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Slums and sorrows

Abdul Bayes | 2016-07-02 00:00:00

Bangladesh's cities are growing at a rapid pace. Reportedly, about one-fourths of population, as per the Census of 2011, reside in cities. The most recent 'guesstimates' say that urban population constitutes roughly one-thirds of the total population.  Dhaka alone accounts...

BPDB seeks tax waiver on share offloading

Syful Islam | 2016-07-01 00:00:00

The Bangladesh Power Development Board (BPDB) has sought waiver from paying advance income tax (AIT) as it has moved to offload 10 per cent more shares of Dhaka Electric Supply Company (DESCO) in the stock market, officials said. According to...

BD money in Swiss banks up by 10pc

Asjadul Kibria | 2016-07-01 00:00:00

The amount of money deposited by Bangladeshi nationals with the Swiss banks has increased by 10 per cent in 2015, according to the latest data of the central bank of Switzerland. Total funds held by the Bangladeshis with the banks...

NBR simplifies filing of income tax returns

Doulot Akter Mala | 2016-07-01 00:00:00

The National Board of Revenue (NBR) has introduced a new and simplified income tax return for individual taxpayers to ease the process of submission of tax returns. Taxpayers, having no income from salary, household and business sources, will be able...

Private-sector credit grows over 16pc in May

Siddique Islam | 2016-07-01 00:00:00

Private-sector-credit growth crossed 16 per cent in May-the highest in last three and a half years-as sustained political stability encouraged entrepreneurs to borrow more for expanding their businesses, bankers said. Falling trends in interest rates have also contributed to the...

Keys to entrepreneurial success

S. M. Rayhanul Islam | 2016-07-01 00:00:00

Enterprises are the principal source of economic growth and employment, and their importance is universally accepted today. Economic growth is fuelled, first and foremost, by the creativity and hard work of entrepreneurs and workers. Driven by the quest for profits,...

A second-string industrial appraisal: A bridge into a more predictable future

Imtiaz A. Hussain concluding his nine-part "Second-string sector survey" series | 2016-07-01 00:00:00

A rapid riffle through seven second-string industries helps identify their individual strengths and weaknesses, as well as positive and negative impacts on the larger national economy. Before turning to them, it is equally helpful to conceptualise the broader changes at...

Millennium Info wins Global Finance award

Special Correspondent | 2016-06-30 00:00:00

Millennium Information Solution Ltd (MISL), one of the leading software companies of Bangladesh has won a prestigious award from Global Finance, a US-based monthly business magazine. Global Finance usually reports on the international finance sector, covering such topics as corporate...

Number of IPOs drop in FY 16

Mohammad Mufazzal | 2016-06-30 00:00:00

Some 10 companies and one mutual fund (MF) have raised an aggregate amount of above Tk 8.58 billion through IPOs in the outgoing fiscal year (FY), 2015-16, as against above Tk 13.06 billion raised by 15 companies and one MF...

Mobile money transfer marks phenomenal rise before Eid

Mohammad Wazed Ali | 2016-06-30 00:00:00

Money transfers via mobile financial services have increased significantly as people are sending increased amount of money to their near and dear ones on the occasion of the holy Eid-ul-Fitr, business insiders have said. Among the mobile financial service providers,...

\'Try\', a name of hope in the midst of despair

Muhaiminul Islam | 2016-06-30 00:00:00

Helpfulness is one of the ingredients that play a vital role to make the society a better place to live in. We cannot  imagine any society without this virtue as it provides the binding force to make the society a...

Brexit, Article 50 and new immigration rules

M. A. Muid Khan from London | 2016-06-30 00:00:00

Prime Minister David Cameron had urged the country to vote 'Remain' claiming to remain but his plea was defeated by 52 per cent to 48 per cent in the EU referendum held in the UK on June 23, 2016. As...

Capital flight: An enduring conundrum

Syed Ashraf Ali | 2016-06-30 00:00:00

A renewed interest on capital flight has been triggered by the data recently released by the Global Financial Integrity (GFI), a Washington-based research organisation that keeps a tab on 'Illicit Financial Flows' (IFF) from developing countries. According to GFI, the...

Buying dollars cannot protect exports forever

Sharjil Haque | 2016-06-30 00:00:00

Global foreign exchange markets just took a hammering from Britain's shock exit from the EU. In our own neck of the woods, the exchange rate does not float freely to fall prey to such volatility. But that does not mean...

It’s better to put own houses in order

Shamsul Huq Zahid | 2016-06-29 00:00:00

Past mayors of Dhaka city did demand an authority for themselves over the all utility service providers for the sake of better coordination in the matters of ensuring improved civic amenities and reducing the hassles the Dhakaites faced very often. ...

