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PMO directs resuming LNG import, disciplining dollar rate

SYFUL ISLAM | 2022-11-07 00:00:00

A move finally comes to manage fuel dearth and dollar disarray as the government high-ups instruct giving gas to industries even through costly LNG import and synchronizing multiple rates of the greenback, sources say. In the wake of irregular and...

Non-banks go into losses, battered by interest rate cap, capital market

BABUL BARMAN | 2022-11-07 00:00:00

The bearish stock market and the lending interest rate cap have been eating into profits of non-bank financial institutions, worsening the health of the overall sector. Most of the companies that logged handsome profits in 2021 watched their income drop,...

Potato can help avert food crisis

Neil Ray | 2022-11-07 00:00:00

At a time when almost every essential people need for survival is atrociously costly, one common tuber crop, potato, has not followed the galloping price escalation. This starchy tuber has all the qualities to be a substitute for the staples...

COP27 should not be another talking shop

Syed Fattahul Alim | 2022-11-07 00:00:00

The 27th UN climate summit, COP27, has started at the Egyptian city of Sharm El Sheikh, a tourism spot, located at the southern tip of the Sinai Peninsula of Egypt. The aims of this yearly event related to climate change...

Gabtoli-Dasherkandi metro rail by 2030

MUNIMA SULTANA | 2022-11-06 00:00:00

The metro rail authorities have made good progress in the preparation of another metro rail to be developed from Gabtoli to Dasherkandi in Dhaka city by 2030.Officials said the time frame for the MRT line-05 South has been finalised with...

Nine years on, DSE yet to get dividends from demutualisation

Mohammad Mufazzal | 2022-11-06 00:00:00

Nine years have gone by but the Dhaka Stock Exchange has not yet benefitted from the 2013 demutualisation of the capital market-independent decision-making by a vibrant management detached from the grasp of owners, transparency of the operations, and technological advancement...

Why quarterly GDP report is important

Asjadul Kibria | 2022-11-06 00:00:00

An agreed but apparently forgotten method of updating Bangladesh's gross domestic product (GDP) statistics every three months crops up again in discussion. A visiting team of the International Monetary Fund (IMF), at a meeting with the national statistical agency last...

Of thieves in time of an unprecedented crisis

Nilratan Halder | 2022-11-05 12:00:00

To think I have a bee in my bonnet would be a gross injustice to me. Last week's unwelcome nightly guest to a grocery drew not only my attention but maybe the public attention by virtue of his ingenuity of...

Little has changed for the tannery workers

Hasnat M Alamgir | 2022-11-05 12:00:00

Bangladesh Investment Development Authority (BIDA) website mentions that there are more than 250 tanners in Bangladesh with 90 or so large manufacturers. Leather is the 2nd largest export item after readymade garments (or, third according to another report -- after...

Traders want to import 510m eggs from India

REZAUL KARIM | 2022-11-05 00:00:00

A number of traders sought the government's approval to import 510 million pieces of egg from India, sources said, although the domestic production would be enough to meet the country's annual demand.In a recent hearing, local poultry farmers expressed deep...

BD-Japan trade accord soon preceding FTA

SYFUL ISLAM | 2022-11-05 00:00:00

All are set for signing a memorandum of understanding (MoU) on trade cooperation between Bangladesh and Japan which may culminate into a bilateral free-trade agreement (FTA) later on, officials say.The MoU signing will take place during Prime Minister Sheikh Hasina's...

Local handset production drops 25pc in Sept

Ismail Hossain | 2022-11-05 00:00:00

Production of handsets by the local companies dropped 25 per cent in September, according to the Bangladesh Telecommunication Regulatory Commission (BTRC).In August, the total production of handsets was 2.97 million units, which came down to 2.27 million units in September,...

Tax receipts from DSE drop 16pc in Oct

BABUL BARMAN | 2022-11-05 00:00:00

The government's revenue earnings from the Dhaka Stock Exchange (DSE) slumped 16 per cent month-on-month in October on the back of falling turnover value.Market analysts said the turnover fell sharply as technical glitches interrupted trading twice last month.The technical glitches...

Port city traders grapple with three crises

NAZIMUDDIN SHYAMOL | 2022-11-05 00:00:00

CHATTOGRAM, Nov 04: Businessmen of the port city's three largest trade hubs - Chaktai, Khatunganj and Asadganj - for a long time have been hamstrung by three major problems which are hampering not only businesses in city but also disrupting...

Meeting the challenge of starvation

Nilratan Halder | 2022-11-04 12:00:00

Russia's abrupt u-turn from pulling out of the UN-brokered Black Sea grain initiative on Wednesday last will allow people in food-deficit countries around the world to heave a sigh of relief. Only four days ago on the weekend, Russian President...

