FE Today Logo

Search results for: l


Banks, NBFIs heave a sigh of relief as lending rate cap goes

MOHAMMAD MUFAZZAL and BABUL BARMAN | 2023-06-19 00:00:00

The Monetary Policy Statement (MPS) unveiled on Sunday for the first six months of FY24 will increase the profitability of the lenders as the interest rate spread will widen following the removal of the lending rate cap.From now on, the...

When reverse migration is no good news

Neil Ray | 2023-06-19 00:00:00

That 11 people out of each 1,000 left cities and towns for villages in 2022 against only six in 2021 could be a piece of great news but for two reasons. The reverse migration was not by choice but out...

Getting electricity from garbage

Syed Fattahul Alim | 2023-06-19 00:00:00

The drive to look for an alternative source of energy to keep industrial society running was not prompted by any altruistic motive of protecting environment or arresting global warming as many would like to believe nowadays. In fact, it was...

Income Tax Bill likely to be passed today

Doulot Akter Mala | 2023-06-18 00:00:00

The Income Tax Bill-2023 is likely to be passed by Parliament today with major changes including a relief for the bank depositors having current or savings accounts.Under the law, if enacted, bank depositors having only fixed deposit above Tk 1.0...

Companies moving up floor price: How much it matters for market recovery

Mohammad Mufazzal | 2023-06-18 00:00:00

As many as 59 companies have moved above the floor price on the Dhaka Stock Exchange (DSE) since the first week of March, but their gains have hardly made any impact on the index for most of them are small-cap...

New tax law to make higher-income people innovative

Jasim Uddin Rasel | 2023-06-18 00:00:00

Individual taxpayers' tax credit calculation will change as per the proposed Income Tax Act 2023, which will also impact the benefit of the taxpayers, mainly among the higher income earners. Low and middle income earners will have no negative impact...

Train trial run likely in Sept

NAZIMUDDIN SHYAMOL | 2023-06-17 00:00:00

CHATTOGRAM, June 16: The trial run of train on Chattogram-Dohazari-Cox's Bazar-Ghumdhum (CDCG) rail line is expected to begin inSeptember this year as the construction work of the project is going on in full swing. Project Director of the CDCG train...

Spreading Love

Promila Devi Arora | 2023-06-17 00:00:00

Dr Abu Ishahaq Hossain, a bilingual writer, poet, researcher, translator, lyricist and television programme presenter of Bangladesh, has twenty five books to his credit. While reading his anthologies 'Sense Off Sense' and 'Poet Prophet Lover' one feels going through a...

From Brikkho Mela to a greener city

Nilratan Halder | 2023-06-17 00:00:00

The month-long Brikkho Mela (tree fair) got off to a promising start with arboriculture and enthusiasm for plant life --- by extension Nature --- of the urban people finding a meeting place in the capital's Agargaon. While nurseries and arboreal...

Dangerous drift into nuclear rivalry

Nilratan Halder | 2023-06-16 12:00:00

The North Atlantic Treaty Organisation (NATO) has currently been holding its biggest ever airpower showdown, dubbed "Air Defender 23" since its inception 74 years ago. Starting on June 12, the air exercise will conclude on June 23, surprisingly with Germany...

12 cattle markets in Ctg for Eid-ul-Azha

NAZIMUDDIN SHYAMOL | 2023-06-16 00:00:00

CHATTOGRAM, June 15: Chattogram District Administration has given permission to Chattogram City Corporation (CCC) for setting up nine temporary cattle markets for the upcoming Eid-Ul-Azha in Chattogram. There are three regular cattle markets in Bibirhat, Sagarika and Postarpar areas of...

Much-debated Tk 2000 min. tax being ditched finally

DOULOT AKTER MALA | 2023-06-16 00:00:00

The much-debated Tk 2000 minimum tax for all to be eligible for a raft of government services is eventually up to be ditched in final cobbling of new fiscal measures, sources said.Instead, the amount would be adjusted against tax at...

Changing global power equations

Syed Badrul Ahsan | 2023-06-15 12:00:00

Slow but perceptible change is coming over the world. Of course, nothing might yet be there to hint at a resolution of the Russia-Ukraine conflict, but there are the other places where new configurations are being shaped. In the past...

Ctg Outer Ring Road opening not before June next year

NAZIMUDDIN SHYAMOL | 2023-06-15 00:00:00

CHATTOGRAM, June 12: The project schedule of Chittagong City Outer Ring Road has been extended and its estimated cost has also been increased as the authorities concerned are constructing a junction and other extension work in the project. The project...

Power Grid to issue shares for accounting adjustment of long-held govt investment

BABUL BARMAN | 2023-06-15 00:00:00

To comply partially with a three-year-old order by the Financial Reporting Council (FRC), state-run electricity transmission and distribution service provider Power Grid Company has decided to issue shares against funds received from the government. At a meeting on Tuesday, it...

