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MF unitholders need to brace themselves for no return for FY24

MOHAMMAD MUFAZZAL | 2024-06-02 00:00:00

Mutual Funds (MFs) will hardly be able to recommend any dividend for FY24 as they have failed to gain any profit in the year up until now out of the gloomy market. To minimise investment risks, fund managers tend to...

Language is also part of etiquette

2024-06-02 00:00:00

Various universities, foundations, and organisations provide guidelines on the standards of diplomatic language and etiquette. For example, California State University, Pace University (New York), Azerbaijan University, and the Diplo-Foundation have all clarified this issue. Those who have written about diplomatic...

Prescribing medicines by generic name

2024-06-02 00:00:00

Writing the generic name of drugs in prescriptions has been customary in many developed countries for a long time. In India, it is compulsory for physicians to prescribe medicines by generic names rather than by brand names. However, no legal...

Let the Gulshan Lake survive

Atiqul Kabir Tuhin | 2024-06-02 00:00:00

The once majestic Gulshan-Baridhara Lake, sprawling over the diplomatic VIP area of Dhaka, has already lost its distinctive postcard attractiveness and is slowly but steadily decaying due to a two-pronged attack of pollution and encroachment. Over two decades ago, in...

When growth is low, inflation high

Asjadul Kibria | 2024-06-02 00:00:00

When inflation overtakes growth, an economy generally comes under severe pressure. If unemployment also starts to rise, the economy moves toward stagflation. Theoretically, stagflation is the simultaneous appearance of slow growth, high unemployment, and increasing prices. Every country wants to...

Addressing deteriorating business climate issues

2024-06-02 00:00:00

The results of the latest survey jointly carried out by the Metropolitan Chamber of Commerce and Industry (MCCI), Dhaka, and the Policy Exchange Bangladesh (PEB) on the country's prevailing business climate are disconcerting. Business Climate, according to the survey, in...

Inflation dynamics in Bangladesh

Sayera Younus, Nurun Nahar Sultana, Md Abdul Karim, and Ripon Roy | 2024-06-02 00:00:00

Bangladesh Bank prioritises maintaining price stability as its primary goal. It is crucial for the development of monetary policy to observe and comprehend the root causes of fluctuations in consumer prices and wage levels. Bangladesh Bureau of Statistics (BBS) publishes...

Which one to pursue, and how

ANINDETA CHOWDHURY | 2024-06-02 00:00:00

While growing up, almost all of us have written an ‘aim in my life’ essay. If not that, then the burning question of ‘what do you want to become in future?’ could not be escaped at all. Till we have...

Are university degrees overrated?

TAHSEEN NOWER PRACHI | 2024-06-02 00:00:00

‘Career’ is a word that just sounds fancy to youngstars and a word that scares the freshly ‘out in the market’ youth. Today, the word holds more freight and anxious anticipation than ever for the vast and ever-evolving landscape in...

What one needs to get into a top university

KHALID SAIFULLAH KHAN | 2024-06-02 00:00:00

Nowadays, studying abroad has become a popular choice for various reasons, be it the desire to thrive in a more competitive environment, be it succeeding in life with all the possible opportunities, or be it simply for a modern, tech-savvy,...

Smartphone addiction causes children's mental retardation

2024-06-01 12:00:00

Joharin is the two-year old daughter of Reza and Khadija. She just loves to watch cartoons on smartphone. Whenever the baby cries, her parents immediately hand over their smartphone to her and it works like magic. Joharin stops crying as...

Hasan reaffirms BD's commitment for UN peacekeeping

2024-06-01 12:00:00

Foreign Minister Dr Hasan Mahmud has reaffirmed Bangladesh's steadfast support for UN peacekeeping missions in the coming days, reports BSS.He expressed this view while attending a joint reception by Bangladesh and Austria at the United Nations headquarters in New York...

Janata Bank focuses on loan recovery, not lending

FE REPORT | 2024-06-01 12:00:00

Some banks, including Janata, have lost their capability to disburse fresh loans as laid-out loans are not coming back to the lenders, according to Janata Bank chairman Prof Dr SM Mahfuzur Rahman.Instead of disbursing any fresh loan, they would rather...

Demographic dividends going to waste

Syed Mansur Hashim | 2024-06-01 12:00:00

For years, policymakers have touted the youthful population of Bangladesh as a lucrative bait for attracting foreign direct investment (FDI). That would certainly have worked had Bangladesh done something other than use that data as a slogan. For decades, economists...

