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China gets a cold and everyone sneezes

Maswood Alam Khan | 2020-02-26 00:00:00

The outbreak of coronavirus, technically COVID-19, is creating a global crisis not only in loss of human life causing widespread fear, but also in financial markets. The rapid outbreak, experts fear, could reach a pandemic scale with more and more...

Women entrepreneurs: What do they need?

Hasnat Abdul Hye | 2020-02-26 00:00:00

A silent revolution has taken place in Bangladesh society over the last four decades. It has added a new dimension to Bangladesh economy with the prospect of changing its structure or reinforce the existing ones that have stood the test...

Tariff commission fears serious impact on trade with China

SYFUL ISLAM | 2020-02-25 12:00:00

The impact of novel coronavirus on Bangladesh-China bilateral trade is already visible and may seriously affect it in the long run, the Bangladesh Trade and Tariff Commission has said."Due to the virus outbreak both the domestic and export trade of...

Delay by CPA makes shop owners losers

Nazimuddin Shyamol | 2020-02-25 00:00:00

CHATTOGRAM, Feb 24: The shop owners are yet to get the allocation of the shops after long eight months of the completing the main market Chittagong Port Authority (CPA) for delay dealing.The shop owners are passing their days with tension...

MFIs can now provide up to Tk 4m collateral-free loan

ISMAIL HOSSAIN | 2020-02-25 00:00:00

Microfinance institutions (MFIs) can now provide collateral-free loans of up to Tk 4 million for micro enterprises to help boost the country's small and medium enterprises. According to draft guidelines, non-governmental organisations (NGOs) and MFIs have to maintain a 50/50...

NBR plans to launch real-time currency exchange rates

Doulot Akter Mala | 2020-02-25 00:00:00

Customs authority has moved to introduce real-time currency exchange rates for determination of import-export value of goods for customs assessment following the global practice in this regard.Currently, the National Board of Revenue (NBR) Customs Wing determines value of import-export goods...

Trump's America: Judiciary threatened, rule of law falters

Abdur Rahman Chowdhury from Falls Church, Virginia, USA | 2020-02-25 00:00:00

The authors of the American constitution were wise, diligent and farsighted. They knew many things, but one thing they knew well that all future presidents could not be trusted to defend the constitution though they would take solemn oath prior...

Kids need playgrounds at all schools

Sarwar Md. Saifullah Khaled | 2020-02-25 00:00:00

The mushroom growth of schools, nay all sorts of educational institutions, without playground in cities and towns across the country is a go of the day. It is as though we have forgotten the age-old adage: All work and no...

Evolution of Bangladesh's agriculture policies

Abdul Bayes | 2020-02-25 00:00:00

For the past four decades or more, Bangladesh's agriculture policies have evolved in response to changing needs of time. Immediately after independence, policies were formulated keeping in view the strategic role of the public sector. It was a time when...

Banking commission: Independence will matter most

Shamsul Huq Zahid | 2020-02-24 12:00:00

The demand for formation of a banking commission is an old one. Different people at different times brought the issue to the fore. But the government gave its proponents the cold shoulder, maintaining its (government's) usual indifference to a deepening...

Stock market tribunal sits almost idle

Mohammad Mufazzal | 2020-02-24 00:00:00

The special tribunal on capital market has been sitting almost 'idle' for around 18 months in the absence of stock market-related cases in hand.The activities of the tribunal came almost to a halt after May, 2018 as the capital market-related...

RHD feels virus's heat in projects

Munima Sultana | 2020-02-24 00:00:00

The Roads and Highways Department (RHD) has started to feel the heat of coronavirus in implementing some projects due to Chinese nationals' failure to meet the target.Official sources at multiple Chinese-funded projects made the observations.They said a monthly progress review...

The power of spectacles

Neil Ray | 2020-02-24 00:00:00

Edgar Allan Poe's comic short story The Spectacles shows how disillusioned one gets when one refuses to wear eyeglasses. Even an 82 years old toothless woman the protagonist of the story sees in an opera house appears to be an...

25 cos to go public to raise Tk 13.34 billion

Mohammad Mufazzal | 2020-02-23 00:00:00

Some 25 companies are set to raise an aggregate amount of capital worth Tk 13.34 billion from the capital market.The companies will raise capitals floating IPOs (initial public offerings) under the book building and fixed price method.Under the book building...

Fiscal policies for women's economic empowerment

Stefania Fabrizio, Daniel Gurara and Lisa Kolovich in Washington DC | 2020-02-23 00:00:00

Making sure that opportunities to enter the workforce are fair and rewarding for women benefits everyone. Yet, the average female workforce participation rate across countries is still 20 percentage points lower than the male rate, largely because gender gaps in...

