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Developing comprehensive data on service sector

Asjadul Kibria | 2016-03-19 00:00:00

Bangladesh as well as other least developed countries (LDCs) have gained some preferential treatment on service trade at the Nairobi Ministerial Conference of the World Trade Organisation (WTO) in December last year.   These include: extension of existing waiver by four...

Women\'s participation in agriculture

write Niamot Ali Enayet and Rajibul Haque Piqul | 2016-03-19 00:00:00

Bangladesh is predominantly an agrarian society where agriculture is viewed as a fundamental contributor to the economy. Since independence, the growth of agricultural production has been faster than the growth of population. At present, the population of Bangladesh is nearly...

Faith and education

Abdul Bayes | 2016-03-19 00:00:00

The Economics and Social Science Department (ESS) of the BRAC University, in collaboration with the Barkley Center for Religion of the George Town University, recently organised their fourth round of the Speakers' Forum Series on 'Faith and Development'. These two...

‘Rampant abuse’ of wreckers on roads

Munima Sultana | 2016-03-18 00:00:00

Use of wreckers is allegedly abused by a section of traffic police taking advantage of inadequate parking facilities in the city with people facing untold miseries in traffic jam-prone roads everyday. Witnesses said wrecker use is found mainly at crossings,...

No password sharing in banks to prevent heist

Siddique Islam | 2016-03-18 00:00:00

Most commercial banks are building cyber-security bulwarks to prevent cyber heist with measures that include total taboo on sharing password. Any password sharing will be treated as "termination offence", bankers said. The passwords of sensible officials, who are in charge...

Govt probe panel starts work Sunday

Syful Islam | 2016-03-18 00:00:00

A three-member official probe body on Bangladesh Bank reserve heist will start work formally tomorrow (Sunday), said committee chief Dr Mohammed Farashuddin. "We will start working Sunday," Mr Farashuddin, also a former governor of Bangladesh Bank (BB), told the FE...

Postal automation hits bump

Talha Bin Habib | 2016-03-18 00:00:00

Non-availability of land has been hampering the government initiative to build one thousand new post- offices (POs) with automation facilities, officials said. Bangladesh Post Office (BPO) is now implementing "Process Automation of Postal Department" project, aiming to digitise postal operation...

Of education science and our education scene

S. M. Rayhanul Islam | 2016-03-18 00:00:00

Like in the other countries, 'education science' has become an independent discipline in the academic arena of Bangladesh. Keen interest in this discipline is growing day by day among the academics, education policy makers, researchers, development professionals, students and the...

Pharmaceuticals: Farming the future

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 sixth article of the series follows | 2016-03-18 00:00:00

With the Bangladesh's pharmaceutical industry shifting from the back-seat to the steering-wheel, we might have found one of the meaningful pathways towards a higher industrial league. Always a formidable sector, the pharmaceutical industry relied heavily on foreign franchises, both before...

Hackers attacked BB with software virus for heist

Siddique Islam | 2016-03-17 00:00:00

A destructive software virus was specifically designed for a targeted attack on the central bank of Bangladesh to operate SWIFT Alliance Access (SAA) servers for the heist in its Fed account. Official sources said the cyber-experts doing the sophisticated probe...

ICAB urges NBR to defer VAT law implementation

Doulot Akter Mala | 2016-03-17 00:00:00

Chartered accountants have recommended the government allow taxpayers six months to prepare themselves for adapting to the new VAT law. The VAT and Supplementary Duty Act will be enforced from July 1, 2016. They said there is a basic difference...

Animals do have lives

Rakibul Haq Emil | 2016-03-17 00:00:00

Bangladesh may be developing in all the parameters according to numerous international standard organisations and research firms, but how much development have we witnessed regarding human stance towards animals? This question will have multiple answers, nevertheless, no one will be...

Offshore banking to stimulate foreign investment

Mohammad Rafiqul Islam | 2016-03-17 00:00:00

Offshore banking refers to banking services off the shore or the main land. Offshore banking mainly serves those who are not residents of the mainland where the offshore bank is situated. For example, offshore banking in Bangladesh is serving those...

The cyber theft episode

Syed Jamaluddin | 2016-03-17 00:00:00

The Bangladesh Bank (BB) is being criticised for suppressing information on hacking by cyber thieves for about a month. The BB came up with a statement on March 07 but did not disclose the amount of the stolen funds. A...

NBR to form body to ensure security

Doulot Akter Mala | 2016-03-16 00:00:00

The National Board of Revenue (NBR) has decided to form a body for ensuring cyber security of the Integrated VAT (Value Added Tax) Administration System (IVAS) to protect electronic VAT payment from hackers. The online VAT payment, to be introduced...

