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Scam-hit FAS Finance searches for new investors to make a comeback

Mohammad Mufazzal | 2022-12-18 00:00:00

More than a year after the restructuring of the board of directors, scam-hit FAS Finance and Investment is yet to become functional again. Overburdened with loss and bad loans, it is in another uphill struggle to raise Tk 3-4 billion...

Trade policies and trade deficits

M A Taslim | 2022-12-18 00:00:00

Bangladesh is suffering from significant balance of payments difficulties for a considerable period which have caused multiple economic problems. Some have regarded these sufficiently serious to be called a crisis. Although the government and Bangladesh Bank are insisting on a...

Kaderia Bahini and some battles of the Liberation War

Helal Uddin Ahmed | 2022-12-16 00:00:00

Kaderia Bahini was a local force of freedom fighters in Tangail region led by Bangabeer Kader Siddiqui during the liberation war. Apart from the regular and irregular Muktibahini fighters under the Mujibnagar Government, a number of forces were then raised...

The road to Bangladesh

Syed Badrul Ahsan | 2022-12-16 00:00:00

On the first day of March 1971, the first lethal blow was struck at the foundations of Pakistan. Ironically, the job was done by the military regime then in control, the goal obviously being a prevention of a transfer of...

First segment opens on Dec 28

MUNIMA SULTANA | 2022-12-16 00:00:00

The first part of the country's first metro rail will be inaugurated on December 28.Prime Minister Sheikh Hasina has agreed to open it from Agargaon station.Road transport and highways division secretary Amin Ullah Nuri confirmed the date through an SMS...

1971: A time to remember, a time to move forward

Enayetullah Khan | 2022-12-16 00:00:00

I vividly remember 1971 December 16 as Bangladesh was liberated. Freedom had been in the air for a while and it was obvious that the Pakistani forces were going down. Every one hoped that victory would be won without too...

To be equal to spirit of the liberation war

Nilratan Halder | 2022-12-16 00:00:00

The generation that actively fought the liberation war in 1971 or was witness to its barbaric ferocity on the one hand and humanity at its noblest on the other is depleting fast with many already taking leave of this mortal...

Import scrutiny finds over-invoicing

DOULOT AKTER MALA | 2022-12-15 00:00:00

A customs wing has detected numerous doubtful dealings in its initial scrutiny of trade-based irregularities, which are said to be linked to siphoning off foreign currencies, officials say.Trade misinvoicing like over-invoicing of imports and under-invoicing of exports is seen by...

BSEC plans cash dividend transfer to BO accounts to spur reinvestment

Mohammad Mufazzal | 2022-12-15 00:00:00

The securities regulator has been thinking hard about introducing a provision that will require cash dividends to be deposited into investors' BO (beneficiary owner's) accounts, instead of bank accounts, so that cash is readily available for reinvestment in stocks. Increasing...

Football ... the game which makes us come alive

Syed Badrul Ahsan | 2022-12-15 00:00:00

It is World Cup season again, this time in happy Qatar. And these are days of sheer excitement, of unbounded ecstasy and deep disappointment.On the way to my village last week, it was a Brazil-Argentina festival of colours I sped...

Remembering Dodo: the UN summit on bio-diversity

Hasnat Abdul Hye | 2022-12-15 00:00:00

Dodo is not a mythical bird. It lived in the island state of Madagascar before becoming extinct many years ago. The bird disappeared not because of any natural disaster of massive proportion, terrestrial or extra- terrestrial, as the Dinosaurs did...

Blemished by scams, bank stocks lose value more than key index

BABUL BARMAN | 2022-12-14 00:00:00

The banking sector has experienced annual erosion of stocks' market capitalization to the economic volatility at a higher rate than the overall market, with the newly-listed Union Bank and Global Islami bank excluded from the scene. The Dhaka Stock Exchange's...

Plants as decor: An earthly touch to your mundane life

MEHNAZ LAMEESH | 2022-12-14 00:00:00

An ancient style of architecture called 'Vastu Shastra' was created in the Indian subcontinent, which includes plants as an integral part of the home's interior design. According to Vastu Shastra, keeping any plant in the house would bring luck and...

Rash bike rides on Cox's Bazar beach

Tahjibul Anam | 2022-12-14 00:00:00

COX'S BAZAR, Dec 13: Beach bikes and cars are moving randomly on the Cox's Bazar beach, hampering environment of the beach and habitats of different animals.Meanwhile, at different points of the Ecologically Critical Area (ECA), the vehicles are being driven...

Good stocks fail to boost long-term investments, despite impressive yields

Mohammad Mufazzal | 2022-12-13 12:00:00

The regulatory body and experts' repeated insistence on long-term stock investments for high returns falls on deaf ears, reflected in the overall market's behaviour. But a quick calculation may help translate the message given -- in black and white. Take...

