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PMO prepares 10-pt recipe to revamp Mongla seaport

Syful Islam | 2016-10-03 00:00:00

The Prime Minister's Office (PMO) has asked for immediate steps to resolve the problems that are responsible for under-utilisation of the Mongla seaport capacity, officials said. For the facelift, the ministry of shipping (MoS) has been handed a 10-point directive....

Many corporate taxpayers submit doctored financials

Doulot Akter Mala | 2016-10-03 00:00:00

Only 31 per cent of companies submit authentic audited financials with their annual tax returns while a remaining large majority allegedly treads byways.      Submitting financials duly audited by chartered accountants (CAs) is mandatory for all corporate taxpayers under the income-tax...

Chinese Exim Bank to give US$ 1.16b in loan

Munima Sultana | 2016-10-03 00:00:00

The Exim Bank of China is set to provide Bangladesh with US$ 1.16 billion in loan for implementing three major projects. Sources said state-owned Exim Bank wrapped up Thursday its negotiations on the proposed loan with the agencies concerned through...

Govt plans buyback of its securities

Siddique Islam | 2016-10-03 00:00:00

The government plans to buy back its securities for a better cash management, limiting interest payments from annual budget, officials said. As part of the move on prudent financial management, a tripartite meeting among senior officials of both the ministry...

Net foreign investment in DSE jumps 617pc in nine months

Babul Barman | 2016-10-03 00:00:00

Net foreign investment in stocks marked a significant jump in the first nine months of 2016 compared to the same period a year ago as foreign fund managers considered the market lucrative for long-term investment. Analysts said the favourable macroeconomic...

New role for Russia in the Mideast conflict

Sayed Kamaluddin | 2016-10-03 00:00:00

Russian intervention in Syrian civil war supporting the besieged Assad regime in October last year has changed the ground realities and created an opportunity for Moscow to play an increasingly important role in the region. This appears to be the...

Saving Europe by reversing Brexit

Anatole Kaletsky in London | 2016-10-03 00:00:00

"Never let a crisis go to waste" has always been one of the European Union's guiding principles. But what about five simultaneous crises? Today, the European Union (EU) faces what Frans Timmermans, European Commission Vice President, describes as a "multi-crisis":...

When a medical college earns infamy

Neil Ray | 2016-10-03 00:00:00

The charges levelled against 14 local students of the Nightingale Medical College (NMC) at Ashulia are serious, to say the least. These 14 muscle-flexing students studying at various levels of the medical graduation course demanded Tk 300 from their foreign...

Transporters\' unrestrained freedom

Shamsul Huq Zahid | 2016-10-03 00:00:00

The strike enforced  by the owners and workers of prime movers and trailers lasted for a brief period, only five days in the last week of September. But its impact on businesses has been very severe. The 14-wheel based prime...

US election: Donald Trump under media microscope

M. Serajul Islam from Maryland, USA | 2016-10-03 00:00:00

The momentum in the US presidential election has once again shifted towards Hillary Clinton. It has happened because of the disastrous performance of Donald Trump in the September 26 presidential debate. The polls are now beginning to show Hillary Clinton...

Most RJSC-registered cos evade tax payment

Doulot Akter Mala | 2016-10-02 00:00:00

A vast majority of registered companies across the country do not submit annual income-tax returns, thus evading payment of a significant amount of revenue to the government. According to National Board of Revenue (NBR) data, 39,000 companies submitted income-tax returns...

Saving Italy from itself

Paola Subacchi in Siena | 2016-10-02 00:00:00

Now that Italian Prime Minister Matteo Renzi's credibility is weakening at home, he will need all the friends he can get to clear the hurdle of a constitutional referendum in December - and thereby avoid likely political disruption. Renzi will...

SDG implemetation - \'whole of society approach\'

Shamsul Alam | 2016-10-02 00:00:00

Being one of the role models in achieving the Millennium Development Gaols (MDGs), Bangladesh has full political commitment in implementing the Sustainable Development Goals (SDGs). Currently, the Government is developing a common platform to facilitate a unified, 'whole of society'...

EXIM Bank to drop goods sourcing condition

Rezaul Karim | 2016-10-01 00:00:00

Export-Import Bank of India has agreed to drop an important condition -- import of 75 per cent goods and services from India -- attached to its credit for the controversial Rampal power plant, officials said. The condition would be deleted...

Sonali set to cease monopoly on govt fee, bill collection

Syful Islam | 2016-10-01 00:00:00

Sonali Bank's exclusive right to collect various government fees and bills and have access to the latter's account with the central bank, is likely to be over soon. Officials said the ministries concerned are working to engage other banks, too,...

