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BD to manufacture spare parts of motorcycle

TALHA BIN HABIB | 2020-03-07 00:00:00

The government has taken an initiative to manufacture spare parts of motorcycles locally with intent to boost the national economy, officials said.The industries ministry has also drafted the 'Motorcycle Industry Development Policy 2018' to develop the highly potential sector.It has...

Stocks rout continues

Babul Barman | 2020-03-07 00:00:00

Stocks kept losing in the outgoing week as worried investors continued their sell-offs amid growing tension over the impact of coronavirus outbreak.Week-on-week, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 95.75 points or 2.14 per...

Bagwallahs are now ruling the roost

Nilratan Halder | 2020-03-07 00:00:00

Bags can baffle the older generation, for very few of them could afford the luxury of carrying a bag to office. It is the big boss of a public or private office who had an executive bag or a briefcase...

Agarwood and banking on trees

Mahmuda Alam Chowdhury | 2020-03-07 00:00:00

The fragrance industry holds a major share in the personal care and cosmetics industries for being used as key ingredients in the products and in recent years it has evolved to be a highly significant business itself. In 2018 the...

Memories in a Mindbook?

Maswood Alam Khan | 2020-03-07 00:00:00

I asked a poor rickshaw-puller Keramat Mia, who earns an average of Taka 500 a day, why he had chosen to have a Facebook account. "After a daylong toil pulling my rickshaw," explains Keramat, "I go home, tired and hungry....

Driving forces behind small-farm transformation

Abdul Bayes | 2020-03-07 00:00:00

A group of researchers of the Center for Development Research (ZEF) of Bonn, Germany, observed immense changes in the farming systems worldwide. The fundamental forces which are driving farm change, according to them, can be broadly clustered into exogenous and...

Letup in household solar panel use on higher costs

DOULOT AKTER MALA | 2020-03-06 12:00:00

Rural households in Bangladesh are witnessing a letup in solar power use because of higher maintenance costs of solar home systems (SHSs) and expansion of the national grid.The FE correspondent has found that many of the houses in rural and...

In search of gender equality -

Nilratan Halder | 2020-03-06 12:00:00

February is the month of imbibing the intrinsic spirit of Bangaleeness on pledging the nation's love for mother tongue. But does the month-long book fair in Dhaka and book fairs of shorter duration in other cities and towns really have...

Improving performance of ACC

Helal Uddin Ahmed | 2020-03-06 00:00:00

The public sector corruption fighter ACC (Anti-Corruption Commission) could earn a moderate score of 60 per cent based on its performance in 50 indicators under 6 broader dimensions in a recent institutional evaluation study conducted by the Bangladesh Chapter of...

An economic crisis unlike others

Shamsul Huq Zahid | 2020-03-06 00:00:00

COVID-19, caused by the deadly Coronavirus, has given rise to global health crisis of an unprecedented order. More than 80 countries in five continents are affected. Nearly three months have gone by since the first case of COVID-19 was detected...

BSEC for allowing TREC to foreign firms

Mohammad Mufazzal | 2020-03-05 00:00:00

The securities regulator has moved to issue fresh TREC (Trading Right Entitlement Certificate), to any firms, including foreign ones, for conducting trading operations in the country's capital market.The officials of the Bangladesh Securities and Exchange Commission (BSEC) said the move...

Tax receipts from DSE slump 38pc in 8 months

Babul Barman | 2020-03-05 00:00:00

The government's revenue earnings from the Dhaka Stock Exchange (DSE) fell 38 per cent year-on-year in eight months in the current fiscal year as trading volume was on the decline.Market analysts said sluggish trading activities coupled with low share sales...

It's now or never for national data strategies

Diane Coyle in Cambridge, UK | 2020-03-05 00:00:00

Everybody seems to agree that data will play a fundamental role in the economy of the future, whether through health discoveries, smart energy grids, autonomous vehicles, or other areas of innovation. The problem is that nobody knows precisely how the...

NBFIs seek BB liquidity support

SIDDIQUE ISLAM | 2020-03-04 00:00:00

Top executives of non-bank financial institutions (NBFIs) have sought emergency liquidity support from the central bank to improve their financial health.The support was sought in a meeting with the newly-elected committee of the Bangladesh Leasing and Finance Companies Association (BLFCA)...

Govt plans policy support to offset coronavirus impact

SYFUL ISLAM | 2020-03-04 00:00:00

The government is planning to offer policy support to offset impact of Coronavirus outbreak on manufacturing sector, instead of providing financial assistance at this stage, officials said.The virus outbreak in China, which later spread across nearly 50 countries, has disrupted...

