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What Pandora Papers say

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

Another set of leaks is now in hand and it is quite massive. Dubbed Pandora Papers, some 11.90 million documents on financial transactions and taxes, it has exposed how the wealthy and the powerful in different countries use the global...

GPH exports billet worth $71m to China

Nazimuddin Shyamol | 2021-10-09 12:00:00

CHATTOGRAM, Oct 08: GPH Ispat Limited has exported a total of 120,000 MT billet to China and earned a total of 71 million US dollar so far. The GPH exported the billets by five shipments since November last year till...

LoC-funded projects still in slow lane

MUNIMA SULTANA | 2021-10-09 00:00:00

The Indian line of credit (LoC)-funded projects in the road-transport sector are still slow in progress, excepting those taken to procure goods.Eight projects are under implementation under three LoCs at an estimated cost of $947.61 million to upgrade infrastructure facilities...

State agencies owe CAAB Tk 3.72b

REZAUL KARIM | 2021-10-09 00:00:00

Different state agencies show reluctance to pay over Tk 3.72 billion they owe the Civil Aviation Authority of Bangladesh (CAAB), officials said.State-run Biman Bangladesh Airlines (BBA) tops the list of defaulters, they added.It owed the CAAB over Tk 3.28 billion...

Insurers benefiting from reforms

ISMAIL HOSSAIN | 2021-10-09 00:00:00

The country's insurance sector had gone through intensive reforms during the last half a decade and the efforts paid off remarkably, said Sena Kalyan Insurance Chief Executive Officer (CEO) Brig Gen (Retd) Shafique Shamim. The trust deficit and malpractices in...

Understanding the CPC and its policy

Abul Quasem Haider | 2021-10-09 00:00:00

Chinese President Xi Jinping calling on the world's political parties said everyone must work together to build a one-size-fits-all economic globalisation that is more open, inclusive, and participatory and win-win. He was speaking at the Great Hall of the People...

Banking on successful agriculture for progress

Mohammad Jahangir Alam and Lin Crase | 2021-10-09 00:00:00

Regardless of the remarkable progress of some industries across South Asia, agriculture remains the primary source of employment and income for a large portion of the population. In Bangladesh, for instance, 38 per cent of the working population was employed...

A thief with an amazing skill

Nilratan Halder | 2021-10-09 00:00:00

It was an essay on the biography of a thief many veteran of today in their school days have read. The thief narrates how once he was caught red-handed and being meted out merciless physical punishment by the assembled crowd....

Core index adds 115 points in three weeks

BABUL BARMAN | 2021-10-09 00:00:00

Stocks posted a modest rise in the outgoing week, extending the gaining streak for the third straight week, riding on selective large-cap issues.Week-on-week, DSEX, the key index of the Dhaka Stock Exchange (DSE), went up 13.93 points or 0.13 per...

A game of cat and mouse

Syed Fattahul Alim | 2021-10-09 00:00:00

In 2013 the International Consortium of Investigative Journalists (ICIJ), a global collaborative platform of media organisations and journalists, obtained 260 gigabytes of leaked offshore data contained in 2.5 million documents from Portucullis offshore group in Cook Islands. In 2016, the...

Inflation scares in an uncharted recovery

Francesca Caselli and Prachi Mishra | 2021-10-09 00:00:00

The economic recovery has fuelled a rapid acceleration in inflation this year for advanced and emerging market economies, driven by firming demand, supply shortages, and rapidly rising commodity prices.We forecast in our (International Monetary Fund or IMF) latest World Economic...

Tax receipts from DSE jumps 85pc in Jul-Sept

BABUL BARMAN | 2021-10-08 00:00:00

The government's revenue earnings from Dhaka Stock Exchange (DSE) marked a whopping 85 per cent rise in the first quarter (Q1) of the current fiscal year, compared to the same period of the previous fiscal.With the rising trading volume, government's...

Karnaphuli Tunnel's trial opening today

NAZIMUDDIN SHYAMOL | 2021-10-08 00:00:00

CHATTOGRAM, Oct 07: All is set for opening on trial basis the multilane Bangabandhu Tunnel under the River Karnaphuli in the port city Friday.Planning Minister MA Manan has said that the 9.092 kilometres (km) long four-lane tunnel under the river,...

Adding more value to exports

Shamsul Huq Zahid | 2021-10-08 00:00:00

If everything goes as planned, Bangladesh is set to gain the developing country status by 2026. The United Nations reportedly has again recommended the graduation. But the country has to deal with a few challenges during the five years it...

Where teachers are introduced to corruption

Nilratan Halder | 2021-10-08 00:00:00

A study titled "Secondary education programme: Governance challenges and way out" unveiled by the Transparency International, Bangladesh finds massive irregularities, particularly exchange of bribe money for teachers' appointment, transfer and approval of monthly pay order (MPO). The TIB based its...

