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BB prods four SoCBs to pace up small loan flow

SIDDIQUE ISLAM | 2020-10-09 00:00:00

Four state-owned commercial banks (SoCBs) have been asked to go for small and medium loans for faster execution of stimulus packages to accelerate recovery of the pandemic-hit economy.The central bank has particularly put thrust on the implementation of the package...

How far effective is the media?

Shamsul Huq Zahid | 2020-10-09 00:00:00

It has been more of a common practice on the part of the aggrieved section of people to approach the newsmen to vent their grievances, if there is any. They have a feeling if the media prints or airs the...

Can Biden save the world?

Kemal Dervis | 2020-10-09 00:00:00

The outcome of the US presidential election on November 3 will have momentous consequences for America in terms of economic policy, racial justice, the judiciary, health care, and the overall quality of its democracy. But the election's international effects could...

Govt moves to build Bhola Bridge, road at Tk 127.12b

Munima Sultana | 2020-10-08 00:00:00

The Bangladesh Bridge Authority (BBA) has taken a move to construct another long bridge, named Bhola Bridge, along with elevated road for establishing direct link with the southern district under public-private partnership (PPP) initiative.The bridge project, taken at an estimated...

Envisioning a new way of living

TASNIM AFIFA APOLA | 2020-10-08 00:00:00

"Change is the only constant," said Heraclitus, a 5th century BC Greek philosopher.Ever imagined a concert where people are standing six feet apart? Well, now it's reality. Novel coronavirus that has already been declared a pandemic, has kept people locked...

NBR body to devise ways to attract foreign investors

DOULOT AKTER MALA | 2020-10-08 00:00:00

The National Board of Revenue (NBR) has moved to explore ways to lure foreign investors into relocating their factories to Bangladesh with offering them incentives. To this effect, the revenue board has formed a committee that would devise strategies for...

Public investment for the recovery

Vitor Gaspar, Paolo Mauro, Catherine Pattillo, and Raphael Espinoza | 2020-10-08 00:00:00

Governments around the world are taking extraordinary measures to respond to the Covid-19 crisis. While maintaining the focus on addressing the health emergency and providing lifelines for households and businesses, governments need to prepare economies for the transition to the...

Glitch halts online return submission

DOULOT AKTER MALA | 2020-10-07 00:00:00

The submission of online income-tax returns has come to a halt this year due to a technical glitch.Officials said revival of the electronic system is uncertain this tax year, especially within the deadline for submission of individual tax returns.The National...

BB extends tenure by six months

SIDDIQUE ISLAM | 2020-10-07 00:00:00

The central bank has extended its policy supports for the businesses by another six months to help offset the adverse impact of the ongoing Covid-19 pandemic, officials said. Under the policy supports, importers are allowed to enjoy different benefits relating...

Capitalists and socialists of the world, unite!

Harold James | 2020-10-07 00:00:00

The world's most dynamic economy is governed by a communist party, whereas its previous capitalist stronghold is under the misrule of a man whose companies have gone bankrupt six times. With leading political ideologies becoming increasingly incoherent, labels seem to...

Bangladesh apparel industry-- from challenges to better prospects

Yousuf Kamal | 2020-10-07 00:00:00

The economic growth of Bangladesh, to a great extent, depends on the export of apparels which account for approximately 80 per cent of the country's total export earnings. It also constitutes approximately 12 per cent of country's GDP. It is...

BB resumes action after three years

SIDDIQUE ISLAM | 2020-10-06 00:00:00

The central bank purchased US$ 2.63 billion from the commercial banks directly in the first quarter (Q1) of the current fiscal year (FY), aiming to keep the inter-bank foreign exchange (forex) market stable.Official figures show the amount of purchasing the...

BSCIC to profile successful entrepreneurs

TALHA BIN HABIB | 2020-10-06 00:00:00

The government has taken an initiative to profile successful entrepreneurs who began their businesses first from the BSCIC industrial estates. They said the Bangladesh Small and Cottage Industries Corporation (BSCIC) has already started compiling the profiles that aims to encourage...

Mobile banking faces bump in Aug

SIDDIQUE ISLAM | 2020-10-06 00:00:00

Transactions through mobile financial services (MFS) dropped by more than 34 per cent in August as people resumed normal banking despite the Covid-19 pandemic.The expiry of the tenure of the stimulus package for the payments of salary of the workers...

Coronavirus and sliding Indian economy: What's the way out?

Kavaljit Singh | 2020-10-06 00:00:00

India has become the world's new hotspot for the Covid-19 pandemic as infection cases have surged in recent weeks. On September 22, the total number of confirmed cases surged past 5.6 million. If the current trend continues, India may soon...

A changed America!

