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14 metro rail sets to be made by this yr

Munima Sultana | 2021-05-27 00:00:00

Dhaka metro rail company is likely to get 14 sets of train manufactured by this year against its target of 24 sets, as global coronavirus pandemic delayed their manufacturing process by almost a year.Sources said Japanese company Kawasaki Heavy Industries...

Most listed MNCs declare hefty dividend

BABUL BARMAN | 2021-05-27 00:00:00

Most of the listed multinational companies (MNCs) have recommended substantial amount of cash dividends for the year ended on December 31, 2020, maintaining their profit growth.Currently, there are twelve multinational companies listed with Dhaka Stock Exchange (DSE), which account for...

Chinese economic recovery bolstered in Q1

Liu Zhenhua | 2021-05-27 00:00:00

In the first quarter of this year, Covid-19 pandemic curbing and economic and social development in China continued to make great achievements. The national economy continued to recover steadily, and the basic livelihood of the people was effectively guaranteed. The...

Pharmaceutical mailbox patents and LDC graduation

Mohammad Towhidul Islam | 2021-05-27 00:00:00

Bangladesh, a least developed country (LDC), possesses a vibrant US$2 billion, or around 1 per cent gross domestic product from its pharmaceutical industry that produces off-patent generic and on-patent medicines and supplies them at home to fulfill almost 98 per...

Gaza, war crimes and behavioural dichotomy

Syed Badrul Ahsan | 2021-05-27 00:00:00

Palestinians in Gaza and occupied Arab territory have been celebrating the ceasefire that has brought the military conflict between Hamas and Israel to an end, at least for now. In Israel, Benjamin Netanyahu has been gloating over his country's 'victory'...

Lessons of history to help end pandemic

Helal Uddin Ahmed | 2021-05-27 00:00:00

As the world approaches the one-and-a-half-year mark of Covid-19 pandemic, people across the globe are wondering how and when this invisible war at the microscopic level will come to a conclusion! Experts opine, there might have been a short-lived opportunity...

A proposal to end the Covid-19 pandemic

Kristalina Georgieva, Gita Gopinath, and Ruchir Agarwal | 2021-05-26 00:00:00

Many countries have stepped up in the global fight against the pandemic, as have institutions such as the World Health Organization, the World Bank, Gavi (the Global Alliance for Vaccines and Immunization), the African Union, and others.Yet, more than a...

Making trade work better for the poor

Caroline Freund and Carolina Sánchez-Páramo | 2021-05-26 00:00:00

The relationship between trade, growth and poverty reduction is unequivocal. From 1990 to 2017 developing countries increased their share of global exports from 16 per cent to 30 per cent. At the same time, extreme poverty plunged from 36 per...

What is driving the growth of green and social finance?

Shu Tian, Donghyun Park, and Mai Lin C. Villaruel | 2021-05-26 00:00:00

There is evidence of a positive link between sustainable behaviour and financial return which will likely drive the continued growth of green and social finance.Over the past decade, sustainable finance has become a prominent feature of global finance around the...

Is US trade policy going green?

Stephen Olson | 2021-05-25 12:00:00

With little more than two months on the job, US Trade Representative (USTR) Katherine Tai has already staked out the most ambitious pro-environmental trade policy in the United States (US) history. For decades, the prevailing view had been that trade...

AT waiver for some major imports in next budget

Doulot Akter Mala | 2021-05-25 00:00:00

Some major industrial goods including MS (mild steel) products, mobile phone, scrap and ship scrap are set to get waiver from payment of Advance Tax (AT) in the upcoming budget for the fiscal year (FY) 2021-22.Official sources said AT collected...

27 banks invest Tk 14b

MOHAMMAD MUFAZZAL | 2021-05-25 00:00:00

As many as 27 scheduled banks have so far invested Tk 14 billion in the stock market under the special fund, formed under the central bank's initiative to support the ailing market, officials said.The Bangladesh Bank (BB) officials said those...

Network-locked phone handsets likely soon

ISMAIL HOSSAIN | 2021-05-25 00:00:00

Carrier- or network-locked handsets are going to hit the country's market soon for the first time ever under a joint collaboration between mobile network operators (MNOs) and mobile handset manufacturers.The collaborative scheme is going to sell 4G handsets at affordable...

Skilling the migrant workforce

Hasnat M. Alamgir and Tahmina Khanam | 2021-05-25 00:00:00

Labour migration has been integral to the economic and social development of Bangladesh since its birth. Initially, it was pioneered at the individual level who explored job opportunities at different parts of the world and later it was encouraged at...

Ceasefire only a temporary break in the Palestine-Israel conflict

Abdur Rahman Chowdhury from Falls Church, Virginia, USA | 2021-05-25 00:00:00

In November 2015, this scribe wrote in the Daily Times, Lahore that Israel's continued expansion of settlements in occupied territories, the building of security wall in the middle of Palestinian area, frequent closure of the border crossing, withholding revenues of...

