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TCB bid to break refiners' reign falters

SYFUL ISLAM | 2021-10-30 00:00:00

A trader who broke long dominance of an apparent oligopoly of refiners in supplying commodities to the Trading Corporation of Bangladesh (TCB) by beating them in bids is finally failing to deliver the goods despite repeated time extension.The company, after...

Ring Road to ease port city traffic snarls

Nazimuddin Shyamol | 2021-10-30 00:00:00

CHATTOGRAM, Oct 29: After completion of the construction work of the much-awaited Coastal Road, popularly known as Ring Road, traffic congestion will ease remarkably in the port city as the communication system here will be updated for the infrastructure, experts...

Stocks extend losses as sell-offs weigh on mkt

BABUL BARMAN | 2021-10-30 00:00:00

Stocks extended losses for the third consecutive week, as investors went on a selling spree heavily, particularly in the first two days of this week.Although the market ended higher in the last three trading days, it failed to offset the...

Keeping tab on new pandemic strains

Syed Fattahul Alim | 2021-10-30 00:00:00

During the last one month, the Covid situation has shown marked improvement with infection rate falling by 72 per cent and death by 70 per cent. The infection rate with attendant deaths were the highest in July and it has...

Agricultural robots may herald a new era to the vision of Digital Bangladesh

A. K. M. Abdullah Al-Amin and James Lowenberg-DeBoer | 2021-10-30 00:00:00

In the last five decades, the thriving economy of Bangladesh from "Basket Case" to "Rising Economic Star" is a role model throughout the world. Bangladesh is the 41st largest and fastest growing economy having great booming potentiality. The long-run visionary...

Questionable Facebook contents under scrutiny

Nilratan Halder | 2021-10-29 12:00:00

Imagine a world without Facebook. The idea looks outlandish, but what if it really happens. A 17 years old company worth $1.0 trillion with 2.8 billion users comprising 60 per cent of the world's internet-connected people suddenly ceases to exist!...

Dhaka awaits major facelift to mass transport

MUNIMA SULTANA | 2021-10-29 00:00:00

Dhaka's maiden metro-rail service, which is expected to roll late next year or a little later, would bring about a massive change in the city's age-old mass- transportation systems.Those wishing to take a train travel on the Mass Rapid Transit...

Private oil importers struggle to unload oil at Ctg jetties

NAZIMUDDIN SHYAMOL | 2021-10-29 00:00:00

CHATTOGRAM, Oct 28: Private importers of edible oil are struggling to unload their imported oil at the dolphin jetties of Chittagong port these days. Following an accident on September 30 that left the Dolphin Jetty-5 inoperative, the private importers are...

Jan-Sept EPS of banks up

BABUL BARMAN | 2021-10-29 00:00:00

Most of the listed banks posted higher earnings year-on-year in nine months for January-September 2021 due to suspension of loan classification and bullish capital market.Of the 32 banks listed on the Dhaka Stock Exchange (DSE), 23 have disclosed their un-audited...

What is the safe limit for investment?

Shamsul Huq Zahid | 2021-10-29 00:00:00

Finance Minister AFM Mustafa Kamal on Wednesday last reminded people investing in the stock market of a normal factor---risk. The finance minister was responding when newsmen asked a question about the continuous erosion in stock prices for the past few...

Are we losing expertise of experienced senior people?

Md Shamsul Arefin | 2021-10-29 00:00:00

Senior citizens are becoming an ever-greater proportion of the total population everywhere in the world including Bangladesh because average life expectancy has been increasing over the time which has now become 73 years in Bangladesh. At the same time, those...

A global approach to data in the digital age

Vikram Haksar, Yan Carrière-Swallow, Kathleen Kao, and Gabriel Quirós-Romero | 2021-10-29 00:00:00

Companies around the world are engaged in a digital data gold rush, panning the digital economy for our personal data, sifting flecks of it in online pools and streams of our preferences, choices, and locations. Data is the ultimate portable...

New income tax law in the offing

DOULOT AKTER MALA | 2021-10-28 00:00:00

The National Board of Revenue (NBR) on Wednesday unveiled a draft of new income tax law - 2022 with updated provisions for global business practices.The draft has proposed a changed structure of the existing Income Tax Ordinance -1984 to make...

BD won't directly co-sponsor India’s WTO proposal

SYFUL ISLAM | 2021-10-27 00:00:00

Bangladesh won't directly co-sponsor an Indian proposal at the World Trade Organisation (WTO) for subsidy cut in production of agricultural items in the developed world, officials said, as it involves twin bets on export and import.The stand is taken as...

BTRC proposes rules for network-locked handsets

ISMAIL HOSSAIN | 2021-10-27 00:00:00

The telecoms regulator made a move regarding the sale of mobile network operators' (MNOs) network-locked handsets to increase 4G penetration in the industry, according to insiders.In its 255th commission meeting, the BTRC set some conditions for marketing carrier- or network-locked...

