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A market devoid of instinct

Shamsul Huq Zahid | 2021-11-12 00:00:00

The capital market is viewed as an integral part of any economy. Any major/significant development taking place in any other segment of the economy leaves an impact on the capital market and it is reflected in stock prices. In the...

Oral pill must not shift focus from vaccination

Nilratan Halder | 2021-11-12 00:00:00

Pharmaceutical companies in the country have demonstrated their amazing ability to manufacture and market the first ever Covid-19 oral pill, molnupiravir's generic version. Developed by the UK's Merck & Co Inc and Ridgeback Biotherapeutics LP, the oral pill received approval...

BDT slides amid high demand for USD

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

Bangladesh Taka (BDT) has depreciated by Tk 1.0 against the US dollar (USD) in nearly three months despite selling of the greenback by the central bank to the banks for keeping the market stable.The US dollar was quoted at Tk...

WTO ministerial to plan pandemic remedies

SYFUL ISLAM | 2021-11-10 00:00:00

Trade ministers in Geneva later this month will prepare a work plan on pandemic remedies like enhanced preparedness, response, and resilience to help members of the World Trade Organisations (WTO) out of the crisis by making necessary supplies available.Trade ministers...

ICDs increase container handling charges 23pc

DOULOT AKTER MALA | 2021-11-10 00:00:00

Owners of private inland container depots have raised the container-handling charges by 23 per cent following the hike in diesel price and other costs associated with managing the export-import cargoes.The owners of the 18 off-docks in Bangladesh in a meeting...

Changing rural credit market scenario in Bangladesh: Moneylenders lurking yet

Abdul Bayes | 2021-11-10 00:00:00

'When you have got a little,it is often easy to get more.The great difficulty is to get that little': Adam Smith (The Wealth of Nations) Over the last fifty years or so since Bangladesh's independence, the overall rural scenarios in...

Covid and after

Hasnat Abdul Hye | 2021-11-10 00:00:00

In the process of winding down after almost two years' of wreaking havoc all over the world, Covid-19 has been a water-shed event the like of which has been witnessed only a few times in the past like the two...

Solar panels for boosting agricultural output

Helal Uddin Ahmed | 2021-11-10 00:00:00

Bangladesh is one of the most densely populated countries in the world, as a result of which land is in short supply here for purposes other than agriculture and housing. This may have been one of the reasons why the...

How to heal Achilles' heel

Salehuddin Ahmed | 2021-11-10 00:00:00

The focus of this writeup is banks, which historically have contributed positively to our development. In recent times, several problems and challenges have appeared in the banking domain, which include, among other things, mismanagement, corruption, lack of transparency and accountability...

Tax receipts from DSE down 22pc in October

BABUL BARMAN | 2021-11-09 00:00:00

The government's revenue collection from Dhaka Stock Exchange (DSE) plunged by 22 per cent or Tk 113 million in October compared to a month earlier due to a decline in turnover on the prime bourse.The government bagged revenue worth Tk...

Trade deficit widens over threefold

SIDDIQUE ISLAM | 2021-11-09 00:00:00

Bangladesh's trade deficit widened over threefold in the first quarter (Q1) of the current fiscal year for higher import-payment pressure, officials said, casting its cascading impacts on the economy.The country's trade imbalance with the rest of the world increased by...

Chaos in Ctg over bus-fare hike

NAZIMUDDIN SHYAMOL | 2021-11-09 00:00:00

CHATTOGRAM, Nov 08: Chaos descended on public-transport sector in the port city over a hike in fares of buses and other modes of oil-run transports as the government-set new fares came into force on Monday.Hot exchanges and clashes between bus...

Older generation in the dock

Syed Fattahul Alim | 2021-11-09 00:00:00

Thousands of young climate activists from across the world gathered in Glasgow where the COP26, climate summit, is being held. Even children joined the protest marches skipping their classes. They have expressed concern over their governments' inaction in the face...

Apparel co vanishes with Tk 7.0b unpaid tax

DOULOT AKTER MALA | 2021-11-08 00:00:00

An export-oriented apparel company winds up operations from Bangladesh allegedly availing duty-free facility and evading around Tk 7.0 billion in duty-taxes.Officials said World Ye Dress Pants Ltd, which started off as a joint-venture company and later became independent through acquisitions,...

Most listed private power cos see profit growth in FY21

BABUL BARMAN | 2021-11-08 00:00:00

Most listed power generation companies in the private sector logged higher profit year-on-year in the fiscal year (FY) 2020-21, thanks to higher income from subsidiaries, reduced corporate tax and lower interest rate.Out of the 23 companies listed in the 'fuel...

