In Bangladesh, price hikes are often blamed on external factors, but the real culprit may lie closer to home: the syndicate system. This monopolistic structure controls the market, unfairly benefiting intermediaries while leaving farmers and consumers to suffer.Syndicates create artificial...
Shiabur Rahman | 2025-01-31 00:00:00
The world is fast getting urbanised for an array of benefits - better job opportunities, increased income and better access to education and healthcare, to name but a few. Several small developed and high-income nations like Kuwait, Singapore and Monaco...
Nilratan Halder | 2025-01-31 00:00:00
The seven colleges earlier affiliated with the University of Dhaka rather thoughtlessly have got what they wanted---cancellation of affiliation. Dhaka University (DU) is unlikely to be unhappy with the parting of ways. In fact, it was made to swallow a...
The findings of the latest economic census present a disconcerting picture of the country's industrial landscape---a significant decline in manufacturing over the recent years. While non-agricultural business establishments have expanded substantially, the overall economic trajectory appears to be deviating from...
Helal Uddin Ahmed | 2025-01-31 00:00:00
"She cannot leave us. She will remain forever. She is immortal," Tariqul Alam uttered these words repeatedly when she expired. He believed that his wife - singer and classical musician Ava Alam - could never die. One of the greatest...
Fahmida Khatun, Mustafizur Rahman, Khondaker Golam Moazzem, Muntaseer Kamal and Syed Yusuf Saadat | 2025-01-31 00:00:00
The economy of Bangladesh has been facing considerable challenges over the last couple of years which have weakened the macroeconomic stability. Despite claims of economic growth by the fallen regime under the previous autocratic government, the economic situation continued to...
A ship carrying 22,000 tonnes of atap rice, imported from Myanmar, has anchored at the Chittagong Port. The rice consignment, imported on a government-to-government (G2G) basis, is the second shipment of its kind under the current interim government, said the...
FE REPORT | 2025-01-30 12:00:00
Revamped Social Islami Bank PLC prepares to sue S Alam Group in the Money Loan Court within February to realise loans worth nearly Tk 70 billion from the embroiled conglomerate.Nazmus Saadat, acting Managing Director (MD) of the Shariah-based bank, disclosed...
At a time American President Donald Trump suspends nearly all the US global funding including the project aid in Bangladesh, the eagerness shown by the EU to sign a Comprehensive Partnership and Cooperation Agreement (CPCA) with its small South Asian...
Bangladesh Jewelers Association (BAJUS) has announced a third price hike for gold this month. This time, price has increased by Tk 1,365 per bhori, reports UNB.The new price of 22-carat gold will be Tk 142,791 per bhori. It was Tk...
FE REPORT | 2025-01-30 00:00:00
The Dhaka Boat Club Limited authorities have been asked to vacate 10 acres of land in Savar within a week, which is allegedly occupied by it illegally.Issuing a directive on Tuesday, the Bangladesh Water Development Board (BWDB) also warned the...
FE REPORT | 2025-01-30 00:00:00
Environment, Forest, Climate Change Adviser Syeda Rizwana Hasan on Wednesday said that foreign sources account for 30-35 per cent of the country's air pollution while 28 per cent comes from power plants. Curing air pollution is a time-consuming process dependent...
Farmers stage a demonstration by scattering tomatoes on a road in Sadar Upazila, Natore on Wednesday, as they are not getting fair price for their crops. They also demanded the withdrawal of increased VAT and tariffs.
The interim government on Wednesday said Bangladesh Awami League would not be allowed to hold any protest programmes until its leadership is brought to justice and held accountable, reports UNB."Many, including Awami League's top leadership, are involved in entire July...
Fortune Barishal became the second team after Rangpur Riders to secure a spot in the Bangladesh Premier League 2024 qualifiers, report agencies.They beat Dhaka Capitals by nine wickets in just 6.3 overs on Wednesday.Barishal has been in exceptional form, winning...
Home Ministry has cancelled passports of nine individuals, including Prof Shibli Rubayat-Ul-Islam, former chairman of the Bangladesh Securities and Exchange Commission (BSEC), and former commissioner Sheikh Shamsuddin, reports UNB.The other seven whose passports have been cancelled are: former BSEC executive...
FE REPORT | 2025-01-30 00:00:00
Bangladesh's economic activities at the household level swelled tremendously over the last one decade, showing an increasing trend of entrepreneurship among rural people, the 2024 Economic Census report unveiled by the Bangladesh Bureau of Statistics (BBS) on Wednesday said. It...
BNP Acting Chairman Tarique Rahman has urged the party leaders and workers to take revenge against the Awami League, which has repressed them in many ways over the last 16 years, by implementing the party's 31-point reform outline."I personally believe...
Foreign Affairs Adviser Md Touhid Hossain on Wednesday alleged that money was stolen from banks during the previous Awami League governments with encouragement from high-level leadership."The theft of money from our banks was not accidental. It was enabled by support...
FE REPORT | 2025-01-30 00:00:00
Leather goods and footwear manufacturers and exporters have requested the government to clear the outstanding cash incentives.Leather goods and Footwear Manufacturers and Exporters Association of Bangladesh (LFMEAB) President Syed Nasim Manzur recently wrote to the Finance Division to take steps...
JUBAIR HASAN | 2025-01-30 00:00:00
The cut-off yield of Bangladesh Government Treasury Bonds (BGTBs), particularly of 15-year and 20-year-tenure ones, has dropped below 12 per cent, shrinking commercial banks' earning opportunities from investing in risk-free government securities.This drop in 15-year and 20-year treasury bonds comes...
FE REPORT | 2025-01-30 00:00:00
Countrywide train operations resumed early Wednesday morning after more than 30 hours of suspension, as the striking staff of Bangladesh Railway (BR) finally joined work following a successful late-night meeting with the railway adviser.After getting Railway Adviser Muhammad Fouzul Kabir...
FE REPORT | 2025-01-30 00:00:00
Chief Adviser of the post-uprising government Prof Muhammad Yunus has said Bangladesh's media are now enjoying unprecedented freedom, but the social media are awash with misinformation and disinformation.He made the observations during discussion when a delegation from the Open Society...
FE REPORT | 2025-01-30 00:00:00
Interim government's inability to curb vices like extortion, hoarding and price manipulation of essentials results in persistent inflation, says a CPD review report on the state of economy and banking. The policy think-tank thinks without bold and urgent measures to...
Weather may remain dry with partly cloudy sky over the country in the next 24 hours from 06:00 am today (Thursday). Light to moderate fog may occur at places during late night to morning. The highest temperature on Wednesday was...
Business Editor of The Daily Observer Nizam Uddin Ahmed died while undergoing treatment at a city hospital early Wednesday. He was 71, reports UNB. He breathed his last at 4:30am while receiving treatment.The veteran journalist and also a freedom fighter...
A H M Shamsur Rahman, the new Controller General Defence Finance (CGDF), being greeted with a bouquet while taking charge of the office in Dhaka Cantonment recently. - ISPR
FE REPORT | 2025-01-30 00:00:00
Police arrested an 18-year-old with a 'pistol' on Wednesday after the teenager threatened two individuals with it and made an attempt to escape. The incident occurred around 2:30 pm in the capital's Panthapath.Assistant Commissioner (AC) (traffic) of the Dhanmondi Zone...
FE REPORT | 2025-01-30 00:00:00
A Dhaka court on Wednesday sentenced Evaly Chief Executive Officer Mohammad Rassel and his wife Shamima Nasrin to two years' imprisonment for embezzling Tk 1.41 million from a customer.Judge of Dhaka Metropolitan Magistrate Court Partha Bhadra delivered the verdict in...
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