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Port city traders grapple with three crises

NAZIMUDDIN SHYAMOL | 2022-11-05 00:00:00

CHATTOGRAM, Nov 04: Businessmen of the port city's three largest trade hubs - Chaktai, Khatunganj and Asadganj - for a long time have been hamstrung by three major problems which are hampering not only businesses in city but also disrupting...

Meeting the challenge of starvation

Nilratan Halder | 2022-11-04 12:00:00

Russia's abrupt u-turn from pulling out of the UN-brokered Black Sea grain initiative on Wednesday last will allow people in food-deficit countries around the world to heave a sigh of relief. Only four days ago on the weekend, Russian President...

RTA up for execution after yrs

MUNIMA SULTANA | 2022-11-04 00:00:00

After the lapse of over four years, the Road Transport Act (RTA)-2018 is getting fully ready to bring discipline in streets with provisions of penalties, including cancellation of driving licences.Sources said finance ministry finally gave its nod of approval to...

LafargeHolcim stands out among cement makers: Here is why

BABUL BARMAN | 2022-11-04 00:00:00

It is new products and an online distribution channel that helped LafargeHolcim grow at a time when other cement manufacturers are scrambling to make a profit and some even have endured the pain of significant losses in recent quarters. Holcim...

Digital marketing -- ethics and trust building

Mohammad Shahidul Islam, Md Shamimul Islam and Tanzin Khan | 2022-11-04 00:00:00

Digital marketing in Bangladesh is rapidly becoming one of the significant sources of customer outreach for brands. With the growth of IT and the internet, digital marketing has become an essential tool for marketers across the country. The scope of...

November in the nation's soul

Syed Badrul Ahsan | 2022-11-03 12:00:00

November resonates with us, for it has become part of our history in its cheering as also heartbreaking moments. It speaks to us, every year, of what we have achieved and of the glory we have lost as a sovereign...

IMF queries hefty capacity payments, power subsidy

FHM Humayan Kabir and SYFUL ISLAM | 2022-11-03 00:00:00

Huge capacity payments to independent power producers (IPPs), which are creating a "hole" into Bangladesh's economy, came under query from the International Monetary Fund (IMF) in assessing the country's creditworthiness, sources said. In two separate meetings with Power Division and...

Myriad cos caught in limbo for complex exit policy

DOULOT AKTER MALA | 2022-11-03 00:00:00

Rahman Hashim stands nonplussed getting caught in clumsy windup process of his inactive company. He is receiving notices from the tax offices regularly for filing tax returns for the company lying in limbo.He took registration for the firm from the...

Bangladesh Shipping Corporation falls on DSE even after outstanding profit growth

Mohammad Mufazzal | 2022-11-03 00:00:00

State-owned Bangladesh Shipping Corporation (BSC) suffered a fall on the stock market on Wednesday as investors were frustrated over 20 per cent cash dividend that it declared for the fiscal 2021-22 even after making a remarkable 213.56 per cent year-on-year...

B'desh, S'pore to start talks to ink FTA this year

REZAUL KARIM | 2022-11-03 00:00:00

Bangladesh and Singa-pore are expected to start negotiations soon to ink a free trade agreement (FTA) within this year, aiming to boost investment and trade between the countries. As part of the move, Singapore's trade minister is likely to visit...

Towards a learning-based education system

Syed Al Farabi | 2022-11-03 00:00:00

Let us take a look at a typical day for a private school-goer. They wake up at around seven, make themselves fresh, get dressed up, have their meal, and rush to their schools. In front of the schools, a common...

The beautiful game: a source of trade & inclusion

Ngozi Okonjo-Iweala and Gianni Infantino | 2022-11-02 12:00:00

As we get ready for another FIFA World Cup, we recognise that football is the world's game, and a shining example of how people from different cultures, backgrounds, and ages can come together for a shared experience that brings excitement...

Five wheat ships arrive at Ctg Port, five more on the way

NAZIMUDDIN SHYAMOL | 2022-11-02 00:00:00

CHATTOGRAM, Nov 01: Some wheat-loaded ships arrived at Chittagong Port from different countries recently amid an increase in wheat prices in the country and a global supply crunch of the staple grain triggered by Ukraine-Russia war. At least five ships...

BAT's profit soars 39pc on cost cuts, tax-efficient strategies

Mohammad Mufazzal | 2022-11-02 00:00:00

British American Tobacco Bangladesh Company (BATBC) gained more than 39 per cent growth year-on-year in profit for the third quarter through September, leading to 100 per cent cash interim dividend. The remarkable growth was possible for a steep rise in...

Rising food prices: bachelors’ predicaments

SHADIQUE MAHBUB ISLAM | 2022-11-02 00:00:00

Inflation has hit Bangladesh hard and nowhere is it felt more than in Dhaka. Food prices are skyrocketing, and perhaps the worst sufferers are the bachelors. They rely on hotels to get their meals, as few can cook themselves. And...

