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Outbound remittance by illegal foreigners draws down reserves

FHM HUMAYAN KABIR | 2023-12-13 00:00:00

How many foreigners stay in Bangladesh with or without job remains a riddle but an umpteen number of them repatriate their earnings in dollar and the outbound remittance further draws down the country's falling foreign-exchange reserves, sources say. Official statistics...

JP not quitting polls, says Chunnu

2023-12-13 00:00:00

Jatiya Party (JP) Secretary General Mujibul Haque Chunnu on Tuesday said they had come forward to join the next national election scheduled for January 7, but not to quit it, reports UNB."I can tell you one thing clearly that the...

Raushan advises PM against alliance with GM Quader

2023-12-13 00:00:00

Opposition leader and Jatiya Party Chief Patron Raushan Ershad has requested Prime Minister Sheikh Hasina not to form any electoral alliance with Jatiya Party's GM Quader, reports UNB.During her meeting with PM Hasina at her official residence Gonobhaban on Tuesday,...

No change in decision over independents, says Quader

2023-12-13 00:00:00

Awami League (AL) General Secretary Obaidul Quader said on Tuesday despite objections from the 14-party allies and discomfort among party candidates, the AL would not change its decision over the independent candidates in the upcoming general elections, reports BSS."There will...

Briefing 2023-12-13

2023-12-13 00:00:00

Prayer Timings (2023-12-13)

2023-12-13 00:00:00

Fragmented EFD installation foils revenue purpose

DOULOT AKTER MALA | 2023-12-13 00:00:00

Fragmented installation of electronic fiscal device in retail shops in a market or area won't help plug VAT leaks, even if done through a third party, experts say and suggest a well-calibrated blanket coverage. Businesses and economists both agree on...

Deposit-rate cap lifted

FE REPORT | 2023-12-13 00:00:00

Banking industry is finally open for competitive operations with the interest-rate cap on deposits lifted, in a development that comes amid liquidity crunch and certain market distortions. Bangladesh Bank (BB) Tuesday withdrew the interest-rate cap to unshackle bankers for collecting...

Central bank introduces bancassurance

FE REPORT | 2023-12-13 00:00:00

Bangladesh Bank (BB) introduced bancassruance, bank-insurance partnership of selling insurance products to bank clients, with immediate effect from Tuesday.All the 61 scheduled banks operating in the country could be involved in the business of marketing and selling products of insurance...

Bangladesh refinery industry opens for investment, export

M AZIZUR RAHMAN | 2023-12-13 00:00:00

Bangladesh opens up investment by private sector in setting up refineries and marketing refined oil products both for domestic consumption and export, in a latest development aimed at unlocking energy-sector potential.Officials said the Energy and Mineral Resources Division (EMRD) under...

Into the luxury of Maldives' transparent blue

TANISHA SIDDIQUI | 2023-12-13 00:00:00

The gentle hum of the engine, the subtle jolt, the quivering butterflies in my stomach - the plane's landing is what often gives one the feeling that 'this is real, this is happening'; everything else up until that point feels...

The not yet lost treasure of Bengali culture

AFIEA IBNAT SUCHI | 2023-12-13 00:00:00

'Biyer Geet' is a unique folk music genre dedicated to weddings and performed during wedding ceremonies. It is indigenous to Bangladesh and West Bengal of India. Once a widely practised custom, a wedding ceremony was deemed unfulfilled without a large...

Ensure safety of migrant women workers

2023-12-13 00:00:00

In recent years, a number of stories have been reported in the media about the awful sufferings and exploitation of Bangladeshi women migrant workers in some Middle East countries. Many of the victims returned home empty-handed, tortured or even dead,...

Organ donation for saving life

2023-12-13 00:00:00

Every year, many people in Bangladesh lose their lives due to organ failure. Most of them succumb to kidney and liver failures. Despite the enactment of legislation aimed at regulating organ transplantation, Bangladesh is yet to embrace the opportunity. The...

Consumers' rights a far cry in Bangladesh

Syed Mansur Hashim | 2023-12-13 00:00:00

The seemingly impossible hyperinflation suffered by consumers hogged media headlines for the better part of 2023. Price trends of basic food items in particular were unrelentingly jittery. Although laws in the country provide (in theory) protection to consumers, most people...

Going digital in public tendering

Wasi Ahmed | 2023-12-13 00:00:00

The advent of the internet, digital connectivity, and the explosion of e-commerce business models in the private sector have for sometime been pressurising the public sector to rethink hierarchical, bureaucratic organisational models. Governments worldwide are facing the challenge of transformation...

