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Funding slump threatens headway on AIDS

Mariëtte Le Roux and Marlowe Hood of AFP in Paris | 2017-07-25 00:00:00

Progress in beating back the AIDS epidemic risks being eroded by a funding shortfall set to grow under Donald Trump's proposed cuts to global health projects, experts and campaigners warned ahead of a major HIV conference. If adopted by Congress,...

Preparing now for the next financial crisis

Martin Khor in Penang, Malaysia | 2017-07-25 00:00:00

The Asian financial crisis started 20 years ago and the global financial crisis and recession nine years back. When a new global financial crisis strikes, the developing countries will be more damaged than in the last crisis as they have...

Modernising the system of bank guarantee in foreign exchange

Nironjan Roy in the first of a two-part article on changes in the Foreign Exchange Regulation | 2017-07-25 00:00:00

The Bangladesh Bank (BB) brought about some changes in the Foreign Exchange Regulation a few months ago, allowing commercial banks to issue bank guarantee in foreign currency without its prior approval. This is, of course, a very praiseworthy initiative which...

Are small farms still efficient?

Abdul Bayes | 2017-07-25 00:00:00

The seminal work by Nobel laureate Amartya Sen on farm size and productivity triggered debates among academics regarding farm size and productivity (output per unit of land). In the Indian context, possibly in the 1960s, the findings from the field-level...

Govt to halve excise duty on hajj pilgrims\' air tickets

Doulot Akter Mala | 2017-07-24 00:00:00

The National Board of Revenue (NBR) has decided to halve the excise duty for hajj passengers to ease their financial burden in purchasing air ticket. With the excise duty reduction, air fare for each of the Saudi Arabia-bound pilgrims will...

Farm-sector NPLs swell by Tk 11.16b in FY ‘17

Siddique Islam | 2017-07-24 00:00:00

The volume of classified loans in the agricultural sector bloated by over 27 per cent or Tk 11.16 billion in the just-concluded fiscal year, dodging a close watch by the central bank. According to Bangladesh Bank (BB)'s latest statistics, the...

Beyond the loss of working hours

Neil Ray | 2017-07-24 00:00:00

Dhaka City's nightmarish traffic chaos is worsening even further. According to a calculation by the World Bank, the current business hours lost daily due to tailback in the Bangladesh capital stands at 3.2 million and in terms of economic annual...

Cost-effective use of bamboo!

Shamsul Huq Zahid | 2017-07-24 00:00:00

It is not at all surprising that within a gap of nearly one year, the use of bamboo strips instead of mild steel (MS) rods in the construction of the three-storey academic building of the Bandarban Government Women's College was...

LTU milks most VAT from ten payers, misses out on vast potential

Doulot Akter Mala | 2017-07-23 00:00:00

Top ten large taxpayers paid 78.45 per cent or Tk 288.24 billion in value-added tax (VAT) last fiscal while huge potential remained untapped, officials said.     And nearly half of the amount realised by the large taxpayers unit (LTU) in FY2016-17...

Two pieces of news -- one cheerful, other disappointing

Hasnat Abdul Hye | 2017-07-23 00:00:00

Two pieces of news have appeared in the media at short intervals engendering mixed feelings of optimism and disappointment. To the cynic, they may even appear to cancel each other out being seemingly contradictory to each other. The Asian Development...

Impact of corruption in the financial market of Bangladesh

Helal Uddin Ahmed | 2017-07-23 00:00:00

Black money has been dominating the economies of South Asia for a long time and its dominance in Bangladesh has increased in recent years. A study on the subject by researchers at the Bangladesh Institute of Development Studies (BIDS, 1997)...

The ideology of market fundamentalism versus \"Macroneconomics\"

Anatole Kaletsky in London | 2017-07-23 00:00:00

Next month will mark the tenth anniversary of the global financial crisis, which began on August 09, 2007, when Banque National de Paris announced that the value of several of its funds, containing what were supposedly the safest possible US...

SoEs owe over Tk 235b to five banks

Rezaul Karim | 2017-07-22 00:00:00

State-owned enterprises (SoEs) owe over Tk 235.51 billion to five public sector banks, of which over Tk 1.45 billion is classified loan (CL), official data showed. The major portion of outstanding loans amounting to over Tk 146.64 billion lies with...

Taxmen plan raids to trace evaders

Doulot Akter Mala | 2017-07-22 00:00:00

Government's tax authority plans to raid some organisations on a pilot basis to trace foreign workers evading taxes allegedly with the connivance of the employers. Officials said the move came after taxmen had found a significant increase in foreign employees...

Stocks break four-week gaining spell on profit booking

Babul Barman | 2017-07-22 00:00:00

Stocks witnessed moderate correction last week that ended Thursday, snapping a four-week winning spell, as cautious investors opted for booking profits on quick-gaining stocks. Dealers said the investors sold shares to bag profits on stocks that saw substantial gains in...

