Syful Islam | 2019-05-11 00:00:00
The government has moved to set up three utility-scale wind power plants as part of its efforts to enhance electricity generation from renewable energy sources, officials said.The grid-connected wind power plants, each having the capacity to produce 50 megawatts (MW)...
Siddique Islam | 2019-05-11 00:00:00
The country's foreign exchange reserves have come under pressure after higher external payments against import of oil and construction materials for mega projects.The reserves shrank on Wednesday after a routine payment to the Asian Clearing Union (ACU) against imports during...
Babul Barman | 2019-05-11 00:00:00
Even as the government took some market-supportive measures, stocks slipped back into the red in the outgoing week after a one-week break. Thursday was the last trading day of the week. Market analysts said investors mostly adopted cautious stance in...
Rezaul Karim | 2019-05-11 00:00:00
Non-payment of wages, arrears and other financial benefits before Eid may cause labour unrest at around hundred apparel units in and around Dhaka city, officials said. Citing a government intelligence report, they said labour unrest might flare up in a...
Asjadul Kibria | 2019-05-11 00:00:00
Every year, days or weeks before and during the holy month of Ramadan, there is a big increase in prices of different food items. This year is no exception. Consumers are now paying higher prices for different items than they...
Hassan Hakimian in London | 2019-05-11 00:00:00
The sanctions imposed on Iran by US President Donald Trump have begun to bite the country's economy hard. Inflation, seemingly defeated by President Hassan Rouhani, has returned with a vengeance, hitting 31 per cent in 2018. According to the International...
Golam Sarwar from London | 2019-05-11 00:00:00
From the first week of April, Dhaka Stock Exchange (DSE) has been in the headlines of local dailies as its major index (DSEX) continued to decline. According to the dailies, Dhaka Stock Exchange Brokers' Association (DBA) considered lack of confidence...
Muhammad Iqbal Hossain | 2019-05-11 00:00:00
French Naval officer and ocean explorer Jacques-Yves Cousteau (1910 - 1997) once said, “Water and air, the two essential fluids on which all life depends, have become global garbage cans.” Still the astuteness is outwardly valid. Bangladesh has shown outstanding development....
Siddique Islam | 2019-05-10 00:00:00
The central bank has decided to extend its policy support further to bring back stability in the country's ailing capital market, officials said.As part of the initiative, a bank's investment in the shares of non-listed companies can be deducted from...
S. M. Rayhanul Islam | 2019-05-10 00:00:00
Freedom of expression and media development has a critical role in maintaining the rule of law as well as enhancing good governance. This role is also included in the 2030 Agenda for Sustainable Development, which supports Goal-16 of building just,...
Shamsul Huq Zahid | 2019-05-10 00:00:00
When Value Added Tax (VAT) was introduced in Bangladesh in 1991, the then policymakers did not know it would be the number one source of government revenue within a decade's time. VAT now fetches more revenue than what is mobilised...
Nilratan Halder | 2019-05-10 00:00:00
There is a mental divide between the public and transport workers. The reason is obvious. Transport workers are mostly painted as villains because of the frequent road accidents -some of which defy every plausible reason and rule in the book....
Asjadul Kibria | 2019-05-10 00:00:00
For the last couple of months, a move is on to activate the country's bond market. As part of this move, two separate committees have already been formed and assigned to outline measures to activate bond market. Bond market is...
Salwa Rafi | 2019-05-09 12:00:00
Fresh graduates often find themselves in a startling reality when they enter the job market and discover that a significant portion of their undergraduate education has little use in the industry and the industry calls for a variety of new...
Doulot Akter Mala | 2019-05-09 00:00:00
The National Board of Revenue (NBR) has decided to re-introduce the system of instant issuance of the BIN.This comes at odd with the board's earlier stance on verifying the information before the issuance of fresh VAT registration.Currently VAT officials issue...
Nazimuddin Shyamol | 2019-05-09 00:00:00
CHATTOGRAM, May 08: Traffic congestion, accompanied with sweltering heat, has made public life unbearable during the holy month of Ramadan. Vehicles on the city roads have to stay motionless for hours, causing the untold sufferings to the commuters. The present...
