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Most listed power generation companies see EPS growth

BABUL BARMAN | 2021-11-16 00:00:00

Most listed power generation companies in the private sector posted moderate earnings growth in July-September 2021, thanks to higher income from subsidiaries and reduced corporate tax rate.Out of the 23 companies listed in the 'fuel & power' sector on the...

Delinquent transport operators

Syed Fattahul Alim | 2021-11-16 00:00:00

The body of a 10-year-old girl child was found on a spot opposite the Jamuna Future Park on Tuesday morning last week. Later, it could be learnt that the girl was run over by a bus. The victim child, who...

Government needs to introduce a sustainable policy framework

A H M Hasinul Quddus Rusho | 2021-11-16 00:00:00

A few months back, a news on social media caught my attention. I was literally poring over the news for almost an hour. I read it repetitively, although cannot distinctly remember the number of times I went through it. The...

The political economy of price rise

Hasnat Abdul Hye | 2021-11-16 00:00:00

Governments, unlike a business or industrial enterprise, are a political entity even when it is not elected or elected controversially. While a business or industrial concern can decision purely on economic considerations of profit and loss, a government of any...

Oct LC settlements fall 5.26pc to $5.27b

SIDDIQUE ISLAM | 2021-11-15 00:00:00

Bangladesh's import volume fell in October as apparel exporters had earlier made contingency stockpile of textiles in line with buyers' orders to avert global price volatility and cut down purchase.Settlement of letters of credit (LC), generally known as actual import,...

VAT-exemption process relaxed

DOULOT AKTER MALA | 2021-11-15 00:00:00

Exporters now can enjoy speedy cargo delivery from the customs ports as the time-consuming VAT-exemption process has been relaxed to give them a quick pass.The value-added tax (VAT) wing of the National Board of Revenue (NBR) deleted the mandatory provision...

Execution likely to be delayed

Munima Sultana | 2021-11-15 00:00:00

The development work of Chattogram-Cox's Bazar road corridor is likely to be delayed as the authorities concerned have changed their minds to develop the existing two-lane road into a four-lane one first.The existing road is needed to be upgraded within...

Gangs of question leak and corruption

Neil ray | 2021-11-15 00:00:00

The arrest of 10 persons, of whom four are senior officers of two state-owned commercial banks (SOCBs), in connection with leak of question papers for recruitment tests of five such banks once again highlights the deep-seated corruption in financial and...

Annoyance and usual nonchalance

Shamsul Huq Zahid | 2021-11-15 00:00:00

'Slow progress in project execution irks ADB', screamed the headline of a front-page story of last Saturday's issue of The Financial Express (FE). The Manila-based multilateral lender has reasons to be irked, for more than 40 projects out of 52...

BD needs good grounds for access

DOULOT AKTER MALA | 2021-11-14 00:00:00

Bangladesh should put forward a set of strong grounds urgently to retain its duty-free benefit for apparel exports under new GSP+ rules of the European Union (EU), suggests a study.The time for making comment on the safeguard provisions of the...

Walton Hi-Tech net profit soars 126pc

MOHAMMAD MUFAZZAL | 2021-11-14 00:00:00

Walton Hi-Tech Industries, a leading local brand in electronics and electrical sector, saw a steep growth in its turnover for the fiscal year (FY) 2020-21 which aided a significant growth in its net profit.Riding on increased turnover, the company's net...

Illusion of per capita income rise

Asjadul Kibria | 2021-11-14 00:00:00

Every year, per capita income has been increasing in Bangladesh thanks to the robust growth in the gross domestic product (GDP). Even during the pandemic, GDP registered modest growth which is also accompanied by the rise in per capita income....

Destiny tries for a comeback

REZAUL KARIM | 2021-11-13 00:00:00

Scam-tainted multi-level marketing (MLM) company Destiny 2000 Ltd has sought approval to operate its business again, aiming to protect the interests of 4.5 million families.Chief Executive Officer (CEO) of the company Dr Mohammad Shamsul Haque Bhuiyan has recently requested the...

Saudi co seeks to invest in Patenga terminal

SYFUL ISLAM | 2021-11-13 00:00:00

Saudi Arabian port developer Red Sea Gateway Terminal (RSGT) has intensified efforts to mark its footprint in Bangladesh's port sector by investing in under-construction Patenga Container Terminal (PCT) in Chattogram.A delegation, led by RSGT global investment director Gagan Seksaria, sat...

DSEX breaks 4-week losing streak as investors snap up battered stocks

BABUL BARMAN | 2021-11-13 00:00:00

Stocks bounced back in the outgoing week, snapping a four-week losing streak, as buoyant investors put fresh bets on lucrative shares amid positive expectations.Of the five trading days during the week, the first two sessions ended lower but the next...

