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BR embarks on capacity upgrade as traffic surges

MUNIMA SULTANA | 2024-07-04 00:00:00

The Bangladesh Railway (BR) has taken a new move to improve its operational capacity through institutional development to address challenges posed by the growing passengers and cargo volumes over the past decade.The state-owned train operator increased its passenger-kilometre ratio to...

NBR seeks bank details of Sadeeq Agro, two owners

DOULOT AKTER MALA | 2024-07-04 00:00:00

The Central Intelligence Cell of the revenue board has instructed all banks to provide bank details of Sadeeq Agro Limited (SAL) and its two key persons within a week.The cell under the National Board of Revenue (NBR) has sent letters...

The bind Biden's Democrats are in

Syed Badrul Ahsan | 2024-07-04 00:00:00

This past week has been rather good for Donald Trump. By performing badly in the debate organised by CNN, President Joe Biden convinced many around America why he might not be the best man to be in the White House...

Unlocking ceramic industry's potential

Atiqul Kabir Tuhin | 2024-07-04 00:00:00

Ceramic products have undergone a remarkable transformation in recent years. Once viewed as a luxurious addition to a home or building, they have become a must-have for many consumers. This shift is driven by a growing appreciation for the unique...

Use of Indian ports under consideration

REZAUL KARIM | 2024-07-03 00:00:00

Bangladesh is set to make feasibility check on potential Indian ports for rerouting exports to third countries in a change of traditional entrepots, with bilateral connectivity moves now getting in high gear.A high-powered team will visit India between 06 and...

ICB adopts reforms to stem bad investments

Babul Barman | 2024-07-03 00:00:00

The Investment Corporation of Bangladesh (ICB) has reformed its portfolio management rules to avert bad investments and hold people behind them accountable "in the best interest of the institution".Until now, the country's largest investment bank, which has been criticised repeatedly...

What Brazil need to reach Copa America quarterfinals

Face Colombia today | 2024-07-03 00:00:00

Brazil and Colombia will play one of the most anticipated third-round matches of the tournament after their recent results, in a direct battle for the top spot of the group at Levi's Stadium in Santa Clara, California on Wednesday morning...

Lighting up tax revenue: the role of electricity bills

Syed Abul Basher | 2024-07-03 00:00:00

How can Bangladesh increase its tax revenue? This question frequently appears in media discussions and is also a recurring topic in conversations with my university students. Taxes are the primary source of government revenue, used to finance public investments in...

What to do and what to avoid

Nowshaba Achal | 2024-07-03 00:00:00

One of your most valuable assets is your smile, and the basis of excellent dental health lies behind every radiant expression. However, maintaining and obtaining healthy teeth involves much more than just brushing twice a day. It necessitates a coordinated...

Govt to form special co to run Padma Bridge

Munima Sultana | 2024-07-02 00:00:00

The government will finally form a special company to operate and maintain the country's largest Padma Bridge that was opened to traffic two years ago.The weekly cabinet meeting held with Prime Minister Sheikh Hasina in the chair on Monday approved...

New firm registrations plunge as investment climate sours

Ismail Hossain | 2024-07-02 00:00:00

New private firm registrations dropped 6.76 per cent year over year to 7,479 in FY24, according to official data, as trade leaders see a deteriorating investment climate since the pandemic that has discouraged new business formation.During the recently concluded financial...

Government doubles emergency WMA, overdraft borrowings

SYFUL ISLAM | 2024-07-02 00:00:00

Negative cash-balance situation prevailing for months prompts the government to bump up emergency borrowing from central bank's Ways and Means Advance (WMA) and Overdraft (OD) mechanisms, officials said.The Ministry of Finance (MoF) in a decision has nearly doubled the daily...

Europe's turn to the right

Syed Fattahul Alim | 2024-07-02 00:00:00

Is far right politics going to take over Europe? Is the nightmare of the first half of the 20th century that saw the rise of fascism in Europe returning? After Mary Le Pen's far-right National Rally (formerly National Front) trumped...

Budget-FY 25: the same old saga

Shamsul Huq Zahid | 2024-07-02 00:00:00

Yet another budget was approved by the lawmakers in the national parliament on Sunday. As a matter of tradition, the budget for the current financial year (FY) 2024-25 is bigger, in terms of total outlay, than that of the immediate...

DSE SME board gains 13pc in FY24, advantaged by absence of floor price

Babul Barman | 2024-07-02 00:00:00

The SME market index soared almost 13 per cent year-on-year in the just concluded financial year as it drew a significant number of investors at a time when the main market endured persistent price erosion.Substantial price hikes of most SME...

