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Early October rains add to kitchen market woes

FE REPORT | 2023-10-11 00:00:00

Incessant rains across the country in early October have led to further increases in the prices of summer vegetables. Besides, eggs, potatoes and onions -- which were already in the spotlight -- saw further hikes, putting additional strain on people...

Briefing 2023-10-11

2023-10-11 00:00:00

Prayer Timings (2023-10-11)

2023-10-11 00:00:00

Today's match (2023-10-11)

2023-10-11 00:00:00

Total siege of Gaza 'prohibited' under int'l law: UN

2023-10-11 00:00:00

GENEVA, Oct 10 (Agencies): Israel's total siege of the Gaza Strip, depriving civilians of goods essential for survival, is banned under international law, the United Nations human rights chief said on Tuesday.Volker Turk called for all sides instead to defuse...

Govt seeks $320m NDB loan to expand water coverage, cut losses

MIR MOSTAFIZUR RAHAMAN | 2023-10-11 00:00:00

The government has sought a $320-million loan from the New Development Bank (NDB), the lending arm of the BRICS, to finance a project aimed at expanding water-supply coverage and reducing system losses of the Dhaka Water Supply and Sewerage Authority...

Govt securities become hotcakes on rate rises

JUBAIR HASAN | 2023-10-11 00:00:00

Rate rise now makes government securities lucrative investment instruments and economists think sure-fire windfalls from the secure treasuries may redirect investors from bourses and banks. Banks themselves and individuals, lured by higher gains, have already begun making beeline to put...

PM opens Dhaka-Bhanga rail link

2023-10-11 00:00:00

MUNSHIGANJ, Oct 10 (UNB): Prime Minister Sheikh Hasina on Tuesday opened the Dhaka-Bhanga railway line, a part of which runs over Padma Bridge, in laying another milestone in the country's infrastructure development.The opening of the 82-kilometre railway track from Dhaka...

IMF trims BD growth forecast to 6.0pc

FE REPORT | 2023-10-11 00:00:00

Bangladesh may see its economic growth decelerate to 6.0 per cent in the current fiscal as per a revised IMF forecast prompted by few more macroeconomic adversities it finds. The International Monetary Fund (IMF) cites volatile in macroeconomic situation over...

Weather (2023-10-11)

2023-10-11 00:00:00

Light to moderate rain/thunder showers accompanied by temporary gusty wind is likely to occur at a few places over Rangpur, Mymensingh and Sylhet divisions in the next 24 hours from 06:00 am today (Wednesday), according to the Met Office.It may...

JU observes World Mental Health Day

JU CORRESPONDENT | 2023-10-11 00:00:00

Marking the World Mental Health Day, Jahangirnagar University (JU) organized an awareness rally and seminar with the slogan 'Mental Health is a Universal Human Right' on Tuesday. The rally began from the new administrative building of the university. Later, a...

RMG workers block Dhaka-M'singh highway demanding dues

2023-10-11 00:00:00

GAZIPUR, Sept 10 (UNB): Vehicular movement on the Dhaka-Mymensingh highway remained suspended for an hour on Tuesday as the workers of two readymade garment factories put up barricades demanding payment of their dues. Quoting workers, Abu Bakar Siddique, officer-in-charge of...

Worker's body recovered from Karnaphuli river

2023-10-11 00:00:00

CHATTOGRAM, Oct 10 (UNB): A 23-year-old worker was allegedly killed and thrown into the Karnaphuli River in Chattogram on charge of stealing goods from a cargo lighter vessel early Tuesday.The deceased was identified as Fazlul Karim Shakil, 23, son of...

US Dy Assistant Secy Afreen due next week

2023-10-11 00:00:00

US Deputy Assistant Secretary in the Bureau of South and Central Asian Affairs (SCA) Afreen Akhter is likely to visit Bangladesh next week to discuss issues of mutual interest, reports UNB.The visit may take place on October 15-18, a diplomatic...

Nat'l Committee demands fare reduction by 40pc

2023-10-11 00:00:00

The National Committee to Protect Shipping, Roads and Railways on Tuesday said that the opening of train service from Dhaka to Bhanga in Faridpur via Padma Bridge was a breakthrough in the rail communication sector, reports UNB. The organisation, however,...

UGC for issuing ordinance on uniform university entry test

FE REPORT | 2023-10-11 00:00:00

The Bangladesh University Grants Commission (UGC) has recommended issuing an ordinance to introduce the mass-hyped uniform admission test in all public universities from the next 2023-2024 academic year.The President of the country, who is also the chancellor of the universities,...

