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Tapping into youth bulge to embrace a new brave digitised world

Md. Rafiqul Islam Sheikh | 2021-11-18 00:00:00

Diogenes, a Greek philosopher and one of the founders of Cynic philosophy, once said, 'The foundation of every state is the education of its youth'. To this day, his saying provides cue to how to cope with a fast-moving world...

Prevention of fall injuries among workers

Hasnat M Alamgir | 2021-11-18 00:00:00

Falls constitute a major injury among workers in all employment sectors that include manufacturing, agriculture, and services. Fall is a leading cause of injury to workers in other countries as well where plenty of research studies reported on the risk...

Banks count revaluation losses on govt securities

Siddique Islam | 2021-11-17 00:00:00

Bangladesh's commercial banks, particularly the primary dealers (PDs), face revaluation losses on government securities as the yields on the borrowing tools increased significantly.Higher yields on government securities, particularly Bangladesh Government Treasury Bonds (BGTBs), have forced the banks to book revaluation...

BD, S'pore willing to sign FTA

DOULOT AKTER MALA | 2021-11-17 00:00:00

Bangladesh and Singapore may soon start negotiations on a bilateral trade agreement that promises to open a vast vista of trading turf encompassing entire Southeast Asian and Asia-Pacific regions. Officials said Singapore, the third largest investor in Bangladesh, has shown...

Ctg yet to get master plan

MUNIMA SULTANA | 2021-11-17 00:00:00

The port city of Chattogram is still to get a transport master plan despite an initiative taken two years ago due to a distinct lack of a dedicated authority.Sources said multiple initiatives were made earlier to develop an integrated transport...

Local refiners urge govt to buy sugar from them

REZAUL KARIM | 2021-11-16 00:00:00

Country's sugar refiners have proposed the government to purchase sugar from their member mills to ensure buffer stock and thus keep the price stable during the next Ramadan, officials said.Bangladesh Sugar Refiners Association (BSRA) made the plea to the state...

Lower NPLs, ramp up stimulus delivery

SYFUL ISLAM | 2021-11-16 00:00:00

Government's finance authority asks the state-owned banks (SoBs) and financial institutions (FIs) to expedite implementation of stimulus packages by ramping up fund disbursement and recovery, and lowering the loads of non-performing loans (NPLs).The prod comes from the Financial Institutions Division...

Japanese co seeks Tk 292m refund

Doulot Akter Mala | 2021-11-16 00:00:00

A Japanese company claims Bangladesh customs has charged Tk 292 million in duty-taxes on its building-material imports by mistake and has moved for refund of the money.Officials say Japan's Dhaka mission has taken up the matter and approached the revenue...

Fuel price hike adds to Ctg fish traders' woes

NAZIMUDDIN SHYAMOL | 2021-11-16 00:00:00

CHATTOGRAM, Nov 15: Fuel price hike has augmented sufferings of Chattogram's fish farmers and fishmongers, already hit hard financially by the Covid-19 pandemic.Wholesalers at Chattogram's Fishery Ghat told the FE that rise in diesel price has caused extreme damage to...

BSEC to extend time-frame

Mohammad Mufazzal | 2021-11-16 00:00:00

Three large cap companies including Berger Paints Bangladesh are set to be offered with time extension to offload more shares in a bid to avert negative impact on market prices.The Bangladesh Securities and Exchange Commission (BSEC) has decided to consider...

Most listed power generation companies see EPS growth

BABUL BARMAN | 2021-11-16 00:00:00

Most listed power generation companies in the private sector posted moderate earnings growth in July-September 2021, thanks to higher income from subsidiaries and reduced corporate tax rate.Out of the 23 companies listed in the 'fuel & power' sector on the...

Delinquent transport operators

Syed Fattahul Alim | 2021-11-16 00:00:00

The body of a 10-year-old girl child was found on a spot opposite the Jamuna Future Park on Tuesday morning last week. Later, it could be learnt that the girl was run over by a bus. The victim child, who...

Government needs to introduce a sustainable policy framework

A H M Hasinul Quddus Rusho | 2021-11-16 00:00:00

A few months back, a news on social media caught my attention. I was literally poring over the news for almost an hour. I read it repetitively, although cannot distinctly remember the number of times I went through it. The...

The political economy of price rise

Hasnat Abdul Hye | 2021-11-16 00:00:00

Governments, unlike a business or industrial enterprise, are a political entity even when it is not elected or elected controversially. While a business or industrial concern can decision purely on economic considerations of profit and loss, a government of any...

Oct LC settlements fall 5.26pc to $5.27b

SIDDIQUE ISLAM | 2021-11-15 00:00:00

Bangladesh's import volume fell in October as apparel exporters had earlier made contingency stockpile of textiles in line with buyers' orders to avert global price volatility and cut down purchase.Settlement of letters of credit (LC), generally known as actual import,...

