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Vaccine to remain beyond reach of local pharma cos

Doulot AKter Mala | 2020-06-01 00:00:00

Bangladesh will not be able to produce COVID-19 vaccine, when it is developed.The country is yet to achieve the World Health Organisation's (WHO) global benchmarking criteria essential to apply for pre-qualification (PQ) status. The PQ status is a mandatory requirement...

Rural water safety and community participation to fight Covid-19

Nepal C. Dey | 2020-06-01 00:00:00

The outbreak of the coronavirus disease (Covid-19) puts mounting pressure on the global community to improve understanding of the underlying factors responsible for the spread of the disease from country to country. It is worrying that over 20.0 per cent...

Textile and RMG supply chains during pandemic

Antonella Teodoro and Luisa Rodriguez | 2020-06-01 00:00:00

In the first quarter of 2020, the coronavirus pandemic led to a 3.0 per cent drop in global trade values. Covid-19 could trigger the biggest economic contraction since World War II, affecting all industries from finance to hospitality.As there is...

No hope of a new world order!

Neil Ray | 2020-06-01 00:00:00

The first half of Jaishtha on the Bangla calendar is already over. It means high summer in this part of the world also ends within a fortnight. But it is clear that this has been a summer with an agreeable...

Next budget should stress social safety, health

Fahmida Khatun, Mustafizur Rahman, Khondaker Golam Moazzem and Towfiqul Islam Khan | 2020-06-01 00:00:00

The national budget for the fiscal year 2020-21 (FY21) should give special focus on social safety net programmes (SSNPs) and related activities in view of Covid-19. It is true that budgetary allocations for SSNPs have grown in absolute terms as...

Restaritng the stock market with improved confidence

M Nurul Alam | 2020-05-31 12:00:00

Bangladesh capital market needs a re-start to get its normal behaviour. In fact, tradings on both the stock exchanges are set to resume from today (May 31, 2020) after a 66-day break, due to Covid-19 pandemic.Despite our overall economy has...

BSEC meets BB tomorrow

Mohammad Mufazzal | 2020-05-31 00:00:00

The securities regulator will sit with the Bangladesh Bank (BB) tomorrow (Monday) to strengthen coordination between the two regulators for further development of capital market and money market. "Both the regulators will sit together to discuss as to how more...

FDI in the time of pandemic

Asjadul Kibria | 2020-05-31 00:00:00

The ambitious target set in the country's medium-term development programme to attract a big volume of foreign direct investment (FDI) in five years (2015-2020) has been shattered. The Seventh Five-Year Plan (7FYP) projected to attract FDI worth $30.20 billion in...

Tk 18b cut from three projects

MUNIMA SULTANA | 2020-05-30 00:00:00

The government has cut the demand for more than Tk 18 billion from three major projects, including the Padma Bridge scheme, to tackle the coronavirus pandemic in Bangladesh.According to officials, the Bangladesh Bridges Authority (BBA) made a demand for Tk...

NBR misses revenue target until April

DOULOT AKTER MALA | 2020-05-30 00:00:00

The National Board of Revenue (NBR) lagged behind its revised target by 26.29 per cent until April due to an economic slowdown caused by the COVID-19 pandemic.The tax-collecting authorities have faced a shortfall of Tk 619.99 billion in the first...

DSE market cap-GDP ratio remains low in the region

Babul Barman | 2020-05-30 00:00:00

The ratio of the Dhaka Stock Exchange's market-cap to the gross domestic product (GDP) remained low in the region amid lack of depth, price erosion of large-cap companies and also absence of good governance among the stakeholders.The present market capitalisation...

Merger or amalgamation to avoid liquidation of ailing NBFIs

Md. Asiful Huq | 2020-05-30 00:00:00

Major non-bank financial institutions (NBFIs) in the country are operating with vulnerable financial health for long putting the sector to serious threats. Operational loss, poor credit quality, very low recovery, continuous stressed liquidity, significant capital shortfall -- all these are...

The fair value of the taka

Syed Basher and Md. Atikul Islam Sadi | 2020-05-29 12:00:00

What is the importance of exchange rate policy in an economy? Let us look at the oil market. Amid the rage of the coronavirus pandemic, we have also witnessed a price war between Russia and Saudi Arabia, the two top...

Experts fear rise in Covid-19 infection

Munima Sultana | 2020-05-29 00:00:00

The government's decision to allow the movement of public transport including bus and train on a limited scale has caused concern among transport experts and users over further spread of Covid-19.They said the decision to allow the movement of public...

NBR on the hunt as tax shortfall looms

Doulot Akter Mala | 2020-05-29 00:00:00

The National Board of Revenue, or NBR, has stepped in to bring the tax defaulters, who owe over Tk 0.5 million to the government, under its scanner.The income tax department of the board has instructed all tax commissioners across the...

