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M A Khaleque

  • Economist

Retired General Manager, Bangladesh Development Bank Limited and Writer on Economics

Flat culture is not free from problems
Flat culture
State and Politics

Flat culture is not free from problems

Ensuring housing facility is important among the five basic human rights. Out of the five basic rights, food, clothing, and shelter are the essential basic needs or rights. In other words, if these three rights cannot be ensured, it is not possible for humans to survive. One can survive without education. Though such a life would be akin to that of animals, still, a person can remain alive without receiving education; but without food, clothing, and shelter, survival is absolutely impossible. That is why, after fulfilling the needs of food and clothing, a person considers the matter of a secure shelter. At one time, people used to build their own homes; but now times have changed. People are now leaning towards flat culture.

Monzur Sadek Khosnobish passes away leaving behind an enduring legacy
Monzur Sadek Khosnobish
Special Content

Monzur Sadek Khosnobish passes away leaving behind an enduring legacy

Monzur Sadek Khosnobish, a distinguished capital market expert and the former editor and publisher of the country’s first national daily dedicated to the stock market, Dainik Share Biz Karcha, passed away in Dhaka on June 15. He was 68. He had been battling cancer for some time. Born in Tangail, he was the son of Saidur Rahman Khosnobish and Khaleda Begum. Those of us who were close to him called him “bhai” (brother). He was vibrant and inventive—anyone who met him was instantly charmed.

Financial incentives for intermediaries cannot attract foreign investment
foreign investment
Economics

Financial incentives for intermediaries cannot attract foreign investment

The Bangladesh Investment Development Authority (BIDA) has taken several initiatives to attract foreign investment. One such initiative is to offer financial incentives to expatriate Bangladeshis who act as intermediaries in attracting foreign investment. Any expatriate Bangladeshi who facilitates foreign investment will be provided with a financial incentive amounting to 1 percent of the investment they help secure. This investment must be new and amount to at least USD 5 million. Many expatriate Bangladeshis attempt to attract foreign investment by leveraging their personal image and relationships. The provision of financial incentives will undoubtedly encourage them.

Legal framework of banking sector must be reformed
banking sector
Economics

Legal framework of banking sector must be reformed

On June 4, Bangladesh Bank informed the chairmen and managing directors of five Shariah-based banks in a special meeting that it intends to merge them into a single, stronger Islamic bank. The five banks in question are First Security Islami Bank, Global Islami Bank, Union Bank, Social Islami Bank, and EXIM Bank. It is worth noting that toward the end of the last Awami League government’s tenure, an initial attempt was made to merge EXIM Bank with Padma Bank to form a new entity, but that initiative was halted due to political changes.

Why are certain officials in the republic becoming owners of huge amounts of money?
Government Service Act
State and Politics

Why are certain officials in the republic becoming owners of huge amounts of money?

The interim government has initiated several measures to restore discipline and increase efficiency in the administration. One of these measures includes adding new provisions to the Government Service Act 2018. It is important to note that referring to public servants as government employees is inherently misleading. A state requires four essential components for its formation: sovereignty, defined territory, population, and government. Among these, the government is the most fragile and the only variable component; the rest remain constant.

What impact market-based USD exchange rate will have
What impact market-based USD exchange rate will have
Economics

What impact market-based USD exchange rate will have

The International Monetary Fund (IMF) and Bangladesh Bank have finally decided to adopt a market-based exchange rate for the US dollar. From May 15, scheduled banks are now setting the US dollar exchange rate themselves.

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