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France set to devise 5-yr country strategy for BD

Rezaul Karim | 2016-03-05 00:00:00

France is set to formulate its country strategy for Bangladesh aiming to identify the priority sectors of investment for next five years, a senior official has said. The AFD, a French public development finance institution and a bilateral agency, is...

Aided special fund fuels SME growth

Munima Sultana | 2016-03-05 00:00:00

A foreign-aided special fund fuelled performance of small and medium enterprises (SMEs) with turnover, profit and job creation marking significant increases. Bangladesh Bank's SME and Special Programmes Department gave an account of such advances, crediting the improvements largely to loans...

China - the next destination for scholars!

Ohidul Alam | 2016-03-05 00:00:00

The People's Republic of China (PRC), located in South Asia, is an industrialised country posting fast economic growth. It is the world's most populous country, with a population of over 1.35 billion and covers an area of 9.6 million square...

The legacy of the Ottoman Empire

A B M Ahsanullah | 2016-03-05 00:00:00

In recent times, a local TV channel ran a series titled "Sultan Sulaiman". It became popular very quickly and is being re-run. By now, most viewers know that "Sultan Sulaiman" was an Emperor of the Ottoman Empire. But a large...

Errors in SSC question papers

Nilratan Halder | 2016-03-05 00:00:00

Eleven, five, three, four and 11 are no figures for a quiz. Audience or viewers of the Z Bangla have now become accustomed to such quizzes courtesy of Dadagiri hosted by Sourav Ganguly. But those numbers are in fact errors...

Customer protection in insurance sector

K M Murtoza Ali | 2016-03-05 00:00:00

Insurance represents a tool of prime importance in modern economies. It enables the insured to reduce and better manage their risk exposures. The basic feature of an insurance contract is that the insured buys a future promise of payment contingent...

Will Brexit break the pound?

Harold James in Princeton | 2016-03-05 00:00:00

The British government's recent announcement that a referendum on Britain's European Union (EU) membership will be held on June 23 was quickly followed by a sharp drop in the pound's value. Exchange rate volatility for the pound is bound to...

Tax collection: The dilemma

M A Taslim | 2016-03-04 00:00:00

The Finance Minister will soon commence his annual ritual of consulting the high and mighty of the populace to prepare the draft of the next budget. This is a good way to make them a party to the eventual text...

Appointment of Jubok administrator gets nod

Syful Islam | 2016-03-04 00:00:00

The Ministry of Law has given go-ahead to appointment of an administrator in the Jubo Karmasangsthan Society (Jubok) to pay back money to hundreds of thousands of cheated youths, officials said Thursday. The green signal came seven months after the...

BB wants list of goodies among bank borrowers

Siddique Islam | 2016-03-04 00:00:00

The central bank has sought information about good borrowers from all the commercial banks, as the goodies would enjoy financial incentives. "We'll issue an instruction for furnishing the information (in prescribed form) to know about the number of good borrowers,...

IFC to promote solar products in 8,000 off-grid villages

Ismail Hossain | 2016-03-04 00:00:00

The International Finance Corporation (IFC), a member of the World Bank Group, is planning to promote solar products in 8,000 off-grid villages in the country. With the assistance of German development organisation GIZ, the IFC is targeting approximately 70 million...

The politics of financial volatility

Alexander S. Friedman in London | 2016-03-04 00:00:00

Twenty-four years ago, in the midst of an ugly US presidential campaign, Bill Clinton's campaign manager neatly summed up his candidate's message: "It's the economy, stupid." Today, as investors struggle to understand what is driving extreme volatility in the financial...

Govt earnings from DSE drop 30.6pc in February

Babul Barman | 2016-03-04 00:00:00

The government revenue earnings from the Dhaka Stock Exchange (DSE) fell 30.6 per cent month-on-month in February on the back of falling trade volumes. The government bagged tax worth Tk 107.94 million in the second month of 2016, which was...

Move to divert Tk 16b risk fund to micro credit loan account

Ismail Hossain | 2016-03-04 00:00:00

The micro-credit regulator is set to take a move to abolish nearly Tk 16 billion loan risk fund and divert  the money to the loan account. The micro-finance institutions (MFIs) have long been deducting Tk 5.0 or more for Tk...

A focus on sexual conduct of our youths

S. M. Rayhanul Islam | 2016-03-04 00:00:00

Gone are the days when parents and other guardians in a family used to monitor what magazines we bring home and what TV shows or movies we may watch. As the world becomes more interconnected than ever before, young people...

