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Ctg businesses take hard line

NAZIMUDDIN SHYAMOL | 2022-09-14 00:00:00

CHATTOGRAM, Sept 13: The businessmen of Chattogram have declared that if the government does not withdraw the load control stations (LCS), set up on Dhaka-Chattogram Highway in June 2018, within next one month, they would take a tough stance. As...

Best places to learn swimming in Dhaka

Morium Kulsum | 2022-09-14 00:00:00

Swimming is an excellent full-body exercise that has many physical and mental health benefits. Doctors recommend this exercise because it works your entire body and builds muscle strength and cardiovascular fitness. Besides burning calories, swimming is also becoming popular among...

BRT project work may resume after one more week

MUNIMA SULTANA | 2022-09-13 00:00:00

The troubled BRT project may take one more week to resume its field work that remained suspended since the tragic accident at Uttara site on August 15, leaving five members of a family dead.Restarting the field works will be delayed...

Taka dips further

SIDDIQUE ISLAM | 2022-09-13 00:00:00

Volatility on the foreign-exchange market rather exacerbated after banks introduced uniform exchange rates as the Bangladesh taka depreciated further against the US dollar Monday under the latest experiment. The local currency lost its value by Tk 1.0 on the interbank...

A monarchy on the wane

Syed Fattahul Alim | 2022-09-13 00:00:00

Modern monarchy is a contradiction in terms. British monarchy in that sense should be an oxymoron. But the outpouring of love and respect that the people of Britain have shown at the death of Queen Elizabeth II is remarkable. What...

No bar for an MFI to lend to or borrow from another MFI

ISMAIL HOSSAIN | 2022-09-12 00:00:00

The country's micro-finance institutions (MFIs) can lend to or borrow from other MFIs. In this regard, the Microcredit Regulatory Authority (MRA) has recently issued guidelines, titled 'Policy on Financing of Microcredit Institutions by Microcredit Institutions, 2022', in a bid to...

Banks pegged down to uniform dollar exchange rates

SIDDIQUE ISLAM | 2022-09-12 00:00:00

Bangladesh's top bankers agree to set uniform rates in foreign-exchange dealings to help restore stability on the country's forex market, with Tk 108 cap per dollar for remittance netting.Under the decisions reached with the regulator, all the authorized dealer (AD)...

Padma Bridge's faults being traced, fixed

MUNIMA SULTANA | 2022-09-12 00:00:00

The 6.15-km-long Padma Bridge, opened two and a half months back, still has over 500 major and minor faults, which have to be addressed and repaired to make it an international-standard one in 'true sense'.Sources close to the construction supervision...

Addressing mental crisis

Nilratan Halder | 2022-09-12 00:00:00

When 364 students commit suicide in just eight months, it unfolds a nightmarish spectre before the country ---one that is on way to graduating for a developing nation. Is not it a mind-boggling reality that apart from 45 students committing...

Summit Communications plans to invest in network expansion

ISMAIL HOSSAIN | 2022-09-11 00:00:00

Summit Communications Ltd. is set to mobilise a loan of Tk 7.0 billion to implement its investment plan on expanding network capacities, improving existing facilities, and building submarine cable networks. The country's leading telecommunication infrastructure company will arrange the loan...

Padma Bridge O&M company in the offing

MUNIMA SULTANA | 2022-09-11 00:00:00

The government is forming a separate company to be dedicated exclusively for looking after the operation and maintenance (O&M) work of the Padma Bridge.The Bangladesh Bridge Authority (BBA) has already registered the name, Padma Bridge Operation and Maintenance Company, with...

Benefits of joining global IP network

Asjadul Kibria | 2022-09-11 00:00:00

More than three years have elapsed since Bangladesh's trade policy came under a global scrutiny under the umbrella of the World Trade Organisation (WTO). It was the fifth trade- policy review of the country where various issues relating to trade...

Dhaka cautiously weighs export, revenue losses

REZAUL KARIM | 2022-09-10 00:00:00

Experts have cautioned that Bangladesh's exports might shrink and industries suffer setbacks if the country joins a new free-trading bloc called RCEP, unless its privileged market access is secured.A recent high-profile meeting was told that the exports to many of...

DSEX hits nearly four-month high

BABUL BARMAN | 2022-09-10 00:00:00

Stocks extended their winning streak for a fourth straight week, with the benchmark equity index hitting a nearly four-month high, as investors renewed their appetite for selective large-cap stocks amid high optimism ahead of the dividend season.Of the five trading...

Including IT in literacy programmes

Syed Fattahul Alim | 2022-09-10 00:00:00

Bangladesh needs to have its policies right in a world that is constantly in a state of flux. Though the world, so far as big power politics is concerned, has always seen changes, those cannot be compared to what is...

