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BSC gets deferred payment facility for Ctg seaport use pending its fleet revival

Syful Islam | 2016-02-04 00:00:00

Bangladesh Shipping Corporation (BSC) has been given an opportunity to make deferred payment of all types of charges at Chittagong seaport for an indefinite period as part of government's move to help the state flag carrier sustain until its salvage,...

Inter-University Tech Fiesta 2016 held at KUET

Muhaiminul Islam Antik | 2016-02-04 00:00:00

'Make Your Vision Come True'- bearing this motto in mind, Inter-University Tech Fiesta 2016 was organised by the Department of Electrical and Electronic Engineering (EEE) at Khulna University of Engineering and Technology (KUET). It was a two-day long programme, held...

NBR collecting info on illegal foreigners

Doulot Akter Mala | 2016-02-03 00:00:00

The National Board of Revenue (NBR) has started collecting information of illegal foreign nationals staying in Bangladesh in a bid to check tax evasion. The tax authority has launched a move to find out whether the foreigners are paying income...

Remittance on downturn with 12pc fall in Jan

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

The inward flow of remittances has been on a downturn with the January receipts dropping more than 12 per cent, belying higher manpower export by official count. Official sources said remittance inflow even recorded an overall negative growth in the...

It’s gentleman’s word

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

The government in this part of the world, traditionally, is a bad manager. It has proved itself to be a bad accountant too, at least, in the matters of determining the power tariff. The government is forcing a section of...

Industrial clusters can help boost economic growth

Md. Joynal Abdin | 2016-02-03 00:00:00

Cluster development is considered as an effective tool for fostering economic growth and innovation. Industrial clusters serve as one of the most effective mechanisms for spurring income and employment growth especially by micro- small- and medium-sized enterprises. Industrially developed or...

Infrastructure projects: Keeping long-term benefits in view

Asjadul Kibria | 2016-02-03 00:00:00

There is currently a spree of construction of physical infrastructure in the country. The necessity of such infrastructure facilities is undeniable. But the construction processes of some of the projects are drawing criticism. The phenomenon is, however, not unique for...

A new economic paradigm - the New Pragmatism

says Grzegorz W. Kolodko in the first of his three-part public lecture titled 'Whither the World: The Political Economy of the Future' | 2016-02-03 00:00:00

The 12 Great Issues of the Future (GIF) address the challenging questions of long-term future of mankind and the global economy. Traditional, mainstream economics seems to be a matter of the past and useless for explaining the true nature of...

Newborn baby survives miraculously

[email protected] | 2016-02-02 00:00:00

A newborn baby has survived miraculously after his mother threw him to the ground from the third floor of a six-storey building at Ramna in the city on Monday, police said. According to Ramna Police Station, Beauty (15), daughter of...

BB sets its sights high on GDP growth

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

Country's gross domestic product (GPD) will continue to grow at a steady rate, averaging annually 7.0 per cent in the near to medium term, the central bank says in an upfront economic analysis. A spurt in domestic consumption and investment...

Dhaka to debate with New Delhi on subsidy for jute goods export

Syful Islam | 2016-02-02 00:00:00

Trade officials from Dhaka will attend a consultation meeting in New Delhi tomorrow (Wednesday) as the government of India has moved to slap anti-subsidy or countervailing duty (CVD) on import of jute goods from Bangladesh, officials have said. The Indian...

Biman faces difficulty in making PDP

Rezaul Karim | 2016-02-02 00:00:00

The authorities find it difficult to make pre-delivery payment against purchase of four 787-800 aircraft mainly due to non-availability of pledged funds from a Canadian financial agency, officials said. The problem has arisen after the government recently cancelled the loan...

Govt going to cut borrowing from banks to lowest level

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

The government is set to borrow Tk 12.50 billion from banks in February-the lowest single-month tally in the ongoing fiscal year-after slashing its target significantly for the last 13 days of January. Officials said the central bank had already announced...

Women in agriculture

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

National-level information on labour force participation is available from the Labour Force Survey conducted occasionally by the Bangladesh Bureau of Statistics. The latest survey conducted in 2006 recorded a civilian labour force of 49.5 million, 25 per cent of whom...

The three fears sinking global markets

Antole Kaletsky in London | 2016-02-02 00:00:00

January is usually expected to be a good month for stock markets, with new money gushing into investment funds, while tax-related selling abates at the end of the year. Although the data on investment returns in the United States actually...

Garment exporters seek separate channel for quicker external trade

Doulot Akter Mala | 2016-02-01 00:00:00

The apex apparel body sought an alternative customs channel as an emergency byway alongside the global Asycuda world system that repeated failed them in cargo shipment. Interruption in the system earlier had held back export and import trade through the...

