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Bahamas Leaks mention ‘two BD-linked’ cos

Asjadul Kibria | 2016-09-23 00:00:00

The latest revelation of information about offshore companies in the Bahamas, one of the world's largest tax havens, has two names linked with Bangladesh.   International Consortium of Investigative Journalists (ICIJ) unveil the 'Bahamas Leaks' on Wednesday. It shows names of...

Negative NPL-ROA ties concern policy-makers

Siddique Islam | 2016-09-23 00:00:00

The negative relationship between classified loans and profitability has been a major concern for the policymakers in the banking industry of Bangladesh, according to a study conducted by the central bank. The study recommended that the authorities of commercial banks...

BSEC moves to resume share trading of Summit Power

Mohammad Mufazzal | 2016-09-23 00:00:00

The securities regulator has moved to resume share trading of the Summit Power by solving the complexities created during completion of the company's amalgamation process. The share trading of the Summit Power was suspended on August 24 last as the...

Government to set up dialysis centres at district level

Talha Bin Habib | 2016-09-23 00:00:00

The government is set to set up dialysis centres at district level since only 10 per cent out of total 20 million renal/kidney patients have access to dialysis facility, officials said.   The ministry of health and family welfare (MoHFW) has...

Meghna Bank looks to launch new mobile services by October

Siddique Islam | 2016-09-23 00:00:00

Meghna Bank Limited is going to introduce chip-based card for mobile financial services for the first time in Bangladesh by the end of October this year, the bank's top executive said.  "We're still working to launch new mobile financial services...

Microfinanciers start getting permanent licences on operational competence

Ismail Hossain | 2016-09-23 00:00:00

The microcredit regulator has started awarding permanent licences to 198 microfinanciers who got conditional permission to run operations for three years. The Microcredit Regulatory Authority (MRA) began the permanent licensing process before the three- year timeframe as many of them...

Draft education act: Many a slip \'twixt cup and lip

Nilratan Halder | 2016-09-23 00:00:00

There is no sign that the draft Education Act 2016 with all its restrictive provisions has any effect on practices by all who have been targeted for punishment. Commercial coaching centres are doing roaring business, teachers are offering private tuition...

One year after the adoption of Agenda 2030

Asjadul Kibria | 2016-09-23 00:00:00

It was one year ago on September 25, 2015 when global leaders adopted Sustainable Development Goals (SDGs), formally dubbed as Transforming our world: the 2030 Agenda for Sustainable Development, in the 70th Session of the United Nations General Assembly. The...

Forex reserves cross $31b mark again

Siddique Islam | 2016-09-22 00:00:00

Country's foreign exchange (forex) reserves crossed US$31- billion mark again Tuesday as export earnings tipped the balance against import-payment pressures on the economy, officials said. The forex reserves rose to $31.09 billion on the day from $30.97 billion of the...

Dhaka-Ctg 4-lane highway project faces final hitch

Munima Sultana | 2016-09-22 00:00:00

After a decade-long run with periodical setbacks, the project on building Dhaka-Chittagong four-lane highway now faces a final hitch as finishing one flyover and two overpass infrastructures by its December deadline looks uncertain. "Non-cooperation" from the construction firm is being...

Pillars of right decision making

Rafayatul Kabir | 2016-09-22 00:00:00

Decision making is an extremely crucial factor that determines our career and how we may desire to shape our character. Oftentimes, the cognitive decision making capacity becomes clouded during stressful times. Right decision making is more than simple logical thinking....

Event on building the stepping stones of a high flying career

Naimul Kader | 2016-09-22 00:00:00

It has been said that many of the upcoming global jobs did not exist before this decade. Global job market is juxtaposed with the rapid innovation in technology. So how can one plan for a career that may not exist...

Govt considers tax rate cut on local biscuits after push from lobbyist gr

Doulot Akter Mala | 2016-09-22 00:00:00

The government is reviewing a proposal to reduce tax rate on biscuit after a push from local manufacturers. Economic affairs adviser to the Prime Minister Dr Mashiur Rahman recently sent the proposal of the domestic companies to cut back on...

Climate negotiations and fossil fuel industry

Shaila Mahmud | 2016-09-22 00:00:00

Every year, the UN climate talks, widely known as the Conference of Parties (COP), bring together nations and provides platform for high-stakes negotiations to regulate greenhouse gas emissions and tackle dangerous effects of climate change. It is obvious that a...

Rot in public procurement: Cure still not in sight

Shamsul Huq Zahid | 2016-09-21 00:00:00

'Whereas it is expedient and necessary to provide for procedures to be followed for ensuring transparency and accountability in the procurement of goods, works or services using public funds, and ensuring equal treatment and free and fair competition among all...

