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Elizabeth II . . . and tales of royalty

Syed Badrul Ahsan | 2022-06-02 00:00:00

Britain's Queen Elizabeth II is in the seventieth year of her reign as monarch. The sense of excitement in the platinum jubilee celebrations of her years as sovereign is therefore one that is perceptible all across the country. For the...

Sonali Bank to have new entity in UK as existing one faces closure

SYFUL ISLAM | 2022-06-01 00:00:00

A new entity of the Sonali Bank Ltd will be set up in the United Kingdom as the existing one will be shut in August next being ordered by the Bank of England, officials said.The new body will be named...

Korean co set to be O&M operator

MUNIMA SULTANA | 2022-06-01 00:00:00

The Korean company which was selected as the operation and maintenance (O&M) operator of part of the Padma Bridge is set to do the same for the country's first expressway.The Dhaka-Mawa-Pachchar-Bhanga expressway is connected on both sides of the country's...

Submission of return-filing slip a must

DOULOT AKTER MALA | 2022-06-01 00:00:00

Submitting proof of tax-return submission may be mandatory for availing different services in public and private entities from the upcoming fiscal year, as a preventive measure against TIN tricks.Currently, these services from public and private entities could be taken on...

Govt plans to boost rice bran oil production

REZAUL KARIM | 2022-06-01 00:00:00

Against a backdrop of the soaring prices of edible oil in the country, the government is set to take an initiative to devise strategies for ramping up rice bran oil production aiming to cut dependency on widely-consumed soybean and palm...

MBL to bring more un-banked people into banking network

Siddique Islam | 2022-06-01 00:00:00

Mercantile Bank Limited (MBL) has planned to bring more un-banked people into its network through setting up more sub-branches and agent banking outlets across the country, the bank's top executive has said. "We're giving priority to ensure achieving sustainable business...

CPA signs deal with Korean cos

Nazimuddin Shyamol | 2022-06-01 00:00:00

CHATTOGRAM, May 31: Chittagong Port Authority (CPA) has signed an agreement with two Korean companies for the final architectural and navigational design of the Bay Terminal Construction Project at Chittagong seaport. The Government Procurement Committee approved the Korean companies named...

In remembrance of Tofazzul Hossain Manik Mia

Abdur Rahman Chowdhury from Falls Church, Virginia, USA | 2022-06-01 00:00:00

Tofazzul Hossain popularly known as Manik Mia, in his youth, came in contact with Hossain Shaheed Suhrawardy, a charismatic politician of united Bengal. They developed close relationship. Suhrawardy became the mentor of Manik Mia and in him, Suhrawardy found a...

Is Bangladesh economy facing headwinds ?

Hasnat Abdul Hye | 2022-06-01 00:00:00

The question conveyed by the heading should appear as superfluous because, unarguably, all the economies in the world have been facing crises in the wake of the two-year long Covid-19 pandemic, now made worse by the on-going war in Ukraine....

RHD for raising toll rate after Padma Bridge launching

Munima Sultana | 2022-05-31 00:00:00

Travelling on the Dhaka-Mawa expressway is likely to be costlier as the Roads and Highways Department (RHD) has proposed increasing the rate of per-kilometre toll from Tk 10 to Tk 34.70 after the much-awaited Padma Bridge inauguration on June 25.Though...

Banks asked to encash export bills promptly

Siddique Islam | 2022-05-31 00:00:00

Banks are asked to encash the value-added portion of export proceeds within the next working day to help improve supply of foreign exchange to the money market, officials say.The central bank also directs all the authorized dealer (AD) bankers to...

NBR to get new building next month

Doulot Akter Mala | 2022-05-31 00:00:00

The National Board of Revenue (NBR) is going to get a new building with all logistic and advanced facilities after 49 years of its inception.The 12-storey building in the city's Agargaon area is set to be completed by June at...

Scourge of guns within reach

Syed Fattahul Alim | 2022-05-31 00:00:00

The Texas shooting that killed 19 elementary schoolchildren and two teachers at Uvalde seems to have shaken America and the rest of the world. To think that a teenager--a 18-year-old boy-- with a gun going on a rampage in a...

The return of inflation across the world

M Shahidul Islam | 2022-05-31 00:00:00

After decades of price stability, notably in advanced economies, prices of food and non-food commodities are on the rise globally. The annual inflation rate in the United States (US) soared to a four-decade high of 8.5 per cent in March,...

BDT to fall further by Tk 1.10 against dollar

Siddique Islam | 2022-05-30 00:00:00

The Bangladesh Taka (BDT) is going to depreciate further by 1.25 per cent against the US dollar (US$), as the central bank has decided to allow the depreciation for reining in volatility of the forex market.The local currency is set...