\'Space Apartments\' offers niche services

Special Correspondent | 2016-02-01 00:00:00

'Space Apartments' offers a unique combination of a hotel cum residence. "As one of the first 'serviced apartments' of Bangladesh, we aim to maintain international standards in terms of its service and quality," Faatin Haque, one of the directors of...

TIB finds faults in RMG success, BGMEA rejects allegations

Sarwar Md. Saifullah Khaled | 2016-02-01 00:00:00

A Transparency Internati-onal Bangladesh (TIB) report released in Dhaka on January 14, 2016 alleges that grafts are galore in the Bangladesh readymade garment (RMG) sector supply chain. The report is based on a joint survey of the Bangladesh and German...

Social business: Goal of emancipating the youth

Lamia Mohsin | 2016-02-01 00:00:00

With a staggering workforce of approximately 70 million, it is unarguably prudent to ascribe, in terms of traditional economic jargon, that one of Bangladesh's biggest and most potent 'factor endowments' is indeed the abundant supply of labour, a lion's share...

Alauddin Khan\'s treasure burnt

Neil Ray | 2016-02-01 00:00:00

"They didn't know what they were destroying" is the reaction of a maestro of Indian classical music, Pundit Jasraj. Indeed, the burning down of Alauddin Khan Sangeetayan at Brahmanbaria has been nothing short of a sacrilege. Dedicated to the memory...

Milking the consumers, freely

Shamsul Huq Zahid | 2016-02-01 00:00:00

Consumers in Bangladesh are always at the receiving end. Almost everybody is out to milk them when it comes to fixing the prices of daily essential items. They might be wondering at times which one of the two systems---the all...

The invention of inequality

Antonio Foglia in London | 2016-01-31 00:00:00

Everyone seems to be talking about - and condemning - today's rising level of economic inequality. Fueled by jarring statistics like Oxfam's recent revelation that the world's richest 62 people own as much wealth as the poorest 3.6 billion, popular...

Generous tax incentives for PPP investors under NBR study

Doulot Akter Mala | 2016-01-31 00:00:00

A generous pack of tax incentives for the investors in public-private partnership (PPP) projects is under consideration of the revenue authority to facilitate execution of big infrastructure projects. Officials said the proposed incentives would be in the form of exemptions...

BBA still undecided on Chinese offer

Munima Sultana | 2016-01-31 00:00:00

The Bangladesh Bridge Authority (BBA) is yet to take a decision about a Chinese company that has showed interest in building the Dhaka-Ashulia Elevated Expressway due to confusion about its ability in constructing infrastructures. Sources said, following allegations against the...

All set to set up Samriddhi Sopan Bank

Rezaul Karim | 2016-01-31 00:00:00

The government is finally all set to establish the proposed Samriddhi Sopan Bank (SSB), which will mainly function for welfare of the government employees, officials said. Ministry of Public Administration (MoPA) will take necessary steps to set up the bank...

Green financing: Addressing environmental challenges and climate change

Azmina Azad and Saeba Ruslana Abedin | 2016-01-31 00:00:00

Throughout the 20th century, the tendency to exert a negative influence on ecology has reached a high level, resulting in a rapid increase in environmental pollution, greenhouse gases (GHG) emissions in the atmosphere leading to global warming and climate change....

Performance and prospects of Islamic banking in BD

Saeba Ruslana Abedin | 2016-01-31 00:00:00

Globally, Islamic finance has experienced rapid expansion over the past decade, growing at more than 10% annually. Today, Shari'ah-compliant financial assets are estimated at approximately US$2.0 trillion, covering bank and non-bank financial institutions, capital markets, money markets and insurance. A...

SEZs in Bangladesh: An evolutionary approach

Muhammad Abdul Mazid | 2016-01-31 00:00:00

The creation of Special Economic Zones (EPZs) by Bangladesh is mainly motivated by the desire to attract foreign direct investment (FDI). The benefits a company gains by being in an EPZ may mean it can produce and trade goods at...

Army likely to get work for train links through Padma Bridge

Munima Sultana | 2016-01-30 00:00:00

 The Bangladesh Railway (BR) is considering to engage the Army to facilitate train links between Dhaka and southwestern districts through the Padma Bridge in order that it could be opened on the day of the bridge's inauguration. Sources said the...

Banks trying to be innovative to employ their excess funds

Siddique Islam | 2016-01-30 00:00:00

Commercial banks are now diversifying lending portfolios to invest their excess liquidity in non-traditional business activities along with traditional ones, bankers said. The banks have adopted a new business strategy because of the increasing mismatch between deposit and lending. Deposit...