Mohammed Norul Alam Raju | 2015-01-22 00:00:00
Bangladesh is undergoing a transformation toward urbanisation at a remarkable pace. Its urban population has grown at an average rate of 6.0 per cent per annum since independence. About 40 million people now live in urban areas, 21 per cent...
Maximilian Martin | 2015-01-22 00:00:00
The 2014 Dhaka Apparel Summit (December 07-08) marks a watershed in setting ambitions for the future of Bangladesh's textile and garment industry. Our research indicates an annual efficiency savings opportunity in Bangladesh worth over one billion dollar that, if seized,...
Rezaul Karim | 2015-01-22 00:00:00
The government is reviewing a proposal of the aviation regulator to waive payment of non-tax income after a push from the agency, a finance ministry official said. The Civil Aviation Authority of Bangladesh is under obligation to pay Tk 550...
Shah Alam Nur | 2015-01-21 00:00:00
The services sector including transport, hospital, tourism and courier service has been incurring substantial loss due to the ongoing countrywide blockade, people concerned said. They said the ongoing countrywide blockade has come as a massive blow to the country's services...
Doulot Akter Mala | 2015-01-21 00:00:00
Revenue collection for the national exchequer suffered an aggregate Tk 20-billion shortfall in the first half of the current fiscal year (FY), according to provisional data, while more depressing signs are ostensibly heralding the last part. Provisional data of the...
Shamsul Huq Zahid | 2015-01-21 00:00:00
The mismatch between two statistics, maintained by the National Board of Revenue (NBR) and the office of the Comptroller and Auditor General (CAG), on direct tax revenue collected during the last fiscal (2013-14) is not confirmed yet. But it has...
M Jalal Hussain | 2015-01-21 00:00:00
World leaders, present and past, have been trying hard to alleviate poverty from their respective countries. Some leaders declared war against poverty fifty years back and some of them became successful to a great extent. Poverty is a worldwide phenomenon...
Shoriful Islam | 2015-01-21 00:00:00
The concluding days of the last year and the opening month of the current one could be considered among the most disturbing times for Bangladesh in terms of domestic political scenario. The period has been witnessing hartal (stoppage), 'blockade', etc....
Abdul Bayes | 2015-01-21 00:00:00
The food security situation in Bangladesh has improved marginally but more needs to be done. Especially, the government has a major role to play in this regard. Experiences of the developed countries show that when per capita cereal consumption as...
Mohammad Ali | 2015-01-21 00:00:00
The judge of the long-awaited special tribunal on the capital market finally assumed Monday his office with its incomplete courtroom, where offenders in share trading are to stand in the dock to face trial "From now on, the judge will...
Mohammad Mufazzal | 2015-01-21 00:00:00
The securities regulator has sought detailed information from the Investment Corporation of Bangladesh (ICB) on operational and management aspect of the country's largest and oldest mutual fund--ICB Unit Fund, officials said. Official sources of the Bangladesh Securities and Exchange Commission...
Syful Islam | 2015-01-21 00:00:00
Bangladesh is ready to pay US$400 million to subscribe a significant stake in the China-mooted Asian Infrastructure Investment Bank (AIIB) in view of its position in global and regional atmosphere of present times, officials said. "Our government's decision is subscribe...
Doulot Akter Mala | 2015-01-20 00:00:00
A review committee has recommended upward adjustment of the minimum ceiling of value added tax (VAT) exemption to Tk 3.6 million turnover considering the hurdles the small businesses encounter in record keeping. Earlier, the VAT law, to be implemented from...
Doulot Akter Mala | 2015-01-20 00:00:00
The Customs and the Bangladesh Bank (BB) have taken a joint initiative to launch electronic letter of credit (LC) system in a bid to check duty evasion and money laundering through false declaration of import-export products. The e-LC system will...
Shamsul Huda | 2015-01-20 00:00:00
Some procedural complexities arising over the drafting process are slowing down the finalisation of the proposed Bangladesh National Building Code (BNBC). Professor Sk Sekender Ali, director of the Bureau of Research, Testing and Consultation (BRTC) under Civil Engineering Department of...
