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Life-saving medical devices must not be scarce

Syed Fattahul Alim | 2023-11-14 00:00:00

Restriction on imports due to dollar crunch has affected every sector of the economy. Even so, imports of some essential goods continue. A study shows that some 25 products made up about fifty per cent of the entire import made...

The Palestinian predicament: A philosophical examination of absent empathy

Aminul Sarwar | 2023-11-14 00:00:00

When discussing "the world," it is essential to acknowledge that within our single planet, there exists a multitude of diverse worlds. Each society possesses its unique worldview, reflecting its values, beliefs, and historical experiences. The Germans aptly describe this diversity...

MRT 1 physical work may start after June '24

MUNIMA SULTANA | 2023-11-13 00:00:00

The authorities concerned have selected 'pre-qualified contractors' for all packages of MRT-1 construction work, with a hope to start its physical work after completing necessary tendering processes by June next.The Dhaka Mass Transit Company Limited (DMTCL), the state-owned metro rail...

FE celebrates 30th anniversary

FE ONLINE DESK | 2023-11-13 00:00:00

The Financial Express (FE), Bangladesh's pioneering business daily, has celebrated its 30th anniversary at its office in Dhaka city's Purana Paltan. Marking the event, FE Editor Shamsul Huq Zahid cut a cake flanked by the corporate clients and staff of...

Tariff cuts cannot tame market as businesses make hay

DOULOT AKTER MALA | 2023-11-13 00:00:00

Tariff cuts proved a damp squib in stemming commodity-price rises as revenue authorities feel business cartels make the most of the facility meant for distraught consumers. Intended impact of the tariff readjustments is in doubt amid price rises of all...

Paper and printing industry shows signs of recovery, with rising demand

BABUL BARMAN | 2023-11-13 00:00:00

Listed paper & printing companies posted a double-digit sales growth for FY23 despite ongoing economic challenges and raw material price hikes amid a dollar crunch.The sales growth is a sign that the paper industry has been gaining back businesses that...

A book on rivers with 500 mistakes!

Neil Ray | 2023-11-13 00:00:00

Environmental and river protection activists have brought to public notice as many as 500 mistakes in a book, Bangladesher Nad Nadir Sanga and Sangkha (Definition of rivers and their number in Bangladesh) published by the National River Conservation Commission (NRCC)....

Dealing with disgruntled workers

Syed Fattahul Alim | 2023-11-13 00:00:00

The workers of the country's highest export earning sector, the Readymade Garment (RMG) Industry, have for the last few weeks been holding protest demonstrations to raise their minimum wage. At the 4th meeting of the minimum wage board (formed in...

Gas crunch hits transport operation in Ctg as CNG refuelling stations shut

NAZIMUDDIN SHYAMOL | 2023-11-12 00:00:00

CHATTOGRAM, Nov 11: Vehicular movement in the port city is facing a setback as the CNG refuelling stations here remain closed during the daytime due to the incessantly acute gas crisis in Chattogram. Due to the unavailability of gas, thousands...

Govt takes hard line against potato market manipulators

REZAUL KARIM | 2023-11-12 00:00:00

The government has decided to take stern actions against those involved in potato-market manipulation and instructed the district administrations across the country to take austere steps in this regard.The measures would be taken if the government agencies concerned find involvement...

Heavy tax liability drives away taxpayers, increases defaulters

DOULOT AKTER MALA | 2023-11-12 00:00:00

A regressive direct-tax measure discourages many who missed deadlines in previous years from submitting returns for fear of bloated tax liability as a punishment for noncompliance, be it intentional or unintentional.Many taxpayers, both corporate and individual, have said they would...

BSEC to reverse its orders that barred stocks' transfer to junk category

MOHAMMAD MUFAZZAL | 2023-11-12 00:00:00

A good number of stocks will be downgraded to junk status soon, as the securities regulator is going to lift the bar that it imposed during the pandemic on category change of listed companies. An order will be issued in...

Making SAARC functional

Asjadul Kibria | 2023-11-12 00:00:00

It was 40 years ago when the foreign ministers of the seven South Asian countries met in New Delhi to adopt the declaration of 'South Asian Regional Cooperation' (SARC). At the meeting held in August 1983, they also adopted the...

The pains of Partition in memoirs

Helal Uddin Ahmed | 2023-11-12 00:00:00

The people of the Indian subcontinent faced a new situation following the 1947 Partition along religious lines. Achieving freedom after almost 200 years of the British colonial rule, the people of East and West Bengal thereafter became entangled in two...

Some thoughts on Sustainable Development Goals

Salehuddin Ahmed | 2023-11-12 00:00:00

Nobel laureate Bengali poet Rabindranath Tagore, in his poem nearly 89 years ago, lamented about the ill effects of environmental degradation on human beings.In his poem 'Prashna', Tagore wrote:['Today, my voice is choked, my flute is tuneless,/The prison of moonless...

