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Downpour downs parts of Dhaka

FE REPORT | 2024-05-12 00:00:00

A heavy downpour, accompanied by a thunderstorm, struck Dhaka on Saturday morning, leading to extensive waterlogging in parts of the capital city and thereby causing massive misery to commuters.According to the Bangladesh Meteorological Department, the rainfall between 6:00 am and...

No project that does not benefit country and people: PM

2024-05-12 00:00:00

Prime Minister Sheikh Hasina on Saturday made it clear she won't approve any unnecessary projects taken up just for the sake of construction without calculating their benefits for the country and its people."There must not be any construction just for...

Reserve money shrinks to Tk 3.3t as ‘devolvement’ printing halted

JASIM UDDIN HAROON | 2024-05-12 00:00:00

A squeeze in the splurge of money on flow is tangible as the stock with Bangladesh Bank stayed on the wane, amounting to Tk 3.3 trillion as of mid- March, following a pause in printing 'high-powered' money. According to some...

NBR considering self-assessment only for corporate filers

Doulot Akter Mala | 2024-05-12 00:00:00

The National Board of Revenue (NBR) is considering a move to a 'self-assessment' only system for corporate tax returns, where companies would declare their own assets and income from the next fiscal year. Under this system, taxmen would not instantly...

Egg prices at ten-month high of Tk 165 a dozen

YASIR WARDAD | 2024-05-12 00:00:00

The price of eggs has reached a ten-month high of Tk 160-165 a dozen, hitting low-income groups who rely heavily on them as an affordable source of protein. Insiders say a supply crunch, rising input costs and alleged market manipulation...

Gas, power tariffs poised for frequent hike

M AZIZUR RAHMAN | 2024-05-12 00:00:00

Gas and power tariffs are poised for more frequent hikes than previously planned as a fallout from the bumped-up dollar pricing, sources say.The exchange rate of the US currency has been pegged higher through the introduction of crawling-peg exchange rate...

Rain likely today ..

2024-05-12 00:00:00

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

News in Brief -2024-05-12

2024-05-12 00:00:00

BD reports nine more Covid cases Bangladesh reported nine more Covid-19 cases in 24 hours until Saturday morning. With the new numbers, the country's total Covid-19 caseload rose to 2,050,143, according to the Directorate General of Health Services (DGHS). The...

CPB leader Haider Akbar Khan Rono dies

2024-05-12 00:00:00

Communist Party of Bangladesh (CPB) advisor, veteran leftist politician and valiant freedom fighter Haider Akbar Khan Rono passed away while undergoing treatment at a hospital in the city early Saturday at the age of 82, reports BSS. He died at...

Five die in lightning strikes in three dists

2024-05-12 00:00:00

At least five people died and seven others were injured by lightning strikes in Bagerhat, Chuadanga and Cumilla districts on Saturday.In Bagerhat, two labourers died and six others were injured by a lightning strike at Rayenda Bandaghata in Sarankhola upazila.The...

BGB seizes snake venom from Dinajpur border

2024-05-12 00:00:00

Members of Border Guard Bangladesh (BGB) seized snake venom worth Tk3 crore from Dinajpur's Ghasuriya border early Friday, reports UNB.Acting on a tipped-off, a team of BGB-20 conducted a drive in the Ucha Gobindpur area of Birampur Upazila of Dinajpur...

Mohanagar Sarbojaneen Puja Committee gets president, GS

2024-05-12 00:00:00

Jayanta Kumar Deb and Dr Tapash Chandra Paul have been elected president and general secretary (GS) respectively of the Mohanagar Sarbojaneen Puja Committee, says a statement. The two-year executive committee was declared on Friday at a biennial council at Dhakeshwari...

Education minister Mohibul Hassan Chowdhury handing over an e-signed certificate to a student at the 4th Convocation

2024-05-12 00:00:00

Education minister Mohibul Hassan Chowdhury handing over an e-signed certificate to a student at the 4th Convocation of City University hosted at Bangabandhu Bangladesh-China Friendship Exhibition Centre Auditorium at Purbachal on Saturday. State minister for commerce Ahasanul Islam also attended...

Time to divert more investment towards cultural dev: Arafat

2024-05-12 00:00:00

More efforts, time, labour, and intellectual investment will be needed in culture, State Minister for Information and Broadcasting Mohammad Ali Arafat said on Friday.He said this while speaking at the National Rabindra Sangeet Festival, reports UNB."At present, under the leadership...

Global dialogue on demographic diversity on May 15-16 in Dhaka

2024-05-12 00:00:00

The governments of Bangladesh, Bulgaria and Japan, together with UNFPA, will host the "ICPD30 Global Dialogue on Demographic Diversity and Sustainable Development" in Dhaka on May 15-16, reports UNB.The dialogue creates a platform to discuss the challenges and explore the...

