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Unravelling the stock market debacle

Atiqul Kabir Tuhin | 2024-10-31 12:00:00

The country's stock market has long been in a state of turmoil. While fluctuations in share prices are natural, the volatility of the capital market has escalated to scandalous levels, an unusual trend seldom found in other bourses worldwide. During...

Workplace hazards of BD's healthcare providers

Hasnat M Alamgir | 2024-10-31 00:00:00

Discussions about health sector reform have been intense lately. With experts from diverse backgrounds opining on what needs to be fixed, little is on the table about healthcare workers' health, safety, and well-being. Without taking care of the workers who...

Regional & global alliances: past & present

Syed Badrul Ahsan | 2024-10-31 00:00:00

The recent BRICS summit in Kazan was an unqualified success for Russian President Putin. It was his moment to demonstrate to his enemies in the West that despite the sanctions imposed on him over the Ukraine issue, he remains a...

Forex rate stability helps boost external reserves

Siddique Islam | 2024-10-30 00:00:00

The exchange rate of Bangladeshi Taka (BDT) against the US dollar has long been witnessing stability, easing its sales pressure to a greater extent and giving an impetus to the country's foreign-exchange reserves. The US currency is now selling to...

Brokers advise against labelling of stocks

Mohammad Mufazzal | 2024-10-30 00:00:00

Brokers of the Dhaka bourse have demanded the removal of the existing categorisation of securities, saying it creates scope of manipulation in the secondary market.The DSE Brokers Association (DBA) on Monday sent a letter to the Bangladesh Securities and Exchange...

The state of global financial architecture

Hasnat Abdul Hye | 2024-10-30 00:00:00

War and conflicts involving countries have always affected the way they trade among themselves and pay for the same, using reserve currencies. The trading and financial order prevailing before the second world war having become dysfunctional, some would say functious...

Sunset Clause in law to show investors end of tax-breaks

Doulot Akter Mala | 2024-10-29 00:00:00

Government's revenue authority moves to frame a legal Sunset Clause to enable investors to project their cost of business knowing when their tax-cut benefit ends, under a fiscal-reform package.The move comes as per one condition tagged by the World Bank...

Leading drug makers show promise, with double-digit growth

BABUL BARMAN | 2024-10-29 00:00:00

The leading drug makers secured a double-digit year-on-year growth in profit in FY24, driven by higher sales amid stability in the forex market.Based on the profit growth, they declared higher cash dividends for FY24, compared to the previous year."The drug...

Navigating constitutional predicaments in post-Hasina Bangladesh

CAF Dowlah | 2024-10-29 00:00:00

President Shahabuddin’s conflicting statements regarding Sheikh Hasina’s resignation have ignited a nationwide outcry and demands for his immediate removal, plunging the country into a profound constitutional crisis. The interim government’s muddled response has only deepened the turmoil. One adviser accused...

Breaking market syndicates

Syed Fattahul Alim | 2024-10-29 00:00:00

The report that members of the Anti-Discrimination Students Movement, in short, Movement, in Khulna will sell essential commodities from non-profit sales centres raises our spirits. That is for the simple reason that it is the same students who took to...

Local currencies to promote intra-regional trade

Helal Uddin Ahmed | 2024-10-29 00:00:00

Intra-regional trade among the member-countries of South Asian Association for Regional Cooperation (SAARC) is still negligible or minimal compared to their total trade volume. Trading between these countries account for only about 5 per cent of their total foreign trade....

Some 2.0m e-returns expected this year

DOULOT AKTER MALA | 2024-10-28 00:00:00

Some 2.0 million electronic tax returns are expected this year following encouraging responses from taxpayers, as the revenue board is transitioning from the cumbersome manual filings. Both electronic tax -return registration and submission have surged significantly after the National Board...

Call money heats up but treasuries stay steady

SIDDIQUE ISLAM AND JUBAIR HASAN | 2024-10-28 00:00:00

Call money in interbank transactions heats up while treasuries stay steady following the policy-rate hike by the central bank in government bid for taming stubborn inflation.Bankers said the interbank call-money rate marked a significant rise Sunday. The weighted average rate...

When demands are for the impossible

Neil Ray | 2024-10-28 00:00:00

They intruded, not gate-crashed as before, into the compound of the secretariat and demanded their reward. But unfortunately, this time the interim authority was in no mood to entertain their request. The law enforcement agencies made it sure that the...

Pledges to fight corruption

Syed Fattahul Alim | 2024-10-28 00:00:00

The pledge the interim government's adviser to the youth, sports, labour and employment ministry made the other day at an event organised by a consumer rights body saying that corrupt businesses would be brought to justice is no doubt reassuring....