US pre-election monitoring panel holds talks with EC

2023-10-11 00:00:00

Meeting focuses on prospects of conducting 'free, fair, participatory' elections: CEC The Election Commission has outlined its strategy to ensure a fair and free 12th national election during a meeting with the visiting United States pre-election observation mission, according to...

Hasan Mahmud prays for Khaleda Zia's recovery

2023-10-11 00:00:00

Awami League Joint General Secretary Hasan Mahmud on Tuesday said he prays so that BNP Chairperson Khaleda Zia recovers fast and returns home, reports UNB. "I pray to the Almighty that Begum Zia recovers quickly and returns home as before,"...

Quader's 'uranium' comment a threat to kill BNP leaders, says Mirza Abbas

2023-10-11 00:00:00

Slamming Awami League General Secretary Obaidul Quader for his statement threatening to pour uranium on the heads of opposition leaders, BNP standing committee member Mirza Abbas on Tuesday said it was a threat to kill the senior BNP leaders, reports...

Hong Kong stocks close higher

2023-10-11 00:00:00

HONG KONG, Oct 10 (AFP): Hong Kong stocks finished with more gains Tuesday, tracking a rally on Wall Street as traders welcomed dovish comments from Federal Reserve officials that fuelled hopes the bank will not lift interest rates again this...

Investors on guard for oil price spike amid Middle East turmoil

2023-10-11 00:00:00

Fears of a widening conflict in the Middle East are threatening more volatility for investors after a painful stretch in US markets, reports Reuters.Israel's troops were battling on Monday to clear out Hamas gunmen more than two days after they...

Bank of England piles pressure on money market funds to bolster liquidity

2023-10-11 00:00:00

LONDON, Oct 10 (Reuters): The Bank of England said on Tuesday that money market funds should hold "significantly" higher amounts of liquid assets to cope with market volatility after the sector struggled with a "dash for cash" during the COVID-19...

Foreign outflows rock Asian equities in September amid rate concerns

2023-10-11 00:00:00

Asian equities suffered massive foreign outflows in September, hit by worries about interest rates remaining higher for a prolonged period in the United States and a surge in Treasury yields, reports Reuters.Data from stock exchanges in Taiwan, India, South Korea,...

Renewables funds see record outflows as rising rates, costs hit shares

2023-10-11 00:00:00

BENGALURU/LONDON, Oct 10 (Reuters): Investors ditched renewable energy funds at the fastest rate on record in the three months to end-September as cleaner energy shares took a beating from higher interest rates and soaring material costs, which are squeezing profit...

Life and health insurance for ultra-poor households

2023-10-11 00:00:00

Pragati Life Insurance Limited and the Ultra-Poor Graduation Programme (UPG) of BRAC have signed a MoU to jointly introduce a life and health insurance product for ultra-poor households. The agreement was signed by Md. Jalalul Azim, Chief Executive Officer of...

BREB subscribers can now pay bill thru' Nagad

2023-10-11 00:00:00

Rural people can now easily pay postpaid bills of Bangladesh Rural Electrification Board (BREB) through Nagad app.To this end, the country's leading mobile financial service provider signed an agreement with the BREB at a hotel in Dhaka on Monday, says...

SPECIAL BLACK EDITION OF SONALIKA TRACTOR LAUNCHED

2023-10-11 00:00:00

To celebrate the milestone of 25,000 agricultural entrepreneurs, ACI Motors launched the Special Black Edition of Sonalika Tractor at a hotel in Cox's Bazar recently. Dr. FH Ansarey, Managing Director of ACI Motors, Subrata Ranjan Das, Executive Director, and other...

UNION BANK WORKSHOP ON FINANCIAL REPORTING ACT

2023-10-11 00:00:00

Union Bank Training Institute organised a workshop on 'Financial Reporting Act, 2015' recently. Deputy Managing Director of the bank Shafiuddin Ahmed was present at the inaugural session as the chief guest while Deputy Secretary of Ministry of Finance Md Jehad...

BRAC BANK SIGNS AGREEMENT WITH UNILEVER

2023-10-11 00:00:00

BRAC Bank has signed an Employee Banking agreement with Unilever Bangladesh Limited (UBL) and Unilever Consumer Care Limited (UCL). Under this agreement, employees of Unilever are set to enjoy a seamless and delightful banking experience, including salary accounts, multi-currency debit...

Bangladesh Bank signs participatory agreement with banks

2023-10-11 00:00:00