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Fighting humanity's deadliest enemy

Syed Fattahul Alim | 2022-06-18 00:00:00

The world at the moment is witnessing a whole host of issues. The Ukraine war, highly volatile energy market, unchecked inflation, looming food grains crisis and rising global temperature. These are some of the issues of current concern. But which...

Economic diplomacy: A conduit for Bangladesh's vision 2041

A K Abdul Momen | 2022-06-18 00:00:00

Since my assumption of the Office of the Foreign Minister of Bangladesh, I, in fact, am bestowing special emphasis on economic diplomacy. In order to achieving Bangabandhu Sheikh Mujibur Rahman's dream of Sonar Bangla by 2041, Hon'ble Prime Minister has...

Double-decker trains can run on PMB rail

MUNIMA SULTANA | 2022-06-17 00:00:00

The single-track rail being built with the Padma bridge will have the capacity to operate 80 trains daily with provision of running double-deckers in both passenger and container services.Official sources say the design of rail track along the country's longest...

BD-tied money in Swiss banks swells 54pc

ASJADUL KIBRIA | 2022-06-17 00:00:00

Funds parked by Bangladeshi nationals and entities in all the Swiss banks swelled by 54 per cent to around CHF (Swiss Franc) 871 million (Tk 83.18 billion) in the last calendar year, according to available data. The amount was around...

Two more tugboats join Ctg port's fleet

NAZIMUDDIN SHYAMOL | 2022-06-17 00:00:00

CHATTOGRAM, June 16: The Chittagong Port Authority (CPA) has procured two new tugboats to facilitate larger ships' smooth movement in the port channel and enhance the port's cargo handling capacity. Procured from China at a cost of over Tk 1.45...

Universities of Bangladesh stay way behind

Nilratan Halder | 2022-06-17 00:00:00

Academics the world over look forward around this time every year to the Quacquarelli Symonds (QS) University Ranking to know about the status of the highest seats of learning. That the first post-pandemic ranking will make them along with others...

Meeting extended as negotiators struggling to reach consensus

REZAUL KARIM from Geneva | 2022-06-16 00:00:00

The negotiators were struggling to reach a consensus on the issues tabled in the 12th World Trade Organisation (WTO) ministerial conference on Wednesday, prompting the organisers to extend the meeting by one more day with a hope for positive outcomes.The...

Curtain falls on Escalate 2022

Samayla Mahjabin Koishy and Mehejabin Sultana Zaman Anika | 2022-06-16 00:00:00

Founded under the School of Business and Economics of North South University 27 years ago, North South Young Entrepreneurs Society (NSU YES!), rose to the top with its valiant efforts and ideas. This student-run organisation has devoted itself to spreading...

Perks and perils of studying abroad

Anadil Maish | 2022-06-16 00:00:00

For many people, the opportunity to study abroad is a lifelong dream. For others, it happens more incidentally than they may have anticipated. Regardless of the events that lead up to it, people have their own unique experiences and anecdotes...

Our universities should be points of light

Syed Badrul Ahsan | 2022-06-16 00:00:00

Let the question of global rankings of Bangladesh's universities be put aside for the moment. Not that rankings are not important. They are, for these rankings are a measure of how our higher educational institutions fare or have fared at...

AML & CFT compliance: building block of MFS industry

Sheikh Md Monirul Islam | 2022-06-16 00:00:00

During a disaster, the best traits of humanity often come out to forefront. After the recent Chottogram fire incident, several humanitarian organisations have been raising money for the benefit of the affected families. The initiatives to help the affected in...

Extension may be for specific countries

DOULOT AKTER MALA FROM GENEVA | 2022-06-15 00:00:00

The 'trade-benefit' demand of graduating least-developed countries (LDCs) to allow for a few more years after graduation might be country-specific based on needs assessment, officials said.As per recommendations of the developing nations in the 12th Ministerial Conference (MC12) of the...

Regulator reverses dollar free float as taka tumbles

SIDDIQUE ISLAM | 2022-06-15 00:00:00

Now the regulator intervenes to tame Bangladesh's volatile foreign-exchange market as the taka kept tumbling down in exchange with the US dollar lately put on a free float. Bankers said the central bank reversed its stance through intervening unofficially in...

Padma bridge and the World Bank

Md Matiul Islam | 2022-06-15 00:00:00

In 2012, when the World Bank came out with the allegation of corruption relating to Padma Bridge, all hell broke loose in Bangladesh. It was a serious allegation of 'conspiracy' plotted to stage a high-level corruption in the Padma Bridge...

New MPS reverses expansionary policy

SIDDIQUE ISLAM | 2022-06-14 00:00:00

Formulating a new monetary policy for Bangladesh gets underway with top priority on curbing inflation and helping productive sectors for achieving maximum economic growth, officials say.The priorities were suggested in an internal preparatory meeting on the monetary policy statement (MPS)...

