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Postal-based financial service in limbo

Asjadul Kibria | 2016-04-02 00:00:00

Notwithstanding the plans to extend and modernise the postal financial services across the country, Bangladesh is actually lagging behind in doing so.  Due to innovation of information technology and digitalisation, along with the aggressive move by private players, core activities...

Long way ahead for equality

Maliha Ahmed | 2016-04-02 00:00:00

Inclusion of targets of achieving equality for women in the MDGs has helped reduce gender disparity considerably over the last decade for the developing world. However, gender-based gaps are still pervasive in all societies although the nature and extent of...

Bangladeshis losing interest in Malaysia\'s second-home facility

Asjadul Kibria | 2016-04-01 00:00:00

The number of Bangladeshis keen to avail the second-home facility of Malaysia dropped by around 18 per cent last year, compared to 2014, according to the latest statistics released by the Malaysian authority. Some 205 Bangladeshis availed the benefit of...

BB allows non-listed cos to get capital from banks, NBFIs

Siddique Islam | 2016-04-01 00:00:00

The central bank has issued policies allowing non-listed companies to get capital from the banks and non-banking financial institutions (NBFIs) indirectly, officials said.   Country's non-banking financial institutions (NBFIs) can now invest maximum 50 per cent of their paid-up capital in...

NBR defers deadline for online BIN issuance by three months

Doulot Akter Mala | 2016-04-01 00:00:00

The National Board of Revenue (NBR) has deferred the deadline for online Business Identification Number (BIN) issuance by three months for new taxpayers as the system is yet to be fully prepared for the task. The NBR was scheduled to...

Land dispute delays Ashuganj transit container terminal

Syful Islam | 2016-04-01 00:00:00

Construction of Ashuganj transit-point inland container terminal (ICT) faces recurrent delay due to dispute over land, officials said. The department of food and Bangladesh railway now do not want to provide the patches of land they own which had been...

Thoughts on reforms in our education

S. M. Rayhanul Islam | 2016-04-01 00:00:00

Education is crucial to all nations. Being a major investment in human capital development, it plays a pivotal role in long-term productivity and growth at both micro and macro levels. This explains why the state of education in Bangladesh continues...

Swindling of public money

Syed Jamaluddin | 2016-04-01 00:00:00

In the last seven years, six big financial scandals swept the country. This has resulted in misappropriation of about Tk 300 billion. It would have been possible to build a Padma Bridge with this amount of money. Members of the...

Sensitised society fights crimes better

Nilratan Halder | 2016-04-01 00:00:00

The murder of Sohagi Jahan Tonu is still shrouded in mystery. Many suspect that the autopsy carried on her body was done casually in order to suppress the real cause of death. Also the failure on the part of the...

No country for young men (and women)

Paola Subacchi in Milan | 2016-04-01 00:00:00

Over the last 20 years, roughly a half-million Italians aged 18 to 39 have moved abroad, especially to more economically dynamic European Union (EU) countries such as Germany, France, and the United Kingdom. And those are just the official figures;...

No country for young men (and women)

Paola Subacchi in Milan | 2016-04-01 00:00:00

Over the last 20 years, roughly a half-million Italians aged 18 to 39 have moved abroad, especially to more economically dynamic European Union (EU) countries such as Germany, France, and the United Kingdom. And those are just the official figures;...

Communicating ideas

Abdul Bayes | 2016-04-01 00:00:00

It is generally alleged that researches hardly reach policymakers and hence research results hardly see its implementation mainly for two reasons, operating both from supply and demand sides. On one hand, there is an acute dearth of research results written...

Independence and industry: Performances, patterns, prognoses

a 10-part series by Imtiaz A. Hussain examines one sector in one article on each Tuesday and Friday of our independence month, beginning March 01 and ending on April 01 with an overall appraisal. The last article of the series follows | 2016-04-01 00:00:00

How has our industrial sector changed after 45 years of independence? What will the country look like on its 50th birthday anniversary? Those were some of the questions addressed in a 10-part "Independence & Industry" series. In this concluding part,...

BB counsel sounds upbeat about retrieving $81m

Siddique Islam | 2016-03-31 00:00:00

The Bangladesh Bank-hired jurist sounded upbeat Wednesday about retrieving the entire US$81million stolen out from the BB foreign-exchange reserves through a trans-national cyber heist. Necessary steps are being taken to bring back the entire amount stolen, said Ajmalul Hossain QC...

\'Red-tapism\' hinders nat\'l CSR guideline formation

Rezaul Karim | 2016-03-31 00:00:00

No tangible progress has yet been made in formulating a national guideline on corporate social responsibility (CSR) activities in the country, mainly due to bureaucratic tangles, officials said. The Ministry of Planning (MoP) took the initiative to formulate the uniform...

