The government appointed Dr Mobashher Momen as the new chairman of the Bangladesh Public Service Commission (BPSC), according to an official notification issued on Wednesday.As per Article 138 (1) of the Constitution, the PSC chairman has been appointed by the...
FE REPORT | 2024-10-10 00:00:00
The government has halved the regularity duty (RD) on sugar imports to 15 per cent from existing 30 per cent, aiming to keep prices of the sweetener stable in the domestic market. As a result, the total impact import duty...
M AZIZUR RAHMAN | 2024-10-10 00:00:00
Building Bangladesh's maiden permanent land-based LNG terminal now stalls with the cancellation of short-listing of bidders for the project aimed at ending reliance on expensive floating units hired for re-gasification of the imported liquid gas, sources said.They said the planned...
A long tailback of fast-moving traffic forms on Mayor Hanif Flyover on Wednesday, a day before the start of a four-day Durga Puja holiday today (Thursday). Gridlock was witnessed almost everywhere in Dhaka city, disrupting commuter movement. — FE Photo...
FE REPORT | 2024-10-10 00:00:00
The flow of deposits in shariah-based banking operations fell slightly while investment marked a steady rise in July as Bangladesh saw the build-up of a mass uprising that led to the fall of the Sheikh Hasina regime.When it comes to...
FE REPORT | 2024-10-10 00:00:00
A case has been filed against 19 people, including former Prime Minister Sheikh Hasina's son Sajeeb Wazed Joy and former state minister for ICT Zunaid Ahmed Palak, over allegations of leaking and selling citizens' National ID (NID) data.The lawsuit, filed...
FE REPORT | 2024-10-10 00:00:00
The Internal Resources Division (IRD) on Wednesday formed a five-member advisory committee to bring positive reforms in the National Board of Revenue (NBR).The advisory committee would recommend revenue policy, administration reform, evaluate organisational capacity of NBR and recommend its modernisation.It...
FE REPORT | 2024-10-10 00:00:00
Export Promotion Bureau (EPB) has identified six major reasons including multiple entries of same data, discount on sales volume and receipt of less than Initial LC Value behind incongruity in the country's export earnings data.Local sales from export-oriented companies, apparels'...
FE REPORT | 2024-10-10 00:00:00
Inflation has already edged down 1.0 per cent following fiscal interventions and a respite from price rises is awaited, Finance Adviser Dr Salehuddin Ahmed said Wednesday and urged all to have patience to get the assured consumer relief. "We could...
FE REPORT | 2024-10-10 00:00:00
Highest Tk 508.35 billion and lowest Tk 292.30 billion were transacted in bribe to construct and develop roads, highways and bridges during the last 15 years through creating a culture of rule violation and deviation in implementing road sector projects...
FHM HUMAYAN KABIR | 2024-10-10 00:00:00
The Asian Development Bank (ADB) assures Bangladesh government of providing nearly US$1.15 billion for bankrolling budget in the current fiscal year (FY) of 2024-25, officials said Wednesday after project-review talks. The country programming mission (CPM) of the ADB sat Wednesday...
SIDDIQUE ISLAM | 2024-10-10 00:00:00
Private-sector credit flows ebbed down with economic activity hitting the rock bottom amid the August mass uprising that led to the fall of Sheikh Hasina regime, officials said.Under domino effect of the political unrest, the country's overall economic activities remained...
Extending his greetings to the country's all members of the Hindu community, Chief Adviser Prof Muhammad Yunus has said that Bangladesh is a country of communal harmony."Durga Puja is not only a festival of the Hindu community… it has now...
MOSCOW, Oct 9 (Reuters): Russian oil companies have held talks with the government on whether firms that do not produce diesel should be banned from exporting it because of concern the refiners may be losing subsidies, Interfax news agency reported...
KUALA LUMPUR, Oct 9 (Reuters): Malaysian palm oil futures fell on Wednesday, reversing earlier gains, as market participants awaited key official domestic supply and demand data for further direction.The benchmark palm oil contract for December delivery on the Bursa Malaysia...
Gold retreated for the sixth straight day on Wednesday on an advancing dollar and diminished expectations for a larger rate cut in November while markets awaited minutes from the Federal Reserve's September policy meeting for further insights, reports Reuters.Spot gold...
PARIS/SINGAPORE, Oct 9 (Reuters): Chicago wheat futures extended gains into a third session on Wednesday, supported by concern over poor weather in top exporter Russia and a run of demand from importers.Soybeans rose after hitting a two-week low on Tuesday...
LONDON, Oct 9 (Reuters): Oil extended losses on Wednesday as weak demand and rising US inventories countered the risk of supply disruption from conflict in the Middle East and Hurricane Milton in the United States.Brent crude futures were down $1.12,...
MUMBAI, Oct 9 (Reuters): Hyundai Motor plans to use proceeds from a $3.3 billion IPO of its Indian unit to enhance its research efforts and develop new cars, aspiring to transform the South Asian country into a manufacturing hub for...
Oct 9 (Reuters): Talks between Boeing and its key manufacturing union broke down, and no negotiations are currently planned as the financially damaging strike heads into a fourth week.The company said on Tuesday it withdrew its pay offer to around...
LONDON, Oct 9 (AFP): Chinese stocks tumbled Wednesday on continued disappointment over a lack of fresh Chinese stimulus measures and scant detail on measures already unveiled.Europe's main stock markets rose slightly, however, as oil prices steadied.The dollar climbed against its...
NEW YORK, Oct 8 (Reuters): The US said on Tuesday it may ask a judge to force Alphabet's Google to divest parts of its business, such as its Chrome browser and Android operating system, that it says are used to...
RIYADH, Oct 09 (Arab News): Expatriate remittances from Saudi Arabia reached SR11.86 billion ($3.16 billion) in August, marking a 10 per cent annual increase, according to recent data. Figures from the Saudi Central Bank, also known as SAMA, also revealed...
WASHINGTON, Oct 09 (Reuters): Honda is recalling 1.7 million cars and SUVs in the United States over an issue that can make steering more difficult and increase the risk of a crash.The recall includes various 2022 through 2025 model vehicles...
The 'Annual Risk Management Conference-2024' of Uttara Bank PLC was held at a hotel in Dhaka recently. Mohammed Rabiul Hossain, Managing Director & CEO of Uttara Bank, was present as the chief guest. The conference was presided over by Deputy...
Rupali Bank PLC held its Business Review Meeting on Wednesday. Managing Director (Acting) Parsuma Alam was present as the chief guest at the meeting held at the conference room of the bank's Dhaka North Divisional Office. Deputy Managing Director Hasan...
Social Islami Bank held its 519th Board meeting at the bank's head office on Wednesday. Chairman of the bank Dr. M. Sadiqul Islam, presided over the meeting. Directors Major (Retd.) Dr. Md. Rezaul Haque, Maksuda Begum, Md. Morshed Alam Khondoker,...
The 399th Board Meeting of Shari'ah based Standard Bank PLC was held at the Boardroom at the bank's Head Office in Dhaka on Wednesday. Chairman of the Board of Directors Mohammed Abdul Aziz presided over the meeting. Director & Founder...
CHENNAI, Oct 9 (Reuters): A group of more than 1,000 striking workers at the Samsung Electronics factory in southern India has rejected a settlement offer made by the company on wage hikes, with the sit-in protest entering its second month...
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