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Bapex finds gas presence at Jamalganj well

Fresh natural gas has been found in a well at Jamalganj of Madarganj Upazilla in Jamalpur district, an official of Bapex said on Sunday."Bapex (Bangladesh Petroleum Exploration and Production Company) discovered the presence of gas at Madarganj, Jamalpur during preliminary tests," Mohammad Mozammel Hoque, Drilling Superintendent and project director of...

City corporations still in limbo over management of cattle market sites

With Eid-ul-Azha at just around the corner, Dhaka's two city corporations are scrambling to finalise leasing processes for several targeted temporary cattle markets across the city.Of these, 13 are under the jurisdiction of Dhaka North City Corporation (DNCC) and eight are under Dhaka South City Corporation (DSCC). Although the cattle...

Prices of local mobile phones may increase

Local mobile phone manufacturers and assemblers are likely to face increased value-added tax (VAT) in the next fiscal year (FY2025-26), as the government plans to reduce certain facilities currently enjoyed by the sector.Authorities argue that the measure aims to prepare the industry to become sustainable and competitive with imported alternatives.According...

T-bills witness sharp rise in yields ahead of Eid-ul-Azha

The yields on treasury bills (T-bills) increased significantly on Sunday as banks expressed unwillingness to invest their excess liquidity in the securities ahead of the upcoming Eid-ul-Azha.The cut-off yield, generally known as interest rate, on the 91-day T-bills rose to 12.02 per cent from 11.69 per cent of the previous...

Mahmud-led Forum panel wins BGMEA elections

The Forum panel led by Rising Group Managing Director Mahmud Hasan Khan won the biennial elections of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) for 2025-2027 term securing 31 out of 35 director posts.The panel bagged 25 posts out of 26 in Dhaka and 6 out of 9 in...

Reform in customs clearance, visa regime a must to boost FDI

Reform in the customs clearance procedure and visa regime is imperative to boost the inflow of foreign direct investment (FDI) into Bangladesh, Park Young-sik, South Korea's Ambassador to Bangladesh, said on Sunday.He emphasised the urgent need for Bangladesh to undertake economic and policy reforms to attract higher levels of FDI,...

Monsoon rains submerge Ctg

CHATTOGRAM, June 01: The low lying areas of Chattogram went into knee-deep water due to monsoon rains on Sunday, causing immense sufferings to its residents.Residents of some areas have been remaining water-logged for five consecutive days.Sources said, downpour started from 2 pm Wednesday and continued till Sunday evening.The local meteorological...

Consensus Commission's 2nd round of talks with political parties begins today

Second round of dialogue of the National Consensus Commission with the political parties will begin today.The dialogue will begin at the Foreign Service Academy in the capital at 4:30 pm, reports BSS.Chief Advisor Professor Dr. Muhammad Yunus will inaugurate the dialogue, Chief Advisor's Deputy Press Secretary Abul Kalam Azad Majumder...

Surma, Kushiyara flow above danger levels in Sylhet, flood fears loom

Sylhet, June 1 (UNB): Water levels in Sylhet's Surma and Kushiyara rivers have crossed the danger level due to heavy rainfall over the past three days and onrush of upstream water, triggering fears of flood in the region.According to Water Development Board (WDB) district office, on Sunday morning, the Surma...

New fuel prices show no impact on transport fares

The government has adjusted fuel prices in the country in line with the global trend but its benefit is yet to be reflected in the fare collection of public transport.On Saturday, diesel price was announced to be adjusted by Tk2 per litre, octane and patrol prices by Tk3 per litre...