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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...

Industrial physics & economic prosperity

Abdullah A. Dewan and Mia M. Nasimullah | 2023-10-22 00:00:00

"Industrial physics is the application of physics knowledge and principles to the design and manufacturing of products," said Steven Lambert, APS Industrial Physics Programme Manager (APS: American Physical Society). "The success of modern technology is built upon a foundation of...

Hailed for streamlining e-commerce, now a major hurdle for entrepreneurs?

REZAUL KARIM | 2023-10-21 00:00:00

Obtaining digital business identification has turned out to be the main obstacle to the country's e-commerce sector, alleged the e-Commerce Association Bangladesh (e-CAB), as it sought urgent steps from the commerce ministry to ease the registration process. In a letter...

BTRC to award licence for alternative credit scoring

ISMAIL HOSSAIN | 2023-10-21 00:00:00

The Bangladesh Telecom Regulatory Commission (BTRC) is planning to create a new licence category for alternative credit scoring -- the process of assessing someone's creditworthiness using non-traditional data, such as payment history for utilities or mobile phone bills. BTRC thinks...

Master plan for Bay Terminal finalised, soon to be placed for PMO approval

SYFUL ISLAM | 2023-10-21 00:00:00

The construction of the Bay Terminal in Chattogram is now making headway, with the shipping ministry finalising the master plan last week, officials said.According to them, it will be sent to the Prime Minister's Office (PMO) soon for approval.The Chittagong...

Simple measures for big change

DOULOT AKTER MALA and SHAHMINA ISHA MANNAN | 2023-10-21 00:00:00

Participation of women in formal businesses is still poor in Bangladesh. Many of the women entrepreneurs refrain from entering the trading or manufacturing sector as they incur higher cost of doing business than that of their male counterparts. It is...

Is there any chance of ME conflict escalating far and wide?

Nilratan Halder | 2023-10-21 00:00:00

US President Joe Biden did not wait long for declaring his solidarity with Israel following the war that broke out between Hamas and the Jewish state. Prime Minister of the United Kingdom (UK), Rishi Sunak took more than a week...

Automatic VIC sans backed-up measures will be useless

Nilratan Halder | 2023-10-20 12:00:00

The inauguration of the country's first automatic vehicle inspection centre (VIC) at the Bangladesh Road Transport Authority's Mirpur office on Thursday has the potential to be a milestone achievement in terms of the BRTA's capability. This infrastructural addition to the...

Land acquisition, utility issues slow construction

MUNIMA SULTANA | 2023-10-20 00:00:00

The construction of Dhaka's second high-speed elevated expressway -- the Dhaka-Ashulia Elevated Expressway -- is progressing slightly behind the target, with 9.5 per cent of work completed nearly a year after the construction began.Project officials pointed the finger at a...

Govt mulls seasonal taxing of essentials

DOULOT AKTER MALA | 2023-10-20 00:00:00

Now the government mulls over introduction of 'seasonal tariffs' on import of agricultural commodities to ensure fair prices to the farmers and tame the sky-rocketing prices at the consumer end.The Ministry of Agriculture (MoA) would prepare product-wise calendar on production...

Behind the public persona

Syed Badrul Ahsan | 2023-10-19 12:00:00

Dara Shikoh, the Mughal prince who should have succeeded his father, the Emperor Shah Jahan, on the throne but for the machinations and murderous instincts of his younger brother Aurangzeb, was an erudite man. He was a scholar, delving into...

Frequent flyers on customs' radar as gold smuggling rises

DOULOT AKTER MALA | 2023-10-19 00:00:00

Customs has detected a tactic used by a section of people involved in the gold business to smuggle in the precious metal by flying frequently abroad and returning.The Dhaka Customs House (DCH) has identified a recent surge in the number...

Bangladesh economy facing headwinds

Hasnat Abdul Hye | 2023-10-19 00:00:00

The International Monetary Fund (IMF) in its latest update has said the world economy is limping. This assessment is the aggregate of economic performances of all countries — developing, developed and emerging. Bangladesh as a developing country, recently elevated to...

Systematic investment plan: A tool engendering enthusiasm in MFs

MOHAMMAD MUFAZZAL | 2023-10-18 00:00:00

Both the securities regulator and asset managers see Systematic Investment Plan (SIP) as a tool to help grow the mutual fund sector, with the scheme showing some success by bringing in funds from small investors. The investment vehicle that encourages...

