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NBR intel to probe tax-related money laundering issues

Doulot Akter Mala | 2016-10-18 00:00:00

The Central Intelligence Cell (CIC) of the National Board of Revenue (NBR) from now on will investigate tax-related money laundering cases as per provision of the Money Laundering Prevention (Amendment) Act, 2015. The NBR, in a recent special board meeting...

Runner Auto to float IPO worth Tk 1.0b

Mohammad Mufazzal | 2016-10-18 00:00:00

Runner Automobiles, a local manufacturer, has planned a raise a fund worth Tk 1.0 billion by floating IPO (initial public offering) under the book building method to develop new models. The company will hold its road show tomorrow (October 19)...

The extraordinary moral voice of US First Lady

M. Serajul Islam from Maryland, USA | 2016-10-18 00:00:00

The US presidential election 2016 has been fought thus far in a manner that should shame the decent-minded Americans. Before the second presidential debate, major TV stations such as CNN that covered the event live warned their viewers that they...

Financial inclusion needs legal and regulatory framework

Shah Md Ahsan Habib in the first of a two-part article titled Addressing financial exclusion challenge through appropriate products | 2016-10-18 00:00:00

Financial exclusion is a critical challenge to growth, and the benefits of financial inclusion go beyond growth both at the individual and macro level. In addition, access to financial services is often viewed as essential factors like access to safe...

The \'not yet great\' powers at a time of power vacuum

Imtiaz A. Hussain in the third of a five-part series titled Instincts and international relations | 2016-10-18 00:00:00

China, India, Japan, and Russia have made a lot of post-World War II noise, though not in that same order, and for quite different reasons, sometimes in partnerships, at others through rivalries. As previously noted in this series, if we...

Pilot tests on new VAT law prove successful

Doulot Akter Mala | 2016-10-17 00:00:00

Government's revenue authority is conducting mock execution of a new VAT law that provides for controversial online payment of the tax at a flat rate of 15 per cent for all -- be they big or small. Officials said a...

Pledging to end poverty in all its forms

Abdul Bayes | 2016-10-17 00:00:00

October 17 is the International Day for the Eradication of Poverty. The theme of the day this year is: "Moving from humiliation and exclusion to participation: Ending poverty in all its forms". The Sustainable Development Goal (SDG) also pledges to...

Rice price raised artificially

Neil Ray | 2016-10-17 00:00:00

The price of rice has become jittery of late. Wonder of wonders, the coarse varieties in particular have registered the highest rise --Tk 10-12 a kilogram followed by fine types at Tk 6.0-8.0 a kilogram. Now there is no valid...

A well-crafted balancing act

Shamsul Huq Zahid | 2016-10-17 00:00:00

Chinese President Xi Jingping's 22-hour visit, spanning over a couple of days, to Bangladesh is not just of high economic and political significance. The visit is a historic one and it has set in motion a new era in bilateral...

Thailand\'s new uncertainty: Who will be the next monarch?

Joshua Kurlantzick in Washington, DC | 2016-10-17 00:00:00

Thai King Bhumibol Adulyadej's death was long anticipated, but it still came as a profound shock to Thailand. When it was announced, vast crowds gathered in towns and cities to weep and pay homage to their monarch, who had reigned...

Toxic politics versus better economics

Mohamed A. El-Erian in New York | 2016-10-16 00:00:00

The relationship between politics and economics is changing. Advanced-country politicians are locked in bizarre, often toxic, conflicts, instead of acting on a growing economic consensus about how to escape a protracted period of low and unequal growth. This trend must...

Most firms skip submission of financials to RJSC

Doulot Akter Mala | 2016-10-15 00:00:00

Only a few companies submit annual returns to office of the Registrar of Joint Stock Companies and Firms (RJSC), thus leaving room for tampering with information of many firms' shareholders, sources said. According to RJSC data, some 40,000 submit their...

Reimagining South Asian Economy

The write-up is prepared by the Centre for Policy Dialogue (CPD) as a part of organising the Ninth South Asia Economic Summit (SAES IX) titled 'Reimagining South Asia in 2030.' The summit is taking place in Dhaka on October 15-16, 2016 | 2016-10-15 00:00:00

South Asia accounts for only 3.0 per cent of the world surface area, yet the region is home to nearly 1.5 billion people, about one-fifth of the world population. By 2030, the region is likely to represent about one-fourth of...

Unique motherliness made more unique

Nilratan Halder | 2016-10-15 00:00:00

Adoption for people is not instinctive. Infertile couples look for adoption for various reasons. Hollywood celebrities and a high profile couple in the United States of America have adopted a number of children from as diverse places as Africa and...

Mayday in the UK : Swing toward illiberalism

Philippe Legrain in London | 2016-10-15 00:00:00

Conservative Brexiteers - who campaigned for the United Kingdom to vote to leave the European Union (EU) - continue to blather about building an open, outward-looking, free-trading Britain. But the UK is in fact turning inward. Prime Minister Theresa May,...