BRAC Bank's Q3 profit rises but stock lies low

Mohammad Mufazzal | 2022-11-01 00:00:00

BRAC Bank is traded at depressed prices despite a whopping 53.66 per cent year-on-year profit growth in the third quarter to September this year. During the time, its consolidated earnings per share also went higher from Tk 0.95 to Tk...

Deficit in confidence keeps big pharma low on bourses

BABUL BARMAN | 2022-11-01 00:00:00

Big drug makers have made no movement from floor prices on the Dhaka Stock Exchange for a while even after declaring good year-on-year profit growths in the year ended in June. And the others are going down towards the floor....

Being alert to XBB infection

Syed Fattahul Alim | 2022-11-01 00:00:00

The World Health Organisation (WHO) is reported to have identified another immune-evasive COVID variant, XBB, which has already spread to 26 countries. The infection rate of this new version of the COVID is increasing among the populations of both Singapore...

'Aspirational momentum' as a source of growth

Helal Uddin Ahmed | 2022-11-01 00:00:00

The British philosopher Adam Smith laid the foundation of economic theory when he published his book 'An Inquiry into the Nature and Causes of the Wealth of Nations' back in 1776. The book tells the readership about the causes and...

Customs to downsize NSW trade clearance

DOULOT AKTER MALA | 2022-10-31 00:00:00

A dozen entities may be dropped in trimming the jumbo National Single Window (NSW) mechanism by the revenue authority, but stakeholders feel the desired integrated action for quicker trade clearance may be affected.Officials say the customs authority under the National...

Beximco's profit doubles but stock plunges

BABUL BARMAN | 2022-10-31 00:00:00

Bangladesh Export Import Company (Beximco) dropped to 'floor price' on Sunday after it declared a growth acceleration in fiscal year 2021-22 to double the profit it made in the previous fiscal year. The share price closed at Tk 115.60, having...

Price restriction: what good does it bring for stocks?

Mohammad Mufazzal | 2022-10-31 00:00:00

Investors are hesitant to buy even good stocks while stuck at floor prices because they wait for further price corrections, market operators say. Price correction and appreciation are the key part of transactions, a senior official of a merchant bank...

Krishaker bazaar shows the way

Neil Ray | 2022-10-31 00:00:00

Called 'Krishaker bazaar' (farmers' market), the weekly temporary holiday outlets have their name somewhat misleading. Like women's markets where women-only are the sellers and buyers, here farmers are only one party ---sellers that is---and the other party is a select...

Greed, politics and famines

Syed Fattahul Alim | 2022-10-31 00:00:00

The International Monetary Fund (IMF), quoting the World Food Programme (WFP), recently said that at present 345 million people across the globe are in danger of facing acute food insecurity. And 828 million people have already been going hungry every...

Saudi co may be picked to operate Patenga Terminal

NAZIMUDDIN SHYAMOL | 2022-10-30 00:00:00

CHATTOGRAM, Oct 29: The Patenga Container Terminal will start its operation in January next following the appointment of an operator by the shipping ministry, which is reportedly carrying out consultation with a Saudi Arabian company in this regard. The Red...

Twin crises of food and fuel looming

Asjadul Kibria | 2022-10-30 00:00:00

A question stirs many minds if Bangladesh could face a twin crisis of food and energy within a few months. Such apprehension is now quite pertinent for reasons not so few, especially when energy crisis is already there and premonition...

BD out to find payment option amid SWIFT ban

REZAUL KARIM | 2022-10-29 00:00:00

Dhaka is desperately exploring alternative payment systems amid multiple sanctions, including SWIFT ban, against Russia as bilateral trade will suffer a setback sans a free and safe transaction mechanism.State agencies, including finance and commerce ministries, and central bank, are expected...

IMF support to enable govt to recharge reserves

SYFUL ISLAM | 2022-10-29 00:00:00

The International Monetary Fund (IMF) says its support programme for Bangladesh will help the country replenish its foreign-currency reserves and enhance the capacity to deal with economic downturn feared ahead.While launching its 'Regional Economic Outlook Report for Asia and the...

Olympic Industries’ profit slumps to seven-year low on high production cost

BABUL BARMAN | 2022-10-29 00:00:00

The net profit of Olympic Industries Limited slumped to nearly Tk 1.21 billion in fiscal year (FY) 2021-22, the lowest in seven years, dented by higher production cost and rising raw materials prices.The country's leading biscuit maker has reported a...

Circumstances are most unusual but helpline 999 proves handy

Nilratan Halder | 2022-10-29 00:00:00

"Hello, is it 999?" "Yes, how can I help you?"--comes the prompt reply from the national helpline. "I am in great danger, can't get out of a shop. Need your help immediately or else I fear for my life". Following...