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Growing orders signal export surge

SYFUL ISLAM | 2022-03-26 00:00:00

Additional container-handling orders are pouring in off-docks around Chittagong seaport in clear signs of significant export growth ahead for Bangladesh, sources say, amid global trade resurgence.In the recent weeks a good number of freight forwarders have inquired in the off-docks...

Stocks down as investors stay cautious

BABUL BARMAN | 2022-03-26 00:00:00

Dhaka stocks witnessed a marginal correction this week after bouncing back in the previous weak from the steep market fall, as investors stayed cautious due to the ongoing Russia-Ukraine war and escalating inflationary pressure.Of the five trading days this week,...

Russia-bound RMG containers stuck in Ctg port for war

Nazimuddin Shyamol | 2022-03-26 00:00:00

CHATTOGRAM, Mar 25: Bangladesh's apparel export to Russia is being seriously hampered due to the ongoing war in Ukraine as a large number of containers loaded with readymade garments (RMG) bound for Russia are stuck at the nine off-docks in...

The power of reading book

Hussain Muhammad Walid | 2022-03-26 00:00:00

Reading is not a kind of habit that all of us want to perform but rather we avoid it as much as we can. The same held true for me until the middle of 2021 when I read something for...

CEOs of banks

Syed Md. Aminul Karim and Md. Ariful Islam | 2022-03-26 00:00:00

The role of Chief Executive Officers (CEOs) has become an emerging function. The goal is to strike a balance between serving both shareholders and other stakeholders. The contribution of CEOs of banks is no different, except for the industry in...

Operation Searchlight & slaughter of Dhaka

Helal Uddin Ahmed | 2022-03-26 00:00:00

'Operation Searchlight' was a brutal campaign waged by the Pakistani military personnel stationed in Bangladesh territory against the unarmed Bangalis from the night of March 25, 1971. While the Pakistani President General Yahya Khan had ordered this fortnight-long operation (up...

Meeting challenges of the worst air pollution

Nilratan Halder | 2022-03-25 00:00:00

Once again, Bangladesh has earned the dubious distinction of topping the list of countries in the world with the worst air quality. To make the matter particularly shocking and painful, the country has held the undesirable spot for the fourth...

Hoarding -- is it always bad?

Golam Rasul | 2022-03-25 00:00:00

The price of edible oil has recently increased in Bangladesh and causing worry among both consumers and the government. The edible oil price increase in the international market, the Ukraine war, and speculation about price increase during Ramadan have caused...

Many corporates fail to submit returns

DOULOT AKTER MALA | 2022-03-24 12:00:00

Half of the corporate taxpayers across Bangladesh couldn't submit their returns by the deadline after the government made verified audit report on their financials mandatory for the 2021-22 fiscal, officials say. The fault on return submission unveils, by default, a...

Easy solution to accessible internet

Shadique Mahbub Islam | 2022-03-24 12:00:00

In a post-Covid neo-normal world, a life without an internet connection is unthinkable. Internet dependency before Covid is barely a fraction of what it is at present. However, internet penetration is only about 31 per cent in our country, leaving...

NATO: The eye of the storm

Hasnat Abdul Hye | 2022-03-24 12:00:00

The war in Ukraine did not start on February 24, 2022 but on April 04, 1949 when 12 countries -- Belgium, Canada, Denmark, France, Iceland, Italy, Luxemburg, Netherland, Norway, Portugal, United States of America (USA) and United Kingdom(UK) -- representing...

Who should deserve national awards?

Rezaul Hannan | 2022-03-24 00:00:00

Everyone wants to get recognition for his/her contribution in every sphere of life. The governmental and non-governmental entities in the country and abroad regularly recognise the best performer or contributor with an award, promotion, or any other ways mainly to...

Transport workers the neglected lot

Hasnat M Alamgir | 2022-03-24 00:00:00

Road transport workers in Bangladesh most of whom are truck and bus drivers along with their helpers are at risk of developing a wide variety of health conditions because of their demanding and strenuous job nature. The road transport sector...

BSEC imposes restrictions to discipline stockbrokers

MOHAMMAD MUFAZZAL | 2022-03-23 00:00:00

The securities regulator will not renew the licences of stockbrokers until they adjust investors' money and shares kept in the stipulated accounts. Such brokers will not also be entitled to enjoy different other facilities.The Bangladesh Securities and Exchange Commission (BSEC)...

BDT depreciates sharply due to high import bills

SIDDIQUE ISLAM | 2022-03-23 00:00:00

The exchange rate of Bangladesh Taka (BDT) fell significantly against the US dollar on Tuesday due to higher demand for the greenback for settling import-payment obligations.On the inter-bank foreign-exchange (forex) market on the day, the BDT lost its value by...

