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The Financial Express

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Focusing on FDI for increased external financing   

Focusing on FDI for increased external financing  

Asjadul Kibria   2020-02-06 22:04:57

Bangladesh has already set an ambitious goal to turn itself into a developed country by 2041 and a series of plans has been devised to reach the goal. Finalisation of the Eighth Five-Year Plan (8FYP...

Solar solace: Clean and fair air

Solar solace: Clean and fair air

Imtiaz A. Hussain 2020-02-06 22:00:37

Bangladesh evolving into a 'carbon-bomb'? On the eve of the country's fiftieth birthday anniversary, one certainly hopes not. Highlighting that fact, one local newspaper (Emran Hossain, "Six countri...

Brexit: Historic but also undramatic

Brexit: Historic but also undramatic

Josep Borrell and Michel Barnier   2020-02-05 20:36:57

On  January 31, 2020, the United Kingdom (UK) left the European Union (EU). We lost a member of our family. It was a sad moment for us, for European citizens - and, indeed, for many British cit...

The battle for French pension reform

The battle for French pension reform

Raphaël Hadas-Lebel 2020-02-05 20:34:38

A year after a proposed fuel tax triggered the gilets jaunes (yellow vest) protests, France faces another crisis, this time over pension reform. Mass demonstrations have now gone on for more than 50 d...

The gratuity perplexity: Complication surrounding payment

The gratuity perplexity: Complication surrounding payment

Mohammad Taqi Yasir   2020-02-05 20:29:40

Gratuity, in simple terms, is a form of monetary benefit paid to a worker upon being terminated or retired from employment. The Law Lexicon, Second Edition, has offered a detailed definition of "gra...

Wars and viruses: Are robots less prone to market panic?

Wars and viruses: Are robots less prone to market panic?

Saikat Chatterjee 2020-02-04 21:12:43

Widely blamed for volatile "flash crashes" in currencies and equities, high-frequency algorithms may also be why shock global events, including the current coronavirus, seem to have lost their power t...

Bridging the gender gap

Bridging the gender gap

Helal Uddin Ahmed 2020-02-04 20:26:39

It is quite encouraging that Bangladesh's ranking in global gender gap index has risen to 50th in 2020 from that of 91st in 2006 - the first year of publishing the Global Gender Gap Report by the Worl...

IMO 2020: Short-term impact

IMO 2020: Short-term impact

Md Easin Molla 2020-02-03 21:52:58

The noxious emissions, largely sulfur oxides, as well as nitrous oxides and particulate matter, have become a major environmental concern and have been proven to adversely affect global health as they...

Correspondent banking relationship -- Bangladesh perspective

Correspondent banking relationship -- Bangladesh perspective

Razibul Razon   2020-02-03 21:18:53

Correspondent banking is the provision of banking services by one bank (correspondent bank) to another bank (the respondent bank). By establishing multiple correspondent relationships globally, bank...

TBML: A black hole in international banking

TBML: A black hole in international banking

Nazrul Islam 2020-02-02 21:06:32

Trade-based money laundering (TBML) is defined as a process of concealing the proceeds of trade-related earning through illegal trade transactions in an attempt to legitimise the illicit origin of mon...

Wooing PF money to capital market

Wooing PF money to capital market

Shamsul Huq Zahid 2020-02-02 20:32:16

That scarcity of funds is one of the key reasons for the current moribund state of the country's stock market is an undisputed reality.  But, with confidence of investors, individual and institu...

President Trump's peace plan -- a recipe for renewed violence

President Trump's peace plan -- a recipe for renewed violence

Abdur Rahman Chowdhury from Falls Church, Virginia, USA   2020-02-01 21:10:39

On Tuesday, January 28 President Trump in presence of Israeli Prime Minister Netanyahu unfolded the latest Middle East Peace plan in the White House. The plan calls for recognition of Israeli sovereig...

Lessons from China's success in India

Lessons from China's success in India

M Rokonuzzaman 2020-01-31 22:01:31

In the recently concluded event of the World Economic Forum at Davos, the key topic was about the slowdown of economic growth that has gripped the world. Notably, economic downturn making India's drea...

AI vs human predictions: Tipping the point?

AI vs human predictions: Tipping the point?

Imtiaz A. Hussain   2020-01-30 21:10:32

Since we have heard so much about 'artificial intelligence' (AI) as a match for human thinking, it is fair to put the two to a test. One way to do so, at the start of a new year, is to compare predi...

Addressing family issues: What men can do

Addressing family issues: What men can do

S. M. Rayhanul Islam 2020-01-30 21:01:25

The growing interest in the role of men in the family has been triggered by diverse demographic, socio-economic and cultural transformations that have occurred over the past several decades, impacting...

