Doulot Akter Mala | 2022-05-27 00:00:00
Huge foreign currencies go out for fish import despite Bangladesh being self-sufficient in fisheries production, at a time when the government goes all out to replenish its reserves. The country ranked third in fish production in the world, fifth in...
SIDDIQUE ISLAM | 2022-05-27 00:00:00
Bangladesh's top bankers are going to suggest the central bank to let the local currency depreciate further by nearly Tk 2.0 against the US dollar to manage the intractable foreign-exchange market.The decision was made at a joint meeting of the...
Nilratan Halder | 2022-05-27 00:00:00
Passionately called the lungs of an ailing Dhaka City, Hatirjheel outwardly looks smart and healthy. But it is so more like those of a cancer patient. Without the best of cares, revival of its health is a distant dream. The...
Farzana Nahid and Nahin Sultana | 2022-05-26 12:00:00
Startups are never about ultimate perfection, rather are an interactive process of continual development. The founders do not know it all from the beginning but learn in the process as they grow. While innovation is the soul of startups, scalability...
Doulot Akter Mala | 2022-05-26 00:00:00
Tasked with pooling higher funds for financing steadily increasing national budget, the revenue authority now moves to automate the corporate tax-return filing for the ease of business taxpayers. Officials say that effective from fiscal year 2023-24, the 'corporate e-return' system...
Siddique Islam | 2022-05-26 00:00:00
A bankers' summit meet is going to set rules on how to manage the ongoing volatility on Bangladesh's foreign-exchange market, in the cusp of a global financial crunch. Officials say the central bank will sit with top bankers today (Thursday)...
NAZIMUDDIN SHYAMOL | 2022-05-26 00:00:00
CHATTOGRAM, May 25: The construction work of Patenga Container Terminal (PCT) is progressing smoothly with a view to starting its operations in the current year, officials said.Some 90 per cent of the construction work of the PCT of Chittagong Port...
REZAUL KARIM | 2022-05-26 00:00:00
Amid soaring prices of wheat following the Indian export ban, Bangladesh High Commission in Australia has suggested that the government take steps to import wheat from Australia through private arrangement. To this end, the high commission in Canberra has submitted...
Golam Mortaza | 2022-05-26 00:00:00
In a recent article at an English Daily, renowned economist Professor Wahiduddin Mahmud tried to point out the structural problem of continued low level of revenue-GDP ratio in Bangladesh. He argued that the country's 'tax-GDP ratio, which is one of...
Syed Badrul Ahsan | 2022-05-26 00:00:00
Students of public universities residing in the halls of the institutions are trapped in a crisis not of their making. With a very large number of them coming from very humble backgrounds, they have of late been finding it hard...
Hasnat Abdul Hye | 2022-05-26 00:00:00
She is not the type who, either by force of habit or through the subterranean working of innate nature, indulges, even if occasionally, in sensational and dramatic pronouncements, ruffling the feathers of others, including peers. But when Nancy Pelosi, the...
SIDDIQUE ISLAM | 2022-05-25 00:00:00
The central bank on Tuesday issued a fresh directive for quoting rates to the overseas exchange houses engaged in remitting money, aimed at reining in volatility on the forex market.The authorised dealer (AD) banks have been asked not to quote...
MUNIMA SULTANA | 2022-05-25 00:00:00
The Padma Bridge is scheduled to open for road traffic on June 25 next, establishing a direct link between the capital and southwestern regions of the country.Prime Minister Sheikh Hasina will inaugurate the country's longest multipurpose bridge over the river...
Doulot Akter Mala | 2022-05-25 00:00:00
Phasing out fiscal protection to local industries begins in the upcoming fiscal year by way of taxing those as Bangladesh prepares for open competition after LDC graduation, sources say.In the opening-up process the government is set to impose nominal taxes...
MOHAMMAD MUFAZZAL | 2022-05-24 00:00:00
Trade operators are set to receive around Tk 3.0 billion in immediate injection from the capital-market refinancing scheme worth 10.09 billion, amid government intervention to stimulate the bourses.The supervision committee on the stock-market refinancing scheme sits today (Tuesday) to discuss...
