Flying debut of Navana Pharma as investors' hopes hinge on the sector

Navana Pharmaceuticals made a flying debut on Tuesday on the bourses as its share price hit the upper limit circuit breaker amid much hype among investors.The share price jumped 10 per cent, or Tk 2.40 each, to close at Tk...

‘Dui Diner Duniya’ - an interesting story fails to hit the spot

Dui Diner Duniya, a supernatural road thriller directed by Anam Biswas, the famed director of ‘Debi,’ and written by Ashraful Alam Shao, has been available on the OTT platform Chorki since October 16. The film has created much buzz in...

Domestic revenue mobilisation

The revenue authority does not have any specific fund allocation for spending on information communication technology (ICT), creating an uncertainty over timely execution of its digitization initiatives.Officials said the digitization initiatives of the National Board of Revenue (NBR) are, however,...

Metro rail likely to open on Dec 16

The long wait for the country's first-ever metro rail is likely to go on December 16 as its opening may be timed to coincide with the celebration of Victory Day.The elevated train targets to operate from Uttara to Agargaon with...

Wind of change over telecom network business

A wind of change may reorder telecommunications-network business in Bangladesh as a new policy in the making will open the sector to foreign investment and put local entrepreneurs to quality test.Sources say the transition involves some initial pains, as the...

Apex Foods plummets amid selling pressure to avoid loss

Apex Foods topped the list of the losers on Monday just after reporting a whopping 148 per cent growth in earnings per share (EPS) and 20 per cent cash dividend for the fiscal 2021-22. The stock fell 13.68 per cent,...

Conflict resolution: re-inventing the role of UN

For the umpteenth time, the United Nations (UN) passed a resolution condemning Russian invasion of Ukraine last week. It was not unanimous, with 45 countries abstaining and five casting their votes against the resolution. Even if it was unanimous the...

Tackling dengue menace

The number of dengue patients in the hospitals across the country is on the increase. According to the Directorate General of Health Services (DGHS), so far more than 25,000 dengue patients have been admitted to different hospitals in the country...

Corporate-taxmen compromise

Revenue authorities, finally, have softened their stance on an ‘intrusive’ verification of financials of large taxpayers on an overriding question of privacy and business secrets of companies, sources say. The business biggies may have to share the requisite data or...

Geriatric day-care centre

The inauguration of the country's first geriatric day-care centre at the BIRDEM (Bangladesh Institute of Diabetes, Endocrine and metabolic Disorders) could not come at a more appropriate time. Developed countries, Japan in particular, have long witnessed the increase in the...

Perfect storm brewing

Of late, the world media has been awash with Russia-Ukraine war, which is being blamed for all the current economic and financial crises across the globe. This is for obvious reason. Skyrocketing fuel oil, natural gas and food prices, instability...

$230b plan up for passage

A 27-year comprehensive plan involving $230 billion to combat adverse impacts of climate change in Bangladesh is set to be placed before the cabinet shortly.The draft plan styled 'National Adaptation Plan (NAP) 2023-2050' entails a detailed outline to attract both...

Promoting education through funding

Educational funding is an option available to pupils worldwide for supporting their education financially through various schemes and methods. It can be provided by both public and private sector entities, as well as through individual engagements or involvements like part-time...

This year's Nobel prize in economics and Bangladesh's banks

This year the award goes to three American economists for their researches that 'significantly improved our understanding of the role of banks in the economy, particularly during financial crises'. Another season of awarding Nobel Prize concluded last Monday with the...

Inflation-hit poor require more support

Poor people are extremely affected by inflation and the government of Bangladesh needs to extend further supports to cushion impacts of price hike on them, says a multilateral aid-agency representative and suggests current economic priorities."Inflation unfortunately disproportionately affects the poor...

Paradoxes, hilarious or pathetic, are irresolvable!

This country has long earned fame or infamy either for paradoxes at their most hilarious or pathetic. Paradoxes can be its weaknesses on the one hand; and strength, on the other. Those can concern molehill to mountain as well. The...

Understanding socio-economic burden of serious injuries in BD

Injuries-intentional or unintentional-when serious in nature are life-altering conditions. Great improvements have been made in high-income countries in reducing morbidity and mortality following severe injuries arising from violence, traffic accidents, or occupational hazards. While higher life expectancy and improved quality...

Implications of students' mental disorder

This year's theme of the World Mental Health Day, " Make mental health and well-being for all a global priority" is more a wishful thinking than an achievable target in the foreseeable future. Observed globally under the auspices of the...

Halda: An unsafe habitat for fish, red dolphins

CHATTOGRAM, Oct 12: Dolphins have been getting killed in the Halda River in an increased number for the past few years making the national heritage appear as an extremely unsafe zone for the aquatic creatures. Carcasses of as many as...

A case for football

There is all the restoration and, in certain instances innovation, we need to go for in Bangladesh. The objective is simple. We need to convince ourselves that our cultural and social traditions are yet part of us, heritage which we...

Over-reliance on RMG to be major barrier: Report

The overdependence on apparel exports could be a major barrier to sustaining the country's economic growth in the next 10 years, according to a latest research report.The report, titled 'Bangladesh Economic Update-2022', published by Lightcastle Partners, says the upcoming few...

Karnaphuli tunnel's construction work to end in Dec

CHATTOGRAM, Oct 11: The construction work on Bangabandhu Sheikh Mujibur Rahman tunnel will end in December next and the multilane tunnel will be opened to public traffic by the end of this year, officials said. Once inaugurated, the 9.092-kilometre long...

Ordering food in: Changing dynamics of restaurant food habits

It was 10:30 at night. You had your dinner earlier and are already in bed to take another step towards a 'healthy life. However, a little hunger seems to be peeking into your stomach. And coincidentally, you come across a...

BD may seek trade facilities for six more yrs

Bangladesh along with other members of the LDC group is likely to seek continuation of the existing trade facilities from all the parties concerned for a six-year period after their graduation from the least developed country (LDC) status, sources said.To...

Govt tightens purse strings

Belt-tightening in public spending and austerity in development expenditure in Bangladesh have hit the cement sector hard with a waning demand since 2021.The opening of letters of credit (L/Cs) for import of clinkers and other raw materials for the key...

Dhaka, Tokyo renew MoC deal

As the first memorandum of cooperation (MoC) expired on June 15 last, Bangladesh and Japan have renewed the agreement on working under the public private partnership (PPP) initiatives, creating a scope for more Japanese investment in Bangladesh in the coming...

Human factor still matters

Of late, loadshedding is being experienced daily as part of the government's policy to save fuel. But last week's power outage was different in scale and duration. The probe committee formed by the Power Grid Company of Bangladesh (PGCB) is...

Widening Elenga-Hatikumrul-Rangpur highway

Land acquisition-related delay, new rate of schedule for compensation and increased prices of construction materials are likely to raise both project cost and time of SASEC 2 for third time.Sources said the project which started field-level work late to widen...

New BB tools to assess banks' strengths

The central bank is preparing a stress-testing mechanism that would help the banks better understand their financial strengths in the events of any macroeconomic shock in the country. It has taken the initiative to formulate the new tools as recommended...

Rate rise, inflation and looming recession

Central banks across the world have been raising policy rates since the end of the past year to rein in bubbling inflation, fuelled by a splurge of money supply to stimulate life and livelihood. Almost all the major economies have...