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Goes the year of despair

SHAMSUL HUQ ZAHID | 2020-12-31 00:00:00

The world will never want to visit a year like the one that ends today. It was a year when a microscopic pathogen, known as SARS-Covid-2, brought all nations, rich and poor, to their knees, socially and economically. So, the...

Hult Prize at CU ends with colours

Mohammed Imrul Hasan | 2020-12-31 00:00:00

The on-campus round of Hult Prize-- the world's largest students’ social entrepreneurship case competition with participants from more than 2,000 universities across 121 countries around the globe-- ended on December 11. This competition runs in partnership with the United Nations....

Sleep cycle disruption by social media

Nafis Almas Siam | 2020-12-31 00:00:00

IT is 12 midnight; seems just too early to sleep. All the friends are online; need to scroll some more to make sure not missing out on anything interesting updated by the friends. 1.30 am; will go to bed after...

Seven govt agencies asked to find out reasons

REZAUL KARIM | 2020-12-31 00:00:00

Identifying seven ministries and divisions as poor performers in their implementation of development works, the government has asked them to find out the reasons behind the situation, officials said.The Ministry of Planning has recently asked the ministries and divisions to...

Padma bridge, a new development frontier for Bangladesh

Khondaker Golam Moazzem | 2020-12-31 00:00:00

On December 10, the Padma Multipurpose Bridge Project (PMBP) authorities installed the 41st and last span of the long-awaited bridge, making the dream of millions fully visible for the first time. Even though it signifies a historic milestone in the...

2020 in retrospect: From ruins to revival

Helal Uddin Ahmed | 2020-12-31 00:00:00

Nobody could imagine at the turn of the new-year that a microscopic enemy in the shape of novel corona-virus would have such a devastating impact on human civilisation. The entire mankind appeared to be quite unprepared for such a sudden...

BTTC backs BTMA's plea to raise tariff value

SYFUL ISLAM AND REZAUL KARIM | 2020-12-30 00:00:00

The Bangladesh Trade and Tariff Commission (BTTC) has backed a plea of local textile millers who demanded refixation of tariff value of imported fabric.The millers have also demanded the setting unit of fabric in meter instead of kilogram.The commission's support...

Trade deficit drops 31pc in July-Nov

SIDDIQUE ISLAM | 2020-12-30 00:00:00

The country's trade deficit narrowed down by 30.77 per cent or US$ 2.10 billion in the first five months of this fiscal year (FY) amid dismal foreign trade situation due to the Covid-19 pandemic, officials said.The overall trade deficit came...

Move to measure losses from halal food export

REZAUL KARIM | 2020-12-30 00:00:00

The government has initiated to assess the extent of losses by agri-processed food, especially halal food, exporters for unavailability of a heath certification system in Bangladesh.Officials said Bangladesh Trade and Tariff Commission (BTTC) has written to 12 agri-processing food makers,...

China's socialist market economy

Hasnat Abdul Hye | 2020-12-30 00:00:00

At one time, not so long ago, market socialism was a laughable idea, considered almost as an oxymoron. The two words, market socialism, conveyed a classic case of mutual contradiction. Among the most important requirements of establishing a Marxist socialist...

Alibaba in talks to buy HungryNaki

ISMAIL HOSSAIN | 2020-12-29 00:00:00

Chinese e-commerce giant Alibaba is in talks with HungryNaki to buy the local food delivery firm, industry insiders said. The talks are still at the primary stage. Contacted, HungryNaki deputy CEO Ibrahim Bin Mohiuddin neither confirmed nor denied the information....

Nov pvt credit growth slows

SIDDIQUE ISLAM | 2020-12-29 00:00:00

Private sector credit growth decelerated further in November as fresh borrowing demand dropped after the second wave of Covid-19 hit the country, experts said.Private credit growth fell to 8.21 per cent (year-on-year) in November this year from 8.61 per cent...

2020 to 2021: What days are ahead of us?

Mohammad Didare Alam Muhsin | 2020-12-29 00:00:00

The year 2020 started with great enthusiasm in this country. March 17, 2020 was the birth centenary of the architect of this country Bangabandhu Sheikh Mujibur Rahman. It was decided to celebrate the occasion as the 'Mujib Year' through various...

Politicians and statesmen . . . and their reading habits

Syed Badrul Ahsan | 2020-12-29 00:00:00

Reading the memoirs of Andrei Gromyko does something cheering to the soul. In the first place, it takes one back to the rather energising days that symbolised the Soviet Union before its collapse in the Gorbachev era. In the second,...

Covid-19's variants: How concerning?

Syed Fattahul Alim | 2020-12-29 00:00:00

A genomic research team at the Bangladesh Council of Scientific and Industrial Research (BCSIR) has identified a new variant of the Covid-19 pathogen. The BCSIR scientists say the new strain of the Corona virus has some similarities with the one...

