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Briefing 2024-02-04

2024-02-04 00:00:00

Negative equity, down 18pc since 2020, still weighs heavily on marketThe outstanding negative equity against margin loans taken for investments in the country's capital market fell more than 18 per cent to Tk 66.3 billion between December 2020 and September...

Govt permits potato import again

FE REPORT | 2024-02-04 00:00:00

The government has once again allowed import of potatoes to regain control over the volatile market. Over the past three days, more than 60 importers were granted permission by the agriculture ministry to bring in 94,000 tonnes of potatoes.Under the...

Money supply squeezes, inflation stays stubborn

JASIM UDDIN HAROON | 2024-02-04 00:00:00

Reserve money with Bangladesh Bank squeezes with a negative growth by 2.0 per cent to Tk 3.7 trillion last December for inflation-control monetary measures that, seemingly, worked little so far.In a two-pronged inflation battle, launched at government's bidding amid price...

Dry weather likely today----------------

2024-02-04 00:00:00

Weather may remain mainly dry with temporary partly cloudy sky over the country in the next 24 hours from 06:00 am today (Sunday), according to the Met Office. Moderate to thick fog may occur over the river basins of the...

News in Brief (2024-02-04)

2024-02-04 00:00:00

Man held with 3.49 kg gold at Dhaka airportCustoms Intelligence and Investigation Directorate (CIID) detained a man along with 3.498 kg of gold from Shahjalal International Airport on Friday night. The detainee was identified as M Masud Imam. Farhana Begum,...

Dr Junaid Kamal Ahmad, member of the Board of Trustees at North South University (NSU) and

2024-02-04 00:00:00

Dr Junaid Kamal Ahmad, member of the Board of Trustees at North South University (NSU) and Vice President, of the World Bank, Mrs Yasmin Kamal, member of the NSU Board of Trustees, Anisul Hoque, writer and Managing Editor of Prothom...

Students of Saint Joseph Higher Secondary School display their projects on 'Multipurpose Home

2024-02-04 00:00:00

Students of Saint Joseph Higher Secondary School display their projects on 'Multipurpose Home Appliance Circuit and Electric Shock Proof System at the Science and Industry Technology Fair- 2024 at Dhanmondi in the city on Saturday. Bangladesh Council of Scientific and...

Strong tobacco control law a must to prevent cancer

2024-02-04 00:00:00

Strong Tobacco Control Law is a must to prevent cancer as tobacco smoke contains approximately 7000 of chemical substances, among which 70 are known to cause or promote cancer.Research and advocacy organisation PROGGA (Knowledge for Progress) said this on Saturday...

BD reports 25 more Covid cases in 24 hrs

2024-02-04 00:00:00

Bangladesh reported 25 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 2,047,258, according to the Directorate General of Health Services (DGHS).The official death toll from the disease...

Environment, Forest and Climate Change Minister Saber Hossain Chowdhury addressing a reception

2024-02-04 00:00:00

Environment, Forest and Climate Change Minister Saber Hossain Chowdhury addressing a reception accorded to Dr Mohammad Mazharul Islam, senior researcher of the Chemistry Department of the University of Cardiff, UK, for achieving an international award. Bangladesh Foundation for Development Research...

Dhaka's air most polluted in the world -------

2024-02-04 00:00:00

Dhaka, the overcrowded capital of Bangladesh, has once again topped the list of cities worldwide with the worst air quality with an AQI score of 274 at 09:06 am on Saturday, reports UNB.Dhaka's air was classified as 'very unhealthy', according...

Docs' assailants to face action, says minister

FE REPORT | 2024-02-04 00:00:00

Health minister Samanta Lal Sen has cautioned that the people responsible for undue assaults on physicians will have to face legal action."If doctors are assaulted unduly, the attackers will be brought under legal action and their punishment be ensured," he...

Fire in BIWTA's warehouse in N'ganj under control

2024-02-04 00:00:00

A fire that broke out in a warehouse of plastic pipe and rubber of Bangladesh Inland Water Transport Authority (BIWTA) in Narayanganj city on Saturday noon was brought under control after around four hours, reports UNB.Tanha bin Zasim, station officer...

Children along with their guardians enjoying the performance of Sisimpur puppet show at 'Amar

2024-02-04 00:00:00

Children along with their guardians enjoying the performance of Sisimpur puppet show at 'Amar Ekushey Book Fair' at Suhrawardy Udyan in the city on Saturday — FE photo

Jatiya Party Chairman GM Quader speaking at a reception programme

2024-02-04 00:00:00

Jatiya Party Chairman GM Quader speaking at a reception programme for his being elected Leader of the Opposition in Parliament, organised by Dhaka City North Jatiya Party at the party's Banani office in the city on Saturday — Focus Bangla

BNP wants political gain from public sufferings, says Nasim

2024-02-04 00:00:00

Awami League (AL) Joint General Secretary AFM Bahauddin Nasim on Saturday said BNP wants to gain political interest capitalising on pubic sufferings, reports BSS.Nasim was speaking at a programme on the occasion of winter-clothe distribution in the city's Motijheel area...

