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Bangladesh Delta Plan 2100: A mega plan in the making

Shamsul Alam | 2016-05-20 00:00:00

Bangladesh is now well on its way to fulfil its ambitions to become a high middle-income country. The economic growth rates and poverty reduction have been achieved in spite of extreme adverse climate variability, with frequent storm and tidal surges,...

‘Tax day’ from next FY likely

Doulot Akter Mala | 2016-05-19 00:00:00

A new concept called 'tax day' is likely to be introduced in the upcoming fiscal year (FY) to end the traditional practice of the revenue board on extension of deadline for submission of individual tax return. Officials said the revenue...

RMG makers for loan at 3.0pc

Rezaul Karim | 2016-05-19 00:00:00

Country's apparel makers want the government to provide funds/loans at 3.0 per cent interest rate instead of 9-10 per cent from the foreign remediation fund for ready-made garment (RMG) factories, sources said. Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has...

News Briefs

RAK starts commercial production from new tiles plant | 2016-05-19 00:00:00

RAK Ceramic Limited (Bangladesh), a Bangladesh-UAE joint venture listed company, started commercial operation of the extended production capacity on Tuesday. "The work of expansion of factory and installation of machineries for increasing the production capacity of tiles plant by around...

Breaking the ‘student syndrome’

Muhaiminul Islam | 2016-05-19 00:00:00

Think about the time when you were in college or university. When was the best time to study for an exam or finish your project and when did you actually start working on it? A common answer would be -...

CreADive Season 3 on the way

Mohammad Asiful Mowla | 2016-05-19 00:00:00

CreADive is regarded as the national inter-university creative advertisement making competition, which is organised by the Business and Communication Club of Bangladesh University of Professionals (BUP). Before the inter university rounds, the intra-university rounds took place in March, 2016 in...

Showcasing the future of mobile computing and networking

Md Tawhidul Islam | 2016-05-19 00:00:00

MobiCon 2016 recently took place at Independent University of Bangladesh. Google Developer  Group (GDG) along with  Preneuer Lab brought developers, designers, innovators, development thinkers, tech enthusiasts and representatives from telecom brands under one roof to showcase the future of mobile...

Of Judgment on the 16th Amendment of the Constitution

Abdul Mannan | 2016-05-19 00:00:00

Recently the Hon'ble High Court Division of the Supreme Court (HD of SC) declared, in a judgment, the 16th Constitutional Amendment void and unconstitutional. Thoughts fomented this writer's mind last few days to make some contribution in the basket of...

Socio-economic impact of privatisation of state-owned enterprises

Abu Afsarul Haider | 2016-05-19 00:00:00

In today's world both private and public sector firms can fail and both can also succeed. Ownership is not the sole factor; what matters is the efficient and effective performance of the enterprises in carrying out policies, controlling and improving...

FDI inflow from tax havens ticks up

Asjadul Kibria | 2016-05-18 00:00:00

Foreign direct investment (FDI) from global tax havens to Bangladesh has been increasing over the years. Statistics of the Bangladesh Bank (BB), the central bank, reveal that the FDI flow from six tax havens increased four times in the last...

Still far away from ‘digital dividend’, ‘digital divide’

Shamsul Huq Zahid | 2016-05-18 00:00:00

The gap is too large between the two estimates of Bangladesh population having access to internet facility.  A World Bank (WB) study report has said nearly 148 million people (2014 data) in Bangladesh do not have access to internet. But,...

Banks’ NPLs rise 15pc in Q1

Siddique Islam | 2016-05-18 00:00:00

Country's banking system gasps under an over 15 per cent rise in their non-performing loans (NPLs) in the first quarter (Q1) of this year, belying the central bank surveillance. The volume of the dud loans rose to Tk 594.11 billion...

Substantial hike in tax revenue target likely

Doulot Akter Mala | 2016-05-18 00:00:00

Finance Minister AMA Muhith is likely to propose a tax-revenue target of Tk 2.31 trillion in the national budget for the fiscal year (FY) 2016-17. The budget is set to be placed before parliament on June 02 next. The target...

Fund disbursement exceeds target in Apr

Syful Islam | 2016-05-18 00:00:00

Disbursement of funds on Asian Development Bank (ADB)-financed projects until April this year has exceeded the annual target while contract awarding is found lagging behind, sources said. Until April last, some US$ 627 million was disbursed against the executing agencies'...

FDI from tax havens rising

Asjadul Kibria | 2016-05-18 00:00:00

Foreign Direct Investment (FDI) from the global tax havens to Bangladesh has been increasing over the years. Bangladesh Bank statistics unveil that FDI from six tax havens increased by four times in the last six years. The six tax havens...

