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Export boom helps Shinepukur Ceramics stay ahead of peers

BABUL BARMAN | 2023-01-16 00:00:00

Shinepukur Ceramics has sustained its profit growth, focusing on exports at a time when the domestic demand slumped. Its export jumped 64 percent in the FY22, making the tableware maker the largest exporter in the sector when the company's domestic...

What chance does Holiday Market stand?

Neil Ray | 2023-01-16 00:00:00

After the weekly Farmers' Market, here comes the first Holiday Market in Dhaka north. While the former was launched under the 'Dhaka Food System Project' of the Food and Agriculture Organisation (FAO), the United Nations, the latter has just been...

Has Davos meet any relevance to poorer nations?

Syed Fattahul Alim | 2023-01-16 00:00:00

As usual, the yearly meeting of the world's richest countries, the richest business leaders, economists and civil society leaders hosted by the World Economic Forum (WEF) has kicked off today at Davos, the ski resort in Zurich, Switzerland. Given that...

Recent scams cast doubt on roles played by trustees

Mohammad Mufazzal | 2023-01-15 12:00:00

The trustee shall act on behalf of and in the "exclusive interest of investors" as obliged by the trust deed and law, reads an agreement signed by Sandhani Life Insurance and fund manager Universal Financial Solutions (UFS). More than one...

Making individuals' investments in T-bonds easy

Asjadul Kibria | 2023-01-15 00:00:00

Last year was marked by a big drop in the secondary trading of fixed-income tradable government securities. The value of annual secondary trading in these securities stood at Tk 1.13 trillion in 11 months of 2022. December figure is yet...

Specialised SIMs for foreign tourists by February-end

ISMAIL HOSSAIN | 2023-01-14 00:00:00

A specialised type of SIM cards for tourists is going to be introduced by the end of next month to facilitate smooth staying of foreigners while visiting the country. The Bangladesh Telecommunication Regulatory Communication (BTRC) has finalised the guidelines in...

Bayezid Link Road to be first toll road in Ctg

NAZIMUDDIN SHYAMOL | 2023-01-14 00:00:00

CHATTOGRAM, Jan 13: The Chattogram Development Authority (CDA) is going to impose toll on Bayezid Link Road which is now open to traffic, though with the work yet to be completed. Sources said CDA constructed the road without obtaining environmental...

Bargain hunting pushes stocks up

BABUL BARMAN | 2023-01-14 00:00:00

Stocks bounced back in the outgoing week that ended on Thursday, with turnover gaining momentum as bargain hunters, buoyed by regulatory moves, chased sector-specific shares.As the two regulators concerned remained stuck to their past decisions, stock investors seemed to be...

Commercial ventures in residential areas

Nilratan Halder | 2023-01-14 00:00:00

The news is tragic: in a posh area of the city, two girls jumped from a four-storey spa centre sensing the presence of a mobile court. One died soon afterwards and the other was fighting for life in a hospital....

Billion-dollar club: A bigger size could help make market less volatile

Mohammad Mufazzal | 2023-01-13 12:00:00

In September 2021, Beximco's market capitalisation was around $1.39 billion. Its share traded at Tk 136.30 each and the exchange rate was Tk 83 per dollar.At the time, the company could showcase its membership in the billion-dollar club. Not anymore....

NBR moves to revise DTA treaty with Mauritius

DOULOT AKTER MALA | 2023-01-13 00:00:00

The revenue authority has decided to revise the decade-old double taxation avoidance (DTA) treaty with Mauritius, in a bid to limit the scope of capital flight.Capital flight is a large-scale exodus of financial assets and capital from a nation due...

Health cards for all to receive medical service

Nilratan Halder | 2023-01-13 00:00:00

It is too good to believe that every citizen of Bangladesh will have a health card to enjoy unfailing healthcare in hospitals or clinics. To go by Health Minister Zahid Maleque, a project on national health card has already been...

Lit Fest, Ekushey Boi Mela ... and our books

Syed Badrul Ahsan | 2023-01-12 12:00:00

Every celebration of books, indeed of cultural heritage, is an occasion for joy. Now that the Dhaka Lit Fest has drawn to an end, it is time to reflect on the interactions we in Bangladesh have had with writers coming...

MRT-1 work set to begin on Jan 26

MUNIMA SULTANA | 2023-01-12 00:00:00

Physical work of Mass Rapid Transit line-1 (MRT-1) is likely to begin after its groundbreaking ceremony on January 26 - within a month after launching the first metro-rail (MRT-6) in the city.Prime Minister (PM) Sheikh Hasina will inaugurate the MRT-1...

