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83pc rise in capital machinery imports

Siddique Islam | 2016-12-09 00:00:00

The country's overall imports grew by 14.75 per cent in the first four months of the current fiscal year (FY), thanks to a jump by nearly 83 per cent in import of capital machinery, officials said. "The overall imports increased...

The future of migration governance

Md. Shahidul Haque | 2016-12-09 00:00:00

We live in a rapidly evolving, hyper-connected world, where goods, capital, and people are more mobile than ever before. But, whereas countries have shown a willingness to cooperate on exchanging goods and capital, the international community has shown little appetite...

Women\'s leadership in politics, development

S. M. Rayhanul Islam | 2016-12-09 00:00:00

Women's leadership role in political spheres as well as development activities remains a serious concern worldwide. Recognition of the importance of women's effective participation and representation in democratic processes has been widely acknowledged, and also that genuine democratic elections must...

Let justice be done in paracetamol case

Nilratan Halder | 2016-12-09 00:00:00

The furore over the acquittal of the accused in the Rid Pharma paracetamol syrup case is not for nothing. It is not the 'not guilty' verdict that is in question. In fact the flaws left rather deliberately by the investigating...

Competition Commission: Emerging challenges

Asjadul Kibria | 2016-12-09 00:00:00

As the world commemorated the World Competition Day on December 05, 2016, it is critical to note that four years after the enactment of the Competition Act-2012, the country has finally got its implementing agency, the Competition Commission. A chairman...

How to start a start-up

Naimul Kader | 2016-12-08 00:00:00

Start-ups are very different from regular companies. For a profitable start-up, one would need to have the centre of attention on four areas-- a great idea, a great product, an excellent team and a wonderful execution. One may fail as...

Govt ill-prepared to exact revenue gains

Doulot Akter Mala | 2016-12-08 00:00:00

The revenue department looks ill-prepared to exact due gains from the merger, acquisition (M&A) and sale of shares by foreign companies.        Senior tax officials admitted such a shortcoming and the urgency of equipping the tax department with adequate skilled manpower...

Tax receipts from DSE down 11pc in Jul-Nov

Babul Barman | 2016-12-08 00:00:00

The government revenue earnings from the premier bourse fell 11 per cent year-on-year in the first five months of the current fiscal year (FY) on the back of falling trade volumes. Market insiders said on the back of falling trade...

Reform -- key to double-digit growth

Sarwar Md Saifullah Khaled | 2016-12-08 00:00:00

Bangladesh Investment Development Authority (BIDA) maintains that reforms in several areas of the economy are necessary for achieving double-digit growth. The BIDA told the Business Initiative Leading Development (BUILD) on November 22, 2016 that identifying what is bad in order...

The win-win fantasy of liberal democracy

Kemal Dervis | 2016-12-08 00:00:00

Few analysts expected Britons to vote to exit the European Union (EU) or Americans to choose Donald Trump as their next president. Yet it did not take long for a consensus explanation of these miscalculations to emerge. When it comes...

Massive investment in infrastructure needed to end poverty

Muhammad Abdul Mazid | 2016-12-08 00:00:00

On September 25, 2015, the United Nations adopted a set of 17 goals to end poverty, protect the planet and ensure prosperity for all as part of a new sustainable development agenda. Over the next fifteen (2015-2030) years, with these...

Move to entice foreign cos into stock market

Rezaul Karim | 2016-12-07 00:00:00

The government is likely to sit with the representatives of foreign companies of the Export Processing Zones (EPZ) aiming to motivate them for listing these companies with the stock market, officials said. In a recent meeting on listing of the...

Power, people and bank-loan overload

Shamsul Huq Zahid | 2016-12-07 00:00:00

'Dhaka is Bangladesh', some people are often heard uttering this three-word sentence to express their disapproval of extreme concentration of administrative decision-making power in the country's capital city. It is not just power, yet another important element, money, without which...

Q1 NPLs with industries swell to Tk 239.97b

Siddique Islam | 2016-12-07 00:00:00

Classified loans in the industrial sector swelled by over 18 per cent or Tk 36.94 billion in the first quarter (Q1) of the current fiscal year (FY), proving the recovery drives by banks and financial institutions ineffective, to a great...

No Biman reply to SBC request on VAT

Syful Islam | 2016-12-07 00:00:00

Sadharan Bima Corporation (SBC) urged Biman Bangladesh Airlines (BBA) to pay outstanding VAT worth Tk 138 million on premiums immediately to help avert the insurer's account freeze by the revenue authority. However, sources said, Biman management is yet to respond...

