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Seized gold stuck in Dhaka customs house

DOULOT AKTER MALA | 2020-12-25 00:00:00

Some 1.0 tonnes (1,000 kilogram) of seized gold remain stuck in Dhaka Customs House (DCH) for procedural complexities to deposit in the central bank's vault.The customs house could not deposit the gold that it temporarily seized as the Bangladesh Bank...

Robi roars in debut trading Co shares surge 50pc

JASIM UDDIN HAROON and BABUL BARMAN | 2020-12-25 00:00:00

Shares of Robi Axiata surged 50 per cent to Tk 15 on Thursday in debut trading in what can be interpreted as a positive gesture by investors.Such an increase in debut trading is the highest limit set by the regulator.Critics...

Govt declares Halda Bangabandhu Fisheries Heritage

NAZIMUDDIN SHYAMOL | 2020-12-25 00:00:00

CHATTOGRAM, Dec 24: Government has declared the river Halda as Bangabandhu Fisheries Heritage.The Ministry of Fisheries and Livestock issued a circular on Thursday in this regard.In the circular, the ministry declared the river Halda and also the 23,422 acres of...

A new strain, a new problem

Shamsul Huq Zahid | 2020-12-25 00:00:00

The new coronavirus strain found in the United Kingdom (UK) has heightened worries worldwide. Scientists are yet to know details of the new strain which is more easily transmissible--up to 70 per cent--- than other known corona strains. However, the...

Collaboration between development practitioners and government

Nilratan Halder | 2020-12-25 00:00:00

The formation of a platform with as many as 500 non-government organisations (NGOs) and civil society organisations (CSOs) is a gigantic step, the like of which was never taken before in this country. Its purpose, as eminent economist Wahiduddin Mahmud...

Why hybrid rice is not gaining popularity in Bangladesh

Khondoker Abdul Mottaleb | 2020-12-25 00:00:00

Rice is crucial to ensure food and dietary energy security of Bangladesh. In terms of per capita rice consumption, Bangladesh is ranked as the top in the world, which is yearly per capita 268.5 kg. The share of rice in...

ADB cancels tender for wagon purchase

MUNIMA SULTANA | 2020-12-24 00:00:00

The Asian Development Bank (ADB) has cancelled a tender of its funded project for buying 700 wagons for the Bangladesh Railway (BR) on allegations of 'inefficiency' in procurement process.The Manila-based lending agency has also withdrawn its technical support for a...

Big businesses face system mismatch

DOULOT AKTER MALA | 2020-12-24 00:00:00

The VAT authority has moved to prepare a 'uniform end user' system for the large taxpayers to facilitate submitting VAT returns online without confronting any problem that they were facing with the existing platform.The VAT Online Project (VOP) recently sought...

Human rights in doldrums

Helal Uddin Ahmed | 2020-12-24 00:00:00

Adopted 72 years ago by the United Nations, the Universal Declaration of Human Rights (UDHR) was meant to ensure basic rights and fundamental freedoms across the globe. Its thirty articles contain provisions for upholding equality before law, rights and dignity...

No case filed in one decade

DOULOT AKTER MALA | 2020-12-23 00:00:00

The existing Domestic Violence (Prevention and Protection) Act-2010 proved ineffective to shelter the distressed women in one decade due to its flaws.It has been found that no cases had been filed in the last one decade in many districts seeking...

Launch of metro rail by Dec '21 uncertain

MUNIMA SULTANA | 2020-12-23 00:00:00

Like other mega projects, the metro rail projects have also suffered slow implementation progress in the outgoing year due to coronavirus pandemic, making uncertain the launch of the first MRT line by December 2021.Sources said that almost all the foreign...

Aman output to drop 1.53m tonnes this yr

YASIR WARDAD AND REZAUL KARIM | 2020-12-23 00:00:00

A state research institute---the BRRI--- estimates that the production of Aman rice this year will be 1.53 million tonnes less than that of the previous season due to consecutive spells of flooding in 35 districts during the June-October period.The Bangladesh...

Danger lurks in 2nd wave

Siddique Islam | 2020-12-23 00:00:00

The slower global economic recovery amid the second wave of Covid-19 may hinder Bangladesh's effort to overcome the fallouts from the pandemic's first hit, according to a latest Bangladesh Bank (BB) report released on Tuesday.It said the pace of recovery...

What is really new in fintech

Arnoud Boot, Peter Hoffmann, Luc Laeven and Lev Ratnovski | 2020-12-23 00:00:00

The financial industry is undergoing rapid technological change. Traditional banks face competition from online start-ups with no physical branches. Social media and other digital platforms are expanding into payments and credit. The increase in demand for digital services triggered by...

BJP husband, TMC wife . . . and politics in the family

Syed Badrul Ahsan | 2020-12-23 00:00:00

Soumitra Mondal Khan, a BJP member of the Indian parliament, broke down in Kolkata the other day while dwelling on his grief before the media. The grief related to his wife Sujata's joining the Trinamul Congress (TMC). The TMC, complained...