Few foreign liaisons in BD secretly doing business

Doulot Akter Mala | 2016-09-21 00:00:00

Government's revenue authority has found out that some foreign liaison offices operating in Bangladesh to liaise with overseas companies themselves are allegedly doing business here underhandedly. Sources said tax officials have detected that a number of foreign liaison offices are...

Sustainable financial system: Agriculture sector holds the key

Shah Md Ahsan Habib concluding his three-part article on Sustainable financial system | 2016-09-21 00:00:00

Responses by banks and non-bank financial institutions (NBFIs) to the policy initiatives related to sustainable banking and finance are inspiring. Notable changes have taken place in terms of greater financial inclusion, higher access to finance, and increased geographical penetration in...

Education needs transformation to reach global goals

Sarwar Md. Saifullah Khaled | 2016-09-21 00:00:00

The Global Education Monitoring (GEM) Report 2016 by UNESCO has come up with findings that Bangladesh is expected to achieve universal primary education in 2055 and universal lower secondary education in 2075 while universal upper secondary education not until the...

What has G-20 achieved in China?

Hasnat Abdul Hye | 2016-09-21 00:00:00

The Group of 20 (G-20) held its eleventh summit in Hangzhou in China on September 4 last, which was marked by diplomatic faux pas, highfalutin communiques and a pious declaration. Except the first two, the grand finale was redolent of...

Stock exchanges yet to derive benefits of demutualisation

Wali-ul-Maroof Matin | 2016-09-21 00:00:00

Demutualisation has been discussed among the market stakeholders in Bangladesh for 15 years. Some thought that it could be a magic to heal all the ills of the stock exchanges. Some thought it would be another energy burning futile exercise....

A turning point in EU\'s response to the economic crisis

Federica Mogherini, Kristalina Georgieva and Jyrki Katainen | 2016-09-21 00:00:00

Challenging times call for us to rise to meet them with new thinking. With innovation. With vision. We have to foster our internal growth and the wellbeing of our citizens. And we have to cooperate with our neighbouring countries to...

Dhaka to seek duty waiver for jute products from Bangkok

Talha Bin Habib | 2016-09-20 00:00:00

Bangladesh will seek trade privileges duty-waiver facility for its jute and jute products from Thailand in the upcoming joint trade meeting, officials said. The 4th Bangladesh (BD)-Thailand Joint Trade Committee (JTC) meeting will be held next month in Dhaka. The...

Donald Trump ends his racist \"birther\" movement: Will it affect his campaign?

M. Serajul Islam from Maryland, USA | 2016-09-20 00:00:00

The single important factor with which Donald Trump made his way from a rank outsider to win the Republican Party's nomination and now has come within striking distance of the White House is not his "ban Muslim" demand or fear-mongering...

Financial tools: Bangladesh Bank sets the ball rolling

Shah Md Ahsan Habib in the second of a three-part article on Sustainable financial system | 2016-09-20 00:00:00

Policymakers/regulators and market players are the key supply-side stakeholders of the sustainable financing initiatives that are mainly related to financial inclusion, agricultural and SME financing, green and sustainable energy financing. These issues have received notable importance in the policy documents...

Low prices of hides and skins: The consequences

Syed Jamaluddin | 2016-09-20 00:00:00

Low prices of hides and skins and high prices of salt resulted in a market crash for hides and skins this year. Price for hides and skins of sacrificial animals was the lowest in last eight to 10 years. In...

Economies of paved rural roads

Abdul Bayes | 2016-09-20 00:00:00

There is a positive link between infrastructural development (especially of roads) and crop production in villages. It is found that developed villages have paved roads and under-developed ones have kutcha ones. It is obvious that access to paved roads has...

Water sharing: An opportunity cost dilemma in South Asia

Muhammad Abdul Mazid | 2016-09-20 00:00:00

Over the past few decades, many of the 54 rivers in Bangladesh that originate in India have been either diverted or dammed upstream, inside India. All of these hydro-developmental initiatives have left a profound impact on the ecology of Bangladesh...

Turnover tax ceiling may rise

Doulot Akter Mala | 2016-09-19 00:00:00

Businesses may enjoy a higher ceiling of turnover tax while some price-sensitive items are set to be fully exempt from VAT under a new law. The National Board of Revenue (NBR) is exploring the possibility of granting the two relaxations...

Academy for Securities Market in the offing

Mohammad Mufazzal | 2016-09-19 00:00:00

The securities' regulator will establish an academy for educating investors on capital market. The Bangladesh Securities and Exchange Commission (BSEC) has formulated draft rules on development of investment education and training including the provision of establishing an academy. As per...

Rail connectivity core issue now for wooing investors

Munima Sultana | 2016-09-19 00:00:00

Government authorities have moved to establish rail connectivity with special economic zones across the country during site development to woo investors and make investment worthwhile. Official sources said selecting the EZs depends on the cost-effectiveness of investing money in building...