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Bangladesh external sector: coping with the emergent challenges

Fahmida Khatun, Mustafizur Rahman, Khondaker Golam Moazzem, Towfiqul Islam Khan, Muntaseer Kamal and Syed Yusuf Saadat | 2023-01-03 00:00:00

Bangladesh's external sector has been a key pillar of the country's impressive development narrative. This is manifested in robust export performance and increasing amount of remittance flows, comfortable balance of payment position, high foreign exchange reserves, exchange rate stability, and...

Another toothless UN resolution?

Syed Fattahul Alim | 2023-01-03 00:00:00

The UN General Assembly last Friday (December 31) passed a resolution seeking the International Court of Justice (ICJ)'s opinion on the legal consequences of Israel's illegal occupation of Palestinian territories. Notably, the ICJ is the UN's highest court. Seated in...

Sudden SD on limestone swells many products' costs

DOULOT AKTER MALA | 2023-01-02 00:00:00

Sudden levying of hefty supplementary duty on limestone import hikes manufacturing cost of a plethora of products like cement, paper and so in local industries. Industry-insiders say the customs wing under the National Board of Revenue (NBR) is charging 69-percent...

Deep seaport to be fully operational by 2026

NAZIMUDDIN SHYAMOL | 2023-01-02 00:00:00

CHATTOGRAM, Jan 01: Construction work on Matarbari Deep Seaport is going on in full gear and the port's main two terminals will be fully operational within less than three years, officials involved with design and implementation of the project said....

Changes brought by bearish market may bear long-term fruits

BABUL BARMAN | 2023-01-02 00:00:00

The stock market passed a rough patch last year. But the changes that the regulator felt forced to make to bring some sort of stability in the volatile market will bear fruits not only in 2023 but also in many...

Reviving the printing and publication industry

Neil Ray | 2023-01-02 00:00:00

December is the month when a flurry of distribution of leaflets, pamphlets, brochures and even booklets takes place all around. For years, the sponsors have taken an easy way out: they insert their advertisement materials into newspapers. Thus the newspapers...

A society in the throes of a moral crisis

Syed Fattahul Alim | 2023-01-02 00:00:00

Seventy-five years old Jorimon died last Friday morning in her hospital bed at the Dinajpur M. Abdur Rahim Medical College Hospital. She was found groaning in a gunnysack dumped near the boundary wall of the hospital about a month ago...

Welcome 2023, the annus mirabilis

JASIM UDDIN HAROON AND DOULAT AKTER MALA | 2023-01-01 12:00:00

Welcome 2023 AD, the year that is preceded by one of the most difficult periods in history. People are pinning high hopes on the New Year, expecting an economic turnaround.It is expected that a tolerable inflationary pressure might in place...

Inequality: looking at the beast, conceptually

Hasnat Abdul Hye | 2023-01-01 12:00:00

Thoughts on equality of the economic variety (there being social and political ones) conveyed by analysts and economists have been simmering for quite some time. It surfaced, almost surreptitiously, in early '30s when Simon Kuznets published his report on the...

A new year with more economic challenges

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

Another fresh year starts today with many negative features. However, there will also be no dearth of enthusiasm to overcome the various economic challenges. From the domestic to the global front, there is no doubt that economic outlook for 2023...

Telecom sector witnesses mixed year

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

The country's telecom sector witnessed a mixed year in 2022, with some optimistic events like 5G spectrum auction and off-putting events like SIM sale ban on the largest mobile operator Grameen Phone. The country's telecom regulator launched 5G spectrum auction...

2022's overvalued stocks that defy investment formulae

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

Many listed companies have been traded at abnormally high P/E (price to earnings) ratio in the outgoing year when the market has remained persistently gloomy and their peers with good fundamentals have languished at floor prices in absence of buyers....

Revenue collection grows 14pc

DOULOT AKTER MALA | 2022-12-31 00:00:00

Domestic revenue mobilisation posted more than 14-percent growth in the outgoing year 2022 amid inflation-fuelled economic slowdown and erosion of real income.Despite disrupted supply chain for the Russia-Ukraine war, costly dollar and high commodity prices globally, the government's revenue-collection efforts...

Residents rethink flat buy as cost outstrips means

SYFUL ISLAM and SAIF UDDIN | 2022-12-31 00:00:00

Bangladesh's real-estate sector passes through bad days for both seller and buyer as property sales plummeted for price spiral fuelled by fallouts from the pandemic and the Ukraine war, industry insiders say.The unusual price hike of all building materials apart,...

The mysterious driving force behind life

Nilratan Halder | 2022-12-31 00:00:00

The life we live is mysterious to us although we do not admit it to ourselves more often than not. Why should the life that is 'me' remains a strange and unfamiliar existence to me? It should not have been...