Transforming regional framework into national actions

So Jeong Lee, Suriyan Vichitlekarn, and Ruhimat Soerakoesoemah | 2021-05-25 00:00:00

As the world enters its second year of living with the Covid-19 pandemic, the focus has shifted from containing the spread of the disease towards recovering from socio-economic disruptions. Covid-19 recovery frameworks have been articulated throughout much of the last...

NBR to request ports to collect fees online

DOULOT AKTER MALA | 2021-05-24 00:00:00

The National Board of Revenue (NBR) has decided to request the port authorities to collect their fees and charges through e-payment system so that the importers and exporters can enjoy the facility.The customs wing in a recent meeting took the...

Tk 1.0b BB refinance fund formed

SIDDIQUE ISLAM | 2021-05-24 00:00:00

The central bank has decided to form a refinancing fund worth Tk 1.0 billion to facilitate the bus owners to implement the bus route franchise (BRF) system for easing traffic congestion in the capital.The decision was taken at a board...

The questionable trade-off

Shamsul Huq Zahid | 2021-05-24 00:00:00

Finance minister Mr Mostafa Kamal's recent statement that the budgetary scope to legalise black money would continue as long as the menace exists in the economy has given rise to a bit of hullabaloo. Many have taken an exception to...

Checking the receipts from pandemic-related spending

Chady El Khoury, Jiro Honda, Johan Mathisen, and Etienne Yehoue | 2021-05-23 00:00:00

Governments around the world are playing a crucial role in providing lifelines to people and firms to help combat the pandemic and its economic fallout. To support the effectiveness of these efforts, it is important that such spending be subject...

Karnaphuli river capital dredging restarts

NAZIMUDDIN SHYAMOL | 2021-05-22 00:00:00

CHATTOGRAM, May 21: Capital dredging of Karnaphuli River restarted with local equipment last month after dredging with imported dredgers faced obstacles as the riverbed was filled with plastic wastes and other hard objects last year.Coronavirus outbreak had also halted dredging...

MRA's plea remains shelved for years

REZAUL KARIM | 2021-05-22 00:00:00

The Microcredit Regularity Authority's (MRA) plea for VAT (value-added tax) exemption on the income of micro-finance institutions (MFIs) has remained frozen for more than three years for bureaucratic tangle.The MRA in 2018 proposed that financial institutions division (FID) take steps...

Stocks extend rally as banks keep rising

BABUL BARMAN | 2021-05-22 00:00:00

Stocks extended rally in the outgoing week with the core index of the major bourse soared 558 points in the past six straight weeks as banking sector kept shining.Market operators said investors are hopeful about the market as stocks have...

Innovations in Covid-time banking

Tapash Chandra Paul | 2021-05-22 00:00:00

The Covid-19 pandemic has caused severe and protracted disruptions to the livelihoods of people all around the world, both in developing and developed countries and also in the banking arena of countries. The outbreak is causing widespread concern and economic...

Flowers on indigenous trees that run riot in summer

Nilratan Halder | 2021-05-22 00:00:00

This is the time for local flowers to run riot. None of these flowers is ranked high and far removed from rose, the queen of flowers, tulip, daffodil, gladiolus or even the local selects such as rajanigandha, beli and shefali....

The policymaker's trilemma

Abebe Aemro Selassie and Andrew Tiffin | 2021-05-22 00:00:00

Imagine you're a policymaker in sub-Saharan Africa. You've been charged with lifting your country out of the worst health crisis in living memory, and nobody around you knows when it will end-the second wave that gripped the region earlier in...

Holders of ill-gotten wealth should be held to account

Syed Fattahul Alim | 2021-05-22 00:00:00

The current provision of legalising undisclosed fund, or black money, may come to an end from the next fiscal year. Finance ministry officials are learnt to have been instructed not to include the provision of whitening undisclosed money by paying...

Move underway to provide Tk 5.0b stimulus to PSB

REZAUL KARIM | 2021-05-21 00:00:00

A move is underway to provide Tk 5.0 billion worth of stimulus to state-owned Palli Sanchay Bank (PSB) to help meet its liquidity shortfall, sources said.To this end, an inter-ministerial meeting has been held at the Financial Institutions Division (FID)...

Trade gap widens on imports

SIDDIQUE ISLAM | 2021-05-21 00:00:00

Bangladesh's trade deficit widened by more than 20 per cent in the first nine months of the current fiscal year (FY) because of rising import payment pressure on the economy, officials said.The trade deficit with the rest of the world...

Bigger ADP during Covid time

Shamsul Huq Zahid | 2021-05-21 00:00:00

The size of the Annual Development Plan (ADP) for the upcoming fiscal year 2021-22, which was approved by the executive committee of the national economic council (ECNEC) on Tuesday last, is in line with suggestions made by most economists. It...