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Bangladesh's economic development & the Bay of Bengal

Imtiaz A. Hussain, Obydullah Marjuk and Asheer Shah | 2022-12-07 00:00:00

Two colliding forces haunt Bangladesh in the early 21st Century. They explain the three colours in the title. Whereas ‘gray’ represents industry and ‘green’ environmental sustainability, the ‘blue’ is the ocean, in Bangladesh’s case its nearest access to the ocean:...

Closing gender gap: an essential tool to combat climate change

Babui Salsabil | 2022-12-07 00:00:00

The COP27 Climate Conference saw world leaders and activists come together at Sharm el-Sheikh, Egypt, in November 2022 to catalyse global efforts to challenge the climate crisis. Among many unsettling issues that came to the forefront, one was that the...

Behavioural finance at the personal level

Md. Risalat Huda | 2022-12-07 00:00:00

Humans are not always rational, and the decisions they make are often imperfect. When it comes to personal finance, people have self-control limitations and are easily influenced by assumptions, emotions, and perceptions. These biased and irrational behaviours seldom go without...

Bangladesh The milieu of social justice & economic emancipation

Muhammad Abdul Mazid | 2022-12-07 00:00:00

Macroeconomic and social indicators show that Bangladesh has been better off as an independent nation though it is far behind in achieving its primary goal of alleviating economic and political inequality. Macroeconomic growth contributed to higher national income, but growing...

Road tragedy on DU campus that could be avoided

Syed Fattahul Alim | 2022-12-06 00:00:00

Road accidents have become so common and almost routine-like that newspaper readers or viewers of electronic media won't care to give a second look at any report on accidents involving deaths and injuries unless it contains bad news about their...

Time to make rooftop solar shine

Shafiqul Alam | 2022-12-06 00:00:00

Bangladesh has set a target of unconditionally reducing 26.31 million tonnes of CO2 equivalent from the energy sector alone by 2030 in its Nationally Determined Contributions (NDCs). To achieve its goal, Bangladesh must recognise the vital role rooftop solar can...

Covid pandemic: a case of failure of governance

Hasnat Abdul Hye | 2022-12-06 00:00:00

Unarguably, the Covid-19 pandemic that ran amok for two years in untrammelled fury was a Black Swan, an unprecedented rare event with disastrous consequences for human lives and their livelihood across the world. It took a death toll of 6.6...

Pseudo 'foreign' cos cashing in on EPZ privileges

DOULOT AKTER MALA | 2022-12-05 12:00:00

Customs sleuths have dug out abuse of fiscal bounties in Bangladesh's Export Processing Zones (EPZs) by pseudo firms using 'foreign company' tag and also money laundering, officials say.Pecuniary offences like import of restricted or banned products, money laundering, smuggling, duty...

Investors stay away from stocks, dismayed by low profit from higher investment

BABUL BARMAN | 2022-12-05 00:00:00

An exodus of investors from the capital market reduced the number of beneficiary owner's (BO) accounts by 11.06 per cent, or 0.23 million, to 1.85 million in the six months through November 30. They felt discouraged from sticking around as...

Inhuman and tragic

Nilratan Halder | 2022-12-05 00:00:00

The incident of crushing, dragging and both together of victims fallen off a small and slow moving vehicle when hit from behind by a bigger one happened before. In all such cases of rear-end collision, the drivers were, as usual,...

Is AI a blessing or a danger to humanity?

Syed Fattahul Alim | 2022-12-05 00:00:00

Nowadays the use of Artificial Intelligence (AI) has been increasing by leaps and bounds. This is happening in most cases even without our knowledge. The smartphone the common people are used to in their everyday communication has many of its...

Over Tk 193.6m orders received in SME fair

DOULOT AKTER MALA | 2022-12-04 00:00:00

Light engineering sector has received encouraging responses from the businesses in the SME fair raising hope to develop an import substitute industry. The 10th Small and Medium Enterprise Fair or SME Fair-2022 concluded on Saturday in the city amid huge...

Alternative Trading Board to begin trades of non-listed stocks in Jan

Mohammad Mufazzel | 2022-12-04 00:00:00

Over-the-counter trading of non-listed securities will come to an end with the Dhaka Stock Exchange's Alternative Trading Board (ATB) set in motion on January 1 next year. The platform will allow investors -- both institutional and individual -- to transact...

Rising risks in Bangladesh's banking sector

Asjadul Kibria | 2022-12-04 00:00:00

Bangladesh's banking sector is always in public discussion and debate mainly centre around corruption and irregularities. This rot from within has turned most state-owned banks loss-incurring and also weakened a few private commercial banks. Barring the Oriental Bank in 2006,...

Govt updating info deal to recover laundered money

SYFUL ISLAM | 2022-12-03 12:00:00

Redrafting deal documents is underway as the government is set to sign sure-fire Mutual Legal Assistance (MLA) treaties with countries to obtain information and retrieve laundered money, officials say.The step is taken amid swinging criticisms from various quarters in society,...

