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Donald Trump's historic return

Serajul I Bhuiyan | 2024-11-08 00:00:00

Donald Trump, in his landslide victory in the 2024 United States (US) presidential election, opened a bold new chapter in American politics and marked an unprecedented return to the White House after having first held that office from 2016 to...

VAT waived for export cos

DOULOT AKTER MALA | 2024-11-07 00:00:00

Export-oriented companies would enjoy value-added tax (VAT) waiver on transfer of capital machinery and spare parts on three conditions, one of which is that both of the companies must have valid bond licences, according to a new General Order (GO)...

Key data should be easy for investors to access

MOHAMMAD MUFAZZAL | 2024-11-07 00:00:00

Dhaka and Chittagong stock exchanges should display important financial information prominently on their websites to help investors make investment decisions.For example, price-to-earnings (P/E) ratio and dividend yields of stocks are two important indicators to consider before making equity investments. But...

Leveraging women entrepreneurship

Atiqul Kabir Tuhin | 2024-11-07 00:00:00

It is deeply concerning and indeed a great injustice that female entrepreneurs of the small and medium-sized enterprises hardly have access to collateral-free loans from commercial banks. This is even after the Bangladesh Bank's directive to provide Tk2.5 million loans...

The rise of Kemi Badenoch

Syed Badrul Ahsan | 2024-11-07 00:00:00

The election of Kemi Badenoch as the leader of Britain's Conservative Party and therefore as Leader of the Opposition in Parliament reflects the sea change which has come over politics in the United Kingdom in the past two decades, if...

Doing business environment still difficult despite regime change

MUNIMA SULTANA | 2024-11-06 12:00:00

Japanese companies operating in Bangladesh continue to face difficulties in doing business due to procedural complexities even after the change of government.They pointed out complexities in tax systems, customs clearance, financial regulation and inconsistent policies, according to a survey conducted...

Refiners seek sugar import at 10pc LC margin

REZAUL KARIM | 2024-11-06 00:00:00

Local sugar refiners have urged the government to keep the LC (letter of credit) margin at a lower level for sugar import to ensure its uninterrupted supply during the upcoming fasting month of Ramadan, sources said.The Bangladesh Sugar Refiners Association...

WB agrees to lend $400m for bankrolling project

SIDDIQUE ISLAM | 2024-11-06 00:00:00

A latest World Bank financing worth US$400 million is expected for strengthening financial-safety net and crisis preparedness in Bangladesh, officials said about the funding that specially focuses tidying up the banking sector.The money will go for bankrolling the Financial Sector...

Govt securities boost 20 banks' performance in Jan-Sept

BABUL BARMAN | 2024-11-06 00:00:00

Most of the listed banks secured a double-digit profit growth year-on-year in the nine months through September this year, driven by substantial income from investments in government securities.The net interest income, the core source of income for banks, was not...

Protecting the 'Revolution'

Helal Uddin Ahmed | 2024-11-05 12:00:00

The revolution or the mass upsurge of July-August in Bangladesh was undoubtedly a successful one, which made an apparent impossibility a reality and ignited new hopes and expectations in society. Those who led the movement had stated in clear terms...

BWTCC starts serial system for lighter ships

NAZIMUDDIN SHYAMOL | 2024-11-05 00:00:00

CHATTOGRAM, Nov 04: As part of a reform initiative, a serial system for lighter ships from Chattogram to 34 sea routes was launched on Monday.To make Bangladesh's shipping sector organised, corruption-free, and fair for all involved, the interim government has...

Capital-gains tax cut to half from 30pc

DOULOT AKTER MALA | 2024-11-05 00:00:00

Government's revenue authority halved the tax on capital-gains from sales of shares by individual investors in the stock market.The fiscal perks spurred instant stocks rebound. The National Board of Revenue (NBR) has issued a notification by lowering the tax rate...

Paltry disbursement, high cost of funds compound crisis

SIDDIQUE ISLAM AND JUBAIR HASAN | 2024-11-05 00:00:00

Drawn-out disbursement process and excessive cost of fund in the central bank-guaranteed liquidity feeding to the crisis-ridden commercial banks are making it more of a hindrance than help, bankers said.Because of the delay even in getting the costly cash assistance...

Listed cos say few female candidates up for board positions

MOHAMMAD MUFAZZAL | 2024-11-05 00:00:00

Listed companies are yet to comply with the mandatory provision of appointing at least one female independent director in their boards but they put the blame on lack of eligible candidates.Only a handful of organisations among those listed, including BRAC...

Any answer to Dhaka's traffic mess?

Syed Fattahul Alim | 2024-11-05 00:00:00

Chief Adviser of the interim government, Dr Muhammad Yunus, at a recently held meeting with some officials of Dhaka Metropolitan Police (DMP) and experts on transport engineering from the Bangladesh University of Engineering and Technology (BUET) asked them to find...

