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SMEs: Keeping engine of growth in motion

Md Mazadul Hoque | 2020-11-21 00:00:00

The country's small and medium enterprises (SMEs) are not in a good state at all amid the Covid-19 pandemic. The deadly virus caused disruption to their production and sales. Nearly eight million entrepreneurs in the sector are incurring losses due...

Strengthening banking sector for post-COVID recovery

Tapash Chandra Paul | 2020-11-21 00:00:00

The banking sector in Bangladesh has been diligently navigating the unprecedented COVID-19 crisis since the beginning. Initially, the sector has successfully met the cash flow challenges in the economy during the general holiday (shutdown) period with some regulatory relaxations in...

Facing the second wave

Syed Fattahul Alim | 2020-11-21 00:00:00

Over the past few months there were a lot of musings if a second wave of Covid-19 pandemic would after all strike Bangladesh and if so when. If it so does, it might be during the coming winter, some suggested...

Mini-tax fairs start picking up pace

DOULOT AKTER MALA | 2020-11-20 00:00:00

Mini-tax fairs have started gaining momentum in the tax zones across the country with only 10 days left for submission of tax returns by individual taxpayers.The deadline for submission of tax returns by individual taxpayers will expire on November 30...

Pharma cos seek exemption from import duties

REZAUL KARIM | 2020-11-20 00:00:00

Country's drug makers have sought an exemption from all sorts of related duties and taxes on import of plastic items used in packaging exportable drugs, officials and industry insiders said.Currently, the government imposes 127.72 per cent, 58.60 per cent and...

Why China will become a superpower

Nilratan Halder | 2020-11-20 00:00:00

The coming into existence of the world's largest free trade bloc is the most significant development on the economic front the planet has known since the beginning of the pandemic. It has been formed at a time when political bickering...

The shape of economic recovery

Rizwanul Islam | 2020-11-20 00:00:00

The global economy seems to be coming out of the deep recession induced by the COVID-19 pandemic. Major developed countries, e.g., USA, UK, France and Germany attained positive GDP growth in the third quarter of this year compared to the...

BBA moves to raise toll

MUNIMA SULTANA | 2020-11-19 00:00:00

The Bangladesh Bridges Authority (BBA) has initiated to increase toll of two major bridges by 20 to 100 per cent depending on the categories of vehicles.One is Bangabandhu Multipurpose Bridge and the other is Bangladesh-China Friendship Bridge, popularly known as...

Container handling at Ctg port goes up

SYFUL ISLAM | 2020-11-19 00:00:00

Export-import trade through the Chittagong port is showing a positive trend this month compared to last month, despite fear of the second wave of Covid-19 pandemic.Until November 15, some 31,844 TEUs (twenty-foot equivalent units) of containers were shipped through the...

NBR moots no deal if trade gap is wide

DOULOT AKTER MALA | 2020-11-19 00:00:00

The revenue board has suggested refraining from signing any free trade or preferential trade agreements with the countries having huge trade gap with Bangladesh.Free trade agreement (FTA) or preferential trade agreement (PTA) with India, China, Thailand, Malaysia and Indonesia should...

Capital market slump weighs on MF industry

MOHAMMAD MUFAZZAL | 2020-11-19 00:00:00

The country's mutual fund (MF) industry remains smaller than many regional countries, including neighbouring India.For instance, India's MF industry has outsized Bangladesh's gross domestic product (GDP), thanks to top-notch professionalism of the Indian fund managers and aggressive marketing. The GDP...

Daniel new Director of MTB

Daniel new Director of MTB | 2020-11-19 00:00:00

Daniel de Lange, as the representative of Norfund (The Norwegian Investment Fund for developing countries), has recently replaced Herbert Ludwig Jaeger and been appointed as a Director of Mutual Trust Bank Limited (MTB), said a statement. Norfund holds 9.53 per...

CPA signs deal for hydraulic survey of Karnaphuli

NAZIMUDDIN SHYAMOL | 2020-11-19 00:00:00

CHATTOGRAM, Nov 18: Chittagong Port Authority (CPA) signed an agreement with HR Waling Ford Company of the United Kingdom (UK) for hydraulic survey of the river Karnaphuli on Tuesday evening. The High Commissioner of UK to Bangladesh Robert Chatterton Dickson,...

Canva, a youth-friendly designing tool

Anadil Maisha | 2020-11-19 00:00:00

Young people who are not so familiar with the basics of Adobe Photoshop, Illustrator for making social media posts and covers often find these tasks quite daunting. But, since the inception of Canva, a user-friendly designing platform, those tasks mentioned...

Bringing home fantasy sports and gaming

Sanzar Adnan Alam | 2020-11-19 00:00:00

Fantasy sports platforms have been gaining popularity in the subcontinent since the advent of platforms like India's Dream 11 and Mobile Premier League (MPL.) Game Plan was born with the idea of feeding intelligent entertainment to Bangladeshi sports enthusiasts. Bangladeshis,...

