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The Financial Express

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Are we bracing for a \'protection shock\'?

Are we bracing for a \'protection shock\'?

Zaidi Sattar 2017-05-27 20:52:52

This is truly the eleventh hour. The i's have been dotted, the t's crossed, and the budget document is all but ready to be placed in parliament on June 01, 2017. For all the pre-budget facts a...

Bangla-India trade: NTBs more stringent than tariff barriers?

Bangla-India trade: NTBs more stringent than tariff barriers?

-- 2017-05-22 19:05:23

Since the signing of the South Asian Free Trade Agreement (SAFTA) there has been a series of meetings at different levels and visits of heads of state and political leaders with the express aim of inc...

How a responsible govt. should behave

How a responsible govt. should behave

-- 2017-05-21 20:16:44

Whenever I am required to do an introductory lecture on government budget, I find it pedagogically helpful to begin with highlighting the similarities between a household budget and the government bud...

FY18 budget: An exercise in aggressive revenue collection

FY18 budget: An exercise in aggressive revenue collection

Asjadul Kibria 2017-05-16 19:31:04

There will be a higher tax burden on the people in the upcoming fiscal year (FY18). Finance minister AMA Muhith has already made it pretty clear. In several pre-budget talks, he said that he would put...

Iran forges ahead despite Trump\'s ultimatum

Iran forges ahead despite Trump\'s ultimatum

Sayed Kamaluddin 2017-05-15 20:35:31

Iran's ties with the European Union (EU) have clearly reached a threshold when the first Iran-EU Business Forum on sustainable energy opened in Tehran on April 29 last with European Climate Action...

Tax policy reform should be country-specific

Tax policy reform should be country-specific

Jamaluddin Ahmed 2017-05-10 19:34:37

The VAT rates in 19 Asian nations vary from the lowest 5.0 per cent to 20 per cent. Taiwan, Japan and Iran have the lowest rates. The rates in other countries are: South Korea - 10 per cent; Mongolia,...

Depreciation and inflation

Depreciation and inflation

M. A. Taslim 2017-05-07 21:27:05

The exporters of the country, especially ready-made garments exporters, have been urging Bangladesh Bank for a depreciation of the external value of the domestic currency taka for some time now. They...

China leads the world in clean energy

China leads the world in clean energy

Sayed Kamaluddin 2017-05-02 19:33:21

With a surge in investment in the renewable energy sector within and outside, China has clearly targeted to lead the world in promoting non-fossil fuel based power production. Because of this and a fe...

Trump\'s 100 days: A mixed bag?

Trump\'s 100 days: A mixed bag?

Imtiaz A. Hussain 2017-05-02 19:16:30

When U.S. President Franklin D. Roosevelt called a special congressional session, from March 9, 1933 to June 16 1933, to legislate the New Deal legislations, he defined more than half-a-century of the...

A new strategy for the pursuit of road safety

A new strategy for the pursuit of road safety

Forqan Uddin Ahmed 2017-04-30 21:16:05

In Bangladesh, roads have virtually become 'death-traps' these days! Recently, the government revealed that 34,918 people died in road accidents during the last ten years, although the latest...

Fiscal policy options: Crowding in or crowding out

Fiscal policy options: Crowding in or crowding out

Muhammad Mahmood 2017-04-29 19:54:03

"Central problem of depression prevention has been solved'' - Nobel Laureate Robert Lucas That's what Professor Robert Lucas said in his presidential address at the 2003 American Economic...

Yokohama calling: ADB to realign its action plans

Yokohama calling: ADB to realign its action plans

Asjadul Kibria 2017-04-26 21:31:21

After 50 years of its long journey, the Asian Development Bank (ADB) is now facing a new global reality in the fast changing world. No doubt, the ADB has played a critical role in the last five decade...

The Bangladesh journey: Challenges ahead

The Bangladesh journey: Challenges ahead

KAS Murshid 2017-04-23 20:18:08

Since 1990, Gross Domestic Product (GDP) of Bangladesh has been growing at a sustained 5.5-6.5 per cent per annum in real terms (or 3-4 per cent per annum in per capita terms). In 2009, our per-capita...

Economic growth, employment and wage

Economic growth, employment and wage

M. A. Taslim 2017-04-22 21:00:30

According to Bangladesh Bureau of Statistics (BBS) data the economy of Bangladesh has done rather well during the last several years. Indeed its national accounts numbers catapult the country to the l...

Macroeconomic indicators with disquieting trends

Macroeconomic indicators with disquieting trends

-- 2017-04-19 21:15:32

The Government of Bangladesh has been increasingly reliant on the sales of National Savings Directorate (NSD) certificates for budget deficit financing. Net sales of NSD certificates stood at Tk. 28...

