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PPPA yet to drop unviable projects

MUNIMA SULTANA | 2021-01-05 00:00:00

The Public-Private Partnership Authority (PPPA) is yet to drop non-progressive projects from its pipeline for a lack of initiatives by the agencies concerned.A second review meeting at PPPA office on Monday found that no agencies have taken steps to place...

BB eases forex rules further

SIDDIQUE ISLAM | 2021-01-05 00:00:00

The central bank has relaxed its foreign exchange (forex) regulations further, allowing banks to remit admissible payment abroad on behalf of the companies concerned up to 1.0 per cent of annual sales or US$0.01 million whichever is higher.Under the relaxations,...

Govt asks NBR to raise revenue flow

SYFUL ISLAM | 2021-01-05 00:00:00

The government has asked the National Board of Revenue (NBR) and other departments concerned for taking 'serious efforts' to increase revenue collection for financing development projects, officials have said.Providing required fund for implementation of development projects has become a major...

Revenue earnings from DSE soar 87pc month-on-month in December

Babul Barman | 2021-01-05 00:00:00

The government revenue earnings from the Dhaka bourse almost doubled in July-December period of the current fiscal year compared to the same period of the previous fiscal as trading volume was on the rise riding on regulatory measures.Market operators attributed...

Role of private sector in post-Covid economic recovery

Md Joynal Abdin | 2021-01-05 00:00:00

The impact of COVID-19 on global economy in the year 2019 had multiple dimensions. Manufacturing sector was locked down for a while to avoid health crisis, people's movement was stopped, transportation especially air connectivity was broken down. World Trade Organization...

Our hopes, not fears

Syed Fattahul Alim | 2021-01-05 00:00:00

The New Year has been greeted by the world with cautious optimism. Though the pandemic has still shown no sign of abating, rather raging with a vengeance across Europe, America and many other countries including Bangladesh, still humanity is not...

The Washington Post, two Presidents and bold journalism

Syed Badrul Ahsan | 2021-01-05 00:00:00

The Washington Post has done it again. It has exposed the immorality, indeed the corrupt nature of yet another President of the United States (US). By releasing the audio tape of an hour-long haranguing of officials of the state of...

Thomas Piketty on inequality

Hasnat Abdul Hye | 2021-01-05 00:00:00

Thomas Piketty has written a book on a subject that is familiar to many for a long time, which has of late assumed critical importance. Inequality of income associated with capitalist development of the economy has drawn attention of economists...

Preparing for the next pandemic?

Shamsul Huq Zahid | 2021-01-04 12:00:00

"...2020 has shown that governments must increase investment in public health, from funding access to COVID vaccines for all people to making our systems better prepared to prevent and respond to the next, inevitable, pandemic", said Dr Tedros Adhanom Ghebreyesus,...

Remittances cross $21b

SIDDIQUE ISLAM | 2021-01-04 00:00:00

The inflow of remittances crossed $21billion-mark for the first time in the just-concluded calendar year, registering an increase of nearly 19 per cent, despite the ongoing Covid-19 pandemic, officials said.The flow of inward remittances jumped to $21.74 billion in 2020...

Toll to push up travel cost

Munima Sultana | 2021-01-04 00:00:00

The Dhaka-Mawa expressway is likely to be expensive for all kinds of transports due to having four toll bridges on the 55-kilometre access control highway.A report prepared by a committee of the Roads and Highways Department (RHD) has assessed that...

Budget step hauls record taxes

DOULOT AKTER MALA | 2021-01-04 00:00:00

The government has received a record Tk 8.80 billion in tax from the holders of undisclosed money in the first half of the current fiscal year.Between July and December, some 6,937 people disclosed their undeclared income availing the opportunity offered...

Move to set up 10 light engineering parks

Ismail Hossain | 2021-01-04 00:00:00

The government moves to establish 10 dedicated light engineering industrial parks in eight districts of the country to harness the immense potential of the domestic light engineering industry.The proposed light engineering industrial parks will be set up on around 2,000...

Agent banking brings unbanked masses to financial channel

Khairul Hasan Munna | 2021-01-04 00:00:00

Agent banking has been a catalyst in financial inclusion in Bangladesh. Unbanked populations are availing financial services at the agent outlets throughout the country resulting in accessing them into the formal financial activities which gear up the national economy especially...

Brexit exposes a division at family level

Neil Ray | 2021-01-04 00:00:00

If Boris Johnson, the incumbent British prime minister, has spearheaded the Brexit campaign and finally succeeded to take the United Kingdom out of the European Union, his father opposed the move. Stanley Johnson now 80 years old and a former...

