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Foreign firm\'s procrastination defers commencement plan

Munima Sultana | 2016-08-24 00:00:00

Counting 25-year concessional period of the Dhaka Elevated Expressway (DEE) project is yet to start even though over six years have elapsed since agreement signing under public-private partnership (PPP). Though both public and private parties had so far been blamed...

Fund constraints hit Petrobangla hard

Rezaul Karim | 2016-08-24 00:00:00

Petrobangla has been facing an acute shortage of funds due to the mismatch between procurement of gas and its sale, officials said. The Bangladesh Oil and Gas Corporation (BOGC) requires over Tk 54 billion immediately to make payments to Large...

BSEC to launch e-data gathering system

Mohammad Mufazzal | 2016-08-24 00:00:00

The securities regulator has moved to introduce Electronic Data Gathering, Analysis and Retrieval (EDGAR) system to ease and speed up the data and information submission by market intermediaries and listed companies, officials said. After introduction of the e-data gathering system,...

FDI rising, still low

Asjadul Kibria | 2016-08-24 00:00:00

It may be a coincidence. The day terrorists attacked a cafe in Gulshan area of Dhaka was the first day of the current fiscal year (FY17). The incident shocked the whole country. It sent an ominous signal to the businesses,...

Weak bank messaging system increases security challenges

Sarwar Md. Saifullah Khaled | 2016-08-24 00:00:00

More than a dozen current and former board directors and senior managers of the Society for Worldwide Interbank Financial Telecommunication (SWIFT) - the bank messaging system that helps transmit billions of dollars around the world every day - have said...

Reserve management: Objective, scope and coordination

Jamaluddin Ahmed in the first article of a seven-part series on the Historical evaluation of foreign currency reserve management | 2016-08-24 00:00:00

Reserve management should seek to ensure that (1) adequate foreign exchange reserves are available for meeting a defined range of objectives; (2) liquidity, market, and credit risks are controlled in a prudent manner; and (3) subject to liquidity and other...

The hazards of coal-fired power plants

Mustafizur Rahman in the first of a two-part article on coal-fired power plants | 2016-08-24 00:00:00

The scientific community overwhelmingly agree on clear and persuasive evidence that earth's climate is being affected by human activities. Ozone 'hole' discovery in 1980s drew global attention leading to Kyoto Protocol on climate change due to global warming attributed to...

Industrial imports mark modest growth

Siddique Islam | 2016-08-23 00:00:00

Overall imports for the country's industrial sector grew over 6.0 per cent in the last fiscal year (FY), buoyed by higher import of capital machinery, officials said. The actual import in terms of settlement of letters of credit (LCs) increased...

B\'desh to invite Aussies to invest in SEZs

Talha Bin Habib | 2016-08-23 00:00:00

Bangladesh will offer Australian entrepreneurs to invest in special economic zones (SEZs) during the Australia-Bangladesh Business Forum (ABBF)-2016 in Melbourne to be held next month, officials said.   Increased engagement with industry and policy makers of the two countries and exploring...

Syrian civil war: The battle rages on

Zeenat Khan from Maryland, USA | 2016-08-23 00:00:00

Since the civil war in Syria started on March 15, 2011, why does it always take a little boy to make the world weep and see the horrors of this prolonged war? At first, on September 02, 2015, it was...

On human height

Abdul Bayes | 2016-08-23 00:00:00

LIFE (elifesciences.org) produced a research article discussing trends in human height spanning over a century  (July 26, 2016). We shall heavily draw upon the article below - even paraphrase - for two reasons. First, the findings show that child malnutrition...

Abe under pressure to revive Japan\'s struggling economy

Sayed Kamaluddin | 2016-08-23 00:00:00

Missing market forecast, data showed last Monday (August 15) that Japan's economy has stalled during the second April-June quarter of 2016. It has also rekindled worries about the government's unsuccessful bid to revive the economy. Contrary to economists' expectations for...

BSEC seeks legal opinion from AG

Mohammad Mufazzal | 2016-08-22 00:00:00

The securities regulator has sought legal opinion in an effort to revise its directive regarding the sponsor-directors' minimum two per cent shareholding portion in listed companies, the official sources said. The Bangladesh Securities and Exchange Commission (BSEC) sought the opinion...

Dealing with mosquito menace

Poonam Khetrapal Singh | 2016-08-22 00:00:00

Mosquitos are a pest with no equal. Though not all mosquitos transmit life-threatening diseases, those that do kill approximately 7,25, 000 people worldwide every year. When not fatal, the diseases mosquitos spread can result in bouts of debilitating fever, nausea...

