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Monthly import bill hits record $6.0b

SIDDIQUE ISLAM | 2022-01-18 00:00:00

The single-month import payments hit an all-time high of US$6.0 billion in December 2021 following higher purchase of textile items from the global market to build a satisfactory stock of the capital goods.Rise in import of capital machinery also pushed...

Myanmar junta's predicament

Syed Fatttahul Alim | 2022-01-18 00:00:00

Myanmar junta's defiance of the international community's call for holding the perpetrators of crimes against humanity in the country's western state of Rakhine now seems to be more desperate than ever. The junta has ordered its military officials under the...

When a joyous occasion turns into tragedy

Neil Ray | 2022-01-17 00:00:00

Time is perilous. In fact it has been so for the past one year and nine months. Of this terrible time, for about one and a half years the air was heavy with the uncanny but unmistakeable smell of death...

Lax attitude towards Covid curbs

Shamsul Huq Zahid | 2022-01-17 00:00:00

Old habits die hard. The authorities here have proved the adage right again amidst the third wave of Covid-19 that is now sweeping across the country. They are showing their usual traits---lack of coordination and inconsistent moves---in their bid to...

BTRC issues guidelines on granting VSAT licences

ISMAIL HOSSAIN | 2022-01-16 00:00:00

Bangladesh Telecommunication Regulatory Commission (BTRC) has issued guidelines on granting licences to operate VSAT (Very Small Aperture Terminal) for providing internet connectivity by using satellite, a very expensive technology used for the internet connectivity.As per the guidelines, the commission would...

Eight years on, fund for roads yet to get going

MUNIMA SULTANA | 2022-01-16 00:00:00

The Road Maintenance Fund (RMF) could not be made functional in last eight years since its inception in 2013 due to absence of necessary rules and regulations, sources said.They also alleged that some quarters, which were against the formation of...

Resurgence in business following second wave of Covid

Asjadul Kibra | 2022-01-16 00:00:00

Bangladesh economy is rebounding thanks to the resurgence of its external trade. The country's bilateral trade in goods with the rest of the world crossed US$110 billion in the last calendar year reflects the resurgence. In 2020, the value of...

65pc work of Chattogram-Cox's Bazar railway completed

NAZIMUDDIN SHYAMOL | 2022-01-15 00:00:00

CHATTOGRAM, Jan 14: Implementation of the Chattogram-Cox's Bazar Railway Project is now going on in full swing with around 65 per cent of the project work already completed. Besides, construction work of the new nine rail stations on the under-...

Vast swathes of duty-free mkt facilities yet untapped

REZAUL KARIM | 2022-01-15 00:00:00

Bangladesh's products have so far got duty-free market access to only 38 countries, leaving vast swathes of potential untapped, trade officials say.The deficiency is attributed to a lack of proactive measures by the authorities concerned and failure to widen the...

WB starts consultation next week

SYFUL ISLAM | 2022-01-15 00:00:00

The World Bank (WB) will start consultation next week with board members about designing replacement of its flagship 'Doing Business' report that evaluates business climate of the countries globally.Publication of the 'Doing Business' report was suspended in September last year...

Biggies bit tight-fisted

DOULOT AKTER MALA | 2022-01-15 00:00:00

The revenue board finds the banks and large companies a bit tight-fisted in paying into public exchequer as corporate-tax collection from the latter grew 7.5 per cent in the first six months of the current fiscal year.Officials take exception to...

Stocks extend rally, led by state-run firms

BABUL BARMAN | 2022-01-15 00:00:00

Stocks posted a marginal gain in the outgoing week, extending the winning streak for the third straight week, with investors putting fresh bets on the state-owned listed firms, keeping aside Omicron worries.Week on week, the benchmark DSEX index of Dhaka...

Human values have suffered yet another reversal

Nilratan Halder | 2022-01-15 00:00:00

When Covid-19 was wreaking havoc with lives and healthcare systems in larger parts of the planet, people around the world were nervous and awe-struck. They had not even remotely experienced anything of this kind of mass extermination of their kinds...

Inflation pushes low-income earners to the wall

Syed Fattahul Alim | 2022-01-15 00:00:00

The continuous fall of Taka against US dollar as reported from the central bank from time to time is concerning for the common public. Though a linear cause-and-effect relationship does not always work in determining the behaviour of the essentials...

The subsidy dilemma in Bangladesh

Hasnat Abdul Hye | 2022-01-15 00:00:00

Subsidies are not new in Bangladesh, nor in other countries for that matter, the developed ones included. There are certain sectors of economy which have been given subsidy by governments of every stripe, except erstwhile socialist ones with command economies....

Rethinking some Covid curbs

Shamsul Huq Zahid | 2022-01-14 00:00:00

The SARS-CoV-2 variant Omicron is wreaking havoc across the world, at least, in terms of infection rate. Bangladesh is no exception. The daily infection rate has more than tripled over the last couple of weeks. Though the number of daily...

