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The unfolding 4th Industrial Revolution

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

One big issue that is being talked about in business, the academia and every forum concerned about human problems nowadays is the Fourth Industrial Revolution. The subject matter of all such discussions is how it is going to impact us...

Addl 1.0pc general provision against unclassified loans

SIDDIQUE ISLAM | 2020-12-11 00:00:00

The central bank has imposed additional 1.0 per cent general provision against all unclassified loans aiming to improve financial health along with shock absorbing capacity of banks, officials said. Under the new policy, all scheduled banks will have to keep...

NBR sees tax target unmet

DOULOT AKTER MALA | 2020-12-11 00:00:00

The revenue authority faced a Tk 275.56 billion shortfall in tax collection until November of the current fiscal year against its target due to sluggish economic activities amid the COVID-19 pandemic.Tax collection registered a minuscule 1.18 per cent growth, compared...

Padma Bridge’s full length takes shape

MUNIMA SULTANA | 2020-12-11 00:00:00

The country's longest 6.15-kilometre road-cum-rail bridge over the Padma is now visible with the installation of the last span on its piers on Thursday.With this, the setting up of composite steel truss structures on the bridge was also completed.The Chinese...

Inconsistencies in economic performance

Shamsul Huq Zahid | 2020-12-11 00:00:00

Economists, politicians and businesses at a virtual discussion, held recently under the auspices of a private think tank, asked the government to find the answer to a question that has been more of an enigma than anything else. The question...

Gloom gathers on the eve of winter

Nilratan Halder | 2020-12-11 00:00:00

Agrahayan, the last month of Hemanta or late Autumn or Fall is yet to be over. But for the past week the season has started behaving as if it is late Poush when fog envelops the surrounding. Such dense fog...

Navigating capital flows: An integrated approach

Tobias Adrian, Gita Gopinath and Ceyla Pazarbasioglu | 2020-12-11 00:00:00

In a continuous effort to help countries manage volatile cross-border capital flows, the International Monetary Fund (IMF) has taken a major step toward a new analytical macroeconomic framework that can guide appropriate policy responses. The work reflects evolving thinking on...

Challenges for graduating LDCs

Helal Uddin Ahmed | 2020-12-10 12:00:00

A country is classified as a least developed country (LDC) by the United Nations (UN) based on its statuses of poverty, human resource weaknesses and economic vulnerabilities. The Istanbul Programme of Action (PoA) for LDCs for the decade 2011-20 included...

Padma bridge sees last span installation today

MUNIMA SULTANA | 2020-12-10 00:00:00

The Padma bridge project is set to reach a new height as the last steel truss span may be installed today (Thursday) to make the 6.15-kilometre bridge visible.Sources said the span has already been taken to the Mawa site to...

China wants to help BD on Covid vaccine issue

ISMAIL HOSSAIN | 2020-12-09 00:00:00

Chinese ambassador in Dhaka Li Jiming expressed his country's interest in working with Bangladesh in the production and distribution of vaccines to fight the Covid-19 pandemic.He said China, side by side guarding itself from a possible second wave, has been...

Another pvt bank gets go-ahead

SIDDIQUE ISLAM | 2020-12-08 00:00:00

Bangladesh Bank (BB) on Monday gave its seal of approval to Citizen Bank Limited, asking the lender to boost paid-up capital to Tk 5.0 billion within two years.The board of directors of the central bank took the decision at a...

NBR scraps tax rebate on Petrobangla's LNG import

Doulot Akter Mala | 2020-12-08 00:00:00

The National Board of Revenue (NBR) has scrapped tax rebate facility on import of liquefied natural gas (LNG) by the Petrobangla.The NBR's VAT Policy Wing issued a directive on Monday, explaining the reasons behind withdrawing the facility.The board said the...

Today's wunderkinds

Syed Fattahul Alim | 2020-12-08 00:00:00

In this age of internet, gifted people can draw society's attention instantly. In the 1920s and early 1930s the radio was the wonderful medium that could instantly reach the farthest corner of the world. And people having special talents could...

Building an EU-Africa partnership of equals

Carlos Lopes | 2020-12-07 12:00:00

This was supposed to be the year Europe and Africa redefined their relationship. In March, the European Commission unveiled its vision for a "comprehensive strategy with Africa," intended to kick-start a six-month consultation process, which would culminate at the European...

VAT rules unclear

Doulot Akter Mala | 2020-12-07 00:00:00

The absence of specific method in the VAT rules has made it difficult for the taxmen to freeze bank accounts of non-compliant businesses, deepening fear of the potential legal issues, tax officials say.The Value Added Tax (VAT) and Supplementary Duty...

