Author: Redoy K

Archive Economy

Broad reform agenda vital to restore trust in banks: CPD

The Centre for Policy Dialogue (CPD) urged the government to reduce bad loans and establish good governance in the banking sector. It recommended devising a comprehensive reform agenda, strengthening commercial banks, upholding Bangladesh Bank’s independence, creating a conducive legal environment, and setting up a banking commission. The think-tank highlighted the alarming rise in non-performing loans (NPLs) in both state-run and private banks over the past decade, eroding public trust in the sector.

24 May 2024
Archive Education

Young University Rankings 2024: NSU first, BRACU second in Bangladesh

North South University (NSU) has topped the Times Higher Education (THE) Young University Rankings 2024 among Bangladeshi universities, ranking in the 301-350 bracket globally. BRAC University, Khulna University, and Shahjalal University of Science and Technology secured the next three positions in the country. The rankings evaluated 673 universities worldwide based on performance indicators, with 15 Bangladeshi institutions participating, although only four received ranks.

24 May 2024
Archive VIEWS

Is the family farm disappearing?

Bangladesh’s agrarian landscape faces a tug-of-war between capital’s demand for higher productivity and the traditional peasant mode of subsistence farming. As industrialization encroaches, the push for collectivization and state-enforced grain targets risks alienating peasants from their family-centric production motives. The availability of additional land to accommodate family farm cycles is limited, intensifying tensions between modernizing imperatives and deeply-rooted agrarian traditions. Policymakers grapple with balancing food security and preserving the peasantry’s way of life. FILE PHOTO: MOHAMMAD MONIRUZZAMAN

24 May 2024
Archive CRIME & JUSTICE

MP Azim murder: Detectives to seek 10-day remand for 3 suspects

Three persons, including Syed Amanullah alias Shimul Bhuiyan, a leader of Purbo Banglar Communist Party, were arrested in connection with the killing of lawmaker Anwarul Azim Anar in Kolkata on May 13. Detectives will seek a 10-day remand for them. The mastermind, Aktaruzzaman Shahin, a Bangladeshi-born American citizen, fled to Nepal after the murder, which was planned months ago. File photo of Anwarul Azim Anar

24 May 2024
Archive Asia

China starts 2nd day of war games around Taiwan to test ability to ‘seize power’

China’s military launched two days of war games around Taiwan on Friday, testing their ability to “seize power” and control key areas. The drills were launched shortly after Taiwan’s President Lai Ching-te took office, as Beijing views him as a “separatist”. Taiwan condemned the exercises but life continues normally on the island. The drills raise risks of accidents or miscalculations, as analysts see it as a warning that Chinese forces could attempt a swift blockade against Lai’s government, which Beijing refuses to engage with over its sovereignty claims on Taiwan. Photo: Reuters

24 May 2024
Archive International

World leaders are disconnected from the youth

The relentless killing in Gaza, with thousands of civilian casualties including women and children, is being condemned as a potential genocide though the US claims it is not. Despite excessive police force against them, thousands of students across major US universities are protesting and demanding their administrations divest from groups profiting off the conflict. These students, representing the moral compass, are exercising their rights and calling out the double standards and discrimination, refusing to be silenced despite risks to their education. Their resolut. e voices against the bloodshed are only getting louder globally. PHOTO: REUTERS

24 May 2024
Archive FOOTBALL

Whitecaps tell fans not to expect Messi for Miami MLS clash

Vancouver Whitecaps have warned fans that Inter Miami stars Lionel Messi, Luis Suarez, and Sergio Busquets are not expected to play in their MLS match on Saturday. The Whitecaps CEO said they wanted to give fans advance notice, as they were anticipating a crowd of over 50,000 at BC Place. To soften the disappointment, the club will offer discounted food and beverages. Messi, the face of MLS, returned to Miami’s starting lineup last weekend after missing a match due to knee discomfort. PHOTO: AFP

24 May 2024
Archive South Asia

CPJ expresses alarm after chair of Nepal’s largest media group arrested

The Committee to Protect Journalists has expressed alarm over the arrest of Kailash Sirohiya, chair of Nepal’s largest media group Kantipur Media Group (KMG), by plainclothes police officers. It has called on authorities not to harass or intimidate KMG’s leadership or staff in retaliation for its critical reporting, which recently alleged the deputy prime minister’s involvement in misappropriating funds while leading another media company.

24 May 2024
Archive Weather

Remal’ to reach Bangladesh, West Bengal coasts by May 26

A cyclonic storm brewing in the Bay of Bengal is expected to intensify into a severe cyclone named ‘Remal’ and make landfall near the coasts of Bangladesh and India’s West Bengal by May 26. The Indian Meteorological Department has warned fishermen against venturing into the north Bay of Bengal till Sunday. While weather models differ on the exact landfall point, ranging from Bangladesh coast to West Bengal and Odisha coasts, the storm is likely to bring heavy rainfall and strong winds to the region.

