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Intel agency warns against price hike in Ramadan

REZAUL KARIM | 2021-03-24 00:00:00

Issuing warning against the possible price hike of essential items during the upcoming holy month of Ramadan, a state intelligence agency made some recommendations including taking stern action against unscrupulous traders and hoarders.The special intelligence report suggested that the commerce...

Sino-US trade spat aids Japan firms in BD

MUNIMA SULTANA | 2021-03-24 00:00:00

The Japanese companies operating in Bangladesh have said the changes in the global trading environment, particularly due to the souring US-China trade relations, had a positive impact on their business. A survey conducted by the Japan External Trade Organisation (JETRO)...

Now type-B industries eligible for EDF loan

SIDDIQUE ISLAM | 2021-03-23 00:00:00

The central bank has relaxed its policy, allowing banks to provide foreign currency loan under its export development fund (EDF) scheme to joint venture readymade garment industries in export processing zones (EPZs)."It has been decided that EDF loan will be...

Realtors demand cancellation of height limit proposal

Ismail Hossain | 2021-03-23 00:00:00

The country's realtors have demanded cancellation of a proposal made for the height limit on new residential buildings in Dhaka city in the detailed area plan (DAP).They think such cap would hurt their business and make the capital city exclusive...

What happened in Noagaon?

Syed Fattahul Alim | 2021-03-23 00:00:00

The vandalism perpetrated by a mob against the residents of Noagon village in Shallaupazila in the country's northeastern district of Sunamganj on March 17 has drawn widespread attention and criticism from all sections of society. The spontaneous public protests and...

Fighting climate change -

Fighting climate change | 2021-03-22 12:00:00

Bangladesh is one of the countries in the world, which is directly affected by global warming and climate change. It is affecting ecosystem functioning, agriculture and food security, infrastructure, water resources and human health. The climate victims are paying extra...

Knowing reasons behind second wave of Covid-19

Neil Ray | 2021-03-22 00:00:00

A stark contrast between the maximum surge of coronavirus infection in the winter in Europe and America as against its drop during the colder months in Bangladesh should not escape notice. Now that the warmer weather is replacing winter, Bangladesh...

BSEC's high ambition amid odds

Shamsul Huq Zahid | 2021-03-22 00:00:00

The securities regulator has set an ambitious target. It wants to rope in at least half a dozen large local companies having an aggregate annual turnover worth $2.5 billion (more than Tk 212 billion) for listing on the bourses.Incumbent chairman...

What the Texas energy crisis means for Bangladesh's energy security

Sam Reynolds | 2021-03-22 00:00:00

The energy crisis in Texas has become world news. During extreme winter weather in February, surging electricity demand collided with falling generation, forcing the state's grid operator to implement rolling blackouts. At its peak, at least 4.5 million Texans were...

Launching of BRF unlikely on Apr 1

MUNIMA SULTANA | 2021-03-21 00:00:00

The single company-system bus service on the pilot Ghatarchar-Kanchpur route in the city is unlikely to be launched on April 1 as the stakeholders concerned could not yet complete necessary preparation.Officials said the existing operators of the route have now...

BB avoids gold despite value addition

SIDDIQUE ISLAM | 2021-03-21 00:00:00

Bangladesh's investment in the form of gold has gained value by over 37 per cent to reach around US$554 million over the last 10 years.The country's central bank, for the first time on September 07, 2010, had purchased 10 tonnes...

How RTAs can improve access to medical products during crises

Chi Le Ngo, Divya Prabhakar, Mingcong Li, Seul Lee and Taisuke Ito | 2021-03-21 00:00:00

Imported goods undergo multiple inspections for verification of conformity with the destination country's standards and regulatory requirements.When standards and regulations in the destination country differ from those in the home country, a situation commonly referred to as "regulatory divergence," there...

Foreign reserve for development work

Syed Fattahul Alim | 2021-03-20 12:00:00

The main use of a country's foreign reserve is to maintain liquidity to prevent inflation and meet any emergency as well as external obligations including clearing sovereign and commercial debts such as import bills. A sound foreign reserve position also...

Western Marine Shipyard seeks working capital to survive

Syful Islam | 2021-03-20 00:00:00

Once famed by introducing Bangladesh as a shipbuilding country, the Western Marine Shipyard is now languishing from capital crunch and is looking for fund to survive, officials said.The company last week appealed to the government to provide it with working...

UK urges Bangladesh to address trade barriers

REZAUL KARIM | 2021-03-20 00:00:00

The United Kingdom has urged Bangladesh to address the existing trade barriers and other structural problems to help attract more foreign direct investments including those from British companies."Foreign direct investment brings many benefits. And for Bangladesh, it will help achieve...