Let pressure on mega city go

Shafiqul Alam | 2016-03-04 00:00:00

Mega city Dhaka is already a city of contrasts --- a city of gigantic towers and slums, a city of too many personal transports and stagnant roads or the like with spill-over adverse effects on all sections of the city's...

Teachers\' aptitude in question

Nilratan Halder | 2016-03-04 00:00:00

The much vaunted balloon of structured questions, popularly known as creative method of evaluating merit of students, has ruptured. A survey conducted countrywide by none other than the Directorate of Secondary and Higher Education (DSHE) found that more than 40...

Flip-flopping fibres: Any jute renaissance will be RMG-related

a 10-part series by Imtiaz A. Hussain examines one sector in one article on each Tuesday and Friday of our independence month beginning on March 01 and ending on April 01 with an overall appraisal. The second article of the series follows | 2016-03-04 00:00:00

Nowhere else in our economy has there been a more dramatic reversal than with the two most prominent fibres in Bangladesh's history: jute and cotton. Whereas the former completely lost its "golden" touch as an economic catalyser and export-income source,...

MoFA opposes MBBS admission on \'request\' under Saarc quota

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

Only three, out of 18 seats for admission in the government medical colleges under the Saarc quota, have been recommended on merit basis and the rest on 'request of dignitaries' from home and abroad, officials said. The Ministry of Foreign...

BB monitors $100m money laundering to Philippines

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

Bangladesh Bank (BB) is closely monitoring the developments in alleged laundering of money amounting to US$100 million to the Philippines, a senior central banker told the FE on Wednesday. "We've been informed about the suspected laundering of funds," the BB...

Body to suggest pay hike for MoA’s farm labourers

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

The government has moved to raise daily wages for agricultural labourers working under the agriculture ministry aiming to adjust their wages to recent market prices, sources said. As part of the move, the Ministry of Agriculture (MoA) has constituted a...

Major nationwide EMTS expansion underway

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

The government will expand electronic money transfer services to the union level by May, considering the growing demand, a top postal official said. The official said the Directorate of Bangladesh Post Office (BPO) will appoint thousands of agents for implementing...

Revamping the banking sector

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

The finance minister spilled the beans on the syndicated plunder of the state-run Basic Bank and also shed light on the deadweight of bad loans dragging down some other public and private banks. The finance minister disclosed in Parliament the...

Expansionary monetary policy to stimulate investment

Md. Touhidul Alam Khan and Md. Julker Naim | 2016-03-03 00:00:00

A monetary policy is referred to as contractionary if it reduces the size of money supply or raises interest rate. An expansionary policy increases the size of money supply or decreases the interest rate. Furthermore, monetary policies are described as...

Ekushey Book Fair 2016: Improved arrangement

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

The month-long Ekushey Book Fair 2016 concluded on the last day of February without any untoward incident except one day's sudden hailstorm. The security measures this time were satisfactory. Ample open space was kept for the visitors with some stalls...

Small savers and missing ‘warmth’ in economy

Shamsul Huq Zahid | 2016-03-02 00:00:00

Small savers, particularly the pensioners, are now in a quandary about the destination of their funds. They have three investment options -- time deposits with banks, stock market and the state-owned savings instruments -- before them. But all the options...

Classified farm loans fall due to rescheduling

Siddique Islam | 2016-03-02 00:00:00

The classified loans in agriculture sector registered a significant fall in seven months up to January as rescheduling of such loans was allowed until December 31 last, officials said. The amount of non-performing loans (NPLs) of farmers dropped by more...

The US media and 2016 presidential election

M. Serajul Islam from Maryland, USA | 2016-03-02 00:00:00

I followed the 2012 US presidential election for most of the time from the United States returning to Bangladesh just before the election. It was morning in Dhaka, around 10 or 10:30 am when the votes in Ohio were being...

The stench of Hazaribagh

Abdul Bayes | 2016-03-02 00:00:00

Professor Enamul Huq of the East West University and the present writer, undertook a study in the 1980s on impacts of tanneries on Hazaribagh areas of Dhaka city. The focus was invariably on the associated costs of water and air...

Big economies are ill-equipped for next emergency

Peter Thal Larsen | 2016-03-02 00:00:00

The world's economic powerhouses are poorly equipped to deal with the next emergency. That's the main lesson from the latest confab of leading central bankers and finance ministers in Shanghai (February 26-27). Though fears about an imminent crisis look premature,...