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Budget for Covid-19 recovery

Fahmida Khatun, Mustafizur Rahman, Khondaker Golam Moazzem and Towfiqul Islam Khan | 2022-04-26 00:00:00

The country is still in the phase of recovery from the Covid-induced adverse implications that visited the economy over the past two years. In this connection, the national budget for fiscal year FY2022-23 (FY23) needs to accommodate measures to support...

Ctg Port Day today

Nazimuddin Shyamol | 2022-04-25 12:00:00

CHATTOGRAM, Apr 24: Today (April 25) is the Chittagong Port Day, and the Chittagong Port Authority (CPA) is observing its 135 years of formation. The CPA is handling the cargoes and containers of the Chittagong Port, the country's prime seaport...

Call money rate increases further

SIDDIQUE ISLAM | 2022-04-25 00:00:00

The inter-bank call money rate increased further on Sunday despite injecting fresh funds by the central bank into the money market to keep it stable before the upcoming Eid-ul-Fitr festival.The call money rate rose slightly, ranging between 3.50 per cent...

Cut taxes on expensive cooking oils

DOULOT AKTER MALA | 2022-04-25 00:00:00

Bangladesh Trade and Tariff Commission (BTTC) suggests cuts in taxes on sunflower, olive and canola oils to help dilute dependence on widely consumed soybean and palm oils.Sunflower, olive and canola oils are expensive in Bangladesh because of higher duty and...

'No' to overhead cables

Neil Ray | 2022-04-25 00:00:00

Overhead cables are making a greater mess with time for reasons understandable. With sprawling housing complexes popping up, multi-storied residential and commercial buildings dotting vacant city spaces and replacing smaller accommodations, the networks of electric cables, dish, telephone and internet...

Sri Lankan lessons: as you sow, so you reap

Abdul Bayes | 2022-04-25 00:00:00

Economic experiences of some of the South-East Asian countries like South Korea, Singapore, Taiwan had long been taught in courses on economic development. In fact, developing countries like Bangladesh were advised to follow the paths of the so-called emerging tigers....

Govt moves to shape strategies

REZAUL KARIM | 2022-04-24 00:00:00

A move is underway to prepare strategies for branding Bangladesh abroad, aiming to present correctly the country's image including its overall economic strength as a nation.To this effect, a Terms of Reference has already been prepared in order to appoint...

A framework for the private hospitals to build institutional research capacity

Hasnat M Alamgir | 2022-04-24 00:00:00

With the establishment of several high-end, profitable, very large private sector tertiary care hospitals in Bangladesh, it is time for them to start thinking about undertaking in-house research initiatives to improve their care delivery performance, increase clinicians' efficiency, raise service...

Central bank should act to arrest inflation

Asjadul Kibria | 2022-04-24 00:00:00

Persistent rise in inflation in Bangladesh has now been officially recognised by the national statistical agency. The monthly rate of inflation crossed 6.0 per cent level in February last to hit a 16-monht high mainly due to rise in prices...

Keeping a comfortable reserve of foreign currency

Syed Fattahul Alim | 2022-04-23 12:00:00

With the low-income earners' back to the wall as the cost of living is going up irrationally, the government is learnt to have decided to control import of luxury items. Though not having any direct impact on the lives of...

Govt imposes fishing ban in Kaptai Lake from May 1

Nazimuddin Shyamol | 2022-04-23 00:00:00

CHATTOGRAM, Apr 22: The government will impose a three-month ban from May 1 on fishing in Kaptai Lake, the biggest man-made lake in Bangladesh and largest breeding place of carp fish in Chattogram division. The ban will stay in force...

Iran seeks to buy BD ro-ro ships, hire cruiser

REZAUL KARIM | 2022-04-23 00:00:00

An Iranian company eagerly seeks to purchase six roll-on roll-off (ro-ro) ships and hire a cruiser from Bangladesh.TT Tejarar Gostaresh Kish, a member of Kish Merchant Association, has recently shown its purchasing interest to Bangladesh mission in Iran.The Bangladesh embassy...

Stocks snap two-week losing streak on regulatory steps

BABUL BARMAN | 2022-04-23 00:00:00

The market bounced back in the gaining streak last week, snapping a two-week losing streak, as some investors put fresh stakes in lucrative stocks in later part of the week due to regulatory stances.Market analysts said the stocks rebounded with...

The sustaining power of rains

Nilratan Halder | 2022-04-23 00:00:00

Tumi ele, jeno anek diner pare bristi elo …. This melodious romantic song sung by Hemanta Mukherjee has captured the ecstasy of arrival of the beloved after a long wait. But then the most cherished presence has been equated with...

Fiscal measures to support green transition

Fahmida Khatun, Mustafizur Rahman, Khondaker Golam Moazzem and Towfiqul Islam Khan | 2022-04-23 00:00:00

Green fiscal policies are an important component of attempts to address global concerns and transition to an inclusive green economy. Such policies can assist in achieving the Paris Agreement by reflecting externalities in prices, aligning government expenditures with environmental goals,...