RTA up for execution after yrs

MUNIMA SULTANA | 2022-11-04 00:00:00

After the lapse of over four years, the Road Transport Act (RTA)-2018 is getting fully ready to bring discipline in streets with provisions of penalties, including cancellation of driving licences.Sources said finance ministry finally gave its nod of approval to...

LafargeHolcim stands out among cement makers: Here is why

BABUL BARMAN | 2022-11-04 00:00:00

It is new products and an online distribution channel that helped LafargeHolcim grow at a time when other cement manufacturers are scrambling to make a profit and some even have endured the pain of significant losses in recent quarters. Holcim...

Digital marketing -- ethics and trust building

Mohammad Shahidul Islam, Md Shamimul Islam and Tanzin Khan | 2022-11-04 00:00:00

Digital marketing in Bangladesh is rapidly becoming one of the significant sources of customer outreach for brands. With the growth of IT and the internet, digital marketing has become an essential tool for marketers across the country. The scope of...

November in the nation's soul

Syed Badrul Ahsan | 2022-11-03 12:00:00

November resonates with us, for it has become part of our history in its cheering as also heartbreaking moments. It speaks to us, every year, of what we have achieved and of the glory we have lost as a sovereign...

IMF queries hefty capacity payments, power subsidy

FHM Humayan Kabir and SYFUL ISLAM | 2022-11-03 00:00:00

Huge capacity payments to independent power producers (IPPs), which are creating a "hole" into Bangladesh's economy, came under query from the International Monetary Fund (IMF) in assessing the country's creditworthiness, sources said. In two separate meetings with Power Division and...

Myriad cos caught in limbo for complex exit policy

DOULOT AKTER MALA | 2022-11-03 00:00:00

Rahman Hashim stands nonplussed getting caught in clumsy windup process of his inactive company. He is receiving notices from the tax offices regularly for filing tax returns for the company lying in limbo.He took registration for the firm from the...

Bangladesh Shipping Corporation falls on DSE even after outstanding profit growth

Mohammad Mufazzal | 2022-11-03 00:00:00

State-owned Bangladesh Shipping Corporation (BSC) suffered a fall on the stock market on Wednesday as investors were frustrated over 20 per cent cash dividend that it declared for the fiscal 2021-22 even after making a remarkable 213.56 per cent year-on-year...

B'desh, S'pore to start talks to ink FTA this year

REZAUL KARIM | 2022-11-03 00:00:00

Bangladesh and Singa-pore are expected to start negotiations soon to ink a free trade agreement (FTA) within this year, aiming to boost investment and trade between the countries. As part of the move, Singapore's trade minister is likely to visit...

Towards a learning-based education system

Syed Al Farabi | 2022-11-03 00:00:00

Let us take a look at a typical day for a private school-goer. They wake up at around seven, make themselves fresh, get dressed up, have their meal, and rush to their schools. In front of the schools, a common...

The beautiful game: a source of trade & inclusion

Ngozi Okonjo-Iweala and Gianni Infantino | 2022-11-02 12:00:00

As we get ready for another FIFA World Cup, we recognise that football is the world's game, and a shining example of how people from different cultures, backgrounds, and ages can come together for a shared experience that brings excitement...

Five wheat ships arrive at Ctg Port, five more on the way

NAZIMUDDIN SHYAMOL | 2022-11-02 00:00:00

CHATTOGRAM, Nov 01: Some wheat-loaded ships arrived at Chittagong Port from different countries recently amid an increase in wheat prices in the country and a global supply crunch of the staple grain triggered by Ukraine-Russia war. At least five ships...

BAT's profit soars 39pc on cost cuts, tax-efficient strategies

Mohammad Mufazzal | 2022-11-02 00:00:00

British American Tobacco Bangladesh Company (BATBC) gained more than 39 per cent growth year-on-year in profit for the third quarter through September, leading to 100 per cent cash interim dividend. The remarkable growth was possible for a steep rise in...

Rising food prices: bachelors’ predicaments

SHADIQUE MAHBUB ISLAM | 2022-11-02 00:00:00

Inflation has hit Bangladesh hard and nowhere is it felt more than in Dhaka. Food prices are skyrocketing, and perhaps the worst sufferers are the bachelors. They rely on hotels to get their meals, as few can cook themselves. And...

BRAC Bank's Q3 profit rises but stock lies low

Mohammad Mufazzal | 2022-11-01 00:00:00

BRAC Bank is traded at depressed prices despite a whopping 53.66 per cent year-on-year profit growth in the third quarter to September this year. During the time, its consolidated earnings per share also went higher from Tk 0.95 to Tk...

Deficit in confidence keeps big pharma low on bourses

BABUL BARMAN | 2022-11-01 00:00:00

Big drug makers have made no movement from floor prices on the Dhaka Stock Exchange for a while even after declaring good year-on-year profit growths in the year ended in June. And the others are going down towards the floor....