Transporters scramble for routing vehicles thru PMB

MUNIMA SULTANA | 2022-06-14 00:00:00

The Padma Multipurpose Bridge (PMB) will create a big demand for both passenger and easy goods transportation due to significantly saving travel time in river crossing and mileage cut-down by at least 100 kilometres. In this connection, the newly built...

New global supports for LDCs sought at WTO meet

DOULOT AKTER MALA IN GENEVA | 2022-06-14 00:00:00

Bangladesh and other Least Developed Countries (LDCs) joined voices at the WTO ministerial conference to demand some "new international support measures" in trade regime for salvaging their pandemic-battered economies.The issues coming under priority list from the least-developed countries or LDCs...

Role of land ports in connectivity, trade promotion & economic growth

Md Alamgir | 2022-06-14 00:00:00

Bangladesh Land port Authority (BLPA) came into being in 2001 with the enactment of 'Bangladesh Land port Act, 2001 by the parliament. So, as an organisation BLPA is only two decades old. Nonetheless within these short span of time, it...

Digital currency's prospect

Syed Fattahul Alim | 2022-06-14 00:00:00

Monetary transactions have already gone digital. Through the Mobile Financial Services (MFS), common people have meanwhile got used to doing banking transactions without much hassle. The money the MFS transfer is the electronic money (e-money) kept in the bank's computer...

Desist from food ban as hunger haunts

DOULOT AKTER MALA IN GENEVA | 2022-06-13 00:00:00

The Least Developed Countries (LDCs) made a fervent appeal to countries concerned to desist from sudden imposition of restrictions on grain export when hunger haunts many.They also voiced a consensus demand at the world trade meet here for continuing trade...

Karnaphuli tunnel may open in Dec: Official

NAZIMUDDIN SHYAMOL | 2022-06-13 00:00:00

CHATTOGRAM, June 11: Karnaphuli tunnel is likely to be ready for inauguration by year-end, before the scheduled time of opening the multi-lane tunnel to public traffic, an official said. He said 86 per cent work of the multi-billion Taka Karnaphuli...

Trade ministers in Geneva to seal a deal

DOULOT AKTER MALA, from Geneva | 2022-06-12 00:00:00

The hopes of Least Developed Countries (LDCs) including Bangladesh to push ahead the agenda for extending LDC-specific trade benefits for graduated LDCs by at least six to nine years are likely to be sidelined in the 12th Ministerial Conference (MC12)...

Metro rail test run nearing completion

MUNIMA SULTANA | 2022-06-12 00:00:00

The test run of the country's first metro rail has almost reached its end as checking of last few components from Uttara to Agargaon in the city is going on.After completion of the last-minute checking, sources said, rolling stock will...

Promises budget FY '23 holds out

Asjadul Kibria | 2022-06-12 00:00:00

As the size of Bangladesh economy is growing, so is the national budget. That's why it is nothing surprising that the finance minister would present a big budget. The annual exercise of budget-making represents the effort on the part of...

Looking forward to better days ahead

Syed Fattahul Alim | 2022-06-11 12:00:00

Even a lay person knows the reasons behind the present crisis facing the world economy, thanks to the revolution in information technology. But the way out? No one knows, not even experts. For factors causing the crisis are beyond the...

Budgetary hopes keep stocks afloat

BABUL BARMAN | 2022-06-11 00:00:00

Stocks extended the gaining streak for a second straight week to Thursday as bargain hunters put fresh bets on selective issues, with an eye on the national budget.Finance Minister AHM Mustafa Kamal on Thursday unveiled a budget of Tk 6.78...

Is environment day just for celebration?

Golam Rasul | 2022-06-11 00:00:00

We have observed the World Environment Day on June 5, as we did in previous years. While we celebrated the day, the climate is changing and the environment rapidly deteriorating. According to the IPCC Sixth Assessment Report (Working Group 2)...

Macro & fiscal perspectives of budget FY23

Fahmida Khatun, Mustafizur Rahman, Khondaker Golam Moazzem and Towfiqul Islam Khan | 2022-06-11 00:00:00

The national budget for FY23 has been placed at a time when the economy is facing considerable challenges. Indeed, the macroeconomic stability has significantly weakened amid negative developments both on domestic and external fronts. The finance minister has acknowledged the...

BDT falls sharply against US dollar

Siddique Islam | 2022-06-10 00:00:00

The Bangladesh Taka (BDT) depreciated significantly against the US dollar on Thursday - mainly due to higher demand for the greenback for settling import-payment obligations.The local currency lost its value by 50 paisa in the inter-bank foreign-exchange (forex) market on...

Why a garment worker works 14 hours a day?

Hasnat M Alamgir | 2022-06-10 00:00:00

On May 11 the labour and employment ministry of the Bangladesh government issued a circular excusing the garment sector from labour law provisions of 100, 102, and 105 about working hours and overtime. It stipulates that garment factory workers can...