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$250m WB budget aid unlikely this fiscal

SYFUL ISLAM | 2023-03-01 00:00:00

With majority of reform requirements missing, coupled with some other factors, the World Bank is unlikely to release the second tranche worth $250 million from a credit line this fiscal year.Officials said so as representatives of the Washington-based multilateral lending...

T-bonds trading on bourses: Supply runs dry against high demand

BABUL BARMAN | 2023-03-01 00:00:00

Although trading of Treasury bonds began on the country's stock exchanges four months ago, transactions are yet to gain momentum mainly due to supply shortage. Only 10 trades amounting to Tk 5.99 million of T-bonds have taken place since the...

Insurance penetration, technology adoption, & economic growth in Bangladesh

Shihab Uddin Ahmad and Muhammad Shafiullah | 2023-03-01 00:00:00

By fiscal year 2021-22, Bangladesh remains a developing country with a per capita gross domestic product (GDP) at US$2,687 and the GDP growth rate at 7.10 per cent. The country aims to become a developed (i.e., a high income) country...

Tax revenue collection at below-average rate

DOULOT AKTER MALA | 2023-02-28 00:00:00

The collection of government tax revenues continued to grow at below-average rate in the first seven months of the current fiscal year (FY), 2022-23, compared to that of the corresponding period of the last fiscal.The slow growth is reflected in...

Regulator's instruction to OTC cos to shift to ATB not heeded

MOHAMMAD MUFAZZAL | 2023-02-28 00:00:00

Nearly one and a half years have passed after the securities regulator asked 18 companies of over-the-counter (OTC) market to shift to the Alternative Trading Board (ATB), but there has hardly been any move to comply with the directive. Trading...

Drives to check fire safety should not stop

Syed Fatttahul Alim | 2023-02-28 00:00:00

This is the time of the year when the air is hot and dry. So, it is the perfect time for fire incidents. But as always, the awareness level of the public about possible fire mishaps remains as low as...

Let us now praise the rich

Hasnat Abdul Hye | 2023-02-28 00:00:00

There is no sarcasm in the caption of this write- up, as there was not a whiff of it in the book written by James Agee, Let Us Now Praise the Famous Men (1958), from which it is borrowed, albeit...

DMTCL cuts MRT-5 South cost to $4.9b

MUNIMA SULTANA | 2023-02-27 00:00:00

The Dhaka metro rail company has revised the estimated cost of MRT-5 South to US$ 4.9 billion from the previous $5.5 billion, requesting the project's financier to increase its funding for the technical mega project for avoiding co-financing-related complications.Road Transport...

Sugar imports now made cheaper

DOULOT AKTER MALA | 2023-02-27 00:00:00

Sugar-import costs are to fall substantially as the revenue board offered concessionary duties to rein in its record-high prices during the upcoming holy month of Ramadan.The downward revision of import taxes is also aimed at narrowing the gap between the...

World's top management bosses and Bangladesh's migrant workers

Neil Ray | 2023-02-27 00:00:00

In a letter published in the 'Letters to the Editor' column a few weeks ago, its writer lamented that India produces Chief Executive Officers (CEOs) for global multinational companies (MNCs) in America, while we in Bangladesh are busy wrangling over...

Growth of the new poor

Syed Fattahul Alim | 2023-02-27 00:00:00

With the Ramadan approaching, the prices of basic daily necessities have again started to spiral upwards. Every kind of item of daily use in the kitchen market has gone up. Prices of egg, chicken, beef, mutton and fish are on...

Global suppliers queue up for exporting food grains

REZAUL KARIM | 2023-02-26 00:00:00

Top food-exporting countries and organisations have expressed their interests in supplying food grains and commodities to Bangladesh as the country is witnessing soaring prices of the essential items in the domestic market.Officials said the offers were coming to the authorities...

Remembering AKN Ahmed, an iconic central banker

Syed Ashraf Ali | 2023-02-26 00:00:00

A K Nazir Uddin Ahmad was popularly known as A.K.N. Ahmed, or simply by the initials AKN. He served as the second governor of Bangladesh Bank, the central bank of the country, from November 19, 1974 to July 13, 1976....

A thriving partnership throughout the decades

Charles Whiteley, Winnie Estrup Petersen, Marie Masdupuy, AchimTröster, Enrico Nunziata, Anne van Leeuwen, Francisco de Asis Benitez Salas, and Alexandra Berg von Linde | 2023-02-26 00:00:00

1973 was an eventful year. The Watergate scandal, the end of the war in Vietnam and the international oil price crisis following the Yom-Kippur-war all took place in 1973. The European Union (EU) saw its first enlargement, increasing its number...

Efficient public transport system answer to motorbike menace

Asjadul Kibria | 2023-02-26 00:00:00

A lack of a farsighted public transport policy has led to a worrisome expansion of an inefficient and chaotic public transport system in Bangladesh as a whole. The situation in the capital city, in particular, beggars description. In the absence...

