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Bangladesh as an LMIC: What are the implications?

Muhammad Shafiullah | 2015-07-15 00:00:00

The World Bank classified recently Bangladesh as a lower middle income country (LMIC), lifting it from a low income country (LIC). Every year in June, marking the end of its fiscal year, the World Bank classifies economies based on their...

Steadying the path from LMIC to UMIC with lower income inequality

Sadiq Ahmed in continuation of his economic analysis | 2015-07-15 00:00:00

The primary reason for income inequality in a market economy is the unequal initial distribution of physical wealth and human capital. Unless checked and offset by corrective policies, this initial unequal distribution tends to get magnified as income grows because...

Promoting green businesses in Bangladesh

Jewel Kumar Roy | 2015-07-15 00:00:00

Production of goods and services, investment, laws and policies all have their respective impact on environment. There are many eco-friendly financial instruments available in the world today. Some of these are eco-investment, green investment, green banking, green stocks, green bonds,...

Soaring cotton consumption and GM seeds

Sayed Kamaluddin | 2015-07-15 00:00:00

Cotton consumption in the country has been rising about six to eight per cent a year since 2005 to meet the rising demand of the booming readymade garment industry. In the process, Bangladesh has emerged as the second largest importer...

Bitter pills for Greeks to swallow

Maswood Alam Khan from Maryland, USA | 2015-07-15 00:00:00

David had loaned his friend John $500 last year, $500 the year before and $500 the year before that. David knows John's income potential is such that he would never pay any of the loans back. David in desperation lastly...

Stocks end higher for 6th day

FE Online Report | 2015-07-14 00:00:00

Stocks extended their gaining streak for the six running sessions on Tuesday, the last trading day before Eid vacation as investors remained active in the market amid encouraging earning season. DSEX, the prime index of the Dhaka Stock Exchange (DSE),...

DSE, CSE up at opening

FE Online Report | 2015-07-14 00:00:00

The Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) witnessed upward trend in early hour of trading on Tuesday, the last session before a six-day Eid vacation. DSEX, the prime index of the DSE, went up by 14.76...

No decision yet on two busy intersections

Munima Sultana | 2015-07-14 00:00:00

The government is still undecided about how to overcome the problem with the Dhaka-Chittagong corridor's two busy intersections that pose big barriers to uninterrupted traffic. Though a move was taken recently to construct a flyover at one intersection, no decision...

Govt earns Tk 18.52b from stock mkt in last five fiscals

Mohammad Mufazzal | 2015-07-14 00:00:00

Government's overall revenue earnings from the capital markets declined significantly after the fiscal year (FY) 2010-11 mainly because of poor market turnover. In last five FYs, the government earned a total of above Tk 18.52 billion from both the stock...

Worldtel involved in \\\'illegal\\\' telephony

Khairul Islam | 2015-07-14 00:00:00

The country's oldest private PSTN operator Worldtel Bangladesh Limited is likely to lose spectrum for its alleged involvement in "illegal" telephony services, sources said. Sources close to the Bangladesh Telecommunication Regulatory Commission (BTRC) said the Spectrum Management Division was asked...

Eid shoppers go online

Ismail Hossain | 2015-07-14 00:00:00

Eid shoppers now prefer to do shopping online before this Eid-ul-Fitr due to nagging traffic jam on streets, heavy crowd at shopping malls and boom in access to Internet. Apart from online marketers, famous local brands are also offering Eid...

SDG 2: Creating new paths for nutrition, agriculture and food systems

Anna Lartey | 2015-07-14 00:00:00

The year 2015 presents a unique opportunity for the global development community to build on and strengthen the momentum initiated by the Millennium Development Goals (MDGs). Scheduling the launch of the post-2015 development agenda for September 2015 provides us with...

Why Muslims are killing Muslims in the name of Islam

M. Serajul Islam | 2015-07-14 00:00:00

The Islamic State (ISIS), despite the media hype in the US of possible attacks by it in the US cities during the 4th of July weekend that came and went without any incident, has been and continues to be a...

Is the world heading towards a global food shock?

B K Mukhopadhyay from Kolkata | 2015-07-14 00:00:00

A new report envisions a nightmare scenario - only three of the climatic disasters could lead to global food shock. Food riots become inevitable as the price of basic crops skyrockets and stock markets experience terrible losses. The risk assessment...

Stocks extend gaining spell for 5th day

FE Online Report | 2015-07-13 00:00:00

Stocks edged higher for the fifth running sessions on Monday as investors continued their buying spree amid optimism. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 13.65 points or 0.29 per cent to finish at...