Big companies ‘in queue’ to go public

Mohammad Mufazzal | 2020-12-07 00:00:00

Some big companies would go public as few of those were waiting for necessary approval and others taking preparation.Presently, a good number of companies such as Rupali Bank, Union Bank, NRB Global, and Omera Petroleum were in the pipeline, Bangladesh...

Banks to struggle under heavier NPL burden

SIDDIQUE ISLAM | 2020-12-07 00:00:00

Banks are going to face substantial pressure originating from an ever-bulging defaulted loans in the next years as the regulatory support in this particular area is due to expire by the end of this calendar year, bankers and experts say.They,...

Rohingya relocation at Bhasan Char

Neil Ray | 2020-12-07 00:00:00

At long last the first batch of 1,642 Rohingya refugees could be relocated to Bhasan Char from their crammed shanties in camps of Cox's Bazar. Not many including the UN agencies and other international rights and donor groups welcomed this...

Banks basking in artificial comfort

Shamsul Huq Zahid | 2020-12-07 00:00:00

Most businesses have gone through a tough time since the start of the pandemic in March this year. They are, however, not out of the woods though economic activities have started picking up albeit at a slow pace. Banks are...

Remittances and international reserves

M A Taslim | 2020-12-07 00:00:00

Remittances are a large source of foreign exchange receipts of the country. Since all remittances in foreign exchange have to be surrendered to Bangladesh Bank in exchange for taka, and the foreign exchange is added to the stock of international...

Virus takes wind off development sail

Nazimuddin Shyamol | 2020-12-07 00:00:00

The major development projects of Chattogram were hampered by the coronavirus outbreak in the current year. During the government-enforced lockdown periods early this year due to the Covid-19 outbreak, the progress in work almost came to a halt. But, after...

Embryology and Quranic science

Engr. Mohammad Shahidul Alam | 2020-12-07 00:00:00

Today, one may be a highly educated citizen of a wealthy family living in modern society with the internet at one's fingertip. However, in order to begin to understand the extraordinary contents in the holy Quran, one go hundreds of...

Designing better economies for pandemics

Saif Mahmud and Tahmid Islam | 2020-12-07 00:00:00

The ongoing coronavirus pandemic has shown how brittle the world economy is. Millions of people have lost their livelihoods, homes, means to education, and luxuries amidst this pandemic.It is uncertain when the economies will bounce back to their pre-pandemic levels,...

Necessity of commodity exchanges in Bangladesh

Nazmul Khan | 2020-12-07 00:00:00

The desire to manage or eliminate risk is one of the most entrenched traits of humanity. This is underpinned by the necessity of security against the possibility of ruin that provides the impetus for our evolution as a species and...

Social protection in the time of Covid-19: Is Bangladesh doing enough?

Asad Islam and Hashibul Hassan | 2020-12-07 00:00:00

Most countries in the world have had to take different degrees of lockdown and social distancing measures to limit the spread of the coronavirus disease (COVID-19). Although critical in containing the Covid-19, these measures have also triggered an unprecedented economic...

Twilight years of a journalistic career

Nilratan Halder | 2020-12-07 00:00:00

Never did I have an inkling that I would ever work for a business newspaper much less spend a better part of my journalistic career which is now two years shy of four decades. At the time of my debut...

BRR: A matter of minutes that takes uncounted working days

Munima Sultana | 2020-12-07 00:00:00

That bus route rationalisation (BRR) is not possible in the Dhaka city is a common public perception, a perception which has come out of the experience people have gathered by witnessing the city's chaotic traffic, indiscipline and union-controlled transport sector.Both...

Covid-19 lockdowns: A test for mental well-being of older adults

Selim Jahangir, Syeda S. Mowri, Shanawez Hossain, Musleh Uddin Hasan and Ajay Bailey | 2020-12-07 00:00:00

The Covid-19 pandemic and imposition of lockdown have changed the modal choices and mobility pattern of the older adults in Bangladesh. The restricted mobility has also influenced the psychological well-being of the older adults amid the pandemic. A survey carried...

Sneak peek at game development in Bangladesh

Max Vergil | 2020-12-07 00:00:00

By now, most of us have likely heard that the game industry is a billion dollar industry, that it has overtaken all other media markets combined in sales, and that the future of entertainment are games. While all of these...

Rethinking money: Development of currency in ancient world

Readus Shaleheen Jawad | 2020-12-07 00:00:00

When human civilisation was in its infancy, people used to barter one thing for another. But because humans are rational creatures, they discovered that it would be more convenient and efficient for them to select an almost universal medium of...