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AD banks can retain value-added amount for fifteen days

SIDDIQUE ISLAM | 2022-08-04 00:00:00

All authorized dealer (AD) banks can now retain value-added portion of export proceeds in foreign currency for 15 days, as the central bank bends rules to boost Bangladesh's forex reserves. The Bangladesh Bank (BB) Wednesday issued a notification to this...

India to use BD roads for nearly four months

MUNIMA SULTANA | 2022-08-04 00:00:00

Bangladesh has allowed India to use a part of its road network in Sylhet region to facilitate transportation of liquefied petroleum gas (LPG) and petroleum oil (POL) between their two northeastern states of Assam and Tripura.Officials said the permission was...

Europe's problems and the world's problems

Syed Badrul Ahsan | 2022-08-04 00:00:00

Prime Minister Sheikh Hasina spoke for many nations around the world when she recently demanded that the sanctions imposed on Russia be lifted. It was a bold move, one that should be equally voiced by especially those countries which have...

Global uncertainty and international trade

M Kabir Hassan and Ayoub Ghalim | 2022-08-04 00:00:00

The exchange of goods and services between human beings is probably as old a practice as the human race itself. It all started when people knew they could specialise in producing certain goods and exchange it for others that were...

NBR moves to make customs assessment system paperless

DOULOT AKTER MALA | 2022-08-03 00:00:00

An 18-member national technical team of the revenue board will work to make the customs-assessment system paperless through automation.The National Board of Revenue (NBR) formed the body - 'Customs Automation National Technical Team' - on Monday comprising its officials of...

PMO for removing barriers, cutting freight charges

REZAUL KARIM | 2022-08-03 00:00:00

The government has issued a set of instructions, including a cut in the freight charges, to make the Pangaon Inland Container Terminal (ICT) more operational and effective.It also asked the authorities concerned to take steps for reducing existing tariffs for...

14 moneychangers pay for forex misdealing

SIDDIQUE ISLAM | 2022-08-03 00:00:00

Cleanup action continues to manage Bangladesh's volatile forex market as 14 moneychangers are being meted out punitive actions in government bid to tame the dollar and stabilise reserves. Sources said nine of the entities were going to be shut down...

DTCA in a fix with Tk 520m project

Munima Sultana | 2022-08-03 00:00:00

The Dhaka Transport Coordination Authority (DTCA) is still in dire straits with the Tk 520-million Dhaka Integrated Traffic Management Project (DITMP), sources said. The authorities concerned are yet to fix the fate of the project on four intersection signal development...

The food vlogging scene in Bangladesh

Shadique Mahbub Islam | 2022-08-03 00:00:00

Food Vlogging. The very mention of the phrase takes the readers to YouTube or Facebook videos where a person is travelling to various places and enjoying different foods while entertaining the audience. Food vlogging, or Food video blogging, is presenting...

A researcher with a mic

Lubaba Mahjabin | 2022-08-03 00:00:00

Explaining intellectual content with situational humour, that too in Bangla, Enayet Chowdhury stands out as a content creator. His eccentric approach to video making and presentation has earned him a loyal audience base and massive respect. In an exclusive conversation...

Tragedy that should not have happened

Syed Fattahul Alim | 2022-08-02 12:00:00

Railway accidents in Bangladesh are not purely about collision between trains or derailment of a train and their attendant deaths and injuries. Though it may sound somewhat odd, many of such accidents involve speeding trains ramming buses, trucks, microbuses, you...

Current-account deficit hits 'all-time' high

SIDDIQUE ISLAM | 2022-08-02 00:00:00

Bangladesh's current-account deficit hits an 'all-time high' at $18.70 billion as widening trade gap coupled with lower remittance receipts upsets the country's macroeconomic balance, officials say.The trade deficit exceeded $33-billion mark in the just-past fiscal year (FY), 2021-22, for higher...

MPA seeks Tk 14b as grant

SYFUL ISLAM | 2022-08-02 00:00:00

The Ministry of Shipping (MoS) backed the Tk 15.50-billion 'Pashur channel maintenance dredging project' as an 'electoral pledge' of the government and suggested that the Ministry of Finance (MoF) should provide Tk 13.95 billion as grant instead of loan, sources...

Two more bridges likely to open to traffic next month

MUNIMA SULTANA | 2022-08-02 00:00:00

The country is expected to enter a new era of road communication with the inauguration of two more bridges likely next month, which will establish a direct link with all rivers.The Roads and Highways Department (RHD) is planning to open...

Print media must innovate biz model to boost ad revenue

ISMAIL HOSSAIN | 2022-08-02 00:00:00

Printed newspapers must bring innovation in their business model to increase their revenues, says a top advertising professional.The print media has now come down to the third position after television and digital media in terms of share in the advertising...

