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Automatic VIC sans backed-up measures will be useless

Nilratan Halder | 2023-10-20 12:00:00

The inauguration of the country's first automatic vehicle inspection centre (VIC) at the Bangladesh Road Transport Authority's Mirpur office on Thursday has the potential to be a milestone achievement in terms of the BRTA's capability. This infrastructural addition to the...

Land acquisition, utility issues slow construction

MUNIMA SULTANA | 2023-10-20 00:00:00

The construction of Dhaka's second high-speed elevated expressway -- the Dhaka-Ashulia Elevated Expressway -- is progressing slightly behind the target, with 9.5 per cent of work completed nearly a year after the construction began.Project officials pointed the finger at a...

Govt mulls seasonal taxing of essentials

DOULOT AKTER MALA | 2023-10-20 00:00:00

Now the government mulls over introduction of 'seasonal tariffs' on import of agricultural commodities to ensure fair prices to the farmers and tame the sky-rocketing prices at the consumer end.The Ministry of Agriculture (MoA) would prepare product-wise calendar on production...

Behind the public persona

Syed Badrul Ahsan | 2023-10-19 12:00:00

Dara Shikoh, the Mughal prince who should have succeeded his father, the Emperor Shah Jahan, on the throne but for the machinations and murderous instincts of his younger brother Aurangzeb, was an erudite man. He was a scholar, delving into...

Frequent flyers on customs' radar as gold smuggling rises

DOULOT AKTER MALA | 2023-10-19 00:00:00

Customs has detected a tactic used by a section of people involved in the gold business to smuggle in the precious metal by flying frequently abroad and returning.The Dhaka Customs House (DCH) has identified a recent surge in the number...

Bangladesh economy facing headwinds

Hasnat Abdul Hye | 2023-10-19 00:00:00

The International Monetary Fund (IMF) in its latest update has said the world economy is limping. This assessment is the aggregate of economic performances of all countries — developing, developed and emerging. Bangladesh as a developing country, recently elevated to...

Systematic investment plan: A tool engendering enthusiasm in MFs

MOHAMMAD MUFAZZAL | 2023-10-18 00:00:00

Both the securities regulator and asset managers see Systematic Investment Plan (SIP) as a tool to help grow the mutual fund sector, with the scheme showing some success by bringing in funds from small investors. The investment vehicle that encourages...

Can MFS mitigate the financial inclusion divide for unserved citizens?

Nusrat Sharmin Jemima and Najmul Hasan | 2023-10-18 00:00:00

Underserved communities, such as those living in hard-to-reach areas, encounter a wide range of inequalities, notably the technological divide compared to the mainstream population. Financial inclusion for all is a major drawback, among other factors, although it has been seen...

A serene open library in the midst of chaotic Dhaka

KHALID SAIFULLAH KHAN | 2023-10-18 00:00:00

Open Libraries bear cultural significance in society, and so does the one that exists at the centre of the city of Dhaka-at the entry of Suhrawardy Udyan, on the southwest of Raju Memorial Sculpture, or as people say, TSC. The...

Smartcard programme faces setback for lack of databases

REZAUL KARIM | 2023-10-17 00:00:00

The government's move to introduce smartcards for the 10 million low-income families is facing a setback due to lack of required databases, sources said. Although Commerce Minister Tipu Munshi is frequently expressing his desire to distribute the smartcards as soon...

Trust Bank takes full control of Trust Axiata Digital, now opts for going slow

ISMAIL HOSSAIN | 2023-10-17 00:00:00

Trust Bank Ltd is planning to proceed 'slow and steady' after acquiring 100 per cent ownership of its subsidiary, Trust Axiata Digital Limited, a mobile financial service established by the bank in collaboration with Malaysia-based Axiata Digital Services Sdn Bhd...

Utilising youth power

Syed Fattahul Alim | 2023-10-17 00:00:00

Youths (aged between 15 and 29 years) comprise 27.9 per cent or about 28 per cent of Bangladesh's total population of 169.8 million, according to the last 'Population and Housing Census 2022'. During the release of the census data by...

Chevron Bangladesh - 28 years of moving Bangladesh forward together

Eric M Walker | 2023-10-16 12:00:00

Chevron is one of the world's leading integrated energy companies, involved in virtually every aspect of the energy industry. As a global energy provider, we have helped deliver many of society's most important advancements. We have a vital role to...

Prospect and challenges of auto gas in Bangladesh as green fuel

Engr. Mohammad Serajul Mawla | 2023-10-16 00:00:00

The transport sector is a leading contributor of carbon emission and greenhouse gas effect in any country. Equally important is that of all transport-related pollution, nearly 95 percent comes from road transport in the country.Research has even shown that vehicular...

LPG industry growth

Mohammed Saidul Islam | 2023-10-16 00:00:00

Liquefied petroleum gas (LPG) industry in Bangladesh has navigated many ups and downs in the last decade and gradually positioned itself as an alternative to natural gas. In 2022 Bangladesh imported about 1.4 million metric tonnes of LPG at its...

