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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...

How to address both poverty and social discrimination

Nilratan Halder | 2024-10-25 00:00:00

It is quite unsettling to know that 41.7 million people in Bangladesh live in extreme poverty with 6.5 per cent of them in critical conditions. The findings by the United Nations Development Programme (UNDP) and the Oxford Poverty and Human...

Institutional reforms & prosperity: relevance to BD

Serajul I Bhuiyan | 2024-10-24 12:00:00

The year 2024 saw three Nobel laureates--Daron Acemoglu, Simon Johnson and James Robinson--receiving the Nobel Prize in Economic Sciences for their valuable research regarding the role of institutions in shaping economic prosperity. This seminal work underlined how political and economic...

Savings likely to be 4.7pc of original cost

MUNIMA SULTANA | 2024-10-24 00:00:00

The cost of the Padma Rail Link Project (PRLP) is likely to be reduced by more than Tk 18.44 billion or nearly 4.7 per cent of the original cost of Tk 392.46 billion, according to Bangladesh Railway.Project officials said the...

BB to start assessing quality of banks' assets next month

REZAUL KARIM from Washington, DC | 2024-10-24 00:00:00

Bangladesh Bank is set to start assessing the quality of banks' assets next month to know the overall situation of the sector, in a prelude to comprehensive reforms."We may start the assessment phase from November," BB Governor Dr Ahsan H....

MTB aspires to double retail, SME financing

SIDDIQUE ISLAM | 2024-10-24 00:00:00

The Mutual Trust Bank (MTB) plans to double its financing in retail and small and medium enterprises (SMEs) to distribute risks by diversifying portfolios in the next three to five years, the bank's top executive says.The investment will reach 40...

Snapping link between seven colleges and DU

Atiqul Kabir Tuhin | 2024-10-24 00:00:00

The students of the seven colleges affiliated with Dhaka University have once again taken to the streets with a three-point demand to address their grievances. This time, central to their movement is the formation of a reform committee to establish...

Israel & the violation of states' sovereignty

Syed Badrul Ahsan | 2024-10-24 00:00:00

Israel's relentless pounding of Beirut raises the critical question of how powerful states in our times as also earlier have with impunity violated the sovereignty of weaker nations. The tragedy at this point is that Benjamin Netanyahu and his extremist-dominated...

Economic uncertainty impacts domestic revenue mobilisation

DOULOT AKTER MALA | 2024-10-23 00:00:00

The ongoing economic uncertainty has affected domestic revenue mobilisation in Bangladesh, resulting in negative growth in the first quarter of the current fiscal year (FY).According to provisional data from the National Board of Revenue (NBR), revenue mobilisation decreased by 6.07...

A year of genocide in Gaza

Hasnat Abdul Hye | 2024-10-23 00:00:00

A year has passed since the war of genocide in Gaza was unleashed by Israel. It has taken a toll of 42,350 lives to date, more than 50 per cent of which are those of women and children. According to...

President's remark irks interim govt

GULAM RABBANI | 2024-10-22 00:00:00

President Shahabuddin's remark that there is no documentary evidence of deposed Prime Minister Sheikh Hasina's resignation triggered tempests in the interim administration and social media, calling in question his presidency. Law Adviser of the post-uprising interim government Prof Asif Nazrul...

Mideast on a tripwire

Syed Fattahul Alim | 2024-10-22 00:00:00

After assassinating Lebanese Shiite militia leader Hassan Nasrallah on September 27 and the killing of Yahya Sinwar, the leader of the Palestinian militia group Hamas on October 17, Israel is now in a state of what in military jargon is...

Reining in essentials prices

Helal Uddin Ahmed | 2024-10-22 00:00:00

Over the past few years, Bangladesh has been falling into an inflationary trap with regard to prices of essential commodities during August-October quarter. Agricultural production is hampered during the period for various reasons including floods, cyclones and supply-chain disruptions, and...

The case for overhaul of constitution in post-Hasina Bangladesh

CAF Dowlah | 2024-10-22 00:00:00

The interim government, led by Prof. Yunus, has established more than half a dozen commissions, signaling an agenda that goes beyond merely organising free and fair elections. The government appears intent on initiating broad reforms across key sectors, including a...

Devolvement on PDs in primary auction of govt securities set to go

SIDDIQUE ISLAM | 2024-10-21 00:00:00

Devolvement on Primary Dealers (PDs) in primary auction is set to be withdrawn shortly to ensure market-driven yields on government securities, officials said.The policy will be included in the fresh PD guideline, which is being updated by the Bangladesh Bank...

Job market shrinkage pushes high-skill labour force into low-paid livelihoods

DOULOT AKTER MALA | 2024-10-21 00:00:00

A veritable shrinkage of private-sector job market forces skilled and educated professionals to compromise their hard-earned expertise by accepting low-paid positions in fast-growing informal sectors.Amid rising inflation and diminished job security within a sluggish investment climate, many experienced professionals are...

Cancellation of national days

Neil Ray | 2024-10-21 00:00:00

Not all national days are government holidays, but some are. Of the eight national days set for cancellation, only two ---the March 17 birth anniversary of Sheikh Mujib and the August 15 anniversary of his death ---were government holidays. Yet...

War on dengue in a new light

Syed Fattahul Alim | 2024-10-21 00:00:00

Till Saturday, October 19, this month, 78 people have died of dengue fever, while the total number of dengue-related fatalities so far reached 241, according to the Directorate General of Health Services (DGHS). Meanwhile, 1,121 have been hospitalised with dengue,...

Frameworks to make fast and effective decisions

Seyed Mosayeb Alam | 2024-10-21 00:00:00

When it comes to making fast and effective decisions, using the right frameworks can save both time and resources, helping you become more efficient and productive. Whether you're an entrepreneur in Dhaka, a garment factory owner in Chittagong, or someone...

Bhanga-Jashore rail link opens next month, Jamuna rail-bridge in Dec

MUNIMA SULTANA | 2024-10-20 00:00:00

Rail communications await a boost for both passenger and freight haulage as the newly constructed Bhanga-Jashore line and dedicated rail-bridge over the Jamuna river are ready for opening in next two months. Officials are upbeat about the prospects as the...

Reforms should focus on finding a way to hold brokers to account

Mohammad Mufazzal | 2024-10-20 00:00:00

Stockbrokers play a big role as market intermediaries and so they must be made accountable for investors to regain confidence in the capital market.Talking to the FE, several brokerage firms said public perceptions about brokers were not good because of...

Safe drinking water becoming a luxury

Atiqul Kabir Tuhin | 2024-10-20 00:00:00

A recent investigation by the Bangladesh Competition Commission (BCC) has exposed alarming practices by the country's leading bottled water companies, resulting in an unjustifiable rise in bottled water prices. Between January and September 2023, the price of a half-litre bottle...

Promoting trade ties with Pakistan

Asjadul Kibria | 2024-10-20 00:00:00

When the newly independent Bangladesh completed all the necessary formalities to join the General Agreement on Tariffs and Trade (GATT) in November 1972, an objection was raised by Pakistan at the multilateral trade forum. The memory of the fateful defeat...

Celebrating the arrival of Hemanta

Nilratan Halder | 2024-10-19 12:00:00

Hemanta, the fourth of the six seasons on Bangla calendar, has no equal in the northern hemisphere where only four seasons make their presence felt. Although it is identified for convenience's sake as the late Autumn or Fall as the...