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BB changes observers in AB Bank, Padma

Siddique Islam | 2019-10-05 00:00:00

The central bank has reshuffled its observers in two private commercial banks (PCBs) to further strengthen its supervision of the banks for improving their financial condition, officials said.Under the latest measure, Lila Rashid, a general manager (GM) of the Bangladesh...

Indian textile lobby presses for NTBs

SYFUL ISLAM | 2019-10-05 00:00:00

The Indian textile lobby is pressing its government to impose fresh non-tariff barriers on Bangladesh's apparel exports against the backdrop of rising shipment to the neighbouring country, officials said.The pressure came at a time when readymade garment exports to India...

Vision 2021: Fisheries ministry readying for digital service

TALHA BIN HABIB | 2019-10-05 00:00:00

The ministry of fisheries and livestock (MoFL) has adopted a master plan to boost the two sectors with a view to achieving the government's Vision 2021, officials said. The roadmap will also help ensure full automation of the ministry's activities...

BR's own land now to host container handling facilities

Munima Sultana | 2019-10-05 00:00:00

Bangladesh Railway (BR) now plans to set up container handling facilities on its own land at Bazarihat in Sirajganj instead of the earlier location near the Bangabandhu Railway Bridge planned to be built over the Jamuna.The facilities will be used...

Stocks slip into red amid volatile trading

Babul Barman | 2019-10-05 00:00:00

Stocks slipped into the red in the outgoing week that ended on Thursday as investors mostly followed cautious stance amid ongoing bearish market trend.Week on week, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 31...

Weed management in boosting food output

Prof. Sarwar Md. Saifullah Khaled | 2019-10-05 00:00:00

Weed in the crop field is a real hazard that reduces the yield of food nay all crops per hectare. Crop field's weed competes with crops for light, nutrients and water thereby resulting in yield loss of crops up to...

At our journey's end: Adieu Kanyakumari

Nilratan Halder | 2019-10-05 00:00:00

The day is bright and a sense of nomadic urge lingers on. However, we realise that this is our last day at Kanyakumari and from here we will only be heading for home. But so long we have postponed our...

An opportunity for students to express gratitude to teachers

Mir Mahmudul Haque Chowdhury | 2019-10-05 00:00:00

World Teachers day is a special day celebrated through out the world on October 05 to express respect, honour and love towards teachers. It is also known as International Teachers Day. It is extremely important to acknowledge the contribution of...

Increasing shrimp exports to earn foreign exchange

AKM Fazlul Haque | 2019-10-05 00:00:00

Frozen shrimp export companies have been playing a significant role in the economy as a foreign currency earner. It is also playing a leading role in marketing of Bangladeshi products abroad.Thanks to huge demand of Bangladeshi frozen shrimps in the...

Curbing school bullying

Asjadul Kibria | 2019-10-05 00:00:00

A large number of school-goers are now the victims of bullying and the aggressive mentality is growing mainly due to laxity of the school administrations coupled with irresponsible behaviour of a section of guardians. Media reports have already unveiled a...

Merit of Bt brinjal technology

Abdul Bayes | 2019-10-05 00:00:00

The drivers of the current development of Bangladesh are many and they are diverse too. Ranking the drivers on their strengths may not be a simple exercise as hosts of multi-co-linearity problems would complicate the attempt. But apparently agricultural growth,...

Towards a smart nation branding of Bangladesh

Mohammad Navid Safiullah | 2019-10-05 00:00:00

Nation branding (NB) as a concept has received considerable attention in today's competitive global marketing milieu. It aims to measure, build and manage the reputation of countries. A positive and strong NB attracts tourists, stimulates inward investment, boosts exports and...

Tax regulations: Curbing discretionary powers of officials

Muhammad Abdul Mazid | 2019-10-05 00:00:00

There is a general perception that the existing income tax regulations in Bangladesh are British in origin -- intricate in nature and cumbersome for enforcement. Though taxation as an influential instrument for revenue generation of the state was very much...

Costly indifference to climate threat

Nilratan Halder | 2019-10-04 12:00:00

Greta Thunberg, a 16-year old Swedish climate activist, could not expose the charlatanism of seasoned or fluke leaders more emphatically at the special United Nations climate summit in New York. The teenage girl has come to the limelight not for...

Taka weakens as demand for dollar soars

SIDDIQUE ISLAM | 2019-10-04 00:00:00

The exchange rate of Bangladesh Taka depreciated significantly against the US dollar on Thursday, accelerated by the higher demand for the greenback to settle import bills.The local currency lost its value by 15 poisha in the inter-bank foreign exchange market...