Stocks open positive amid volatility

FE Online Report | 2015-07-13 00:00:00

The Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw positive trend in early hour of trading on Monday, the second session of the week. DSEX, the prime index of the DSE, went up by 8.66 points or...

Stocks open positive amid volatility

FE Online Report | 2015-07-13 00:00:00

The Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw positive trend in early hour of trading on Monday, the second session of the week. DSEX, the prime index of the DSE, went up by 8.66 points or...

ADB starts procurement risk assessment soon

Syful Islam | 2015-07-13 00:00:00

The Asian Development Bank (ADB) will soon start the assessment of procurement risks as it is finalising the next country partnership strategy (CPS) for Bangladesh for 2016-2020 period, officials said. The lender has recently sought permission from Economic Relations Division...

Bourses allowed to quiz auditors, valuers of cos willing to go public

Mohammad Mufazzal | 2015-07-13 00:00:00

Stock exchanges have been allowed to quiz the auditors and valuers of the companies willing to go public for preparing realistic recommendation required for regulatory approval to IPO proposals, officials said. The Bangladesh Securities and Exchange Commission (BSEC) has included...

Chinese footwear with better finishing attracts Eid shoppers

Badrul Ahsan | 2015-07-13 00:00:00

Imported footwear, mostly from China, has flooded the city markets as there are a few local companies to supply shoes with better finishing, traders said. Traders said more than 60 per cent of total non-branded footwear are imported from China....

Move to spearhead global propaganda

Rezaul Karim | 2015-07-13 00:00:00

The government is set to launch a worldwide campaign to highlight the country's economic and social achievements, including its recent upgradation to the lower middle-income country (LMIC) status, officials said. The move has been taken to help improve the country's...

The garment sector must not face the fate of jute industry

Sarwar Md. Saifullah Khaled | 2015-07-13 00:00:00

The jute growers, jute industry and the jute industrial workers were once the driving force of our economy. The same role is now being played by the garments industry and garment workers in our economy.  If we look back to...

Are discounts a real price cut?

Neil Ray | 2015-07-13 00:00:00

There are discounts galore now. It is a proven marketing strategy employed, more often than not, successfully to attract customers. Now the question is, if pre-Eid shopping is compulsively brisk, why should manufacturers or traders feel it necessary to lower...

Revisiting tailbacks on roads

Shamsul Huq Zahid | 2015-07-13 00:00:00

There is something called stale news. Readers do usually take little interest in the content of news items that is already known to them. But one news that Dhaka newspapers never count as stale is the traffic tailback on the...

Deaths from stampede and the like

Maswood Alam Khan from Maryland, USA | 2015-07-13 00:00:00

When they were rushing to collect charity handouts, some new clothes to wear on the coming Eid, they did not know they were hurrying at death's door. Instead of smile they were awaiting to be brought on their faces the...

DSE turnover crosses Tk 5b-mark again

FE Online Report | 2015-07-12 00:00:00

Stocks edged marginally higher on Sunday, extending the gaining spell for four straight sessions as investors continued their buying spree amid optimism. DSEX, the prime index of the Dhaka Stock Exchange (DSE), crossed the 4,600-mark and ended at 4,615.19, gaining...

Capital lacks AC bus service in absence of govt support

Munima Sultana | 2015-07-12 00:00:00

The mega city of Dhaka lacks air-conditioned (AC) bus service for its vast middle class people in absence of government support to encourage private operators for making profit in the traffic jam-prone city, experts and sector insiders said. Private bus...

17 BR dev projects get time extended

Badrul Ahsan | 2015-07-12 00:00:00

Many development projects, taken up for Bangladesh Railway (BR), have seen slow progress in implementation due to bureaucratic tangles and indecision of the authority concerned. The authority has extended the time for implementation of at least 17 projects, out of...

Top officials of Chic Textiles yet to be nabbed despite arrest warrant

Mohammad Ali | 2015-07-12 00:00:00

None of the two alleged scamsters of 1996 share market is yet to be nabbed despite the arrest warrant issued by the capital market Special Tribunal against them two weeks back, officials said. "They are top officials of Chic Textiles",...

Beefed-up vigil helps slash seizure of smuggled items

Badrul Ahsan | 2015-07-12 00:00:00

Seizure of almost all the smuggled items, including gold, decreased in the last financial year as smugglers had brought in less volume of the precious items in the face of strong vigilance by the law enforcers, officials said. According to...