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Capital flight: An enduring conundrum

Syed Ashraf Ali | 2016-06-30 00:00:00

A renewed interest on capital flight has been triggered by the data recently released by the Global Financial Integrity (GFI), a Washington-based research organisation that keeps a tab on 'Illicit Financial Flows' (IFF) from developing countries. According to GFI, the...

Buying dollars cannot protect exports forever

Sharjil Haque | 2016-06-30 00:00:00

Global foreign exchange markets just took a hammering from Britain's shock exit from the EU. In our own neck of the woods, the exchange rate does not float freely to fall prey to such volatility. But that does not mean...

It’s better to put own houses in order

Shamsul Huq Zahid | 2016-06-29 00:00:00

Past mayors of Dhaka city did demand an authority for themselves over the all utility service providers for the sake of better coordination in the matters of ensuring improved civic amenities and reducing the hassles the Dhakaites faced very often. ...

A few changes likely in proposed tax measures

Doulot Akter Mala | 2016-06-29 00:00:00

The government may make some changes to the tax measures in the new finance bill before it gets through parliament today (Wednesday), in final consideration of demands from stakeholders.     Finance Minister AMA Muhith would move the Finance Bill 2016 in...

Thousands suffer in absence of monitoring

Munima Sultana | 2016-06-29 00:00:00

Hundreds of thousands of patients suffer from various kinds of adverse reaction of drugs prescribed by physicians every day in the absence of a  monitoring system in the country.  Sources said neither the doctors are conscious about prescribing wrong medicines...

The Dubai Syndrome: Studying dynamics of migration

Abdul Bayes | 2016-06-29 00:00:00

Even a decade ago, migration was not considered to be as important a subject in academic or policy-related discussions as it is today. We observe a growing interest in the subject in the recent past. It finds a wider space...

World exposed to Brexit fallout

Shamsul Huq Zahid | 2016-06-29 00:00:00

Britain's Prime Minister David Cameron gambled believing the majority Britons would back the 'Remain' campaign in the Brexit referendum held on June 24 last across the United Kingdom. But 'Leave' campaigners won.  Many across the world were stunned by the...

Terrorism in USA and radical Islam

M. Serajul Islam from Maryland, USA | 2016-06-29 00:00:00

Omar Mateen was on the FBI terror watch list. He was the subject of one FBI investigation and was questioned twice. Yet, thanks to the National Rifles Association (NRA) and the Republican-dominated Congress, he was able to buy the assault...

Brexit, multilateral trade and Bangladesh

Asjadul Kibria | 2016-06-29 00:00:00

The United Kingdom's (UK) decision to quit the European Union, known as Brexit, has spurred a new wave of debate on its impact on multilateral trading regime. Immediately after the referendum on June 23, 2016, when the majority wanted Britain...

BPDB incurs Tk 15 billion loss in Q4

Rezaul Karim | 2016-06-28 00:00:00

Bangladesh Power Development Board (BPDB) has incurred losses of nearly Tk 15 billion in the last quarter (April-June) of the current fiscal year 2015-16, worsening the government's subsidy burden on the private power sector, sources said. BPDP incurred losses due...

Investment rebate may rise to 25pc

Doulot Akter Mala | 2016-06-28 00:00:00

The proposed limit for individual taxpayers' investment rebate is set to be revised upward in the new finance act following widespread criticism of a squeeze. Official sources said the ceiling for investment rebate may be raised to 25 per cent...

Forex reserves cross $30b-mark

Siddique Islam | 2016-06-28 00:00:00

  Country's foreign exchange (forex) reserves crossed the US$30- billion mark Monday principally as the global market slump lowered import-payment pressures on the economy. The forex reserves rose to $30.001billion on the day, setting a new record, from $29.86 billion of...

‘Dilemma’ delays D-8 PTA ratification

Syful Islam | 2016-06-28 00:00:00

The government appears in two minds over ratification of D-8 PTA (preferential tariff agreement), as Bangladesh's motion pushing for the criterion of 30 per cent local value-addition as a least developed country (LDC) failed to sail through, officials said. A...

Saudi Arabia at a crossroads: NTP promises reform

Sayed Kamaluddin | 2016-06-28 00:00:00

The sharp fall in the global fossil oil prices since 2014 has put Saudi Arabia in deep trouble. Last 18 months of yawning budget deficit has put the Kingdom in tight spot. All major oil-revenue-dependent nations are in trouble, but...

Talking about proposed budget

Saleh Akram | 2016-06-28 00:00:00

The proposed national budget for FY2016-17 appears to be quite a traditional one if we look at its main features. Firstly, the size is only marginally bigger than that of the last fiscal. The size which was Tk.2836.79 billion last...

Energy and infrastructure: Conveyor-belt or constraint?

