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A journey towards sustainable energy leadership in Bangladesh

IFTEKHARUL ISLAM | 2024-12-08 00:00:00

As one of the most vulnerable countries to climate change impacts, Bangladesh faces increasing challenges in balancing energy security with environmental sustainability. The nation relies heavily on non-renewable energy sources, with natural gas accounting for about 60 per cent of...

Quick approval, listing on main boards will help corporate bond market thrive

MOHAMMAD MUFAZZAL | 2024-12-08 00:00:00

Quick approval of corporate bonds and listing on the exchanges' main boards will invigorate the country's corporate bond market, said the head of BRAC EPL Investments. In a recent interview with The FE, Syed Rashed Hussain, chief executive officer of...

Ordeals of passport applicants

Atiqul Kabir Tuhin | 2024-12-08 00:00:00

That bribery and corruption are rampant in various government offices is a common perception, and it is periodically substantiated by Transparency International Bangladesh (TIB) through the publication of various survey results. For example, the latest TIB household study, which surveyed...

What is the actual amount of FDI in Bangladesh?

Asjadul Kibria | 2024-12-08 00:00:00

The inflow of foreign direct investment (FDI) in the last fiscal year declined further, which was predictable. After recording a big jump three years back, the country witnessed a decline in FDI for two consecutive years. Macroeconomic instability coupled with...

An infrastructural marvel taping shape

Nazimuddin Shyamol | 2024-12-08 00:00:00

The interim government has attached much importance to the Matarbari deep-sea port project of the Chittagong Port Authority (CPA) as the port will add an impetus to trade activity. With construction of the country's first deep-sea port, Bangladesh will undergo...

Climate exigencies make embracing ESG imperative for sustainable Bangladesh

Melita Mehjabeen | 2024-12-08 00:00:00

As the world geared up for the COP29 summit, conversations about environmental sustainability and climate change had not been more pressing. For Bangladesh, a country marked by its resilience against climate challenges, this global conference is not just another international...

Agriculture in Bangladesh: A journey toward self-sufficiency

Ziaul Haque | 2024-12-08 00:00:00

It has been a tale of woes and wins in farming history. When I started working on commodity distribution for one of the largest B2B Commerce companies in Bangladesh, I was stunned by the numbers. Almost 99 per cent of...

The digital future: Bangladesh’s path to a smart economy

Serajul I Bhuiyan | 2024-12-08 00:00:00

Bangladesh is now at the juncture of an important journey towards transformation into a digitally driven, knowledge-based economy. In other words, “Smart Bangladesh” implies that the country is determined to tap into the vitality of its vast, youthful population and...

Skills-investment paradox: Asia's next manufacturing hub stuck in first gear

Mohammed Salman Rahman | 2024-12-08 00:00:00

World economy has been undergoing its most dramatic rejig since the fall of the Berlin Wall. From Washington to Brussels, western capitals are systematically dismantling the free-trade consensus that defined the past three decades of economic growth. This time, the...

Uninterrupted LNG supply to cost Tk 50b in state subsidy soon

SYFUL ISLAM | 2024-12-07 00:00:00

Uninterrupted supply of import-dependent liquefied natural gas (LNG) until this month-end will cost some Tk 50 billion in state subsidy as Petrobangla seeks the money before long, officials say.The amount is in addition to Tk 20 billion given to the...

Only 57pc Bangladeshis have access to health care

JAHIDUL ISLAM | 2024-12-07 00:00:00

Only 57 per cent of Bangladeshis have come under essential health service coverage, far below the UN sustainable goal of 80 per cent by 2025 and 100 per cent by 2030, according to a health ministry report.An estimated Tk 2.28...

What chillier winter with cold waves mean to the poor

Nilratan Halder | 2024-12-07 00:00:00

It is hard to remember when Agrahayan was this chilly last time. Senior citizens may recollect that in the 50s and 60s of the past millennium, it was harvesting time of the main crop Aman paddy. In the plain lands...

Declining arable land: A looming threat to food security

Sarker Nazrul Islam | 2024-12-07 00:00:00

According to the Population and Housing Census 2022 prepared by the Bangladesh Bureau of Statistics (BBS), the total population of the country in an area of 148,460 square kilometres is about 170 million, with a population density of 1,156.84. As...

To get over the skewed mentality causing divisions

Nilratan Halder | 2024-12-06 12:00:00

It is depressing and tragic that the month of victory, December, after 53 years has to look for its national reconciliation. At around this time in 1971, there was a clear indication that the nation in the throes of expectation...

Railway unlikely to spend over 20pc ADP fund

MUNIMA SULTANA | 2024-12-06 00:00:00

Bangladesh Railway is unlikely to spend more than 20 per cent of its annual development programme (ADP) allocation in the current fiscal year due to slow progress of some major projects, including ones under the Indian Line of Credit (LoC).Officials...

