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Amid belt-tightening, experts for more budgetary spending on agriculture

FE REPORT | 2024-05-24 00:00:00

Experts at a seminar on Thursday emphasised the critical need to prioritise budget allocation for the agriculture sector, especially during this ongoing austerity, to boost food-crop production.The seminar, titled 'The Political Economy of Agrarian Future of Bangladesh', organised by the...

Low over Bay likely to intensify into depression

2024-05-24 00:00:00

The low-pressure system over the Bay of Bengal has intensified into a well-marked low and may gather more strength to transform into a depression, reports bdnews24.com.The system moved slightly northeastwards and was lying over west-central Bay and adjoining Southwest Bay,...

LNG re-gasification reaches capacity level

M AZIZUR RAHMAN | 2024-05-24 00:00:00

Bangladesh has augmented re-gasification of liquefied natural gas (LNG) to its full capacity recently to meet mounting demand for the fuel in the power plants amid ongoing heat waves. The re-gasification of the imported energy reached its highest-ever level at...

Briefing 2024-05-24

2024-05-24 00:00:00

Prayer Timings (2024-05-24)

2024-05-24 00:00:00

Seize Benazir's assets: Court

FE REPORT | 2024-05-24 00:00:00

A Dhaka court on Thursday ordered the government authorities concerned to seize assets involving 83 deeds of former Inspector General of Police (IGP) Benazir Ahmed.It also asked them to freeze a total of 33 accounts in different banks.Metropolitan Sessions Judge...

Banking sector stays adrift amid governance deficiencies

FE REPORT | 2024-05-24 00:00:00

Banking sector drifts like a ship sans radar amid governance deficiencies as the central bank cannot exercise its autonomy, experts said Thursday and pinpointed a lack of accountability and transparency in operations. At a CPD meet held here to reveal...

Israel launches deadly Gaza strikes

2024-05-24 00:00:00

Palestinian Territories, May 23 (AFP): Israel launched devastating air strikes on Gaza early Thursday while also saying it is ready to resume stalled talks on a truce and hostage release deal with Hamas to pause the war raging since October...

Planned in Dhaka 3 months ago, executed in Kolkata for Tk 50m

FE REPORT | 2024-05-24 00:00:00

Police believe the murder of Jhenidah MP Anwarul Azim Anar was planned two to three months ago. According to them, the crime was plotted during several meetings held at two residences in Dhaka's Gulshan and Bashundhara areas.Dhaka Metropolitan Police's Detective...

NPLs triple to Tk 1.45tn in ten years, create cash crunch

FE REPORT | 2024-05-24 00:00:00

In ten years' time till last December, the volume of non-performing loans or NPLs more than tripled to Tk1.45 trillion in Bangladesh and exacerbated the cash crunch in banks. If another chunk of banks' liquid asset stuck up as rescheduled...

Weather (2024-05-24)

2024-05-24 00:00:00

Rain/Thunder showers accompanied by temporary gusty/squally wind is likely to occur at one or two places over Chattogram and Sylhet divisions in the next 24 hours from 06.00 am today (Friday), according to the Met Office. Mild heat wave may...

News in Brief-2024-05-24

2024-05-24 00:00:00

Rohingya teenager dies from clash injuriesA Rohingya teenager has died from injuries suffered in a clash between two armed groups fighting in a 'power struggle' at a refugee camp in Cox's Bazar's Ukhiya. He died on Wednesday while under hospital...

Two Chinese nationals held with gold bars at HSIA

FE REPORT | 2024-05-24 00:00:00

Officials of the Customs Intelligence and Investigation Department (CIID) on Thursday seized 46 gold bars worth around Tk 50.15 million, and arrested two Chinese nationals at the Hazrat Shahjalal International Airport (HSIA) in Dhaka. The gold was hidden inside the...

41st death anniv of Barrister Salehuddin today

2024-05-24 00:00:00

The 41st death anniversary of Bengali Language Movement veteran and freedom fighter Barrister Syed Kamrul Islam Mohammed Salehuddin will be observed today (Friday), says a statement. Barrister Salehuddin was born in Kashiani upazila of Gopalgonj district. In 1963, he went...

'Conversation with an Editor of SSCI Journals'

2024-05-24 00:00:00

North South University (NSU) Economics Department in association with NSU Young Economists' Forum (YEF) hosted a research workshop on 'Conversation with an Editor of SSCI Journals' on its campus in the city recently. Professor Niaz Asadullah, a visiting professor of...

Railway aims to modernise signal system to prevent accidents

2024-05-24 00:00:00

Bangladesh Railway (BR) has initiated a comprehensive modernisation of its signal system, with the aim to transition entirely to broad gauge tracks by 2050. This initiative is expected to eliminate collisions and enhance overall safety, reports UNB.In an exclusive interview...