Can MFS mitigate the financial inclusion divide for unserved citizens?

Nusrat Sharmin Jemima and Najmul Hasan | 2023-10-18 00:00:00

Underserved communities, such as those living in hard-to-reach areas, encounter a wide range of inequalities, notably the technological divide compared to the mainstream population. Financial inclusion for all is a major drawback, among other factors, although it has been seen...

A serene open library in the midst of chaotic Dhaka

KHALID SAIFULLAH KHAN | 2023-10-18 00:00:00

Open Libraries bear cultural significance in society, and so does the one that exists at the centre of the city of Dhaka-at the entry of Suhrawardy Udyan, on the southwest of Raju Memorial Sculpture, or as people say, TSC. The...

Smartcard programme faces setback for lack of databases

REZAUL KARIM | 2023-10-17 00:00:00

The government's move to introduce smartcards for the 10 million low-income families is facing a setback due to lack of required databases, sources said. Although Commerce Minister Tipu Munshi is frequently expressing his desire to distribute the smartcards as soon...

Trust Bank takes full control of Trust Axiata Digital, now opts for going slow

ISMAIL HOSSAIN | 2023-10-17 00:00:00

Trust Bank Ltd is planning to proceed 'slow and steady' after acquiring 100 per cent ownership of its subsidiary, Trust Axiata Digital Limited, a mobile financial service established by the bank in collaboration with Malaysia-based Axiata Digital Services Sdn Bhd...

Utilising youth power

Syed Fattahul Alim | 2023-10-17 00:00:00

Youths (aged between 15 and 29 years) comprise 27.9 per cent or about 28 per cent of Bangladesh's total population of 169.8 million, according to the last 'Population and Housing Census 2022'. During the release of the census data by...

Chevron Bangladesh - 28 years of moving Bangladesh forward together

Eric M Walker | 2023-10-16 12:00:00

Chevron is one of the world's leading integrated energy companies, involved in virtually every aspect of the energy industry. As a global energy provider, we have helped deliver many of society's most important advancements. We have a vital role to...

Prospect and challenges of auto gas in Bangladesh as green fuel

Engr. Mohammad Serajul Mawla | 2023-10-16 00:00:00

The transport sector is a leading contributor of carbon emission and greenhouse gas effect in any country. Equally important is that of all transport-related pollution, nearly 95 percent comes from road transport in the country.Research has even shown that vehicular...

LPG industry growth

Mohammed Saidul Islam | 2023-10-16 00:00:00

Liquefied petroleum gas (LPG) industry in Bangladesh has navigated many ups and downs in the last decade and gradually positioned itself as an alternative to natural gas. In 2022 Bangladesh imported about 1.4 million metric tonnes of LPG at its...

Updated online tax return submission portal launched

DOULOT AKTER MALA | 2023-10-16 00:00:00

The National Board of Revenue (NBR) on Sunday launched an updated online tax return submission platform to facilitate individual taxpayers to comply with the November 30 deadline.The portal would provide an extended facility this year, allowing all the taxpayers to...

IMF inquires govt efforts to expand renewable energy generation

SYFUL ISLAM | 2023-10-16 00:00:00

The push on the government to enhance clean energy generation has been growing, with fossil fuel prices having risen significantly in recent months amid their short supply caused by foreign currency scarcity, officials said.Last week, a visiting team of the...

Three held on extortion charges

Three held on extortion charges | 2023-10-16 00:00:00

SIRAJGANJ, Oct 14 (UNB): Three people were arrested on the charge of extorting Tk 0.1 million holding two college students hostage in the science college intersection area of Sirajganj's Ullapara municipality.The arrestees are Babu Talukder (39), son of Md Tipu...

Children in a society hostile to them

Neil Ray | 2023-10-16 00:00:00

In its quarterly report, the Ain O Salish Kendra (ASK), a frontline non-government legal aid and human rights body, reveals that at least 128 children were murdered in the first three months of this year. Another 225 children were subjected...

Art of using water as a climate adaptation strategy

Syed Fattahul Alim | 2023-10-16 00:00:00

The present challenge before the world is meeting the rising demand for food amid the climate-change-induced natural calamities affecting crop production. According to an estimate, pests and crop diseases destroy 20 to 40 per cent crop yield worldwide. Notably, pests...