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Labour issues to dominate BD-US TICFA talks

SYFUL ISLAM | 2023-08-04 00:00:00

Labour issues are likely to take centre stage at the upcoming Dhaka-Washington talks on matters of advancing the Trade and Investment Cooperation Forum Agreement (TICFA). The seventh edition of the council is scheduled to convene in mid-September, just a few...

DSE to visit 42 cos to expose their true worth to investors

MOHAMMAD MUFAZZAL | 2023-08-04 00:00:00

The Dhaka Stock Exchange (DSE) has separated out 42 companies for inspection of physical entities for their failure to meet one or more obligations - holding annual general meetings, giving out dividends as declared, or paying listing fees. Inspections will...

Far-reaching impacts of NPL

Nilratan Halder | 2023-08-04 00:00:00

A three-member bench of the Appellate Division of the Supreme Court (SC), headed by Chief Justice Hasan Foez Siddique, pointed accusing fingers at the loan defaulting culture that smacks of outrageously discriminatory treatment. While failure to repay interests regularly on...

US Rockwell partners with local firm to serve BD manufacturing sector

ISMAIL HOSSAIN | 2023-08-03 00:00:00

Top US firm Rockwell Automation has partnered with a local leading company in industrial automation and digital transformation to combine advanced technologies with the local workforce in the country's manufacturing and industries.Rockwell Automation has strategically partnered with Reverie Automation recently...

Overdependence raises public health hazards

DOULOT AKTER MALA | 2023-08-03 00:00:00

Mahruz Khaled prefers to wear a mask on his way to school, although Covid-19 restrictions have been relaxed, as he feels safe from exhaust fumes."My parents also advised me to wear a mask as I had asthma until I was...

How MBA graduates can develop entrepreneurial mindset

TASNIMUL ISLAM | 2023-08-03 00:00:00

In today's dynamic and competitive business landscape, possessing an entrepreneurial mindset and resilience is crucial for MBA graduates in Bangladesh who aspire to become successful entrepreneurs. Bangladesh's population size is estimated to be around 169 million. The average age of...

Why learning self-defence should be encouraged

ASMA-UL-HUSNA | 2023-08-03 00:00:00

Every decision we make daily is related to our ultimate goal of achieving a safer and more secure future for ourselves. Whether it is choosing a healthier lifestyle, planning our finances and savings, learning new things, sharpening our skills, or...

The coups that enfeeble Africa

Syed Badrul Ahsan | 2023-08-03 00:00:00

Yet one more coup d'etat has taken place in Africa. This time the military has deposed Niger's elected President Mohamed Bazoum and installed itself in power. After Burkina Faso and Mali, Africa is thus up against soldiers whose unbridled ambitions...

Bangladesh's joining RCEP almost certain

REZAUL KARIM | 2023-08-02 12:00:00

Bangladesh has decided in principle to join emerging vast trade-bloc styled Regional Comprehensive Economic Partnership (RCEP) on hope of boosting exports to the member-countries, sources said.The Ministry of Commerce (MoC) is expected to send by September a formal proposal to...

No vehicular movement thru it for three months

NAZIMUDDIN SHYAMOL | 2023-08-02 00:00:00

CHATTOGRAM, Aug 01: Movement of vehicles through the 93-year-old Kalurghat Bridge halted Tuesday for next three months as Bangladesh Railway (BR) has started its renovation work.However, the vehicles could still cross the Karnaphuli River by ferry during this period. Chief...

11yrs on, BR meets 5.0pc target only

MUNIMA SULTANA | 2023-08-02 00:00:00

Even after the lapse of 10 years, the railways could meet only 5.0 per cent of its target to develop dual-gauge track to operate both metre- and broad-gauge trains.The delay is due to inability on part of the Bangladesh Railway...

Slow import, manufacturing squeeze domestic revenues

DOULOT AKTER MALA | 2023-08-01 00:00:00

Decline in import of commodities and local manufacturing pulled Bangladesh's domestic tax-revenue growth down the average, to 10 per cent, in the past fiscal, and such "setback" is predicted to prolong for poll unrest. According to central bank data, the...

Most MNCs post profit growth, riding out inflationary storm

BABUL BARMAN | 2023-08-01 00:00:00

During the first half of this year, most listed multinational companies (MNCs) posted impressive profit growth compared to the same period last year due to efficient management, strong brand value and product-price increases. Despite pinching inflation affecting people's purchasing power,...

Move to designate them for storing exportable agricultural items

REZAUL KARIM | 2023-08-01 00:00:00

In an effort to streamline the shipment of fresh agri produce and bolster export revenues, the government has initiated measures to restrict the usage of six BADC cold stores near Dhaka airport as warehouses, according to sources.The decision comes in...

New enemy of tiger

Syed Fattahul Alim | 2023-08-01 00:00:00

There is bad news for tigers. When the World Tiger Day was being observed, an unsettling report on tigers also came to light. Through a recently completed research, it has been found that Bangladesh is a centre for poaching of...

