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Palestinians being failed again by world's ineffective language

Chris Doyle | 2021-05-20 00:00:00

A troubling lexicon is trotted out during and after every Israeli war on Gaza, with politicians and journalists helping to create an echo chamber of meaningless blandishments. These may appear harmless to the uninitiated, but they obscure the reality of...

Most contracts expire before work ends

MUNIMA SULTANA | 2021-05-19 00:00:00

Contracts under different packages of the first metro rail project have expired before completing necessary work, forcing the Dhaka metro rail company to extend the contract period for at least one year.Sources said Dhaka Mass Transit Company Limited (DMTCL) has...

Non-resident foreign cos now to pay VAT directly

DOULOT AKTER MALA | 2021-05-19 00:00:00

From now on non-resident foreign companies, such as Google, Facebook YouTube and Netflix, will be able to obtain VAT registration, submit VAT returns and pay VAT directly.The National Board of Revenue (NBR) has incorporated the provisions for such companies in...

Gaza, apartheid Israel and the last stand of settler colonialism

Richard Falk | 2021-05-19 00:00:00

The current crisis of Palestine/Israel deepens and widens as casualties mount, smoke from destroyed buildings fills the air in Gaza, rioting on the streets of many Israeli and West Bank towns, Israeli police disrupting worshippers in the Al-Aqsa mosque compound...

New plan for power sector: An analysis

Khondaker Golam Moazzem and Helen Mashiyat Preoty | 2021-05-19 00:00:00

The power and energy sector has made significant progress in ensuring access to electricity over the last one decade. Despite the progress, the sector has confronted a number of weaknesses and challenges including over-reliance of fossil-fuel, over-generation capacity and consequent...

Govt to borrow Tk 55b more to meet budget deficit in May

SIDDIQUE ISLAM | 2021-05-18 00:00:00

The government has amended the auction calendar to borrow Tk 55 billion more from the scheduled banks to meet the budget deficit only for this month as a falling trend of surplus funds in its accounts, officials said.The ministry of...

Next budget may skip facility

Doulot Akter Mala | 2021-05-18 00:00:00

Despite disclosure of a record amount of 'undeclared' funds during the first three quarters of the current fiscal year (FY), the government may discontinue the softest-ever black money whitening provision in the next FY.Business leaders and economists have been highly...

Most listed banks see EPS surge in Q1

BABUL BARMAN | 2021-05-18 00:00:00

Most of the listed banks logged higher profits in the first quarter (Q1) of 2021 compared to the same quarter of the previous year due to relaxed provisioning amid ongoing pandemic.Of the 31 banks listed with the Dhaka Stock Exchange...

US holds the key to end Gaza conflict

Syed Fattahul Alim | 2021-05-18 00:00:00

The Israeli offensive into Gaza had been continuing for the seventh consecutive day till writing of this piece on Sunday (May 16). Historically, Israel did never have any qualms about using the deadliest force under its command against the 2...

Covid-19 in the second year -- breeds hope and despair

Abdur Rahman Chowdhury from Falls Church, Virginia, USA | 2021-05-18 00:00:00

Covid-19 is now in the second year wrecking havoc on people all over the world. While we see a steady decline of infections and casualty in the United States and Europe, the virus has been killing people with all ferocity...

Power wastage high among state-run industrial units

SYFUL ISLAM | 2021-05-17 00:00:00

Energy use in state-run industrial units is much higher than the usual requirement due to the use of old machinery and absence of energy efficiency mechanisms, officials said.The lack of technical knowledge about energy efficiency and conservation is also a...

Next budget set to offer businesses sweeteners

DOULOT AKTER MALA | 2021-05-17 00:00:00

The government is set to offer a wide-range of tax relief for the businesses in the budget for the upcoming fiscal year (FY) to help the latter survive the Covid-19 pandemic onslaught.The government has also decided to be practical as...

NCC Bank aims to ride high in 5 yrs banking on modern tech

SIDDIQUE ISLAM | 2021-05-17 00:00:00

NCC Bank is planning to become one of the country's top ranking banks within the next five years by increasing the number of customers through using modern technologies, the bank's top executive has said."We're thinking to update our core banking...

Uncertainty looms over vaccination

Shamsul Huq Zahid | 2021-05-17 00:00:00

Health experts are still insisting on facemask use, social distancing and hand wash as the SARS-Cov-2 virus continues to wreak havoc in most countries. But, for understandable reasons, the people are not comfortable with all these preventive measures, particularly that...

The coming battle for Afghanistan

Syed Badrul Ahsan | 2021-05-17 00:00:00

The window of hope is gradually closing on Afghanistan. With no fewer than sixty people, most of them schoolgirls, killed in a blast near a school in Kabul two weeks back and as many as a hundred and fifty left...

