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Pandemic disrupting F-commerce businesses

Nafisul Abrar | 2020-05-21 00:00:00

Running businesses through Facebook is very popular in Bangladesh. The formal term used for such businesses is called F-commerce businesses. Facebook has been a source for thousands of micro entrepreneurs to run businesses from the comfort of their homes. According...

How much is needed for the cash transfer programme?

Ahsan Mansur, Abdur Razzaqu and Bazlul H Khondker | 2020-05-21 00:00:00

One critical element in determining the support programme to the needy is the amount of transfer. At the outset, we would like to highlight that a standard suggestion could involve considering the poverty line income as worked out in Bangladesh...

Yields on securities rise ahead of Eid

SIDDIQUE ISLAM | 2020-05-20 00:00:00

Yields on the government approved securities increased slightly on Tuesday, as the banks were reluctant to invest their funds in the instruments ahead of the Eid-ul-Fitr.The cut-off yield, generally known as interest rate, on 91-Day treasury bills (T-bills) rose to...

Relief on the way for Covid-hit taxpayers

Doulot Akter Mala | 2020-05-20 00:00:00

The government is likely to offer a set of tax incentives for both individual and corporate taxpayers, including black money whitening opportunity, in the budget for upcoming fiscal year (FY), 2020-21.In an effort to bring informal economy under tax net,...

Rail turns crucial for onion cargo from India

MUNIMA SULTANA | 2020-05-20 00:00:00

Railway is fast becoming a vital option for onion transportation from India following suspension of road network between the two neighbouring nations for the COVID-19 pandemic, officials said.Bangladesh Railway's freight trains, noted for bringing stones and fly ash as raw...

Raging coronavirus: Its impact on global economy

Abdur Rahman Chowdhury from Falls Church, Virginia, USA | 2020-05-20 00:00:00

Scientists and political leaders have been struggling hard to track the course of coronavirus. They made projection that the virus will lose its steam after taking about 60,000 human lives in the United States. This projection has been proved untenable...

Who should be given direct livelihood support?

Ahsan Mansur, Abdur Razzaque and Bazlul H Khondker | 2020-05-20 00:00:00

Covid-19 has now turned into a major global health and economic crisis unprecedented over the past 100 years since the Spanish flu of 1918. Economic activities across the world have grounded to a dramatic halt. Countries and multilateral agencies (Asian...

Govt approves mega purchase plan for TCB

Rezaul Karim | 2020-05-19 00:00:00

The government has approved a mega purchase plan for Trading Corporation of Bangladesh (TCB) aiming to supply essential commodities to the people at affordable prices and help stabilise the market during the pandemic. An inter-ministerial committee has approved the plan...

Cargo handling suspended at outer anchorage of Ctg port

Nazimuddin Shyamol | 2020-05-19 00:00:00

CHATTOGRAM, May 18: Cargo handling has been suspended at the outer anchorage of Chittagong seaport following weather alert-2 issued by the Chittagong Port Authority (CPA) today. As the cyclonic storm 'Amphan' was moving towards the coast of Bangladesh, meteorological department...

Introducing floating solar PV technology in Bangladesh

Mohammad Alauddin | 2020-05-19 00:00:00

Solar energy is the largest energy resource on earth that offers abundant renewable energy resource to mankind relatively well-spread over the globe. It can be captured and transformed into heat or electricity. There are several technologies commercially available for converting...

The guiding light takes his leave

Nilratan Halder | 2020-05-18 12:00:00

The nation's guiding lights are leaving us one by one. First, it was national professor Jamilur Reza Choudhury who was on his eternal journey and now national professor Anisuzzaman follows suit. Their departure, particularly within so short a time and...

Covid-19 vaccine: Hope and reality

Shamsul Huq Zahid | 2020-05-18 12:00:00

The world is eagerly waiting for an effective vaccine against novel coronavirus that has been wreaking havoc for the past three months. Though the peoples across world got disheartened, to some extent, by the World Health Organisation's latest observation that...

Prof Shibli joins as BSEC chairman

Mohammad Mufazzal | 2020-05-18 00:00:00

The newly-appointed chairman of the securities regulator, Professor Shibli Rubayat Ul Islam, joined on Sunday with a vow to ensure 'proper characteristics' of the country's capital market like the other markets of developed countries."I have just joined as new chairman...

Garment exporters get fresh facility

Siddique Islam | 2020-05-18 00:00:00

The central bank has enhanced the loan ceiling for the members of textiles and clothing exporters under its export development fund or EDF scheme to help boost proceeds from overseas sales, officials say. "It has now been decided to enhance...

May VAT receipts slump on Covid-19

Doulot Akter Mala | 2020-05-18 00:00:00

The collection of valued added tax or VAT against returns slipped by over 38 per cent in May, although the number of filing rose by 11,000 month on month.Despite lockdown, the return submission has jumped by 34.81 per cent this...

