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The Financial Express

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BIMSTEC — as it evolves to transform itself into a platform of regional cooperation

BIMSTEC — as it evolves to transform itself into a platform of regional cooperation

M Shahidul Islam 2019-10-02 21:22:39

The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation, better known by its acronym BIMSTEC, is a unique regional organisation that brings together seven member states surr...

What economists still need to learn

What economists still need to learn

Mark Cliffe in Amsterdam, Netherlands 2019-10-01 20:58:14

Macroeconomics was one of the casualties of the 2008 global financial crisis. Conventional macroeconomic models failed to predict the calamity or to provide a coherent explanation for it, and thus wer...

Britain needs to be careful about its Brexit route

Britain needs to be careful about its Brexit route

Muhammad Zamir     2019-09-29 22:15:42

After months of indirect and oblique threats, British Prime Minister David Cameron wrote a letter to Donald Tusk President of the European Council on 10 November 10, 2015. He demanded a renegotiation...

Lessons to learn from Chinese experiences

Lessons to learn from Chinese experiences

Dilip Barua 2019-09-29 21:56:30

The Chinese are an innovative and diligent nation. They have created a highly sophisticated civilisation and contributed significantly to human progress over the course of 5,000 years. In the past, C...

Curbing money laundering: British example

Curbing money laundering: British example

S M Abu Nayem Ahmed 2019-09-28 21:25:21

Revelations of Panama and Paradise Papers brought the issue of money laundering and its prevalence for many countries including ours. The Panama Papers revealed names of world leaders, drug peddlers...

The global retreat of free trade

The global retreat of free trade

Hector R. Torres in Buenos Aires, Argentina 2019-09-27 20:49:22

In the 1980s, US President Ronald Reagan's administration forced Japan to accept "voluntary" restraints on its exports, particularly of automobiles, in order to reduce America's trade deficit and prot...

It was the day of populist strongmen

It was the day of populist strongmen

Thalif Deen 2019-09-27 20:41:44

The United Nations is an institution which promotes multilateralism and preaches some of the basic tenets of multiparty democracy and liberalism, including the rule of law, universal human rights, fre...

Digitalisation adjustments: Obstacles, outlets

Digitalisation adjustments: Obstacles, outlets

Imtiaz A Hussain 2019-09-26 21:16:34

Since digitalisation has entered so much into our vocabulary and vocation, the obvious challenges have also bred counter-strategies. As noted in the previous Scopus (September 24, 2019), Farnam Jahani...

Too many cars, gridlocks and the remedies

Too many cars, gridlocks and the remedies

Shihab Sarkar 2019-09-26 21:15:13

In its 400-year-old survival, the growth of urban Dhaka has occurred at a faltering and leisurely pace. Older than many of world's highly advanced cities, the city has started experiencing its progres...

Removing irritants in Bangla-India relations

Removing irritants in Bangla-India relations

Kamal Uddin Ahmed 2019-09-26 21:11:41

Prime Minister Sheikh Hasina is scheduled to make an official visit to New Delhi from October 3-6. This will be her first visit since assuming office for the third consecutive term in January 2019. Th...

Addressing corruption in education

Addressing corruption in education

S. M. Rayhanul Islam 2019-09-26 21:10:24

Education is a basic human right as well as a catalyst for social change. All around the world, it is seen as the key to a better future, providing the essential tools that people need to sustain thei...

Enacting a comprehensive policy on services trade

Enacting a comprehensive policy on services trade

Asjadul Kibria   2019-09-25 20:28:07

In the middle of this month, the World Trade Organisation (WTO) released Services Trade Barometer (STB) to track the pace of global trade in commercial services.  This is the first time WTO int...

How Bangladesh law covers factoring

How Bangladesh law covers factoring

MS Siddiqui 2019-09-24 21:54:58

The Bangladesh Bank (BB) has recently circulated a draft policy on "Export under open account and repatriation of export proceeds by factoring on non-recourse basis" seeking opinions from stakeholders...

True peace is inseparable from achievement of true justice

True peace is inseparable from achievement of true justice

Anna Shen 2019-09-24 21:16:08

In a world of increasing fragility and declining resources, can the world foster peace? With a looming climate crisis, is war inevitable? Will nuclear war be the final result? Are women the ultimate p...

Expansive technologies, defensive education: Ad-hoc solutions

Expansive technologies, defensive education: Ad-hoc solutions

Imtiaz A. Hussain 2019-09-23 20:51:05

It was with the 18th century Industrial Revolution that education was brought down to earth from the ivory-tower, that is, to more practical considerations/applications than the chimerical and ideal...

