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Being alert to XBB infection

Syed Fattahul Alim | 2022-11-01 00:00:00

The World Health Organisation (WHO) is reported to have identified another immune-evasive COVID variant, XBB, which has already spread to 26 countries. The infection rate of this new version of the COVID is increasing among the populations of both Singapore...

'Aspirational momentum' as a source of growth

Helal Uddin Ahmed | 2022-11-01 00:00:00

The British philosopher Adam Smith laid the foundation of economic theory when he published his book 'An Inquiry into the Nature and Causes of the Wealth of Nations' back in 1776. The book tells the readership about the causes and...

Customs to downsize NSW trade clearance

DOULOT AKTER MALA | 2022-10-31 00:00:00

A dozen entities may be dropped in trimming the jumbo National Single Window (NSW) mechanism by the revenue authority, but stakeholders feel the desired integrated action for quicker trade clearance may be affected.Officials say the customs authority under the National...

Beximco's profit doubles but stock plunges

BABUL BARMAN | 2022-10-31 00:00:00

Bangladesh Export Import Company (Beximco) dropped to 'floor price' on Sunday after it declared a growth acceleration in fiscal year 2021-22 to double the profit it made in the previous fiscal year. The share price closed at Tk 115.60, having...

Price restriction: what good does it bring for stocks?

Mohammad Mufazzal | 2022-10-31 00:00:00

Investors are hesitant to buy even good stocks while stuck at floor prices because they wait for further price corrections, market operators say. Price correction and appreciation are the key part of transactions, a senior official of a merchant bank...

Krishaker bazaar shows the way

Neil Ray | 2022-10-31 00:00:00

Called 'Krishaker bazaar' (farmers' market), the weekly temporary holiday outlets have their name somewhat misleading. Like women's markets where women-only are the sellers and buyers, here farmers are only one party ---sellers that is---and the other party is a select...

Greed, politics and famines

Syed Fattahul Alim | 2022-10-31 00:00:00

The International Monetary Fund (IMF), quoting the World Food Programme (WFP), recently said that at present 345 million people across the globe are in danger of facing acute food insecurity. And 828 million people have already been going hungry every...

Saudi co may be picked to operate Patenga Terminal

NAZIMUDDIN SHYAMOL | 2022-10-30 00:00:00

CHATTOGRAM, Oct 29: The Patenga Container Terminal will start its operation in January next following the appointment of an operator by the shipping ministry, which is reportedly carrying out consultation with a Saudi Arabian company in this regard. The Red...

Twin crises of food and fuel looming

Asjadul Kibria | 2022-10-30 00:00:00

A question stirs many minds if Bangladesh could face a twin crisis of food and energy within a few months. Such apprehension is now quite pertinent for reasons not so few, especially when energy crisis is already there and premonition...

BD out to find payment option amid SWIFT ban

REZAUL KARIM | 2022-10-29 00:00:00

Dhaka is desperately exploring alternative payment systems amid multiple sanctions, including SWIFT ban, against Russia as bilateral trade will suffer a setback sans a free and safe transaction mechanism.State agencies, including finance and commerce ministries, and central bank, are expected...

IMF support to enable govt to recharge reserves

SYFUL ISLAM | 2022-10-29 00:00:00

The International Monetary Fund (IMF) says its support programme for Bangladesh will help the country replenish its foreign-currency reserves and enhance the capacity to deal with economic downturn feared ahead.While launching its 'Regional Economic Outlook Report for Asia and the...

Olympic Industries’ profit slumps to seven-year low on high production cost

BABUL BARMAN | 2022-10-29 00:00:00

The net profit of Olympic Industries Limited slumped to nearly Tk 1.21 billion in fiscal year (FY) 2021-22, the lowest in seven years, dented by higher production cost and rising raw materials prices.The country's leading biscuit maker has reported a...

Circumstances are most unusual but helpline 999 proves handy

Nilratan Halder | 2022-10-29 00:00:00

"Hello, is it 999?" "Yes, how can I help you?"--comes the prompt reply from the national helpline. "I am in great danger, can't get out of a shop. Need your help immediately or else I fear for my life". Following...

Fishermen return to sea to catch fishes as fishing ban goes

Nazimuddin Shyamol | 2022-10-29 00:00:00

CHATTOGRAM, Oct 28: The fishermen with fishing nets, boats and trawlers returned to the Bay and mouths of different rivers in the district as a three-week-long ban on fishing, including hilsa harvesting, came to an end early Friday. Sources said...

Heat exposure and workers' health in Bangladesh

Hasnat M Alamgir | 2022-10-29 00:00:00

Bangladesh has hot, humid weather. Working outdoors can become awfully difficult here during its very long summer season that lasts practically from April to October: that is about 7 months. The midday temperature between June and September often remains above...