\'Made in China\' 2025 plan

Li Yong | 2016-12-07 00:00:00

This year marks the 50th birthday of the United Nations Industrial Development Organization (UNIDO), which was established to help developing nations industrialize after their seats doubled in the UN thanks to the progress of the decolonization movement. As a staunch...

Challenges to achieving Sustainable Development Goals in Bangladesh

Helal Uddin Ahmed | 2016-12-07 00:00:00

After many global consultations, a resolution titled 'Transforming our World: the 2030 Agenda for Sustainable Development' was adopted by the UN General Assembly on September 25, 2015, heralding the commencement of yet another 15-year cycle of global development goals following...

Activism against gender-based violence

Plead eleven ambassadors and high commissioners in Bangladesh in a joint appeal | 2016-12-07 00:00:00

To all fathers, sons and husbands: Every daughter has a father; every son has a mother; every husband, a wife.  As daughters, mothers and wives, we call upon the men of Bangladesh to stand with the girls and women they...

The future of regional integration in South Asia

Selim Raihan | 2016-12-07 00:00:00

There is now convincing evidence that deeper regional integration is needed in South Asia for generating and sustaining economic growth, poverty alleviation, ensuring food security and larger participation in the global value chain. Furthermore, the peace dividends, through intra-country stable...

Remittances from major destinations on dive

Siddique Islam | 2016-12-06 00:00:00

Inward remittances from 13 major countries out of 18 marked a sharp fall so far in the current fiscal year against the corresponding previous period. Officials said the inflow of remittances from six Middle-Eastern countries along with two others dropped...

BD among top 10 receivers of legal financial transfer

Asjadul Kibria | 2016-12-06 00:00:00

Bangladesh stands 10th on a list of the developing countries classed as 'receivers of licit or recorded financial transfers' during 1980-2012, apart from witnessing substantial flight of capital. According to the findings carried in a new report of Global Financial...

Foreign workers in expressway project get income tax waiver

Doulot Akter Mala | 2016-12-06 00:00:00

Foreign workers in the Dhaka elevated expressway project will enjoy three years' tax exemption on their income received as salary and allowance from the project. The tax exemption will be considered to be effective from August 14, 2015 to 2018....

BSEC to revise corporate governance guidelines

Mohammad Mufazzal | 2016-12-06 00:00:00

The securities' regulator is set to introduce a provision, among others, of appointing at least one woman director in the companies' boards as part of women empowerment. The Bangladesh Securities and Exchange Commission (BSEC) is working to upgrade the mandatory...

\"China offers enlightenment for world\'s human rights undertakings\"

People's Daily of China | 2016-12-06 00:00:00

The Chinese government last Thursday issued a white paper on the right to development, expounding on its philosophy, practice and contribution in this field. By doing so, China is offering enlightenment for world's human rights undertakings, the People's Daily said...

Enabling environment for development partnership

Shamsul Alam | 2016-12-06 00:00:00

Aid flows made huge impact through the Marshall Plan of the US to reconstruct war-ravaged Europe immediately after World War II. After the war, the global political structure underwent change enormously. Having been freed from the shackles of colonialism, many...

China moves into Latin America in a big way

Sayed Kamaluddin | 2016-12-06 00:00:00

Latin America is not included in China's One Belt, One Road initiative, but Beijing seems to have surprised many observers by moving closer to the region to develop industrialisation and job creation for a win-win situation for all. It is...

Whither land tenancy arrangements?

Abdul Bayes | 2016-12-06 00:00:00

For ages, the predominant tenancy system in Bangladesh revolved round share-cropping. In economics discourse, the system is generally criticised for its inherent exploitative and anti-incentive syndromes. It is because the owner of the land shares one-half of output without paying...

NBR to import ECRs for VAT-evading businesses

Doulot Akter Mala | 2016-12-05 00:00:00

The National Board of Revenue (NBR) will import 10,000 electronic cash register (ECR) machines for installing in small and big businesses under a project meant for plugging tax evasion.   Officials said the digital cash registers will be supplied to the...

Interest rate spread falls to 4.7pc in Oct

Siddique Islam | 2016-12-05 00:00:00

Overall interest rate spread in the country's banking sector fell further slightly in October, as the commercial banks slashed their interest rates on lending more than on deposits, officials said. The weighted average spread between lending and deposit rates, offered...

Foreign fund in DSE jumps 792pc in 11 months

Babul Barman | 2016-12-05 00:00:00

Net foreign investment in stocks marked a significant jump for January-November period of 2016 compared to the same period a year ago, as overseas investors were anticipating a positive market scenario. Analysts said the favourable macroeconomic indicators coupled with stable...