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Unite against the pandemic!

Syed Fattahul Alim | 2020-10-24 00:00:00

With the death toll from the Covid-19 already crossing 1.1 million and over 40 million infected, the world is now witnessing a race to produce a vaccine aimed at protecting humanity from the pandemic. Until an effective vaccine is made...

Looking beyond festivals

Nilratan Halder | 2020-10-23 12:00:00

In a break-away from centuries-old custom and tradition, Durga puja pandals in West Bengal are going to be no-entry zones for visitors this year. If the directive issued by the Calcutta High Court is complied with, visitors will be barred...

Traders back potato export ban until Dec

REZAUL KARIM | 2020-10-23 00:00:00

In line with the government's desire, the country's cold storage owners want to suspend potato exports until December to stabilise the price of widely-consumed vegetable in the market.The Bangladesh Cold Storage Association (BCSA) suggested the government review the potato prices...

Design talks hit fresh hurdle

MUNIMA SULTANA | 2020-10-23 00:00:00

Bangladesh Bridge Authority (BBA) has rejected the Bangladesh Railway's (BR) revised design of height clearance between approach roads and elevated rail tracks of Padma bridge.Sources said the BBA considered that the new design does not have the required horizontal clearance...

Q1 farm credit flow up by 32pc

SIDDIQUE ISLAM | 2020-10-23 00:00:00

Agriculture loan disbursement grew by nearly 32 per cent or Tk 11.30 billion in the first quarter (Q1) of the current fiscal year (FY), 2020-21, following implementing stimulus packages along with providing interest subsidy, officials said.Disbursement of farm credit rose...

Galloping prices of stem tuber

Shamsul Huq Zahid | 2020-10-23 00:00:00

After rice, the potato prices have turned out to be the latest headache for the government. The prices of vegetables are also abnormally high, but the reasons are known. As it has happened in the case of rice, the policymakers...

The state of Bangladesh economy

Hasnat Abdul Hye | 2020-10-23 00:00:00

Six months have elapsed since `holiday' (euphemism for lockdown) was announced at the outbreak of covid-19 in March. During the 'holiday' all sectors of the economy except agriculture, pharmaceuticals industries, some garments factories and food markets were closed down. The...

China's so-called ''debt trap'' and Bangladesh

Md Shariful Islam | 2020-10-22 00:00:00

Should Bangladesh worry about China's 'debt trap'? One needs to understand that to be a developed country by 2041, Bangladesh needs to continue and successfully complete the mega-development projects. The country also has the potential to become the economic hub...

Erosion of real wages

Asjadul Kibria | 2020-10-22 00:00:00

Loss of hundreds and thousands of jobs, if not millions, during the pandemic is a cruel truth. Many of those who have survived in their jobs are apparently fortunate. They, however, face wage cut or irregular pay. Nevertheless, the wage...

BD pharmaceutical exports -- modest start for a long journey

Hasnat M Alamgir | 2020-10-22 00:00:00

Bangladesh aspires to become a global player in pharmaceutical business; it has started exploring the overseas medicine markets and quite a few local manufacturers have already penetrated several of these markets. The local pharma executives have claimed to export medicines...

BB relaxes unclassified consumer loans provisioning

SIDDIQUE ISLAM | 2020-10-21 00:00:00

The central bank has significantly cut provisioning against unclassified loans of all categories under consumer financing, excluding house finance aiming to expedite the flow of consumer loans in the banking system. Now the scheduled banks will have to maintain 2.0...

Tax revenue collection gradually getting pace

DOULOT AKTER MALA | 2020-10-21 00:00:00

Tax revenue collection started gaining momentum gradually after the Covid-19 pandemic fallout, posting 4.11 per cent growth in the first quarter (Q1) of the current fiscal year (FY), 2020-21, compared to that of the corresponding period last year.In the month...

New facility to cut lead time, transport costs

MUNIMA SULTANA | 2020-10-21 00:00:00

Lead time and transport costs are likely to be reduced significantly as a new provision will allow investors at export processing zones to use same containers for export-import shipments.Investors and officials said the facility, which has long been sought by...

Draft landscape policy finalised

Munima Sultana | 2020-10-20 00:00:00

A landscape policy has been drafted for the first time to protect national and regional highways from damage and prevent road accidents.The policy will help all concerned including Forest Department and Local Government Engineering Department choose proper plants for planting...

UN office seeks upfront VAT exemption for its agencies

DOULOT AKTER MALA | 2020-10-20 00:00:00

Time-consuming procedures in the VAT provisions are delaying VAT refund process to the United Nations (UN) agencies in Bangladesh.To avoid the hurdles in refund process, the UN office in Bangladesh has sought upfront VAT exemption status for its agencies here...

