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DSEX hits nearly four-month high

BABUL BARMAN | 2022-09-10 00:00:00

Stocks extended their winning streak for a fourth straight week, with the benchmark equity index hitting a nearly four-month high, as investors renewed their appetite for selective large-cap stocks amid high optimism ahead of the dividend season.Of the five trading...

Including IT in literacy programmes

Syed Fattahul Alim | 2022-09-10 00:00:00

Bangladesh needs to have its policies right in a world that is constantly in a state of flux. Though the world, so far as big power politics is concerned, has always seen changes, those cannot be compared to what is...

Care provisions and needs of Bangladesh's aging population

Hasnat M Alamgir | 2022-09-10 00:00:00

As life expectancy increases in Bangladesh, concern also raises on how to organise and provide personal and healthcare services for them. Rapid urbanisation, high-rise apartment living, greater formal sector labour force participation by both spouses, disintegration of joint families, and...

No decision yet on contractor's fate

MUNIMA SULTANA | 2022-09-09 00:00:00

The Roads and Highways Department (RHD) is yet to take any decision on the fate of the Chinese contractor that is allegedly responsible for an accident on August 15 last on a construction site of BRT project in Uttara in...

Corporates lagging behind extended deadline

DOULOT AKTER MALA | 2022-09-09 00:00:00

Tax authorities go lenient to facilitate corporate taxpayers in submitting genuine tax returns scanned through document verification system (DVS), billed as a failsafe device against the doctoring of company financials.Companies are allowed to file their tax returns for fiscal year...

Rate caps coming on dollar to manage forex market

SIDDIQUE ISLAM | 2022-09-09 00:00:00

Bangladesh's commercial banks are going to fix varied uniform rates for importers, exporters and overseas exchange houses to help manage the ongoing foreign-exchange volatility.Under the proposed rates, all the authorized dealer (AD) banks will offer maximum Tk 108 per dollar...

Allowing DAP to take effect now or never

Nilratan Halder | 2022-09-09 00:00:00

With the publication of the gazette notification for the 20-year (2016-2035) Detailed Area Plan (DAP), Dhaka city stands a chance---perhaps for the last time---to leave behind its infamous tag of a most unliveable city at the top of the global...

ERL's second unit project in slow lane

NAZIMUDDIN SHYAMOL | 2022-09-08 00:00:00

CHATTOGRAM, Sept 06: Uncertainty has gripped a project meant for installing the second unit of the state-owned Eastern Refinery Limited (ERL) due to delaying tactics.The project to build the second unit of the ERL in order to increase the refining...

NBR opens digital system to verify tax return slips

DOULOT AKTER MALA | 2022-09-08 00:00:00

The National Board of Revenue (NBR) has launched a digital system to verify the authenticity of tax-return submission and expedite service delivery by the authorities concerned.Its income-tax wing officially opened up the 'tax return verification module' on August 21 last,...

Six more banks to explain dollar price distortion

SIDDIQUE ISLAM | 2022-09-08 00:00:00

The central bank seeks explanation from six more banks over their alleged involvement in bagging windfalls from 'unethical' dollar dealings, which hit all in knock-on impact, officials said Wednesday.The managing directors (MD) and chief executive officers (CEOs) of five private...

Gorbachev . . . and tales of statesmanship

Syed Badrul Ahsan | 2022-09-08 00:00:00

In death, decades after he made his way out of power, Mikhail Gorbachev is the subject of discussion in the West, which has gone into binge celebrations of his role in ending the Cold War and with that the collapse...

Right policies can protect the workers

Armida Salsiah Alisjahbana | 2022-09-08 00:00:00

Most of the 2.1 billion strong workforce in Asia and the Pacific are denied access to decent jobs, health care and social protection but there is an array polices and tools that governments can use to remedy these deficiencies and...

BB eases rules on export proceeds

SIDDIQUE ISLAM | 2022-09-07 00:00:00

Authorized dealer (AD) banks can retain value-added portion of export proceeds for 30 days instead of 15 days under a further relaxation of rules, for propping up Bangladesh's forex reserves. The central bank relaxed its regulations again on the encashment...

Import clearing hops over 25-32 stops

DOULOT AKTER MALA | 2022-09-07 00:00:00

Import clearing needs to hop over 25-32 stops at major ports in Bangladesh for lack of coordination among authorities, says a study report, thus slowing delivery of goods.Importers have to complete import-clearing process passing through 32 steps at Chattogram seaport...

Climate crisis: a balance of payments perspective

Chenlin Li and Chua Shu Yi | 2022-09-07 00:00:00

The Earth's average temperature has warmed by about one degree (10) Celsius above pre-industrial levels, according to the most recent data by NASA. This change, although seemingly insignificant, has translated into a rapid global torrent of climate abnormality, followed by...

