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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...

BB allows foreign cos to issue Taka bond

Siddique Islam | 2017-04-13 00:00:00

Foreign companies operating in Bangladesh have been allowed to issue Taka bonds for mobilising funds from the local sources as the central bank relaxed further the foreign-exchange transactions regulations. This is, however, subject to prior permission of Bangladesh Securities and...

Leather entrepreneurs fear loss of export market

Ismail Hossain | 2017-04-13 00:00:00

Leather exporters fear a loss of around Tk 12 billion in export earnings for shipment failure following a sudden lockdown on their Hazaribagh production hub. They lamented that disruption to production of leather and leather goods occurred for sudden shutdown...

Changing NGO role in sustainable development

Polin Kumar Saha | 2017-04-13 00:00:00

Non-governmental organizations (NGOs) have been engaged in multi-dimensional development initiatives. Their engagement in development areas like education, health, poverty reduction, environment, etc., have proved quite rewarding in many poor and developing countries. With time, there has been a paradigm shift...

Discounted offers galore on the eve of Pahela Baishakh

Siddique Islam and Mehdi Musharraf Bhuiyan | 2017-04-12 00:00:00

The celebration of Bengali New Year remaining only a day away, the country's top retail outlets, restaurants, boutique stores and large groceries are witnessing a boom-time in their sales. Bengali New Year, more popularly known by their Bangla name 'Pahela...

Slower big projects lower fund demand

Munima Sultana | 2017-04-12 00:00:00

Slower implementation of all mega-projects in bridge-building sector, including Padma Bridge, has squeezed fund demand by 22 per cent in the upcoming fiscal. Bangladesh Bridge Authority (BBA) has placed such an abridged demand for allocations in the budget for the...

Body to realise Tk 316b VAT arrears from Petrobangla

Rezaul Karim | 2017-04-12 00:00:00

The government has formed a high-powered committee to realise outstanding Value Added Tax (VAT) and Supplementary Duty (SD) worth over Tk 316 billion from state-owned Petrobangla, officials said. With the realisation of VAT and SD, the tax authority wants to...

HDR Report 2016: BD makes progress

Shamsul Alam | 2017-04-12 00:00:00

The Human Development Report (HDR) is a hallmark report that the UNDP publishes every year for the last 25 years. The importance of Human Development Report can't be over emphasized. The report points out how human development can be ensured...

Bangladesh-UK ties in post-Brexit era

Sarwar Md. Saifullah Khaled | 2017-04-12 00:00:00

According to British MP Nigel Evans, the United Kingdom is looking for strengthened relations with the Commonwealth countries and for sharing opportunities emerging from Brexit with Bangladesh. Evans, who is also the Vice Chair of the International Trade Select Committee,...

Despite promises, trade gap with India persists

Sayed Kamaluddin | 2017-04-12 00:00:00

The Indian bureaucracy has persistently been sabotaging all initiatives of the political leadership to narrow the burgeoning trade gap between Bangladesh and India for decades now. Nevertheless, Prime Minister Sheikh Hasina is apparently happy with the outcome of her just-concluded...

Teesta deal: How soon is the \'soon\'?

Maswood Alam Khan | 2017-04-12 00:00:00

India could show the world that it cares about its neighbours at a time when relationship between neighbouring countries in different corners of the world is becoming sourer. India could leave an example of how a powerful country should behave...

Industrial NPLs swell further in H1 of FY\'17

Siddique Islam | 2017-04-11 00:00:00

Banks' classified loans to the country's industrial sector swelled by over 24 per cent or Tk 48.17 billion to Tk 245.63 billion in the first half (H1) of the current fiscal, compared to that of the corresponding period of the...

BD to seek duty, quota-free market access in TICFA meet in May

Talha Bin Habib | 2017-04-11 00:00:00

Bangladesh will press the US for allowing duty-and quota- free (D&QF) market access during the upcoming TICFA meeting in the capital on May 17, officials said.   Besides, the country will also focus on getting back the generalised system of preferences...