People's names -- confusion that needs to be shed

Mohammad Towhidul Islam | 2021-10-27 00:00:00

Venue 1: John F. Kennedy International Airport, New York, USAAn immigration officer, while checking the passport of a passenger saw that his name began with 'MD'. He asked the passenger if he was a medical doctor; the passenger replied in...

Economy has started a turnaround

A H M Mustafa Kamal | 2021-10-27 00:00:00

After achieving above 7.0 per cent growth since FY 2015-16 to three consecutive years, Gross Domestic Product (GDP) growth in Bangladesh has reached 8.15 per cent in FY 2018-19. This feat of achieving continued growth in Bangladesh's GDP has been...

New private ICD gets NBR approval

DOULOT AKTER MALA | 2021-10-26 00:00:00

The National Board of Revenue (NBR) approved a new private inland container depot (ICD) in a bid to enhance container-handling capacity in the Chattogram Port.The ICD would be set up at an estimated cost of Tk 3.0 billion. It is...

A simple way to protect consumers

Arpita Sarkar, Helen Luskin Gradstein, Imtiaz Ul Haqe and Doardo Totolo | 2021-10-26 00:00:00

Lack of trust in financial institutions is a key barrier to financial inclusion in many sectors. Disclosure and transparency are keys to building trust in the financial system. Misleading advertising and sales practices, along with low levels of financial literacy,...

Dealing with soaring prices of essentials

Shamsul Huq Zahid | 2021-10-25 12:00:00

Is there none to listen to the consumers' voice? One of the country's leading Bengali dailies wrote in its editorial on Friday last while commenting on the latest hike in edible oil prices. Going by the developments in the kitchen...

Dhaka’s no to further cut in customs charges

SYFUL ISLAM | 2021-10-25 00:00:00

Bangladesh held back from agreeing to cut customs charges further for India's use of Chittagong and Mongla seaports as transhipment routes for transporting cargoes to its landlocked northeastern states, officials said.At the same time, no decision is taken regarding amendment...

MRT extension work may be awarded sans bidding

MUNIMA SULTANA | 2021-10-25 00:00:00

Dhaka metro-rail company is likely to award the construction works on an extended part of the Mass Rapid Transit line 6 (MRT 6) to any of the already-hired contractors to save the time of tendering process.Official sources say as the...

Karnaphuli capital dredging to end by next July

NAZIMUDDIN SHYAMOL | 2021-10-25 00:00:00

CHATTOGRAM, Oct 24: More than 60 per cent of works of capital dredging of Karnaphuli River have been completed after the project was started afresh by Bangladesh Navy in April this year, sources said.Stopped multiple times in the last three...

Govt moves to build central rawhide storage in Savar

REZAUL KARIM | 2021-10-25 00:00:00

A move is underway to establish a central storage facility in Savar industrial hub to help ensure fair prices and quality of rawhides and skins as well as for proper management of the items, officials said.The Bangladesh Small and Cottage...

FSIBL sets lofty goals banking on digital tech

ISMAIL HOSSAIN | 2021-10-25 00:00:00

First Security Islami Bank Limited (FSIBL) is shifting its focus to small businesses and small deposits through introducing new and innovative products and services using digital technologies, the bank's top executive said.The Shariah-based Islamic bank has also put emphasis on...

How to fight COVID vaccine misinformation?

Stephan Lewandowsky and Philipp Schmid | 2021-10-25 00:00:00

Opposition to vaccination is as old as vaccination itself. Although vaccines save five lives every minute, and even though 85 percent of children worldwide are vaccinated against diphtheria, tetanus, and whooping cough, some people are resisting the life-saving shots. A...

Nurturing a cricketing prodigy

Neil Ray | 2021-10-25 00:00:00

Not many so young catch the attention of the best in the business. When games and sports are concerned, the maxim, 'catch them young' is prized at its highest. Now, a boy from Barishal still in class-I in one of...

Powell, Rumsfeld, McNamara . . . and their legacy

Syed Badrul Ahsan | 2021-10-25 00:00:00

General Colin Powell's death from Covid-related complications at the age of eighty-four is reason once again for one to go back to recent history. There is little question that Powell was an important establishment figure in the United States, having...

Govt moves to devise strategy for RMG

REZAUL KARIM | 2021-10-24 00:00:00

The government has taken an initiative to devise strategies for the country's apparel sector so that it could face competition and expand its market in the post-LDC graduation era, officials said.They said the Export Promotion Bureau (EPB) of Bangladesh would...

NBR sees 16.72pc growth in Q1 '22

DOULOT AKTER MALA | 2021-10-24 00:00:00

The collection of tax revenue registered a 16.72 per cent growth in the first quarter (Q1) of the current fiscal year (FY) as compared to the same period last FY, thanks to economic reopening after the Covid-induced lockdown.Increased prices of...