The legend of Chinese literature

ABUL QUASEM HAIDER | 2021-11-13 00:00:00

There are myriad discussions about Chinese economy worldwide, on the other hand, scarcely we know or we are almost in the dark about Chinese literary culture. Technology has made China's progress, industry and trade an inevitable partner in the world...

Looking for a dream home in Dhaka

Nilratan Halder | 2021-11-13 00:00:00

Emon ami ghar bendhechhi ahare jar thikana nai/ swapaner siri die jekhane paunchhe ami jai (a home have I built which unfortunately has no address/ there do I reach on the staircase of my dreams). This is the beginning of...

Another weapon against pandemic

Syed Fattahul Alim | 2021-11-13 00:00:00

Bangladesh's drug control authority, the Directorate General of Drug Administration, (DGDA), has given permission to four local drug companies, the Beximco Pharmaceuticals and the Eskayef Pharmaceuticals, to manufacture and market the world's first-ever oral anti-Covid-19 drug, molnupiravir. Developed by the...

Healthcare financing in Bangladesh

Shamima Akhter, Md. Nurul Amin, Syed Abdul Hamid, Afroja Yesmin, Md Tarek Hossain, Mursaleena Islam and Nasrin Sultana | 2021-11-13 00:00:00

As the Covid-19 pandemic enters its second year, rising cases and the spread of the more infectious Delta variant have significantly worsened the situation in Bangladesh. The adverse impacts of the pandemic are felt not only through the increased pressure...

Policy for ICDs at seaports drafted

DOULOT AKTER MALA | 2021-11-12 00:00:00

Establishing off-docks would now require following a slew of guidelines under a new policy made to discipline trade cargo handling at Bangladesh seaports by private container-depot operators. Officials say under a strict guideline set forth in the policy no inland...

A market devoid of instinct

Shamsul Huq Zahid | 2021-11-12 00:00:00

The capital market is viewed as an integral part of any economy. Any major/significant development taking place in any other segment of the economy leaves an impact on the capital market and it is reflected in stock prices. In the...

Oral pill must not shift focus from vaccination

Nilratan Halder | 2021-11-12 00:00:00

Pharmaceutical companies in the country have demonstrated their amazing ability to manufacture and market the first ever Covid-19 oral pill, molnupiravir's generic version. Developed by the UK's Merck & Co Inc and Ridgeback Biotherapeutics LP, the oral pill received approval...

BDT slides amid high demand for USD

SIDDIQUE ISLAM | 2021-11-11 00:00:00

Bangladesh Taka (BDT) has depreciated by Tk 1.0 against the US dollar (USD) in nearly three months despite selling of the greenback by the central bank to the banks for keeping the market stable.The US dollar was quoted at Tk...

WTO ministerial to plan pandemic remedies

SYFUL ISLAM | 2021-11-10 00:00:00

Trade ministers in Geneva later this month will prepare a work plan on pandemic remedies like enhanced preparedness, response, and resilience to help members of the World Trade Organisations (WTO) out of the crisis by making necessary supplies available.Trade ministers...

ICDs increase container handling charges 23pc

DOULOT AKTER MALA | 2021-11-10 00:00:00

Owners of private inland container depots have raised the container-handling charges by 23 per cent following the hike in diesel price and other costs associated with managing the export-import cargoes.The owners of the 18 off-docks in Bangladesh in a meeting...

Changing rural credit market scenario in Bangladesh: Moneylenders lurking yet

Abdul Bayes | 2021-11-10 00:00:00

'When you have got a little,it is often easy to get more.The great difficulty is to get that little': Adam Smith (The Wealth of Nations) Over the last fifty years or so since Bangladesh's independence, the overall rural scenarios in...

Covid and after

Hasnat Abdul Hye | 2021-11-10 00:00:00

In the process of winding down after almost two years' of wreaking havoc all over the world, Covid-19 has been a water-shed event the like of which has been witnessed only a few times in the past like the two...

Solar panels for boosting agricultural output

Helal Uddin Ahmed | 2021-11-10 00:00:00

Bangladesh is one of the most densely populated countries in the world, as a result of which land is in short supply here for purposes other than agriculture and housing. This may have been one of the reasons why the...

How to heal Achilles' heel

Salehuddin Ahmed | 2021-11-10 00:00:00

The focus of this writeup is banks, which historically have contributed positively to our development. In recent times, several problems and challenges have appeared in the banking domain, which include, among other things, mismanagement, corruption, lack of transparency and accountability...

Tax receipts from DSE down 22pc in October

BABUL BARMAN | 2021-11-09 00:00:00

The government's revenue collection from Dhaka Stock Exchange (DSE) plunged by 22 per cent or Tk 113 million in October compared to a month earlier due to a decline in turnover on the prime bourse.The government bagged revenue worth Tk...