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Briefing 2024-05-05

2024-05-05 00:00:00

Cement makers witness moderate profit growth on currency stabilityMost of the listed cement manufacturers have witnessed a moderate profit growth year on year in the July-March period of the fiscal year 2024, buoyed by diminished foreign exchange loss following the...

Heatwave to last one more day across most of country

2024-05-05 00:00:00

The ongoing heatwave will continue to scorch large swathes of Bangladesh for at least one day, the Meteorological Department has said in its latest heat warning, reports bdnews24.com.It issued the warning for Dhaka, Rajshahi, Khulna and Barishal divisions, which are...

Passengers heading for north and south western districts from the capital wait at the Kamalapur Railway

2024-05-05 00:00:00

Passengers heading for north and south western districts from the capital wait at the Kamalapur Railway Station on Saturday afternoon. Their journeys were delayed by up to four hours due to a train collision in Joydebpur on Friday. The wreckage...

India lifts onion export ban, slaps 40pc duty

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

The neighbouring India has withdrawn its ban on onion export to certain countries, including Bangladesh, but slapped a 40-per cent export duty on the product.The removal of the ban is, therefore, unlikely to help tame the price of the kitchen...

Interest payments up 16pc in first seven months of FY '24

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

Bangladesh's budget deficit keeps widening with the current fiscal's seven-month shortfall having ballooned to nearly Tk 230 billion, as government spending far outstrips revenue receipt. The deficit was recorded Tk 83.38 billion during July-December or the first half of this...

RMG export to US down 17pc in January-March

Monira Munni | 2024-05-05 00:00:00

Bangladesh's garment exports to the US, the country's largest export destination, fell by over 17 per cent year-on-year to $1.75 billion in January-March, according to the Office of Textiles and Apparel (OTEXA), a body under the American Commerce Department.The slump...

Rain likely today 05-05-2024

2024-05-05 00:00:00

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

Two 9th-graders drown in city's Diabari Lake

2024-05-05 00:00:00

Two students of class-nine drowned while bathing in a lake in Diabari area of Dhaka's Uttara on Saturday afternoon, said Fire Service officials.The deceased identified as Asharfaul, 16 and Jihad, 15, were students of Mirpur Shahid Smrity High School at...

‘Steps to be taken to restore lost beauty of Kaptai Lake’

2024-05-05 00:00:00

Fisheries and Livestock Minister Md Abdur Rahman said on Saturday necessary measures will be taken to bring back the lost beauty of Kaptai Lake in Rangamati, reports UNB.He said these at a programme for fish fries release and VGF (rice)...

RMG workers' demonstration disrupts traffic on Airport road

2024-05-05 00:00:00

Vehicular movement on Airport road remained suspended for half an hour as the workers of a garment factory blocked the road demanding payment of salary and dues, reports UNB.Abu Saleh Md Raihan, joint commissioner (traffic north) of DMP, said hundreds...

Gazipur college student stabbed to death

2024-05-05 00:00:00

GAZIPUR, May 04 (UNB): A 19-year-old college student has been stabbed to death allegedly by some muggers in Gazipur.The incident took place in the Bangladesh Rice Research Institute area of Sadar police station of the city on Saturday.The deceased Al...

Dr. Atiur Rahman to receive honorary doctorate from SOAS University of London

2024-05-05 00:00:00

Renowned economist and Professor Emeritus of Dhaka University, Dr. Atiur Rahman, will be awarded an honorary doctorate from the School of Oriental and African Studies (SOAS), University of London.This prestigious accolade, confirmed through a formal letter by Vice-Chancellor Professor Adam...

BD reports 11 more Covid cases

2024-05-05 00:00:00

Bangladesh reported 11 more Covid-19 cases in 24 hours until Saturday morning, reports UNB.With the new numbers, the country's total Covid-19 caseload rose to 2,050,049, according to the Directorate General of Health Services (DGHS).The official death toll from the disease...

Dr Kamal Abdul Naser Chowdhury, adviser to the Prime Minister, confers a degree to a graduate on behalf

2024-05-05 00:00:00

Dr Kamal Abdul Naser Chowdhury, adviser to the Prime Minister, confers a degree to a graduate on behalf of UAP chancellor at the 10th Convocation of University of Asia Pacific (UAP) in city's Bangabandhu Bangladesh-China Friendship Exhibition Centre on Saturday....

BR launches two commuter trains

2024-05-05 00:00:00

FE REPORTThe Bangladesh Railway has launched two commuter trains on Bhanga-Dhaka-Bhanga and Bhanga-Rajbari-Bhanga routes via Padma Bridge.It also plans commissioning of one more train for the Khulna-Jashore-Benapole route soon.Railways minister Mohammad Zillul Hakim disclosed this on Saturday while inaugurating the...

