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Let UPS be not a failure

Atiqul Kabir Tuhin | 2025-02-20 00:00:00

In a welfare state, the provision of a universal pension plays a key role in ensuring social security for the elderly. Developed countries generally offer pensions based on individuals' contributions to pension schemes. According to the International Labour Organization (ILO),...

Trump's Ukraine policy reasserts diplomacy

Syed Badrul Ahsan | 2025-02-20 00:00:00

Russia is finally coming in from the cold.One couldn't have imagined this situation till recently. President Donald Trump, despite the many complaints people have over the nature of his politics in various fields, has dramatically altered conditions where the Russia-Ukraine...

Metro rail company in new dilemma

MUNIMA SULTANA | 2025-02-19 00:00:00

Dhaka metro-rail company is in a new dilemma over its staff members and those recruited in different projects under its recently drafted service rules.Officials and employees under grade 9 to 16 recruited in Dhaka Mass Transit Company Limited (DMTCL) threatened...

A misty train ride across Bangladesh's winter heartland

MAHMUDUL ISLAM | 2025-02-19 00:00:00

Cloaked in mist, the landscape in the predawn hour was haunting. I leaned against the train door and looked at rural houses, their shapes faintly discernible in thick darkness. Only the green light coming from the displays of digital electricity...

Country needs to brace for climate catastrophe

Sarker Nazrul Islam | 2025-02-19 00:00:00

Bangladesh has to bear the brunt of awful climate impacts though its contribution to global warming is negligible, believed to be less than 0.47 per cent of global emission. The Bonn-based green organisation Germanwatch reaffirmed this phenomenon and focused on...

Spl court rulings limit ACC's ability to quiz accused

GULAM RABBANI | 2025-02-18 00:00:00

The scope for quizzing the accused in corruption cases, especially those filed over major financial scams, becomes narrow for the Anti-Corruption Commission (ACC) as the Senior Special Judge's Court in Dhaka is rejecting pleas to remand the accused despite having...

Tax collection trails target with growth in negative trajectory

DOULOT AKTER MALA | 2025-02-18 00:00:00

Tax collection against the submitted returns declined 1.53 per cent despite extending submission time thrice and the number of returns having increased by 150,000, possibly as the well-off remain on the run. On the other hand, the overall tax receipt...

Ominous market signals before Ramadan

Sarker Nazrul Islam | 2025-02-18 00:00:00

The arrival of the holy month of Ramadan arouses deep concern among all sections of consumers, particularly the low income groups, as the prices of some key essentials record a substantial rise. To ensure a fat profit margin, unscrupulous sections...

USAID freeze: how does it affect world?

Syed Fattahul Alim | 2025-02-18 00:00:00

Trump administration's freeze on USAID funds has shocked the world of aid. Shutting down of USAID, which last year covered 47 per cent of all humanitarian aid that flowed to the regions of the world in need of food, health...

Trump's neo-imperial ambitions: vestiges of expansionism

Serajul I. Bhuiyan | 2025-02-18 00:00:00

Global politics sometimes offers us leaders' territorial expansionist ventures reminiscent of past ambitions. Donald Trump, the 47th US President, wished to place territories like Greenland, Canada, the Gaza Strip, and the Panama Canal under United States' control. These objectives are...

Banks begin lowering both deposit, lending rates

SIDDIQUE ISLAM and JUBAIR HASAN | 2025-02-17 12:00:00

A downturn in gains from investment in government securities prompts banks to begin lowering deposit and lending rates both with their attention now switched to private-sector lending, sources say. According to bankers and money-market analysts, initially, the commercial lenders are...

Halda becoming hazardous for fishes

NAZIMUDDIN SHYAMOL | 2025-02-17 00:00:00

CHATTOGRAM, Feb 16: The death of dolphins in the Halda River, a part of the national heritage, continues unchecked, as the number of dead dolphins has increased to 45 this year. A dead dolphin was recovered from the Kagatia Canal...

US company wants undoing of PPA termination

SYFUL ISLAM | 2025-02-17 00:00:00

Five years after the power-purchase agreement (PPA) was terminated, SunEdison USA has sought permission to build a 200-megawatt solar power plant in seaside Cox's Bazar. After the regime change in Bangladesh the Missouri-based renewable energy giant, which wanted to invest...

Focusing on source of price manipulation

Neil Ray | 2025-02-17 00:00:00

The news that three women waiting long in a queue for TCB (Trading Corporation of Bangladesh) trucks to arrive with subsidised goods in front of Rajdhani High School on Manik Mia Avenue did not cause a shockwave. In a country...

Weak-kneed power deal

Syed Fattahul Alim | 2025-02-17 00:00:00

It could be learnt from the media that the Adani Power Limited (APL), an Indian private power company, with which the ousted previous government of Sheikh Hasina signed a 25-year deal in November 2017 to purchase power on behalf of...

