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Mattress money drops significantly

JUBAIR HASAN | 2023-12-05 00:00:00

The volume of mattress money or currency outside banks plummeted significantly in the first four months of the current fiscal year as a much-needed respite to credit-starved lenders, according to bankers.Deposits worth over Tk 460 billion, which flew out of...

PM orders restoration of rivers, canals in capital, adjoining areas

2023-12-05 00:00:00

Prime Minister Sheikh Hasina Monday directed the authorities concerned to take measures to restore all canals in the capital city, Dhaka, and its adjoining areas as well as Buriganga, Shitalakshya, Turag and Balu rivers as soon as possible, report agencies.She...

Prayer Timings (2023-12-05)

2023-12-05 00:00:00

Dhaka to convey progress on labour issues to Washington

FE REPORT | 2023-12-05 00:00:00

Significant progresses were made in different labour-related issues which would be conveyed to the United States of America (USA) soon, senior commerce secretary Tapan Kanti Ghosh said on Monday.Progresses made over the last couple of months as per USA demand,...

Fall in food prices tames inflation

FE REPORT | 2023-12-05 00:00:00

Inflationary pressure eased to some extent as the November Consumer Price Index (CPI) was a bit lower than in the previous month, official statistics showed on Monday.The national statistical body -- Bangladesh Bureau of Statistics (BBS) -- has shown that...

LNG import hits impasse for payment imbroglio

SYFUL ISLAM | 2023-12-05 00:00:00

Liquefied natural gas (LNG) import from two gulf countries hits impasse as the renewal of standby letter of credit (SBLC) stalls for payment-guarantee refusal by regulators, apparently for forex crunch. Officials have said the LC renewal for the import of...

Export misses July-Nov target, marks marginal annualised growth

FE REPORT | 2023-12-05 00:00:00

Merchandise export in July-November period of the current fiscal missed the target as earnings fell 9.23 per cent to $22.23 billion, although the five-month income marked some annualised growth.Latest official statistics show the November monthly turnover posted a growth of...

Bashundhara seeks to be 'strategic investor' in Teletalk

FHM HUMAYAN KABIR | 2023-12-05 00:00:00

Bashundhara Telecommunications Ltd, a sister concern of Bashundhara Group, has sent a proposal to the Post and Telecommunications Ministry about its investment in Teletalk, the lone state-owned mobile-phone company, as "strategic investor" aiming to improve the services of the latter...

Weather (2023-12-05)

2023-12-05 00:00:00

Light rain/thunder showers accompanied by temporary gusty wind is likely to occur at one or two places over Khulna, Barishal and Chattogram divisions in the next 24 hours from 06:00 am today (Tuesday), according to the Met Office. Weather may...

Sale of warm clothes at shops on footpaths

2023-12-05 00:00:00

Sale of warm clothes at shops on footpaths gets momentum over the last couple of days. The picture was taken from Mohammadpur Beribadh area of the city on Monday — FE Photo

Two more die from dengue

2023-12-05 00:00:00

Two more deaths were reported from dengue in 24 hours till Monday morning, raising the fatalities from the mosquito-borne disease in Bangladesh to 1,634 this year, reports UNB.During the period, 682 more patients were hospitalised with the viral fever, according...

BD focuses on solar-based initiatives to promote renewable energy

2023-12-05 00:00:00

State Minister for Power, Energy and Mineral Resources Nasrul Hamid said that Bangladesh has been focusing on small initiatives such as rooftop solar, floating solar and solar irrigation in promoting renewable energy alongside larger projects, reports UNB."The government sets a...

Dr Mohammad Ashik Mosaddik joins EWU as new pro-VC

2023-12-05 00:00:00

Professor Dr Ashik Mosaddik joined as the new Pro-Vice-Chancellor of the East West University (EWU) on Monday, reports UNB.President Mohammed Shahabuddin, the Chancellor of the University, appointed him for the next four years. Professor Mosaddik previously served as Pro-Vice-Chancellor of...

General SM Shafiuddin Ahmed inaugurating the induction ceremony of UCAV

2023-12-05 00:00:00

Chief of Army Staff General SM Shafiuddin Ahmed inaugurating the induction ceremony of Unmanned Combat Aerial Vehicle (UCAV) at the Aviation Forward Base under the Army Aviation Group at Patenga in Chattogram on Monday — ISPR

‘Investing for children, women can give lifelong returns’

2023-12-05 00:00:00

Fisheries and Livestock Secretary Dr Nahid Rashid on Monday said investing in children and women can give lifelong returns, reports UNB."Previously, there was no mention of 'nutrition' in the National Fisheries Policy, but thanks to Suchana we have now included...

