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India seeks regular transit

SYFUL ISLAM | 2021-01-23 12:00:00

India has sought permission to start using the two Bangladesh seaports at Chittagong and Mongla for regular transit of cargoes destined for its north-eastern states, officials say.The neighbouring country is seeking the facility almost six months after holding a trial-run...

BTRC to hold virtual public hearing in Feb

ISMAIL HOSSAIN | 2021-01-23 00:00:00

The Bangladesh Telecommunication Regulatory Commission (BTRC) is planning to hold a virtual public hearing to listen to people's complaints on the quality of services of its licensees. According to the BTRC, the virtual public hearing will be held next month...

Girl students suffer virus blow

DOULOT AKTER MALA | 2021-01-23 00:00:00

Prolonged school closure continues to take its toll on the adolescents as many of them think they may not go back to school anymore for various reasons.They have cited a gap in learning, household economic crisis and early marriage as...

Tk 11.41b sought to pay interest

REZAUL KARIM | 2021-01-23 00:00:00

The Bangladesh Frozen Foods Exporters Association (BFFEA) has sought a block allocation of Tk 11.41 billion for 48 running units to pay bank liabilities.The promising frozen food sector is now in a tight corner due to the Covid-19 pandemic, sources...

Pvt ICDs run at half of capacity

Doulot Akter Mala | 2021-01-23 00:00:00

Around 50 per cent capacity of the country's 19 private inland container depots has remained unutilised as the government allows them to handle a limited number of imported products, industry insiders said.Currently, the private ICDs, known as off-docks, handle 22...

BB wants compliance by banks' top notches

Siddique Islam | 2021-01-23 00:00:00

The central bank has extended the date of submitting statement on relations with family and other types of businesses by the directors and top executives to their boards of directors by February 28.The Bangladesh Bank (BB), at the same time,...

Stocks snap seven-week winning streak

BABUL BARMAN | 2021-01-23 00:00:00

The stock market saw a correction in the outgoing week, snapping a seven-week winning streak, as risk-averse investors chose to book quick profit on large-cap stocks.Week on week, the DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), went...

Indian farmers on the frontline against global capitalism

Colin Todhunter | 2021-01-23 00:00:00

In a short video on the empirediaries.com YouTube channel, a protesting farmer camped near Delhi says that during lockdown and times of crisis farmers are treated like "gods", but when they ask for their rights, they are smeared and labelled...

Surprises from nowhere

Syed Fattahul Alim | 2021-01-23 00:00:00

Bangladesh is soon going to be among the countries starting their vaccination programmes early. There is a lot of optimism as well as pessimism among the people about the upcoming anti-Covid-19 immunization programme in Bangladesh. Meanwhile, the social media has...

Travel ban delays train procurement from Japan

Munima Sultana | 2021-01-22 00:00:00

The Dhaka Mass Transit Company Ltd (DMTCL) has again changed its rescheduled plan to bring the first set of readymade trains for mass rapid transit (MRT) line-6 from Japan.The plan has been changed as it could not send an inspection...

Railway caps container weight

SYFUL ISLAM | 2021-01-22 00:00:00

The Bangladesh Railway has asked the shippers not to carry by train the overloaded containers anymore to and from Chattogram and Dhaka as it takes more journey time and damages Bogie Flat Container Track (BFCT) wagons.It said a 40-foot container...

Spoiling market spontaneity

Shamsul Huq Zahid | 2021-01-22 00:00:00

The present hierarchy of the Bangladesh Securities and Exchange Commission (BSEC) has earned plaudits for its good work in restoring discipline in the stock trading. It has taken a few harsh measures against errant companies and their sponsor directors, streamlined...

Why village schools can be opened

Nilratan Halder | 2021-01-22 00:00:00

Is it time to open schools? To go by the interim Education Watch Report 2020-21 released by the Campaign for Popular Education (CAMPE), schools should now be opened, or at least this is what the majority of students, parents and...

When the Commander-in-Chief becomes Insurrection Chief

Abdur Rahman Chowdhury from Falls Church, Virginia, USA | 2021-01-22 00:00:00

Donald Trump's defeat in the presidential election did not come as a surprise. His isolation in the international community, his tirade against the minorities, his deep bonds with the extremist outfits and white supremacists and inept handing of the pandemic...

Does stimulus fuel inflationary pressure?

Asjadul Kibria | 2021-01-22 00:00:00

The government has announced another round of stimulus packages to support the cottage, small and medium enterprises (CSMEs) and poor people who are negatively affected during the pandemic. For the CSMEs, the government has allocated Tk 15.0 billion while for...

