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Bettering business climate in BD

Md Mazadul Hoque | 2021-08-07 00:00:00

A couple of months back, the government unveiled the Perspective Plan 2021-2041. The plan has been formulated aiming to achieve 9.0 per cent gross domestic product (GDP) growth by 2031 and 9.90 per cent by 2041. The key objective of...

Ctg awaits a sea of change

Abul Quasem Haider | 2021-08-07 00:00:00

The present government is working for development of the country by implementing many mega projects. The Padma Bridge construction is nearing its end with funding from the state coffer and China. China is our best friend in economic development. The...

Brave new world: Islamic finance in BD

Md. Touhidul Alam Khan | 2021-08-07 00:00:00

International IFN Roadshow Bangladesh-2021 was held recently organised by REDMoney Group. The IFN Roadshow-2021 series opens with Bangladesh, a country that has a promising future in Islamic finance, especially as it launched its first corporate Sukuk in 2020. Bangladesh is...

The Buriganga recovers health but for how long?

Nilratan Halder | 2021-08-07 00:00:00

With the monsoon, the Buriganga gets back some of its health. Even the naked eye can see that the water is no longer jet black like tar and does not emit foul smell now. This has been confirmed lately by...

Local heroes to fight climate change

Syed Fattahul Alim | 2021-08-07 00:00:00

Extreme weather causing damage to life and property on a large scale is no more happening in some faraway places in the southern hemisphere. Such natural calamities are now commonplace in parts of the world that are advanced in science...

How to escape the perils of fragility

Olusegun Akanbi, Kenji Moriyama, and Keyra Primus | 2021-08-07 00:00:00

Already facing huge development needs, the Covid-19 pandemic is exacerbating the challenges facing fragile and conflict states-a group of currently about 40 countries trapped in cycles of low administrative capacity, political instability, conflict, and weak economic performance. Our new IMF...

ACC proceeds against five of 132 companies

DOULOT AKTER MALA | 2021-08-06 00:00:00

Some 132 companies came under scanner of the anti-graft watchdog over allegations of customs-duty evasion and the siphoning of money worth Tk 4.16 billion, officials said.The Anti-Corruption Commission (ACC) took up five of the firms in the first go for...

BB to mop up idle money

Siddique Islam | 2021-08-06 00:00:00

The central bank moves to mop up excess liquidity from the market as private credit squeeze for investment stagnation as against increased money supply bloated banking system. Economists also apprehend that cheap funds from government stimulus for corona crunch relief...

Frozen food exporters seek permission to export Hilsa

REZAUL KARIM | 2021-08-06 00:00:00

Country's apex frozen food exporters association has sought permission to export the national fish Hilsa, considering its potential to bring home more export earnings. Bangladesh Frozen Foods Exporters Association (BFFEA) on Wednesday requested the commerce ministry to provide the facility...

Cheap loans trigger worries

Shamsul Huq Zahid | 2021-08-06 00:00:00

It is nothing unusual that the central bank has launched a probe into the alleged misuse of stimulus packages that the banks disbursed to large, medium, small and micro-enterprises to help the latter tide over the troubles created by the...

Bangladesh and Pakistan: A world apart now

Nilratan Halder | 2021-08-06 00:00:00

That Bangladesh has long been performing better than Pakistan is acknowledged by reputed think tanks, economic analysts and different other organisations the world over. The latest such appreciation for the former comes from the Toronto-based International Forum for Rights and...

No headway in more than 4 yrs

MUNIMA SULTANA | 2021-08-05 00:00:00

Bangladesh Railway (BR) is yet to make any headway in implementing three out of four projects with the Chinese fund, though four and a half years have passed. Regarding the Chinese government's support in implementing the four projects, Bangladesh and...

Leading NBFIs see higher EPS in H1

BABUL BARMAN | 2021-08-05 00:00:00

The country's leading listed non-banking financial institutions (NBFIs) bagged higher profits in the first half (H1) of 2021 thanks to lower cost of funds, suspension of loan classification and capital gains through investment in share market.The earnings per share (EPS)...

Virtual summit to develop youth leadership

Upashana Salam | 2021-08-05 00:00:00

Bangladesh Youth Leadership Center (BYLC) is hosting a four-day-long Youth Leadership Summit from August 04 to 07, 2021. The virtual summit, supported by Manusher Jonno Foundation (MJF) and the Foreign, Commonwealth and Development Office (FCDO) of the UK Government, is...

Money view on the Asian financial crisis

Timothy Chan Ying Jie and Lim Jia En | 2021-08-05 00:00:00

The Asian Financial Crisis (AFC) represents a turning point for the East Asian economies that have enjoyed the booming decades of the 1980s and 1990s. A combination of economic events, policies and business cycles created conditions ripe for a financial...

