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Islanders need banking care, better road link

SM NAJMUS SAKIB back from Islampur, Jamalpur | 2023-01-21 00:00:00

Belal Hossain has long been struggling to come out of poverty but he is yet to change his fate for being an islander in Jamalpur.The man, who is in his 30s and lives in Char Sisua under Shapdhori union in...

The festival of Poush Sankranti is on its way out

Nilratan Halder | 2023-01-21 00:00:00

Poush Sankranti or Makar Sankranti, otherwise known as Poush Parban is celebrated in Bangladesh and West Bengal on the last day of the Bangla month Poush. It is primarily a harvesting festival, like similar others, in an agrarian society. It...

Board effectiveness: UK perspective and applicability in Bangladesh

Md Ashadul Islam | 2023-01-21 00:00:00

Effectiveness of Board is an integral part of corporate governance especially when the corporate board needs to be more engaged, more knowledgeable and effective. An effective board defines the company's purpose and then sets a strategy to deliver it, underpinned...

Ctg business leaders express concern over gas, power price hike

NAZIMUDDIN SHYAMOL | 2023-01-20 00:00:00

CHATTOGRAM, Jan 19: Business community leaders in Chattogram have expressed concern over the price hike of gas and power. They said consumers have to bear the brunt as the prices of commodities have increased following the hike in prices of...

Cost set to rise 8.88pc, work to take one more year

MUNIMA SULTANA | 2023-01-20 00:00:00

The government is set to revise the Padma Multipurpose Bridge (PMB) project with both cost escalation and time extension.Officials said the third revised development project proposal (DPP) would seek a cost hike by 8.88 per cent to Tk 328.75 billion...

Reasons may vary but latest monetary policy is likely to boost capital market

Babul Barman | 2023-01-20 00:00:00

The Bangladesh Bank's latest monetary policy removing the deposit floor rate is expected to improve the liquidity condition in the stock market, said EBL Securities. Savers will direct a part of their savings to the capital market for higher returns...

Bangladesh improves GII ranking but still has miles to go

Nilratan Halder | 2023-01-20 00:00:00

Bangladesh's demonstration of a much improved performance in innovation capabilities ---by as significant as 14 notches move up in the Global Innovative Index (GII) ---in 2022 could be quite savouring but for its still poor ranking compared to its neighbouring...

Here is why some stocks swing while others don't

Mohammad Mufazzal | 2023-01-19 00:00:00

The Dhaka Stock Exchange (DSE) enquired in 2021 and 2022 about the reasons behind the abnormal price hikes of Gemini Sea Food on the prime index. Not only did the stock demonstrate abnormal rises but also it had steep falls...

Calcutta ... in its sounds, sights and colours

Syed Badrul Ahsan | 2023-01-19 00:00:00

There are too many cars, and too many flyovers, in Calcutta. As with flyovers as also metro rail links in a good number of cities in our part of the world --- think here of the metro rail structure overshadowing...

(Ad)Mission Impossible?

Tasmiah Tabassum Ali | 2023-01-19 00:00:00

There are, as many say, only two seasons in Dhaka: the wedding season and the admission season. Both herald new beginnings while inducing anxiety, but it is safe to say that only one of these seasons is fun to experience....

Fresh move to make BBIN MVA effective

MUNIMA SULTANA | 2023-01-18 00:00:00

Bangladesh has taken an initiative to give a fresh impetus to operationalise the subregional motor vehicle agreement (MVA) at an expected level to facilitate free flow of people and goods among the participating countries, officials said.They said Bangladesh, Bhutan, India...

Fund partnering BD in public admin capacity building

SYFUL ISLAM | 2023-01-18 00:00:00

Accelerating policy adjustments is imperative to ensure the sustainability of Bangladesh's external balance, says the visiting Deputy Managing Director of the International Monetary Fund while detailing an IMF aid package for the country.The top IMF executive, Antoinette Monsio Sayeh, noted...

H1 direct tax collection up 6.19pc

DOULOT AKTER MALA | 2023-01-18 00:00:00

Direct tax collection-growth slowed by 7.01 per cent against the target set for the first half of the current fiscal year (FY) for sluggish economic activities in the country.However, the growth was 6.19 per cent higher than the corresponding period...

Sea Pearl Beach Resort takes off on interest waiver, a matter still unsettled

BABUL BARMAN | 2023-01-18 00:00:00

Sea Pearl Beach Resort and Spa has been flying high on the Dhaka Stock Exchange (DSE) as news has been circling around that it would get a big amount of interest waived by state-owned Investment Corporation of Bangladesh (ICB). The...

Sneaking into the glorious history of Panam Nagar

MEHNAZ LAMEESHA | 2023-01-18 00:00:00

Panam Nagar, which covers an area of 20 square kilometres, is a bustling city. Shitolokkha River runs to the West of this city, and the Meghna River runs to the East. Communities have grown around these riverbanks. These waterways transport...

