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COP26 & WTO Ministerial: Tough questions for emerging economies

Ariel Cohen | 2021-11-03 00:00:00

Ministers from twenty-four developing nations - including China, India, Vietnam, and Pakistan -released a statement ahead of the United Nations Climate Change summit (COP26) denouncing new net-zero standards as discriminatory. The plan asks for all countries to reach net-zero carbon...

Online platform ready for most taxpayers

DOULOT AKTER MALA | 2021-11-02 00:00:00

Most of the individual taxpayers, who submit income tax returns physically every year, will be able to avail the convenience of online platform to file their returns this year.However, the ones who have paid tax at source and need to...

Faulty design costs BR addl Tk 2.54b

MUNIMA SULTANA | 2021-11-02 00:00:00

The Bangladesh Railway (BR) is going to bear an extra cost of Tk 2.54 billion and take an additional three-year time to complete the Dhaka-Narayanganj dual-gauge project due to faulty design and feasibility study.The state owned rail developer has already...

Climate action -- time to act, now

Syed Fattahul Alim | 2021-11-02 00:00:00

The supreme body of the United Nations Framework Convention on Climate Change (UNFCCC), the Conference of Parties (COP), is in a meeting for the 26th time in Glasgow, Scotland. Also called Climate Summit, the global event's main thrust will be...

Food system transformation and policy implications for Bangladesh

Md. Tanjil Hossain and Suresh Chandra Babu | 2021-11-02 00:00:00

According to the recently concluded United Nations Food System Summit 21 (UNFSS21), realignment of food system is needed to achieve the Sustainable Development Goals related to eliminating hunger and malnutrition in all forms, poverty reduction and sustainable management of natural...

Leading NBFIs log higher EPS in January-September

BABUL BARMAN | 2021-11-01 00:00:00

The country's leading listed non-banking financial institutions (NBFIs) have reported higher profit in the nine months for January-September 2021 compared to the same period of last year.Market insiders said earnings per share (EPS) of most of the NBFIs increased thanks...

Why do varsity students take their own lives?

Neil Ray | 2021-11-01 00:00:00

Quite a few students of different universities have allegedly committed suicides in recent times. The last one to have done so is a student of civil engineering (3rd year) of Dhaka University of Engineering and Technology (DUET), Gazipur. Four students...

No room for complacency

Shamsul Huq Zahid | 2021-11-01 00:00:00

Life has gone back almost to the normal pace, with the infection rate coming below 2.0 per cent and the fatality to single-digit per day. Some health experts say if the infection rate remains below 5.0 per cent for some...

NBR launches EU-backed hotline for taxpayers

Doulot Akter Mala | 2021-10-31 00:00:00

The National Board of Revenue (NBR) has launched an instant service to assist income taxpayers file online returns and clarify their income tax-related confusions.Tax officials are responding through a hotline number for the first time to meet taxpayers' queries, officials...

US firm takes controlling stake in local tower company

ISMAIL HOSSAIN | 2021-10-31 00:00:00

American Tower Corporation (ATC), one of the top wireless tower operators in the world, has acquired 51 per cent stake of a Bangladeshi company. ATC had recently obtained the majority stake of Kirtonkhola Tower Bangladesh Ltd (KTBL). KTBL is a...

Metro ready to run at 100 kph

MUNIMA SULTANA | 2021-10-31 00:00:00

Dhaka city's maiden metro rail will take the highest 100-kilometre per hour speed on its track from Uttara to Mirpur-10 in a day or two part of its test run.Sources said the trial run of the first set train began...

Developing countries should have zero-emission target, too

Maswood Alam Khan | 2021-10-31 00:00:00

Almost eight billion people living on this planet will face an existential crisis in a matter of decades if the global economy continues to be powered by coal, oil, and natural gas. Fossil-fuel-powered development would not only stall, but it...

Enhancing national statistical capacity

Asjadul Kibria | 2021-10-31 00:00:00

It was around nine years ago when a book, written by Morten Jerven, then an assistant professor at the school for international studies at Simon Fraser University in Vancouver, stirred a debate on data accuracy of Africa's economy and development....

Taking survival lesson from a dinosaur

Nilratan Halder | 2021-10-30 12:00:00

So the stark choice today is between survival of the species and giving up the array of irrelevant elements pretentiously presented as life's essentialsAs part of its "Don't Choose Extinction" campaign, the United Nations (UN) has circulated a video on...

TCB soybean set to be costlier

REZAUL KARIM | 2021-10-30 00:00:00

After a fresh hike in edible oil prices by refiners, the state-run TCB seeks to increase the rate by Tk 10 per litre under its open-market sale (OMS) programme, sources said.The Trading Corporation of Bangladesh (TCB) also seeks to enhance...

