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May interest rate spread widens

Siddique Islam | 2021-07-12 00:00:00

The interest rate spread widened significantly in May, 2021 as the banks cut their deposit rates further while lending rates remained unchanged, bankers have said.The weighted average spread between the lending and deposit rates, offered by the scheduled banks, rose...

Food price volatility and inflation in LICs

Gene Kindberg-Hanlon | 2021-07-12 00:00:00

Rising inflation amid the post-pandemic economic recovery and climbing food prices could aggravate food insecurity in low-income countries (LICs), which has already been driven higher by conflict, adverse weather, and pandemic-related disruption. However, to mitigate the impact on vulnerable populations,...

What Covid-19 can teach us about mitigating climate change

Oya Celasun, Florence Jaumotte, and Antonio Spilimbergo | 2021-07-12 00:00:00

While the Covid-19 pandemic continues to ravage the world, climate change-a crisis that can cause even greater destruction-looms. All crises teach us lessons, but the pandemic has gone further: it has reminded us about the power of nature. A recent...

The humanitarian face of Bangladesh

Neil Ray | 2021-07-12 00:00:00

The death of at least nine Covid-19 patients due to lack of oxygen in Satkhira Medical College Hospital and Bogura General Hospital has shocked the nation. At a time the number of patients overwhelmingly outpaces medical facilities, such things are...

Looking beyond the apparel sector

Shamsul Huq Zahid | 2021-07-12 00:00:00

It is an undeniable truth that the government pampers the country's apparel industry with many policy and fiscal supports. Taking its contribution, in terms of export revenue earnings and employment generation, into consideration, the industry deserves all types of support,...

Initial work on MRT-5 going on amid virus

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

The initial work of Mass Rapid Transit Line-5 (MRT-5) was progressing amid the Covid-19 pandemic, officials said. The authorities concerned have started the detailed design work of the MRT-5 North (Savar's Hemayetpur to Bhatara) after completing its feasibility study and...

Gold refinery to require Tk 1.0 billion in paid-up capital

DOULOT AKTER MALA | 2021-07-11 00:00:00

Investors having authorised capital worth at least Tk 10 billion and paid-up capital worth Tk 1.0 billion will be eligible to build gold refineries in Bangladesh.They have to set up the refineries on minimum 20 bighas of their constant and...

Becoming a cashless economy

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

Over the years, rapid digitisation of financial services in Bangladesh has created an ambience that the country will soon become a so-called cashless society. Policymakers and some experts have also expressed optimism that the complete digitisation of all financial transactions...

Move to bring CSR activities under legal framework

REZAUL KARIM | 2021-07-10 00:00:00

The government has initiated a process of bringing the CSR activities under a legal framework aiming to operate the same in more coordinated and effective manner, officials said.For doing so, it has already taken steps to amend the country's Companies...

On the road to achieving SDGs

Md. Touhidul Alam Khan | 2021-07-10 00:00:00

According to UN Sustainable Development Goals Report, COVID-19 which is now a global pandemic can potentially affect most Sustainable Development Goals (SDGs) severely having impacts specifically on SDG-1 (no poverty), SDG-2 (zero hunger), SDG-3 (healthy lives and well-being of people...

The long wait for a big change

Abul Quasem Haider | 2021-07-10 00:00:00

Every year the Teesta River causes miseries to the people of north-western districts of Bangladesh. Our honorable Prime Minister Sheikh Hasina adopted the 'Teesta Project' three years back in order to resolve the Teesta water problem. She requested Chinese President...

Rehana Maryam Noor receives applause at Cannes

Nilratan Halder | 2021-07-10 00:00:00

If the standing ovation Rehana Maryam Noor received at the 74th Cannes Film Festival following its screening there in the Un Certain Regard section, there is every possibility of winning an award for the film. Even if this hot contender...

Stocks end higher in first week of new fiscal year

BABUL BARMAN | 2021-07-10 00:00:00

Stocks extended rally for the third consecutive week, the first week of the new fiscal year, as bargain hunters continued their buying appetite on major sector issues despite virus worries.The government extended the countrywide strict lockdown until July 14 to...

The stolen childhood of Palestinian kids

Galia Oz | 2021-07-10 00:00:00

Sujoud is 12, and she tells the camera, matter-of-factly, about a man who approached her and her friends in a threatening manner as they walked to school in the adjacent village of A-Tuwani, in the West Bank South Hebron Hills....

Helping emerging digital economy to flourish

Syed Fattahul Alim | 2021-07-10 00:00:00

Since the inception of the era of information and communication technology (ICT), talks on how Bangladesh could make the most of this emerging field to develop its economy as well as create jobs has been going the rounds among the...

