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Banks stake Tk 29.68b on stocks thru new window

MOHAMMAD MUFAZZAL | 2022-01-09 00:00:00

Thirty-three scheduled banks have invested Tk 29.68 billion in stocks and sukuks through a special window meant for stimulating Bangladesh's securities-hungry capital market, officials say.The banks channeled the investments into the stock market from a special fund they each formed...

Real purpose of economic forecasting

Asjadul Kibria | 2022-01-09 00:00:00

Another year of Gregorian calendar has started along with a lot of hopes, expectations, uncertainties and risks. Like the previous years, a number of forecasts and projections have also been made on the prospects of economy, both globally and nationally....

Stocks make solid start to 2022

BABUL BARMAN | 2022-01-08 12:00:00

Stocks witnessed a sharp rise in the first week of 2022 with soaring turnover as buoyant investors continued pouring fresh bets on major sector issues, shrugging off Omicron worries.Week on week, DSEX, the prime index of Dhaka Stock Exchange (DSE),...

Recovering from pandemic-induced loss to education

Syed Fattahul Alim | 2022-01-08 12:00:00

The third wave of the Covid-19 pandemic propelled by its Omicron variant looks imminent. The damage to the global economy done by the first two waves is being calculated by governments, businesses and multilateral agencies. Since economic activities are quantifiable,...

Govt starts talks for WB budget support

SYFUL ISLAM | 2022-01-08 00:00:00

Bangladesh has begun talks with the World Bank for budget support towards fighting climate impacts and forwarding various green-growth initiatives in a development-paradigm change, sources say. Last week, finance ministry officials had the opening round of negotiations with officials at...

Govt to give licences for pvt satellites

ISMAIL HOSSAIN | 2022-01-08 00:00:00

The government has decided to award licences for operating private satellites after launching a state-owned satellite in 2018. The Bangladesh Teleco-mmunication Regulatory Commission (BTRC) approved the guidelines in this regard this week, allowing private sector in the market. "According to...

Govt declares St Martin's marine protected area

NAZIMUDDIN SHYAMOL | 2022-01-08 00:00:00

CHATTOGRAM, Jan 07: The government has declared the St Martin's island as a marine protected area to save its rich biodiversity and ecosystem.Eco-warriors have long been demanding such a state measure to protect the ecology of the country's only coral...

Making New Year celebration

Nilratan Halder | 2022-01-08 00:00:00

The New Year celebration has its specialty to different peoples and communities depending on their climes and cultures. This is more so because the year is also different: some have their lunar and some other have their solar calendars. Thus...

Metro rail commercial trial run likely in Sept

Munima Sultana | 2022-01-07 00:00:00

The commercial trial run of the city's first metro rail is expected to start in September this year.Required train sets and tracks also are expected to be ready by then, sources said, but getting necessary manpower to run its operation...

BB support for export trade extended

Siddique Islam | 2022-01-07 00:00:00

Bangladesh's export trade will enjoy various policy supports for six more months under a renewal aimed at helping boost country's overall business activities, officials say. The central bank has extended the tenure of its supports as the country takes more...

Sales in bottles at same time may lead to volatility

REZAUL KARIM | 2022-01-07 00:00:00

The government move to implement marketing of both palm and soybean oil in bottles by March next can lead to volatility in the market, edible oil refiners feared.To avoid the possible and unexpected volatility, Bangladesh Vegetable Oil Refiners and Vanaspati...

Dealing with Omicron threat

Shamsul Huq Zahid | 2022-01-07 00:00:00

That the new coronavirus variant Omicron is super contagious has already been confirmed. It is wreaking havoc, in terms of infection, in Europe and the USA. New Covid cases per day in the USA have more than tripled over the...

Let victory in NZ be the turning point for cricket

Nilratan Halder | 2022-01-07 00:00:00

The Bangladesh Test cricket team could not give the nation a better New Year presentation. A comprehensive win over the reigning Test champions and that too on their own turf! What else is needed to glorify the first ever win...

Corporate tax cuts turn 'eyewash'

DOULOT AKTER MALA | 2022-01-06 12:00:00

With an upturn in source taxes without effective refund or adjustment mechanism, corporate taxpayers find annual budgetary cut in corporate taxes apparently juggling the figures sans helping them.Corporate taxpayers have to pay around 97 per cent of their taxes in...

Stratagems of today's business leaders

Kashafa Khaldun | 2022-01-06 12:00:00

Great leaders have different ways of directing a team, a division, or a company. Some are subdued and analytical, others are charismatic and go with their gut. What makes a great leader is when one goes beyond his core job...

Forex reserve falls to $44.33b

Siddique Islam | 2022-01-06 00:00:00

Swelling import expenses, coupled with routine payment to the Asian Clearing Union (ACU), have put the country's foreign-exchange (forex) reserves under pressure again, officials said.The reserve fell below US$44.50 billion on Wednesday after making a routine payment to the ACU...

