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DSEX sheds 380 points in H1

BABUL BARMAN | 2022-07-03 00:00:00

The benchmark index of the Dhaka Stock Exchange (DSE) plunged 380 points in the first six months of 2022 as the jittery investors dumped their holdings amid macroeconomic worries.The market has been in doldrums during the period under review amid...

Financial planning in everyday life

Shah Alam | 2022-07-02 12:00:00

♦ Why does every one Need Financial Planning?To find out the real cause of this question. We are facing an important question about this such as: what do we do when we want to go somewhere? There are some alternative...

Food security should top agenda

Syed Fattahul Alim | 2022-07-02 12:00:00

The World Bank (WB) Group President David Malpass recently presented a bleak scenario of the world economy for the next two years. In his view, prices of commodities are not going to come down any time soon as the US...

BD accession to pay dividend

SYFUL ISLAM and REZAUL KARIM | 2022-07-02 00:00:00

Bangladesh's export may grow by 17 per cent and gross domestic product (GDP) 0.26 per cent if a free-trade agreement (FTA) is signed with member-states of the emerging Regional Comprehensive Economic Partnership (RCEP) bloc.The RCEP deal, which came into force...

Stocks snap two-week losing streak -

BABUL BARMAN | 2022-07-02 00:00:00

Snapping a two-week losing streak, stocks rebounded in the outgoing week, as bargain hunters put money cautiously on lucrative issues with expectations of higher returns in the new fiscal year.Of the five trading days this week, the first session saw...

Start-ups to get relief for two years

DOULOT AKTER MALA | 2022-07-01 00:00:00

Start-up companies will get relief from submission of proof of tax return for two consecutive years to avail different services, according to a new provision in the Finance Act-2022.The National Board of Revenue (NBR) has relaxed the provision of mandatory...

BB tightens monetary policy stance

Siddique Islam | 2022-07-01 00:00:00

The central bank unveils its monetary policy that, according to its outgoing governor, is cautious in stance and has a tightening bias. It, however, is hopeful about maintaining support to economic recovery process and ensuring necessary flow of funds to...

Adult daycare largely uncared of in Bangladesh

Hasnat M Alamgir | 2022-07-01 00:00:00

Getting old is largely a frightening experience for many in Bangladesh as they have to depend ordinarily on family caregiving arrangements and, sadly, socioeconomic support needed at that stage of life does not quite exist or is not yet developed...

BB unveils 'cautious' MPS today

Siddique Islam | 2022-06-30 00:00:00

The central bank is set to unveil a 'cautious' monetary policy for the next fiscal year (FY), 2022-23, today (Thursday) - to curb inflation without hampering the country's economic growth, officials said. Outgoing Governor of Bangladesh Bank (BB) Fazle Kabir...

The other side of the moon

Syed Badrul Ahsan | 2022-06-30 00:00:00

Development, especially in our times, is like the moon. While we see the luminous side of it, it is the dark side which remains beyond our vision. And on that dark side are laid out the many tales of sorrow...

Taka takes further tumble

Siddique Islam | 2022-06-29 12:00:00

A hot demand for the US dollar for higher import payments causes the Bangladesh Taka (BDT) to tumble further as the local currency Tuesday depreciated by 50 paisa against the greenback. The local currency lost its value by 50 paisa...

BR may get back rail part by Jul 15 to resume work

Munima Sultana | 2022-06-29 12:00:00

The Padma Multipurpose Bridge (PMB) project authority has a plan to hand over the lower deck of the Padma Bridge to the Bangladesh Railway (BR) by July 15 next so that it could start installing rail tracks.The placement of the...

Tk 300b deficit likely in FY 22

Doulot Akter Mala | 2022-06-29 00:00:00

The tax revenue collection may face a shortfall worth nearly Tk 300 billion in the current fiscal year (FY), 2021-22, although the revenue board has achieved an average 15 per cent monthly growth in collection.The amount of shortfall is equivalent...

Effective communication key to cybersecurity success

B M Zahid ul Haque | 2022-06-29 00:00:00

Globally, cyber-attacks are not a new occurrence. But what is worrying is that their frequency and complexity continue to increase, so much so that cyber-threat is now considered one of the most serious economic and global security challenges. Thus, cyber-attacks...

Cos fear biz cost escalation

DOULOT AKTER MALA | 2022-06-28 00:00:00

Corporates fear escalation of cost of doing business due to umpteen changes in tax measures and compliance strangleholds in the proposed budget, and plead for a rethink.Changes in definition of supply of goods, imposition of heavy penalty for non-compliance, cap...

MoFA, NBR back proposal to realise transit fees

SYFUL ISLAM | 2022-06-28 00:00:00

Dhaka decides to realise various charges for transportation of oils and gas from Meghalaya into Tripura crossing over Bangladesh territory as catastrophic rains and landslides in northeastern India have halted their traffic.The Ministry of Foreign Affairs and the National Board...