DMTCL prepares not a single financial statement in a decade

MUNIMA SULTANA | 2023-06-15 00:00:00

The Dhaka Mass Transit Company Limited (DMTCL), a state-owned company, is yet to prepare and submit any financial statement to the authorities concerned since its inception nearly a decade ago in 2013, sources said.They said the Road Transport and Highways...

Role of 'design thinking' & Lego Robotics

Thomas Van Der Wielen | 2023-06-15 00:00:00

We often teach our children to focus on their grades and reward them when they answer correctly. Unfortunately, many schools worldwide, including Bangladesh, rely heavily on textbooks and other traditional materials. Hence, the fixed curriculum has been criticised for stifling...

Social determinants of health that must not be ignored

Hasnat M Alamgir | 2023-06-15 00:00:00

A host of factors determines our health. For making health policy, and developing and delivering health programmes, it is very important to know what these determinants are, how these influence health, and then develop a useful framework to understand it....

Govt to explore more global funds to execute climate projects

SYFUL ISLAM | 2023-06-14 00:00:00

The government wants ministries and departments to explore ways to get foreign financing - instead of local funds - to implement climate change (CC)-related projects, as foreign currency reserve is under pressure and macro economy is facing stresses.The Cabinet Division...

Private PFs may come under corporate tax net from next FY

DOULOT AKTER MALA | 2023-06-13 00:00:00

The authorities would consider private provident fund (PF) as a taxable entity and impose corporate income tax on it from July 1, 2023.However, the government's provident fund would likely be exempted from the tax.The Income Tax Bill-2023 has withdrawn the...

NBR has to realise Tk 900b in June

DOULOT AKTER MALA | 2023-06-13 00:00:00

An uphill task it looks as the revenue authority has to realise nearly Tk 900 billion in revenue in June to reach the target for this fiscal year, passing through financial austerity. Its track record shows the National Board of...

Law proposes cutting tax rebate by a third for investments in securities

MOHAMMAD MUFAZZAL and BABUL BARMAN | 2023-06-13 00:00:00

The highest annual tax rebate on investments in listed securities of the capital market will be reduced by one-third, or 33 per cent, to Tk 1 million if the draft income tax act 2023 is approved by parliament. In that...

Dealing with internet overuse

Syed Fattahul Alim | 2023-06-13 00:00:00

How overuse of the internet is affecting the young generation is often the stuff of various researches and studies. The Sunday (11 June) issue of this paper on its Metro/News page published a report that deals with such a study,...

Facing climate change, El Nino

Syed Fattahul Alim | 2023-06-12 12:00:00

Are the severe dry, hot spells that this part of the world including China, Vietnam, Thailand, Bangladesh and India recently experienced the fallout from the dreaded climate change? Or was it just a sudden change in the weather pattern? Though...

RNPP authority wants govt guarantee, not insurance to cover civil damage liability

SYFUL ISLAM | 2023-06-12 00:00:00

The Rooppur Nuclear Power Plant (RNPP) authority wants to cover the civil liability for nuclear damage through furnishing a government guarantee instead of buying insurance policy until the plant begins power generation.The authority considers it necessary to cover the possible...

Is super-specialised hospital destined to be a super flop!

Neil Ray | 2023-06-12 00:00:00

Up until now the much vaunted super-specialised hospital, the first of its kind in the country, has proved to be a super flop. But it could be a different story and make a difference in the country's medical service. Belying...

Work likely to start this year as RHD awaits DPP approval

NAZIMUDDIN SHYAMOL | 2023-06-11 00:00:00

CHATTOGRAM, June 10: Construction work of the 136km-long Chattogram-Cox's Bazar Expressway is likely to begin in the current year, official sources said. The government will take decision soon regarding initiating work of the project to be implemented under Public Private...

Investment of undisclosed funds in land, real estate to be allowed sans quizzing

DOULOT AKTER MALA | 2023-06-11 00:00:00

The Income Tax Bill-2023, which was placed in the parliament on June 8, has provided for legalising undisclosed income by investing in land as well as residential and commercial building structures.The investors will have to pay taxes at specific rates...

Why market to bleed more due to floor price now than during Covid

MOHAMMAD MUFAZZAL | 2023-06-11 00:00:00

The stock market took 15 months to stride past the bar on price movement after its introduction for the first time in March 2020, benefiting from stimulus measures and idle cash with scanty investment opportunities during the pandemic. Flooded with...

Some are fired, others volunteer to retire

Nilratan Halder | 2023-06-10 12:00:00

The sudden resignation by Golam Rabbani Choton from the elevated post of head coach of the Bangladesh National Women's Football team has stirred quite a ripple in the sport arena of this country. Men's football here has long been in...