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PM approves metro rail fare policy

MUNIMA SULTANA | 2022-09-06 00:00:00

Metro-rail fare has been set at Tk 5.0 per kilometre per ride, more than double the bus fare and less than half the fare declared for auto-rickshaws.Prime Minister Sheikh Hasina approved the fare policy for Mass Rapid Transit Line-06 (MRT-06)...

WB likely to invest in Bay Terminal project: Officials

NAZIMUDDIN SHYAMOL | 2022-09-06 00:00:00

CHATTOGRAM, Sept 05: The World Bank has expressed its interest to invest in the under-construction multi-billion taka Bay Terminal project, an official at the Chittagong Port Authority (CPA) said on Monday. The official seeking anonymity as he was not authorised...

What's next for Sri Lanka?

Syed Fattahul Alim | 2022-09-06 00:00:00

After 51 days' self-exile, the ousted president of Sri Lanka has returned home. He is learnt to have received warm welcome at the Colombo's Bandaranaike International Airport on Friday (Sept 02).Evidently, the incumbent president Ranil Wickremesinghe has overseen Gotabaya's safe...

NBR moves to draft ICD policy

DOULOT AKTER MALA | 2022-09-05 00:00:00

Businesses involved in the clearance of export-import goods are divided over the existing two policies for setting up and operations of off-docks.Shipping agents prefer the policy framed by the Ministry of Shipping in 2016, while private off-dock operators find the...

BB quizzes 27 banks on excess dollar lending

SIDDIQUE ISLAM | 2022-09-05 00:00:00

The central bank has sought explanation from 27 banks for providing the US dollar to 71 customers allegedly beyond the approved international credit-card limit.The managing directors (MDs) and chief executive officers (CEOs) of the banks have been asked to submit...

SPM may go into operation in Dec

NAZIMUDDIN SHYAMOL | 2022-09-05 00:00:00

CHATTOGRAM, Sept 04: Construction of the Single Point Mooring (SPM) in Moheshkhali, aimed at offloading imported fuel oils and petroleum products at reduced cost and time, is likely to end this year as 88 per cent works have been completed....

When soap, shampoo and tooth paste are luxury items

Neil Ray | 2022-09-05 00:00:00

There seems to be a spree of frolicking with prices of essentials, less essential and luxury goods people have become accustomed to using. With improvement in the economic condition, even the poor and marginal people have long started setting aside...

Challenges of a win-win CEPA with India

Asjadul Kibria | 2022-09-04 00:00:00

For the last two decades, several measures taken by Bangladesh and India to reach a free-trade agreement (FTA) to enhance bilateral trade have lost way. The two next-door neighbours are, however, yet to sign any FTA although bilateral trade has...

Spadework on for CEPA deal signing with India

REZAUL KARIM | 2022-09-03 00:00:00

With feedbacks from the country's apex trade body, Bangladesh begins spadework on a hold-all economic-partnership deal with India by securing its privileged market access. The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) recently submitted its recommendations to the...

Govt looks to double allotment for hospitals

SYFUL ISLAM | 2022-09-03 00:00:00

With prices of the essential commodities soaring, the government hospitals are likely to get their allocations doubled for providing food to the non-Covid or general patients, officials said.The Ministry of Finance (MoF) is considering a proposal of the Directorate of...

Stocks keep rising, shaking off worries

BABUL BARMAN | 2022-09-03 00:00:00

Stocks extended the winning streak for a third straight week, as investors keep buying major sector stocks, shaking off fears about economic uncertainty.All the five trading days this week ended higher, thanks to higher participation of general investors.DSEX, the benchmark...

Is the young generation becoming robotic?

Nilratan Halder | 2022-09-03 00:00:00

One common complaint against the young generation is that it is growing tech-savvy at the cost of emotional attachment, susceptibility and the overall quality of heart. In other words, young people are becoming increasingly impersonal and robotic. The majority of...

Knowledge gap on RMG workers' occupational health

Hasnat M Alamgir | 2022-09-03 00:00:00

The disasters including a fire incident that killed 112 workers and a factory collapse killing 1122 workers provoked widespread calls for improved workplace safety measures in Bangladesh's garment industry. It also focused global attention on the low wages, benefits, and...

Devising energy policy judiciously

Syed Fattahul Alim | 2022-09-03 00:00:00

Energy Adviser Tawfiq-e-Elahi Chowdhury was candid when he recently told the press that it was better not to reduce the price of fuel oil as the international energy market is very unpredictable. The move made Monday (August 29) last week...

Over $4.0b remitted home in July-Aug

SIDDIQUE ISLAM | 2022-09-02 00:00:00

The inflow of remittances crossed US$4.0 billion in the first two months of the current fiscal year (FY), 2022-23, following higher manpower export particularly to the Middle East counties."We expect that the existing trend in inward remittance will continue in...