Metro Rail company fined Tk 3.5m for loan payment delay

SYFUL ISLAM | 2023-07-31 00:00:00

The Finance Division has fined Dhaka Mass Transit Company Ltd (DMTCL), the government-owned company responsible for operating Dhaka Metro Rail, Tk 3.5 million for delay in making payment of loan instalment, officials said.To build the MRT Line-6, the country's first...

Tax exemptions deliver little goods

DOULOT AKTER MALA | 2023-07-31 00:00:00

Direct-tax exemptions aimed at cooling overheated market and incentivizing industries and investment cost the public exchequer around Tk 3.0 trillion in the past fiscal, to little avail though, sources say.Latest available official data show growth in investment in proportion to...

Cry of the soul in a soulless city

Neil Ray | 2023-07-31 00:00:00

Primary evidences point to, according to the police, suicides together by a day labourer and his wife, a domestic help, whose bodies were found hanging from the roof of a rented tin-shed room in East Rampura on Wednesday last. The...

Challenges facing nation on economic front

Syed Fattahul Alim | 2023-07-31 00:00:00

The US-based international credit rating agency, Moody's, in May downgraded Bangladesh's sovereign rating to B1 from its previous rating at Ba3. Notably, since this US Financial Service company began its credit rating for Bangladesh in 2010, it was the first...

BD goes great guns to strike FTAs

SYFUL ISLAM | 2023-07-29 00:00:00

Bangladesh attains a good going towards striking free-trade agreements (FTAs) with some countries having significant bilateral trade, as the nation braces for post-graduation loss of market-access preferences, officials said.Among the countries having close trade ties with Bangladesh and approached for...

Govt moves to explore direct export market

REZAUL KARIM | 2023-07-29 00:00:00

With the surplus production capacities of garment accessories and packaging products, Bangladesh is making efforts to explore export potentials of the items worldwide.The government has asked the country's 18 missions abroad to explore potentials to increase earnings from the subsector...

Urban tenancy with many facets

Nilratan Halder | 2023-07-29 00:00:00

The love-hate relations between house owners and tenants in this metropolis, other metropolises and municipalities are too unmistakable to escape notice. Not many owners of residential accommodations are entirely dependent on rents from tenants but certainly some are. Yet the...

How the global economy is faring?

Hasnat Abdul Hye | 2023-07-29 00:00:00

These are parlous times for global economy, buffeted by shock after shock, as cause and effect, often overlapping each other. Governments with their fiscal policies and central banks with monetary instruments are struggling to keep their economies on an even...

No headway in Tk 300b project in two years

MUNIMA SULTANA | 2023-07-28 00:00:00

Bangladesh Railway (BR) could not make any headway to convert the metre-gauge lines of the Dhaka-Chattogram section into dual-gauge ones in the last two years since getting necessary approval to the project.Sources said the Planning Commission gave nod to the...

Customs locks UNHCR BIN

DOULOT AKTER MALA | 2023-07-28 00:00:00

Bangladesh customs has locked the business-identification number (BIN) of the United Nations refugee agency for alleged deviations regarding imported cars, thus suspending its goods-release permission. Senior customs officials said they detected irregularities involving the use of 46 vehicles the United...

MRA warns MFIs against running profit-making enterprises

ISMAIL HOSSAIN | 2023-07-28 00:00:00

The Microcredit Regulatory Authority (MRA) has warned microfinance institutions (MFIs) that they will face stern action if they run any profit-making enterprises other than microcredit operations.In a recent circular, the MRA said it had come to its attention that some...

Europe and America now feel the heat

Nilratan Halder | 2023-07-28 00:00:00

Scientists from the World Weather Attribution group finds that the current heat waves sweeping parts of Europe and North America would have almost been impossible but for the human-caused climate change. In the new rapid analysis of extreme temperatures, the...

Construction of Bay Terminal likely to begin this year: CPA

NAZIMUDDIN SHYAMOL | 2023-07-27 00:00:00

CHATTOGRAM, July 26: The construction of the long-awaited Bay Terminal of Chattogram seaport is likely to begin this year, hopes its implementing agency, the Chittagong Port Authority (CPA).Land acquisition for the Bay Terminal is yet to be completed because the...

Volvo Eicher to remain No. 1 bus in BD market

ISMAIL HOSSAIN | 2023-07-27 00:00:00

"Volvo Eicher bus is the number one in Bangladesh market, and it will remain the number one here," said SS Gill, a top executive of VE Commercial Vehicles Ltd (VECV), a joint venture of Volvo Group and Eicher Motors Ltd....

Wang Yi, Qin Gang . . . and foreign ministers' tales

Syed Badrul Ahsan | 2023-07-27 00:00:00

Wang Yi, the senior Chinese diplomat, is back in his old job as his country's foreign minister. He replaces his successor Qin Gang, who was in the job for slightly over six months. In the past few weeks, there has...