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Letting the economy be truly shiny

Shamsul Huq Zahid | 2016-01-25 00:00:00

Doing business is considered a difficult job in Bangladesh and a host of factors are held responsible for it. But, if not other areas, trading seems to be the easiest of all business avenues. That is why trading remains at...

Biman and BRTC: Victims of same maladies

Sarwar Md Saifullah Khaled | 2016-01-24 00:00:00

Most of the state-owned enterprises (SoEs) have become losing concerns mainly due to politicisation and corruption. The administrative interference in running their businesses is also responsible for the losses in the SoEs. Biman Bangladesh and Bangladesh Road Transport Corporation (BRTC)...

Mastering the Fourth Industrial Revolution

Larry Hatheway in London | 2016-01-24 00:00:00

Technological innovation has long triggered diametrically opposed reactions: awe of new possibilities for some; for others, fear of disruptive change. But most of us don't even realise what is happening. We take change for granted. Human ingenuity is far too...

Monetary policy for sustainable economic growth

Naim Suzon, Saiful Munna and Mamun Joy | 2016-01-24 00:00:00

The central bank has come up with the new Monetary Policy Statement (MPS) for the second half of the fiscal year 2016 (MPS H2, FY2016) recently. It is a policy instrument of the Bangladesh Bank (BB) for achieving price stability...

BD begins remaking shipping laws ahead of IMO audit

Syful Islam | 2016-01-23 00:00:00

The government has started updating shipping laws to comply with various conventions of the International Maritime Organisation (IMO) as the global body will conduct a mandatory audit for the first time in Bangladesh next year, officials said. A project titled...

BB battling rumours

Rezaul Karim | 2016-01-23 00:00:00

The authorities concerned are facing an embarrassing situation following a rumour over exchange of existing circulated coins, sources said. A problem has arisen over transactions of coins across the country. The central bank has received a lot of allegations against...

Move underway to assess cost afresh

Munima Sultana | 2016-01-23 00:00:00

A move is underway to make fresh assessment of the cost of the proposed 172-kilometre new rail track project designed to connect Jessore with Dhaka through the Padma Bridge. An inter-ministerial meeting held on January 10 last decided to conduct...

Many individuals, businesses ignore digital tax identity

Doulot Akter Mala | 2016-01-23 00:00:00

Many business entities and companies in the country shun obtaining eTIN (electronic taxpayer identification number), ultimately resulting in a yawning gap between the potential and the actual receipt of tax revenue.    Officials said such large-scale dodging of digital tax identity...

Stocks snap three-week gaining spell

Babul Barman | 2016-01-23 00:00:00

Stocks witnessed a marginal correction last week that ended Thursday, snapping a three-week gaining spell, as risk-averse investors went for short-term profit booking. Analysts said the market exhibited choppy trading almost throughout the week as most of the investors were...

Maulana Bhashani: The lighthouse of a nation\'s journey to emancipation

Mostafa Jamal Haider | 2016-01-23 00:00:00

Maulana Abdul Hamid Khan  Bhashani returned to Bangladesh from exile on January 22, 1972. It was not a very pleasant and colourful home-coming amid resounding applause. But for a student of contemporary history of Bangladesh politics it was no less...

Paradigm shift for coping with climate change

Sarwar Md Saifullah Khaled | 2016-01-23 00:00:00

Climatic change forms human destiny at large and countries with coastal proximity are in particular destined to pay the most perennially for little fault of their own. Bangladesh is among the most climate vulnerable ones, so its climate cost is...

Importance of insurance in sea-borne trade

ABM Ahsanullah | 2016-01-23 00:00:00

In our ocular vision, we see import and export made on C&F (Clearing & Forwarding), CIF (Cost, Insurance and Freight) or FOB (Free On Board) basis, that are the core methods of sea-borne trade. The shipping industry is solely responsible...

Fish fairs for sons-in-law

Nilratan Halder | 2016-01-23 00:00:00

People in this part of the world have developed a rich culture and tradition. Once they had ample leisure time and they used it for collective entertainment. It is not for nothing that a proverb was in currency to the...

Quest to tear down statues over racism is intellectually vapid

John Lloyd | 2016-01-23 00:00:00

The late 19th century was a great age for putting up statues, and the early 21st, for pulling them down. As the states of the European empires gained their independence, the statues and other memorials of their colonial masters came...

Looking ahead in the new year: Need for a coordinated effort

Saleh Akram | 2016-01-23 00:00:00

Most of 2015 passed away amid violence and disorder across the world as we witnessed uncertainties in political and economic fields. The developed countries sank into unforeseen depression that seriously shook the economies for the worse. Year 2016, however, dawned...