Rising trend in consumption of oils and fats in Bangladesh

A.K.M. Fakhrul Alam | 2020-02-23 00:00:00

Bangladesh is a country of about 170 million people and annually consumes about 3.0 million tonnes of oils and fats, which include both edible and inedible. As revealed from the statistics of Oil World - 2019, globally recognised source of...

Anachronism stands to be corrected

Nilratan Halder | 2020-02-21 12:00:00

The High Court has issued a rule directing the cabinet secretary to explain why indifference to use of Bangla date alongside English to mark the national days would not be considered illegal. Indeed, here is such a sensitive issue that...

Buet finds screw piling not suitable for piers

MUNIMA SULTANA | 2020-02-21 00:00:00

The new Japanese screw piling system for metro rail piers has proved incompatible with metro rail piers.Sources said screw piling, aimed at freeing the busy Farmgate-Karwanbazar corridor promptly, has been shelved as piers failed to bear the load.According to the...

Import from China falls, apparel sector in a fix

Doulot Akter Mala | 2020-02-21 00:00:00

Both volume and value of import from China have declined by 20.87 per cent and 8.29 per cent respectively from January 1 to February 15 due to impact of Coronavirus outbreak there.Import of some 30 major products of manufacturing sector,...

Remembering an argumentative Bangladeshi

Kazi Iqbal | 2020-02-21 00:00:00

His premature demise did not hit the headlines of national dailies. Nor would many people outside his close circle know or remember who Dr. Kazi Ali Toufique was. His name will not ring any bell to many.This doesn't matter -...

Irrational increase in water tariff!

Shamsul Huq Zahid | 2020-02-21 00:00:00

Some people occupying the high seats in Dhaka Water and Sewerage Authority (DWASA), apparently, are not interested in taking into cognizance the paying capacity of most consumers. That is why they, in September last, sent a proposal to the Ministry...

One million species in world's eco-system in danger of extinction

Thalif Deen at UN Headquarters, New York | 2020-02-21 00:00:00

When UN Secretary-General Antonio Guterres addressed the 193-member General Assembly last December, he focused on the smoldering climate crisis - pointing out that the last five years have been the hottest ever recorded.Ice caps are melting, he said, In Greenland...

Improving social mobility

Helal Uddin Ahmed | 2020-02-20 12:00:00

Bangladesh has been ranked 78th among 82 countries of the world in the Global Social Mobility survey conducted by the Geneva-based World Economic Forum (WEF). The WEF disclosed this through its publication titled 'The Global Social Mobility Report 2020: Equality,...

Deposit rates vis-à-vis inflation

Asjadul Kibria | 2020-02-20 12:00:00

In a move to provide some space for the commercial banks to set their deposit rates at 6.0 per cent, the government has drastically slashed the interest rates on savings schemes in post office. The government has been trying to...

Promoting discourse on socio-economic issues

Emon Hasibul Hasan | 2020-02-20 00:00:00

The second episode of the People's Debate, a panel discussion organised by Economics Study Center and the EMK Center, was held at the EMK Center, Dhaka on February 18 afternoon. The discussed topic was "Soaring prices: Causes and cures of...

BTRC plans to install NEIR system by July

Ismail Hossain | 2020-02-20 00:00:00

The Bangladesh Telecommunication Regulatory Commission (BTRC) is planning to complete installation of National Equipment Identity Register (NEIR), a system meant to check use of fake handsets, by this July.To do so, the regulator will complete procurement of NEIR by April....

Online module a boon to aggrieved investors

Mohammad Mufazzal | 2020-02-20 00:00:00

The securities regulator has settled above 92 per cent of total complaints made by investors in last six months through newly-introduced online complaint module.The Bangladesh Securities and Exchange Commission (BSEC) introduced Customer Complaints Address Module (CCAM) on September 30 last...

VAT intel team looking into 'director's remuneration'

DOULOT AKTER MALA | 2020-02-20 00:00:00

The issue of 'director's remuneration' has come under the scanners of the VAT intelligence team as it found shareholders and owners of many companies are showing it as salary to enjoy VAT exemption.As per VAT law, 15 per cent VAT...

Waning asset quality: Banking sector challenges and way out

Md. Asiful Huq | 2020-02-20 00:00:00

Rising non-performing loan in the country's banking sector, especially in state-owned scheduled commercial banks, for the past few years put serious threat to Bangladesh's financial sector. However, the scenarios are not properly reflected or published in annual reports of the...

Global economy still slowing, dangerously vulnerable

Anis Chowdhury in Sydny and Jomo Kwame Sundaram in Kuala Lumpur | 2020-02-20 00:00:00

In an annual ritual early in the year, most major economic organisations have released forecasts for the global economy in 2020. Incredibly, almost as a reminder of where financial power resides in this day and age, the International Monetary Fund...