FE Today Logo

Search results for: l


Increased FDI to address BoP deficit

Asjadul Kibria | 2022-08-21 00:00:00

One of the main downsides of Bangladesh's economy is the low level of foreign direct investment (FDI). Various favourable policies and measures promise to attract a higher amount of FDI. Nevertheless, the annual inflow of investment capital is still low...

Lentil, sugar get pricier though cheaper abroad

REZAUL KARIM and YASIR WARDAD | 2022-08-20 00:00:00

Prices of lentil and sugar increased 40 per cent and 25.35 per cent respectively in the local market in the last one year even though global prices of such goods have decreased. The data have been obtained from a Bangladesh...

Talks start with Saudi RSGT

SYFUL ISLAM | 2022-08-20 00:00:00

With an international agency playing the go-between, Bangladesh starts negotiation with a Saudi Arabian firm to run the newly-built Patenga Container Terminal (PCT) off the Chattogram seaport, officials say. If the negotiation with the Red Sea Gateway Terminal (RSGT) company...

Stocks rebound amid optimism

BABUL BARMAN | 2022-08-20 00:00:00

The market rebounded this week to Wednesday, paring some losses from the previous week, as investors put fresh funds on stocks amid optimism following the central bank's move to stabilise the foreign exchange rates.All three trading days of the week...

Changes people in this city rarely notice

Nilratan Halder | 2022-08-20 00:00:00

What a contrasting weather Dhaka, one of the world's top unliveable cities, is now going through! Scorching heat today, tomorrow the sky is overcast with clouds and even there may be drizzles. Or, it can happen within a day or...

Is IMF loan crucial for Bangladesh?

Syed Fattahul Alim | 2022-08-20 00:00:00

How is Bangladesh's economy faring recently? The rampant inflation, essential commodities price spiral and especially, the declining foreign exchange reserve situation has caused a lot of anxiety among economists as well as others concerned within and outside the government. The...

PCT cannot start operation for want of operator

NAZIMUDDIN SHYAMOL | 2022-08-19 00:00:00

CHATTOGRAM, Aug 18: The Patenga Container Terminal (PCT) of Chittagong Port Authority (CPA) could not kick off its operational activities one month after implementation of the project as the authority concerned has not yet selected an operator. Started five years...

Six banks asked to show cause over dollar bets

Siddique Islam | 2022-08-19 00:00:00

The central bank now serves show-cause notices to top executives of six banks for their alleged involvement in fuelling volatility on the forex market through 'unethical' exchange gains, locking their profits.Officials say that, with the proceedings pending, the scheduled banks...

Eight AGMs in a single day!

MUNIMA SULTANA | 2022-08-19 00:00:00

The embattled Dhaka BRT Company Limited is set to hold eight annual general meetings (AGMs) in a single day on Friday to fulfil its legal obligations.The trouble Gazipur-Airport BRT (bus rapid transit) line has been built under the state-backed company.Although...

Callousness at its worst or wilful indifference!

Nilratan Halder | 2022-08-19 00:00:00

One cannot say accidents are accidents unless one is a hypocrite. To make such a statement, one has to be dead sure of the inevitability or unavoidability of the dreadful occurrences. Although people in general have become somewhat immune to...

Recovering laundered money through CRS

Helal Uddin Ahmed | 2022-08-18 12:00:00

The tax authorities in various countries utilise Exchange of Information (EOI) agreements for cross-border sharing of taxpayer information. This exchange can be of two types: on request; and voluntary or spontaneous. The latter or Automatic Exchange of Information (AEOI) is...

Govt's hard line against non-compliant China cos

MUNIMA SULTANA | 2022-08-18 00:00:00

The government may get tough with the two non-compliant Chinese companies working in the BRT (bus rapid transit) infrastructure project.The development comes hot on the heels of Monday's fatal accident that left five members of a family dead on the...

BB widens buy-sell spread to Tk 1.50

Siddique Islam | 2022-08-18 00:00:00

Moneychangers can now profit more as the central bank widened the spread between selling and buying rates of cash dollar to Tk 1.50, in a shifting stance for managing the frantic forex market.The little higher margin was announced Wednesday at...

Scrambling to save the planet

Syed Badrul Ahsan | 2022-08-18 00:00:00

Human ingenuity has caused wonders throughout the long --- and lengthening --- course of civilization. An instance of it is the incredible journey of the James Webb Space Telescope into a discovery of the beginnings of time and space. And...

Consumption tax from large banks shows paltry growth

DOULOT AKTER MALA | 2022-08-17 00:00:00

Collection of consumption tax from 17 large commercial banks registered a paltry growth in the past fiscal year for no significant changes in taxation measures and their client base, officials say.In the FY2021-22, the aggregate value-added tax (VAT) collection remained...

