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Written-off bank loans rising for recovery 'reluctance'

SYFUL ISLAM | 2022-04-02 00:00:00

Drives for recovering billions of taka in written-off loans appear sluggish as most of the state-owned banks each month reclaim only a peanut, officials say, while the dud money ballooning.After the balance sheet is cleaned by writing off the default...

Stocks inch up amid cautious trading

BABUL BARMAN | 2022-04-02 00:00:00

Dhaka stocks posted a modest gain in the outgoing week as investors started putting fresh bets on lucrative stocks amid cautious trading.Of the five trading days this week, three sessions closed higher while two others edged lower amid volatile trading.Week...

Mind's eye needed to rediscover beauty of spring and Nature

Nilratan Halder | 2022-04-02 00:00:00

This is the Basanta (spring), the king of seasons in this part of the world. But is it pronounced enough in Nature and people's life? In the first month of the two considered spring on the Bangla calendar, there is...

Let Ukraine crisis not fester

Syed Fattahul Alim | 2022-04-02 00:00:00

Kremlin spokesperson Dmitry Peskov's comment that there has not been much progress in the negotiations one day after the Ukrainian and Russian delegates sat in Istanbul of Turkey has only confirmed Western misgivings about any positive outcomes from the talks....

Green industrialisation for sustainable development

AHM Masum Billah | 2022-04-02 00:00:00

The contribution of industry to the national economy is gradually increasing with about 35.14 per cent of Gross Domestic Product (GDP) at present. As part of striving for building a developed nation by 2041, the industrial sector is playing a...

Determinants of commercial bank lending rates in Bangladesh

Murad Ullah Bhuiyan | 2022-04-02 00:00:00

Until 1990, the lending rate structure of Bangladesh was administered by a mechanism set by the government. So interest rates on deposit and lending were not changed simultaneously with the movement in inflation. Moreover, the government attempted to give incentives...

Postpone classification of loan until June 30

SIDDIQUE ISLAM | 2022-04-01 00:00:00

The country's apex trade body has requested the central bank to suspend loan classification until June 30 to keep the overall business activities as usual.Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Md Jashim Uddin sent a letter...

NSDA issues guideline to award entities

DOULOT AKTER MALA | 2022-04-01 00:00:00

Skill development initiatives by various organisations would be recognised by the government - to ensure availability of skilled labour forces as per local and international market demand.The National Skill Development Authority (NSDA) would give 'Skill Centre of Excellence Recognition' to...

Thoansh: A book on Noakhailla dialect

Helal Uddin Ahmed | 2022-04-01 00:00:00

According to reliable estimates, there are currently over seven thousand active languages in the world. However, human languages also have hundreds of branches and sub-branches based on regional or territorial variations, which are usually called dialects. Bangla also has numerous...

A new-look city with a network of subways

Nilratan Halder | 2022-04-01 00:00:00

Unveiled on Tuesday, a feasibility study on subways together with their preliminary design for Dhaka at a seminar paints a most positive and rosy picture for the capital that has earned the most dubious distinctions recently. A Spanish firm, TYPSA...

Structures now under PPP as Kajima skips

MUNIMA SULTANA | 2022-03-31 00:00:00

The Bangladesh Railway (BR) will now build some structures in Kamalapur rail station area under the public-private partnership (PPP) under a billion-dollar multi-modal transport hub (MmTH) project.The development comes as the Japanese private partner is unwilling to develop non-revenue-earning area.Sources...

University life, to freshers

Sirajum Munira Tuli | 2022-03-31 00:00:00

"It was feeling like a curse to be auto-passed after a long confusion about whether the HSC exam will be held or not. Many acquaintances of mine were mocking me, calling 'hey, auto!'." Tahirul Islam Talha, a first-semester student in...

Recast ahead as distortions hit VAT system

DOULOT AKTER MALA | 2022-03-30 00:00:00

Distortions like advance tax, tax on tax, specific VAT, VAT deducted at source and patchy refund mechanism jumbled up to deviate an ideal taxation system called value-added tax in Bangladesh, prompting a rethink.Proper VAT structure must have refund system in...

Bus route franchise in Dhaka not workable yet

MUNIMA SULTANA | 2022-03-30 00:00:00

The authorities concerned are still struggling to make the bus route franchise (BRF) system workable in Dhaka city due to failure to convince bus operators to abide by compliances.Insiders said Dhaka Transport Coordination Authority (DTCA) and two Dhaka city corporations...

IBBL to embrace full digitisation

Siddique Islam | 2022-03-30 00:00:00

Islami Bank Bangladesh Limited (IBBL) has planned to launch full digitisation using the latest financial technology (FinTech) within the next five years, the bank's top executive said."We want to be a 100 per cent digital bank within the next five...