Govt to restore tax incentives for renewable energy power plants

DOULOT AKTER MALA | 2024-10-27 00:00:00

A restoration action comes soon from the interim government to reinstate the fiscal package for renewable energy-based power plants to attract potential investors.Renewable energy investors would enjoy tax breaks until 2030 on the income derived from power generation, officials said.On...

Premier Bank plans doubling its CMSME financing in 3-5 years

Siddique Islam | 2024-10-27 00:00:00

The Premier Bank has planned to double its financing in the cottage, micro, small and medium enterprises (CMSMEs) to bring more unbanked people in the banking network in the next three to five years, the bank's top executive has said.Under...

Risks higher capacity motorbikes pose

Atiqul Kabir Tuhin | 2024-10-27 00:00:00

The recent launch of the Royal Enfield motorcycles in Bangladesh has created quite a stir among bike lovers. This launch followed the government's decision to lift restrictions on motorcycles with engine capacities exceeding 165cc to allow bikes up to 375cc....

Rising pressure of foreign debt servicing

Asjadul Kibria | 2024-10-27 00:00:00

The sharp increase in public debt has become a matter of concern worldwide for the last few years, and different international organisations have already raised red flags in this regard. Last month, the World Economic Forum (WEF) released its 'Chief...

Six priority areas up for reforms

SYFUL ISLAM | 2024-10-26 00:00:00

Six priority areas are up for reforms under conditions binding a World Bank-offered budget-support credit, including an overhaul in fiscal, revenue, and public-welfare arenas, officials said.The World Bank is providing the development-policy credit under its Building Economic and Institutional Resilience...

Preserving the legacy

Serajul I. Bhuiyan | 2024-10-26 00:00:00

Transforming Gonobhaban, the official residence of the deposed Prime Minister, into a museum dedicated to the students and people's revolution that led to the downfall of Sheikh Hasina's government, would be a profound symbol of Bangladesh's enduring fight for democracy,...

Memory gives people their special identity but it deceives too

Nilratan Halder | 2024-10-26 00:00:00

Without memory, language, relationships and even an individual identity would never have developed. Related to the neuron, memory is a data processing system. Particularly, working memory serves as a processor capable of encoding and retrieving. What would have happened if...

Franchising opportunities in Bangladeshi retail sector

Razibul Hasan | 2024-10-26 00:00:00

Franchising has emerged as a dynamic business model in Bangladesh, offering entrepreneurs and investors a pathway to tap into established brands and proven systems. The retail sector, in particular, has witnessed significant growth in franchising opportunities. Local brands operating in...

Imports handling witnesses 32pc decline in last six years

DOULOT AKTER MALA | 2024-10-25 00:00:00

The handling of imported goods by private Inland Container Depots (ICDs) fell sharply, nearly 32 per cent, in the last six years, jeopardising returns on investment in these establishments.Each of the ICDs had to invest not less than Tk 3.0...

WB to provide $250m to help with flood losses

Rezaul Karim from Washington, DC | 2024-10-25 00:00:00

The World Bank (WB) will provide a grant amounting $250 million with an eye on helping to recoup the losses Bangladesh suffered due to the recent flood, Finance Adviser Dr Salehuddin Ahmed told reporters on Wednesday in Washington, D.C., United...

BD economy slows, GDP growth forecast down

SYFUL ISLAM | 2024-10-25 00:00:00

An economic slowdown now compared to previous months has prompted the IMF to revise down its growth forecast for Bangladesh in the current fiscal year. "The reason for revising down our growth forecast is response to what we saw in...

Thai company to relinquish stakes to two Chinese firms

MUNIMA SULTANA | 2024-10-25 00:00:00

A Thai company engaged in the maiden expressway construction in Dhaka will finally have to transfer all shares to two Chinese partner firms as the duo wins an international arbitration, ending a deadlock.Officials hope the arbitration verdict, delivered on October...

Emirates and Dubai, each propels the other to greater heights

Sir Tim Clark | 2024-10-25 00:00:00

The Emirates Group, under the leadership of His Highness Sheikh Ahmed bin Saeed Al Maktoum, is without a doubt one of the most successful aviation entities on the planet. Emirates is the world's largest and most profitable all-international airline, and...

Starlink set to launch in BD, but some hurdles remain

ISMAIL HOSSAIN | 2024-10-25 00:00:00

Starlink, SpaceX's satellite-based internet service, is poised to enter Bangladesh, which could significantly transform the country's digital landscape.To allow the satellite internet service, the Bangladesh Telecommunication Regulatory Commission (BTRC) is drafting guidelines, aiming to bridge the connectivity gap in remote...

Challenges in export diversification

Abu Mukhles Alamgir Hossain | 2024-10-25 00:00:00

To sustain the upward trajectory of exports, expanding the range of products in our export basket is essential. The country's foreign exchange reserves are under significant pressure due to inconsistencies in export earnings, which have a ripple effect on import...