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NBR study finds overlapping of Asycuda, NSW

Doulot Akter Mala | 2022-02-15 00:00:00

A comparative study of the National Board of Revenue (NBR) found that the existing Asycuda World (AW) system already developed major connectivity features - planned for the Tk 5.85-billion National Single Window (NSW) project.The NSW and the AW have a...

Now comes Istisna Sukuk for dev financing

Siddique Islam | 2022-02-15 00:00:00

The central bank now tosses a new brand of Islamic bond called Istisna Sukuk to raise Tk 50 billion for financing a rural infrastructure-development project, officials say.A six-member Technical Committee, headed by Masuma Sultana, a deputy general manager of the...

China's economy demonstrates strong resilience in 2021

Liu Zhenhua | 2022-02-15 00:00:00

Against the global slowdown in 2021, China's economy showed development potential and growth resilience. The reform and opening up and innovation were further advanced, the people's livelihood was strongly and effectively safeguarded, new strides were made in building a new...

Fathomless void that stares Manu Rani in the face

Syed Fattahul Alim | 2022-02-15 00:00:00

Any fatal road accident is tragic. But in Bangladesh, fatal road mishaps are so common that the use of the qualifier, 'tragic', is reserved for special cases, for example, where the casualty figure is high or the circumstances of the...

Search for a universal vaccine

Helal Uddin Ahmed | 2022-02-15 00:00:00

The Covid-19 vaccines have undoubtedly saved hundreds of thousands of lives across the globe since the inoculation drive was launched in the USA on December 14, 2020, about one year after the outbreak of novel coronavirus pandemic. Whereas it took...

Mobile, internet users double in 2021

ISMAIL HOSSAIN | 2022-02-14 00:00:00

Both the mobile and internet users in the country more than doubled in 2021 compared to the immediate past year, thanks to increasing dependence on digital lifestyle during the peak time of the Coronavirus pandemic.According to the latest data of...

Chinese nationals miss their biggest festival this year

Munima Sultana | 2022-02-14 00:00:00

As the construction work of Padma Bridge gets momentum with a target to complete it by June next, majority of the Chinese nationals are not going home to join the celebration of Lunar New Year, China's biggest festival during the...

Govt eyes $12b leather, leather goods export by 2030

REZAUL KARIM | 2022-02-14 00:00:00

The government is planning to boost the country's export of leather and leather goods to US$ 12 billion by 2030, officials said.The time for fulfilling the target has been fixed between 2021 and 2030, and the timeframe would be coordinated...

Avoidable road crashes

Nilratan Halder | 2022-02-14 00:00:00

The country's dismal record of roads and highways is turning worse with every passing day. It appears that the authorities concerned have resigned to the rising daily vehicular crashes and the consequent casualties. There is no respite from tragedies, many...

Securing a foothold in South Sudan

Shamsul Huq Zahid | 2022-02-14 00:00:00

Bangladesh, in the second week of this month, reportedly placed a proposal with the African nation of South Sudan for allowing Bangladeshis to do contract farming there. Foreign Minister Dr Abdul Momen made the proposal when a high-level South Sudanese...

Dilemma over metro rail fare fixation

MUNIMA SULTANA | 2022-02-13 00:00:00

The government is facing a dilemma over fixing the metro rail fare due to lack of necessary policy and mechanism to assess it with subsidy.The authorities concerned were, however, considering two possible models of determining the fare for the country's...

Customs set indicators to detect malpractices

DOULOT AKTER MALA | 2022-02-13 00:00:00

The customs authority has put in place a set of indicators to help detect abuse of duty-free facilities under the bonded warehouse scheme.While setting the indicators, the authority has taken into consideration a few risk factors that it has identified...

BSEC, bourses ramp up vigilance, enforcement actions

Mohammad Mufazzal | 2022-02-13 00:00:00

The securities regulator and the bourses have intensified their vigilance and enforcement actions against the errant market operators and listed companies to ensure the safety of investors' money and investments, officials said.Their joint efforts have been accelerated against the backdrop...

Consumption spree pushes GDP growth

Asjadul Kibria | 2022-02-13 00:00:00

Consumption spree in the last fiscal year (FY21) drove the strong rebound of economy amidst the second wave of the pandemic. This is inferred from the final estimation of the Gross Domestic Product (GDP) for the last fiscal year. The...

Vigil against mkt manipulation put at highest level

REZAUL KARIM | 2022-02-12 00:00:00

The government beefs up monitoring at top level to thwart price hike of essentials through any artificial supply scarcity, officials say, as pre-Ramadan hoarding for a windfall remains a concern. Meanwhile, as analysts say price spiral could assume security implications,...

