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Doing business in a bizarre system

Afsan Chowdhury | 2024-05-21 00:00:00

That Bangladeshi investors and entrepreneurs are facing trouble or face trouble when doing business is not a secret. That the cost of doing business in Bangladesh is high is well known and the situation has been so for ages. While...

Managing escalation of manufacturing costs

2024-05-21 00:00:00

While exporters of certain finished goods and commodities have rejoiced over the introduction of crawling peg in currency exchange, manufacturers depending overwhelmingly on imports of most of the raw materials do feel the bite. Even the apparel sector comprising readymade...

Inclusive finance & micro enterprise development in Bangladesh

Matiur Rahman | 2024-05-21 00:00:00

Bangladesh's remarkable economic growth story is intricately woven with the rise of microfinance and its impact on poverty alleviation. Inclusive finance, a broader concept encompassing microfinance and other financial services for the underserved, has emerged as a powerful tool for...

Prime Bank has launched PrimeAcademia

2024-05-20 12:00:00

Prime Bank has launched PrimeAcademia, a banking solution tailored for academic institutions, teachers, students, and parents across Bangladesh. Primeacademia has been designed to address the diverse financial needs of the academic community, offering features such as fees collection for simplified...

Chinese firms invest in 'green' jet fuel, anticipating blending rule

2024-05-20 12:00:00

SINGAPORE, May 19 (Reuters): Biofuel firms are pouring more than $1 billion into building China's first plants to turn waste cooking oil into aviation fuel for export and meet domestic demand once Beijing mandates the fuel's use on airplanes to...

Oil tanker hit by missile off Yemen

2024-05-20 00:00:00

DUBAI, May 19 (AFP): A missile fired by Iran-backed rebels hit a Greek oil tanker off Yemen early Thursday, causing some damage but no casualties, US Central Command said."At approximately 1 am (Sanaa time) May 18, Iranian-backed Huthis launched one...

GoB, UN country team hold JSC meeting

2024-05-20 00:00:00

The government of Bangladesh and the United Nations Country Team today held a Joint Steering Committee (JSC) meeting and launched the 2023 UN Country Results Report.The meeting also discussed 2024 priorities for implementing the UN Sustainable Development Cooperation Framework (Cooperation...

Prayer Timings (2024-05-20)

2024-05-20 00:00:00

BD conveys its concerns to Kyrgyzstan

2024-05-20 00:00:00

The Government of Bangladesh has expressed deep concerns over the mob violence on the night of May 17, 2024 in the Kyrgyzstan capital of Bishkek, reports UNB."We have conveyed our concerns to Kyrgyzstan. Our students also came under attack but...

Raisi's helicopter meets 'accident'

2024-05-20 00:00:00

TEHRAN, May 19 (AFP): A helicopter carrying Iran's President Ebrahim Raisi was involved in "an accident" in poor weather conditions on Sunday, state media reported, with a search underway and no news yet on his condition."An accident happened to the...

Green chilli hits Tk 240 a kg

FE REPORT | 2024-05-20 00:00:00

The green chilli market has become volatile as its retail price shot up to Tk 200-240 a kilogram on Sunday.In a single day, the price of the spice went up by Tk 40-60 per kg.The egg price also maintained previous...

Jhenaidah-4 MP goes missing after going to Kolkata for treatment

FE REPORT | 2024-05-20 00:00:00

Anwarul Azim Anar, the lawmaker from Jhenaidah-4 constituency, has been missing apparently since May 14 in Kolkata.Mr Anar went to Kolkata in India on May 11 for treatment. Family members of Anar met on Sunday with the official of Dhaka...

6th Bangladeshi conquers Mount Everest

2024-05-20 00:00:00

CHATTOGRAM, May 19 (UNB): Babar Ali, a physician from Hathazari upazila in Chattogram, reached the summit of Mount Everest on Sunday (May 19) at 8:45 am Bangladesh time, becoming the sixth Bangladeshi to conquer the world's highest peak.Dr. Babar's achievement...

Local electrical goods mkt half-filled with substandard goods: Study

DU CORRESPONDENT | 2024-05-20 00:00:00

Nearly half, or 47 per cent, of the electrical accessory and lighting product market is occupied by non-branded goods, according to a nationwide study, as the non-branded products are either locally manufactured but do not meet quality standards, or are...

Infuriated by ban, battery-run rickshaw drivers stage violent demo

FE REPORT | 2024-05-20 00:00:00

Drivers of battery-run rickshaws and easy bikes on Sunday staged violent demonstrations against the ongoing crackdown on their vehicles by blocking various roads at Mirpur in Dhaka since the morning. Chase, counter-chase and vandalism took place during the demonstrations, while...