Innovation for autistic in higher edn: Bangladesh perspective

Muhammad Mahboob Ali | 2016-10-01 00:00:00

Autism or autism spectrum disorder (ASD) is a neurological disorder that was first described by Hans Asperger in 1944. Some individuals with ASD engage in stereotypic and repetitive behaviours while others are very highly functioning and contributing members of the...

Lightning no God\'s punishment

Nilratan Halder | 2016-10-01 00:00:00

Lightning or thunderbolt has become the latest addition to natural calamities to strike terror into people's hearts. It has become a highly potent killer of late. Recently its casualties only for two days were reported to be 24 across the...

A pioneering work on technological innovation for the poor

Abdul Bayes | 2016-10-01 00:00:00

It is indeed a piece of good news that Dr Abu Hayat Md. Saiful Islam, a Bangladeshi by birth, won the Josef G. Knoll European Science Award-2016 for his outstanding PhD research work. He worked in the Centre for Development...

Chinese Exim Bank to give $ 705.10m in loan

Munima Sultana | 2016-09-30 00:00:00

The Exim Bank of China agreed Thursday to provide US$ 705.10 million as loan for constructing the country's first tunnel under the Karnaphuli River. A delegation of the bank sat with the Economic Relations Division (ERD) and Bangladesh Bridge Authority...

Banks’ Q4 performance in areas causes concerns

Siddique Islam | 2016-09-30 00:00:00

Country's banking sector performance caused some concerns in areas including classified loans in the final quarter of the fiscal year (FY) 2015-16 compared to that of the previous quarter, according to the central bank's latest quarterly report. "Several key indicators...

BIWTC opens container service soon

Talha Bin Habib | 2016-09-30 00:00:00

The Bangladesh Inland Water Transport Corporation (BIWTC) is set to launch container service soon considering the growing demand for transportation of cargoes through waterways inside and outside the country, officials concerned said. It'll get four ships soon for its first...

Challenges facing women at work

S. M. Rayhanul Islam | 2016-09-30 00:00:00

Women at Work: Trends 2016 Published by International Labour Organisation (ILO), 2016 Pages 138, ISBN: 978-92-2-130795-2 We are living in a world which is undergoing deep changes and global challenges affecting both women and men. Throughout their working lives, women...

New health index gives Bangladesh poor ranking

Nilratan Halder | 2016-09-30 00:00:00

Bangladesh boasts accomplishment of quite a few Millennium Development Goals (MDGs) -a couple of them ahead of time. The MDGs are only a step towards the Sustainable Development Goals (SDGs). Set by the United Nations General Assembly in September 2015,...

BSEC to include provision of vetting before court\'s approval

Mohammad Mufazzal | 2016-09-29 00:00:00

The securities' regulator is set to include a provision of completing the vetting on the scheme prepared for merger and acquisition before seeking the court's approval. The regulatory plan comes in the backdrop of some complexities while executing the merger...

Clean drinking water for all

Sharnila N. Kabir | 2016-09-29 00:00:00

Let us imagine this: Free, clean drinking water available for the masses, twenty four hours a day, three hundred and sixty five days a year. Statistics, reports and various articles are constant reminders of how the lack of clean drinking...

Bangladesh agriculture at a second turning point

Shamsul Alam | 2016-09-29 00:00:00

Empirical evidences suggest that the share of agriculture in overall economy of the countries always decreases as structural transformation and urbanisation occurs. The labour force engaged in agriculture also has a declining trend. However, many poor countries still show high...

Citizen participation in public administration

Helal Uddin Ahmed | 2016-09-29 00:00:00

Participatory governance or citizen participation in public administration is a concept widely practised by many western developed countries. But developing countries like Bangladesh still lag far behind in this area. Participatory governance may be defined as a process in which...

It\'s about time for DSE to regain trust of investors

A. F. M.Mainul Ahsan | 2016-09-29 00:00:00

Even public offices today all over the world are getting creative to increase their revenue. Apparently this practice is now being adopted by Dhaka Stock Exchange (DSE). As the part of continual development process, DSE has launched its upgraded version...

US election: First presidential debate ends as a Trump disaster

M. Serajul Islam | 2016-09-29 00:00:00

A record 84 million people watched the debate between Hillary Clinton and Donald Trump, held last Monday evening. Interest in the debate was enhanced because the polls had shown leading to the debate that Hillary Clinton's unassailable lead of a...

Managing economic consequences of nationalism

Mohamed A. El-Erian in Laguna Beach | 2016-09-29 00:00:00

The aftermath of the United Kingdom's unexpected vote in June to leave the European Union (EU) is being monitored closely. People all over the world - and particularly in Europe - want to know how Brexit will unfold, not just...