SIDDIQUE ISLAM | 2022-05-24 00:00:00
The Bangladesh Taka (BDT) has further depreciated significantly against the US dollar mainly due to higher demand for the greenback for settling import-payment obligations.The local currency lost its value by 40 paisa in the inter-bank foreign-exchange (forex) market on Monday,...
DOULOT AKTER MALA | 2022-05-24 00:00:00
Bangladesh ramps up belt-tightening measures to save its foreign-exchange reserves with two more fiscal interventions like increase in regulatory duty on over 200 import items and relaxing remittance rules.Officials say the government's revenue board has decided to slap additional regulatory...
Syed Fattahul Alim | 2022-05-24 00:00:00
The World Health Organisation (WHO) says 100 confirmed or suspected cases of monkeypox, which is a zoonotic disease as it can pass from animals to humans, have been detected in Europe. Cases have also been detected in North America and...
A F M Mainul Ahsan | 2022-05-24 00:00:00
The role of an inclusive pension system in any society is increasingly important to ensure that future retirees will have sufficient funding to retain their standard of living at the end of their working life. However, the newly proposed Universal...
MUNIMA SULTANA | 2022-05-23 00:00:00
Challenges still exist in completing construction of the First Dhaka Elevated Expressway (FDEE) from Hazrat Shahjalal International Airport (HSIA) to Shonir Akhra of the Dhaka-Chattogram Highway by next year.Officials of Italian-Thai Development Public Company said 80.66 per cent progress in...
Doulot Akter Mala | 2022-05-23 00:00:00
The government envisages fresh baits for repatriating siphoned-off money with a budgetary measure allowing Bangladeshi-passport holders to get their 'black money' whitened with penal tax.The new measure, first of its kind, may be incorporated into the Finance Bill 2022, to...
Neil Ray | 2022-05-23 00:00:00
With the economic crisis deepening almost all across the world, how do the media, print media in particular, fare? The news is bad for newspaper industries everywhere except in India where it is experiencing a robust growth. In case of...
REZAUL KARIM | 2022-05-22 00:00:00
Entrepreneurs seek a cut in the limit of local value addition to leather products, as a condition for availing export incentives, to 20 per cent.Sources say the Leather Goods and Footwear Manufacturers And Exporters Association of Bangladesh (LFMEAB) has requested...
DOULOT AKTER MALA | 2022-05-22 00:00:00
The revenue authority has given the go-ahead to join the critical maritime routes Indo-Pacific project CRIMARIO-II of the European Union (EU).The initiative will help ensure maritime security and drug trafficking through security software.CRIMARIO-II is a four-year EU-funded project at €7.5...
Siddique Islam | 2022-05-22 00:00:00
The apex body of dealer banks has submitted six-point proposals to the central bank for stabilising the ongoing volatility in the country's foreign exchange (forex) market.The Bangladesh Foreign Exchange Dealers' Association (BAFEDA) suggested the Bangladesh Bank (BB) providing the state-owned...
Asjadul Kibria | 2022-05-22 00:00:00
When inflation is soaring across the world, the situation in Bangladesh is slightly different. The country is also feeling the pinch of price inflation but at a lower rate, at least officially. The national statistical agency released the latest monthly...
Syed Fattahul Alim | 2022-05-21 12:00:00
Skipping unnecessary expenditures is the time-tested way of surviving crisis time. In modern-day economic management, the same belt-tightening steps under the rubric of austerity measures are suggested by experts when a country's economy falls on hard times. At present the...
Ismail Hossain | 2022-05-21 00:00:00
The government is going to launch an app and a website on a pilot basis to manage complaints of customers against various e-commerce platforms, according to the authority concerned. The digital system, called the Central Complaint Management System (CCMP), is...
SYFUL ISLAM | 2022-05-21 00:00:00
Planned foreign investment in Bangladesh's state-owned sugar mills to run under joint management hits twin barriers, officials say, while the sweetener's price climbs unreachable highs. Long-outstanding large loans from state banks and the requirement of sovereign guarantee are considered as...
BABUL BARMAN | 2022-05-21 00:00:00
Stocks witnessed yet another major setback in the week to Thursday as nervous investors rushed to dump their holdings to avoid further erosion of their portfolios.The week saw four trading days instead of usual five days as the market remained...
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