Four-day workweek gaining support

Helal Uddin Ahmed | 2021-08-05 00:00:00

Workers used to attend offices and factories six or seven days a week even during the 19th century. However, a large majority of Western countries had at least the Sundays off by the end of that century. The present-day concept...

Opportunities and challenges of digital platforms in Bangladesh

Fahmida Khatun, Syed Yusuf Saadat and Md Jahurul Islam | 2021-08-05 00:00:00

Within digital platforms, there is a triangular connection between three parties: platform, seller and buyer. Therefore, digital platforms connect individuals who have demand with Facebook-centric entrepreneurs (Deloitte, 2018). Most consumers perceive benefits relating to improved convenience, more choice and increased...

Sounds of August . . . in Bangabandhu's life

Syed Badrul Ahsan | 2021-08-05 00:00:00

August is always a reminder of the biggest tragedy which befell the Bengali nation in 1975. In less than a fortnight, the people of Bangladesh will be paying homage to the Father of the Nation, Bangabandhu Sheikh Mujibur Rahman, and...

Trade deficit snowballing as imports far outstrip exports

SIDDIQUE ISLAM | 2021-08-04 00:00:00

Trade deficit of Bangladesh widened by nearly 28 per cent in the just-concluded fiscal year for higher import-payment pressure on the economy amid lower receipts from external trade, officials said.The trade deficit with the rest of the world crossed US$22.50-billion...

Time-cost overruns in cargo release under probe

DOULOT AKTER MALA | 2021-08-04 00:00:00

Apparel exporters' allegation of time and cost overruns in cargo release at off-docks around Chattogram seaport comes under probe by government's revenue authority. Officials say the National Board of Revenue (NBR) has launched investigation into the allegations of the apparel...

Most banks see H1 EPS grow

MOHAMMAD MUFAZZAL | 2021-08-04 00:00:00

Most of the listed banks registered hefty growth in EPS for January-June, 2021 compared to same period of the previous year mainly because of suspension of loan classification.Experts and the officials of the central bank have said the EPS (Earnings...

New study proposes raising project cost

MUNIMA SULTANA | 2021-08-04 00:00:00

The much-talked-about Kalurghat Railway Bridge will now be constructed on the outskirts of Chattogram city with laying of dual gauge single line track as per a fresh study.The fresh feasibility study has, however, proposed increasing the project cost of the...

China's economic development continued to improve in H1

Liu Zhenhua | 2021-08-04 00:00:00

In the first half of 2021, facing the complicated and changeable environment at home and abroad, China continued to consolidate Covid-19 pandemic prevention and control, and accurately implemented the macro policy. China's economy steadily recovered, and production demand continued to...

Digital platform economy and Bangladesh

Fahmida Khatun, Syed Yusuf Saadat and Md Jahurul Islam | 2021-08-04 00:00:00

Digital platforms have become a quintessential part of the modern economy. They have revolutionised many sectors, including housing, retail and transportation. New types of transactions, such as ride-sharing and home-sharing, as well as new modes of working, such as freelancing,...

BB launches probe into stimulus loans

SIDDIQUE ISLAM | 2021-08-03 00:00:00

A probe gets underway to ascertain whether the Covid stimulus lending follows proper manner and the use of the money from the packages is done for the right purposes, as some faults were already found. Officials said the central bank...

Curbing Covid's infection rate

Syed Fattahul Alim | 2021-08-03 00:00:00

The Delta variant of the SARS-Cov-2 (the Covid-19 virus) has been acknowledged by virologists and epidemiologists as the globally most dominant and transmissible one. Technically known as the B.1.617.2, the Delta variant was first detected in India in December last...

Cumbersome procedure impeding export, import

DOULOT AKTER MALA | 2021-08-02 00:00:00

Apparel exporters alleged that complex procedures to avail VAT exemption on services, offered by off-docks and ports, are hindering smooth export-import activities.Export-oriented sectors are exempted from payment of VAT, but they need to obtain certification from VAT offices as evidence...

BD trade deficit may exceed $26b

SIDDIQUE ISLAM | 2021-08-02 00:00:00

Bangladesh's overall trade deficit may cross US$26 billion by this fiscal yearend as trading sector faces unprecedented headwind while a healthy balance-of-payments position continues for lesser import spending.A latest central-bank projection portrays such a macroeconomic scenario, saying that the country's...

Some 85pc listed banks see profit surge in H1

BABUL BARMAN | 2021-08-02 00:00:00

Most of the listed banks logged higher profits year-on-year in the first half (H1) for January-June, 2021 due to higher operating income, lower provisioning and bullish capital market.Of the 31 banks listed on the Dhaka Stock Exchange (DSE), 27 have...

Bridges to be demolished and reconstructed

Neil Ray | 2021-08-02 00:00:00

As many as 805 bridges all across the country will have to be demolished and reconstructed because those were constructed at a lower height than the standard. A number of these bridges were built recently and construction of a few...