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Biden was right in Afghanistan

Daniel Silverberg | 2021-08-19 00:00:00

In 2017, I arrived at Kabul's Hamid Karzai Airport as part of a congressional staff delegation. Even though the United States (US) embassy stood a mere four miles away, safety concerns necessitated our helicoptering from a recently constructed multimillion-dollar transit...

Superannuation fund-- a smart plan for private employees

Md Shamsul Arefin | 2021-08-19 00:00:00

The Sustainable Development Goal 8 is committed to "decent work and economic growth", meant to ensure fair wages and social protections for the working-class people by 2030. The Eighth Five-Year Plan (July 2020-June 2025) of Bangladesh provides for the extension...

Metro-rail viaduct test run likely from Aug 27

Munima Sultana | 2021-08-18 00:00:00

Test run of the country's first metro-rail on viaduct is expected to start on August 27, as five stations of the mass rapid transit (MRT) line-6 will be ready for it by then.Sources said electrical works of Uttara north, centre...

BB tells NBFIs to lend rightly

SIDDIQUE ISLAM | 2021-08-18 00:00:00

The central bank has instructed non-banking financial institutions (NBFIs) to ensure loan or lease financing appropriately for improving corporate governance in the financial sector, as some aberrations occurred.Under new provisions dictated by the Bangladesh Bank (BB), the NBFIs will have...

Move on to ease foreign workers’ salary transfer

DOULOT AKTER MALA | 2021-08-18 00:00:00

An official move gets underway to facilitate foreign nationals in Bangladesh to send home 75 per cent of their pay and perks by bending legal limitations, sources said.The initiative comes from Bangladesh Investment Development Authority (BIDA) as it feels the...

No bid on BB bills accepted

SIDDIQUE ISLAM | 2021-08-17 00:00:00

The central bank did not accept any bid from the auction of its two-type Bangladesh Bank (BB) bills on Monday as bidders quoted higher yields on the instruments, officials said."No bid was accepted from Monday's auction," a top central banker...

Overmanned FBCCI seeks to slash number of directors

SYFUL ISLAM | 2021-08-17 00:00:00

The country's apex trade body, FBCCI, is heavily burdened with its large-sized leadership and the present board finds it a 'problem' while making coordination and taking decisions.The present board of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI)...

Alert on Iran trade loans for Bangladesh

REZAUL KARIM | 2021-08-17 00:00:00

Bangladesh's central bank has stressed exercising caution about receiving loan from Iranian companies to avert possible external restrictions, especially US sanctions or fines stemming from their bilateral diplomatic spats. Official sources say Bangladesh Bank thinks that such fines and sanctions...

Govt traces less than half of rawhides

ISMAIL HOSSAIN | 2021-08-17 00:00:00

A government agency so far has been able to trace less than half of the total rawhides of animals of sacrificed during the Eid-ul-Azha this year.Assigned by the Ministry of Industries (MoI), the Bangladesh Small and Cottage Industries Corporation (BSCIC)...

Moment of truth arrives for Afghans

Syed Fattahul Alim | 2021-08-17 00:00:00

The Taliban forces have entered Afghanistan's capital, Kabul. So, it is a matter of time how and when the Taliban is going to take charge of the country. And with this latest development, the Kabul-ward flow of people fleeing the...

The return of the Taliban in Afghanistan

Syed Badrul Ahsan | 2021-08-17 00:00:00

By any stretch of the imagination, it is an intriguing set of conditions that have cropped up in Afghanistan. The Taliban are back, the development a rare instance in modern history when a group or force ejected lock, stock and...

MFIs falling into NPL trap

Siddique Islam | 2021-08-16 00:00:00

The amount of classified loans in the micro-finance institutions (MFIs) jumped by 25 per cent in fiscal year (FY) 2019-20 mainly due to the Covid-19 pandemic, officials said.The non-performing loans (NPLs) grew by Tk 5.9 billion to Tk 29.5 billion...

Customs bonded area emerging on bay

DOULOT AKTER MALA | 2021-08-16 00:00:00

A customs bonded area is emerging close by Bangladesh's prime port that is designed to augment container-and cargo- storage capacity and boost the country's international trade. As planned, the backyard of the under-construction Patenga Container Terminal (PTC) and its adjacent...

Tax receipts from DSE jump 54pc in July

BABUL BARMAN | 2021-08-16 00:00:00

The government's revenue earnings from the Dhaka Stock Exchange (DSE) rose 54 per cent year-on-year in the first month of the current fiscal year as trading volume was on the rise.Market analysts said on the back of rising trading volume,...

Can solar energy be generated in old gas power plants?

Sohail Hasnie and Xavier Lara | 2021-08-16 00:00:00

As signatories to the Paris Agreement, Central Asia's fossil fuel rich countries have all committed to reduce emissions. Solar power is a natural alternative but the challenges are numerous. Solar power's first criticism as being expensive is no longer there....

