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In pursuit of green energy option

Syed Fattahul Alim | 2020-09-19 12:00:00

There was a time when the common complaint against the government in office was its failure to produce enough power to run factories, light the streets and homes. Setting up of more power stations run on imported oil and coal...

Govt mulls body to issue certificates

REZAUL KARIM | 2020-09-19 00:00:00

The government is set to establish an authority for issuing health certificates for export of halal food items to meet the demand of importers of such Bangladeshi products, sources said.To this effect, the Export Promotion Bureau (EPB) will prepare a...

Apparel makers, EPB in service charge dispute

SYFUL ISLAM | 2020-09-19 00:00:00

The country's apparel makers are not in agreement with the Export Promotion Bureau (EPB) over the payment of service charges to the latter for verification of documents under the registered exporter (REX) system of the European Union.Under the REX system,...

Corona infects none of 1,886 newspaper hawkers in Ctg

Nazimuddin Shyamol | 2020-09-19 00:00:00

CHATTOGRAM, Sept 18: Despite newspaper hawkers are distributing newspapers in greater Chattogram everyday, none of them have been affected by Covid-19 so far. There are 1,080 listed newspaper hawkers who are the members of Chattogram Newspaper Hawkers' Union, Chattogram Newspaper...

Growing optimism attracts investors

BABUL BARMAN | 2020-09-19 00:00:00

Stocks witnessed yet another bullish week, extending the winning streak for 13 weeks in a row, as optimistic investors continued their buying binge on large-cap stocks amid high expectation.Week-on-week, DSEX, the key index of the Dhaka Stock Exchange (DSE), went...

Energypac eyes LPG business expansion

SAIF UDDIN, BACK FROM KHULNA | 2020-09-19 00:00:00

Energypac is set to invest more in LPG trade from its IPO (initial public offering) proceeds to grab a large share of the growing liquefied bottled gas market.The local energy and power conglomerate's LPG (liquefied petroleum gas) brand name is...

Property Vetting: A sense of security and safety

Md Moslehuddin Sadi Khan | 2020-09-19 00:00:00

Buying a property in Bangladesh is considered a major achievement in life. Whenever somebody buys a flat, they are filled with joy and pride. However, the real estate industry in our country is filled with scam artists and dishonest people....

Measures for recovery and resilience

Tapash Chandra Paul | 2020-09-19 00:00:00

In Bangladesh, during the nationwide general holiday (shutdown) period, the businesses in various sectors were forced to temporarily pull down their shutters to stem the spread of the deadly virus. Following the recommendations of the government as well as the...

Protecting health and safety of hospital employees

Hasnat M. Alamgir | 2020-09-19 00:00:00

According to the World Health Organisation (WHO) health care facilities around the world employ about 60 million people and these employees face biological, chemical, physical, ergonomic, psychosocial, and electrical hazards including fire and explosion at their workplaces. Healthcare professionals and...

PM orders redesigning

MUNIMA SULTANA | 2020-09-18 00:00:00

Bangladesh Railway (BR) would have to revise the design of Padma Rail Link Project (PRLP) to address the faults detected recently, as Prime Minister Sheikh Hasina has instructed redesigning it following the international standard, officials said Cabinet Secretary Khandaker Anwarul...

Job prospects in post-Covid period

Shamsul Huq Zahid | 2020-09-18 00:00:00

Bangladesh economy had been growing at an impressive rate until the arrival of the novel coronavirus in early March this year. As the deadly pathogen started taking a heavy toll on the life and living of millions, the pace of...

Facing the sixth great extinction

Nilratan Halder | 2020-09-18 00:00:00

As cataclysmic wildfire rages in Florida and President Trump refuses to find any link between such calamities and climate change, his rival in the US election, former vice-president Joe Biden calls the president 'climate arsonist'. Consider, against this wrangling, Bangladesh...

Crunch time for central banks

Stefan Gerlach | 2020-09-18 00:00:00

In Golden Fetters, his celebrated study of the collapse of the gold standard in the interwar period, the American economic historian Barry Eichengreen emphasised that important political and social changes, in particular the extension of the franchise, had made it...

Coronavirus: The trajectory of recovery

Hasnat Abdul Hye | 2020-09-18 00:00:00

When countries overwhelmed with the pandemic outbreak declared lockdown (holiday in Bangladesh) their economies did not come to a standstill. Some sectors like agriculture, food processing, pharmaceuticals and services of sundry nature continued, albeit at a reduced level. So, by...

Reorienting global resilience

Helal Uddin Ahmed | 2020-09-17 12:00:00

The cover-story of the September issue of 'Finance & Development' - the prestigious quarterly journal of International Monetary Fund (IMF) has attracted the attention of many. Titled 'Resilience: Healing the Fractures', it examines the very structure of the global economy...