What is 'access' to healthcare?

Hasnat M Alamgir | 2022-12-31 00:00:00

December 12 was the Universal Health Coverage (UHC) Day. The United Nations General Assembly endorsed a resolution on this day in 2012 that everyone everywhere should have access to quality, affordable health care. The fundamental premise to achieving UHC is...

Return filing crosses 2.7 million mark

DOULOT AKTER MALA | 2022-12-30 00:00:00

The filing of returns by individual taxpayers has crossed the 2.7-million mark this fiscal year, thanks to an effective measure for mandatory submission of tax-return slip to avail services.They will be able to submit tax returns until 01 January 2023...

Bangladesh in time of global food crisis

Nilratan Halder | 2022-12-30 00:00:00

The majority of people the world over would like to forget the year 2022 along with the preceding two pandemic years. If unrelenting processions of patients towards hospitals and the dead to the graveyards or crematories marked the pandemic years,...

Fight against doom and gloom to continue: Ahsan H Mansur

Mohammad Mufazzal | 2022-12-30 00:00:00

The stock market is heading into 2023, bearing the burden of domestic financial mismanagement, supply chain disruptions, and economic slowdowns globally. Unless these macroeconomic worries are addressed and the government designs policies to facilitate corporate earnings, a stable market is...

2023 may be better if regulators stop market intervention

Mohammad Mufazzal | 2022-12-30 00:00:00

Good governance should be the priority of the securities regulator and the central bank in 2023 to reduce volatility in the capital market and rejuvenate it. The major challenges that the stock market faces are liquidity crunch, low trade volumes,...

Factors to play behind bear-or-bull market of 2023

BABUL BARMAN | 2022-12-30 00:00:00

The stock market had a tough ride this year due to the war in Ukraine that intensified economic uncertainties and caused inflation to go a 12-year record high while floor prices turned most stocks illiquid, denting investors' confidence.The year, however,...

Bangladesh enters speedy electric commuting era

MUNIMA SULTANA | 2022-12-29 00:00:00

Bangladesh enters speedy electric-commuting era as its maiden metro rail opened Wednesday with the first modern train ceremonially rolled on a section of multi-phased mass rapid-transit line. Prime Minister Sheikh Hasina became first passenger to book ticket and board the...

DSE curbs access to market via app to continue services for free

Mohammad Mufazzal | 2022-12-29 00:00:00

Seven years have gone by since the Dhaka Stock Exchange (DSE) launched a mobile app to facilitate trading by investors from any corner of the world without the help of an intermediary, but it has not let the number of...

Exchange rate and inflation: impacts on private credit in Bangladesh

Md Habibur Rahman, Md Salim Al Mamun and Nasrin Akter Lubna | 2022-12-29 00:00:00

The Covid-19 pandemic has badly affected economic activities worldwide, and Bangladesh was no exception to the impact. Central banks, as the regulator of financial systems, particularly for the banking systems, faced enormous challenges during the Covid-19 period to support macroeconomic...

This is the year that was ...

Syed Badrul Ahsan | 2022-12-29 00:00:00

So ends another year. So is one more year taken from our lives. So are we informed, in so many words, that this ancient planet we inhabit and the souls inhabiting our corporeal beings are all headed for the twilight....

All borders open to import of plethora of products

DOULOT AKTER MALA | 2022-12-28 00:00:00

All land borders open to potential cross-border trade as the government relaxes restrictions on a plethora of new products for import from Bangladesh's next-door neighbours.Also, customs sources say, it proposed to add new  import-export route to facilitate trade with Bhutan....

Maiden metro rail rolls in Dhaka today

MUNIMA SULTANA | 2022-12-28 00:00:00

Many look agog with enthusiasm to enjoy modern and faster transport ridership as the maiden metro rail in Bangladesh is ready to roll in Dhaka today under a mass- rapid-transit project. Prime Minister Sheikh Hasina is scheduled to flag off...

Kudo goes where it is due

Munima Sultana | 2022-12-28 00:00:00

There is no denying that people engaged in developing the first Mass Rapid Transit (MRT) all deserve some credit when it has reached a stage of inauguration with high hopes to give a different taste to the daily trips of...

Metro blows whistle today

Munima Sultana | 2022-12-28 00:00:00

Yet another example is set that anything and everything is possible if desire and deeds roll on towards the goal no matter whatever headwinds blow. After the Padma bridge coming into a rare reality, the opening of Mass Rapid Transit...

Sounds of fireworks and the plights of the unheard

Mehnaz Lameesha | 2022-12-28 00:00:00

As the clock ticks down to 11:59 p.m. on December 31, 2022, people worldwide will begin counting the seconds until the start of the new year and bid farewell to 2022. People will enter the new year with fresh vows...