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Precious contraband may go into regional BB, Sonali Bank branches

Doulot Akter Mala | 2016-12-23 00:00:00

Seized precious contraband items can now be deposited on temporary basis with the regional branches of Bangladesh Bank or Sonali Bank with adequate security. The decision was made recently in a meeting at the National Board of Revenue (NBR) as...

Convert Tk 274b oil debt to state subsidy

Syful Islam | 2016-12-23 00:00:00

Bangladesh Petroleum Corporation (BPC) again pleaded for converting its Tk 274 billion oil debt to state subsidy, notwithstanding making hefty profit now on global market slump, officials said. The energy division last week forwarded a letter of BPC in this...

Review of road accidents needed

Nabil Azam Dewan | 2016-12-23 00:00:00

On Saturday morning, a local bus and another vehicle collided head-on on the Dhaka-Tangail Highway at Gazipur, leaving six passengers dead and nine others injured. Then a pick-up van overturned and collided with a bus in the very next morning...

All is not well on the employment front

Nilratan Halder | 2016-12-23 00:00:00

With the culmination of the Asia and the Pacific Decent Work Decade (ADWD) -- 2006-15, countries of the region are now taking a stock of their achievements made on their commitment they made at the 14th Asian Regional Meeting (AsRM)...

Agriculture and ecology

Abdul Bayes | 2016-12-23 00:00:00

Fragile ecosystems in Bangladesh comprise a substantial proportion of land and population. For example, the flood-prone ecosystem accounts for roughly one-thirds of the land area. The saline coast affects roughly one-fifths of the population and land. Thus two-thirds of population...

Economic goals: Surpassing China!

M. A. Taslim | 2016-12-22 00:00:00

The government appears to have committed itself to achieving two economic goals: (1) to graduate to a middle income country by 2021 and (2) to transform into a developed country by 2041. These are admirable goals to set for the...

Three listed cos raise Tk 3.66b through rights in 2016

Babul Barman | 2016-12-22 00:00:00

Three listed companies raised an aggregate amount of Tk 3.66 billion, including premium, in the outgoing calendar year from the capital market through rights issue. A rights issue is a method of raising capital where a company invites existing shareholders...

Hydrocarbon prospect in deep offshore areas of Bangladesh

Rezaul Kabir | 2016-12-22 00:00:00

Bengal delta is one of the active deltas in the world and Bangladesh is located within this deltaic region. Every year, numerous rivers flowing through Bangladesh carry a huge load of sediment and deposit them into the Bay of Bengal....

Bracing for another round of gas price-hike

Shahiduzzaman Khan in continuation of his analysis, 'Bracing for another round of gas price-hike', appearing on the front page of today's issue of The FE | 2016-12-22 00:00:00

Energy experts say the additional amount of money that is required to meet the expenses for increased salary of the government service-holders, can be collected from the surplus fund, now left idle with the gas companies.  The latter are not...

The international barriers to Trump\'s economic plan

Mohamed A. El-Erian in Dubai | 2016-12-22 00:00:00

US President-elect Donald Trump should have a relatively clear road ahead at home for the implementation of his economic program: with Republicans holding majorities in both houses of Congress, he seems likely to benefit from a break in the political...

Economic goals: Surpassing China!

M. A. Taslim in continuation of his economic analysis, appearing on the front-page of today's issue of the FE | 2016-12-22 00:00:00

Unlike the World Bank income classification, the United Nations (UN) considers several standards and sustainability related factors besides per capita gross national income (GNI) to classify countries. A least developed country (LDC) has to cross the threshold in respect of...

New drug policy and a few home truths

Shamsul Huq Zahid | 2016-12-21 00:00:00

It is a piece of welcome news that the cabinet in its last meeting approved the draft of the National Drug Policy that provides for the constitution of a national drug regulatory authority. The policy would soon be notified through...

Janata Bank to issue Tk 10b bonds to meet capital shortfall

Rezaul Karim | 2016-12-21 00:00:00

State-owned Janata Bank has decided to issue subordinated bonds worth Tk 10 billion to meet its capital shortfall, officials said. The second largest state-owned bank has recently sought approval from the ministry of finance (MoF) to issue the bonds, they...

Fund raising through IPOs remain slow in 2016

Babul Barman | 2016-12-21 00:00:00

Eight companies, mostly small ones, and three mutual funds (MF) raised an aggregate amount of Tk 8.49 billion through initial public offerings (IPOs) in the outgoing calendar year. Market insiders attributed the slow pace of collecting funds through IPOs to...

Deep Space Exploration poised to make a comeback

Zeenat Khan and Ferdous Khan from Maryland, USA | 2016-12-21 00:00:00

November 08, 2016 was a watershed day in US history. Contrary to all expectations, Donald J Trump won the US presidential election by winning the majority in the Electoral College count, although he was trailing the Democratic nominee, Hillary R...

