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Lower budgetary allocation brings challenges to RHD

MUNIMA SULTANA | 2020-07-18 00:00:00

With the road network expanding, lower budgetary allocation for road development and maintenance work in this fiscal year is likely to put the authorities concerned in a fix. Although budgetary allocation for this sector sees an increase every fiscal year,...

Economic activities could lose steam: BB

SIDDIQUE ISLAM | 2020-07-17 00:00:00

The central bank has predicted domestic economic activities are likely to lose momentum in near future as side-effects of the shutdowns and slower growth in foreign trade."The ordered implementation of stimulus packages combined with monetary and fiscal policies may mitigate...

Downbeat return to roots

Shamsul Huq Zahid | 2020-07-17 00:00:00

Silent migration from Dhaka to other parts of the country is on in a complete reversal of the trend witnessed for decades. The minute microorganism called the novel coronavirus has made it possible.Policymakers have been worried over the unending inflow...

No idea about the phase of pandemic

Nilratan Halder | 2020-07-17 00:00:00

Living with coronavirus seems to have been the new normal. Those who can afford 'stay home' and maintain other hygienic protocols are fortunate enough, but the majority have either willingly or on compulsion left safety of life to chances if...

Swiss deposit, outward FDI: Proxies for capital flight!

Asjadul Kibria | 2020-07-17 00:00:00

Capital flight is a reality in most of the developing countries including Bangladesh. There is, however, a misperception that capital flight is always harmful and illegal. That's why the term 'capital flight' is sometimes used by many to mean 'illicit...

They are the change makers

Alvi Rahmaan Atoshie | 2020-07-16 00:00:00

The Diana Award is one of the most distinguished honours presented to the youth as a recognition for their social or humanitarian work. The award was established in the memory of Princess Diana and holds the same credence over youth...

Case contest: Celebration of creativity

Khaled Mahmud | 2020-07-16 00:00:00

East West University Business Club has successfully organised BriefCase 2.0. The world could be crumbling down yet they are always living up to their reputation. To get BriefCase 2.0 running, the official registration began on June 18, 2020. More than...

Disclosing overseas assets in IT returns

Helal Uddin Ahmed | 2020-07-16 00:00:00

Despite claims of progress in revenue generation, the tax-GDP ratio in Bangladesh is inexplicably the lowest in South Asia, and one of the lowest in the whole world. As against an 8.5 per cent tax-GDP ratio in Bangladesh during 2019,...

Ctg RMG factories lose orders worth Tk 100b

NAZIMUDDIN SHYAMOL | 2020-07-15 00:00:00

CHATTOGRAM, July 14: The coronavirus pandemic has weighed heavily on the readymade garment (RMG) sector in the port city, as orders worth about Tk 100 billion from global apparel brands have already been cancelled.As a result, at least 30 RMG...

BR contemplates another project

MUNIMA SULTANA | 2020-07-15 00:00:00

Bangladesh Railway (BR) will undertake another project to upgrade Dhaka-Sylhet corridor for no progress in a similar costly ongoing project, sources said.The Tk 161.04-billion Akhaura-Sylhet project to convert the single-line metre-gauge track into a single-line dual-gauge one was taken in...

DSE asks 15 firms to fulfill dearth of funds by Thursday

MOHAMMAD MUFAZZAL | 2020-07-15 00:00:00

The premier bourse has asked some 15 brokerage firms to fulfill the deficiency of investors' funds, found in their consolidated customers' accounts, by tomorrow (Thursday).After fulfilling the deficiency, the brokerage firms will have to attend the Dhaka Stock Exchange (DSE)...

The long economic hangover of pandemics

Òscar Jordà, Sanjay R Singh and Alan M Taylor | 2020-07-15 00:00:00

The Covid-19 pandemic's toll on economic activity in recent months is only the beginning of the story. While the rapid and unprecedented collapse of production, trade, and employment may be reversed as the pandemic eases, historical data suggest that long-term...

Measuring economic activity from space

Jobaida Behtarin, Syed Basher and Salim Rashid | 2020-07-15 00:00:00

When flying into Dubai at night, Bangladeshi workers visiting the Middle East for the first time are astonished by the abundance of glittering lights on Dubai's buildings and structures, highways, and streets. Before setting foot on the ground, they know...

NBR to launch VAT e-payment July 16

Doulot Akter Mala | 2020-07-14 00:00:00

The National Board of Revenue (NBR) is going to introduce e-payment system for the VAT-payers on July 16 (Thursday) to facilitate VAT payment from anywhere.Initially, people having accounts in three banks can make the e-payment. However, the facility will be...

$2.0b budgetary support likely this fiscal year

SYFUL ISLAM | 2020-07-14 00:00:00

The government is working on securing about $2.0 billion budgetary support from bilateral and multilateral development partners in the current fiscal year (FY), finance ministry officials said.In the just-concluded fiscal year, Bangladesh got $1.0 billion as budgetary support to help...

