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Summit, Fiber@Home at work to transit bandwidth to India

ISMAIL HOSSAIN | 2024-02-04 00:00:00

Bangladesh's two international terrestrial cable (ITC) licensees - the Summit Communications and the Fiber@Home Global Limited - are working to transit bandwidth to northeastern states of India very soon.The Bharti Airtel and the Bangladesh Submarine Cable Company Limited (BSCCL) will...

Dollar rate hike eats up Tk 13.65b Biman profit

Munima Sultana | 2024-02-04 00:00:00

The hike in the dollar exchange rate has swallowed Tk 13.65 billion in profits of the Biman Bangladesh Airlines in the last fiscal year (FY 2022-23).The national flag carrier has lost the profit for paying dues to international airlines in...

Rekindling the spirit of Ekushey

Atiqul Kabir Tuhin | 2024-02-04 00:00:00

The month-long Amar Ekushey Boi Mela 2024 - the landmark event of the Ekushey observances - was ceremoniously inaugurated on the Bangla Academy premises by Prime Minister Sheikh Hasina last Thursday. Book fairs are held in many countries with little...

Detecting the round-tripping of FDI in Bangladesh

Asjadul Kibria | 2024-02-04 00:00:00

As capital flight from Bangladesh has long been a reality, so has also been talk of bringing back or recovering the siphoned-off money, especially in the last couple of years. The feasibility of recovery is, however, remains a moot question...

Negative equity, down 18pc since 2020, still weighs heavily on market

Mohammad Mufazzal | 2024-02-04 00:00:00

The outstanding negative equity against margin loans taken for investments in the country's capital market fell more than 18 per cent to Tk 66.3 billion between December 2020 and September 2023.Though market stakeholders say such a high volume of prevalent...

Why businesses need procurement specialist

Md Munirul Islam | 2024-02-03 00:00:00

Procurement practices have been existing for thousands of years. This practice dates back to as early as 3000 BC. In Egypt, during pyramid design, papyrus was used to record the amount of labour and materials needed for construction. Ancient Romans...

Language and interaction between man and animal

Nilratan Halder | 2024-02-03 00:00:00

If language is an expert way of producing meaningful sounds out of the vocal cord, the human species has perfected the art at its most efficient. Other species---birds and animals---lag behind but it would be foolish to subscribe to the...

Data integrity, empirical research and economic planning-

Farzana Zaman Toshi and Abdullah A Dewan | 2024-02-03 00:00:00

In his recent article entitled, “The riddle of the missing figures” (FE, 27, 2023), Dr Helal Ahmed gave several examples of discrepancies in data published by Bangladesh Bureau of Statistics (BBS). The concluding paragraph of the article is reproduced as...

More trains on MRT-6 imminent

MUNIMA SULTANA | 2024-02-02 00:00:00

Amid rising passenger pressure, the Dhaka metro-rail company is actively considering increasing the number of trains and frequency of headways to reduce the time of arrival.The operations and technical team of the Dhaka Mass Transit Company Limited (DMTCL) was working...

Latest annual individual return filing rises 17pc

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

A much-cherished rise in Bangladesh's tax-GDP ratio gets a mild push as the annual submission of income-tax returns by individual taxpayers increased 17 per cent to 3.5 million till an extended timeline. Official statistics show the government's tax collection from...

Myanmar's spillover adverse impacts on Bangladesh

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

To have a rogue state as an immediate neighbour can never be to the liking of any nation, much less when the latter has to shelter the former's 1.3 million refugees for years together. This becomes particularly challenging when the...

BD economic indicators may see upturn: IMF

SYFUL ISLAM | 2024-02-01 12:00:00

Election-engendered worries easing with the vote evidently passing through opposition, the IMF now expects some of Bangladesh's economic indicators to begin showing positive signs attuned with a global rebound."Now the election is behind, the uncertainty has dissipated, we expect the...

BEPZA seeks duty waiver on equipment imports

DOULOT AKTER MALA | 2024-02-01 00:00:00

Bangladesh Export Processing Zones Authority (BEPZA) has moved to transition from fossil fuel to renewable energy and sought fiscal support for its industries like that of being provided to the ones located outside the export processing zones (EPZs).It found existing...

What EU's new due diligence law means for RMG industry

Atiqul Kabir Tuhin | 2024-02-01 00:00:00

The concern expressed by European Union (EU) officials in Dhaka regarding Bangladeshi exporters' requirement to adhere to the bloc's new due diligence law regarding human rights and environmental protection is entirely understandable. Speaking at a recent discussion in Dhaka, EU...

Middle East peace depends on Israeli regime change

Syed Badrul Ahsan | 2024-02-01 00:00:00

Before the world plunges into deeper and wider chaos over the plight of Gaza, there is a paramount need for regime change in Israel. All appeals to Benjamin Netanyahu and his government to rein in Israeli forces in Gaza, indeed...

