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No response yet from China over signing deal on funding

Munima Sultana | 2016-07-22 00:00:00

The government is yet to get any response from China to signing an agreement on financing for the proposed Karnaphuli tunnel construction, although a deal was inked with a Chinese company in this connection over a year ago. The Bridge...

A nostalgic collage of memories

Asjadul Kibria | 2016-07-22 00:00:00

Dhaka has been changing fast, especially over the last two decades. Many features characteristic of the city have disappeared. Lots of those who grew up during the 1970s and '80s in the city now find it non-accommodative.  They grew up...

Developing mind for human development

Nilratan Halder | 2016-07-22 00:00:00

Human development debate has shifted from the early day's gross domestic product (GDP) growth-centric approach to a much wider one these days. During the second half of the 20th century, human development focused only on economic growth and its hypothetical...

LDCs renew call to minimise the NTBs

Asjadul Kibria | 2016-07-22 00:00:00

Six months after the Nairobi ministerial conference of the World Trade Organisation (WTO), the Least Developed Countries (LDCs) have again stressed the urgency of addressing the issue of Non-Tariff Barriers (NTBs). This is not a new demand from the LDCs...

Drama therapy gives voice to Lebanese inmates

Federica Marsi of Al Jazeera in Beirut | 2016-07-22 00:00:00

When Zeina Daccache first set foot in Beirut's Oum el-Nour drug rehabilitation centre 15 years ago, most of the guests were middle-aged former fighters who participated in Lebanon's civil war and still had vivid memories of it. She approached them...

Pvt companies’ CSR to come under scanners

Doulot Akter Mala | 2016-07-21 00:00:00

The government moves to regulate freestyle corporate social responsibility (CSR) activities by private companies into right direction with specific guidelines, sources said. Finance Minister AMA Muhith has kick-started the move, dispatching a letter that seeks suggestions from research think tanks,...

Nat\'l organic agriculture guidelines in a month

Talha Bin Habib | 2016-07-21 00:00:00

The government is set to finalise the national organic agriculture guidelines-2016 within a month. The guidelines will have the provisions that would aim at maintaining agricultural land fertility and making farmers self-reliant by producing quality organic agricultural products, officials said....

Banks’ share mkt exposure deadline ends today

Siddique Islam | 2016-07-21 00:00:00

Almost all banks have complied with the share market exposure regulations, as the deadline in this regard ends today (Thursday), officials said. Three banks are set to receive approval from the central bank in this connection today after completing all...

Growing economy fuels demand for older cars

Mohammad Wazed Ali | 2016-07-21 00:00:00

Imports of reconditioned cars rose 11.5 per cent in the just-concluded fiscal year (2015-16) aided by strong economic growth and rising standard of living, importers said. In FY 2015-16, import of such cars was around 19, 000 cars compared to...

Black Lives Matter: Movement for social justice spreads in America

Zeenat Khan from Maryland, USA | 2016-07-21 00:00:00

This past Friday, out of the blue, a Chinese-American friend of my daughter from her college days named Andrew (name changed) had called to ask me if I read the online open letter initiated by Christina Xu in New York.The...

Interest rate swaps: Developing financial and money market

Adnaan Jamilee | 2016-07-21 00:00:00

In any risk-management assessment, there is always the option to do nothing, and that is what many people do. However, in circumstances of unpredictability, sometimes not hedging is disastrous. Financial derivatives are the way-out. Financial derivatives are useful for dealing...

KSA finally agrees to host BD banks

Rezaul Karim | 2016-07-20 00:00:00

The Saudi government finally allows Bangladeshi banks to open branches over there to facilitate sending home remittances by expatriates, officials said. Many bankers, however, say they would have to face tough competition with global leading banks in the Kingdom of...

BB alerts banks about any terror financing

Siddique Islam | 2016-07-20 00:00:00

The central bank warned the commercial banks against any negligence in compliance with the anti-money laundering and anti-terror financing rules, in the wake of restive situation. Sources said the warning was issued at a meeting of the chief executive officers...

Businesses likely to require fresh BIN

Doulot Akter Mala | 2016-07-20 00:00:00

Existing businesses may be required to obtain fresh business identification number (BIN) as per provisions of the new VAT and supplementary duty act, to get attuned to digital taxing process.     The National Board of Revenue (NBR) will start issuing new...

PC okays DPP, cuts cost to Tk 97.4b

Munima Sultana | 2016-07-20 00:00:00

The Planning Commission (PC) has decided in principle to approve the Jamuna Railway Bridge construction project, reducing its cost by about Tk 3.0 billion. Sources said the Project Evaluation Committee (PEC) reviewed the project on Tuesday, and gave its nod...

