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New tax aides being raised

DOULOT AKTER MALA | 2023-04-18 00:00:00

A new brigade of tax aides styled Tax Return Preparer (TRP) is being raised for enhancing return submissions and preventing evasions that forfeit many state services to the defaulters. Officials said the National Board of Revenue (NBR) has decided to...

Banks turning away from capital market, with investments far below limit set

MOHAMMAD MUFAZZAL | 2023-04-18 00:00:00

As many as 32 scheduled banks have the scope of investing around Tk 37 billion more in total into the capital market, keeping their exposure to listed securities within the permissible limit on solo basis. At present, the lenders have...

A fiesta of mirth and triumph

Helal Uddin Ahmed | 2023-04-18 00:00:00

Eid-ul-Fitr and Eid-ul-Azha are the two major religious festivals observed by Muslims across the globe. 'Eid' is an Arabic word implying 'joy' or 'festivity', while the meaning of the word 'Fitr' is 'to break' or 'to conquer'(abstinence) for a return...

Vaccines against cancer

Syed Fattahul Alim | 2023-04-18 00:00:00

New advances are being madein cancer treatment. Side by side with the existing therapies including chemotherapy, radiation therapy, targeted therapy (that targets proteins that control growth, division, and spread of cancer cells), andsurgery, new approaches to cancer treatment have been...

Large number of women behind sewing machines but few behind the desks

Md Shakil Ahmed, Afsana Adiba and Tanvir Shatil | 2023-04-18 00:00:00

Readymade garments (RMG) sector is one of the largest employers of Bangladesh, employing around 3.5 million workers in some 5000 factories. Majority of the MRG workers, 60-70 per cent, are females. It is widely recognised that the RMG sector is...

BTRC plans to conduct audits of all its licensees

ISMAIL HOSSAIN | 2023-04-17 00:00:00

The telecom regulator has planned to conduct audits of all its licensees including NTTNs, IGWs and ISPs to ensure transparency and increase revenue for the government. Bangladesh Telecommunication and Regulatory Commission (BTRC) took the decision at its recent meeting, aiming...

Export-import thru Ctg port rises on economic pickup

DOULOT AKTER MALA | 2023-04-17 00:00:00

Export-import trade through Chattogram seaport shows an upturn on a month-on-month basis by official count, in what is seen a sign of economic pickup.The main seaport of Bangladesh, which handles over 90 per cent of the country's export-import operations, recorded...

Bata's historical high dividend fails to boost stock

BABUL BARMAN | 2023-04-17 00:00:00

Bata Shoe Company (Bangladesh) plunged by almost Tk 22 each share on Sunday despite the latest disclosure that showed its return to profit in 2022 after two straight years. The multinational footwear maker posted a profit of Tk 410 million...

Assets become worthless as regulator freezes Alliance Capital's bank accounts

MOHAMMAD MUFAZZAL | 2023-04-17 00:00:00

Investors have been unable to liquidate their assets managed by Alliance Capital Asset Management for more than four months. Trading in open-end mutual funds (MF) -- MTB Unit Fund and Alliance Shandhani Life Unit Fund -- has remained suspended after...

No end of fire tragedies!

Syed Fattahul Alim | 2023-04-17 00:00:00

AS Dhaka and several other districts have been experiencing history's severest heat waves, one busy shopping centre after another, as if in collusion with each other, has also started to burst into flames. The latest in the series has been...

Historic role of Teliapara HQ in Liberation War

Helal Uddin Ahmed | 2023-04-17 00:00:00

Teliapara is a tea garden in Shahjahanpur union of Madhabpur upazila under Habiganj district. Although small in size, the spot bears witness to a crucial chapter in the history of Bangladesh’s Liberation War. When the barbaric Pakistani army started to...

BD cuts energy subsidy to spend more on deserving groups of people: IMF 

SYFUL ISLAM | 2023-04-16 00:00:00

Bangladesh is lowering subsidies to divert higher assistance to targeted groups of people who really deserve it.“They are reducing untargeted fiscal subsidies by making them more targeted to people affected by high energy and electricity prices...,” said Krishna Srinivasan, Director...

MTB's investment recovery plan threatens unit fund under Alliance Capital

Mohammad Mufazzal | 2023-04-16 00:00:00

The sponsor of an open-end mutual fund managed by Alliance Capital is seeking to get its money back to avoid risk after media reports brought forth embezzlement of Tk 450 million by the asset manager. Mutual Trust Bank (MTB) Limited,...

Eid and economics of festival

Asjadul Kibria | 2023-04-16 00:00:00

As fasting gets in the fourth week of the holy month of Ramadan, the Eid-ul-Fitr as a religious festival draws near. Muslims across the world will celebrate their one of the two core religious festivals next Friday or Saturday, subject...

Getting cultural identity of the Bangalees right

Nilratan Halder | 2023-04-14 12:00:00

Celebration of the New Year in one form or other ---in some cases highly colourful and aesthetically refreshing, enriching and enlivening ---is a great occasion for nations and ethnic peoples all across the world. Although the Gregorian calendar has now...

