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Govt opens negotiation with AIIB for $165m loan

Rezaul Karim | 2016-06-05 00:00:00

The government has started negotiation with the AIIB for US$ 165 million worth of pledged loan from China-led development bank -- the first loan for the country from the international lender, officials said. "The first negotiation meeting with the Asian...

Wide spread widens yet as depositors rue

Siddique Islam | 2016-06-05 00:00:00

Overall interest-rate spread in the country's banking sector yet widened slightly as commercial banks slashed interests on deposits more than on lending, despite pleas for bridging the gap. The weighted average spread between lending and deposit rates offered by the...

G-7 summit, China and rising global tensions

Sayed Kamaluddin | 2016-06-05 00:00:00

Amid rising tensions in Asia, Europe and the Middle East, the high-profile annual G-7 summit of the world's rich countries held in Japan's quiet Ise-Shima town on May 26-27, 2016, rhetoric apart, "didn't deliver much," observers said at the end...

Budget 2016-17: Neo-liberal stance dominates

Asjadul Kibria | 2016-06-05 00:00:00

In line with his previous efforts, Finance Minister AMA Muhith has outlined another national budget. As such the prime objective of the proposed budget for the upcoming fiscal year 2016-17 (FY17) remains to be 'marching towards growth'. It, however, explicitly...

Education: A tale of two cities

Rana Chowdhury from London | 2016-06-04 00:00:00

While most people may struggle to decipher an acronym if they are put on the spot but students who have just scored a GPA 5 in SSC are surely expected to know what GPA stands for.  In a well-publicised recent...

Mango cultivation in Bangladesh

Md Saifullah Khaled | 2016-06-04 00:00:00

Mango is the leading seasonal cash crop of the country's northwestern region and dominates the economy in the four districts: Rajshahi, Chapainawabganj, Naogaon and Natore. As the growers in general are interested to farm mango, its inter-cropping gains momentum in...

Seasons are changing under influence of El Nino

Nilratan Halder | 2016-06-04 00:00:00

El Nino influence was reportedly responsible for a near absent winter in this part of the world. Temperatures recorded the highest in a decade or over more than half a century in several places in the South Asian region this...

World Environment Day 2016: Go Wild for Life

Md Touhidul Alam Khan | 2016-06-04 00:00:00

World Environment Day (WED) is the United Nations' most important event to encourage worldwide awareness and actions for the protection of our environment. Since it began in 1974, it has grown to become a global event celebrated in over 100...

RMG in Bangladesh vis-à-vis global supply chain

Muhammad Faisol Chowdhury | 2016-06-04 00:00:00

As the main focal point of the readymade garment (RMG) industry has shifted from in-house production by foreign retailers to manufacturers and exporters in the form of outsourcing and offshoring, it is not only the quality parameters which attract foreign...

Muhith optimistic about hitting bull\'s eye

Shamsul Huq Zahid | 2016-06-03 00:00:00

Finance Minister AMA Muhith, apparently, guided by the idiom, 'think big', Thursday placed before parliament the proposed national budget for the fiscal year (FY) 2016-17 that might appear a bloated one in the context of the government's revenue earning performance...

SoBs see 60pc fall in recapitalisation fund

Siddique Islam | 2016-06-03 00:00:00

The allocation for state-owned banks' recapitalisation is set to fall by 60 per cent for the next fiscal year (FY) 2016-17 compared to the original budget for the outgoing fiscal. The allocation for the SoBs is to come down to...

The gender issue in development work

S. M. Rayhanul Islam | 2016-06-03 00:00:00

The gender issue is considered a critical element in achieving decent work for all women and men, in order to effect social and institutional change that leads to sustainable development with equity and growth. It is a way of looking...

Yes to educational reform but no to frequent experiments

Nilratan Halder | 2016-06-03 00:00:00

Understandably, the National Education Policy cannot be implemented overnight. But then the process must start at some point. Now where it gets going is crucial. Reportedly, the government has decided to extend the primary education up to class VIII and...

Soil status in Bangladesh

Abdul Bayes | 2016-06-03 00:00:00

Funded by the Department for International Development (DFID) of the UK, the Research and the Evaluation Division (RED) of BRAC conducted a diagnostic study on agricultural sector of Bangladesh.  Reviewing the last four decades of progress and problems, the main...

GRI conference opens up a new era of corporate disclosure

Md. Touhidul Alam Khan | 2016-06-02 00:00:00

The 5th GRI Global Conference held on May 18-20, 2016 at Amsterdam, the Netherlands called on companies and organisations for stepping out from their comfort zones, become truly innovative and contribute to global initiatives such as the UN Sustainable Development...

