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India\'s NE fails to import agreed bandwidth load

Ismail Hossain | 2016-03-28 00:00:00

India's northeastern states are unable to import the full load of 10-gigabit per-second (Gbps) bandwidth from Bangladesh under a deal due to their infrastructural constraints. They are taking only 3GBPS now, to start with, officials said. In a swap of...

Brokers\' unwillingness threatens to derail mobile trading

Mohammad Mufazzal | 2016-03-28 00:00:00

Share trading on mobile phones is yet to attract desired number of investors as many brokers are not willing to provide the service without fees, insiders said. The Dhaka Stock Exchange (DSE) launched the much-awaited DSE-Mobile share trading service on...

Turning waste tires into energy

Ahamad Tanvirul Alam Chowdhury | 2016-03-28 00:00:00

Bangladesh is producing around 18,144,000 litres of industrial fuel per year, worth US$ 9,072,000 to substitute furnace oil or industrial diesel by adopting pyrolysis technology to recycle around 50,400 tons of hazardous waste tires. Besides, 75 per cent toxic chemical,...

Desire and reality mismatch

Shamsul Huq Zahid | 2016-03-28 00:00:00

The headline of the lead story of yesterday's issue of a leading Bengali contemporary screamed, "Tk.300 billion embezzled in seven years".  In fact, the amount mentioned in the story was only a part of the money that was literally looted...

Are we living with life\'s gift or with life\'s woes?

Saleh Akram | 2016-03-28 00:00:00

If living quality is an indicator of happy life, the position of Dhaka can better be imagined than described, at least on the basis of successive international survey findings. Not infrequently over the last few years, various survey reports by...

BD eclipses Pakistan in country brand value

Asjadul Kibria | 2016-03-26 00:00:00

More than 40 years after Independence, Bangladesh is now carrying a higher brand value globally than Pakistan in most of the international indices. London-based Brand Finance, a leading independent brand valuation and strategy consultancy entity, in its latest ranking on...

Construction sector sluggish despite props

Syful Islam and Srabonty Mazumder | 2016-03-26 00:00:00

Despite having a favourable environment, the country's construction industry could not make a turnaround to its previous state even in a year and is still struggling. Prices of all construction materials remained within people's purchasing capacity for a long period...

Execution of 16 road projects in limbo

Munima Sultana | 2016-03-26 00:00:00

Execution of some 16 projects in road sector has been slow in the current fiscal year due to failure to complete land acquisition and road designs. Sources said four of these projects were taken up 10 to 15 years ago....

MoFL warns officials of stern actions

Talha Bin Habib | 2016-03-26 00:00:00

Taking into account poor execution performance of development projects, the Ministry of Fisheries and Livestock (MoFL) has issued warnings to the officials concerned of stern actions upon failure to improve their performances, officials said. The MoFL reviewed some 57 projects...

Stocks slide for second week

Babul Barman | 2016-03-26 00:00:00

Stocks witnessed a sharp decline last week that ended Thursday, extending the losing spell for the second week in a row, as worried investors were on selling frenzy, especially on large-cap stocks. Market insiders said the market passed a shaky...

Revitalising rural economics for more inclusive development: Bangladesh perspective

M Afzal Hossain | 2016-03-26 00:00:00

The rural economy 'of Bangladesh is characterised by pre dominance of agriculture, underemployment and an inadequate scope of earning. Incremental increase in pollution inhibits people to be employed 'in the agricultural sector gainfully and justify the need for exploring the...

The Trump terror: Is America inviting tyranny?

Lamia Mohsin | 2016-03-26 00:00:00

With the US presidential elections gaining momentum at an expedited pace, the past few months have witnessed mounting public interest in the candidates vying for supremacy in the race towards the White House.  As usual, the top two heavyweight political...

Journey through the history of independence

Asjadul Kibria | 2016-03-26 00:00:00

Time and again, the history of the war of liberation of Bangladesh has been revisited by historians, scholars and freedom fighters. The outcome of this is a number of books which depict different aspects of the movement and struggle for...

Outrageous indifference to workers\' safety

Nilratan Halder | 2016-03-26 00:00:00

When masons or paint workers put cement-sand mixture or colour coat on the outside wall of buildings dangling from ropes or makeshift bamboo scaffold, most people watch them with bated breath. The reason is simple: a false step or a...

Remembering an honest civil servant

Aeman Tehseen Rasul pays tribute to his memory | 2016-03-26 00:00:00

It's been a year since my uncle left this world. This vacuum will never be filled, but his memories will always be cherished. His works towards his country will be remembered for his honest and best judgement. Former Finance Secretary...

