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Public's spending-habit on hygiene

Syed FattahulAlim | 2023-10-31 00:00:00

In 2020, to ward off the Covid-19 pandemic, members of the public spent more on personal hygiene than before. And with increased awareness about cleanliness, use of soap and disinfectants also saw a marked increase at that time. Obviously, well-off...

Fixing fiscal risks begins

SYFUL ISLAM | 2023-10-30 00:00:00

Assessing potential financial risks in achieving excellence in Bangladesh government's fiscal management attuned with international best practices begins with IMF tips, officials said.The Ministry of Finance (MoF) has started the arduous exercise with the International Monetary Fund (IMF) extending technical...

Inauguration of Akhaura-Agartala and Khulna-Mongla rail tracks on Nov 01

MUNIMA SULTANA | 2023-10-30 00:00:00

The country's railway network is set to see a major breakthrough next month as three more newly-constructed rail tracks will be inaugurated from Akhaura to Agartala and Khulna to Mongla on November 1 along with the launch of the first...

Economic fallout of confrontational politics

Neil Ray | 2023-10-30 00:00:00

The country has once again slid into confrontational politics of the worst form. But can the country weather the rough patches likely to extend up to the first or second week of January next year? Already battered, the economy is...

Cushioning economy against Middle Eastern conflict

Syed Fattahul Alim | 2023-10-30 00:00:00

Hardly had the world economy started looking up following the Covid pandemic and the war of attrition between Moscow and Kiev losing its tempo than the Hamas-Israel war broke out. While many are more interested in the day-to-day development of...

ACI in the red in FY23, weighed down by losses of 2 subsidiaries

Mohammad Mufazzal | 2023-10-29 12:00:00

Advanced Chemical Industries (ACI) endured a consolidated loss of Tk 493.96 million in FY23 as two subsidiaries wiped out the profit made by the parent company. ACI Ltd bagged a profit of Tk 1.76 billion in FY23 out of its...

10 years after GSP suspension, TICFA signing

Asjadul Kibria | 2023-10-29 00:00:00

This year marks the tenth anniversary of two important issues in bilateral economic relations between Bangladesh and the United States of America (USA). First, the US suspended the Generalised System of Preference (GSP) programme for Bangladesh on June 27, 2013....

Yet another infrastructural milestone

NAZIMUDDIN SHYAMOL | 2023-10-28 00:00:00

'Bangabandhu Sheikh Mujibur Rahman Tunnel, a dream project of the people of Bangladesh is a reality now. The tunnel, the first under-the- river one in South Asia, emerges as yet another infrastructural milestone. Prime Minister Sheikh Hasina inaugurates the tunnel...

Moscow proposes food sales to Dhaka for fourth time this yr

REZAUL KARIM | 2023-10-28 00:00:00

Russia is proposing to sell food products to Bangladesh for the fourth time this year, according to commerce ministry sources, in an effort to diversify its export market amid sanctions imposed by the West over its invasion of Ukraine.In a...

Underwater tunnel in Ctg gets going

MUNIMA SULTANA | 2023-10-28 00:00:00

A maiden underwater transport tunnel in Bangladesh, or in South Asia for that matter, formally opens today in Chattogram to establish unbroken road link ultimately running beyond borders. Officials, builders and beneficiaries appear upbeat about the potential benefits of the...

Govt focuses on mobilising more climate funds

SYFUL ISLAM | 2023-10-28 00:00:00

The government has called on relevant ministries to step up efforts to mobilise more climate change funding from both foreign and domestic sources, officials said.At a meeting with key ministries involved in climate change fund management on Wednesday, the finance...

Metro rail is expected to trigger a paradigm shift in commute

Nilratan Halder | 2023-10-28 00:00:00

While Dhaka City's traffic system has earned the notoriety of becoming highly taxing and the slowest in the world, the inhabitants of the city pin their hope on the metro rail already in operation between Uttara and Agargaon to leave...

Unraveling the minimum wage conundrum in the RMG sector

Md Deen Islam | 2023-10-28 00:00:00

The ready-made garment (RMG) industry in Bangladesh stands as a cornerstone of the nation's economy, accounting for over 80 per cent of total exports and providing employment to more than four million people. However, on the other side of the...

All that goes in the name of development

Nilratan Halder | 2023-10-27 12:00:00

A school with dormitories for students, teachers and employees built on 12-acre land could not be run in the past 18 years, reveals a report carried in a leading Bangla contemporary on Wednesday. The location of the school is on...

Aromatic rice exporters suffer blow as govt 'abruptly' bans export

REZAUL KARIM AND YASIR WARDAD | 2023-10-27 00:00:00

Bangladesh has imposed an indefinite ban on all kinds of rice exports, including aromatic varieties, just three months after giving permission for it. The decision has been taken as a precautionary measure to ensure better food security in the country....