VAT waiver for every stage of processing

DOULOT AKTER MALA | 2023-01-12 00:00:00

Plastic waste-recycling industry is entitled to get VAT waiver at every stage of processing as the revenue board earlier offered the fiscal incentive to protect the environment from growing aggression of the hazardous chemical components.The exemption is applicable to different...

Ticketing not smooth yet for metro rail

MUNIMA SULTANA | 2023-01-12 00:00:00

The metro rail is yet to ensure smooth ticketing system for metro-rail commuters for inadequate groundwork before launching the first phase of the mass rapid transit (MRT) line-06.Though some problem in MRT ticket issuance was addressed primarily, sources said, commuters...

2023 to be year of recovery for market, with external factors well managed

BABUL BARMAN | 2023-01-12 00:00:00

The wounds that the stock market suffered last year will heal to some extent this year triggering a process of recovery even if businesses take cautionary approaches, said one of the top brokers in the country. BRAC EPL Stock Brokerage...

Six yrs on, ERL second unit construction yet to begin

NAZIMUDDIN SHYAMOL | 2023-01-12 00:00:00

CHATTOGRAM, Jan 11: Over five years have gone by since the process of building a second unit of the state-owned Eastern Refinery Limited (ERL) got underway, but the construction work has yet to start. And by the time, the estimated...

B'desh readying to seek Indian ADD revision

REZAUL KARIM | 2023-01-11 00:00:00

Dhaka is set to seek revision of the anti-dumping duty (ADD), imposed by India on Bangladeshi jute and jute goods, officials said.To this effect, the government is scrutinising the merit of filing petition and appeal against the ADD on jute...

Company reg fees likely to rise

DOULOT AKTER MALA | 2023-01-11 00:00:00

Digitising the Registrar of Joint Stock Companies and Firms (RJSC) services involves growing cost that its clientele will have to share as a move is underway to raise company-registration fees.Sources said the regulatory body is now reviewing a proposal for...

DSE aims at listing of at least 20 securities to boost trades on ATB

Mohammad Mufazzel | 2023-01-11 00:00:00

The Dhaka Stock Exchange is looking to increase the number of securities listed on the newly-launched Alternative Trading Board to make it vibrant. In doing so, the main board of the stock market insists that the listed securities should meet...

Overhaul of regulator inches ahead

DOULOT AKTER MALA | 2023-01-10 00:00:00

An overhaul of the outmoded operational activity in company registration, name clearances, return filing, winding up and other major requisite services gets underway, but inches forward thus far.The government made the move for reform of the Registrar of Joint Stock...

Corrupt practices that put strain on 17pc of stock market

BABUL BARMAN | 2023-01-10 00:00:00

As many as 66 stocks trade below the face value of Tk 10, 12 of them entering the list in the last one year. They account for as much as 17 per cent of the stock market, a large enough...

How to reduce road tragedies?

Syed Fattahul Alim | 2023-01-10 00:00:00

Md. Rabbi, a 22 years old youth, who was an assistant to a cycle-van driver, was killed when a bus hit his van at about 6 am on Sunday (January 8) morning in the Mohammadpur area of the city. Without...

Middlemen dominate company registration corridors

Doulot Akter Mala | 2023-01-09 00:00:00

A curious person comes up just as a likely one crosses the road in front of a building in Dhaka's Karwanbazar. "Were you looking for any service for company registration?" He asks. On queries from this correspondent, the person says...

BTRC plans to include in SOF all its licencees

Ismail Hossain | 2023-01-09 00:00:00

The telecom regulator is planning to bring all its licencees under the purview of the Social Obligation Fund (SOF) to spread technology to the remotest corner of Bangladesh.The country's mobile network operators (MNOs) have been contributing to the fund since...

Index Agro forecasts double-digit growth this year, riding on rising demand

BABUL BARMAN | 2023-01-09 00:00:00

Index Agro Industries foresees a double digit growth this year as well, supported by the increasing demand for eggs, meat and chicken.Its revenue rose 13.12 per cent year-on-year to Tk 4.14 billion for the fiscal year 2022. The company expects...

Doing away with second-hand winter wear

Neil Ray | 2023-01-09 00:00:00

Is not it anachronistic that the country with a rising share in the global export of fashionable winter wear still has to import second-hand warm clothes? In 2021, a senior additional secretary of the commerce ministry went so far as...

In praise of flexible working time

Syed Fattahul Alim | 2023-01-09 00:00:00

Every bad experience in life has a silver lining. So, has the one gathered from the coronavirus disease that struck the world in 2020. Of the many changes it has forced upon our life, flexible working time is one. Since...

GATT implementation's 75th anniversary and Bangladesh

Asjadul Kibria | 2023-01-08 12:00:00

As in previous years, this year also marks anniversaries of a number of historical events. The occasions will be observed or commemorated commensurate with the importance and interests of the nations linked to the happenings. Some of the anniversaries are...