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FTC exposes soft underbelly of global regulators

Asjadul Kibria | 2017-03-04 00:00:00

Are the global financial regulatory institutions and organisations doing enough to check or contain illicit financial flows (IFFs), especially from the developing countries? There is no simple answer to the question as the issue is a complex one. IFFs are...

Unjustified transport workers\' strike

Nabil Azam Dewan | 2017-03-04 00:00:00

An angry mob of transport workers attacked the police on Tuesday night - torching a police wrecker, a police box and a nearby ambulance at Gabtoli, Dhaka. The clash resulted in the deadly injury to four transport workers alongside several...

Prioritising capacity utilisation of industries

Saleh Akram | 2017-03-04 00:00:00

Capacity utilisation is pivotal to viability of an industry. As an industry depends mainly on its return on investment (ROI), capacity utilisation is a measure of profitability of an enterprise. This is particularly crucial for industries that are operating much...

Overdraft and cash credit - the main villains of NPL

Nironjan Roy writes in the first of a two-part article on non-performing loans | 2017-03-04 00:00:00

While working in a bank in Bangladesh, we frequently noticed that there were some borrowers who personally came to the branch, waited in the Manager's chamber, spent some time in chatting and finally presented a cheque for his initial. His...

One hundred years of education research

S. M. Rayhanul Islam | 2017-03-03 00:00:00

The American Educational Research Association (AERA) is the world's largest interdisciplinary research association devoted to the scientific study of education and learning. Founded in 1916, AERA is concerned with improving the educational process by encouraging scholarly enquiry related to education...

RPPs as modes of bagging undue profit

Shamsul Huq Zahid | 2017-03-03 00:00:00

The private rental power plants (RPPs), rightly or wrongly, are given much credit for the improvement in power situation in recent years. But the policymakers, it seems, are consciously avoiding any mention of the high cost these plants have been...

Transport strike ignores respect for law

Nilratan Halder | 2017-03-03 00:00:00

What is the transport strike about? On the face of it, the strike is about saving a driver condemned to life imprisonment for causing death to five people including Tareque Masud, a noted filmmaker and Mishuk Munier, an expert cinematographer....

Karmasangsthan Bank in acute fund shortage

Syful Islam | 2017-03-02 00:00:00

The Karmasangsthan Bank, in the face of acute fund shortage, is set to take Tk 2.0 billion loan from the Sonali Bank to expand its business, officials said. The Sonali Bank has agreed to give the loan at 6.25 per...

JAAGO Foundation wins UNESCO award

Nazmus Saleh Sakib | 2017-03-02 00:00:00

Korvi Rakshand, founder of JAAGO Foundation, received the UNESCO King Hamad Bin Isa Al-Khalifa Award for the use of information and communication technologies (ICTs) in education in Paris on February 21, 2017. The award is the recognition of JAAGO Foundation's...

Modus operandi of offshore banking in Bangladesh

Mohammad Rafiqul Islam | 2017-03-02 00:00:00

Primarily, offshore banking refers to a banking system dealing with non-resident individuals and enterprises as defined by the exchange control authority of a host country where its offshore financial centre exists. Offshore banking also serves the resident enterprises as per...

Skill training key to reaping demographic dividend

M. Aminul Islam Akanda | 2017-03-02 00:00:00

Bangladesh has entered an age of demographic dividend with wider slabs for working-age people in population pyramid. It has overtaken baby-boom of the 1970s and has now more youths after three decades, which will continue for the next four decades....

Govt halts auctions of T-bills, bonds in March

Siddique Islam | 2017-03-01 00:00:00

The government has suspended the auctions of both treasury bills (T-bills) and bonds for the month of March to ensure its proper cash management, officials said. Bangladesh Bank (BB) communicated the government's decision on suspension of auctions of T-bills and...

EEF experiences drought of competent ICT entrepreneurs

Rezaul Karim | 2017-03-01 00:00:00

Substantial part of the EEF meant for supporting information and communication technology (ICT) projects has remained idle due to the lack of response from adequate number of qualified entrepreneurs, officials said. Besides, most of the applicants could not meet their...

Separate CIB for MFIs getting delayed

Ismail Hossain | 2017-03-01 00:00:00

The planned setting up of a separate credit information bureau (CIB) for the country's micro finance institutions ((MFIs) has been delayed as the Department for International Development (DFID) will not provide its promised funds for the data centre. The Bangladesh...

China\'s anti-graft efforts provide boost to poverty relief work

Liu Rui | 2017-03-01 00:00:00

China has benefited from its increased efforts in cracking down on corruption in poverty relief work, further cementing the country's remarkable accomplishments in poverty alleviation. At the beginning of 2016, the Supreme People's Procuratorate (SPP) and Poverty Relief Office under...

