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Financial crimes: Brokers' own capital determines risk clients are exposed to

Mohammad Mufazzal | 2023-09-24 00:00:00

Tamha Securities’ paid-up capital was Tk 110 million only when it was caught to have siphoned off Tk 513 million from its clients' funds in November 2021. With such a low investment of its own, the broker had been handling...

Call for re-globalisation in uncertain times

Asjadul Kibria | 2023-09-24 00:00:00

Countries across the world now appear less interested in extending cooperation with each other. As it is also impossible to entirely delink one from another, the nations are now concentrating more on limited and selective collaboration. Most countries have lost...

Bangladesh to craft SOP soon to handle dangerous goods

SYFUL ISLAM | 2023-09-23 00:00:00

The Department of Shipping (DoS) will prepare a standard operating procedure (SOP) soon with an eye to regulating safe handling of dangerous goods and solid bulk cargoes carried through seaway.According to officials, the formation of a 'competent authority', headed by...

IBCCI seeks govt nod for import of buffalo meat from India

REZAUL KARIM | 2023-09-23 00:00:00

The India-Bangladesh Chamber of Commerce and Industry (IBCCI) has requested the government to allow buffalo-meat import from India to meet the growing demand of the country, sources said.Recently, IBCCI President Abdul Matlub Ahmad has applied to the commerce ministry, seeking...

Making Umrah travel easier for Bangladeshis

Asjadul Kibria | 2023-09-23 00:00:00

From now on, Bangladeshi Muslim pilgrims can plan and prepare their own Umrah itinerary to visit Makkah and Madina as well as some other tourist destinations in the Kingdom of Saudi Arabia (KSA). There will be a little need to...

The best comes out when man faces the worst

Nilratan Halder | 2023-09-23 00:00:00

To say he has a heart of gold would be a gross understatement. Well, gold may be a precious metal and its reserves may be quite helpful to size up and stabilise a nation's economy, yet it pales before a...

Charges to eat into pvt sector low-paid employees' wages

DOULOT AKTER MALA | 2023-09-22 12:00:00

Electronic salary disbursement to employees, as mandated in the new income tax law, eats into low-paid people's paltry pay through cash-out charges, sources say and seek a relief. The newly imposed fiscal measure on mandatory disbursement of salary, irrespective of...

RHD inspects 5,188 bridges in 23yrs

MUNIMA SULTANA | 2023-09-22 00:00:00

It was nearly a Herculean task for the Roads and Highways Department (RHD). The government agency, responsible for the construction and maintenance of highways and bridges across Bangladesh, recently completed the inspection of 5,188 bridges, flagging 184 of them as...

A losing battle against vector and virus

Nilratan Halder | 2023-09-22 00:00:00

For five consecutive days more than 3,000 dengue patients got admitted to different hospitals of the country with the lowest death toll of seven recorded in 24 years by 8 a.m. on Tuesday and the highest 21 by 8 a.m....

IFC offers $30m to DBH Finance for low-cost housing

BABUL BARMAN & FARHAN FARDAUS | 2023-09-21 12:00:00

Global development institution International Finance Corporation (IFC) has shown interest in extending its support to DBH Finance to help carve out a loan segment exclusively meant for middle-income people. Not only has it come up with a proposal to invest...

Experts forewarn consequent risks, unpredictability

ISMAIL HOSSAIN from Shanghai, China | 2023-09-21 00:00:00

In a rapid technological development era, a strong partnership and commitment is needed among the people across the world to encounter the consequent risks and unpredictability that might emerge from the fast-moving tech trend, experts observed at a seminar in...

Showcasing Bangladesh overseas in books

Syed Badrul Ahsan | 2023-09-21 00:00:00

The presence of a large Bengali diaspora in such countries as the United Kingdom, the United States and Canada is cause for happiness. Bengalis who reside in these countries as also in other places have in recent times been actively...

G20: The world, at sixes and sevens

Hasnat Abdul Hye | 2023-09-21 00:00:00

The theme chosen by host country India for the G20 summit this year appeared noble, solemn and even pious: 'one family, one earth, one future.' It has resonated with people across countries through ages while philosophers have envisioned it becoming...

CSE proposes scrip netting hoping for liquidity boom

MOHAMMAD MUFAZZAL | 2023-09-20 00:00:00

The Chittagong Stock Exchange (CSE) has proposed reintroducing intraday same scrip netting to boost liquidity flow in the market through increased transactions.In a proposal submitted last month to the Bangladesh Securities and Exchange Commission (BSEC), it said it was expecting...

Nomenclature of economics as 'orthoniti' revisited

Abdullah Dewan and Humayun Kabir | 2023-09-20 00:00:00

The genesis of the contemplation of writing this article dates to December 2001 at a dinner gathering at Kurmitola Army Club. While introducing me to his friends Col (Rtd) Jafar Imam (Bir Bikram) said, "This is my brother-in-law, Dr Abdullah...