Palestinians check the site of an Israeli strike

2024-06-01 00:00:00

Palestinians check the site of an Israeli strike on a vehicle in the central Gaza Strip on Friday, amid continuing battles between Israel and the Hamas. — AFP

Indian court urges emergency declaration

2024-06-01 00:00:00

NEW DELHI, May 31 (Agencies): An Indian court has urged the government to declare a national emergency over the country's ongoing heat-wave, saying that hundreds of people had died during weeks of extreme weather.India is enduring a crushing heat-wave with...

Three accused remanded afresh

2024-06-01 00:00:00

A Dhaka court on Friday placed three persons, accused in a case lodged over the murder of AL lawmaker of Jenaidah-4 Anwarul Azim Anar, on a five-day fresh remand.The three accused are Tanvir Bhuiyan, Shimul Bhuiyan and Silisti Rahman, reports...

Govt raises fuel prices to adjust with int'l market

2024-06-01 00:00:00

The government has increased the prices of diesel, kerosene, petrol and octane adjusting the prices with the global market, reports BSS.The government increased the fuel prices due to devaluation of Taka against US dollar and the new prices will come...

Resumption of spl train on Ctg-Cox’s Bazar route before Eid

OUR CORRESPONDENT | 2024-06-01 00:00:00

CHATTOGRAM, May 31: Special train service on the Chattogram-Cox's Bazar route will resume operation before Eid-ul-Azha.Presently, the service on the route remains stopped for a shortage of engines.Saiful Islam, Chattogram divisional manager of the Bangladesh Railway (BR), made the disclosure...

Another spot LNG cargo for June, tender floated

FE REPORT | 2024-06-01 00:00:00

The government will buy one more LNG (liquefied natural gas) cargo from the international spot market for June delivery, according to a senior Petrobangla official.The Rupantarita Prakritik Gas Company Ltd (RPGCL) floated a tender on May 28 to purchase the...

500,000 people marooned as floodwater inundates Sylhet

2024-06-01 00:00:00

The flood situation in Sylhet, triggered by incessant rain and the onrush of water from upstream, has improved slightly but 533,000 people in seven Upazilas are still marooned by floodwater, according to the district administration, reports bdnews24.com."We are keeping an...

Commodity prices up on Remal fallout

FE REPORT | 2024-06-01 00:00:00

Prices of potato, vegetables, egg, onion and some other commodities surged in the past week, subsequent to the havoc wreaked by Cyclone Remal that hit Bangladesh on May 26 and 27.The agriculture ministry's initial report indicates that nearly 0.18 million...

Briefing 2024-06-01

2024-06-01 00:00:00

Prayer Timings (2024-06-01)

2024-06-01 00:00:00

Extreme Asian heat spurs LNG demand

2024-06-01 00:00:00

SINGAPORE, May 31 (Reuters): Extreme temperatures across Asia are driving up liquefied natural gas (LNG) demand in the region as importers seek cargoes ahead of summer, with imports in South Asia hitting records.This could tighten available supply and further lift...

Now govt seeks $800m from Japan

FHM HUMAYAN KABIR | 2024-06-01 00:00:00

A sum of US$800 million is now sought by the government from Japan as budget-support credit to finance shortfall in the current fiscal, officials say, in a last-minute quest. Apart from the already-taken IMF loan, the government has also approached...

Malaysia closes manpower mkt

ARAFAT ARA | 2024-06-01 00:00:00

Thousands of Bangladeshi jobseekers are left in the queue as Malaysia closed its manpower market under a May-31 timeline for an embargo on foreign recruits, sources said. The host country stopped hiring foreign workers from today (Saturday) with the ultimatum...

India now wants to run Mongla port

SYFUL ISLAM | 2024-06-01 00:00:00

Neighbouring India now wants to operate Bangladesh's second-seaport Mongla where it already enjoys transhipment facility to transport cargoes to and from its landlocked north-eastern states, sources said.The proposal is being seen as part of their expanding footprint in strategically important...

Weather (2024-06-01)

2024-06-01 00:00:00

Light to moderate rain/thunder showers accompanied by temporary gusty/squally wind is likely to occur at many places over Dhaka, Mymensingh, Chattogram, Sylhet, Rangpur and Barishal divisions in the next 24 hours from 06:00 am today (Saturday), according to the Met...

Cyclone Remal impacts

2024-06-01 00:00:00

15 more deer carcassesrecovered from SundarbansBAGERHAT, May 31 (UNB): Members of the Forest Department recovered 15 more carcasses of deer from different areas of Sundarbans on Friday.With this, 111 dead deer were recovered from the Sundarbans in four days, said...