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Hectic efforts in Nairobi to strike WTO deal

Asjadul Kibria | 2015-12-19 00:00:00

NAIROBI, Dec 18: The members of the World Trade Organisation (WTO) were relentlessly trying to reach a consensus for adopting a ministerial declaration at the 10th ministerial conference of WTO in Nairobi, Kenya by Friday midnight (Kenyan time). But they...

Bourses witness bearish trend for the second week

Babul Barman | 2015-12-19 00:00:00

The bearish momentum extended for the second straight week in a row last week that ended Thursday as most of the investors were cautious amid lack of clear direction. Analysts said the downturn lingered amid lack of optimistic economic outlook...

Promoting \'culture of peace\' at home and worldwide

A. K. Abdul Momen | 2015-12-19 00:00:00

The government of Bangladesh under the leadership of Sheikh Hasina has rightfully taken a lead in the United Nations to inculcate a mindset of tolerance and respect for others irrespective of colour, ethnicity, religion or background as it believes that...

Money is a powerful spoiler

Nilratan Halder | 2015-12-19 00:00:00

When Tamim Iqbal, captain of the Chittagong Vikings, complained that the franchiser of another team verbally abused him at the time of his protest against the delay over tossing and the start of the match between the two teams, one...

Promoting \'culture of peace\' at home and worldwide

A. K. Abdul Momen | 2015-12-18 00:00:00

The government of Bangladesh under the leadership of Sheikh Hasina has rightfully taken a lead in the United Nations to inculcate a mindset of tolerance and respect for others irrespective of colour, ethnicity, religion or background as it believes that...

Hectic efforts on to bring a Nairobi declaration

Asjadul Kibria | 2015-12-18 00:00:00

NAIROBI, Dec 18: The delegates of the members of the World Trade Organisation (WTO) spent almost whole night for reaching a consensus to strike a deal at the 10th ministerial conference in Nairobi. Thursday night was tensed as draft text...

Move to bring LDC package for WTO’s ‘face-saving’

Asjadul Kibria | 2015-12-18 00:00:00

NAIROBI, Dec 17: As there is no sign of reducing the differences among the members of the World Trade Organisation (WTO) to reach a deal, a move to prepare a small package for the Least Developed Countries (LDCs) is the...

Mega RTAs become threat to WTO, Nairobi meet told

Asjadul Kibria | 2015-12-18 00:00:00

NAIROBI, Dec 17: Mega regional trading agreements (RTAs) have become a threat to the World Trade Organisation (WTO) as well as multilateral trade regime, observed many trade ministers and experts while talking on the current ministerial conference (MC10) here. Commerce...

BB buys $25m from two PCBs

Siddique Islam | 2015-12-18 00:00:00

The central bank has recently resumed purchasing the US dollar from the banks after an interval of nearly two months because of lower demand for the greenback in the market, officials said on Thursday. "We've started buying the US dollar...

Smoking in public transports

H M Al Imran Khan | 2015-12-18 00:00:00

The government has signed the Framework Convention on Tobacco Control (FCTC) in 2003 and accordingly formulated Smoking and Tobacco Products Usages (Control) Act in 2005. To meet the growing needs of the citizens and the urge to control the use...

Bangladesh poised to be next Asian Tiger

Nilratan Halder | 2015-12-18 00:00:00

Countries like Bangladesh usually want to hear words of praise from foreigners. Kaushik Basu, Chief Economist of the World Bank is not a foreigner of the Western stock but he more than makes up for the lacking by heading the...

How the fed just reduced inequality

Alexander Friedman in New York | 2015-12-18 00:00:00

The US Federal Reserve has finally done it, raising interest rates for the first time in almost a decade. The ramifications for interest-rate spreads, emerging-market equities, and housing demand, among much else, are the subject of widespread debate. But, as...

Explaining the reduction in rural poverty

write Abdul Bayes, Mahabub Hossain and Mahfuzur Rahman | 2015-12-18 00:00:00

There is very little disagreement to the observation that the incidence of poverty in Bangladesh has declined as per both upper and lower poverty lines. Rural poverty has declined but at a slower pace than urban poverty. Sitting on the...

Establishing peace and stability in interdependent global world

writes A. K. Abdul Momen in the first of a two-part article | 2015-12-18 00:00:00

When the Gulf War was launched, nearly 200,000 Bangladeshi expatriate workers were dislodged and many had to be repatriated back home. Same was the case when the Libyan uprising started.  Bangladesh had to repatriate nearly 30 or 40 thousand of...

How the fed just reduced inequality

Alexander Friedman | 2015-12-17 00:00:00

The US Federal Reserve has finally done it, raising interest rates for the first time in almost a decade. The ramifications for interest-rate spreads, emerging-market equities, and housing demand, among much else, are the subject of widespread debate. But, as...

