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Pandemic & inflation in Bangladesh

Md Maidul Islam Chowdhury, Alok Roy, Nazmun Nahar Mily and Sayera Younus | 2021-09-21 00:00:00

Covid-19 pandemic is an unprecedented crisis for the modern world. Integration among countries across the globe through globalisation has made the crisis unique in its kind. Bangladesh also could not avoid the impact of the pandemic. Bangladesh economy is facing...

Bank commissions cut to squeeze savings certificate sales growth

DOULOT AKTER MALA | 2021-09-20 00:00:00

The government presses the brake on sales of national savings certificates (NSC) by way of slashing receivable commissions of commercial banks against transactions in these borrowing tools.The banks will receive commissions at a rate of 0.05 per cent from now...

Islamic banks see liquidity glut

Siddique Islam | 2021-09-20 00:00:00

A glut of idle money and a concurrent investment holdup amid the pandemic hangover leave Bangladesh's Islamic banking sector in a quandary with excess liquidity in the vault, sources say. They say the excess liquidity with the Shariah-based banks is...

Integrated farming can meet food demand in Kurigram

SM Najmus Sakib back from Ulipur, Kurigram | 2021-09-20 00:00:00

Integrated and diversified farming is necessary for meeting the food demand in Kurigram, a food-deficit district in the country's northern region where many people still suffer from poverty and hunger.The people of the district, especially in Ulipur upazila, remain at...

To safeguard global financial stability, boost the resilience of investment funds

Tobias Adrian, Antonio Garcia Pascual, Ranjit Singh, and Jay Surti | 2021-09-20 00:00:00

Our brush last year with one of the biggest economic shocks of our lifetimes revealed some fundamental vulnerabilities that could affect global financial stability. Caught up in the financial market turmoil generated by risk averse investors, many investment funds were...

Busting factories of spurious cosmetics

Neil Ray | 2021-09-20 00:00:00

Those who go to salons and beauty parlours for facial, hairdo or coiffure, spa etcetera may have reasons to be highly concerned. An intelligence agency of the country has busted an unlicensed factory that has long been clandestinely producing and...

Getting Covid-time dropouts back to classes

Shamsul Huq Zahid | 2021-09-20 00:00:00

Most people feared a grim impact of the Covid-19 pandemic on school attendance. Accordingly, the situation now being witnessed following the reopening of schools across the country has turned out to be a matter of grave concern. Several newspapers have...

Between 'Wow' and 'Awesome'

Syed Badrul Ahsan | 2021-09-20 00:00:00

Pretty interesting things have been happening in the way we use language, both Bengali and English, in our quotidian affairs. No, this is not a complaint but merely an observation of objective reality. There is such a thing as dynamism...

Rise in source-tax does the trick

DOULOT AKTER MALA | 2021-09-19 00:00:00

Government's growing dependence on at-source-tax collection, including tax on service-holders' pay, is practically shifting tax burden onto common people because of absence of effective refund mechanism (ERM).Sources said despite tax squeeze for economic slowdown amid Covid-19 pandemic and corporate- tax...

Software firms take a hit from Covid

ISMAIL HOSSAIN | 2021-09-19 00:00:00

Like most of the businesses in Bangladesh, the pandemic Covid-19 has brought the software and ICT sector, especially the smaller and medium ones, to its knees.Over a third of computer software firms have suffered so severely during the pandemic that...

Inflation risk concerning

Asjadul Kibria | 2021-09-19 00:00:00

Even after passing through a series of restrictions or lockdowns to contain the infection, the inflation situation in the country had not aggravated too much in the last fiscal year (FY21). Looking at the official statistics of price inflation, one...

Govt mulls fixing lentil prices

REZAUL KARIM | 2021-09-18 00:00:00

The government is considering fixing the prices of lentil to rein in soaring prices of the key essential in the kitchen market, officials said.As part of the move, the Ministry of Commerce (MoC) has asked the Bangladesh Trade and Tariff...

RTA on backburner, road transport remains rowdy

Munima Sultana | 2021-09-18 00:00:00

A much-hyped transport law, the Road Transport Act (RTA), passed in parliament amid a massive student movement, sees today its third anniversary passing with its enforcement well put on the backburner for certain roadblocks. Sources in the sector attribute the...

Many pregnant mothers suffer from chronic malnutrition in Kurigram

SM NAJMUS SAKIB back from Ulipur, Kurigram | 2021-09-18 00:00:00

Thousands of pregnant and lactating mothers are still deprived of healthy diet in Kurigram district, causing severe health problems for them and raising the number of underweight and stunted children. Extreme poverty, unemployment, child marriage, lack of access to education...

SMP unlikely to be operational by June 30

NAZIMUDDIN SHYAMOL | 2021-09-18 00:00:00

CHATTOGRAM, Sept 17: Although 64 per cent work of Single Point Mooring (SPM) project in Maheshkhali have been completed till Friday, the mega project may not be implemented by June next year due to delays caused multiple times in the...