March 1971: Down the memory lane

Muhammad Quamrul Islam | 2016-03-26 00:00:00

Historically as we observe the Independence and National Day today, our mind flashes back to March 1971 when we were in our youthful exuberance at the age of 30 years. We were imbued with the spirit to seek democracy, nationalism...

Leveraging agriculture for nutrition

Abdul Bayes | 2016-03-26 00:00:00

"The agriculture sector and wider agri-food system are considered to be central to sustained progress in reducing under-nutrition and yet not enough is known about how to unleash this potential", argued some eminent economists from the International Food Policy Research...

NBR e-services for VAT-payers from July 1

Doulot Akter Mala | 2016-03-25 00:00:00

A set of e-services, including VAT e-calculation, e-appeal, e-tax adviser and e-learning, is going to be launched for the country's VAT-payers from July 1. The VAT Online Project (VOP) under National Board of Revenue (NBR) will offer the online services...

BD needs to look before joining TPP, says BTC

Talha Bin Habib | 2016-03-25 00:00:00

The Bangladesh Tariff Commission (BTC) in a study has said the country is neither in a position to join the Trans-Pacific Partnership (TPP) bloc nor it needs to do so. The BTC has also said the country's ready-made garment (RMG)...

Dividend payments by state entities to come under legal framework

Rezaul Karim | 2016-03-25 00:00:00

The government has initiated a move to bring the payment of dividends/profits by the state-owned entities under a legal framework with the objective of boosting its revenue income, officials said. The ministry of finance (MoF) is now attaching utmost importance...

How costly should Dhaka City be?

Nilratan Halder | 2016-03-25 00:00:00

In a year marked by volatility of commodity prices, Dhaka City has ranked joint 71st with Canadian city Montrea. According to the Economist Intelligence Unit's (EIU's) 2016 Worldwide Cost of Living Survey, Singapore has remained the costliest city for the...

Second-time gold - the RMG magic

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 eighth article of the series follows | 2016-03-25 00:00:00

The history of Bangladesh's economic growth has been tied with golden fibres: first jute, until the 1980s, then textiles, which, in the form of RMG (ready-made garments) income, brought in the gold since then. The former propped up Pakistan for...

Challenges to the effective implementation of competition law

Asjadul Kibria | 2016-03-25 00:00:00

Although competition is a core element of the free market economy, businesses across the world are not always comfortable with competition. The lesser the competition, the higher the profit. Absence of competition, fair competition to be precise, takes heavy toll...

Central bank hires jurist to assess scopes of case against NY Fed

Siddique Islam | 2016-03-24 00:00:00

The central bank hired jurist Ajmalul Hossain QC to assess the responsibility before filing a lawsuit against the Federal Reserve Bank of New York over the US$101 million digital theft from its account. "We're yet to take decision about filing...

MF market continues to be dull, drab

Mohammad Mufazzal | 2016-03-24 00:00:00

The impact of regulatory decision regarding liquidation or conversion of closed-end mutual funds (MFs) into open-end ones is yet to be visible in the capital market. The units of the majority number of closed-end MFs are being traded well below...

Shaping users to be innovators

Ibrahim Kamrul Shafin | 2016-03-24 00:00:00

Scintilla Science Club, one of the oldest and most prestigious science clubs of Dhaka city hosted their 60th Annual Science Fair from the 11th to the 19th of March, 2016 in the premises of St. Joseph Higher Secondary School, Dhaka....

BB heist: Risk management with internal controls approach

Dilwar H. Choudhury and Javed Ikbal | 2016-03-24 00:00:00

Since the time Bangladesh Bank's 'illegal' fund transfer came to light and became a public knowledge, controversy, recrimination, temper and emotion flew so high that the people digressed from the real issues at stake. To our mind the real issues...

Rickshaws invade capital

Mohammad Wazed Ali | 2016-03-23 00:00:00

Pedalled rickshaws continue to make an influx into the capital city as homegrown autos, conversely, occupy their place. Dhaka's streets are, thus, clogged with the manually-driven three-wheelers. According to experts and city-dwellers, apart from a steady rise in the number...

When death on roads is too obvious

Shamsul Huq Zahid | 2016-03-23 00:00:00

City roads are not highways. So, traffic rules do not allow the motor vehicles to ply the city roads at speed levels that are permissible in the case of highways. People at the steering can hardly drive their motor vehicles...

BB seeks WB help to recover stolen money

Siddique Islam | 2016-03-23 00:00:00

The central bank now sought World Bank cooperation in the hunt for recovering the stolen foreign-exchange reserves from the Philippines, officials said, as drives so far saw little headway. The appeal was made at a meeting with a three-member WB...