A few changes likely in proposed tax measures

Doulot Akter Mala | 2016-06-29 00:00:00

The government may make some changes to the tax measures in the new finance bill before it gets through parliament today (Wednesday), in final consideration of demands from stakeholders.     Finance Minister AMA Muhith would move the Finance Bill 2016 in...

Thousands suffer in absence of monitoring

Munima Sultana | 2016-06-29 00:00:00

Hundreds of thousands of patients suffer from various kinds of adverse reaction of drugs prescribed by physicians every day in the absence of a  monitoring system in the country.  Sources said neither the doctors are conscious about prescribing wrong medicines...

The Dubai Syndrome: Studying dynamics of migration

Abdul Bayes | 2016-06-29 00:00:00

Even a decade ago, migration was not considered to be as important a subject in academic or policy-related discussions as it is today. We observe a growing interest in the subject in the recent past. It finds a wider space...

World exposed to Brexit fallout

Shamsul Huq Zahid | 2016-06-29 00:00:00

Britain's Prime Minister David Cameron gambled believing the majority Britons would back the 'Remain' campaign in the Brexit referendum held on June 24 last across the United Kingdom. But 'Leave' campaigners won.  Many across the world were stunned by the...

Terrorism in USA and radical Islam

M. Serajul Islam from Maryland, USA | 2016-06-29 00:00:00

Omar Mateen was on the FBI terror watch list. He was the subject of one FBI investigation and was questioned twice. Yet, thanks to the National Rifles Association (NRA) and the Republican-dominated Congress, he was able to buy the assault...

Brexit, multilateral trade and Bangladesh

Asjadul Kibria | 2016-06-29 00:00:00

The United Kingdom's (UK) decision to quit the European Union, known as Brexit, has spurred a new wave of debate on its impact on multilateral trading regime. Immediately after the referendum on June 23, 2016, when the majority wanted Britain...

BPDB incurs Tk 15 billion loss in Q4

Rezaul Karim | 2016-06-28 00:00:00

Bangladesh Power Development Board (BPDB) has incurred losses of nearly Tk 15 billion in the last quarter (April-June) of the current fiscal year 2015-16, worsening the government's subsidy burden on the private power sector, sources said. BPDP incurred losses due...

Investment rebate may rise to 25pc

Doulot Akter Mala | 2016-06-28 00:00:00

The proposed limit for individual taxpayers' investment rebate is set to be revised upward in the new finance act following widespread criticism of a squeeze. Official sources said the ceiling for investment rebate may be raised to 25 per cent...

Forex reserves cross $30b-mark

Siddique Islam | 2016-06-28 00:00:00

  Country's foreign exchange (forex) reserves crossed the US$30- billion mark Monday principally as the global market slump lowered import-payment pressures on the economy. The forex reserves rose to $30.001billion on the day, setting a new record, from $29.86 billion of...

‘Dilemma’ delays D-8 PTA ratification

Syful Islam | 2016-06-28 00:00:00

The government appears in two minds over ratification of D-8 PTA (preferential tariff agreement), as Bangladesh's motion pushing for the criterion of 30 per cent local value-addition as a least developed country (LDC) failed to sail through, officials said. A...

Saudi Arabia at a crossroads: NTP promises reform

Sayed Kamaluddin | 2016-06-28 00:00:00

The sharp fall in the global fossil oil prices since 2014 has put Saudi Arabia in deep trouble. Last 18 months of yawning budget deficit has put the Kingdom in tight spot. All major oil-revenue-dependent nations are in trouble, but...

Talking about proposed budget

Saleh Akram | 2016-06-28 00:00:00

The proposed national budget for FY2016-17 appears to be quite a traditional one if we look at its main features. Firstly, the size is only marginally bigger than that of the last fiscal. The size which was Tk.2836.79 billion last...

Energy and infrastructure: Conveyor-belt or constraint?

Imtiaz A. Hussain in the eighth article of a nine-part "Second-string sector survey" series | 2016-06-28 00:00:00

How do we convert second-string into mainstream industries/sectors? In other words, how do we bring back-burner industries/sectors on to the front-burner? Through previous articles in this series, we were exposed to the following gaps: energy-shortage, infrastructural deficiencies or absence, and...

A Nobel Laureate\'s dilemma: How best to combat poverty

Hasnat Abdul Hye | 2016-06-28 00:00:00

The brief article must have drawn the attention of many because of the name of the writer who is not a usual habitue of newspaper columns but has become a celebrity in the academia. It is a syndicated column that...

Growth-supportive monetary policy in focus

Siddique Islam | 2016-06-27 00:00:00

Spadework for framing country's new monetary policy gets going with the central bank focusing measures supportive of maximum economic growth with smooth credit flow into productive sectors.  The observations on the objectives were made at an internal preparatory meeting on...