Doulot Akter Mala | 2016-02-11 00:00:00
Aggregate tax revenue collection fell short of target by 13.17 per cent until January of the current fiscal year (FY) due to sluggish economic activities and excessive target set for both income tax and Value Added Tax (VAT) wing. Shortfall...
Syful Islam | 2016-02-11 00:00:00
The Banks and Financial Institutions Division (BFID) has sought an allocation of Tk 150 billion for replenishing capital of state-owned banks (SoBs) in three fiscal years, officials said. In a letter this week the division requested the finance authorities to...
Mehrab Jamal | 2016-02-11 00:00:00
This article could be wrapped up with one question: When was the last time you saw hundreds of "likes" on an eye-opening "status" from a commoner, the same commoner who gets hundreds of "likes" on a photograph unnaturally beautified using...
write Mohammad Shahidur Rahman Khan and K. M. Kututb Uddin Romel | 2016-02-11 00:00:00
The objective of Basel accord is not to hinder business of banks. It is to direct the financial institutions towards sustainability for which it emphasises capital and risk mitigation through a disciplined balance-sheet. It may not necessarily certify that it...
Sarwar Md. Saifullah Khaled | 2016-02-11 00:00:00
The mosquito-borne Zika virus sweeping through South America has claimed three lives in Colombia, as the United Nations (UN) urged increased access to abortion because of fears of severe birth defects. Colombia's National Health Institute (INS) on February 05, 2016...
Mohammad Sakib Khaled | 2016-02-11 00:00:00
Let's begin by imagining a hypothetical world where we have learnt to predict an impending earthquake 15 minutes prior to the quake! What should the government do in such a situation? Many of you may agree that in such a...
Rezaul Karim | 2016-02-10 00:00:00
The government is going to prepare a priority-based guideline to take investment-related decisions promptly for encouraging domestic and foreign investors, officials said. The move has been taken at a recent meeting with the principal secretary of Prime Minister's Office (PMO)...
Shamsul Huq Zahid | 2016-02-10 00:00:00
People's perception about a particular issue or incident is not always static and it may change with the passage of time. The finance minister's stance on the scam involving the country's largest state-owned bank, the Sonali Bank, and the little...
Doulot Akter Mala | 2016-02-10 00:00:00
Payment of tax less than expected by the corporate taxpayers led to Tk 52.57 billion shortfall in the income tax revenue target for the first seven months of the current fiscal year, officials said. The National Board of Revenue (NBR)...
Munima Sultana | 2016-02-10 00:00:00
The World Bank (WB) has finally agreed to consider financing the bus rapid line-3 project as the design was changed to establish one-third of the corridor in the first phase. Sources said the WB showed its renewed interest in the...
Asjadul Kibria | 2016-02-10 00:00:00
As the year 2016 starts with a lot of troubles across the globe and everyone wishing for improvement, two forecasts in the first month of the year gave an ominous signal. The core message of these forecasts is rise in...
Zillul Hye Razi | 2016-02-10 00:00:00
Bangladesh Garments Manufacturers and Exporters Association (BGMEA) has recently set a goal to increase annual export of readymade garments to US$50 billion by 2021. There is also a roadmap chalked out by experts who were assigned by BGMEA to achieve...
Noore Alam Siddiqui | 2016-02-10 00:00:00
Uncompromising, honest and knowledgeable regulatory body is a vital requirement for disciplined and incorruptible financial institutions. In the midst of limitless corruption everywhere, the Bangladesh Bank has emerged as one of the few institutions of the country which are upholding...
Masum Billah | 2016-02-10 00:00:00
Dhaka is a unique city in many respects. It witnesses serious traffic jam on the one hand, and on the other, the crisis of transports makes the life of the city-dwellers miserable. The office-going people, commuters and children on way...
Siddique Islam | 2016-02-09 00:00:00
Most banks slashed the interest rates on deposits by 50 basis points this month while lowered lending rates only for selective areas, particularly corporate entities, bankers said. Most of the private commercial banks (PCBs) re-fixed their interest rates on term...