Price hike of the staple may negate economic turnaround

Nilratan Halder | 2022-01-14 00:00:00

Notwithstanding a very good Aman paddy harvest and plenty of rice import, the staple is becoming dearer in defiance of the demand-supply theory. The medium variety of rice registered the highest price rise by more than Tk 4.0 a kilogram...

Recent behaviour of lending & deposit rates in the banking system of Bangladesh

Md Salim Al Mamun and Md Ezazul Islam | 2022-01-14 00:00:00

Shortly after the liberation of Bangladesh in 1971, the Bangladesh Bank (BB) had introduced a controlled interest rate policy, setting both deposit and lending rates for commercial banks which continued until the end of 1990s. The BB, in November 1989,...

Padma bridge opening on schedule

MUNIMA SULTANA | 2022-01-13 00:00:00

The rail connectivity is likely to fall six months behind inauguration of the Padma Bridge scheduled for June next, sources said.This is because, they said, the rail-track-placement work cannot be continued simultaneously with the work of the road bridge which...

New batch of processed agro items await ministry nod

REZAUL KARIM | 2022-01-13 00:00:00

A good number of processed agro items are set to be included into the list of export subsidy facility due to their potential of contributing to the country's export earnings. To this end, the commerce ministry updated the list of...

Act fast on remittance front

SIDDIQUE ISLAM | 2022-01-13 00:00:00

The central bank asks top bankers to jumpstart moves to augment remittance inflow immediately for ensuring macroeconomic stability of Bangladesh, evidently amid forex fall. Under the crash course charted in a meeting Wednesday, top executives of the private commercial banks...

BTRC eases submarine guideline

Ismail Hossain | 2022-01-13 00:00:00

State-owned Bangladesh Telecommunication Regulatory Commission (BTRC) further amends the submarine cable guideline to woo private as well as foreign investment.It eases the provision of 'previous experience' with a submarine cable-operating licence.The amended 'Regulatory and Licensing Guidelines for Invitation of Offers/Proposals...

Push for alternative entry points for RMG raw materials

DOULOT AKTER MALA | 2022-01-13 00:00:00

Apparel exporters have made a call to allow alternative entry points for their raw materials to resolve the issue of transit delay caused by frequent congestions at the Benapole-Petrapole customs point.They alleged that trucks now take 20-30 days to cross...

BD eyes more tie-up with Australia

SYFUL ISLAM | 2022-01-12 00:00:00

As the possibility of a free-trade agreement (FTA) between Bangladesh and Australia is unlikely soon, trade officials suggest signing a bilateral investment treaty to bolster investment.Last September, the two friendly countries signed a trade and investment framework agreement (TIFA) under...

Digitization project put on backburner

DOULOT AKTER MALA | 2022-01-12 00:00:00

Bond-management automation could use hardly 7.0 per cent of allocated funds in four years, with the project apparently put on the backburner while some "unduly" enjoy duty-free buy.People involved with the automation works say any change in its procedures needs...

Leveraging PPP in developing modern ports in Bangladesh

M Masrur Reaz and Hasnat Alam | 2022-01-12 00:00:00

Within five decades of its independence, Bangladesh has demonstrated impressive development performance, with multiple gains emanating from faster poverty reduction, robust economic growth, and sustained human development. The high share of manufactured goods in exports and rise in consumption has...

BR to build commercial building in Chattogram

MUNIMA SULTANA | 2022-01-11 00:00:00

The Bangladesh Railway (BR) will build a multipurpose commercial building near Chattogram Rail Station under public-private partnership (PPP) initiative as part of moves to salvage it from recurring losses.The commercial building on 0.42 acres of land will have a shopping...

Killer roads, vehicles

Syed Fattahul Alim | 2022-01-11 00:00:00

Road accident is a major killer in Bangladesh. The tragedies from motor vehicle collisions in the country are in a word horrifying. The waterways are also not free from tragedies caused by ferry disasters. Strangely, the railways are witnessing accidents...

Covid-19 impact on vaccination, food consumption, maternal & child health

Debapriya Bhattacharya, Towfiqul Islam Khan, Fabiha Bushra Khan and Faria Tahmeen Momo | 2022-01-11 00:00:00

Bangladesh has made immense progress in food security and nutrition, maternal and child mortality rates along with other socio-economic indicators over the past decades. However, the Covid-19 pandemic has not only ravaged the economic metrics in Bangladesh but has also...

Internet speed to be slower, price costlier

ISMAIL HOSSAIN | 2022-01-10 00:00:00

Internet speed is likely to be slower while the price of internet will be costlier in the country due to the use of higher volume of internet for the removal and transfer of cache servers across the country. According to...