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Chimneys of brick kilns dot the landscape

2023-09-25 00:00:00

Chimneys of brick kilns dot the landscape in South Keraniganj along the river Dhaleswari. During this season, most brick field operators keep their production suspended, causing a surge in brick prices. Currently, bricks are selling at Tk 14-15 each, registering...

Dengue death toll surpasses 900 as 16 more die

FE REPORT | 2023-09-25 00:00:00

The death toll from dengue this year has crossed 900 mark as another 16 new deaths were reported in the 24 hours till Sunday morning, according to the Directorate General of Health Services (DGHS). The fresh death included seven in...

Taxpayers face quandary as NBR online portal not ready

DOULOT AKTER MALA | 2023-09-25 00:00:00

The online portal is not ready yet, offline services are off-limits too, and the revenue authority is still scrambling to grasp the changes in collection rules: this is exactly what happens when a new tax law, incorporating stringent measures, catches...

BB trims dollar retention quotas for exporters

FE REPORT | 2023-09-25 00:00:00

In an effort to increase liquidity in the forex market, the Bangladesh Bank (BB) has reduced the US dollar-retention limit for exporters who maintain foreign-currency accounts with proceeds from shipments."It has been decided to reinstate the retention limit out of...

Liquidity squeeze to banks begins

JUBAIR HASAN | 2023-09-25 00:00:00

Liquidity funnelling into commercial banks is getting squeezed as the central bank begins curtailing money supply in the economy to contain nagging inflation. As part of the latest move, the government auction committee on risk-free investment instruments did not accept...

Weather (2023-09-25)

2023-09-25 00:00:00

Light to moderate rain/ thunder showers accompanied by temporary gusty wind is likely to occur at most places over the country in the next 24 hours from 06:00 am today (Monday), according to the Met Office. The sun sets in...

BGB ready to deal with any situation centring elections: DG

2023-09-25 00:00:00

Border Guard Bangladesh (BGB) Director General (DG) Major General AKM Nazmul Hasan on Sunday said that the paramilitary force is always ready to deal with any situation including maintaining law and order in the country centring the upcoming national election,...

Bangabandhu Tunnel awaits inauguration; toll rates finalised

2023-09-25 00:00:00

The Bangabandhu Sheikh Mujibur Rahman Tunnel, running beneath the Karnaphuli River in Chattogram, is now awaiting inauguration, with the primary construction phase successfully concluded, reports UNB.The main tunnel is fully equipped and prepared for vehicular movement. This historic project marks...

President suggests ICB to be more proactive in RTI Act implementation

2023-09-25 00:00:00

President Mohammed Sahabuddin on Sunday suggested the Information Commission Bangladesh (ICB) to be more proactive in implementing the Right to Information (RTI) Act to ensure people's access to information, reports UNB.The president came up with the suggestion when a 4-member...

DAP amended with increased floor area ratio

FE REPORT | 2023-09-25 00:00:00

The Dhaka Detailed Area Plan (DAP 2022-35) has been finalised with seven-point amendments, including floor area ratio (FAR).The Ministry of Housing & Public Works issued a gazette notification in this regard on Sunday.The amended DAP will be applicable for a...

BCL men assault CU Prothom Alo reporter

2023-09-25 00:00:00

CHATTOGRAM, Sept 24 (UNB): Prothom Alo Chittagong University (CU) correspondent Mosharraf Shah suffered grievous injuries after being assaulted by activists of the Bangladesh Chhatra League (BCL) early Sunday. Mosharraf said the attackers repeatedly asked him why he wrote news reports...

‘Application for sending Khaleda abroad submitted’

FE REPORT | 2023-09-25 00:00:00

Asking a fresh application for sending BNP Chairperson Begum Khaleda Zia abroad for better treatment is inhumane, said her lawyer Barrister Kayser Kamal. The lawyer who is also the Legal Affairs Secretary of BNP said an application has already been...

BNP to hold road march in Khulna tomorrow

2023-09-25 00:00:00

KHULNA, Sept 24 (UNB): BNP is set to hold its tomorrow (Tuesday) road march in Khulna city with different demands, including resignation of the government and dissolution of the parliament, to ensure a "fair" election.All kinds of preparations including setting...

US visa policy won't affect police operation, says DMP deputy commissioner

2023-09-25 00:00:00

Dhaka Metropolitan Police's Deputy Commissioner (Media) Faruk Hossain has said the newly implemented US visa policy will not have any impact on police operations, reports UNB."We have more than 0.2 million (2 lakh) personnel in Bangladesh Police. My question is:...

No reason to be delighted over US visa policy: Hasan

2023-09-25 00:00:00

Information and Broadcasting Minister Dr Hasan Mahmud on Sunday said there's no reason for anyone to be delighted about the newly implemented US visa policy as it will apply only to those who obstruct electoral process, reports UNB."The bilateral cooperation...