China\'s corporate-debt challenge

David Lipton in Washington, DC | 2016-08-22 00:00:00

The Chinese economy has slowed in recent years, but it is still a strong performer, contributing about one-third of total economic growth worldwide. It is also becoming more sustainable, in line with the shift in its growth model away from...

To give or not to give alms

Neil Ray | 2016-08-22 00:00:00

Australian Prime Minister Malcolm Turnbull finds himself in an intriguing situation over giving alms. His act of charity has both been defended and criticised. Defended, because it was an instant human reaction. Criticised, because in Melbourne giving alms to beggars...

Sorry tale of TR and FFW

Shamsul Huq Zahid | 2016-08-22 00:00:00

Information Minister Hasanul Haque Inu's allegation about massive irregularities in 'Test Relief' (TR) and 'Food for Works' (FFW) programmes involving the lawmakers had stirred up a real hornet's nest. Instantly, he came under attack from all directions. To assuage the...

Move underway to enhance cargo handling capacity of Mongla port

Talha Bin Habib | 2016-08-21 00:00:00

The government has taken a number of initiatives to improve the capacity of the Mongla port against the backdrop of an increase in its workload, officials said. The government has decided to complete some unfinished works on a number of...

Tax fair on Nov 01-07 ahead of month-end return submission deadline

Doulot Akter Mala | 2016-08-21 00:00:00

Government's revenue authority will hold income tax fair in the first week of November at its new headquarters ahead of the November 30 cut-off time for taxpayers to pay their taxes or penalty thereafter. Officials said the National Board of...

BB goes on big buy of dollar

Siddique Islam | 2016-08-21 00:00:00

The central bank has gone on a big buy of the US dollar from banks to prop up the inter-bank foreign-exchange market amid a higher inflow of the greenback ahead of Eid-ul-Azha. Officials said under the latest interventional move, the...

BSEC yet to finalise revised rules for mutual funds

Mohammad Mufazzal | 2016-08-21 00:00:00

The securities regulator is yet to finalise the proposed amendment to rules for mutual funds (MFs), despite the regulator took decision in principle regarding new provisions for the amendment brought eight months back. On December 7 last, the Bangladesh Securities...

Thrust on streamlining social security system

Shamsul Alam | 2016-08-21 00:00:00

Bangladesh achieved its independence through the supreme sacrifices 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 just after one year...

What role for global governance?

Kemal Dervis in Washington, DC | 2016-08-21 00:00:00

Can global governance solve most of our economic problems? Or does it too often promise more than it can deliver, and divert attention from more practical reforms that national governments should implement? In a recent commentary, Harvard University economist Dani...

Errant tanners start paying fines to state coffer

Talha Bin Habib | 2016-08-20 00:00:00

The tanners at Hazaribagh in the capital have started paying fines, as imposed by the Supreme Court, to the state coffer following their failure to relocate their units to Savar, officials said. They are depositing the fines with a branch...

Panel for fixing LPG price at rational levels

Syful Islam | 2016-08-20 00:00:00

A government-assigned body has suggested setting liquefied petroleum gas (LPG) tariff at retail level not more than 1.5 times of landed cost or cost and freight (C&F) price of raw materials, officials said. The recommendation equally applies to the fuel...

Stocks edge up amid dull trading

Babul Barman | 2016-08-20 00:00:00

Stocks posted marginal gain last week that ended Thursday, after witnessing mild correction in the previous week, as some enthusiastic investors took position on sector specific stocks. Brokers said the bargain hunters were active on sector specific stocks in the...

Urea fertiliser output up by 0.13m tonnes

Mohammad Wazed Ali | 2016-08-20 00:00:00

Fertiliser factories under Bangladesh Chemical Industries Corporation (BCIC) have produced 1.06 million tonnes of urea fertilisers in the last fiscal year, up by 0.13 million tonnes than that of the previous fiscal, officials said. According to them, production has increased...

A poet in context: Faiz Ahmad Faiz

Prof. Sarwar Md. Saifullah Khaled | 2016-08-20 00:00:00

Faiz Ahmad Faiz (1911-1984) was an influential left-wing intellectual, revolutionary poet, and one of the most highly regarded poets of the Urdu language, having been nominated four times for the Nobel Prize for literature. A notable member of the Progressive...

Taskforces for closing illegal KG schools

Masum Billah | 2016-08-20 00:00:00

Kindergarten (KG) schools have mushroomed at every nook and corner of the country from the remotest village to the capital city. This fact coupled with the recent terrorist attacks, has drawn the attention of the government to the necessity, quality...

Season close to Rabindranath\'s heart

Nilratan Halder | 2016-08-20 00:00:00

The month of Shrabon has just given over to Bhadra. But its legacy lingers. Rabindranath has an overwhelming favouritism for the rainy season. His love for the season was intense and passionate. This is why he could write immortal lines...