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Role of youth in fostering sustainable entrepreneurship

Sayed Saikh Imtiaz and Ifterkharul Amin Shatil | 2024-02-29 00:00:00

In recent years, Bangladesh has witnessed the emergence of a compelling cases in sustainable entrepreneurship, thanks to the Sustainable Enterprise Project (SEP) funded by the World Bank and the Palli Karma-Sahayak Foundation (PKSF) with the help of the Government of...

Ramadan . . . prices, unscrupulous traders, syndicates

Syed Badrul Ahsan | 2024-02-29 00:00:00

Ramadan will be here soon, a season which will test Muslims' religiosity through the month of fasting. For Muslim families in Bangladesh, poor as well as middle class, it will once again be a month of worry. The worry has...

Plurilateral deal on investment facilitation faces opposition

ASJADUL KIBRIA, FROM ABU DHABI | 2024-02-28 00:00:00

More than six years ago, the 11th Ministerial Conference of the World Trade Organization (WTO) ended without any progress on critical issues but three plurilateral initiatives.Six years later, one of the initiatives is now almost at the final stage of...

Making a smooth, sustainable graduation for LDCs

Ahasanul Islam Titu | 2024-02-28 00:00:00

We are meeting at the 13th Ministerial Conference (MC13) at a time when the world is facing multidimensional challenges in the form of post pandemic shocks, economic volatility, food insecurity, rising inequality, increasing unemployment, climate disaster, all accentuated by ongoing...

LDCs may enjoy trade benefits for three years after graduation

ASJADUL KIBRIA, from Abu Dhabi | 2024-02-27 00:00:00

Retaining privileges after LDC graduation gets into focus as commerce ministers and senior trade officials of the World Trade Organisation (WTO) countries start hectic negations on the rules of trade, amid geopolitical tensions raging around. The four-day 13th Ministerial Conference...

Burnt with high tax, mobile operators become unable to pay good dividends: Robi chief

ISMAIL HOSSAIN | 2024-02-27 00:00:00

Telecommunication industry is highly capital intensive, on top of which huge tax burden remains a barrier to ensuring a good return to shareholders, said the head of Robi Axiata. In an interview with The FE, Robi Chief Executive Officer Rajeev...

Ring Shine's ownership transfer fails

BABUL BARMAN | 2024-02-27 00:00:00

The troubled Ring Shine Textiles has finally scrapped the share purchase agreement (SPA) with Wise Star Textile Mills and five other Singapore-based firms, citing their failure to fulfill the terms of conditions.It recently sent a letter, notifying the managing director...

Fintech to stimulate economic growth

Syed Fatthul Alim | 2024-02-27 00:00:00

Once only the privileged few in society could afford a telephone set at home. Having a fixed line telephone connection was then a mark of social status. But with the advent of mobile telephony, the image of exclusivity that telephone...

Economic expansion with monetary contraction

M A Taslim | 2024-02-27 00:00:00

The monetary policy statement (MPS) for the second half of FY2023-24 was recently unveiled by the governor of Bangladesh Bank (BB). With a disillusioned nation suffering from severe economic hardships, this was certainly a difficult task which was made even...

Abu Dhabi calling: WTO to deliver

Asjadul Kibria | 2024-02-25 12:00:00

Around three decades ago, senior representatives and officials of 123 nations gathered in the Moroccan city of Marrakesh, also a town strongly linked with medieval history, to establish a global body for making and updating international trade rules and resolving...

Corporate bonds' yield reaches 12pc to lure investors from govt securities

MOHAMMAD MUFAZZAL | 2024-02-25 00:00:00

Corporate bond rates have been increased up to 12 per cent to stay competitive with risk-free government securities, a manifestation of the financial distress that companies are in while trying to raise much-needed funds. In the prevailing high interest rate...

Ctg Elevated Expressway to open partially to traffic next month

NAZIMUDDIN SHYAMOL | 2024-02-25 00:00:00

CHATTOGRAM, Feb 24: The Mohiuddin Chowdhury Elevated Expressway in Chattogram will be opened partially for traffic next month (March). The elevated expressway, which is the longest in the country, it will be opened before Eid-ul-Azha, said project insiders. Prime Minister...

BD students win award in int'l robotics contest in Nepal

KHALID SAIFULLAH KHAN | 2024-02-25 00:00:00

Recently, Team Atlas has proudly represented Bangladesh at the "YANTRA 9.0 International Robotics Competition" in Nepal, achieving the Best Robot Design & Strategy Award at the prestigious President's Cup Yantra Teens. Building a total of five robots for the competition...

A sick healthcare sector kills another boy

Atiqul Kabir Tuhin | 2024-02-25 00:00:00

Losing a child is the worst nightmare any parent can have. The incalculable pain and grief of such a loss is even more compounded by the knowledge that it could have been prevented. At around 8 pm on February 20,...

The death of Navalny has shocked even supporters of Russia

Hasnat Abdul Hye | 2024-02-25 00:00:00

The death of Alexei Navalny cannot but appear as a death of one dissident too many. It has reinforced the view that in Russia under Vladimir Putin a political dissident is a doomed person, whether inside the country or in...

