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Cuba crisis: US blockade and pandemic

Ben Blanchard and Yimou Lee | 2021-07-17 00:00:00

On Sunday (July11), the largest anti-government protests in at least 27 years broke out in Cuba. Thousands of people marched in the streets chanting slogans. Others overturned police cars or looted stores.It's far too early to make definitive pronouncements about...

Predicament of Rohingya people

Syed Fattahul Alim | 2021-07-17 00:00:00

With the anti-junta movement led by the so-called National Unity Government (NUG) in exile gaining momentum in Burma, the leadership of the NUG has been trying to reach out to the Rohingya community. Inviting the Rohingya to 'join hands' with...

Cash incentives & remittances in Bangladesh

Syed Abul Hasan | 2021-07-17 00:00:00

Bangladesh's tremendous progress on some economic fronts has been attracting global attention for a couple of years. Notably, the recent news regarding Bangladesh's agreement to swap currency with Sri Lanka of US$200 million impressed countries around the world. The deal,...

The elusion of peace in Afghanistan

Abdur Rahman Chowdhury from Falls Church, Virginia, USA | 2021-07-17 00:00:00

President Biden told a group of reporters on Thursday, July 8 that the fall of the Kabul government is not inevitable as is commonly feared and reconfirmed that "he would not send another generation of Americans to war in Afghanistan...

Govt's net bank borrowing falls

SIDDIQUE ISLAM | 2021-07-16 00:00:00

The government's net bank borrowing fell sharply in the just concluded fiscal year (FY) due to lower implementation of the annual development programme (ADP) amid the pandemic.Higher sales of national savings certificates (NSCs) have also pulled down the borrowing from...

Poverty alleviation through Microcredit

Matiur Rahman and Salim Reza reviewing the book | 2021-07-16 00:00:00

Bangladesh is the birthplace of microcredit. Different countries across the globe have adopted Bangladeshi microcredit model to alleviate poverty. A good number of studies have revealed that microcredit is a proactive tool to fight against poverty. Though the studies have...

A sorry tale of Ashrayan house recipients

Shamsul Huq Zahid | 2021-07-16 00:00:00

'Ashrayan', a unique project designed to benefit the rural poor having no shelter of their own, is close to the heart of Prime Minister Sheikh Hasina. None of his predecessors steering the statecraft has ever started a project like this....

Why reopening schools is a priority

Nilratan Halder | 2021-07-16 00:00:00

A statement made by UNICEF Executive Director Henrietta Fore and UNESCO Director-General Audrey Azoulay on July 9 last for reopening schools has come as no surprise. The heads of the two UN sister organisations working for children's rights and education...

NBR set to launch AI-based system

DOULOT AKTER MALA | 2021-07-15 00:00:00

The National Board of Revenue (NBR) is set to launch an artificial intelligence (AI)-based system to facilitate income taxpayers to file their returns online.The home-grown system is scheduled to be introduced in September for individual taxpayers.Taxpayers will be able to...

Target setting revised for 2nd phase

SIDDIQUE ISLAM | 2021-07-15 00:00:00

The stimulus package for the cottage, micro, small and medium enterprises (CMSMEs) has entered into its second phase with amending the target fixation method, officials said.Under the revised formula, the central bank has fixed the annual target for Tk 200...

Bonds aplenty, but not right ones

MOHAMMAD MUFAZZAL | 2021-07-15 00:00:00

The securities regulator and intermediaries have harped on different tunes about the market capacity of absorbing the bonds so far approved.Most of the bonds are being issued by banks to strengthen their capital base.The Bangladesh Securities and Exchange Commission (BSEC)...

Road projects suffer for stone shortage

MUNIMA SULTANA | 2021-07-15 00:00:00

Construction work of road infrastructures in the country suffers due to unavailability of stones, following closure of borders with India amid the coronavirus pandemic.Contractors of the Roads and Highways Department (RHD) have been facing an acute crisis of stone, an...

Women thrive with positive encouragement

Monowara Akhter Julee | 2021-07-15 00:00:00

Negotiation is one of the hottest topics in today's business table as salary negotiations are getting more common nowadays than ever. However, there are a lot of differences between men and women in terms of negotiations. Basically, this is one...

Making fight against Covid-19 inclusive

Armida Salsiah Alisjahbana, Kanni Wignaraja and Bambang Susantono | 2021-07-15 00:00:00

If the world wants to beat back the Covid-19 pandemic and ensure no one is left behind in the recovery, two issues thrown into sharp relief by the pandemic need attention: digitalisation and regional cooperation.Even before Covid-19, the digital revolution...

Harassment-free workplace for women

Helal Uddin Ahmed | 2021-07-15 00:00:00

Workers have been the main asset in Bangladesh's socioeconomic advancement over the years. The country had achieved the millennium development goals (MDGs-2015) and is moving fast towards attaining sustainable development goals (SDGs-2030) due to the huge contributions made by this...