23 May 2024
Archive TV & FILM

Afsana Mimi’s father passes away

Veteran Bangladeshi actress Afsana Mimi’s father, Syed Fazlul Karim, passed away at 8:30 am today. His janaza will be held in Uttara, and he will be buried in Khulna. Mimi rose to fame in the ’90s with roles in popular dramas and films like “Kothao Keu Nei” and “Nodir Naam Modhumoti”. She recently received a National Award for her performance in “Paap Punno”. Photo: Collected

23 May 2024
Archive TV & FILM

Charlie Colin, founding member and bassist of band Train, dies at 58

Charlie Colin, co-founder and bassist of the pop-rock band Train, known for hits like “Drops of Jupiter” and “Meet Virginia”, has died at 58. Colin’s sister confirmed his accidental death from a fall while house-sitting in Brussels. A founding member of Train, Colin contributed to their first three albums before leaving in 2003 due to substance abuse issues. After departing Train, he formed other bands like Painbirds and the Side Deal. Train paid tribute to Colin, calling him “the sweetest guy” whose bass playing helped launch their success. Photos: Collected

23 May 2024
Archive BUSINESS

What are the costs behind Trump’s economic proposals?

Donald Trump’s proposed economic policies for his 2024 presidential bid include imposing tariffs of at least 10% on all US imports, and up to 60% on Chinese goods, aiming to boost government revenue. Analysts warn these tariffs could cost American households $1,700 annually and add $500 billion yearly to consumer costs. Additionally, extending Trump’s 2017 tax cuts could inflate the deficit by $4.6 trillion over a decade, according to the Congressional Budget Office, potentially offsetting any tariff gains and requiring spending cuts. Photo: AFP

23 May 2024
Archive CRIME & JUSTICE

Stepmom arrested for killing 5-year-old in Gazipur

A five-year-old girl, Mim Akter, was found dead in a sack on her stepmother’s sun-shed in Gazipur’s Kaliakair. Mim went missing around 10 am, and after a search, locals discovered her body around 8 pm. Police have arrested the stepmother, Ayna Akhter, after a case was filed against her. Ayna is set to be produced before the court today. Star Digital Report

23 May 2024
Archive FOOTBALL

Gasperini hails ‘incredible’ Atalanta history-makers

Atalanta won their first ever continental trophy by defeating German champions Bayer Leverkusen 3-0 in the Europa League final. Manager Gian Piero Gasperini praised his “incredible” players for their attacking display, capped by Ademola Lookman’s hat-trick. Lookman expressed joy at making history, as Atalanta celebrated their maiden European triumph after a sensational season.  Photo: Reuters

23 May 2024
Archive Economy

How taka’s drop ate away economic output per person

Bangladesh’s economic growth, measured in US dollars, has slowed due to the taka’s sharp depreciation against the greenback. While GDP and GNI per capita rose steadily in taka terms, their dollar values fluctuated, suggesting the currency’s devaluation has prevented the economy from fully realizing its growth potential. Restoring exchange rate stability is crucial for Bangladesh to maximize its economic gains. Star Digital Graphics

23 May 2024
Archive VIEWS

Freedom vs prosperity: A rehash of the development vs democracy debate

A US think tank report found strong evidence that increasing freedom leads to long-term prosperity, but noted Bangladesh’s freedoms have declined despite economic progress. The report implies Bangladesh’s current prosperity is unsustainable. It reignites the development vs. democracy debate, with government apologists arguing development should be prioritized over democracy, even if exploitative. However, the article argues Bangladesh can take time building an inclusive, rights-respecting development model benefiting all citizens. VISUAL: ANWAR SOHEL

23 May 2024
Archive USA

US reports 2nd human case of bird flu tied to dairy cow outbreak

US health authorities announced a second human case of bird flu, caused by the H5N1 virus, in a dairy farm worker in Michigan. Like the first case in Texas, the Michigan worker had mild symptoms and recovered. The risk to the general public remains low, but the CDC expects more cases as the outbreak circulates widely among dairy cows. As of Wednesday, 52 US herds across 9 states were infected. While concerning, there’s no evidence yet of human-to-human transmission. Photo: Reuters

23 May 2024
Archive Economy

Govt likely to announce tax rates in advance

The National Board of Revenue (NBR) is planning to introduce a new ‘prospective tax system’ from the next fiscal year 2024-25. Under this system, the NBR will announce income tax rates for individuals and companies in advance, allowing them to make better investment and tax plans. Experts and business leaders have welcomed the move, stating it will boost investor confidence and encourage domestic and foreign investment. The new system is expected to replace the existing ‘retrospective tax system’.

