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Smart tax system a must to deal with digital-era business

Doulot Akter Mala | 2021-11-24 12:00:00

Digitization of global trade has simplified business processes, ushering in speeds and newer dimensions. The digital-era businesses are constantly adopting advanced technology and paperless trade procedures to stay competitive amid this paradigm shift. As such, how to match the taxation...

NPLs swell to over Tk 1.0t despite policy backup

SIDDIQUE ISLAM | 2021-11-24 00:00:00

Classified loans in Bangladesh's banking system swelled to more than Tk 1.0-trillion mark again, as of September, despite receiving state policy support.The volume of non-performing loans (NPLs) grew by nearly 14 per cent or Tk 124.16 billion to Tk 1011.50...

Is Bangladesh suffering the Titanic's fate?

Tarannum Azim Baigh and Asad Islam | 2021-11-24 00:00:00

Consider the final scene of the cult classic movie "Titanic," in which passengers frantically elbow one another for a spot in one of the few available lifeboats while a group of musicians continue to perform, recognising the impending disaster. The...

Infrastructure development in BD: sights set on endgame

Syed Naimul Abedin | 2021-11-24 00:00:00

Bangladesh has, of late, achieved the much-needed political stability that is a prerequisite for any nation to reap sustainable growth. Despite having countless challenges, the country has embarked on a trajectory with an excellent track record for growth and poverty...

Growing economic burden of air pollution on BD

Farhana Rafiq and Mohammed Foysal Chowdhury | 2021-11-24 00:00:00

Winter is around the corner-with its associated boons and banes, too. This season invokes a sense of festivity for many Bangladeshis primarily because it offers a respite from a persisting spell of hot and humid climatic conditions of this subtropical...

What has happened to employment and wages?

Rizwanul Islam | 2021-11-24 00:00:00

What kind of transformation is expected in an economy is a moot question. Economic growth is important for all countries irrespective of the level of development, but it needs to be accompanied by productive and decent employment because that is...

Global net-zero equation: Financial institutions' contribution

Mesbaul Asif Siddiqui and Gultekin Binte Azad | 2021-11-24 00:00:00

With advances in communications, trade, industrialization and increased footprint in this era of globalization, we as a nation have surpassed Millennium Development Goals (MDGs) milestone and moved up the ladder from being an LDC to a developing country. Bangladesh is...

Higher education's role in shaping future of businesses: Industry-academia bond pays off

Mohammad A. Momen and Melita Mehjabeen | 2021-11-24 00:00:00

The growth story of Bangladesh, across both economic and social development indicators, has been phenomenal over the last 50 years since independence. However, the country continues to face headwinds in future growth opportunities due to academic and vocational skills mismatch...

Covid-19 makes things worse

Debapriya Bhattacharya, Towfiqul Islam Khan, and Md Mursalin Hossain Rabbi | 2021-11-24 00:00:00

Since the onset of Covid-19 in Bangladesh in March 2020, the health impact on the country's population has been staggering. With more than 4,680 cases and 73 deaths per million population a day the country has had the highest infection...

Growth and poverty alleviation -

Mirza Azizul Islam | 2021-11-24 00:00:00

Practically all countries in the world have suffered major setbacks in their macroeconomic performance due to disruptions of economic activities caused by Covid-19. Bangladesh is no exception. This article is not about the impact of Covid-19 per se, though references...

Customs set timeline for service delivery

DOULOT AKTER MALA | 2021-11-23 00:00:00

The customs authority has set a timeline for service delivery to the exporters having bonded-warehouse licences in a bid to ease time and cost of doing business through speedy release of goods.The customs officials will have to provide 25 types...

Conflicts of authority likely to deter Dhaka subway

Munima Sultana | 2021-11-23 00:00:00

Conflicts of authority between two government agencies are likely to embroil Dhaka's mass-transit-system development as Bangladesh Bridges Authority (BBA) moves to take subway construction in the capital under its jurisdiction, sources say.Despite a dedicated authority being there to develop six...

Difference over inclusion of apparel delays signing

SYFUL ISLAM | 2021-11-23 00:00:00

The signing of a preferential trade agreement (PTA) between Bangladesh and Indonesia is facing delays due to a difference over inclusion of Dhaka's apparel on the tariff concession list and also for the pandemic-related complexities, officials said.The bilateral trade negotiation...

Sudan at the crossroads

Syed Fattahul Alim | 2021-11-23 00:00:00

The toppling of the three decades old rule of Field Marshall Omar Hassan Ahmad al-Bashir on April 2019 was widely celebrated as a victory of Sudan's popular democratic forces against the military dictatorship. Though it was a months-long bloody popular...

