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The country facing an economic imbroglio

Syed Fattahul Alim | 2024-12-23 00:00:00

The country's economic growth projection measured in terms of Gross Domestic Product (GDP) in the current fiscal year has been revised downwards to 3.8 per cent by the global lender, the International Monetary Fund (IMF). A review mission of the...

MRT-06 extension work unlikely to meet deadline

MUNIMA SULTANA | 2024-12-22 00:00:00

Work on the extension of the metro rail corridor from Motijheel to Kamalapur station is likely to fail the mid-2025 deadline due to slow progress by its Thai contractor for fund crunch.However, sources said it might take another year for...

BBS grappling with financial data collection from biggies

FHM Humayan Kabir, back from Ashulia | 2024-12-22 00:00:00

As the Economic Census is going on across the country, the national statistical organisation is struggling to collect data especially from the medium to large industrial and commercial units.Most of the enterprises in the segment are reluctant to share necessary...

Railway fails to earn and run

JAHIDUL ISLAM | 2024-12-22 00:00:00

Some Tk 896.21 billion has been invested for railway development over the past decade since a separate ministry for the sector was established in 2012 yet Bangladesh Railways (BR) fails to earn and run on its own largely for what...

Summit power co dodges Tk 11.12 billion in taxes

DOULOT AKTER MALA | 2024-12-22 00:00:00

An investigation by the Central Intelligence Cell (CIC) in the revenue sector has uncovered that Summit Group has evaded payment of Tk 11.12 billion in taxes in the single-largest case of tax-dodging in Bangladesh, officials say.The tax avoidance has occurred...

Building success through patience and connection at new workplace

SEYED MOSAYEB ALAM | 2024-12-22 00:00:00

Starting a new job can feel overwhelming. You're excited to prove yourself, but figuring out how everything works can be tricky in Bangladesh, where relationships and respect for seniority matter, understanding the workplace culture is critical to doing well. If...

Ship makes second direct arrival from Pakistan

NAZIMUDDIN SHYAMOL | 2024-12-22 00:00:00

CHATTOGRAM, Dec 21: A ship carrying goods directly from Pakistan has arrived in Bangladesh waters for the second time. The Panama-flagged carrier, Yuan Xiang Fa Zhan, arrived in Chittagong Port waters on Friday and is scheduled to berth at the...

Write-offs needed to liberate market from negative equity burden

MOHAMMAD MUFAZZAL | 2024-12-22 00:00:00

Writing off bad debts behind negative equity partially or fully is the ultimate solution of the problem that has been gnawing away at the market's growth potential for more than a decade. Market intermediaries -- merchant banks and brokerage firms...

Why businesses must prioritise ESG reporting

Atiqul Kabir Tuhin | 2024-12-22 00:00:00

As Bangladesh prepares to graduate from a Least Developed Country (LDC), aligning business enterprises with Environmental, Social, and Governance (ESG) reporting standard is becoming a mandatory practice to boost their global competitiveness. ESG reporting is a globally recognised tool for...

Uncertainties in global trade

Asjadul Kibria | 2024-12-22 00:00:00

As the world is preparing willy-nilly to embrace Donald Trump's trade regime, which will take effect from January 20, 2025, there is uneasiness about what will happen immediately after he takes the oath on that day. He will officially become...

Compassion for living beings in distress shows how good a person is

Nilratan Halder | 2024-12-21 12:00:00

In this age of feverish competition for drawing attention, courtesy of social sites, the buzz words are 'going viral'. Some would go to the extra length, even to the point of their own bodily harm for going viral. If the...

Vehicles fined Tk 430m for breaching traffic rules

TALHA BIN HABIB | 2024-12-21 00:00:00

Traffic police have realised nearly Tk 430 million in fines from different vehicles for violation of traffic rules during a special drive in the capital, an official said.The Traffic Division of the Dhaka Metropolitan Police (DMP) fined the vehicles by...

Ministry's plea for Tk 80b govt bond

REZAUL KARIM | 2024-12-21 00:00:00

Industries ministry has requested finance ministry to issue Tk 80 billion worth of government bond to adjust state-run sugar mills' liabilities to six banks, according to officials concerned.The Bangladesh Sugar and Food Industries Corporation (BSFIC) owes Tk 69.50 billion to...

Record salt production likely but farmers sceptical about fair price

NAZIMUDDIN SHYAMOL | 2024-12-21 00:00:00

CHATTOGRAM, Dec 20: Salt farmers in the country are expecting a record-breaking salt production in the current season but at the same time they are also sceptical about fair price of their produce. Farmers' sources said they are concerned about...

Govt primarily decides to remove 10pc bid cap

JAHIDUL ISLAM | 2024-12-21 00:00:00

The government has made a preliminary decision to eliminate the 10 per cent bidding cap in the public procurement system, which disqualifies any offer that is 10 per cent above or below the quoted price in open tendering, officials of...