23 May 2024
Archive CRICKET

Rajasthan knock Bengaluru and Kohli out of IPL

Virat Kohli’s dream of winning the IPL title with Royal Challengers Bengaluru ended as they were knocked out after a four-wicket loss to Rajasthan Royals in the play-off eliminator in Ahmedabad. Despite Kohli’s 33 runs, Bengaluru could only manage 172-8, which Rajasthan overhauled with six balls to spare. Rajasthan will face Sunrisers Hyderabad in the second qualifier, with the winner taking on Kolkata Knight Riders in the final on May 26.  PHOTO: AFP

23 May 2024
ACCIDENTS & FIRES Archive

Two children drowned in ponds in Banshkhali upazila of Chattogram today.

In a tragic incident, two children drowned in separate pond accidents in Banshkhali upazila of Chattogram today. Romaisa Jannat, aged one-and-a-half years, and Abir, aged two, were declared dead upon arrival at the Banshkhali Upazila Health Complex after being rescued from the ponds they fell into. The health complex’s physician, Dr. Jannatul Ferdous, confirmed the devastating news. Photos: Collected

22 May 2024
Archive CRICKET

Ponting wants Kohli to open in T20 World Cup

ICC Hall of Famer Ricky Ponting believes Virat Kohli remains the first player picked in India’s XI for the upcoming T20 World Cup. Despite concerns over Kohli’s strike rate as an opener, Ponting backs him to open alongside Rohit Sharma, citing his experience and ability to perform in big matches. Ponting also suggests India could consider including left-hander Yashasvi Jaiswal in their XI for batting depth. PHOTO: ICC

22 May 2024
Archive TV & FILM

Cate Blanchett delivers subtle pro-Palestine message at Cannes 2024

Australian actress Cate Blanchett made a powerful fashion statement at the 2024 Cannes Film Festival, wearing a black dress with a green lining, resembling the Palestinian flag. Known for her pro-Palestinian stance and advocacy for refugees, Blanchett’s attire sparked discussions about her using fashion to express solidarity with the Palestinian cause amidst the ongoing Israel-Hamas conflict. Photos: Collected

22 May 2024
Archive India

36 flamingos killed as airplane hits flock in Mumbai

A passenger airplane arriving in Mumbai flew through a flock of flamingos, killing at least 36 of the migratory birds. Wildlife experts fear many more may have died as carcasses and body parts were scattered over a large area. Mumbai airport has recorded over 600 bird strikes since 2018. Environmentalists are calling for measures to prevent such incidents in the crucial flamingo habitats along the city’s coast. Photo: Collected

22 May 2024
Archive Politics

Biden-Netanyahu standoff complicates the Gaza conflict

Amidst the Gaza carnage, an unexpected standoff has erupted between US President Joe Biden and Israeli PM Benjamin Netanyahu, despite Biden’s long-standing support for Israel. The large-scale killing of Palestinians and pro-Palestine protests seem to have stirred Biden’s conscience or reminded him of potential political consequences. After seven months of destruction, Biden urged restraint just as Netanyahu planned a fresh assault on Rafah, where displaced Gazans have taken refuge, straining the traditionally “ironclad” US-Israel ties. PHOTO: AFP

22 May 2024
Archive Bangladesh

24-year-old shot dead in Gazipur clash

A 24-year-old man, Farid Ahmed, was shot dead in a clash between two rival groups in Gazipur’s Sreepur upazila last night. The incident occurred during a conflict over establishing supremacy in the village. Farid was caught in the crossfire when one group tried to attack their cousin. The perpetrators, identified as Shakib, Maruf, and Mahfuz, fled the scene after the incident. Police are investigating the case. Star Online Graphics

22 May 2024
Archive Local

BB takes new initiative to bring export earnings at home

The Bangladesh Bank has changed its decision regarding the exchange rate for exporters who delay in bringing back their export income. Instead of paying them at the rate when the income was supposed to be repatriated, exporters will now get the dollar rate applicable at the time of actually remitting their export proceeds. This move comes as the central bank continues its efforts to encourage timely repatriation of export earnings amid the ongoing dollar crisis in the country. US dollarFile photo

21 May 2024
Archive PRESS RELEASES

Berger Paints and IBA DU oartners for excellence

Berger Paints Bangladesh Limited has partnered with the Institute of Business Administration (IBA), University of Dhaka, to support student welfare and academic infrastructure. The collaboration involves purchasing study materials for the library and renovating the Executive MBA Canteen at IBA DU. The partnership aims to nurture young talent, promote educational excellence, and facilitate a creative learning environment for students. Officials from both organizations expressed their enthusiasm for the initiative during the launch event held at IBA DU.

