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Dealing with health emergencies

Shamsul Huq Zahid | 2020-03-23 00:00:00

Bangladesh's achievements in many areas of human development have been remarkable. It has received plaudits from home and abroad for this, from time to time. The country has done well in bringing down the maternal and infant mortality rates and...

COVID19 crisis demands a comprehensive global approach

Paola Subacchi in London | 2020-03-23 00:00:00

Saudi Arabia, this year's chair of the Group of Twenty (G20), will convene a virtual summit this week to discuss a global response to the COVID-19 crisis. The emergency meeting could not come too soon. Because global health is a...

COVID-19 and economic crisis: Need for measures with social face

Rizwanul Islam | 2020-03-23 00:00:00

The health crisis arising out of the coronavirus disease (COVID-19) is now causing an economic crisis. As the epicentre of the health crisis moved from China to Europe and measures to fight the crisis are being adopted, their impact is...

Social organisations raise awareness about coronavirus

TALHA BIN HABIB and ADNAN HOSSAIN BHUIYAN | 2020-03-22 00:00:00

Several volunteer and social organisations have extended their helping hands to the country's efforts to raise awareness about the new infectious coronavirus disease COVID-19 in the capital as elsewhere in the country.Some of the organisations have also been disinfecting public...

State intervention necessary to overcome Covid-19 threats

Vladimir Popov in Berlin and Jomo Kwame Sundaram in Kuala Lumpur | 2020-03-22 00:00:00

It is now clear that most East Asian government responses to novel coronavirus or Covid-19 outbreaks have been effective. In Hong Kong, Japan, Singapore and Taiwan, the number infected have remained relatively low despite their proximity and vulnerability, while containment...

Economic fallouts of coronavirus and global supply chain

Abdullah A Dewan | 2020-03-22 00:00:00

It is now widely known that COVID-19 has created a disease pandemic, a fear contagion, decimating the stock market everywhere, creating -- what some people started calling -- "an economic pandemic". To deescalate its spread extraordinary measures are undertaken and...

Noi-choi in banking

M. A. Taslim | 2020-03-22 00:00:00

A process that began many months ago with a promise of the commercial banks to reduce their lending rates to single digits appears to be finally moving to a forced culmination. The commercial banks will be required to set their...

Businesses beyond essentials take a hit

Ismail Hossain | 2020-03-21 00:00:00

Businesses other than drugs and essentials are bearing the brunt of panic over the pandemic.Tourism, transport, eateries, consumer goods are the hardest-hit by Covid-19 caused by novel coronavirus, according to business leaders and analysts. They said the country needs budgetary...

Terms ready to launch jt study on advanced FTA

SYFUL ISLAM | 2020-03-21 00:00:00

Bangladesh and India are set to start a joint study on the signing of an advanced free trade area deal under the banner of comprehensive economic partnership agreement, or CEPA, said officials.The two sides have already finalised the terms of...

Stocks tumble despite new circuit breaker

Babul Barman | 2020-03-21 00:00:00

The capital market passed a chaotic week as securities regulator imposed new circuit breaker.The bourses also decided to cut an hour trading time to minimize the losses due to free-fall of stock prices. Now, trading will be held between 10:30am...

Govt moves to scrap Agri Labour Ordinance

Rezaul Karim | 2020-03-21 00:00:00

The government has finally decided to repeal the Agricultural Labour (Minimum Wages) Ordinance-1984, considering that such an order is no longer necessary in the country, officials said.The decision was made at a tripartite meeting of the labour and employment ministry...

In the event of a total lockdown

Nilratan Halder | 2020-03-21 00:00:00

Dhaka has been in the grip of panic buying for the last few days. The reason is quite obvious. It is no other emergency but coronavirus that has compelled people to go for procuring some of the most essentials for...

Containing the dollar credit crunch in the wake of COVID-19 pandemic

Philip Turner in Basel, Switzerland | 2020-03-21 00:00:00

With markets already in turmoil, a dollar credit crunch now threatens the world economy. Companies dependent on international trade have seen their earnings collapse, and many will be unable to service their dollar-denominated debts. International banks are facing severe pressure.The...

Adding value to land tenancy

Abdul Bayes | 2020-03-21 00:00:00

The share-cropping system- defined as sharing the output between a landlord and his tenants in lieu of renting out/in land --had been the predominant tenancy system in Bangladesh since time immemorial. The system is generally criticised for its inherent exploitative...

BB unveils package to benefit businesses

SIDDIQUE ISLAM | 2020-03-20 00:00:00

The central bank has unveiled a stimulus package to help businesses ride out the storm of the pandemic, officials said.Under the package, businessmen will get a string of benefits, including easing of foreign exchange rules for foreign trade and loan...

