends loans for four BR projects

Munima Sultana | 2017-07-30 00:00:00

Asian Development Bank (ADB) has suspended loans against four projects of Bangladesh Railway (BR) as the authorities could not make use of the fund within the period. Sources said the BR has already suspended all kinds of disbursements against those...

BB to print 1,500m currency, banknotes

Rezaul Karim | 2017-07-30 00:00:00

The Bangladesh Bank (BB) has set a target to produce 1,500 million pieces of currency and banknotes of different denominations in the current fiscal year (FY), up by 66 per cent from the FY 2015-16, officials said. "The currency notes...

Economics with a humanities face

Gary Saul Morson and Morton Schapiro in Chicago | 2017-07-30 00:00:00

In a 2006 survey, American university professors were asked whether it was better to possess knowledge from numerous fields of study, or from just one. Among professors of psychology, 79 per cent were enthusiastic about interdisciplinary learning, as were 73...

BSC seeks tax waiver

Syful Islam | 2017-07-29 00:00:00

Bangladesh Shipping Corporation (BSC) has again sought tax-VAT waiver against its procurement of vessels over next ten years, as the amounts will run into billions and affect its bid for 'survival', officials said. This is for a second time in...

Move to raise BR zones to four from two

Munima Sultana | 2017-07-29 00:00:00

The government has taken a move to increase the number of zones of the Bangladesh Railway (BR) to four from existing two for smooth operation of train and container services, sources said. The Ministry of Railways (MoR) has already drafted...

Stocks edge up amid positive earning expectations

Babul Barman | 2017-07-29 00:00:00

Stocks registered a modest gain last week that ended Thursday, after a single-week break, as investors showed their buying appetite on large-cap stocks amid optimism. Dealers said the market closed positive as optimistic investors showed their buying appetite on sector-wise...