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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...

Can the interim government steer the nation forward?

CAF Dowlah | 2024-12-04 00:00:00

The unfolding events in Bangladesh leave no room for doubt-the nation stands precariously at a perilous crossroads. The interim government, once heralded as a beacon of hope following the ouster of a despotic regime, now faces a rapid and alarming...

Rebalance, rebuild, reconstruct after the revolution

Abu Rushd, M Zakir Hossain Khan and Salman Chowdhury | 2024-12-04 00:00:00

The name of Sheikh Hasina has become synonymous with brutal human rights violation in Bangladesh as she fled to India, leaving the people to be continued victims of her regime. However, it is not going to be easy for the...

Winning the battle vs the war

Abu Rushd, M Zakir Hossain Khan and Salman Chowdhury | 2024-12-03 12:00:00

As the world watched, in the spring of 2003, when then-Major General David Petraeus led the 101st Airborne Division into Baghdad, he sent out a historic radio call. His words were not about a victory lap but about the massive,...

India's proposal for bandwidth transit to NE states rejected

ISMAIL HOSSAIN | 2024-12-03 00:00:00

Bangladesh has rejected a proposal for the transit of bandwidth to India's northeastern Seven Sisters states, marking a pivotal moment in the region's digital infrastructure landscape.The project, spearheaded by Summit Communications and Fiber at Home in collaboration with India's Bharti...

Energy companies forewarn gas cutoff for liquidity crunch

DOULOT AKTER MALA | 2024-12-03 00:00:00

State-owned energy companies forewarn gas cutoff following impending acute liquidity crisis attributable to nearly Tk 27 billion overdue refund of excess taxes charged by taxmen. Petrobangla has reported that the gas-supply system is under threat from fund shortfall affecting gas-distribution...

Kattali Textile to face the music for money laundering

BABUL BARMAN and FARHAN FARDAUS | 2024-12-03 00:00:00

Kattali Textile has laundered money from the funds raised through its 2018 IPO, and now the stock market regulator has handed its investigation report to the CID for actions under the Money Laundering Prevention Act 2012.A primary investigation by the...

Stop mindless decimation of forests, hills

Syed Fattahul Alim | 2024-12-03 00:00:00

Pro-development people often look upon pro-environment activists as anti-development. But one need not be an environmentalist to be concerned about destruction of forests, filling up of wetlands, flattening of hills and grabbing of all open spaces for building roads or...

Solving problems of seven colleges

Helal Uddin Ahmed | 2024-12-03 00:00:00

Sudden and whimsical decisions without any consultations whatsoever were the hallmark of the ousted autocratic regime that ruled the country for over 15 years. Take for example, the 'daylight saving time' that was introduced all of a sudden in June...

A possible game-changer for BD's sustainable growth

JASIM UDDIN HAROON & GULAM RABBANI | 2024-12-02 00:00:00

Amid the ongoing foreign exchange volatility, local businesses could attract substantial capital through "foreign private equity funds", offering a lifeline to the crisis while fostering sustainable growth.Launched in 2020, the foreign private equity fund BMA, supported by globally renowned institutions,...

Tarique, Babar, others acquitted

GULAM RABBANI | 2024-12-02 00:00:00

Exiled acting BNP Chairman Tarique Rahman, former state minister for home affairs Lutfozzaman Babar and all other accused of the August-21st grenade attack on an opposition rally are now exonerated. The High Court Sunday struck down the verdict pronounced by...

Illegally run private universities should be closed down

Neil Ray | 2024-12-02 00:00:00

The University Grants Commission (UGC), the country's regulatory authority of higher education, has sounded, like previous years, through a public notice a warning for aspiring HSC-passed candidates not to get admitted to eight private universities. Those eight varsities are ineligible...

Resuscitating dying banks

Syed Fattahul Alim | 2024-12-02 00:00:00

The banking sector of the country has been made to bleed on an unprecedented scale during the past one and a half decades of the previous government overthrown on August 5 last. Unsurprisingly, Dr Ahsan H. Mansur, the current governor...

Up to 40pc of ADP funds embezzled in 15 yrs

JAHIDUL ISLAM | 2024-12-01 00:00:00

Around 23.33 per cent to 40 per cent of government money allocated under the Annual Development Programme (ADP) in the last 15 years has been embezzled through various forms of corruption, according to a draft report of the White Paper...

Cos prefer bank loans to delayed funding through IPO

Mohammad Mufazzal | 2024-12-01 00:00:00

The approval of an IPO (initial public offering) proposal takes longer in Bangladesh than in peer countries in the absence of any clear guidelines to comply with for public offerings, say merchant bankers. They say the estimated time to receive...

‘Pardon Us, Coming Through’ brings win for BUP

KHALID SAIFULLAH KHAN | 2024-12-01 00:00:00

In the modern world, innovative ideas and executions lead to extraordinary products; to emphasise the importance of such revolutionary changes around the world, BAT (British American Tobacco) Bangladesh has been organising the "Battle of Minds" competition since 2004. Since the...

Stop unethical practices in health sector

Atiqul Kabir Tuhin | 2024-12-01 00:00:00

Over diagnosis through excessive tests and unnecessary medication prescribed by some doctors is a common complaint. It is widely alleged that these doctors prescribe many redundant tests and costly medicines more to oblige to diagnosis centres and medicine manufacturers than...

S Alam's cunning move to shield his empire

Asjadul Kibria | 2024-12-01 00:00:00

A business conglomerate, now infamous for allegedly siphoning billion of dollars from Bangladesh, has issued a threat to the country's central bank governor, indicating its intention to initiate international arbitration procedures against Bangladesh. This development, stemming from the governor's public...

Judicial reform roadmap

Serajul I Bhuiyan | 2024-11-30 12:00:00

The release of the Progress Report on the Judicial Reform Roadmap on November 25, spearheaded by Chief Justice Dr Syed Refaat Ahmed, represents a pivotal moment in the evolution of Bangladesh’s judiciary. This milestone reflects the Interim Government’s unwavering dedication...

Science ministry to propose Tk 13.7b cut in revised FY25 budget

JAHIDUL ISLAM | 2024-11-30 00:00:00

The Ministry of Science and Technology has decided to propose a Tk 13.7 billion allocation reduction in the current fiscal year's revised budget due to sluggish implementation of development projects and low revenue mobilisation. The reduced allocation is Tk 122.03...

Cold storage owners for storing 1m tonne potato annually

REZAUL KARIM | 2024-11-30 00:00:00

Cold storage owners have suggested the government procure and preserve one million tonnes of potatoes annually to control artificial price hikes of the widely-consumed item, sources say.Bangladesh Cold Storage Association (BCSA) recently sent the proposal and requested necessary action be...

Taskforce may recommend deferring BD graduation

DOULOT AKTER MALA | 2024-11-30 00:00:00

Bangladesh's graduation to a middle-income country is deemed premature now and the economic-reform taskforce may recommend delay in the status change that would forfeit its trade and aid benefits. Dr KAS Murshid, the team leader of the taskforce tasked by...

Next budget presumed bigger at Tk8.45t

SYFUL ISLAM | 2024-11-30 00:00:00

A little bigger next budget than the current one is being envisaged by the interim government through taking into account prevailing internal and external factors that affect the country's economy, officials said.The budget outlay for fiscal year 2025-26 can be...

How misplaced priorities have governed human minds

Nilratan Halder | 2024-11-30 00:00:00

Human mind is shaped by an array of physical, mental, social, cultural, religious and geographical elements. Both hereditary or genetic and environmental influences go into the making of the mind. There is nothing absolutely evil or good in the bargain....