The debate of academic and policy economists on VAT and tariff system

Jamaluddin Ahmed in the first of a five-part write-up on Political economy of uniform Value Added Tax and tariff system | 2016-03-31 00:00:00

The literature on agency problems of representative democracies is extensive on the possible outcome of government behaviour trying to increase public expenditure when the political cost to do it is low. This is evident in the studies of Henderson, J....

Banking system needs world-class cyber security

Sarwar Md. Saifullah Khaled | 2016-03-31 00:00:00

Bangladesh has some US$28 billion in foreign currency reserves. A comical typo saved Bangladesh's central bank from losing as much as US$1.0 billion to hackers. But of the US$101 million stolen, US$81 million is yet to be found. Now the...

NBR eating its own words?

Shamsul Huq Zahid | 2016-03-30 00:00:00

Playing too much with law or anything else does always bear the risk of producing unpalatable results. That is what a noted economist Prof. Wahiduddin Mahumd, as the media reported, reminded the country's revenue authority at a pre-budget view-exchange meeting...

Translating awareness into action for women empowerment

Lauren Colegrove | 2016-03-30 00:00:00

It is often seen as the responsibility of the government or large non-governmental organisations (NGOs) to address societal issues that negatively affect women. After all, it is the government that sets the national legal age for marriage, and the NGOs,...

NBR fears negative impact on business, price situation

Doulot Akter Mala | 2016-03-29 00:00:00

Businesses and consumers both may have to bear higher costs under impacts of a new VAT and SD law for reduced protection to domestic industries, the revenue authority forewarns.         The National Board of Revenue (NBR) made such forecast in a...

BB moves to expedite farm loan disbursement, recovery

Siddique Islam | 2016-03-29 00:00:00

The central bank, which is going through a leadership change, will hold regional stakeholder conferences to expedite both disbursement and recovery of farm credits in the fiscal year (FY) 2016-17.  "We expect that arranging such conferences will be concluded by...

India seeks permission to export industrial, agri items to BD

Rezaul Karim | 2016-03-29 00:00:00

India has sought permission to export some of its industrial and agri items aiming to tap the growing Bangladesh market, officials said. Bangladesh's trade deficit with India is ballooning in recent years with import continuously rising while export hitting rock...

Business of old books booming at Nilkhet

Mohammad Wazed Ali | 2016-03-29 00:00:00

The city's Nilkhet area has become a transaction hub of old and rare books as students and academics usually buy and sell different kinds of second-hand ones at competitive prices. Many shops selling old books at Nilkhet do brisk business...

Terms of trade and current a/c balance in BD

Muhammad Shafiullah and Faridul Islam | 2016-03-29 00:00:00

The concept of terms of trade is important for an open economy. This is so because it can be seen as an indicator of the health for an open economy. So, a relevant question is: what is terms of trade?...

Bangladesh\'s real exchange rate appreciation: A source of competitiveness erosion?

Muhammad Shafiullah and Zarif Iftekhar Rasul | 2016-03-29 00:00:00

For a small open economy, exchange rate stability is vital for promoting trade and welfare. In Bangladesh, sustained stability of its exchange rate has been a cornerstone of the government's prudent management initiatives for the last two years. There has...

Three balls of darkness: The Bangladesh-India match

M. Serajul Islam from Maryland, USA | 2016-03-29 00:00:00

Bangladesh cricket lovers were never as disappointed as they were the evening Bangladesh lost to India by one run. They expressed their disappointment in so many ways, some in ways unprintable. Many said that for them it was a sleepless...

Determinants of hunger

Abdul Bayes | 2016-03-29 00:00:00

Famine, hunger, malnutrition, etc. are often used interchangeably which should not be the case. According to international institutions dealing with food security such as the International Food Policy Research Institute (IFPRI), hunger is usually understood to refer to the distress...

Balanced development of global business

Muhammad Abdul Mazid | 2016-03-29 00:00:00

The favourable external economic environment that had made export-led growth strategies viable was severely disrupted by the global crisis in 2008. It was well perceived that export-led growth strategies must sooner or later reach their limits when many countries pursue...

Tourism & travel trappings - playing the game differently

a 10-part series by Imtiaz A. Hussain examines one sector in one article on each Tuesday and Friday of our independence month, beginning March 01 and ending on April 01 with an overall appraisal. The ninth article of the series follows | 2016-03-29 00:00:00

One of the dominant pre-independence tourism selling-points was about Cox's Bazar: "76 miles . . . longest beach in the world." Unfortunately, very much like the Sunderbans being advertised as "the world's largest mangrove forest," we may be building more...

BB governor seeks help from external agencies

Siddique Islam | 2016-03-28 00:00:00

Bangladesh Bank moved for help of the United Nations, the US Fed and the Philippine authorities in an all-out bid for recovering its money stolen through a trans-national cyber heist.   The new central bank governor has sent letters to the...