Kemal Dervis in Washington, DC | 2017-03-24 00:00:00
Universal basic income (UBI) schemes are getting a lot of attention these days. Of course, the idea - to provide all legal residents of a country a standard sum of cash unconnected to work - is not new. The philosopher...
Hasnat Abdul Hye | 2017-03-24 00:00:00
It has not exactly been a path of roses for Bangladesh garment sector as it began its momentous journey over three decades ago. There were various domestic problems to contend with. But it was the challenge faced in the external...
Doulot Akter Mala | 2017-03-23 00:00:00
Industries established in Bangladesh's export-processing zones (EPZs) now enjoy free import of all capital machinery and spares, subject to submission of bank guarantee. The customs wing of the National Board of Revenue (NBR) issued a statutory regulatory order (SRO), dated...
Asjadul Kibria | 2017-03-23 00:00:00
Bangladesh has improved little its position in latest human-development ratings by a UN agency as "growing inequality" overshadows advances. The country ranked 139th out of 188 countries in the Human Development Index of 2015, released Tuesday by the United Nations...
Munima Sultana | 2017-03-23 00:00:00
Consultancy work for institutional development of the country's first metro rail system has been suspended before its completion, sources said. The board of directors of the Dhaka Mass Transit Company Limited (DMTCL) did not extend the tenure of the consultancy...
Siddique Islam | 2017-03-23 00:00:00
Import dropped by more than 15 per cent-or US$640.05 million-in February over the previous month due to the lower purchase of consumer goods, industrial raw materials and capital machinery, officials said. The opening of LCs, known as import orders, also...
Afshin Molavi | 2017-03-23 00:00:00
Look beyond the headlines and see Pakistan today. It boasted the best stock market in Asia in 2016. The high-flying Karachi Stock Exchange Index is up more than 52 per cent over the past year - and rising. The exchange...
Dr. Ahsan Iqbal | 2017-03-23 00:00:00
The China-Pakistan Economic Corridor (CPEC) is a fusion of multiple developments in the global, regional, bilateral and domestic contexts. The ultimate objective is peace, prosperity and well-being of the people of the two countries, the region and the world. Recently,...
Nironjan Roy encluding his two-part article | 2017-03-23 00:00:00
Chief Risk Officer (CRO) has been accorded a very important position in a bank with direct access to the CEO and the board, specially the Audit Committee and the Risk Committee. So this is a very high-profile position entrusted with...
Tahira Islam | 2017-03-23 00:00:00
There is hardly any film enthusiast who has not watched The Terminator film franchise. The series is based on an imaginary battle between the semi-extinct humanity and a synthetic intelligence system called "Global Digital Defense Network" or simply the Skynet....
Mohamed A. El-Erian in Laguna Beach | 2017-03-23 00:00:00
Financial markets seem convinced that the recent surge in business and consumer confidence in the US economy will soon be reflected in "hard" data, such as gross domestic product (GDP) growth, business investment, consumption, and wages. But economists and policymakers...
Rezaul Karim | 2017-03-22 00:00:00
The government is likely to sit tomorrow (Thursday) to review the country's ongoing anti-money laundering (AML) and anti-terrorist financing efforts aiming to adopt effective strategies in this regard, officials said. One of the key agendas of the meeting is to...
Syful Islam | 2017-03-22 00:00:00
Sri Lanka is unlikely to enter into a free-trade area (FTA) agreement with Bangladesh as Colombo is busy negotiating a similar deal with China and Korea, officials said. The island nation informed Dhaka on several occasions recently about this preoccupation,...
Elaine Yu of AFP in Hong Kong | 2017-03-22 00:00:00
Ko Oi-sum's simple village home on the northwestern edge of Hong Kong is surrounded by trees planted by her mother-she dries the leaves to make tea, espousing their health benefits. But this ramshackle rural community of narrow alleyways, humble houses...
Sibongile Khumalo of AFP in Mogosani, South Africa | 2017-03-22 00:00:00
Under a cloudless sky in South Africa's north-western farming region, donkeys still amble along muddy paths, pausing to nibble on grass, oblivious to the threat from a demand for Chinese medicine. The gelatin found in the animals' skin has made...