Going up the ladder

Md. Ziauddin Iqbal | 2021-09-18 00:00:00

Bangladesh is one of the three countries that have made the most progress from their previous position since the UN member states set the Sustainable Development Goals (SDGs) six years ago to ensure equitable and non-discriminatory development in a changing...

Treating animals well because their lives are precious too

Nilratan Halder | 2021-09-18 00:00:00

Many people are habituated to calling names. In many cases, they refer supposedly to an inferior species when doing so. Even irate teachers and parents call a student or a child failing to answer or do what is expected of...

Giving the Afghans a chance

Syed Fattahul Alim | 2021-09-18 00:00:00

After the Taliban formed what they said their caretaker government on September 07, the US and its European allies could not be happy for justifiable reasons. For the recognition of any Taliban-led government by the Western powers was made conditional...

Bangladesh's FTA with Singapore: A stepping stone towards the ASEAN market

Mohammad Masudur Rahman and Divya Murali | 2021-09-18 00:00:00

Bangladesh's prospective trade links with Singapore and the urge to locate new markets with preferential access make Singapore an ideal partner for negotiating a free trade agreement (FTA). A Bilateral FTA with Singapore will provide Bangladesh preferential access to the...

Overreaching NRB Bank gets the regulator’s stick

SIDDIQUE ISLAM | 2021-09-17 00:00:00

The central bank Thursday fined NRB Bank Limited Tk 4.95 million for allegedly overreaching ceiling of investment in an individual share.The fourth-generation private commercial bank (PCB) has been asked to pay the penalty within next three working days, officials said....

Where ignorance is not bliss

Shamsul Huq Zahid | 2021-09-17 00:00:00

A lack of coordination is one of the most discernible traits of government organisations. And the people have been suffering immensely since none has ever cared to eliminate or, at least, reduce it.The problem is noticed most while dealing with...

Curricula reform: How to implement it?

Nilratan Halder | 2021-09-17 00:00:00

In a major reform of the academic curricula for primary, secondary and higher secondary classes, education in the country looks set to be transformed beyond recognition. The outline of the curricula, as approved by the prime minister on Monday, gives...

Paradox of dealing with Taliban administration

Abdur Rahman Chowdhury from Falls Church, Virginia, USA | 2021-09-17 00:00:00

After a chaotic, bloody and pathetic withdrawal of American troops, diplomats and American nationals in August, the Biden administration is faced with a dilemma on how to deal the with the Taliban administration. Though officially declared troops withdrawal date has...

BTRC changes MNP licensing guidelines

ISMAIL HOSSAIN | 2021-09-16 00:00:00

The country's telecom regulator has changed the licensing guidelines for mobile number portability (MNP) services, reducing the provision of revenue sharing with the government from 15 per cent to 5.5 per cent. The Bangladesh Telecommunication Regulatory Commission (BTRC) recently issued...

BB tightens grip on NBFIs

SIDDIQUE ISLAM | 2021-09-16 00:00:00

The central bank now tightens noose around loose-run lending operations by non-banking financial institutions (NBFIs) limiting their loan or lease rescheduling to only thrice.Officials of the Bangladesh Bank say the brake is being pressed to ensure "credit discipline" in the...

Sukuk gets VAT waiver

DOULOT AKTER MALA | 2021-09-16 00:00:00

The National Board of Revenue (NBR) has offered tax benefit to popularise Sukuk, an Islamic financial instrument.The waiver has been offered in a bid to make the local bond market vibrant.The Value Added Tax (VAT) wing of the board has...

Electric vehicles policy yet to be finalised

Munima Sultana | 2021-09-16 00:00:00

The electric vehicles policy that was drafted almost three years ago could not be finalised even after it was tabled for a discussion on Wednesday.Bangladesh Road Transport and Authority (BRTA) formulated the draft policy in November 2018 to give guidelines...

BTS hatred and the inherent stereotypes behind

MALIAT RAHMAN | 2021-09-16 00:00:00

BTS, the name of a Korean Pop band, is an acronym for 'Bangtan Sonyeondan' which means 'Bulletproof Boy Scouts.' As much as this group of seven talented musicians has turned into one of the biggest trends not only in South...

Nine-eleven revisited

Helal Uddin Ahmed | 2021-09-16 00:00:00

The memory of 9/11 returned once again to haunt us.The deaths of thousands of innocent men and women in New York at the hands of some misguided terrorists, who wanted to achieve their heinous objectives through violence still sadden us....

How to tax in Asia's digital age

Era Dabla-Norris, Ruud De Mooij, Andrew Hodge, and Dinar Prihardini | 2021-09-16 00:00:00

Digitalisation -the technology that powers fintech, e-commerce, and online services-enables us to make mobile money transfers, purchase goods and services online, and interact with people across the globe. It has created some of the largest global businesses, such as online...