Updated online tax return submission portal launched

DOULOT AKTER MALA | 2023-10-16 00:00:00

The National Board of Revenue (NBR) on Sunday launched an updated online tax return submission platform to facilitate individual taxpayers to comply with the November 30 deadline.The portal would provide an extended facility this year, allowing all the taxpayers to...

IMF inquires govt efforts to expand renewable energy generation

SYFUL ISLAM | 2023-10-16 00:00:00

The push on the government to enhance clean energy generation has been growing, with fossil fuel prices having risen significantly in recent months amid their short supply caused by foreign currency scarcity, officials said.Last week, a visiting team of the...

Three held on extortion charges

Three held on extortion charges | 2023-10-16 00:00:00

SIRAJGANJ, Oct 14 (UNB): Three people were arrested on the charge of extorting Tk 0.1 million holding two college students hostage in the science college intersection area of Sirajganj's Ullapara municipality.The arrestees are Babu Talukder (39), son of Md Tipu...

Children in a society hostile to them

Neil Ray | 2023-10-16 00:00:00

In its quarterly report, the Ain O Salish Kendra (ASK), a frontline non-government legal aid and human rights body, reveals that at least 128 children were murdered in the first three months of this year. Another 225 children were subjected...

Art of using water as a climate adaptation strategy

Syed Fattahul Alim | 2023-10-16 00:00:00

The present challenge before the world is meeting the rising demand for food amid the climate-change-induced natural calamities affecting crop production. According to an estimate, pests and crop diseases destroy 20 to 40 per cent crop yield worldwide. Notably, pests...

Nagar Paribahan loses all its charms

Munima Sultana | 2023-10-15 00:00:00

Launched in three city routes to offer comfortable services, the Dhaka Nagar Paribahan has allegedly turned into an unpleasant commuting by now as the passengers have to wait for a long time to get a bus for their destination.Initially more...

No countervailing duty anew, Dhaka to urge Delhi

REZAUL KARIM | 2023-10-15 00:00:00

Dhaka is expected to persuade Delhi for not imposing fresh countervailing duty (CVD) on jute goods as such products are already facing an anti-dumping duty (ADD) by the Indian authorities.India has started conducting an investigation recently on the import of...

Here is what needed to boost retailers' interest in MFs

Mohammad Mufazzal | 2023-10-15 00:00:00

Retail investors' participation has remained insignificant in mutual funds (MFs) whereas these investment instruments are especially designed to ensure good returns for small investors with the help of professional fund managers. There is a lack of data on investments of...

Troubled Islamic financing

Asjadul Kibria | 2023-10-15 00:00:00

Even with immense potential, the Islamic financing industry in Bangladesh has faced various challenges, especially in the last couple of years. The lack of diversification of the industry, primarily dominated by banking, is a big barrier to tapping its potential....

Foreign feeder ships face port disruptions

SYFUL ISLAM | 2023-10-14 00:00:00

Foreign feeder vessels carrying cargos to and from Chittagong seaport now lament severe operation disruptions and resultant penal costs for getting caught in toils of law.Operators and port sources said the complications arose as the authorities started strict application of...

A shared vision for a better world

Mohammad Anwarul Karim | 2023-10-14 00:00:00

Since 1970, 14th October has been celebrated as the World Standards Day. Around the globe, various activities are chosen by national standards bodies and intergovernmental organizations to commemorate the date. In Bangladesh, two regulatory agencies are working on setting, implementing,...

Human civilisation is brought to its knees

Nilratan Halder | 2023-10-14 00:00:00

Newspapers have been carrying pictures of Palestinians carrying bodies of babies killed in ruthless bombardments on besieged Gaza or women and children fleeing for their lives to where they do not know. These sights evoke an overpowering feeling of sadness...

Customs chase ghost companies in export

DOULOT AKTER MALA | 2023-10-13 00:00:00

Customs has determined 'scope of 'work' for stakeholders as per Export General Manifest (EGM) of late to eliminate 'ghost' exporters and check money laundering, following recent discoveries of deviations.The government has implemented EGM in all customs houses through Asycuda System...

Commercialisation of agriculture: How much is too much?

Nilratan Halder | 2023-10-13 00:00:00

With the launching of a 70-billion project for commercialisation of farming on Wednesday last, the country's agriculture embarks on a fresh pasture. Mostly financed by the World Bank, the project seeks to mainly produce vegetables and fruits on a commercial...

Appointment of contractors for Matarbari deep-sea port in Nov

NAZIMUDDIN SHYAMOL | 2023-10-12 00:00:00

CHATTOGRAM, Oct 11: The Chittagong Port Authority (CPA) is likely to appoint contractors for the construction of Matarbari Deep-sea Port next month (November).Evaluation of the tenders submitted for construction work of the port is likely to be completed soon. Then...