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Meloni, Italy's first female prime minister

Syed Fattahul Alim | 2022-10-25 00:00:00

Italy has its first female prime minister, Giorgia Meloni. And hers will also be Italy's first far-right government after the World War II. This firebrand, far-right, 45-year-old leader who founded the party just a decade back, has made history by...

Prioritisation of local private sector in logistics policy

S A Taleb | 2022-10-25 00:00:00

Port logistics play a crucial role in trade facilitation. Without improved logistics, development of a country is unthinkable. Bangladesh, which is poised to be a middle income country in near future, have advanced much in port logistics in the last...

RHD to sign deals with China-BD JV cos today

MUNIMA SULTANA | 2022-10-24 00:00:00

The long-awaited Dhaka-Sylhet Highway four-lane project work is likely to start -- nearly seven years after its feasibility study -- with selection of two China-Bangladesh joint-venture (JV) companies for expanding the country's second- most important artery.The Roads and Highways Department...

NBR's Q1 revenue collection grows 16pc

DOULOT AKTER MALA | 2022-10-24 00:00:00

The country's internal tax revenue collection grew by nearly 16 per cent (year-on-year) in the first quarter (Q1) of the current fiscal year despite posting a shortfall of Tk 40.74 billion against the target.The National Board of Revenue (NBR) collected...

Refiners seek duty cut on raw sugar imports

REZAUL KARIM | 2022-10-24 00:00:00

Refiners have demanded of the government to withdraw all duties on import of raw sugar due to skyrocketed prices of sugar in the local market.They also requested ensuring uninterrupted supply of gas to their production units so that they could...

Stocks' volatility eats up govt earnings from DSE

BABUL BARMAN | 2022-10-24 00:00:00

The government's revenue earnings from the Dhaka Stock Exchange dropped 33 per cent year-on-year to Tk 881 million in the first quarter of the current fiscal year, owing to a decline in turnover and share sales by sponsor-directors. "Sluggish trading...

Redressing the basic faults in transport sector

Neil Ray | 2022-10-24 00:00:00

On the eve of the National Road Safety Day, the chairman of the Bangladesh Road Transport Authority (BRTA) remarked that his organisation has not enough manpower to make a nation of 170 million people comply with the road safety rules...

Protecting the low-income group

Syed Fattahul Alim | 2022-10-24 00:00:00

As the US dollar continues to rocket up, world's other currencies are tanking. This is driving up the prices of goods and services everywhere. In Bangladesh, the unrestrained price hike of essential commodities has been in large measure due to...

Bangladesh's graduation from LDCs category

Sharifa Khan and Gwyn Lewis | 2022-10-24 00:00:00

While Bangladesh, Lao PDR, and Nepal are three very different countries, they face the same uncertain world and are managing the consequence of the Covid-19 pandemic, the war in Ukraine, and escalating climate-related disasters. Despite their different socio-economic conditions, the...

Underground MRT

MUNIMA SULTANA | 2022-10-23 00:00:00

A joint venture of eight companies is set to work as the construction supervision consultant for the country's first underground metro rail project, which is expected to start soon. Sources said the land development work of the mass rapid transit...

Regulator to cancel registration of 35 MFIs

ISMAIL HOSSAIN | 2022-10-23 00:00:00

The country's microcredit regulator has made a move to cancel registration of 35 micro finance institutions (MFIs) for failing to submit audited reports to the regulator. They didn't file mandatory financial reports for fiscal year 2020-21 until the last date...

Inside information suspected behind abnormal ups and downs of stock prices

Mohammad Mufazzal | 2022-10-23 00:00:00

Quick stock price hikes before corporate declarations and then a slide just as swiftly after disclosures are the fallouts of trading based on insider information, sources in the capital market say. The intention to make rapid capital gains also prompts...

Regulatory delay in publishing FSR

Asjadul Kibria | 2022-10-23 00:00:00

It goes without saying that risks to financial stability have increased across the world in the midst of the highest inflation in decades. The ongoing Russian war in Ukraine has ramped up the risks as the negative impact of war...

Stocks slump as selloffs intensify

BABUL BARMAN | 2022-10-22 00:00:00

Stocks tumbled in the outgoing week to Thursday, after trading sideways for the last six weeks, as investors raced to dump their holdings, unnerved by ongoing economic uncertainty.Of the five trading days during the week, the first four sessions suffered...

Saving freshwater small indigenous fish species

Nilratan Halder | 2022-10-22 00:00:00

This deltaic low land has been home to innumerable species of sweet water fish. So rice and fish have been the two most popular food items to define the Bangalee's Bangaleeness. But many of the fish species of natural water...

