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Govt to revise tobacco taxation in next budget

Doulot Akter Mala | 2016-03-14 00:00:00

The country's tobacco taxation system may go through a major overhauling process in the budget for the next fiscal year (FY), 2016-17. The government has moved to eliminate the existing price slab system, widely criticised by the experts and stakeholders...

Money hacked from Federal Reserve: BB should move carefully

Nironjan Roy in the first of a two-part article | 2016-03-14 00:00:00

No sooner had our banking industry tackled ATM fraud than the Bangladesh Bank (BB), the guardian of the country's banking sector, itself received a big blow of hacking money from its reserve account maintained with the Federal Reserve Bank of...

Indomitable for the cause of studies

Neil Ray | 2016-03-14 00:00:00

At a time when education has become a commodity making its affordability mostly a clinching factor, there are rare exceptions to this rule. Two contemporaries -one Bangla and the other English -have carried pictorial stories of two indomitable souls devoted...

Defrauding through rosy financials

Shamsul Huq Zahid | 2016-03-14 00:00:00

Hamid Fabrics, a textile company, mobilised Tk 1.05 billion by going public in 2015. The securities regulator allowed the company to offer primary shares each at Tk 35 inclusive of Tk 25 premium. The healthy financial reports of the company,...

Hackers had link with BB insiders !

Jasim Uddin Haroon and Siddique Islam | 2016-03-13 00:00:00

The perpetrators of over US$100 million digital heist from Bangladesh Bank's account with the US Fed might have worked in direct liaison with the bank's employees concerned, according to IT experts. Or, they say, somebody had spied in disguise to...

Govt moves to increase women\'s participation in economic activities

Rezaul Karim | 2016-03-13 00:00:00

The government has moved to increase the participation of women in the country's economic activities especially in the industrial sector with taking some revolutionary steps, officials said. As part of the move, the Prime Minister's Office (PMO) in a meeting...

Developing strong and stable capital market

M Jalal Hussain | 2016-03-13 00:00:00

The diversity, importance and intensity of capital market in the present globalised world have got the attention of all sections of people. Investors, business class, leaders and policy-makers are on the top of the list. Every day, from morning to...

AN-26 crashes in Bay of Bengal

S M Nasimul Haque | 2016-03-13 00:00:00

On the morning of March 09 a cargo flight of True Aviation took off from Cox's Bazar airport R/W 35 for Jessore with shrimps. The set of crew were all from Ukraine. The Captain was a veteran pilot with piles...

All migrants, returnees to come under registration

Munima Sultana | 2016-03-12 00:00:00

The government moves to update the existing three rules on migration and make a new one to ensure registration of all migrant workers and returnees. The move is meant for streamlining the manpower sector, beset with various problems. Officials said...

Rules in the offing to put cap on share holding in insurers

Syful Islam | 2016-03-12 00:00:00

The government is going to issue new rules putting a cap on holding of shares of insurance companies by individuals, families, and companies at maximum 10 per cent, officials said. Shareholders having less than 2.0 per cent of shares would...

BUILD for making tax measures more business-friendly

Special Correspondent | 2016-03-12 00:00:00

Business Initiative Leading Development (BUILD) recently handed over a set of budget proposals to National Board of Revenue (NBR) to make tax measures more business-friendly. BUILD is a joint initiative of Dhaka Chamber of Commerce and Industry (DCCI), in partnership...

Stocks break two-week losing jinx

Babul Barman | 2016-03-12 00:00:00

Stocks posted marginal gain last week that ended Thursday, snapping two weeks of losing spell, as most of the investors were cautious in absence of any powerful motivations. Turnover, an important indicator of the market, however, came down to Tk...

Food security and food safety: concerns for Bangladesh

Kazi Md Mukitul Islam | 2016-03-12 00:00:00

In Bangladesh, food is a basic right affirmed by the National Constitution of the country [article 15 (a)]. However, still a large number of people are food- insecure in this land of 160 million people. According to the World Food...

Women in science and technology-dependent Bangladesh

Lutfor Rahman | 2016-03-12 00:00:00

At the moment, the most interesting and exciting message for Bangladeshi citizens is that our Prime Minister Sheikh Hasina has taken much interest in empowering the nation, particularly the new generation, with knowledge about science and technology. She is laying...

Self-organised environment stimulates real learning

Masum Billah | 2016-03-12 00:00:00

How does it sound when we hear that in the absence of supervision or formal teaching, children can teach themselves and each other, if they're motivated by curiosity and peer interest? Many of us may get astonished to hear it....

