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Fishermen return to sea to catch fishes as fishing ban goes

Nazimuddin Shyamol | 2022-10-29 00:00:00

CHATTOGRAM, Oct 28: The fishermen with fishing nets, boats and trawlers returned to the Bay and mouths of different rivers in the district as a three-week-long ban on fishing, including hilsa harvesting, came to an end early Friday. Sources said...

Heat exposure and workers' health in Bangladesh

Hasnat M Alamgir | 2022-10-29 00:00:00

Bangladesh has hot, humid weather. Working outdoors can become awfully difficult here during its very long summer season that lasts practically from April to October: that is about 7 months. The midday temperature between June and September often remains above...

Low interest income brings down DBH Finance's profit by 24pc

BABUL BARMAN | 2022-10-28 00:00:00

DBH Finance PLC posted a 24 per cent year-on-year fall in profit in the third quarter this year as interest income from loans dropped significantly. DBH Finance, formally known as Delta Brac Housing Finance Corporation, exclusively focused on home loans,...

ACI sees marginal growth, helped by a subsidiary

Mohammad Mufazzal | 2022-10-28 00:00:00

Advanced Chemical Industries (ACI) has registered a moderate year-on-year growth in consolidated earnings per share (EPS) for the fiscal 2022, mainly riding on a subsidiary.The company's stand-alone EPS, however, fell marginally. The growth in consolidated EPS was mainly supported by...

Economic, environmental and other benefits of urban gardening

Nilratan Halder | 2022-10-28 00:00:00

The United Nations (UN) agency, Food and Agriculture Organisation (FAO) is usually thought to be associated with country-specific agriculture involving production of cereals and staples. Far from this, its range and scope are extended to even urban gardening including the...

In the West, they carry their own bags

Syed Badrul Ahsan | 2022-10-27 12:00:00

The good bit, among so many other good bits, about western democracy is the decency with which rival politicians campaign against one another for high office, the grace with which the defeated accept the triumph of their adversaries and the...

ADB confirms funding for Dhirasram ICD

MUNIMA SULTANA | 2022-10-27 00:00:00

The Asian Development Bank (ADB) has confirmed its funding for developing substructure in the Dhirasram Inland Container Depot (ICD) project.This would enable the Bangladesh Railway (BR) to place the project under the public private partnership (PPP) category in future.Sources said...

Supply disruption forewarned amid unabated price spiral

REZAUL KARIM | 2022-10-27 00:00:00

Bangladesh Trade and Tariff Commission (BTTC) forewarned further supply disruption of key essential items on the domestic market for factors that include banks' reluctance in opening import LCs.Among other factors is the prevailing supply scarcity of power and gas that...

For Ctg traders, Sitrang leaves trail of economic devastation

NAZIMUDDIN SHYAMOL | 2022-10-27 00:00:00

CHATTOGRAM, Oct 26: Sitrang made landfall in Chattogram, Patuakhali and Barisal coastline 72 hours ago but the pre-cyclone rains which submerged those areas, including the port city, has left a trail of devastation in the region. Apart from rain water,...

Linde's profit plummets on fall in Covid-induced demand for Oxygen

BABUL BARMAN | 2022-10-27 00:00:00

Linde Bangladesh, a leading medical and industrial gas producer, has reported a 23 per cent year-on-year drop in net profits for the third quarter of 2022, driven mainly by a sharp revenue fall in its healthcare segment and higher raw...

Rishi Sunak and his 'maiden' speech

Hasnat Abdul Hye | 2022-10-27 00:00:00

It may be facetious to try to refresh the memory of those who have forgotten the meaning of the words 'maiden speech' but is worth bearing that risk because it has not been used much, perhaps rarely, in public discourse...

MJL Bangladesh's profit declines for rising costs amid devaluation of taka

Mohammad Mufazzal | 2022-10-26 00:00:00

MJL Bangladesh has recommended 50 per cent cash dividend for fiscal 2021-22 despite a decline in profits, only to maintain consistency with its previous records. Profits fell because of the rising costs of business in tandem with the devaluation of...

Foodies for interior design and ambience over food

Nowshaba Achal | 2022-10-26 00:00:00

The number of restaurants is increasing rapidly, and so is the number of people choosing to dine in restaurants. While food is easily the primary attraction of a restaurant, the latest trends and consumer behaviours suggest that the interior designs...

Govt cuts markup on sugar, edible oil trade

REZAUL KARIM | 2022-10-25 00:00:00

The government has slashed the allowable profit margins at the production, wholesale (distributor) and retail levels of edible oil and sugar apparently to give some relief to the consumers battered by the skyrocketing prices of essentials.The edible oil and sugar...

Dengue creating havoc, may spread more

DOULOT AKTER MALA | 2022-10-25 00:00:00

Nargis Banu's efforts to control Aedes mosquitoes in her residence proved futile as her six-year son was infected by dengue on Monday. Ms Banu, the mid-age lady - residing in the city's Mirpur Arambag area, was in search of O+...