Economic corridors and Delta Plan: Integration for sustainable development

Economic corridors and Delta Plan: Integration for sustainable development

Shafiq Alam   2019-09-23 20:29:33

Bangladesh Investment Development Authority (BIDA) has initiated development of two economic corridors in the country. This are-- North-East Corridor to connect the economic hubs mostly along the Dhak...

A brief guide to the impacts of climate change on food production

A brief guide to the impacts of climate change on food production

Daisy Simmons   2019-09-21 20:22:05

Food may be a universal language - but in these record-breaking hot days, so too is climate change. With July clocking in as the hottest month on Earth in recorded history and extreme weather ramping...

Roaming travellers and their world views

Roaming travellers and their world views

Shihab Sarkar   2019-09-19 21:25:22

Most of the people confuse travel with tour. In fact, these are two different types of recreation. While on a tour, we just engage in activities like sight-seeing. At tour destinations, people watch m...

Economics of India's mission to the moon

Economics of India's mission to the moon

M Rokonuzzaman   2019-09-18 21:44:15

The USA created a headline story in the sixties by sending humans to the moon. However, Russia (then USSR), Japan, China, and the European Space Agency made visits to the moon via probes. India's Chan...

UN encourages signing of FTAs: What's the way forward?

UN encourages signing of FTAs: What's the way forward?

Ferdaus Ara Begum 2019-09-17 22:22:24

As Bangladesh is poised to gain the status of developing country, it is set to face newer challenges due to loss of certain facilities in its international trade by then. Regulations of the World Trad...

Rewriting Gresham's law!

Rewriting Gresham's law!

Nironjan Roy   2019-09-17 20:43:56

As students of Economics and Commerce Faculty during 1980s, most of us had to come across the important monetary principle: "Bad money drives good money out of circulation". Now this scribe, as a bank...

Bangladesh in global production networks: Identity search

Bangladesh in global production networks: Identity search

Imtiaz A. Hussain 2019-09-16 21:43:08

Bangladesh may soon find itself tossing and turning between two key questions: 'What are we', that is, identifying what the country sees itself as; and 'What do we do with what we are', the obvious se...

The new VAT Act: A compromise outcome—II

The new VAT Act: A compromise outcome—II

Ahsan H. Mansur 2019-09-16 21:04:42

IMPLICATIONS OF THE MODIFIED/ AMENDED VAT ACT 2012: What is understood according to the VAT law details provided is that only taxpayers paying 15 per cent VAT rate are eligible for input tax credit wh...

Farmers in a price-trap: A year-long phenomenon

Farmers in a price-trap: A year-long phenomenon

Hasnat Abdul Hye   2019-09-16 20:54:16

If there was any doubt that farmers in Bangladesh are the most indifferently served groups of producers in the country, the record of rock-bottom price during the three seasons of paddy production s...

The new VAT Act: A compromise outcome – I

The new VAT Act: A compromise outcome – I

Ahsan H. Mansur 2019-09-15 21:18:06

In the FY2019/20 budget speech, the Minister of Finance announced the introduction of a new VAT Law effective from July 01, 2019. The Value Added Tax and Supplementary Duty Act 2012 was enacted in Dec...

Translating ambition to action

Translating ambition to action

Cameron Diver in New Caledonia   2019-09-15 20:46:59

In less than 10 days, countries from around the planet will come together in New York for the United Nations Secretary General's Climate Action Summit. I look forward to representing the Pacific Com...

Robert Mugabe and his legacy: A mixed one

Robert Mugabe and his legacy: A mixed one

Muhammad Mahmood     2019-09-14 21:49:06

Robert Mugabe died on September 06 in Singapore after a long illness. He was 95. He was one of those leaders who emerged in the period between the late 1940s through to the early 1980s and were celebr...

An update on the Gulf situation

An update on the Gulf situation

Mohammad Amjad Hossain 2019-09-14 21:30:21

As of now two opposing coalitions in the Middle East define the rivalry that in fact threatens to tear down the Middle East apart. As competition for dominance increased over the last one decade betwe...

Special Economic Zones in Bangladesh: A reappraisal of approaches

Special Economic Zones in Bangladesh: A reappraisal of approaches

Muhammad Abdul Mazid   2019-09-14 21:12:09

Very prudently the government has adopted the policy of developing Special Economic Zones ((SEZs) ) across the country to tap potentials for productivity, and to create jobs for millions. SEZs are no...

Centralised versus decentralised banking system

Centralised versus decentralised banking system

Mir Mahmudul Haque Chowdhury 2019-09-13 21:25:52

Centralised banking operation is that system of banking where processing of all transactions has to be carried out from a central location. In this system, bank's presence has to be made through maint...