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Most drug makers' revenue growth fails to propel profit as much

BABUL BARMAN | 2024-05-01 00:00:00

Leading drug makers showed a double-digit revenue growth year-on-year in the nine months through March this year, but the rise in their profits was much slower in comparison during the period for escalation in business cost. Increased raw material prices,...

DMTCL yet to relocate utilities though physical work set to begin in Dec

MUNIMA SULTANA | 2024-05-01 00:00:00

Despite the planned physical work start of the Mass Rapid Transit Line-1 in December this year, the project authorities have yet to get the utility lines relocated thanks to "non-cooperation" from two Dhaka city corporations and the Roads and Highways...

IMF prescribes greater exchange rate flexibility

SYFUL ISLAM | 2024-05-01 00:00:00

Bangladesh has to pursue greater exchange-rate flexibility to get rover the jitters over depleting foreign-exchange reserves, the IMF says to reaffirm its financial-recovery suggestions. "…it's important that the next stage of the reform agenda is to allow greater exchange-rate flexibility,...

Full-scale oil transportation thru undersea pipeline from July

NAZIMUDDIN SHYAMOL | 2024-05-01 00:00:00

CHATTOGRAM, Apr 30: The full-scale transportation of petroleum products through undersea pipeline from Matarbari storage station in Kutubdia to the storage tank of the Eastern Refinery Limited (ERL) in Patenga is expected to start in July next. The authorities conducted...

Wardrobe essentials to stay cool and fashionable in sweltering weather

ZANJABIL MASHKURA | 2024-05-01 00:00:00

With the increasing temperature, picking breathable, relaxing, lightweight outfits for all-day-long activities is necessary. Heat waves might end in a few days, but the temperature will continue to stay up for at least the next three months, as it is...

BD issues logistics policy on private investment

DOULOT AKTER MALA | 2024-04-30 00:00:00

The government has issued the first-ever logistic policy, thereby opening scope for private-sector investment in ports, railways, waterways and other investment-starved areas in Bangladesh.The 'National Logistics Policy 2024' has outlined more than 62 reform plans in major areas to attract...

The protests at US campuses

Syed Fattahul Alim | 2024-04-30 00:00:00

'How universities are cracking down on a swell of tension months into student protests over Israel's bombardment of Gaza'. This sentence is the heading of a CNN report of April 28 on campus unrests in the USA.The mentioned CNN heading...

MV Abdullah sailors set for mid-May return

NAZIMUDDIN SHYAMOL | 2024-04-29 00:00:00

CHATTOGRAM, Apr 28: The Bangladeshi-flagged MV Abdullah was scheduled to depart the United Arab Emirates (UAE) on Sunday afternoon (local time) for Chattogram port, carrying its 23 Bangladeshi crew members. The vessel and its crew are expected to reach Chattogram...

33rd anniv of 1991 cyclone Monday

NAZIMUDDIN SHYAMOL | 2024-04-29 00:00:00

CHATOOGRAM, Apr. 28: The evening of April 29, 1991, unfolded with a frightening gloom over the coasts of Chittagong and Cox's Bazar. Gusty winds swept through the coastal belt in the afternoon, a chilling introduction to what would become one...

NBR submits spending-cut measures

DOULOT AKTER MALA | 2024-04-29 00:00:00

Taxmen sought a hefty allocation for vehicles as logistics support for compliance enforcement to achieve direct- tax -collection target in next fiscal as the IMF forwarded a revenue-raising recipe.Taxmen presented an estimate of Tk 7.0 billion worth of allocation on...

National Bank PLC too decides against merger

SYFUL ISLAM | 2024-04-29 00:00:00

Days after BASIC Bank board's decision not to merge with a private-sector counterpart, the National Bank PLC now opts to follow suit, sources say, in apparent renunciation of the hasty regulatory move.The board of directors of the National Bank PLC...

Poverty, child marriage and family tragedy

Neil Ray | 2024-04-29 00:00:00

It is an emotion-packed suicide note. The writer is a teenager named Israfil Hossain aged 17. Now deceased, the teenager betrothed his sweetheart Rokeya Khatun only 15 years old, whose suicide apparently prompted him to take his own life. Based...

Global plastic treaty

Syed Fattahul Alim | 2024-04-29 00:00:00

In mid-November last year (2023), the Intergovernmental Negotiating Committee on Plastic Pollution (INC-3) convened its third meeting in Nairobi, the capital of Kenya. Delegates from more than 160 countries attended. Earlier, two other similar meetings were held in Uruguay and...

Case backlog traps billions as revenue disputes drag on

GULAM RABBANI | 2024-04-28 00:00:00

Despite missing collection targets annually, resolving disputed revenue claims in Bangladesh's top court crawls -- leading to massive court backlogs awaiting settlement. This logjam is evident in the case of a well-known telecom company.For nearly a decade, the company's dispute...