21 May 2024
Archive FOOTBALL

Messi leads Argentina’s squad for pre-Copa America friendlies

Argentina has named a 29-man squad led by Lionel Messi for their final friendlies before the Copa America, but Paulo Dybala misses out due to injuries. Coach Lionel Scaloni has included youngsters like Leonardo Balerdi, Valentin Barco, Alejandro Garnacho, and Valentin Carboni alongside World Cup winners. Argentina will face Ecuador on June 9 and Guatemala on June 14 before trimming the squad to 26 for the Copa America, which starts on June 20. PHOTO: AFP

21 May 2024
Archive PRESS RELEASES

BRAC Bank celebrates Mother’s Day by welcoming co-workers’ mothers to workplace

BRAC Bank celebrated Mother’s Day 2024 uniquely by inviting the mothers of its co-workers to visit their children’s workplace. The event aimed to show the mothers the work environment and express gratitude for their invaluable role in their children’s success. Around 200 mothers attended the event at BRAC Bank’s head offices and Agrabad Branch, where they mingled with their children and received appreciation from the bank’s top management.

21 May 2024
Archive UK

Julian Assange wins bid to appeal US extradition ruling

Julian Assange has been granted permission to appeal his extradition to the United States, where he argues he may not be able to rely on free speech protections at trial. London’s High Court ruled Assange can appeal on grounds he could face discrimination as a foreign national. The WikiLeaks founder’s legal team welcomed the decision, though his full appeal could take months to be heard. Photo: Reuters

20 May 2024
Archive FOOTBALL

Leverkusen’s Wirtz named Bundesliga Player of the Season

Florian Wirtz of Bayer Leverkusen has been voted the Bundesliga Player of the Season after his stellar performances helped the club win their first-ever league title. Leverkusen completed the season unbeaten, with Wirtz contributing 18 goals in 47 games. The 21-year-old midfielder’s form also earned him a spot in Germany’s preliminary Euro 2024 squad, having scored the winner against France in a recent friendly. Photo: Reuters

20 May 2024
Archive VIEWS

Don’t turn metro rail into a status symbol

The proposal to impose a 15% VAT on Dhaka metro rail fares has sparked concerns over accessibility for lower-income commuters. While the current fare may seem affordable, the additional tax could make the service unattainable for those living below the poverty line. The road transport minister has requested the prime minister to reconsider the decision to ensure the metro rail remains inclusive and benefits the underprivileged segment of the population. PHOTO: MARUF AREFIN MIM

20 May 2024
Archive BUSINESS

Stocks fall for sixth consecutive day

Shares at the Dhaka Stock Exchange (DSE) fell for the sixth consecutive day, primarily due to the price erosion of selective large-cap stocks like BRAC Bank, British American Tobacco Bangladesh, and Beximco Pharmaceuticals. The DSEX, the benchmark index, plunged 0.69% to 5,393.65, the lowest in over three years. Despite increased daily .

20 May 2024
ACCIDENTS & FIRES Archive

Road accident kills 1 on Dhaka-Aricha highway

A police officer’s wife was killed and he was injured in a hit-and-run accident on the Dhaka-Aricha highway in Savar’s Hemayetpur last night. The deceased is Hafiza Akhter Tania, 30, wife of Sub-Inspector Arif Hasan from Dhanmondi Police Station. They were hit by an unknown vehicle while riding a motorcycle. Tania was declared dead at a local hospital, while the injured Hasan was later moved to a Dhaka hospital. The vehicle involved in the accident is yet to be identified.

20 May 2024
Archive CRICKET

Bangladesh should win against South Africa and Sri Lanka: Mashrafe

Former Bangladesh captain Mashrafe Bin Mortaza expects the Tigers to win at least one match against South Africa or Sri Lanka in the upcoming T20 World Cup. He believes Bangladesh should aim to beat both teams as well as Nepal and the Netherlands in the first round. Mashrafe also emphasized the importance of the Olympics, stating that winning a gold medal at the mega event would be the biggest achievement for Bangladesh. Photo: Firoz Ahmed

20 May 2024
Archive Bangladesh

Battery-run rickshaw ban: 44 arrested in 4 cases over Mirpur clashes

At least 44 people, mostly battery-run rickshaw and easy bike drivers, were arrested in four cases filed after clashes erupted in Dhaka’s Mirpur area on Sunday. The drivers protested a ban on their vehicles, leading to clashes with police, vandalism, and arson. The cases accuse the drivers of attacks on law enforcers, unlawful gatherings, and vandalism. At least 20 people were injured in the clashes. Photo: Prabir Das

20 May 2024