VAT-exemption process relaxed

DOULOT AKTER MALA | 2021-11-15 00:00:00

Exporters now can enjoy speedy cargo delivery from the customs ports as the time-consuming VAT-exemption process has been relaxed to give them a quick pass.The value-added tax (VAT) wing of the National Board of Revenue (NBR) deleted the mandatory provision...

Execution likely to be delayed

Munima Sultana | 2021-11-15 00:00:00

The development work of Chattogram-Cox's Bazar road corridor is likely to be delayed as the authorities concerned have changed their minds to develop the existing two-lane road into a four-lane one first.The existing road is needed to be upgraded within...

Gangs of question leak and corruption

Neil ray | 2021-11-15 00:00:00

The arrest of 10 persons, of whom four are senior officers of two state-owned commercial banks (SOCBs), in connection with leak of question papers for recruitment tests of five such banks once again highlights the deep-seated corruption in financial and...

Annoyance and usual nonchalance

Shamsul Huq Zahid | 2021-11-15 00:00:00

'Slow progress in project execution irks ADB', screamed the headline of a front-page story of last Saturday's issue of The Financial Express (FE). The Manila-based multilateral lender has reasons to be irked, for more than 40 projects out of 52...

BD needs good grounds for access

DOULOT AKTER MALA | 2021-11-14 00:00:00

Bangladesh should put forward a set of strong grounds urgently to retain its duty-free benefit for apparel exports under new GSP+ rules of the European Union (EU), suggests a study.The time for making comment on the safeguard provisions of the...

Walton Hi-Tech net profit soars 126pc

MOHAMMAD MUFAZZAL | 2021-11-14 00:00:00

Walton Hi-Tech Industries, a leading local brand in electronics and electrical sector, saw a steep growth in its turnover for the fiscal year (FY) 2020-21 which aided a significant growth in its net profit.Riding on increased turnover, the company's net...

Illusion of per capita income rise

Asjadul Kibria | 2021-11-14 00:00:00

Every year, per capita income has been increasing in Bangladesh thanks to the robust growth in the gross domestic product (GDP). Even during the pandemic, GDP registered modest growth which is also accompanied by the rise in per capita income....

Destiny tries for a comeback

REZAUL KARIM | 2021-11-13 00:00:00

Scam-tainted multi-level marketing (MLM) company Destiny 2000 Ltd has sought approval to operate its business again, aiming to protect the interests of 4.5 million families.Chief Executive Officer (CEO) of the company Dr Mohammad Shamsul Haque Bhuiyan has recently requested the...

Saudi co seeks to invest in Patenga terminal

SYFUL ISLAM | 2021-11-13 00:00:00

Saudi Arabian port developer Red Sea Gateway Terminal (RSGT) has intensified efforts to mark its footprint in Bangladesh's port sector by investing in under-construction Patenga Container Terminal (PCT) in Chattogram.A delegation, led by RSGT global investment director Gagan Seksaria, sat...

DSEX breaks 4-week losing streak as investors snap up battered stocks

BABUL BARMAN | 2021-11-13 00:00:00

Stocks bounced back in the outgoing week, snapping a four-week losing streak, as buoyant investors put fresh bets on lucrative shares amid positive expectations.Of the five trading days during the week, the first two sessions ended lower but the next...

The legend of Chinese literature

ABUL QUASEM HAIDER | 2021-11-13 00:00:00

There are myriad discussions about Chinese economy worldwide, on the other hand, scarcely we know or we are almost in the dark about Chinese literary culture. Technology has made China's progress, industry and trade an inevitable partner in the world...

Looking for a dream home in Dhaka

Nilratan Halder | 2021-11-13 00:00:00

Emon ami ghar bendhechhi ahare jar thikana nai/ swapaner siri die jekhane paunchhe ami jai (a home have I built which unfortunately has no address/ there do I reach on the staircase of my dreams). This is the beginning of...

Another weapon against pandemic

Syed Fattahul Alim | 2021-11-13 00:00:00

Bangladesh's drug control authority, the Directorate General of Drug Administration, (DGDA), has given permission to four local drug companies, the Beximco Pharmaceuticals and the Eskayef Pharmaceuticals, to manufacture and market the world's first-ever oral anti-Covid-19 drug, molnupiravir. Developed by the...

Healthcare financing in Bangladesh

Shamima Akhter, Md. Nurul Amin, Syed Abdul Hamid, Afroja Yesmin, Md Tarek Hossain, Mursaleena Islam and Nasrin Sultana | 2021-11-13 00:00:00

As the Covid-19 pandemic enters its second year, rising cases and the spread of the more infectious Delta variant have significantly worsened the situation in Bangladesh. The adverse impacts of the pandemic are felt not only through the increased pressure...

Policy for ICDs at seaports drafted

DOULOT AKTER MALA | 2021-11-12 00:00:00

Establishing off-docks would now require following a slew of guidelines under a new policy made to discipline trade cargo handling at Bangladesh seaports by private container-depot operators. Officials say under a strict guideline set forth in the policy no inland...