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Globalisation: its past, present and future

Hasnat Abdul Hye | 2022-07-20 00:00:00

Globalisation, in its bare bones form of movement of goods and people across geographical areas, is as old as civilisation. Borders between countries where they could be identified were porous and did not pose much of a barrier to such...

Loan rescheduling time redoubled, costs slashed

Siddique Islam | 2022-07-19 00:00:00

It comes as a bounteous bail-in for big borrowers as the central bank liberally relaxes loan- rescheduling liabilities trying to facilitate overall business activities in Bangladesh amid global crunch, extending time and slashing costs.Under the policy pats, time limit for...

MRT-05 work likely from early next yr

MUNIMA SULTANA | 2022-07-19 00:00:00

Work on another metro rail on Hemayetput-Gabtoli-Notun Bazar route is likely to start early 2023 as a tender to develop depot land at Hemayetpur was called in June.Through this tender invited on June 27, the third Mass Rapid Transit (MRT)...

When history takes unexpected turn

Syed Fattahul Alim | 2022-07-19 00:00:00

With the consumer price inflation reaching 9.1 per cent, a 40-year high and the energy price rising 42 per cent, the incumbent US president is not definitely in a good shape when he undertook his four-day Middle-east tour. Though the...

BR to conduct vibration test on Padma Bridge before starting work

Munima Sultana | 2022-07-18 00:00:00

Bangladesh Railway (BR) will conduct a vibration test first before starting the rail track placement work on the lower deck of the Padma Bridge.The test is expected to give an understanding whether the bridge can absorb the vibrations to be...

Bank borrowing triples in FY ’22

SIDDIQUE ISLAM | 2022-07-18 00:00:00

Government bank borrowings nearly tripled in the past fiscal, partly being pushed by need for financing budget deficit, officials say, raising its debt liability. Its aggregate net bank borrowings rose to Tk 727.49 billion as on June 30 last from...

Dohazari-Cox's Bazar rly project delayed by two more years

NAZIMUDDIN SHYAMOL | 2022-07-18 00:00:00

CHATTOGRAM, July 17: Started over a decade ago, the Dohazari-Cox's Bazar-Gundum railway project has been delayed by two more years as the government extended its execution time up to June 2024, said officials involved with the fast-track project. Earlier, the...

Where has Hilsha gone?

Neil Ray | 2022-07-18 00:00:00

The much vaunted bans slapped at least twice a year on catching fish, Hilsha in particular, seem to have fizzled out. No, the bans are imposed with much gusto but the results seem to have petered out. For a proof,...

NBR to punish errant return filers

DOULOT AKTER MALA | 2022-07-17 00:00:00

Taxmen would cut investment rebate facility for individual taxpayers by 50 per cent from this year in case of delay in submission of tax returns without prior application to the tax authorities.In case of delay in submission of tax returns...

Clouds gathering on economic horizon

Asjadul Kibria | 2022-07-17 00:00:00

Last week, India's central bank introduced a new mechanism for international trade settlements in rupee, the Indian national currency. The idea behind the move is to promote international use of the local currency, keep the foreign-exchange reserves stable and facilitate...

Finance frames export strategy

REZAUL KARIM | 2022-07-16 00:00:00

Lifting conditions regarding local value addition and gradual cut in HS Headings on apparel items are among measures envisaged as export booster after Bangladesh's LDC graduation that will banish cash incentives.Sources say such substitutes are being mulled as businesses fear...

People heading back to Dhaka after Eid holiday

TALHA BIN HABIB | 2022-07-16 00:00:00

A good number of people returned to the capital Dhaka on Friday after celebrating Eid-ul-Azha in their village homes. Rail stations, and bus and launch terminals witnessed a significant number of the returnees on the day. Private vehicles, public transports,...

Investors still in selling mode

BABUL BARMAN | 2022-07-16 00:00:00

Stocks witnessed yet another bearish week to Thursday, the shortened week after Eid vacation, as jittery investors remained in selling mode amid growing macroeconomic worries.This week saw three trading days as the market remained closed for the first two days...

If the cycle of seasons goes haywire

Nilratan Halder | 2022-07-16 00:00:00

Climate change is too big an issue for a layman's comprehension. But One thing is sure that it means higher, not lower, temperature. There was no harm if it also meant the reverse of the rising temperature. Unfortunately, this has...

Empowering women entrepreneurs through financial literacy

Melita Mehjabeen | 2022-07-15 12:00:00

In the last 20 years, Bangladesh has made remarkable progress in empowering women across the country. The country has set an exemplary record, ranking first in gender equality among the South Asian nations for the seventh year running, according to...