Herd immunity is likely to prove illusive

Neil Ray | 2021-08-16 00:00:00

In a surprise move the government has eased the lockdown, allowing near normal life to go on from August 11. Offices --- both government and private---, financial institutes, shops, malls and markets, food outlets, hotels and restaurants have been allowed...

Suspending IP rights on vaccine production

Shamsul Huq Zahid | 2021-08-16 00:00:00

Last week, people in their thousands queued up at various makeshift mass-vaccination centres in Dhaka and elsewhere in the country to get jabs against deadly SARS- CoV-2. But many of them returned home frustrated as the supply of vaccines was...

Jobs and skills for people with disability in Bangladesh

Kazi Farzana Sharmin and Hasnat M Alamgir | 2021-08-16 00:00:00

Living life with a disability is more than difficult in Bangladesh and many other Low and Middle-Income Countries (LMIC) compared to the relatively affluent countries where social safety net and economic support system may somewhat lessen the disability-associated burden. The...

Economic shocks faced by Bangabandhu's regime

Asjadul Kibria | 2021-08-15 12:00:00

The period was turbulent. Newly independent Bangladesh started its journey with a poor agricultural economy where much of the small physical infrastructures was destroyed in the nine months of the war in 1971. Father of the Nation Bangabandhu Sheikh Mujibur...

Project office advices not heeded by BIWTA

MUNIMA SULTANA | 2021-08-15 00:00:00

Repeated incidents of hitting the piers of Padma Bridge by ferries have been reported due to negligence of directions given by the bridge project office.In the very beginning, sources said, the Padma Multipurpose Bridge (PMB) Project office opposed setting up...

Revenue receipts up 21pc

DOULOT AKTER MALA | 2021-08-15 00:00:00

The tax revenue collection recorded an impressive 21 per cent growth in the fiscal year (FY) 2020-21 over that of the previous FY. Greater mobilisation of corporate and withholding tax made the feat possible on the part of the National...

Construction work in full swing as lockdown eased

NAZIMUDDIN SHYAMOL | 2021-08-14 12:00:00

CHATTOGRAM, Aug 13: The construction work of the second tube of the Bangabandhu Tunnel under the Karnaphuli River is going on in full swing in the post-lockdown period. Once established, the dream project will connect the south and north portions...

Traders seek permission to export hilsa to India

REZAUL KARIM | 2021-08-14 00:00:00

A good number of traders have sought permission to export hilsa fish to neighbouring India ahead of Durga Puja, the biggest religious festival of the Hindu community.Usually, there remains a higher demand for delicious hilsa fish in India especially in...

Bangladesh weighs export and security implications

SYFUL ISLAM | 2021-08-14 00:00:00

Dhaka will weigh through a feasibility study possible impacts on Bangladesh's export to the neighbour before moving forward on New Delhi's proposal to construct a bridge over Thega River mainly for transhipment to their landlocked state of Mizoram.Besides, officials said,...

Dhaka stocks stay afloat to hit record highs

BABUL BARMAN | 2021-08-14 00:00:00

Dhaka stocks continued to break their previous records with all three indices and market-cap surged to new highs in the outgoing week amid increased participation of investors.The week featured four trading days as the market remained closed on Sunday in...

Accidents, accountability and necessity

Md. Shafiqul Islam | 2021-08-14 00:00:00

A building collapse at the Spectrum Garment Factory in Savar, Dhaka on April 11, 2005 killed 63 people, a fire at KTS Garment Factory in Chattogram on February 23, 2006 killed 61 people, and two days later a building collapsed...

An enormous opportunity waiting to take off

Rezina Sultana | 2021-08-14 00:00:00

The global pandemic has changed many a lives across the world including Bangladesh, mostly for the worse. Any crisis of national and international magnitude brings along with it risks and also opportunities. My departure from being a regular paid employee...

Post-Covid hair loss

Rubaiya Ali | 2021-08-14 00:00:00

The Covid-19 is an ongoing global pandemic caused by the "Severe acute respiratory syndrome coronavirus 2" (SARS-CoV-2). The Covid-19 virus spreads primarily through droplets of saliva or discharge from the nose when an infected person coughs or sneezes.Since the emergence...

How mikes and hand mikes infringe privacy in residential areas

Nilratan Halder | 2021-08-14 00:00:00

Hardly are there silent zones in Dhaka City. But yet not all are hotspots of cacophony too. Usually the commercial areas and intersections of roads near high government offices are full of undesirable noises. Political programmes once added to the...

The media in a changing world

Syed Fattahul Alim | 2021-08-14 00:00:00

Of late, the media reports appear to be increasingly getting sensational. The recent slant of some lead news reports in the mainstream media is apt to give one such impression. The point at issue is the mainstream media, not tabloid...