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Food safety drive falters

Talha Bin Habib | 2016-07-16 00:00:00

Bangladesh Food Safety Authority (BFSA) cannot function properly due to dearth of manpower and required logistics support, thus making the food safety a distant dream, officials said. BFSA is the main agency of the government to ensure food safety for...

Govt okays terms, conditions on $11.38b Russian credit

Rezaul Karim | 2016-07-16 00:00:00

The government has approved the terms and conditions of U$ 11.38 billion credit pledged by the Russian government for setting up the Rooppur Nuclear Power Plant (RNPP) in Pabna district, officials said. The standing committee on non-concessional loan gave approval...

Normal sales yet to resume as shops reopen in city markets

Mohammad Wazed Ali | 2016-07-16 00:00:00

Normal sales are yet to resume in some important markets of the capital even a week after Eid-ul-Fitr, market operators have said. According to them, it will take some more days for resumption of normal sales in their shops as...

The dread called drugs

Sarwar Md Saifullah Khaled | 2016-07-16 00:00:00

Launch of a vigorous social movement against drug abuse and trafficking has been a need of the hour to check moral degradation and save the young generation from ruins. To this end programmes including colourful rallies, discussions, anti-drug essay and...

Economics: The undisciplined discipline

Lamia Mohsin | 2016-07-16 00:00:00

"The Age of Chivalry is gone, and that of sophists, economists and calculators has succeeded" While skimming through the television sets, we come across talk shows and live telecasts of conferences and roundtable meetings, where somber, placid-looking politicians, economists and...

Adorable Messi in a mess

Nilratan Halder | 2016-07-16 00:00:00

Lionel Messi is in a soup. His and his father's 21-month sentence in prison and a fine of 3.6 million euros by a Spanish court for tax evasion has come as a great shock to millions of his fans the...

Three independent and passionate women who lived life to the fullest

Blerta Cela | 2016-07-16 00:00:00

Dhaka is still reeling from the tragedy that hit the heart of the city last Friday night. The unprecedented terror attack is a direct threat to what Bangladesh stands for; a threat to human rights, diversity and women rights.  I...

Iran tackling its problems well

Sayed Kamaluddin | 2016-07-16 00:00:00

Despite all odds against it, Iran seems to be doing reasonably well in terms of economic development since the withdrawal of sanctions by the West after signing of a nuclear agreement with the UN Security Council's 5 veto powers plus...

Economic diplomacy in S Asian perspective

Muhammad Abdul Mazid | 2016-07-16 00:00:00

Economic diplomacy is a tool of a government to achieve the country's national interests. It should also remain focused on economic policy issues.  Economic diplomats are to monitor and report on economic policies in foreign countries and give the home...

Dhaka, Ctg industries get turnover tax exemption

Doulot Akter Mala | 2016-07-15 00:00:00

The government has scrapped turnover tax facility for manufacturing industries located in Dhaka South, North and Chittagong City Corporation area to bring them under VAT registration network. Value added tax (VAT) officials have to issue Business Identification Number (BIN) to...

Govt\'s net bank borrowing reaches Tk 48.07b in FY 16

Siddique Islam | 2016-07-15 00:00:00

The government's borrowing from the country's banking system jumped in the last week of June to partly finance its budget deficit in the just concluded fiscal year (FY), 2015-16, officials said on Thursday. The government's net bank borrowing stood at...

No share scam case in spl tribunal now for trial

Mohammad Mufazzal | 2016-07-15 00:00:00

The special tribunal on capital market has been sitting idle since May last as there is no case for trial. The tribunal sources said a total of 24 cases, including some cases related to the 1996 stock market scam, were...

For meaningful reforms of the University of Dhaka

S. M. Rayhanul Islam | 2016-07-15 00:00:00

The University of Dhaka, the oldest and largest University in today's Bangladesh, started its journey on the first day of July in 1921. Its role in the sovereign Bengalee nation's formation and the emergence of independent Bangladesh is a widely...

Results of conditioned reflex

Nilratan Halder | 2016-07-15 00:00:00

The time is out of joint; O cursed spite,/ That ever I was born to set it right! Thus Hamlet shares his frustration with the ghost. Not only has the prince of Denmark in that Shakespeare's famous drama felt the...

Bank interest spread widens

Siddique Islam | 2016-07-14 00:00:00

Overall interest-rate spread in the country's banking sector widened further in May as commercial banks cut interests on deposits deeper than that on lending. The weighted average spread between lending and deposit rates offered by the commercial banks rose to...