Foreign mission employees' children's edn and MoFA's capricious demand

REZAUL KARIM | 2024-12-06 00:00:00

Bangladesh's foreign mission officials are entitled to a maximum annual education allowance of US$20,000 for two children studying abroad.Now, they are seeking similar facilities, equivalent to local currency of around Tk 2.4 million, so that their children can pursue study...

Private sector credit growth dwindles amid lower demand

SIDDIQUE ISLAM | 2024-12-06 00:00:00

Private-sector-credit growth fell further in October 2024 mainly due to lower demand, particularly for trade financing, as uncertainty is still prevailing since August 05, bankers said.The growth came down to 8.30 per cent in October 2024 year-on-year from 9.20 per...

Stakeholders, experts suggest selective FTA deals

DOULOT AKTER MALA | 2024-12-06 00:00:00

Government move towards trade liberalization evokes caution from domestic producers who suggest signing free-trade agreement (FTA) selectively with guardrails for local manufacturing industries.Two dozen FTAs are under negotiation with the Bangladesh government, including the Economic Partnership Agreement (EPA) with Japan...

Refiners keep pushing for edible oil price hike

REZAUL KARIM | 2024-12-05 00:00:00

Local refiners in recent months have pressed the government several times to increase edible-oil prices in the light of the substantial price rise in the international market, industry insiders say.The Bangladesh Vegetable Oil Refiners' and Vanaspati Manufacturers' Association (BVORVMA) urged...

IMF revises tax-GDP ratio upward

DOULOT AKTER MALA | 2024-12-05 00:00:00

The International Monetary Fund (IMF) has set a revised target for Bangladesh to increase its tax-GDP ratio by 0.6-percentage points for the current fiscal year. This increase equates to an additional Tk 930 billion in revenue.Currently, Bangladesh's tax-GDP ratio stands...

Square Pharma's export up 22pc in FY24, as it diversifies markets, products

BABUL BARMAN | 2024-12-05 00:00:00

Square Pharmaceuticals registered a 22.4 per cent year-on-year export growth in FY24, riding on a higher demand for its products in the global market.The country's largest drug manufacturer's export revenue stood at Tk 2.39 billion in FY24, up from Tk...

Stopping encroachment on cropland

Md Roushon Jamal | 2024-12-05 00:00:00

Caring for cropland is crucial for food security and sustainable development. Human civilisation should show gratitude for 1500 million hectares of agricultural land, which sustains the lives of the 8.2 billion people in the global population. Bangladesh's 7.29 million ha...

Gas crisis: What's the way out?

Atiqul Kabir Tuhin | 2024-12-05 00:00:00

Last Thursday, a group of workers from Mahmud Jeans mercilessly assaulted the factory's deputy managing director, Rafee Mahmud, who is also the son of the factory owner and responsible for overall management of the factory. A spokesperson of Bangladesh Garment...

Why Swiss Development Cooperation is powering innovations in insurance

Ismail Hossain | 2024-12-05 00:00:00

The Bangladesh Microinsurance Market Development Programme (BMMDP), funded by the Swiss Agency for Development and Cooperation (SDC), recently went live with two challenge funds. The funds will power efforts to diversify the microinsurance market and enhance reinsurer capacity.The BMMDP goes...

America: Presidents, pardons and politics

Syed Badrul Ahsan | 2024-12-05 00:00:00

The American political system is rather interesting, often amusing. Congressmen are elected for two years, senators for six years and Presidents and Vice Presidents for four years in a first term and another four years in a second term. The...

Japan-backed energy plan challenged in court

GULAM RABBANI | 2024-12-04 00:00:00

In a groundbreaking legal move, Bangladesh has become the first South Asian country to challenge the legality of a Japan-backed fossil fuel-based power plan with the Supreme Court (SC), marking a historic step towards climate justice. A writ petition has...

2023 employment growth lowest in 12 years: BBS

JAHIDUL ISLAM | 2024-12-04 00:00:00

Bangladesh's economy generated only 0.51 million new jobs in 2023, the lowest employment growth in 12 years and well below the annual average of over 1.12 million since 2013, according to the Bangladesh Bureau of Statistics (BBS). Despite the sluggish...

Export of billets: GPH leads the way in innovation

NAZIMUDDIN SHYAMOL | 2024-12-04 00:00:00

CHATTOGRAM, Dec 03: After the country gained independence, only a few items, including tea, leather, and frozen fish, were in the export basket, but with the passage of time the basket has expanded, earning lots of foreign exchange and making...

UCB Investment, an example to follow to avoid negative equity

MOHAMMAD MUFAZZAL | 2024-12-04 00:00:00

Margin loan is one of the products of UCB Investment Ltd. (UCBIL) but it has successfully avoided negative equity by setting up its own criteria for lending money to its clients for stock investment. The investment bank, which began its...

Renewable energy sector gets a boost

Sarker Nazrul Islam | 2024-12-04 00:00:00

Much to the delight of the countrymen, the government has started working to bring necessary reform to the energy sector as is evident from the annulment of the Quick Enhancement of Electricity and Energy Supply (Special Provision) Act 2010 that...