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Govt going to cut borrowing from banks to lowest level

Siddique Islam | 2016-02-02 00:00:00

The government is set to borrow Tk 12.50 billion from banks in February-the lowest single-month tally in the ongoing fiscal year-after slashing its target significantly for the last 13 days of January. Officials said the central bank had already announced...

Women in agriculture

Abdul Bayes | 2016-02-02 00:00:00

National-level information on labour force participation is available from the Labour Force Survey conducted occasionally by the Bangladesh Bureau of Statistics. The latest survey conducted in 2006 recorded a civilian labour force of 49.5 million, 25 per cent of whom...

The three fears sinking global markets

Antole Kaletsky in London | 2016-02-02 00:00:00

January is usually expected to be a good month for stock markets, with new money gushing into investment funds, while tax-related selling abates at the end of the year. Although the data on investment returns in the United States actually...

Garment exporters seek separate channel for quicker external trade

Doulot Akter Mala | 2016-02-01 00:00:00

The apex apparel body sought an alternative customs channel as an emergency byway alongside the global Asycuda world system that repeated failed them in cargo shipment. Interruption in the system earlier had held back export and import trade through the...

\'Space Apartments\' offers niche services

Special Correspondent | 2016-02-01 00:00:00

'Space Apartments' offers a unique combination of a hotel cum residence. "As one of the first 'serviced apartments' of Bangladesh, we aim to maintain international standards in terms of its service and quality," Faatin Haque, one of the directors of...

TIB finds faults in RMG success, BGMEA rejects allegations

Sarwar Md. Saifullah Khaled | 2016-02-01 00:00:00

A Transparency Internati-onal Bangladesh (TIB) report released in Dhaka on January 14, 2016 alleges that grafts are galore in the Bangladesh readymade garment (RMG) sector supply chain. The report is based on a joint survey of the Bangladesh and German...

Social business: Goal of emancipating the youth

Lamia Mohsin | 2016-02-01 00:00:00

With a staggering workforce of approximately 70 million, it is unarguably prudent to ascribe, in terms of traditional economic jargon, that one of Bangladesh's biggest and most potent 'factor endowments' is indeed the abundant supply of labour, a lion's share...

Alauddin Khan\'s treasure burnt

Neil Ray | 2016-02-01 00:00:00

"They didn't know what they were destroying" is the reaction of a maestro of Indian classical music, Pundit Jasraj. Indeed, the burning down of Alauddin Khan Sangeetayan at Brahmanbaria has been nothing short of a sacrilege. Dedicated to the memory...

Milking the consumers, freely

Shamsul Huq Zahid | 2016-02-01 00:00:00

Consumers in Bangladesh are always at the receiving end. Almost everybody is out to milk them when it comes to fixing the prices of daily essential items. They might be wondering at times which one of the two systems---the all...

The invention of inequality

Antonio Foglia in London | 2016-01-31 00:00:00

Everyone seems to be talking about - and condemning - today's rising level of economic inequality. Fueled by jarring statistics like Oxfam's recent revelation that the world's richest 62 people own as much wealth as the poorest 3.6 billion, popular...

Generous tax incentives for PPP investors under NBR study

Doulot Akter Mala | 2016-01-31 00:00:00

A generous pack of tax incentives for the investors in public-private partnership (PPP) projects is under consideration of the revenue authority to facilitate execution of big infrastructure projects. Officials said the proposed incentives would be in the form of exemptions...

BBA still undecided on Chinese offer

Munima Sultana | 2016-01-31 00:00:00

The Bangladesh Bridge Authority (BBA) is yet to take a decision about a Chinese company that has showed interest in building the Dhaka-Ashulia Elevated Expressway due to confusion about its ability in constructing infrastructures. Sources said, following allegations against the...

All set to set up Samriddhi Sopan Bank

Rezaul Karim | 2016-01-31 00:00:00

The government is finally all set to establish the proposed Samriddhi Sopan Bank (SSB), which will mainly function for welfare of the government employees, officials said. Ministry of Public Administration (MoPA) will take necessary steps to set up the bank...

Green financing: Addressing environmental challenges and climate change

Azmina Azad and Saeba Ruslana Abedin | 2016-01-31 00:00:00

Throughout the 20th century, the tendency to exert a negative influence on ecology has reached a high level, resulting in a rapid increase in environmental pollution, greenhouse gases (GHG) emissions in the atmosphere leading to global warming and climate change....

Performance and prospects of Islamic banking in BD

Saeba Ruslana Abedin | 2016-01-31 00:00:00

Globally, Islamic finance has experienced rapid expansion over the past decade, growing at more than 10% annually. Today, Shari'ah-compliant financial assets are estimated at approximately US$2.0 trillion, covering bank and non-bank financial institutions, capital markets, money markets and insurance. A...