BD preparing disaster risk financing strategy

SYFUL ISLAM | 2024-02-24 00:00:00

Bangladesh is set to prepare National Disaster Risk Financing Strategy on International Monetary Fund (IMF) suggestion to mobilise local and foreign funds for recouping damages perennially wrought by natural calamities.Bangladesh is set to prepare National Disaster Risk Financing Strategy which...

A great asset class for risk-averse investors -I

Abul Ahsan Ahmed | 2024-02-24 00:00:00

Bangladesh is one of the fastest growing economies of the world. As per a Bloomberg report, Bangladesh is stated to be on a track to be a trillion dollar economy by 2040. In contrast, the MAC (middle and affluent class)...

Rain, Rain, don't go away

Nilratan Halder | 2024-02-24 00:00:00

A shower of rain can make a whole lot of difference. The difference is quite evident right in the surrounding. It could not be more pronounced when Thursday's somewhat untimely but welcome shower literally cleansed the gloom that proved overbearing...

Direct transportation of fuel oil using SPM to start Feb 29

NAZIMUDDIN SHYAMOL | 2024-02-23 00:00:00

CHATTOGRAM, Feb 22: Finally, the direct transportation of fuel oil using Single Point Mooring (SPM) will commence on February 29 from Kutubdia in Cox's Bazar to Eastern Refinery Limited (ERL) at Patenga in the district. This operational milestone comes over...

Time to fix issues cramping cashew-processing industry

DOULOT AKTER MALA | 2024-02-23 00:00:00

Umpteen issues have been discouraging local cashew nut-processing investors from further expanding this booming agro-based industry, dampening government efforts to diversify its export basket.Although a number of large companies, including BSRM, City Group, JMI and Kazi, have already invested in...

DEE execution money dries as China suspends funding

GULAM RABBANI | 2024-02-23 00:00:00

Construction of the maiden Dhaka elevated expressway may get into a quandary as the Chinese lenders have suspended funding following one guarantor's failure to comply with terms and conditions. Citicorp International Limited, the Regional Loans Agency of the Chinese lenders,...

All in the name of development!

Nilratan Halder | 2024-02-23 00:00:00

The impression is that the entire area is buzzing with all-round development works. Excavators are digging deep right in the middle of roads to give the sewerage channels depth and breadth under a Dhaka North City Corporation (DNCC) scheme and...

Condemning Netanyahu's genocide is not anti-Semitism

Syed Badrul Ahsan | 2024-02-23 00:00:00

When Brazil's President Ignacio Lula da Silva compares Benjamin Netanyahu's murder of Palestinians to Hitler's killing of Jews in the 1940s, he is not indulging in antisemitism but only pointing to the glee with which both men have gone around...

Stopping illegal toll collection on highways

Atiqul Kabir Tuhin | 2024-02-22 00:00:00

Collection of illegal tolls on highways during the transportation of goods is one of the major factors contributing to the price hike of essential commodities. It is, however, nothing new. It is as old a practice as is the story...

‘We have failed to introduce Bangla in all spheres of our life’

ASJADUL KIBRIA | 2024-02-21 12:00:00

Financial Express: What are the long-term impacts of the language movement?Ahmad Rafique: There were two phases of the language movement. The first phase was in 1948, and the second and final phase was in 1952. There was only one demand...

When Pakistan's leaders displayed no sagacity

Syed Badrul Ahsan | 2024-02-21 00:00:00

There are all the questions which once again rise to the surface all these decades after the shootings of 21 February 1952. These questions, or issues in the proper sense of the meaning, call for research not only in Bangladesh...

Igniting the national ethos through Ekushey

HELAL UDDIN AHMED | 2024-02-21 00:00:00

The movement for making Bangla the state language was a unique and indelible chapter in the annals of Bangladesh's struggle for attaining nationhood. Being the majority in numbers, the people of this land felt quite naturally that their state language...

Banks, NBFIs fear penalties as securities regulator, central bank at loggerheads

MOHAMMAD MUFAZZAL | 2024-02-21 00:00:00

Listed banks and non-bank financial institutions (NBFIs) are worried over regulatory punishments as the Bangladesh Bank and the securities regulator have locked horns over the settlement of unclaimed dividends and formation of an additional sub-committee. In such a situation, if...

ADB plans $500m budget support to bolster social resilience

SYFUL ISLAM | 2024-02-20 00:00:00

The Asian Development Bank (ADB) is likely to provide a US$500 million policy-based loan in two phases by June next year as budget support to strengthen the social resilience of people in Bangladesh, officials said.A fact-finding mission of the Manila-based...

Maiden logistics policy soon to facilitate trade

DOULOT AKTER MALA | 2024-02-20 00:00:00

Bangladesh has climbed two notches up in logistics index but kept languishing in the lowest position among four South Asian economies since 2019, prompting the government to make a policy for upgrading.Agility Emerging Markets Logistics Index 2024 has ranked Bangladesh...