Public food transfers during pandemic: Insights from an IFPRI survey in Bangladesh

Shyamal Chowdhury, Nahian Bin Khaled, Kalyani Raghunathan and Shahidur Rashid | 2020-12-23 00:00:00

Public food transfer programmes act as a lifeline for many poor households that might otherwise live with constant food insecurity and the threat of hunger. Such programmes are important for the poor and vulnerable in low-income countries such as Bangladesh,...

Covid creates storm for NBR

DOULOT AKTER MALA | 2020-12-22 00:00:00

COVID-19 has taken a toll on the country's revenue collection since April of this year, with most months recording negative growth.Since the economic activities were sluggish, VAT collection slumped, so were income tax and customs duty.The revenue collection growth picked...

Govt moves to give cash incentives to freelancers

SYFUL ISLAM | 2020-12-22 00:00:00

The government has moved to bring freelancers under the purview of incentives or cash support against their earnings through exporting services.The move to patronise the online workers has been taken to lure more youths into the sector to enhance foreign...

Covid-19 induced losses and ensuring food security for vulnerable groups

Khondoker Abdul Mottaleb | 2020-12-22 00:00:00

According to the online database of worldometer, until December 20, 2020, more than 77 million people in 220 countries and territories have been taken ill by the severe acute respiratory syndrome coronavirus-2 (SARS-CoV-2) or Covid-19. By that time, the Covid-19...

Towards a clean energy future

Syed Fattahul Alim | 2020-12-22 00:00:00

Today's life is inconceivable without mobile phones. The handsets have meanwhile reached every home in most countries of the world. Bangladesh Telecommunication Regulatory Commission (BTRC) reports that in November 2020, the number of mobile phone subscribers reached 168.36 million. Assuming...

Nov import costs go up

SIDDIQUE ISLAM | 2020-12-21 00:00:00

The country's spending on imports increased slightly in November, lifted by an uptrend in petroleum prices in the international market.The coronavirus vaccines rollout in the United States and the United Kingdom has also pushed up the oil prices in the...

Urban solid waste management: A paradigm shift towards circular economy

Mowshumi Sharmin and Rafiul Islam | 2020-12-21 00:00:00

At present there is a growing concern in favour of sustainable solid waste management (SWM) issue in developing economies including Bangladesh due to the current growth in waste generation in these countries. Put it that way, further light is being...

Involving students with learning process

Neil Ray | 2020-12-21 00:00:00

By the time the latest extension of closure of educational institutions in the country till January 16 takes effect, the duration of closure will complete as long as 10 months. In effect this is as long a period as an...

Time to pay attention to the rice market

Shamsul Huq Zahid | 2020-12-21 00:00:00

The money spent on rice does have a small share in the daily food bill of a middle-class or an affluent family. This is because they consume a small quantity of rice along with many other food items. However, the...

2020 ends with poor progress in projects

MUNIMA SULTANA | 2020-12-20 00:00:00

The year 2020 is going to end with the relatively slow progress in the country's fast-track, mega road and rail transport projects amid coronavirus pandemic.The global crisis that began in Wuhan city of China last December first hit the projects...

IPO mkt vibrant in Covid year

Jasim Uddin Haroon and Babul Barman | 2020-12-20 00:00:00

Private companies have offloaded primary shares worth Tk 9.62 billion in the outgoing year, the highest amount in last six years, amid Covid-induced sluggish economic activities.With the latest one of Mir Akther Hossain, the country's capital market witnessed eight initial...

Poor Economics

Hasnat Abdul Hye | 2020-12-20 00:00:00

The meaning intended by the authors of 'Poor Economics' (Abhijit Banerjee and Esther Duflow -- the Nobel Lauriate duo) is Derridian in import, inviting de-construction of the words. What the title suggests is not that the brand of economics the...

LPG policy 'favours' biggies

DOULOT AKTER MALA | 2020-12-19 00:00:00

Smaller liquefied petroleum gas (LPG) cylinder producers are finding it difficult to comply with operating and licensing policy, industry insiders alleged.The policy set a mandatory limit of storage capacity 5,000 tonnes for the LPG marketing companies, which is not possible...

IFC seeks to bankroll construction

SYFUL ISLAM | 2020-12-19 00:00:00

The International Finance Corporation (IFC) is interested in investing in the construction of the proposed Bay Terminal in Chattogram.The Singapore-based PSA International is now conducting a feasibility study on the project.IFC officials have recently informed shipping ministry of its involvement...

Stocks keep gaining amid choppy trading

Babul Barman | 2020-12-19 00:00:00

Stocks posted a marginal gain, extending the gaining streak for the third straight week, as the optimistic investors continued their buying appetite on sector-wise issues amid positive expectation. The week featured four trading days as the market remained closed on...