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Docs urge people not to get panicked over chikungunya

Talha Bin Habib | 2017-05-21 00:00:00

City dwellers should not get panicked over a recent outbreak of mosquito-borne chikungunya viral fever, physicians say. The outbreak of chikungunya virus has created a new public health concern apart from dengue. It causes fever, muscle pain, headache, nausea, fatigue,...

Restoring competition in the digital economy

Dalia Marin in Munich | 2017-05-21 00:00:00

The digital economy is carving out new divides between capital and labour, by allowing one firm, or a small number of firms, to capture an increasingly large market share. With "superstar" companies operating globally, and dominating markets in multiple countries...

Russian bug: Trump in trouble

M Serajul Islam | 2017-05-21 00:00:00

President Trump's creation of the world of alternative facts to dismiss anything and everything he does not like has finally crumbled. Rod Rosenstein, the Deputy Attorney General (DAG) in the absence of the Attorney General Jeff Sessions, who has rescued...

S&P rates BD ‘stable’

Siddique Islam | 2017-05-20 00:00:00

Global rating agency Standard & Poor's (S&P) affirmed its 'BB-' long-term and 'B' short-term sovereign credit ratings on Bangladesh with a stable outlook for the consecutive eighth year, notwithstanding some drawbacks. The stable outlook balances the country's healthy growth prospects...

23 ADB-funded projects in limbo

Syful Islam | 2017-05-20 00:00:00

 Some 23 ongoing projects, funded by the Asian Development Bank (ADB), are facing various hurdles that have led to long delays in their implementation, officials said. The issues include delay in procurement, failure to disburse and spend money in several...

Stocks tumble as bank issues keep falling

Babul Barman | 2017-05-20 00:00:00

Dhaka stocks extended their losing spell last week that ended Thursday as worried investors continued cashing in on stocks to safeguard their position ahead of national budget declaration. Market operators said the news reports on rising classified loans, concern over...

Water-logging: A scar on the face of Dhaka

Nabil Azam Dewan | 2017-05-20 00:00:00

As the monsoon keeps knocking on the door, Dhaka has already been agonising under the spells of torrential rain. The low-lying neighbourhoods bear the brunt while commuters face irritable traffic jams on rain-swept streets. Pedestrians navigate the streets under waist-deep...

Why Africa should go cashless

Carl Manlan in Yamoussoukro | 2017-05-20 00:00:00

India has lately been pursuing an ambitious goal: a cashless economy. Despite early missteps and frustrations, it will turn out to be a change for the better for the country's 1.31 billion people. Africa should set a similar goal -...

The nightmare city students put through

Prof. Sarwar Md. Saifullah Khaled | 2017-05-20 00:00:00

In the 1950s, Dhaka was merely a small city - a provincial capital - with sufficient ease for children to go to school without any parental or similar assistance. We used to start from Paribagh and walk for almost half...

Modernisation invades Cambodia but not without social costs

Abdul Bayes | 2017-05-20 00:00:00

Cambodia, a Southeast Asian country, borders with Vietnam, Laos and Thailand. The country has 440 kilometres of coastal belt facing the Gulf of Siam. With a total area of 181,035 square kilometres, Cambodia is little larger than Bangladesh, about one-third...

Attiring in graceful shari is no more a daily habit

Nilratan Halder | 2017-05-20 00:00:00

Gharete elona se / Mone tar nitta asa jaoa/ Parone Dhakai sari/ kapale sindur (she hasn’t made it home of mine/ but frequents to my mind very often/ wearing a Dhakai shari/ with a vermillion tip on her forehead). This...

World Metrology Day: Measurements for transports

Md. Abu Abdullah | 2017-05-20 00:00:00

World Metrology Day has become an annual celebration since the Meter Convention was signed by representatives of seventeen countries on May 20, 1875. The convention set the framework for international collaboration in the science of measurement including its industrial, commercial...

Culture shapes human evolution - its scientific basis

Kevin Laland in St. Andrews | 2017-05-20 00:00:00

Is there an evolutionary explanation for humanity's greatest successes - technology, science, and the arts - with roots that can be traced back to animal behaviour? I first asked this question 30 years ago, and have been working to answer...

Divesting shares of state-owned enterprises

Saleh Akram | 2017-05-20 00:00:00

Offloading shares of state-owned enterprises (SoEs) generally refers to transferring of shares to private individuals or companies. It is privatisation of SoE either in part or whole depending on the number of shares offloaded. The government recently called upon the...

Banking: Focus on transparency in credit operation

Shah Md Ahsan Habib concluding a two-part article on the role of leadership in the banking industry | 2017-05-20 00:00:00

Today, banks cannot solely rely on the risk management or auditing functions to identify the risks in different units. Strong leaders must be placed in key roles that involve risk management responsibilities. Focusing on compliance is not good enough. For...

