SIDDIQUE ISLAM | 2022-06-15 00:00:00
Now the regulator intervenes to tame Bangladesh's volatile foreign-exchange market as the taka kept tumbling down in exchange with the US dollar lately put on a free float. Bankers said the central bank reversed its stance through intervening unofficially in...
Md Matiul Islam | 2022-06-15 00:00:00
In 2012, when the World Bank came out with the allegation of corruption relating to Padma Bridge, all hell broke loose in Bangladesh. It was a serious allegation of 'conspiracy' plotted to stage a high-level corruption in the Padma Bridge...
SIDDIQUE ISLAM | 2022-06-14 00:00:00
Formulating a new monetary policy for Bangladesh gets underway with top priority on curbing inflation and helping productive sectors for achieving maximum economic growth, officials say.The priorities were suggested in an internal preparatory meeting on the monetary policy statement (MPS)...
MUNIMA SULTANA | 2022-06-14 00:00:00
The Padma Multipurpose Bridge (PMB) will create a big demand for both passenger and easy goods transportation due to significantly saving travel time in river crossing and mileage cut-down by at least 100 kilometres. In this connection, the newly built...
DOULOT AKTER MALA IN GENEVA | 2022-06-14 00:00:00
Bangladesh and other Least Developed Countries (LDCs) joined voices at the WTO ministerial conference to demand some "new international support measures" in trade regime for salvaging their pandemic-battered economies.The issues coming under priority list from the least-developed countries or LDCs...
Md Alamgir | 2022-06-14 00:00:00
Bangladesh Land port Authority (BLPA) came into being in 2001 with the enactment of 'Bangladesh Land port Act, 2001 by the parliament. So, as an organisation BLPA is only two decades old. Nonetheless within these short span of time, it...
Syed Fattahul Alim | 2022-06-14 00:00:00
Monetary transactions have already gone digital. Through the Mobile Financial Services (MFS), common people have meanwhile got used to doing banking transactions without much hassle. The money the MFS transfer is the electronic money (e-money) kept in the bank's computer...
DOULOT AKTER MALA IN GENEVA | 2022-06-13 00:00:00
The Least Developed Countries (LDCs) made a fervent appeal to countries concerned to desist from sudden imposition of restrictions on grain export when hunger haunts many.They also voiced a consensus demand at the world trade meet here for continuing trade...
NAZIMUDDIN SHYAMOL | 2022-06-13 00:00:00
CHATTOGRAM, June 11: Karnaphuli tunnel is likely to be ready for inauguration by year-end, before the scheduled time of opening the multi-lane tunnel to public traffic, an official said. He said 86 per cent work of the multi-billion Taka Karnaphuli...
DOULOT AKTER MALA, from Geneva | 2022-06-12 00:00:00
The hopes of Least Developed Countries (LDCs) including Bangladesh to push ahead the agenda for extending LDC-specific trade benefits for graduated LDCs by at least six to nine years are likely to be sidelined in the 12th Ministerial Conference (MC12)...
MUNIMA SULTANA | 2022-06-12 00:00:00
The test run of the country's first metro rail has almost reached its end as checking of last few components from Uttara to Agargaon in the city is going on.After completion of the last-minute checking, sources said, rolling stock will...
Asjadul Kibria | 2022-06-12 00:00:00
As the size of Bangladesh economy is growing, so is the national budget. That's why it is nothing surprising that the finance minister would present a big budget. The annual exercise of budget-making represents the effort on the part of...
Syed Fattahul Alim | 2022-06-11 12:00:00
Even a lay person knows the reasons behind the present crisis facing the world economy, thanks to the revolution in information technology. But the way out? No one knows, not even experts. For factors causing the crisis are beyond the...
BABUL BARMAN | 2022-06-11 00:00:00
Stocks extended the gaining streak for a second straight week to Thursday as bargain hunters put fresh bets on selective issues, with an eye on the national budget.Finance Minister AHM Mustafa Kamal on Thursday unveiled a budget of Tk 6.78...
Golam Rasul | 2022-06-11 00:00:00
We have observed the World Environment Day on June 5, as we did in previous years. While we celebrated the day, the climate is changing and the environment rapidly deteriorating. According to the IPCC Sixth Assessment Report (Working Group 2)...
