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New investments in RMG sector drop sharply in first half of FY\\\'14

Badrul Ahsan | 2013-12-18 00:00:00

New investments in the country's readymade garment (RMG) sector dropped sharply in the first half of the current financial year following some tragic incidents and ongoing political unrest, sources said. High interest on bank loans, a protracted energy crisis during...

Investment in tourism: Malaysian model

Ziaul Haque Howlader | 2013-12-18 00:00:00

Until now, the countries, which have already witnessed a spectacular double-digit growth and appeared as internationally acclaimed tourism destinations, had to first attract foreign investment. If we mention some Asian countries like Maldives, Malaysia, Sri Lanka, and even Nepal, they...

Controversies surrounding Bt Brinjal

Shahana Bilkis | 2013-12-18 00:00:00

Bt Brinjal is the officially released first Genetically Modified (GM) food crop in Bangladesh. Bangladesh becomes the first in the region to grow a GM food crop. Consumers in the country have long been exposed to GM food through consumption...

Violence takes its toll on the service sector

Abul Basher | 2013-12-18 00:00:00

The Nobel laureate economist Arthur Lewis was the first to point out that in the early stages of development, the agriculture sector employs more labour than it requires. Many of them actually do not add anything to the total production...

Rajuk move to limit consulting firms to create monopoly

Shamsul Huda | 2013-12-16 00:00:00

By curbing thousands of existing professional engineers and architects' businesses, Rajuk plans to engage a limited number of 'eligible' firms for providing building designs to the people, sources said. According to the sources if Rajuk finally implements the new procedure...

BB cuts 1pc interest on EDF to help exporters recover losses

Siddique Islam | 2013-12-16 00:00:00

The central bank has slashed 1.0 per cent interest on its export development fund (EDF) scheme for the next six months aiming to help exporters recover their losses caused by the ongoing political unrest. Under the amended rules, exporters are...

No party time now

Neil Ray | 2013-12-16 00:00:00

12.12.12, they declared, was an auspicious day. Lovers fell for the sought-after date. There were marriages galore on that day last year. Call it a fad, if you like. But one thing remains unchallenged. Those who tied their knot will...

Victory Day celebration in a different setting

Shamsul Huq Zahid | 2013-12-16 00:00:00

The nation celebrates today the 42nd anniversary of its victory over the Pakistani occupation forces after a nine-month long bitter war in 1971. However, the Victory Day celebration this year is taking place in an altogether different setting marked by...

Whither aid and investment in Bangladesh?

Dr Muhammad Abdul Mazid | 2013-12-16 00:00:00

Bangladesh emerged independent from its blood-drenched Liberation War in 1971. Since the very beginning, the country has been regarded as a test case for development by economists, policymakers and programme administrators of donor countries and international financial institutions. Interest in...

Victory Day at a difficult time of national life

Zaglul Ahmed Chowdhury | 2013-12-16 00:00:00

December 16 is a day that carries such a significance which has no parallel in our national history. The occasion is inextricably linked with our entity as a sovereign nation in the world map. It was on this day in...

Political stalemate: Is a ‘breakthrough’ still possible?

Zaglul Ahmed Chowdhury | 2013-12-15 00:00:00

Apparently, Bangladesh's current political impasse is showing no sign of a breakthrough although some positive signals are, of late, discernible as the two warring sides are now engaged in a dialogue, in quest of a resolution of the crisis. However,...

Cotton import from Uzbekistan triggers row over warehouse

Doulot Akter Mala | 2013-12-15 00:00:00

The National Board of Revenue (NBR) is in a dilemma over allowing bonded warehouse facility on imported cotton from Uzbekistan as it found local buyers not in favour of the authorities monopolising import destination.   Local entrepreneurs want the import destinations...

Waste management under private sector

Khalilur Rahman | 2013-12-15 00:00:00

Private entrepreneurs have bright prospect in waste management business in the metropolis and other major cities. Investment in this field which still remains untapped can be a major source of earning. An international conference held in Dhaka last week dwelt...

Abe calls for stronger ASEAN ties to improve regional security

Elaine Lies and Mari Saito of Reuters from Tokyo | 2013-12-15 00:00:00

Japan and Southeast Asia must strengthen ties and ensure the region is based on the rule of law and not force, Japanese Prime Minister Shinzo Abe told Asian leaders at a summit on Saturday, amid heightened tensions over China's new...

Israeli-Palestinian deal possible by end-April, says Kerry

Lesley Wroughton of Reuters from Tel Aviv | 2013-12-15 00:00:00

Shrugging off gloomy predictions of failure, US Secretary of State John Kerry said on Friday that Israelis and Palestinians remained committed to peace talks and were on course to wrap up a full deal by April. Speaking at the end...

