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Trump tariff threats send aerospace suppliers scrambling to cushion blow

2025-01-25 00:00:00

MONTREAL, Jan 24 (Reuters): Canadian helicopter parts supplier Optima Aero is already moving inventory south of the border to minimize the risk from potential tariffs proposed by US President Donald Trump.Optima, headquartered in Quebec, sends about $2 million worth of...

Gold glitters near record high levels after Trump's comments

2025-01-25 00:00:00

Gold prices rose nearly 1 per cent on Friday, lingering near record high levels scaled in October, steered by US President Donald Trump's calls to lower interest rates and uncertainty surrounding his trade policies, reports Reuters.Spot gold rose 0.9 per...

Oil prices set to end week lower on Trump energy policies

2025-01-25 00:00:00

LONDON, Jan 24 (Reuters): Oil prices edged up on Friday but remained on track for a weekly decline after US President Donald Trump announced sweeping plans to boost US production and demanded that OPEC move to lower crude prices.Brent crude...

Pegasus spyware in Bangladesh's political domain

Serajul I Bhuiyan | 2025-01-25 00:00:00

In times when the threads of technology have irretrievably interwoven themselves into the labyrinth of political games, the revelation of sturdier capabilities of Pegasus spyware has evoked a heated debate on the fragile line between the private and the secure,...

Ambulance service only in name

2025-01-25 00:00:00

The emergency service designed to save the lives of critically ill or injured patients is known as the ambulance service. However, it has been referred to by various other names, such as mobile hospital, grassroots hospital, or even a small...

Improving financial decision making

2025-01-25 00:00:00

Behavioural finance explores how psychological factors influence financial decisions, challenging the assumption of rational decision-making in traditional finance. It emphasises the impact of emotional, biased, and cognitive errors in shaping investor behaviour, often leading to irrational market choices.A key concept...

Responding to nature's call in open should stop

Tanim Asjad | 2025-01-25 00:00:00

If walking is beneficial for health, it is certainly not for walkers opting for the length stretching from Hatirjheel-Modhubagh intersection to the Moghbazar wireless junction in the city of Dhaka. They are sure to confront two major obstacles. The first...

Stability sine qua non for development

Sarker Nazrul Islam | 2025-01-25 00:00:00

In the present context, nothing is more important than a stable socio-political environment for sustainable development of the country. The liberation of the country more than half a century ago unlocked the potential for Bangladesh to become a politically stable...

Making most of task force's suggestions

2025-01-25 00:00:00

When the interim government took power on August 8 last year, the economy was in ruins, thanks to its depredations by the deposed, rapacious autocratic regime. So, reviving the economy was obviously one of the core challenges facing the incumbent...

Ceasefire in Gaza: what next?

Hasnat Abdul Hye | 2025-01-25 00:00:00

For the second time, in the one and a half year long war of attrition unleashed by Israel, a ceasefire has come into effect from January 19, one day before the inauguration of Donald Trump as the president of United...

The role of AI in revolutionising Bangladesh's education system

Melita Mehjabeen | 2025-01-24 12:00:00

Rafiq, a typical 12-year-old boy from a rural village in Bangladesh, starts his day with the familiar way to his school: a small, overcrowded classroom with one teacher managing over 50 students. Despite his eagerness to learn, Rafiq often struggles...

High growth under Hasina was 'fake', Dr Yunus tells Reuters

2025-01-24 00:00:00

DAVOS, Jan 23 (Reuters): The head of Bangladesh's interim government, Nobel laureate Muhammad Yunus, said on Thursday that his country's high growth under ousted Prime Minister Sheikh Hasina was "fake" and faulted the world for not questioning what he said...

Forex falls below $20b under BPM-6 standards

2025-01-24 00:00:00

Bangladesh's foreign exchange reserves have once again dropped below $20 billion, driven by import bills and foreign debt repayments, reports UNB.The foreign exchange crisis in Bangladesh persists, leading to a decline in reserves to $19.93 billion as of January 22,...

Keya Cosmetics to shut factories on May 1

2025-01-24 00:00:00

Keya Cosmetics Limited has announced the permanent closure of its factories due to 'ongoing challenges in the market' from May next.In a media release on Thursday, the company cited market instability, discrepancies in accounts with its bank, shortages of raw...

CAAB takes Bogura Airport renovation initiative

GULAM RABBANI | 2025-01-24 00:00:00

Air connectivity between the northern part of the country and other regions will be improved significantly as the Civil Aviation Authority of Bangladesh (CAAB) has taken an initiative to renovate Bogura Airport to launch commercial flights. It will be the...

