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Draft road transport law goes to cabinet soon

Munima Sultana | 2017-02-17 00:00:00

A draft on the proposed road transport law has been made ready to place before the cabinet soon. Officials at the Ministry of Road Transport and Bridges (MoRTB) expected that it would be sent to the cabinet by this month....

UN scholar lays thrust on investment in human capital, physical infrastructure

Asjadul Kibria | 2017-02-17 00:00:00

Professor Sakiko Fukuda-Parr is currently teaching International Affairs at The New School in New York and is serving as the Vice-Chair of the UN Committee for Development Policy (CDP). Her works cover poverty, inequality, development, globalisation, human rights, MDGs and...

BFTI limping with fund, manpower shortage

Talha Bin Habib | 2017-02-17 00:00:00

The Bangladesh Foreign Trade Institute (BFTI) could not perform at its desired level since its inception due to lack of some logistic supports, officials said. They attributed this to shortage of manpower/ expertise and inadequate financial support. Leaders of different...

Bangladesh - a secular state

Mir Mahboob Ali | 2017-02-17 00:00:00

There is a raging debate as to the congruity of keeping Secularism and Islam in the Constitution. We need to understand that a secular state does not need to be a state without religion. Listen to the Father of the...

Perennial problem of question paper leak

Nilratan Halder | 2017-02-17 00:00:00

The news on the arrest of six students of different polytechnic institutes on Sunday last allegedly for their involvement in question paper leak is ambivalent. Its contention is that they used the messaging site Whatsapp to circulate fake question paper...

Ekushey: The ever-inspiring spirit

Muhammad Abdul Mazid | 2017-02-17 00:00:00

Sixty five years  ago, in 1952, the language movement catalysed the assertion of Bengali national identity in the then Pakistan, and became a forerunner of Bengali nationalist movements, including the emerging awareness of self rule in 1954 general election, student...

Fulfilling MENA sovereign wealth funds\' promise

Alissa Amico in Dubai | 2017-02-17 00:00:00

A decade ago, sovereign wealth funds (SWFs) from the Middle East and North Africa (MENA) were the behemoths arriving on the global financial scene. Funds like the Qatar Investment Authority (QIA) grabbed headlines as they gobbled up assets - including...

ERD officials in Beijing to discuss Exim Bank loan

Munima Sultana | 2017-02-16 00:00:00

A delegation of the Economic Relations Division (ERD) is now in China to untie a knot in financing of the costly Padma Bridge rail link project created due to long silence of the Chinese government, officials said. The US$3.14 billion...

NBR out to locate 16 WB ex-staff cars

Doulot Akter Mala | 2017-02-16 00:00:00

Customs intelligence launched a hunt for seizing 16 duty-free cars imported by former employees of the World Bank (WB) under a facility enjoyed by privileged persons, including diplomats.   Officials said the customs intelligence and investigation directorate (CIID) Wednesday sent in...

Customs intel men allegedly harass Pangaon ICT users

Syful Islam | 2017-02-16 00:00:00

Users of the Pangaon Inland Container Terminal (ICT) are allegedly being harassed by the customs intelligence officials in the name of physical re-checking of goods which is identified as one of the reasons behind the terminal remaining not fully functional,...

Global economic integration under threat: Bangladesh needs to be proactive

Md. Joynal Abdin | 2017-02-16 00:00:00

Economic integration is a process of harmonising trade and investment-related policies and reducing/withdrawing tariff and other non-tariff trade and investment barriers between two or more countries. The 1947 General Agreement on Tariffs and Trade (GATT) is the mother of almost...

Energy sustainability - a critical issue

Shah Md Ahsan Habib concluding a two-part article on 'Financing and investment challenges of renewable energy and energy efficiency' | 2017-02-16 00:00:00

The Bangladesh Bank has set a minimum  target  of  green  finance  at  5.0 per cent  of  the  total  loan  disbursement of banks but green finance as percentage of total loan disbursement from 2015 and onwards  has remained at a very...

Five challenges the emerging market policymakers face

Asjadul Kibria | 2017-02-16 00:00:00

The meeting of the Asia-Pacific Business Forum (APBF) held in Dhaka last week received significant attention from international quarters. During the February 08-09 event, PricewaterhouseCoopers (PwC), a London-based multinational services network, released its latest update of its flagship report titled...

Online payment platform of NBR fails to attract taxpayers

Doulot Akter Mala | 2017-02-15 00:00:00

The National Board of Revenue (NBR) could not develop an e-payment system suitable for paying large amount of tax online in about five years since introduction of a platform. The platform is capable only to perform small amount transactions. The...

Minimum tax and & \'C2C\' Business

Ali Ahmed | 2017-02-15 00:00:00

The Finance Act 2017 imposed a crippling burden on Company-to-Company (C2C) business with far-reaching consequences. It makes inter-company linkage transaction costlier that will ultimately force thousands of packaging and supporting industries to cut down their business as well as thousands...