Metro rail sets new ridership record

MUNIMA SULTANA | 2025-02-16 00:00:00

The popularity of Dhaka's metro rail continues to surge breaking another records with highest ridership of over 400,000 on Thursday.Despite the rising demand, the metro rail company has been unable to increase train operations or reduce headway times.According to Dhaka...

Now PCBs to get state guarantee against LCs to import essentials

REZAUL KARIM | 2025-02-16 00:00:00

Like state-owned commercial banks (SoCBs), the government has decided to issue state guarantees in favour of private commercial banks (PCBs) too to facilitate import of essential commodities, aiming to ensure smooth supply of such items in the local market, sources...

Enhancing TCB's capacity imperative

Atiqul Kabir Tuhin | 2025-02-16 00:00:00

The Trading Corporation of Bangladesh (TCB) was established on January 1, 1972 with a noble objective. Its open market sale of some essential products at prices that are comparatively lower than in the market is intended to provide relief to...

MFN tariff and Bangladesh

Asjadul Kibria | 2025-02-16 00:00:00

Three decades after the formal inception of the World Trade Organization (WTO) as a successor of the General Agreement on Tariffs and Trade (GATT), tariffs are still a key tool for navigating global trade. As the average tariff applied by...

Heavily-discounted mutual funds don't get buyers. Here is why

MOHAMMAD MUFAZZAL | 2025-02-16 00:00:00

Presently, one can purchase mutual fund units at only Tk 3 each when net asset value per unit is more than Tk 11. That means investors will get a heavy discount of 72 per cent for investing in an instrument...

Fakhruddin Ahmed: a legendary runner from yesteryear

Helal Uddin Ahmed | 2025-02-14 00:00:00

Man can only sail through life by riding the chariot of time, but he leaves behind golden memories of the past. This is the natural course for mankind. Despite that, man looks back at bygone times – in search of...

Bangladesh's corruption rank is unsurprising

Nilratan Halder | 2025-02-14 00:00:00

The common people in Bangladesh cannot help feeling unease at the yearly 'sobriquet' of one of the top corrupt countries in the world that hangs around its neck like the Ancient Mariner's dead albatross, courtesy of the Berlin-based Transparent International...

Walton's free float surges to 30pc: What does it mean to investors?

BABUL BARMAN | 2025-02-13 12:00:00

Free float of Walton Hi-Tech Industries was 1.49 per cent even six months back. Then by January this year, the number of publicly tradable shares jumped to more than 30 per cent. The free float increased so quickly, as six...

Ramadan price hike feared as unloading at Ctg port delayed

NAZIMUDDIN SHYAMOL | 2025-02-13 00:00:00

CHATTOGRAM, Feb 12: A total of 269 lighterage ships carrying thousands of tonnes of imported goods have been floating in the sea and rivers in different parts of the country for several weeks, creating a crisis of such vessels at...

Govt cuts target of borrowing from banks

SIDDIQUE ISLAM | 2025-02-13 00:00:00

The government has slashed its bank borrowing target by 28 per cent, or Tk 385 billion, for this fiscal year, due to lower expenditures and slower implementation of the Annual Development Programme (ADP).Under the revised target, the government will borrow...

Faruque Ahmed made MD of DMTCL

MUNIMA SULTANA | 2025-02-13 00:00:00

Faruque Ahmed, a Bangladeshi expatriate having experiences to work on different metro rail projects worldwide, has been selected as the managing director of the Dhaka Mass Transit Company Limited (DMTCL).Sources said a six-member committee, headed by Bangladesh University of Engineering...

Time to decentralise and unify Dhaka's governance

Atiqul Kabir Tuhin | 2025-02-13 00:00:00

Dhaka as a city is imploding. Overpopulation, civic amenities overburdened and only a limited mass transit system, traffic congestion, unregulated high-rises defying building codes, festering slums and finally insecurity have made this capital city a living hell. This cannot go...

Abraham Lincoln's enduring global appeal

Syed Badrul Ahsan | 2025-02-13 00:00:00

Abraham Lincoln remains a consequential figure in history. The anniversary of his birth having gone —- he was born on 12 February 1809 —- it is for those interested in the annals of great men and women inhabiting particular periods...

Endless delay as Chinese contractors halt work

MUNIMA SULTANA | 2025-02-12 00:00:00

The development of the dedicated bus corridor on Gazipur-Airport route appears to be never-ending, as the project has already witnessed extensions for the seventh time.Just as the project was nearing completion, with only 3 per cent left, two Chinese contractors...

Supply chain of nine key essential items under scrutiny

REZAUL KARIM | 2025-02-12 00:00:00

The government has decided to strictly examine every stage of the supply chain of nine key commodities so that consumers can buy the essential items at fair prices from the kitchen market, sources said.The items are rice, edible oil, onion,...