Protecting expatriate workers

Helal Uddin Ahmed | 2020-11-19 00:00:00

The remittances sent home by Bangladeshi expatriate workers in recent times, especially since the advent of Covid-19 pandemic, have been contributing a lot towards revamping the country's economy. An upward trend has been observed in the inflow of remittances since...

Remembering -- a pioneer in Islamic Banking

Foyasal Khan | 2020-11-19 00:00:00

M. Azizul Huq, who may be aptly described as the doyen of Islamic banking in Bangladesh, passed away on November 12, 2020 at the Combined Military Hospital (CMH), Dhaka. The Central Shariah Board of Islamic Banks of Bangladesh (CSBIB) announced...

A tech role model for Nigeria

Elo Umeh | 2020-11-19 00:00:00

In 2018, African start-ups were celebrating: they had raised nearly $1.2 billion in equity - a 108.0 per cent increase from the previous year. And last year, Nigerian financial-technology (fintech) companies set an even more impressive record, raising $360 million...

BBA picks four routes

MUNIMA SULTANA | 2020-11-18 00:00:00

The authority concerned has planned to develop a subway network by establishing four routes in the city by 2030 at an estimated cost of US$ 32 billion, sources said.Bangladesh Bridge Authority (BBA) has finalized the four routes after a feasibility...

Good taste of food at restaurants is not all

Hasnat M. Alamgir | 2020-11-18 00:00:00

A research study published in 2019 investigated cleanliness practices, amenities and food handling behaviour in restaurants and street food vendors of Bangladesh. During their spot checks, only 33 per cent restaurants were found to have soap and water at locations...

BD to seek relaxation of APTA rules of origin

REZAUL KARIM | 2020-11-17 00:00:00

Bangladesh is set to put forward some proposals including seeking relaxation of Asia Pacific Trade Agreement (APTA) rules of origin during the ensuing Foreign Office Consultation (FOC) meeting, officials said. The Bangladesh side will also request Chinese entrepreneurs to set...

Customs locks 750 BINs for flouting bond rules

DOULOT AKTER MALA | 2020-11-17 00:00:00

The customs authority has locked Business Identification Numbers (BINs) of 750 apparel units for their failure to submit export-import documents for auditing.As per the customs rules, exporters cannot carry out the export-import activities without BINs.In a recent survey, the customs...

Work on deep-sea port begins

Nazimuddin Shyamol | 2020-11-17 00:00:00

CHATTOGRAM, Nov 16: Work on the deep-sea port at Matarbari in Cox's Bazar formally started on Monday. "The foreign consultancy company for the dream project held a meeting with us today and started the work formally," chairman of Chattogram Port...

Mental health a neglected sector

Syed Fattahul Alim | 2020-11-17 00:00:00

Any death is painful. And it is more so if it happens at a healthcare facility. But it becomes an outrage if the death occurs as a result of excesses committed by the people passing for health professionals. Last week...

Equitable access to COVID-19 vaccines -- massive challenge in a polarised world

Delwar Hossain | 2020-11-17 00:00:00

When Covid-19 first emerged as a global pandemic, people around the world expected to see the virus defeated through the advent of a new vaccine. Even though inventing methods of inoculation against novel viruses is always a daunting task, most...

Rethinking financing of SDGs: Private sector to the rescue

Mohammad Nazmul Avi Hossain | 2020-11-17 00:00:00

Bangladesh has only ten more years to achieve the targets of sustainable development goals followed by its robust success in attaining crucial milestones in millennium development goals. In business as usual case, with an unprecedented GDP growth rate of over...

BD, Korea set timeframe for finalising PPP projects

MUNIMA SULTANA | 2020-11-16 00:00:00

Bangladesh and South Korea have fixed a timeframe for finalising the projects to be implemented under government-to-government (g-2-g) public-private partnership (PPP) arrangements by next three months.Sources said the timeframe has been set with a target of preparing at least one...

Robi's giant IPO hits market tomorrow

JASIM UDDIN HAROON & BABUL BARMAN | 2020-11-16 00:00:00

Robi, the country's second-largest mobile phone operator, is set to launch the initial public offering (IPO) tomorrow (Tuesday). The IPO being the largest one will dwarf the one floated by its main market rival---the Grameenphone (GP)--- back in 2009 .The...

China's economic recovery set to benefit the world

Li Jiming | 2020-11-16 00:00:00

China's major economic indicators entered positive territory in the third quarter of this year, showing the country's Covid-19 prevention and control measures and economic recovery remain at the forefront among the world's major economies. Amid a landscape of doom and...

Extraordinary life of a newspaper hawker

Neil Ray | 2020-11-16 00:00:00

She is not held in high esteem but she does not care. Hers is what society considers a lowly vocation ---hawking newspaper. But the elderly woman named Dil Afroz Khuki in her 60s sees nothing wrong with what she honestly...