An injudicious decision and its fallouts

Nilratan Halder | 2021-11-08 00:00:00

When price of soybean oil was raised by Tk 4.0 a litre in the first week of September and then by Tk 7.0 in the third week of October last, there was no protest despite seething resentment among the public....

Time to demonstrate sincere intent

Shamsul Huq Zahid | 2021-11-08 00:00:00

Neighbouring India is set to exceed its fiscal year (FY) 2020-21 revenue collection target of $207.77 billion, reported international news agency Reuters, quoting two unnamed government sources. But, instead of cutting its fiscal deficit or bank borrowing, the Indian government...

BD, India and Nepal to resume talks in Delhi on Nov 12

MUNIMA SULTANA | 2021-11-07 00:00:00

Bangladesh, India and Nepal among BBIN member countries are set to resume the talks on Motor Vehicle Agreement (MVA) in New Delhi on November 12 -- almost two years after the last meeting was held.As Bhutan is yet to ratify...

BD sees rise in fish production in a decade

TALHA BIN HABIB | 2021-11-07 00:00:00

Production of different varieties of fish has increased in the country over the last one decade, thanks to the government's prudent and effective policy. The country produced over 4.503 million (45.03 lakh) tonnes of fish during the fiscal year (FY)...

Oil shock to fuel inflation further

Asjadul Kibria | 2021-11-07 00:00:00

This is an oil shock. The government has raised the prices of diesel and kerosene at the retail level by 23 per cent or Tk15 per litre 'to keep them in line with the global market.' The new price of...

BD to back all health-related submissions for WTO seal

SYFUL ISLAM | 2021-11-06 00:00:00

Bangladesh has decided to support all health-related submissions at the World Trade Organisation (WTO) provided technology transfer to least-developed countries (LDCs) is incorporated.Following the coronavirus outbreak globally in early 2020, four proposals were submitted to the WTO general council relating...

100 trees felled on Ctg roads to build structures

NAZIMUDDIN SHYAMOL | 2021-11-06 00:00:00

CHATTOGRAM, Nov 03: A section of traders are felling trees indiscriminately in the port city to construct shops beside roads, on footpaths and in open spaces of Chattogram City Corporation violating rules.Sources said some local influential people, including ruling-party leaders...

Stocks tumble as investors sit on the sidelines

BABUL BARMAN | 2021-11-06 00:00:00

Stocks plummeted for the fourth straight week that ended on Thursday as cautious investors continued to sell off shares in major sectors in the absence of market triggers.Of the five trading days during the week, the first four sessions saw...

Jute ministry rejects proposal on export project plan

REZAUL KARIM | 2021-11-06 00:00:00

Textiles and jute ministry has turned down a commerce ministry proposal for a project plan to expand the export of jute and jute goods, officials said."Any scope to take a project for enhancing the export of jute and jute goods...

Recognising the value of space

Nilratan Halder | 2021-11-06 00:00:00

Bhanu Bandapadhya, known for his extraordinary wit and humour, used to cut jokes out of the ordinary. One of his celebrated joke concerns football as he poses the question, why so many boys are running after one ball when they...

Why ocean conservation matters

Asaduzzaman Rassel | 2021-11-06 00:00:00

The 2021 United Nations Climate Change Conference, also called COP26, began at the Scottish Event Campus in Glasgow on October 31. The event brought global leaders together to speed up action towards the goals of the Paris Agreement and the...

Rehabilitating Sundarbans pirates

Syed Fattahul Alim | 2021-11-06 00:00:00

Between 2016 and 2018, 326 robbers, or what they say, pirates, operating in the Sundarbans, surrendered to the Rapid Action Battalion (RAB), informed the elite anti-crime and anti-terror police of Bangladesh. The pirates quit their criminal activities of holding people...

Forex reserves strained

SIDDIQUE ISLAM | 2021-11-05 00:00:00

Bangladesh's foreign-exchange reserves are under pressure from different dimensions, principally for unabated dollar-price appreciation and costlier imports, sources say. Officials attribute the imbalances mainly to higher import-payment obligations particularly on account of fuel oil, fertilizer and capital machinery, as reports...

Yet another surprise for consumers

Shamsul Huq Zahid | 2021-11-05 00:00:00

The news that the fuel oil prices might go up soon was in the air for the past few weeks. It happened Wednesday night when the government hiked the prices of diesel and kerosene by Tk 15 a litre. The...

Glasgow Climate Change Conference

Nilratan Halder | 2021-11-05 00:00:00

The Glasgow Climate Change Conference now being held as part of a yearly meeting under the United Nations Framework Convention on Climate Change has delivered its first positive outcome. By agreeing to 'working collectively to halt and reverse forest loss...