Youth's body cut into nine pieces recovered

2024-02-04 00:00:00

KUSHTIA, Feb 03 (UNB): Police recovered the dismembered body of a youth, who went missing on Wednesday morning, from a char of the Padma River in Sadar upazila of Kushtia early Saturday.Police said they arrested five people including a former...

BNP to announce fresh anti-govt programme soon

FE REPORT | 2024-02-04 00:00:00

The Bangladesh Nationalist Party (BNP) said on Saturday that they will soon announce a new programme to topple the government for holding a free and fair election under a neutral caretaker government."Anti-government programme will be announced for bringing back the...

Jhalakathi Krishok League pays homage to Bangabandhu

2024-02-04 00:00:00

TUNGIPARA, Gopal-ganj, Feb 03 (BSS): Jhalakathi District Krishok League on Saturday paid rich tributes to Father of the Nation Bangabandhu Sheikh Mujibur Rahman by placing a wreath at his mausoleum at Tungipara in Gopalganj.Leaders of Jhalakathi District Krishok League led...

EU keen to strengthen partnership with BD

2024-02-04 00:00:00

The European Union (EU) wants to strengthen partnership with Bangladesh in the coming days "We reconfirmed mutual interest on strengthening EU-Bangladesh cooperation on disaster preparedness and discussed the need to reinforce humanitarian response to Rohingya refugees and the people of...

Gaza genocide and the ICJ

Muhammad Mahmood | 2024-02-04 00:00:00

The October 7 attack of the Palestinian Resistance Movement Hamas on Israel was not surprising as reflected in UN Secretary General Antonio Guterres' comment that it "did not happen in vacuum." However, the scope and the nature of the attack...

Untapped potential of blue economy

2024-02-04 00:00:00

The concept of the 'Blue Economy', though echoed profusely since the early years of this century, didn't gain momentum in Bangladesh until 2012 when Bangladesh settled the maritime boundary delimitation with Myanmar. With technological development and innovations, countries across the...

Sorry state of community clinics

2024-02-04 00:00:00

The much-appreciated community clinic project was initiated by Prime Minister Sheikh Hasina in 1996 to ensure healthcare facilities for all and provide healthcare directly to people at the grassroots level. Under this initiative, the government so far established around 17,000...

Rekindling the spirit of Ekushey

Atiqul Kabir Tuhin | 2024-02-04 00:00:00

The month-long Amar Ekushey Boi Mela 2024 - the landmark event of the Ekushey observances - was ceremoniously inaugurated on the Bangla Academy premises by Prime Minister Sheikh Hasina last Thursday. Book fairs are held in many countries with little...

Detecting the round-tripping of FDI in Bangladesh

Asjadul Kibria | 2024-02-04 00:00:00

As capital flight from Bangladesh has long been a reality, so has also been talk of bringing back or recovering the siphoned-off money, especially in the last couple of years. The feasibility of recovery is, however, remains a moot question...

No alternative to raising Tax-GDP ratio

2024-02-04 00:00:00

The additional efforts that the National Board of Revenue (NBR) has been putting in to raise income tax revenues in recent years have started paying dividend albeit to a nominal extent. According to a report published in this newspaper, in...

ONE Bank PLC has signed an agreement with Bangladesh Economic Zones Authority (BEZA) for

2024-02-04 00:00:00

ONE BANK SIGNS AGREEMENT WITH BEZAONE Bank PLC has signed an agreement with Bangladesh Economic Zones Authority (BEZA) for relocation of its existing branch at the Admin Building at Bangabandhu Sheikh Mujib Shilpa Nagar in Mirsarai, Chattogram. Managing Director of...

Walmart to open more than 150 stores in US

2024-02-04 00:00:00

Walmart said on Wednesday it was planning to open more than 150 stores over the next five years, as it invests heavily in its operations to stay competitive in a fast-changing retail landscape, reports Reuters.The company said in October it...

State Bank of India sees 35pc drop in net profit

2024-02-04 00:00:00

MUMBAI, Feb 3 (Reuters): State Bank of India (SBI) the country's largest lender, on Saturday reported an unexpectedly steep 35 per cent drop in net profit for the October-December quarter, weighed down by higher pension costs and wage revisions.Net profit...

The Annual Business Conference-2024 of Shimanto Bank was held at its Head Office recently.

2024-02-04 00:00:00

SHIMANTO BANK HOLDS ANNUAL BUSINESS CONFERENCEThe Annual Business Conference-2024 of Shimanto Bank was held at its Head Office recently. Rafiqul Islam, Managing Director & CEO of the bank, was present as the chief guest. The managers of Branches & Sub-Branches,...