Essentials get dearer ahead of Shab-e-Barat, Ramadan in Ctg

Nazimuddin Shyamol | 2021-03-20 00:00:00

CHATTOGRAM, Mar 19: Key essential items, including edible oil, sugar, redmeat, chilly and rice became costlier at both retail and wholesale levels in the port city ahead of Holy Shab-e-Barat and Ramadan.Visiting different city markets on Friday, this correspondent found...

Stocks tumble amid panic-driven sell-offs

BABUL BARMAN | 2021-03-20 00:00:00

Stocks dipped in the outgoing week as panic-driven investors dumped their holdings amid fears of fresh wave of virus due to rising trend of Covid-19 infected patients in recent days.Week-on-week, the DSEX, the benchmark index of the Dhaka Stock Exchange...

Blue economy: The Bay fishermen's story

Md Nazmus Sadekin and Md Mazadul Hoque | 2021-03-20 00:00:00

Faruk, a fisherman from Japoria village of Hatia Island under Noakhali district, travels about 300 kilometres to catch fish in the Bay of Bengal. He enjoys the call of the blue water. He forgets about all the adversities of the...

Life of vendors in time of the pandemic

Nilratan Halder | 2021-03-20 00:00:00

It was a knee-jerk reaction initially when general holiday---a misnomer of lockdown ---was announced for restriction of people's movement. The hard-pressed segments of people were at the greatest disadvantage. Some well-off people also had to seek help from law enforcement...

SDGs can guide Asia-Pacific to build back better

Armida Salsiah Alisjahbana | 2021-03-20 00:00:00

The Covid-19 crisis poses an unprecedented threat to development in the Asia-Pacific region that could reverse much of the hard-earned progress made in recent years. The good news is we know how to tackle this challenge. Recovery from the pandemic...

BIDF: Words of caution deserve attention

Shamsul Huq Zahid | 2021-03-19 00:00:00

Prime Minister Sheikh Hasina early this week inaugurated the 'Bangladesh Infrastructure Development Fund (BIDF)' that enables the government to use a part of the country's foreign exchange reserve for bankrolling development projects. The Bangladesh Bank will put in an initial...

At the confluence of a centenary and a golden jubilee

Nilratan Halder | 2021-03-19 00:00:00

A centenary and a golden jubilee -- two different occasions but how intrinsically inseparable from each other! The two meet at the confluence of history. Hardly a nation is privileged to celebrate such an extraordinary meeting point of two events...

Syrian crisis slides to back burner but sufferings persist

Abdur Rahman Chowdhury from Falls Church, Virginia, USA | 2021-03-19 00:00:00

In March 2011 when Syria mired into civil war, Joe Biden, the then Vice President of the United States declared that "when a state engages into atrocity, it forfeits its sovereignty" and pledged unconditional support to the people targeted by...

Challenging trade partners' remedial actions

Asjadul Kibria | 2021-03-19 00:00:00

After trying for four years, Bangladesh has failed to make any progress on removal of Indian anti-dumping duties on Bangladeshi jute goods. The latest attempt also turned fruitless during the second week of this month when a commerce secretary level...

SBC, Biman at odds

SYFUL ISLAM | 2021-03-18 00:00:00

Two state entities---the Biman Bangladesh Airlines and the Sadharan Bima Corporation (SBC)--- are now caught in a row over sharing commission derived from reinsurance abroad, officials said.The national flag carrier claims that as the insurer the Biman itself is supposed...

VAT on LPG down to 7pc

DOULOT AKTER MALA | 2021-03-18 00:00:00

The National Board of Revenue (NBR) has decided to reduce VAT on Liquefied Petroleum Gas (LPG) to 7.0 per cent from the existing 15 per cent to make its prices affordable to the end-users.There will be 5.0 per cent VAT...

Rising market power and a threat to the recovery

Kristalina Georgieva, Federico J. Díez, Romain Duval, and Daniel Schwarz | 2021-03-18 00:00:00

The crisis has hit small and medium enterprises especially hard, causing massive job losses and other economic scars. Among these-less noticeable, but also serious-is rising market power among dominant firms as they emerge even stronger while smaller rivals fall away.We...

Covid woes for women

Helal Uddin Ahmed | 2021-03-18 00:00:00

Womenfolk in general are still reeling from the havoc wreaked by the Covid-19 pandemic in societies and economies across the globe. In fact, adverse impacts of the pandemic have been found to be much higher among women compared to men....

Bangladesh needs to eradicate its 'extreme data poverty'

Syed Abul Basher | 2021-03-18 00:00:00

During a recently invited lecture to a group of government employees from different ministries and public organisations, I suddenly had a sense of what it might be like if countries of the Indian subcontinent got back together again in new...

GI tagging of Mujib Coat

Asjadul Kibria | 2021-03-17 00:00:00

The nation is celebrating the golden jubilee of the independence of Bangladesh and the birth centenary of Bangabandhu Sheikh Mujibur Rahman with a lot of enthusiasm. Series of events have been undertaken marking the historic celebration. March 17, this year,...