A carrot and stick policy for Bangladesh batsmen

M. Serajul Islam | 2017-02-15 00:00:00

At the start of the fifth day's play in the Bangladesh-India Test match in Hyderabad, Ravi Sastri and Scott Styris, the former New Zealand Test cricketer, predicted even the precise time of the Indian win. Ravi Sastri predicted the Indian...

NPL creates credit crunch situation

Mohd. Jamil Hossain concluding a two-part article on NPLs | 2017-02-15 00:00:00

One of the most important tasks of banks today is follow-up and supervision of the credit provided. A large number of borrowers from different sectors of the economy are being financed and consequently the supervision of bank credit becomes more...

Huge investment needed to fill up infrastructure gaps in energy sector

Shah Md Ahsan Habib in the first of a two-part article on 'Financing and investment challenges of renewable energy and energy efficiency' | 2017-02-15 00:00:00

Producing Renewable Energy (RE) and improving energy efficiency (EE) are two key areas for energy sustainability and policymakers of both developed and developing countries are increasingly focusing on the issues. In most economies of the world, growth is surpassing the...

Padma Bridge progress comes under question

Munima Sultana | 2017-02-14 00:00:00

Execution progress on the Padma Bridge stands far behind the target that prompted the government to initiate reappraisal of performances of the mega-project's two foreign contractors, sources said. They said the stocktaking move stemmed from concerns of the project authorities...

FSG under formation for financial crisis resolution

Syful Islam | 2017-02-14 00:00:00

Financial Stability Group (FSG), an apex body comprising all financial-sector regulators, comes up soon for dealing with possible financial shocks, officials said. Headed by the finance minister, the FSG will analyse periodically such factors as may affect the financial stability...

White House official attacks court after legal setbacks on immigration

Doina Chiacu and Julia Harte of Reuters in Washington | 2017-02-14 00:00:00

A White House official on Sunday attacked a US court ruling that blocked President Donald Trump's executive order on immigration as a "judicial usurpation of power" and said the administration was considering a range of options, including a new order....

NPLs: Re-scheduling cannot be an end in itself

Mohd. Jamil Hossain in the first of a two-part article on NPLs | 2017-02-14 00:00:00

Investments and savings are essential preconditions for economic development of a country. As a developing country, Bangladesh is confronted with several problems that are pulling back its expected growth such as culture of bad loans and underdeveloped capital market. The...

On health and nutrition

Abdul Bayes | 2017-02-14 00:00:00

A conference titled 'Delivering for Success at Scale' was recently held in Dhaka. Jointly organised by the Institute of Development Studies (IDS), International Centre for Diarrhoeal Disease Research, Bangladesh (iccdr.b), and the Bangladesh Rural Advancement Committee (BRAC). The meeting was...

Traders to get honour cards from next year

Doulot Akter Mala | 2017-02-13 00:00:00

Compliant businesses will receive honour cards, involving various financial, legal and social benefits, on regular submission of their Value Added Tax (VAT) returns under the new VAT law. The Vat and Supplementary Duty (SD) Act 2012, to be effective from...

Slum-dwellers: Creating scopes for their social inlcusion

Muhammad Iqbal Hossain | 2017-02-13 00:00:00

  Danish-American social reformer Jacob August Riis (1849-1914) once said, "The slum is the measure of civilization." Despite the world's radical progress, the slums exist and so do the dwellers within. Rest of the humanity should contribute to the betterment of...

Harnessing the hope of social science

Helga Nowotny in Vienna | 2017-02-13 00:00:00

In his opening address at the 2016 Nobel Prize Award Ceremony, Nobel Foundation Chairman Carl-Henrik Heldin drew parallels between our current milieu and the late nineteenth-century world in which Alfred Nobel lived and worked. Nobel's era was one of rapid...

Mugging now more daring

Neil Ray | 2017-02-13 00:00:00

Muggers are on the prowl with malevolent intention. For quite sometime they remained inactive. Now these criminal gangs seem to have stepped up their activity with renewed vigour. In the past week alone muggers carried out three operations -all in...

Raw deal for small and marginal farmers

Shamsul Huq Zahid | 2017-02-13 00:00:00

That the majority will get less and the minority more has become more of a rule in this part of the world. This is proved to be true in the distribution of subsidised farm inputs and disbursement of loans among...

Rail development recipe derails

Munima Sultana | 2017-02-12 00:00:00

Bangladesh Railway reels from dilemmas with its nine ongoing and new study projects pending with the Planning Commission for long awaiting approval, officials said. They said many of these projects have been pending for over six months although the project-evaluation...

Five months\' tax collection 8.11pc behind target

Doulot Akter Mala | 2017-02-12 00:00:00

Government revenue receipts in July-November period amounted to Tk 639.20 billion, 8.11 per cent short of the target for the period by official count.    The target was Tk 695.64 billion for this period of first five months of the current...