Govt cuts ceiling by two-thirds

SYFUL ISLAM | 2020-05-29 00:00:00

The government has cut the investment ceiling in postal savings instruments by two thirds taking into consideration their high interest rate, officials have said.From now on, for both term and ordinary deposits, one will be allowed to invest up to...

More than a principal

Umama Zillur | 2020-05-29 00:00:00

Dear Mrs. Manzur,There's something really special about the community that you built and the type of leader you were, when generations of students have been pouring their hearts out, each story talking about special personal interactions with you. Thank you...

OPINION: Desperate times, desperate measures

Shamsul Huq Zahid | 2020-05-29 00:00:00

The government has, reportedly, revised its bank and non-banking borrowing targets to meet the budget deficit for the current financial year (FY). The revision of targets, in fact, became inevitable for a number of reasons, including the outbreak of COVID-19.The...

Challenges before Bangladeshi millennials

Nilratan Halder | 2020-05-29 00:00:00

The unfurling economic downturn caused by prolonged shutdowns on account of the coronavirus pandemic has hit lives and livelihoods hard all across the world. In America, the richest country on the planet but to have suffered nearly one-third of global...

Govt urges interest grs to join as EU conducts online survey

JASIM UDDIN HAROON and REZAUL KARIM | 2020-05-23 00:00:00

The European Union is conducting an online survey to prepare a new trade benefit scheme for the poorer nations, including Bangladesh.The objective of the survey is to assess whether countries like Bangladesh will continue to get the regional bloc's generalised...

Brood fishes release eggs in Halda

NAZIMUDDIN SHYAMOL | 2020-05-23 00:00:00

CHATTOGRAM, May 22: The brood fishes started releasing eggs in the Halda river, the only natural fish spawning ground in the country, in the early hours of Friday. Earlier, the fishes released sample eggs after the rainfall on Thursday evening....

Pandemic to rob Eid's festivity

Ismail Hossain | 2020-05-23 00:00:00

Bangladeshis like Muslims around the world are going to celebrate the largest Eid festival in an unprecedented lockdown aimed to thwart the spread of coronavirus pandemic.Depending on the sighting of the Moon, the Eid-ul-fitr is going to be celebrated in...

Non-bank debts halve on NSC sales slump

Siddique Islam | 2020-05-23 00:00:00

The government has slashed its non-bank borrowing target by half to Tk 150 billion to finance the budget deficit of the current fiscal year ending on June 30, officials said.The government's net non-bank borrowing target has been revised at Tk...

Impact on the banking sector

Dr. Melita Mehjabeen | 2020-05-23 00:00:00

Amidst this coronavirus outbreak, the Government of Bangladesh has announced a number of stimulus packages for different sectors and beneficiaries. There are so far at least seven major stimulus packages declared by the Government and are to be distributed by...

Expanding debt relief for developing countries

Josh Lipsky and Jeremy Mark | 2020-05-23 00:00:00

Even before COVID-19 began its deadly spread across their borders, developing countries were absorbing severe economic shockwaves emanating from China and advanced economies. And now, in addition to tumbling commodity prices and plummeting export demand, they face a sharp drop...

Strengthening budgetary support for women entrepreneurs

Dalia Rahman | 2020-05-23 00:00:00

Women Entrepreneurs have been playing a significant role in accelerating economic growth in Bangladesh by creating employment opportunities, reducing poverty, generating economic activities in scores of areas. Though women participation in labour force is only 33 per cent as against...

Looking for innovative economic recipes

Nilratan Halder | 2020-05-22 12:00:00

An online marketplace called Anando-mela for SME (small and medium enterprise) products has come into being thanks to the United nations Development Programme (UNDP). The UN body with assistance from Ekshop of a2i launched this virtual market through a video...

Metro-rail work hits snag due to lack of workers

Munima Sultana | 2020-05-22 00:00:00

Despite the government's directive to carry on work of mega projects amid the ongoing lockdown, the Dhaka Mass Transit Company Limited (DMTCL) is yet to start metro-rail work, as it is unable to mobilise labourers.Sources said the company has instructed...

Long-term financing should be ensured through capital mkt

Mohammad Mufazzal | 2020-05-22 00:00:00

The country's capital market has considerable opportunities to overcome the impacts of the Covid-19.In that case, potential policy measures will have to be adopted to increase investors' participations in the country's capital market.The newly-appointed commissioner of the Bangladesh Securities and...

COVID-19 and quackery

Shamsul Huq Zahid | 2020-05-22 00:00:00

"For extreme diseases, extreme methods of cure, as to restriction, are most suitable" is a saying that is attributed to Greek Physician Hippocrates, who is regarded as the father of medicine.Some people, apparently, encouraged by the saying are found advising...