REZAUL KARIM | 2021-06-24 00:00:00
Sonali Bank Ltd (SBL) has planned to raise a fund of Tk 100 billion through issuing perpetual bond to meet its capital shortfall.The state-owned bank has already written to the financial institutions division under the finance ministry and requested it...
MUNIMA SULTANA | 2021-06-24 00:00:00
Once disqualified despite being the lowest bidder, the same contractor, Abdul Momen Limited, was picked again for widening part of the Elenga-Rangpur highway.The firm got the job through a fresh bid as the Roads and Highways Department (RHD) invited tenders.Sources...
MOHAMMAD MUFAZZAL | 2021-06-24 00:00:00
The securities regulator has initiated a move to make the ailing listed companies, including state-owned ones, operationally sound and financially viable for the greater interest of the shareholders and stock market. The Bangladesh Securities and Exchange Commission (BSEC) has already...
Azhar Jaimurzina Ducrest , Sandeep Jain, Fedor Kormilitsyn and Edouard Chong | 2021-06-24 00:00:00
In the context of the 2030 Agenda for Sustainable Development, transport stands out as a continuous challenge as well as a tremendous opportunity for transitioning to economic, social and environmental sustainability. The availability of reliable transport infrastructure and services is...
Helal Uddin Ahmed | 2021-06-24 00:00:00
The pharmaceutical industry is currently one of the most promising sectors for industrial diversification in Bangladesh. Multinational companies (MNCs) dominated this industry during the early post-independence era of the country. At that time, eight leading MNCs controlled 75 per cent...
Khondaker Golam Moazzem and Tamim Ahmed | 2021-06-24 00:00:00
During the Covid-19 pandemic, the issue of violation of corporate accountability has been widely discussed and reported globally. Bangladesh's RMG sector has also been criticised multiple times due to the lack of proper decisions and transparency of the concerned authorities...
REZAUL KARIM | 2021-06-23 00:00:00
The agriculture ministry has turned down a proposal put forward by the commerce ministry to extend the existing import permit (IP) for onion for the greater interest of the country's agriculture sector, sources said.Department of Agricultural Extension (DAE) under the...
ISMAIL HOSSAIN | 2021-06-23 00:00:00
Country's non-governmental organizations (NGOs), for the first time, are out in the capital market to raise funds by issuing bonds.Three leading NGO-Microfinance Institutions-Brac, Buro Bangladesh and Sajida Foundation-have already applied to the Bangladesh Securities and Exchange Commission (BSEC) for permission...
SYFUL ISLAM | 2021-06-23 00:00:00
The long dominance of refiners in supplying soybean oil to the Trading Corporation of Bangladesh (TCB) is finally ended by a trader.The refiners had long been supplying soybean oil to the TCB at an 'exorbitant' price in connivance with each...
Siddique Islam | 2021-06-23 00:00:00
The central bank probe committee has interrogated five high ups to take their versions on financial irregularities at a non-banking financial institution (NBFI).They are: former deputy governors of Bangladesh Bank SK Sur Chowdhury and SM Moniruzzaman, former executive directors (EDs)...
Mehnaz Tabassum Khaleel | 2021-06-23 00:00:00
While preparing for the Level I of the CFA examination, and now into the next part, one thing I observed is that the number of Bangladeshi females enrolled in the CFA programme was significantly lower in comparison to their male...
ASJADUL KIBRIA | 2021-06-22 00:00:00
The net inflow of foreign direct investment (FDI) to Bangladesh declined 10.80 per cent to US$ 2.56 billion in 2020 from $2.87 billion in 2019 in line with the global trend amid Covid pandemic.The global FDI dropped by 35 per...
SIDDIQUE ISLAM | 2021-06-22 00:00:00
The central bank has issued a policy to set up alternative reference rates at LIBOR transition to facilitate export and import financing, officials said."It is expected that from 2022 onward, all new loans and letters of credit (LCs) will be...
Doulot Akter Mala | 2021-06-22 00:00:00
Different forms of taxes on bank deposits, even on the principal amount, discourage savers to choose the formal channel of financial transactions.The myriads of taxes also increase the cost of doing business.The return on bank deposits, including the fixed ones,...
