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Covid-19 impacts on life cycle deficit in Bangladesh

Bazlul Khondker and Muhammad Moshiur Rahman | 2020-10-03 00:00:00

Almost all socio-economic impact assessments of COVID 19 used the economy-wide modelling approach (such SAM and CGE supplemented with employment matrix and poverty module) to examine effects on: (i) Gross Domestic Product (macro and sectors); (ii) job losses and unemployment...

Capital market and central bank

Salma Nasreen | 2020-10-03 00:00:00

A general increase in the economic activity of a country may lead to the spring up of industries. However, a well-developed system is needed to raise funds for economic growth. This has led to the establishment of stock exchange market...

Govt formulating master plan to attract private investors

Munima Sultana | 2020-10-02 00:00:00

The government is formulating a master plan to transform the Kamalapur railway station into a multi modal transportation hub (MMTH), and to attract private investors.A master plan is necessary as the hub will have to accommodate at least seven different...

NBR decides on resumption

DOULOT AKTER MALA | 2020-10-02 00:00:00

The National Board of Revenue (NBR) has decided to resume its door-to-door survey from this month in a bid to expand tax net.The decision came following picking up of economic activities and declining trend of the coronavirus outbreak in the...

Q1 remittance flow climbs 48pc on incentives offer

SIDDIQUE ISLAM | 2020-10-02 00:00:00

The inflow of remittances grew by more than 48 per cent in the first quarter (Q1) of this fiscal year (FY) despite the ongoing Covid-19 pandemic, officials said.The flow of inward remittances rose to US$6.71 billion during the July-September period...

Of delay syndrome

Shamsul Huq Zahid | 2020-10-02 00:00:00

It is not at all surprising that the Directorate General of Health Services (DGHS) is dragging its feet on the issue of introducing antigen tests for individuals suspected of Covid-19 infections. Most state organisations do seem to have an habitual...

Where will the pandemic's death toll stop?

Nilratan Halder | 2020-10-02 00:00:00

As the death toll from the global coronavirus epidemic crosses the astounding 10 million mark, the United Nations (UN) Secretary-General Antonio Guiterres utters the doleful requiem, "Our world has reached an agonising milestone". It is indeed a milestone but one...

Span installation unlikely soon due to river swelling

MUNIMA SULTANA | 2020-10-01 00:00:00

Steel truss span installation work over 10 piers of the Padma Bridge is unlikely to resume shortly, as the river started swelling suddenly after a downtrend in the middle of this month (September), officials said.The Padma Multipurpose Bridge (PMB) Project...

Interest rate spread rises in August

SIDDIQUE ISLAM | 2020-10-01 00:00:00

The interest rate spread in the country's banking system increased slightly in August 2020 as banks further slashed rates on deposits but charged a little bit higher on lending.The weighted average spread between lending and deposit rates offered by commercial...

Study favours FTA with Japan

SYFUL ISLAM | 2020-10-01 00:00:00

Signing a free trade area (FTA) agreement with Japan will be immensely beneficial to Bangladesh in the post-LDC era when the country losses trade concessions, a study has found.Presently, all but a few Bangladeshi products enter Japan with duty and...

Hoarding blamed for rice price volatility

REZAUL KARIM | 2020-10-01 00:00:00

Blaming manipulation by millers for the recent rice market volatility, a government survey has found the their involvement in hoarding. The hoarding has also triggered an artificial supply crisis of rice, thus making the market for staple unstable in recent...

Mastering financial calculations using Excel

Naimuz Saadat Niloy | 2020-10-01 00:00:00

Knowing the way around Microsoft Excel provides an upper hand at every profession. When utilising Excel, the limits are not insubstantial to the corporate environment alone. In the growing economy Bangladesh, any professional can use Excel to render their activities...

Ad making contest to ignite creative thinking

Nafisa Nawal | 2020-10-01 00:00:00

Even amidst the sudden halt this pandemic has brought about in students' day-to-day activities, Bangladesh University of Professionals Business and Communication Club (BUP BCC) is back with its flagship event, CreADive. The competition kicked off on September 24 with an...

This is what happens to your body over months in isolation

Scottie Andrew, Kelly Flynn and Max Pepper | 2020-10-01 00:00:00

Since the pandemic officially began in March, we've been told staying home is the best way to avoid catching Covid-19. And it is. But life in confinement can cause physical ailments on its own.Being homebound for so long contorts the...

Border haats as a platform for cross-border value chains

Indranil Bose and Bijaya Roy | 2020-10-01 00:00:00

The 'Neighbourhood First' policy, enunciated by the government of India under the Prime Minister Narendra Modi, prods India to improve its ties with her immediate neighbours. It focuses on cooperation based on requirements and needs of neighbouring countries. In keeping...

