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FDI inflow shows positive trend

Asjadul Kibria | 2023-05-14 00:00:00

Annual inflow of foreign direct investment (FDI) into Bangladesh again crossed US$3.0-billion mark, after three years, in the last calendar year. The amount stood at $3.48 billion, recording a 20 per cent growth over 2021 when the net inflow of...

BTRC readies draft guideline for .bd and .bangla domains

ISMAIL HOSSAIN | 2023-05-13 00:00:00

The country's telecom regulator has prepared a draft guideline for administering domains .bd and .bangla (in Bangla character). The Bangladesh Telecommunication Regulatory Commission (BTRC) issued the much-needed guideline, open for stakeholders' opinions. The guideline did not make trade licence mandatory...

Export panel calls for fixing issues

REZAUL KARIM | 2023-05-13 00:00:00

The national committee on export exhorts stakeholders to address issues like introduction of export credit guarantee scheme, making the Export Development Fund realistic and providing duty-free import of raw materials to meet post-graduation challenges.It also calls for incentivising export sectors...

Rules allowing exit from locked-in TIN ready

DOULOT AKTER MALA | 2023-05-13 00:00:00

The government is set to introduce exit policy for taxpayers for the first time to rid cross-sections of people, including expatriates, locked in TIN forever once taken. The revenue authority is likely to incorporate a provision of de-registration into the...

Islamic Syndication

Md. Touhidul Alam Khan | 2023-05-13 00:00:00

Islamic syndicated finance is a type of financing where multiple financial institutions collaborate to provide funding to a borrower. Similar to conventional syndicated finance, there is a lead bank that manages the process. However, in Islamic syndicated finance, the financing...

Looking for small bliss all around

Nilratan Halder | 2023-05-13 00:00:00

Rabindranath lamented the inability to venture a couple of steps out of home and see from close quarters a dew drop on an ear of paddy. Although there is no dearth of enthusiasm in embarking on journeys across countries to...

Affordable housing gap-need for financing environment

Md Abdul Latif | 2023-05-13 00:00:00

After attaining independence in 1971 and facing hundreds of challenges, Bangladesh went through a remarkable developmental journey for the last five decades and achieved self-sufficiency in food and basic yarn production. It is also true that though Bangladesh has many...

EVs slowly gaining foothold in BD

MUNIMA SULTANA | 2023-05-12 00:00:00

Electric vehicles (EVs) of world-famous brands, including Tesla and Porsche, are slowly gaining a foothold in Bangladesh because of the effective registration and operation policy for such vehicles.In the recent past, some of the EVs of renowned brands entered Bangladesh...

Carbon tax on cars likely in next budget

DOULOT AKTER MALA | 2023-05-12 00:00:00

Levying carbon tax on private cars and increasing the rate of wealth surcharge are among budgetary means the government envisages to narrow growing income inequality, as Bangladesh reportedly sees rise of some super-rich. The budget for the fiscal year (FY)...

PM not for spendthrift election budget  

SYFUL ISLAM | 2023-05-12 00:00:00

Lowering inflation, containing unnecessary imports and expanding the social-safety net for the have-nots may feature the forthcoming budgetary measures as Prime Minister Sheikh Hasina suggests and discourages spendthrift election budget.     She gave the direction on Wednesday night when the draft...

Tax incentive removal: why the proposal raises concern over long-term financing

MOHAMMAD MUFAZZAL | 2023-05-12 00:00:00

For yearly income of Tk 600,000 a taxpayer has to pay Tk 25,000 tax to the government exchequer. But if he/she has invested up to TK 120,000 out of the income in the secondary market, the yearly tax payment will...

Big picture of economics of development

Asjadul Kibria | 2023-05-12 00:00:00

The word or term ‘development’ is mostly used to refer to a specified state of advancement or economic growth. Development is generally considered a process creating growth, progress or positive change. In a broader perspective, however, the definition development encompasses...

Global call to end support for fossil fuels & promote renewable energy

Khondaker Golam Moazzem, Rafat Alam, Helen Mashiyat Preoty and Mashfiq Ahasan Hridoy | 2023-05-12 00:00:00

On the background of geopolitical challenges, the 49th G7 Summit to be held in Japan, will be a major event for developed countries to review their ongoing pursuit to address the global climate crisis and to pave the way for...

Highest inequality of opportunities undermines South Asia

Nilratan Halder | 2023-05-12 00:00:00

South Asia is home to the world's highest inequality of opportunities, the World Bank discloses in its latest report on regional economy on Tuesday last. The shocks suffered by the region in the past three years---first on account of Covid-19...

Govt may miss tax collection target

DOULOT AKTER MALA | 2023-05-11 00:00:00

The government is unlikely to achieve its tax revenue collection target this fiscal as the mobilisation pace remained in single digit until April for a persistently sluggish economic trend.Revenue collection growth remained below the last five years average growth 12...

