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BSC move to buy six box ships fails to gather steam

SYFUL ISLAM | 2023-05-20 00:00:00

A shipping corporation effort to buy six container vessels is gathering dust as the relevant government authorities are not clearing a loan proposal to fund the procurement, according to officials.To this end, the Bangladesh Shipping Corporation (BSC) signed a memorandum...

Bicycle export to Germany faces blow

REZAUL KARIM | 2023-05-20 00:00:00

Bangladeshi-made bicycle export to its largest market Germany is facing a blow following German imposition of anti-dumping duty with other tariffs suspecting its Bangladeshi origin, sources said.Presently, Bangladesh alone earns around 25 per cent of its total bicycle export volume...

Bay Terminal construction likely to begin this year

NAZIMUDDIN SHYAMOL | 2023-05-20 00:00:00

CHATTOGRAM, May 19: The construction of the Bay Terminal, a long-awaited project of the Chittagong Port Authority (CPA), is likely to begin this year. CPA Secretary Omar Faruk said, "The construction of Bay Terminal may begin around this year after...

The Peace Cafe model

Hossain Mohammed Omar Khayum and Md. Wahidul Islam | 2023-05-20 00:00:00

The relationship between peace-building and international development, even though these fields have functioned separately for years, is now quite well known. Communication plays a significant role in shaping views and building opinions on conflict, which is why it is often...

Are hilsas turning away from Bangladesh's territorial waters?

Nilratan Halder | 2023-05-20 00:00:00

Two years ago, the euphoria over plenty of hilsa catch did not at all look out of step. But last year, there was a rude shock. Apart from a handful of lucky hauls by fishermen in the country's southern waters,...

Investors happy with remedies given through digital tool to file complaints

MOHAMMAD MUFAZZAL | 2023-05-19 00:00:00

Mozammel Haque, a client of Crest Securities, did not name any nominee of his 23,000 shares of Islami Bank Bangladesh before his death last year. His successors contacted the depository authority for getting their father's holdings transferred proportionately into their...

Development not at the cost of biodiversity

Nilratan Halder | 2023-05-19 00:00:00

A survey conducted on 1,000 plant species by four senior botanists of the country to prepare a red list of flora on behalf of the International Union for Conservation of Nature (IUCN) should shed light on relations between humans and...

DMTCL set to start MRT-5 North depot development work

MUNIMA SULTANA | 2023-05-18 00:00:00

The Dhaka metro rail company is scheduled to sign a contract on land development work of MRT-5 North depot with a Japan-Bangladesh joint venture company on May 23.It would be the first contract to start construction of the Hemayetpur-Vatara metro...

NBR tasked to collect Tk 4.30 trillion

DOULOT AKTER MALA | 2023-05-18 00:00:00

An 'ambitious' revenue target set for the next budget prompts the government to estimate 36 per cent of the domestic revenues to be realized from direct taxes, hugely banking on import duties.For the upcoming financial year (FY) 2023-24, the Ministry...

6 cos under extended credit facility aimed at reenergising market

MOHAMMAD MUFAZZAL | 2023-05-18 00:00:00

Only six companies fall under the extended coverage of credit facility that has recently been revised to boost liquidity flow into stocks. The move is expected to give new momentum to the sluggish markets. The Bangladesh Securities and Exchange Commission...

An emerging destination for Bangladeshi students

IFTEKHARUL ISLAM | 2023-05-18 00:00:00

India has emerged as one of the popular destinations for international students on the lookout for top universities. Bangladeshi students are also drawn to its universities for undergraduate or higher degrees due to geographical proximity, affordable costs, and cultural affinity...

Striking down trees to beautify a city!

Syed Badrul Ahsan | 2023-05-18 00:00:00

How do you beautify a city? When a city has already lost much of its charm, much of its aesthetic appeal, do you go after what remains of that charm and strike it down and inform citizens that you are...

Sugar, oil refiners under govt scrutiny amid price volatility

REZAUL KARIM | 2023-05-17 00:00:00

Both sugar and edible oil refiners have come under government scrutiny due to recent price volatility in the local market, according to sources.In response to this issue, the Ministry of Commerce has already formed a high-powered technical committee on Tuesday....

Mobile phone manufacturing up to be taxed

DOULOT AKTER MALA | 2023-05-17 00:00:00

Domestic mobile phone-manufacturing industry is set to come under taxing as the government thinks it has developed enjoying fiscal incentives given so far.In the forthcoming budget for Fiscal Year 2023-24, tax might be revised upward on local assembling of mobile-phone...

Govt sits with stakeholders today

DOULOT AKTER MALA | 2023-05-17 00:00:00

The government is scheduled to sit with stakeholders today (Wednesday) to find reasons behind a recent hike in prices of medicines and medical equipment.Today's meeting is part of an instruction from the Prime Minister's Office (PMO).The Directorate General of Drug...

