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Blockchain technology and RMG sustainability

Shams Rahman and Aswini Yadlapalli | 2021-01-12 00:00:00

Covid-19 pandemic has an unprecedented impact on US$35 billion Bangladesh apparel industry. The impacts of the pandemic on the apparel industry can be felt at multiple facets from order cancellation to payment delays. In March and April, more than US$3.18...

Trump's legacy

Syed Fattahul Alim | 2021-01-12 00:00:00

The January 6 attack on US Capitol, the seat of the US Congress, has shaken the world. As the most powerful country dictating global events for over three quarters of a century, whatever happens in America impacts the rest of...

Anxious wait for vaccines

Shamsul Huq Zahid | 2021-01-11 12:00:00

When will Covid-19 vaccine be available in Bangladesh for mass inoculation? The vaccine developed by the Oxford-AstraZeneca is the one that has got regulatory approval so far to enter the country. All men in authority are saying it will arrive...

Govt body starts working to fix metro-rail fares

MUNIMA SULTANA | 2021-01-11 00:00:00

The government has started working on fixing fares for the first-ever metro-rail, being constructed from Uttara to Motijheel in the city, expecting to propose the rates within a few months.The fare fixing committee, formed through a circular in September, organised...

Challenges to payment security in 2021

Vipin Surelia | 2021-01-11 00:00:00

In parallel to this pandemic-stricken year in which time often seemed to stand still, businesses rapidly went digital and made structural changes to their payments operating models. Global economies moved quickly in ways that accelerated change, bringing lasting impact to...

Why was 2020 the warmest year like 2016?

Neil Ray | 2021-01-11 00:00:00

Belying a layman guess that the planet Earth might have become cooler in 2020, the European Union's Copernicus Climate Change Service (C3S) authenticated the highest average temperature on record in the year ---one that matched only that of 2016. It...

Apparel exporters refuse to use ICDs

DOULOT AKTER MALA | 2021-01-10 00:00:00

Country's apparel exporters have turned down the Chittagong Port Authority's proposal to release the goods imported by them from the private inland container depots (ICDs), termed as off-docks. They accused the private ICD operators of charging higher fees and taking...

After Trump's sedition, time to restore Lincoln's America

Syed Badrul Ahsan | 2021-01-10 00:00:00

With less than two weeks remaining in his presidency, Donald Trump remains a threat to American democracy. What happened on Wednesday, with his rabid followers storming the Capitol, vandalising offices, smashing windows and occupying the vice-presidential chair in the Senate,...

Economics can't avoid distributional issues

Binyamin Appelbaum | 2021-01-10 00:00:00

We live in an age of material abundance and social disquietude. A quarter millennium of industrial revolution has produced an awesome increase in prosperity: almost 8.0 billion people and enough wealth for every one of them to live lives of...

Move to set up cold storage facilities at community level

REZAUL KARIM | 2021-01-09 00:00:00

The government has planned to launch a project soon to facilitate establishment of cold storage facilities at community level aiming to ensure the quality of rawhide and skins, officials said.The commerce ministry has decided to prepare a necessary project with...

BTRC plans QoS drive

ISMAIL HOSSAIN | 2021-01-09 00:00:00

The telecoms regulator is planning to run a drive test in 12,000 kilometres countrywide in six months to measure the quality of telecommunication services.The quality of service (QoS) test will begin later this month.The test will be run in all...

81km viable for circular train in Dhaka city

MUNIMA SULTANA | 2021-01-09 00:00:00

A feasibility study has found an 81-kilometre route viable for circular train in the periphery of Dhaka city, estimating $8.0 billion for construction.Sources said the route would be part of the government's planned circular route that covers both circular road...

Negative Jan borrowing targeted

SIDDIQUE ISLAM | 2021-01-09 00:00:00

The government's net borrowing from the country's banking system is expected to be negative in January, as a move is underway to repay Tk 40 million from the surplus, officials say.The ministry of finance has set the net negative bank...

Govt drops US FTA plan

SYFUL ISLAM | 2021-01-09 00:00:00

The government has backtracked from a plan to propose the United States for signing a free trade area (FTA) deal considering its lack of preparedness, an official says.Failing to get the generalised system of preferences (GSP) facility restored in the...

Oils and Fats Scenario: 2021 and beyond

A K M Fakhrul Alam | 2021-01-09 00:00:00

According to October 2020 report of IMF, Bangladesh is an emerging economic power of South Asia. Bangladesh is overtaking India in terms of per capita GDP scoring US$ 1888. Notably, in 2015, just five years ago, India's per capita GDP...

