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Non-performing loans: Curse for sustainable growth

Now that Bangladesh has graduated to developing country all efforts should be made to strengthen the banking sector which is the backbone of the economy. The requirements and challenges of many to a developing country must not be ignored and the best way to do this is strengthening the capital & liquidity ratio of the banks, according to the editorial of the current News Bulletin (Jan-Mar’ 2018) of International Chamber of Commerce-Bangladesh (ICCB) released on Wednesday. Non-Performing Loans (NPL) is one of the issues that is impacting capital adequacy of the industry specially the eight state-owned commercial and specialized banks. For decades, state-owned banks have been the prime leader to the large corporate borrowers particularly in the industrial sector of the economy. ...

Carbon tax could boost green energy in Bangladesh

Bangladesh is weighing a World Bank proposal to introduce a carbon tax, the first of its kind in the South Asian nation, amid fears of a backlash from consumers. In its proposal, the World Bank suggested that the government introduce the carbon tax initially only on petroleum products. Bank officials advised the government to keep the market price of fuel unchanged by slashing its own profits. “The cost of a carbon tax should not be passed on to the consumers.”—Dr. Saleemul Huq Fuel costs are generally much higher in Bangladesh compared to the international market,

Neglected strategic issues on the Indo-Bangla border

In the first week of November 2016, this writer, as part of a distinguished three-member fact-finding team of experts set up under UN-mandated program, undertook a rapid appraisal of the work of the voluntary agency Masum, which operates in four districts along the Indo-Bangladesh border in the Indian state of West Bengal. The agency seeks to prevent or deal with torture and extrajudicial execution by central and state security forces deployed along the international border. The team found that far from posing a threat to national security, the organisation is actually working to defend the human

Bangladesh has much to celebrate, much to do in fight against poverty

Jim Yong Kim

It may come as a surprise to some that I will celebrate the international day to end global poverty in Bangladesh - a country often associated with extreme poverty. Born from the ashes of its war for independence in 1971, Bangladesh has a history of famines and cyclones that have claimed countless lives. 2016-10-17-1476715372-1538100-world_bank_bangladesh_final_edit_0001

Enriching education in Bangladesh

About a year ago, seven year-old Afroza Khatun dropped out of school as her mother could not continue supervising her homework. The interruption in her grade II lessons was soon noticed by a teacher of an information education centre known as ENRICH, a state-funded programme which aims at supporting children who drop out to continue their education from the primary level (up to grade II). “I could not accept that Afroza, so brilliant in her lessons, had to drop out of school just because her mother could not help prepare her lessons at home,” Mosammet Shirin Akter, a teacher at ENRICH learning centre, told IPS News. Afroza’s father died when she was still in her mother’s womb. Too poor to support the family, Afroza’s mother, Joshna, had to work as a day labourer. Recently, she ...

Myanmar’s peace prize winner and crimes against humanity

SITTWE, Myanmar — SOON the world will witness a remarkable sight: a beloved Nobel Peace Prize winner presiding over 21st-century concentration camps. Daw Aung San Suu Kyi, one of the world’s genuine heroes, won democracy for her country, culminating in historic elections in November that her party won in a landslide. As winner, Aung San Suu Kyi is also inheriting the worst ethnic cleansing you’ve never heard of, Myanmar’s destruction of a Muslim minority called the Rohingya. [caption id="attachment_21329" align="alignleft" width="540"]