Web banking leapfrogs in BD

2024-05-12 00:00:00

SAJIBUR RAHMANInternet banking has boomed in recent times with more people opting to do financial transactions through digital platforms, thanks to user-friendly banking apps, nominal fees and growing client confidence.The web-based transactions stood at Tk 938.22 billion in February 2024,...

Comprehensive road law to be passed soon: home minister

2024-05-12 00:00:00

A comprehensive road law will be passed in parliament soon to reduce the number of deaths in road accidents, Home Minister Asaduzzaman Khan says, reports bdnews24.com.He said the new law analyses the responsibilities of drivers, assistants, transport owners, and transport...

BNP harms country creating enmity with India: Quader

2024-05-12 00:00:00

Awami League General Secretary and Road Transport and Bridges Minister Obaidul Quader on Saturday said BNP harmed the country by creating enmity with India when the party was in power, reports BSS."By creating enmity with India, BNP harmed the country....

Invisible power, not AL, running country: BNP

2024-05-12 00:00:00

FE REPORTThe Bangladesh Nationalist Party (BNP) has said that it is not the Awami League (AL) but an invisible power is virtually running the country."The AL isn't running the country. An invisible power is doing so," BNP secretary general Mirza...

737 nomination papers submitted

2024-05-12 00:00:00

A total of 737 people have submitted their nominations for the fourth phase of the Upazila council elections according to bdnews24.com.The Election Management Branch of the Election Commission reported the data on Thursday, the final day of nomination paper submissions.Aspirants...

PHP Motors unveils Perodua in Bangladesh

2024-05-12 00:00:00

PHP Motors has introduced Perodua, the Malaysian automobile brand, to the Bangladeshi market for the very first time.The launching event was hosted by Sufi Mohamed Mizanur Rahman, founder chairman of the country's top conglomerate PHP Family and Ekushey Padak winner...

Amex, CityMaxx cards added to bKash's 'Add Money' service

2024-05-12 00:00:00

American Express (Amex) and CityMaxx cards have now been added to bKash's Add Money service, enabling customers to add money to their bKash accounts from any Amex, CityMaxx credit, debit and pre-paid cards issued in Bangladesh. As a result, Amex...

iFarmer, Winrock to work on financial inclusion for climate-vulnerable farmers

2024-05-12 00:00:00

iFarmer Limited and Winrock International signed an agreement at the iFarmer's headquarters recently. Both the parties expressed commitment to working closely on a range of initiatives through the B-PEMS AugroJatra Climate Change Project, funded by the US Department of State,...

BANGLADESH KRISHI BANK AWARDS ITS 10 BRANCHES

2024-05-12 00:00:00

BANGLADESH KRISHI BANK AWARDS ITS 10 BRANCHESBangladesh Krishi Bank (BKB) has awarded top 10 branches of the bank for collecting highest remittance for FY 2021-22 and FY 2022-23. Chairman of the Board of Directors Md Nasiruzzaman and Managing Director Md...

AGRANI BANK HOLDS VIEW-EXCHANGE MEETING

2024-05-12 00:00:00

AGRANI BANK HOLDS VIEW-EXCHANGE MEETINGTop officials of Agrani Bank PLC held a view-exchange meeting with the heads of the Region and Corporate Branch and branch managers under the Chattogram Circle at the World Trade Centre in the port city on...

IPDC Finance to celebrate Mother's Day every month

2024-05-12 00:00:00

IPDC Finance Limited has ensured special benefits for its female employees with the unique idea of celebrating Mother's Day every month. Female employees of IPDC, who are mothers with children up to 5 years old will have the opportunity to...

Microsoft hit with $242m US verdict in Cortana patent lawsuit

2024-05-12 00:00:00

WASHINGTON, May 11 (Reuters): Microsoft must pay patent owner IPA Technologies $242 million, a federal jury in Delaware said on Friday after determining that Microsoft's Cortana virtual-assistant software infringed an IPA patent.The jury agreed with IPA after a week-long trial...

Oil prices fall on prospect of higher-for-longer US rates

2024-05-12 00:00:00

NEW YORK, May 11 (Reuters): Oil prices fell by nearly $1 a barrel on Friday as comments from US central bank officials indicated higher-for-longer interest rates, which could hinder demand from the world's largest crude consumers.Brent crude futures settled at...

Abu Dhabi team visits Ctg port tomorrow

NAZIMUDDIN SHYAMOL | 2024-05-12 00:00:00

CHATTOGRAM, May 11: A delegation of Abu Dhabi Ports Group will visit Chittagong Port on Monday with an intention to invest in the construction of Bay Terminal.Official sources have said foreign investors are showing interest in constructing Bay Terminal under...

Ispahani adds three new flavours to Blender's Choice green tea lineup

FE REPORT | 2024-05-12 00:00:00

Ispahani, the leading tea brand of the country, has introduced three new flavours to cater to the diverse preferences of tea lovers.Ispahani's popular brand, Blender's Choice, has launched world-class green tea in three unique flavours: Lemon, Ginger & Lemon, and...