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Dhaka working out on jt trade council with Phnom Penh

Talha Bin Habib | 2017-04-18 00:00:00

The government will soon finalise a work plan for forming a joint trade council with Cambodia considering the potential business opportunities, officials said.   Under the move, the ministry of commerce (MoC) held a meeting recently, which stressed the need for...

Will immigration become an engine of growth?

Ian Goldin in Oxford and Jonathan Woetzel in Shanghai | 2017-04-18 00:00:00

Many of the immigration debates now raging around the world reflect the faulty assumption that admitting immigrants is an act of largesse - and a costly one, at that. But, far from being an economic burden, immigrants represent a major...

Infrastructural development spurs village economy

Abdul Bayes | 2017-04-18 00:00:00

Empirics point out that infrastructural development like market links contributes to rural development. It has a positive effect on marketing of inputs and outputs and employment.   It is obvious that access to paved roads and electricity would impact the crop...

BCIM holds potential for greater sub-regional connectivity

Sultana Yesmin | 2017-04-18 00:00:00

The people-to-people connectivity and cultural exchanges among BCIM countries are important not only to enhance trade and investment but also to increase cooperation and to facilitate friendly relations among the member-states. The lack of cultural awareness as well as people-to-people...

Buses charging high fares amid drive to stop \'special\' services

Mohammad Wazed Ali | 2017-04-17 00:00:00

Passengers are still forced to pay fares at previously-increased rates though the Bangladesh Road Transport Authority (BRTA) launched a drive on Sunday to stop the so-called 'special' seating service buses in the city. The BRTA began the drive to stop...

Metro rail construction work to start soon

Munima Sultana | 2017-04-17 00:00:00

The construction work of the first metro rail project is expected to start soon as the authorities have finalised selection of two companies to develop half of the 20-kilometre line and necessary infrastructure on the depot site. Another contractor to...

Strong families make a strong nation

Abu Afsarul Haider | 2017-04-17 00:00:00

From the literate to illiterate, aristocrat to underclass, all suffer from a disease and the disease is called "get-rich-quick syndrome".  In a materialistic world all are busy making money and living lives of their own and have no time for...

Celebration but under threat

Neil Ray | 2017-04-17 00:00:00

Time is not only uncertain, it is treacherous too. Living in such a time, it is not easy to live one's dream and also share it with others, particularly when the dream touches lives of others. But some people have...

Ending Myanmar\'s blame game

José Ramos-Horta and Janelle Saffin in Yangon | 2017-04-17 00:00:00

Human-rights abuses in Myanmar's Rakhine state have led to mounting international condemnation and calls for a United Nations Commission of Inquiry. The atrocities there must be investigated, and their perpetrators held to account. But the situation in Rakhine is now...

Draft law for ensuring one-stop service ready

Doulot Akter Mala | 2017-04-16 00:00:00

A maiden law on one-stop service to investors is ready for government approval with provisions for the state-owned entities to deliver investment-related support in a time-bound way. The draft law is expected to be placed before the cabinet tomorrow (Monday)...

B\'desh, Mexico meet in May to tap business potentials

Munima Sultana | 2017-04-16 00:00:00

Diplomats of Bangladesh and Mexico will sit in the city on May 7 to hold the first foreign office consultation, aiming to strengthen bilateral relations and tap the potentials in trade and business. Officials said the two countries had insignificant...

Ethnic youths in Barind area becoming self-reliant by farming swamp eels

Emdadul Haque | 2017-04-16 00:00:00

BOGRA, Apr 15: Hundreds of youth have been becoming self-reliant by cultivating Cuchia (swamp eel) for the last five years in the Barind area. According to the district fisheries department farmers, especially ethnic people, of Bogra, Joypurhat, Pabna, Sirajganj, Naogaon,...

Making financial services more realistic

Md Abdul Kader | 2017-04-16 00:00:00

We are at the beginning of a retail boom on lending side of our financial sector. Lenders are offering lucrative rates and minimal fees to attract prospective clients. In case of home loan, interest rate is one of the major...

Developing Asia to drive global economy despite lurking risks

Sarwar Md. Saifullah Khaled | 2017-04-16 00:00:00

The Asian Development Bank (ADB) maintains that in the next two years the developing Asian countries will drive the world economy. However, at the same time ADB warned of uncertainties from the United States (US) and Europe. The ADB's flagship...

Powering Africa\'s transformation

Carlos Lopes, Tony Elumelu, and Aliko Dangote | 2017-04-16 00:00:00

Africa has a bright future ahead of it. Productivity and growth will improve as African economies continue to place more emphasis on services and manufacturing, pursue commodity production, and achieve quick gains in agriculture and light industry. But African countries'...

