• Solving the power sector’s overcapacity problem

    One of the less talked-about downsides of the pandemic-induced lull has been the increasing financial stress on the Bangladesh Power Development Board (BPDB). According to a study last year by the Ohio-based Institute for Energy Economics and Financial Analysis,

  • Issues that demand inclusion in the development debate

    The reason behind the creation of the concept of Least Developed Countries (LDC) by the UN in the 1960s was to identify a set of nations whose development struggles were not solely based on their own shortcomings, but due to other structural constraints.

  • Our financial system is just broken

    It was good to hear the High Court blasting a section of Bangladesh Bank officials for their alleged connection with financial scams involving People’s Leasing and Financial Services Ltd (PLFSL), a non-bank financial institution (or NBFI) that is now in the process of liquidation due largely to the infamous PK Halder and his associates.

  • Main reasons why the government’s recovery effort has fallen short

    Bangladesh is no stranger to disaster management. Since independence it has dealt with numerous natural disasters as well as political unrest and overhauls.

  • A year when poverty increased, and so did misery

    The year 2020 has been like no other in recent history. Even the biggest doomsdayers could not have predicted what was to occur, and how the Covid-19 pandemic was to derail millions, if not billions, of dreams and aspirations.

  • How Bangladesh can benefit from China’s economic recovery

    As the nation holds its breath in anticipation of a potential second wave of Covid-19, five countries including Bangladesh have decided to strengthen sharing of information and coordination of policies and actions to cope with its probable impacts.

  • Covid-19 And The Economy: Where on the path to recovery are we?

    The year 2020 has been a disappointment due to the Covid-19 pandemic. And just one of its many downsides can be seen on the global economy which, according to the International Monetary Fund (IMF), is set to contract by 4.9 percent in 2020—with the IMF saying in its June report that this “baseline projection rests on key assumptions about the fallout from the pandemic.”

  • Realities of Bangladesh-India relations

    In an interview published by The Daily Star on October 27, Dr Ahsan Mansur, while discussing the recent IMF revelation that Bangladesh is set to surpass India in terms of per capita GDP, said something very interesting.

  • Blame the cops or blame the system?

    On October 10, 33-year-old Rayhan Ahmed walked out of his house at 10 pm. At around 4:23 am, Rayhan called his mother from an unknown number and informed her that he had been picked up by the police who were holding him at Bandarbazar Police Outpost.

  • The elusive zero tolerance for corruption

    How many times have we heard government officials and ruling party members mention that this government has a zero-tolerance policy for corruption? The answer is many, of course—that was a rhetorical question. Then why is it that corruption seems to be skyrocketing? That’s the real question.

  • Can more laws save us from becoming a corrupt state?

    By using shell companies and moving money from one account to another, Prashanta Kumar Halder laundered at least Tk 3,500 crore out of the country and is now enjoying his life in Canada.

  • The political fallout of August 21 grenade attack

    After the fall of the Ershad government, signs of a democratic future emerged in Bangladesh in 1991. The two major political parties—AL and BNP—that came together in the anti-Ershad movement formed their separate coalitions (with smaller parties), and it appeared that Bangladesh would go down the line of a two-party parliamentarian/presidential system similar to the ones in the US, Japan and other countries.

  • Kajol may have been found, but justice is still missing

    Over 120 days have passed since photojournalist Shafiqul Islam Kajol, also the editor of The Daily Pokkhokal, went missing after leaving his office on the evening of March 10.

  • How three economic impacts of Covid-19 could spell danger for Bangladesh

    In mid-June, the IMF in a country focus report on Bangladesh said that the economic impact of Covid-19 has most notably been felt in three main areas: a fall in remittances; a decline in RMG exports; and a drop in domestic economic activities.

  • black money

    Bangladesh’s struggles with money laundering

    In his address to a seminar on “National Strategy for Prevention of Money Laundering and Combating Financing of Terrorism 2019-2021” in November 2019, Finance Minister Mustafa Kamal said that it is not only that money laundering “creates macroeconomic distortion”, but it is “largely destroying our country in various ways”.