Prof Dr Saiful Islam joins AIUB as VC

2024-05-24 00:00:00

Prof Dr Saiful Islam joined American International University-Bangladesh (AIUB) as its new vice-chancellor on Thursday, after being appointed by the President of Bangladesh, says a statement.Dr Saiful Islam was the vice-chancellor of Dhaka International University (DIU) from February 2022 to...

25pc DSCC area to be brought under afforestation: Taposh

2024-05-24 00:00:00

More than 25 per cent area of DSCC will be brought under afforestation, said Dhaka South City Corporation (DSCC) Mayor Barrister Sheikh Fazle Noor Taposh on Thursday, reports UNB."DSCC will stand first to achieve the target of 25 per cent...

SC orders two PK Halder cronies to surrender before trial court

2024-05-24 00:00:00

The Appellate Division of the Supreme Court (SC) on Thursday ordered two then directors of International Leasing and Financial Service Basudeb Banerjee and his wife Papia Banerjee, alleged associates of Prasanta Kumar Halder alias PK Halder, to surrender before a...

Dhaka's temp rises by 6.43°C in 27 yrs

FE REPORT | 2024-05-24 00:00:00

The land surface temperature of the capital has increased by 6.43 degrees Celsius in 27 years with an average annual temperature rise of 0.24 degrees Celsius while Dhaka has never been built as a climate-resilient city.According to a study shared...

80pc of inland waterway workers suffer from skin, intestinal diseases

2024-05-24 00:00:00

Due to the use of untreated water, 80 per cent of workers on vessels plying the inland waterways across the country are suffering from various types of complex intestinal diseases and skin infection, reports UNB.This information was highlighted in a...

Prof Yunus' bail extended until July 4

FE REPORT | 2024-05-24 00:00:00

The Labour Appellate Tribunal in Dhaka has extended until July 4 this year the bail terms of four top officials of the Grameen Telecom, including its chairman Nobel laureate Prof Dr Muhammad Yunus, in a case filed on charges of...

If electoral system is destroyed, there'll be no democracy

2024-05-24 00:00:00

Election Commissioner Rashida Sultana on Thursday said electoral system is the key to democracy and if it is destroyed, then there will be no democracy in the country, reports UNB."The EC has made concerted efforts to ensure that all elections...

Probe will reveal if MP Anar was involved in wrongdoing in India

2024-05-24 00:00:00

Awami League General Secretary and Road Transport and Bridges Minister Obaidul Quader on Thursday said that investigation will determine whether the deceased MP of Jhenaidah-4 constituency, Anwarul Azim Anar, was involved in any illicit activities in India, reports UNB."I cannot...

AL men astounded seeing sanctions imposed on Aziz

FE REPORT | 2024-05-24 00:00:00

Bangladesh Nationalist Party (BNP) senior joint secretary general Ruhul Kabir Rizvi said on Thursday that the ruling party (Awami League) men have got astounded seeing sanctions imposed on former Army chief Gen (retd) Aziz Ahmed by the United States. Mr...

Arsonists won't be spared: PM

2024-05-24 00:00:00

Prime Minister Sheikh Hasina on Thursday categorically said no one would be spared if found involved in arson attacks and burning people, reports UNB."Those who will resort to arson attacks and burning people must not be spared. Whatever they do,...

Financials power India's Nifty, Sensex to record closing highs

2024-05-24 00:00:00

BENGALURU, May 23 (Reuters): India's blue-chip indexes notched all-time closing highs on Thursday, powered by gains in financial stocks, as the central bank's record dividend to the government kindled hopes of a reduction in the country's fiscal deficit. The blue-chip...

Vulnerabilities in short-term funding markets need addressing, global watchdog says

2024-05-24 00:00:00

LONDON, May 23 (Reuters): Vulnerabilities in widely used short-term markets for funding companies need to be addressed as stresses there can spread to the broader financial system during market turmoil, the global Financial Stability Board said on Wednesday.The FSB published...

S Korea announces $19b support package for chip industry

2024-05-24 00:00:00

SEOUL, May 23 (Reuters): South Korea announced on Thursday a 26 trillion won ($19 billion) support package for its chip businesses, citing a need to keep up in areas like chip design and contract manufacturing amid 'all-out warfare' in the...

BKB holds special review meeting

2024-05-24 00:00:00

Bangladesh Krishi Bank (BKB) held a special review meeting with the General Managers of all divisions of the bank at its Head Office on Thursday. Chairman of the bank Md Nasiruzzaman addressed the meeting as the chief guest while the...