Directive to clean augean stables within 72 hours

Neil Ray | 2022-05-30 00:00:00

The Directorate General of Health Services (DGHS) issued on May 25 last a directive for closure of all unregistered private hospitals, clinics and diagnostic centres within 72 hours. About the merit of the move there is no doubt. Health facilities...

Weighing options before joining a mega-regional trade bloc

Asjadul Kibria | 2022-05-29 00:00:00

Around six and half years back, members of the World Trade Organization (WTO) met in Nairobi, the capital city of Kenya, to negotiate a series of unfinished multilateral trade agendas. Three proposed mega-regional trade deals had cast a shadow on...

Bangladesh has a moderate summer but its luck may run out in future

Nilratan Halder | 2022-05-28 12:00:00

A slow but sure change in the pattern of seasonal cycle is taking place in this part of the world. Climatologists have sounded alarm bell ringing about the rising temperature, only more so for countries in the South Asian region....

Experts for timely policy, support

MUNIMA SULTANA | 2022-05-28 00:00:00

The country expects huge economic benefits from the dream Padma Bridge project, though experts suggest taking timely policy and supportive measures to reap maximum benefits from the country's longest bridge after its inauguration next month.Economists, researchers and business communities believe...

Govt gets businesses' tips on trade boosting

SYFUL ISLAM and REZAUL KARIM | 2022-05-28 00:00:00

Diversification of export destinations and pursuing a pragmatic export policy are among the dos in a contingency recipe the government has got from the business community for weathering headwinds facing the economy.The other recommendations include extending all types of facilities...

Stocks slide for fourth straight week

BABUL BARMAN | 2022-05-28 00:00:00

Stocks extended the losing streak for a fourth straight week ending Thursday even though various market-supportive measures were put in place to halt the free-fall of the market.This week saw five trading days as usual -- three sessions fell sharply...

Ctg-HK sea route starts

Nazimuddin Shyamol | 2022-05-28 00:00:00

CHATTOGRAM, May 27: The first ship from Hong Kong reached the Chittagong Port on Thursday, and left the port on Friday. With the berthing and leaving of the ship, named MSC Kymea, a new sea route from the port to...

Are the Rohingya a forgotten lot?

Syed Fattahul Alim | 2022-05-28 00:00:00

The more than a million Rohingya forcibly displaced from their homeland and now living in the cramped camps in Cox's Bazar have found no solace from the words of the head of the UN Refugee Agency, Filippo Grandi, who recently...

Organisational leadership: a shift in post-Covid-19 perspective

Mohammad Shahidul Islam, Tanzin Khan, and Riya Prava | 2022-05-28 00:00:00

Leadership refers to the unique quality of governing employee behaviour. Leaders guide and motivate employees to achieve organisational goals and objectives in an organisational setting. Leaders are responsible for taking an effective corporate resolution to eliminate any discrepancies. Additionally, they...

Forex spent on fish import despite self-sufficiency

Doulot Akter Mala | 2022-05-27 00:00:00

Huge foreign currencies go out for fish import despite Bangladesh being self-sufficient in fisheries production, at a time when the government goes all out to replenish its reserves. The country ranked third in fish production in the world, fifth in...

Bankers push for further taka devaluation

SIDDIQUE ISLAM | 2022-05-27 00:00:00

Bangladesh's top bankers are going to suggest the central bank to let the local currency depreciate further by nearly Tk 2.0 against the US dollar to manage the intractable foreign-exchange market.The decision was made at a joint meeting of the...

Let the lungs of Dhaka breathe fresh

Nilratan Halder | 2022-05-27 00:00:00

Passionately called the lungs of an ailing Dhaka City, Hatirjheel outwardly looks smart and healthy. But it is so more like those of a cancer patient. Without the best of cares, revival of its health is a distant dream. The...

Local investors not yet convinced

Farzana Nahid and Nahin Sultana | 2022-05-26 12:00:00

Startups are never about ultimate perfection, rather are an interactive process of continual development. The founders do not know it all from the beginning but learn in the process as they grow. While innovation is the soul of startups, scalability...

Corporate e-return comes to ease taxing businesses

Doulot Akter Mala | 2022-05-26 00:00:00

Tasked with pooling higher funds for financing steadily increasing national budget, the revenue authority now moves to automate the corporate tax-return filing for the ease of business taxpayers. Officials say that effective from fiscal year 2023-24, the 'corporate e-return' system...

Bankers' summit to set rules of trade

Siddique Islam | 2022-05-26 00:00:00

A bankers' summit meet is going to set rules on how to manage the ongoing volatility on Bangladesh's foreign-exchange market, in the cusp of a global financial crunch. Officials say the central bank will sit with top bankers today (Thursday)...