Dhaka-Ctg 4-lane project cost gets revised down by Tk 3.8 billion

Munima Sultana | 2017-04-10 00:00:00

The cost of the Dhaka-Chittagong four-lane project has been revised down by Tk 3.8 billion to Tk 34.37 billion from Tk 38.17 billion. Sources said the project office has lowered the cost as it will not need the excess amount...

India wants to use own transport under MVA

Syful Islam | 2017-04-10 00:00:00

India now wants to use its own vehicles in transit trade through Bangladesh under the sub-regional Motor Vehicles Agreement (MVA), officials said. New Delhi made the proposal in a draft agreement between Bangladesh and India for use of Chittagong and...

Negative remittance growth may dampen domestic demand

Siddique Islam | 2017-04-10 00:00:00

Falling remittance inflow registers a negative growth that might cast some dampening effects on domestic demand, according to the central bank. An expected growth in private-sector credits and a fresh wave of capital-machinery import indicated buoyant domestic demand, the Bangladesh...

Bogra artisans busy making earthenware pots ahead of Pahela Boishakh

Emdadul Haque | 2017-04-10 00:00:00

BOGRA, Apr 09: The artisans of the district are now busy preparing earthen toys ahead of Pahela Boishakh, the first day of Bangla calendar. The district handicraft office (DHO) sources said the artisans make a handsome profit every year by...

The migrant boon

Ian Goldin in Oxford and Jonathan Woetzel in Shanghai | 2017-04-10 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...

Price volatility defies market theory

Neil Ray | 2017-04-10 00:00:00

The country's market is as unpredictable as the capricious weather. If there is any perceptible difference it is the rise and fall in temperature, leading to unpredictability of weather but in case of market temperature, the price barometer is always...

Why is rice market jittery?

Shamsul Huq Zahid | 2017-04-10 00:00:00

That rice growers were not getting fair price for their produce very often used to hit the newspaper headlines for the last couple of years. Farmers were truly frustrated that they were not being able even recoup their cost of...

Aggressive measures needed to stop fall of remittance

Maswood Alam Khan | 2017-04-10 00:00:00

Exports of goods and services are the prime sources of foreign currency that we use to meet the cost of imports on which is dependent our industrialisation and ultimately our development. 'Ready-Made Garments' (RMG) and 'Wage Earners' in foreign countries...

Iraq shows interest to import pharmaceuticals

Talha Bin Habib | 2017-04-09 00:00:00

Iraq has expressed its interest to import pharmaceuticals while hiring medical professionals, officials said. The Bangladesh embassy in Baghdad in a letter on February 28, 2017 to the ministry of foreign affairs (MoFA) has cited the Iraqi government's interests to...

The European art of the deal

Harold James in Princeton | 2017-04-09 00:00:00

It has been almost a decade since the 2008 financial crisis, and the confrontational politics that emerged in its aftermath remain ubiquitous in the West. But, despite similarities between the United States and the European Union (EU), differences in how...

America is expanding its military footprint in Middle East

Sayed Kamaluddin | 2017-04-09 00:00:00

The Donald Trump administration is expanding US war footprints in the Middle East seemingly without formulating a clear-cut policy doctrine. While this may reflect the administration's dilemma in its decision-making process, it certainly suggests that Washington lacks a peace plan...

The Trump-Xi strategic face-off

Le Hong Hiep in Singapore | 2017-04-09 00:00:00

In ancient times, Chinese emperors never traveled to another country to meet its new ruler. Rather, that ruler, or his envoy, would visit China's imperial capital to request investiture from the Son of Heaven. The fact that Chinese President Xi...

Researchers get paid to downplay sugar\'s links to ill health

Jomo Kwame Sundaram and Tan Zhai Gen of IPS in Kuala Lumpur | 2017-04-09 00:00:00

In 2015, Coca Cola's chief scientist was forced to resign after revelations that the company had funded researchers to present academic papers recommending exercise to address obesity and ill health, while marginalising the role of dietary consumption. Coca-Cola, the world's...

Govt stake in BCBL may be put on sale

Syful Islam | 2017-04-08 00:00:00

An amendment to the relevant law is in the offing for the sell-off of government stake in Bangladesh Commerce Bank Ltd (BCBL). The act that provides for the establishment of the bank doesn't permit divestment.     Officials said the ministry of...