Is Donald an unsettling factor for Republican party?

M Serajul Islam | 2016-01-23 00:00:00

The political conversation in Dhaka now is a lot about the US presidential election. Many are excited that Bernie Sanders is catching up with the former Secretary of State and First Lady Hillary Clinton. But the fact that Donald Trump...

Govt plans to raise funds for new power projects

Mohammad Mufazzal | 2016-01-22 00:00:00

The government has planned to utilise external and internal sources in a bid to finance new electricity generation and distribution projects, officials said. As part of its plan for future power projects, the government wants to generate a substantial amount...

BB buys $2.25b from banks so far this FY

Siddique Islam | 2016-01-22 00:00:00

The central bank is continuing purchasing the US dollar from the banks to help keep the inter-bank foreign exchange (forex) market stable, and the amount has crossed US$2.25 billion so far this fiscal year (FY), 2015-16, officials said. Under the...

Developing a sustainable waste management system

Knodaker Golam Moazzem concluding his two-part article | 2016-01-22 00:00:00

Bangladesh should explore an effective operational framework for sustainable waste management. Such a management should target reaching towards waste minimisation in the long run through different means which include waste disposal, waste processing and waste recycling. Since waste management is...

Sixty-two equal to 3.5 billion

Nilratan Halder | 2016-01-22 00:00:00

Simple arithmetic hardly sets sums for students, even in hypothetical terms, where the number 62 is equal to 3.5 billion. But in real world, one such equation exists right now. Only 62 richest people in the world today own as...

The maligned marriage

Abdul Bayes | 2016-01-22 00:00:00

Paradoxes seem to be the order of the day in  the South Asian region. Perhaps the oldest one is that high per capita income co-exists with high malnutrition, and famine does with availability of food.  Amid celebration of development decades,...

The underbelly: Changing trajectory of economic behaviour

writes Imtiaz A. Hussain in the second of a three-part series on the Fourth Industrial Revolution | 2016-01-22 00:00:00

Economic disruption has long been the underbelly of technological changes: not all of them can be traced to an innovation, indeed, not all technological changes produce economic disruptions. Yet, the few occasions of economic disruption directly aligning with technological changes...

‘One card for all public transports’ in 3-4 months

Munima Sultana | 2016-01-21 00:00:00

The government has approved the design of integrated circuit (IC) cards, the first of its kind, to introduce 'one card for all public transports' in next three to four months. Official sources said the IC card, which has been named...

Plastic waste management: In search of an effective operational framework

writes Khondaker Golam Moazzem in the first of a two-part article | 2016-01-21 00:00:00

Bangladesh's development trajectory in the future will hinge, among others, on sustainable industrial development. This is also highlighted in "2030 Sustainable Development Agenda" under a number of goals and targets (Goals are 6, 11 and 12). Management of environmental pollution,...

Challenge to enhance domestic demand

Anwar Faruq Talukder | 2016-01-21 00:00:00

The country's economy is passing through a favourable time for the last two years. The think-tanks are expecting good days ahead. The country has been achieving above 6.0 per cent growth for the last consecutive five years, which is a...

Govt bank borrowing target for January gets deep cut

Siddique Islam | 2016-01-20 00:00:00

Bankers raised their eyebrows as the government slashed its bank borrowing target nearly 59 per cent for the last 13 days of this month. Officials said the deep cut came despite a negative trend in such borrowing in the first...

Battle is out in the open

Shamsul Huq Zahid | 2016-01-20 00:00:00

The Bangladesh Bank (BB), the banking sector regulator, has apparently got a tough client to handle. Never before, a bank or a financial institution took the BB to the court of law for imposing fine. The Farmers Bank Limited (FBL),...

Saif Powertec inks business deal with Ctg Port Authority

FE Online Report | 2016-01-20 00:00:00

Saif Powertec, a listed company on the stock markets, Monday signed a contract with Chittagong Port Authority (CPA) for three years period. Under the agreement, the company will appoint a contractor for supply and booking for cargo handling, container stuffing/un-stuffing,...

2016—a year of boom or gloom in world economies?

M Jalal Hussain | 2016-01-20 00:00:00

The global economy had seen continuous slide in oil price in the international market in 2015. Political tumults in different countries also took a heavy toll. Bangladesh, the most populous country in the world, had to face in the early...

Opportunities for merchant banking in Bangladesh

Rayhan Alam | 2016-01-20 00:00:00

Simply speaking, Merchant Banking (MB) refers to company/industries' development. Merchant Bankers can play a pivotal role in serving the nation by generating/increasing production, employment, and earning foreign currency as well as improving the foundation of capital market through equity investment/equity...