Luc Eyraud, Catherine Pattillo, and Abebe Aemro Selassie | 2021-06-22 00:00:00
African economies are at a pivotal juncture. The Covid-19 pandemic has brought economic activity to a standstill. Africa's hard-won economic gains of the last two decades, critical in improving living standards, could be reversed.High public debt levels and the uncertain...
Syed Fattahul Alim | 2021-06-22 00:00:00
The chief scientist of the World Health Organisation (WHO), Soumya Swaminathan, said on Friday (June 18) that the Delta variant of the SARS-Cov-2 virus (Covid-19 virus), first found in India, is turning into a globally dominant variant of the disease....
MUNIMA SULTANA | 2021-06-21 00:00:00
The Padma Bridge project has stepped into another stage by completing placement work of rail slabs on the country's longest bridge having both rail and road options.Official sources said all 2,959 slabs were placed on the 6.15 kilometre bridge."We are...
Neil Ray | 2021-06-21 00:00:00
When 37 divorce petitions are filed a day at any capital city of a nation, the incidence gives quite an idea of the tenuous relations of conjugal life in the urban space. The 37 cases mark a rise by two...
Shamsul Huq Zahid | 2021-06-21 00:00:00
Since the deadly virus started taking its toll on life and living in the country in March last year, deficiencies of all sorts in the health sector were exposed. Many blamed the government for allocating funds far below the requirement...
Siddique Islam | 2021-06-20 00:00:00
Midland Bank Limited (MDB) has planned to go digital banking gradually instead of the existing 'brick and mortar' one to provide world-class services to the customers, the bank's top executive has said. "We're working to transform our services into digital...
Asjadul Kibria | 2021-06-20 00:00:00
Banks in Switzerland are probably losing their attraction as a safe haven to park tax-evaded income from developing countries. Declining depositsf or two years in Swiss banklinked with Bangladesh may be cited as an example in this connection. The latest...
Md Ziauddin Iqbal | 2021-06-19 12:00:00
The concept of "family" is absolutely an ancient term, which began from the genesis of humankind. Man is a social being, therefore living alone is impossible for any human being. Being ambient by social rituals and religious practice, people love...
Munima Sultana | 2021-06-19 00:00:00
A national highway is set to be brought under electronic road operation system for the first time - under a regional corridor development project.The Roads and Highways Department (RHD) has incorporated the provision in the under-construction SASEC Road Connectivity Project...
SYFUL ISLAM | 2021-06-19 00:00:00
Instead of lifting anti-dumping duty as requested by Bangladesh repeatedly, India is now conducting a 'sunset' review of jute goods imported from Bangladesh.The 'sunset' review, according to the anti-dumping agreement of the World Trade Organisation (WTO), is made to extend...
Md. Shafiqul Islam | 2021-06-19 00:00:00
At present, about 30 per cent of the total population of the country are young who are aged 15-30 years. According to a report, the number of young unemployed people is about one third. Fifty per cent of them are...
Nilratan Halder | 2021-06-19 00:00:00
So, a new epithet has found its place in our lexicon. It looks more like a term rather than an epithet or two nouns coined together, because it never happened anywhere before. Indeed mango and train have come together to...
BABUL BARMAN | 2021-06-19 00:00:00
Stocks slipped into the red in the outgoing week, snapping a nine-week winning streak, as cautious investors booked some profit on quick-gaining stocks amid rising trend of Covid-19 cases.Week-on-week, DSEX, the key index of the Dhaka Stock Exchange (DSE), went...
Md Alamgir | 2021-06-19 00:00:00
The total length of the land border of Bangladesh is 4,366 km. Of the total, the length of the country's border area with India is 4096 km and the remaining 270 km with Myanmar. This long land border of Bangladesh...
Shafiun Nahin Shimul and AKM Ghulam Hussain | 2021-06-19 00:00:00
The finance minister proposed a mega budget on the eve of the golden jubilee of independence of the country. Even though the budget offers some good features including increasing coverage of safety-net, reduction in corporate tax to boost industrial growth,...
Markus Goldstein | 2021-06-19 00:00:00
How do cash transfers stack up against a psychotherapy program in terms of not only economic outcomes, but mental health? That's the subject tackled by an interesting recent paper by Johannes Haushofer, Robert Mudida, and Jeremy Shapiro. And there is...
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