SYFUL ISLAM | 2020-07-11 00:00:00
The government has decided to suspend fund release for implementation of low-priority projects under the Annual Development Programme (ADP) of this fiscal year (FY), 2020-21.The decision has been taken amid low revenue collection and increased spending during the Covid-19 pandemic...
Jakirul Islam | 2020-07-11 00:00:00
Bangladesh boasts of a number of globally reputed digital financial service (DFS) providers. Some banks in Bangladesh have progressively developed alternative digital channels for financial inclusion. Agent network is considered one of the five pillars (including regulator, financial service provider...
Syed Rabius Shams and Md. Mofazzol Karim | 2020-07-11 00:00:00
The ready-made garment (RMG) industry in Bangladesh is the home of the second-largest apparel seller in the world. RMG is the primary export-oriented industrial sector of Bangladesh and it looks forward to becoming the prime industry in the years to...
Rubaba Dowla | 2020-07-11 00:00:00
Startups are often considered as the change agents that inspire markets to evolve. And with their resourceful and resilient ability to quickly adapt, many are looking to this sector to play a crucial role in reviving Bangladesh's economy. At the...
Muhammad Nurul Amin Siddiquee | 2020-07-11 00:00:00
"If I fail to sell my cattle this Eid, I'm going to suffer a devastating loss. I've already invested so much in this business. It's going to be hard for me to provide for my family," lamented Mokbul Mollah, a...
Md Shamsul Arefin | 2020-07-11 00:00:00
The Covid-19 outbreak has disrupted the academic year, cancelled classes and examinations of students across the globe. Thus the educational institutions moved classes online encouraging students to attend lectures via electronic devises. This has also sparked a debate on whether...
Syed Mortuza Asif Ehsan and Salamat Ali | 2020-07-11 00:00:00
During the past decade, growth in world trade has been sluggish, with the feeble economic performance of the Eurozone, slowed economic growth in China, lower commodity prices, increasing protectionist measures, and a stronger US dollar. This decade's prolonged period of...
MUNIMA SULTANA | 2020-07-10 00:00:00
Fund crisis caused by the coronavirus pandemic forced the government to block allocation of Tk 24.47 billion funds of different road infrastructure projects in last fiscal year (FY), 2019-2020.As a result, the Roads and Highways Department (RHD) could made 87...
DOULOT AKTER MALA | 2020-07-10 00:00:00
The National Board of Revenue (NBR) has reinstated the VAT exemption for the international oil companies on local production and supply of gas, condensate and other petroleum products.Although their contract with the government has such a provision to enjoy the...
Shamsul Huq Zahid | 2020-07-10 00:00:00
It is all about connections, political or otherwise. The individual who owns the now infamous Regent Hospital has proved himself to be highly crafty in exploiting the same. None is even sure about his actual identity; he has, allegedly, used...
Nilratan Halder | 2020-07-10 00:00:00
Making human misery capital for building undue and outrageous fortunes is nothing unusual in this country. If acceptance of bribe or sharing of a certain percentage of the speed money for public service within normal official function is a starting...
Munima Sultana | 2020-07-09 00:00:00
Rail cargo services have built up Bangladesh Railway's (BR) hopes to minimise its financial loss during the coronavirus pandemic when most of its services remained suspended.According to BR officials, cargo services including special parcel and cross-border trains have surpassed its...
JASIM UDDIN HAROON and REZAUL KARIM | 2020-07-09 00:00:00
The government has again initiated a move to amend the Companies Act 1994 in order to make it more business-friendly. In February, it amended the companies' mother law by scrapping the system of using "company seal" on the business documents.However,...
Siddique Islam | 2020-07-09 00:00:00
Most of the banks are moving carefully while implementing the government's stimulus package for industrial and services sectors to avoid being trapped into fresh defaulted loans. The lenders are scrutinising the track record of the interested borrowers as well as...
Babul Barman | 2020-07-09 00:00:00
The government's revenue earnings from the Dhaka Stock Exchange (DSE) hit more than 10 years low to Tk 1.04 billion in the just concluded fiscal year (FY) 2019-20due to bearish market trend.Market operators said the sluggish market turnover coupled with...