Tariff Commission compiling data to recommend MRP

DOULOT AKTER MALA | 2022-09-02 00:00:00

A move gets going to compile data about the nine essentials listed by the government to set their consumer-level prices, in a latest bid for cooling the overheated market.Bangladesh Trade and Tariff Commission (BTTC) is collating the market data ahead...

Probe body gives final report

MUNIMA SULTANA | 2022-09-02 00:00:00

The inquiry committee, formed after the fatal accident at the BRT project's Uttara site, submitted its final report on Thursday, more than 15 days after the mishap, whose preliminary report held the project's Chinese contractor responsible.Neelima Akhter, additional secretary and...

Maintaining basic hygiene in healthcare facilities

Nilratan Halder | 2022-09-02 00:00:00

At a time when the government of Bangladesh launched a drive against unlicensed healthcare facilities for four days from Monday to Thursday, a collaborative report released by the World Health Organisation (WHO) and the Unicef (United Nations Children's Fund) claims...

Forex reserves signal fall to $37b soon

SIDDIQUE ISLAM | 2022-09-01 00:00:00

Pressure on Bangladesh's foreign-exchange reserves has intensified gradually, with an outlook of dropping to US$37 billion in the first week of September from $39.05 billion as of Wednesday.Official sources make such a forecast, while the central bank continues selling the...

High-priced medicines earn govt hefty revenue

DOULOT AKTER MALA | 2022-09-01 00:00:00

Bangladesh's pharmaceutical sector has grown faster in last five years with product diversification, innovation of new-generation drugs and rising trend in medicine consumption, yielding higher revenues for the government.Health economists, however, highlight the flip side of fast-growing medicine market as...

A world in an intractable mess

Syed Badrul Ahsan | 2022-09-01 00:00:00

No one has forgotten Chernobyl. There was, in 1986, the very real danger of the world getting caught up in a nuclear disaster when gas leaked from the plant. The danger set off by Chernobyl remains as potent today as...

Renewable energy in enhancing Bangladesh's energy security

Mohammad Alauddin | 2022-09-01 00:00:00

Energy being the driver of economic growth and improving the quality of life, all the countries are eager to ensure energy security in order to sustain economic development, increase productivity and raise living standards. Energy security, said simply, is the...

Another NBFI on the anvil

SIDDIQUE ISLAM | 2022-08-31 12:00:00

One more non-bank financial institution, styled Nagad Finance PLC, is being born to facilitate financial-inclusion initiatives through serving more unbanked people, officials say. The board of directors of Bangladesh Bank (BB) in a meeting held Tuesday at the central bank...

Why thrillers are the new craze in Bangladesh

Shadique Mahbub Islam | 2022-08-31 00:00:00

OTT platforms have revolutionised many aspects of the multimedia industry, but their presence is mostly felt in the thriller genre. Thriller series like 'Kaiser,' 'Shaaticup,' or 'Taqdeer' have become part of our pop culture, and there are more to come....

A portal to travel back to the nation's glorious past

Morium Kulsum | 2022-08-31 00:00:00

There has been hype around the Bangabandhu Military Museum since its inauguration, and it has been attracting thousands of visitors beyond military enthusiasts. The museum is located at Bijoy Sarani, Dhaka. The museum's earliest roots date back to 1987, when...

How worthy Geneva Package is for Bangladesh

Doulot Akter Mala | 2022-08-31 00:00:00

Two months back in Geneva, the trade ministers of different countries of the world sealed a deal on advancing global trade with less restrictions and more transparent rules. It was the 12th ministerial conference (MC12) of The World Trade Organisation...

Credit expansion stokes fear of inflation fuelling

SIDDIQUE ISLAM | 2022-08-30 00:00:00

Credit flow into Bangladesh's private sector has been on the up and up pushed by rising demand, particularly for trade financing, sources say on a cautious note about a possible side-effect. The upturn is evident in July findings that also...

Five entities to use BR optical fibre network

MUNIMA SULTANA | 2022-08-30 00:00:00

Two telecom operators and three NTTN-licensed companies are set to lease the optical fibre network of the Bangladesh Railway (BR) for improving their respective bandwidth capacity as well as help increase earnings of the state-owned train operator.Officials said Bahon Limited,...

Reinventing fasting

Syed Fattahul Alim | 2022-08-30 00:00:00

Fasting has traditionally been a religious practice. By abstaining from foods, drinks and various other activities that give humans pleasure, the practitioners of fasting believe they can exonerate their soul from the sin of temptation. And to resist temptations is...

Chinese contractor submits safety plan

Munima Sultana | 2022-08-29 00:00:00

The Chinese company concerned has submitted a detailed safety plan for the entire Joydevpur-Airport corridor for approval from the BRT project's consultants with a target to resume the construction work soon.The develoment came 13 days after a fatal accident at...