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Highest growth in pricey edible oil taxes

DOULOT AKTER MALA | 2023-07-26 00:00:00

Consumers of pricey edible oils contributed the highest growth of 241.30 per cent in government's VAT collection last fiscal as banks managed some increase while insurers were negative among large corporate taxpayers. Officials, however, say the financial year (FY) 2022-23...

Daily wasteful lifestyles that go unnoticed

ASMA-UL-HUSNA | 2023-07-26 00:00:00

Have you ever noticed how much of our resources get wasted because of our silly habits? Once you start seeing it, the list gets bigger and bigger. Think about how often you have left the faucets running while brushing your...

Govt to form authority to execute maritime codes

SYFUL ISLAM | 2023-07-25 00:00:00

The government is going to form a "competent authority" to regulate safe handling of dangerous goods and solid bulk cargoes carried through seaways, officials said.The authority will be tasked with the responsibility of strictly implementing the codes on International Maritime...

Taking food security centre stage

Syed Fattahul Alim | 2023-07-25 00:00:00

Russia's withdrawal from the Black Sea Grain Initiative (BSGI), the deal that allowed shipment of Ukrainian food grains to the rest of the world, is evidently going to leave its negative impact on the world's food grains market. For the...

Fighting two existential enemies at a time

Syed Fattahul Alim | 2023-07-24 12:00:00

The entire world is burning as extreme heatwaves are sweeping across the continents. The global average surface temperatures have hit all-time highs this July and scientists believe such levels of temperatures might also be the highest ones during the last...

NBR pulls plug on Saif Logistics off-dock project

DOULOT AKTER MALA | 2023-07-24 00:00:00

The National Board of Revenue (NBR) has revoked the licences of Saif Logistics Alliance Limited (SLAL) to construct and operate a new multi-modal container terminal at the Chattogram seaport following allegations of irregularities.The move came just three days after giving...

'Calibrated' tightening needs to continue to check inflation

SYFUL ISLAM | 2023-07-24 00:00:00

A senior official of the International Monetary Fund (IMF) emphasised the need for continuing reforms to make Bangladesh's economy more resilient and resume progress towards achieving the goal of upper- middle-income status.He said the government should stand ready to continue...

Tariff commission for sugar price hike by Tk 15 per kg

REZAUL KARIM | 2023-07-24 00:00:00

The Bangladesh Trade and Tariff Commission has suggested increasing the price of already-pricey sugar by Tk 15 per kilogram amid an overheated commodity market.Sources said the state agency recently sent the recommendation to the commerce ministry in response to the...

Stalled project moves as ADB financing mission due soon

MUNIMA SULTANA | 2023-07-23 00:00:00

Relocating the inland container depot (ICD) from Kamalapur rail-station to Gazipur's Dhirasram to accommodate a multimodal transport hub has been stalled for seven years, but now the priority project moves on financing assurance. The project on ICD relocation to the...

Revision of DS30: Why floor price demands reconsideration

MOHAMMAD MUFAZZAL | 2023-07-23 00:00:00

With floor price imposed, many fundamentally-strong large cap companies have been enduring liquidity crisis for long, which is why, experts think, the latest routine revision of DS30 is not justified. Eleven companies, including Robi Axiata, fell off the index this...

Trade facilitation deal brooks no delay

Asjadul Kibria | 2023-07-23 00:00:00

Despite raging geopolitical turmoil, mainly due to the Russia-Ukraine war, global trade registered a modest growth last year. Its overall value reached US$32 trillion in 2022 with an around 10-percent growth in trade in goods and 15 per cent in...

Govt likely to ban cattle imports

REZAUL KARIM | 2023-07-22 00:00:00

The government is considering putting cattle import on the list of prohibited items for the sake of local livestock industry.Sources said commerce ministry recently wrote to the department of livestock services (DLS), seeking opinion on imposing a ban on cow,...

Test run successful, operation likely to begin in Jan next

NAZIMUDDIN SHYAMOL | 2023-07-22 00:00:00

CHATTOGRAM: The Matarbari thermal power plant, financed by the Japan International Cooperation Agency (JICA), with a capacity to generate 1,200 MW of electricity in Moheshkhali upazila of Cox's Bazar, is set to go into operation in January 2024, according to...

Joint study nears completion

SYFUL ISLAM | 2023-07-22 00:00:00

Bangladesh expects the ongoing joint study on Economic Partnership Agreement (EPA) with Japan to be completed within days and the two sides are sitting in Dhaka next week for stocktaking, sources said.A team of Japan's Ministry of Economy, Trade and...

When tomato makes an irate wife leave her husband

Nilratan Halder | 2023-07-22 00:00:00

Tomato is considered a superfood because of its nutrient-dense contents which offer a whole range of health benefits from supporting healthy skin to weight loss to heart health. It can help fight cancer, diabetes, constipation and light-induced damage to eye....

Is our debt burden too heavy to bear?