Brick production hit, price rise feared as coal scarce

REZAUL KARIM | 2022-12-03 00:00:00

Coal-supply shortage is affecting production of local brickfields, raising fear of further price surge of the key construction material, sector insiders said.According to them, the country's brickfields are facing a shortage of coal, used as the primary fuel in brick...

DSEX snap three-week losses, driven by pharma stocks

BABUL BARMAN | 2022-12-03 00:00:00

Stocks bounced back in the outgoing week to Thursday, snapping a three-week losing streak, as bargain hunters put fresh bets on some selective stocks, although investors' participation continued to decline amid persisting economic headwinds.Surge in prices of pharma stocks such...

Delving deep into rich-poor divide

Doulot Akter Mala | 2022-12-03 00:00:00

A recent flagship report of the United Nations Research Institute for Social Development (UNRISD) said the global health crisis doubled the wealth of the 10 richest men in the world while sending nearly 120 million people into extreme poverty.The report...

Upsets galore but WC Football makes a statement for Asia and Africa

Nilratan Halder | 2022-12-03 00:00:00

The FIFA World Cup Football has never seen upsets of this order before as the 22 edition now being held in Qatar is witnessing. Only three teams ---England, Portugal and Brazil --- still remain unbeaten in the group stage. But...

Focus on internal climate refugees

Nilratan Halder | 2022-12-02 00:00:00

The third edition of the annual Global School on Refugee and Migrant Health organised by the World Health Organisation (WHO) in Dhaka concludes today. This five-day open e-learning hybrid event hosted by the health ministry brought together policymakers, UN partner...

'There is a silver lining for Bangladesh to this gloom & doom'

Asjadul Kibria | 2022-12-02 00:00:00

Notwithstanding sound macroeconomic management for the past three decades, the external shocks originated from the Russia-Ukraine war have threatened the stability of the Bangladesh economy like that of many other developing nations. The country's economy, however, is still strong enough...

Relaxed block trades yet to pull big investors

Mohammad Mufazzal | 2022-12-01 12:00:00

The block board of the Dhaka bourse has not seen any boost to its daily turnover volume due to low investor participation even after the November 15 relaxation of the floor price restriction.The new policy allows stocks to be traded...

Saudi Arabian co likely to be appointed PCT operator

MUNIMA SULTANA | 2022-12-01 00:00:00

The government has started working with a Saudi Arabian company to examine whether it can be appointed to operate the newly built Patenga Container Terminal (PCT), officials said.They said a delegation of Red Sea Gateway Terminal (RSGT) arrived here this...

Qatar bans sea-food from BD

REZAUL KARIM | 2022-12-01 00:00:00

Qatar has imposed a temporary ban on import of sea-foods from Bangladesh, as health hazardous bacteria were found in some export consignments, sources said.The import ban included different sea-foods, like fish, shrimp, squid, mussels, oysters, etc, they added.The move came...

The road to study in Germany

Iftekharul Islam | 2022-12-01 00:00:00

Germany has been known for its technological advancement and stellar academic reputation for over a century. Every year, more than hundreds of thousands of students, mostly from technical backgrounds, choose this country as their academic destination. To make their student...

The animals we regularly demean

Syed Badrul Ahsan | 2022-12-01 00:00:00

Animals too have dignity.And yet there are the thousand and one ways in which we regularly humiliate the animals with whom we share this planet. Every reference to them, every categorization of them, is pejorative, to a point where in...

Agent banking: a new approach for financial deepening

Ahsan Mansur and Hasnat Alam | 2022-12-01 00:00:00

Bangladesh has done exceptionally well in reducing poverty in the last five decades. Since its independence, poverty has fallen from above 80 per cent to 24.3 per cent in 2016. Various poverty alleviation and production-oriented schemes, large inflows of workers'...

Does DSE prime index’s better performance reflect reality?

Mohammad Mufazzal | 2022-11-30 12:00:00

It was March 8 when the securities regulator felt compelled to impose 2 per cent lower circuit breaker to stop the benchmark index of the Dhaka bourse from plunging further. The previous two weeks had proved brutal, with the index...

Project suffers snag for no TA

MUNIMA SULTANA | 2022-11-30 00:00:00

The planned multimodal transport hub at Kamalapur rail station has suffered for more than a year for not getting a transaction adviser (TA) to study its viability.The Bangladesh Railway (BR) and the PPP Authority (PPPA) initiated to build the Kamalapur...

Govt set to finalise RMG Sustainability Council framework

REZAUL KARIM | 2022-11-30 00:00:00

The government is set to finalise a framework for RMG Sustainability Council (RSC) with an eye to monitoring the overall activities of the national tripartite initiative - representing each of the three constituents from industry, global fashion brands, and global...