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The World Mosquito Day and dengue outbreak

Neil Ray | 2023-08-21 00:00:00

Few people in this country are aware that yesterday was the World Mosquito Day. But at a time when the country --- not just Dhaka City which alone mostly grappled with dengue in the past, but other cities and towns...

Challenges facing global food security

Syed Fattahul Alim | 2023-08-21 00:00:00

Changes in weather pattern are affecting food production globally. In South Asia, India is experiencing the driest August in a century. This is bad news not only for the Indian people, but also for the rest of the world. For...

Brokers not incentivised enough to help retail investors buy debt securities

Mohammad Mufazzal | 2023-08-20 00:00:00

It is not retail investors' lack of appetite, rather brokerage firms' lack of interest that has kept bond trading limited to institutional investors and high net-worth individuals. Brokers do not feel encouraged enough to cater to the demand of small...

How the country can benefit from giving transit to India

Asjadul Kibria | 2023-08-20 00:00:00

Providing transit and transhipment facilities to India, though once considered a contentious issue, is a reality now. More than a decade back, there was a lot of debate and discussion on the subject. Though the government of that time was...

Govt weighs WB-proposed single-currency IDA credit

SYFUL ISLAM | 2023-08-19 00:00:00

A World Bank (WB) proposal for Bangladesh to receive single-currency loans, alongside the usual credits taken through special drawing rights (SDR), a basket of five currencies, is under government consideration.Officials say Bangladesh, being a lower-middle-income country, is one of the...

Fraudsters are always in wait to raise their ugly heads

Nilratan Halder | 2023-08-19 00:00:00

Cheating in public examinations was so rampant once that any hope of salvaging the situation looked bleak. Mercifully, the ill practice has more or less been rooted out from the two most important public examinations at the secondary and higher...

BR shifts focus to chord line in Dhaka-Ctg rail corridor

MUNIMA SULTANA | 2023-08-18 00:00:00

Bangladesh Railway (BR) is currently focusing more on developing chord lines rather than converting the metre gauge into dual gauges along the Dhaka-Chattogram rail corridor, due mostly to austerity in funding totalling Tk 300 billion.Sources said that the priority for...

Bandarban floods largely out of focus

Nilratan Halder | 2023-08-18 00:00:00

A waterlogged port city makes screaming news headlines but no less, if not more, affected and ravaged Bandarban and the outlying hilly areas have failed to draw media and government attention they ought to have. This is perhaps because people...

Restoring tax benefit to investors envisaged

DOULOT AKTER MALA | 2023-08-17 00:00:00

Revival of tax benefit to investors in savings certificates is likely soon for giving them some financial relief and augmenting investment in government borrowing instruments. Sources say the government has made a decision to this effect to ease the tax...

Road link more cost-effective than rail: JICA tells BR

MUNIMA SULTANA | 2023-08-17 00:00:00

The Bangladesh Railway (BR) has shifted away from its plan for developing the Matarbari Intermodal Yard and feeder rail line between Chakaria and Matarbari Deep Sea Terminal based on a study, which finds that an intermodal yard with road connectivity...

ICB to offload holdings worth Tk 3b for re-investment in stocks

MOHAMMAD MUFAZZAL | 2023-08-17 00:00:00

The state-run Investment Corporation of Bangladesh (ICB) is looking for buyers to sell Tk 3 billion worth of its holdings in listed securities for the purpose of reinvestment in the stock market. If buyers are available, share transactions will be...

Afghanistan: hungry, desolate and forgotten

Syed Badrul Ahsan | 2023-08-17 00:00:00

Two years ago this month, the United States suddenly decided to bring its presence in Afghanistan to an end and have its soldiers go home. Over the next few days, Washington's allies followed suit. At the presidential palace in Kabul,...

Only income taxpayers qualify for candidacy in parliamentary polls

DOULOT AKTER MALA | 2023-08-16 00:00:00

Unlike the 11th national elections, only income taxpayers will be able to contest the upcoming parliamentary election, as the amended electoral law has incorporated a new provision making the submission of tax returns mandatory for all candidates.In the next national...

Why market intermediaries need more time to comply?

MOHAMMAD MUFAZZAL | 2023-08-16 00:00:00

The securities regulator has further extended the time for market intermediaries to invest at least 4 per cent of their portfolios in listed debt securities to March 2024. The time extension came following pleas of market intermediaries against the backdrop...

DSE erodes 110 pts in a month on corrections of overvalued stocks

BABUL BARMAN | 2023-08-16 00:00:00

The prime index of the Dhaka Stock Exchange eroded 110 points in just a month, tumbling to four-month low, as jittery investors dumped all the previous two months' trendy stocks.Most of the recent top-gaining small-cap stocks saw a sharp decline...