Monetary policy to battle inflation

SIDDIQUE ISLAM | 2022-06-28 00:00:00

Checking the wayward inflation without hampering the economic growth is the cornerstone in a new monetary policy the central bank is set to roll out, officials say. Outgoing Governor of the Bangladesh Bank (BB) Fazle Kabir is expected to announce...

Covid evolving into more contagious variants

Syed Fattahul Alim | 2022-06-28 00:00:00

According reports, Bangladesh is witnessing a resurgence of the pandemic, Covid-19.The update of the Directorate General of Health Services (DGHS) says, in 24 hours till Sunday morning 1,680 people were found Covid-positive, while two people died of the disease. However,...

Only One Earth: Re-visiting our home

Hasnat Abdul Hye | 2022-06-28 00:00:00

Since the first ever United Nations (UN)-sponsored World Environment Conference was held in Stockholm in 1972, it has become an annual fixture in the calendar, observed in all member countries on June 5th, rotating the host and changing the theme...

Exuberance for PMB sights makes traffic unmanageable

MUNIMA SULTANA | 2022-06-27 00:00:00

Exuberance-fraught first-day traffic on the Padma bridge seemed unmanageable for heavy rush of enthusiastic sightseers and vehicles who couldn't check emotion of crossing the tamed mighty river sans ferry on the inaugural day.The Bangladesh Bridge Authority (BBA), Highway Police, Ansar,...

BB injects $7.34b into forex market in 11 months

SIDDIQUE ISLAM | 2022-06-27 00:00:00

The central bank has pumped over US$7.0 billion into the country's overheated foreign-exchange (forex) market in around 11 months to defend exchange rate of the local currency against the greenback.A total of $7.34 billion has been sold from Bangladesh's forex...

Boro procurement may fall short of target

TALHA BIN HABIB | 2022-06-27 00:00:00

The ongoing Boro procurement target this year might not be fulfilled as little quantity was procured compared to the target during the last nearly two months since its inception. Earlier, the government on April 28 started the procurement of Boro...

CCC announces Tk 21.61b budget for FY '23

NAZIMUDDIN SHYAMOL | 2022-06-27 00:00:00

CHATTOGRAM, June 26: The Chattogram City Corporation (CCC) has announced an over Tk 21.61 billion (Tk 2,161 crore) budget for the next financial year (fiscal year 2022-23 or FY '23). Announcing the budget on Sunday, the CCC mayor stated that...

Padma Bridge a symbol of pride: PM

MUNIMA SULTANA with MIR MOSTAFIZUR RAHAMAN | 2022-06-26 12:00:00

Bangladesh steps into a new era of development as a communications mega-infrastructure, the Padma Multipurpose Bridge, becomes a reality undeterred by multiple headwinds.The defining moment was ushered in when a visibly jubilant Prime Minister Sheikh Hasina opened the longest bridge...

Scenes of cheers as crowd gathers

MUNIMA SULTANA | 2022-06-26 00:00:00

Emotions ran free as thousands thronged the Padma Bridge arena to see for themselves their long-cherished dream come true on Saturday.The crowd from Mawa side went into raptures as they revelled to the euphoric start of the iconic structure soon...

Measures may panic marginal taxpayers

DOULOT AKTER MALA | 2022-06-26 00:00:00

A couple of income-tax measures in the Finance Bill 2022 may panic marginal taxpayers for imposition of compliance requirements to avail services, taxation experts say.The revenue board needs to strengthen its help or service centres to support the taxpayers as...

SME stocks keep rising amid bearish market

BABUL BARMAN | 2022-06-26 00:00:00

Stock prices of Small Capital Platform are soaring in recent times amid an influx of investors despite the main trading board is incurring losses.Market insiders said participation of investors is rising on the SME board as the stock market regulator...

Is capital flight always bad?

Asjadul Kibria | 2022-06-26 00:00:00

The debate about capital flight from Bangladesh is nothing new. However, the amount of capital exodus was relatively low even a decade ago. It is also presumed that capital flight had increased significantly in the last decade when the size...

Materialising a dream trekking a perilous path

Helal Uddin Ahmed | 2022-06-25 00:00:00

Crossing the river Padma has always been a huge challenge over the centuries as it created a perilous barrier for the flow of transports between central-eastern and south-western regions of Bangladesh. Consequently, people have been forced to undertake hazardous journeys...

The challenges: Down the memory lane

Munima Sultana | 2022-06-25 00:00:00

FE: How do you feel when your efforts come to fruition after a long time with the opening of the Padma Bridge on June 25?M Shafiqul Islam (MSI): Well, we have tried our level best. Our success should be assessed...