Substandard products slow down solar power development

Rezaul Karim | 2019-10-04 00:00:00

Imported low-quality solar panels and components have flooded the domestic market, causing concern among the relevant government agencies.According to market insiders and government officials, a sizeable volume of such solar modules are being imported into the country in the absence...

Chalan Beel-largest wetland in Bangladesh

EMDADUL HAQUE | 2019-10-04 00:00:00

NATORE, Oct 03: Due to absence of a sluice gate in Chalan Beel, one of the largest wetlands in the country, sufferings of over five million people mount during both monsoon and winter.Haphazard water release from adjacent small and big...

Children's engagement with digital books

S. M. Rayhanul Islam | 2019-10-04 00:00:00

In an era of rapid digitisation, young children nowadays are spending more time than ever before on digital devices. Their reading is no longer limited to physical books and other printed materials. Digital books are becoming more and more popular...

A book relevant for businesses

Doulot Akter Mala | 2019-10-04 00:00:00

With significant increase in international trade in recent decades, fiscal measures draw attention of many stakeholders. The government changes tax rates almost every year through passage of the Finance Bill by the Jatiya Sangsad (national assembly). Such changes in fiscal...

When generic name is a potent cure

Shamsul Huq Zahid | 2019-10-04 00:00:00

The Financial Express early last month broke the news that Sanofi, a leading multinational pharmaceutical company, would close its Bangladesh operations soon. The company, reportedly, has already informed the government, which has 45 per cent stake in it, of its...

Cash is surging, still not excessive

Asjadul Kibria | 2019-10-04 00:00:00

The recent crackdown on illegal casinos in the city exposed the perception that huge sums of cash are available with a number of people. Instead of keeping the money in banks, they preferred to hold big cash as these were...

SEZs making good progress

Helal Uddin Ahmed | 2019-10-03 12:00:00

A new optimism has been generated in Bangladesh in recent times in the areas of rapid industrialisation and concomitant new investments, as well as rise in exports and employment due to some pragmatic initiatives taken by the government. These include...

IFC identifies possible investors, barriers too

SYFUL ISLAM | 2019-10-03 00:00:00

The International Finance Corporation (IFC) has found scores of potential local and foreign financial institutions having an interest in Bangladesh's climate-smart green bond.In a study done jointly with the Bangladesh Bank, IFC has also identified 12 types of barriers to...

Youths for engineering innovation

Ebtesam Al-Haque | 2019-10-03 00:00:00

The Department of Electrical and Electronic Engineering at Islamic University of Technology (IUT) attracted over thousands of tech enthusiasts to their campus through Esonance. This flagship event was held recently for the sixth time with the motto "Resonance of engineering...

Foreign fund in stocks sinks

Babul Barman | 2019-10-03 00:00:00

Net foreign investment in Dhaka bourse remained negative for the seventh straight month in September as the overseas investors continued to pull out their fund amid lack of confidence.Market analysts said the foreign investors are selling off their shares due...

Plans underway to develop country's southwest region

MUNIMA SULTANA | 2019-10-03 00:00:00

The government has planned to develop the southwestern region of the country, providing the scope of land and seaport connectivity and market support for facilitating regional trade.As part of the plan, sources said, two projects have been undertaken to ensure...

Countercyclical fiscal policy to counter global economic downturn

Jomo Kwame Sundaram in Kuala Lumpur, Malaysia | 2019-10-03 00:00:00

A conjuncture of developments, short- and medium-term, have conspired to further slow the world economy. In recent months, the International Monetary Fund (IMF), among others, has acknowledged that global economic prospects are worsening, forcing it to make not one, but...

BIMSTEC - as it evolves to transform itself into a platform of regional cooperation

M Shahidul Islam | 2019-10-03 00:00:00

The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation, better known by its acronym BIMSTEC, is a unique regional organisation that brings together seven member states surrounding the Bay of Bengal, namely Bangladesh, Bhutan, India, Myanmar, Nepal, Sri...

Ctg port betters its container handling

NAZIMUDDIN SHYAMOL | 2019-10-02 00:00:00

CHATTOGRAM, Oct 01: Chittagong port, the prime sea port of the country set a new record of handling containers last month. The port operators handled 2,92,455 TEUs of containers in the month. Earlier, the port operators handled 2,65,000 TEUs in...

Q1 remittance flow rises

Siddique Islam | 2019-10-02 00:00:00

The inflow of remittances grew by more than 16 per cent in the first quarter (Q1) of this fiscal year (FY) as the government has announced a 2.0 per cent incentive on remittance receipts.The flow of inward remittances rose to...