Much money leaks thru price fixing as transfer pricing law bends

Doulot Akter Mala | 2023-11-12 00:00:00

A decade has elapsed in neglect by now since Bangladesh introduced the Transfer Pricing (TP) law aimed at checking illegal profit shifting through cross-border transactions. Unfortunately, the fiscal measure has been kept ineffectual until now. The revenue authority could not...

Valuing honesty in long-term growth

Syed Abul Basher and Salim Rashid | 2023-11-12 00:00:00

Universities have an important role in helping students understand the difference between doing things for quick, personal benefits and making choices for long-term goodness and morality. They should teach students to think about the future, encouraging actions that are good...

Regaining macroeconomic stability: how and when

Rizwanul Islam | 2023-11-12 00:00:00

It has been more than a year since the economy of Bangladesh started to face the current phase of macroeconomic instability. The story is familiar. A sharp rise in trade deficit combined with the slow growth of remittances put pressure...

The state of economic globalisation

Hasnat Abdul Hye | 2023-11-12 00:00:00

Needless to say, globalisation has many dimensions of which the economic one is the cutting-edge, underpinning the rest. That the nomenclature embodies movement of goods, capital, manufacturing and technology is also well-known. Of these the first one, movement of goods...

Saudi firm in soon, foreigners to operate more terminals

SYFUL ISLAM | 2023-11-11 00:00:00

Deal with Saudi company Red Sea Gateway Terminal (RSGT) is expected shortly to run the newly built Patenga Container Terminal (PCT) and more porting facilities in Bangladesh are up for foreign operators, sources say.Meanwhile, negotiations on the agreement between Chittagong...

Factories start commercial production in Bangabandhu Shilpa Nagar

NAZIMUDDIN SHYAMOL | 2023-11-11 00:00:00

CHATTOGRAM, Nov 10: Factories in Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) at Mirsarai Economic Zone (MEZ) in the port city of Chattogram has started commercial production. The first consignment of exports has gone from the Shilpa Nagar.China-owned KPST Su (BD)...

Navigating inflation-induced supply chain challenges

Mohammad Ashraful Islam Khan | 2023-11-11 00:00:00

Inflation has become a pressing concern in Bangladesh, echoing the challenges experienced by numerous other countries in South Asia and beyond. According to data from Bangladesh Bank, the point-to-point inflation rate reached 9.92 per cent in August 2023. This surge...

A great asset class for risk-averse investors

Abul Ahsan Ahmed | 2023-11-11 00:00:00

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

When World Cup Cricket is at its best

Nilratan Halder | 2023-11-11 00:00:00

If cricket has ever remained a team game, unlike tennis, that myth was shattered on Tuesday last. And it was done in a manner that will be etched in golden letters in the history book of cricket. Glenn Maxwell was...

Gender gap, sexual harassment, and economic retardation

Muzahida Tasbiha and Abdullah Dewan | 2023-11-11 00:00:00

Discrimination in employment and in workplaces under any labeling is a degradation of human spirits and capabilities to pursue activities for self-actualisations and societal cause and effect. Discriminatory environment results in economic retardation–a situation in which an economy progresses with...

PM inaugurates Matarbari channel, lays foundation of port tomorrow

NAZIMUDDIN SHYAMOL | 2023-11-10 00:00:00

CHATTOGRAM, Nov 09: Prime Minister Sheikh Hasina will inaugurate the Matarbari deep-sea port channel at Moheshkhali in Cox's Bazar tomorrow (November 11).She will also lay the foundation stone of the first terminal of the new seaport the same day.On Thursday,...

Daily ridership averages just above 100,000

MUNIMA SULTANA | 2023-11-10 00:00:00

Daily passengers have averaged over 100,000 on the entire Uttara-Motijheel metro-rail corridor since the opening of the Agargaon-Motijheel part on Sunday.According to official data of Dhaka Mass Transit Company Ltd  (DMTCL), ridership on the MRT 6 was 93,104 on the...

Renewing faith in fair, objective journalism

Shamsul Huq Zahid | 2023-11-10 00:00:00

The Financial Express (FE), Bangladesh's oldest and largest-circulated business daily, steps into the 31st year of its publication today with a renewed commitment to fair and objective journalism.The FE has been fortunate to receive unwavering support and patronage from its...

Investors at risk of losing out of Sea Pearl bond conversion

Babul Barman | 2023-11-10 00:00:00

Investors of Sea Pearl Beach Resort & Spa may lose their profit partially, as the company is going to convert 20 per cent of its bonds worth Tk 3.25 billion into ordinary shares.The Investment Corporation of Bangladesh (ICB), which had...

A year after introduction of new education curriculum

Nilratan Halder | 2023-11-10 00:00:00

The academic year 2023 for schools ---both primary and secondary---is drawing to a close. But how this will end is of serious concern. Confrontational politics apart, the new school curriculum introduced post-haste has presented unforeseen problems for evaluation of student...