Crackdown on power, water, gas theft in Ctg hills soon

NAZIMUDDIN SHYAMOL | 2022-02-12 00:00:00

CHATTOGRAM, Feb 11: Chattogram district administration is going to take a stringent move soon to stop unauthorised use of power, gas and water in the hilly areas. The authorities will identify the utility lines in possession of the unauthorised hill...

Progress in work 60pc

NAZIMUDDIN SHYAMOL | 2022-02-12 00:00:00

CHATTOGRAM, Feb 11: Work to implement Chattogram Waterlogging Removal Project (CWRP), which remained hamstrung for one year due to multifarious problems, including coronavirus outbreak, is going on in full gear now.An official on Thursday said though time of the project,...

Buyers drive stock rebound after two-week losing streak

BABUL BARMAN | 2022-02-12 00:00:00

Stocks rebounded in the outgoing week, snapping a two-week losing streak, as investors showed their buying interest in potential stocks ahead of annual earnings and dividend declarations.The week featured five trading days as usual, with the four sessions edging higher...

Celebration of life in time of pandemic

Nilratan Halder | 2022-02-12 00:00:00

Quite a lengthy Winter, indeed! Many complain against the 'untimely rain' and of course, the highly fluctuating temperatures within days or even within a day. Is Nature playing a hide-and-seek game, then? Well, if mist envelops the surrounding even at...

What GDP does not say

Syed Fattahul Alim | 2022-02-12 00:00:00

An upbeat planning minister on Tuesday (February 8) informed the public that the economy was more robust than before as the country's gross domestic product (GDP) has registered a growth rate of 6.94 per in FY 21. He further noted...

BB asks SoCBs to involve pvt lenders

SIDDIQUE ISLAM | 2022-02-11 00:00:00

The central bank advises five state-owned commercial banks (SoCBs) to involve private banks in funding a maiden gold refinery in Bangladesh in a bid to diversify any risk of investment.The suggestion was made at a meeting held at the Bangladesh...

The ill-timed DWASA proposal

Shamsul Huq Zahid | 2022-02-11 00:00:00

The Dhaka Water Supply and Sewerage Authority (DWASA) has chosen one of the worst times to propose a hike in water tariff by 20 per cent or more. Residents barring the affluent ones living in Dhaka city, as elsewhere in...

How the country's senior citizens are

Nilratan Halder | 2022-02-11 00:00:00

The news was that on February 2, film actor Riaz's father-in-law committed suicide by shooting in the head with his licensed pistol. This is how Abu Mohsin Khan, 58 years old, just two years shy of becoming a senior citizen,...

Megaprojects relieved of hard rules for resend

DOULOT AKTER MALA | 2022-02-10 00:00:00

The customs issues a fresh set of rules for a resend of machinery on temporary importation, after 38 years, to facilitate carefree implementation of megaprojects.Implementing authorities of different projects would be able to use duty-free machinery, equipment and spare parts...

Developing health outcome measures

Hasnat M Alamgir | 2022-02-10 00:00:00

It has been a challenge to ensure service quality provided by the hospitals-- both public and private in Bangladesh. One primary reason for this is the absence of an agreed and standardised set of health outcome measures that must be...

Illicit tobacco & industry interference in Bangladesh

Rumana Huque, S M Abdullah, Nahian Azad Shashi and Tahmid Hasan | 2022-02-10 00:00:00

On January 2016, Prime Minister Sheikh Hasina expressed the noble vision that Bangladesh will be a tobacco-free country by 2040. The commitment raised our hopes about interference-free policy making opportunities in the arena of tobacco control. The political commitment has...

BD for no further anti-dumping duty

REZAUL KARIM | 2022-02-09 00:00:00

Dhaka will request New Delhi not to further continue anti-dumping duty on hydrogen peroxide as it was not being exported to the Indian market at dumped prices.Hydrogen peroxide is a textile chemical produced here.Officials said Bangladesh has already pleaded with...

Yields on govt securities continue to fall

Siddique Islam | 2022-02-09 00:00:00

The yields on government securities (G-Sec) continued to fall in the recent days as the banks were showing increased interest to invest their excess funds in the risk-free instruments.Lower government borrowing from the banking system has also contributed to pushing...

Stable coins, a bigger threat to banking

Syed Abul Basher | 2022-02-09 00:00:00

While doing academic research on Bitcoin, I was struck by the "Global crypto adoption index," which measures the adoption of crypto currencies across 154 countries. What amazed me was the geographic locations of the top three countries (Vietnam at number...

DFQF to be top agenda

SYFUL ISLAM | 2022-02-08 00:00:00

Bangladesh will keep continuation of the Duty Free and Quota Free (DFQF) market-access facility even after graduation from poor countries' club on top of the agenda in the first meeting of the Joint Working Group (JWG) on Trade and Investment...