Stop sugar smuggling from India: Refiners

REZAUL KARIM | 2023-08-16 00:00:00

Local refiners have sought immediate action to put an end to sugar smuggling from India in a bid to help the domestic industry survive such odds and adversities.They apprehend that the domestic sugar industry will definitely be in dire straits...

Bangabandhu’s encounter with Castro

HELAL UDDIN AHMED | 2023-08-15 00:00:00

The meeting between Prime Minister Mujib and President Castro was arranged near the end of NAM summit. On the day of the summit, news reached Algiers at noon that food-riot and looting had started in Chile following disruptions in food...

The statesman in Bangabandhu

Syed Badrul Ahsan | 2023-08-15 00:00:00

It is rather hard to point to a time when Bangabandhu Sheikh Mujibur Rahman graduated from a politician into a statesman. And yet there all those moments in Bangladesh's history when we can definitively point to phases which threw light...

PM launches Pension Scheme Thursday

SYFUL ISLAM | 2023-08-15 00:00:00

The much-awaited Universal Pension Scheme gets going Thursday to bring Bangladesh's growing elderly population under a sustainable social-security system, with state exchequer paying half of poor's premium.Prime Minister Sheikh Hasina would inaugurate the scheme virtually from her official residence Ganabhaban....

Tax return submission up by over a million

DOULOT AKTER MALA | 2023-08-15 00:00:00

A total of 1,237,357 new taxpayers were added by the National Board of Revenue (NBR) in the last fiscal year due to the fiscal measures incorporated in the Finance Bill-2022.From June 1, 2022, the revenue board made the submission of...

Brokers' apathy still keeps T-bonds inaccessible for retail investors

MOHAMMAD MUFAZZAL | 2023-08-15 00:00:00

General investors are yet to get access to primary auctions of T-bonds though the securities regulator laid down the process for stock brokers to participate in them on behalf of their clients. The guidelines were issued about one and a...

Devising new ways to fight Aedes mosquito

Syed Fattahul Alim | 2023-08-15 00:00:00

The World Health Organization (WHO) has assessed Bangladesh's dengue risk at the national level as 'High'. But even before WHO's issuing the high risk alert, there was no doubt in anyone's mind that Bangladesh is experiencing the worst episode of...

Flood devastates 50km roads in Ctg city

Nazimuddin Shyamol | 2023-08-14 00:00:00

CHATTOGRAM, Aug 13: Port city Chattogram is currently grappling with the aftermath of heavy rainfall and subsequent flooding, as primary estimate shows at least 50 kilometres of roads have been damaged in the metropolis. The deluge has left the roads...

VAT collection surges 35.5pc in Dhaka's commercial hubs

Doulot Akter Mala | 2023-08-14 00:00:00

The collection of value-added tax (VAT) from retail and wholesale businesses grew by 35.5 per cent in the commercial areas of the capital, largely for the installation of Electronic Fiscal Devices (EFDs) and intensified enforcement.The Dhaka South Zone, which includes...

General insurance cos show mixed results for H1 but the sector overall registers lower profit

BABUL BARMAN | 2023-08-14 00:00:00

Persistent macroeconomic challenges, strong dollar, and runaway inflation continued to hit hard the businesses of general insurance companies, dragging down profits of most of them in the first half of this year compared to the previous year. Twenty five of...

Passenger train under attack by robbers

Neil Ray | 2023-08-14 00:00:00

Train robberies are not quite uncommon in the world. Movies such as the Newton Boys (1998) based on the worst train robbery in American history at Rondout, Illinois, as early as 1924 have made viewers across the world familiar with...

Wobbly market of poultry products

Syed Fattahul Alim | 2023-08-14 00:00:00

Volatility is a commonly used term to describe markets everywhere when the prices of the goods and services that they represent start to rise unpredictably. But the volatility in Bangladesh's essential commodities market is perhaps a unique example in the...

Abdul Monem Ltd gets two months to end work

MUNIMA SULTANA | 2023-08-13 00:00:00

Work on the widening of Elenga-Hatikumrul-Rangpur highway faces an unexpected delay allegedly for a reputed local contractor, which was earlier alerted several times by the project office.Last week, the chief engineer of Roads and Highways Department (RHD) called the firm...

ICB Capital looks to overcome problems in listing of 13 state-run cos

MOHAMMAD MUFAZZAL | 2023-08-13 00:00:00

ICB Capital Management is likely to organise a workshop this month to gauge possible solutions to problems that hinder the listing of state-owned companies on the bourses. The issue manager is currently prioritising 13 companies, including national flag bearer Biman...

Bond market still small and dull

Asjadul Kibria | 2023-08-13 00:00:00

The bond market worldwide has been growing, though not at a similar or steady pace and only in some economies. The United States (US) alone covered 39 per cent of the world bond market, followed by China having a 16...