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News in Brief-(2024-04-06)

2024-04-06 00:00:00

Teen hospitalised after savage attack in FranceÉVRY, Apr 05: A 15-year-old teenager has been badly beaten in a town south of Paris and rushed to hospital following a cardiac arrest, in the latest incident of school violence in France. Thursday's...

Iceland's PM resigns, will run for president

2024-04-06 00:00:00

COPENHAGEN, Apr 05 (Reuters): Icelandic Prime Minister Katrin Jakobsdottir announced on Friday that she will resign from her post and run for president, public broadcaster RUV and daily Morgunbladid reported.It was not immediately clear who would succeed Jakobsdottir as prime...

Taiwan rescuers face threat of landslides

2024-04-06 00:00:00

HUALIEN, Taiwan, Apr 05 (Reuters): Rescuers in Taiwan faced the threat of further landslides and rockfalls in Friday's search for a dozen people still missing from this week's earthquake, as the death toll rose to 12 while some of those...

Scientists investigate thousands of dead Antarctic penguins for bird flu

2024-04-06 00:00:00

Canberra, Apr 05 (Reuters): Has bird flu already killed hundreds, if not thousands of penguins in Antarctica?That's what researchers are seeking to find out after a scientific expedition last month found at least 532 dead Adelie penguins, with thousands more...

Myanmar’s worst violence since military takeover is intensifying the crisis: UN

2024-04-06 00:00:00

UNITED NATIONS, Apr 05 (Agencies): Myanmar's escalating conflict and worst violence since the military takeover in 2021 are having a devastating impact on human rights, fundamental freedoms and basic needs of millions of people - as well as "alarming spillover...

India’s Congress pledges to step up affirmative action if voted back to power

2024-04-06 00:00:00

NEW DELHI, Apr 05 (Reuters): India's opposition Congress party promised on Friday to lift a cap on affirmative action for marginalised castes if it wins power, although Prime Minister Narendra Modi is expected to sweep back to office in elections...

Protect civilians in Gaza or US policy will change

2024-04-06 00:00:00

WASHINGTON, Apr 05 (Agencies): US President Joe Biden warned Israel of a sharp shift in his policy over the Gaza war Thursday amid growing frustration with Benjamin Netanyahu and mounting domestic pressure in a US election year.A tense phone call...

Maximising profit from metro rail

2024-04-06 00:00:00

The government is poised to diversify income sources and increase earnings beyond ticket sales as the country's metro train network grows. Although tickets continue to be the primary source of money, several creative approaches can generate additional revenue and guarantee...

Public holiday and Eid exodus

Tanim Asjad | 2024-04-06 00:00:00

As the Eid-ul-Fitr draws near, the country is also gearing up for an extended public holiday to celebrate the most significant religious and national festival. This year, the Eid holiday will merge with another national festival, Pahela Boishakh, the first...

Will government make use of local coal reserve?

Syed Mansur Hashim | 2024-04-06 00:00:00

At a time when power and energy prices are soaring in Bangladesh, the old issue of developing its proven domestic coal reserves comes to the fore. For over 15 years, energy planners in Bangladesh have dabbled with import-only fossil fuels...

Harnessing Old Dhaka's business potential

2024-04-06 00:00:00

Narrow passages filled with traffic of pedalled rickshaws, pushcarts and modern high speed motorised vehicles in a mad race to overtake one another in the old part of the city called Old Dhaka is a fraught spectacle to watch day...

Reconceptualising economics

Helal Uddin Ahmed | 2024-04-06 00:00:00

The global financial crisis of 2007-08 had shattered the intellectual consensus of economists that prevailed after the Cold War, and since then, they have failed to correctly predict repeated shocks across a number of years. Besides, economists have failed to...

Traffic came to a standstill on Mirpur Road

2024-04-05 00:00:00

Traffic came to a standstill on Mirpur Road in Dhaka on Thursday as Eid shoppers crowded the area around New Market, Gausia and Chandni Chowk Market. — FE Photo

Rescuers search for people out of contact in Taiwan after strong earthquake

2024-04-05 00:00:00

HUALIEN, (Taiwan), Apr 04 (AP): Rescuers searched Thursday for dozens of people still out of contact a day after Taiwan's strongest earthquake in a quarter century damaged buildings, caused multiple rockslides and killed nine people.In the eastern coastal city of...

Two Nagad employees shot, Tk 6.0m looted in Narsingdi

2024-04-05 00:00:00

NARSINGDI, Apr 4 (UNB): In a daring daylight heist, two employees of Nagad became victims of an armed robbery in Hasnabad, Raipura upazila of Narsingdi district, resulting in the looting of Tk 6.0 million (60 lakh).The victims, identified as Delwar...