50 structures removed from road leading to tunnel at Anwara end

OUR CORRESPONDENT | 2023-12-05 00:00:00

CHATTOGRAM, Dec 4: A mobile court conducted today an eviction operation, dismantling illegal structures encroaching upon the road leading to the Bangabandhu Sheikh Mujibur Rahman Tunnel in Anwara, Chattogram. Anwara Upazila's Executive Magistrate and Upazila Assistant Commissioner (Land), Abdullah Al-Mumin,...

Home secy, IG prisons offer apology

FE REPORT | 2023-12-05 00:00:00

The security services division secretary of home ministry and the inspector general of prisons have tendered an unconditional apology to the apex court for not complying with its order.Secretary Md Abdullah Al Masud Chowdhury and IG Prisons Brig Gen ASM...

Sharp fall in reg: NBR cuts land tax further

FE REPORT | 2023-12-05 00:00:00

The National Board of Revenue (NBR) has further slashed land tax for peripheral areas following a significant decline of registration due to an escalated tax burden.Tax ceiling on land per katha will be reduced by Tk 30,000, thanks to the...

RPO clause on fresh retirees to run for polls stands: HC

FE REPORT | 2023-12-05 00:00:00

The High Court (HC) has declared valid a provision of the Representation of the People Order (RPO) 1972 related to a retired government service-holder's participation in parliamentary polls.The provision bars a retiree from standing for a general election unless a...

Rizvi, Aman among 45 BNP men indicted in case filed 8 yrs ago

2023-12-05 00:00:00

A Dhaka court has framed charges against 45 leaders and activists of BNP including its Senior Joint Secretary General Ruhul Kabir Rizvi and Dhaka Metropolitan North Convenor Amanullah Aman Amanullah Aman in a sabotage case filed with Mohammadpur thana eight...

AL not worried about voter turnout: Quader

2023-12-05 00:00:00

Awami League (AL) is not worried about voter turnout in the upcoming national elections slated for January 7, party's general secretary Obaidul Quader has said, report agencies."The voters will resist those who will try to obstruct and foil the election,"...

HC to hear Fakhrul's bail petition on Dec 7

FE REPORT | 2023-12-05 00:00:00

The High Court (HC) has set December 7 for hearing the bail petition placed by BNP Secretary General Mirza Fakhrul Islam Alamgir in connection with a case filed over the attack on the residence of the Chief Justice in the...

BNP’s 10th round of blockade from tomorrow

FE REPORT | 2023-12-05 00:00:00

The Bangladesh Nationalist Party (BNP) declared a further 48-hour blockade, scheduled to begin at 6:00 am tomorrow (Wednesday), as part of their one-point demand for the government's resignation.It will be the 10th round of the blockade programme of the opposition...

Death anniv of Shaheed Suhrawardy today

FE DESK | 2023-12-05 00:00:00

The 60th death anniversary of Huseyn Shaheed Suhrawardy, the champion of democracy and one of the greatest leaders of undivided India, will be observed across the country today (Tuesday), The unparalleled leader of all Indian politics died at a Beirut...

Leaders of 14-party alliance led by coordinator Amir Hossain Amu greet Prime Minister Sheikh Hasina

2023-12-05 00:00:00

Leaders of 14-party alliance led by its coordinator Amir Hossain Amu greet Prime Minister Sheikh Hasina with a bouquet before start of the alliance meeting at Ganobhaban in the city on Monday as she received Asia Climate Mobility Champion Leader...

Toyota plans to expand battery EV line-up in Europe to 6 models by 2026

2023-12-05 00:00:00

TOKYO, Dec 4 (Reuters): Toyota Motor (7203.T) said on Monday it would increase its line-up of battery electric vehicles in Europe to six models by 2026 and it expected such vehicles to make up more than 20% of new car...

McDonald's raises China bet, bucking Western firms' derisking trend

2023-12-05 00:00:00

SHANGHAI, Dec 4 (Reuters): The decision by McDonald's (MCD.N) to take greater control of its China business and expand aggressively in the face of a consumer slowdown and geopolitical tensions seems risky - but the potential pay-off is great, analysts...

India's Nifty, Sensex touch new highs on key wins for the BJP

2023-12-05 00:00:00

BENGALURU, Dec 4 (Reuters): Financial and energy stocks led Indian shares to new all-time highs on Monday as key wins for the ruling party in state elections lifted the domestic market, already boosted by strong macroeconomic data and easing global...

Spotify to cut 1,500 jobs

2023-12-05 00:00:00

STOCKHOLM, Dec 4 (Reuters): Music streaming giant Spotify said on Monday that it will lay off around 1,500 employees, or 17 per cent of its workforce, to bring down costs, after letting 600 of its staff go in January, and...

NABI ULLAH ELECTED CHAIRMAN OF MERCANTILE ISLAMI INS

2023-12-05 00:00:00

Mercantile Islami Insurance PLC held the 221st meeting and election of its Board of Directors recently at the Head Office of the company. The meeting unanimously elected Md Nabi Ullah as chairman of the company, re-elected AM Ershad Chowdhury as...