Covid-19 crisis and fiscal space for Bangladesh economy

Raju Ahmed, Md Salim Al Mamun and Md Ezazul Islam | 2021-01-09 00:00:00

The Covid-19 impact on Bangladesh economy since March 2020 reflected a sharp decline in growth rate of real gross domestic product (GDP) to 5.24 per cent in FY20, compared to a record high of 8.15 per cent growth in FY19....

Making upcoming vaccination drive successful

Syed Fattahul Alim | 2021-01-09 00:00:00

The initial confusion created over the earlier reported statement made by the head of the Indian company producing the Oxford vaccine seems to have been dispelled once and for all. Bangladesh has finally been assured by the Indian government as...

H1 tax revenue up

Doulot Akter Mala | 2021-01-08 00:00:00

The country's tax revenue collection grew by 2.10 per cent in the first half (H1) of the current fiscal year (FY), 2020-21, although the Covid-19 pandemic hit economic activities hard.The National Board of Revenue (NBR) collected Tk 1.08 trillion as...

Relocation of bus terminals

Shamsul Huq Zahid | 2021-01-08 00:00:00

When the two major bus terminals were built at Saidabad and Mohakhali of Dhaka city in the mid-eighties, many had expected the city traffic congestion to ease. But the situation on the roads has been truly disappointing. The bus terminals...

Education in time of the pandemic

Nilratan Halder | 2021-01-08 00:00:00

A study carried out by the Brac Institute of Governance and Development over the early months of general holiday found that study hours for students declined by 80 per cent on account of school closure. In other words, study hours...

The burden of sedentary jobs and life

Hasnat M Alamgir | 2021-01-08 00:00:00

Sedentary behaviours include sitting time at work, at home, while commuting and during leisure time. During the last few decades, the rapid uptake of technology, high reliance on electronic communication, highly automated jobs and extensive international travels that came with...

Electoral system in the United States needs overhauling

Abdur Rahman Chowdhury from Falls Church, Virginia, United States | 2021-01-08 00:00:00

No one in the United States ever thought that a person defeated in the presidential election would refuse to accept the outcome of the electoral exercise and create roadblocks for the elected president to come to power. The authors of...

Improving disaster management

Helal Uddin Ahmed | 2021-01-07 12:00:00

Natural disasters in Bangladesh and the losses accruing as a result have increased in recent years due to the adverse impacts of climate change. In fact, Bangladesh occupied seventh position in global ranking and stood third among the countries most...

WHO, Covid-19 and 2021 - the year ahead

A K Enamul Haque | 2021-01-07 12:00:00

We began 2020 with the knocking of Covid-19 and no one could imagine that it is going to affect everyone in the world. Some of us thought that it is like the SARS virus and will not cross the borders....

Rich yet to back LDCs' proposals

SYFUL ISLAM and REZAUL KARIM | 2021-01-07 00:00:00

The rich nations are yet to support a request by the LDCs to extend the existing trade preferences for an additional period of 12 years after their graduation, officials said.Against this backdrop, economists and trade experts have urged the government...

NBR may get tough on non-filers

Doulot Akter Mala | 2021-01-07 00:00:00

A total of 2.6 million or 52.41 per cent of the taxpayers remained non-respondent to the mandatory provision of submission of income tax returns by the stipulated time, prompting the National Board of Revenue (NBR) to think for its strict...

Reconciling with Qatar indicates flaws of Saudi-led bloc

Zvi Bar'el | 2021-01-07 00:00:00

The summit of the Gulf Cooperation Council nations held on Tuesday in Saudi Arabia has already been described as a "historic summit," one that is supposed to renew the alliance between the six member countries of the GCC.The participants in...

PTA with Bhutan: A symbolic move and beyond

Asjadul Kibria | 2021-01-07 00:00:00

Bangladesh has finally joined the wagon of bilateral free trade deal by singing the Preferential Trade Agreement (PTA) with Bhutan. Two countries formally signed the deal on December 06 last year to ease trade barriers. PTA is, however, not a...

BB clarifies addl. 1.0pc general provisioning

SIDDIQUE ISLAM | 2021-01-06 00:00:00

All the scheduled banks will have to keep additional 1.0 per cent general provisioning against loans, which have enjoyed deferral/ time extension facilities, instead of all unclassified loans earlier.The central bank clarified its latest position on the issue in a...

NBR moves to review duty on rice, onion

Doulot Akter Mala | 2021-01-06 00:00:00

The National Board of Revenue (NBR) is in the process of reviewing the import duties and taxes on rice and onion to rationalise their prices in the domestic market, according to the officials.It is likely to reinstate 5.0 per cent...