Trial run on Ctg-Cox's Bazar rail track in mid-October

MUNIMA SULTANA | 2023-09-19 00:00:00

The Bangladesh Railway (BR) plans to conduct the first trial run of a train on the newly constructed Dohazari-Cox's Bazar track in mid-October, with the target of officially opening the over 100-kilometre corridor by the end of the month.This will...

Authority eyes investment influx in Mirsarai EZ as facilities readied

SYFUL ISLAM, back from Mirsarai, Chattogram | 2023-09-19 00:00:00

With all facilities readied for the setting up of factories, the authority of the Mirsarai Economic Zone is expecting an 'investment shower' soon in the industrial district, which spans 33,800 acres of land.The EZ has been established with a target...

Source tax soars despite lower deposit growth

DOULOT AKTER MALA | 2023-09-19 00:00:00

Deposit gains of nontaxable low-income people are even being taxed for enforcement puzzles of the new law that yield revenue growth and depress savings.Kulsum Banu, a part-time domestic help in Dhaka's Shantinagar area, is one who gets in the toils...

DBH Finance to raise money through bonds to expand home loans

BABUL BARMAN | 2023-09-19 00:00:00

DBH Finance has decided to raise Tk 5.50 billion by issuing bonds to finance affordable housing against the backdrop of a rise in deposit rates. With the money, it seeks to tap into the demand for home loans among the...

The intractable essentials market

Syed Fattahul Alim | 2023-09-19 00:00:00

The operators of the essentials market do not seem to have responded to the commerce minister's directive in the expected way. For the prices of three essential commodities, namely, potato, the local variety of onion and egg were fixed at...

Determining the price of a new product?

Md. Tajul Islam | 2023-09-19 00:00:00

Pricing is a fundamental element of any business strategy, playing a pivotal role in determining a company's success or failure. It's not merely about assigning a number to a product or service; pricing is a complex and strategic decision that...

Benefits of sending LCL import cargos outside port area

Mohammed Abdullah Jahir | 2023-09-19 00:00:00

A modern port is one which handles only containers not the bulk cargoes. This means that the port only discharges, loads, receives, and dispatches containers but not the bulk goods. A port always needs to try to improve the container...

S'pore wants to build Ctg Bay Terminal

NAZIMUDDIN SHYAMOL | 2023-09-18 00:00:00

CHATTOGRAM, Sept 17: Singapore has shown interest to build the Chittagong Port Bay Terminal. The country wants to operate the terminal for next 30 years after building it. Chittagong Port Authority (CPA) Chairman Rear Admiral Mohammad Sohail said, "Many countries...

BRT coridor opening unlikely before polls

MUNIMA SULTANA | 2023-09-18 00:00:00

Opening of the country's first dedicated bus corridor from Gazipur to Airport is unlikely to be possible before the upcoming general election, as expected by the government, due to complexities in selecting a company to procure buses for its operation.Moreover,...

No law to compensate investors defrauded by stock brokers

BABUL BARMAN & FARHAN FARDAUS | 2023-09-18 00:00:00

No regulatory authority in Bangladesh is obliged by law to provide any remedy if a brokerage firm siphons off clients' money or assets. That is the reason why investors have not yet been paid back even three to four years...

A boy's unsuccessful attempt to fly

Neil Ray | 2023-09-18 00:00:00

Any inquisitive child is likely to wonder how a bird floats on the air with its fragile feathery wings while s/he cannot despite his/her stronger arms. This inquisition has seen its fulfilment and disappointment in the mythical story of Icarus...

Microplastics a potential public health issue

Syed Fattahul Alim | 2023-09-18 00:00:00

A study on the presence of microplastics in salt from 12 salt-producing sites in the Cox's Bazar and Chattogram districts came up with results that are concerning. Plastics are manmade polymeric materials of organic origin with the property that it...

Padma Bridge eats up major earnings from ferry services

SYFUL ISLAM | 2023-09-17 00:00:00

State-run Bangladesh Inland Water Transport Corporation (BIWTC) has sought an increased subsidy of Tk 4.9 billion to meet expenditure as its earnings fell substantially following inauguration of the Padma Bridge.The ferry services of Mawa-Banglabazar route have been suspended after the...

Square Pharma eyes business boom, concentrating on local market

Mohammad Mufazzal | 2023-09-17 00:00:00

Square Pharmaceuticals will be concentrating its strength on catering to the local demand for drugs, keeping in mind two main factors -- quality and availability, said the company's Managing Director Tapan Chowdhury.The drug manufacturer, which expanded its market share to...

Institutions and ICT: people’s perception

Abdul Bayes | 2023-09-17 00:00:00

There is an avalanche of literature arguing that "cross-country empirical analyses, in combination with micro-level studies, provide strong support for the overwhelming importance of institutions in predicting the level of development in countries around the world. Protection of property rights,...