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Corporates hesitant to confide docs to CAs

DOULOT AKTER MALA | 2022-05-12 00:00:00

Corporate taxpayers appear hesitant about providing necessary financial documents to the chartered accountants for verification, slowing tax-return submission and causing evasion by many.All of the financial statements have to be verified through Document Verification System (DVS) from this year and...

Youngster making his mark in showbiz

Shadique Mahbub Islam | 2022-05-12 00:00:00

"Modhu hoi hoi bish khawaila" - the song that took the internet by storm in 2016 and catapulted a poor local massage kid Jahid Hosen into instant stardom, can be called the exact moment that morphed all social strata into...

Ensuring safe work-environment for doctors

Hasnat M Alamgir | 2022-05-12 00:00:00

Workplace violence against medical doctors is an unfortunate reality of medical practice in Bangladesh as well as in other countries. The World Health Organization (WHO) defines workplace violence as "incidents where staff is abused, threatened, or assaulted in circumstances related...

Muhith: A versatile man

Asjadul Kibria | 2022-05-12 00:00:00

Abul Mal Abdul Muhith, the longest-serving finance minister of Bangladesh who placed 12 national budgets, passed on April 30 at the age of 88. With his passing, a vibrant chapter of the country's economic and development policymaking comes to an...

Tax receipts from DSE jump 41pc in 10 months

BABUL BARMAN | 2022-05-11 12:00:00

The government revenue earnings from Dhaka Stock Exchange (DSE) jumped 41 per cent in 10 months of the current fiscal year compared to the same period last fiscal backed by rising trading volume.Market analysts said in line with the rising...

JS rail body seeks to go abroad to see dev

MUNIMA SULTANA | 2022-05-11 00:00:00

Members of the parliamentary standing committee on railways ministry intend to visit different countries to see railway-sector development in order to play their roles as a watchdog.The proposal for the post-Eid visit to Korea, China or Japan was placed for...

Inflation, hefty subsidy baffle planners

SYFUL ISLAM | 2022-05-11 00:00:00

Price spiral and consequent hefty subsidy requirements turn a top concern for the authors of next fiscal budget, sources said, prompting thoughts on a fresh hike in key utilities' rates.Finance ministry officials Monday submitted a budget outline to Prime Minister...

LC margin doubles for high-end imports

Siddique Islam | 2022-05-11 00:00:00

The central bank tightens the letter of credit (LC) rules, doubling the margin for all imports, save some essentials, to ease import-payment pressure on the economy, officials say. Under the latest move, the Bangladesh Bank imposed a prohibitive 50-percent cash...

Karnaphuli ‘capital dredging to be complete in July’

Nazimuddin Shyamol | 2022-05-11 00:00:00

CHATTOGRAM, May 10: The capital dredging work of Karnaphuli River, which resumed last year after a pause for coronavirus outbreak, will be completed within mid-July, officials said. The Chittagong Port Authority (CPA) is the implementing agency of the Tk 2.42...

BD fails to utilise DFQF facility

REZAUL KARIM | 2022-05-11 00:00:00

Bangladesh has so far failed to derive any significant benefit from the duty-free and quota-free (DFQF) market access facility in China.The country could not increase its exports to the Chinese market as expected due to lack of exportable products, product...

Exchange rate misalignment in Bangladesh

Md Nur-E-Alom Siddique and Md Abir Hossain | 2022-05-11 00:00:00

Exchange rate misalignment influences the economic performance of a country especially when it comes to developing countries like Bangladesh. The impact of exchange rate misalignment on growth is more relevant in developing countries than in developed countries. According to D....

Padma Bridge may open on June 25

MUNIMA SULTANA | 2022-05-10 12:00:00

The long-awaited 6.15-kilometre Padma Bridge is likely to open to traffic on June 25 as work on the country's longest infrastructure has been done within timeline.Official sources, however, say the inaugural date, due to be disclosed by the prime minister...

Bangladesh isn't Sri Lanka, but it is time for caution

M A Taslim | 2022-05-10 12:00:00

The spectacular unravelling of the Sri Lankan economy over the last few years and its eventual collapse very recently have attracted wide attention. The miseries wrought by the ensuing economic crisis on the ordinary Lankans have alarmed some observers that...

NBR bags 62pc revenue target in July-March

Doulot Akter Mala | 2022-05-10 00:00:00

The revenue authority collected Tk 2.04 trillion or 62 per cent of the total tax revenue target for the entire fiscal year (FY) 2021-22 until March - leaving a large task for its last or fourth quarter (Q4) from April...

BDT falls more against US$

SIDDIQUE ISLAM | 2022-05-10 00:00:00

The exchange rate of Bangladesh taka (BDT) again dropped against the US dollar (US$)- mainly due to higher demand for the greenback for settling import-payment obligations.The local currency lost its value by 25 paisa in the inter-bank foreign exchange (forex)...

