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Internet shutdown puts pre-paid electricity, gas consumers in trouble

2024-07-21 00:00:00

Electricity and gas consumers, who use pre-paid cards, have been facing difficulty recharging their cards, as the country has been experiencing internet shutdown since Thursday night amid the countrywide unrest over quota issue, reports UNB.According to consumers of different areas,...

RAB detains Nur

2024-07-21 00:00:00

Gono Odhikar Parishad President Nurul Hoque Nur was detained by law enforcers from his Rampura residence before dawn on Saturday, according to his party colleagues, reports UNB.Abu Hanif, a central leader of the party, claimed that a team of RAB-3...

BNP leaders Nazrul, Rizvi placed on one-day remand

2024-07-21 00:00:00

A Dhaka court on Saturday placed BNP standing committee member Nazrul Islam Khan and its Senior Joint Secretary General Ruhul Kabir Rizvi on a one-day remand in a violence case filed with Paltan Police Station, reports UNB.Dhaka Metropolitan Magistrate Md...

Killing, repression won't sustain AL's reign: Fakhrul

2024-07-21 00:00:00

Strongly condemning the arrests of opposition leaders and workers, BNP Secretary General Mirza Fakhrul Islam Alamgir on Saturday warned that the government would not be able to survive by resorting to killing and repressive acts, reports UNB.In a statement, he...

Govt to end impasse soon by rationally reforming quota system: FM

2024-07-21 00:00:00

Foreign Minister Hasan Mahmud on Saturday said the government is confident to end the impasse soon by rationally reforming the quota system to the satisfaction of the students within the provisions of the Constitution and the judgment of the Supreme...

Monetary Policy outcomes in H2 FY24

2024-07-21 00:00:00

The primary goals of Bangladesh Bank's (BB) monetary policy are to maintain low and stable inflation, support sustained economic growth, and preserve the financial stability of the Bangladesh economy. The announcement of this semi-annual Monetary Policy Statement (MPS) outlines BB's...

Startups facing formidable challenges

2024-07-21 00:00:00

Investments in Bangladeshi startups fell substantially in the first quarter of 2024, down 70 per cent from the previous quarter and 82 per cent from the same period last year. Only four startups received venture capital funding, marking a considerable...

CRM ushers in a new era in banking sector

2024-07-21 00:00:00

Banks play a pivotal role in keeping the economy running through monetary transactions. Currently, finding individuals not engaged in banking transactions is all but impossible. Bangladesh, being a densely populated country, presents ample opportunities for further growth of the banking...

A quick look at monetary policy

Asjadul Kibria | 2024-07-21 00:00:00

When inflation becomes unbearable or overall price situation becomes unstable, it is the central bank that has to face the biggest challenge to contain the inflation or retain the price stability in the developed countries. Though many developing countries have...

Prolonged unrest will damage economy

2024-07-21 00:00:00

The civil unrest that has gripped the country is now into its second week. The loss of life is a national tragedy. And although the government has called for negotiations with the anti-quota movement leadership, there has been no definitive...

Prolonged unrest may cripple economy

2024-07-20 00:00:00

The ongoing nationwide student movement demanding reforms to the quota system for government jobs has severely impacted retail businesses in Dhaka. Retailers report lower sales due to the reduced turnout of customers, as fear of vandalism has kept many shopkeepers...

No stadium in agricultural land

2024-07-20 00:00:00

A proposed mini stadium is set to be built on agricultural land owned by marginal farmers in Algi Durgapur Uttar Union under Haimchar Upazila of Chandpur District. About 3.19 acres of agricultural land will be occupied. As a result, farmers...

Quota movement proves much too costly

Tanim Asjad | 2024-07-20 00:00:00

It is disappointing and appalling. The death of at least six students and youths following the violent clashes between students and law enforcement agencies is both tragic and shocking. An explosive situation of this order and the subsequent brutal attacks...

Capacity to service external debt

Syed Mansur Hashim | 2024-07-20 00:00:00

The issue of government's foreign borrowings has been a subject of much debate among economists for some time now. One of the leading think tanks in the country, the Centre for Policy Dialogue (CPD) has addressed the issue in a...

Need for a bold, result-oriented monetary policy

2024-07-20 00:00:00

In the monetary policy statement (MPS) for the first half of the ongoing financial year (FY 2024-25) that the central bank, the Bangladesh Bank (BB), made public on July 18 (Thursday), it did not go for any further raise in...

