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MPS: Will it be able to curb inflation?

Asjadul Kibria | 2024-01-21 00:00:00

To continue the fight against inflation, Bangladesh Bank has adopted the tight monetary stance applicable for the last half of the current fiscal year (FY24). The announcement of the new monetary policy last week came with a moderate hike in...

Commerce to secure sugar for Ramadan

REZAUL KARIM AND YASIR WARDAD | 2024-01-20 00:00:00

Subsidised sugar sales for ten million families during the upcoming Ramadan, the holy month of fasting for Muslims, are in doubt after the commerce ministry failed to procure the required quantity from the international market.The ministry recently requested "immediate purchase"...

Forex crisis forces power cos to seek govt dollar bailout

SYFUL ISLAM | 2024-01-20 00:00:00

A heightened dollar crisis forces a growing number of companies to seek finance ministry's intervention to arrange the greenback and help avert default on loan repayment, officials said.State-run power-producer B-R Powergen Ltd, the owner of 150-megawatt dual-fuel power plant at...

Winter comes with precious gifts for people

Nilratan Halder | 2024-01-20 00:00:00

The winter in this part of the world is not particularly cruel. This year, however, belying the met office prediction, the winter has become chillier than it has been over the years. Unlike the countries in the western hemisphere and...

Sustainability in the Asia-Pacific region

Md Touhidul Alam Khan | 2024-01-20 00:00:00

In an era defined by heightened awareness of environmental, social, and governance (ESG) considerations, businesses are undergoing a profound shift in their strategic outlook. No longer confined to profit-centric models, companies are recognising the imperative to contribute to the greater...

Ctg lighterage ship booking dispute resolved as automated system in place

NAZIMUDDIN SHYAMOL | 2024-01-19 00:00:00

CHATTOGRAM, Jan 18: The dispute over booking lighterage ships from Chittagong port to different routes across the country has been resolved, with the Department of Shipping issuing new directives and forming a committee to oversee the process. The dispute, which...

Redesigning distribution of accumulated wealth

Nilratan Halder | 2024-01-19 00:00:00

Belying the hope and expectation of people who wish human beings the world over well, the privileged everywhere have turned ever more ruthless in usurping profits on money they invested. A report compiled by the international charity Oxfam presents a...

The irony of the genocide case against Israel

Hasnat Abdul Hye | 2024-01-18 00:00:00

The irony of the case of genocidal acts and intent brought against Israel by South Africa before the International Court of Justice (ICJ) is obvious. The Genocide Convention was the first human rights treaty adopted by the General Assembly of...

How wintry weather shows the divide

Atiqul Kabir Tuhin | 2024-01-18 00:00:00

In tune with the seasonal cycle, the cold winter wind blows with all its severity and might. Both the rich and the poor are affected and make preparations to brave the winter in their own way. This is the time...

Trump, indictments and American democracy

Syed Badrul Ahsan | 2024-01-18 00:00:00

American democracy can be quite perplexing. Here we are, people who inhabit countries away from America and yet are interested in how its politics shapes out, especially through a regular four-year cycle. Donald Trump has just won 51 percent of...

Move to thwart money laundering thru cross-border transactions

SYFUL ISLAM | 2024-01-17 00:00:00

Bangladesh's securities regulator moves to join a global drive to prevent alleged money laundering through cross-border transactions involving securities, derivatives and other financial instruments, amid heightened incidence of fund flows. Under a global compact, the offensive will be conducted through...

Handset authentication restarts as mobile-making hits a record low

ISMAIL HOSSAIN | 2024-01-17 00:00:00

Bangladesh's mobile-phone manufacturing reached a six-month low in December 2023, with factories operating at just 50-60-percent capacity. As key reasons for the slump, industry insiders cited declining customer purchasing power due to inflation and a growing grey market of mobile...

Its redemption sets example for other electricity generators

MOHAMMAD MUFAZZAL | 2024-01-16 00:00:00

Investors have begun to see redemption of a listed subordinated bond issued by Ashuganj Power Station Company, fueling optimism surrounding the secondary market of debt securities. This is the first time a listed bond floated by an energy company is...

Govt seeks details on winding up of JB subsidiary in Italy

REZAUL KARIM | 2024-01-16 00:00:00

The government has asked Janata Bank (JB) to provide a tentative schedule for winding up the operations of its subsidiary, Janata Exchange Company (JEC), in Italy.The state-owned bank has also been asked to explain whether the closure of the exchange...

How safe is our bottled water?

Syed Fattahul Alim | 2024-01-16 00:00:00

From a study by the prestigious US-based non-profit, National Academy of Sciences (NAS), it has been revealed that just a litre of bottled water contains hundreds of thousands of microscopic fragments of plastic particles, microplastics, of sizes below one micrometre...

Worsening crisis in the Red Sea

Syed Fattahul Alim | 2024-01-15 12:00:00

After Friday's airstrikes by the US and the UK on Houthi positions in Yemen, the US targeted the Houthi's radar sites in, what it (US) termed a follow-on strike on Saturday. Meanwhile, the US president is learnt to have sent...