Low interest income brings down DBH Finance's profit by 24pc

BABUL BARMAN | 2022-10-28 00:00:00

DBH Finance PLC posted a 24 per cent year-on-year fall in profit in the third quarter this year as interest income from loans dropped significantly. DBH Finance, formally known as Delta Brac Housing Finance Corporation, exclusively focused on home loans,...

ACI sees marginal growth, helped by a subsidiary

Mohammad Mufazzal | 2022-10-28 00:00:00

Advanced Chemical Industries (ACI) has registered a moderate year-on-year growth in consolidated earnings per share (EPS) for the fiscal 2022, mainly riding on a subsidiary.The company's stand-alone EPS, however, fell marginally. The growth in consolidated EPS was mainly supported by...

Economic, environmental and other benefits of urban gardening

Nilratan Halder | 2022-10-28 00:00:00

The United Nations (UN) agency, Food and Agriculture Organisation (FAO) is usually thought to be associated with country-specific agriculture involving production of cereals and staples. Far from this, its range and scope are extended to even urban gardening including the...

In the West, they carry their own bags

Syed Badrul Ahsan | 2022-10-27 12:00:00

The good bit, among so many other good bits, about western democracy is the decency with which rival politicians campaign against one another for high office, the grace with which the defeated accept the triumph of their adversaries and the...

ADB confirms funding for Dhirasram ICD

MUNIMA SULTANA | 2022-10-27 00:00:00

The Asian Development Bank (ADB) has confirmed its funding for developing substructure in the Dhirasram Inland Container Depot (ICD) project.This would enable the Bangladesh Railway (BR) to place the project under the public private partnership (PPP) category in future.Sources said...

Supply disruption forewarned amid unabated price spiral

REZAUL KARIM | 2022-10-27 00:00:00

Bangladesh Trade and Tariff Commission (BTTC) forewarned further supply disruption of key essential items on the domestic market for factors that include banks' reluctance in opening import LCs.Among other factors is the prevailing supply scarcity of power and gas that...

For Ctg traders, Sitrang leaves trail of economic devastation

NAZIMUDDIN SHYAMOL | 2022-10-27 00:00:00

CHATTOGRAM, Oct 26: Sitrang made landfall in Chattogram, Patuakhali and Barisal coastline 72 hours ago but the pre-cyclone rains which submerged those areas, including the port city, has left a trail of devastation in the region. Apart from rain water,...

Linde's profit plummets on fall in Covid-induced demand for Oxygen

BABUL BARMAN | 2022-10-27 00:00:00

Linde Bangladesh, a leading medical and industrial gas producer, has reported a 23 per cent year-on-year drop in net profits for the third quarter of 2022, driven mainly by a sharp revenue fall in its healthcare segment and higher raw...

Rishi Sunak and his 'maiden' speech

Hasnat Abdul Hye | 2022-10-27 00:00:00

It may be facetious to try to refresh the memory of those who have forgotten the meaning of the words 'maiden speech' but is worth bearing that risk because it has not been used much, perhaps rarely, in public discourse...

MJL Bangladesh's profit declines for rising costs amid devaluation of taka

Mohammad Mufazzal | 2022-10-26 00:00:00

MJL Bangladesh has recommended 50 per cent cash dividend for fiscal 2021-22 despite a decline in profits, only to maintain consistency with its previous records. Profits fell because of the rising costs of business in tandem with the devaluation of...

Foodies for interior design and ambience over food

Nowshaba Achal | 2022-10-26 00:00:00

The number of restaurants is increasing rapidly, and so is the number of people choosing to dine in restaurants. While food is easily the primary attraction of a restaurant, the latest trends and consumer behaviours suggest that the interior designs...

Govt cuts markup on sugar, edible oil trade

REZAUL KARIM | 2022-10-25 00:00:00

The government has slashed the allowable profit margins at the production, wholesale (distributor) and retail levels of edible oil and sugar apparently to give some relief to the consumers battered by the skyrocketing prices of essentials.The edible oil and sugar...

Dengue creating havoc, may spread more

DOULOT AKTER MALA | 2022-10-25 00:00:00

Nargis Banu's efforts to control Aedes mosquitoes in her residence proved futile as her six-year son was infected by dengue on Monday. Ms Banu, the mid-age lady - residing in the city's Mirpur Arambag area, was in search of O+...

Dhk-Sylhet highway expansion likely from December

MUNIMA SULTANA | 2022-10-25 00:00:00

Dhaka-Sylhet highway-widening work is likely to be another pain for commuters as the authorities concerned are going to start the first 35-kilometre work before exhausting peripheral activities.To this effect, the Roads and Highways Department (RHD) signed two contracts with two...

IPDC profit drops 18pc, driven by subdued stock market, higher provision

BABUL BARMAN | 2022-10-25 00:00:00

IPDC Finance Ltd has reported an 18 per cent year-on-year fall in its net profit in the third quarter of 2022, mainly due to higher provision against loans and a decline in income from the stock market.The capital market is...