Shamsul Huq Zahid | 2021-01-18 12:00:00
Prasanta Kumar Halder, known as P.K. Halder, reportedly, has transferred a part of the money he had siphoned off from several banks and financial institutions to India, Canada and Singapore. It is really difficult to say specifically how much money...
SIDDIQUE ISLAM | 2021-01-18 00:00:00
The interest rate spread increased slightly in November 2020, as the banks slashed their deposit rates more than the lending ones, bankers have said.The interest on deposit decreased at comparatively higher rates than that on credit in November, as the...
SYFUL ISLAM AND REZAUL KARIM | 2021-01-18 00:00:00
Amid serious concerns over bird flu outbreak in India, Bangladesh is set to ban import of any poultry item in the country. The office of the chief controller of imports and exports is expected to issue an order in this...
MUNIMA SULTANA | 2021-01-18 00:00:00
The Padma bridge project has surrendered about 51 per cent of its budget for fiscal year 2020-21, as it will not be possible to spend the entire amount before next June.Sources said the country's longest infrastructure project could spend 49-per...
Corinne Deléchat and Leandro Medina | 2021-01-18 00:00:00
The informal economy, comprising activities that have market value and would add to tax revenue and Gross Domestic Product (GDP) if they were recorded, is a globally widespread phenomenon. According to the International Labour Organization (ILO), about 2.0 billion workers,...
Neil Ray | 2021-01-18 00:00:00
The warning is dire. Before the world could overcome a coronavirus pandemic, it is set to slip into a hunger pandemic this year. None other than World Food Programme (WFP) Executive Director David Beasley makes the dire prediction that 'we...
DOULOT AKTER MALA | 2021-01-17 00:00:00
The tax authority has moved to access international databases to detect transfer of royalties, interest and other sources of income by the multinational companies (MNCs) officials said.They said the access to the database would facilitate the taxmen to audit the...
MUNIMA SULTANA | 2021-01-17 00:00:00
Bangladesh Road Transport Authority (BRTA) has taken a move to amend the rules of the now-defunct Motor Vehicle Ordinance (MVO) by incorporating a provision in it for the registration of electric vehicles.Sources said though import of e-vehicles into the country...
ISMAIL HOSSAIN | 2021-01-17 00:00:00
The Islamic Development Bank (IsDB) has come forward with a US$47 million credit line to support the country's small and medium enterprises (SMEs), hit hard by the pandemic, but abandoned by banks as well. The Jeddah-based Islamic lender has approved...
Catalina Margulis and Arthur Rossi | 2021-01-17 00:00:00
Countries are moving fast toward creating digital currencies. Or, so we hear from various surveys showing an increasing number of central banks making substantial progress towards having an official digital currency.But, in fact, close to 80 per cent of the...
Shams Rahman and Aswini Yadlapalli | 2021-01-17 00:00:00
Halal is an Arabic phrase for something that is permitted according to Islamic law. Muslims across the world need to have the assurance that they are consuming products and services with halal certification. In 2019, Muslims globally spent more than...
Syed Fattahul Alim | 2021-01-16 12:00:00
The sporadic incidents of far-right lone wolves attacking immigrants, or members of the minority groups in the Western countries are apt to give one the impression that such extremists do not represent their mainstream. And it is assumed that bigotry...
Ismail Hossain | 2021-01-16 00:00:00
Bangladesh Submarine Cable Company Ltd (BSCCL) is getting its longstanding dues amounting to Tk 63.9 million from Bharat Sanchar Nigam Ltd (BSNL), a state-run mobile network provider of India, this month.BSNL has not made any payment to BSCCL since September...
SYFUL ISLAM | 2021-01-16 00:00:00
With the new customs rules becoming effective late last year, India has now started seeking different types of documents from the Bangladeshi exporters and authorities in the name of checking the country of origin (CoO) certificates.To avail duty-free facility in...
Shams-i Arefin Islam | 2021-01-16 00:00:00
It was 2:00 AM and a rather massive, loud sound startled us from our deep sleep. First, we thought it was a bomb, then we realised after a few more of these loud explosions that the "simple" firework cracker was...