Ship-breaking industry comes to near standstill

NAZIMUDDIN SHYAMOL | 2024-01-15 00:00:00

The ship-breaking industry in Chattogram, which used to be a major supplier of raw material for the steel industry in Bangladesh, has come to a near standstill due to various crises. These crises include a shortage of dollars, the imposition...

DEE toll modest Tk307m as mainly cars drive

MUNIMA SULTANA | 2024-01-15 00:00:00

Bangladesh's maiden elevated expressway has earned a modest Tk 307 million from tolls as private cars mainly ply the overhead road since partial opening of its Airport-Tejgaon section four months ago.By office count, cars account for an overwhelming 98 per...

New Zealand beat Pakistan by 21 runs in 2nd T20

Hosts lead 5-match series 2-0 | 2024-01-15 00:00:00

HAMILTON, New Zealand, Jan 14 (AFP): Pace bowler Adam Milne claimed four wickets as New Zealand beat Pakistan by 21 runs in the second Twenty20 international Sunday to take a 2-0 series lead.The tourists threw away a strong position in...

Struggles of homeless people against wintry chill

Neil Ray | 2024-01-15 00:00:00

The problem of homelessness is confronting not only developing countries like Bangladesh but also rich and advanced nations such as the United States of America and the United Kingdom. The ugly contrast of poor mortals huddling under blankets in passenger...

BSEC, IDRA lock horns over number

ISMAIL HOSSAIN | 2024-01-14 00:00:00

The Bangladesh Securities and Exchange Commission (BSEC) and the Insurance Development and Regulatory Authority (IDRA) are at odds over the number of independent directors on the boards of listed companies.The disagreement between the capital-market regulator and the insurance sector regulator...

Regulator to probe Popular Life to see if it committed fund leaks

Mohammad Mufazzal | 2024-01-14 00:00:00

The securities regulator has begun an investigation into Popular Life Insurance to find out if it is responsible for any fund misuse and to trace its assets and investments, provoked by auditor's financial review. Examining the company's audited financial statements,...

Estimating primacy of cash in the economy

Asjadul Kibria | 2024-01-14 00:00:00

There has been a lot of hype to build a 'cashless society' in Bangladesh for the last few years. The increased use of debit, credit and pre-paid cards has made online transactions easier. Besides this, electronic transfer of money has...

Actions & reforms to ensure clean energy for all

A K Enamul Haque, Sakib Bin Amin, Abul Kalam Azad, Anu Muhammad, Badrul Imam, Humayun Rashid, M Tamim, Md Shamsul Alam, Moshahida Sultana, Shafiqul Alam, and Shahriar Ahmed Chowdhury | 2024-01-14 00:00:00

Bangladesh has initiated various reform initiatives at different times since its independence with a view to strengthening its energy sector. However, there are a number of concerns and controversies which have informed this journey. Some of these were discussed in...

Elephants losing sanctuary in Chattogram forests, hills

NAZIMUDDIN SHYAMOL | 2024-01-13 00:00:00

CHATTOGRAM, Jan 11: Wild elephants are losing sanctuary in the forests and hills of Chattgogram region which are on the wane due to different human interventions.The forests here are being denuded of trees and hills because of their indiscriminate cutting...

China loan snag threatens Padma rail link funding

MUNIMA SULTANA | 2024-01-13 00:00:00

Despite the completion of rail-track work on the Padma Bridge, the Padma Bridge Rail Link Project now faces financial challenges. A portion of a $228 million Chinese loan may be withheld due to Bangladesh Railway's inability to complete some major...

Govt to build rail ICD in Ghorashal

SYFUL ISLAM | 2024-01-13 00:00:00

The government is going to build another inland container depot (ICD) to facilitate the movement of rail-based containerised cargoes in the country, officials said.The depot would be built in Ghorashal railway station area of Narsingdi district on Design-Build-Finance-Operate-Maintain-Transfer (DBFOMT) mode...

Majority macro-indicators signal significant challenges

JASIM UDDIN HAROON & REZAUL KARIM | 2024-01-13 00:00:00

Majority macro-indicators of Bangladesh's economy signal significant challenges facing the new government that economists attribute to persisting global and local adversities as well as turbulent internal political transition. As many as six out of nine key economic indicators prepared by...

Eradicating the curse of child marriage

Abul Quasem Haider | 2024-01-13 00:00:00

Child marriage is a major social disease in our country. It has been going on in the society for a long time. According to the related law of our country, if a woman is married before reaching the age of...

From charuivati to picnic to safari in resorts or eco parks

Nilratan Halder | 2024-01-13 00:00:00

Charuivati or charaivati, what a sweet word it is! Its resonance is nowhere to be found in its English counterpart picnic. Who says what matters with a name or a word? The other Bangla word for charuivati is bonbhojon. Any...