Higher non-operating income: State-run energy cos deviating from business norm

Mohammad Mufazzal | 2023-02-26 00:00:00

TITAS Gas Transmission & Distribution Company's profit grew at 27 per cent year-on-year for the October-December quarter of the FY23, mainly riding on non-operating income.Its non-operating income was Tk 674.89 million in the quarter while operating income was Tk 543.66...

Govt unfavours cattle import from neighbouring countries

REZAUL KARIM | 2023-02-25 00:00:00

The government is not in favour of importing cattle from the neighbouring countries with a view to protecting interest of the domestic livestock sector.A government body-- Department of Livestock Services (DLS)--says 'no' to a proposal of the commerce ministry to...

Move to spur potato production, export

TALHA BIN HABIB | 2023-02-25 00:00:00

The government has made a move to increase both production and export of potato at full length with an eye to ensuring fair prices of this spud for farmers.As part of the initiative, agriculture ministry has recently prepared a roadmap...

Salt prices halve in peak season

NAZIMUDDIN SHYAMOL | 2023-02-25 00:00:00

CHATTOGRAM, Feb 24: The salt farmers are incurring losses due to a fall in prices of the commodity. The ground-level price of salt was Tk 500 per maund and mill-gate price Tk 570 per maund in the first week of...

The perspective of Rangamati

Nuruddin Md Shibly Noman | 2023-02-25 00:00:00

People around the globe travel from one place to another either for the purpose of recreation and relaxation or economic activity. This act of intentional mobility involving a set of social, cultural, and economic doings on their part can be...

The Spring is late to announce its regal presence

Nilratan Halder | 2023-02-25 00:00:00

It is time for trees to shed leaves and the migratory birds to spread their wings on their long journey home. The deciduous forests in particular present a vacant look as if life has been taken out of them. However,...

Patient satisfaction for measuring the quality of hospital care in BD

Hasnat M Alamgir | 2023-02-25 00:00:00

When a patient's expectation in a health encounter is met, the patient is said to be satisfied and when not, the patient remains unsatisfied. Two patients receiving the exact same care from a healthcare professional or service provider can differ...

Ring road around jammed Dhaka hits roadblocks

MUNIMA SULTANA | 2023-02-24 00:00:00

Planned outer ring road surrounding the crammed Dhaka city hits roadblocks as the project's part-financier Japanese investor goes cold, sources said, while the capital smarts under nagging traffic jam.The sources said Marubeni Corporation of Japan rather showed interest in constructing...

Credit package for Bangladesh to cure financial faults

SYFUL ISLAM | 2023-02-24 00:00:00

Bangladesh's economic health will improve if the ongoing IMF loan programme is implemented properly, says an executive of the Fund that disapproves of blanket subsidies.Krishna Srinivasan, director for Asia-Pacific Department of the International Monetary Fund, is of the opinion that...

A brief history of Islamic banking in BD

Foyasal Khan | 2023-02-24 00:00:00

M Azizul Huq (1935-2020) was undoubtedly a pioneering figure who made unique contribution in the early stages of the establishment of Islamic banks in Bangladesh. He started his banking career with Habib Bank in1958 in Karachi, Pakistan. Since then, he...

Livelihood options for internal refugees

Nilratan Halder | 2023-02-24 00:00:00

A study titled, "Impact of climate change on livelihoods & its alternative solutions for the people living in south-west coastal & slum areas in Bangladesh" has come up with findings quite unsettling if not surprising. The three-month study conducted between...

BRT project faces setback again

MUNIMA SULTANA | 2023-02-23 00:00:00

The implementation progress of the troubled BRT project slowed down again as the two Chinese contractors have failed to achieve the monthly targets, sources said.They said the contractors could not mobilise construction materials for not being able to pay the...

Prelude to pruning tax exemptions ensues

DOULOT AKTER MALA | 2023-02-23 00:00:00

An analysis of loss of revenues incurred in the incentives provided to industries is to begin soon to help prune the waiver facility prudently.The International Monetary Fund (IMF) and the Asian Development Bank (ADB) are giving the joint backup to...

Save LafargeHolcim, cement industry takes severe blow in 2022

BABUL BARMAN | 2023-02-23 00:00:00

2022 was a year of bad business for the overall cement industry. Out of the seven cement companies listed, three went into the red and three others saw their profit slowing down at 15-30 per cent. LafargfeHolcim is the only...

In quest of a perfect education system

Ramesh Mudgal | 2023-02-23 00:00:00

Education is indeed the most significant area of discussion for any country. Every day, hundreds of people, including academics, politicians, and investors, talk about this because all of them believe that the education sector is getting bigger. While talking about...