Syrian conundrum: Mounting US-Russian tension

Sayed Kamaluddin | 2016-10-15 00:00:00

US Secretary of State John Kerry carried out his threats and called off the peace talks to end the five-year long Syrian civil war with his Russian counterpart Surgei Lavrov last week. This, indeed, is a disturbing sign. The Washington...

South Asia Economic Summit: Thinking out of the box

Asjadul Kibria | 2016-10-15 00:00:00

The Ninth South Asia Economic Summit is being organised in Dhaka at a time when the 19th  SAARC (South Asian Association for Regional Cooperation) summit, scheduled to be held in Islamabad on November 9-10,  has been postponed.   Thus, the holding...

Interest spread calculation to be part of CAMELS

Siddique Islam | 2016-10-14 00:00:00

Interest-rate spread of banks will be made a part of the supervisory mechanism called CAMELS rating, officials said. The revised calculation method for CAMELS rating will come into effect in December next and any breach of limit set in relation...

RAB seeks seized drones for surveillance activities

Doulot Akter Mala | 2016-10-14 00:00:00

The Rapid Action Battalion (RAB) made a request to the National Board of Revenue (NBR) that some of the drones seized by the customs authorities be given to the elite force to facilitate augmenting its surveillance activities. The request came...

BD agrees to raise number of border \'haats\', trading amount

Talha Bin Habib | 2016-10-14 00:00:00

Bangladesh has finalised proposed amendments to existing memorandum of understanding (MoU) to set up new border 'haats' (temporary markets with a fixed time) and their mode of operation. These will now be sent to India for its consent, officials said....

Bullet-hit Magura miracle baby\'s valiant fight

Nilratan Halder | 2016-10-14 00:00:00

She has survived what rarely anyone has the misfortune of sustaining even before her birth --a lethal bullet wound. Both her and her mother's lives hanged in the balance when a stray bullet from infighting armed youth groups of the...

Great powers today: Shadows of the past

Imtiaz A. Hussain in the second of a five-part series titled Instincts and international relations | 2016-10-14 00:00:00

Why has the United States, in what is called the "American Century," been less comfortable with a multi-polar balance of power system than with a bipolar? Is there a more underlying reason than immigration to explain Great Britain's exit from...

Breaking the ice in the South China Sea

Fidel V. Ramos in Manila | 2016-10-14 00:00:00

Three months ago, the Permanent Court of Arbitration in The Hague ruled that there was no legal basis for China to claim historic rights to the resources in the West Philippine Sea (also known as the South China Sea), and...

US treasury department inquires about stolen reserves recovery

From Syful Islam | 2016-10-12 00:00:00

WASHINGTON, D.C., Oct 11: The US treasury department inquired about progress in recovering the money cyber-criminals looted from the Bangladesh reserves with the Fed. Officials said the query was made when Deputy Assistant Secretary for Western Hemisphere and South Asia...

Impatient rush

Shamsul Huq Zahid | 2016-10-12 00:00:00

A trade cartel dominating the marketing of some essential food items has made mockery of government's desire to protect the interests of consumers. The issue in question relates to the latest hike in retail prices of the widely consumed soyabean...

Govt to ready NAMA proposal to get carbon fund

Munima Sultana | 2016-10-12 00:00:00

The government is set to prepare a national appropriate mitigation action (NAMA), a mechanism to get carbon fund by introducing carbon emission-free transport sector including rail and road in Dhaka city. Officials said NAMA Urban Passenger Transport Dhaka was to...

Tax burden stymies publishing companies’ business

Mohammad Wazed Ali | 2016-10-12 00:00:00

Country's Tk 9.50 billion publication sector has been witnessing a robust growth over the years although the tax burden hits the publishing companies hard, sector insiders said. According to them, the number of publishers and booksellers has now almost doubled...

Large-cap issues dominate daily turnover

Mohammad Mufazzal | 2016-10-12 00:00:00

Some large-cap companies in recent days mostly contribute in the daily transaction of the stock market grabbing the top ten turnover leaders' position. According to information of Dhaka Stock Exchange (DSE), out of 328 listed companies, some 20 securities contribute...

Most Afghan women serve sentences in elders\' homes, not prisons

Mohammadullah Himatyar of Reuters in Sharana | 2016-10-12 00:00:00

When 18-year-old Fawzia was convicted of elopement and adultery, a local Afghan court in the southeastern province of Paktika sentenced her to jail. She soon discovered that she would not be serving the 18-month sentence in a government-run prison, but...

The Girl on the Train

Nicholas Barber of BBC | 2016-10-12 00:00:00

Paula Hawkins' novel, The Girl on the Train, has sold 15 million copies around the world, largely due to its irresistible concept. Its heroine, Rachel, is a miserable, alcoholic divorcee who gazes at the same house twice every day when...