China bans import of crab, eel from BD

REZAUL KARIM | 2020-07-14 00:00:00

China has imposed a ban on import of live mud crab and eel fish from Bangladesh as health hazardous bacteria were found in some consignments along with forged salubrity certificates recently, officials said.The government has asked the law enforcement agency...

No move for encouraging local, foreign cos' IPO floatation

Mohammad Mufazzal | 2020-07-14 00:00:00

Dhaka Stock Exchange (DSE) has moved to review the performances of its staffs from top to bottom in the context of their respective salaries and benefits to ensure an efficient management reducing operating costs.A team headed by independent director Salma...

Commonwealth trade deflection and way forward

Syed Mortuza Asif Ehsan and Salamat Ali | 2020-07-14 00:00:00

One of the major developments in the world economy over the past three decades or so has been the rapidly growing share of the developing countries. Indeed, the rise of developing countries as significant drivers of global growth and trade...

With sliding economies, families struggle to survive

Syed Badrul Ahsan | 2020-07-14 00:00:00

Social realities are taking newer, darker shades of meaning in the country. The coronavirus pandemic has been creating havoc in individual and family economies. Tens of thousands of people, mostly in the lower income category, have made their way out...

China's economic slowdown and Commonwealth trade deceleration

Syed Mortuza Asif Ehsan and Salamat Ali | 2020-07-13 12:00:00

World Gross Domestic Product (GDP) and trade suffered significantly as a result of the 2008 global financial crisis. There was some recovery during 2009-2012 but the world's export orientation has been declining gradually over the past few years. Several studies...

Trial tansshipment with India starts this week

NAZIMUDDIN SHYAMOL | 2020-07-13 00:00:00

CHATTOGRAM, July 12: Chittagong port, the prime sea port of Bangladesh and Kolkata Port Trust (KPT) are being ready for transshipment between the two neighbouring countries. The trial transshipment will start from the current week. A ship named MV Senjuti...

Another cargo service rolls out today

MUNIMA SULTANA | 2020-07-13 00:00:00

Bangladesh and India launch today another rail cargo service to shift trade of more road-centred goods through this comparatively safer transport system during the coronavirus pandemic.Earlier, both the neighbourly nations successfully rolled out wagon service.The planned parcel van service, which...

Banks freeze accounts of Shahed, aides JKG’s Dr Sabrina held over test scam

Doulot Akter Mala | 2020-07-13 00:00:00

The commercial banks have frozen the accounts of few people who are allegedly involved in the Covid-19 test scandal.They froze the accounts of Regent Hospital chairman Md Shahed and director Ibrahim Khalil, JKG Healthcare chief executive officer (CEO) Ariful Chowdhury...

Innovation helps GP cushion Covid shock

ISMAIL HOSSAIN | 2020-07-13 00:00:00

Top network operator Grameenphone has unleashed innovative solutions to fend off challenges posed by coronavirus pandemic, the company's top executive says. "This ongoing pandemic has created several challenges for all of us," said Yasir Azman, chief executive officer at Grameenphone."We've...

Focus on World Population Day

Neil Ray | 2020-07-13 00:00:00

The World Population Day has apparently lost much of its appeal and significance not only to countries like Bangladesh but also to the international bodies dealing with population issues. Why? The impression is that Malthusian population growth could be reined...

Covid: Half-truths and confusions

Shamsul Huq Zahid | 2020-07-13 00:00:00

One has got valid reasons to be confused over the behaviour of the relevant policymakers in relation to containing the dreaded coronavirus infection.It has become truly difficult to keep track of the developments surrounding the official move/s to contain the...

New brokers' minimum paid-up capital to be Tk 100m each: DSE

Mohammad Mufazzal | 2020-07-12 00:00:00

The Dhaka bourse wants to sell new broking licenses to the companies having a minimum paid-up capital of Tk 100 million though the paid-up capitals of many existing brokers are still below Tk 30 million.The board of the Dhaka Stock...

Commonwealth trade in the backdrop of covid-19

Syed Mortuza Asif Ehsan and Salamat Ali in the second of their four-part article An assessment of the impact of the slowdown of the Chinese economy on Commonwealth member countries | 2020-07-12 00:00:00

In addition to the several reasons for the global trade slowdown discussed earlier (First-part of the article published in the FE on July 10, 2020), one major structural factor associated with this and the Commonwealth trade slowdown is the consolidation...

Stocks extend winning streak amid regulatory moves

Babul Barman | 2020-07-11 00:00:00

Stocks extended the winning streak for the third straight week that ended on Thursday as investors showed their appetite following the ultimatum for complying with minimum shareholding by the stock market regulator. Trading on the bourses also resumed normal schedule...

Sugar refiners seek import VAT waiver amid pandemic

Rezaul Karim | 2020-07-11 00:00:00

Country's sugar refiners have sought VAT (value added Tax) waiver so that they can market their imported sugar at a fair price as they have been facing losses in the wake of the Covid-19 pandemic, industry insiders have said.On July...