Of Arabs and Muslims and the Big Ban

Baher Kamal of IPS in Rome | 2017-03-01 00:00:00

Now that President Donald Trump's decision to ban citizens of seven Muslim majority countries from entering the United States continues to drift into legal labyrinths about its legality-or not, it may be useful to clarify some myths that often lead...

Padma Bridge: Moral obligation of World Bank

Md. Matiul Islam | 2017-03-01 00:00:00

In 2012, when World Bank came out with the allegation of corruption relating to Padma Bridge, all hell broke loose in Bangladesh. It was a serious allegation of 'conspiracy' plotted to stage a high-level corruption in the Padma Bridge project...

Corruption, poverty and democracy

M. A. Taslim | 2017-03-01 00:00:00

Transparency International (TI) has been publishing its annual flagship report Corruption Perception Index since 1995. The index was estimated for only 41 countries in the first year from the polls of assessments of international businessmen and financial journalists about how...

Rail runs at loss by overruling reforms

Munima Sultana | 2017-02-28 00:00:00

Seven reform measures taken since the country's independence for appropriate institutional changes in Bangladesh Railway (BR) failed to deliver, leaving it as a loss-incurring entity as 45 years ago. Sources said the relevant authorities overruled a recommended autonomous BR management...

Bangladesh missing out on $12b trade in CIS countries

Talha Bin Habib | 2017-02-28 00:00:00

Absence of commercial wings in Bangladesh's embassies has deprived the country of a unique opportunity to grab an annual trade worth US$ 12 billion in the commonwealth of independent states (CIS), officials said.   The markets in CIS including Ukraine have...

China\'s tougher refinancing policies to divert funds toward real economy

Li Ning | 2017-02-28 00:00:00

BEIJING, Feb 27: China's top securities regulator has amended rules to crackdown on excessive and frequent financing and arbitrage through private placement by listed companies. Analysts noted that the new policies would help divert funds from financial investments toward real...

Diabetes—from rich to poor, urban to rural areas

Muhammad Abdul Mazid | 2017-02-28 00:00:00

Diabetes is a physical disorder; it is preventable if detected early. If it is not detected early, it will affect eyes, kidneys, legs, nerves, heart, etc. A retired medical college professor went to a doctor complaining of sudden uneasiness. The...

New thoughts on microcredit

Abdul Bayes | 2017-02-28 00:00:00

Across the world, Bangladesh is believed to be the birthplace of microcredit. Over time, innumerable books, articles and research papers poured into this 45-year-old financial route to rural poverty eradication. While microcredit encouraged new theorizing about how it works, in...

Impact of loan default

Syed Jamaluddin | 2017-02-28 00:00:00

Media reports suggest that loan management is not doing well. At the moment around 10 per cent of the total loans are in default category. Former Deputy Governor of Bangladesh Bank (BB) Khondker Ibrahim  Khaled is of the view that...

Tony Blair\'s democratic insurrection

Anatole Kaletsky in London | 2017-02-28 00:00:00

Former British Prime Minister Tony Blair's recent call for voters to think again about leaving the European Union (EU), echoed in parliamentary debates ahead of the government's official launch of the process in March, is an Emperor's New Clothes moment....

Banks run short on provisioning

Siddique Islam | 2017-02-27 00:00:00

Overall shortfall in provision against both classified and unclassified loans in the country's banking system swelled by nearly 28 per cent or Tk 11.87 billion in the last calendar year. Officials said the banks ran short on the provisions following...

Businesses will seek policy strategies for sustainable dev

Talha Bin Habib | 2017-02-27 00:00:00

Businesses will seek policy strategies on priority basis to promote sustainable development of the country's trade and businesses. The strategies should be adopted in line with the three out of 17 SDGs (sustainable development goals) related to the trade and...

Govt mulls bonus policy for BKB, RAKUB employees

Rezaul Karim | 2017-02-27 00:00:00

The government is set to prepare a policy on payment of incentive bonus to all the employees of Bangladesh Krishi Bank (BKB) and Rajshahi Krishi Unnayan Bank (RAKUB), officials said. A total of 17,280 employees of the country's two largest...

CPEC opens door to foreign investment in Pakistan

Xu Wei, Meng Xianglin and Zhang Mengxu | 2017-02-27 00:00:00

The China-Pakistan Economic Corridor (CPEC), the flagship project under the "Belt and Road" initiative, is going full steam ahead. The corridor, opening a door to foreign investment in Pakistan, has brought Pakistan more development opportunities. "In May this year, China...

UN declares a war on ocean plastic

Baher Kamal of IPS in Rome | 2017-02-27 00:00:00

The available data is enough for the United Nations to literally declare war on oceans' plastic: more than 8.0 million tonnes of leaks into their waters each year - equal to dumping a garbage truck of plastic every minute, wreaking...