BD startups: The Good, the Bad, the Ugly

Seyed Mosayeb Alam | 2024-07-01 00:00:00

In recent years, Bangladesh has emerged as a vibrant hub for startups, driven by rapid economic growth, a young and tech-savvy population, and improvements in digital infrastructure. Instead of opening another convenience store like 7/11, Chaldal, an online grocery delivery...

Presidential debates and win-loss matrix

Neil Ray | 2024-07-01 00:00:00

In an era of showmanship, debates between contenders of the world's most powerful position cannot be dismissed as a verbal contest. It is much more than that. The Thursday's debate between President Joe Biden and former President Donald Trump has...

Inflation, forex reserve remain ever defiant

Syed Fattahul Alim | 2024-07-01 00:00:00

The finance minister during his closing speech on the Finance Bill for the proposed budget for the fiscal year 2024-25 on Saturday (June 29) at the Jatiya Sangsad assured the nation that the general point-to-point inflation rate would come down...

A major intervention to improve working conditions in Bangladesh

Hasnat M Alamgir | 2024-06-30 12:00:00

A series of major disasters over the last several years, including a fire incident that killed 112 workers and a factory building collapse that killed 1,122 workers, have provoked widespread calls domestically and internationally to improve the workplace health and...

Black money-holders laugh, loan defaulters to grumble

DOULOT AKTER MALA | 2024-06-30 00:00:00

A 'no pay, no claim' measure is adopted on interest expenses to accelerate repayment of loans as parliament Saturday passed the finance bill with contentious provisions for black-money whitening and duty-free car import. In another major fiscal measure, opposed by...

No end of deaths on highways

Atiqul Kabir Tuhin | 2024-06-30 00:00:00

There is hardly anyone, even the bosses in the highway police department, who can deny the stark reality that roads and highways in the country have turned virtually into deathtraps, taking the number of deaths every day to an alarming...

Aid for Trade in new reality

Asjadul Kibria | 2024-06-30 00:00:00

Over the years, global trade has become more challenging, especially for developing and Least Developed Countries (LDCs). The main reason behind the challenges is a rise in geo-political tension and conflict, making trade costlier and slower for many developing nations....

Story of Arif Hasnat

Khalid Saifullah Khan | 2024-06-30 00:00:00

"Maintaining a high GPA is crucial, but it's not the only requirement. It's equally important to thoroughly research the target institution and understand its specific requirements and expectations," says Arif Hasnat, a RUET graduate who got offers from multiple US...

Four alternatives figure high as domestic financing falters

SYFUL ISLAM | 2024-06-29 00:00:00

Four remedies come into consideration as regards a fiscal rejig as domestic financing in Bangladesh faces daunting challenges amid interest surge on bank loans and borrowing through treasuries, too, officials said.A meeting of the Cash and Debt Management Committee (CDMC),...

Incidence of tax evasion by professionals very high

Doulot Akter Mala | 2024-06-29 00:00:00

More than half of the eligible individual taxpayers among professionals evade tax net, somehow, while Bangladesh's state exchequer suffers revenue shortages perennially.Such a hiatus in the country's tax-collection system comes crystal clear from an initial estimate, based on government database....

Goats will not come to expose Motiurs all the time

Nilratan Halder | 2024-06-29 00:00:00

It has earned the notoriety of chhagalkando (goat affair). A member of parliament of the ruling party has given credit to the goat for exposing Motiur Rahman, an Anti-Corruption Commission (ACC) official alleged to have acquired mountainous proportion of wealth...

VAT exemptions cost Tk 1.29tn in 2022

Doulot Akter Mala | 2024-06-28 00:00:00

The country's value-added tax (VAT) revenue from domestic sources was reduced by an estimated 3.26 per cent of GDP in 2022 due to various waivers and exemptions, according to a study, calling the declining VAT flow "concerning".The study by the...

Govt expects to meet IMF-set NIR threshold by June 30

SYFUL ISLAM | 2024-06-28 00:00:00

Over US$2.0 billion is received thus far this June and $650 million more is expected by Sunday in budget support as the government races against time to meet an IMF-set forex target by this fiscal yearend. Bangladesh has to have...

Trade-cargo accommodation too short amid import surge

DOULOT AKTER MALA | 2024-06-28 00:00:00

Dhaka airport's much-vaunted new terminal is found wanting on several counts in customs test, including inadequate capacity to accommodate burgeoning trade cargos until checking against tax evasion. Official sources said Bangladesh customs found such limitations, including insufficient spaces in cargo...

Assange walks into freedom, let him live in true freedom

Nilratan Halder | 2024-06-28 00:00:00

'Fair is foul, and foul is fair, hover through fog and filthy air' -William Shakespeare This is exactly how the world's pre-eminent bard and playwright writing in the 16th and early 17th centuries, exposed the hypocrisy of people, particularly in...