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Diversified jute products fair begins in Narayanganj

2023-10-05 00:00:00

NARAYANGANJ, Oct 03 (BSS): A five-day long diversified jute products fair began in the district town on Tuesday.Director General of the Directorate General of Jute Dr Selina Akter inaugurated the fair at a function held on Narayanganj Town Hall premises.The...

Prime suspect held over attack on poet Radhapada Roy

2023-10-05 00:00:00

KURIGRAM, Oct 04 (UNB): Police arrested the prime suspect over the attack on poet Radhapada Roy from Kurigram twon on Wednesday afternoon.The arrestee is Md Rafiqul Islam (35), son of Mohammad Ali of Kachuapara village in Nageswari upazila, said Kurigram...

Flood likely in five dists as Teesta swells

2023-10-05 00:00:00

LALMONIRHAT, Oct 04 (UNB): Flood is likely to hit Nilphamari, Lalmonirhat, Kurigram, Rangpur and Gaibandha districts as the Teesta river may cross its danger level in 24-48 hours from Wednesday morning due to the onrush of upstream water, said the...

Two siblings burned to death, mother injured in Feni

2023-10-05 00:00:00

FENI, Oct 04 (UNB): Two children died and mother was injured as miscreants set fire to their house while they were asleep in Feni in the early hours of Wednesday.The dead, Rahadul Islam Golap (6) and Maidul Islam Shahadat (13),...

A woman catches baby shrimps using a net in a river adjacent to the Sundarbans in Satkhira district in order to earn a living

2023-10-05 00:00:00

A woman catches baby shrimps using a net in a river adjacent to the Sundarbans in Satkhira district in order to earn a living. About 50,000 people in the coastal area are mostly dependent on fishing activities for their livelihood....

Soy steadies as dollar eases, wheat falls back

2023-10-05 00:00:00

PARIS/CANBERRA, Oct 4 (Reuters): Chicago soybean futures edged up on Wednesday as an easing in the dollar from a 11-month peak helped the oilseed market to steady after a slide linked to supply pressure.Corn inched down, consolidating near a three-week...

Malaysia's end-Sept palm oil stocks seen at 11-month high on rising output

2023-10-05 00:00:00

JAKARTA, Oct 4 (Reuters): Malaysia's palm oil stocks at the end of September likely rose to the highest since October 2022, amid higher output despite increased exports, a Reuters survey showed on Wednesday.Inventories were seen rising for a fifth consecutive...

Ukraine expects 12 more cargo ships at its Black Sea ports

2023-10-05 00:00:00

KYIV, Oct 4 (Reuters): Ukraine's navy said on Wednesday that 12 more cargo vessels were ready to enter a fledgling Black Sea shipping corridor on their way to Ukrainian ports, as Kyiv steps up a push to defy a de...

Gold steady as dollar slips after US jobs data

2023-10-05 00:00:00

Gold held near a seven-month low on Wednesday, while palladium slipped to its weakest level since late 2018, as a sell-off in the US bond markets lifted yields after economic data raised worries that interest rates will likely remain high.Spot...

Oil falls over $2 on demand fears, Saudi confirms cuts to year-end

2023-10-05 00:00:00

LONDON, Oct 4 (Reuters): Oil fell on Wednesday, as pledges by Saudi Arabia and Russia to continue crude output cuts to the end of 2023 were offset by demand fears stemming from macroeconomic headwinds.Brent crude oil futures were down $2.02,...

255th board audit committee meeting of Shahjalal Islami Bank held

2023-10-04 12:00:00

The 255th meeting of the board audit committee of Shahjalal Islami Bank Limited was held recently at the bank's corporate head office. The meeting was presided over by Ekramul Hoque, chairman of board audit committee of the bank. Director Md...

Double trouble for economy

Syed Mansur Hashim | 2023-10-04 12:00:00

Things are looking depressing at the moment as both export and inward remittance take a dip in September. Naturally this will further put pressure on the country's foreign exchange reserve. Merchandise export stood at US$4.78 billion in August which came...

Capital flight, stagflation, and policy dilemma

Abdullah A Dewan and Dewan Tahmid | 2023-10-04 12:00:00

The main news article on September 30 in FE stated: “Inflation in Bangladesh seems inexplicable with prices stubbornly staying manifold over production costs while it eases worldwide, a situation which some economists describe as ‘greedflation’ created by profiteers.” An alternative...

Unequal access to education

2023-10-04 00:00:00

Street children nap on raised wooden structures on a footpath, as another child heads to school. The photo was taken in Laxmi Bazar area of Dhaka on Tuesday. —FE Photo by Shafiqul Alam

Pro-AL teachers form new faction ahead of JU senate polls

JU CORRESPONDENT | 2023-10-04 00:00:00

Pro-Awami League teachers formed a new faction at Jahangirnagar University (JU) called 'Muktijuddher Chetona O Bangabandhur Adarsher Shikkhak Parishad' in anticipation of the upcoming senate teachers' representative election. Professor Dr Md. Motaher Hossain of the Institute of Business Administration (IBA)...