BD offers two packages for D-8, OIC states

Doulot Akter Mala | 2022-08-02 00:00:00

Bangladesh has offered two packages of concessionary duty benefits for the D-8 and some OIC countries to facilitate trade with the blocs.After the South Asian Free Trade Area (SAFTA) packages, the country has offered such preferential duty-packages for the first...

Debt repayment: is Bangladesh in for 'shocks'?

Hasnat Abdul Hye | 2022-08-02 00:00:00

Bangladesh, like other developing countries keen to be on a higher growth path, has resorted to borrowing from foreign bi-lateral and multilateral institutions for hard currency and domestic sources for the taka component of foreign-financed projects since long. With the...

Import falls following forex austerity

SIDDIQUE ISLAM | 2022-08-01 00:00:00

Bangladesh's imports plummet following regulatory measures to ease pressure of import-payment obligations and thus buttress country's falling foreign-exchange reserves, officials say.The opening of letters of credit (LC), generally known as import orders, dropped over 31 per cent to $5.47 billion...

Priority project witnesses no progress in 13 years

MUNIMA SULTANA | 2022-08-01 00:00:00

The development work of a priority project, Daulatdia-Faridpur-Barishal highway, is yet to see any progress despite its feasibility study was completed 13 years ago.Sources said the Roads and Highways Department (RHD) will now conduct another feasibility study afresh on the...

A pioneer of business journalism in Bangladesh

Helal Uddin Ahmed | 2022-08-01 00:00:00

It has been four years since A.H.M. Moazzem Hossain - editor of The Financial Express and a pioneer of business journalism in Bangladesh - left this earthly abode. But even today, a wall of sadness engulfs me whenever I recall...

Girl courageous and muggers

Neil Ray | 2022-08-01 00:00:00

Muggers are ubiquitously on the prowl in the capital city. Yet there are particular areas, roads or alleys where the muggers are hyperactive. Some of those are mugger-infested. Kawranbazar, reportedly, is one such hotspot. An incident of mugging and its...

Indian rupee may not be an option, for now

Asjadul Kibria | 2022-07-31 12:00:00

A former Indian diplomat, who had also served in Bangladesh twice, suggests that India should try to make rupee, the Indian official currency, a legal tender in Bangladesh. "If Rupee is made a legal tender in Bangladesh, as it is...

Tokyo to help Dhaka on roadmap

REZAUL KARIM | 2022-07-31 00:00:00

Japan is expected to assist Bangladesh to prepare a roadmap with a view to facing challenges after its graduation from the Least Developed Countries (LDC) club in 2026. To this effect, a five-member delegation from the Ministry of Economy, Trade...

Legal framework on access to NDB loans drafted

Doulot Akter Mala | 2022-07-31 00:00:00

Bangladesh has drafted a legal framework to make the way for getting access to credit from the BRICS-led New Development Bank (NDB).The Economic Relations Division (ERD) under the Ministry of Finance has prepared the draft on the "New Development Bank...

The role of international community

Khandakar Qudrat-I Elahi | 2022-07-30 00:00:00

Is the Russian invasion of Ukraine a crisis? The answer depends upon how we understand the situation. Here in Canada, I notice few reactions among political and civilian elites or the general public. People are worried about its supposed impact...

Important to know when one has to call it a day

Nilratan Halder | 2022-07-30 00:00:00

Games and sports imitate life in more ways than none. There are struggles to rise to the pinnacle or pole position. Against the sweetest success, there are heart-breaking defeats too. Even the world's leading player has to leave the stage...

Clean energy now only choice

Syed Fattahul Alim | 2022-07-30 00:00:00

The government's effort to save electricity through rationing has come up against its plans to accelerate industrialisation and thereby lift the economy onto a higher growth path. And the power rationing is also negatively impacting agriculture, not to speak of...

The political economy of climate change

Hasnat Abdul Hye | 2022-07-29 12:00:00

Global warming, through emission of GREEN House Gases (GHG), has steadily deteriorated over the past three decades since the first Earth Summit was held in Rio in 1992. Beginning from 1995 in Berlin, 26 summits of heads of state and...

Dollar steady on kerb market

SIDDIQUE ISLAM | 2022-07-29 00:00:00

The exchange rate of cash dollar against taka on the open market, known as kerb market, remained mostly unchanged on Thursday as the regulatory drive on money changers continues.Market operators say cash dollar was traded ranging between Tk 108 and...

Digital population census vs digital database

Nilratan Halder | 2022-07-29 00:00:00

It has been dubbed the country's first digital population census. Released on Wednesday last, the Population and Housing Census 2022 has come up with yet another 'first' in the country's demographic development. It is for the first time that females...