Sadiq Khan\'s victory shows Islam is compatible with western society

M. Serajul Islam | 2016-06-02 00:00:00

British Prime Minister David Cameron has called Sadiq Khan a "proud Muslim" and a "proud Brit" when the two shared a common platform on the issue of Britain remaining in the European Union recently. The exact words with which he...

HRM versus administration

S. M. Waliullah Hossain (Tushar) | 2016-06-02 00:00:00

Most people including the young who are on the verge of their graduation are under the impression that functions of human resource management (HR or HRM) and administration are the same and HR is apparently synonymous with administration.  The popular...

Investment climate: Prospects and challenges

Abu Afsarul Haider | 2016-06-01 00:00:00

Investment (both foreign and domestic) is a key determinant of economic growth and development. It is also considered an engine for job creation. Currently, investment is facing a pitiable situation in Bangladesh. According to a report of the UN Conference...

LDCs\' 10 questions on rules of origin

Asjadul Kibria | 2016-05-31 00:00:00

Flexibility introduced in the rules of origin (ROO) by the World Trade Organisation (WTO) in its last ministerial conference has emerged as a major gain for the Least Developed Countries (LDCs).   The outcome of the ministerial conference, held in the...

Resisting child marriages

Abdul Bayes | 2016-05-31 00:00:00

A recent conference in Copenhagen called 'Women Deliver' opened up our eyes in many ways. A galaxy of eminent women, including Melinda Gates, stole attention of the conference with their wisdom. Especially, Melinda's clarion call for accurate data generation for...

World traveller vs bureaucracy

Neil Ray | 2016-05-30 00:00:00

A report on the ordeal of a 63-year-old Bangladesh-born Canadian citizen carried in a leading Bangla contemporary on Friday gives an insight into the country's bureaucracy. Freedom fighter Abdus Sattar, an accountant by profession, was on a world tour with...

Double trouble for consumers

Shamsul Huq Zahid | 2016-05-30 00:00:00

One kilogramme (kg) of sugar used to cost a consumer below Tk 40 until the first week of August last year. But since the third week of the same month, the price of the item started soaring and, after nine...

Taxing income from house property

Akhter Zamil | 2016-05-30 00:00:00

Dispute regarding annual value and income from housing property has been a major point of dispute among the assessee and the tax officials over the years. The officials often arbitrarily estimate the rental income without verifying the reality and violating...

Turning long-term savings into long-term investments

Saleh Akram | 2016-05-30 00:00:00

For global economy, the year 2016 dawned not with a bang but a whimper. It had a turbulent start in a situation when  stock markets were plummeting; emerging economies were reeling under the pressure of falling commodity prices; Europe was...

Female empowerment through education

Shoeb Mohammad Ekramul Haque | 2016-05-29 00:00:00

Napoleon Bonaparte once made a visionary statement about female education: 'Give me an educated mother, I shall promise you the birth of a civilized, educated nation'. Female education has become a very important issue in Bangladesh. In fact, nondiscriminatory education...

Britain\'s EU referendum: A perpetual Europe debate

Rana Choudhury from London | 2016-05-29 00:00:00

Britain is split over European Union. Both pro- and anti-EU camps assume that a stay/leave referendum next month is a process that will be able to settle this issue conclusively. Winston Churchill once declared that "we are in Europe, but...

Reforms a must for settling taxation disputes

Akhter Zamil | 2016-05-29 00:00:00

For quite some time, the world has been observing an incredible upward curve of the Bangladesh economy. Without any doubt, today's Bangladesh is an emerging force to be reckoned with. But unfortunately the taxation system of the country is not...

Child budget and our expectations

Chowdhury Md TayubTazammul (Rana) | 2016-05-28 00:00:00

Bangladesh has made substantial progress in reducing poverty. We have seen consistent 6 per cent economic growth coupled with social development throughout the last decade. Bangladesh is now one of the sixteen countries of the world where the goals of...

Risk management practices and limitations in banking sector

Md Touhidul Islam | 2016-05-28 00:00:00

The most-talked-about issue in the recent banking arena is risk management which is considered to be the prudential means for ensuring sustainability as well as financial stability of banking business. The role of risk management is very critical in the...

When a marriage ends abruptly

Nilratan Halder | 2016-05-28 00:00:00

Wedding in the evening and divorce by the next morning! This sounds incredulous but it is not. It happened in a village of Bijnor district under Uttar Pradesh, India. The crux of the matter was an alleged theft by relatives...