Fakhrul's demand for neutral govt hints at another 1/11: Nahid

2025-01-24 00:00:00

Information and Broadcasting Adviser Md Nahid Islam Thursday said BNP Secretary- General Mirza Fakhrul Islam Alamgir's demand for a neutral government actually hints at forming another 1/11 government, reports BSS."The Awami fascism had emerged from the settlement of 1/11 [installation...

Govt fails to maintain neutrality in some cases, says Fakhrul

2025-01-24 00:00:00

BNP Secretary-General Mirza Fakhrul Islam Alamgir has alleged that the interim government is failing to maintain neutrality in certain matters, reports UNB."Yesterday (Wednesday), in an interview, I said if the interim government can't remain impartial, a neutral government will be...

168 BDR personnel released from jails

2025-01-24 00:00:00

A total of 168 Bangladesh Rifles (BDR) personnel walked out of four separate jails in Dhaka and Gazipur districts on bail in the explosive case linked to 2009 BDR carnage."We released 127 BDR members from prisons at Kashimpur, Gazipur and...

Jamuna Bridge to be 4-lane road corridor

MUNIMA SULTANA | 2025-01-24 00:00:00

The country's first road-cum-rail bridge over the Jamuna will revert to its original four-lane road bridge 26 years after its inauguration as train operations through the 4.8-km bridge will end soon.The development comes as the Bangladesh Railway has already completed...

BB plans implementation by 2027

FE REPORT | 2025-01-24 00:00:00

The Bangladesh Bank (BB) has announced plans to implement the Expected Credit Loss (ECL) methodology-based provisioning system for banks by 2027, aligning with the International Financial Reporting Standards (IFRS 9).Currently, the banking sector follows a rules-based loan classification and provisioning...

Prayer Timings (2025-01-24)

2025-01-24 00:00:00

Dhaka seeks China trade-gap reduction, regional connectivity

FE REPORT | 2025-01-24 00:00:00

Dhaka stresses narrowing wide trade gap between China and Bangladesh and fostering regional connectivity to promote equitable growth through economic cooperation.Visiting Bangladesh Foreign Affairs Adviser Md. Touhid Hossain Thursday mooted the proposals, among others, while addressing a seminar as a...

BIPPA for probe, not 'wholesale allegation'

FE REPORT | 2025-01-24 00:00:00

The Bangladesh Independent Power Producers Association (BIPPA) has urged the government to conduct a proper investigation to identify the actual wrong-doers and shun wholesale allegations of plundering funds from the power sector."We don't want to hear wholesale allegations against all...

Lending up 13.69pc, deposit growth 14.35pc

SAJIBUR RAHMAN | 2025-01-24 00:00:00

Agent banking in Bangladesh witnessed significant year-on-year growth in November 2024 in terms of both loan disbursement and deposit collection, despite a decline in the number of agents and outlets.According to the Bangladesh Bank (BB) data, loan disbursement reached Tk...

Danish, Emirati firms eye big investments in Bangladesh ports

2025-01-24 00:00:00

DAVOS, Jan 23 (UNB): The United Arab Emirates-based DP World and Denmark-based A.P. Moller-Maersk on Thursday expressed interest in making big investments in Bangladesh's shipping industry to help the country build new ports along the coast of the Bay of...

Potato price hits three-year low

FE REPORT | 2025-01-24 00:00:00

Prices of onions, potatos and other winter vegetables hit a three-year low last week, bringing great relief for consumers, but woes for farmers.However, the prices of commodities like rice, edible oils, meat and fish were higher at kitchen markets, as...

Economy may turn around

FE DESK | 2025-01-24 00:00:00

Bangladesh economy could make a 'turnaround' if the interim government delivers a quarter of what they are expected to deliver on the economic front this year, says Dr Zahid Hussain, former lead economist at the World Bank's Dhaka office."We'll be...

Tk 2.5b assets of Salman, his associates seized

FE REPORT | 2025-01-24 00:00:00

Assets worth about Tk 2.50 billion belonging to Beximco Group owner Salman F Rahman and individuals and organisations linked to his interests have been seized, in a latest action against the beleaguered tycoon."The action is part of an investigation into...

Chief Adviser Professor Muhammad Yunus speaks

2025-01-24 00:00:00

Chief Adviser Professor Muhammad Yunus speaks at a plenary session titled 'The State of Climate and Nature' at the World Economic Forum Summit in Davos, Switzerland, on Wednesday. — PID

Weather (2025-01-24)

2025-01-24 00:00:00

Weather may remain dry with temporary partly cloudy sky over the country until 6:00 pm today (Friday), according to the Met Office.Moderate to thick fog may occur at places over the country during midnight to morning, and it may continue...