Government may scrap, cut contentious fiscal measures

DOULOT AKTER MALA | 2023-10-27 00:00:00

A couple of much-debated fiscal measures taxing private provident fund and foreign-debt payments may soon be recast, officials said, as the former is dubbed "discriminatory" and the latter burdensome on debt servicing.Considering demands from both individual and corporate taxpayers, the...

Germany: From Adenauer to Scholz

Syed Badrul Ahsan | 2023-10-26 12:00:00

Germans observed the anniversary of the reunification of their country earlier this month. When in October 1990, the Federal Republic of Germany and the German Democratic Republic came together as a single country again, it was once more proof of...

US apprehends BD polls may stall reforms

REZAUL KARIM | 2023-10-26 00:00:00

The United States apprehends that the upcoming general election in Bangladesh may stall pursuance of different ongoing correctives, including labour reforms and investment policies."We hope to continue utilizing the TICFA Council as the primary mechanism to engage on labor-law reform,...

Countervailing duty on jute goods?

Khalid Saifullah | 2023-10-26 00:00:00

Jute, a versatile natural fibre, has long been a cornerstone of Bangladesh's industrial landscape. The industry, in recent years, has been facing a crisis due to various obstacles in exports posed by India. Jute has already been under anti-dumping since...

Two solar plants of 310MW set to get nod

SYFUL ISLAM | 2023-10-25 00:00:00

Two more solar power plants with a total generation capacity of 310 megawatt in Jamalpur and Munshiganj are set to get approval soon, officials have said.The proposal-processing committee under Power Division recently finalised the tariff rate for the plants and...

Square Pharma rises above peers, passing tests of tumultuous time

MOHAMMAD MUFAZZAL | 2023-10-25 00:00:00

Square Pharma stands out among the drug makers, having successfully navigated economic storms of FY23 with efficient inventory management and non-operating income. While currency devaluation, pricier raw materials, and energy price hikes ate up huge chunks of profits, leading to...

War and peace: the Western perspective

Hasnat Abdul Hye | 2023-10-25 00:00:00

The West, represented by America and Western Europe, has gone through two world wars that took a heavy toll of their people and wreaked havoc on their economies inflicting immense misery. After the end of the Second World War, shuddering...

Sustainably irrigating rice fields

Syed Fattahul Alim | 2023-10-24 00:00:00

Rice being the staple diet of the Bengali people, farmers here use 75 per cent of their cultivable land for growing this crop. Since rice cultivation is water-intensive, even in the past when modern irrigation technology was not introduced, farmers...

Ctg gas crunch hampers industries, households

NAZIMUDDIN SHYAMOL | 2023-10-23 00:00:00

CHATTOGRAM, Oct 22: The supply of gas to port city Chattogram was hampered on Saturday and Sunday, causing widespread disruption to people's lives.The Karnaphuli Gas Distribution Company Limited (KGDCL) was forced to suspend gas supplies to domestic users and businesses...

Ominous sign of further market volatility

Neil Ray | 2023-10-23 00:00:00

The news of heating up of the rice market could not come at a worse time. Food inflation last month was 12.37 per cent ---slightly less than the 12.54 per cent in August, a record rise in 12 years. Within...

To keep wheel of economy turning

Syed Fattahul Alim | 2023-10-23 00:00:00

In the wake of the war in Ukraine, oil price skyrocketed to more than US$120 per barrel. However, the release of the Strategic Petroleum Reserves of the US and the European Union (EU)'s embargo followed by the imposition of a...

Importance of a technology procurement negotiator

Mohammad Aminul Hoque Sarwar | 2023-10-23 00:00:00

In today's rapidly evolving financial services industry, the art of negotiation has taken on a whole new level of complexity, especially in technology procurement. As technology continues to redefine traditional financial models, organisations must adeptly navigate the procurement process to...

Dhaka, Delhi sit in consultation Oct 30

REZAUL KARIM | 2023-10-22 00:00:00

Dhaka and Delhi are set to sit in a consultation on October 30 for argument and counter-argument on the proposed Indian imposition of countervailing duty (CVD) on jute goods.In the meeting, both parties will hammer home their own strong points...

When hope for capital expansion lures investors into small-cap stocks

MOHAMMAD MUFAZZAL | 2023-10-22 00:00:00

Libra Infusions was the number one gainer last week with an appreciation of 27.53 per cent on the Dhaka Stock Exchange (DSE).Apart from this company, many small-cap companies having weak fundamentals have exhibited abnormal price hikes in the mostly stagnant...

Adopting correct policy to encourage FDI

Asjadul Kibria | 2023-10-22 00:00:00

Bangladesh has long been trying to attract a higher amount of FDI. Various policy measures and fiscal incentives have gone into alluring foreign investors. The country's investment policy opens up all but four sectors for outside private investment. The policy...