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Stocks keep winning streak for fourth week

Babul Barman | 2017-07-15 00:00:00

Stocks extended the winning streak for the four straight weeks that ended Thursday as investors continued to show their buying appetite on large-cap stocks amid optimism. Market insiders said investors' enthusiasm sustained as local and foreign investors remained active in...

Risk management in banking unbanked people

Md. Saifullah Azad | 2017-07-15 00:00:00

Risk was, is and will be an integral part of modern financial system. This arises from uncertainty regarding an organisation's future losses and gains. Therefore, in simplified terms, there is a natural trade-off between risk and return. Risk is not...

Budget implementation faces challenges

Syed Jamaluddin | 2017-07-15 00:00:00

The implementation of the 2017-18 budget is facing challenges from the very beginning. This has resulted from withdrawal of proposed new Value Added Tax (VAT) Act. Revenue earnings will now be much less from VAT sources. The government has not...

The spectre of jobless growth

Saleh Akram | 2017-07-15 00:00:00

Bangladesh has been performing creditably on the economic front and its gross domestic product (GDP) has been growing steadily at a rate of 6.0 to 7.0 per cent annually over the years. But employment opportunities for the people and their...

Iran, like Soviet Union, on verge of collapse

Jim Lobe in Washington | 2017-07-15 00:00:00

Iran hawks suddenly have a new mantra: the Islamic Republic is the Soviet Union in the late 1980s, and the Trump administration should work to hasten the regime's impending collapse. It's not clear why this comparison has surfaced so abruptly....

A legacy for posterity

Nilratan Halder | 2017-07-15 00:00:00

Haridhan-famed Haripada Kapali has completed his life's journey at the ripe age of 95. He carried an enviable legacy of discovering and developing a rice variety outside of the Bangladesh Rice Research Institute (BRRI). No one, however, knows when another...

NBR in a dilemma over two types of BIN

Doulot Akter Mala | 2017-07-14 00:00:00

The National Board of Revenue (NBR) is now in a dilemma over deciding on two types of Business Identification Number (BIN) after the government backtracked from implementation of the new VAT law from the current fiscal year. Currently, both nine-digit...

BD, Lanka may sign MoU on FTA today

Munima Sultana | 2017-07-14 00:00:00

Bangladesh and Sri Lanka have agreed to start the process of preparatory work during the visit of the Sri Lankan President for signing a free trade agreement (FTA) to tap untapped markets and trades between the two countries. Diplomatic sources...

Investment of pension, gratuity, provident funds in bonds to be mandatory

Syful Islam | 2017-07-14 00:00:00

The government is likely to make it mandatory for the pension, gratuity and provident funds to invest a certain portion of their money in fixed income securities, officials said. A policy guideline on 'Fixed Income (Bond) Fund in Securities Market...

BR drops PMB rail to tidy performance sheet

Munima Sultana | 2017-07-14 00:00:00

Bangladesh Railway (BR) managed to tidy its annual report card showing over 90 per cent execution performance in the past fiscal by dropping Padma Bridge Rail project at the last moment. Official sources said non-disbursement of any funds from China...

The city of temporary rivers

Shamsul Huq Zahid | 2017-07-14 00:00:00

"This river is not the Padma but the Dhanmondi River, a temporary river of Bangladesh. It is as a seasonal river. It emerges during monsoon and vanishes at the onset of dry season", said a Bangla daily quoting a write-up...

Making the most of human resources

Nilratan Halder | 2017-07-14 00:00:00

While observing the World Population Day 2017 on Tuesday, July 11 last, Bangladesh chose a rather disjointed theme "Family Planning: Empowering People, Developing Nations". If it is family planning, it means in the Bangladesh context keeping the family size small....

The origin of growth in economics

Hasnat Abdul Hye | 2017-07-14 00:00:00

Having written two articles in this column on growth back to back last month in the context of inequality it behoves me to trace its origin with a view to finding out if the issue of inequality surfaced, even as...

Govt\'s net bank borrowing turns negative last fiscal

Siddique Islam | 2017-07-13 00:00:00

The government borrowing from the banking system turned negative in net terms during the just concluded fiscal year (FY17) as the repayments of loans were more than what it borrowed. Higher sales of savings instruments and slow implementation of development...

US versus Russia: Trump concedes grounds to Putin

M Serajul Islam | 2017-07-13 00:00:00

On his trip to Brussels at the end of May to meet the European leaders for the first time, President Donald Trump did not commit his country explicitly to Article 5 of the NATO Charter under which the United States...