Nironjan Roy in the first of a two-part article | 2017-03-22 00:00:00
Recent newspaper reports highlighted the fact that the role of Chief Risk Officer (CRO) is not clearly understood by bankers including board members. The Bangladesh Institute of Bank Management (BIBM) conducted a survey that has found that more than half...
Nabil Azam Dewan | 2017-03-22 00:00:00
The rapid growth in mobile and internet penetration has broadened the horizons for entrepreneurs and consumers alike. No one is likely to begrudge the comfort of shopping at home. It is an exciting prospect to have the delivery of products...
Mohammad Abdul Mazid | 2017-03-22 00:00:00
As the world becomes increasingly dominated by interconnected corporations alongside increasing demands for transparency and accountability, governance is no longer just about running governments, companies and organisations efficiently, but about managing wider responsibilities. Cabinet Ministers, like Company directors, need to...
M. Serajul Islam | 2017-03-22 00:00:00
A recent posting on my Facebook page gave me a great deal of food for thought. This was an article in a journal about world's 10 biggest economies in 2017. It ranked the United States at number one with a...
Doulot Akter Mala | 2017-03-21 00:00:00
Government's revenue authority disapproves of a provision in the draft gas, petroleum and mineral resources development fund law as it fears superseding any other law may disturb fiscal discipline. Officials said the income-tax wing of the National Board of Revenue...
Rezaul Karim | 2017-03-21 00:00:00
Most of the 26 selected state-owned enterprises (SoEs) expressed their unwillingness to offload shares, officials said, frustrating top-level government directives for feeding the securities-starved bourses on good chips. The minutes of a meeting held at the Ministry of Finance revealed...
Talha Bin Habib | 2017-03-21 00:00:00
The government is set to approve the food department's proposal to purchase 10 million jute hessian sacks costing Tk 540 million for preserving foodgrains in public silos, officials said. The Directorate General of Food will purchase the sacks from the...
Abdul Bayes | 2017-03-21 00:00:00
As morning shows the day, so is a half-yearly review for the economy. A review sheds some light on the economy's performance for the whole year. The present write-up highlights specially the external side of the economy for the first...
Mirza Azizul Islam | 2017-03-21 00:00:00
An incontrovertible feature of the world economy is the increasing economic interaction among countries. The process is popularly branded as globalisation. The channels of transmission of economic interaction are movement of goods and services, capital and labour. Bangladesh has been...
Munima Sultana | 2017-03-20 00:00:00
Dhaka Mass Transit Company (DMTC) is yet to start implementing its manpower recruitment plan, apparently raising concerns over smooth operation of the metro rail in the capital, which is scheduled to be commissioned in 2019. The state-run company could not...
Siddique Islam | 2017-03-20 00:00:00
Foreign investors can now invest their funds in local companies through purchasing shares with local currency directly, officials said, as the central bank opened a window. "We've taken the measures through clarifying our existing guidelines for foreign-exchange transactions to facilitate...
Talha Bin Habib | 2017-03-20 00:00:00
Bangladesh would request Russia to simplify their customs procedure and allow duty-free access of more products from the country to their market during an upcoming visit of a Bangladesh delegation to Moscow, officials said. They said Bangladesh has the potential...
Neil Ray | 2017-03-20 00:00:00
Already 16 stone pit workers have perished in Sylhet's stone extraction areas. This casualty figure of two and a half months of this year surpasses the total deaths of the entire previous year. What is important here is that the...
Shamsul Huq Zahid | 2017-03-20 00:00:00
Bank depositors are fortunate they have a regulator like the Bangladesh Bank (BB). The regulator maintains constant watch on every bank. Notwithstanding such vigilance, some banks start showing signs of management weaknesses, leading to erosion in their financial health. In...
Sayed Kamaluddin | 2017-03-20 00:00:00
The concept of Regional Comprehensive Economic Partnership (RECP) agreement in the Asia-Pacific region has emerged recently following the new US administration's decision to withdraw from the Trans-Pacific Partnership (TPP) deal. Former US President Barack Obama had worked hard for years...
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