Resting places for long-route drivers yet to be ready

MUNIMA SULTANA | 2022-03-23 00:00:00

Only two resting places, of the planned four, for drivers of heavy vehicles on long routes have been ready - almost four years after the Prime Minister's directive in this regard, but their inauguration would still take time. Officials concerned...

Uplifting the market for sustainable finance in Bangladesh -- a primer

Mehnaz Tabassum Khaleel | 2022-03-23 00:00:00

The realm of sustainability-driven investing has induced a growing magnitude of market participants in recent times with Moody's forecasts indicating that sustainable bond issuance will hit a record in 2021 not to mention a finding from HSBC's Sustainable Financing and...

Value added audit

Mohammad Anwarul Karim | 2022-03-23 00:00:00

Globally professionals are providing different types of audit and assurance services to fulfill different client needs. Among those, the most frequently performed and well-known audits are financial audits, performance audits, compliance audits, risk-based audits, internal audits, external audits, operational audits....

Safe water for people living in coastal areas -

Zamil Ahamed Limon, Akash Kumar Saha, and Md. Toslim Hossen | 2022-03-22 12:00:00

For a pretty long time the issues of distribution, allocation, and management of water resources have remained a significant challenge, requiring better considerations and practices. Especially, in many water-stressed regions of the world, it plays a vital role in social,...

China may allow six more farm products from BD for export

SYFUL ISLAM | 2022-03-22 00:00:00

China is likely to allow in its market half a dozen more agricultural products from Bangladesh as they have recently initiated the process in this regard, officials said.The products are: potato, mango, jackfruit, guava, soybean meal and aromatic rice.At present,...

Form trade aid dept, recast tax policy: Fbcci

DOULOT AKTER MALA | 2022-03-22 00:00:00

The formation of 'trade facilitation department' and mandatory submission of evidence of tax payment for availing public and private services are in a slew of budget proposals Bangladesh's apex chamber has prepared.It recommends making tax registration mandatory for all entrepreneurs,...

Untangling Dhaka's traffic knot

Syed Fattahul Alim | 2022-03-22 00:00:00

Dhaka North City Corporation (DNCC) Mayor Atiqul Islam has recently ventured the suggestion that, if authorised, his office can help manage the ever-worsening traffic mess of the capital city. His idea is to reduce the number of motorised vehicles plying...

Govt securities' yields on rise

Siddique Islam | 2022-03-21 00:00:00

The yields on government securities (G-Sec) have continued to rise in the recent days, as the banks are showing unwillingness to invest their excess funds in the risk-free instruments.The yields on two types of treasury bills (T-bills) increased significantly on...

Unbelievable things are happening

Nilratan Halder | 2022-03-21 00:00:00

The cause of the two siblings' death in Kishoreganj, Brahmanbaria was suspect right from the beginning. But no one in his or her wildest imagination could have the slightest inkling of what the law enforcement has disclosed at a press...

Move to recognise third party under RJSC

Doulot Akter Mala | 2022-03-20 00:00:00

The government has planned to bring third parties or intermediaries under the Registrar of Joint Stock Companies and Firms (RJSC) to check irregularities in the process of registering companies. The third parties will be engaged under a licencing mechanism to...

High growth fuelling inflation

Asjadul Kibria | 2022-03-20 00:00:00

Bangladesh economy is set to return to the 7-plus growth regime in the current fiscal year (FY22), thanks to strong recovery of the economic activities after the pandemic. After recording 7.88 per cent growth in Gross Domestic Product (GDP) in...

Jul-Jan imports jump 52.5pc

SIDDIQUE ISLAM | 2022-03-18 00:00:00

Bangladesh's overall imports jumped by 52.5 per cent in the first seven months of this fiscal year (FY) due to higher imports of fuel oil and capital machinery, officials said.The settlement of letters of credit (LCs), generally known as actual...

Envoys caution traders against business deals with Russia

SYFUL ISLAM | 2022-03-18 00:00:00

Bangladeshi diplomats in Moscow have cautioned Dhaka's traders in doing business with Russia now since the war-linked situation would not be normal anytime soon.At the same time they have been advised to be innovative and tactful in exploring the existing...

Most listed MNCs see EPS surge in 2021

BABUL BARMAN | 2022-03-18 00:00:00

Earnings of most of the multinational companies (MNCs) listed with the country's stock market increased in 2021 compared to the previous year thanks to lower operating cost and reduction of corporate tax rates.Currently, there are twelve multinational companies listed with...

A memorable memoir

Abdul Bayes | 2022-03-18 00:00:00

This review is on the autobiography of Rehman Sobhan titled Untranquil Recollections: The Years of Fulfilment (SAGE, 2016). The reviewer feels delighted to dedicate it to the 87th birthday of Rehman Sobhan that silently passed off few days back on...