Explaining the reduction in rural poverty

Abdul Bayes, Mahabub Hossain and Mahfuzur Rahman | 2015-12-17 00:00:00

There is very little disagreement to the observation that the incidence of poverty in Bangladesh has declined as per both upper and lower poverty lines. Rural poverty has declined but at a slower pace than urban poverty. Sitting on the...

Establishing peace and stability in interdependent global world

A. K. Abdul Momen | 2015-12-17 00:00:00

When the Gulf War was launched, nearly 200,000 Bangladeshi expatriate workers were dislodged and many had to be repatriated back home. Same was the case when the Libyan uprising started.  Bangladesh had to repatriate nearly 30 or 40 thousand of...

Smoking in public transports

H M Al Imran Khan | 2015-12-17 00:00:00

The government has signed the Framework Convention on Tobacco Control (FCTC) in 2003 and accordingly formulated Smoking and Tobacco Products Usages (Control) Act in 2005. To meet the growing needs of the citizens and the urge to control the use...

Bangladesh poised to be next Asian Tiger

Nilratan Halder | 2015-12-17 00:00:00

Countries like Bangladesh usually want to hear words of praise from foreigners. Kaushik Basu, Chief Economist of the World Bank is not a foreigner of the Western stock but he more than makes up for the lacking by heading the...

Mega RTAs become threat to WTO, Nairobi meet told

Asjadul Kibria | 2015-12-17 00:00:00

NAIROBI, Dec 17: Mega regional trading agreements (RTAs) have become a threat to the World Trade Organisation (WTO) as well as multilateral trade regime, observed many trade ministers and experts while talking on the current ministerial conference (MC10) here.  Commerce...

Poor tax-GDP ratio due to failure to use revenues for public services

FE Online Report | 2015-12-17 00:00:00

Failure to use tax revenues for public services, unfair enforcement and widespread corruption have been identified in a study as the main factors for the country’s prevailing poor tax-GDP ratio. Besides, tax exemptions and evasions in general are also responsible...

Dhaka stocks break losing spell

FE Online Report | 2015-12-17 00:00:00

Dhaka stocks edged higher Thursday, snapping a week-long downward trend, after witnessing volatility throughout the session. The prime index of the Dhaka Stock Exchange (DSE) went up by 6.90 points or 0.15 per cent to settle at 4,520.87. The DS30...

BD for firm commitment, actions to forward LDCs\' trade interests

Asjadul Kibria | 2015-12-16 00:00:00

Nairobi, Dec 16: Commerce Minister Tofail Ahmed has asked the developed and developing countries to make 'firm commitment' for ensuring the trade interests of the least developed countries (LDCs) including Bangladesh under the framework of World Trade Organisation (WTO). "We...

‘Export or Perish’

Shamsul Huq Zahid | 2015-12-16 00:00:00

Bangladesh is now recognised as an important player in the global apparel trade. The value of its annual apparel export is around $25 billion. The industry people are hopeful about fetching twice that amount in just six more years. Though...

WTO confce starts with call to bridge gaps

Asjadul Kibria | 2015-12-16 00:00:00

NAIROBI, Dec 15: With a call to flexibility in talks for making a deal in multilateral trade regime, the 10th Ministerial Conference (MC10) of the World Trade Organisation (WTO) formally started in Kenya on Tuesday afternoon. President of Kenya Mr...

Slamming the door in the face of refugees

Maswood Alam Khan from Maryland, USA | 2015-12-16 00:00:00

More than 250,000 people have died since the violence broke out in Syria in 2011, and at least 11 million people in the country of 22 million have fled their homes. Syrians are now the world's largest refugee population, according...

Toward a Green New Deal: Public and private sectors join hands

Mariana Mazzucato in London | 2015-12-16 00:00:00

The global agreement reached in Paris last week is actually the third climate agreement reached in the past month. The first happened at the end of November, when a group of billionaires led by Bill Gates, Mark Zuckerberg, and Jeff...

Capital transfer—the blind leads the blind

Syed Ashraf Ali | 2015-12-16 00:00:00

The print and electronic media are once again abuzz on a report from Washington-based research organisation named Global Financial Integrity (GFI) regarding $9.66 billion illegally transferred from Bangladesh in 2013. An English daily, known for its penchant for sensationalising ordinary...

Whither rural financial market?

Abdul Bayes | 2015-12-16 00:00:00

In a regime of unequal ownership of land and inequitable social structure, institutional credit is likely to reach larger farmers first ignoring the poorer ones despite their dire needs for adoption of input-intensive modern agricultural technologies. As a  consequence, differentiation...

BNP won’t back off from polls this time: Fakhrul

‘Contesting polls in alliance’ | 2015-12-15 00:00:00

BNP acting secretary general Mirza Fakhrul Islam Alamgir said on Tuesday their party will remain active during the municipal elections until the results are announced, reports UNB. “Many people ask us whether we’ll boycott municipal polls halfway through. We would...