The iron rod on top of the Rath (chariot) may have come into contact with an 11000-volt electric wire as the procession moved towards the Shib temple in the Latifpur area, stated Nesco's executive engineer, report agencies. Abdul Mannaf, the...
FE REPORT | 2024-07-09 00:00:00
Passenger rush for metro rail in Dhaka's lone corridor from Motijheel to Uttara has increased as students' blockade brought traffic to a standstill on Monday.For lack of traffic mobility, thousands living around the 20.1-kilomete corridor or not chose the MRT...
YASIR WARDAD | 2024-07-09 00:00:00
Onion price continues to rise as the spice hit Tk 120 a kilogram on Monday, marking a hike of Tk 10 per kg just in a day and Tk 20-25 in a week.Rain-induced supply crunch, lower imports and mismatch in...
FE REPORT | 2024-07-09 00:00:00
A Dhaka court has imposed a travel ban on Customs, Excise and VAT Commissioner Moham-mad Enamul Haque amid widespread corruption allegations.Dhaka Sessions Judge Mohammad As-Shams Jaglul Hossain issued the order on Monday following a petition by the Anti-Corruption Commission (ACC).On...
FE REPORT | 2024-07-09 00:00:00
The Criminal Investigation Department (CID) detained on Monday 17 people for their alleged involvement in leaking out questions for recruitment exams held by the Public Service Commission (PSC), including the Bangladesh Civil Service (BCS) exams.The arrestees are: PSC chairmen's former...
Floodwater triggered by heavy rainfall and onrush of water from upstream regions engulfed a large swaths of northern and northeastern districts creating havoc for the people livening in low-lying areas.Although flood situation is improving slightly, people in flood-hit region are...
BNP Chairperson Khaleda Zia was admitted to Evercare Hospital in the capital again early Monday."Madame was taken to the hospital as she felt unwell," said Khaleda's personal physician Professor AZM Zahid Hossain, , reports UNB.He said the BNP chief was...
The Anti-Corruption Commission, or ACC, has taken over four flats owned by Benazir Ahmed's family in Dhaka's Gulshan as the former inspector general of police faces graft investigation.A team led by Manjur Morshed, the ACC director of asset management, made...
FHM HUMAYAN KABIR | 2024-07-09 00:00:00
Bangladesh's low-income earners face a painful erosion of their wages due to high inflation, despite some month-on-month income growth over the past year. Analysts say this has left many struggling financially.Real wages decreased by 1.99 percentage points in the just-ended...
FE REPORT | 2024-07-09 00:00:00
A nationwide gas shortage is causing frequent power cuts as around three dozen gas-fired power plants are currently out of operation for a lack of input.Power outages are worst in rural areas, while urban areas are experiencing increased load shedding.Officials...
FE REPORT | 2024-07-09 00:00:00
The Anti-Corruption Commission (ACC) on Monday requested detailed information from the central bank regarding the alleged Tk 33-billion loan fraud of Islami Bank in 2022, according to sources.In response to the allegation, the national anti-graft watchdog formed a three-member committee...
FE REPORT | 2024-07-09 00:00:00
The central bank issued an exit policy for the struggling borrowers who now can avail the facility by paying 10-percent down payment of their outstanding loans.Unlike the loan-rescheduling facility, the loan status of borrowers will not change until the entire...
FE REPORT | 2024-07-09 00:00:00
All roads to central Dhaka were besieged in late afternoon Monday as an all-out anti-quota movement by students crippled countrywide communications, spot reports said. As unrest reigned on roads and rails and university campuses, five ministers and state ministers sat...
BEIJING, Jul 8 (UNB): Prime Minister Sheikh Hasina on Monday reached Beijing to start a four-day official visit to China at the invitation of her Chinese counterpart Li Qiang. A special flight of Biman Bangladesh Airlines, that left Hazrat Shahjalal...
SYFUL ISLAM | 2024-07-09 00:00:00
Hefty interest payments on growing debts prompt the government to go for fundraising with Sukuk worth Tk 50 billion to supplement traditional bonds that are getting costlier by the day for high yields, sources say. Interest rates on conventional bonds...
TOKYO, July 08 (Reuters): The Bank of Japan said wage hikes were broadening across the economy due to tight labour market conditions, signalling its confidence the country was making progress toward durably achieving its 2 per cent inflation target.The optimistic...
NEW YORK, July 08 (Reuters): Exxon Mobil said on Monday lower natural gas prices and refining margins are expected to hit the oil major's second-quarter earnings.The oil major would be reporting its first earnings after closing the acquisition of Pioneer...
Asadul Haque Sufyani has joined Metrocem Cement Ltd as its Chief Business Officer recently. Managing Director of the company Md Shahidullah, accompanied by the Board of Directors and top management, welcomed him at the corporate office. Previously, Mr. Sufyani has...
A 16-day course on the 'Advanced Course on Credit Operation & Risk Management in Banks' (2nd Batch), organised by National Bank Training Institute (NBTI), was inaugurated at the institute on Sunday. Some 45 officers from different branches of National Bank...
ONE Bank PLC arranged a fire drill at its Corporate Headquarters in collaboration with the Fire Service & Civil Defence Authority recently. All employees have been trained in all types of fire fighting techniques in the fire drill to comply...
Meghna Bank celebrated the success of its half yearly (January-June 2024) closing with a cake-cutting ceremony at its Head Office in Dhaka recently. The bank achieved significant growth in deposit and in other parameters during this period. HN Ashequr Rahman,...
The Financial Integrity and Customer Services Department (FICSD) of Bangladesh Bank in association with Dhaka Bank PLC has organised Customer Awareness Week-2024 in Khulna division for raising banking awareness among customers. S M Hasan Reza, Executive Director, Bangladesh Bank (Khulna...
MUMBAI, July 08 (Reuters): The first budget by Prime Minister Narendra Modi's new government may tilt towards, but not pivot to welfare spending, with a focus on rural economy and job creation, economists at Goldman Sachs said in a note...
DUBAI, July 8 (Reuters): The number of homes worth $10 million or more that were sold in Dubai held steady in the first half of the year despite a drop in listings, an industry report showed on Monday, as demand...
NEW YORK, July 8 (Reuters): With doubts growing about whether President Joe Biden will remain a candidate for re-election in 2024, some investors are preparing to game out potential economic scenarios and trades if a stronger Democratic candidate emerges.Bond yields...
MTB Foundation, as part of its project titled 'Promoting the Life of People by Providing Artificial Limbs and Assistive Devices', recently distributed assistive devices and artificial limbs to persons with disabilities in partnership with the Centre for Disability in Development...
The Premier Bank PLC held its half-yearly conference recently at a city hotel to review the business performance of the first six months of 2024. Heroic Freedom Fighter Dr HBM Iqbal, chairman, board of directors, joined the occasion as the...
Modhumoti Bank PLC has inaugurated a cash recycler machine (CRM) at Gulshan branch in Dhaka. Mr Humayun Kabir, chairman of the bank's board of directors, inaugurated the CRM on Monday. Md Shafiul Azam, managing director and chief executive officer, Shahnawaj...
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