DCs asked to arrange online cattle markets

REZAUL KARIM | 2021-07-09 00:00:00

The government has instructed the deputy commissioners (DCs) to arrange online cattle markets, taking into consideration the spread of Covid-19 aiming to facilitate cattle sales ahead of upcoming Eid-ul-Azha.The Ministry of Commerce (MoC) on Thursday asked the DCs to take...

Private credit growth falls markedly in May

SIDDIQUE ISLAM | 2021-07-09 00:00:00

Private-sector credit growth dropped significantly in May mainly due to the ongoing second wave of the Covid-19 pandemic in Bangladesh, according to bankers.Credit flow fell to 7.55 per cent in May 2021 on a year-on-year basis, from 8.29 per cent...

Charity: Spiritual and worldly views

Asjadul Kibria | 2021-07-09 00:00:00

The spirit behind standing by people during their sufferings and providing donation to them is mostly driven by religious teachings. Every religion has directed its followers to donate or give away the surplus belongings. Accordingly, many people give a part...

Dirty money holders' gold rush

Shamsul Huq Zahid | 2021-07-09 00:00:00

The results of the unique opportunity given to whiten black money during the immediate past financial year (FY) are out. The opportunity was unique because of the nominal tax rate and the scrutiny-free disclosure. As expected, there was a rush...

Is Bangladesh heading for an India-like nightmare?

Nilratan Halder | 2021-07-09 00:00:00

Those whom God wishes to destroy, he first makes mad ---Euripides In all men and women there is a fatal attraction, like moth to flame, for things forbidden. The lure is irresistible for some but those who can win over...

A worsening 'two-track' recovery & urgent action

Kristalina Georgieva | 2021-07-09 00:00:00

When G-20 finance ministers and central bank governors gather in Venice this week, they can take inspiration from the city's unbreakable spirit.As the world's first international financial center, Venice has faced the vagaries of economic fortunes over centuries, while being...

No registration application so far!

ISMAIL HOSSAIN | 2021-07-08 00:00:00

Not a single firm has so far applied to register under One Person Company(OPC) at the Registrar of Joint Stock Companies and Firms (RJSC), after one and a half months of the opening of the registration process for entrepreneurs.RJSC opened...

Work progresses only 30pc in five years

MUNIMA SULTANA | 2021-07-08 00:00:00

The Elenga-Hatikamrul-Rangpur Highway Widening project saw 30 per cent progress in its work in last five years.Because of the slow progress, the project office has already revised the development project proposal (DPP) increasing the cost by 45 per cent and...

Lighterage jetty opens at Ctg port today

NAZIMUDDIN SHYAMOL | 2021-07-08 00:00:00

CHATTOGRAM, July 07: The Chittagong Port Authority (CPA) will formally start today the operation of one out of the total four lighterage jetties made in 2013.The CPA leased the jetties to private companies KSRM, BSRM, AKS and Ruby Food. Of...

SBAC to enhance investment in retail and SME sectors

Siddique Islam | 2021-07-08 00:00:00

South Bangla Agriculture and Commerce (SBAC) Bank Limited has planned to boost its financing in retail and small and medium enterprises (SME) for minimising risk within the next two years, the bank's top executive has said.Under the plans, the investment...

Victim blaming must end

Sirajum Munira Tuli | 2021-07-08 00:00:00

Looking back at the Bollywood movies of the eighties and nineties, one of the most common things that can be noticed in most of the superhit commercial movies is the normalisation or romanticisation of eve-teasing. Dhallywood movies too followed the...

Military spending in the post-pandemic era

Benedict Clements, Sanjeev Gupta and Saida Khamidova | 2021-07-08 00:00:00

Governments across the world adopted stimulus packages in 2020 to address the Covid-19 pandemic, with those in advanced economies outstripping those in the rest of the world. The resulting high budget deficits must be brought in line with available resources...

Addressing climate crises to tame pandemic

Solene Le Doze and Dennis Lee | 2021-07-08 00:00:00

Throughout history, zoonotic diseases (diseases transmitted from animals to humans) have made their marks in human history. For example, the bubonic plague, which was transmitted from rodents, is considered one of the most devastating diseases in human history, claiming hundreds...

Boosting the private sector

Helal Uddin Ahmed | 2021-07-08 00:00:00

Bangladesh should embark on a new round of reforms for strengthening and modernising the private sector in order to propel the country towards export-led diversified growth and fuller employment. This has been the key recommendation of the country-specific private sector...

Commodity calendars for six more items soon

REZAUL KARIM | 2021-07-07 00:00:00

The government is preparing calendars for six more essential items aiming to check their unusual price hike in the domestic market, officials said.The widely-consumed products are: Edible oil, sugar, lentils, ginger, garlic and gram. Earlier, the government had prepared a...