Dhk-Sylhet highway expansion likely from December

MUNIMA SULTANA | 2022-10-25 00:00:00

Dhaka-Sylhet highway-widening work is likely to be another pain for commuters as the authorities concerned are going to start the first 35-kilometre work before exhausting peripheral activities.To this effect, the Roads and Highways Department (RHD) signed two contracts with two...

IPDC profit drops 18pc, driven by subdued stock market, higher provision

BABUL BARMAN | 2022-10-25 00:00:00

IPDC Finance Ltd has reported an 18 per cent year-on-year fall in its net profit in the third quarter of 2022, mainly due to higher provision against loans and a decline in income from the stock market.The capital market is...

Meloni, Italy's first female prime minister

Syed Fattahul Alim | 2022-10-25 00:00:00

Italy has its first female prime minister, Giorgia Meloni. And hers will also be Italy's first far-right government after the World War II. This firebrand, far-right, 45-year-old leader who founded the party just a decade back, has made history by...

Prioritisation of local private sector in logistics policy

S A Taleb | 2022-10-25 00:00:00

Port logistics play a crucial role in trade facilitation. Without improved logistics, development of a country is unthinkable. Bangladesh, which is poised to be a middle income country in near future, have advanced much in port logistics in the last...

RHD to sign deals with China-BD JV cos today

MUNIMA SULTANA | 2022-10-24 00:00:00

The long-awaited Dhaka-Sylhet Highway four-lane project work is likely to start -- nearly seven years after its feasibility study -- with selection of two China-Bangladesh joint-venture (JV) companies for expanding the country's second- most important artery.The Roads and Highways Department...

NBR's Q1 revenue collection grows 16pc

DOULOT AKTER MALA | 2022-10-24 00:00:00

The country's internal tax revenue collection grew by nearly 16 per cent (year-on-year) in the first quarter (Q1) of the current fiscal year despite posting a shortfall of Tk 40.74 billion against the target.The National Board of Revenue (NBR) collected...

Refiners seek duty cut on raw sugar imports

REZAUL KARIM | 2022-10-24 00:00:00

Refiners have demanded of the government to withdraw all duties on import of raw sugar due to skyrocketed prices of sugar in the local market.They also requested ensuring uninterrupted supply of gas to their production units so that they could...

Stocks' volatility eats up govt earnings from DSE

BABUL BARMAN | 2022-10-24 00:00:00

The government's revenue earnings from the Dhaka Stock Exchange dropped 33 per cent year-on-year to Tk 881 million in the first quarter of the current fiscal year, owing to a decline in turnover and share sales by sponsor-directors. "Sluggish trading...

Redressing the basic faults in transport sector

Neil Ray | 2022-10-24 00:00:00

On the eve of the National Road Safety Day, the chairman of the Bangladesh Road Transport Authority (BRTA) remarked that his organisation has not enough manpower to make a nation of 170 million people comply with the road safety rules...

Protecting the low-income group

Syed Fattahul Alim | 2022-10-24 00:00:00

As the US dollar continues to rocket up, world's other currencies are tanking. This is driving up the prices of goods and services everywhere. In Bangladesh, the unrestrained price hike of essential commodities has been in large measure due to...

Bangladesh's graduation from LDCs category

Sharifa Khan and Gwyn Lewis | 2022-10-24 00:00:00

While Bangladesh, Lao PDR, and Nepal are three very different countries, they face the same uncertain world and are managing the consequence of the Covid-19 pandemic, the war in Ukraine, and escalating climate-related disasters. Despite their different socio-economic conditions, the...

Underground MRT

MUNIMA SULTANA | 2022-10-23 00:00:00

A joint venture of eight companies is set to work as the construction supervision consultant for the country's first underground metro rail project, which is expected to start soon. Sources said the land development work of the mass rapid transit...

Regulator to cancel registration of 35 MFIs

ISMAIL HOSSAIN | 2022-10-23 00:00:00

The country's microcredit regulator has made a move to cancel registration of 35 micro finance institutions (MFIs) for failing to submit audited reports to the regulator. They didn't file mandatory financial reports for fiscal year 2020-21 until the last date...

Inside information suspected behind abnormal ups and downs of stock prices

Mohammad Mufazzal | 2022-10-23 00:00:00

Quick stock price hikes before corporate declarations and then a slide just as swiftly after disclosures are the fallouts of trading based on insider information, sources in the capital market say. The intention to make rapid capital gains also prompts...

Regulatory delay in publishing FSR

Asjadul Kibria | 2022-10-23 00:00:00

It goes without saying that risks to financial stability have increased across the world in the midst of the highest inflation in decades. The ongoing Russian war in Ukraine has ramped up the risks as the negative impact of war...