  • The Toxic Legacy of 1967 Six-Day War

    Today, June 5, marks the 53rd anniversary of the 1967 war between Israel and its Arab neighbours Egypt, Jordan and Syria. In the six days of conflict, Israel captured the Sinai and Gaza Strip from Egypt, the West Bank and East Jerusalem from Jordan, and the Syrian Golan Heights—all of which, except for the Sinai, it still illegally occupies.

  • Reducing the digital divide is vital, so is producing responsible citizens

    During a Joe Rogan podcast a year ago, Elon Musk, the founder of SpaceX and co-founder of Tesla Inc., audaciously said that many human beings alive today have already become “cyborgs”.

  • The different narratives ‘out there’ on how COVID-19 originated

    In 1968, one of the United States’ top scientists, Dr Gordan JF MacDonald, who was a member of the President’s Science Advisory Committee and the President’s Council on Environmental Quality, wrote:

  • Is Bangladesh’s economy ready to withstand these external shocks?

    The US Federal Reserve in a statement on March 4 warned that the coronavirus outbreak, which has already disturbed travel and access to goods worldwide, could cause further disruptions in the coming weeks.

  • Do we need a uniform admission test in universities?

    The announce-ment on January 23 that a uniform admission test will be held for all public universities starting next year had stirred a big debate. Even university teachers seemed divided over the issue—some supported it, while others opposed.

  • How likely are the Rohingyas to get justice?

    Made stateless by Myanmar in 1982, the Rohingyas have been left vulnerable to waves of violence at the hands of the Burmese army as part of a “clearing” programme that began in the 1970s.

  • While Palestinians remain silenced, we must become their voice

    November 29 marks the darkest day in history for the people of Palestine, for it was on this day in 1947 that the United Nations General Assembly passed Resolution 181 (II) to end the British mandate in Palestine by August 1, 1948. At the centre of this historic resolution was the decision to partition Palestine and establish, after a transition period, “Independent Arab and Jewish States and the Special International Regime for the City of Jerusalem.”

  • Humanity ignores ‘philosophy’ at its own peril

    The Greek word “philosophy” (philosophia) is a compound word, composed of two parts: “Philos” meaning love and “Sophia” meaning wisdom—thus translating to love of wisdom.

  • Truth about the Syrian chemical attack of 2018

    In a suburb of Damascus called Douma, that had been occupied by the militant group Jaysh al-Islam, the 2018 Syrian chemical attack that made headlines all over the world allegedly took place on April 7—right as Syrian forces were moving in to retake the area. The western media unequivocally accused the Syrian government of dropping gas cylinders on “moderate rebels” (thus anointing members of Jaysh al-Islam as “moderates”) and killing at least 43 people. Prompting US, France and Britain to launch a barrage of cruise missiles a week later against the Syrian government.

  • The coming unemployment crisis

    The problem of high un-employment that has been sweeping across the world ever since the 2008 financial crisis is yet to be adequately resolved. And with the passage of every year, creating enough quality jobs is looking increasingly difficult globally.

  • The rot that caused Abrar’s death

    Since the killing of Abrar Fahad, a number of issues have been raised by people rightly outraged by his gruesome murder at the hands of some Chhatra League members, as well as revelations about how supporters of the ruling party’s student wing have been regularly terrorising ordinary students, with full exemption. Among them is the role of political activities on university campuses.

  • The prime minister’s crusade against corruption

    It is no secret that people in general share a common perception that corruption in the country has gone off the rails to the point of becoming nearly unbearable. While high corruption, mainly facilitated by some members of the ruling party of the day, has been a

  • Can democracies around the world be resuscitated?

    The United Nations General Assembly agreed to observe September 15 as the International Day of Democracy in 2007.

  • Hallmark’s return to the headline

    It's been a while since the Hallmark Group has been mentioned in the news. Except for when it has been used as an example of severe corruption and criminality, to illustrate the grave consequences that arise when certain principles and rules are ignored.

  • Flip-flopping on regulatory decisions: Who does it benefit?

    In a reversal of its stance, the Bangladesh Bank (BB) on August 27 decided to allow Beximco Ltd to reschedule its loan of Tk 430.05 crore, thus in principle approving the rescheduling of restructured loans.