Self-financing by city corporations

Nilratan Halder | 2022-04-22 12:00:00

In her presidential address at the Executive Committee of the National Economic Council (ECNEC), Prime Minister Sheikh Hasina has instructed the city corporations to self-finance them. The urban local government bodies, Planning Minister Abdul Mannan elaborated later on, have to...

Revenue concern forces NBR to lift exemptions

Doulot Akter Mala | 2022-04-22 00:00:00

The National Board of Revenue (NBR) has asked the government agencies to add duty and taxes to the cost of their development projects that have been enjoying exemptions so far. "All government ministries, departments and wings are requested to obtain...

Eid shopping gains momentum in port city -

NAZIMUDDIN SHYAMOL | 2022-04-22 00:00:00

CHATTOGRAM, Apr 21: Eid shopping is gaining momentum in the port city as buyers are rushing to different shopping centers to purchase dresses of their choices for them and their near and dear ones.There are 200 permanent shopping centres and...

Lankan crisis: lessons for Bangladesh, other developing countries

Golam Rasul | 2022-04-22 00:00:00

Island nation Sri Lanka is sinking in the worst economic crisis in its history. Ballooning foreign debt, low foreign-exchange reserves, high inflation, shortage of food, fuel, medicine, and other essential items and long hours of loadshedding made citizens' life a...

Combating cyber-bullying of women

Helal Uddin Ahmed | 2022-04-21 12:00:00

Cyber-bullying is a form of bullying or harassment that uses the electronic media for targeting victims. It is also known as online bullying, and has proliferated enormously in recent years among the younger generation in keeping with rapid expansion of...

Bhutan confirms import of 10Gbps bandwidth from BD

ISMAIL HOSSAIN | 2022-04-21 00:00:00

Bhutan has confirmed the import of 10 Gbps (Gigabits per second) of internet bandwidth from Bangladesh."The discussion has been going on for the last few years. Today, Bhutan has accepted our proposal; a formal process will begin soon," Posts and...

Black money mostly skips whitening scheme

DOULOT AKTER MALA | 2022-04-21 00:00:00

Government's tightened money-whitening scheme for the current fiscal fails to rope in the hidebound wealth-holders because of high penal taxes charged for the seal of legitimacy.Economists and tax experts opine against continuation of the controversial fiscal measure in the upcoming...

Protecting government revenue through cautious policymaking

Rezaul Hasan | 2022-04-21 00:00:00

Bangladesh aims to become a tobacco-free nation by 2040, i.e. within the next 18 years. One of the steps taken to address this is increased taxation, a move which has also led to an increase of revenue from tobacco products.Bangladesh's...

Four state-owned banks urged to inject fresh funds into capital mkt

Mohammad Mufazzal | 2022-04-21 00:00:00

The securities regulator has requested four state-owned commercial banks to inject fresh funds into the capital market through formation of special fund.The Bangladesh Securities and Exchange Commission (BSEC) on Tuesday made the plea through separate letters issued to the banks'...

Is it just about the money?

Tasmiah Tabassum Ali | 2022-04-21 00:00:00

Gone are the days when working in finance meant sitting in front of a computer from 9 am to 5 pm and inputting values into an Excel sheet, not seeing any real impact of your work. Finance jobs today require...

Five decades of BD-Canada relations

Humayun A Kamal | 2022-04-21 00:00:00

The Canadian government, people, and media expressed whole - hearted support and sympathy for the people of Bangladesh and their liberation struggle in 1971. Canada also provided much -needed humanitarian assistance, life-saving medicine, as well as financial donations to the...

BSEC seeks explanation from 15 brokers

MOHAMMAD MUFAZZAL | 2022-04-20 00:00:00

The securities regulator has sought explanation from 15 brokerage firms, including some leading ones, for placing sale orders at the lowest level of circuit breaker before starting the day's trading session.The Bangladesh Securities and Exchange Commission (BSEC) on Tuesday sent...

Bangladesh agog to sign FTA with ASEAN

SYFUL ISLAM | 2022-04-20 00:00:00

Bangladesh now works vigorously to sign free-trade agreement (FTA) with ASEAN before LDC graduation to make up for loss of preferential trading facility following exit from the poor-country club.Dhaka's attention is drawn to the Southeast Asian bloc of newly industrialised...

Climate science: what everyone should know

Hasnat Abdul Hye | 2022-04-20 00:00:00

C.P Snow, the renowned British writer and physicist, lamented in his bestselling book 'The Two Cultures,'(1956) about the communication gap between the scientific community and those educated in liberal arts and felt that the gap between the two should be...

Regulator orders suspending 15 operators amid market volatility

Mohammad Mufazzal | 2022-04-19 00:00:00

The securities regulator Monday asked nine brokerages to suspend their 15 trading operators for executing their clients' sale orders sans mentioning any market price of the securities--at a time when bourses suffer volatility.In an order, officials said, the Bangladesh Securities...