Reducing risks of non-performing loans

Reducing risks of non-performing loans

Md. Shamsul Arefin 2020-01-30 20:47:15

Non-performing loans (NPLs) that turn into bad debts are a problem for banking sector everywhere in the world. Bangladesh is no exception. The banks are now paying more attention to the supervision...

Exchange rate undervaluation for export-led growth promotion

Exchange rate undervaluation for export-led growth promotion

Vladimir Popov in Berlin and Jomo Kwame Sundaram in Kuala Lumpur 2020-01-29 20:52:40

One mercantilist view is that exchange rate undervaluation - e.g., via accumulation of foreign exchange reserves in China's case - is 'industrial policy' to promote export-led growth, benefiting pro...

COP25 and climate-anxiety: What can be done?

COP25 and climate-anxiety: What can be done?

Mohammad Zaman   2020-01-28 20:58:54

The recently held Madrid Climate Meeting marked 25 years of the Conference of the Parties (COP), a UN Framework Convention for Climate Change signed in 1992 by 165 signatory nations. Despite agreeme...

'Great leap forward': What Bangladesh does in 2020 will be pivotal   

'Great leap forward': What Bangladesh does in 2020 will be pivotal  

Imtiaz A. Hussain   2020-01-27 21:10:34

With a 7.7 per cent growth-rate, as predicted in the Economist, Bangladesh has only one country ahead of it: no, it is not China (6.1 per cent), nor India (6.7 per cent), but a surprising war-rava...

Towards a tax payer-friendly environment

Towards a tax payer-friendly environment

Muhammad Abdul Mazid 2020-01-27 21:01:08

There is a general perception that the existing income tax regulations in Bangladesh are British in birth, too much intricate in attitude and cumbersome for enforcement. Though taxation, as an influ...

Activating venture capital in Bangladesh   

Activating venture capital in Bangladesh  

Shawkat Hossain 2020-01-26 22:08:21

Venture capital is gradually spreading its roots all over the world facilitating startups. Although in Bangladesh these days, we do find a number such enterprises, the progress is rather slow. In 2019...

Inequality, stagnation and instability

Inequality, stagnation and instability

Yilmaz Akyüz in Geneva 2020-01-25 21:06:49

The failure of large-scale bailout operations, historically low interest rates and rapid injection of liquidity to bring about a strong recovery from the 2008-2009 financial crisis and recession cre...

A migrant's story: Am I abused or am I a failure to adjust?

A migrant's story: Am I abused or am I a failure to adjust?

Fairuz Ahmed 2020-01-25 20:56:52

Every year hundreds of immigrants leave their homes and trail to a land of dream and hope where they aspire to find peace, happiness and sometimes a little bit of safety compared to what they leave be...

Centralised vs decentralised banking operations

Centralised vs decentralised banking operations

Md. Reajul Haque 2020-01-24 20:30:44

Financial system of Bangladesh is mainly bank-based and private commercial banks have been playing a pivotal role in this area. In the 80's, denationalisation of banks was a major leap for the formal...

US versus Iran: Europe in the crosshairs

US versus Iran: Europe in the crosshairs

Dan Steinbock 2020-01-24 20:28:47

Iran charges Brussels for serving US interests in the Middle East. The accusations are the net effect of Europe's failure to protect the nuclear deal, amid Trump's auto tariff threat. US credibility i...

Trump's backward march on trade

Trump's backward march on trade

Anne O. Krueger in Washington, DC 2020-01-22 21:20:40

Following America's disastrous 1930 Smoot-Hawley Tariff Act, the subsequent international trade war, and eventually World War II, the United States went on to lead the world toward a more open multila...

Dominance of dollar and political hegemony

Dominance of dollar and political hegemony

Mehdi Rahman 2020-01-22 20:17:27

Every country has its own sovereign currency. Trade between two countries is rarely conducted with resident currency, rather done with a third currency in most cases. This is practised globally. If w...

Bangladesh-UAE: Deepening relations

Bangladesh-UAE: Deepening relations

Kamal Uddin Ahmed 2020-01-20 21:53:33

The United Arab Emirates (UAE) is the Middle East's second largest economy, after the Kingdom of Saudi Arabia (KSA). With a small population of over 9.3 million, six per cent of the world's oil reserv...

Bangladesh, the 2020 pacesetter?

Bangladesh, the 2020 pacesetter?

Imtiaz A. Hussain 2020-01-20 21:46:13

It is not always on the dot, but the Economist's "The world in numbers" issue for the forthcoming year that is typically published in the folding year's December garners a fair amount of respect for b...

Rejuvenating stock market: PM's six-point directive

Rejuvenating stock market: PM's six-point directive

Nironjan Roy from Toronto, Canada 2020-01-20 21:38:27

In the backdrop of continuous fall in the country's stock market, Prime Minister Sheikh Hasina held a meeting with the chairman of the Bangladesh Securities and Exchange Commission (BSEC), market expe...