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Stocks slump as selloffs intensify

BABUL BARMAN | 2022-10-22 00:00:00

Stocks tumbled in the outgoing week to Thursday, after trading sideways for the last six weeks, as investors raced to dump their holdings, unnerved by ongoing economic uncertainty.Of the five trading days during the week, the first four sessions suffered...

Saving freshwater small indigenous fish species

Nilratan Halder | 2022-10-22 00:00:00

This deltaic low land has been home to innumerable species of sweet water fish. So rice and fish have been the two most popular food items to define the Bangalee's Bangaleeness. But many of the fish species of natural water...

Employers need to promote employee health in BD

Hasnat M Alamgir | 2022-10-22 00:00:00

Evidence accumulated over the past few decades shows that well-designed workplace health promotion programmes founded on evidence-based principles can achieve positive health outcomes for employees and yield higher economic returns for employers.Workplace health promotion programmes (WHP) are coordinated and comprehensive...

Move to revamp 14 DEMU trains

MUNIMA SULTANA | 2022-10-21 00:00:00

A move has been made to overhaul 14 DEMU trains that have remained inoperative for years as one set has been repaired using local expertise at Tk 5.0 million only.Official sources said the Chinese supplier company sought Tk 50 million,...

Square Pharmaceuticals to give 100pc cash dividend

Mohammad Mufazzal | 2022-10-21 00:00:00

Square Pharmaceuticals has recommended cent per cent cash dividend for the second time in its history with the country's bourses.Its sales grew significantly in the year ending June 30, 2022 "due to the quality of the drugs [manufactured by Square]...

Gemini Sea Foods fails to lure investors after 40pc dividends

BABUL BARMAN | 2022-10-21 00:00:00

Gemini Sea Foods suffered a big jolt to become the top loser on the Dhaka Stock Exchange yesterday after it declared 40 per cent dividend as records show an impressive 17 times year-on-year growth in profits in the year ending...

University rankings put education in global perspective

Nilratan Halder | 2022-10-21 00:00:00

After the Quackquarelli Symonds university ranking for the year 2023 published in June last, comes the Times Higher Education (THE) university ranking. Just released, the THE ranking has certainly been a mixed bag of good and bad tidings. It is...

Nobel Prize in Economics 2022

M Kabir Hassan and Mohammad Dulal Miah | 2022-10-20 12:00:00

The Nobel Prize in Economics in 2022 was jointly awarded to Ben S. Bernanke, Douglas W. Diamond, and Philip H. Dybvig for their path breaking work on the role of banks in economic progress by facilitating financial intermediation. The seminal...

Import of bovine meat

REZAUL KARIM | 2022-10-20 00:00:00

India has requested Bangladesh to withdraw supplementary duty on import of frozen boneless bovine meat as the protection measure goes beyond the spirit of SAFTA (South Asian Free Trade Area) agreement. The measure to protect the domestic meat production is...

Railway gets only three projects since 2020

MUNIMA SULTANA | 2022-10-20 00:00:00

The railway has got the nod to only three new projects for execution since the countrywide spread of coronavirus in March 2020, reflecting a budget crunch.However, experts think that the sector must get priority considering the government's target to diversify...

Accords soon for nosing out tax-dodgers

Doulot Akter Mala | 2022-10-20 00:00:00

Now the tax authority moves to nose out tax-dodgers through crosschecking power-and gas-usage data of individuals and companies by partnering distributors of the two key utilities-after shelving invasive scrutiny of corporate financials. To this end, sources say, the National Board...

Heidelberg Cement incurs loss for three quarters straight

BABUL BARMAN | 2022-10-20 00:00:00

Rising costs of raw materials and freight charge brought down sales of Heidelberg Cement Bangladesh Ltd, inflicting a loss of Tk 36.02 million in the third quarter this year. The company suffered a loss of Tk 108 million in the...

Unilever Consumer Care grows riding on price hikes, efficiency

Mohammad Mufazzal | 2022-10-20 00:00:00

Unilever Consumer Care has reported 15 per cent growth in the earnings per share (EPS) for July-September (Q3), 2022 compared to the same period in the previous year, riding on price hikes and operational efficiencies.The company's one-off benefit also played...

Breakwater for Bay Terminal

Nazimuddin Shyamol | 2022-10-20 00:00:00

CHATTOGRAM, Oct 19: Chittagong Port Authority (CPA) has signed an agreement with foreign and local companies to select an international consultancy firm for a detailed engineering design of breakwater for its Bay Terminal.The deal was signed with Sellhorn Ingenieurgesellschaft mbH,...

Our villages ... in need of rejuvenation

Syed Badrul Ahsan | 2022-10-20 00:00:00

Our villages are in need of rejuvenation, in every sense of the meaning. In our race toward urbanization, an experiment which has often led to cities being unable to cope with the innumerable pressures brought on by projects and by...