BTRC issues new licensing regulation

DOULOT AKTER MALA | 2022-03-29 00:00:00

The Bangladesh Teleco-mmunication Regulatory Commission (BTRC) issued a new licensing regulation, categorising services for getting licences through tender and open allocations.The regulation -- Bangla-desh Telecommunication Regulation (Licensing) 2022 -- scrapped the previous one, issued in 2004, to implement the BTRC...

Top-level taskforce tasked with tackling market

REZAUL KARIM | 2022-03-29 00:00:00

The government fields a high-powered taskforce to review commodity prices and market manners and do whatever deemed fit to keep the supplies within commoners' buying capacity.Commerce Minister Tipu Munshi, whose ministry mainly overseas trading in commodities, has been put at...

Excess liquidity risks fuelling inflation

SIDDIQUE ISLAM | 2022-03-29 00:00:00

Excess liquidity in the country's banking system is likely to fuel inflationary pressure on the economy, the central bank cautions over money-supply upturn. "Excess liquidity stemming from the stimulus packages may engender inflationary bubbles in the upcoming months where strong...

Our scientists' contribution to diabetes research

Syed Fattahul Alim | 2022-03-29 00:00:00

The medical condition called diabetes is a global public health issue. People knew about this health hazard since ancient times through its characteristic symptoms such as 'sweet urine' and muscle loss. But the exact cause of this condition was unknown...

Tk 20 billion fund for shipbuilding industry soon

SIDDIQUE ISLAM | 2022-03-28 00:00:00

A Tk 20-billion kiss of life to Bangladesh's emerging shipbuilding industry is coming soon, officials say, as it's one of the thrust sectors of the economy.A proposal to this effect was approved at a board-of-directors meeting held at the central...

New export policy sets sights high

DOULOT AKTER MALA | 2022-03-28 00:00:00

The government makes the new Export Policy 2021-24 effective with the highest priority attached to 14 sectors to boost much-needed foreign-currency earnings. With effect from March 23, 2022, the policy contains in its core navigating upcoming post-graduation challenges, fourth industrial...

Policymakers must get their priority right

Neil Ray | 2022-03-28 00:00:00

The big story is that the queues behind the TCB (trading corporation of Bangladesh) trucks are getting longer with every passing day. Stories like this over a period of time no longer draw readers' attention. But stories within a story,...

The road to liberty

Syed Badrul Ahsan | 2022-03-26 12:00:00

March 25, 1971 dawned in unease, both among the Bengali political leadership and the population as a whole. From the early part of the day, rumours began to make the rounds of an imminent army operation against the Bengali nationalist...

Falling water table a looming danger

Syed Fattahul Alim | 2022-03-26 12:00:00

Extensive use of groundwater for irrigation, domestic use as well as industrial purposes has been an issue of huge concern since long in Bangladesh. But no serious effort has so far been made to reduce the country's dependence on groundwater....

Growing orders signal export surge

SYFUL ISLAM | 2022-03-26 00:00:00

Additional container-handling orders are pouring in off-docks around Chittagong seaport in clear signs of significant export growth ahead for Bangladesh, sources say, amid global trade resurgence.In the recent weeks a good number of freight forwarders have inquired in the off-docks...

Stocks down as investors stay cautious

BABUL BARMAN | 2022-03-26 00:00:00

Dhaka stocks witnessed a marginal correction this week after bouncing back in the previous weak from the steep market fall, as investors stayed cautious due to the ongoing Russia-Ukraine war and escalating inflationary pressure.Of the five trading days this week,...

Russia-bound RMG containers stuck in Ctg port for war

Nazimuddin Shyamol | 2022-03-26 00:00:00

CHATTOGRAM, Mar 25: Bangladesh's apparel export to Russia is being seriously hampered due to the ongoing war in Ukraine as a large number of containers loaded with readymade garments (RMG) bound for Russia are stuck at the nine off-docks in...

The power of reading book

Hussain Muhammad Walid | 2022-03-26 00:00:00

Reading is not a kind of habit that all of us want to perform but rather we avoid it as much as we can. The same held true for me until the middle of 2021 when I read something for...

CEOs of banks

Syed Md. Aminul Karim and Md. Ariful Islam | 2022-03-26 00:00:00

The role of Chief Executive Officers (CEOs) has become an emerging function. The goal is to strike a balance between serving both shareholders and other stakeholders. The contribution of CEOs of banks is no different, except for the industry in...

Operation Searchlight & slaughter of Dhaka

Helal Uddin Ahmed | 2022-03-26 00:00:00

'Operation Searchlight' was a brutal campaign waged by the Pakistani military personnel stationed in Bangladesh territory against the unarmed Bangalis from the night of March 25, 1971. While the Pakistani President General Yahya Khan had ordered this fortnight-long operation (up...