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Jahangir Alam Chowdhury visited Central Police Hospital

2024-08-20 00:00:00

Home Affairs Adviser Lieutenant General (retd) Jahangir Alam Chowdhury visited the Central Police Hospital in the capital on Monday to see the police personnel, injured in clashes during the recent movement. — PID

EU to help BD to bring back laundered money

FE REPORT | 2024-08-20 00:00:00

Bangladesh Nationalist Party (BNP) has said the European Union (EU) would cooperate in bringing back the money, siphoned off abroad from the country during the Awami League (AL) regime.BNP Standing Committee Member Amir Khasru Mahmud Chowdhury said this to media...

LG Division issues directive on absent of UP Chairmen

2024-08-20 00:00:00

In light of the continued absence of numerous Union Parishad chairman across the country, the Local Government Division has issued a directive allowing Deputy Commissioners (DCs) to delegate financial and administrative powers to the respective Union Parishad's Panel Chairman to...

Traffic chaos grips Dhaka

2024-08-20 00:00:00

Several key points in Dhaka, including Farmgate, Bijoy Sarani, Karwan Bazar, Bangla-motor, Siddheshwari, and Motijheel, experienced severe traffic congestion on Monday, as protests and the reopening of educational institutions brought the city to a standstill, reports UNB.Protesters have taken to...

Abandoned Land Cruiser traced to ex-home minister

2024-08-20 00:00:00

An SUV valued at approximately Tk 20 million was found abandoned in front of Baitul Aman Mosque in Dhanmondi, Dhaka, on Sunday morning, sparking widespread curiosity, reports UNB. The vehicle, a Land Cruiser with the license plate Dhaka Metro-Gha 21-8456,...

Miscreants attack media offices in Bashundhara

2024-08-20 00:00:00

Some unidentified miscreants attacked East West Media Group office in Dhaka's Bashundhara Residential Area on Monday afternoon, reports UNB.Around 2 pm, a group of people with hockey sticks forced open the main gate, entered the office and carried out vandalism,...

Chattogram port upholds same 67th slot on Lloyd's

NAZIMUDDIN SHYAMOL | 2024-08-20 00:00:00

CHATTOGRAM, Aug 19: Chittagong port has upheld the position of the 67th busiest container port among 100 top ports globally this year, according to the latest Lloyd's List.Last year too, the country's prime seaport occupied the same slot in the...

Form taskforce to streamline customs services

FE REPORT | 2024-08-20 00:00:00

Local apparel exporters have urged the revenue board to form a taskforce to streamline customs services to sustain the industry's competitiveness amid plummeting garment demand and prices and escalating production costs."Customs procedures must be made easier, faster and free from...

Village police members block a road outside the Secretariat in Dhaka

2024-08-20 00:00:00

Village police members block a road outside the Secretariat in Dhaka on Monday, demanding a national pay scale, food rations and to be placed under the home ministry. The protest is one of several ongoing demonstrations to hit the capital...

Dipu Moni arrested

FE REPORT | 2024-08-20 00:00:00

Police arrested former Social Welfare minister of the Awami League government, Dr Dipu Moni, from Baridhara area in the capital, Dhaka. She was arrested in a case filed in Chandpur, a detective branch (DB) official preferring anonymity told the FE.She...

Summit pays Tk 100m to BTRC

ISMAIL HOSSAIN | 2024-08-20 00:00:00

Summit Communica-tions has paid Tk 100 million to the telecoms regulator BTRC as share-transfer fee following the change of government.The previous authorities were planning to waive these fees and charges of share transfer and equity to Summit, according to BTRC...

Sheikh Hasina, Inu, Menon among others sued

FE REPORT | 2024-08-20 00:00:00

Three more cases were filed on Monday against Sheikh Hasina, her cabinet members and police high-ups for committing crimes against humanity, mass killing and murder.A petition has been filed with the International Crimes Tribunal against Hasina and 26 others for...

E-com firms reluctant to obtain digital ID

REZAUL KARIM | 2024-08-20 00:00:00

Local e-commerce companies are reluctant to obtain digital business identification (DBID) because of technical and rules-related complexities, sources said.Only 2.0 per cent of e-commerce platforms under the e-Commerce Association of Bangladesh (e-CAB) have applied for DBID. Of the number, about...

Bangladesh seeks budget support loan from Japan

FE REPORT | 2024-08-20 00:00:00

The government has sought a budget support loan from Japan to stabilise the country's macroeconomy, which has been under severe pressure for quite a long time.Finance and Commerce Adviser Dr Salehuddin Ahmed made the appeal during a meeting with Japanese...