Savar still far away from Hazaribagh

Sarwar Md. Saifullah Khaled | 2016-03-12 00:00:00

Too long time has been given to tanners to shift out of Hazaribagh, the heart of the capital city of Dhaka, to suburban Savar with their factories blamed for environmental pollution of the area and the surrounding river. Not that...

Japanese firm to build MRT depot, workshop

Munima Sultana | 2016-03-11 00:00:00

The metro rail project is set to get its first contractor for developing a site for constructing depot and workshop for mass rapid transit line (MRT-6), officials said. The Dhaka MRT Development (DMRTD) project has already obtained concurrence from the...

DSE, CSE get full income tax exemption this fiscal

Doulot Akter Mala | 2016-03-11 00:00:00

The National Board of Revenue (NBR) has decided to offer full tax exemption to the country's bourses on their income for 2015-16 to facilitate ongoing reform activities and infrastructure development of the capital market.   For the current fiscal year (FY),...

BB seeks FBI help to recover stolen money

SM Jahangir and Siddique Islam | 2016-03-11 00:00:00

The central bank has sought cooperation from the Federal Bureau of Investigation (FBI) to recover the money, stolen from the Federal Reserve Bank of New York. The assistance was sought when two senior officials of the Bangladesh Bank (BB) met...

Telcos start cutting 1.0pc talk-time usage surcharge

Doulot Akter Mala and Ismail Hossain | 2016-03-11 00:00:00

The government-slapped one per cent surcharge on mobile phone talk-time usage has been effective from Wednesday. Cell-phone operators have started deduction of the 1.0 per cent surcharge from the subscribers' talk-time on the day. From now on, mobile phone users...

Attaining MDGs: Bangladesh perspective

S. M. Rayhanul Islam | 2016-03-11 00:00:00

At the Millennium Summit in 2000, the global community committed to achieving sustainable changes on a massive scale for millions of people across the world. To build a more peaceful, prosperous, and just world, the heads of state and government...

When growth drives poverty down

Abdul Bayes | 2016-03-11 00:00:00

Bangladesh has a solid history of poverty reduction which it can boast of. Admittedly this has largely been induced by income growth. From a feeble 4.0 per cent or less in the 1980s, the GDP (gross domestic product) growth rate...

Problems with patenting of parthenogenetically activated cells

Jasper Bovenberg, Judit Sandor and Alexandra Henrion Caude in Haarlem | 2016-03-11 00:00:00

In 1899, the German-American scientist Jacques Loeb engineered the asexual reproduction of sea urchins through artificial parthenogenesis (the manipulation of egg cells to enable embryonic development without fertilization). His speculation about complete parthenogenesis in mammals - not to mention his...

Wishing a fishing future: An ocean-based future economy

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 fourth article of the series follows | 2016-03-11 00:00:00

We cannot be cowed by fearful climate-change scenarios of the ocean swarming across our green pastures without exploiting oceanic opportunities as level-headedly as possible. In other words, our fishing industry can no longer continue playing second- or third-fiddle in the...

Businesses still disagree with govt over VAT law

Doulot Akter Mala | 2016-03-10 00:00:00

Businesses and the government still stand in disagreement over some provisions of the new VAT law, principally a tall uniform rate of the tax at 15 per cent for all -- small kiosks or big shots. The country's apex trade...

BD needs to raise investments to achieve 7pc growth: SCB

Siddique Islam | 2016-03-10 00:00:00

Bangladesh will need to significantly increase its public sector investments and improve business climate to attract private investments in order to achieve a sustainable growth rate beyond 7.0 per cent by the next fiscal year (FY), 2016-17, according to Standard...

Govt eyes bigger child budget

Rezaul Karim | 2016-03-10 00:00:00

The area of child budget is set to be expanded from the next fiscal year as the government in its latest move has planned to bring two more ministries under the coverage of financing facility for children, officials said. As...

International interns studying social business

Mohammad Polash Khan | 2016-03-10 00:00:00

For the last couple of years the whole notion of social business started to have a voice and appeal around the world. Muhammad Yunus and  Yunus Centre are emerging to become a household name globally. Recently, some international interns with...

Asia Cup Cricket in retrospect

M Serajul Islam from Maryland, USA | 2016-03-10 00:00:00

India won the Asia Cup in style - and deservedly. The Bangladesh team that did not give itself much chance to win surprised itself and all cricket lovers in the country and those watching worldwide with the way it played...

Iran\'s economy after the elections

Hassan Hakimian in London | 2016-03-10 00:00:00

Recent gains by pro-government reformist candidates in Iran's parliamentary elections have given President Hassan Rouhani a welcome midterm boost. But huge economic challenges remain. And in the coming months, these challenges are what will determine the battle lines between the...