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45pc roads in worst condition: Survey

Munima Sultana | 2016-07-18 00:00:00

The government will have to spend eight times more than its yearly allocation to keep its road network fit for smooth traffic movement in the coming five years, a departmental survey report has said. The report found nearly 45 per...

New social media tools empower citizen journalism

Rob Lever of AFP in Washington | 2016-07-18 00:00:00

It may be inside a protest rally, or in front of a deadly shooting. Smartphones, video and social media are empowering citizens to tell their stories like never before. This became clear with the live video earlier this month from...

Welcoming Rio 2016: A pledge to build a new world

Iftu Ahmed from Aurora, Illinois, USA | 2016-07-18 00:00:00

Despite global spread of terrorism, the spirit of Olympic is still vibrant. Rio de Janeiro, the capital of the state of Rio de Janeiro, Brazil's 3rd most populous state and the first Portuguese-speaking county, is scheduled to light the Olympic...

Does institution matter for human capital development?

Selim Raihan | 2016-07-18 00:00:00

A fundamental proposition of new growth theories is that human capital is a key driver of economic growth. Development of human capital for the people of a country encompasses not only the diffusion and assimilation of available knowledge, but also...

Bangalees\' favourite dish

Neil Ray | 2016-07-18 00:00:00

Increased fish intake for the Bangalees, as confirmed by the Food and Agricultural Organisation (FAO)-prepared study, the State of Fisheries and Acuaculture-2016, is quite a positive development. The average fish consumption has risen from 14 kg four years ago to...

Sourcing Bhutanese hydropower

Shamsul Huq Zahid | 2016-07-18 00:00:00

Bangladesh for long has been seeking to import hydropower from neighbouring Bhutan. It wanted to import ready electricity, if available, or implement joint venture project for the purpose. But for one reason or other its expectation has remained unfulfilled.     However,...

Bolstering BIMSTEC regional trade

Asjadul Kibria | 2016-07-18 00:00:00

The Bay of Bengal Initiative for Multi-Sector Technical and Economic Co-operation (BIMSTEC) will step into the 20th year of its formation in 2017. But the regional organisation, now having seven countries as its members, is yet to take off in...

Dhaka weighs joining OECD mechanism against tax dodging

Doulot Akter Mala | 2016-07-17 00:00:00

Dhaka is considering joining BEPS framework of the OECD to check alleged tax evasion committed by the multinational companies through siphoning their profits surreptitiously, officials said.     Getting associated with the Organisation for Economic Cooperation and Development (OECD) oversight mechanism would...

Forex stands at $30b after ACU payment

Siddique Islam | 2016-07-17 00:00:00

Bangladesh made a routine payment of US$972 million to the Asian Clearing Union (ACU) against imports during the May-June period of the current calendar year, officials said. After the payment, the country's foreign exchange (forex) reserves came down to $29.64...

Central warehouse for farm produce likely by 2017

Talha Bin Habib | 2016-07-17 00:00:00

The government will build a central warehouse with cool-chain system at a cost of US$ 250 million for preserving agricultural produce, officials said.   The ministry of agriculture (MoA) with support from the Asian Development Bank (ADB) will establish the central...

A new playbook for China and ASEAN

Chin Tong Liew and Wing Thye Woo in Kuala Lumpur | 2016-07-17 00:00:00

The ruling by the Permanent Court of Arbitration in The Hague against China's territorial claims in the South China Sea is a watershed moment for international law and an unmistakable warning to China about its strategic assertiveness in Southeast Asia....

Good nutrition is good economics

Abdul Bayes and Hasanuzzaman | 2016-07-17 00:00:00

Although poverty and nutrition are said to be interwoven - one leads to the other - the prevailing notion is said to pay more attention to the former at the cost of the latter. It is thus no wonder that...

Food safety drive falters

Talha Bin Habib | 2016-07-16 00:00:00

Bangladesh Food Safety Authority (BFSA) cannot function properly due to dearth of manpower and required logistics support, thus making the food safety a distant dream, officials said. BFSA is the main agency of the government to ensure food safety for...

Govt okays terms, conditions on $11.38b Russian credit

Rezaul Karim | 2016-07-16 00:00:00

The government has approved the terms and conditions of U$ 11.38 billion credit pledged by the Russian government for setting up the Rooppur Nuclear Power Plant (RNPP) in Pabna district, officials said. The standing committee on non-concessional loan gave approval...

Normal sales yet to resume as shops reopen in city markets

Mohammad Wazed Ali | 2016-07-16 00:00:00

Normal sales are yet to resume in some important markets of the capital even a week after Eid-ul-Fitr, market operators have said. According to them, it will take some more days for resumption of normal sales in their shops as...