Chittagonians feel pinch of coronavirus fallout

Nazimuddin Shyamol | 2020-03-20 00:00:00

CHATTOGRAM, Mar 18: Novel coronavirus, which first broke out at Wuhan city in Hubei provice of China late last year, is affecting trade and commerce in Chattogram, the business hub of Bangladesh.Now, the fallout of worldwide coronavirus pandemic is being...

NBR to examine ongoing projects' progress Sunday

DOULOT AKTER MALA | 2020-03-20 00:00:00

The National Board of Revenue (NBR) is going to scrutinise progress of some 25 ongoing projects of its customs, VAT and income tax wings to indentify bottlenecks in their implementation.The NBR Chairman Abu Hena Muhammad Rahmatul Muneem will sit with...

Indifference may prove too costly

Shamsul Huq Zahid | 2020-03-20 00:00:00

While the World Health Organisation (WHO) has been laying particular emphasis on testing the coronavirus suspects, the health authorities here, deliberately or otherwise, has preferred to be indifferent to the need for making necessary preparation."You cannot fight a fire while...

Credit for entrepreneurship development

Nilratan Halder | 2020-03-20 00:00:00

The 3.0 billion credit scheme launched by the Bangladesh Krishi Bank (BKB) to mark the birth centenary of Bangabandhu Sheikh Mujibur Rahman may be viewed as an endorsement of his concern for the poor. Through this credit programme, the bank...

Tax collection, underground economy and tax gap

Muhammad Abdul Mazid | 2020-03-20 00:00:00

In the context of economic development, the ability of a country to raise tax revenue is mainly determined by its tax system design and the efficiency of tax collection and management. From the perspective of taxation practices in various countries,...

Govt to gauge feats of bank bosses

SYFUL ISLAM | 2020-03-19 00:00:00

With the financial health of publicly-owned banks deteriorating, the government has moved to evaluate the performance of chief executive officers, or CEOs, officials say.In a recent meeting, the financial institutions division decided to set the key performance indicator for the...

CMCCI calls for urgent steps to boost local textile production

REZAUL KARIM | 2020-03-19 00:00:00

In the wake of decline in global supply of fabrics due to coronavirus pandemic, a local trade body has urged the government to urgently enhance the country's textile manufacturing strength for maintaining the export growth of readymade garments (RMG). Chittagong...

Why rich countries must protect developing nations from coronavirus pandemic

Ed Holt in Brastislava, Slovakia | 2020-03-19 00:00:00

Governments in wealthy, first world countries must not ignore the plight of poorer nations battling the coronavirus or the disease will not be brought under control, global development experts have said.As African nations slowly report growing numbers of cases, and...

Addressing corona-induced recession

Helal Uddin Ahmed | 2020-03-19 00:00:00

In the wake of declaration of coronavirus outbreak as a global pandemic by the World Health Organisation (WHO) on March 11, the world economy is now facing the most serious challenge since the global recession of 2008. Earlier, the year...

BD-US trade: GSP gone, FTA not in near future

Asjadul Kibria | 2020-03-19 00:00:00

Early this month, the United States-Bangladesh Trade and Investment Cooperation Forum Agreement (TICFA) Council held its fifth meeting in Dhaka. Though there was no concrete outcome in the meeting, media reports suggest that Bangladesh expected some breakthrough in reinstating the...

Bangabandhu -- his struggle for emancipation of the peasantry

Shamsul Alam | 2020-03-19 00:00:00

This article, devoted to Bangabandhu on the occasion of his birth centennial (Mujib Borsho), highlights an aspect of his life struggle towards emancipation of the peasants and peasantry who formed the largest segment of the populace (90 per cent) during...

Railway now opts for chord line

MUNIMA SULTANA | 2020-03-18 00:00:00

Bangladesh Railway (BR) has finally shelved its plan to introduce expensive high-speed train on the Dhaka-Chattogram route considering another option to set up a chord line with less investment, which will also reduce the travel time significantly.Sources said it would...

Tourist arrivals fall by 50-60pc in Chattogram region

Nazimuddin Shyamol | 2020-03-17 00:00:00

CHATTOGRAM, March 16: Arrivals of tourists in greater Chattogram, including Chattogram, Cox's Bazar, Rangamati, Bandarban and Khagrachari districts, sharply declined recently in the wake of coronavirus pandemic. Observers said, tourism is being hampered in the current season due to the...

BD charting post-Brexit course

REZAUL KARIM | 2020-03-17 00:00:00

Bangladesh is considering strategies like formation of a joint trade commission to buffer possible post-BREXIT impacts on its trade with the United Kingdom (UK).Other plans include a feasibility study and initiating a free trade agreement and requesting the UK to...

Banks to invest in stock market from tomorrow

SIDDIQUE ISLAM | 2020-03-17 00:00:00

The banks, particularly private commercial banks (PCBs), have agreed to invest in the share market from Wednesday by creating special funds for revival of the ailing capital market.The decision came at a meeting of the chairmen and managing directors of...