Mohammad Saiful Islam | 2020-07-09 00:00:00
To become an entrepreneur, one does not need be an expert beforehand. Rather, most successful people out there begin their journey very early with whatsoever knowledge they possess and leverage the learnings they keep gaining from first-hand experience. Motasim Rahman...
Suborna Barua, Akramul Alam, Isfaqur Rahman and Rakibul Hossen | 2020-07-09 00:00:00
Financial markets worldwide are responding abruptly to the on-going coronavirus pandemic. The Covid-19 pandemic is likely to produce widespread impacts on financial markets and institutions in almost each affected country. Bangladesh is no exception. Although the stock market is yet...
Helal Uddin Ahmed | 2020-07-09 00:00:00
The Covid-19 pandemic has changed the familiar world we lived in and got used to in so many ways, ranging from daily commutes to interactions with people, as well as work-life, pastimes and food. Similar to the 'Black Death' pandemic...
Hasnat M Alamgir | 2020-07-09 00:00:00
With the death of so many medical doctors during this pandemic, the vulnerability of all healthcare professionals in Bangladesh to hazardous occupational exposure has been blatantly exposed and this issue needs serious and urgent policy level discussions and requires a...
Celine Yeun and Nurul Athira Salith | 2020-07-09 00:00:00
In August 2019, the United States Department of Treasury slammed China with the label "currency manipulator" as a result of the sharp devaluation of the RMB (Chinese currency). Before delving further, we first answer the questions: what is currency manipulation...
Siddique Islam | 2020-07-08 00:00:00
The Bangladesh Bank (BB) has relaxed relevant rules to attract more foreign direct investment (FDI).Following the relaxations, foreign investors will be eligible to receive their dividend income in foreign currency (FC) accounts maintained in Bangladesh, according to a notification, issued...
Doulot Akter Mala | 2020-07-08 00:00:00
The revenue board has launched a single-page income tax return form for small taxpayers in an attempt to simplify submission.The form has recently been introduced by issuing a gazetteto make the return filing easier.Many people having income below the taxable...
Douglas Broom | 2020-07-08 00:00:00
A group of scuba divers have come up with a neat way of tackling two major problems, by recycling ocean plastic waste into coronavirus face masks.Using water bottles recovered from the sea, the Professional Association of Diving Instructors (PADI) has...
Saiful Alam | 2020-07-08 00:00:00
The customer is the king - an old saying in business. The corresponding Japanese proverb goes even a degree higher -- "the customer is god", a reflection of the very humbled Japanese culture. United States is the second biggest export...
Nazimuddin Shyamol | 2020-07-07 00:00:00
CHATTOGRAM, July 06: A new shipping service between Kolkata and Chattogram has completed its maiden voyage when the ship reached the port city from the capital of India's West Bengal state on Monday. Singapore flag carrier ship 'MV Asiatic Moon',...
MUNIMA SULTANA | 2020-07-07 00:00:00
Bangladesh Railway (BR) has implemented only 57.39 per cent of the Annual Development Programme (ADB) in the just concluded fiscal year (FY 2019-20).It could spend only Tk 58.82 billion till June this year out of the total revised ADP allocation...
REZAUL KARIM | 2020-07-07 00:00:00
China has requested Bangladesh to take adequate safety measures for ensuring that the food items being exported from Bangladesh to China remains free from contamination of coronavirus, officials said. In an urgent letter, Import and Export Food Safety Bureau of...
DoulotAkter Mala | 2020-07-07 00:00:00
Tax collection fell into negative territory in the just-concluded fiscal year due to, what officials described, economic disruptions caused by the Covid-19 pandemic.Tax receipt by the National Board of Revenue or NBR shrank by 3.79 per cent in FY 2019-20,...
Abu Hasnat Abdullah and Sajjad Zohir | 2020-07-06 12:00:00
The Economic Research Group (ERG) had undertaken a survey of enterprises in May 2020 and the findings were reported in the Financial Express on June 11. The IT firms included in that survey were found to be in e-commerce, web...
Nazimuddin Shyamol | 2020-07-06 00:00:00
CHATTOGRAM, July 05: Members of Bangladesh River Police and Combined Noujan Sangram Committee of the Bangladesh Cargo Vessels Owners Association (BCVOA) have swung into action to stop illegal plying of bulk-heads and other ships who ply without schedule in Outer...
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