Capital gain tax exemption for individual investors likely to go

DOULOT AKTER MALA | 2024-04-28 00:00:00

Levying tax on capital gains of individual investors in the capital market is a likely option the revenue board considers incorporating into the upcoming budget, sources said.The cue comes from the IMF during review of its loan-package terms set for...

A Notredamian's journey to a top US university

Khalid Saifullah Khan | 2024-04-28 00:00:00

"I believe that in today's world, finding the right balance between what our head says and what our heart says may open new doors of opportunity," says Laidlaw Scholar Jahir Islam, a rising sophomore at Tufts University, coming from the...

How far is justice for Rana Plaza victims?

Atiqul Kabir Tuhin | 2024-04-28 00:00:00

Justice is blind. That means it is impartial and objective, and all citizens are equal before the law. And access to justice is neither charity nor mercy, but a basic human right. The right to a competent, independent, and impartial...

Protecting workers from extreme heat

Asjadul Kibria | 2024-04-28 00:00:00

The ongoing heat wave across the country has made the current summer unbearable due to global climate change. And that is caused mostly by human action in the name of development. Over the decades, nations worldwide have compromised the balance...

Iran's role in Gaza & face-off with Israel

Hasnat Abdul Hye | 2024-04-27 12:00:00

Iran’s role in Gaza, particularly in radicalising the young generation against Israeli occupation, is known to all. Its opposition to the Zionist regime’s plan to stretch the state of Israel ‘from the river to the sea’ has kept the flame...

Ministry mediation sought for dollar to avoid default

SYFUL ISLAM | 2024-04-27 00:00:00

A Bangladesh-China joint venture that implemented the 1,320-megwatt thermal power-plant project in Patuakhali continues entreaty for finance ministry's intervention to get US dollars for timely loan repayment to a Chinese bank.Sources say a severe dollar dearth in Bangladesh has caused...

Patenga Container Terminal set for opening in June

NAZIMUDDIN SHYAMOL | 2024-04-27 00:00:00

CHATTOGRAM, Apr 26: The Patenga Container Terminal will be commissioned in June this year, marking the first time a foreign company will manage a terminal at Chittagong port.The container terminal, financed by the port itself, has been awarded to Red...

Lesson from the superhuman endurance of cricketers

Nilratan Halder | 2024-04-27 00:00:00

At a time when heat waves are on the rampage in most parts of Bangladesh, the Dhaka Premier Division Cricket League (DPDCL) in short (DPL) defies the heat. A 50-over match that starts at 9:30 in the morning continues throughout...

Weather extremes of contrasting nature bode ill for the planet

Nilratan Halder | 2024-04-26 00:00:00

At a time when Bangladesh and India are gasping for breath under the searing sun, some desert nations in the Middle East are encountering deluge caused by heavy rains accompanied with thunder and sandstorms. The highest temperature recorded so far...

137th Chattogram Port Day today

NAZIMUDDIN SHYAMOL | 2024-04-25 00:00:00

CHITTAGONG, Apr 24: The Chittagong Port Authority (CPA) will observe the 137th Chattogram Port Day today (Thursday).The Chittagong seaport is one of the oldest natural ports in the subcontinent and also the prime one of the country.On the eve of...

Daiki Axis to invest $10m for manufacturing sewage treatment products

ISMAIL HOSSAIN | 2024-04-25 00:00:00

Daiki Axis, Japan's leading water and wastewater solution provider, is set to invest US$10 million in Bangladesh to manufacture Johkasou sewage treatment products. The company has already joined hand with its local partner Charm Ltd, which is its sale agent.Daiki...

Govt projects equally liable for defying allowable limits

MUNIMA SULTANA | 2024-04-25 00:00:00

The private sector is mostly blamed for damaging highways for carrying overloaded goods, so are government agencies to blame equally for conveying overweight building materials and heavy machinery to different project sites.In these cases, sources say, allowable limit becomes unlimited...

Green channel imports to get self-assessment facility from next FY

DOULOT AKTER MALA | 2024-04-25 00:00:00

The customs authority is set to introduce a self-assessment system for import goods that come through the green channel from the next fiscal year (FY).The authority is incorporating the automated assessment system in the Asycuda World to reduce time and...

Why increase VAT burden amid high inflation?

Atiqul Kabir Tuhin | 2024-04-25 00:00:00

The proposed substantial increase in indirect taxes, such as the value-added tax (VAT), for the next fiscal year is a cause for concern amid persistent inflation. Despite the implementation of contractionary monetary policy, there are no signs of inflation cooling...

Follies and foibles we are captive to

Syed Badrul Ahsan | 2024-04-25 00:00:00

Have we sometimes wondered why we should be referring to places and institutions in our country through associating them with places and institutions abroad? For ages there have been the many references to Dhaka University (DU) as the Oxford of...

Navigating health hazards for food vloggers

NOWSHABA ACHAL | 2024-04-24 00:00:00

Welcome to the exciting world of food vloggers, where every day is a colourful panorama of creativity, flavours, taste, and textures. Imagine discovering a world where the aromas of sizzling spices, freshly brewed coffee, and freshly baked goods blend perfectly....