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Customs fear abuse by BIN-locked firms

Doulot Akter Mala | 2021-04-07 00:00:00

The customs bond authority has suspended some 700 bond licences of export-oriented units in recent times.The suspension was put into effect after detecting irregularities of various types, one being non-submission of details of annual export-import activities by the licence holders.The...

Railway weighs Dhirasram depot dev under PPP

MUNIMA SULTANA | 2021-04-07 00:00:00

The Bangladesh Railway is reconsidering implementation of the Dhirasram Inland Container Depot development project under the public-private partnership (PPP) model to attract investment from a foreign firm.Officials said the Dubai-based DP World was interested in investing $1.2 billion in port,...

REHAB member list gets shorter by 135

ISMAIL HOSSAIN | 2021-04-07 00:00:00

Real estate companies with a lower capital base are disappearing from the scene as the sector has turned capital-intensive over the years.As many as 135 firms did not renew membership with their association, the Real Estate and Housing Association Bangladesh...

Giving everyone a fair shot

David Amaglobeli, Vitor Gaspar, and Paolo Mauro | 2021-04-07 00:00:00

The Covid-19 pandemic is intensifying the vicious circle of inequality. To break this pattern and give everyone a fair shot at prosperity, governments need to improve access to basic public services-such as health care (including vaccination) and education-and strengthen redistributive...

Funding the recovery of low-income countries after Covid

Guillaume Chabert, Robert Gregory, and Gaelle Pierre | 2021-04-07 00:00:00

Many of the poorest countries in the world are facing the threat of a weak recovery, and setback in their development path.In our paper, Macroeconomic Developments and Prospects In Low-Income Countries-2021, we estimate that low-income countries will need around $200...

Covid clouds Q4 revenue collection

DOULOT AKTER MALA | 2021-04-06 00:00:00

The government's tax revenue collection efforts, economists have feared, might face a setback in the final quarter (April-June) of the current fiscal year (FY) because of the latest lockdown. The government has only recently downsized the tax receipt target for...

Data-driven female leadership is key

Prabhjot R Khan and Mitali Nikore | 2021-04-06 00:00:00

"Women in Leadership," the theme of the 2021 International Women's Day celebration, raised two big questions: What will leadership look like in the wake of Covid-19, and why do we need more female leaders?It's easy to answer the first question....

Protectionism is damaging to vaccine production

Okonjo-Iweala | 2021-04-06 00:00:00

Let me start with the story of the container ship that blocked the Suez Canal for nearly a week. We all saw that hundreds of ships were backed up in a traffic jam. Others went around the Cape of Good...

Positive attitude to create a culture of savings

Md Shamsul Arefin | 2021-04-06 00:00:00

Most of us think that we must earn a hefty income for us to have some savings after meeting all expenses. The truth is that there is never going to be enough money to save automatically without knowing the art...

Changing currency holding patterns during the pandemic

Md Ezazul Islam and Md Rashel Hasan | 2021-04-06 00:00:00

Currency in circulation (CIC) issued by Bangladesh Bank (BB) increased sharply by 22.13 per cent in FY20 compared to 9.97 per cent growth in FY19. Currency outside of Bank (COB) holding by the household or broadly, currency demand also rose...

Slow-healing scars: The pandemic's legacy

Sonali Das and Philippe Wingender | 2021-04-05 12:00:00

Recessions wreak havoc and the damage is often long-lived. Businesses shut down, investment spending is cut, and people out of work can lose skills and motivation as the months stretch on. But the recession brought on by the Covid-19 pandemic...

Ctg traders fear loss of business

NAZIMUDDIN SHYAMOL | 2021-04-05 00:00:00

CHATTOGRAM, Apr 04: With a fresh one-week nationwide lockdown being enforced from today to control the new Covid-19 wave in the country, traders in Chattogram fear a huge loss of their business, especially during the upcoming festivals like Bangla New...

NBR moves to frame spl VAT payment policy

Doulot Akter Mala | 2021-04-05 00:00:00

The National Board of Revenue (NBR) has moved to frame a special VAT payment policy for the sales and marketing of imported reconditioned vehicles in order to resolve complexities relating to fiscal measures.The VAT policy wing of the NBR recently...

An unfolding ominous spectre

Neil Ray | 2021-04-05 00:00:00

The unfolding spectacle of the pandemic now looks more ominous than ever before. Any hope that the year 2021 will be better than the previous year has already been dashed. Bangladesh, like European countries in particular and some of its...

A good omen for startups

Shamsul Huq Zahid | 2021-04-05 00:00:00

It is a piece of good news that the central bank has formulated a policy on financing the startups that are lately emerging at a fast pace. There are success stories involving a few startups, including one having a valuation...