90pc online train tickets sold

MUNIMA SULTANA | 2023-04-14 00:00:00

Five hundred people on average hunted for train tickets against each seat as tickets went on 100-per cent online sales for Eid special trains for the first time.The Bangladesh Railway (BR) has so far been able to sell 90 per...

Documenting Bangabandhu’s visionary approach in governance

Enayetullah Khan | 2023-04-14 00:00:00

Bangladesh’s enviable position in the world today is due in large part to the political philosophy that Father of the Nation Bangabandhu Sheikh Mujibur Rahman exemplified during his three-and-a-half-year tenure. It was not an easy task to take the mantle...

Regional character of Boishakhi celebration

Helal Uddin Ahmed | 2023-04-14 00:00:00

Coinciding with the advent of Bangla New Year, the Boishakhi festival has been a popular and time-tested tradition that demonstrates the rich folk-culture of Bangladesh and South Asia. As is well-known, three types of calendars are generally followed in Bangladesh:...

CEPA may pose risks for domestic industry, jobs

SYFUL ISLAM | 2023-04-13 00:00:00

Signing the proposed Comprehensive Economic Partnership Agreement (CEPA) with India may pose risks for Bangladesh’s domestic industry, revenue and jobs, forecasts a state-sponsored research and training institute.Bangladesh annually imports goods worth nearly $15 billion from its big next-door neighbour wherefrom...

FBCCI to push for removal of source tax on agro-based essentials

DOULOT AKTER MALA | 2023-04-13 00:00:00

The country’s apex chamber is likely to urge the government to keep all agro-based essential commodities out of the purview of source tax - in a bid to ease price burden on consumers.In its budget proposals for the fiscal year...

American values, Trump and the Kennedys

Syed Badrul Ahsan | 2023-04-13 00:00:00

American politics, though not America, is in crisis. With former President Donald Trump indicted on charges of criminal conspiracy --- and do not forget that in his days in the White House he went through two impeachments --- the course...

BD requests AIIB, JICA, Korea to disburse $820m

REZAUL KARIM | 2023-04-12 00:00:00

Bangladesh has requested disbursement of US$ 820 million fund from the development financiers and Korean government, apart from the International Monetary Fund (IMF) loan, officials said.The fund would be used for attaining inclusive recovery from the COVID-19 pandemic fallout, continued...

Income tax ceiling may rise

DOULOT AKTER MALA | 2023-04-12 00:00:00

The government is going to raise the tax-free-income ceiling for individuals in the forthcoming budget for inflation relief amid higher cost of living, besides few other fiscal revisions including amnesty on ‘black money’.Sources concerned said the ceiling might be increased...

The booming export market for mangoes

Jewel Rana | 2023-04-12 00:00:00

Mango is an important fruit in Bangladesh due to its economic, nutritional, cultural, and social significance. It provides livelihood opportunities for millions of people and contributes significantly to the country's economy.The fruit is deeply rooted in the cultures of our...

BSC goes for big shipping business worldwide

SYFUL ISLAM | 2023-04-11 00:00:00

Bangladesh Shipping Corporation (BSC) has opted for big seaborne cargo-transportation business worldwide but partnering a new private company to make it happen raises scepticism, sources said.They say the state corporation that struggles to run its own small fleet through self-arrangement...

Customs now fixes assessment values of dates at import stage

DOULOT AKTER MALA | 2023-04-11 00:00:00

The customs authority has fixed the assessment values of fresh dates at import stage after it has found that the businesses concerned are showing nominal import costs while making windfall profits by fixing exorbitant prices at consumer level.Officials said the...

Bangabazar traders rising from ashes

Syed Fattahul Alim | 2023-04-11 00:00:00

It is in trying times when humankind exhibits its best as well as basest instincts. The conflagration that destroyed the Bangabazar market six days back, turned thousands of small and medium-scale traders, mostly dealing in clothes, into paupers overnight. As...

Why did I study Economics?

Abdullah A Dewan | 2023-04-11 00:00:00

Ever since I received my Ph.D.in economics in 1985, I was often asked by my students and participants in economics conferences as to why did I choose to be an economist - especially after already having degrees in two of...

Passengers' woe continues for train tickets

MUNIMA SULTANA | 2023-04-10 00:00:00

Many passengers expressed their agony and dissatisfaction as they faced several problems while doing registration and payment for the online train tickets.Chaotic situation continues in issuing online train tickets ahead of Eid ul Fitr due to a lack of coordination...

BR blocking illegal level crossings to avoid accident

NAZIMUDDIN SHYAMOL | 2023-04-10 00:00:00

CHATTOGRAM, Apr 09: Bangladesh Railway (BR) Eastern Zone is going to halt traffic at the illegal level crossings. It has already stopped the vehicular movements at 37 level crossings by setting up iron poles on both sides of the railway...