SEZs in Bangladesh: An evolutionary approach

Muhammad Abdul Mazid | 2016-01-31 00:00:00

The creation of Special Economic Zones (EPZs) by Bangladesh is mainly motivated by the desire to attract foreign direct investment (FDI). The benefits a company gains by being in an EPZ may mean it can produce and trade goods at...

Army likely to get work for train links through Padma Bridge

Munima Sultana | 2016-01-30 00:00:00

 The Bangladesh Railway (BR) is considering to engage the Army to facilitate train links between Dhaka and southwestern districts through the Padma Bridge in order that it could be opened on the day of the bridge's inauguration. Sources said the...

Banks trying to be innovative to employ their excess funds

Siddique Islam | 2016-01-30 00:00:00

Commercial banks are now diversifying lending portfolios to invest their excess liquidity in non-traditional business activities along with traditional ones, bankers said. The banks have adopted a new business strategy because of the increasing mismatch between deposit and lending. Deposit...

Suu Kyi will need to do a lot of balancing

Zeenat Khan from Maryland, USA | 2016-01-30 00:00:00

On January 22, when I read a Reuter's report about Myanmar freeing fifty-two political prisoners, Neatji Subhas Chandra Bose came to mind. This past summer, I was finally able to finish the 336-page biography of my enigmatic hero Subhas Bose....

Creating agricultural value chains in South Asia

Veena Vidyadharan, Susan Mathew and Kyle Robert Cote | 2016-01-30 00:00:00

While there has been a remarkable progress in food grain production in Bangladesh during the past decade, more than 30 per cent of its population still struggles under-access to good quality food. Much of the reasons behind the lack of...

Misconceptions about Islamic modes of financing

Khaled Mahmud Raihan | 2016-01-30 00:00:00

Most-talked-about issue in the global financial arena is the emergence of Islamic banking. Global Islamic banking assets attained a compounded annual growth rate (CAGR) of around 17% over the last five years which is much higher than their conventional counterparts....

Nationalisation of education

Masum Billah | 2016-01-30 00:00:00

The recently retired education secretary Nazrul Islam Khan happened to meet the prime minister who wanted to know the number of schools, colleges and madrasas run in the private sector and how much additional money could be required to nationalise...

When killing instinct gets the better of sanity

Nilratan Halder | 2016-01-30 00:00:00

Narayanganj has long become a death valley in its own right. Bangladesh has no Kashmir to deal with but the number of killings and their horrific nature set this port town apart from rest of the urban concentrations in the...

150,000 public servants to come under tax-net

Doulot Akter Mala | 2016-01-29 00:00:00

The National Board of Revenue (NBR) eyes some 1,50,000 new individual taxpayers from public servants in the next tax year (2016-17) with the recent pay hike of the government officials that came into effect from July 1, 2015. All of...

Progress towards gender parity in education: An appraisal

S. M. Rayhanul Islam | 2016-01-29 00:00:00

In April, 2000, representatives from 164 countries' governments, together with representatives from regional groups, international organisations, donor agencies, non-governmental organisations (NGOs) and the civil society assembled in Dakar, Senegal, to set an agenda for achieving Education for All (EFA) by...

Modernising Bangladesh Railway

Nilratan Halder | 2016-01-29 00:00:00

Notwithstanding the government's emphasis on reviving the country's railway, the actual work has proved so far too little too late. On certain occasions, the programmes have simply misfired. A case in point is the introduction of Demu trains. Miscalculations like...

Technology generating unemployment

Saleh Akram | 2016-01-29 00:00:00

Ideally, growth attributable to improved technology should accompany increased job opportunities. But the global economy, which is struggling to keep pace with growth and is required to create adequate jobs, spells otherwise, according to a report presented at the World...

Most garment companies don\'t submit tax returns

Doulot Akter Mala | 2016-01-28 00:00:00

The revenue board has found 51 per cent of the garment companies refraining from submission of tax returns in what is seen as poor tax compliance in the country's main export industry. As per the finding, 49.28 per cent of...

VAT collection from DITF to reach Tk 20m

Ismail Hossain | 2016-01-28 00:00:00

Dhaka International Trade Fair (DITF) 2016 is going to bag record amount of revenue earnings, worth about Tk 20 million, in the form of value added tax (VAT) following rush of a significant number of visitors and buyers. According to...

Debate festival at Notre Dame College ends

Adree Islam Khan | 2016-01-28 00:00:00

Notre Dame Debating Club (NDDC) is regarded as the father of debate in Bangladesh, and thus, the 27th installment of the NDDC Nationals was a huge blip on the calendar for all debaters in the circuit. NDDC held their premier...