Does an Arab have a future in Israel?

Sheren Falah Saab | 2021-07-15 00:00:00

The quiet revolution to exclude Arabs in Israel has succeeded in undermining their existence as equal citizens. The dismissal of the petition against the nation-state law presents us with questions about the future of the two peoples in this land,...

Billionaires in space, millions in refugee camps and poverty

Syed Badrul Ahsan | 2021-07-15 00:00:00

Richard Branson and his team have been in space and have returned hugely excited to Earth. The spacecraft carrying them went up to 88 miles above the globe, which was good enough for their travellers to view the planet in...

India wants immediate operation

SYFUL ISLAM | 2021-07-14 00:00:00

India wants early start of the customs and immigration facilities at Ramgarh land port, officials said here. Bangladesh, however, is not ready to comply with the Indian request at the moment. Officials here said New Delhi wanted Dhaka to open...

Covid-19 wrecks tourism industry

Doulot Akter Mala | 2021-07-14 00:00:00

The tourism and travel industry, one of sectors hit hard by the ongoing Covid-19 pandemic, estimates its loss at Tk 114 billion possible loss until now. Industry operators are not hopeful about starting the recovery process in 2021 either. The...

60pc of Karnaphuli capital dredging complete: Official

NAZIMUDDIN SHYAMOL | 2021-07-14 00:00:00

CHATTOGRAM, July 13: Around 60 per cent work of the Tk 2.42 billion (Tk 242 crore) Karnaphuli capital dredging project has been completed since resumption of the work in April after it remained stopped for almost a year for several...

Tk 400b stimulus enters 2nd phase

SIDDIQUE ISLAM | 2021-07-13 00:00:00

Implementation process of the second phase of the stimulus package worth Tk 400 billion for large industries and service sector business entities has started with the inclusion of foreign-owned companies operating in Bangladesh, officials said.The central bank has already sent...

Israel-Iran strife flares up on many fronts

Amos Harel | 2021-07-13 00:00:00

At the heart of the Iranian issue are the negotiations over the nuclear agreement, which were renewed when the Biden administration came to power, and have since encountered difficulties. But behind the scenes, the tension between Iran and its proxies...

Haats gone digital

Syed Fattahul Alim | 2021-07-13 00:00:00

Cattle trade in Bangladesh is a very big event especially before the Muslim community's second most important religious festival, the Eid-ul-Adha. Cattle farmers across the country raise their cattle with an eye to the Eid-ul-Adha market. Local cattle farming for...

Factory fire to keep raging ?

Hasnat M. Alamgir | 2021-07-13 00:00:00

More than 50 workers died in yet another spell of a factory fire. The details provided so far by the newspapers reveal the same old story with analogous causes and circumstances. The usual negligence -- plain and simple -- of...

May interest rate spread widens

Siddique Islam | 2021-07-12 00:00:00

The interest rate spread widened significantly in May, 2021 as the banks cut their deposit rates further while lending rates remained unchanged, bankers have said.The weighted average spread between the lending and deposit rates, offered by the scheduled banks, rose...

Food price volatility and inflation in LICs

Gene Kindberg-Hanlon | 2021-07-12 00:00:00

Rising inflation amid the post-pandemic economic recovery and climbing food prices could aggravate food insecurity in low-income countries (LICs), which has already been driven higher by conflict, adverse weather, and pandemic-related disruption. However, to mitigate the impact on vulnerable populations,...

What Covid-19 can teach us about mitigating climate change

Oya Celasun, Florence Jaumotte, and Antonio Spilimbergo | 2021-07-12 00:00:00

While the Covid-19 pandemic continues to ravage the world, climate change-a crisis that can cause even greater destruction-looms. All crises teach us lessons, but the pandemic has gone further: it has reminded us about the power of nature. A recent...

The humanitarian face of Bangladesh

Neil Ray | 2021-07-12 00:00:00

The death of at least nine Covid-19 patients due to lack of oxygen in Satkhira Medical College Hospital and Bogura General Hospital has shocked the nation. At a time the number of patients overwhelmingly outpaces medical facilities, such things are...

Looking beyond the apparel sector

Shamsul Huq Zahid | 2021-07-12 00:00:00

It is an undeniable truth that the government pampers the country's apparel industry with many policy and fiscal supports. Taking its contribution, in terms of export revenue earnings and employment generation, into consideration, the industry deserves all types of support,...

Initial work on MRT-5 going on amid virus

MUNIMA SULTANA | 2021-07-11 00:00:00

The initial work of Mass Rapid Transit Line-5 (MRT-5) was progressing amid the Covid-19 pandemic, officials said. The authorities concerned have started the detailed design work of the MRT-5 North (Savar's Hemayetpur to Bhatara) after completing its feasibility study and...