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The Ukraine war: is it civilisational?

Hasnat Abdul Hye | 2022-04-05 00:00:00

In most of the narratives of the ongoing war in Ukraine, a common refrain that appears in print and electronic media of Europe and America is about its 'civilisational' character. While TV commentators of BBC and CNN repeat ad infinitum...

Sri Lanka's problems mount

Neil Ray | 2022-04-04 12:00:00

Sri Lanka has declared a state of emergency following a violent protest outside of President Gotabaya Rajapaksa's residence. Protests followed next day may likely to continue in the face of unbearable belt-tightening. Hundreds of angry protesters gathered in front of...

MRA to form safety fund for small savers

ISMAIL HOSSAIN | 2022-04-04 00:00:00

The Microcredit Regulatory Authority (MRA) moves to form depositors' safety fund to minimise the risk of losses of small savers in the event of non-payment by any micro-finance institution.However, the MFIs in operation have dissented strongly to the proposal, which...

NBR basks in commodity price rises

DOULOT AKTER MALA | 2022-04-04 00:00:00

Price rises on the international market proved a boon for government revenue receipt until February with import-tax collection registering a robust 23-perecnt growth, official count shows.The National Board of Revenue (NBR) achieved an average 15.28-percent growth, year on year, in...

Changing the gear

Abdul Bayes | 2022-04-04 00:00:00

The era of rice predominantly influencing Bangladeshi diet seems to have gone. Pari passu with Engle's Law, urbanization, sustained income growth and decline in poverty "are continuing to change consumption patterns and heighten demand for a more diverse range of...

Tax benefit for equipment exim

DOULOT AKTER MALA | 2022-04-03 00:00:00

The National Board of Revenue (NBR) extends tax benefit for importing and re-exporting equipment, machinery, spare parts to facilitate hydrocarbon exploration.International oil companies (IOCs) will be able to import equipment using this facility under the latest statutory regulatory order (SRO)...

NRBC helps to boost rural economy

Siddique Islam | 2022-04-03 00:00:00

NRB Commercial Bank Limited has planned to expand its microcredit programme in different parts of Bangladesh aiming to bring more unbanked people under the banking network, the bank's top policy-makers have said.The fourth generation private commercial bank (PCB) is committed...

Essentials get costlier in Ctg

NAZIMUDDIN SHYAMOL | 2022-04-03 00:00:00

CHATTOGRAM, Apr 02: Prices of essentials continued to spiral up in the port city last week despite the government's claim that its vigilance teams were monitoring markets round-the-clock to rein in price hike during Ramadan.Visiting different kitchen markets in city...

Central bank's guarded annual report

Asjadul Kibria | 2022-04-03 00:00:00

After around nine months had passed since the end of the last fiscal year (FY21), Bangladesh Bank released the annual report for 2020-21 in the last week. This is a new record, indeed!Usually, the central bank is used to publish...

Bangladesh switching to RTA for larger regional trade

REZAUL KARIM | 2022-04-02 00:00:00

Bangladesh is switching to a new set of policy guidelines titled 'Regional Trade Agreement (RTA)' as the existing FTA regime is deemed obsolete for helping Bangladesh tackle post-graduation trade challenges.As part of the initiative, the government has already drafted the...

Written-off bank loans rising for recovery 'reluctance'

SYFUL ISLAM | 2022-04-02 00:00:00

Drives for recovering billions of taka in written-off loans appear sluggish as most of the state-owned banks each month reclaim only a peanut, officials say, while the dud money ballooning.After the balance sheet is cleaned by writing off the default...

Stocks inch up amid cautious trading

BABUL BARMAN | 2022-04-02 00:00:00

Dhaka stocks posted a modest gain in the outgoing week as investors started putting fresh bets on lucrative stocks amid cautious trading.Of the five trading days this week, three sessions closed higher while two others edged lower amid volatile trading.Week...

Mind's eye needed to rediscover beauty of spring and Nature

Nilratan Halder | 2022-04-02 00:00:00

This is the Basanta (spring), the king of seasons in this part of the world. But is it pronounced enough in Nature and people's life? In the first month of the two considered spring on the Bangla calendar, there is...

Let Ukraine crisis not fester

Syed Fattahul Alim | 2022-04-02 00:00:00

Kremlin spokesperson Dmitry Peskov's comment that there has not been much progress in the negotiations one day after the Ukrainian and Russian delegates sat in Istanbul of Turkey has only confirmed Western misgivings about any positive outcomes from the talks....

Green industrialisation for sustainable development

AHM Masum Billah | 2022-04-02 00:00:00

The contribution of industry to the national economy is gradually increasing with about 35.14 per cent of Gross Domestic Product (GDP) at present. As part of striving for building a developed nation by 2041, the industrial sector is playing a...