Syed Fattahul Alim | 2020-10-06 00:00:00

Nothing unexpected happened at the first presidential debate in Cleveland. Given President Trump's past records since his debates with his Democratic Party contestant Hilary Clinton in the run up to the November 8, 2016's presidential election, everyone knew it would...

No headway in opening bank branches in KSA

REZAUL KARIM | 2020-10-05 00:00:00

No headway has yet been made in opening branches of some Bangladeshi scheduled banks in Kingdom of Saudi Arabia (KSA), officials said.The move for opening more branches in KSA by some commercial banks is now at a standstill due to...

Authorities yet to find a solution

MUNIMA SULTANA | 2020-10-05 00:00:00

The authorities concerned could not resolve yet the problem created over not having adequate vertical and horizontal clearances at the crossing point of rail tracks and approach roads of the Padma Bridge, sources said.They said Bangladesh Railway (BR) and Bangladesh...

Tax receipts from DSE jump 63pc in Jul-Sept

Babul Barman | 2020-10-05 00:00:00

The government revenue earnings from the Dhaka bourse jumped 63 per cent in the first quarter (Q1) of the current fiscal year (FY) compared to the same quarter last fiscal as trading volume on the rise.Market operators attributed the rise...

Stemming sexual aberration

Neil Ray | 2020-10-05 00:00:00

Under severe stress and strain, not many people can keep their cool. Coronavirus has created a most stifling environment with little manoeuvrability for common people. Pursuing one's interests that elevate mind to a higher plane is limited under the many...

Poverty: Reversing the reverse trend

Shamsul Huq Zahid | 2020-10-05 00:00:00

The Covid-19 pandemic has been taking a heavy toll, in terms of life and livelihood, since it first emerged in the Chinese city of Wuhan in December last year. No country has been spared. The intensity of infection and rate...

BR plans to accommodate pending works in next 5YP

Munima Sultana | 2020-10-04 00:00:00

Bangladesh Railway (BR) has planned to accommodate thepending works of last five years in its upcoming five-year plan (5YP), sources said.It finalised 67 projects involving Tk 1.19 trillion to implement in the next five years.Officials said the state-owned train operator...

BD-Bhutan PTA likely in Dec

REZAUL KARIM | 2020-10-04 00:00:00

A preferential trade agreement (PTA) between Bangladesh and Bhutan is expected to be signed in the victory month of December to boost bilateral trade.Bangladesh and Bhutan are good regional neighbours. Bhutan was the first country to recognise Bangladesh's independence.For this,...

Net sales of savings tools double in two months

SIDDIQUE ISLAM | 2020-10-04 00:00:00

The net sales of national savings certificates have more than doubled in the first two months of the current fiscal year (FY) mainly due to lower interest rate, offered by the scheduled banks, on deposits.The government's net borrowing through selling...

Who cooked your meal at that restaurant?

Hasnat M. Alamgir | 2020-10-04 00:00:00

You go to a restaurant along with your family members, friends, or business guests and see those neatly attired servers who put a smile on their face to welcome you, make you seated, show you the menu, serve you delicacies...

Will Myanmar take back Rohingyas?

Syed Fattahul Alim | 2020-10-03 12:00:00

Myanmar's upcoming general election scheduled for November 2020 does not hold much hope for the displaced Rohingya people now sheltered in Cox's Bazar camps in Bangladesh. Neither will have it any appeal to about half a million Rohingyas still in...

Half of cinema halls unlikely to reopen on October 16

ISMAIL HOSSAIN | 2020-10-03 00:00:00

Though the country's cinema halls are going to reopen on October 16 after almost six-month closure due to the Covid-19pandemic, there are fears that many of them will not be opened anymore.Bangladesh has now approximately 194 cinema halls and cineplexes....

BR set for trial operation

NAZIMUDDIN SHYAMOL | 2020-10-03 00:00:00

CHATTOGRAM Oct 02: Bangladesh Railway (BR) is going to start the digital system for signalling at 85 railway stations under its Eastern Zone. The digital system has been introduced at 12 stations of BR Eastern Zone experimentally from the current...

Stocks rebound after single-week break

BABUL BARMAN | 2020-10-03 00:00:00

Stocks rebounded in the outgoing week, after a single-week break, as the investors went on bargain hunting for selective large-cap issues with high expectations.Week-on-week, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 16.54 points or...

The Covid-induced transformation

Tapash Chandra Paul | 2020-10-03 00:00:00

COVID-19 pandemic has caused an unprecedented devastation globally. UNDP has identified it as the greatest challenge we have faced since World War Two. Globally, there have been approximately 30 million confirmed cases of COVID-19, including 0.9 million deaths, reported to...