Reversing outflow of patients for treatment

Sarker Nazrul Islam | 2024-12-21 00:00:00

Bangladeshis, according to report published in this paper, annually spend a staggering US$5.0 billion only in registered medical bills outside the country. But the volume of actual spending will be much larger if the cost of treatment taken on tourist...

Dearness allowance in time of deepening poverty

Nilratan Halder | 2024-12-20 00:00:00

Read between the two pieces of news---one concerning the fall of 7.8 million more people into poverty over the past couple of years and the other savouring the formation of a committee for payment of dearness allowance for government employees---the...

AFC predicts bullish Bangladesh stock market in H2 of 2025

BABUL BARMAN | 2024-12-19 00:00:00

Global fund manager Asia Frontier Capital (AFC) predicted a bullish outlook for Bangladesh's stock market towards the second half of the next year, driven by an economic turnaround.Although Asian frontier markets have significantly outperformed the region for a second year...

Streamlining BCS recruitment process

Atiqul Kabir Tuhin | 2024-12-19 00:00:00

Bangladesh Public Service Commission (BPSC) has introduced several reforms regarding the participation process of the Bangladesh Civil Service (BCS) examination. These include raising the maximum age limit for candidates from 30 to 32 years, reducing the viva exam marks from...

Political clans and generational resemblances

Syed Badrul Ahsan | 2024-12-19 00:00:00

Do physical or more specifically facial resemblances to one's ancestors make a difference? The answer depends on who is being asked the question. And when the query relates to political ancestry, one can be sure that a pretty large number...

MoF asks BB to expedite 5 major acts' endorsement

SYFUL ISLAM | 2024-12-18 00:00:00

The Ministry of Finance has asked the Bangladesh Bank to expedite efforts to formulate and amend five major acts related to banks and non-bank financial institutions, officials say.They say both the World Bank (WB) and the International Monetary Fund (IMF)...

Tk 8.1b to be invested in 3 gas projects

Jahidul Islam | 2024-12-18 00:00:00

The government will invest Tk 8.1 billion in three gas projects over the next two years. They include procuring and installing a 60-MMSCFD processing plant for Bhola North Gas Field, drilling the Rashidpur-11 exploration well in Habiganj, and running a...

TCB plans to buy 240m litres of palm oil from Malaysia

REZAUL KARIM | 2024-12-18 00:00:00

Due to lack of local suppliers, Trading Corporation of Bangladesh (TCB) has planned to purchase 240 million litres of palm oil from Malaysia under government-to-government (G2G) arrangement.The plan is to import 20 million litres per month to sell it with...

Defaulters behind ICB's miseries

Mohammad Mufazzal | 2024-12-18 00:00:00

The Investment Corporation of Bangladesh (ICB) has not been able to recover principal plus interest amounting to more than Tk 9 billion from financial institutions though FDRs kept with them matured five to seven years ago.Most of the 15 banks...

Overcoming input crisis facing Boro cultivation

Sarker Nazrul Islam | 2024-12-18 00:00:00

Short supply of fertilisers and other agricultural inputs or abnormal rise in their prices leaves a serious impact on farm production. Higher production cost discourages farmers from bringing more land under cultivation, especially when fair price of their produce is...

White Paper on the state of Bangladesh economy: some insights & reflections

Golam Rasul | 2024-12-18 00:00:00

The interim government formed a 12-member committee led by Dr. Debapriya Bhattacharya to prepare a white paper on the state of Bangladesh's economy. The purpose is to provide a clear assessment of the current state of the economy, reflecting on...

Pickup begins in development programme implementation

JAHIDUL ISLAM | 2024-12-17 00:00:00

Pickup begins in development-programme implementation, after a transition-time slump, with government ministries and divisions spending Tk 112.36 billion from the ADP outlay in November, around 40 per cent higher than October's rate. Notwithstanding this momentum in implementing the Annual Development...

Rohingya repatriation issue amid changing realities

Syed Fattahul Alim | 2024-12-17 00:00:00

With the insurgent ethnic armed group of Myanmar, the Arakan Army (AA), gaining full control of Maungdaw township on the bank of Naf river that separates Bangladesh from the Rakhine state of Myanmar, it appears that the Myanmar junta has...

Bringing battery-run rickshaws under a policy regime

Helal Uddin Ahmed | 2024-12-17 00:00:00

Rowing boats with oars, paddles or sculls was previously the tradition in the riverways of Bangladesh. But now, these are mostly driven by shallow-machines. Similarly, the plough was mostly used for cultivating land in the past, but this is now...

What holds us back?

Zanjabil Mashkura | 2024-12-17 00:00:00

In a world full of adventure and exploration, tourism holds a powerful place. Walking down the streets of different cultures and witnessing the local lifestyle give an unmatched experience. That's why tourism remains one of the top five exports in...