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Cheaper bank stocks yielded more than others in 2022

MOHAMMAD MUFAZZAL | 2023-02-15 00:00:00

In 2022 when the stock market was highly illiquid for the imposition of floor prices, the possibility of capital gains dwindled, often to nil for stretches of time for majority securities. Companies' distribution of profits in the form of cash...

The state of democracy now, globally

Hasnat Abdul Hye | 2023-02-15 00:00:00

Democracy watchers do not have happy tidings to convey, imperilled and threatened as it is, in developed and developing countries alike. As Cassandra - like messengers, they may not be welcome to powers that be, but their message is telling:...

Art for thoughts, inclusion and harmony

MOHAMMAD SAIFUL ISLAM | 2023-02-15 00:00:00

Mr Ali Ahmed was looking at one of the art pieces through his thick glasses when this writer approached him to talk about his experience at Dhaka Art Summit (DAS) 2023. The retired architect and a resident of Dhaka's Moghbazar...

RJSC revokes reg of Bigo Bangla app

ISMAIL HOSSAIN | 2023-02-14 00:00:00

The registration of Bigo Bangla, a live-stream app that comes under investigation by law-enforcement agencies, has been cancelled for allegedly streaming obscene contents and laundering money.The Registrar of Joint Stock Companies and Firms (RJSC) has cancelled the licence, an RJSC...

Deluxe roads, bridges promise huge toll revenues

MUNIMA SULTANA | 2023-02-14 00:00:00

Upgrading the old toll policy is underway as government avenue collection from tolls on roads, highways and bridges is increasing for building newer costly communications infrastructures.The latest tolls have been imposed based on the toll policy 2014, when high-tech bridges,...

IFIL looks to grow through investments in sustainable, small businesses

ISMAIL HOSSAIN | 2023-02-14 00:00:00

Islamic Finance and Investment Limited (IFIL) has been giving priority to cottage, micro, small and medium enterprises (CMSME) in making sustainable and socially responsible investments for its future growth, said the top executive of the first-ever Shariah-based non-bank financial institution....

Challenges of regulating data

Syed Fattahul Alim | 2023-02-14 00:00:00

Data are often random, unorganized facts such as a word, a symbol, etc that can be processed into information. In isolation data carry no meaning. But when put into context, they create information that people use to make plans, conduct...

Coming separate TIN for non-taxable

DOULOT AKTER MALA | 2023-02-13 00:00:00

A major overhaul in the existing TIN system has been planned for introducing temporary registration number for marginal- income people, which may remove a current tax-receipt mismatch.Under the government plan, sources said, the temporary TIN or tax- identification number can...

Shipping Corp's sole right to handle state imports sends stock flying

BABUL BARMAN | 2023-02-13 00:00:00

State-run Bangladesh Shipping Corporation (BSC) soared 18 per cent in just a week as the ocean-going vessel management company won an almost exclusive right to transport government-funded cargoes. The Ministry of Shipping (MoS) issued the Bangladesh Flag Vessel (protection of...

Hazardous air pollution in classrooms

Neil Ray | 2023-02-13 00:00:00

Dhaka City has the dubious distinction of topping the list of the worst polluted cities in the world perhaps for longer than any other city in the world of late. This is despite the fact that ground work of the...

Lessons from Turkey-Syria earthquake

Syed Fattahul Alim | 2023-02-13 00:00:00

The survival rate of the victims of earthquake of such gigantic magnitude (7.8 on the Moment Magnitude, or Mw, scale), as it happened on the Turkey-Syria border, falls very fast with each passing hour. Especially, the first 72-hour is a...

Morgan Stanley's "special treatment" for Bangladesh sends out warning against illiquidity of assets

Mohammad Mufazzal | 2023-02-12 00:00:00

Global investment research firm Morgan Stanley Capital International (MSCI) in its latest quarterly review decided to bring no change in measuring Bangladeshi stocks' performance in its frontier markets index due to "the deterioration of liquidity" in the equity market. MSCI...

What does 'Just Transition' mean for Bangladesh?

Haseeb Md Irfanullah | 2023-02-12 00:00:00

Despite being one of the most climate-vulnerable countries, Bangladesh is often hailed for its climate adaptation actions and branded as the 'adaptation capital', 'adaptation teacher', or 'adaptation leader' of the world. But the country's adaptation actions shouldn't undermine its mitigation...

Central bank's inflation alarm

Asjadul Kibria | 2023-02-12 00:00:00

No respite will be there from high inflation in the near future. It is the core message of the latest annual report of Bangladesh Bank. The central bank released the annual report for fiscal year 2021-22 last month, around seven...

How to save the lives of septic tank workers

Hasnat M. Alamgir | 2023-02-11 12:00:00

Deaths of septic tank workers have regrettably become quite frequent in Bangladesh as repetitive newspaper and electronic media reports demonstrate. Septic tank workers or sanitation workers in general receive little attention about their health, safety, and well-being from any quarter...