Care provisions and needs of Bangladesh's aging population

Hasnat M Alamgir | 2022-09-10 00:00:00

As life expectancy increases in Bangladesh, concern also raises on how to organise and provide personal and healthcare services for them. Rapid urbanisation, high-rise apartment living, greater formal sector labour force participation by both spouses, disintegration of joint families, and...

No decision yet on contractor's fate

MUNIMA SULTANA | 2022-09-09 00:00:00

The Roads and Highways Department (RHD) is yet to take any decision on the fate of the Chinese contractor that is allegedly responsible for an accident on August 15 last on a construction site of BRT project in Uttara in...

Corporates lagging behind extended deadline

DOULOT AKTER MALA | 2022-09-09 00:00:00

Tax authorities go lenient to facilitate corporate taxpayers in submitting genuine tax returns scanned through document verification system (DVS), billed as a failsafe device against the doctoring of company financials.Companies are allowed to file their tax returns for fiscal year...

Rate caps coming on dollar to manage forex market

SIDDIQUE ISLAM | 2022-09-09 00:00:00

Bangladesh's commercial banks are going to fix varied uniform rates for importers, exporters and overseas exchange houses to help manage the ongoing foreign-exchange volatility.Under the proposed rates, all the authorized dealer (AD) banks will offer maximum Tk 108 per dollar...

Allowing DAP to take effect now or never

Nilratan Halder | 2022-09-09 00:00:00

With the publication of the gazette notification for the 20-year (2016-2035) Detailed Area Plan (DAP), Dhaka city stands a chance---perhaps for the last time---to leave behind its infamous tag of a most unliveable city at the top of the global...

ERL's second unit project in slow lane

NAZIMUDDIN SHYAMOL | 2022-09-08 00:00:00

CHATTOGRAM, Sept 06: Uncertainty has gripped a project meant for installing the second unit of the state-owned Eastern Refinery Limited (ERL) due to delaying tactics.The project to build the second unit of the ERL in order to increase the refining...

NBR opens digital system to verify tax return slips

DOULOT AKTER MALA | 2022-09-08 00:00:00

The National Board of Revenue (NBR) has launched a digital system to verify the authenticity of tax-return submission and expedite service delivery by the authorities concerned.Its income-tax wing officially opened up the 'tax return verification module' on August 21 last,...

Six more banks to explain dollar price distortion

SIDDIQUE ISLAM | 2022-09-08 00:00:00

The central bank seeks explanation from six more banks over their alleged involvement in bagging windfalls from 'unethical' dollar dealings, which hit all in knock-on impact, officials said Wednesday.The managing directors (MD) and chief executive officers (CEOs) of five private...

Gorbachev . . . and tales of statesmanship

Syed Badrul Ahsan | 2022-09-08 00:00:00

In death, decades after he made his way out of power, Mikhail Gorbachev is the subject of discussion in the West, which has gone into binge celebrations of his role in ending the Cold War and with that the collapse...

Right policies can protect the workers

Armida Salsiah Alisjahbana | 2022-09-08 00:00:00

Most of the 2.1 billion strong workforce in Asia and the Pacific are denied access to decent jobs, health care and social protection but there is an array polices and tools that governments can use to remedy these deficiencies and...

BB eases rules on export proceeds

SIDDIQUE ISLAM | 2022-09-07 00:00:00

Authorized dealer (AD) banks can retain value-added portion of export proceeds for 30 days instead of 15 days under a further relaxation of rules, for propping up Bangladesh's forex reserves. The central bank relaxed its regulations again on the encashment...

Import clearing hops over 25-32 stops

DOULOT AKTER MALA | 2022-09-07 00:00:00

Import clearing needs to hop over 25-32 stops at major ports in Bangladesh for lack of coordination among authorities, says a study report, thus slowing delivery of goods.Importers have to complete import-clearing process passing through 32 steps at Chattogram seaport...

Climate crisis: a balance of payments perspective

Chenlin Li and Chua Shu Yi | 2022-09-07 00:00:00

The Earth's average temperature has warmed by about one degree (10) Celsius above pre-industrial levels, according to the most recent data by NASA. This change, although seemingly insignificant, has translated into a rapid global torrent of climate abnormality, followed by...

Finance ministry bins Basic Bank's recruitment plan

SYFUL ISLAM | 2022-09-06 00:00:00

BASIC Bank, the scam-hit government bank, considers creating more than a thousand new posts in its organogram, but the finance ministry has found the recruitment plan "not feasible", considering its overall state of affairs.The bank has recently sought 'no objection'...

External sector volatility eases on austerity

SIDDIQUE ISLAM | 2022-09-06 00:00:00

Austerity works as Bangladesh's import orders dropped nearly 24 per cent or US$1.77 billion in August following regulatory measures to ease pressure on the economy from forex crunch, officials said.The opening of letters of credit (LCs), generally known as import...