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The memory streets of Dhaka

Syed Badrul Ahsan | 2024-05-16 00:00:00

Despite your feelings about the city, Dhaka remains a place of warmth. Yes, it is a sprawling urban slum these days, with twenty million people crammed into it. The spaces we once knew in our childhood are all gone. The...

Raising age limit for govt jobs is no panacea

Atiqul Kabir Tuhin | 2024-05-16 00:00:00

The decade-old demand of jobseekers to raise the maximum age to applying for government jobs from 30 to 35 years has again resurfaced following Education Minister Mohibul Hassan Chowdhury's recent letter to the Ministry of Public Administration. In his letter,...

Tensions ease as hijacked ship with 23 crew returns to Ctg port

NAZIMUDDIN SHYAMOL | 2024-05-15 00:00:00

CHATTOGRAM, May 14: The hijacked ship, MV Abdullah, finally came back with all 23 sailors aboard to Chittagong Port on Tuesday afternoon, easing mounting tensions.The sailors' family members thronged the port jetty to receive them with flowers. They cried with...

Mind your mobile marathon

DOULOT AKTER MALA | 2024-05-15 00:00:00

Mobile-phone talk may get costlier as the revenue authority is said to have received prime minister's nod to impose higher tax on phoning in a package of fiscal measures.The National Board of Revenue (NBR) is bent on increasing the Supplementary...

The political economy of Teesta river

Hasnat Abdul Hye | 2024-05-15 00:00:00

There was nothing unusual about the visit of the Indian foreign secretary to Bangladesh last week. Given the fact of being the closest and most pervasive neighbour of Bangladesh and having a very cordial mutual relation, to boot, such visits...

Establishment of Israel involved a monumental injustice to the Palestinians: Avi Shlaim

Asjadul Kibria | 2024-05-15 00:00:00

Avi Shlaim is a Fellow of St Antonys College and a Professor of International Relations at the University of Oxford. He was born in Baghdad in 1945 and grew up in Israel. He is one of the prominent ‘revisionist’ historians...

How excessive TV consumption disrupts productivity

NOWSHABA ACHAL | 2024-05-15 00:00:00

Imagine a relaxing weekend afternoon when you start to watch a show with the intention of watching only one episode. But before you realise how time has passed, you end up watching an entire season. This is a common scenario...

China pullout leaves Dhaka elevated expressway in funding limbo

GULAM RABBANI | 2024-05-14 00:00:00

The funding for the Dhaka Elevated Expressway project remains in limbo months after Chinese lenders halted financing in January 2024.Contractors for the project, whose alleged violation of contracts led to the Chinese funding drying up, say they began searching for...

Govt targets Tk 4.8 trillion tax haul in FY25

DOULOT AKTER MALA | 2024-05-14 00:00:00

The government is likely to set a Tk 4.80-trillion tax-revenue-collection target for the National Board of Revenue in the next fiscal year, according to sources, which will be a 17.07-per-cent increase over the revised target of Tk 4.10 trillion for...

Inflation control, FDI increase core instructions

SYFUL ISLAM | 2024-05-14 00:00:00

Curbing inflationary pressures on people, enhancing revenue, discouraging import of luxury items and augment foreign direct investment (FDI) are must-do instructions for finance officials finalising next fiscal budget. They also have to make sure that the election manifesto of the...

The ever eruptive kitchen market

Syed Fattahul Alim | 2024-05-14 00:00:00

The country's central bank, Bangladesh Bank (BB), has been trying to rein in inflation by reducing money supply, and to this end has raised the policy rate (the rate at which commercial banks borrow money from central bank) to 8.5...

Why to sign EPA with Japan at a good speed?

Abdullah-Al-Mamun | 2024-05-14 00:00:00

Bangladesh will surely have an improved brand image after the LDC graduation in 2026. However, the items on the list of challenges will be increased, particularly in the area of international trade, where the country will lose preferences and privileges...

Biman captain gets only 'letter of caution'

GULAM RABBANI | 2024-05-13 00:00:00

A captain of the Biman Bangladesh Airlines has got only a 'letter of caution' though he committed an offence of death penalty or life imprisonment with a Tk 50-million fine.Ali Rubyat Chowdhury, a captain of Dash-8 Q400 aircraft, committed offence...

MV Abdullah with 23 sailors arrives in Ctg tomorrow

NAZIMUDDIN SHYAMOL | 2024-05-13 00:00:00

CHATTOGRAM: Finally, the anxiety and tension experienced by the family members of the Bangladeshi flag carrier ship MV Abdullah will come to an end tomorrow (Tuesday).The ship was hijacked by Somali pirates on March 12 and released after 32 days...

A catch-all tax dragnet likely in new budget

DOULOT AKTER MALA | 2024-05-13 00:00:00

Zero-rated import taxing is no more as a catch-all tax dragnet is being set in the upcoming budget to spare none, nor even the special- privilege-enjoying lawmakers, sources say.A provision of nominal taxes is envisaged to replace the complete waiver,...