Most multinational cos show signs of strong recovery in Jan-March

BABUL BARMAN | 2023-05-11 00:00:00

Most listed multinational companies posted higher profits in the first quarter of this year compared to the same period last year on the strength of managerial efficiency, brand value, and product price hike. The businesses performed better despite raging inflation...

Bay Terminal to spur maritime activities

NAZIMUDDIN SHYAMOL | 2023-05-11 00:00:00

CHATTOGRAM, May 10: The Bay Terminal to be built on Patenga coastline with all modern facilities will boost the capacity of the country's prime seaport of Chattogram.Maritime activities in Bangladesh will be increased, thanks to the terminal, hopes the business...

Biden-Trump 2024 and the American presidency

Syed Badrul Ahsan | 2023-05-11 00:00:00

The eighty-year-old Joe Biden has made it known that he is ready to have a new four-year term in the White House. That ought to be looked at as quite a normal happening in American presidential politics. Every four years...

Govt works on three more long bridges

MUNIMA SULTANA | 2023-05-10 00:00:00

After the successful completion of the country's longest and most challenging Padma Bridge, the Bangladesh Bridge Authority (BBA) is planning to build three more bridges with expected lengths between 8.0 and 10 kilometers each. The BBA, which executed the 6.15...

Medicine prices silently swell beyond affordability

DOULOT AKTER MALA | 2023-05-10 00:00:00

Prices of almost all medicines have increased manifold silently to the misery of commoners some of whom skip lifesaving recipe to manage rising cost of living, latest market surveys show.Prices of some drugs, which are used for communicable and non-communicable...

Shipbreaking yards now get red environmental status

NAZIMUDDIN SHYAMOL | 2023-05-10 00:00:00

CHATTOGRAM, May 09: Chattogram's shipbreaking yards have been reclassified from orange to red environmental status by the Department of Environment (DoE), according to the recently published Environment Protection Regulations-2023. This means that wreckers must now obtain separate environmental clearance for...

85pc work completed, trial run likely this year

NAZIMUDDIN SHYAMOL | 2023-05-09 00:00:00

CHATTOGRAM, May 08: A total of 85 per cent work of the under-construction Chattogram-Dohazari-Cox's Bazar-Gumdhum (CDCG) train route has already been completed. The CDCG authority is trying to complete the project before the extended schedule and is expecting to conduct...

BTTC identifies supply chain anomalies

REZAUL KARIM | 2023-05-09 00:00:00

The Bangladesh Trade and Tariff Commission (BTTC) has identified anomalies in the supply chain by sugar refiners, which led to an artificial crisis of crystal sugar on the local market.It has already sent a report on the findings to the...

Essentials will be pricier, rain or shine

Syed Fattahul Alim | 2023-05-09 00:00:00

Though the Eid-ul-Fitr is over, the kitchen market shows no sign of cooling down. The essential items in the shopping list at the kitchen market including soybean oil, sugar, potato and onion are getting pricier. So are the prices of...

BBA plans to call fresh tender, hire new firm

MUNIMA SULTANA | 2023-05-08 00:00:00

The Bangladesh Bridge Authority (BBA) will look for hiring a new contractor through fresh tender for toll collection and operation of the Bangabandhu Jamuna Bridge (BJB) - due to failure in negotiation with the lowest bidder selected in a bid...

Big-budget infrastructure upgrade planned with WB funding

DOULOT AKTER MALA | 2023-05-08 00:00:00

A big-budget project costing Tk 20 billion is framed to upgrade infrastructures of customs and VAT offices to enable them to meet growing demand for trade and transit facilitation, officials say.The National Board of Revenue (NBR) has framed the project...

Sales decline drove profit of automobile industry down in nine months

BABUL BARMAN | 2023-05-08 00:00:00

Sales of commercial vehicles almost halved in the nine months through March, compared to the same period a year ago amid runaway inflation. The country's automobile sector took a fresh blow following the pandemic as Russian troops invaded Ukraine in...

Preparedness for an earthquake

Neil Ray | 2023-05-08 00:00:00

Of all the natural calamities, earthquake is off limit to scientific and technological predictions. Even the eruption of a volcano is detected hours or even days before, leaving enough time for people living in its vicinity under grave threats to...

Dhaka waking up to frequent quakes

Syed Fattahul Alim | 2023-05-08 00:00:00

The earthquake that the residents of the capital city woke up to on Friday (May 5) morning was of 4.3 magnitude on the Richter scale. The United States Geological Survey (USGS) was the first to detect the seismological activity, its...

Policy goes under review 10 years after approval

MUNIMA SULTANA | 2023-05-07 00:00:00

The integrated multimodal transport policy is going to be reviewed 10 years after approval as no objectives could be fulfilled despite increased investments in road, rail, air and waterway sectors.The policy was approved in October 2013 with the incorporation of...