No way to make Dhaka a planned city anymore

2024-05-05 00:00:00

FE REPORTThere is no way to transform Dhaka into a modern and planned city at this point, urban planners have said, stressing an urgent need for preventing its total collapse by adopting a comprehensive master plan.However, they have urged appropriation...

Global standard to be followed: Arafat

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

A mechanism needs to be developed so that the Bangladesh Bank can provide information for journalists while protecting sensitive ones of the same, State Minister for Information and Broadcasting Mohammad A. Arafat has said."We're exploring how central banks across the...

Rail fare hike illogical, inhumane: GM Quader

2024-05-05 00:00:00

Jatiya Party Chairman GM Quader on Saturday expressed deep concern over the increase in rail fare, saying it is an irrational and inhumane move, reports UNB.In a statement, he also slammed the government for its decision to withdraw the rebate...

Upazila polls must be fair

2024-05-05 00:00:00

RAJSHAHI, May 04 (BSS): Election Commissioner (EC) Rashida Sultana on Saturday said the Election Commission is firmly committed to holding the upcoming upazila election in a free, fair and neutral manner."Election Commission as per its rules and regulations will take...

Muslims can play crucial role in resolving Palestinian crisis

2024-05-05 00:00:00

Foreign Minister Dr Hasan Mahmud, while on the sidelines of the preparatory meeting of the 15th OIC Summit, held bilateral discussions on Friday with the Permanent Observer of the State of Palestine to the United Nations, Riyad Mansour, reports UNB.During...

BNP expels 61 more leaders for contesting UZ polls

2024-05-05 00:00:00

The BNP has expelled 61 more of its grassroots leaders for participating in the second phase of upcoming upazila elections by violating the party's decision, reports UNB.With this latest action, the party has so far expelled 140 leaders for contesting...

Not BNP, people will decide to dethrone govt: Mirza Abbas

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

It is not BNP; people will take the decision to dethrone the government, said Bangladesh Nationalist Party (BNP) standing committee member Mirza Abbas on Saturday."We (BNP) don't see the government as it was formed without elections (according to BNP's view),"...

Awami League President Sheikh Hasina presiding over a meeting of AL Parliamentary Nomination Board

2024-05-05 00:00:00

Awami League President Sheikh Hasina presiding over a meeting of AL Parliamentary Nomination Board at the Prime Minister's official residence Ganobhaban in the city on Saturday — Focus Bangla

CAPM declares Unit Fund NAV--

2024-05-05 00:00:00

CAPM Company Limited has declared the Net Asset Value (NAV) of CAPM Unit Fund. The total NAV of CAPM Unit Fund stood at Tk 116,924,208.48 on the basis of cost price and Tk 95,905,307.31 on the basis of market price...

Association of Bankers Bangladesh Limited (ABB) Chairman and BRAC Bank Managing Director & CEO Selim R. F. Hussain

2024-05-05 00:00:00

Association of Bankers Bangladesh Limited (ABB) Chairman and BRAC Bank Managing Director & CEO Selim R. F. Hussain congratulated Professor Shibli Rubayat-Ul-Islam on his reappointment as the chairman of the Bangladesh Securities and Exchange Commission (BSEC) recently.

Looking for strategic trade policy actions in the forthcoming budget

Zaidi Sattar | 2024-05-05 00:00:00

FTY2025 Budget, coming in the first week of June, will give us economists an idea of whether the new government means business. In the past couple of years, the economy has confronted challenges on multiple fronts, particularly with respect to...

MFS Debit Card: A game changer?

2024-05-05 00:00:00

Bangladesh's financial sector is undergoing a significant transformation, thanks in large part to the advent of Mobile Financial Services (MFS). A conspicuous aspect of this development is the introduction of a new MFS debit card by Upay, a subsidiary of...

Heat waves a threat to education system

2024-05-05 00:00:00

The scorching heat waves pose a serious threat to our educational system, particularly following the COVID-19 pandemic. Apparently, the ongoing circumstances have necessitated the temporary closure of educational institutions or the implementation of online classes due to health concerns. It...

Developing cities in harmony with nature

Atiqul Kabir Tuhin | 2024-05-05 00:00:00

From the beginning of summer this year, a sizzling record-breaking heat wave grabbed the attention of all. Indoors, outdoors - it was impossible to miss or to avoid. It even grasped the attention of the international media because Bangladesh is...

Inflation and the upcoming budget

Asjadul Kibria | 2024-05-05 00:00:00

The country's new finance minister and a new state minister for finance are now busy finalising the national budget for the upcoming fiscal year (FY25). It will be the nation's 53rd annual national budget, and the ongoing pre-budget consultations suggest...