Fahmida Khatun, Mustafizur Rahman, Khondaker Golam Moazzem and Towfiqul Islam Khan | 2022-06-11 00:00:00
The national budget for FY23 has been placed at a time when the economy is facing considerable challenges. Indeed, the macroeconomic stability has significantly weakened amid negative developments both on domestic and external fronts. The finance minister has acknowledged the...
Siddique Islam | 2022-06-10 00:00:00
The Bangladesh Taka (BDT) depreciated significantly against the US dollar on Thursday - mainly due to higher demand for the greenback for settling import-payment obligations.The local currency lost its value by 50 paisa in the inter-bank foreign-exchange (forex) market on...
Hasnat M Alamgir | 2022-06-10 00:00:00
On May 11 the labour and employment ministry of the Bangladesh government issued a circular excusing the garment sector from labour law provisions of 100, 102, and 105 about working hours and overtime. It stipulates that garment factory workers can...
MUNIMA SULTANA | 2022-06-09 00:00:00
A proposal of Tk 5.0 per kilometre for a 20-kilometre metro ride from Diabari to Motijheel in Dhaka city awaits approval from the authorities concerned.Sources say an MRT fare-fixing committee proposed the total fare for the 20.1 km mass rapid...
Siddique Islam | 2022-06-09 00:00:00
A turnaround comes as the Bangladesh taka gained 50 paisa in its value against the US dollar Wednesday after a depreciation dive for four consecutive workdays.The US currency was quoted at Tk 91.50 per unit on the day against Tk...
DOULOT AKTER MALA | 2022-06-09 00:00:00
Income inequality in Bangladesh goes gaping to worst level after the pandemic as government's direct-tax measure proves futile in addressing the disparity, experts say.Despite Bangladesh having amongst the highest levels of corporate and income-tax rates in the region, corporate-tax turnover...
BABUL BARMAN | 2022-06-09 00:00:00
The government revenue earnings from the Dhaka Stock Exchange (DSE) dropped by 19 per cent month-on-month in May on the back of falling turnover value.The government collected revenue worth Tk 176 million in May which was Tk 218 million in...
Syed Badrul Ahsan | 2022-06-09 00:00:00
We are indeed a resilient nation. The proof of it is the Padma Bridge. There are many of us who recall being laid low by despondency when the World Bank came forth, even before the construction of the bridge went...
Munima Sultana | 2022-06-08 00:00:00
The axle load-control system which is supposed to be installed on the approach roads of Padma Bridge would not be functional on the day (June 25) of its opening for traffic, leaving a room for overloaded vehicles to ply through...
NAZIMUDDIN SHYAMOL | 2022-06-08 00:00:00
CHATTOGRAM, June 07: None of the 19 private ICDs has the permission or infrastructure necessary for storing and handling chemicals, including hydrogen peroxide, sources said, expressing fear that the facilities are highly risky for continuing export-import activities.This frustrating picture was...
SIDDIQUE ISLAM | 2022-06-08 00:00:00
The local currency has maintained a depreciating mode against the US dollar in the past four consecutive working days following a free float of the greenback.The Bangladesh taka (BDT) lost its value by five paisa in the inter-bank foreign-exchange (forex)...
DOULOT AKTER MALA | 2022-06-08 00:00:00
Consumption pattern of middle-to lower-income groups has changed significantly under the squeezing impacts of constant economic challenges that force them to trim basic living costs, analysts say.The disruptive pandemic and back-to-back war in Ukraine and consequent global price rises and...
Fahmida Khatun, Mustafizur Rahman, Khondaker Golam Moazzem and Towfiqul Islam Khan | 2022-06-08 00:00:00
The struggle of the poor and low-income group that began with the outbreak of Covid-19 in early 2020 is now worsened by the unabated rise in the prices of essentials. These people are still grappling with their limited budgets as...
Siddique Islam | 2022-06-07 00:00:00
The Bangladesh Taka has depreciated deeper against the US dollar in the last three consecutive working days following free float of the greenback.Market operators said the local currency lost 3.31 per cent in value against the dollar -- rated the...
REZAUL KARIM | 2022-06-07 00:00:00
The government has taken an initiative to establish direct contact between its relevant agencies and Brazilian exporters of soybean, aimed at securing timely and periodic supply of the essential commodity.The Bangladesh Embassy in Brazil is exploring the possibilities of procuring...
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