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Skills dev policy awaits cabinet nod today

TALHA BIN HABIB | 2022-12-27 00:00:00

Bangladesh is set to adopt a new national integrated rural and marginalised people development policy.Agriculture, fisheries, livestock and handicraft sectors will get priority for development through grooming the backward section in the backwoods, according to the industries ministry.The draft policy...

Rate caps doubly block bank, bourse dev: WB

Mohammad Mufazzal | 2022-12-27 00:00:00

Phased lifting of the rate cap on lending is among some key remedies the World Bank prefers for its engagement with Bangladesh's capital-market development under a major recipe, sources say. The multilateral development financier feels that interest-rate caps pose roadblocks...

Who are these new Sundarbans robbers?

Syed Fattahul Alim | 2022-12-27 00:00:00

The robbers of Sundarbans seem to have returned to their old profession. The Bagerhat police say they rescued at least 15 fishermen kidnapped between December 13 and 18 by the robbers last week. The police claimed that in the face...

In the face of the looming global food crisis

M Kabir Hassan and Mohammad Dulal Miah | 2022-12-27 00:00:00

Seven years ago, world leaders made a commitment to bring an end to global hunger by 2030, which at that time seemed practically rational and achievable. However, this objective is now seemingly more distant than ever before. According to the...

Looming threat of a new pandemic variant

Syed Fattahul Alim | 2022-12-26 12:00:00

Coronavirus has not gone yet. The report on the surge of fresh cases coming from China concerns a new sub-variant of the Omicron, BF.7. To go by Bloomberg, every day this version of the coronavirus is infecting about one million...

BTRC rejects application of 301 ISPs

ISMAIL HOSSAIN | 2022-12-26 00:00:00

The country's telecom regulator has rejected licence application of 301 internet service providers (ISP) as there is no room for new entrant for overcrowded broadband internet providers. More than half of these applications are from Dhaka and adjacent areas, according...

Huge revenue hidden from shorthanded NBR hunt

DOULOT AKTER MALA | 2022-12-26 00:00:00

Registered individual taxpayers in Bangladesh have swelled sevenfold in the last one decade while tax department lies shorthanded with its age-old setup, thus leaving much of potential revenue unnoticed.Existing tax offices with 31 income-tax zones across the country was designed...

There is a limit to tourism

Neil Ray | 2022-12-26 00:00:00

Winter in this part of the world has long lost its bite although in the country's north it has at times spells of severe cold wave. The sea coasts are particularly pleasant during the season. With the educational institutions remaining...

Rising highway robbery incidents worry Ctg businesses

NAZIMUDDIN SHYAMOL | 2022-12-25 00:00:00

CHATTOGRAM, Dec 24: Businesses, including trade body leaders, in the port city have expressed worries over rising incidents of robbery on the Dhaka-Chattogram Highway in the last several years. After nearly two decades, gangs of robbers have regrouped and become...

Titas Gas seeks refund of Tk 15.59b source tax

DOULOT AKTER MALA | 2022-12-25 00:00:00

The Titas Gas Transmission and Distribution Company Limited (TGTDCL) has sought refund of Tk 15.59 billion source tax -- lying with the tax authority -- to offset acute liquidity crisis that is hampering its regular activities.The sum of source tax...

Metro rail ready to run with many firsts

MUNIMA SULTANA | 2022-12-25 00:00:00

The maiden metro rail, ready to roll this week, is set to introduce many new features in the transport system for the first time, according to officials and experts.The mass rapid transit (MRT)-06 is going to give a new taste...

Grameen Bank set to post 'highest profit' in 2022

ISMAIL HOSSAIN | 2022-12-25 00:00:00

The microcredit pioneer Grameen Bank has recovered a record amount of classified loans in the past 11 months of the outgoing year 2022.All other indicators also showed positive developments.In contrast to loan defaulting and recovery trends in the country, the...

What is central bank's stand on inflation?

Asjadul Kibria | 2022-12-25 00:00:00

Bangladesh Bank has come under serious criticism for not raising the policy rates to curb inflation, unlike the central banks of many countries that are using the tool, including the US Federal Reserve. Most economists argue that by not increasing...

Cost of living: the nightmare that haunts

Hasnat Abdul Hye | 2022-12-25 00:00:00

As an expression, cost of living almost always bodes a feeling of concern for common men and women who are in the majority. It sometimes becomes alarming for many of them when the gap between income and expenses for essentials...

Protection deal delays deter Canadian investment

SYFUL ISLAM | 2022-12-24 00:00:00

Finalising a draft Foreign Investment Protection Agreement (FIPA) gets in a slow lane, deterring Canadian investment in Bangladesh and delaying a bilateral free-trade deal, officials say.The Canadian High Commission in Dhaka has shared with Bangladesh a model of the proposed...