Finance ministry bins Basic Bank's recruitment plan

SYFUL ISLAM | 2022-09-06 00:00:00

BASIC Bank, the scam-hit government bank, considers creating more than a thousand new posts in its organogram, but the finance ministry has found the recruitment plan "not feasible", considering its overall state of affairs.The bank has recently sought 'no objection'...

External sector volatility eases on austerity

SIDDIQUE ISLAM | 2022-09-06 00:00:00

Austerity works as Bangladesh's import orders dropped nearly 24 per cent or US$1.77 billion in August following regulatory measures to ease pressure on the economy from forex crunch, officials said.The opening of letters of credit (LCs), generally known as import...

PM approves metro rail fare policy

MUNIMA SULTANA | 2022-09-06 00:00:00

Metro-rail fare has been set at Tk 5.0 per kilometre per ride, more than double the bus fare and less than half the fare declared for auto-rickshaws.Prime Minister Sheikh Hasina approved the fare policy for Mass Rapid Transit Line-06 (MRT-06)...

WB likely to invest in Bay Terminal project: Officials

NAZIMUDDIN SHYAMOL | 2022-09-06 00:00:00

CHATTOGRAM, Sept 05: The World Bank has expressed its interest to invest in the under-construction multi-billion taka Bay Terminal project, an official at the Chittagong Port Authority (CPA) said on Monday. The official seeking anonymity as he was not authorised...

What's next for Sri Lanka?

Syed Fattahul Alim | 2022-09-06 00:00:00

After 51 days' self-exile, the ousted president of Sri Lanka has returned home. He is learnt to have received warm welcome at the Colombo's Bandaranaike International Airport on Friday (Sept 02).Evidently, the incumbent president Ranil Wickremesinghe has overseen Gotabaya's safe...

NBR moves to draft ICD policy

DOULOT AKTER MALA | 2022-09-05 00:00:00

Businesses involved in the clearance of export-import goods are divided over the existing two policies for setting up and operations of off-docks.Shipping agents prefer the policy framed by the Ministry of Shipping in 2016, while private off-dock operators find the...

BB quizzes 27 banks on excess dollar lending

SIDDIQUE ISLAM | 2022-09-05 00:00:00

The central bank has sought explanation from 27 banks for providing the US dollar to 71 customers allegedly beyond the approved international credit-card limit.The managing directors (MDs) and chief executive officers (CEOs) of the banks have been asked to submit...

SPM may go into operation in Dec

NAZIMUDDIN SHYAMOL | 2022-09-05 00:00:00

CHATTOGRAM, Sept 04: Construction of the Single Point Mooring (SPM) in Moheshkhali, aimed at offloading imported fuel oils and petroleum products at reduced cost and time, is likely to end this year as 88 per cent works have been completed....

When soap, shampoo and tooth paste are luxury items

Neil Ray | 2022-09-05 00:00:00

There seems to be a spree of frolicking with prices of essentials, less essential and luxury goods people have become accustomed to using. With improvement in the economic condition, even the poor and marginal people have long started setting aside...

Challenges of a win-win CEPA with India

Asjadul Kibria | 2022-09-04 00:00:00

For the last two decades, several measures taken by Bangladesh and India to reach a free-trade agreement (FTA) to enhance bilateral trade have lost way. The two next-door neighbours are, however, yet to sign any FTA although bilateral trade has...

Spadework on for CEPA deal signing with India

REZAUL KARIM | 2022-09-03 00:00:00

With feedbacks from the country's apex trade body, Bangladesh begins spadework on a hold-all economic-partnership deal with India by securing its privileged market access. The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) recently submitted its recommendations to the...

Govt looks to double allotment for hospitals

SYFUL ISLAM | 2022-09-03 00:00:00

With prices of the essential commodities soaring, the government hospitals are likely to get their allocations doubled for providing food to the non-Covid or general patients, officials said.The Ministry of Finance (MoF) is considering a proposal of the Directorate of...

Stocks keep rising, shaking off worries

BABUL BARMAN | 2022-09-03 00:00:00

Stocks extended the winning streak for a third straight week, as investors keep buying major sector stocks, shaking off fears about economic uncertainty.All the five trading days this week ended higher, thanks to higher participation of general investors.DSEX, the benchmark...

Is the young generation becoming robotic?

Nilratan Halder | 2022-09-03 00:00:00

One common complaint against the young generation is that it is growing tech-savvy at the cost of emotional attachment, susceptibility and the overall quality of heart. In other words, young people are becoming increasingly impersonal and robotic. The majority of...

Knowledge gap on RMG workers' occupational health

Hasnat M Alamgir | 2022-09-03 00:00:00

The disasters including a fire incident that killed 112 workers and a factory collapse killing 1122 workers provoked widespread calls for improved workplace safety measures in Bangladesh's garment industry. It also focused global attention on the low wages, benefits, and...