Siddique Islam | 2019-05-09 00:00:00
The central bank has relaxed regulation allowing foreigners to open temporary non-resident Taka account (NRTA) with any scheduled bank along with authorised dealer (AD) bank branches to facilitate foreign direct investment (FDI) in Bangladesh.Under the relaxation, interested foreign investors are...
Sima Rani Dey and Md Monirul Islam | 2019-05-09 00:00:00
Generally, consumption refers to the use of goods and services by households while consumption expenditure is the purchase of goods and services for use by households. Consumption contributes to the growth of an economy as it creates demand of the...
Helal Uddin Ahmed | 2019-05-09 00:00:00
There are now 104 private universities in the country as against 42 in the public sector. As many as 105 private universities have received official recognition in Bangladesh over the past 27 years since 1992. Among these, almost half have...
Jomo Kwame Sundaram in Kuala Lumpur and Anis Chowdhury in Sydney | 2019-05-09 00:00:00
Over the last four decades, growing concentration of market power in the hands of oligopolies, if not monopolies, has been greatly enabled by ostensibly neo-liberal reforms, worsening wealth concentration and gross inequalities in the world. The 'counter-revolution' against Keynesian and...
Babul Barman | 2019-05-08 12:00:00
Net foreign investment in the Dhaka Stock Exchange (DSE) remained negative for the two straight months in April as overseas investors continued their selling binge.Foreign investors collected shares worth Tk 2.57 billion but sold Tk 4.11 billion worth of shares...
Rezaul Karim | 2019-05-08 00:00:00
The government has taken initiatives to increase the export share of high-value apparel items by addressing the problems in this connection, officials said.As part of the initiatives, the World Trade Organisation (WTO) Cell in the Ministry of Commerce (MoC) has...
Doulot Akter Mala | 2019-05-08 00:00:00
The apex trade body of the country has termed the Value Added Tax (VAT) and Supplementary Duty (SD) Act-2012, as it is in its present form after changes to it, still 'not prepared' and 'much-lingered' in respect of its re-evaluation.The...
Sk. Shamim Iqbal | 2019-05-08 00:00:00
The pursuit of growth which has been the defining credo of classical economists has brought prosperity to most developing societies. But it has also created huge inequalities. The argument that economic growth is the road to social justice has been...
Munima Sultana | 2019-05-07 00:00:00
The Asian Development Bank (ADB) is likely to provide US$ 4.62 billion to develop the road and rail infrastructure for ensuring the sub-regional connectivity in next four years up to 2022.The fact-finding mission visited Bangladesh from April 4-10 and confirmed...
Babul Barman | 2019-05-07 00:00:00
The government's tax collection from the prime bourse jumped 84 per cent month-on-month in April riding on shares sales by sponsor-directors and placement holders.Market analysts said higher shares sale by sponsor-directors and placement holders in April kept the government earnings...
Siddique Islam | 2019-05-07 00:00:00
Country's corporate entities will be encouraged to raise capital through issuing bonds for long-term investment instead of bank borrowing, officials said.The issue was discussed at a meeting of tripartite committee, held at the central bank headquarters in Dhaka on Monday,...
Doulot Akter Mala | 2019-05-07 00:00:00
The National Board of Revenue (NBR) has exempted the import of raw materials for production of Active Pharmaceuticals Ingredients (API) from VAT payment until December 2025.In an order issued Sunday, the VAT wing of the revenue board waived 15 per...
M Thenmozhi and Aghila Sasidharan | 2019-05-07 00:00:00
Many investors prefer to invest in securities that give high returns with low risk. But one should make such investments only after reviewing the merits. In recent times, there has been a lot of discussion about dual class shares. As...
Al Fattah Md. Azim | 2019-05-07 00:00:00
A California-based tech company named Zipline has been working on designing and developing drones to deliver emergency medicines in far-off destinations. The technology has already tasted success by saving lives as it delivered medicines to patients in critical conditions through...
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