BB asks banks to provide loans to IT freelancers

SIDDIQUE ISLAM | 2020-12-28 00:00:00

The central bank has asked all the scheduled banks to provide loans and credit card facilities to the IT freelancers having virtual identity (ID) cards, officials said.Under the new initiative, the banks will have to comply with all banking rules...

Govt devising strategy, roadmap to battle money laundering

SYFUL ISLAM | 2020-12-28 00:00:00

The government is preparing a working strategy and a roadmap for risk assessment on legal persons and arrangement as part of the global efforts to prevent money laundering, officials said.The Bangladesh Financial Intelligence Unit (BFIU) is preparing it in line...

Fraudsters on the prowl

Neil Ray | 2020-12-28 00:00:00

Fraudsters are hyperactive. Ever since the exposure of infamous con man Shahed Karim of so-called Regent Hospital, many of this kind of ill breed have been netted by the country's law enforcement or intelligence agencies. Even facilities claiming to provide...

Management of ailing health sector

Shamsul Huq Zahid | 2020-12-28 00:00:00

When the first case of Covid-19 was detected on March 8 last in the country, it was a new experience for most people. None had ever encountered such a health emergency in the past. To the health authorities also, the...

Capital deficient Krishi Bank seeks Tk. 9.5b bailout

REZAUL KARIM | 2020-12-27 00:00:00

Troubled by huge capital shortfall, the Bangladesh Krishi Bank (BKB) has recently sought Tk.9.5 billion from the government to raise its paid-up capital citing an altogether different reason. The capital shortfall of the bank, estimated in accordance with the BASEL...

Complex AT refund puts cos in a bind

DOULOT AKTER MALA | 2020-12-27 00:00:00

Many businesses are suffering from cash flow problem as a large sum of their capital remains blocked as the process of getting refund of the Advance Tax (AT) they paid at the import stage is exceedingly difficult.The refund claim made...

0.19m BO accounts in two months added

BABUL BARMAN | 2020-12-27 00:00:00

The number of new beneficiary owner (BO) accounts continued to rise as the stock market is showing a signs of stability after the latest market debacle in 2010-2011. Market operators attributed the rising trend of new BO accounts to higher...

Adopting rapid mortality surveillance in post-Covid era

Daniel Swaisgood, Carlie Congdon, Anushka Mangharam, Kristi Saporito and Tanja Sejersen | 2020-12-27 00:00:00

The Covid-19 pandemic is challenging country mortality surveillance systems in unprecedented ways, while also highlighting the necessity for accurate, timely and reliable mortality data. Prior to the pandemic, many countries in Asia and the Pacific already struggled to collect and...

Workplace wellness: Gain for both employers and employees

Hasnat M Alamgir | 2020-12-27 00:00:00

For a growing prevalence and impact of chronic diseases on employee health and well-being, the associated loss of productivity due to absence from work (absenteeism) and reduced performance while at work (presenteeism), the rising costs of health insurance, increased frequency...

Ctg-bound containers stranded in S'pore

SYFUL ISLAM | 2020-12-26 00:00:00

Some 6,000 TEUs (20-foot equivalent unit) of Chittagong- bound containers of COSCO Shipping Lines remained stranded in Singapore caused by severe congestion in the busy transhipment port, sources said.The increased bookings by COSCO and non-availability of required feeder vessels also...

Hydraulic survey of Karnaphuli to start from Jan 29

NAZIMUDDIN SHYAMOL | 2020-12-26 00:00:00

CHATTOGRAM, Dec 25: A hydraulic survey of the River Karnaphuli will start from January 29 next year. The Chittagong Port Authority (CPA) is going to conduct the survey titled 'hydraulic and hydrological study of River Karnaphuli' at a cost of...

Stocks keep soaring as Robi hits market

BABUL BARMAN | 2020-12-26 00:00:00

Stocks saw a big jump last week, with the key index of the Dhaka Stock Exchange (DSE) hitting a 16-month high, as investors put fresh bet on the market amid enthusiasm over Robi's debut trading.Week-on-week, DSEX, the core index of...

Exploring gender bias in deal making for female entrepreneurs

Sayema Haque Bidisha and Kunal Sen | 2020-12-26 00:00:00

It's a laudable fact that women representation has progressed significantly in the fields of education, health and politics, but it is equally as alarming as there has not been much achievement in empowering women economically (Jayachandran 2015, Heintz 2018). While...

Is US democracy finally out of the woods?

Syed Fattahul Alim | 2020-12-26 00:00:00

The December 14's Electoral College vote finally cemented the US president-elect Joe Biden's victory in the US election held on November 3. Though the numbers were already in his favour, still the drama of challenges thrown and the litigations lodged...

Bankers fear sizeable cut in profit this year

SIDDIQUE ISLAM | 2020-12-25 12:00:00

As the year is drawing to a close, the top bankers are found increasingly worried about the profitability of their banks.Some leading bankers said Covid-19 pandemic and single-digit lending rate have caused enough damage to the banks' profitability. The latest...