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Liquidity mishandling lands dozen banks in quagmire

SIDDIQUE ISLAM | 2024-09-22 00:00:00

At least 11 of mushrooming private commercial banks (PCBs) in Bangladesh faced with financial vulnerability mainly for a lack of proper liquidity management, bankers said, warranting government intervention.Weak corporate governance has also encouraged aggressive lending that has also pushed up...

Alarming rise in vigilantism

Atiqul Kabir Tuhin | 2024-09-22 00:00:00

What was witnessed at Dhaka University's Fazlul Huq Hall last Wednesday is a crime, a tragedy and a heinous act that stunned the entire nation. Woefully, however, it was a mere replay of what often occurs in different parts of...

On new export earnings target

Asjadul Kibria | 2024-09-22 00:00:00

After a predictable setback in the country's export earnings in the last fiscal year, the interim government has set a fresh target for the current fiscal year (FY25). The new total export target is set at US$57.50 billion, a figure...

Draft rules for better investor protection face brokers' opposition

Mohammad Mufazzal | 2024-09-22 00:00:00

Stock investors would have better protection from fund misappropriation by brokers had the intermediaries not opposed the finalising of proposed Bangladesh Securities and Exchange Commission (stock dealer, stock broker and authorised representatives) Rules, 2023.The securities regulator received public opinions on...

Ex-secretary of Ctg Education Board found guilty of son's HSC result tampering

NAZIMUDDIN SHYAMOL | 2024-09-21 00:00:00

CHATTOGRAM, Sept 20: At last, the news on result tampering that was published on December 29 in 2023 in The Financial Express has proved true after investigation.Professor Narayan Chandra Nath, former secretary of the Chattogram Education Board and incumbent Director...

BDBL won't merge with Sonali Bank

REZAUL KARIM | 2024-09-21 00:00:00

Bangladesh Development Bank (BDBL) PLC is unwilling to merge with the state-run Sonali Bank PLC with an eye to bring back confidence in customers, sources said.The BDBL has sought one-year exemption from maintaining the stipulated statutory liquidity ratio (SLR) in...

Mob justice going too far

Nilratan Halder | 2024-09-21 00:00:00

The beating of two men to death at two highest seats of learning cannot be passed as mob violence or mob justice which itself goes counter to any civilised norm and legal standard. That it can happen on campuses at...

367 bank A/Cs of BD citizens detected in 13 countries

DOULOT AKTER MALA | 2024-09-20 00:00:00

Some 102 Bangladeshi citizens have 367 overseas bank accounts in 13 countries, the highest in Canada followed by Australia and Singapore, intelligence data showed.Malaysia, the UK, the UAE, the USA and Thailand have also a significant number of Bangladeshi bank...

Govt borrows Tk 289.52b from banks in July-Aug for deficit financing

SIDDIQUE ISLAM | 2024-09-20 00:00:00

The government borrowed Tk 289.52 billion from banks in July-August for deficit financing but its net borrowing came to over Tk107 billion in the first two months of this fiscal after repayment. Officials said the government borrowing in the two...

Countering threats from exploiters of national resources

Nilratan Halder | 2024-09-20 00:00:00

Ever since the takeover of the country's reins by the interim government, well wishes, congratulatory messages, assurances of cooperation and assistance, moral and material support have been showered profusely from all corners of the world. One of the reasons behind...

SDGs: reform is essential to reaffirm national commitment

TIM Nurul Kabir | 2024-09-20 00:00:00

The 79th session of the United Nations General Assembly (UNGA) 2024 is particularly significant for the Sustainable Development Goals (SDGs). With only six years at hand till the deadline of 2030 Agenda, Heads of State and Government are meeting at...

Rapid Passes lose appeal to passengers

MUNIMA SULTANA | 2024-09-19 00:00:00

A large quantity of integrity cards (ICs), known as Rapid Pass, have piled up for lack of effective moves to make popular those in public transport when an example of its successful introduction to the first metro rail is set.Rapid...

Germany, Italy, UK, US set fast recovery instances

DOULOT AKTER MALA | 2024-09-19 00:00:00

Some proven easy means of repatriating laundered money have been shown by some western countries that experts find as the fastest and less-expensive way Bangladesh can follow in its current crackdown.The United Kingdom, the United States, Germany and Italy are...

Axiata stresses FDI-friendly policy for high-growth BD telecom market

ISMAIL HOSSAIN | 2024-09-19 00:00:00

Axiata Group Berhad, one of Asia's leading telecommunications companies, has expressed strong optimism about Bangladesh's future as a high-growth market, accentuating the need for stable state policies and clear regulations to court long-term foreign investment.In an exclusive interview with The...

Giving rivers a new lease of life

Atiqul Kabir Tuhin | 2024-09-19 00:00:00

Much like the arteries and veins of the human body that carry essential blood to and from the heart, Bangladesh was once blessed with numerous rivers and canals that sustained the life of the nation, but not anymore. To say...

