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Tk 300b deficit likely in FY 22

Doulot Akter Mala | 2022-06-29 00:00:00

The tax revenue collection may face a shortfall worth nearly Tk 300 billion in the current fiscal year (FY), 2021-22, although the revenue board has achieved an average 15 per cent monthly growth in collection.The amount of shortfall is equivalent...

Effective communication key to cybersecurity success

B M Zahid ul Haque | 2022-06-29 00:00:00

Globally, cyber-attacks are not a new occurrence. But what is worrying is that their frequency and complexity continue to increase, so much so that cyber-threat is now considered one of the most serious economic and global security challenges. Thus, cyber-attacks...

Cos fear biz cost escalation

DOULOT AKTER MALA | 2022-06-28 00:00:00

Corporates fear escalation of cost of doing business due to umpteen changes in tax measures and compliance strangleholds in the proposed budget, and plead for a rethink.Changes in definition of supply of goods, imposition of heavy penalty for non-compliance, cap...

MoFA, NBR back proposal to realise transit fees

SYFUL ISLAM | 2022-06-28 00:00:00

Dhaka decides to realise various charges for transportation of oils and gas from Meghalaya into Tripura crossing over Bangladesh territory as catastrophic rains and landslides in northeastern India have halted their traffic.The Ministry of Foreign Affairs and the National Board...

Monetary policy to battle inflation

SIDDIQUE ISLAM | 2022-06-28 00:00:00

Checking the wayward inflation without hampering the economic growth is the cornerstone in a new monetary policy the central bank is set to roll out, officials say. Outgoing Governor of the Bangladesh Bank (BB) Fazle Kabir is expected to announce...

Covid evolving into more contagious variants

Syed Fattahul Alim | 2022-06-28 00:00:00

According reports, Bangladesh is witnessing a resurgence of the pandemic, Covid-19.The update of the Directorate General of Health Services (DGHS) says, in 24 hours till Sunday morning 1,680 people were found Covid-positive, while two people died of the disease. However,...

Only One Earth: Re-visiting our home

Hasnat Abdul Hye | 2022-06-28 00:00:00

Since the first ever United Nations (UN)-sponsored World Environment Conference was held in Stockholm in 1972, it has become an annual fixture in the calendar, observed in all member countries on June 5th, rotating the host and changing the theme...

Exuberance for PMB sights makes traffic unmanageable

MUNIMA SULTANA | 2022-06-27 00:00:00

Exuberance-fraught first-day traffic on the Padma bridge seemed unmanageable for heavy rush of enthusiastic sightseers and vehicles who couldn't check emotion of crossing the tamed mighty river sans ferry on the inaugural day.The Bangladesh Bridge Authority (BBA), Highway Police, Ansar,...

BB injects $7.34b into forex market in 11 months

SIDDIQUE ISLAM | 2022-06-27 00:00:00

The central bank has pumped over US$7.0 billion into the country's overheated foreign-exchange (forex) market in around 11 months to defend exchange rate of the local currency against the greenback.A total of $7.34 billion has been sold from Bangladesh's forex...

Boro procurement may fall short of target

TALHA BIN HABIB | 2022-06-27 00:00:00

The ongoing Boro procurement target this year might not be fulfilled as little quantity was procured compared to the target during the last nearly two months since its inception. Earlier, the government on April 28 started the procurement of Boro...

CCC announces Tk 21.61b budget for FY '23

NAZIMUDDIN SHYAMOL | 2022-06-27 00:00:00

CHATTOGRAM, June 26: The Chattogram City Corporation (CCC) has announced an over Tk 21.61 billion (Tk 2,161 crore) budget for the next financial year (fiscal year 2022-23 or FY '23). Announcing the budget on Sunday, the CCC mayor stated that...

Padma Bridge a symbol of pride: PM

MUNIMA SULTANA with MIR MOSTAFIZUR RAHAMAN | 2022-06-26 12:00:00

Bangladesh steps into a new era of development as a communications mega-infrastructure, the Padma Multipurpose Bridge, becomes a reality undeterred by multiple headwinds.The defining moment was ushered in when a visibly jubilant Prime Minister Sheikh Hasina opened the longest bridge...

Scenes of cheers as crowd gathers

MUNIMA SULTANA | 2022-06-26 00:00:00

Emotions ran free as thousands thronged the Padma Bridge arena to see for themselves their long-cherished dream come true on Saturday.The crowd from Mawa side went into raptures as they revelled to the euphoric start of the iconic structure soon...

Measures may panic marginal taxpayers

DOULOT AKTER MALA | 2022-06-26 00:00:00

A couple of income-tax measures in the Finance Bill 2022 may panic marginal taxpayers for imposition of compliance requirements to avail services, taxation experts say.The revenue board needs to strengthen its help or service centres to support the taxpayers as...

