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2nd ERL unit to ensure fuel security

Nazimuddin Shyamol | 2023-07-03 00:00:00

CHATTOGRAM, July 02: The second unit of the Eastern Refinery Limited (ERL), which is likely to be constructed soon, will meet the fuel demand and ensure fuel security of the country. Once the second unit of ERL is completed, it...

Progressive Life Insurance comes under scrutiny for alleged misconducts

Mohammad Mufazzal | 2023-07-03 00:00:00

The securities regulator has formed an inquiry committee to dig out illegal activities, if any, conducted by the chairman of Progressive Life Insurance Company. A three-member committee formed on June 22 by the Bangladesh Securities and Exchange Commission (BSEC) will...

Skimpy corporate bond market: How bank reforms can help it flourish

BABUL BARMAN | 2023-07-03 00:00:00

The country's corporate bond market looks as grim as the market of T-bonds as banks remain a better, quicker and more easily accessible source of long-term financing. Experts, however, suggest that a stronger bond market would have reduced businesses' dependency...

Health sector mired in malpractices

Neil Ray | 2023-07-03 00:00:00

Even the rhetoric, 'zero tolerance to corruption' has disappeared from political lexicon for a long time. It is not because corruption itself has taken its leave from administration and society. Far from it, if has been rife. Reports prepared by...

Helping cattle farming and rawhide trade

Syed Fattahul Alim | 2023-07-03 00:00:00

The highest number of livestock including cattle, goat and sheep are slaughtered in Bangladesh during one of the major religious festivals of the Muslims, the Eid-ul-Adha. According to reports, around 12.5 million cattle and smaller animals were reared with an...

Mobile making dives as inflation, dollar dearth bite

ISMAIL HOSSAIN | 2023-07-02 00:00:00

Mobile-phone-handset manufacturing in Bangladesh declined 41 per cent in May from the previous month while sales also contracted as high inflation and costly dollar dent the fledging import-substitution industry, sources say. Higher VAT and new import duty on raw materials...

DSE asked to explain 'false appearance' of stocks by Tuesday

Mohammad Mufazzal | 2023-07-02 00:00:00

The Dhaka Stock Exchange (DSE) has been rebuked by the securities regulator for "misleading" investors as it has not changed the category of 23 companies even after their failure to meet the criteria. Its website still shows the organisations under...

'Breathing heavy': a World Bank report without goals

Hasnat Abdul Hye | 2023-07-02 00:00:00

People, who live, work or visit Dhaka, or for that matter in any major metropolis in Bangladesh, are not actually gasping for breath in rarefied atmosphere. But neither are they blessed with pristine air that invigorates and enlivens the spirit....

Govt help sought over inter-agency payment defaults

REZAUL KARIM | 2023-06-28 00:00:00

As public-and private power producers both keep mum on settling payments for oil supplies, purportedly amid financial hardship, the state-run petroleum importer has sought government intervention over the bill defaults. Sources said Bangladesh Power Development Board (BPDB) went on showing...

BSC fears fiasco if to repay high-interest foreign loan

SYFUL ISLAM | 2023-06-28 00:00:00

Hamstrung with paltry annual earnings from a tiny fleet of vessels, Bangladesh Shipping Corporation (BSC) fears pains in repayment of loans taken for vessel buys unless interest rate is halved.Recently the corporation requested the government to cut the interest on...

Introducing innovations: ultimate game changer for Bangladesh agriculture

Abdul Awal Mintoo | 2023-06-28 00:00:00

For Bangladesh, increasing agricultural productivity is undoubtedly of fundamental importance right now because 45 per cent of working age population is still directly employed in agriculture, while another 15 per cent in the non-farm sector which depends on agricultural sector....

EBL to purchase exchange house in Dubai to expand forex services

BABUL BARMAN | 2023-06-27 00:00:00

Eastern Bank Ltd (EBL) has decided to purchase an exchange house in Dubai to boost forex inflow through its banking channel. The bank's board has already approved the purchase considering what Ali Reza Iftekhar, managing director of the lender, said...

A mother and her child who could be saved

Syed Fattahul Alim | 2023-06-27 00:00:00

Death of a mother or a child during childbirth is not rare, if not common in modern times. That can happen both during normal delivery and when it is done through Caesarian section, or in short, C-section. But it is...

Plant breeding: an ingenious human innovation

Abdul Awal Mintoo | 2023-06-27 00:00:00

Amid the growing world population, the shrinking arable land and global challenges like climate change, the need for resource-efficient farming systems is becoming absolutely vital to feed the booming population. This is possible only through innovations in plant breeding. The...

Taxmen turn judges to try tax-dodgers

DOULOT AKTER MALA | 2023-06-26 00:00:00

Taxmen will act as judges too as Bangladesh's new income-tax law vests in them judicial power to try tax delinquencies, for the first time, in government bid to enhance revenue. The tax collectors can pronounce 'verdict' in the fashion of...