Safety compliance in RMG industry beyond 2018

Md Shahidullah Azim | 2016-12-21 00:00:00

Over the last three years Bangladesh ready-made garment (RMG) industry has undergone a remarkable change in terms of safety compliance. Building, fire and electrical safety inspections in over 3700 factories have been completed under three initiatives namely Accord, Alliance and...

Exporting knowledge and technology

Saleh Akram | 2016-12-21 00:00:00

The statement made by the education minister the other day on export of technology may be far too optimistic considering the ground realities. But the intention behind it was innocuous and unquestionably honest. The minister said, it is time we...

Complexities of Middle East politics: Trump effect

Sayed Kamaluddin | 2016-12-21 00:00:00

Things are moving fast in the Middle East and it has seemingly coincided with the unexpected election of Donald Trump as the new US President last month. However, it is still not very clear if the changes that visibly surprised...

Bangladesh inching towards paperless trade

Asjadul Kibria | 2016-12-21 00:00:00

Reducing the cost of trade by reducing time and money is always an important matter in global trade. A simple but long-term solution is cutting the red tape along with introducing the electronic system for all kind business transactions. This...

MoU signing with UK firm today

Munima Sultana | 2016-12-20 00:00:00

Bangladesh Railway (BR) is set to sign a memorandum of understanding with a UK firm today to conduct a feasibility study on US$ 7.5 billion investment proposal for developing 240-kilometre rail link between Dhaka and Payra sea port. If the...

Indian PM\'s camp seeks support from Muslim women

Rupam Jain and Tom Lasseter of Reuters in Deoband, India | 2016-12-20 00:00:00

When Narendra Modi stood before faithful followers in October, on a stage swathed in the saffron colors of his Hindu nationalist movement, the Indian leader made an unexpected overture. "It is the responsibility of the government and people of the...

Addressing financial literacy: Strengthening efficiency of financial markets

Shah Md Ahsan Habib concluding his two-part write-up on Effective approach for training and capacity development of bank employees | 2016-12-20 00:00:00

Considering the priorities and challenges of Bangladesh banking sector, training and capacity development programmes demand attention in some critical areas.  In Bangladesh, availability of alternative jobs and growing number of banking and financial institutions are favourable factors for existing employees,...

Rural credit policies - a critique

Abdul Bayes | 2016-12-20 00:00:00

In Bangladesh, inception of the formal financial system for providing rural credit started with the establishment of the Agricultural Development Bank in the 1960s. Later, the government also encouraged commercial banks to set up branches in rural areas for financial...

Historical roots of the Victory Day

Helal Uddin Ahmed | 2016-12-20 00:00:00

An interesting aspect of Bangladesh's political history is that this place had assumed different names over time since the ancient era. Among the provinces which have been identified as habitats of the native people since the ancient days, only three...

SIM sale slump cuts tax from mobile companies

Doulot Akter Mala | 2016-12-19 00:00:00

Government's tax receipts from mobile-phone companies have dropped in the current fiscal year (FY) due mainly to a significant fall in sales of new SIM and replacements. Officials said the National Board of Revenue (NBR) had collected Tk 387 million...

Brahmaputra bridges\' cost to go up by 13pc

Talha Bin Habib | 2016-12-19 00:00:00

The government is set to raise the project cost by 13 per cent to over Tk 130 million for construction of two bridges over the River Brahmaputra in Jamalpur, officials said. Local Government Engineering Department (LGED) under the Ministry of...

Govt agencies continue drawing up plans for rly infrastructure dev

Munima Sultana | 2016-12-19 00:00:00

The government agencies other than railway have continued to draw up plans for railway infrastructure development, putting billion-dollar investment projects like Jamuna bridge at stake. Analysts said due to such kind of railway plans, Jamuna bridge known as Bangabandhu bridge...

Economic models and Startup culture

Shah Kamal Sohail | 2016-12-19 00:00:00

We have been exposed to two major economic models since the beginning of this century - Capitalism and Communism. Communism always intended to confront Capitalism by eliminating the latter's major pillar namely "Private Property" or "Corporations". And the rest is...

Honing skills of bank executives

Shah Md Ahsan Habib in the first of a two-part article titled Effective approach for training and capacity development of bank executives | 2016-12-19 00:00:00

Bank executives need to be up-to-date in knowledge, skills and capacity to address the growing challenges of the banking industry. As the banking industry has been experiencing continuous change, training and capacity development programmes also demand continuous alteration and tuning....

Murder of a Chinese businessman

Neil Ray | 2016-12-19 00:00:00

The murder of a Chinese businessman at Uposohor, Jessore could, once again, have brought to the fore the issue of security of life of foreigners in this country but for the nature of killing. Chang Hing Sang, an easybike dealer...