Developing health & safety surveillance system for hospital workers

Hasnat M Alamgir | 2021-11-23 00:00:00

The Covid-19 menace has brought into light the extreme vulnerability of health care workers (HCW), particularly the direct patient care providers in Bangladesh and beyond. HCWs face frequent workplace stressors: patient lifting and transfers leading to upper or lower extremity...

Exporters, off-docks lock horns over tariff hike

Doulot Akter Mala | 2021-11-22 00:00:00

Apparel exporters defy enhanced container-handling tariffs as the port-service receivers and private off-dock operators locked horns over a recent raise in port charges as an aftereffect of diesel- price hike.Apparel exporters and shipping agents challenge that the private off-docks cannot...

India launches investigation into dumping allegation

REZAUL KARIM | 2021-11-22 00:00:00

The Indian authorities have launched an anti-dumping investigation into an allegation against clear float glass (CFG) exporters of Bangladesh.They initiated the probe amid allegations raised by the Indian CFG manufacturers that the exporters were dumping the product in the Indian...

Will sharp fall in oil price prompt BPC to lower it now?

Neil Ray | 2021-11-22 00:00:00

Friday's sharp fall of oil prices in international market amid the fear of a fresh surge in Covid-19 cases in different regions including Europe prompts a reappraisal of global economic recovery. Austria was the first country in Europe to impose...

Grassroots polls and decentralisation

Shamsul Huq Zahid | 2021-11-22 00:00:00

Sporadic clashes between supporters of rival candidates during the local-level elections held in phases have claimed at least 37 lives and left many more injured. The ruling-party nominated candidates and the rebels, also belonging to the ruling party, engaged in...

New drivers of economy

Asjadul Kibria | 2021-11-21 00:00:00

Tjough Bangladesh has been moving ahead and the country's economy has also been registering a persistent level of growth, the question that still arises is how sustainable the growth is. There is no doubt that the economy will continue to...

Managing Chinese influence in S Asia

Deep Pal and Saheb Singh Chadha | 2021-11-20 12:00:00

Since 2020, China has allowed 97 per cent of Bangladeshi goods duty-free access to its domestic market. Simultaneously, it is helping the country to diversify its export base and move its industry up the value chain. This becomes all the...

Banking shares drive rally

BABUL BARMAN | 2021-11-20 00:00:00

Stocks extended the winning streak for a second straight week that ended on Thursday, with smart investors putting fresh bets on heavyweight banking shares amid positive expectations.Of the five trading days during the week, the first session closed lower while...

Linden Energy shows interest

REZAUL KARIM | 2021-11-20 00:00:00

A US-based internationally focused energy development company seeks to supply liquefied natural gas (LNG) to Bangladesh for a 20-year period, officials say.In exchange, Linden Energy assures Dhaka of lobbying Washington to secure zero-tariff/lower-tariff entry of Bangladeshi items, including garment, to...

A layman's understanding of climate change

Nilratan Halder | 2021-11-20 00:00:00

A layman's contribution to greenhouse gas is insignificant. He and his family may burn sliced logs, straws and leaves for cooking and other purposes and in the process cause carbon emission of a paltry amount. But traditionally he has inherited...

Post-pandemic recovery scenario and role of vaccination

Bazlul H Khondker | 2021-11-20 00:00:00

The estimated cost of Covid-19 has been large on the global economy. The Covid-19 costs manifested in various forms - contraction of the economy, increase in job loss rates and rise in poverty rates. Riding on the invention of the...

What was Xi-Biden summit for?

Syed Fattahul Alim | 2021-11-20 00:00:00

November 16's XI-Biden virtual summit did not come up with any joint communique. It has obviously led to a lot of head-scratching among the political pundits. Has then the summit between the world's two largest economies ended in a fiasco?...

Need for more public toilets

Susan Lund | 2021-11-19 00:00:00

Ensuring clean and accessible sanitation is a core part of Sustainable Development Goal-6. Today is World Toilet Day, initiated to inspire action to tackle the global sanitation crisis, and reach SDG-6 by 2030. The sanitation situation in Dhaka has improved...

No need for any primary education board

Nilratan Halder | 2021-11-19 00:00:00

Eminent citizens, many of them revered educationists, have expressed their concern over the government plan to form an education board aimed at holding primary education completion (PEC) examination. Educationists and others caring for education, particularly at the primary level, have...

Banks push for their higher holdings in govt securities

SIDDIQUE ISLAM | 2021-11-18 00:00:00

Bangladesh's commercial banks, particularly the primary dealers (PDs), Wednesday urged the central bank to enhance their holdings in government securities to make up for the revaluation losses they count on public-debt instruments. They sought enhancement of maximum limit of statutory...

Being vegan in Bangladesh

Sirajum Munira Tuli | 2021-11-18 00:00:00

Be it raising awareness of animal rights or a greater interest in fitness; for various reasons, there is a tendency among many people these days to become a vegan. Though the harmful aspects of animal protein and the health aspects...