Women at work

Abdul Bayes | 2017-04-16 00:00:00

Research on women's works saw substantial progress in the past decades. It focused four major areas: documentation of women's activities, evaluation of their work in monetary terms, explanation of factors behind gender division of labour and its impact on status...

NBR\'s \'Halkhata Utsob\' fetches Tk 5.66b arrears

Doulot Akter Mala | 2017-04-14 00:00:00

The National Board of Revenue (NBR) has realised an arrear of Tk 5.66 billion through the 'Halkhata Utsob' it observed for the first time across the country Thursday. Income tax contributed highest with Tk 3.06 billion, followed by customs Tk...

Baishakhi business spurs inclusive growth

Asjadul Kibria | 2017-04-14 00:00:00

Businesses have witnessed robust sales as people are preparing to celebrate the occasion of Pahela Baishakh today (Friday). In fact, the Bengali New Year day has by now become the second largest festival in Bangladesh after Eid-ul Fitr, in terms...

Biman-SBC tussle over VAT payment persists

Syful Islam | 2017-04-14 00:00:00

Two state-owned corporations are now engaged in a tussle over refund and payment of arrear value added tax (VAT). The Biman Bangladesh Airlines has been demanding refund of the money it had paid as VAT to the Shadharan Bima Corporation...

NRBs can deposit foreign currency at airport banks

Siddique Islam | 2017-04-14 00:00:00

Non-Resident Bangladeshis (NRBs) are now allowed to deposit foreign currency in their accounts at bank booths in airports across the country. The central bank issued a circular in this connection on Thursday, and asked the country's all authorised dealers (AD)...

Dhaka to sign accord on cross-border paperless trade in Asia-Pacific region

Talha Bin Habib | 2017-04-14 00:00:00

Bangladesh will sign a framework agreement (FA) on the United Nations cross-border paperless trade for reaping economic benefits, official said. The FA on facilitation of such trade in Asia and the Pacific was adopted by the 72nd session of the...

Breast milk is exported to the US

Erik Larsson of IPS in Phnom Penh | 2017-04-14 00:00:00

In a shed made of boards and tarps, one-year old Nune is in deep sleep as his mother Check Srey-Toy gently rocks his hammock. Then she tells me that she sells her breast milk to the US. They have no...

China, South Korea urge calm as North Korea prepares big celebration

Jack Kim and Sue-Lin Wong of Reuters in Seoul/Pyongyang | 2017-04-14 00:00:00

South Korea said on Thursday it believed it would be consulted by the United States before any possible pre-emptive US strike against Pyongyang and China urged the North to halt its nuclear programme in exchange for greater protection from Beijing....

Economic recovery crucial to sustainable development

Anis Chowdhury in Sydney and Jomo Kwame Sundaram in Kuala Lumpur | 2017-04-14 00:00:00

More than eight years after the global financial crisis exploded in late 2008, economic growth remains generally tepid, while ostensible recovery measures appear to have exacerbated income and other inequalities. Yet, despite the Group of Twenty (G-20) of the world's...

Welcome, Pahela Baishakh

Sarwar Md. Saifullah Khaled | 2017-04-14 00:00:00

The Bengali month of Baishakh falls on the Gregorian calendar month of April. Usually it comes with a bang testifying to English poet T. S. Eliot's famous phrase "April is the cruellest month". Storms during Baishakh raze to the ground...

The problem that won\'t go away

Shamsul Huq Zahid | 2017-04-14 00:00:00

It is summer time and monsoon is only a couple of months away. However, a number of brief showers in recent weeks gave strong indications that the city dwellers are unlikely to get any respite from the problem of severe...

Welcoming Pahela Baishakh

Nilratan Halder | 2017-04-14 00:00:00

The exuberance over celebration of the Pahela Baishakh, the New Year's day on the Bangla calendar, is unmistakable. But the emotion and passion that go into making the occasion are short-lived for the educated class in particular. Dates and months...

Pahela Baishakh steeped in traditional festivities

Maswood Alam Khan | 2017-04-14 00:00:00

Adieu to 1423 and welcome to 1424! It's again Pahela Baishakh-- a day when Bangladeshis rediscover themselves and enrich their culture by adding new colors. Today, a new Bangla year has tiptoed in. A brand new year is unfolding. A...

Standards in GVC and Bangladesh

Asjadul Kibria | 2017-04-14 00:00:00

The expansion of Global Value Chain (GVC) has posed a new challenge to developing countries like Bangladesh. Gone are the days when manufacturing meant efforts of large factories to bring as many activities as possible under a single roof. The...

Old BINs also valid until June 30

Doulot Akter Mala | 2017-04-13 00:00:00

Both old and new business identification numbers (BINs) will be considered valid until June 30, 2017 for opening of letters of credit (L/C) and other purposes. The NBR started issuing new BIN from March 15, 2017.   The existing 11-digit BIN...