Satellite internet in bangladesh: bridging the gap or building new barriers?

ISMAIL HOSSAIN | 2024-11-04 00:00:00

Bangladesh's recent draft policy to regulate non-geostationary satellite operators, like Elon Musk's Starlink, reflects the nation's ambition to extend digital connectivity to remote and underserved areas. Issued by the Bangladesh Telecommunication Regulatory Commission (BTRC), the Regulatory and Licensing Guidelines for...

Why price hike cannot be restrained

Neil Ray | 2024-11-04 00:00:00

The litany of complaints, accusations and protests against manipulative price hikes has been going on for years and decades without redress. A common complaint earlier was that the presence of business Mughals in parliament and the past regime's favouritism for...

How medical costs push up poverty

Syed Fattahul Alim | 2024-11-04 00:00:00

A World Bank (WB) report says that the rate of extreme poverty in Bangladesh in 2024 is projected to rise to 5.1 per cent from 4.9 per cent in 2023. The extremely poor, according to the WB, are the segment...

Power generation at Matarbari plant halts

NAZIMUDDIN SHYAMOL | 2024-11-03 00:00:00

CHATTOGRAM, Nov 02: The production of two units of the Matarbari Ultra Super Critical Coal-Fired Power Plant has been stopped due to a coal shortage with effective from Saturday. The Matarbari power plant had been receiving its coal supply from...

Sale of all-purpose Rapid Passes starts

Munima Sultana | 2024-11-03 00:00:00

The metro rail authorities have stopped issuing new MRT Passes and started selling over-the-counter Rapid Passes at the stations on Saturday.However, the existing MRT passes that have already been issued will remain valid until its holders require it to be...

Realising economic prospects of Karnaphuli Tunnel-

Atiqul Kabir Tuhin | 2024-11-03 00:00:00

The country's first-ever tunnel, built beneath the Karnaphuli riverbed, was opened to traffic with great fanfare and much enthusiasm on October 28 last year, promising to develop Chattogram into a 'one city, two towns' model, akin to Shanghai in China....

Financial literacy the key

Asjadul Kibria | 2024-11-03 00:00:00

Three years back, the Financial Times (FT), one of the world's leading business news organisations, launched a campaign for higher financial education standards by setting up a charity body. The FT Financial Literacy and Inclusion Campaign (FLIC) focused on improving...

Open-bidding NCT operator hiring after long lapse

SYFUL ISLAM | 2024-11-02 00:00:00

A move gets underway to hire an operator to operate Chattogram seaport's New-mooring Container Terminal (NCT) through open bidding as a directly appointed private firm's long reign nears the end. Sources say the latest-renewed term of agreement between Chittagong Port...

PC discourages projects reliant on outsourced manpower

JAHIDUL ISLAM | 2024-11-02 00:00:00

A rethink now comes on undertaking development projects as the Planning Commission under the changed custodian says nay to any project reliant on manpower outsourcing, officials said.The commission has decided in principle not to give its nod from now on...

Move to build Kalurghat bridge

NAZIMUDDIN SHYAMOL | 2024-11-02 00:00:00

CHATTOGRAM, Nov 01: The interim government has initiated a move to construct a new rail-cum-road bridge over the Karnaphuli River at Kalurghat in the port city to ensure smooth communication between Chattogram and Cox's Bazar. Sources said the Executive Committee...

The perilous journey towards soulless pessimism

Nilratan Halder | 2024-11-02 00:00:00

A gregarious animal, man has in modern times anachronistically become lonely and despondent. With the breakup of joint families into fragmented units in the first half of the past millennium, even the Bangalees started to get separated from their immediate...

A key shift in the battleground

Serajul I. Bhuiyan | 2024-11-02 00:00:00

The US Presidential Election in 2024 is shaping up to be one of the most consequential in recent times, the result of which will depend on just a few important battleground states where polarised voter sentiment grows. This high-stakes race...

Making legal parameter conducive to economic growth

Nilratan Halder | 2024-11-01 12:00:00

This country is not particularly known for building a society free from violence and crimes including the bone-chilling types. A people that has emerged independent out of one of the fiercest liberation wars in world history is inured to blood-letting...

e-invoice NBR's latest trial on VAT system

DOULOT AKTER MALA | 2024-11-01 00:00:00

Introducing e-invoice is the latest trial for mending porous VAT-collection system as the revenue board opts for dumping device-based taxing after prolonged piloting, sources say. The National Board of Revenue (NBR) has moved to introduce electronic invoicing system to automate...

CDA shelves plan to build five controversial ramps

NAZIMUDDIN SHYAMOL | 2024-11-01 00:00:00

CHATTOGRAM, Oct 31: At last, the Chattogram Development Authority (CDA) has shelved the plan to construct five controversial ramps of Chattogram Elevated Expressway in response to public protests.Local people had long been staging street demonstrations against the CDA's decision to...