Imtiaz A. Hussain in the eighth article of a nine-part "Second-string sector survey" series | 2016-06-28 00:00:00

How do we convert second-string into mainstream industries/sectors? In other words, how do we bring back-burner industries/sectors on to the front-burner? Through previous articles in this series, we were exposed to the following gaps: energy-shortage, infrastructural deficiencies or absence, and...

A Nobel Laureate\'s dilemma: How best to combat poverty

Hasnat Abdul Hye | 2016-06-28 00:00:00

The brief article must have drawn the attention of many because of the name of the writer who is not a usual habitue of newspaper columns but has become a celebrity in the academia. It is a syndicated column that...

Growth-supportive monetary policy in focus

Siddique Islam | 2016-06-27 00:00:00

Spadework for framing country's new monetary policy gets going with the central bank focusing measures supportive of maximum economic growth with smooth credit flow into productive sectors.  The observations on the objectives were made at an internal preparatory meeting on...

Transit goods must enter BD in sealed covered carriers

Doulot Akter Mala | 2016-06-27 00:00:00

Goods in transit and transshipment from India have to enter Bangladesh in covered containers with unbroken seal as per modalities framed under the two-nation treaty.         The National Board of Revenue (NBR) has framed the draft rules under the protocol on...

DBBL to operate accounts of one ticket for all transport modes

Munima Sultana | 2016-06-27 00:00:00

 The Dutch-Bangla Bank Limited (DBBL) will maintain and operate accounts as clearing house of Rapid Pass for facilitating one ticket for all kinds of transport. Sources said the bank has been selected by the Evaluation Committee among four private sector...

Ranjit Biswas -- a great fighter

Helal Uddin Ahmed | 2016-06-27 00:00:00

One of my most favourite elder colleagues and renowned writer-cum-satirist Ranjit'Da (retired senior secretary of GOB Ranjit Kumar Biswas) is no more. His demise due to cardiac arrest at Chittagong Circuit House on Thursday evening (June 23, 2016) came to...

Creating an enabling environment for private investment

Muhammad Abdul Mazid | 2016-06-27 00:00:00

The national budget proposals have been made with the objective of (1) accelerating economic growth, reducing poverty, and creating higher employment opportunities which are required to implement the 7th Five Year Plan, (2) formulation of action plan to implement the...

Loopholes expose national savings schemes to abuse

Doulot Akter Mala and Siddique Islam | 2016-06-26 00:00:00

The National Savings Directorate (NSD) has recently sent a proposal to the Internal Resources Division (IRD) of the Ministry of Finance to lift the limit on investment in pensioners' savings scheme meant for government employees.   Substantial increase in retirement benefits...

When globalisation goes digital

Martin Neil Baily and James Manyika in Washington DC | 2016-06-26 00:00:00

American voters are angry. But while the ill effects of globalization top their list of grievances, nobody is well served when complex economic issues are reduced to bumper-sticker slogans - as they have been thus far in the presidential campaign....

ScholarTroop vows to create \'indelible impact\' on corporate world

Special Correspondent | 2016-06-26 00:00:00

US-based Global Entrepreneurship Summit (GES) has invited ScholarTroop to join Global Entrepreneurship Summit (GES) 2016 at Stanford University in Silicon Valley, California which is hosted by President Barack Obama.  ScholarTroop is a web-based scholarship matching and monitoring programme for meritorious...

The Brexit revolt

Harold James in London | 2016-06-26 00:00:00

With its vote to leave the European Union (EU), the United Kingdom has staged a revolt so forceful that it will shake - and potentially even destroy - the European project. Indeed, as the UK pursues its extraordinary experiment in...

Stocks keep sliding for third week

Babul Barman | 2016-06-25 00:00:00

Stocks extended their losing spell for the third week in a row that ended Thursday, as most of the investors continued their selling mood ahead of 9-day Eid festival and June-closing. Brokers said the majority number of investors kept themselves...

Do Ramadan prices suit every pocket ?

Sarwar Md Saifullah Khaled | 2016-06-25 00:00:00

Every year the holy month of Ramadan faces price hike of almost all commodities including the daily necessities even if the supply conditions are satisfactory. It has become a common practice of the country's business people to devour profit in...

Muhammad Ali, the boxing legend

Iftu Ahmed from Aurora, IL, USA | 2016-06-25 00:00:00

Muhammad Ali was the first man in the boxing history who secured the magnificent heavyweight championship three times and was one of the greatest sporting icons of the 20th century. For years Ali had been suffering from Parkinson's disease and...

Of Puerto Rico governor/creditor debt dialogue

Roberto O González Nieves and Heriberto Martínez | 2016-06-25 00:00:00

Almost a year ago, our Governor publicly stated that Puerto Rico's debt had become unpayable. Already at that time, our island was experiencing self-imposed austerity conditions. More schools continued to close, healthcare budgets slashed, police were laid off and we...