Hasnat Abdul Hye | 2023-07-22 00:00:00

Debt, domestic and foreign, has accompanied the growth narrative of Bangladesh from the beginning of its birth. It was looked upon as a natural corollary of the growth process that took hold under planning. The fact that many other countries’...

Most investment services miss BIDA's single OSS window

SYFUL ISLAM | 2023-07-21 00:00:00

Promised turning of one-stop service (OSS) window of Bangladesh Investment Development Authority (BIDA) into a single gateway to investors has slowed with majority services still missing out, officials said.Until last year, the investment-promotion agency had signed memorandum of understanding (MoU)...

Volvo Cars forecasts solid sales

Volvo Cars forecasts solid sales | 2023-07-21 00:00:00

STOCKHOLM, July 20 (AFP): Volvo Cars posted a drop in profits in the second quarter on Thursday, but the Swedish automaker forecast double-digit sales for the year despite high inflation and rising interest rates.Volvo Cars, which is majority owned by...

Looming threat of famine and perils beyond

Nilratan Halder | 2023-07-21 00:00:00

The spectre of a famine in large swathes of the planet is all set to unfold. With Russia turning its back to the Black Sea Grain Initiative (BSGI), the ominous prospect now looks all the more real. The grain deal...

WASA implementing sewerage system in Ctg

NAZIMUDDIN SHYAMOL | 2023-07-20 00:00:00

CHATTOGRAM, July 19: The Chattogram Water Supply and Sewerage Authority (WASA) is implementing the sewerage- system project to solve the sewage-disposal problems in the port city.The sewerage treatment plant will be set up on 165 acres of land in Halishahar...

PM inaugurates Akhaura-Laksam track today

MUNIMA SULTANA | 2023-07-20 00:00:00

The Dhaka-Chattogram rail corridor is set to get the second line more than 109 years after the first track was built there.Prime Minister will inaugurate the last section dual-gauge track from Akhaura to Laksam today (Thursday).With this, all trains between...

New subordinated debt pleas give rise to debate over banks’ capital raising trend

MOHAMMAD MUFAZZAL | 2023-07-20 00:00:00

Six banks have recently sought permission of the securities regulator to raise Tk 35 billion in total through subordinated debts to strengthen their capital base, calling into question again the outcome of such instruments. Among the applicants, UCB seeks to...

Mandela: statesman missed by the world

Syed Badrul Ahsan | 2023-07-20 00:00:00

On Tuesday his birth anniversary came to pass. Death claimed him a decade ago. Before him there were Willy Brandt and Charles de Gaulle and Zhou En-lai. They changed the world even as prison was changing a radical Nelson Mandela...

Closing the curtains on INTERN 2023

NAFISA ALAM TOREE AND ZABIN TAZRIN NASHITA | 2023-07-20 00:00:00

After an electric and astounding competition, INTERN 2023 came to an end recently. The most brilliant minds among the freshmen at Islamic University of Technology (IUT) battled it for the eagerly anticipated grand finale of the novice business case competition....

Chinese firm up for maintenance for two years

MUNIMA SULTANA | 2023-07-19 00:00:00

The Chinese contractor working on rail-track development from Jashore to Dhaka via Padma Bridge is likely to get the maintenance work for two years after completion of the task.The Bangladesh Railway (BR) has received a draft proposal from the China...

IOCs remain exempt from tax payment, as incentive

DOULOT AKTER MALA | 2023-07-19 00:00:00

International oil companies (IOCs) remain exempt from submitting tax return directly as the Prime Minister has overruled revenue authority's opinion for incorporating a compliance provision into the draft Production Sharing Contract (PSC), sources said.This ruling from the highest government authority...

Indoor plants to keep your home cool

ASMA-UL-HUSNA | 2023-07-19 00:00:00

This year, several parts of the world, including Bangladesh, are experiencing excessive heat. Naturally, people are leaning towards air conditioners, which not only impact our electricity bills but are also harmful to the environment. If you are concerned about your...

The eternal charm of 'Dhakai Adda'

LUBABA MAHJABIN PRIMA | 2023-07-19 00:00:00

Dhaka, a city of millions, can sometimes be suffocating. On top of all the stress of the burgeoning metropolitan, there is little scope to entertain oneself. What does one do in these circumstances other than pouring their heart out in...

SEC to finalise rules this month to speed up launch of commodity exchange

MOHAMMAD MUFAZZAL | 2023-07-18 00:00:00

The Bangladesh Securities and Exchange Commission (BSEC) is set to approve the draft rules of the country's maiden commodity exchange (CX) this month to fast track the launching of the exchange.The final approval will, however, come from the regulator on...

Are our roads friendly towards women, children?

Syed Fattahul Alim | 2023-07-18 00:00:00

Road accidents with mounting toll of deaths hardly draw the attention of newspaper readers or TV viewers. Deaths on road are being gradually accepted as something normal. But the shock that the near and dear ones of the victims of...