Extending fiscal support to agriculture, SMEs

Fahmida Khatun, Mustafizur Rahman, Khondaker Golam Moazzem and Towfiqul Islam Khan | 2020-05-18 00:00:00

The agriculture sector should get special priority in the national budget for FY21. The economic adversity caused by Covid-19 has reemphasized the importance of food security through food production, and also the need for increased public food stockholding. FY21 will...

Deposit mobilisation now our top priority: NCC Bank MD

Siddique Islam | 2020-05-17 12:00:00

NCC Bank has planned to expedite deposit mobilisation particularly core or retail one aiming to improve financial health further through reducing its cost of fund, the bank's top executive has said."In the present scenario it is very difficult to sustain...

Customs seek NBR steps

Doulot Akter Mala | 2020-05-17 00:00:00

Benapole customs house has strongly pleaded for introducing container trains between Benapole and Petrapole land-ports in a bid to reducing cost of transportation.The customs authority also alleged that prices of products, imported through the Benapole port, go up due to...

BSCIC industrial estates producing 1,900 tonnes of rice per day

TALHA BIN HABIB | 2020-05-17 00:00:00

The mills at BSCIC industrial estates have been producing rice to ensure its smooth supply in the market during the coronavirus pandemic, an official said.There are a total of 76 industrial estates under BSCIC. Of them, 13 estates have been...

Covid-19 treatment goes haywire

Doulot Akter Mala | 2020-05-16 00:00:00

Upscale private hospitals remain out of the purview of serving Covid-19 patients even as the rush of sick people has almost overwhelmed dedicated public facilities.The private players are willing to serve as multidisciplinary hospitals for non-COVID patients claiming that their...

Why contextual solution to Covid-19 critical

Mohammad Tarikul Islam | 2020-05-16 00:00:00

As Bangladesh is fighting coronavirus pandemic that has affected 212 countries and territories, assumptions about the virus, prediction of severity, and pattern of genome have all been changing, puzzling scientists and perplexing policymakers, disaster management experts in particular. It is...

Between a pandemic of coronavirus and a pandemic of starvation

Sadequl Islam | 2020-05-16 00:00:00

Tragedy in the Greek literature is driven by character flaws in heroic figures while tragedy in the English or Shakespearean literature is more nuanced and complex. In contrast, tragedy or misfortune for garment workers in Bangladesh is simpler yet more...

Dhaka seeks EU lawmakers' help

SYFUL ISLAM | 2020-05-15 00:00:00

Bangladesh has sought cooperation from the European Parliament for the restoration of apparel work orders, suspended or cancelled by various European brands and retailers after the COVID-19 pandemic.The Ministry of Commerce (MoC) made the appeal on Wednesday since the work...

India closes in on slapping fresh punitive duties

Doulot Akter Mala | 2020-05-15 00:00:00

India has invited Bangladeshi officials to discuss as New Delhi seeks to protect its mills by imposing yet another bout of safeguard duty on jute products of Dhaka. Anti-dumping duties are slapped by a country on the imported products that...

Cement makers want refund of Tk 7.5b AIT

Mohammad Mufazzal | 2020-05-15 00:00:00

Local cement manufacturers have urged the government to refund an accumulated advance income tax (AIT) worth Tk 7.5 billion to offer a "breathing space" for the cash-strapped companies.The Bangladesh Cement Manufacturers Association or BCMA made the appeal in a letter...

Ctg port's operation being hampered

Nazimuddin Shyamol | 2020-05-15 00:00:00

CHATTOGRAM, May 14: Normal activities at Chittagong Port are being hampered as many importers of refrigerated containers (refer containers) are not taking delivery of the shipments on scheduled time.Port officials and traders said container congestion at the jetties of the...

Capacity building in health sector

Shamsul Huq Zahid | 2020-05-15 00:00:00

The progress made in the country's health sector over the past two decades has earned international plaudits. However, most part of the appreciation has been for notable improvement in a few key health indicators such as life expectancy, immunisation coverage...

When it is right time to open up economy

Nilratan Halder | 2020-05-15 00:00:00

With Covid-19 cases and deaths dropping substantially, many European countries have started easing lockdowns and opening up their economies -albeit on a limited scale. Even Germany and Russia have begun relaxing lockdown rules amid an unrelenting upsurge in coronavirus cases...

Taking the German constitutional court seriously

Marcel Fratzscher | 2020-05-15 00:00:00

The German Federal Constitutional Court's (GCC) ruling against the European Central Bank's (ECB) pre-pandemic asset-purchase program has stunned policymakers and other observers outside of Germany. Many will be tempted either to ignore the ruling altogether, or to escalate the legal...

Wealth of billionaires and the poor

Masih Malik Chowdhury | 2020-05-15 00:00:00

Forbes published the 2020 list of the richest Billionaires amidst Covid19, as of March18, 2020. It stated, as we all know, that the richest people on earth are not immune to corona virus. "As the pandemic tightened its grip on...