Corruption is everywhere and nowhere

John Lloyd of Reuters | 2013-12-15 00:00:00

Started a decade ago by the U.N.'s General Assembly, which states on its website that "corruption is a complex social, political and economic phenomenon that affects all countries…[it] undermines democratic institutions, slows economic development and contributes to governmental instability…[it] attacks...

BPDB to get 100mws electricity from renewable energy

Shamsul Huda | 2013-12-15 00:00:00

Bangladesh Power Development Board (BPDB) is likely to get 100 megawatts (MWs) electricity from its renewable energy projects by next year, sources said. The state owned Bangladesh Power Development Corporation (BPDC) has taken three large and one small solar renewable...

Thoughts on the natural way to learn English

Mohammad Polash Khan | 2013-12-15 00:00:00

"You won't believe this, but many of my ESL (English as a Second Language) students know more grammar than I do. I have learned loads of syntax knickknacks from my students. But at the end of the day, I'm 100%...

Govt move to bring all DC offices under high speed broadband

Jamal Uddin | 2013-12-15 00:00:00

The government took an initiative to bring all offices of deputy commissioners (DCs) under high speed broadband network connection by next couple of months, sources said. At present most offices are connected with single line internet connection that is insufficient...

IPO application process to be reduced to around 43 days

Mohammad Mufazzal | 2013-12-15 00:00:00

The securities regulator is on the way to introduce its guideline formulated to reduce investors' hassles by lessening the IPO (initial public offering) application process and time significantly, officials said.     According to the fresh guideline formulated by the Bangladesh Securities...

MDG performance versus the extreme poor

Md. A. Halim Miah | 2013-12-15 00:00:00

Bangladesh has made tremendous progress by attaining the Millennium Development Goal (MDG)-1 of halving the extreme poverty by 2015, two years ahead of time. But still there are some special pockets where the people are lagging behind as they are...

Harnessing forests for development

Md. Yunus Ali | 2013-12-15 00:00:00

As most of Bangladesh's population lives in plains and without enough tree cover, forests are almost an unknown entity for them. It is urgent, therefore, to shed light on forests and explain its utility. A forest is a land area...

Collection of income tax well below target

Doulot Akter Mala | 2013-12-14 00:00:00

Income tax collection in the first five months of the current fiscal year (FY) fell short of its target by nearly Tk 15 billion due to the ongoing political unrest that has cut down income, and import of commodities. The...

Bali delivers a \\\'balanced\\\' package

Pradeep S Mehta and Bipul Chatterjee | 2013-12-14 00:00:00

After months of intense negotiations in Geneva culminating with a ministerial conference, trade ministers finally delivered the Bali Package. As Indian trade minister, Anand Sharma, said: "A historic day for the WTO. India's food security concerns are addressed". Despite intense...

Biogas: The ultimate solution to energy crisis

Ekhlasul Haque | 2013-12-14 00:00:00

The energy crisis is one of the crucial issues in Bangladesh as well as across the world. Our national grid is facing a severe shortage of gas after installation of new power plants in the country. The government is coming...

Inclusive business ventures and poverty reduction

Chowdhury Mohidul Haque | 2013-12-14 00:00:00

Following successful experiments in 'inclusive business ventures' in a dozen of developing countries of the world, the Government of Bangladesh and the country's development partners are now talking about inclusive business initiatives. Inclusive business ventures have attained success in the...

Govt assessing production, demand of 20 major essential items

Rezaul Karim | 2013-12-14 00:00:00

The government has started a process of assessing production and demand of 20 major essential items to help check their untoward supply crisis and price spiral in the domestic market, official sources said. Under the move, the Ministry of Commerce...

Most ICX operators struggling for survival in saturated mkt

Jamal Uddin | 2013-12-14 00:00:00

Most of the operators doing Interconnection Exchange (ICX) business in the country are struggling for survival in the competitive and saturated telecom market, sources said. Currently, too many companies are engaged in the limited ICX business in Bangladesh, they said...

2 PCBs default on LC payments

Syful Islam | 2013-12-14 00:00:00

Two private commercial banks (PCBs) were allegedly not making payment against letters of credit (LCs), opened with the PCBs and insured by a sister concern of the Islamic Development Bank (IDB), sources said. The LCs involving US$ 374,220 were opened...

Did 2013 Commonwealth summit achieve growth with equity?

Masum Billah | 2013-12-14 00:00:00

Sri Lanka hosted the 23rd Commonwealth summit this year which was opened with a dazzle of dancers and red-carpeted stairway lined with smiling children to greet leaders from its member states. At a lavish opening ceremony held at the Nelum...