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Export loans get cheapest ever

Siddique Islam | 2020-10-29 00:00:00

The central bank has slashed interest rates on loans under Export Development Fund (EDF) scheme to help exporters weather the pandemic-related disruptions.The revised rates will allow exporters to borrow from the low-cost fund at a rate of 1.75 per cent...

Writing a winning statement of purpose for higher studies

Melita Mehjabeen | 2020-10-29 00:00:00

Every year, a good number of Bangladeshi students aspire to pursue higher studies abroad. Typically, the desired destinations for Bangladeshi students are North America, US, Australia or UK. While the application process to both master's/MBA and a doctoral degree is...

Invest in 'Time' to see wonders

Mohammad Saiful Islam | 2020-10-29 00:00:00

Investment in the capital market is often associated with some common perceptions, some of which have some ground, while the others are outright myths. Newcomers, hence, find it difficult to make the right decision being surrounded by ocean of information....

Trends of Bangladesh's pharmaceutical imports

Hasnat M Alamgir | 2020-10-29 00:00:00

Pharmaceutical imports into Bangladesh have been steadily on the rise over the last several years. In fact, in contrast to its export value of US$129.95 million, Bangladesh imported pharmaceuticals valued at US$280.50 million during 2018-2019 (i.e., more than twice the...

Treatment and prevention of stroke through awareness

Mohammad Shah Jahirul Hoque Chowdhury | 2020-10-29 00:00:00

If you had to do all your daily works without using your one hand, one leg, and one portion of the face, you might be able to imagine how critically stroke-affected patients have to live their lives.A brain stroke causes...

Emerging and frontier markets: Policy tools in times of financial stress

Dimitris Drakopoulos, Rohit Goel, Fabio Natalucci and Evan Papageorgiou | 2020-10-28 00:00:00

After the unprecedented hit to economic activity in emerging market economies from the Covid-19 pandemic, their economic output is projected to shrink by 3.30 per cent in 2020. Central banks across emerging markets responded swiftly and forcefully with an unprecedented...

Uniform policy guidelines to smoothen Bangladesh's LDC graduation

Khondaker Golam Moazzem | 2020-10-28 00:00:00

The Committee for Development Policy (CDP) of the United Nation's Economic and Social Council (ECOSOC) is going for the second triennial review of Bangladesh's performance for LDC graduation during February 2021. Bangladesh was recommended for LDC graduation by the CDP...

Fund constraint stands in expected growth

SYFUL ISLAM | 2020-10-27 00:00:00

Installation of solar irrigation pumps is facing severe obstruction due to non-availability of grant fund, officials have sad. The Infrastructure Development Company Limited (IDCOL) did not approve any new applications for setting up of the pumps since early this year...

BR agrees on Kamalapur station link with MRT-6

Munima Sultana | 2020-10-27 00:00:00

Bangladesh Railway (BR) has finally accepted a proposal put forward by Dhaka Metro Rail Company to link its under-construction mass rapid transit line-6 (MRT-6) with Kamalapur station.The state-owned train developer earlier objected to the entrance of MRT-6 from the front...

Transaction dilemma

REZAUL KARIM | 2020-10-27 00:00:00

Country's banks are reluctant to establish direct transaction links with the Russian banks amid the fear of possible US sanction, officials said.The fear was expressed in a position paper prepared by the Bangladesh Bank (BB) on the proposed direct banking...

Pandemic persistence clouds Latin America and Caribbean recovery

Samuel Pienknagura, Jorge Roldos and Alejandro Werner | 2020-10-27 00:00:00

Covid-19 has hit Latin America and the Caribbean harder than other parts of the world, both in human and economic terms. The relatively large human toll is evident: with only 8.2 percent of the world population, the region had 28...

Taming the volatile kitchen market

Syed Fattahul Alim | 2020-10-27 00:00:00

To the people in the low and middle income brackets what matter most in their daily lives are the prices of kitchen market items. These we popularly term 'daily essentials', or simply, 'essentials'. Prices of these essentials including rice, vegetables,...

Bangladesh succeeds in effective disaster management

Md. Abdul Karim | 2020-10-27 00:00:00

Don Beit in his article "The Coming Storm" published in the June 2011 National Geographic Magazine suggested that "Rather than pitying Bangladesh, we may end up learning from her example". This was proposed with reference to the wide ranging climate...

BB favours bond issuance by market intermediaries

SIDDIQUE ISLAM and MOHAMMAD MUFAZZAL | 2020-10-26 12:00:00

The central bank has suggested that the securities regulator allow stock market intermediaries to issue bonds for improving the inflow of liquidity in the country's capital market.The suggestion came at an informal meeting with the high-ups of Bangladesh Securities and...

India’s bid to change tack

SYFUL ISLAM | 2020-10-26 00:00:00

India is interested to sign a deal with Bangladesh on trade remedial method, but wants to exclude 'countervailing measures' from the proposed pact, according to officials.The two sides have agreed to ink a memorandum of understanding (MoU) for establishment of...