Rules drafted to ensure release of perishable goods in 48 hrs

DOULOT AKTER MALA | 2021-05-12 00:00:00

The revenue board has drafted rules keeping a provision to ensure release of perishable goods within 48 hours of submission of bill of entry or export completing all customs procedures.The customs wing of the National Board of Revenue (NBR) framed...

Call money rate stable

SIDDIQUE ISLAM | 2021-05-12 00:00:00

The inter-bank call money rate remained almost stable on Tuesday, as banks are flooded with excess liquidity amid poor credit demand from businesses - mainly due to the ongoing Covid-19 pandemic, bankers said.The weighted average rate (WAR) on call money...

Keeping growth sustainable

Md Shamsul Arefin | 2021-05-12 00:00:00

Everyone will accept that increased agricultural yields, the surge of migrants' remittances and development of the garments industry have triggered growth of our economy in recent times. But most importantly behind the scene, it is the present government that has...

Land sharks on the prowl in port city again

NAZIMUDDIN SHYAMOL | 2021-05-11 00:00:00

CHATTOGRAM, May 05: Land grabbers are having a field day, especially in the port city, after the government relaxed lockdown late last month allowing super markets, shopping centres and shops to reopen.After remaining in hibernation during a series of weeklong...

Test run of metro rail likely this month

MUNIMA SULTANA | 2021-05-11 00:00:00

The country's first metro rail is expected to start its test run from Uttara depot site to Pallabi end this month.Kawasaki-Mitsubishi, the Japanese contractor for the rolling stock of the mass rapid transit line-6 to be set up in the...

CPA for doubling ICDs to make business easy

DOULOT AKTER MALA | 2021-05-11 00:00:00

The Chittagong Port Authority (CPA) has recommended doubling the number of private inland container depots (ICDs) to facilitate delivery of imported goods from the off-docks and make doing business easy.It urged the stakeholders concerned to invest more in setting up...

Most listed banks offer higher dividends for 2020

BABUL BARMAN | 2021-05-11 00:00:00

Most of the listed banks have declared higher dividends for the year ended on December 31, 2020 than that of the previous year as the profit margins rose due to relaxed provisioning amid ongoing pandemic.Of the 31 banks listed with...

Felling trees for a cause!

Syed Fattahul Alim | 2021-05-11 00:00:00

How much oxygen does a tree produce? A study says, a mature leafy tree produces as much oxygen in a season as 10 people inhale in a year. On average, one tree makes 260 pounds of oxygen each year. Two...

Budget FY22 & support for agriculture, CSMEs

Fahmida Khatun, Mustafizur Rahman, Khondaker Golam Moazzem, and Towfiqul Islam Khan | 2021-05-11 00:00:00

Unlike the first wave of the Covid pandemic, the second wave has brought a number of new challenges for the agriculture sector. These include damage to paddy production due to blast disease and heat wave in a number of districts,...

Ctg shopping malls abuzz with buyers

Nazimuddin Shyamol | 2021-05-10 00:00:00

CHATTOGRAM, May 09: Eid shopping gained momentum in the port city on Sunday as people rushed to different markets and shopping centers to buy dresses, cosmetics, ornaments and different other items of their choice.Eid-ul-Fitr, the biggest religious festival of the...

RHD may witness cascading effect of a changed decision

MUNIMA SULTANA | 2021-05-10 00:00:00

The authorities concerned will have to review the feasibility study and detailed design of more than 80 per cent of the country's highways due to a recent decision to change service lane design.The Roads and Highways Department (RHD) has recently...

Interest rate spread widens slightly

SIDDIQUE ISLAM | 2021-05-10 00:00:00

The interest rate spread widened slightly in March last as the banks cut their deposit rates deeper than that of the lending ones, bankers have said.The weighted average spread between the lending and deposit rates, offered by the scheduled banks,...

Multiple VAT registration bane of manufacturers

Doulot Akter Mala | 2021-05-10 00:00:00

Most of the manufacturing industries, despite maintaining financial statements centrally, are unable to obtain central VAT registration due to a 'faulty' piece of legislation, businesses alleged.Large companies having multiple distribution centres have to obtain VAT registration for each of their...

Local, foreign companies evince interest to work as arranger of fund

Mohammad Mufazzal | 2021-05-10 00:00:00

Some local and foreign companies have showed interest to work as arranger of fund to be issued by the state-run Investment Corporation of Bangladesh (ICB) through the issuance of bond.Of the foreign companies, the Credit Suisse, a leading investment bank...

GDP versus lasting growth rooted in love

Graham Peebles | 2021-05-10 00:00:00

In what feels like a throwback to another era, banks and big business are once again talking about 'growth', and economic development. Both of which amount to the same thing to the men and women of money - profit.After over...