Mohammad Mufazzal | 2021-01-15 00:00:00
The securities regulator has allowed two brokerage firms to open their digital trading booths in Dubai and Toronto as part of its move to enhance the participation of Non-resident Bangladeshis (NRBs) in the country's capital market.The Bangladesh Securities and Exchange...
Shamsul Huq Zahid | 2021-01-15 00:00:00
The government spends a large amount of money on hundreds of development projects every year. Its Annual Development Programme contains new as well as the ongoing projects. The rate of project implementation until the third quarter of every financial year...
Nilratan Halder | 2021-01-15 00:00:00
The High Court's landmark verdict proclaiming rivers as living entities has largely gone abegging. But it seems not everything is lost. Endorsement of a unique concept by someone ahead of his/her time by 100 or 200 years or even the...
Shafiul Alam | 2021-01-15 00:00:00
The electronic government procurement (e-GP) - a digital platform for public procurement -- has remained operational during the COVID pandemic. The Central Procurement Technical Unit (CPTU) of the Implementation Monitoring and Evaluation Division (IMED) of the Ministry of Planning launched...
Asjadul Kibria | 2021-01-15 00:00:00
Finance minister AHM Mustafa Kalam believes that black money can create vibrancy in the economy if it is given the scope to whiten. His belief is reflected in his recent reaction on the latest statistics that some 7,650 individuals whitened...
Helal Uddin Ahmed | 2021-01-14 12:00:00
Black money has been dominating the South Asian economies since the colonial era. Its causes and sources are varied, including drug trafficking, smuggling, gambling, and corruption. A 2018 study by IMF estimated the size of black, shadow or underground economy...
DOULOT AKTER MALA | 2021-01-14 00:00:00
The Petrobangla has sought exemption from payment of taxes on import of Liquefied Natural Gas (LNG), as the entity is unable to adjust the refunds due to its subsidised selling prices of the fuel.It said the receivable tax rebate of...
Shams Rahman and Aswini Yadlapalli | 2021-01-14 00:00:00
Governments across the world are preparing to roll out Covid-19 vaccines to stop the spread of the virus and end the once-in-a-century pandemic. As a result, like never before a single drug has gained focus from countless individuals, regulatory bodies,...
Hasnat Abdul Hye | 2021-01-14 00:00:00
In 2017, the weekly Economist declared in the cover story, 'Socialism is back in fashion'. Despite proclamations of the end of history, following the dissolution of the Soviet Union in 1992, the weekly paper noted the 'remarkable growth of popular...
DOULOT AKTER MALA | 2021-01-13 00:00:00
China is top foreign investor in the country's economic zones (EZ) as the number of its formal proposals outstrips 13 other nations.Between fiscal year 2018 and December of 2020, China grabbed more than one-third of the proposals made in the...
Munima Sultana | 2021-01-13 00:00:00
The Roads and Highways Department (RHD) has so far constructed small bridges and other relevant structures having a combined length of 280 kilometres across the country, but it hardly carries out necessary repair and maintenance of the same. The department...
REZAUL KARIM | 2021-01-12 00:00:00
The government has asked the Directorate of National Consumer Rights Protection (DNCRP) to strengthen its monitoring on the edible oil market aiming to contain unusual price hike of the key cooking ingredient, officials said.To this effect, the commerce ministry has...
Munima Sultana | 2021-01-12 00:00:00
Cost of the Dhaka-Mawa Expressway is set to increase once again for adding new components to its supporting project six months before its closure.The Roads and Highways Department (RHD) has estimated an increase of Tk 2.63 billion for adding new...
ISMAIL HOSSAIN | 2021-01-12 00:00:00
The year 2020 saw more than 4.5-million new mobile subscribers despite the impact of Covid-19 on the economy from March last year.Industry insiders said nearly 4.0-million mobile subscribers left their networks at the onset of the pandemic.However, they have returned...
Ariel Gold | 2021-01-12 00:00:00
The media is abuzz these days with headlines such as "How Israel Became a World Leader in Vaccinating Against Covid-19." While the United States (US) has vaccinated only 1.67 per cent of its population against Covid-19 so far, Israel has...
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