BSEC cracks down on faking financials

The securities regulator has stepped up its effort to combat the practice of submitting IPO (initial public offering) proposals with doctored financial statements.As part of the campaign, the Bangladesh Securities and Exchange Commission (BSEC) has rejected the IPOs of eight...

BKB, RAKUB to disburse Tk 18b

Two top specialised banks, which mainly deal with the agricultural sector, will distribute over Tk 18 billion under the government announced Covid-19 aid packages, sources said.According to officials, the Bangladesh Krishi Bank (BKB) has set a target to disburse Tk...

New ferry terminal at Shimulia soon

The government has taken a move to build a new ferry ghat at Shimulia in Munshiganj to facilitate hassle-free movement of passengers and vehicles, an official said.As part of the move, the shipping ministry has directed the Bangladesh Inland Water...

Ctg roads in bad state in monsoon

CHATTOGRAM, AUG 07: Vehicles cannot ply most of the roads in the port city for their worst condition due to heavy rainfall in the current rainy season.Major roads and alleys here have become unfit for traffic due to cracks and...

Stocks continue gaining amid growing optimism

Stocks extended the winning streak for the seventh consecutive week that ended on Thursday as enthusiastic investors showed their buying spree on sector-wise issues throughout the week riding on new hopes.Week-on-week, DSEX, the key index of the Dhaka Stock Exchange,...

Its application in Bangladesh perspective

During the Covid-19 pandemic, "Force Majeure' is being applied to supply chain management in Bangladesh in different perspectives. In procurement which is wider in supply chain management "Force Majeure' is a contractual obligation but exploited in a different manner in...

Velocity of money in monetary policy efficacy

Currency management in an economy is a challenging task. The central bank takes the responsibility of managing the money supply. Through the monetary policy, the decision of money supply is taken in view of the economic scenario in an economy....

Global tech giants out of VAT net

The National Board of Revenue (NBR) has yet to ensure proper VAT collection in the last one year from global technology companies such as Google, Facebook, and YouTube.Complexities over registering the companies under the VAT net for payment of tax,...

Govt’s bank borrowing more than doubles

The government's net borrowing through selling savings tools dropped by more than 71 per cent to Tk 144.28 billion in FY '20 from Tk 499.39 billion a year ago, according to official figures.A drastic fall in the sales of the...

BSEC revises panel of auditors

The securities regulator has revised the panel of auditors for listed and non-listed companies which submitted IPO proposals dropping Ahmed Mashuque & Co., a chartered accountants firm from the list.The Bangladesh Securities and Exchange Commission (BSEC) has revised the list...

Good signs amidst uncertain times

Signs that the economy has started moving again are there, but the pace is slow. However, that is not unexpected under the prevailing circumstances.July exports earnings moved into positive territory for the first time in the past seven months. Remittance...

Rivers on way to recovery

The people of this land take immense pride in the fact that theirs is a riverine country. Rivers flowing from the Himalayan ranges have shaped its deltaic character and the mighty among them once evoked a mixed feeling of fear...

Preparing for an unknown world

Once Covid-19 abates, we will be reminded of how everything changed, of the world that was. But the unfolding crisis contains profound lessons for the future. When international delegates met at Bretton Woods in July 1944 to devise a post-war...

Is the monetary policy adequate?

Conventionally, monetary policy in Bangladesh has played a secondary role, complementing the fiscal policy as embodied in annual budget. It now appears, as an irony of history, that among the scarce benefit of Covid-19 is the possibility of articulating an...

New wage board sparks conflicts between transport workers, owners

The new wage board announced for private-sector transport workers through a recent circular has sparked conflicts between transport workers' and owners' associations over accepting it.The Ministry of Labour and Employment has finalised the minimum wage for transport workers including drivers,...

Contest requiring analytical, academic skills

Supply Chain Alliance, a supply chain club, has successfully arranged an inter university business case competition - SCA Upstream. The competition was designed to enhance the supply chain knowledge of the young bright minds and help them understand real life...

Empowering women economically

It is heartening that Bangladesh has achieved commendable successes in numerous dimensions of gender parity over the years, thereby widening the economic opportunities for women. The fertility rate has been drastically reduced and gender parity attained in schooling, and millions...

Khorshed Alam made CCC administrator

CHATTOGRAM, Aug 04: The government has appointed Khorshed Alam Sujan as the administrator of Chattogram City Corporation (CCC), as the tenure of the elected mayor and councillors ends on Wednesday. Although the five-year tenure of outgoing Mayor AJM Nasir Uddin...

Erosion hits Padma bridge work

The abrupt river erosion of the Padma on Friday night has hit the bridge construction work since major ready materials went into the river, officials said.They said 192 railway stringers and over 130 road decks, which were kept at the...

Policy directives to help weather RMG odds

The government has issued a host of policy directives aimed at easing the business process involved in apparel exports in particular. The move is designed to help the industry cope with possible challenges that the sector might face in the...

AFD opposes use of similar uniforms by NBR, Army

The Armed Forces Division (AFD) has raised objection over the colour of uniform of the customs and VAT officials, after the agency has found that it matches with the colour of working dress of the Bangladesh Army.The AFD alleged that...

Remittance flow sets new record of $2.6b

The flow of inward remittances grew by nearly 42 per cent to a record high of US$ 2.60 billion in July over that of the previous month, following celebration of the Eid-ul-Azha festival. Remittances from Bangladeshi nationals working abroad in...

Aggrieved investors get prompt service from CCAM

The securities regulator has settled 90 per cent complaints filed by investors in last six months through online complaint module. Investors lodged a total of 167 complaints through Customer Complaints Address Module (CCAM) during the period of January to June...

Seasonal traders dump rawhide

CHATTOGRAM, AUG 04: The ill-fated seasonal leather traders in Chattogram dumped thousands of pieces of rawhide as they failed to sell the skins to permanent leather traders and wholesalers.The households that offered sacrificial cattle on Eid-ul-Azha sold skins to traders...

Moazzem Hossain, the trendsetter

It's COVID time. The world is almost upside down with everything in tatters. All heads, be they holding the rein of families or organisations, are finding it difficult to keep their boats steady. They are a bunch of worried individuals...

Customs to accept digital CoO until December 31

Imported goods under the SAFTA rules could be released through furnishing online Certificate of Origin (CoO) until December 31 this year. The National Board of Revenue (NBR) has extended the facility of submitting the digital certificates by six more months...

Buses, launches hardly go by hygiene norms

The Sadarghat launch terminal witnessed increased rush of homebound passengers on Thursday as a large number of people left the city for their respective village homes to celebrate the holy Eid-ul-Azha, which will be observed in Bangladesh tomorrow (Saturday).Despite the...

BB acts to bring infra firms in stock mkt

The central bank has announced a guideline for attracting non-listed private infrastructure companies, in which commercial banks have equity exposure, to the capital market to help lower risks.Under the guideline, all banks have been asked to enter into agreements with...

With Eid only a day away, Ctg small traders look for buyers

CHATTOGRAM, July 30: With Eid-ul-Azha only a couple of days away, small businesses, including roadside vendors and makeshift shop owners, are looking for buyers as the ordinary customers either have insufficient budget to do so or run short of money...

Strong current halts span installation work of Padma Bridge

Swelling river and strong current in the River Padma have stopped span installation work of Padma Bridge for an indefinite period, sources said.Since the last span was installed on June 10, they said, the mighty river continued to swell, making...