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DNCC tames the defiant

Shamsul Huq Zahid | 2016-01-03 00:00:00

'Where there is a will, there is a way' is an opt-repeated adage. But, in Bangladesh conditions---both in political and social contexts---most people have lost faith in the saying. They argue that vested interests are so strong in all the...

New Year\'s Day celebration overshadowed

Neil Ray | 2016-01-03 00:00:00

The world has changed since the terror attack on Paris on November 13 last. Its lingering shadow has disrupted celebration of the New Year in cities across Europe. In Munich the yearly celebration was cancelled only hours before on receiving...

Canons of Adam Smith - a starting point for tax bargain

Ahmed Munirus Saleheen | 2016-01-03 00:00:00

Paradoxes and challenges ingrained in taxation prompted the classical economist Adam Smith to devise his famous canons of taxation in The Wealth of Nations. He said, "The subjects of every state ought to contribute towards the support of the government,...

Towards a more liberal capital account regime in Bangladesh

Ahsan H. Mansur and Muhammad Shafiullah | 2016-01-03 00:00:00

Bangladesh's economy faced several macro-financial developments, some of which are positive or virtuous and others are not so favourable, over the last fiscal year (FY) 15, namely: (i) the foreign exchange reserve hit a record high of US$25 billon in...

Handling banking risks in coming days

Md Al-Amin | 2016-01-03 00:00:00

Operational risk is one of three major risks being faced by the banks in addition to those in credit and market. Data at end-December 2014 indicated that the share of Risk Weighted Asset (RWA) assigned to operational risk was 9.0...

The scope of private sector investment in tourism industry

Md. Joynal Abdin | 2016-01-03 00:00:00

Bangladesh is a small but diversified and beautiful land in South Asia. It has green plain land, medium-height hilly range with evergreen trees, sandy sea beaches and the largest mangrove forest in its beauty basket. With such land diversity it...

Establishing a tax compliance covenant

writes Ahmed Munirus Saleheen in the first of a two-part article on the implications of tax bargain | 2016-01-03 00:00:00

The National Board of Revenue (NBR), the apex body responsible for the collection of tax revenue, has announced that it would organise 'Revenue Dialogue' with different segments of its stakeholders with a view to 'helping make people aware about the...

The scope of private sector investment in tourism industry

Md. Joynal Abdin | 2016-01-02 00:00:00

Bangladesh is a small but diversified and beautiful land in South Asia. It has green plain land, medium-height hilly range with evergreen trees, sandy sea beaches and the largest mangrove forest in its beauty basket. With such land diversity it...

Establishing a tax compliance covenant

Ahmed Munirus Saleheen | 2016-01-02 00:00:00

The National Board of Revenue (NBR), the apex body responsible for the collection of tax revenue, has announced that it would organise 'Revenue Dialogue' with different segments of its stakeholders with a view to 'helping make people aware about the...

Handling banking risks in coming days

Md Al-Amin | 2016-01-02 00:00:00

Operational risk is one of three major risks being faced by the banks in addition to those in credit and market. Data at end-December 2014 indicated that the share of Risk Weighted Asset (RWA) assigned to operational risk was 9.0...

Six private banks keen to set up clearing house

Munima Sultana | 2016-01-02 00:00:00

 As uniform tickets for all public transports are being planned in Dhaka city, six private banks have come forward to set up a clearing house to make the fare collection system workable. Dutch-Bangla Bank Ltd, BRAC Bank Ltd, Prime Bank...

BSC in a \'hurry\' to build ships with Chinese finance

Syful Islam | 2016-01-02 00:00:00

The Bangladesh Shipping Corporation (BSC) has started building six ships much ahead of signing of a deal with the Chinese financier allegedly to escape meeting compliance requirements, sources said. A delegation, led by BSC managing director H R Bhuiyan, attended...

Last week of 2015 sees positive trend

Babul Barman | 2016-01-02 00:00:00

Stocks edged higher on the last week of just concluded year as investors went on last session's buying spree amid positive expectations for the New Year. Analysts said despite sluggish turnover activities, the last session's buying enthusiasm on large-cap stocks...

The potential of Shariah-based syndication finance

Md. Touhidul Alam Khan | 2016-01-02 00:00:00

Syndicated Islamic Finance is growing at unprecedented levels. Syndication means joint financing by more than one bank/FI to the same borrower against common terms and conditions governed by a common document (or set of documents). It is a good avenue...