'Black War' underwhelms despite having a stellar cast

SHADIQUE MAHBUB ISLAM | 2023-01-18 00:00:00

The terror group 'Free Land For Peace' wanted havoc on the city on new year's eve, but the death-defying intervention by ADC Naveed had foiled the terrorist plan. The terrorist leader Khalid vowed to plunge the country into the darkness...

CEPA negotiations likely to start in two months

REZAUL KARIM | 2023-01-17 00:00:00

Bangladesh and India are expected to start negotiations on the proposed Comprehensive Economic Partnership Agreement (CEPA) within the next two months, officials said.They said Dhaka is set to commence negotiations on inking the deal with its second-largest trade partner to...

Business model keeps state-run sugar mills from making profit

Mohammad Mufazzal | 2023-01-17 00:00:00

General shareholders of two state-run sugar mills have no possibility of getting any return in foreseeable future as the mills have been squeezed more and more every year under the weight of losses piling up. The Dhaka Stock Exchange has...

Canadian ban and Bangladeshi money launderers

Syed Fattahul Alim | 2023-01-17 00:00:00

Recently, a report that Canada has slapped a ban on the purchase of residential properties in that country by foreigners has drawn much media attention. And the reason for such attention is obvious. But how far that ban is going...

Policy underway to dispose of govt assets after economic life

MUNIMA SULTANA | 2023-01-16 00:00:00

The government has taken a move to dispose of all kinds of its assets at the end of their economic lives, aiming to increase revenue and save money spent on maintaining such assets.A disposal policy has already been drafted and...

Export boom helps Shinepukur Ceramics stay ahead of peers

BABUL BARMAN | 2023-01-16 00:00:00

Shinepukur Ceramics has sustained its profit growth, focusing on exports at a time when the domestic demand slumped. Its export jumped 64 percent in the FY22, making the tableware maker the largest exporter in the sector when the company's domestic...

What chance does Holiday Market stand?

Neil Ray | 2023-01-16 00:00:00

After the weekly Farmers' Market, here comes the first Holiday Market in Dhaka north. While the former was launched under the 'Dhaka Food System Project' of the Food and Agriculture Organisation (FAO), the United Nations, the latter has just been...

Has Davos meet any relevance to poorer nations?

Syed Fattahul Alim | 2023-01-16 00:00:00

As usual, the yearly meeting of the world's richest countries, the richest business leaders, economists and civil society leaders hosted by the World Economic Forum (WEF) has kicked off today at Davos, the ski resort in Zurich, Switzerland. Given that...

Recent scams cast doubt on roles played by trustees

Mohammad Mufazzal | 2023-01-15 12:00:00

The trustee shall act on behalf of and in the "exclusive interest of investors" as obliged by the trust deed and law, reads an agreement signed by Sandhani Life Insurance and fund manager Universal Financial Solutions (UFS). More than one...

Making individuals' investments in T-bonds easy

Asjadul Kibria | 2023-01-15 00:00:00

Last year was marked by a big drop in the secondary trading of fixed-income tradable government securities. The value of annual secondary trading in these securities stood at Tk 1.13 trillion in 11 months of 2022. December figure is yet...

Specialised SIMs for foreign tourists by February-end

ISMAIL HOSSAIN | 2023-01-14 00:00:00

A specialised type of SIM cards for tourists is going to be introduced by the end of next month to facilitate smooth staying of foreigners while visiting the country. The Bangladesh Telecommunication Regulatory Communication (BTRC) has finalised the guidelines in...

Bayezid Link Road to be first toll road in Ctg

NAZIMUDDIN SHYAMOL | 2023-01-14 00:00:00

CHATTOGRAM, Jan 13: The Chattogram Development Authority (CDA) is going to impose toll on Bayezid Link Road which is now open to traffic, though with the work yet to be completed. Sources said CDA constructed the road without obtaining environmental...

Bargain hunting pushes stocks up

BABUL BARMAN | 2023-01-14 00:00:00

Stocks bounced back in the outgoing week that ended on Thursday, with turnover gaining momentum as bargain hunters, buoyed by regulatory moves, chased sector-specific shares.As the two regulators concerned remained stuck to their past decisions, stock investors seemed to be...

Commercial ventures in residential areas

Nilratan Halder | 2023-01-14 00:00:00

The news is tragic: in a posh area of the city, two girls jumped from a four-storey spa centre sensing the presence of a mobile court. One died soon afterwards and the other was fighting for life in a hospital....

Billion-dollar club: A bigger size could help make market less volatile

Mohammad Mufazzal | 2023-01-13 12:00:00

In September 2021, Beximco's market capitalisation was around $1.39 billion. Its share traded at Tk 136.30 each and the exchange rate was Tk 83 per dollar.At the time, the company could showcase its membership in the billion-dollar club. Not anymore....