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Commuters delighted as 11km drive takes only 10 mins

MUNIMA SULTANA | 2023-09-04 00:00:00

As the Dhaka Elevated Expressway opened partially to the public on Sunday, Dhakaites were very happy as they now can avoid hour-long notorious traffic from the Dhaka airport-to-Farmgate stretch that had plagued them for years."There's nothing better than this," said...

Some 55kg gold disappears from customs safekeeping

DOULOT AKTER MALA | 2023-09-04 00:00:00

A cache of minimum 55 kilograms of gold has gone missing from Dhaka Customs House (DCH) airport-transit vault in break-ins discovered during latest inventory stocktaking, officials said Sunday.This haul of 55 kilograms of gold--brought by air passengers and held in...

Cos with less than 30pc stake of sponsor-directors to face the music

MOHAMMAD MUFAZZAL | 2023-09-04 00:00:00

Twenty-three listed companies have been ordered to appoint at least two independent directors within 15 days, who will ensure compliance with the regulatory requirement of minimum 30 per cent joint stake of sponsor-directors in the organisations. The firms will also...

Avoidable tailbacks and public suffering

Neil Ray | 2023-09-04 00:00:00

Thanks are due to political parties for arranging rallies, procession and meetings on weekly holidays. Although not all private offices remain closed on Saturday, the usual rush hours are supposed to be more tolerable on that day than on the...

MFIs seek 12.75pc flat lending rate

ISMAIL HOSSAIN | 2023-09-03 00:00:00

Microfinance institutions (MFIs) have proposed that 12.75 per cent flat interest rate be fixed for small loans instead of the going rate of 24 per cent.The proposal came as the government has made a move to slash the interest rate...

NBR to introduce automated system soon

Doulot Akter Mala | 2023-09-03 00:00:00

Passengers arriving in or departing from Bangladesh would soon enjoy an automated system of declaring their belongings and currencies they are carrying with to the customs authorities.The simplified paperless system for the passengers travelling through air, land or sea ports...

Foreign portfolio investment: Its rise before decline over a decade

Mohammad Mufazzal | 2023-09-03 00:00:00

Foreign investors have been withdrawing more money than injecting into the Bangladeshi securities since 2018 in contrast to what had happened over the previous six years to 2012. That is the reason why the net position of foreign portfolio investment...

Challenges to implement tariff policy

Asjadul Kibria | 2023-09-03 00:00:00

The government has already endorsed and unveiled the country's first-ever tariff policy in written form. Titled 'National Tariff Policy 2023', it now becomes an official document to guide the determination of import and export tariffs. In the policy, the government...

BD mission for sugar import from Yangon

REZAUL KARIM | 2023-09-02 00:00:00

The Bangladesh mission in Yangon has suggested importing sugar from Myanmar to help mitigate the growing local demand.Sources said the Bangladesh high commission recently requested the commerce ministry to take necessary steps to this effect.It believes that the neighbouring country...

CPA won't compensate for any cargo damage

SYFUL ISLAM | 2023-09-02 00:00:00

The Chittagong Port Authority (CPA) would not entertain any compensation claim that may come from any port users against their damages due to incessant rain, followed by a severe inundation in the port areas from August 05 onwards.It had not...

City commuters avail another rapid-ride route

MUNIMA SULTANA | 2023-09-02 00:00:00

Dhaka's outmoded transport system, riddled with traffic congestion, wears another speck of new looks with the opening of Bangladesh's maiden half-built elevated expressway today. Commuters in the capital city will enjoy rapid ride on high-speed vehicles on an 11.5-kilometre roadway...

Over 85pc applicant e-com firms fail to get digital ID certification

ISMAIL HOSSAIN | 2023-09-02 00:00:00

More than 85 per cent of e-commerce companies that submitted applications for obtaining digital business identity (DBID) certification failed to get it due to 'complex provisions' set by the authority concerned. Since February last year, the DBID platform has so...

Green field creation is must for any PPP project, says M Shamsul Hoque

MUNIMA SULTANA | 2023-09-02 00:00:00

FE: How have you been engaged with the DEE project? What is the role you are now playing with the country's first big infrastructure project under the PPP?Shamsul Hoque (SH): My engagement with the DEE project started after the government...

Unflagging hope, stakeholder tips on best solutions behind DEE success: ITD

MUNIMA SULTANA | 2023-09-02 00:00:00

FE: Why ITD has been interested in the PPP project in Bangladesh? The FE came to know DEE is ITD's first PPP project to start with although its success stories in infrastructure development as contractor were quite impressive. Why Bangladesh...

Public-private coupling overrides bumps as DEE half opens

MUNIMA SULTANA | 2023-09-02 00:00:00

A public-private coupling in development pursuit finally stands the test as a maiden big infrastructure project with foreign investment under PPP model is about to see success. The half-built Dhaka elevated expressway (DEE) opens today, with seamless transport drive overhead...