Re-labelling of stocks: Regulator to put emphasis on financial strength

MOHAMMAD MUFAZZAL | 2024-05-13 00:00:00

The regulator considers dividing listed securities into two categories -- one for non-performing stocks and the other for the remaining securities -- to encourage investors to assess them based on companies' fundamental strength. At present, stocks are labelled as 'A',...

Last measure against arbitrary price hike

Neil Ray | 2024-05-13 00:00:00

Who says Bangladesh belongs to a globally interconnected world? To the country the global village is a misnomer and it is an isolated island so far as its commodity market is concerned. At a time when the World Bank (WB)...

Gold's rise as central banks' reserves

Syed Fattahul Alim | 2024-05-13 00:00:00

The precious yellow metal, gold, has caught the imagination of investors, particularly of the central banks of emerging markets and developing economies (EMDEs). Global economic uncertainties caused by persistent inflation and recession in the advanced economies, which were further exacerbated...

BSEC to hand over task of listing cos to exchanges

Mohammad Mufazzal | 2024-05-12 12:00:00

The securities regulator has decided to hand over the responsibility of dealing with initial public offerings (IPOs) to the stock exchanges. So, from now on, the bourses will scrutinise IPO proposals and sit with issuers, auditors, or any other parties...

NBR considering self-assessment only for corporate filers

Doulot Akter Mala | 2024-05-12 00:00:00

The National Board of Revenue (NBR) is considering a move to a 'self-assessment' only system for corporate tax returns, where companies would declare their own assets and income from the next fiscal year. Under this system, taxmen would not instantly...

Abu Dhabi team visits Ctg port tomorrow

NAZIMUDDIN SHYAMOL | 2024-05-12 00:00:00

CHATTOGRAM, May 11: A delegation of Abu Dhabi Ports Group will visit Chittagong Port on Monday with an intention to invest in the construction of Bay Terminal.Official sources have said foreign investors are showing interest in constructing Bay Terminal under...

Echoes of tradition at BUP Folk Fest 2024

Yeasin Arafat Limon and Afsara Tasnim Ayshi | 2024-05-12 00:00:00

The saying "A nation's culture resides in the hearts and in the soul of its people" highlights how important culture is to a country and its citizens. It suggests that to truly understand who we are as a nation, we...

An unexpected debate on profit sharing method in Islamic banking

Afzlul Haq | 2024-05-12 00:00:00

In the backdrop of expansion of Islamic banking operators in the country, recently this scribe attended few seminars on Islamic banking. In most cases, he observed debates on two different methods of 'profit distribution' to the Mudaraba depositors. For the...

Giving a fillip to STEM education

Atiqul Kabir Tuhin | 2024-05-12 00:00:00

The rapid evolution driven by the Fourth Industrial Revolution is reshaping how people think, live, work, and learn. In this dynamic landscape, Science, Technology, Engineering and Math (STEM) education is a vital tool to properly equip students with the skills...

Are foreign investors shying away from Bangladesh?

Asjadul Kibria | 2024-05-12 00:00:00

When the then finance minister presented the national budget for the current fiscal year in parliament in June last year, he had taken into consideration at least six points while making proposals regarding duties and taxes at import stages. One...

Israel's war in Gaza & the role of media

Hasnat Abdul Hye | 2024-05-11 12:00:00

Since its Caesarean birth in 1948 in Palestine, with the colonial powers acting as the midwives, the state of Israel has played the role of victim capitalising on the legacy of holocaust during the second world war. The allied powers...

Depositors desert BASIC with funds amid its merger troubles

REZAUL KARIM | 2024-05-11 00:00:00

Depositors are deserting the state-owned BASIC bank amid its merger troubles and the management seeks government intervention with bailout pending amalgamation with a private bank, sources said.Although the financial health remained poor previously following its loan scams, they said, the...

PPA seeks Tk 52b for new dredging scheme

SYFUL ISLAM | 2024-05-11 00:00:00

Another Tk 52 billion has been sought for dredging just after the spending of Tk 65 billion mostly from Bangladesh's scarce forex reserves for conducting capital-and-maintenance dredging of Payra seaport's Rabnabad channel.Some appear pessimistic in commenting on the port's viability...

Ctg getting sewerage system after 53 yrs

NAZIMUDDIN SHYAMOL | 2024-05-11 00:00:00

CHATTOGRAM, May 08: The Chattogram Water Supply and Sewerage Authority (CWASA) is going to implement the sewerage system in the port city finally after 53 years into independence.The aim of the project is to address the sewerage disposal problem in...

Biman pilot hiring riddled with irregularities

GULAM RABBANI | 2024-05-11 00:00:00

A probe body formed by the Ministry of Civil Aviation and Tourism has found allegations of irregularities in the 2022 recruitment process of 14 Boeing 777 pilots by Biman Bangladesh Airlines to be true.Complying with an earlier order, the probe...