SMEs, sustainable rural development, and local government

Mohammad Tarikul Islam | 2022-05-10 00:00:00

Traditionally, rural development in Bangladesh has been broadly defined as agricultural dependence, and the agricultural sector has remained an important part of rural development in Bangladesh to this day. Moreover, rural development is essentially complementary to poverty alleviation. The Government...

Growing beach-going crowds

Syed Fattahul Alim | 2022-05-10 00:00:00

As the reports go, hundreds of thousands of visitors have flooded the major tourist spots of the country. In Cox's Bazar, accommodation in most of the hotels, motels, guest houses and cottages was booked before the Eid. The tourism operators...

Current-account deficit balloons to $14 billion

Siddique Islam | 2022-05-09 00:00:00

Bangladesh's current-account deficit hits an 'all-time high' at $14.07 billion as widening trade gap coupled with lower remittance receipts affects the macroeconomic balance, officials say.The country's trade deficit reached nearly a $25-billion mark in the first nine months of the...

Passengers unlikely to reap benefits of direct train service soon

Munima Sultana | 2022-05-09 00:00:00

Passengers are unlikely to get benefit from direct train service after launching the Dohazari-Cox's Bazar rail line in a couple of years as two key barriers still stand in the way of operating trains in a 10-kilometre rail corridor.The barriers...

Karnaphuli hydraulic study nearing completion

Nazimuddin Shyamol | 2022-05-09 00:00:00

CHATTOGRAM, May 08: The hydraulic survey of river Karnaphuli, twice hampered for coronavirus outbreak in last year and 2020, will be completed in July next.Once completed, the survey, titled 'Karnaphuli Hydrologic and Hydraulic Study, will open up a new development...

PTA with Bhutan may come into force from July

REZAUL KARIM | 2022-05-09 00:00:00

The Preferential Trade Agreement (PTA) between Bangladesh and Bhutan is expected to come into force from July 01 this year - more than one and a half years after signing a deal in this regard, said officials. On December 06,...

A different pattern of accidents

Neil Ray | 2022-05-09 00:00:00

Road accidents during the Eid vacations mark a sharp rise for reasons understandable. This year is no exception. But to most people's surprise, this time the mass exodus of holidaymakers from the capital and other cities has gone on reasonably...

60,000MT cooking oils reach Ctg Port, more on way

NAZIMUDDIN SHYAMOL | 2022-05-08 00:00:00

Soybean oil was almost out of market on Saturday. During this severe crisis, this trader in Tegharia area of Dhaka's South Keraniganj is seen selling loose soybean oil in small quantities to each customer — FE photo by Shafiqul Alam...

Export cash incentives come under crosscheck

Doulot Akter Mala | 2022-05-08 00:00:00

All of the export products entitled to cash incentives will be examined physically at the customs houses before shipment from now on, in a bid to forestall any forgery. The customs wing of the National Board of Revenue (NBR) has...

Imports jump 50pc in nine months of FY '22

SIDDIQUE ISLAM | 2022-05-08 00:00:00

Bangladesh's overall imports jumped by nearly 50 per cent in the first nine months of this fiscal year (FY '22) following higher imports of fuel oils and industrial raw materials, officials said. The settlement of letters of credit (LCs), generally...

A well-structured commodity exchange in five years

MOHAMMAD MUFAZZAL | 2022-05-08 00:00:00

Chittagong Stock Exchange (CSE) has started its job to establish a well-structured commodity marketplace within five years to ensure fair prices of goods for consumers, producers and peasants.Chairman of the port city bourse Asif Ibrahim said this in an interview...

Growing in the cradle of Nature

Nilratan Halder | 2022-05-07 12:00:00

Do we get wood planks from paddy plants? This bizarre question is often cited to give an idea of the knowledge gap of children born and brought up in cities. Why paddy plants? After all, the staple of the Bangalees...

Most listed banks post higher EPS growth in 2021

BABUL BARMAN | 2022-05-07 00:00:00

Most of the listed banks posted higher profits in 2021, compared to the previous year, largely due to higher operating income.According to market insiders, the central bank's latest relaxation on provisioning, bullish stock market and record imports and exports helped...

Deep seaport will be the regional export-import hub

Nazimuddin Shyamol | 2022-05-07 00:00:00

CHATTOGRAM, May 06: The deep seaport being constructed by the Chittagong Port Authority (CPA) in Matarbari of Cox's Bazar will turn into the most important export-import hub of the region in future, hopes Chairman of the CPA Rear Admiral M...

Shrimp and prawn prospect in BD

Salma Sultana and Sukumar Biswas | 2022-05-07 00:00:00

Frozen foods (shrimp, prawn and fish) ranked seventh among export items as per Bangladesh Export Promotion Bureau count done in 2021. Yet it is possible to come round to the initial ranking shortly through executing some dos.In the 1990s, to...