Employers need to promote employee health in BD

Hasnat M Alamgir | 2022-10-22 00:00:00

Evidence accumulated over the past few decades shows that well-designed workplace health promotion programmes founded on evidence-based principles can achieve positive health outcomes for employees and yield higher economic returns for employers.Workplace health promotion programmes (WHP) are coordinated and comprehensive...

Move to revamp 14 DEMU trains

MUNIMA SULTANA | 2022-10-21 00:00:00

A move has been made to overhaul 14 DEMU trains that have remained inoperative for years as one set has been repaired using local expertise at Tk 5.0 million only.Official sources said the Chinese supplier company sought Tk 50 million,...

Square Pharmaceuticals to give 100pc cash dividend

Mohammad Mufazzal | 2022-10-21 00:00:00

Square Pharmaceuticals has recommended cent per cent cash dividend for the second time in its history with the country's bourses.Its sales grew significantly in the year ending June 30, 2022 "due to the quality of the drugs [manufactured by Square]...

Gemini Sea Foods fails to lure investors after 40pc dividends

BABUL BARMAN | 2022-10-21 00:00:00

Gemini Sea Foods suffered a big jolt to become the top loser on the Dhaka Stock Exchange yesterday after it declared 40 per cent dividend as records show an impressive 17 times year-on-year growth in profits in the year ending...

University rankings put education in global perspective

Nilratan Halder | 2022-10-21 00:00:00

After the Quackquarelli Symonds university ranking for the year 2023 published in June last, comes the Times Higher Education (THE) university ranking. Just released, the THE ranking has certainly been a mixed bag of good and bad tidings. It is...

Nobel Prize in Economics 2022

M Kabir Hassan and Mohammad Dulal Miah | 2022-10-20 12:00:00

The Nobel Prize in Economics in 2022 was jointly awarded to Ben S. Bernanke, Douglas W. Diamond, and Philip H. Dybvig for their path breaking work on the role of banks in economic progress by facilitating financial intermediation. The seminal...

Import of bovine meat

REZAUL KARIM | 2022-10-20 00:00:00

India has requested Bangladesh to withdraw supplementary duty on import of frozen boneless bovine meat as the protection measure goes beyond the spirit of SAFTA (South Asian Free Trade Area) agreement. The measure to protect the domestic meat production is...

Railway gets only three projects since 2020

MUNIMA SULTANA | 2022-10-20 00:00:00

The railway has got the nod to only three new projects for execution since the countrywide spread of coronavirus in March 2020, reflecting a budget crunch.However, experts think that the sector must get priority considering the government's target to diversify...

Accords soon for nosing out tax-dodgers

Doulot Akter Mala | 2022-10-20 00:00:00

Now the tax authority moves to nose out tax-dodgers through crosschecking power-and gas-usage data of individuals and companies by partnering distributors of the two key utilities-after shelving invasive scrutiny of corporate financials. To this end, sources say, the National Board...

Heidelberg Cement incurs loss for three quarters straight

BABUL BARMAN | 2022-10-20 00:00:00

Rising costs of raw materials and freight charge brought down sales of Heidelberg Cement Bangladesh Ltd, inflicting a loss of Tk 36.02 million in the third quarter this year. The company suffered a loss of Tk 108 million in the...

Unilever Consumer Care grows riding on price hikes, efficiency

Mohammad Mufazzal | 2022-10-20 00:00:00

Unilever Consumer Care has reported 15 per cent growth in the earnings per share (EPS) for July-September (Q3), 2022 compared to the same period in the previous year, riding on price hikes and operational efficiencies.The company's one-off benefit also played...

Breakwater for Bay Terminal

Nazimuddin Shyamol | 2022-10-20 00:00:00

CHATTOGRAM, Oct 19: Chittagong Port Authority (CPA) has signed an agreement with foreign and local companies to select an international consultancy firm for a detailed engineering design of breakwater for its Bay Terminal.The deal was signed with Sellhorn Ingenieurgesellschaft mbH,...

Our villages ... in need of rejuvenation

Syed Badrul Ahsan | 2022-10-20 00:00:00

Our villages are in need of rejuvenation, in every sense of the meaning. In our race toward urbanization, an experiment which has often led to cities being unable to cope with the innumerable pressures brought on by projects and by...

NBR skips big tax fair this year too

DOULOT AKTER MALA | 2022-10-19 00:00:00

The revenue board will not host large-scale tax fair in Dhaka city this year too ahead of the deadline for submission of tax returns by individual payers.Instead, the National Board of Revenue (NBR) will go for festive decorations in their...

Clouds clear over float glass export

REZAUL KARIM | 2022-10-19 00:00:00

India is unlikely to take any anti-dumping measure against Bangladeshi clear float glass (CFG) as the Indian investigations found the dumping allegations were not based on fact, official sources here said.Although the Directorate General of Trade Remedies (DGTR) of India...