Separate ownership from management for long-term sustainability
Experts have suggested separating ownership from management in family businesses to ensure long-term sustainability, saying that professional executives should run operations under ethical guidelines set by the owners.They have also emphasised that strong governance frameworks can guide executive decision-making and foster a sense of ownership when company boards duly recognise...
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Live piloting of ETC for Padma Bridge to begin September 15
The much-anticipated live piloting of an electronic toll-collection (ETC) system for the Padma Bridge will begin on September 15, in a move towards technology-driven toll management in Bangladesh.Vehicle registration for availing the service opened on September 1. Mohammad Abdur Rouf, executive director of the Bangladesh Bridge Authority (BBA) and secretary...
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Banks prefer to park excess liquidity in bonds as pvt credit demand lowers
The yield on two-year Bangladesh Government Treasury Bonds (BGTBs) dropped further on Tuesday as banks expressed willingness to invest their excess liquidity in the risk-free securities. The cut off yield, generally known as interest rate, on the BGTBs came down to 10.17 per cent on the day from 10.24 per...
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Export earnings slip 2.93pc in August
Bangladesh's merchandise exports fell 2.93 per cent year on year (YoY) to US$3.91 billion in August 2025, down from $4.03 billion in August last year, signalling early signs of strain, according to data released Tuesday by the Export Promotion Bureau (EPB).The monthly decline came despite a strong start to the...
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A year on, committees yet to submit reports
Nearly a year after they were formed, two committees -- set up to investigate irregularities in power-plant deals and renegotiate what critics describe as "exorbitant" tariff rates -- have still not submitted their reports to the government.Neither committee has provided a clear timeframe for completing its work, officials familiar with...
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MoF urged to convert BPC's Tk 274.20b arrear debts into subsidy
Energy and Mineral Resources Division (EMRD) has urged the government to convert Bangladesh Petroleum Corporation's (BPC) Tk 274.20 billion worth of outstanding debt into subsidies.The state-run BPC owes such accumulated debt to the government on account of its losses because of selling petroleum products at lower- than-procurement prices.The EMRD in...
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Afghanistan quake toll rises to more than 1,400: govt spokesman
KABUL, Sept 2, 2025 (AFP): The death toll from an earthquake in eastern Afghanistan has shot up to more than 1,400, a government spokesman said Tuesday.The Taliban government spokesman Zabihullah Mujahid said 1,411 people were killed in Kunar province, the hardest hit by the magnitude 6.0 earthquake, and 3,124 were...
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Engine detaches, leaving 19 passenger coaches behind!
A major accident was averted at Potiya in Chattogram on Monday night when the engine of Dhaka-bound Tourist Express train detached, leaving 19 compartments stranded at Komolmunshir Hat station, reports UNB.The incident occurred at around 09:30 pm, leaving nearly 900 passengers trapped inside the stationary coaches for over an hour,...
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Government hospitals are now overwhelmed with dengue patients
Government hospitals are now overwhelmed with dengue patients, as infections continue to rise. In the photo taken at Mugda Medical College and Hospital on Tuesday, patients receive treatment under mosquito nets. — FE Photo
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Financing hurdles threaten renewable energy growth
Bangladesh's renewable energy sector faces a host of challenges-from land scarcity, access to finance, and high upfront investment costs to inadequate data, poor documentation, and gaps in information sharing, speakers said.The industry also struggles with high import duties and VAT on raw materials, absence of dedicated zones for sectoral growth,...
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Landslide flattens Sudan village, kills more than 1,000
KHARTOUM, Sept 2 (AFP) : A massive landslide in Sudan's western Darfur region has flattened an entire mountain village and killed more than 1,000 people, a rebel group said, leaving only one survivor.The disaster struck Sunday after days of heavy rain, devastating the village of Tarasin in the Jebel Marra...
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