Girl courageous

Neil Ray | 2023-06-26 00:00:00

It takes limitless self-confidence and courage to do what a teenage girl of class IX in Khoksa, Kushtia has done. Within two hours of her marriage to a man of 25 in a neighbouring village, she fled the groom's house...

Will Paris pledges on climate finance deliver?

Syed Fattahul Alim | 2023-06-26 00:00:00

Amid slogan-chanting climate activists' threat to transform the Eiffel Tower into a wind turbine, the two-day Global Climate Finance summit in Paris closed on Friday (June 23) last week. It ended with the usual high hopes of helping the poor...

Individual investors' getting access to T-bond auctions just the start of a vibrant bond market

Mohammad Mufazzal | 2023-06-25 12:00:00

The guidelines by the securities regulator for general investors to participate in primary auctions of T-bonds would increase their accessibility of such securities but would not help the bond market thrive. In the "process flow" published on Thursday, the Bangladesh...

Digital Hut fears 20pc drop in sales as Covid wanes

Ismail Hossain | 2023-06-25 00:00:00

Digital Hut, a seasonal online marketplace facilitating trades of sacrificial animals, fears that its sales may decline by 20 per cent this year as Covid-19 subdued, putting open space cattle markets back in business. Launched in 2020 during the peak...

Better connectivity transforming the south

MUNIMA SULTANA | 2023-06-25 00:00:00

A year since the momentous opening of Bangladesh’s first self-financed mega Padma Bridge, the nation has witnessed an impressive surge in traffic, surpassing initial expectations. According to the Bangladesh Bridge Authority (BBA), the executing agency behind the $3.0 billion Padma...

Finance Bill set to forsake Tk 2000 blanket tax

DOULOT AKTER MALA | 2023-06-25 00:00:00

Parliament is set to pass the Finance Bill 2023 today (Sunday) with the much-debated provision for Tk 2000 proposed as blanket individual income tax finally forsaken, officials said.A specific duty on import of fuel oils may also be scrapped by...

Where should Bangladesh build its next tertiary-care hospital?

Hasnat M Alamgir | 2023-06-25 00:00:00

The government of Bangladesh has been building tertiary care hospitals to meet the complex and critical healthcare needs of the population. With growing health awareness, higher income levels and literacy rates in general, and increasing life expectancy in particular, people...

Bangladesh should see climate budget through a different lens

Haseeb Md. Irfanullah | 2023-06-25 00:00:00

Every year, Bangladesh's Finance Division prepares and publicly discloses climate-relevant allocations for 25 ministries and divisions. Traced back to the financial year 2015-2016 (i.e., FY2016), it's exciting to see that climate budgets have been 7.3 - 8.6 per cent of...

Current challenges

Md. Abdul Jabbar | 2023-06-24 00:00:00

We are currently facing many challenges. As a result of the shortage of foreign exchange reserves, electricity, gas, etc., the life of common people has become miserable, a deadlock-like situation has been created in trade and commerce. The unemployment rate...

Of animal sacrifice and locally grown cattle

Nilratan Halder | 2023-06-24 00:00:00

There is hardly any occasion other than the Eid-ul-Adha for which farmers --- cattle raisers to be precise --- take such a long preparation for marketing the saleable. Most varieties of agricultural produce takes a year at best to be...

Ctg Ring Road project schedule extended again

NAZIMUDDIN SHYAMOL | 2023-06-24 00:00:00

CHATTOGRAM, June 22: Cost and time of the project to construct the Coastal Road, popularly known as Ring Road, have been extended again.The road construction was almost completed. But, the Chattogram Development Authority (CDA) is going to construct a junction...

Indian cargo subject to 15pc VAT

DOULOT AKTER MALA | 2023-06-23 00:00:00

Traders carrying transit and transshipment goods from India through Bangladesh have to pay 15-percent VAT under the bilateral water-transit protocol as an instruction has been issued to this effect. Sources said the value-added tax or VAT would be imposed on...

Ctg port to lease out container terminals to foreign operators

NAZIMUDDIN SHYAMOL | 2023-06-23 00:00:00

CHATTOGRAM, June 22: The Chittagong Port Authority is now set to lease out two container terminals, which include the New Mooring Container Terminal (NCT) and Patenga Container Terminal (PCT), to foreign operators. The move focuses on introducing competition among terminal...

New education curriculum in a shambles

Nilratan Halder | 2023-06-23 00:00:00

A post-haste introduction of any system, much as its merit may be, not only fails to achieve the desired results but may also be counterproductive. The introduction of the new education curriculum looks all set to embrace the latter fate....

8 cos to be downgraded to Z category for failing to pay dividends for FY22

MOHAMMAD MUFAZZAL | 2023-06-22 12:00:00

Eight companies of the DSE's main board are going to be downgraded from A and B category to Z category for failing to pay the dividends that the boards declared and got approved by the securities regulator for FY22. The...