Intel blames cartel for rice price hike

SYFUL ISLAM and REZAUL KARIM | 2020-10-20 00:00:00

An intelligence agency has identified a hoarding syndicate behind the rice price spiral and suggested taking stern actions against the hoarders, officials say.The agency said members of the auto rice mills owners' association hoarded a large volume of the paddy...

Fiscal policy for an unprecedented crisis

Vitor Gaspar, Paulo Medas, John Ralyea, and Elif Ture | 2020-10-20 00:00:00

The Covid-19 crisis has devastated people's lives, jobs, and businesses. Governments have taken forceful measures to cushion the blow, totalling a staggering $12 trillion globally. These lifelines have saved lives and livelihoods. But they are costly and, together with sharp...

Angry youths of Thailand

Syed Fattahul Alim | 2020-10-20 00:00:00

Angry Thai youths seem to be in a defiant, determined mood despite the government's declaring a state of emergency slapping a ban on any assembly of more than five and restricting publication of news or online messages that the government...

Listen to the science

Lars Heikensten, Marcia McNutt, and Johan Rockström | 2020-10-20 00:00:00

The announcement of this year's Nobel Prize laureates should remind us of the many contributions basic science has made to contemporary life. With Covid-19 ravaging much of humanity, and the world anxiously awaiting a breakthrough that can end the pandemic,...

Authentic data for sustainable development

Md Azgar Ali | 2020-10-20 00:00:00

How can we distinguish between high quality and poor quality statistical data? Do quality standards exist for statistics? If so, who established them? At present, when users have practically unlimited access to statistical information but often feel bombarded by the...

Yields on 91-day T-bills lowest in 10 yrs

SIDDIQUE ISLAM | 2020-10-19 00:00:00

The yields on 91-Day Treasury Bills (T-bills) fell below 1.0 per cent on Sunday after more than one decade as banks preferred to invest their excess funds in the government securities.The cut off yields, generally known as interest rate, on...

Cinema halls open: But can it revive the industry's fortune?

Neil Ray | 2020-10-19 00:00:00

After the long coronavirus-driven closedown, the cinema halls have been given the green signal to open their doors to viewers. Of course, the show can go on provided that, as the ritualistic instruction follows, health protocols are maintained in movie...

Taking the possibility seriously

Shamsul Huq Zahid | 2020-10-19 00:00:00

That the government is alive to the issue of a possible global food crisis is evident from the statement made by Prime Minister Sheikh Hasina on, at least, a couple of occasions since the outbreak of the Covid-19 pandemic.On the...

Guidelines for FTAs, PTAs on the cards

DOULOT AKTER MALA | 2020-10-18 00:00:00

The government has planned to frame a new guideline for preferential and free trade agreements to get prepared for the post-graduation period.Bangladesh is set to graduate from the least-developed country status by 2024 unless the United Nations defers it considering...

Children's mental health and well-being during the Covid-19

Nigharin Aresfin and Muhammad Shafiullah | 2020-10-18 00:00:00

Bangladesh, like many other countries across the globe, is facing an unprecedented challenge brought about by the Covid-19 pandemic. This coronavirus pandemic has hit the Bangladesh society and economy hard, across all walks of life. In a bid to contain...

Making predictions

Syed Fattahul Alim | 2020-10-17 12:00:00

In recent times, especially after the Covid-19 pandemic struck the world, predicting about the future trend of the pandemic's behaviour has become a serious issue. Experts in epidemiology are regularly making predictions about the spread of the disease globally as...

EU ready for talks on labour rights roadmap

REZAUL KARIM | 2020-10-17 00:00:00

The European Union wants to resume talks with Bangladesh on finalising labour rights roadmap as it plans to shape up the Generalised System of Preferences (GSP) regulations by the end of next month.The roadmap is a key requirement for Bangladesh...

BD to request for jt. feasibility study

SYFUL ISLAM | 2020-10-17 00:00:00

Bangladesh will request Japan to commence a joint feasibility study on the signing of a free trade area (FTA) agreement to help boost bilateral trade, officials said.The Ministry of Commerce has decided on the joint study recently after examining a...

Stocks keep losing amid profit booking sell-offs

BABUL BARMAN | 2020-10-17 00:00:00

Stock prices extended the losing streak for the second straight weeks as shaky investors continued their profit booking sell-offs on quick-gaining issues.Week-on-week, DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), went down by 44.67 points or 0.91 per...

Expanding digital financial inclusion

Muhammad Oarisul Hasan Rifat | 2020-10-17 00:00:00

4G coverage in Bangladesh is still not very satisfactory. The top four operators cover 65-80 per cent area of Bangladesh. The video experience is less than 50 per cent , voice experience is less than 75 per cent, and download...