MRT-6 work progressing fast, yet facing challenges

Munima Sultana | 2022-07-15 00:00:00

The implementation work of the capital city's first metro rail is progressing fast with the target to open the mass transportation system from Uttara to Agargaon (11.73 kilometres) in December, 2022.It is, however, facing some challenges in completing the integrated...

BB set to enhance forex flow by $1.0b

SIDDIQUE ISLAM | 2022-07-15 00:00:00

The central bank is set to enhance the foreign-exchange flow by nearly $1.0 billion as part of regulatory measures to manage the ongoing volatility in the market, officials say.Around $365 million will be credited to banks' own accounts from exporters'...

IMF team to assess NBR's technical assistance needs

Doulot Akter Mala | 2022-07-15 00:00:00

A mission of the International Monetary Fund (IMF) is expected to meet the revenue authority on Monday next (July 18) to discuss pros and cons of the country's need for technical assistance on capacity development in tax- revenue mobilisation. The...

Patenga Container Terminal to start operation this year--

NAZIMUDDIN SHYAMOL | 2022-07-15 00:00:00

CHATTOGRAM, July 14: The Chittagong seaport this year will get a new container terminal named Patenga Container Terminal (PCT) as its construction work is going to be completed in the current month, officials said. After a five-month delay due to...

Reaping rich dividends from Padma bridge

Nilratan Halder | 2022-07-15 00:00:00

Two flagship bridges of riverine Bangladesh, the Padma Bridge and Bangabandhu Setu, have revolutionised the country's communication. Of the two, the latest to have been opened to traffic is the bridge on the mighty river Padma known for its treacherous...

LCs under watch for regulating imports

Siddique Islam | 2022-07-14 00:00:00

The central bank begins monitoring LCs daily to bar unnecessary imports in a major bid to ease pressure of import-payment obligations and thus buttress Bangladesh's falling reserves, officials say.Under the latest regulatory move-incidentally amid declining foreign-exchange reserves and depreciation of...

Politics in a multicultural Britain

Syed Badrul Ahsan | 2022-07-14 00:00:00

That as many as eleven politicians in Britain have now made it known that they wish to be prime minister in succession to Boris Johnson is plainly mind-boggling. This is something rather rare in British politics. And it shows the...

In love with rooftop gardens

Nilratan Halder | 2022-07-09 00:00:00

Rooftop garden has, of late, caught the fancy of some residents of Dhaka City. Not all apartment and building owners are, however, passionate about such gardening. Most people like flowers and their efforts are limited to growing at least a...

Investors fret as gloom grips stocks

BABUL BARMAN | 2022-07-09 00:00:00

The stock market passed a gloomy week to Thursday, the last week before Eid-ul-Azha, as investors stayed on the sidelines, worried about a potential economic slowdown.The week saw five trading days as usual with three sessions falling marginally while two...

Little room for playing it safe

Syed Fattahul Alim | 2022-07-09 00:00:00

Amid the rising costs of imported fossil fuels to generate power, loadshedding is now being thought of as an option to save the economy. But, if the country could well exploit the abundant tropical sunshine, it is naturally blessed with,...

Padma Bridge embodies economic aspirations

Farhadul Islam | 2022-07-09 00:00:00

In the fullness of time, Bangladesh witnesses a long-harboured dream of having a bridge to cross the mightiest river Padma come true, thereby opening up a gateway to unbounded economic opportunities. The iconic bridge, rated as the 122nd-largest in the...

Two summits: rhetorics and reality

Hasnat Abdul Hye | 2022-07-09 00:00:00

It is unprecedented to have two summits of the world's most industrialised countries' leaders back to back. But that is what happened in the last week of June when the G-7 summit in the Alpine resort town of Schloss Elmauin...

No lifting of ban until services improve, says minister

Ismail Hossain | 2022-07-08 00:00:00

Posts and Telecommuni-cations Minister Mostafa Jabbar has said the government would not lift the ban on new SIM sales until Grameenphone (GP) makes visible improvement in its servicesThe operator did not improve the quality of services despite repeated warnings, he...

India for four trial runs in Aug

SYFUL ISLAM | 2022-07-08 00:00:00

Aiming to start full-scale use of Bangladesh's Chittagong and Mongla seaports soon, India wants to conduct four trial runs of transhipment next month, officials say.Recently, the Indian High Commission in Dhaka wrote to the shipping ministry expressing willingness to complete...

Sales of slaughtering tools gain pace in city

TALHA BIN HABIB | 2022-07-08 00:00:00

The sales of animal slaughtering equipments and accessories have gained momentum across the capital ahead of the Eid-ul-Azha, to be celebrated on Sunday. Different types of slaughtering tools, like sharp knife, machete (chapati), kitchen knife (boti), log seat (khatia) and...