Bangabandhu tunnel to open to traffic in next March

NAZIMUDDIN SHYAMOL | 2022-12-13 00:00:00

CHATTOGRAM, Dec 12: The first-ever tunnel of the country under the river Karnaphuli will open to traffic in March next year.The tunnel was scheduled to open in the current month. Sources said, the construction work of the Bangabandhu Sheikh Mujibur...

Dina Boluarte – Peru's first female president

Syed Fattahul Alim | 2022-12-13 00:00:00

Dina Boluarte, a former lawyer, on Wednesday (December 7), became the first female president of the Andean nation, Peru. It has been an unexpected stroke of luck for her as it came following the impeachment of her former boss, president...

Well-trained, they now bargain for a better deal

SAJIBUR RAHMAN, back from Sylhet | 2022-12-12 00:00:00

Hundreds of underprivileged youths, who mostly lost their jobs during the Covid-19 pandemic in Bangladesh's north-eastern Sylhet region, are now being employed in various sectors after they received much-required skills training.Nearly 88 per cent of the youths in the region...

Chinese co appointed O&M contractor for Karnaphuli Tunnel

MUNIMA SULTANA | 2022-12-12 00:00:00

The government has finally appointed a Chinese contractor for operation and maintenance (O&M) of the Karnaphuli Tunnel, revising a provision that 35 per cent of the five-year contract value of about Tk 9.84 billion will be paid in foreign currencies....

Japan agrees to carry out jt feasibility study on FTA

SYFUL ISLAM | 2022-12-12 00:00:00

Japan has finally agreed to start a joint feasibility study on the signing of a Free Trade Agreement (FTA) or Economic Partnership Agreement (EPA) with Bangladesh to bolster bilateral trade, officials say. To this end, Dhaka and Tokyo will make...

BSC no longer loss-making entity, says minister

NAZIMUDDIN SHYAMOL | 2022-12-12 00:00:00

CHATTOGRAM, Dec 11: Once a losing concern, the Bangladesh Shipping Corporation had earned much more than spent in the last three consecutive financial years while its net profits also significantly rose in the 36-month period. Due to its overall better...

Low rights offering: Result of prevention of abuse

BABUL BARMAN | 2022-12-12 00:00:00

The seven-year-low fund raised via rights shares this year has been blamed largely on the tightening of regulatory measures, but experts believe the decline happened to the advantage of investors with the fund abusers dissuaded. The authority has also been...

Manipulative price rise is what hurts most

Neil Ray | 2022-12-12 00:00:00

Even though it is still Agrahayan --- the last month of the season of Hemanta or late Fall or Autumn --- on the Bangla calendar, the air is ripe with wintry chill. The array of vegetables that bear the stamp...

Coup plot to topple German Republic

Syed Fattahul Alim | 2022-12-12 00:00:00

A fringe group that believes in conspiracy theory and want to take their country back to pre-World War II era, more specifically, to the time of Second Reich in 1871, did hatch a plot to overthrow the modern democratic German...

Ctg-Cox's Bazar-Gumdhum rail route to be operational in June next: Officials

Nazimuddin Shyamol | 2022-12-11 12:00:00

CHATTOGRAM, Dec 09: Extended by two years, the Chattogram-Dohazari-Cox's Bazar-Gumdhum (CDCG) rail route project is likely to be completed one ahead of the latest deadline fixed earlier this year, an official said.Originally scheduled to be completed in June this year...

Mkt diversification: A shield yet to be strong enough to protect investors

Mohammad Mufazzal | 2022-12-11 00:00:00

Thousands of investors burnt their fingers in the stock market debacles in 1996 and 2010, and many of them are yet to recover from the financial damages inflicted on them in the latest incident. They see the value of their...

Low carbon cities in Asia and the Pacific

Armida Salsiah Alisjahbana | 2022-12-11 00:00:00

Cities are key players in combating climate change and its effects. They are responsible for 70 per cent of global greenhouse gas emissions and consume 80 per cent of global energy. Thus, without significant changes in the way cities produce...

Bangladesh's growing global footprint in merchandise trade

Asjadul Kibria | 2022-12-11 00:00:00

The momentum of the world trade, which rebounded strongly in 2021, slowed down in the second half of the outgoing year and remained subdued in the third quarter. The last quarter is yet to end and it will take a...

Take funds to farmers' doors, cut costly NGO lending: Govt

SYFUL ISLAM | 2022-12-10 00:00:00

Food security takes top priority in Bangladesh, amid global alert to crisis-time famines, as the government asks banks to take funds to farmers' doors to reduce costly NGO lending. Officials say aiming to ensure easy access of farmers to bank...

India's transshipment facilities unlikely to benefit BD trade

REZAUL KARIM | 2022-12-10 00:00:00

Bangladesh will hardly derive any benefit from the transshipment facilities by exporting its products through Indian territories to third countries, according to an assessment by the National Board of Revenue (NBR).India has widened the facilities by including riverine routes with...