Bangabandhu tunnel work nearing end

NAZIMUDDIN SHYAMOL | 2023-02-11 00:00:00

CHATTOGRAM, Feb 10: The construction work on the much-awaited Bangabandhu Sheikh Mujibur Rahman Tunnel, the first under-river tunnel in the country, is nearing completion as progress in work has reached 96 per cent. Project Director Harunur Rashid expressed the hope...

Policy making on offshore investment faces dilemma

REZAUL KARIM | 2023-02-11 00:00:00

A latest policy preparation facilitating Bangladeshis making offshore investment in foreign countries gets into a dilemma as some officials mentioned that an already-existing law on 'Capital Account Transaction' holds identical provisions. Sources said different state agencies, including finance ministry and...

Govt weighs borrowing with short-term Sukuk

JASIM UDDIN HAROON and SYFUL ISLAM | 2023-02-11 00:00:00

Introducing a new short-term Islamic bond styled 'Sukuk' is now under government consideration to meet its momentary requirement of liquidity which has shown negative balance frequently this fiscal year.A decision in this regard was made at a recently held meeting...

Withered love for language manifests raw sores

Nilratan Halder | 2023-02-11 00:00:00

Stuck in gridlocks of Dhaka traffic, the best way is to keep one's eyes open to the surrounding in order to get over the anxiety, irritation and impatience. People's comments, behaviour and movement can shed a new light if one...

Chronicle of a Bangladeshi expatriate in the USA

Helal Uddin Ahmed | 2023-02-10 12:00:00

It was over fifty years ago in March 1968 when Rahima Karim had boarded a PIA flight from Dhaka that was bound for London. A few days later, a Pan American Airlines (PANAM) flight from the UK landed her at...

EU seeks govt support to remove obstacles to LHBL operations

REZAUL KARIM | 2023-02-10 00:00:00

Amid resistance by local interest groups, the European Union (EU) has sought intervention by the government of Bangladesh so that LafargeHolcim Bangladesh Limited (LHBL), a multinational company listed in Bangladesh, can continue its aggregate limestone business in the open market...

Plan to open entire MRT-6 corridor by Dec

MUNIMA SULTANA | 2023-02-10 00:00:00

Dhaka metro-rail company plans to make operational the entire corridor of the Mass Rapid Transit Line 6 (MRT-6) from Uttara to Motijheel by December this year.Dhaka Mass Transit Company Limited (DMTCL) Managing Director MAN Siddique in a press conference on...

Preparedness for a major earthquake

Nilratan Halder | 2023-02-10 00:00:00

The planet Earth, the only known orbiting satellite of the star Sun serving as home to life, convulses and does so at an interval ranging roughly between 100/120 and 500 years. Such convulsions take the form of volcanic eruption or...

Why is green finance not picking up in Bangladesh?

Karimul Tuhin | 2023-02-10 00:00:00

Greening the economy is the prerequisite for attaining sustainable development goals. Transitioning to a green economy requires large-scale investment, with a principal role for the government to build an enabling environment for private sector financial institutions to scale up green...

Construction of Bay Terminal of Ctg port to start this year

NAZIMUDDIN SHYAMOL | 2023-02-09 00:00:00

CHATTOGRAM, Feb 08: The construction of the Bay Terminal of Chittagong seaport is likely to start this year. The Chittagong Port Authority (CPA) has sent the Draft Project Profile (DPP) to the ministry for approval. After getting the approval of...

MRT-6 to add two stoppages this month

MUNIMA SULTANA | 2023-02-09 00:00:00

The MRT-6 is likely to add two more stoppages at Mirpur and Uttara this month, making a total of five out of nine stations between Agargaon and Uttara operational.The date of inauguration is yet to be confirmed, sources said.The Dhaka...

Thrust on tackling hurdles to grab huge potential

DOULOT AKTER MALA | 2023-02-09 00:00:00

Multiple barriers in business operation compelled many of the cross-border e-commerce (CBEC) entrepreneurs to choose other countries as favourable investment destinations, said insiders.More than 50 entrepreneurs have already shifted their investment to other countries, including the UAE, due to their...

Enhance speaking skills by speaking

Mohidul Alam and Zarin Tasnim Safa | 2023-02-09 00:00:00

Improving one's speaking abilities can be a lifelong journey, and it starts with self-reflection. Everyone makes mistakes while speaking, even after spending countless hours studying grammar, but the key to progress is acknowledging and correcting these errors. A speaking partner...

The balloon affair and the new Cold War

Syed Badrul Ahsan | 2023-02-09 00:00:00

The Americans have finally shot down the Chinese balloon over the surging waters of the sea. As Washington puts it, the balloon was engaged in a surveillance of US defence installations, having made its way from Alaska through Canada and...

Govt searching funds for Dhaka-Ctg 8-lane project

MUNIMA SULTANA | 2023-02-08 00:00:00

The government is trying to get funds from development partners to upgrade the Dhaka-Chattogram highway into an eight-lane one, including service lanes.The Roads and Highways Department (RHD) has estimated the cost to be roughly around Tk 730 billion - more...