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How to invest in and repatriate investment from Bangladesh

Tofazzul Hussain | 2017-06-14 00:00:00

Successful business organisations and corporate houses wish to expand globally based on their domestic success stories primarily for the decision that prospective financial rewards outweigh the projected cost of launching an overseas investment.Either they expand business in different parts of...

Beatification with bonsai

Nilratan Halder | 2017-06-14 00:00:00

It could be passed as the product or even an invention of a devil's workshop. Isn't an idle head a devil's workshop? But it's more than that. Beatification of the capital's Airport Road with bonsais certainly smacks of ingenuity. However...

Fund shortage affects TCB’s procurement of essentials

Rezaul Karim | 2017-06-13 00:00:00

Trading Corporation of Bangladesh (TCB) has long been facing capital shortage and borrowing from banks to procure essential items for the purpose of market intervention, officials said. As a result, they said, the procurement of essential items becomes difficult for...

Many cos fail to utilise IPO fund within timeframe

Mohammad Mufazzal | 2017-06-13 00:00:00

Many of the companies listed with the bourses have failed to utilise IPO (initial public offering) fund within the stipulated timeframe mentioned in their respective prospectus. Failing to utilise IPO funds timely, the companies have revised the fund utilisation plans...

Retired BB staffers seek festival bonus under contributory PF

Talha Bin Habib | 2017-06-13 00:00:00

The officials and employees of Bangladesh Bank (BB), who went on retirement under contributory provident fund (CPF) scheme, will not get festival bonus in the upcoming Eid-ul-Fitr. Finance Division under Ministry of Finance (MoF) in a circular in November 2016...

On the highway to growth or development?

Abdul Bayes | 2017-06-13 00:00:00

In the budget speech in parliament on June 01, Finance Minister AMA Muhith gave us good news that Bangladesh is now on the 'highway to development' (Unnyoner Mohashoroke). The budgetary allocations show that the country may be on the highway...

Pathology of Islamic extremism—political, economic, social

Imtiaz A. Hussain in the first of a six-part series assessing the origins, on-goings, and outcomes of Islamic extremism | 2017-06-13 00:00:00

With the Manchester and London terror incidents reaffirming Islamic extremism to be far from exhausted, it is perhaps time to rethink the nature of the beast since, apparently, proper prescriptions still remain evasive. Islamic extremism is being used in this...

Growth with equity: The budget for 2017-2018

Hasnat Abdul Hye | 2017-06-13 00:00:00

A budget can be analysed to find fault with or for appreciation from many perspectives ranging from balancing income and expenditures and implementation capacity of the government. This write-up examines the budget proposal for 2017-2018 from the point of view...

Buyback policy for govt securities on the cards

Siddique Islam | 2017-06-12 00:00:00

The government has planned to introduce a buyback arrangement for its securities to bring dynamism in the secondary market, officials said. They said the Ministry of Finance, Bangladesh Bank (BB) and Primary Dealer (PD) banks will work jointly to formulate...

Greater VAT paying cos to come under LTU

Doulot Akter Mala | 2017-06-12 00:00:00

All large-scale businesses, each paying Tk 100 million annually in tax on average, are set to come under close supervision of the Large Taxpayers Unit (LTU) under VAT department from next fiscal. The National Board of Revenue (NBR) has framed...

EU\'s border dwellers applaud as roaming charges end

Benjamin Massot of AFP in Mouscron, Belgium | 2017-06-12 00:00:00

The end of roaming fees in the EU is drawing loud cheers from mobile phone users, and nowhere more so than in borderlands where residents are always just a step away from involuntarily incurring hefty surcharges. "The end of roaming...

Serbian ex-spy chiefs back on trial for Bosnia crimes

Charlotte Van Ouwerkerk of AFP in The Hague | 2017-06-12 00:00:00

Two former Serbian intelligence chiefs go back on trial before UN judges on Tuesday, accused of running death squads which terrorised Bosnia and Croatia in the 1990s Balkans wars. Jovica Stanisic, 66, and Franko Simatovic, 67, were initially acquitted in...

Israel using GCC crisis to undermine Palestinian cause

Al Jazeera | 2017-06-12 00:00:00

The current Qatar-Gulf crisis has offered Israel a golden opportunity to normalise its presence in the region, undermine the Palestinian cause and deliver a diplomatic blow to the Islamic Resistance movement, Hamas, analysts say. Under the pretext of fighting "terrorism",...

Digital Bangladesh and budgetary provisions

Matiul Islam Nowshad | 2017-06-12 00:00:00

The vision of Digital Bangladesh truly captures the aspiration of the nation to be in league with the global movement of improving lives capitalising the technological revolution in motion. Encouragingly, there is consensus on what should be the vehicle through...

The Trump versus Comey drama

M Serajul Islam | 2017-06-12 00:00:00

Washington has been witnessing political events since the assumption of office by President Donald Trump that no one would have imagined possible even in a nightmare. An administration is in office where an American President eulogises Vladimir Putin like a...