Untapped $167b revenue beckons Bangladesh

FE REPORT | 2024-05-20 00:00:00

A fabulous US$167 billion or Tk 20 trillion worth of revenue can be mobilized per annum by 2030 if Bangladesh goes for full digitisation of the tax system.A study by the Centre for Policy Dialogue (CPD) raises such hope as...

Weather (2024-05-20)

2024-05-20 00:00:00

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

Class XI admission on July 15-25

2024-05-20 00:00:00

The admissions for students who passed their Secondary School Certificate or equivalent exams will begin on July 15 and continue until July 25, reports bdnews24.com. Classes for eleventh grade will then begin on July 30.The Inter-Education Board Coordination Committee issued...

Another BD Hajj pilgrim dies in Makkah

2024-05-20 00:00:00

Another Bangladeshi national has died in Saudi Arabia in the course of the Hajj pilgrimage, reports bdnews24.com.The Ministry of Religious Affairs confirmed the victim as 89-year-old Md Mostafa in its Hajj bulletin on Sunday.Mostafa hailed from Sadar Upazila in Bhola....

Prof Yusuf Mahbubul Islam joins SEA as VC

2024-05-20 00:00:00

Prof Dr Yusuf Mahbubul Islam joined Southeast University (SEU) as the vice chancellor on Sunday, say a press release.President Mohammed Shahabuddin, also the chancellor of SEU, appointed him vice chancellor for a four-year term.Professor Islam has more than 46 years...

Waseqa for robust, efficient financial management to ensure stable economy

2024-05-20 00:00:00

In order to ensure Bangladesh's economic stability and promote sustainable growth, State Minister for Finance Waseqa Ayesha Khan on Sunday called for policy planners, academics and development partners to assist in creating a robust and efficient financial management system for...

38 DSCC staffers sacked in four years: Taposh

FE REPORT | 2024-05-20 00:00:00

Dhaka South City Corporation (DSCC) Mayor Sheikh Fazle Noor Taposh has said that a total of 38 officials and employees have been sacked in the last four years on charges of negligence and corruption.He disclosed the information while addressing a...

Qazi Kholiquzzaman, Aynul Islam elected BEA president, GS

2024-05-20 00:00:00

Dr Qazi Kholiquzzaman Ahmad and Dr Md Aynul Islam have been elected the president and general secretary of Bangladesh Economic Association (BEA) for the next two years, reports UNB.The panel of Qazi Kholiquzzaman Ahmad and Aynul Islam won 27 posts...

Five metro rail stations to be built from Uttara to Tongi

2024-05-20 00:00:00

The MRT-6 extension project in Dhaka will set up five metro rail stations from Uttara North to Tongi Railway Station, says MAN Siddique, managing director of the Dhaka Mass Transit Company Limited, reports bdnews24.com.These stations will be located at Diabari...

BNP leader Ishraque, two others jailed for provocation

2024-05-20 00:00:00

A Dhaka court on Sunday sent three people, including BNP Chairperson Khaleda Zia's Foreign Affairs Advisory Committee member Ishraque Hossain, to jail in a case filed for involvement in provocative activities with Paltan Thana on October 2023, reports BSS.Dhaka Metropolitan...

2nd phase of upazila polls tomorrow

2024-05-20 00:00:00

A total of 457 platoons of Border Guard Bangladesh (BGB) have been deployed to maintain law and order ahead of the second phase of Upazila Parishad Elections billed for tomorrow (Tuesday), reports UNB.According to a BGB media release, the members...

TIB slams local govt system as it neglects public interest

FE REPORT | 2024-05-20 00:00:00

Transparency International Bangladesh (TIB) has criticised the local government system for neglecting public interest. It said that candidates of Upazila Parishad Election often prioritise personal wealth accumulation over serving the public within the realm of politics.An analysis of the last...

Rizvi critcises ban on jurnos’ entry into BB

FE REPORT | 2024-05-20 00:00:00

Refuting Awami League general secretary Obaidul Quader's comments on journalists' assess to Bangladesh Bank (BB), senior joint secretary general of BNP Ruhul Kabir Rizvi questioned on Sunday if journalists' entry is not allowed, then will the mafias, hooligans and loan...

Taking route of talks instead of provocation: FM

2024-05-20 00:00:00

Foreign Minister (FM) Hasan Mahmud on Sunday said Bangladesh has been following the path of "negotiations" through diplomatic channels avoiding provocations from Myanmar and other international actors, reports UNB."There were provocations from Myanmar and other international actors. We did not...

BNP leaders suffer from mental trauma: Quader

2024-05-20 00:00:00

Awami League (AL) General Secretary and Road Transport and Bridges Minister Obaidul Quader on Sunday said BNP leaders are making absurd comments, as they are suffering from mental trauma, reports BSS.He said this while replying to a question after joining...