Hundreds go back empty-handed as OMS demand outstrips supplies

Talha Bin Habib | 2017-05-19 00:00:00

Hundreds of fixed and middle-income group people went home empty-handed on Thursday due to insufficient supplies of essential commodities being sold by the Trading Corporation of Bangladesh (TCB) through its Open Market Sale (OMS) programme in the capital. They were...

Galvanising global cooperation through Belt & Road initiative

Li Ning | 2017-05-19 00:00:00

Chinese President Xi Jinping announced early this week that China would host the second Belt and Road Forum for International Cooperation in 2019. He also elaborated on what had inspired him to come up with the Belt and Road Initiative,...

Cultural taste on the decline

Nilratan Halder | 2017-05-19 00:00:00

For any cinema connoisseur, a free entry for Mrinal Sen's highly acclaimed films is not a rosy prospect. The apprehension is that there will be a heavy rush and in a city like Dhaka this can be even more frustrating...

SoCBs\' provision shortfall widens on higher NPLs

Siddique Islam | 2017-05-18 00:00:00

Public banks are getting into some difficulty in lending as their overall shortfall in provision against both classified and unclassified loans increased over 6.0 per cent in the first quarter (Q1) of this year. According to the central bank's latest...

RAKUB, Ansar-VDP bank to borrow Tk 9.0b from BB

Syful Islam | 2017-05-18 00:00:00

Two state-owned banks (SoBs) got state guarantee to borrow Tk 9.0 billion from Bangladesh Bank to replenish their cash coffers, officials said Under the guarantee Rajshahi Krishi Unnayan Bank (RAKUB) will get Tk 7.0 billion as loan from the central...

The realities of workplace frustration in Bangladesh

Naimul Kader | 2017-05-18 00:00:00

Human beings are compiled with tons of emotions. These emotions can be of happiness, of depression, of love, of frustration and of various other kinds of mental states. Employees of any organisation are human beings who work to contribute to...

Accreditation in achieving SDGs

Md Abu Abdullah | 2017-05-18 00:00:00

Accreditation is an attestation of the competence and impartiality of conformity assessment bodies to carry out specific conformity assessment tasks. These bodies include but are not limited to calibration laboratories, medical laboratories, testing laboratories, inspection bodies, providers of proficiency testing,...

LNG set to empower Bangladesh economy

Abul Mansur Md Faizullah | 2017-05-18 00:00:00

Prime Minister Sheikh Hasina laid foundation stones on May 06 for setting up two floating liquefied national gas (LNG) terminals for imported gas in Cox's Bazar. These two terminals would carry maximum 1000mmcf of gas by sea daily in addition...

Iranian election: Could the economy sink Rouhani?

Djavad Salehi-Isfahani in Cambridge | 2017-05-18 00:00:00

For a "managed democracy," Iran holds remarkably unpredictable presidential elections. And the upcoming election on May 19 is no exception, given that the incumbent, Hassan Rouhani, is facing a tough conservative challenger. Rouhani's opponent, Ebrahim Raisi, is a high-ranking cleric...

Risk management in banking industry today

Shah Md Ahsan Habib in the first of a two-part article on the role of leadership in the banking industry | 2017-05-18 00:00:00

The banking industry is changing very rapidly and becoming very challenging than ever before in response to technology infusion, globalisation process, rising competition, and growing financial crime. As a whole, several risks have come up in the forefront and to...

Q1 non-performing loans leap to Tk 734.09 billion

Siddique Islam | 2017-05-17 00:00:00

Classified loans in the country's banking system jumped by over 18 per cent or Tk 112.37 billion in the first quarter (Q1) of the current calendar year, despite close monitoring by the central bank. According to the central bank's latest...

NCC Bank mulls expansion of customer services

Siddique Islam | 2017-05-17 00:00:00

NCC Bank plans to expand customer services further using modern technologies with a view to making the bank the most attractive one in the near future.  "We're committed to provide automated services by installing latest technologies for ensuring quality services...

Improving standard of banking practice

Nironjan Roy concluding a two-part article on amending Banking Companies Act | 2017-05-17 00:00:00

In our banking industry, directors are elected on the basis of their own large number of shares or influence by their close relatives. So the Board of Directors is always represented by the majority shareholders and there is no representative...

FY18 budget: An exercise in aggressive revenue collection

Asjadul Kibria | 2017-05-17 00:00:00

There will be a higher tax burden on the people in the upcoming fiscal year (FY18). Finance minister AMA Muhith has already made it pretty clear. In several pre-budget talks, he said that he would put pressure on the people...

President Xi expounds Silk Road spirit

Li Ning | 2017-05-17 00:00:00

Chinese President Xi Jinping last weekend proclaimed the Silk Road spirit, saying it has become a great heritage of human civilisation. Spanning thousands of miles and years, the ancient silk routes embody the spirit of "peace and cooperation, openness and...