CNRL sneaks up to top Canadian natgas spot with shopping spree

Allison Martell and Nia Williams of Reuters | 2016-07-20 00:00:00

Canadian Natural Resources Ltd has quietly bought up about 12,000 natural gas wells across Alberta over the last two years, a Reuters analysis of regulatory data shows, becoming the country's largest natural gas producer as rivals sold assets or held...

Achieving zero-carbon emission

Saleh Akram | 2016-07-20 00:00:00

Zero -- carbon emission has been pinpointed by scientists as a major weapon for fighting the effects of climate change. The message was strongly conveyed in COP21, the UN Framework Convention on Climate Change (UNFCCC), the UN body responsible for...

Unburdening the Facebook generation

Mohamed A. El-Erian in Los Angeles | 2016-07-20 00:00:00

Once again, young people have gotten the short end of the political stick. The outcome of the United Kingdom's Brexit referendum is but another reminder of a yawning generational divide that cuts across political affiliation, income levels, and race. Almost...

BBIN initiative and after

Jahangir Bin Alam | 2016-07-20 00:00:00

South Asian countries have been able to recognise the importance of regional transport connectivity in accelerating their respective competitiveness and economic growth because of improved political relations and commitment for strengthening regional cooperation. The member countries of South Asian Association...

Economic consequences of capital flight

Abu Afsarul Haider | 2016-07-20 00:00:00

Latest data of the Swiss central bank shows that Bangladeshi nationals' deposits with various Swiss banks rose to 8.85 per cent year-on-year in 2015 to an astounding Tk 44.23 billion (550.85 million Swiss francs). The amount had stood at Tk...

Savings tools disappear from some banks

Doulot Akter Mala | 2016-07-19 00:00:00

Small savers are facing trouble in purchasing government saving certificates from a number of commercial banks as many complained about the shortage of the same. The reason for the shortage is not known.    The bankers' claim about shortage comes in...

Feasibility study on electric train fumbles

Munima Sultana | 2016-07-19 00:00:00

Railway authorities have yet to start feasibility study to ascertain viability of establishing electric or diesel tracks for introducing high-speed train service between the capital and major cities. Two years have elapsed since the Prime Minister gave the directive in...

BB continues to buy US dollar from commercial banks

Siddique Islam | 2016-07-19 00:00:00

Purchase of the US dollar by the central bank from commercial banks increased by nearly 10 per cent in the just-concluded fiscal year (FY) 2015-16. The Bangladesh Bank (BB) bought $ 4.13 billion directly from the commercial banks in the...

Only more Europe can beat Europe\'s nationalists

Guy Verhofstadt in Brussels | 2016-07-19 00:00:00

British voters' choice to leave the European Union (EU) is unfortunate, but unsurprising. For decades, British politicians have avoided making the case for EU membership, or even explaining to the British people how the Union works and why it is...

The kismet of basic science

Henry I Miller in Stanford | 2016-07-19 00:00:00

The British journalist Matt Ridley is usually an insightful commenter on the philosophy and practice of science. But his assessment of the relationship between basic research and technological innovation - in short, that "'basic science' isn't nearly as productive of...

The return of Ireland\'s housing bubble

Stefan Gerlach in Zurich | 2016-07-19 00:00:00

After having endured the collapse of its housing market less than a decade ago, Ireland has lately been experiencing a blistering recovery in prices, which already have risen in Dublin by some 50 per cent from the trough in 2010....

How credible is Trump\'s claim as a unifier?

M. Serajul Islam from Maryland, USA | 2016-07-19 00:00:00

Believe it or not, Donald Trump is now branding his campaign as a movement for law and order! In New York, while naming Governor Pence as his running mate on July 16 with two days left for the party's convention...

Universities can help develop skills for jobs abroad

SM Ruhul Alam | 2016-07-19 00:00:00

Migrants' remittances have the potential for enhancing Bangladesh's march towards the status of a middle-income country. And the flow of remittance income is increasing. Should Bangladesh suffer from complacency for this achievement? Who are sending more remittances? The simple answer...

Monga and seasonal migration

Abdul Bayes | 2016-07-19 00:00:00

Mushfiq Mobarak of the Yale School of Management, USA, takes on the issue of seasonal hunger with an eye to the role of migration in mitigation. Throughout the world, approximately 805 million people are reported to be food insecure. Of...

Govt finally offers 90pc depreciation facility

Doulot Akter Mala | 2016-07-18 00:00:00

The government has finally offered 90 per cent depreciation facility to the reconditioned car importers to release hundreds of cars long stuck-up at the Mongla seaport. Officials said the customs wing of the National Board of Revenue (NBR) offered the...