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Stocks end flat for third session

FE REPORT | 2022-03-17 00:00:00

Stocks witnessed another flat session Wednesday as investors followed a 'go-slow' approach amid ongoing year-end dividend declarations and possible adverse impact of the Russia-Ukraine war on the country's economy.DSEX, the key index of the Dhaka Stock Exchange (DSE), saw a...

Mujib's school years

Sayyid A Karim | 2022-03-17 00:00:00

As the oldest son in a patriarchal family Mujib was showered with love and affection, but at the same time, much was expected of him. He had to act as a role model for other children in the family. Middle...

Bangabandhu penned a nation's epic

Syed Badrul Ahsan | 2022-03-17 00:00:00

How do I remember Bangabandhu? I remember him in a thousand and one ways.I remember him in the same way that a grateful Bengali nation does and will always do. And yet there has been that certain way in which...

Construction of monetary conditions index & implications

Md Rashel Hasan, Raju Ahmed, Md. Habibour Rahman and Mahmud Salahuddin Naser | 2022-03-17 00:00:00

The monetary conditions index (MCI) combines the effect of interest rates and exchange rates in a single indicator and can be used for assessing the overall monetary policy stance. This paper attempts to construct MCI for Bangladesh for the period...

Needless honking of vehicles

2022-03-17 00:00:00

Whenever we go out of our home, we notice a plethora of nuisances on the roads. And one of them is unnecessary honking particularly by buses and motorcycles. Teenagers and even adults use horns unreasonably. They do not care whether...

CSR for businesses

2022-03-17 00:00:00

The government alone cannot resolve all issues. Under the concept of corporate social responsibility (CSR), it becomes the duty of businesses to stand by the people. So far it has been encouraging to see big companies and banks contributing to...

Ensuring easy loan for student

2022-03-17 00:00:00

Every year, the students who pass Higher Secondary Certificate (HSC) examination have to face a harsh competition to get them enrolled in public universities. On average, more than 30-40 admission seekers have to vie for one university seat. In most...

Streamlining VAT collection system

Jehangir Hussain | 2022-03-17 00:00:00

Over Tk1.50 trillion in value-added tax (VAT) remains out of net every year for weaknesses and loopholes in the collection system, still far off automation. No wonder, feel economists, efforts of the government to increase revenue receipts go in vain...

Ukraine war to render food security fragile

Mahmudur Rahman | 2022-03-17 00:00:00

The government has a double whammy on its hands neither of its choosing. The first equation was about re-starting the economy while balancing the massive number of those that went from being middle-class to the poverty level. By any stretch...

Preference for eco-friendly concrete blocks

2022-03-17 00:00:00

A quiet revolution is taking place in the country's construction sector. With the concrete blocks including their hollow variety replacing the traditional bricks, the concept of constructing infrastructure, residential buildings and other accommodations in particular, will change forever. The case...

Shipbuilding in Bangladesh: opportunities & challenges

Helal Uddin Ahmed | 2022-03-17 00:00:00

Shipbuilding in Bangladesh can be traced to the medieval era that underwent gradual expansion during the British colonial rule. At the start of the new millennium, Bangladesh already had a basic shipyard industry and availability of skilled workers. According to...

Global Covid cases near 460m

2022-03-16 12:00:00

The overall number of Covid cases is rapidly approaching 460 million as the pandemic enters into its third year, report agencies.According to Johns Hopkins University (JHU), the total case count mounted to 459,636,458 while the death toll from the virus...

Suspicious transactions rife

FE REPORT | 2022-03-16 12:00:00

Suspicious financial transactions and activities increased significantly in the last fiscal in Bangladesh, mainly as "fraudulent activities" in e-commerce and multi-level marketing (MLM) businesses saw a spurt.Such irregularities are evident in the Bangladesh Financial Intelligence Unit (BFIU) annual report for...

Obituary of Md AB Siddique Sarker

2022-03-16 12:00:00

Md AB Siddique Sarker, Kurigram district business representative of the Financial Express and editor of the weekly Kurigram Barta, died of heart attack on Sunday in a city hospital. He was 62, says a statement. He left behind two sons,...

Authentic data for policy framing and planning

Wasi Ahmed | 2022-03-16 12:00:00

Dearth of data, let alone updated and accurate data, has often been cited as a problem by researchers critically impeding assessment of various socio-economic situations in the country. While there is no denying this fact, it is also almost impossible...