Siddique Islam | 2015-01-20 00:00:00
The central bank directed the management of the crisis-ridden BASIC Bank Limited to reduce the volume of non-performing loans (NPL) through intensifying recovery derives. Officials said the instruction was made at a review meeting with the BASIC Bank management held...
Mohammad Mufazzal | 2015-01-20 00:00:00
The securities regulator will make its strategy of approving IPO (initial public offering) proposals public soon, officials said. The regulatory move came over an ‘embarrassing situation’ of receiving a letter recently sent by Ministry of Finance (MoF) for ensuring 'strict'...
Asjadul Kibria | 2015-01-20 00:00:00
Transferring money and financial assets illegally from one country to another is not a new phenomenon. History of development shows that such illegal transfer of financial assets has been taking place in different countries at different times over the last...
Syed Jamaluddin | 2015-01-20 00:00:00
The Dhaka-based foreign diplomats have expressed concern about the prevailing political situation in the country. The European Union (EU) is concerned about shrinking of democratic space in the country. The envoys of EU member-countries raised this issue during a briefing...
Shah Alam Nur | 2015-01-20 00:00:00
A high-powered body formed by the government has started sorting out the pending applications for new gas connections to industrial units which can be completed by March, officials said. They said the committee will give priority on the entrepreneurs who...
Talha Bin Habib | 2015-01-19 00:00:00
Bangladesh has finalised the revised draft proposals on coastal shipping agreement with India, putting in place some new clauses relating to third-party insurance, officials said. Besides, another clause has also been incorporated in the draft proposal, under which Bangladesh ship...
Doulot Akter Mala | 2015-01-19 00:00:00
The data on income tax collection compiled by the National Board of Revenue (NBR) for 2013-14 show the receipts Tk 48.41 billion higher than the figure available with the Comptroller and Auditor General (CAG), creating confusion in fiscal planning. A...
Syful Islam | 2015-01-19 00:00:00
The Exim Bank of China has requested Bangladesh to expedite the process of signing the commercial contracts on seven development projects to be funded by it, officials said. "Our bank attaches great importance to the cooperation with the Economic Relations...
Md. Nayem Alimul Hyder | 2015-01-19 00:00:00
The Parent's Care Act, 2013, a law to ensure social security for the senior citizens, legally compels the children to take good care of their parents. According to the law, the children will have to take necessary steps to look...
Neil Ray | 2015-01-19 00:00:00
Now that that country is in the grip of political mayhem, discourses on its future are naturally debased. A kind of ennui among the general public has not helped the cause of sharpening awareness of ideas, particularly those concerning civil...
Shamsul Huq Zahid | 2015-01-19 00:00:00
Signs are rather ominous that the government might be in trouble in the coming months as far as its fiscal management is concerned. And if that happens, the first casualty will be the annual development programme for the current fiscal...
Hasnat Abdul Hye | 2015-01-19 00:00:00
It was thought that the BNP-led 20-party Alliance would take a leaf out of the recent chapter in political agitation in the country. The experience of the outcome of the most intensified opposition movement during the months preceding the last...
Stephen Kalin of Reuters in Tokyo | 2015-01-19 00:00:00
Japanese Prime Minister Shinzo Abe warned on January 17 that the world would suffer an "immeasurable loss" if terrorism spreads in the Middle East and pledged about $200 million in non-military assistance for countries battling Islamic State. The threat of...
John Chalmers and Sanjeev Miglani of Reuters in Colombo | 2015-01-19 00:00:00
Sri Lanka expelled the Colombo station chief of India's spy agency in the run-up to this month's presidential election, political and intelligence sources said, accusing him of helping then opposition oust former President Mahinda Rajapaksa. An Indian foreign ministry spokesman...
Talha Bin Habib | 2015-01-18 00:00:00
Rainfall in some parts of the country on Saturday is likely to bring a mild cold-wave from middle of the current week, officials said. "The temperature might fall from one to three degrees Celsius, once the cloud in the sky...
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