NBR skips big tax fair this year too

DOULOT AKTER MALA | 2022-10-19 00:00:00

The revenue board will not host large-scale tax fair in Dhaka city this year too ahead of the deadline for submission of tax returns by individual payers.Instead, the National Board of Revenue (NBR) will go for festive decorations in their...

Clouds clear over float glass export

REZAUL KARIM | 2022-10-19 00:00:00

India is unlikely to take any anti-dumping measure against Bangladeshi clear float glass (CFG) as the Indian investigations found the dumping allegations were not based on fact, official sources here said.Although the Directorate General of Trade Remedies (DGTR) of India...

Flying debut of Navana Pharma as investors' hopes hinge on the sector

BABUL BARMAN | 2022-10-19 00:00:00

Navana Pharmaceuticals made a flying debut on Tuesday on the bourses as its share price hit the upper limit circuit breaker amid much hype among investors.The share price jumped 10 per cent, or Tk 2.40 each, to close at Tk...

‘Dui Diner Duniya’ - an interesting story fails to hit the spot

Shadique Mahbub Islam | 2022-10-19 00:00:00

Dui Diner Duniya, a supernatural road thriller directed by Anam Biswas, the famed director of ‘Debi,’ and written by Ashraful Alam Shao, has been available on the OTT platform Chorki since October 16. The film has created much buzz in...

Domestic revenue mobilisation

DOULOT AKTER MALA | 2022-10-18 00:00:00

The revenue authority does not have any specific fund allocation for spending on information communication technology (ICT), creating an uncertainty over timely execution of its digitization initiatives.Officials said the digitization initiatives of the National Board of Revenue (NBR) are, however,...

Metro rail likely to open on Dec 16

MUNIMA SULTANA | 2022-10-18 00:00:00

The long wait for the country's first-ever metro rail is likely to go on December 16 as its opening may be timed to coincide with the celebration of Victory Day.The elevated train targets to operate from Uttara to Agargaon with...

Wind of change over telecom network business

Ismail Hossain | 2022-10-18 00:00:00

A wind of change may reorder telecommunications-network business in Bangladesh as a new policy in the making will open the sector to foreign investment and put local entrepreneurs to quality test.Sources say the transition involves some initial pains, as the...

Apex Foods plummets amid selling pressure to avoid loss

Mohammad Mufazzal | 2022-10-18 00:00:00

Apex Foods topped the list of the losers on Monday just after reporting a whopping 148 per cent growth in earnings per share (EPS) and 20 per cent cash dividend for the fiscal 2021-22. The stock fell 13.68 per cent,...

Conflict resolution: re-inventing the role of UN

Hasnat Abdul Hye | 2022-10-18 00:00:00

For the umpteenth time, the United Nations (UN) passed a resolution condemning Russian invasion of Ukraine last week. It was not unanimous, with 45 countries abstaining and five casting their votes against the resolution. Even if it was unanimous the...

Tackling dengue menace

Syed Fattahul Alim | 2022-10-18 00:00:00

The number of dengue patients in the hospitals across the country is on the increase. According to the Directorate General of Health Services (DGHS), so far more than 25,000 dengue patients have been admitted to different hospitals in the country...

Corporate-taxmen compromise

Doulot Akter Mala | 2022-10-17 00:00:00

Revenue authorities, finally, have softened their stance on an ‘intrusive’ verification of financials of large taxpayers on an overriding question of privacy and business secrets of companies, sources say. The business biggies may have to share the requisite data or...

Geriatric day-care centre

Nilratan Halder | 2022-10-17 00:00:00

The inauguration of the country's first geriatric day-care centre at the BIRDEM (Bangladesh Institute of Diabetes, Endocrine and metabolic Disorders) could not come at a more appropriate time. Developed countries, Japan in particular, have long witnessed the increase in the...

Perfect storm brewing

Syed Fattahul Alim | 2022-10-17 00:00:00

Of late, the world media has been awash with Russia-Ukraine war, which is being blamed for all the current economic and financial crises across the globe. This is for obvious reason. Skyrocketing fuel oil, natural gas and food prices, instability...

$230b plan up for passage

DOULOT AKTER MALA | 2022-10-16 12:00:00

A 27-year comprehensive plan involving $230 billion to combat adverse impacts of climate change in Bangladesh is set to be placed before the cabinet shortly.The draft plan styled 'National Adaptation Plan (NAP) 2023-2050' entails a detailed outline to attract both...

Promoting education through funding

Helal Uddin Ahmed | 2022-10-16 12:00:00

Educational funding is an option available to pupils worldwide for supporting their education financially through various schemes and methods. It can be provided by both public and private sector entities, as well as through individual engagements or involvements like part-time...