Basel III leverage ratio and trade finance

Najmul Karim | 2016-01-02 00:00:00

Basel is a lovely city of Switzerland situated on the river Rhine where Swiss, French and German borders meet. 'Basel' is famous to the banking community as banks are being guided by the Basel accords namely, Basel I (1998), Basel...

Crop diversity and yield: Field study clears misconceptions

Abdul Bayes | 2016-01-02 00:00:00

Since the advent of modern varieties (MVs) of rice in Bangladesh, the on-going debate has been that crop diversity has been adversely affected. Before that, farmers used to grow a variety of crops to help maintain ecological balance. In other...

Universities of the country

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

After the independence of Bangladesh in 1971, there were only four public universities and the government was not in a position to raise funds to establish and run an adequate number of universities for the growing number of students in...

Need for a sports university in Bangladesh

Iftu Ahmed from Aurora, IL, USA | 2016-01-02 00:00:00

My late father Illias Uddin Ahmed (1926-1987) had a dream to establish a sports university in Bangladesh. He was the sports legend of the country who obtained the first Bachelor of Physical Education degree in 1958 from the University of...

Chain shops are so only in names

Nilratan Halder | 2016-01-02 00:00:00

The concept of chain shops is not indigenous, it is imported from the West. Usually, a businessman used different names for two or more outlets if business flourished and had the money and manpower at his disposal. But still there...

BD\'s external trade sees favours, barriers

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

The country's overseas trade experienced both favours and barriers from external front in 2015, but ultimately the situation ended up with a positive note. In November, export earnings rose by 13.73 per cent to US$2.75 billion compared to the same...

Challenge lies on investment front

Asjadul Kibria | 2016-01-01 00:00:00

Boosting investment from the private sector is the main challenge in 2016, which also requires addressing the governance-related problems for ensuring 'feel good' factor for the investors. After passing a lacklustre period of investment in 2015, the new year comes...

Higher NPLs put pressure on banks’ profitability

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

Higher non-performing loans (NPLs) along with a falling trend in interest rate spread put pressure on overall profitability in the country's banking sector in 2015, bankers said Thursday. Large loan concentration and private sector foreign currency loan from overseas sources...

Stock market passes yet another dull year

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

Bangladesh's stock market has passed yet another gloomy year as trading activities were dull almost throughout 2015.   Different efforts, which were taken by the government and regulators to shore up the market in the past five years since debacle in...

Experts hail BSEC for strengthening capital market

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

The securities regulator worked in all major areas including reforms and enforcement actions in 2015 to strengthen the platform of the capital market, experts and official said. The major regulatory reforms made in 2015 include the amendments brought to Rules...

BBIN MVA a big step

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

The country's road transport and bridge sector in 2015 saw some historic initiatives and deals to foster regional connectivity. The just-concluded year began with efforts to sign the Motor Vehicle Agreement (MVA) among four South Asian nations after such an...

NBR struggles to mobilse targeted tax

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

The tax authority found it challenging to mobilise the expected level of tax despite devising a number of reform and administrative measures in 2015. The National Board of Revenue (NBR) is moving ahead with a Tk 1.76 trillion revenue target...

BD becomes middle-income country

Asjadul Kibria | 2016-01-01 00:00:00

Bangladesh has graduated from ‘lower income country’ to lower middle-income country (LMCI) category. It takes place in the middle of the outgoing calendar year 2015 when the World Bank (WB) unveils a new list of classifications of the countries. The...

Negatives eclipse telco, ICT achievements

Ismail Hossain | 2016-01-01 00:00:00

The telecommunication and ICT sectors passed a mixed year marking both the positive and negative events. The installation of a domestic communication satellite, biometric registration of mobile phone SIM cards, second submarine cable and export of bandwidth to India are...

Understanding our environmental challenges

Helal Uddin Ahmed | 2016-01-01 00:00:00

Degradation of the natural environment and its impact on human lives is now visible all over the world. As a densely populated country with limited natural resources, the situation in Bangladesh is even more precarious. Environmental pollutions, especially those linked...

Let 2016 be a defining year

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

The concept of a yearly cycle has gone through several modifications until it has assumed an acceptable frame in different lands, cultures and climes. Yet the most scientific and accurate count of a year has been made possible on the...