Int'l trade fair's bearing on economy

Ozair Islam | 2022-01-06 00:00:00

Recently, Prime Minister Sheikh Hasina inaugurated the 26th edition of the Dhaka International Trade Fair (DITF), the largest yearly commercial and trade event of Bangladesh, which is going to be held at the mega Chinese-build new venue Bangladesh-China Friendship Exhibition...

4IR technologies and Bangladesh's preparedness

Md. Kamrul Bari and Enamul Hafiz Latifee | 2022-01-06 00:00:00

The 4th Industrial Revolution is evolving fast and reshaping economies, businesses, industries, and the global manufacturing landscape of the world. Countries like the USA, China, Japan, South Korea, and other developed ones are employing AI, robotics, and other advanced technologies...

Digital dodging dupes tech-shy taxmen

DOULOT AKTER MALA | 2022-01-05 12:00:00

Bangladesh is losing potential corporate tax from the digital economy as the existing taxation system -- mostly analogue -- is ill-equipped to track all types of technology-enabled transactions.Despite having potential for revenue augmentation, economists say, the country has one of...

Monetary policy stance and Covid-19 pandemic: global perspective

Md Salim Al Mamun, Md Ezazul Islam and Md Al-Amin Parvez | 2022-01-05 12:00:00

The global economy has started to recover propelled by strong fiscal and extraordinary accommodative monetary policy and rapid inoculation against Covid-19. The policies so far taken globally have impacts on growth, employment and inflation. Bangladesh is not an exception and...

‘No scope’ for refund to customers

REZAUL KARIM | 2022-01-05 00:00:00

The law ministry sees no option for payback of defrauded e-commerce customers’ money stuck up after the online businesses concerned went bust. As a result, insiders say, a cloud of uncertainty looms large over settlement of the prevailing stalemate over...

Nonstarter startups, delinquent cos create corporate tax gaps

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

A perpetual gap between the number of registered companies and corporate taxpayers is now bridged, but through an unsparing measure that some experts worry would raise the cost of doing business. Sources say there had been inherent inconsistencies between the...

Removal of non-tariff barriers to top agenda

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

Commerce secretaries of Bangladesh and India will sit together in mid-February to discuss some pending bilateral trade issues where Dhaka will give special focus on removal of non-tariff barriers, officials said.The non-tariff barriers (NTBs) are considered as main reasons behind...

BRT project lies like lame duck

Munima Sultana | 2022-01-04 00:00:00

Hope for rapid bus ride on Dhaka city's bumpy north corridor soon looks dashed with the priority project now turning a 'lame duck' allegedly for planning mismatch and faltering execution. Sources say a ray of hope sparked about getting an...

Tax receipts from DSE jump 65pc in July-Dec

BABUL BARMAN | 2022-01-04 00:00:00

The government revenue earnings from the Dhaka bourse surged by 65 per cent in July-December 2021 compared to the same period a year earlier backed by rising trading volume.Market analysts said backed by rising turnover and bullish capital market, the...

World without moral compass

Syed Fattahul Alim | 2022-01-04 00:00:00

Said to be South Africa's national conscience, Archbishop Desmond Tutu has been laid to rest at the St. Georges Cathedral in Cape Town. Of the many losses that humanity suffered in 2021, a notable one was the demise of Nobel...

Journey towards inclusive growth: challenges and policy imperatives for Bangladesh at 50 and beyond

M Abu Eusuf and Rabiul Islam Rabi | 2022-01-04 00:00:00

Fifty years ago, inheriting a fragile and war-devastated economy, Bangladesh faced a herculean task of moving forward dealing with poverty, deprivation, natural disasters, and political instability. Fast forward five decades, Bangladesh is now often cited as a development success story...

July-Nov trade gap doubles to $12.53b

SIDDIQUE ISLAM | 2022-01-03 00:00:00

Bangladesh saw its trade deficit more than double in the first five months of the current fiscal year as higher import-payment pressure on the economy causes account imbalance, officials say.The deficit in trade with the rest of the world widened...

Most corporate tax returns may need amnesty

DOULOT AKTER MALA | 2022-01-03 00:00:00

Some two-thirds of the corporate-tax returns may need general amnesty or get penalized by taxmen as their current tax year's pre-verified financial statements are unlikely to match with previous ones.From the current tax year, all of the corporate taxpayers have...

Muscle flexing and might is right

Neil Ray | 2022-01-03 00:00:00

Usually incidents of gross injustice taking place in rural settings do not make screaming headlines unless there is a twist of sensationalism. What happened the other day to examinees appearing from Jajira College at the fourth year degree honours examination...