The dread called drugs

Sarwar Md Saifullah Khaled | 2016-07-16 00:00:00

Launch of a vigorous social movement against drug abuse and trafficking has been a need of the hour to check moral degradation and save the young generation from ruins. To this end programmes including colourful rallies, discussions, anti-drug essay and...

Economics: The undisciplined discipline

Lamia Mohsin | 2016-07-16 00:00:00

"The Age of Chivalry is gone, and that of sophists, economists and calculators has succeeded" While skimming through the television sets, we come across talk shows and live telecasts of conferences and roundtable meetings, where somber, placid-looking politicians, economists and...

Adorable Messi in a mess

Nilratan Halder | 2016-07-16 00:00:00

Lionel Messi is in a soup. His and his father's 21-month sentence in prison and a fine of 3.6 million euros by a Spanish court for tax evasion has come as a great shock to millions of his fans the...

Three independent and passionate women who lived life to the fullest

Blerta Cela | 2016-07-16 00:00:00

Dhaka is still reeling from the tragedy that hit the heart of the city last Friday night. The unprecedented terror attack is a direct threat to what Bangladesh stands for; a threat to human rights, diversity and women rights.  I...

Iran tackling its problems well

Sayed Kamaluddin | 2016-07-16 00:00:00

Despite all odds against it, Iran seems to be doing reasonably well in terms of economic development since the withdrawal of sanctions by the West after signing of a nuclear agreement with the UN Security Council's 5 veto powers plus...

Economic diplomacy in S Asian perspective

Muhammad Abdul Mazid | 2016-07-16 00:00:00

Economic diplomacy is a tool of a government to achieve the country's national interests. It should also remain focused on economic policy issues.  Economic diplomats are to monitor and report on economic policies in foreign countries and give the home...

Dhaka, Ctg industries get turnover tax exemption

Doulot Akter Mala | 2016-07-15 00:00:00

The government has scrapped turnover tax facility for manufacturing industries located in Dhaka South, North and Chittagong City Corporation area to bring them under VAT registration network. Value added tax (VAT) officials have to issue Business Identification Number (BIN) to...

Govt\'s net bank borrowing reaches Tk 48.07b in FY 16

Siddique Islam | 2016-07-15 00:00:00

The government's borrowing from the country's banking system jumped in the last week of June to partly finance its budget deficit in the just concluded fiscal year (FY), 2015-16, officials said on Thursday. The government's net bank borrowing stood at...

No share scam case in spl tribunal now for trial

Mohammad Mufazzal | 2016-07-15 00:00:00

The special tribunal on capital market has been sitting idle since May last as there is no case for trial. The tribunal sources said a total of 24 cases, including some cases related to the 1996 stock market scam, were...

For meaningful reforms of the University of Dhaka

S. M. Rayhanul Islam | 2016-07-15 00:00:00

The University of Dhaka, the oldest and largest University in today's Bangladesh, started its journey on the first day of July in 1921. Its role in the sovereign Bengalee nation's formation and the emergence of independent Bangladesh is a widely...

Results of conditioned reflex

Nilratan Halder | 2016-07-15 00:00:00

The time is out of joint; O cursed spite,/ That ever I was born to set it right! Thus Hamlet shares his frustration with the ghost. Not only has the prince of Denmark in that Shakespeare's famous drama felt the...

Bank interest spread widens

Siddique Islam | 2016-07-14 00:00:00

Overall interest-rate spread in the country's banking sector widened further in May as commercial banks cut interests on deposits deeper than that on lending. The weighted average spread between lending and deposit rates offered by the commercial banks rose to...

Experts meet today over delay of designs

Munima Sultana | 2016-07-14 00:00:00

The Panel of Experts (PoE) for the Padma bridge construction meet at the project site from today (Thursday) as the Chinese contractors could not solve the problem with finalising the design of the main bridge and the river training work...

Three cos re-submit IPO proposals

Mohammad Mufazzal | 2016-07-14 00:00:00

Three companies have re-submitted their IPO (initial public offering) proposals under the book building method as per the mandatory requirement of the revised Public Issue Rules, officials said.   They said the companies which submitted their revised IPO proposals are STS...

Challenges for food security

Abdul Bayes | 2016-07-14 00:00:00

The main challenge in the way of progress towards food security comes from continuing growth of population. The progress in reducing population growth in Bangladesh, from 3 per cent per year at 1971 independence to about 1.2 per cent now,...