Saleh Akram | 2016-02-09 00:00:00
Economics is not a hard science, and mathematical models do not explain why people behave as they do. A much broader perspective is needed. Economists around the world are frequently asked: is the world is heading for another global financial...
Abdul Bayes | 2016-02-09 00:00:00
Rural people are generally engaged in different types of activities, and they can be segmented broadly into two groups. There are household-level work, often labelled as 'domestic activities', such as processing of food, cooking, child care, educating children, house-keeping and...
Syful Islam | 2016-02-08 00:00:00
New Delhi has backtracked from a move to slap anti-subsidy or countervailing duty (CVD) on import of Bangladeshi jute goods after consultation with Dhaka, officials said. Trade officials of the two countries debated over the issue last week in the...
Talha Bin Habib | 2016-02-08 00:00:00
The government is set to adopt a new industrial policy with creation of a high-priority industrial sector in focus to add an impetus to public-private partnership for spurring the economic growth. Other priority areas in the newly-drafted policy are ship-building,...
Neil Ray | 2016-02-08 00:00:00
Have the police reversed its role with anti-social goons? When the muggers and extortionists are maintaining a low profile, it seems the men in uniform have embarked on a mission of filling up the vacuum. At least a number of...
Shamsul Huq Zahid | 2016-02-08 00:00:00
The stock of unspent aid money has bulged to around $19 billion. The amount is enough to build as many as five bridges, each equivalent to the one now being built over the mighty river Padma. The bulging stock of...
Ohidul Alam | 2016-02-08 00:00:00
The capital Dhaka with its 360 square kilometre area and the population size of 16 million is one of the most densely populated cities in the world. For such a large population, the city area is small and inadequate. Besides...
Rezaul Karim | 2016-02-07 00:00:00
The government has constituted a high-powered inter-ministerial committee aiming to help accelerate the implementation of Padma Multipurpose Bridge, officials have said. The nine-member body styled "Project Steering Committee" (PSC) is headed by the secretary of Bridges Division. The project director...
Doulot Akter Mala | 2016-02-07 00:00:00
The Bangladesh Economic Zone Authority (BEZA) has run into difficulty with its offer of Value Added Tax (VAT) waiver for developers of economic zones (EZs) as the Ministry of Finance (MoF) finally refused to give such fiscal concession, officials said....
Sharjil Haque | 2016-02-07 00:00:00
Overall, macro and financial conditions in the world's second largest economy turned darker last year. Growth slumped to a 25-year low while deflationary risks intensified. Trade growth languished in negative terrain for much of the year. The bursting of an...
Munima Sultana | 2016-02-06 00:00:00
Bangladesh is among four countries chosen for studying roads, bridges and highways to prepare road infrastructure standard for the Asian Highway for ensuring safe journey through nearly 140,000 kilometre corridor, officials said. The United Nations Economic and Social Commission for...
Asjadul Kibria | 2016-02-06 00:00:00
Flow of net foreign direct investment (FDI) into the country registered 23.5 per cent growth last year, according to the latest official balance-of-payments (BoP) statistics, in a little recovery from past setbacks. The Bangladesh Bank (BB) released the update on...
Doulot Akter Mala | 2016-02-06 00:00:00
A newly-framed government policy would facilitate 'hassle-free' and expeditious release of capital machinery and spare parts imports for industries from seaports. Officials said the customs authority framed the policy aimed at relieving the importers of alleged hassles and harassment in...
Babul Barman | 2016-02-06 00:00:00
Stocks closed in the red last week that ended Thursday, extending the losing spell for the three weeks in a row as major economic updates and financial disclosures dominated the market movement. Analysts said that earnings driven movements dominated the...
Syful Islam | 2016-02-06 00:00:00
Government officials will sit with World Bank executives in Washington in mid-April for discussion of areas of mutual interest for further development of Bangladesh's financial sector, sources said. The meet is slated for April 11-14, a day before the inauguration...
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