Adam Tamizi out of jail on HC bail

FE REPORT | 2024-04-05 00:00:00

The Managing Director of Haque Group Adam Tamizi Haque was released from Dhaka Central Jail in Keraniganj on Thursday afternoon following a bail order issued by the High Court in a Cyber Security Act (CSA) case. Tamizi Haque's lawyer Barrister...

BDBL to merge with Sonali, BKB with RAKUB

2024-04-05 00:00:00

State-run Bangladesh Development Bank Limited (BDBL) is set to merge with Sonali Bank, while Rajshahi Krishi Unnayan Bank (RAKUB) will be taken over by Bangladesh Krishi Bank (BKB) as part of disciplining the banking sector, reports UNB.The move follows the...

ICT industry leaders urge for extension of tax exemption until 2031

FE REPORT | 2024-04-05 00:00:00

Leaders representing various ICT industry associations have demanded the extension of the current tax exemption for the sector for the next seven years until 2031, with the aim of implementing the government's vision of a Smart Bangladesh.Urging the government to...

Meat, fish up; onion, vegetable down

FE REPORT | 2024-04-05 00:00:00

The prices of all kinds of meat and fish witnessed a further hike last week just a few days ahead of the Eid-ul-Fitr festival.Beef, cultured fish, hilsa and other riverine fish, broiler chicken and kok or Sonali chicken saw a...

Trade barriers hinder job creation despite high growth

FE REPORT | 2024-04-05 00:00:00

Economists have pointed to a mismatch between Bangladesh's economic growth rate and job creation, calling it a "puzzle", as they argued high trade barriers are choking growth and employment opportunities in the country.At a seminar held in Dhaka on Thursday,...

Briefing 2024-04-05

2024-04-05 00:00:00

Sehri, Iftar & Prayer Timings (2024-04-05)

2024-04-05 00:00:00

Abducted Sonali Bank manager rescued in Bandarban

2024-04-05 00:00:00

The abducted manager of Sonali Bank's Ruma branch in Bandarban was rescued through mediation of the Rapid Action Battalion on Thursday, reports UNB.The bank manager, Nizam Uddin, was rescued on Thursday, confirmed ASP Imran Khan of RAB headquarters media wing.Earlier...

Eid journeys and Kamalapur Railway Station

2024-04-05 00:00:00

Dhaka residents have begun their journeys to celebrate Eid-ul-Fitr with loved ones in their villages. For many, trains are a favoured mode of transport for Eid journeys and Kamalapur Railway Station was busy on Thursday as people looked to return...

15pc VAT on Metro Rail ticket prices from July 1

FE REPORT | 2024-04-05 00:00:00

Metro Rail passengers will have to count 15 per cent VAT on their fare starting from July 1, 2024.The National Board of Revenue (NBR) will impose the VAT as the VAT exemption period on MRT tickets will expire on June...

Offering support for acquisitions, BB announces first bank merger policy

FE REPORT | 2024-04-05 00:00:00

The Bangladesh Bank (BB) has issued its first-ever bank merger policy, outlining both voluntary or agreed mergers and forced mergers.For banks that agree to merge voluntarily, the central bank and the government will provide policy support to the acquiring bank,...

New budget cautiously follows global, local economic realities

FE REPORT | 2024-04-05 00:00:00

Bangladesh's new budget will cautiously follow global and local economic realities with focus on containing inflation and supply- chain management for sustaining fiscal growth.Implementation of 'Smart Bangladesh' concept will be the thrust in undertaking fiscal and taxation measures. Such views...

Megaprojects new means of capital formation, fund flight

FE REPORT | 2024-04-05 00:00:00

Foreign-funded megaprojects emerge as a new tool for capital formation and its flight overseas, a policy think-tank Thursday presented such a view in the context of Bangladesh's external debt buildup.Noted economists at a dialogue arranged by the Centre for Policy...

Weather (2024-04-05)

2024-04-05 00:00:00

Rain/thunder showers accompanied by temporary gusty/squally wind is likely to occur at one or two places over Sylhet division with hails at isolated places until 06:00 pm today (Friday), according to the Met Office.Weather may remain mainly dry with temporary...

Covered van crushes BRT worker to death in Gazipur-

2024-04-05 00:00:00

A BRT worker was killed after being struck by a covered van on the Dhaka-Mymensingh highway in Gazipur, report agencies.The accident occurred at Joydebpur's Jagrata Chowrangi area around midnight on Thursday.The dead is Lablu Mia (28).Matiuzzaman, sub-inspector of Bason thana,...