Tax relief planned for land acquisition compensation

DOULOT AKTER MALA | 2024-01-31 00:00:00

The revenue authority is set to ease tax burdens on income derived from acquiring immovable property, mainly land, as compensation to provide tax relief to affected individuals.The Income Tax Wing under the National Board of Revenue (NBR) would consider the...

Stop being proud of a workaholic lifestyle

NOWSHABA ACHAL | 2024-01-31 00:00:00

In this era of urbanisation, everyone seems to be working hard all the time and motivating others to work as much as possible to achieve their goals. Everyone is telling you to push your boundaries constantly and tirelessly. Being a...

Liquidation and mergers loom over frail ins firms

SYFUL ISLAM | 2024-01-30 00:00:00

Liquidation and merger loom over some troubled insurance companies, which lost financial abilities allegedly due to flagrant irregularities and embezzlement, as the regulator has recommended such remedy, sources said. These insurance companies even did not make further effort for improving...

Understanding teenage suicide

Syed Fattahul Alim | 2024-01-30 00:00:00

Study findings on suicides among teenage students in 2023 that a local non-government organisation (NGO), Aachol Foundation, has come up with are concerning. The study done by the said NGO is based on reports published in the print and electronic...

Chinese economy under internal & external pressures

Hasnat Abdul Hye | 2024-01-30 00:00:00

Chinese economy is not now what it used to be, the economic power house on which the world economy depended for its spectacular growth before 2020 pandemic years. The prolonged shutdown of the society and particularly the economy, more protracted...

NOAB forms new committee

FE ONLINE DESK | 2024-01-29 00:00:00

The Newspaper Owners' Association of Bangladesh (NOAB) has formed its new executive committee for a two-year term. The committee was formed during the annual general meeting of the association on Sunday, the NOAB said in a press release. On behalf...

Bid to import sugar, onion from India amid export ban

REZAUL KARIM | 2024-01-29 00:00:00

Amid India's ban on sugar and onion exports, Bangladesh has strengthened its efforts to secure a special permission from the neighbouring country to import the two essential commodities before the upcoming Ramadan. Officials at the Ministry of Commerce (MoC) said...

Third terminal looks at a tough takeoff in Oct

MUNIMA SULTANA | 2024-01-29 00:00:00

Starting operations at the 3rd terminal of Hazrat Shahjalal International Airport in October appears to be challenging due mostly to an acute manpower shortage and incomplete compliance measures.Officials at the Civil Aviation Authority of Bangladesh (CAAB) say they have already...

Bequests for pets instead of adult children

Neil Ray | 2024-01-29 00:00:00

An elderly woman in Shanghai, the commercial city of China, has decided to bequeath all her fortunes to her pet dogs and cats instead of her three adult children. Actually she made a will earlier, according to which the three...

Reaching target of renewable energy capacity a race against time

Syed Fattahul Alim | 2024-01-29 00:00:00

When it comes to sustainable energy policy, it is of course about switching to the non-polluting and less expensive renewable alternative. So, how far has the world progressed in that direction since the global movement for decarbonisation started? Frankly speaking,...

Jamuna rail bridge opening not before Dec

MUNIMA SULTANA | 2024-01-28 00:00:00

Easier rail communication with the northern part of the country is expected to take some more time as opening of a dedicated railway bridge over the Jamuna river will not be possible before December, sources said."We expect to open the...

Farm exports falter at customs corridors

DOULOT AKTER MALA | 2024-01-28 00:00:00

Umpteen hindrances, mostly on customs corridors, hold back farm exports like fresh fruits and vegetables and thus blight enormous potential for Bangladesh's export diversification aimed at enhancing foreign-exchange earnings.Agro-exporters allege both tariff and non-tariff barriers, complexities in customs procedures, mandatory...

Loss-making Khan Brothers' rally on DSE goes unabated

Mohammad Mufazzal | 2024-01-28 00:00:00

Khan Brothers PP Woven Bag Industries surged an astonishing 975 per cent on the Dhaka Stock Exchange (DSE) since September 18 last year, with its monthly trading volume indicating investors' persistent interest in the stock.The irony is the company reported...

A Notredamian’s journey to a top US liberal arts college

Khalid Saifullah Khan Juel | 2024-01-28 00:00:00

"Although it's hard to pinpoint exactly which component(s) helped me most to stand out, I've received a lot of positive feedback about my essay from everyone who read it. They all thought that it was very intimate and depicted how...

Overcoming the barriers to decent employment for youth

Syed Nasim Manzur, Tanvir Sobhan, A K M Fahim Mashroor, Amzad Hussain, Mohammad Sahab Uddin, Nazmul Ahsan, Sayema Haque Bidisha, Selim Raihan, Shale Ahmed, Shams Mahmud, Suborna Barua, and Zahid Hussain | 2024-01-28 00:00:00

In order to deal with Bangladesh's labour market challenges and address the requirements of providing decent work, with inclusivity and in a comprehensive manner, actions will need to be taken to deal with a number of areas of concern. These...