Weather (2024-07-20)

2024-07-20 00:00:00

Light to moderate rain/thunder showers accompanied by temporary gusty wind is likely to occur at a few places over Chattogram and Sylhet divisions in the next 24:00 hours from 06:00 am today (Saturday), according to the Met Office.It also may...

Sadeeq Agro challenges legality of DNCC notification to remove farm

FE REPORT | 2024-07-20 00:00:00

Sadeeq Agro has filed a writ petition with the High Court challenging the legality of the notification issued by the Dhaka North City Corporation (DNCC) to remove its cattle farm. Touhidul Alam Zenith, Proprietor of Sadeeq Agro, filed the petition...

Local industry against govt’s recent move

FE REPORT | 2024-07-20 00:00:00

The local plastic industry has opposed the government's recent move to eliminate single-use plastic for 17 goods all together, according to sources.They have requested the authorities concerned to implement such a decision within 2030 announced by a United Nations environment...

Internet shutdown adds to panicked people’s woes

2024-07-20 00:00:00

General people remained panicked and continued to mostly stay at home on Friday unless in case of emergency amid further deadly clashes in different parts of the capital, reports UNB."I had an appointment with my doctor set for July 17....

ANTI-QUOTA PROTEST : Friday

2024-07-20 00:00:00

(Clockwise, from left-top): The BGB personnel in action at Purana Paltan intersection; the police thrashing a protester in the same area; two law-enforcers looking at a damaged vehicle, set on fire during the Thursday’s attack on BTV Centre at Rampura;...

A policeman aims his gun at the protesters

2024-07-20 00:00:00

A policeman aims his gun at the protesters at Purana Paltan in the capital on Friday. — FE Photo

CPB staged a demonstration at Purana Paltan

2024-07-20 00:00:00

Dhaka city unit of Communist Party of Bangladesh (CPB) staged a demonstration at Purana Paltan in the capital on Friday, protesting killings, terrorism and repression. — FE Photo

Police pick up Rizvi

FE REPORT | 2024-07-20 00:00:00

Bangladesh Nationalist Party (BNP) Joint Secretary General Ruhul Kabir Rizvi was picked up by police from the Jatiya Press Club on Friday. A police team entered into the Jatiya Press Club and whisked him away at around 11:30 am. Earlier,...

Protesters clash with BCL, police in Ctg: many hurt

OUR CORRESPONDENT | 2024-07-20 00:00:00

CHATTOGRAM, JULY 19: A tense situation prevailed in the port-city on Friday following agitated students' continued movement for quota reform in the government jobs and their sporadic clashes with police and Bangladesh Chhatra League (BCL) cadres.The students held 'gayebana janaza'...

Egypt's Suez Canal income falls amid Yemen Huthi attacks

2024-07-20 00:00:00

CAIRO, July 19 (AFP): Egypt's Suez Canal on Thursday reported a 23.4-per cent drop in revenues attributed to disruptions in Red Sea shipping over the past year, marked by attacks from Yemen's Huthi rebels on Israeli-linked vessels.The canal is a...

UK will 'never' quit European rights convention, Starmer says

2024-07-20 00:00:00

WOODSTOCK, United Kingdom, July 19 (AFP): UK leader Keir Starmer pledged Thursday that his new Labour government would "never" leave the European Convention on Human Rights, adding that he would approach the issue of irregular migration "with humanity".Starmer's Conservative predecessor...

Brexit preparations hit UK's pandemic planning: inquiry report

2024-07-20 00:00:00

LONDON, July 19 (AFP): Preparations for a possible no-deal Brexit contributed to the UK's lack of readiness for a global pandemic, a public inquiry into the government's handling of Covid-19 concluded on Thursday.Retired senior judge Heather Hallett, who chairs the...

Southern Gaza hospitals at 'breaking point': Red Cross

2024-07-20 00:00:00

GENEVA, July 19 (AFP): All health facilities in southern Gaza have been pushed to "breaking point" due to an influx of people wounded by Israeli bombardments and doctors could soon be forced to make "difficult choices" on who gets treated,...

N Korea launching more trash balloons: Seoul

2024-07-20 00:00:00

SEOUL, July 19 (AFP): North Korea is launching more balloons believed to be carrying trash towards the South, Seoul's military said Thursday, in the latest round of a tit-for-tat balloon war between the two Koreas.Seoul's Joint Chiefs of Staff said...

Teens for Trump? Republicans eye gains among US youth

2024-07-20 00:00:00

MILWAUKEE, July 19 (AFP): Caden Schaefer-Rose will only just be 18 by the time of November's US election, but he is determined to cast his very first presidential vote-for Donald Trump.The high school student is among a growing number of...