The G20\'s harmony without Trump

Jeffrey D. Sachs in Medellin | 2017-07-13 00:00:00

O Freunde, nicht diese Töne! (Oh friends, not these sounds!), proclaimed the baritone in the stirring performance of Beethoven's Ninth Symphony to the Group of Twenty (G20) leaders in Hamburg last Friday (July 07, 2017) evening. That soul-stirring phrase, the...

G20\'s record does not inspire hope

Anis Chowdhury in Sydney and Jomo Kwame Sundaram in Kuala Lumpur | 2017-07-13 00:00:00

The Group of Twenty (G20) leaders meeting in Hamburg, Germany, has now taken place almost a decade after the grouping's elevation to meeting at the heads of state/government level. Previously, the G20 had been an informal forum of finance ministers...

ACU set to add JPY to currency basket

Siddique Islam | 2017-07-12 00:00:00

Japanese yen (JPY) is set to be included in the basket of Asian Clearing Union (ACU), aiming to boost business activities among its member countries through facilitating the payment system. The ACU technical committee has recommended inclusion of the third...

Govt moves to set cash dealings guidelines

Syful Islam | 2017-07-12 00:00:00

The government is set to formulate policy guidelines on reducing and discouraging cash transactions as part of its efforts to prevent money laundering and terrorist financing, officials said. The central bank has been asked to prepare by next month a...

Russian aid centre in Serbia rebuffs spy fears

Rachel O'BRIEN and Jovan MATIC of AFP in Nis, Serbia | 2017-07-12 00:00:00

Showing off tents, lifeboats and other rescue equipment at the Russian-Serbian Humanitarian Centre, co-director Viacheslav Vlasenko laughs at Western suspicions that his workplace is a front for a spy operation. "We are very open here," the cordial 70-year-old Russian told...

S Korea\'s first black model faces widespread racism

Jung Ha-Won of AFP in Seoul | 2017-07-12 00:00:00

Teenage male model Han Hyun-Min's long legs and powerful strut have made him a rising star on South Korean catwalks, but his agent knew there would be a problem in the ethnically homogenous country: he is half black. Han, 16,...

The new, inhuman \'Bermuda Triangle\'

Baher Kamal in Rome | 2017-07-12 00:00:00

World organisations, experts and scientists have been repeating it to satiety: climate change poses a major risk to the poorest rural populations in developing countries, dangerously threatening their lives and livelihoods and thus forcing them to migrate. They are also...

Declining remittances from migrant workers

Sarwar Md. Saifullah Khaled | 2017-07-12 00:00:00

Bangladesh experienced a sharp decline in the inflow of remittances sent by migrant workers in the last fiscal year 2016-2017. They remitted nearly US $12.77 billion in the last fiscal year 2016-2017, which is a six-year low.  The amount dropped...

Curbing abuse of bonded warehousing facility

Saleh Akram | 2017-07-12 00:00:00

It is an open secret that a large number of export-oriented industries and packaging units have long been misusing bonded warehousing  facility and thus depriving the government of a large amount of revenue. They are doing so by way of...

How healthy is the global financial system?

Mohamed A. El-Erian in London | 2017-07-12 00:00:00

In recent weeks, policymakers on both sides of the Atlantic have affirmed that the financial system is sound and stable. The US Federal Reserve announced in June that all US banks passed its latest annual stress test. And Fed Chair...

Business at fast food outlets on a roll, even as health concerns grow

Mohammad Wazed Ali | 2017-07-11 00:00:00

The number of fast and junk food outlets has been continuing to grow in different city areas over the last few years. Such a growth was driven by a rising tendency of the city dwellers, especially the young segments, to...

The origin and prospects of the New Silk Road

Helal Uddin Ahmed | 2017-07-11 00:00:00

Alongside the launching of the Asian Infrastructure Investment Bank (AIIB), one of the latest examples of Chinese efforts for going global, has been the Belt and Road Initiative. Formally floated by the Chinese President Xi Jinping in 2013, the One...

Production and consumption of rice

Abdul Bayes | 2017-07-11 00:00:00

A glance at production and marketing of different crops, obtained from a survey of 62 villages from rural Bangladesh, the recent one being in 2014, reveals interesting insights into the emerging scenario in the field of commercialisation of agriculture in...

Export setback calls for trade policy review

Asjadul Kibria | 2017-07-11 00:00:00

Earnings from the country's exports suffered a big setback in the just-concluded fiscal year (FY17). Export earnings registered a modest 1.72 per cent growth in the past fiscal year which was the lowest annual growth in the last one decade....

Developing the livestock sector

Sumon Kumar Paul | 2017-07-11 00:00:00

LIVESTOCK sector plays a major role in our economy. The sector has made big strides in recent years. There are seven Universities in our country now which provide Doctor of Veterinary Medicine (DVM) degree. A DVM programme typically lasts four...