Over 450 local, foreign cos confirm participation

Nazimuddin Shyamol | 2020-03-04 00:00:00

CHATTOGRAM, Mar 03: The month-long 'Chattogram International Trade Fair (CITF) 2020' will kick off at the Railway Polo Ground in the port city tomorrow (Thursday). Commerce Minister Tipu Munshi will attend the inaugural ceremony of 28th edition of the event...

How to be vigilant about financial issues

Aghila Sasidharan and Sobhith Mathew Jose | 2020-03-04 00:00:00

Prevention is better than cure, so there is a need to be vigilant about financial issues that are evolving within the economy. The scams such as PNB, Satyam and Sharadha chit funds warn the investors in India to be vigilant....

Quick decision on banking commission is necessary

Asjadul Kibria | 2020-03-04 00:00:00

Over the years, there have been talks on formation of an independent banking commission to review the status of the country's banking sector. Policymakers have hinted that such a commission would be formed to suggest remedial measures to overcome the...

Coronavirus: WHO says world in uncharted territory

Laurent Thomet in Bejing, with Issam Ahmed in Washington | 2020-03-04 00:00:00

The world has entered uncharted territory in its battle against the deadly coronavirus, the UN health agency warned, as new infections dropped dramatically in China on Tuesday (March 03) but surged abroad with the US death toll rising to six.Globally,...

Is Bangladesh economy facing headwinds?

Hasnat Abdul Hye | 2020-03-04 00:00:00

Bangladesh economy began the New Year with both good news and news not so encouraging. The good news was the surge in remittance by wage earners that soared to $12 billion in January this year. The uptick was credited to...

ICB wants in on new regime

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

The Investment Corporation of Bangladesh, or ICB, has requested the government to cut interest rate on term deposits it took from banks to support the stock market.Presently, the corporation has some Tk 106.71 billion in costlier deposits it took on...

NBR agrees on tax sops

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

The National Board of Revenue, or NBR, has reached a consensus over offering a string of tax incentives to promote long-term debt market in Bangladesh.The incentives include withdrawal of upfront tax on debt securities, tax at source on trading stage...

Washington-Riyadh relations blooming

Kamal Uddin Ahmed | 2020-03-03 00:00:00

During the past seven decades or so, shared economic and security interests have been the dominant factors in the Saudi-United States bilateral relationships. Successive US Administrations have defined the Saudi government as an important economic and security partner. Despite challenges,...

Foreign capital inflows: Structural adjustments needed

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

Foreign capital inflows constitute part of the world's savings. Over the past three decades world savings in proportion to world income has fallen. The decline in world savings implies that not every country can maintain its level of domestic investments...

Concerns grow about sea ecology as turtles dying

ABDUL MONAYEM KHAN | 2020-03-02 00:00:00

COX'S BAZAR: Local residents have found around 40 dead sea-turtles washed up on the Saint Martin's Island beach under Teknaf Upazila over the past one week, indicating that such a large number of deaths may threaten the sea ecosystem.The olive...

Construction of Padma Bridge impeded

MUNIMA SULTANA | 2020-03-02 00:00:00

The construction of Padma Bridge, which got pace few months back overcoming its foundation-related problems since 2015, was impeded again in February due to absence of an adequate number of Chinese staff following coronavirus outbreak.Sources said one-third of the staff...

Rural areas power agent banking

JASIM UDDIN HAROON and SIDDIQUE ISLAM | 2020-03-02 00:00:00

The agent banking is booming, mostly in rural areas, supported by a large inflow of remittances, according to Bangladesh Bank officials.Agent banking is defined as financial services targeted to the underserved population through engaged agents under a valid agency agreement,...

July-Feb remittance flow crosses $12b

SIDDIQUE ISLAM | 2020-03-02 00:00:00

The flow of inward remittances crossed US$12 billion in the first eight months of this fiscal year (FY), despite a significant fall in February, officials said.The inflow of remittances grew by more than 20 per cent to $12.49 billion during...

Panic over coronavirus hitting a fever pitch

Maswood Alam Khan | 2020-03-02 00:00:00

Fear is infectious. We love to spread and hear fear and rumors the way we love ghost stories because they thrill us. Ghosts instill into us a romance of fear and dread. A girl, hearing a ghost story, would race...

Experts think UK-EU deal possible

Alice Ritchie | 2020-03-02 00:00:00

Tensions between Britain and the European Union are high ahead of post-Brexit trade talks next week, but experts say a deal is possible -- even if it falls below what many businesses want.When Britain left the EU on January 31,...