Businesses allege harassment by customs intelligence

Doulot Akter Mala | 2020-09-30 00:00:00

Intelligence officials are accused of delaying the release of imported goods from the customs houses, causing harassment to businesspeople.Businesses said the release of goods now takes almost a month from the custom houses due to interference of customs intelligence people...

Import orders drop by 20pc in Aug

SIDDIQUE ISLAM | 2020-09-30 00:00:00

Bangladesh's import orders dropped by nearly 20 per cent or US$713.01 million in August last due to lower demand particularly for apparel and clothing because of the ongoing Covid-19 pandemic. Opening of letters of credit (LCs), generally known as import...

Working in partnership is key to fighting corruption

Mari Elka Pangestu | 2020-09-30 00:00:00

Corruption has long been recognised as a major impediment to development. From massive theft of state assets to the low-level corruption that erodes productivity and weakens service delivery, corruption steals from the poor and erodes progress.Corruption takes many forms. It...

Towards a welfare model

Hasnat Abdul Hye | 2020-09-30 00:00:00

Safety net programmes in Bangladesh have evolved from the past and have been gradually expanded covering more beneficiaries over the years. During British rule, these were known as Test Relief (TR) and Gratuitous Relief (GR), applied at times of socio-economic...

BD may seek fair treatment in investments, visas

MIR MOSTAFIZUR RAHAMAN and Rezaul Karim | 2020-09-29 00:00:00

Bangladesh plans to raise some discriminatory measures taken by the Indian government regarding investments and visa extension as foreign ministers of the both nations meet today (Tuesday).Bangladesh's foreign minister Dr AK Abdul Momen and his Indian counterpart will lead their...

Respite for borrowers until Dec this year

Siddique Islam | 2020-09-29 00:00:00

The central bank has extended for three more months the suspension of rigid rules for classification of loans to help the businesses overcome the damaging effect of the Covid-19 pandemic. It issued a notice Monday asking all banks not to...

Digital submission of IPO proposals in the offing

Mohammad Mufazzal | 2020-09-29 00:00:00

A specific time-frame of approving IPO proposals will be mentioned in a uniform law."Presently, a move is underway to bring the activities of the securities regulator and operations of the capital market under a single act and the specific time-frame...

Bracing for second wave?

Syed Fattahul Alim | 2020-09-29 00:00:00

We have recently learnt about the government's readiness to face the possible second wave of the Covid-19 pandemic during the approaching winter. Admittedly, it is a commendable move on the government's part.Western public health experts first raised the possibility of...

Pandemic is not over, so are scams

Shamsul Huq Zahid | 2020-09-28 12:00:00

The everyday scenes on the streets, markets and other places might lead an outsider to believe that the deadly virus does not exist in this country anymore. Nearly 70 to 80 per cent of people do not bother to wear...

July-Aug tax revenue collection up slightly

DOULOT AKTER MALA | 2020-09-28 00:00:00

The government's tax revenue collection improved slightly in the July-August period of this fiscal year (FY), 2020-21, with a nominal growth over the corresponding period of last FY. It happened so, as the economy started reviving following an improvement in...

Energypac eyes bigger footprint in autogas industry

BABUL BARMAN | 2020-09-28 00:00:00

Energypac Power Generation Limited (EPGL), one of the leading power engineering companies in Bangladesh, is set to invest more in LPG business from its IPO proceeds to grab a significant share of the growing LPG market."We have planned to expand...

Cyber crimes on the rise

Neil Ray | 2020-09-28 00:00:00

The arrest of Nazmus Saaqeb Nayem, an IT virtuoso, has surprisingly not made screaming headlines. According to the police, the tech wizard has confessed to swindling Tk 30 million through online forgery of a visa card of a Bangladeshi businessman...

Full VAT automation now looks elusive

Doulot Akter Mala | 2020-09-27 00:00:00

Around 63 per cent of the total cost of the VAT Online Project (VOP) has remained unspent though the deadline for its execution is set to end on December 31 next. The cost of the project is Tk. 6.90 billion.Most...

Experiment yields encouraging results

TALHA BIN HABIB | 2020-09-27 00:00:00

Community-based mechanised farming reduces production cost by nearly 38 per cent from the level of expenditure witnessed in conventional labor-intensive cultivation. Besides, it also helps produce 11 per cent more paddy per hectare of land than that in labour-intensive production....

The unholy alliance

Syed Fattahul Alim | 2020-09-26 12:00:00

The natural tendency of things is to slide from order into disorder. No one has ever seen various stationery items lying scattered around a place getting organised by themselves. But keep them there unattended and it won't take long for...