Briefing 2024-08-20

2024-08-20 00:00:00

Prayer Timings (2024-08-20)

2024-08-20 00:00:00

8 sr executives of Islami Bank ousted

FE REPORT | 2024-08-20 00:00:00

Islami Bank Bangladesh PLC has dismissed eight senior officials amid employee protests alleging corruption and banking irregularities. The officials, reportedly close to the controversial S Alam Group, include one Additional Managing Director (AMD) and five Deputy Managing Directors (DMDs). The...

All city mayors, 876 public reps removed

2024-08-20 00:00:00

The Local Government Division has announced the removal of city corporation mayors, including Dhaka South City Corporation (DSCC) Mayor Sheikh Fazle Noor Taposh and Dhaka North City Corporation (DNCC) Mayor Atiqul Islam, from their posts, reports UNB.In addition to this...

NBR unfreezes Begum Zia's bank accounts

DOULOT AKTER MALA | 2024-08-20 00:00:00

The National Board of Revenue (NBR) has ordered the unfreezing of Khaleda Zia's bank accounts after 17 years on Monday, following directives from its newly appointed chairman after discussions with the Chief Adviser.Official sources stated that the Central Intelligence Cell...

Lending by six banks under S Alam Group restricted

FE REPORT | 2024-08-20 00:00:00

Lending by six banks linked to the controversial Chattogram-based S Alam Group is restricted by regulatory order amid allegations of the conglomerate's financial irregularities.The banks -- also facing LC conditionalities -- are Islami Bank Bangladesh, First Security Islami Bank, Social...

15th Amendment abolishing caretaker govt challenged

FE REPORT | 2024-08-20 00:00:00

Now the High Court questions the legality of the fifteenth constitutional amendment that scrapped the caretaker-government system and set off prolonged political tangles lasting until an unceremonious regime change. An HC bench Sunday issued a rule asking relevant bodies of...

Fund-sapping motivated megaprojects may be axed

FE REPORT | 2024-08-20 00:00:00

Ongoing large and megaprojects will be reviewed and less-priority and "politically motivated" ones scrapped, says Planning and Education Adviser Prof Wahiduddin Mahmud of the interim government. "There are irregularities in taking up projects as some are undertaken by the influence...

US regional bank deals rise as lenders aim to bolster balance sheets

2024-08-20 00:00:00

Regional lenders at the heart of last year's banking crisis are cutting more deals to shore up their balance sheets and compete with rivals, extending a wave of consolidation in the sector that may attract anti-trust scrutiny, reports Reuters.The banks,...

US stock index futures pause after last week's rally

2024-08-20 00:00:00

US stock index futures were little changed on Monday after Wall Street notched up its best week of the year, while investors looked ahead to Federal Reserve Chair Jerome Powell's speech at Jackson Hole for rate-cut indications, reports Reuters.All three...

Saudi Arabia's US Treasury bond holdings rise to $140.3bn in June

2024-08-20 00:00:00

RIYADH, Aug 19 (Arab News): Saudi Arabia's holdings of US Treasury bonds increased to $140.3 billion in June, reflecting a 26.73 percent year-on-year rise. Data from the US Treasury Department showed the Kingdom maintained its position as the 17th largest...

World shares underpinned, dollar undermined by dovish Fed wagers

2024-08-20 00:00:00

LONDON, Aug 19 (Reuters): Wall Street looked to a flat open as the dollar tipped lower on Monday off the back of last week's surging stock markets as expectations the US economy would dodge a recession and cooling inflation would...

Funds go long yen for first time in four years

2024-08-20 00:00:00

ORLANDO, Florida, Aug 18 (Reuters): By one measure, the speculative Japanese yen-funded carry trade has been completely unwound.The latest Commodity Futures Trading Commission data show that hedge funds and speculators have flipped their long-standing short yen position and are now...

India central bank releases framework for financial market self-regulatory organisations

2024-08-20 00:00:00

MUMBAI, Aug 19 (Reuters): The Reserve Bank of India on Monday issued a framework for recognition of self-regulatory organisations in the financial markets space to help strengthen compliance culture and provide a consultative platform for policy making.The proposed self-regulatory organisations...

Canadian retail giant makes £29.7b bid for 7-Eleven

2024-08-20 00:00:00

Ottawa, Aug 19 (BBC): A Canadian convenience store giant has made a surprise £29.7bn bid for its Japanese rival 7-Eleven in what could be the country's biggest-ever foreign takeover.Circle K owner Alimentation Couche-Tard's (ACT) made the approach for the chain...

Goldman Sachs lowers odds of US recession to 20pc from 25pc

2024-08-20 00:00:00

NEW YORK, Aug 19 (Reuters): Goldman Sachs has lowered the odds of the United States slipping into a recession in the next 12 months to 20 per cent from 25 per cent following the latest weekly jobless claims and retail...