Combating the scourge of ROP

2023-12-13 00:00:00

Children's eye health is a vital area of child care. In the past, it was thought that immunisation campaign against some infectious diseases, administering Vitamin A drops to fight night blindness and morbidity among children, etc. were all about taking...

Digital banking: revolutionising financial landscape

Syed Ibrahim Saajid | 2023-12-13 00:00:00

Bangladesh stands at the precipice of a digital revolution, with the financial sector poised for significant transformation through the rise of digital banking. Driven by a burgeoning tech-savvy population, widespread mobile phone and internet penetration, and supportive regulatory initiatives, the...

Palestinians carry a list of Gaza victims

2023-12-12 12:00:00

Palestinians carry a list of Gaza victims during a rally amid a general strike in Ramallah city in the occupied West Bank on Monday in solidarity with Gaza, as battles continue between Israel and the Palestinian group Hamas. — AFP

Gold falls on a firm dollar

2023-12-12 00:00:00

Gold prices declined on Monday pressured by a firm US dollar, as investors look ahead to several major central bank meetings and U.S. inflation data this week for further clarity on the interest rate path, reports Reuters.Spot gold was down...

Tighter supplies to create tailwind for copper

2023-12-12 00:00:00

LONDON, Dec 11 (Reuters): Mine closures and disruptions have rapidly changed the landscape for copper supplies and prompted analysts to lower their forecasts for surpluses in a positive signal for prices of the industrial metal.Copper prices on the London Metal...

Wheat prices fall, soybeans up

2023-12-12 00:00:00

HAMBURG, Dec 11 (Reuters): Chicago wheat slipped on Monday from last week's four-month highs as investment funds showed few signs of exiting bearish positions despite the biggest US wheat sales to China in years.Soybeans rose on concerns about Brazilian weather....

Oil prices edge down with investors still wary

2023-12-12 00:00:00

LONDON, Dec 11 (Reuters): Oil prices dipped on Monday as worries persisted around crude oversupply despite OPEC+ cuts and softer fuel demand growth next year.Brent crude futures fell 43 cents to $75.41 a barrel by 1221 GMT. US West Texas...

KOHINOOR CHEMICAL HOLDS 36TH AGM

2023-12-12 00:00:00

The 36th Annual General Meeting (AGM) of Kohinoor Chemical Company (Bangladesh) Limited was held on Sunday on a digital platform. Chairman of the company Mohammad Obaidul Karim, Managing Director Md. Rezaul Karim, Director Md Ebadul Karim, and Independent Directors Prof...

JANATA BANK NOW OFFERS SAVING CERTIFICATE SERVICE

2023-12-12 00:00:00

From now on, Janata Bank PLC will issue four types of savings certificates of the Department of National Savings. Managing Director and CEO of the bank Md Abdul Jabbar inaugurated the service as the chief guest while DMD Md Ramjan...

SONALI BANK HOLDS WORKSHOP

2023-12-12 00:00:00

A training workshop on 'Grievance Redress System (GRS) and using its Software' organised by Sonali Bank PLC was held at its head office in the city on Monday. Mafiz Uddin Ahmed, Additional Secretary of Financial Institutions Division, Ministry of Finance,...

News in Brief -2023-12-12)

2023-12-12 00:00:00

Russia targets Kyiv with ballistic missilesKYIV, Dec 11: Russia fired eight ballistic missiles at Kyiv early Monday, all of which were shot down, Ukraine's Air Force said. The thwarted attack still left one person injured by shrapnel and three more...

Kishida to sack key ministers for fraud

2023-12-12 00:00:00

TOKYO, Dec 11 (AFP): Japan's Prime Minister Fumio Kishida is set to fire several top ministers who are reportedly under investigation for alleged fraud, local media said Monday, in what would be the second reshuffle in three months.Those to be...

Israel to fight for months to defeat Hamas

2023-12-12 00:00:00

GAZA, Dec 11 (AP/AFP): Israel said it is prepared to fight for months or longer to defeat Gaza's Hamas rulers, as its ground offense intensifies with more airstrikes and artillery fire.Qatar, which has played a key mediating role, says efforts...

African mediators claim progress

2023-12-12 00:00:00

KHARTOUM, Dec 11 (Reuters): An African regional body involved in efforts to mediate over the war in Sudan says it has secured a commitment from warring parties to implement a ceasefire and to hold a political dialogue aimed at resolving...