Inside the Pandora Papers

Chuck Collins | 2021-10-08 00:00:00

The Pandora Papers, a massive expose about the secret shell games and tax avoidance schemes of the world's ultra-wealthy, has hit headlines around the globe. This colossal undertaking involved 600 journalists from 117 countries and was coordinated by the International...

Digital equity for all ages

Armida Salsiah Alisjahbana | 2021-10-08 00:00:00

The growing number and share of older persons in Asia and the Pacific represent success stories of declining fertility and increasing longevity; the result of advances in social and economic development. This demographic transition is taking place against the backdrop...

Fear of general knowledge in entrace exam

Sirajum Munira Tuli | 2021-10-07 00:00:00

Year 2019. Maliha Rahman (pseudonym) always wanted to prepare for 'D' Unit exam in admission test with the dream of studying at Dhaka University. Her father, however, told her either to be a doctor or an engineer. "You don't even...

‘D’ Unit admission test in DU: Some tips

Tofael Mahmud | 2021-10-07 00:00:00

The university admission battle has started once again. These exams often focus on testing the aspirants on their group subjects. However, falling short here doesn't mean the end of the world. There is always a plan B for smart ones....

Focusing on agriculture, youth in post-pandemic recovery

Tchuda Na Blaga | 2021-10-07 00:00:00

The Covid-19 (coronavirus) pandemic has clearly affected all areas of social and economic activity, and both governments and nongovernmental organizations around the world are mobilising to find ways of arresting its harmful impact. However, in order to respond and build...

Asia-Pacific backs multilateral trade system

Yann Duval, Witada Anukoonwattaka, and Mia Mikic | 2021-10-07 00:00:00

The world's topmost decision-making body on trade will meet in Geneva on 30 November, having only four days at the World Trade Organization (WTO) 12th Ministerial Conference (MC12) to deliver a package of declarations and decisions to convince the world...

Onion gets pricier in port city

NAZIMUDDIN SHYAMOL | 2021-10-06 12:00:00

CHATTOGRAM, Oct 05: Onion prices continue to be on the uptrend in the port city even as the local market saw an apparent a stable supply in the last one week.At the retail level, onion was selling at Tk 60-62...

Improving teaching of legal practice skills

Mohammad Towhidul Islam | 2021-10-06 00:00:00

Law is one of the most sought-after subjects in universities. By studying law, one can become a lawyer, law-trained and above all a good citizen rich in legal knowledge. In addition to many other things that can be done by...

Momentum & base effect of CPI inflation in Bangladesh

Nasrin Akther Lubna, Md. Salim Al Mamun, Md Yousuf and Md Ezazul Islam | 2021-10-06 00:00:00

Inflation measurement has two key dimensions which include economic and statistical factors. Economic factors arising from price movement of different commodities of CPI basket can be ascribed as momentum. On the other hand, the statistical factors are stemmed from the...

Tax revenue up as economy rebounds

DOULOT AKTER MALA | 2021-10-05 12:00:00

Tax-revenue collection in Bangladesh marks an upturn amid economic rebound, both globally and locally, following reopening from corona lockdowns.Transitional period in economy after the anti-Covid lockdowns has helped the tax authority hammer in a 14.55-per cent growth in the first...

Truck service saves BRTC millions

MUNIMA SULTANA | 2021-10-05 00:00:00

The loss-incurring Bangladesh Road Transport Corporation (BRTC) is turning profit-making with its new truck service, saving nearly Tk 157-million in surplus earnings in the first eight months of this year.The BRTC imported 500 trucks from India for cross-country goods transportation...

Can the new law curb bad loans?

M M Khalekuzzaman | 2021-10-05 00:00:00

All the hard earned progress is now at risk due to loan management failure. Improper lending, dismal foreclosure law to recover the bad loans can increase nonperforming loans. Coherent strategies backed by legal instruments offer a way forward for economic...

Silencing Rohingya voice?

Syed Fattahul Alim | 2021-10-05 00:00:00

Rohingya leader Mohib Ullah's killing in the evening of September 29 by unidentified assailants has drawn international condemnations. In fact, except the Rohingyas living in different camps in Ukhia and Teknaf in Cox's Bazar, few in Bangladesh was aware of...

Low investment, skill gap cost BD’s entry in big way

SYFUL ISLAM | 2021-10-04 00:00:00

Bangladesh's apparel industry could not grab its share up to the potential in a multibillion-dollar global technical textiles trade for a lack of awareness of market requirements and adequate technical expertise.A German agency in a study revealed such missed opportunity...

Weather (04-10-2021)

Rain likely today | 2021-10-04 00:00:00

Light to moderate rain/thunder showers accompanied by temporary gusty wind are likely to occur at many places over Rangpur, Rajshahi, Mymensingh and Sylhet divisions until 6:00 pm today (Monday), according to Met office.Day and night temperature may fall slightly over...