Banks divert funds to bonds to tackle income loss from lending, stocks

MOHAMMAD MUFAZZAL | 2023-05-17 00:00:00

Banks have diverted attention to risk-free treasury bonds and corporate debt securities amid the stock market volatility and liquidity crunch, which has reflected in their rising shift in income between 2021 and 2022. Take Shahjalal Islami Bank for example. It...

Gains tax on land, property being hiked

DOULOT AKTER MALA | 2023-05-16 00:00:00

Gains tax on land and property is set to be hiked as a budgetary measure to collect more taxes from well-off people, stoking fear of greater accumulation of untaxed money.The tax authority currently imposes different forms of gains tax, including...

Investing in digital sector

Syed Fattahul Alim | 2023-05-16 00:00:00

There is no gainsaying the fact that the information technology is the new driver of world economy. Computers have come a long way from being smart calculators and number crunchers. Internet, which made all human knowledge accessible to anyone at...

PM okays a set of fiscal measures

DOULOT AKTER MALA | 2023-05-15 00:00:00

A set of fiscal measures for the next budget, including upward revision of tax-free threshold for individual taxpayers by Tk 50,000, got Prime Minister (PM) Sheikh Hasina's consent on Sunday.The PM held a meeting with senior officials of the Ministry...

Stabilisation Fund plans to boost market with Tk 2.6b lifeline

MOHAMMAD MUFAZZAL | 2023-05-15 00:00:00

The Capital Market Stabilisation Fund (CMSF) is set to disburse Tk 2.6 billion in loans to market intermediaries in order to boost liquidity flow in the mostly-stagnant stock market. As a matter of caution, it will ensure a legal vetting...

SEC identifies cos that failed to pay out dividends for FY22

MOHAMMAD MUFAZZAL | 2023-05-15 00:00:00

As many as 15 companies listed on the stock exchanges have not disbursed dividends as promised for FY22. The issuers of listed securities shall pay off the dividends within 30 (thirty) days of declaration or approval, as the case may...

Many a slip between cup and lip

Neil Ray | 2023-05-15 00:00:00

In the face of opposition from traders, the Dahaka North City Corporation (DNCC)-led drive under a magistrate to seal off the dilapidated and risky kitchen market at Kawran Bazar had to be postponed on Thursday last. In order to avoid...

Cyclone Mocha: All operational activities at Ctg port suspended

Nazimuddin Shyammol | 2023-05-14 00:00:00

CHATTOGRAM, May 13: Operational activities at Chittagong port, the major seaport of the country, have been suspended since Saturday morning due to the cyclone Mocha, which is likely to make a landfall on Sunday.The Chittagong Port Authority (CPA) has been...

Tax structures and the tobacco industry: A revenue dilemma

Rezaul Hasan | 2023-05-14 00:00:00

The current global economic landscape is grappling with the fallout of the Covid-19 pandemic and the Russia-Ukraine conflict. Widespread inflation and soaring fuel and food prices are affecting people worldwide, especially low-income groups. These challenges highlight the need for effective...

FDI inflow shows positive trend

Asjadul Kibria | 2023-05-14 00:00:00

Annual inflow of foreign direct investment (FDI) into Bangladesh again crossed US$3.0-billion mark, after three years, in the last calendar year. The amount stood at $3.48 billion, recording a 20 per cent growth over 2021 when the net inflow of...

BTRC readies draft guideline for .bd and .bangla domains

ISMAIL HOSSAIN | 2023-05-13 00:00:00

The country's telecom regulator has prepared a draft guideline for administering domains .bd and .bangla (in Bangla character). The Bangladesh Telecommunication Regulatory Commission (BTRC) issued the much-needed guideline, open for stakeholders' opinions. The guideline did not make trade licence mandatory...

Export panel calls for fixing issues

REZAUL KARIM | 2023-05-13 00:00:00

The national committee on export exhorts stakeholders to address issues like introduction of export credit guarantee scheme, making the Export Development Fund realistic and providing duty-free import of raw materials to meet post-graduation challenges.It also calls for incentivising export sectors...

Rules allowing exit from locked-in TIN ready

DOULOT AKTER MALA | 2023-05-13 00:00:00

The government is set to introduce exit policy for taxpayers for the first time to rid cross-sections of people, including expatriates, locked in TIN forever once taken. The revenue authority is likely to incorporate a provision of de-registration into the...

Islamic Syndication

Md. Touhidul Alam Khan | 2023-05-13 00:00:00

Islamic syndicated finance is a type of financing where multiple financial institutions collaborate to provide funding to a borrower. Similar to conventional syndicated finance, there is a lead bank that manages the process. However, in Islamic syndicated finance, the financing...

Looking for small bliss all around

Nilratan Halder | 2023-05-13 00:00:00

Rabindranath lamented the inability to venture a couple of steps out of home and see from close quarters a dew drop on an ear of paddy. Although there is no dearth of enthusiasm in embarking on journeys across countries to...