India wants to start CEPA talks in Sept

SYFUL ISLAM | 2022-08-17 00:00:00

India wants to start negotiations with Bangladesh for signing a Comprehensive Economic Partnership Agreement (CEPA) soon, preferably next month, as a joint study on the proposed pact was accepted by both the sides, officials said.Indian Commerce Secretary B V R...

The ultimate 'Petuk Couple'

Nowshaba Achal | 2022-08-17 00:00:00

'Petuk Couple' is the first renowned couple food vlogging YouTube channel in Bangladesh. Rasif Shafique and Ridima Khan Ipsha created this channel back in 2018 out of their love for food. Food vlogging and couple vlogging are two different things....

City bus services in a mess

MUNIMA SULTANA | 2022-08-16 00:00:00

Transport workers have taken control over the city bus services, allegedly creating an unpleasant situation for all the stakeholders, including passengers and owners.They are allegedly charging fares on their whims, often violating the BRTA-fixed rates published on August 6 last...

VAT wing seeks big cos’ IDs, passwords

DOULOT AKTER MALA | 2022-08-16 00:00:00

The VAT authority has asked large companies to furnish the user identification numbers (ID) and passwords of their respective accounting software so that it can scrutinise the financial details to stop VAT evasion.The large taxpayers unit (LTU) under the value-added...

Japan for equality between local, foreign cos

REZAUL KARIM | 2022-08-16 00:00:00

Japan has raised voice over providing incentive packages only to domestic apparel manufacturers, as such facility has created discrimination between the local clothing units and the foreign-owned units operating in the export processing zones (EPZs).For ensuring equal treatment of both...

Unending misery of tea workers

Syed Fattahul Alim | 2022-08-16 00:00:00

Tea workers across the country have enforced an indefinite strike since Saturday demanding a raise in their daily wage to Tk.300. Notably, at present, tea garden authorities pay them a daily wage of Tk.120. Bangladesh Tea Workers' Union (BTWU) has...

American exceptionalism: for peace or conflict?

Hasnat Abdul Hye | 2022-08-16 00:00:00

Even when the war in Ukraine was raging in full fury, threatening to escalate dangerously, two delegations of American Senators visited Taiwan, an island country that China considers as its integral part. The timing of the visits was bizarre and...

Brig General Jamil: An epitome of duty & courage

Enayetullah Khan | 2022-08-15 12:00:00

The dawn was about to break on August 15, 1975 when Bangabandhu Sheikh Mujibur Rahman made one of his final phone calls to his military secretary, the then Colonel Jamil Uddin Ahmad. He had been attacked, Bangabandhu told Col Jamil,...

Brig General Jamil: An epitome of duty & courage -

Enayetullah Khan | 2022-08-15 00:00:00

The dawn was about to break on August 15, 1975 when Bangabandhu Sheikh Mujibur Rahman made one of his final phone calls to his military secretary, the then Colonel Jamil Uddin Ahmad. He had been attacked, Bangabandhu told Col Jamil,...

Bangabandhu's assassination . . . and then the long darkness -

Syed Badrul Ahsan | 2022-08-15 00:00:00

It was the end of a beautiful dream for all of us in this land. Decades after his sudden, violent passing, with the ravaging ramifications of the coronavirus pandemic yet raging all over the world, we do not hold ourselves...

Banks restricted to Tk 1.0 margin in dollar dealings

SIDDIQUE ISLAM | 2022-08-15 00:00:00

Bankers are asked to review the widening spread between sale and purchase rates of the US dollar and forbidden from crossing Tk 1.00 margin, in government bid to tame the wayward forex market. The central bank issued the instructions at...

Genie is out of the bottle

Neil Ray | 2022-08-15 00:00:00

It seems the genie has been let out of the bottle. In a country where the market is controlled by sellers, particularly by business syndicates, the handle has been presented to them to mindlessly go about the business of spurring...

BB mulling fresh rules to manage forex volatility

Siddique Islam | 2022-08-14 00:00:00

The central bank is trying to set fresh rules on managing the volatility in foreign-exchange (forex) market and curb the falling trend of forex reserves.As part of the latest move, the Bangladesh Bank (BB) is scheduled to hold a meeting...

Hikes in fuel, fertiliser prices double whammy for economy

Asjadul Kibria | 2022-08-14 00:00:00

A sharp rise in fuel-oil prices, unveiled in a nighttime decree last week, leaves almost all in the countrydumbfounded, excepting a few who did not find anything wrong in such a coercive step. The government increased the prices of all...

India may lift anti-dumping duty on Bangladeshi jute exports

SYFUL ISLAM | 2022-08-13 00:00:00

India is likely to remove anti-dumping duty on Bangladeshi jute-goods export next month over five years after the bigger trade partner had slapped the levy to plug the fibre shipments. The announcement may come during the New Delhi visit of...