Plan to resume work on faulty piers of elevated rail track

MUNIMA SULTANA | 2021-01-03 00:00:00

The Padma Bridge Rail Link project authority plans to resume the construction work on the faulty piers of elevated rail track after getting the final design on the concept of increasing piles in a week.The Padma Multipurpose Bridge (PMB) project...

Our struggle for a place in the sun

Syed Fattahul Alim | 2021-01-02 12:00:00

America's former Secretary of State and National Security Adviser in the President Richard Nixon's administration in the 1970s, Henry Kissinger, once termed Bangladesh an 'international basket case'. His poor impression about a nation that at the time had just emerged...

Digital signal plan suffers blow

MUNIMA SULTANA | 2021-01-02 00:00:00

A move to install an automated traffic signal system at four busy intersections in the city went in vain due to theft of a computer with software from a godown, sources said.They said the computer had been missing from the...

Guest birds winging their way to Karnaphuli banks

Nazimuddin Shyamol | 2021-01-02 00:00:00

CHATTOGRAM, Jan 01: Migratory birds from Siberia and other cold regions have started flocking to the banks of the Karnaphuli River and the seashore in Chattogram after the onset of winter. The hill areas, sea beach and the banks of...

Stocks end final week of 2020 on high note

BABUL BARMAN | 2021-01-02 00:00:00

Stocks witnessed yet another upbeat week, the last week of 2020, with the key index of the major bourse hitting an 18-month high, as investors put bet on the market amid high expectations in the New Year.Week-on-week, DSEX, the core...

Govt mulls import of plastic scraps

REZAUL KARIM | 2021-01-02 00:00:00

The government is eager to allow the import of environment-friendly plastic scrap items which do not put any adverse impacts on the domestic industry and the environment.However, the Bangladesh Plastic Goods Manufacturers and Exporters Association (BPGMEA), an advocacy group of...

'The Social Dilemma'

S M Didarul Hasan | 2021-01-02 00:00:00

Netflix released 'The Social Dilemma', a film, in September 2020 which revealed the insurgence of manipulation-based technology, flipsides of social media platforms and possible pitfalls of data-driven future. Within this documentary-type storytelling, this film unveiled a series of key facts...

Drive for Digital Bangladesh

Helal Uddin Ahmed | 2021-01-02 00:00:00

The present Awami League government had incorporated the pledge to build a Digital Bangladesh by 2021 in its election manifesto announced on December 12, 2008, based on which it assumed office in January 2009 after a thumping victory in parliamentary...

'Survive, revive and then thrive’

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

Bangladesh's economy will eke out "satisfactory" growth next year provided private investments and international trade remain buoyant, a leading voice on private business has said."While uncertainties and volatilities are difficult to predict, there are reasons to be optimistic," newly-elected president...

Majority of PCBs see a dip

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

The operating profit of majority of the private commercial banks (PCBs) shrunk in the just-concluded calendar year mainly due to the impact of Covid-19 and implementation of the single-digit interest rate.Except for a few, most of the PCBs witnessed lower...

Telecom, net to the rescue as life goes online

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

Telecommunication and internet services emerged as the 'saviour' in 2020, as the Covid-19 pandemic restricted mobility of people to avert spread of the deadly virus, and subsequently life had to go on virtually.Experts and industry insiders said due to the...

Stocks see a year of robust return

MOHAMMAD MUFAZZAL & BABUL BARMAN | 2021-01-01 00:00:00

The country's capital market passed 2020 with robust return compared to the bourses in the region, helped by large-cap companies and supportive measures.The market, which saw free-fall in March prompting the regulator to set floor prices amid the COVID-19 outbreak,...

Searching for substance in the discourse of the future of jobs

M Rokonuzzaman and J McLaughlin | 2021-01-01 00:00:00

The work-sharing between humans and machines is a contentious issue. The discourse has been progressing, leading to some lamentable observations. In the face of rising low wage population, are we pushing too much technology? To create growing utility from depleting...

Risks in remittance zone

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

When all the unwanted developments during a pandemic-hit year soured the mood of policymakers, a healthy remittance inflow emerged as the one of the few comfort zones for them. In fact, the remittance income was more than what many had...

Looking forward to a cherishable year

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

No New Year has ever burst forth from the darkest recess of a year like the one gone by. As the first sun rays tentatively sparkle through the wintry mist and haze on the eastern horizon, to announce the New...