TCB bid to break refiners' reign falters

SYFUL ISLAM | 2021-10-30 00:00:00

A trader who broke long dominance of an apparent oligopoly of refiners in supplying commodities to the Trading Corporation of Bangladesh (TCB) by beating them in bids is finally failing to deliver the goods despite repeated time extension.The company, after...

Ring Road to ease port city traffic snarls

Nazimuddin Shyamol | 2021-10-30 00:00:00

CHATTOGRAM, Oct 29: After completion of the construction work of the much-awaited Coastal Road, popularly known as Ring Road, traffic congestion will ease remarkably in the port city as the communication system here will be updated for the infrastructure, experts...

Stocks extend losses as sell-offs weigh on mkt

BABUL BARMAN | 2021-10-30 00:00:00

Stocks extended losses for the third consecutive week, as investors went on a selling spree heavily, particularly in the first two days of this week.Although the market ended higher in the last three trading days, it failed to offset the...

Keeping tab on new pandemic strains

Syed Fattahul Alim | 2021-10-30 00:00:00

During the last one month, the Covid situation has shown marked improvement with infection rate falling by 72 per cent and death by 70 per cent. The infection rate with attendant deaths were the highest in July and it has...

Agricultural robots may herald a new era to the vision of Digital Bangladesh

A. K. M. Abdullah Al-Amin and James Lowenberg-DeBoer | 2021-10-30 00:00:00

In the last five decades, the thriving economy of Bangladesh from "Basket Case" to "Rising Economic Star" is a role model throughout the world. Bangladesh is the 41st largest and fastest growing economy having great booming potentiality. The long-run visionary...

Questionable Facebook contents under scrutiny

Nilratan Halder | 2021-10-29 12:00:00

Imagine a world without Facebook. The idea looks outlandish, but what if it really happens. A 17 years old company worth $1.0 trillion with 2.8 billion users comprising 60 per cent of the world's internet-connected people suddenly ceases to exist!...

Dhaka awaits major facelift to mass transport

MUNIMA SULTANA | 2021-10-29 00:00:00

Dhaka's maiden metro-rail service, which is expected to roll late next year or a little later, would bring about a massive change in the city's age-old mass- transportation systems.Those wishing to take a train travel on the Mass Rapid Transit...

Private oil importers struggle to unload oil at Ctg jetties

NAZIMUDDIN SHYAMOL | 2021-10-29 00:00:00

CHATTOGRAM, Oct 28: Private importers of edible oil are struggling to unload their imported oil at the dolphin jetties of Chittagong port these days. Following an accident on September 30 that left the Dolphin Jetty-5 inoperative, the private importers are...

Jan-Sept EPS of banks up

BABUL BARMAN | 2021-10-29 00:00:00

Most of the listed banks posted higher earnings year-on-year in nine months for January-September 2021 due to suspension of loan classification and bullish capital market.Of the 32 banks listed on the Dhaka Stock Exchange (DSE), 23 have disclosed their un-audited...

What is the safe limit for investment?

Shamsul Huq Zahid | 2021-10-29 00:00:00

Finance Minister AFM Mustafa Kamal on Wednesday last reminded people investing in the stock market of a normal factor---risk. The finance minister was responding when newsmen asked a question about the continuous erosion in stock prices for the past few...

Are we losing expertise of experienced senior people?

Md Shamsul Arefin | 2021-10-29 00:00:00

Senior citizens are becoming an ever-greater proportion of the total population everywhere in the world including Bangladesh because average life expectancy has been increasing over the time which has now become 73 years in Bangladesh. At the same time, those...

A global approach to data in the digital age

Vikram Haksar, Yan Carrière-Swallow, Kathleen Kao, and Gabriel Quirós-Romero | 2021-10-29 00:00:00

Companies around the world are engaged in a digital data gold rush, panning the digital economy for our personal data, sifting flecks of it in online pools and streams of our preferences, choices, and locations. Data is the ultimate portable...

New income tax law in the offing

DOULOT AKTER MALA | 2021-10-28 00:00:00

The National Board of Revenue (NBR) on Wednesday unveiled a draft of new income tax law - 2022 with updated provisions for global business practices.The draft has proposed a changed structure of the existing Income Tax Ordinance -1984 to make...

BD won't directly co-sponsor India’s WTO proposal

SYFUL ISLAM | 2021-10-27 00:00:00

Bangladesh won't directly co-sponsor an Indian proposal at the World Trade Organisation (WTO) for subsidy cut in production of agricultural items in the developed world, officials said, as it involves twin bets on export and import.The stand is taken as...

BTRC proposes rules for network-locked handsets

ISMAIL HOSSAIN | 2021-10-27 00:00:00

The telecoms regulator made a move regarding the sale of mobile network operators' (MNOs) network-locked handsets to increase 4G penetration in the industry, according to insiders.In its 255th commission meeting, the BTRC set some conditions for marketing carrier- or network-locked...