Troubling whims

Shamsul Huq Zahid | 2016-03-16 00:00:00

The latest developments surrounding the deal, titled, 'Government to Government Plus (G to G Plus), signed recently between Bangladesh and Malaysia on recruiting workers from the former, are quite puzzling. The  developments -- signing of a Memorandum of Understanding (MoU)...

Ministry agrees to hand over rly land, finally

Munima Sultana | 2016-03-16 00:00:00

A row over setting up of a multimodal transport hub is likely to be eased after the Ministry of Railway (MoR) agreed in principle to hand over the Railway land considering the importance of the hub to serve greater number...

Stability sine qua non for SEZs\' success

Sarwar Md. Saifullah Khaled | 2016-03-16 00:00:00

In the era of free market, economic zoning as a development paradigm works wonders in advancing the economy of a country. Conceptually, capital is on free float across the globe. Capital flows in if such designated zones are built up...

Re-writing the future: Celebrating women leadership in the urban slums

Blerta Cela | 2016-03-16 00:00:00

Khadija Begum is visibly excited with the kind of attention she now gets. She said: "I am very excited that the people trusted me with community leadership! I am now working for the poor to prove myself worthy of their...

Should the central bank follow the market or lead it?

Mirza Azizul Islam | 2016-03-16 00:00:00

Bangladesh Bank announced its Monetary Policy Statement (MPS) for the second half of the current fiscal year (January-June 2016) on  January 07. The objective of the present paper is to undertake an illustrative analysis of the limitations of monetary policy...

Businesses going to get VAT reg numbers online

Doulot Akter Mala | 2016-03-15 00:00:00

Businesses are going to get new VAT-registration numbers online from April as prelude to enforcement of the now dormant Value Added Tax and Supplementary Duty (SD) Act, officials said. The National Board of Revenue (NBR) has planned to issue the...

BR seeks triple budget for next fiscal year

Munima Sultana | 2016-03-15 00:00:00

The Bangladesh Railway (BR) has sought three times higher budget for the upcoming fiscal year (FY), 2016-17. The organisation says it needs to acquire substantial areas of land, mainly for the Padma Bridge rail connectivity and Dohazari-Cox's Bazar railway projects....

Fund crisis hits agro-based projects under EEF

Rezaul Karim | 2016-03-15 00:00:00

Shortage of fund is hindering the operational activities of Equity and Entrepreneurship Fund (EEF) for agro-processing projects as nearly Tk 20 billion is badly needed for the sector, officials concerned said. Currently, some Tk 19.53 billion is urgently needed for...

BSEC for ‘National Policy on Financial Education’

Mohammad Mufazzal | 2016-03-15 00:00:00

The financial literacy committee has recommended to make the financial literacy programme mandatory for every stakeholders in an effort to make investors literate for the sake of their investments. The committee has also recommended a 'National Policy on Financial Education'...

Money hacked from Federal Reserve: BB should move carefully--II

Nironjan Roy concluding his two-part article | 2016-03-15 00:00:00

In North American financial market, single transaction cap and limit control are used as effective tools to mitigate the risk associated with fraudulent activities. Whether there was any cap on single transaction and was there any requirement of supplemental documents...

On poverty, MDG and income inequality

Saleh Akram | 2016-03-15 00:00:00

Economic disparity is as old as civilisation itself. The situation has unmasked various other implications over the centuries. Economic disparity among people in a community or a country is found out to be a cause of sluggish growth for the...

The Mobile-Money

Abdul Bayes | 2016-03-15 00:00:00

This writer claims to be the first researcher in Bangladesh to work on the impacts of mobile phones in poverty alleviation in rural Bangladesh. That was in 1997 when only 100 mobile sets were distributed by Grameen Phone to Grameen...

Leather: A future feather?

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 fifth article of the series follows | 2016-03-15 00:00:00

The history of the leather industry parallels that of the country's: struggling against all odds during its infancy in the 1970s, adolescent undulations throughout the 1980s, disorganised boom in the 1990s, and a game-changing crossroads in the early part of...

Gender parity in the economy still a far cry

Hasnat Abdul Hye | 2016-03-15 00:00:00

More than a century has passed since the commemoration of the first International Women's Day in 1911. During the first observation of the Day demonstrators advocated for an end to gender discrimination and for the promotion of women's rights to...

Japan agrees to conduct survey on two metro rail projects

Munima Sultana | 2016-03-14 00:00:00

Japan has agreed to conduct a survey on the two proposed metro rail projects in the city's east-west and north-east directions. However, the Asian Development Bank (ADB) has also come forward with a technical proposal to conduct the feasibility study...