Big biz opens up as govt to allow long liners for Bay tuna catch

The government is set to allow 10 private long-liner operators to catch tuna and tuna-like species in deep sea at the Bay of Bengal to utilise marine resources. The Fisheries Department has asked local entrepreneurs to apply for the licence...

BSEC to sign MoU with SEBI Nov 22

Bangladesh Securities and Exchange Commission (BSEC) will sign a memorandum of understanding (MoU) with the Securities and Exchange Board of India (SEBI) on November 22 to exchange views and experiences between the regulatory bodies of the two countries, officials said....

Social protection: Focus shifts from relief to development

Bangladesh achieved its independence through the supreme sacrifice of three million people with the vision of creating an equitable society free from exploitation, poverty, hunger and deprivation. The Constitution of the People's Republic of Bangladesh, adopted within one year of...

Remittances and poverty alleviation

As a livelihood strategy, overseas employment has duly drawn the attention of academics and policy-makers as it is crowned as a driver of economic growth. The role of remittances in Bangladesh's growth and development needs no elaboration as two Rs...

Voices of peace be louder than voices of terror

The Friday killing in Paris of innocent people driven by a twisted ideology has darkened the skies of the world. Once again, humanity faces shock, confusion, fear, anger, grief and defiance. It is clear the terrorists are now bent on...

Trafigura awarded order to purchase BPC\\\'s natural gas condensate

Trafigura, a Singapore-based firm, has been awarded the tender by state-run Bangladesh Petroleum Corporation (BPC) to purchase 120,000 barrels of natural gas condensate (NGC) for delivery during November 22-24 on FOB (free on board) basis from Chittagong port, a senior...

China looks for European partners

The recent visits of German Chancellor Angela Merkel to China and of Chinese President Xi Jinping to Britain clearly marked a new era in Sino-EU relations. As many as 13 deals were finalised during Merkel's visit which was her eighth...

Voices of peace be louder than voices of terror

The Friday killing in Paris of innocent people driven by a twisted ideology has darkened the skies of the world. Once again, humanity faces shock, confusion, fear, anger, grief and defiance. It is clear the terrorists are now bent on...

Remittances and poverty alleviation

As a livelihood strategy, overseas employment has duly drawn the attention of academics and policy-makers as it is crowned as a driver of economic growth. The role of remittances in Bangladesh's growth and development needs no elaboration as two Rs...

DSE, CSE open higher

Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) saw positive trend in early hour of trading on Monday, the second day of the week. DSEX, the prime index of the DSE, went up by 34.58 points or 0.78 per...

Procedural lapses stymie the operation of special tribunal on capital market

Some procedural complexities have slowed the rate of transferring the share scam cases to the Special Tribunal on Capital Market from the upper court, officials said. As a result, the tribunal may sit idle unless the flow of transferring capital...

Scientific farming can fetch Tk 10b more from shrimp export: Experts

Backward infrastructure, little access to finance and non-adoption of scientific methods have deprived the country of more than Tk 10 billion it could earn from shrimp export, experts and industry insiders said. They urged the government to improve infrastructure including...

Process on to revise rates of cash incentives on frozen shrimp export

A process to revise the rates of cash incentives on export of frozen shrimp is underway aiming to boost export earnings from the sector, officials said. "The government is considering revising the rates of cash incentives on export of the...

Climate change will throw more people into poverty

On November 08, 2015 the World Bank said that climate change could drive over 100 million people more into poverty by 2030 in absence of right policies to keep the poor safe from extreme weather and rising sea level. In...

China\\\'s unwilling consumers

For several years, Chinese leaders have been pursuing economic "rebalancing." The country's longstanding growth model, based on investment and exports, is to be replaced by one based on services and domestic consumption. It's a necessary transition for China. Unfortunately, consumption-led...

Restoration of Buriganga remains illusive

The recent drive against illegal structures along the bank of the Buriganga and its extension, as suggested by the highest quarters, to the bank of River Meghna apparently gives a positive impression. But it is a false impression. Encroachment on...

TRIPS exemptions and beyond

The stakeholders concerned were hopeful that there would be an extension of drug patent exemption for least developed countries (LDCs). But the duration of the extension -- 17 years -- and the possibility of a further extension must have come...

China\\\'s unwilling consumers

For several years, Chinese leaders have been pursuing economic "rebalancing." The country's longstanding growth model, based on investment and exports, is to be replaced by one based on services and domestic consumption. It's a necessary transition for China. Unfortunately, consumption-led...

Climate change will throw more people into poverty

On November 08, 2015 the World Bank said that climate change could drive over 100 million people more into poverty by 2030 in absence of right policies to keep the poor safe from extreme weather and rising sea level. In...

Restoration of Buriganga remains illusive

The recent drive against illegal structures along the bank of the Buriganga and its extension, as suggested by the highest quarters, to the bank of River Meghna apparently gives a positive impression. But it is a false impression. Encroachment on...

TRIPS exemptions and beyond

The stakeholders concerned were hopeful that there would be an extension of drug patent exemption for least developed countries (LDCs). But the duration of the extension -- 17 years -- and the possibility of a further extension must have come...

DSE, CSE open positive

Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) saw positive trend in early hour of trading on Sunday, the opening day of the week with slight volatility. DSEX, the prime index of the DSE, went up by 6.71 points...

Why we need a policy to tap human capital

In Economics, the word "Capital" denotes a collection of things very impersonal, like "Produced Factors of Production" (Economics) or "Finances for Acquiring Means of Production". But if we look at the origin, the word capital came from the Latin word...

Agriculture in media: Stay tuned!

Would you believe if I tell you Amitabh Bachhan has recently become the Brand Ambassador of an Indian television channel for free? I am sure you might be wondering about all the possible big names offering traditional entertainment programmes or,...

The chore of economic diplomacy of a developing economy

Economic diplomacy is traditionally defined as the decision-making, policy-making and advocating of the sending state's business interests. Economic diplomacy requires the application of technical expertise which analyse the effects of a country's economic situation on its political climate and on...

Global trade landscape and Bangladesh

The global trade landscape has experienced significant changes in last decade and is likely to change further in the coming decades. Trade related policies, structure of trade governance, direction of international trade, composition of traded products and fragmentation of production...

A microeconomic perspective

I had earlier written a paper under the title "Export Growth of Bangladesh: Do we know the determinants?"  The paper was published in the Financial Express on 19 August 2015. It was found that growth of consumer expenditure of developed...

Yunnan\\\'s border opening-up policies and implications for BCIM

The Bangladesh-China-India-Myanmar Economic Corridor (Henceforth, BCIM EC) is seen as an important mechanism to integrate vast markets and increase people to people contact among Bangladesh, Myanmar, South-western provinces of China and North-eastern states and West Bengal of India. It aims...

Can Bangladesh replicate it?

E-commerce is the emergent big thing. In fact, the world has already benefited from  e-commerce fostering profits, generating opportunities and mitigating costs. It involves transaction over computer-mediated networks within any geological boundaries. However, the delivery or payment does not necessarily...

Why \\\'Going Mobile\\\' is the mantra for the Digital Economy

Bangladesh's growth story can be explained in a number of ways. With steady and consistent growth (+6 per cent GDP Growth) over last one decade, the economy has slowly graduated to the lower-middle income level crossing the threshold of US$...