Forging closer Canada-Bangladesh trade ties

Abdullah Mohibuddin | 2017-07-22 00:00:00

After my retirement from BIMAN Bangladesh Airlines as DC10 Flt Engineer (Cockpit crew), I flew from Bangladesh and landed in Canada. Over the past six years I and my family have become Canadians. Canada is a wonderful country to live...

Training to strike at root of jobless problem

Sarwar Md. Saifullah Khaled | 2017-07-22 00:00:00

The remittance flow into the country has slowed because in recent times manpower export suffered. More and more technical hands are now in demand not only in the overseas manpower markets but also at home. The Bangladesh government has a...

How parasites pull the strings

Robbie Rae in Liverpool | 2017-07-22 00:00:00

Science fiction has long explored the terrifying possibility that we are devoid of free will, and that some unpleasant creature could control our minds or turn us into plodding zombies. But mind control is not just a literary trope. It...

Reining in default loans

Syed Jamaluddin | 2017-07-22 00:00:00

A list of 100 loan defaulters has been disclosed in Parliament on July 10. Some big groups have taken huge amounts from banks and are not repaying the money. Their names, however, are not in the list. They have their...

Obamacare wins as Trumpcare fails in Senate

M Serajul Islam | 2017-07-22 00:00:00

President Donald Trump's attempt to replace Obamacare with a healthcare plan dubbed after him has failed. Some Republicans in Senate, after grappling with the Trumpcare bill for weeks, have finally conceded that there are some among them who would not...

Mango miracle made possible

Nilratan Halder | 2017-07-22 00:00:00

Since when have the people of the country enjoyed the mango treat so regally in late Ashar and even in early Shraban? Well, traditionally fazli, the late arrival of the lot, used to be available at this time. But not...

BB turns down plea to relax single-borrower loan limit

Syful Islam | 2017-07-22 00:00:00

The central bank has rejected the power division's plea for allowing the banks to lend funds exceeding 25 per cent of banks' paid-up capital to single borrowers for establishing large power plants, officials said.Instead, the Bangladesh Bank suggested seeking syndicated...

Govt suspends further borrowing from banks

Siddique Islam | 2017-07-21 00:00:00

The government has suspended further borrowing from the banking system through cancelling upcoming six auctions of its securities for this month to ensure proper cash management, officials said. The Bangladesh Bank (BB) apprised on Thursday the commercial banks of the...

Japanese JV bags metro rail procurement contract

Munima Sultana | 2017-07-21 00:00:00

A Japanese joint-venture company has been selected to provide train sets and depot equipment for operating the country's first metro rail system to be established between southern and northern corridors of the city. The Kawasaki and Mitsubishi Joint Venture Company...

For education befitting 21st century

S. M. Rayhanul Islam | 2017-07-21 00:00:00

Ekush Shatok: Onyo Rokom Shikkhar Shondhaney    by Farhana Mannan Published by Adarsha, 2017 Pages: 136, ISBN: 978-984-92659-8-6 We are living in the increasingly globalised and fast changing world of the 21st century which offers both opportunities as well as challenges....

School education: From quantity to quality

Abdul Bayes | 2017-07-21 00:00:00

Traditional economic theories developed since the 1960s embrace the endogenous growth theory. The theory introduces the concept of human capital as a means towards ensuring economic growth. Almost similar to this argument is Amartya Sen's human development paradigm that reminds...

Finding a new manager for city\'s drainage system

Shamsul Huq Zahid | 2017-07-21 00:00:00

It was quite a drama enacted over the city's water-logging problem at the inter-departmental coordination meeting, convened by the Dhaka North City Corporation (DNCC) on last Sunday. Local Government and Rural Development (LGRD) Minister Engineer Khandoker Mosharraf Hossain, who was...

Respect for dignity of labour

Nilratan Halder | 2017-07-21 00:00:00

Emaciated and brutalised Aduri-once a domestic help at a house in Mirpur of Dhaka city, who was abandoned in a heap of garbage at Pallabi, has long recovered from the starvation-related ill health and physical wound inflicted on her. But...

The quiet demise of austerity

James McCormack in London | 2017-07-21 00:00:00

It has been several years since policymakers seriously discussed the merits of fiscal austerity. Debates about the potential advantages of using stimulus to boost short-term economic growth, or about the threat of government debt reaching such a level as to...

Govt in quandary over duty concessions in China market

Syful Islam | 2017-07-20 00:00:00

Facing the dilemma of accepting the zero-tariff treatment or swapping it for the Asia-Pacific Trade Agreement (APTA) benefits on the Chinese market, the government moves to conduct a comprehensive study before deciding. Officials said the ministry of commerce (MoC) last...