Determinants of commercial bank lending rates in Bangladesh

Murad Ullah Bhuiyan | 2022-04-02 00:00:00

Until 1990, the lending rate structure of Bangladesh was administered by a mechanism set by the government. So interest rates on deposit and lending were not changed simultaneously with the movement in inflation. Moreover, the government attempted to give incentives...

Postpone classification of loan until June 30

SIDDIQUE ISLAM | 2022-04-01 00:00:00

The country's apex trade body has requested the central bank to suspend loan classification until June 30 to keep the overall business activities as usual.Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Md Jashim Uddin sent a letter...

NSDA issues guideline to award entities

DOULOT AKTER MALA | 2022-04-01 00:00:00

Skill development initiatives by various organisations would be recognised by the government - to ensure availability of skilled labour forces as per local and international market demand.The National Skill Development Authority (NSDA) would give 'Skill Centre of Excellence Recognition' to...

Thoansh: A book on Noakhailla dialect

Helal Uddin Ahmed | 2022-04-01 00:00:00

According to reliable estimates, there are currently over seven thousand active languages in the world. However, human languages also have hundreds of branches and sub-branches based on regional or territorial variations, which are usually called dialects. Bangla also has numerous...

A new-look city with a network of subways

Nilratan Halder | 2022-04-01 00:00:00

Unveiled on Tuesday, a feasibility study on subways together with their preliminary design for Dhaka at a seminar paints a most positive and rosy picture for the capital that has earned the most dubious distinctions recently. A Spanish firm, TYPSA...

Structures now under PPP as Kajima skips

MUNIMA SULTANA | 2022-03-31 00:00:00

The Bangladesh Railway (BR) will now build some structures in Kamalapur rail station area under the public-private partnership (PPP) under a billion-dollar multi-modal transport hub (MmTH) project.The development comes as the Japanese private partner is unwilling to develop non-revenue-earning area.Sources...

University life, to freshers

Sirajum Munira Tuli | 2022-03-31 00:00:00

"It was feeling like a curse to be auto-passed after a long confusion about whether the HSC exam will be held or not. Many acquaintances of mine were mocking me, calling 'hey, auto!'." Tahirul Islam Talha, a first-semester student in...

Recast ahead as distortions hit VAT system

DOULOT AKTER MALA | 2022-03-30 00:00:00

Distortions like advance tax, tax on tax, specific VAT, VAT deducted at source and patchy refund mechanism jumbled up to deviate an ideal taxation system called value-added tax in Bangladesh, prompting a rethink.Proper VAT structure must have refund system in...

Bus route franchise in Dhaka not workable yet

MUNIMA SULTANA | 2022-03-30 00:00:00

The authorities concerned are still struggling to make the bus route franchise (BRF) system workable in Dhaka city due to failure to convince bus operators to abide by compliances.Insiders said Dhaka Transport Coordination Authority (DTCA) and two Dhaka city corporations...

IBBL to embrace full digitisation

Siddique Islam | 2022-03-30 00:00:00

Islami Bank Bangladesh Limited (IBBL) has planned to launch full digitisation using the latest financial technology (FinTech) within the next five years, the bank's top executive said."We want to be a 100 per cent digital bank within the next five...

BTRC issues new licensing regulation

DOULOT AKTER MALA | 2022-03-29 00:00:00

The Bangladesh Teleco-mmunication Regulatory Commission (BTRC) issued a new licensing regulation, categorising services for getting licences through tender and open allocations.The regulation -- Bangla-desh Telecommunication Regulation (Licensing) 2022 -- scrapped the previous one, issued in 2004, to implement the BTRC...

Top-level taskforce tasked with tackling market

REZAUL KARIM | 2022-03-29 00:00:00

The government fields a high-powered taskforce to review commodity prices and market manners and do whatever deemed fit to keep the supplies within commoners' buying capacity.Commerce Minister Tipu Munshi, whose ministry mainly overseas trading in commodities, has been put at...

Excess liquidity risks fuelling inflation

SIDDIQUE ISLAM | 2022-03-29 00:00:00

Excess liquidity in the country's banking system is likely to fuel inflationary pressure on the economy, the central bank cautions over money-supply upturn. "Excess liquidity stemming from the stimulus packages may engender inflationary bubbles in the upcoming months where strong...

Our scientists' contribution to diabetes research

Syed Fattahul Alim | 2022-03-29 00:00:00

The medical condition called diabetes is a global public health issue. People knew about this health hazard since ancient times through its characteristic symptoms such as 'sweet urine' and muscle loss. But the exact cause of this condition was unknown...

Tk 20 billion fund for shipbuilding industry soon

SIDDIQUE ISLAM | 2022-03-28 00:00:00

A Tk 20-billion kiss of life to Bangladesh's emerging shipbuilding industry is coming soon, officials say, as it's one of the thrust sectors of the economy.A proposal to this effect was approved at a board-of-directors meeting held at the central...