BR agrees to change design as per BBA’s requirement

MUNIMA SULTANA | 2020-10-26 00:00:00

Bangladesh Railway (BR) has finally agreed to change the design of Padma Bridge Rail Link (PBRL) project by readjusting and reconstructing some of its piers for getting required vertical and horizontal clearance.Railway Minister Mohammad Nurul Islam Sujon said BR will...

Overrated entertainment industry

Neil Ray | 2020-10-26 00:00:00

After cinema, theatre here has also opened for public shows. Sports and games in this country are, however, yet to roll on their venues except for some preparatory cricket matches. In England, however, cricket matches between the West Indies and...

A breeding ground for NPL

Shamsul Huq Zahid | 2020-10-26 00:00:00

The size of the classified loans belonging to both private and public sector banks in 2009 was Tk 224.81 billion. It increased to 961.17 billion at the end of June last. The volume was even bigger. The banks wrote off...

Regional cooperation essential to implementing the SDGs in Asia

Mustafizur Rahman, Towfiqul Islam Khan and Md. Zafar Sadique | 2020-10-26 00:00:00

The 2030 agenda with its 17 sustainable development goals (SDGs) and 169 targets aims to achieve universal economic, social, and environmental progress through a collaborative partnership. This study attempts to capture the significant aspects of the implementation of the 2030...

BRAC, WB to support govt in halving road fatalities by 2030

Munima Sultana | 2020-10-25 00:00:00

The World Bank and BRAC have joined hands to work together with the government on road safety issues aiming at reducing road fatalities 50 per cent by 2030.A memorandum of understanding (MoU) was signed between BRAC and World Bank (WB)...

BSEC active to reform the stock market

Mohammad Mufazzal | 2020-10-25 00:00:00

A number of regulatory measures are underway to enhance investors' participation and the depth of the stock market along with ensuring its sustainable development in the long run.The opening of digital trading booth in home and abroad is a matter...

MTB rides on trail-blazing digital innovations

Siddique Islam | 2020-10-25 00:00:00

Mutual Trust Bank Limited (MTB) has planned to double its financing in retail and small and medium enterprises (SME) for minimising risk with diversifying portfolios by 2022, the bank's top executive has said.Under the MTB's new plans, the investment in...

Covid-19 exposes fault lines of Bangladesh's healthcare sector

Sheikh Rafi Ahmed, Tanjim-Ul-Islam, and Nahaly Nafisa Khan | 2020-10-25 00:00:00

The ongoing Covid-19 pandemic is making policymakers around the world rethink the healthcare systems of their respective countries. There have been growing concerns over how to make the healthcare systems better adapt to crisis like this. Developing nations like Bangladesh...

How to govern the new digital domain

Oscar Jonsson and Taylor Owen | 2020-10-25 00:00:00

Today, as our economic and social lives increasingly move online owing to the Covid-19 pandemic, the digital and physical domains are becoming more integrated than ever. And now more than ever, governance and regulation of a hyper-powered digital world must...

Supportive environment a prerequisite for post-pandemic inclusive development

Hossain Zillur Rahman | 2020-10-24 12:00:00

Covid-19 has not just put the economy in a momentary crisis; it has forced the people to rethink the entire paradigm of progress. The issue of post-pandemic recovery calls for inclusive development of every sector. Without a supportive policy environment,...

BTTC suggests single-stage VAT, tariff on edible oil

REZAUL KARIM | 2020-10-24 00:00:00

Bangladesh Trade and Tariff Commission (BTTC) has suggested imposing a single-stage VAT and tariff on edible oil instead of existing three-tier structure aiming to stabilize the prices of the key kitchen item.Prices of edible oils have notably increased in the...

Fresh move to fix tariff for NTTN operators

ISMAIL HOSSAIN | 2020-10-24 00:00:00

Post and telecommunications ministry has made a fresh move to fix tariff for nationwide telecommunication transmission network (NTTN) operators.Telecoms ministry at a meeting on Thursday instructed Internet Service Providers Association of Bangladesh (ISPAB), NTTN and other stakeholders to propose a...

Economy averts recession, but inflation threat looms

SIDDIQUE ISLAM | 2020-10-24 00:00:00

Increased money supply in the last six months following a substantial growth in high-powered money has helped Bangladesh avert possible recession, but economists say inflationary pressure is building up.High-powered money comprises currency and bank deposits at the central bank.Expansionary monetary...

BD economy and current account surplus

Md Mazadul Hoque | 2020-10-24 00:00:00

Financial or current account in an economy indicates the state of total export earnings along with inward foreign remittance and the import payments. Ultimately, the current account surplus helps the foreign exchange reserve to be robust. Foreign investors' confidence on...

Five aces for CMOs to tide over pandemic

Garrett Ilg | 2020-10-24 00:00:00

The global pandemic has changed nearly everything for chief marketing officers (CMOs), forcing them to scramble as consumers shift even more to online shopping. Meanwhile, CEOs are pressuring their marketing chiefs to find strategies for recovery. Deeper understanding of customers...