ULF to boycott CJ's felicitation Oct 08

FE REPORT | 2023-10-04 00:00:00

United Lawyers Front (ULF), a platform of anti-government lawyers, on Tuesday said Chief Justice Obaidul Hassan committed an unprecedented event in the Supreme Court's history of 52 years by receiving greetings from the Awami League's student wing.The organisation made the...

Citizens aged 14-18 can open MFS accounts without NID: BB

2023-10-04 00:00:00

Bangladesh Bank (BB) has given an opportunity to the youth aged 14-18 to open mobile financial accounts without National Identity Card (NID), reports UNB.The Department of Payment Systems of the central bank issued a circular in this regard on Tuesday...

Construction work to begin this year after a long hiatus

NAZIMUDDIN SHYAMOL | 2023-10-04 00:00:00

CHATTOGRAM, Oct 03: Construction work of the new Nagar Bhaban of Chattogram City Corporation (CCC) is set to begin within the current year after long 13 years of laying its foundation stone. The 20-storey Nagar Bhaban (City Building) of the...

Dengue claims 13 more lives, 2799 hospitalized

FE REPORT | 2023-10-04 00:00:00

Dengue claimed 13 more lives in the past 24 hours, including seven from Dhaka, bringing the total fatalities to 1030, said Directorate General of Health Services (DGHS) on Tuesday. Of the total deaths, 662 were from Dhaka city. The fatalities...

Arson violence won't be allowed before national polls: PM

2023-10-04 00:00:00

LONDON, Oct 3 (UNB): Prime Minister Sheikh Hasina has warned that her government won't tolerate any arson and atrocities, in the name of movement, before the next national election."There will be no scope left to spare if arson terrorism or...

President urges businessmen to forge resistance against graft, misdeeds

2023-10-04 00:00:00

President Mohammed Shahabuddin on Tuesday urged business leaders and entrepreneurs to build strong resistance against corruption and misdeeds as he addressed the industrial award-giving ceremony at the Osmani Memorial Auditorium in the city, reports BSS."You (businessmen) have to fight against...

Key poultry feed ingredient gets yet more tax waiver

FE REPORT | 2023-10-04 00:00:00

The National Board of Revenue (NBR) has offered yet another tax benefit on import of a key poultry feed ingredient to keep prices of broiler chicken and eggs affordable in the local market.The customs wing of the board issued a...

Mineral water, beverage producers in crosshairs of price manipulation probe

YASIR WARDAD | 2023-10-04 00:00:00

The authorities have initiated a probe after mineral water and beverage manufacturers raised product prices afresh a couple of months ago despite the items witnessing price surges last year.Market monitoring agencies convened on Tuesday to examine the justification behind the...

Briefing 2023-10-04

2023-10-04 00:00:00

Prayer Timings (2023-10-04)

2023-10-04 00:00:00

Saudi cos eye 1000mw solar energy deal, refinery investment

FE REPORT | 2023-10-04 00:00:00

Saudi energy-giant ACWA Power intends to invest in a 1000-megawatt solar- energy project in Bangladesh while another company of the oil-rich country plans investment in petroleum refinery. Saudi Ambassador in Dhaka Issa bin Youssef Al-Dahilan Tuesday spoke about these and...

ACC sumons Dr. Yunus, 12 others

FE REPORT | 2023-10-04 00:00:00

The Anti-Corruption Commission (ACC) has summoned Noble Laureate Dr. Muhammad Yunus and 12 others to appear before it to face questioning in a case filed by the anti-graft body on charge of embezzling and laundering TK 252.2 million from the...

Economic growth may fall to 5.6pc in FY ’24

FE REPORT | 2023-10-04 00:00:00

Economic advances in Bangladesh may decelerate as the World Bank lowers the country's growth forecast by 0.60- percentage points to 5.6 per cent for this fiscal amid blowing headwinds. Sluggish consumption and private investment -- amid high inflation and belt-tightening...

Private sector credit growth falls further to 9.75pc in August

JUBAIR HASAN | 2023-10-04 00:00:00

Amid the central bank's belt-tightening, private-sector credit growth continued to plummet in August, falling to its lowest level since October 2021. The decline is attributed to banks becoming more cautious and private borrowers losing credit appetite in the lead-up to...

Inflation inches down to 9.63pc in Sept

FE REPORT | 2023-10-04 00:00:00

National-level overall inflation stood at 9.63 per cent in September in a fall by 0.29-percentage points from August as per official statistics released Tuesday. However, average inflation stayed elevated at 9.29 per cent in September, with a little upturn amid...