Stocks wobble, turnover tumbles as investor sentiment remains low

BABUL BARMAN | 2022-12-24 00:00:00

Stocks retreated into the red in the outgoing week to Thursday, as it appears that the prolonged bearish market may not fizzle out anytime soon. In the absence of a major market trigger in these times of economic uncertainty, investor...

No escape from the spree of adulteration

Nilratan Halder | 2022-12-24 00:00:00

Like it or not, it is a land of adulteration. There is hardly any conscious people who does not think twice before making a purchase of the consumables. Whether it is the staple, vegetables, fruits, eggs, fish, meat, cooking oil,...

On wage adjustment against persistent inflation

Fahmida Khatun, Mustafizur Rahman, Khondaker Golam Moazzem, Towfiqul Islam Khan, Muntaseer Kamal and Syed Yusuf Saadat | 2022-12-24 00:00:00

The economy of Bangladesh faces a number of longstanding structural weaknesses. These weaknesses have exacerbated owing to several external factors including the Covid-19 pandemic, the Russia-Ukraine war and consequent supply chain disruptions. Indeed, macroeconomic management has never seen such a...

Metro opening to host a gathering

MUNIMA SULTANA | 2022-12-23 00:00:00

The inauguration of the country's first metro rail on December 28 will see a celebratory public gathering near Diabari of Uttara to make it a memorable moment.Prime Minister Sheikh Hasina will address the gathering at a playground near block C...

Price restriction is to "serve big investors"

Mohammad Mufazzal | 2022-12-23 00:00:00

The prime bourse recorded the lowest turnover on Thursday in more than two and a half years just the day after the regulator lifted the floor price restriction for 169 stocks. If inflation is taken into account, the present stock...

Conserving biodiversity of the planet

Nilratan Halder | 2022-12-23 00:00:00

The UN biodiversity summit, known as COP15, held at Montreal, Canada has received barely any attention if compared with the Sharm El-Sheikh COP27. But the outcome of the COP15 is as much a breakthrough deal as that of the COP27....

Saudi Arabia says 'no' to Bangladesh request for customs duty exemption

REZAUL KARIM | 2022-12-22 00:00:00

The Kingdom of Saudi Arabia (KSA) has declined to provide any exemption from customs duties to Bangladeshi products due to a unified customs tariff system of Gulf countries.Bangladesh requested the Saudi authorities to exempt customs duties on its 130 products...

Test berthing of 10-metre draft ships starts next week

Nazimuddin Shyamol | 2022-12-22 00:00:00

CHATTOGRAM, Dec 21: Test berthing of 10-metres draft ships will start at jetties of Chittagong Port next week following recommendations made by a British company which submitted to the authority findings of its study on the river Karnaphuli last week....

Top four cyber security myths debunked

Mukarrama Lubaba Ohee | 2022-12-22 00:00:00

Cyber security and information security are often used synonymously, in the sense that the main idea is to protect people, processes, and technology from malevolent actors such as hackers, inside threats, spammers, and other malicious players. It has been observed...

World Cup over, what now for the Bengali?

Syed Badrul Ahsan | 2022-12-22 00:00:00

Now that the World Cup is over, a new worry assails us. What will the Bengali do since there are no more matches to be enjoyed in ear-splitting noise? There is dead silence which has engulfed the world, especially our...

Product diversification and export growth

Abu Mukhles Alamgir Hossain | 2022-12-22 00:00:00

Bangladesh's export trade is vulnerable as its major merchandise export earnings depend on a few exportable products. This trend in export trade is slowing down the progress of the overall economy. The Covid-19 impacted the world economy with enormous shock...

Metro rail set for launch sans certification of standard

MUNIMA SULTANA | 2022-12-21 00:00:00

Country's maiden metro rail is set to be inaugurated apparently without certification of standard of operations for lack of expertise in the regulatory authority to certify such a highly technical public-transportation system.A committee, earlier formed to work on the approval...

Ctg elevated expressway runs behind schedule

NAZIMUDDIN SHYAMOL | 2022-12-21 00:00:00

CHATTOGRAM, Dec 20: The construction work of the Chattogram Elevated Expressway will not end within the scheduled time in March next year as the implementing agency has sought a time of over one year to finish the multi-billion Taka project....

Top dividend provider Reckitt Benckiser looks to overcome adversities soon

BABUL BARMAN | 2022-12-21 00:00:00

Reckitt Benckiser says it will soon bounce back overcoming short-term challenges that caused its profit fall by 14 per cent year-on-year in the nine months through September. The multinational company that sells popular consumer products, such as Dettol, Strepsils and...

Winds of change in bridal fashion

Mehnaz Lameesha | 2022-12-21 00:00:00

On a beautiful July evening in 2010, actress Nusrat Imroz Tisha was spotted as a stunning bride. Not to mention, it was her wedding day and what made her stand out was her bridal look. She chose to wear a...