Allegations surface over evading Tk 25b VAT

DOULOT AKTER MALA | 2020-09-17 00:00:00

The VAT authority unearthed VAT evasion worth Tk24.73 billion allegedly by three subsidiaries of Bangladesh Petroleum Corporation (BPC) in a recent scrutiny.The Chittagong Customs, VAT and Excise Commissionarate has recently made the demand and served a show cause notice on...

Summit explores solutions to Covid-19 challenges

Emon Hasibul Hasan | 2020-09-17 00:00:00

The third edition of the Bangladesh Economics Summit organised by the Economics Study Center (ESC) kicked off on September 12, 2020 with the theme "The Impact of COVID-19: Exposing the Fault Lines of Bangladesh Economy". This year's events include panel...

Conquering the great divide, the inequality

Joseph Stiglitz | 2020-09-17 00:00:00

Covid-19 has not been an equal opportunity virus: it goes after people in poor health and those whose daily lives expose them to greater contact with others. And this means it goes disproportionately after the poor, especially in poor countries...

Shares of 1200 clients sent to link accounts

MOHAMMAD MUFAZZAL | 2020-09-16 00:00:00

Shares from over 1200 BO accounts of the clients of Crest Securities have so far been transferred into their link accounts, as the brokerage house remained shuttered since its owners went into hiding after allegedly embezzling funds and shares of...

Design fault detected midway

MUNIMA SULTANA | 2020-09-16 00:00:00

A major design fault has been detected in the Padma rail link project midway through its implementation for keeping height gap between approach roads and rail tracks lower than standard.Sources said this fault would block heavy vehicles crossing the country's...

Many colleges not going by Covid-19 health rules

ISMAIL HOSSAIN | 2020-09-16 00:00:00

Many colleges are not complying with Covid-19-related cautionary health directives during their admission process for Class XI (academic session 2020-21), which began on Sunday and will continue until Thursday (September 17).According to the admission policy amid the pandemic outbreak, the...

The great services illusion

Célestin Monga | 2020-09-16 00:00:00

As the world prepares for the post-pandemic era, the quest for sustainable economic growth is becoming ever more intense - especially for developing countries. It is tempting to call for these countries - the main engine of global growth in...

The unfinished agenda of financing Africa's Covid-19 response

Brahima Coulibaly, Ngozi Okonjo-Iweala, and Vera Songwe | 2020-09-15 12:00:00

As summer winds down, another wave of Covid-19 infections looms. While cases remain under control in Cambodia, Denmark, Mauritius, and Morocco, they are on the rise in Ethiopia and parts of the United States. Infections have risen so sharply in...

BIDA eyes higher tax payment score

Doulot Akter Mala | 2020-09-15 00:00:00

BIDA has projected to raise the country's paying tax score to 64.8 out of 100 from the existing 56.1 by 2021 in order to improve the nation's ease of doing business ranking.The Bangladesh Investment Development Authority (BIDA) also projected to...

RHD may go for int'l arbitration

Munima Sultana | 2020-09-15 00:00:00

The Roads and Highways Department (RHD) is likely to go for international arbitration to settle the Tk 5.0 billion claim of a Japanese joint-venture construction firm that have built three important bridges on Dhaka-Chattogram highway. Sources said the Dispute Adjudication...

Rising market lures new investors

Babul Barman | 2020-09-15 00:00:00

The number of new beneficiary owner (BO) accounts is on the rise in recent weeks as new investors are entering the market to cash in on the bullish market.About 31,451 accounts were opened in the last one and a half...

Renu killing: Our collective responsibility

Syed Fattahul Alim | 2020-09-15 00:00:00

Finally, the charge-sheet against the accused in the murder of Taslima Begum Renu has been submitted to a Dhaka court. The persons named in the charge-sheet number 15, while 19 persons in total are accused in the case. The police...

Is bus route plan for Dhaka dead?

Shamsul Huq Zahid | 2020-09-14 12:00:00

Dhaka city, according to the World Traffic Index-2020, is ranked 10th among 228 global cities having the worst traffic. Many residents of Dhaka city may find the WTI ranking somewhat generous. They tend to believe that their city deserves to...

State rail operator fares badly

MUNIMA SULTANA | 2020-09-14 00:00:00

With the highest budgetary allocation in the past five years, the Bangladesh Railway's (BR) performance has been recorded unsatisfactory as it failed to attain most of the targets.According to official records, the BR's budgetary allocation during the period of the...

BD lacks platform to issue trade docs electronically

SYFUL ISLAM | 2020-09-14 00:00:00

Bangladesh lacks required platform to issue documents electronically for facilitating trade under bilateral and regional treaties, frequently disrupting export of goods. Until now, most of the trade documents are issued manually and the trading partners cannot check their authenticity if...