DEE ready for partial opening at long last

Munima Sultana | 2023-09-02 00:00:00

Despite all odds, the Dhaka Elevated Expressway (DEE) is now a reality. The first 11.5 km part of it has been readied for opening. Prime Minister Sheikh Hasina inaugurates it today (Saturday) and the toll collection will start tomorrow (Sunday).Opening...

BRICS: A political or economic alliance?

Abul Quasem Haider | 2023-09-02 00:00:00

Different economic alliances and institutions have been established across the world with their own missions and visions. BRICS is also such an economic and political alliance. Prominent economist of the country Mustafa Kamal Mujeri said BRICS is a new initiative,...

No child friendly cities and no promotion of games and sports

Nilratan Halder | 2023-09-02 00:00:00

The generation Z unlike its predecessor millennial is more discriminated against in terms of green space and playgrounds, particularly in almost all cities and other urban centres of Bangladesh. Dhaka is basically a city hostile to children, trees and open/green...

Maersk Group gets CPA nod to set up container terminal

NAZIMUDDIN SHYAMOL | 2023-09-01 00:00:00

CHATTOGRAM, Aug 31: Copenhagen-based port and cargo operator Maersk Group is going to set up a new container terminal near the Chittagong Port. The Chittagong Port Authority (CPA) has given its initial approval to Maersk to set up the container...

Revenue revamp bid expands tax-return scope

DOULOT AKTER MALA | 2023-09-01 00:00:00

All types of funds, including provident ones, will be required return submission with audited financial statements by November 30 on their incomes for the fiscal year 2022-23.The new Income Tax Act has made tax-return submission mandatory for private companies' employee...

Himadri, Yousuf Flour beat most of expensive stocks on main board

BABUL BARMAN | 2023-09-01 00:00:00

Two SME stocks --- Himadri and Yousuf Flour Mills -- have become second and third most expensive stocks on the Dhaka Stock Exchange (DSE) without any justified reasons. That means the money injected into the stocks would hardly have any...

Examining the causes and consequences of wars

Mohammad Saifullah | 2023-09-01 00:00:00

When I started reading the book it appeared to me like reading a story. The author was narrating an incident of the past that occurred in the eighth century. It was about the reign of Mongols, particularly about the reign...

Bangladesh in perspective of BRICS' expansion

Nilratan Halder | 2023-09-01 00:00:00

It is only natural that opposing camps would lock in a heated debate over the ramification of non-induction of Bangladesh into the BRICS club. When Ethiopia and Argentina have received the green card as part of expansion of this bloc...

Pakistan through the tortuous alleys of August

Syed Badrul Ahsan | 2023-08-31 00:00:00

The Islamabad High Court has suspended the Toshakhana case against former Pakistani Prime Minister Imran Khan and has ordered his immediate release. Whether he will in fact walk free, given that scores upon scores of cases are yet stacked against...

A trip to monsoon tourist heaven, Sreemangal

ZANJABIL MASHKURA | 2023-08-30 00:00:00

Bangladesh is a land of artistic beauty and enchanting sights, capable of alluring anyone who visits to release their exhaustion. The small city of Sreemangal in the Moulvibazar district in Sylhet division is one such destination in Bangladesh. Tourists consider...

Brick by brick: the trajectory of BRICS

Hasnat Abdul Hye | 2023-08-30 00:00:00

The air of anticipation hovering over the fifteenth summit of Brazil, Russia, India, China and South Africa (BRICS) was palpable. First was the expectation about increasing the fold of membership that consisted of only five. The second was about a...

Chinese cos picked to oversee operation, maintenance

MUNIMA SULTANA | 2023-08-29 00:00:00

As the first half of the Dhaka Elevated Expressway is set to be inaugurated on September 2, two Chinese companies have been selected to oversee the operation and maintenance tasks through establishing a new company.The new firm will deploy high-tech...

Encashing cheques from other banks like ATM card

Muhammad Munirul Huq | 2023-08-29 00:00:00

Once upon a time, encashment of bank cheques in the country was so time-consuming that depositing the cheque of one bank to another for encashment or transfer used to take two to three days or even a week in some...

Profiting out of human misery

Syed Fattahul Alim | 2023-08-29 00:00:00

The Directorate of National Consumers Right Protection (DNCRP) has now launched an operation to control the soaring price of green coconut. But why is this popular and ubiquitous daab, in Bangla, has joined the essential commodities in their race to...

EPB urges measures to stop smuggling of mud eel

REZAUL KARIM | 2023-08-28 00:00:00

The Export Promotion Bureau (EPB) has formally communicated with the commerce ministry for action to curb the illicit trade in mud eel, colloquially known as "Cuchia", into neighbouring India and Myanmar. Expressing the concern of local eel exporters grappling with...