Increasing value addition to woven garments

2022-03-16 12:00:00

Its robust comeback after the pandemic notwithstanding, the country's flagship export, the Readymade Garment (RMG), is learnt to be up against new challenges. Mostly affecting the woven garment, rather than the knitwear, the challenges, as reported, consist basically in the...

Most Japanese cos want bilateral FTA with BD

Munima Sultana | 2022-03-16 00:00:00

Most local firms and the Japanese companies operating in various sectors in Bangladesh are in favour of signing a free trade agreement (FTA) between the two countries for maintaining competitiveness in both exports and imports.Some 85 per cent of the...

City Corporation conducting an eviction drive

2022-03-16 00:00:00

Dhaka South City Corporation conducting an eviction drive as it demolishes illegally-built shops of Nimtoli Municipal Market at Fulbaria in the city on Tuesday — FE photo

10 individuals, one institution nominated for Independence Award

2022-03-16 00:00:00

The government has finalized the names of 10 noted personalities and one institution for Independence Award-2022 for their glorious and remarkable contributions to the national level, reports BSS.The Cabinet Division today declared the names of the Independence Award recipients in...

BGMEA urges TCB spl sales for workers

FE Report | 2022-03-16 00:00:00

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Tuesday reiterated its demand for stable policy supports for at least five years - mainly to help attract investment and create employment."During the last two years exports declined, while the RMG...

Farmers need tech, policy support

FE REPORT | 2022-03-16 00:00:00

Experts and stakeholders have stressed empowering and grooming the next-generation farmers with policy support and equipping them with advanced technology for the development of the agriculture sector.They also suggested major interventions in the sector that include climate adaptation, public-private partnership...

HC questions BB circular

FE REPORT | 2022-03-16 00:00:00

The High Court (HC) questioned on Monday a circular of the Bangladesh Bank (BB) that had asked the non-bank financial institutions (NBFIs) to adjust their capital market investment without providing any reasonable period of time. The court issued a rule...

HC orders action against hoarding

FE REPORT | 2022-03-16 00:00:00

The High Court orders appropriate legal action against all kinds of hoarding of essentials as a tide of price rises hits consumers hard. In its ruling issued Tuesday on a public-interest litigation, the court directed government's home ministry in particular...

World Consumer Rights Day

2022-03-16 00:00:00

The Directorate of National Consumers Right Protection brings out a procession from the Osmani Memorial Auditorium in the capital on Tuesday, marking the World Consumer Rights Day — FE photo

BD taxation system benefits political elite, target groups

FHM HUMAYAN KABIR | 2022-03-16 00:00:00

Bangladesh's current taxation system confronts major challenges in upgrading tax-base as it plays into the hands of political elites and provides special benefit to some target groups, says a policy paper.Citing outcome of a research, the policy document says as...

Prayer Timings (2022-03-16)

2022-03-16 00:00:00

BB asks banks to deposit 'unclaimed' div into its account

MOHAMMAD MUFAZZAL | 2022-03-16 00:00:00

Bangladesh Bank (BB) has asked the listed banks to deposit 'unclaimed' dividends into the central bank's account in line with a provision of the Bank Companies Act, 1991.As a result, the listed banks will have to deposit unclaimed dividends into...

BSEC chief sets Mar 31 deadline

FE REPORT | 2022-03-16 00:00:00

The securities regulator will take stern action against the issuers who will fail to deposit investors' unclaimed or undistributed dividends into the capital market stabilisation fund (CMSF) by March 31, 2022. Chairman of the Bangladesh Securities and Exchange Commission (BSEC)...

Saudi FM in city on two-day tour

FE REPORT | 2022-03-16 00:00:00

Saudi foreign minister Faisal Bin Farhan Al Saud arrives in Dhaka on a two-day official visit.His Bangladesh counterpart Dr AK Abdul Momen received him at Hazrat Shahjalal International Airport on Tuesday afternoon.According to officials concerned, multiple memoranda of understanding, including...

BD sees zero Covid death

FE REPORT | 2022-03-16 00:00:00

Bangladesh reported zero death from Covid-19 on Tuesday after more than three months, with the virus test positivity rate declining further to 1.54 per cent.Previously, zero fatality was reported in the country on December 9, December 4, November 20 and...