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Customs rules bent for EPZ factories

Doulot Akter Mala | 2020-11-10 00:00:00

The National Board of Revenue (NBR) has allowed repurposed use of containers for the export-oriented industries located within the export processing zones.With the relaxation of customs rules, export-oriented industries will be able to save their costs and time for shipments....

Trump trumped

Syed Fattahul Alim | 2020-11-10 00:00:00

On November 3 the American voters had gone to the polling booths to choose their next president. Should the incumbent, Donald Trump, continue in office or be replaced by his contestant, Joe Biden? Americans and the world at large had...

Celebration of International Accounting Day

Md. Touhidul Alam Khan | 2020-11-10 00:00:00

The 10th of November, this day is observed as International Accounting Day across the world every year to celebrate the deeds of accountants and the impacts of their contribution to smooth operation of businesses. The reason behind choosing this particular...

How to revive economy under the New Normal

A.K. Enamul Haque | 2020-11-10 00:00:00

Covid19 has battered the world economy and the cost of the pandemic is that the world has lost more jobs than any other single event in the recent past. Countries across the world lost control of their respective economies. By...

A double whammy for working people

Rizwanul Islam | 2020-11-10 00:00:00

The Covid-19 pandemic coupled with the measures employed to fight it has driven the global economy into a deep recession which is the worst ever seen after the Great Depression of the 1930s. More than a million lives have been...

Getting startup valuation right

Kamrul Arefin | 2020-11-10 00:00:00

Startup valuation is such a thing that often has no objective method or rational criteria, especially if it is a pre-revenue startup. If you try to think about startup valuation techniques by the linear logic of market peer group comparison...

Academic research versus directed research

Syed Basher and Salim Rashid | 2020-11-10 00:00:00

Since the 1970s, when Bangladesh was the global laboratory for economic development, godowns have been filled with economic data and reports; what has Bangladesh gained from all these reports? Or, to put the question another way, what form of research...

Why need for piracy-free digital transformation is pressing

Nabil Ahmed and Muhammad Shafiullah | 2020-11-10 00:00:00

Bangladesh has made great strides towards becoming a digital economy in the past few decades. Still, software piracy and intellectual property theft remain a vexing problem. Unlike the past when access was limited by the availability of physical media (e.g....

State of public sector auditing in Bangladesh

Helal Uddin Ahmed | 2020-11-10 00:00:00

Auditing is the last stage in the public financial management cycle of a government, which comprises policy planning, budgeting, release of funds, monitoring, accounting and auditing. Public sector audit is a means of providing assurance to parliament that public money...

Remittances and economic growth: A conundrum

M. A. Taslim | 2020-11-10 00:00:00

One of the very few metrics of economic performance of the country that has shown a robust expansion during the pandemic year is the remittances of our workers overseas. During the period of March to September 2020, when the economy...

Economic recovery still modest

Shamsul Huq Zahid | 2020-11-09 12:00:00

The pandemic is not over. It is still taking its toll on human lives and the economy. In some countries, the deadly pathogen remains highly active. It is infecting more than a hundred thousand people and claiming between 800 and...

Shorter and lighter they grow

Neil Ray | 2020-11-09 00:00:00

An Imperial College London study has come up with a comparative average growth of school-aged children between five and 19 years across countries. Published online in the prestigious Lancet, the differences in average height and weight are simply staggering. The...

A checklist of priorities for President Biden

Syed Badrul Ahsan | 2020-11-09 00:00:00

It has been a historic election. It has been a divisive election. Now that it is all behind him, President-elect Joe Biden will have before him the tough task of restoring the magnificence of American political tradition through reaching out...

Netflix chafes at VAT regime

Doulot Akter Mala | 2020-11-08 00:00:00

Value Added tax (VAT) regime in Bangladesh has no route for the foreign companies without physical presence, causing difficulties for such firms to comply with the law, a global streaming giant has said.The US-based streaming site Netflix sees some practical...

Agent banking vs mobile banking

Ali Ashfak | 2020-11-07 12:00:00

The concept of agent banking seeks inclusion of unbanked groups to banking channel and expansion of payment and transactional services by reducing costs and increasing efficiency. Agent banking models are still in the development stage depending on situational and country-specific...

Country's best energy option

Syed Fattahul Alim | 2020-11-07 12:00:00

The Western civilisation since Industrial Revolution two and a half centuries ago has been thriving on fossil fuel-powered machines. And commercial production of electricity with coal-fired generators began around one and a half centuries ago. Like spoiled children of Mother...