Empowering sustainable decisions

Md. Touhidul Alam Khan | 2016-05-18 00:00:00

Global Reporting Initiative (GRI) is an international independent organisation that has been conducting corporate sustainability reporting since 1997. GRI helps businesses, governments and other organisations understand and communicate the impact of business on critical sustainability issues such as climate change,...

The economic consequences of Brexit

Philippe Legrain in London | 2016-05-18 00:00:00

Those campaigning for Britain to exit the European Union (EU) claim that doing so would make their country both freer and richer. They assert that after "Brexit", the UK could quickly negotiate a bespoke agreement with the EU that offers...

A possible setback for rice farming

Sarwar Md. Saifullah Khaled | 2016-05-18 00:00:00

Rice farming may face a setback as many farmers say they are incurring a loss by growing the staple crop and are now looking for alternatives. Low procurement rate, export and import of rice are to be blamed. A mysterious...

The first 1000 days of SDGs

Asjadul Kibria | 2016-05-18 00:00:00

Adopted by the United Nations in September last year, the formal implementation of Sustainable Development Goals (SDGs) -- the 15-year global development agenda -- has commenced on January 01, 2016. Under the highly ambitious 17 goals, global communities are committed...

Saudi Arabia\'s bold vision for economic diversification

Mohamed A. El-Erian in Los Angeles | 2016-05-18 00:00:00

Saudi Arabia has captured the world's attention with the announcement of an ambitious agenda, called Vision 2030, aimed at overhauling the structure of its economy. The plan would reduce historical high dependence on oil by transforming how the Kingdom generates...

Food security: Asia needs another \'green revolution\'

Abul Basher | 2016-05-18 00:00:00

It is irrefutable that the world has failed to stop the march of hunger and equally irrefutable is the fact that the facets of hunger and food security are continuously changing, underscoring the importance of staying ahead of the curve....

Borrowing overseas: Quo vadis?

M. A. Taslim | 2016-05-17 00:00:00

A section of the business community has been demanding free access to global financial markets in order to borrow funds at global interest rates. Such demand became strident when the global rates tumbled to near zero in the wake of...

NCC Bank vows to be ‘progressive, socially responsible’

Siddique Islam | 2016-05-17 00:00:00

NCC Bank treats its clients as partners with offering maximum benefits for facilitating their business activities, the bank's top executive said. "We're committed to meet the revolving needs of our demanding customers for ensuring sustainable growth of our bank," Golam...

WB to help prepare codes for microfinance sector

Rezaul Karim | 2016-05-17 00:00:00

An extensive code of conduct (CoC) is in the pipeline for over 25.11 million clients of the microfinance institutions (MFIs) with an aim to make them more aware, responsible and ethical, officials said. Recently, the World Bank (WB) has proposed...

Basics before the Budget

Abdul Bayes | 2016-05-17 00:00:00

The Centre for Policy Dialogue (CPD) every year produces a report on Bangladesh Economy. It has long been engaged in this kind of exercise - a critical assessment on the performance of the economy as well as of effectiveness of...

Sadiq Khan wins London: A rebuke to extremists of all stripes

Sayed Kamaluddin | 2016-05-17 00:00:00

Early this month, Londoners have created history by electing Sadiq Khan, a fast-talking secular Muslim lawyer and son of a London bus-driver, against arch conservative rightwing millionaire Zac Goldsmith. Noted author and New York Times (NYT) columnist Roger Cohen said:...

Where the government should do the math carefully

M.A. Taslim | 2016-05-17 00:00:00

The people who are egging the government on to borrow overseas are no doubt assuming that the infrastructure built with the borrowed funds will add to the physical capital that will enhance productivity and attract more investment. Apparently this is...

FBCCI turns to PM for resolving tensions

Doulot Akter Mala | 2016-05-16 00:00:00

Country's apex trade body has sought the prime minister's intervention to resolve raging tensions over the move on the part of the Ministry of Finance to enforce a new law that would levy a blanket rate of 15 per cent...

Govt backtracks on floating euro-pound sterling bonds

Syful Islam | 2016-05-16 00:00:00

The government is going to withhold a move to introduce premium and investment bonds in euro and pound sterling as it finds the new instruments unnecessary when adequate foreign currency is in hand, officials said. Four bonds were supposed to...

Move to reschedule train timetables

Munima Sultana | 2016-05-16 00:00:00

Bangladesh Railway (BR) has started improving its image by maintaining schedule in running trains faster than a few months ago, officials said. Due to the improvement of timetable, they said, BR has taken a move to reschedule the train journey...