Understanding human mobility with mobile phone data

Irina Bernal, Tanja Sejersen, Titi Kanti Lestari and Karoly Kovacs | 2021-04-04 00:00:00

Understanding human mobility and migration patterns caused by economic distress or a career move, escape from political turmoil or violence, natural disasters, or tourism require access to timely and reliable data for an adequate policy response. Most recently, the Covid-19...

FTA studies galore, but no deal yet

SYFUL ISLAM | 2021-04-03 00:00:00

Bangladesh examined the viability of striking free trade agreements (FTAs) with nearly two and a half dozen countries in the last decade, but it did not sign single deal.Officials concerned have attributed the non-signing of any deal to the absence...

A recipe for a developed country

Abul Quasem Haider | 2021-04-03 00:00:00

The present government has been making its tireless efforts for last several years with a view to building Bangladesh as a developed and resourceful country and it is trying to go forward with various plans with this end in view....

Taking women on board

Syed A Mamun and Alima Aktar | 2021-04-03 00:00:00

A Board of Directors (hereafter, Board) is one of the most important internal corporate governance instruments. The main responsibilities of the Board are to monitor management to minimize any conflict of interests between shareholders and managers, and to provide strategic...

A different approach to the problem of stray dogs

Nilratan Halder | 2021-04-03 00:00:00

In the early 60's when we were students of lower classes, our Bangla textbook had a beautiful story about the faithfulness of a dog. On a steamer journey, a family's youngest member slipped into the river and was at risk...

Learning loss our children suffered

Syed Fattahul Alim | 2021-04-03 00:00:00

Of the many harmful consequences of the pandemic on society and economy, the most damaging one is the foundational leaning loss it is causing to our future generation.By foundational learning is meant the linguistic and mathematical abilities children acquire during...

Institutionalising a compensation system for work-related injury and illness

Hasnat M Alamgir | 2021-04-03 00:00:00

Bangladesh has very recently introduced an employment injury insurance (EII) pilot scheme to ensure that workers receive medical treatment and rehabilitation services, along with cash allowances for their wage loss arising from work-related injuries and illnesses. The pilot run that...

The rise of teenage gangsterism

Nilratan Halder | 2021-04-02 12:00:00

Unabated turf wars between rival teenage gangs or flexing muscles by a gang where there is no rival in order to demand esteem from others living in or passing the areas under its control have become a cause for serious...

Govt may appoint business consultants in mkts abroad

Rezaul Karim | 2021-04-02 00:00:00

The government has initiated a process to appoint business development consultants in different countries to help boost exports through diversification of market, officials said.They said such consultants would be posted first in two developed countries - USA and Japan -...

Economic issues in an elaborated frame

Asjadul Kibria | 2021-04-02 00:00:00

Economic issues are critical and complex. For the policymakers, it is always challenging to deal with these complex issues, especially in a developing country like Bangladesh, where the informal portion of the economy is significant. Nevertheless, as the country is...

Close to breaking point?

Shamsul Huq Zahid | 2021-04-02 00:00:00

One year is not too small a period to learn from mistakes. Yet for the Bangladesh authorities, responsible for tackling a pandemic like Covid-19, the time appears to be not enough. Maybe, they were not interested in learning. On March...

Leaders . . . in their history moments

Syed Badrul Ahsan | 2021-04-02 00:00:00

Images of some of the more incredible of moments in history all too often shape, indeed define our sense of history. It is experience that is both individual and collective. In an era --- and we mean the twenty-first century...

Exporters seek interim solution until re-fixation

DOULOT AKTER MALA | 2021-04-01 00:00:00

Apparel exporters have sought an interim arrangement to get rid of hassle and penalty of the customs authority until re-fixation of the minimum limit of wastages in manufacturing knitwear.They alleged unusual hassle, suspension of bonded warehouse licence and other problems...

Scrap cargoes unberthed at Ctg port

NAZIMUDDIN SHYAMOL | 2021-04-01 00:00:00

CHATTOGRAM, Mar 31: Local steelmakers are in a tight corner for failing to unload imported scrap for adequate berths at Chittagong port, thus causing higher prices of rod and steel goods.The ships loaded with scrap are waiting at the outer...

Reviving the insurance sector

Helal Uddin Ahmed | 2021-04-01 00:00:00

Among the three actors in the financial market of Bangladesh - banks, stock markets and insurance - the latter appears to be lagging far behind in terms of institutional cum market growth. Its regulator - the 'Insurance Development and Regulatory...