SME stocks keep rising amid bearish market

BABUL BARMAN | 2022-06-26 00:00:00

Stock prices of Small Capital Platform are soaring in recent times amid an influx of investors despite the main trading board is incurring losses.Market insiders said participation of investors is rising on the SME board as the stock market regulator...

Is capital flight always bad?

Asjadul Kibria | 2022-06-26 00:00:00

The debate about capital flight from Bangladesh is nothing new. However, the amount of capital exodus was relatively low even a decade ago. It is also presumed that capital flight had increased significantly in the last decade when the size...

Materialising a dream trekking a perilous path

Helal Uddin Ahmed | 2022-06-25 00:00:00

Crossing the river Padma has always been a huge challenge over the centuries as it created a perilous barrier for the flow of transports between central-eastern and south-western regions of Bangladesh. Consequently, people have been forced to undertake hazardous journeys...

The challenges: Down the memory lane

Munima Sultana | 2022-06-25 00:00:00

FE: How do you feel when your efforts come to fruition after a long time with the opening of the Padma Bridge on June 25?M Shafiqul Islam (MSI): Well, we have tried our level best. Our success should be assessed...

Insightful reads on PMB engineering excellence

Munima Sultana | 2022-06-25 00:00:00

Multinational consultancy stakes are embodied in the Padma Multipurpose Bridge that now sparkles over the devastating waves of one of world's most turbulent rivers. The PMB project has taken different kinds of consultancy supports from international firms and experts of...

Padma Bridge . . . leap of faith across the waters

Syed Badrul Ahsan | 2022-06-25 00:00:00

There is a literary, indeed a near religious quality which has come to be attached to the River Padma across the generations. It has been and is part of the folklore which has underscored Bangladesh's cultural traditions. The turbulence of...

BD to amend labour law with EU recipe

REZAUL KARIM | 2022-06-25 00:00:00

The government is working to amend the labour law with some suggestions on rights issues made by the European Union and the International Labour Organisation.Sources say a high-powered working committee comprising representatives from government agencies, apparel sectors and labour organisations...

India seeks temporary permission

SYFUL ISLAM | 2022-06-25 00:00:00

Dhaka is considering Delhi's proposal for using Bangladesh territory to transport fuel oils and gas from Meghalaya to Tripura as catastrophic rains and landslides in northeastern India halted vehicular movement there.The High Commission of India recently sought permission to carry...

Padma Bridge Not just a structure

FE SPECIAL | 2022-06-25 00:00:00

Building bridges over rivers, mighty or otherwise, is a routine affair. Scores of bridges, made of mortar, gravel and steel, have been constructed for decades across the world. Most are small and medium, and a few have greater width and...

Iconic bridge opens today

Munima Sultana | 2022-06-25 00:00:00

A farfetched dream comes true finally as the Padma Bridge, which speaks volumes about an epical effort for conquering a turbulent river and formidable hindrances, opens today to cheers. The government, the partners and a brigade of consultants and engineers...

Are bike riders a menace?

Syed Fattahul Alim | 2022-06-25 00:00:00

Though it sounds rather trite to say that nothing happens in this world without a cause, it is still the case that people often forget this commonsense maxim. Consider the recent furore over the rising number of motorbikes on the...

Economic worries weigh on investor sentiment

BABUL BARMAN | 2022-06-25 00:00:00

Stocks extended the losing streak for a second straight week to Thursday as cautious investors continued dumping their holdings amid persistent macroeconomic worries.The week saw five trading days as usual with the first three days losing 114.08 points while the...

Uniform toll won’t start from June 26

MUNIMA SULTANA | 2022-06-24 00:00:00

Uniform toll collection on the Dhaka-Mawa-Bhanga Expressway would not start along with the Padma Bridge toll operation as was planned with effect from June 26, officials said.As a result, vehicles crossing the Padma Bridge would have to stop three times...

City of gardens vs city of rickshaws

Nilratan Halder | 2022-06-24 00:00:00

In the Ease of Living Index, Bangalore officially Bengaluru ranked number one in 2020 and 2021 among the Indian cities with a population of over 1.0 million. There may be other contenders with sparse population, where people go for a...

Govt moves to ensure Russian wheat supply

TALHA BIN HABIB | 2022-06-23 00:00:00

The government has made a move to ensure continued wheat supply from Russia in the upcoming fiscal year (FY), 2022-23, to boost food security in the country. As part of the moves, the Ministry of Food (MoF) officials are going...

ADB may lend $2.3b under dev recipe

SYFUL ISLAM | 2022-06-23 00:00:00

The Asian Development Bank (ADB) may pledge to lend Bangladesh US$2.3 billion during 2023-2025 under an overall development recipe, at a time when the country launches a search for foreign-exchange support. Regarding the financing programme the ADB is finalising indicative...