Experts meet today over delay of designs

Munima Sultana | 2016-07-14 00:00:00

The Panel of Experts (PoE) for the Padma bridge construction meet at the project site from today (Thursday) as the Chinese contractors could not solve the problem with finalising the design of the main bridge and the river training work...

Three cos re-submit IPO proposals

Mohammad Mufazzal | 2016-07-14 00:00:00

Three companies have re-submitted their IPO (initial public offering) proposals under the book building method as per the mandatory requirement of the revised Public Issue Rules, officials said.   They said the companies which submitted their revised IPO proposals are STS...

Challenges for food security

Abdul Bayes | 2016-07-14 00:00:00

The main challenge in the way of progress towards food security comes from continuing growth of population. The progress in reducing population growth in Bangladesh, from 3 per cent per year at 1971 independence to about 1.2 per cent now,...

Bangladesh in Migration Governance Index

Hasnat Abdul Hye | 2016-07-14 00:00:00

Every knowledgeable person in Bangladesh knows that next to garment sector migrant workers are the second biggest source of foreign exchanga earning in the country. About eight million Bangladeshis working abroad, mostly in the Middle-Eest, send on average $15 billion...

BB-Fed Reserve meeting in August to recoup $81m

Siddique Islam | 2016-07-13 00:00:00

A bilateral meeting between the Federal Reserve Bank of New York and the Bangladesh Bank (BB) will be held in New York in August to speed up efforts for recovering the stolen US$ 81 million from the Philippines, officials said....

Magic wands at work?

Shamsul Huq Zahid | 2016-07-13 00:00:00

The ministries and other government agencies as usual got their respective magic wands during the penultimate and final months of the just concluded fiscal year (FY), 2015-16, and spent (?) 42.5 per cent of the total allocations, Tk 390 billion,...

MoS finds Paira-Dhaka rail line project feasible

Syful Islam | 2016-07-13 00:00:00

The ministry of shipping (MoS) has found the proposal of the UK-based DP Rail on connecting the new sea port at Paira with capital Dhaka through railway feasible, officials have said. The rail connectivity of the port with Dhaka is...

Syrian refugee chefs share their recipes

Marie-Helene Carleton of Al Jazeera in Paris, France | 2016-07-13 00:00:00

Docked along the Seine, the Petit Bain is a floating cultural event space that features musicians, DJs and artists. Recently, the venue was host to several refugee chefs who prepared their recipes for hungry and curious Parisians as part of...

Breaking the Swiss secrecy

Asjadul Kibria | 2016-07-13 00:00:00

Swiss secrecy again makes headlines in the newspapers around the world. The amount of financial assets of Bangladeshi individuals and entities allegedly stashed in different banks in Switzerland increased by 10 per cent in 2015 over 2014. Though such an...

Remittance falls 2.55pc last fiscal

Siddique Islam | 2016-07-12 00:00:00

The country counted a 2.55 per cent fall in inward remittances in the just-concluded fiscal year principally for slower development activities in the Middle East. According to the central bank statistics, released Monday, the inflow of remittances came down to...

DTAAs prove obsolete in fighting fund flight

Doulot Akter Mala | 2016-07-12 00:00:00

A government move is underway to review and update the relevant international treaties with different countries as the instruments proved obsolete in dealing with external trade and vices like capital outflow in the digital era, officials said. They said the...

Belated actions in Agrani

Shamsul Huq Zahid | 2016-07-12 00:00:00

The removal of the managing director (MD) and chief executive officer (CEO) of the state-owned Agrani Bank on June 30 last and arrest of the acting managing director of the same bank on the same day stirred up surprise in...

PKSF faces fund crunch to finance anti-poverty recipe

Syful Islam | 2016-07-11 00:00:00

The Palli Karma Sahayak Foundation (PKSF) has sought the rescheduling of Tk 12 billion borrowed from the government and development partners to lend to poor people for employment generation, as it faces fund crunch, officials said. Established in May 1990,...

Govt bank borrowing set to rise in July

Siddique Islam | 2016-07-11 00:00:00

The government is set to borrow significantly high amounts from banks in July for adjusting higher expenditure in June and part financing of its budget deficit for the current fiscal. Officials said the borrowings from the banking system could run...

Dhaka-Joydebpur road becoming multimodal transport corridor

Munima Sultana | 2016-07-11 00:00:00

Full-scale construction work is set to begin by December to upgrade Dhaka-Joydebpur road to a multimodal transport corridor with a dedicated bus lane as this gateway carries the highest traffic volume. Official data show that this corridor takes the load...