Why scientists are marching

Why scientists are marching

Stephen Matlin, Goverdhan Mehta, Henning Hopf, and Alain Krief 2017-04-19 21:07:28

On April 22, scientists from around the world will mark Earth Day by participating in an unprecedented "March for Science." The aim of the march will be to "celebrate and defend science at all levels...

Macroeconomic correlates in positive trend

Macroeconomic correlates in positive trend

The Centre for Policy Dialogue (CPD) Report 2017-04-18 21:10:16

The report presents Centre for Policy Dialogue's (CPD's) perspectives in the context of the upcoming FY2018 budget by taking the current dynamics of macroeconomic performance as the reference...

Standards in GVC and Bangladesh

Standards in GVC and Bangladesh

Asjadul Kibria 2017-04-13 21:15:59

The expansion of Global Value Chain (GVC) has posed a new challenge to developing countries like Bangladesh. Gone are the days when manufacturing meant efforts of large factories to bring as many acti...

Aggressive measures needed to stop fall of remittance

Aggressive measures needed to stop fall of remittance

Maswood Alam Khan 2017-04-09 20:58:05

Exports of goods and services are the prime sources of foreign currency that we use to meet the cost of imports on which is dependent our industrialisation and ultimately our development. 'Ready-M...

Addressing the gaps in education policy for middle-income Bangladesh

Addressing the gaps in education policy for middle-income Bangladesh

Manzoor Ahmed and Sadiq Ahmed 2017-04-04 20:49:33

Bangladesh has secured impressive gains in the expansion of income, reduction of poverty and improving the basic indicators of human development. Buoyed by the success with income growth, whereby the...

Pre-budget thoughts: Focus on employment issue

Pre-budget thoughts: Focus on employment issue

Rushidan Islam Rahman 2017-04-03 18:57:11

Economics is all about choices. The theory of social choice by Kenneth J Arrow has played a revolutionary role in economics. But even without going to the rigorous theoretical analysis it can be said...

EU is 60: Uncertain times ahead

EU is 60: Uncertain times ahead

Muhammad Mahmood 2017-04-01 19:19:54

European Union (EU) leaders gathered in Rome on Saturday, March 25, 2017, exactly sixty years after the singing of the Treaty of Rome which eventually led to the founding of the EU. They met at the sa...

Indo-Pak tension over CPEC: China claims neutrality in Kashmir dispute

Indo-Pak tension over CPEC: China claims neutrality in Kashmir dispute

Sayed Kamaluddin 2017-03-31 20:19:55

Following a recent decision of India to fast-track six hydropower projects, worth $15 billion, in the India-controlled Kashmir, tension has apparently risen along the China-Pakistan Economic Corridor...

The challenges of Financial Inclusion

The challenges of Financial Inclusion

Azraf Uddin Ahmad 2017-03-28 20:22:33

Since the culmination of 2005 as the International Year of Microfinance, success of microfinance in Bangladesh and elsewhere led to a reassessment of the world's development process. Thanks to the...

Tracking the employment situation

Tracking the employment situation

-- 2017-03-27 20:09:52

Whether the country's economic growth is generating required or sufficient employment is a matter of debate. Policy makers believe that 7-plus growth rate of the Gross Domestic Product (GDP) is su...

The 2021 magic deadline: To be or not to be an LDC

The 2021 magic deadline: To be or not to be an LDC

Zaidi Sattar 2017-03-22 19:58:53

Bangladesh's least developed country (LDC) status has come under scrutiny by policymakers and development practitioners alike. In a Policy Research Institute (PRI) analysis titled Bangladesh in LD...

E-commerce expands: Move to adopt binding global rules

E-commerce expands: Move to adopt binding global rules

Asjadul Kibria 2017-03-15 18:53:21

Bangladesh, though still a least developed country (LDC), has already caught up with the modern trend of electronic commerce or e-commerce. It means business transactions, buying and selling of produc...

Tax reforms: More revenue with equity

Tax reforms: More revenue with equity

Sadiq Ahmed 2017-03-12 21:11:45

The tax performance of Bangladesh fares rather poorly, relevant international evidence shows. The most telling weakness is that the Bangladesh tax effort (9.0 per cent of gross domestic product or GDP...

Adequacy of fiscal policy - a critical challenge

Adequacy of fiscal policy - a critical challenge

Sadiq Ahmed 2017-03-11 19:51:05

Bangladesh has made tremendous development progress over the past several years and now aspires to reach upper middle-income status by the World Bank's income grouping criteria by fiscal year (FY)...

Formulating forward-looking trade policy in an era of global volatility

Formulating forward-looking trade policy in an era of global volatility

Asjadul Kibria 2017-03-08 19:45:28

Global geo-politics is becoming increasingly volatile. No wonder, it is the President of the United States Donald Trump who is fuelling the volatility. His steps in the last seven weeks at the helm of...