Govt to convert US$ bonds into multi-currency ones

REZAUL KARIM | 2020-11-07 00:00:00

The government is considering converting the existing dollar bonds into multi-currency investment tools to attract more non-resident Bangladeshis (NRBs) to the state-run investment scheme, officials said.In a recent meeting, the Cash and Debt Management Committee has taken the decision to...

IDRA sharpens focus on cos' governance

Ismail Hossain | 2020-11-07 00:00:00

The insurance regulator wants to popularise insurance in the country and ensure good governance in the companies in order to make the industry stable, accountable and transparent.Dr M Mosharraf Hossain, the newly appointed chairman of Insurance Development and Regulatory Authority...

EPB suggests retaliation

SYFUL ISLAM | 2020-11-07 00:00:00

A government agency has suggested retaliation by issuing similar harsh rules unless India agrees to withdraw its newly-enacted customs rules, which are likely to make it tough for Bangladesh to get tariff preferences, officials said. The Export Promotion Bureau (EPB)...

Most NBFIs post fall in 9-month EPS

Babul Barman | 2020-11-07 00:00:00

The earnings per share (EPS) of most of the listed non-banking financial institutions (NBFIs) fell in the nine months to September this year compared to that of the corresponding period of last year.Of the 23 listed NBFIs with Dhaka Stock...

Real estate investment planning

Md. Shafiul Islam Rayhan | 2020-11-07 00:00:00

The global Covid-19 pandemic plunged all kinds of businesses into a severe economic downturn. It is very normal that if there is an epidemic, there will be an economic recession. The impact of this economic downturn is much higher in...

Asset liability management amid virus

Tapash Chandra Paul | 2020-11-07 00:00:00

The Covid-19 pandemic has wrecked havoc throughout this world and Bangladesh has not been spared either. All the sectors including health, communication, and economy have been affected by this deadly pandemic. World including Bangladesh had literally came to a standstill...

Wanted: A new world order

Hasnat Abdul Hye | 2020-11-07 00:00:00

Whatever the ultimate costs to nations and its duration, Covid-19 will leave planet earth one day, hopefully soon. But when it does, it will not be with a whimper but after blazing a trail of death and damages the like...

Fighting cyber crimes -

Nilratan Halder | 2020-11-06 12:00:00

The power of information technology is stupendous. It has brought not just the global population but in a way the universe closer. Not only has the world become a global village but the extraterrestrial signals received by the highly sophisticated...

Govt getting ready to face Covid 2nd wave

Rezaul Karim | 2020-11-06 00:00:00

The government ministries, divisions and state-run entities have started preparing their respective action plans to cope with the possible second wave of Covid-19 pandemic in the winter.The commerce ministry has already instructed its 13 subsidiary agencies to plan for dealing...

Mission shelved for two yrs now

MUNIMA SULTANA | 2020-11-06 00:00:00

A move to develop a nationwide expressway network for access controls on highways has remained halted for the past two years due to the authorities' inaction.The Roads and Highways Department (RHD), supported by the Public-Private Partnership Authority (PPPA), conceptualised in...

Nagad to be postal subsidiary

SIDDIQUE ISLAM | 2020-11-06 00:00:00

The government has decided to convert the operations of Nagad into a subsidiary company instead of the existing joint-venture aiming to comply with mobile financial services rule and regulations properly.The posts and telecommunication division approved a proposal in this connection...

Fund diversion by listed companies

Shamsul Huq Zahid | 2020-11-06 00:00:00

The securities regulator has got the right issue -- diversion of the fund by the listed companies at the cost of their shareholders.It is, however, one of many financial moves that a section of the listed companies have been making...

Bangladesh's pharmaceutical export: An overview

Hasnat M Alamgir | 2020-11-06 00:00:00

Given the very large size of population, increasing health awareness, and growing purchase capacity, Bangladesh is supposed to be a major consumer of pharmaceutical products in the world. The high and expanding demand has been met largely by the local...

MFS deals rise 26pc in Q3 to Tk 1,535.24b

SIDDIQUE ISLAM | 2020-11-05 00:00:00

Transactions through mobile financial services (MFS) grew by over 26 per cent in the third quarter (Q3) of 2020, as general people, businessmen and the government agencies preferred to use digital services more amid the nationwide Covid-19 pandemic. Total MFS...