NBR clarifies re-export rule

Doulot Akter Mala | 2021-01-21 00:00:00

The National Board of Revenue's (NBR) Customs Wing has given permission to re-export fertiliser to Nepal after importing it from China, under entrepot trade, imposing a condition of 10 per cent local value addition.The Customs Wing (international trade and agreements),...

Liquidity glut could fuel inflation: BB

SIDDIQUE ISLAM | 2021-01-21 00:00:00

The surplus liquidity in the banking system might fuel inflationary pressure in the country in the near future, the Bangladesh Bank (BB) has said in its just-published annual report for the fiscal year 2019-20. "Excess liquidity stemming from the stimulus...

Decade of healthy ageing

Helal Uddin Ahmed | 2021-01-21 00:00:00

The global population of 60 years and above crossed 1 billion in 2020, which represents about 13.5 percent of the total 7.8 billion. That figure is two and a half times greater than the number forty years ago, and is...

Power overcapacity in Bangladesh

Simon Nicholas | 2021-01-21 00:00:00

The Bangladesh Power Development Board's (BPDB) latest annual report for the year 2020 reveals that the nation's overall power system utilisation has fallen again in FY20 to just 40.0 per cent, down from 43.0 per cent in the previous year...

BB eases rules on foreign cos’ working capital loans

Siddique Islam | 2021-01-20 00:00:00

The central bank has relaxed its regulations, allowing foreign companies to avail short-term working capital loans for six years instead of three years from their parent companies or shareholders abroad.Under the revised rules, such borrowing will also be admissible for...

Meeting soon to control prices during Ramadan

REZAUL KARIM | 2021-01-20 00:00:00

The government is going for stocktaking of supplies and prices as part of its advance planning to keep the prices of essentials under control during Ramadan.Under the initiative, the government authorities will sit soon with its officials and stakeholders to...

Securing equal access to safe, effective vaccines

Ilze Brands Kehris | 2021-01-20 00:00:00

A year into the Covid-19 crisis, countries across the globe continue to face alarming levels of pressure on their health and social services. Education and other essential rights, such as water and sanitation, have been severely compromised.Inequalities and poverty have...

Fiscal redistribution impacts on inequality in BD

Bazlul H Khondker and Md Jahid Ebn Jalal | 2021-01-20 00:00:00

A common characteristic of the currently pursued economic growth model is that it is often associated with increasing inequalities in income or consumption. Sustained economic growth in last three decade has been successful in reducing poverty in spite of rising...

Planned company-based bus service hits a snag

Munima Sultana | 2021-01-19 00:00:00

The planned company-based bus service on the Bosila-Motijheel route is going to be like that of the traditional trip-based services for not following the procedures of a joint venture company.Sources said the company is neither formed under the office of...

BTTC proposes VAT withdrawal

SYFUL ISLAM | 2021-01-19 00:00:00

Amid the skyrocketing prices of edible oils in the local market, a government body has suggested withdrawing value-added tax (VAT) to tame inflation.The Bangladesh Trade and Tariff Commission (BTTC) proposed that VAT be withdrawn at cooking oil production and trading...

RMG is rebounding after a setback

Tapash Chandra Paul | 2021-01-19 00:00:00

The economic growth of Bangladesh, to a certain extent, depends on the export of apparels which account for approximately 80.0 per cent of the country's total annual export earnings. It also constitutes about 11.17 per cent of the country's Gross...

Decoding the debt sustainability

Dalia Hakura | 2021-01-19 00:00:00

Countries incur debt by borrowing. Borrowing can enable countries to finance important development programs and projects-but, taken too far, the burden of debt repayment can overwhelm a country's finances, at worst leading to default.Elevated debt in low-income countries and emerging...

Menace of victim-blaming

Syed Fattahul Alim | 2021-01-19 00:00:00

Incidents of rape and rape-related deaths have been making frequent headlines these days. The very recent shocking death of a schoolgirl from Kalabagan area in Dhaka has again caused public uproar. Unfortunately though, despite the fact that the victim girl...

Movements of residential prices in Bangladesh

Nurnaher Begum, Mohammad Shahriar Siddiqui, Md. Ahsan Ullah and Sadia Sultana | 2021-01-19 00:00:00

Property price has appeared as a leading indicator for real economic activities and macro-prudential measures since global financial crisis of 2007-09 in both advanced and emerging market economies. House price indices are used as a benchmark by property owners and...

Africa: Where entrenched leadership blocks the future

Syed Badrul Ahsan | 2021-01-19 00:00:00

A prime reason why Nelson Mandela is venerated worldwide is his dedication to democratic principles. He spent twenty seven years in prison and then liberated South Africa from the pernicious political system that was apartheid. He will be remembered in...