The tale of seasonal vendors

Neil Ray | 2017-06-12 00:00:00

They are not seasoned but seasonal vendors. Only a month or so is the time of their trading venture before each of the great festivals of Eid -Eid-ul Fitr and Eid-ul Azha. This is the time when footpath hawkers enjoy...

Rice price: Govt faces double whammy

Shamsul Huq Zahid | 2017-06-12 00:00:00

The price of the main staple, rice, has reached all-time high. The coarse variety of rice is now being sold at Tk 50 a kg and the finer variety at well above Tk 60 a kg. The uptrend in rice...

Post-Soviet Russian economic collapse

Vladimir Popov in Moscow and Jomo Kwame Sundaram of IPS in Kuala Lumpur | 2017-06-11 00:00:00

Wide-ranging economic reforms following the demise of the Soviet Union at the end of December 1991 mainly resulted in economic collapse in most successor states. By the mid-1990s, output had fallen by about half compared to 1989. Meanwhile, income inequalities...

Shanghai Cooperation Organisation: What does it mean to India and Pakistan?

B R Deepak in New Delhi | 2017-06-11 00:00:00

As India and Pakistan became formal members of the Shanghai Cooperation Organisation (SCO) during its summit on June 8, 2017 in Astana, Kazakhstan, there were lots of anxieties as regards the SCO turning into a battleground for settling scores owing...

Renewing commitment to SDGs: Private sector gets active

Paloma Duran of IPS in the United Nations | 2017-06-11 00:00:00

Just last month business representatives from around the world joined the United Nations Sustainable Development Goals Fund commemorate their work as part of the Private Sector Advisory Group (PSAG). For much of the last two years, the group has been...

Impact of US pull-out from Paris Deal

Martin Khor of IPS in Penang, Malaysia | 2017-06-11 00:00:00

By withdrawing the United States from the Paris Agreement, President Donald Trump abdicated not only leadership but membership of the community of nations cooperating to tackle climate change, the most serious crisis facing humanity. Trump's announcement was shocking, even though...

Asia\'s indigenous women fight for justice, influence and equity

Julie Koch of IPS in Copenhagen | 2017-06-11 00:00:00

Indigenous women in Asia are setting examples in their efforts for a more peaceful, fair and equal world. But discrimination, poverty and lack of recognition still hinder indigenous women from fully participating in developing their societies. 2017 has been called...

\'The SCO is Pakistan\'s natural platform\'

Syed Hasan Javed in People's Daily from Islamabad | 2017-06-11 00:00:00

The evolution of Shanghai Cooperation Organisation (SCO) since its emergence 16 years ago, as an effective regional organisation is reflection of the success of the principles that underpin its establishment, as well as the firm commitment of its Members. The...

The celebration of life: Memories last by sharing them

Aeman T Rasul | 2017-06-11 00:00:00

We remember Azimuddin Ahmed, our uncle on his 2nd death anniversary on June 11, 2017, by paying tribute to his departed soul. Time really does fly. It was just like the other day when we were all having Chinese at...

Drivers of economic growth in South Asian

Selim Raihan, Md. Jillur Rahman & Mahtab Uddin | 2017-06-11 00:00:00

In recent years, South Asia has become the fastest growing region in the world. According to the Asian Development Bank's Outlook of 2017, the impressive growth performance of South Asia is, in fact, expected to drive economic growth for overall...

The economic consequences of a hung UK parliament

Diane Coyle in Manchester | 2017-06-11 00:00:00

The United Kingdom's just-completed election was supposed to provide - as the Conservative Party's campaign slogan put it - a "strong and stable" government. It ended up doing the opposite, producing a hung parliament and the likelihood of another general...

Major EEF policy overhaul soon to mend loopholes

Syful Islam | 2017-06-10 00:00:00

The Equity and Entrepreneurship Fund (EEF) is set to see major policy changes after its operational disorders through which many borrowers fled or defaulted on loan repayment.    Official sources said the government has asked the authorities concerned to scrutinise loopholes...

\'Unfit vessels\' being given a facelift to cope with Eid rush

Talha Bin Habib | 2017-06-10 00:00:00

Special launch service will start from June 23 with over 50 additional vessels being added to the existing fleet to carry an increasing number of home-bound people on the occasion of upcoming Eid-ul-Fitr.    Usually, 75 to 80 launches ply 41...

Stocks stay positive for third straight week

Babul Barman | 2017-06-10 00:00:00

Stocks extended the winning streak for the three consecutive weeks that ended Thursday, the first post-budget week, as some investors continued their buying appetite on sector specific issues. Brokers said the market maintained the upward trend in the week after...

Upazila courts in widening access to justice

Gazi Delwar Hosen | 2017-06-10 00:00:00

Access to justice is still a major challenge pertaining to the discourse of good governance, rule of law and democratic values as core ethos of liberation struggle in Bangladesh even after 45 years of Independence. Judiciary is considered the last...