History as it was shaped fifty years ago

Syed Badrul Ahsan | 2024-09-19 00:00:00

It is exhilarating to travel back to history. It is important for an individual to have a sense of history, for history defines our social and political attitudes to events around us. Not all of us have been around the...

Direct shipping route with China opens

NAZIMUDDIN SHYAMOL | 2024-09-18 00:00:00

CHATTOGRAM, Sept 17: The first ship on the Bangladesh-China direct route, MV Kota Angoon V Kajon, carrying 935 TEUS containers arrived at the outer anchorage of Chittagong sea port on Monday. The ship was scheduled to dock at Jetty No....

Commuters likely to reach 1.0m daily

MUNIMA SULTANA | 2024-09-18 00:00:00

The Dhaka Metro rail company is likely to get an estimated 1.0-million passengers after its extension up to Tongi, according to a latest study.The study done under the city's first mass rapid transit line-06 (MRT-06) project says an eight-kilometre extension...

Why bachelor lifestyles often lack organization

IFTEKHARUL ISLAM | 2024-09-18 00:00:00

Most university students' rooms worldwide have a key characteristic: messy rooms with books, clothes, and other belongings everywhere, reflecting the chaotic lifestyle of students. Many young men, especially bachelors, struggle to maintain a clean and organized living space alone or...

A billionaire in S’pore, minnow in Bangladesh

DOULOT AKTER MALA | 2024-09-16 12:00:00

A multibillionaire tycoon in Singapore is found a minnow in Bangladesh as tax sleuths find his local asset coming to only 2.52 per cent of his second-home wealth. Taxmen's initial finding reveals that Aziz Khan, rated as the 43rd billionaire...

Most mutual fund investors get zero yield for FY24 for bear run of stocks

BABUL BARMAN | 2024-09-16 00:00:00

Mutual fund investors are in a tight corner as almost all close-ended mutual funds failed to declare any dividend for the unit holders for FY24 thanks to the depressed stock market.Fund managers blamed a number of adverse factors for their...

No campus politics, please!

Neil Ray | 2024-09-16 00:00:00

Once the cradle of politics, the University of Dhaka (DU) now wants to get rid of politics. It is time that decides the utility of almost everything both in individual and collective life. The toy a child holds dear to...

Why this turmoil in garment sector

Syed Fattahul Alim | 2024-09-16 00:00:00

The recent labour unrest in the industrial belts in and around the capital city including Savar, Ashulia and Gazipur that led to the general holiday or closure of some 219 garment factories till Thursday last surprised many. It is not...

Huge revenue lost for bending customs law in Adani power import

DOULOT AKTER MALA | 2024-09-15 00:00:00

Customs-related irregularities have been detected in power import from India's Adani Group as the legal procedure under Bangladesh's customs has been bent to evade huge taxes.Bangladesh has been importing costly power from Adani's 1,600MW coal-fired power plants in Jharkhand, India,...

Nightmarish commuting in Dhaka

Atiqul Kabir Tuhin | 2024-09-15 00:00:00

Commuting in Dhaka has always been a dreadful experience, but more recently it's become a living nightmare in terms of duration, expense, and energy loss. It's near to impossible to attend a scheduled meeting on time, unless you set out...

Does trade cause income disparity?

Asjadul Kibria | 2024-09-15 00:00:00

As cross-border free trade in goods and services is a vital tool of globalisation, the opponents of globalisation usually blame free trade for income inequality or socio-economic disparity in the world. To what extent globalisation, expansion of international trade to...

A beginner's guide to Model United Nations

Aminul Ehsan Anan | 2024-09-15 00:00:00

Model United Nations (MUN), although an idea which has been introduced to the student body of our country almost a decade ago, has been on the rise in popularity among students for its unique approach to developing their understanding of...

Teams present innovative business solutions in the finale

Hasib Iqbal | 2024-09-15 00:00:00

The Islamic University of Technology Career and Business Society (IUT CBS), in collaboration with The Attention Network, brought INTERN offline for the first time, marking a significant milestone in the annual business case competition's journey. Previously hosted online, the INTERN...

Stabilisation Fund in the dock for its controversial role

Mohammad Mufazzal | 2024-09-15 00:00:00

The new commission of the securities regulator considers redefining the jurisdiction of the Capital Market Stabilisation Fund (CMSF) in a way so that it can perform in the best interest of market investors.The Fund has disbursed funds out of investors'...

Re-examining feminism and future

Hasnat Abdul Hye | 2024-09-15 00:00:00

In ‘ The Feminism Book’, Lucy Morgan said that for many young feminists born in the late 1960’s, and ‘70s, the Riot Grrl movement of the early 1990s marked the start of the third wave’s (2019). Naomi Woolf was a...