Real estate stocks extend losses as rates soar

2023-09-25 00:00:00

Shares in real estate companies fell on Friday, adding to a massive sell-off the previous day, when bond yields jumped to their highest levels in 16 years after the Federal Reserve signaled that US interest rates would stay high for...

Saudi Arabia's financial markets surpass Vision 2030's strategic goals in 2022

2023-09-25 00:00:00

RIYADH, Sept 24 (Arab News): Reflecting robust economic growth, Saudi Arabia's financial markets reported a remarkable performance in 2022, surpassing the targets outlined in Vision 2030. The Kingdom's Capital Market Authority witnessed an uptick in 2022, with 49 new listings,...

‘Will boost rupee’: Chief economic adviser on inclusion of Indian bonds in JPMorgan index

2023-09-25 00:00:00

NEW DELHI, Sept 24 (NDTV): Chief Economic Adviser V Anantha Nageswaran on Friday said inclusion of Indian government bonds into JPMorgan's benchmark emerging market index from next year will widen investor base, and may lead to appreciation of rupee.He also...

Renault to maintain mixed ethanol combustion engines in Brazil

2023-09-25 00:00:00

SAO PAULO, Sept 24 (Reuters): Renault will maintain production of ethanol-fueled combustion vehicles in Brazil, where nine in 10 cars are equipped to run on a mixture of gasoline and the biofuel as fully electric vehicles (EVs) need more government...

EU does not want to decouple from China but must protect itself, says EU trade chief

2023-09-25 00:00:00

SHANGHAI, Sept 24 (Reuters): The European Union has no intention to decouple from China but needs to protect itself when its openness is abused, the bloc's Executive Vice President Valdis Dombrovskis said, as both sides look to cool rising tensions...

India to delay import licensing of laptops as US, industry push back

2023-09-25 00:00:00

NEW DELHI, Sept 24 (Reuters): India will defer an import licence requirement for laptops and tablets, two government officials said, a policy U-turn after industry and the US government complained about the move, which could hit Apple, Samsung and others.The...

Toyota to speed up EV production

2023-09-25 00:00:00

TOKYO, Sept 24 (Reuters): Toyota Motor will speed up production of electric vehicles of its Toyota and luxury Lexus brands, the Nikkei newspaper reported on Friday.The Nikkei report said the Japanese automaker was likely to step up production of battery-powered...

ALLIANCE FINANCE PLC HOLDS WORKSHOP

2023-09-25 00:00:00

Alliance Finance PLC organised a daylong workshop on 'Anti-Money Laundering and Combating Financing of Terrorism (AML/CFT)' in collaboration with Bangladesh Financial Intelligence Unit (BFIU) at its Head Office in Dhaka on Saturday. Md Arifuzzaman, Director of BFIU, was present as...

UNION BANK DISTRIBUTES RELIEF MATERIALS -

2023-09-25 00:00:00

As part of its Corporate Social Responsibility (CSR), the Union Bank Limited recently distributed household goods and relief materials among the helpless, poor and homeless people affected by the devastating floods in Chattogram division. Managing Director & CEO of the...

Govt plans joint ventures with local, foreign cos to revitalise sugar industry

2023-09-25 00:00:00

Industries Secretary Zakia Sultana said that initiatives have been taken to make the country's sugar mills profitable, reports BSS.She emphasised that the focus is not solely on sugar production but also on utilising by-products to make additional products.The government is...

Khokon re-elected BTMA president

FE REPORT | 2023-09-25 00:00:00

Mohammad Ali Khokon has been re-elected the president of Bangladesh Textile Mills Association (BTMA) for the terms of 2023-24 and 2024-25.Mohammad Fazlul Haque, Faizur Rahman Bhuiyan and Saleud Zaman Khan have been elected vice presidents of the association, according to...

Seaweed farming holds 'huge economic potential and environmental benefits'

FE REPORT | 2023-09-25 00:00:00

Seaweed farming in maritime areas of Bangladesh has immense potential to contribute to the economy through supplying raw materials for pharmaceutical and livestock feed industries, speakers said at a workshop on Sunday. Seaweed also decreases carbon emissions and can be...

Prime Bank signed strategic partnership with Le Meridien Dhaka

2023-09-25 00:00:00

Prime Bank has recently signed a strategic partnership with Le Meridien Dhaka at the Prime Bank head office. Nazeem A Choudhury, deputy managing director of Prime Bank, and Constantinos S Gavriel, general manager of Le Meridien Dhaka, signed the agreement....

Muktadhara New York Inc conferred the 'Remittance Award' to Islami Bank Bangladesh

2023-09-25 00:00:00

Muktadhara New York Inc conferred the 'Remittance Award' to Islami Bank Bangladesh for collecting the highest remittance in Bangladesh. Foreign Minister Dr AK Abdul Momen presented the award to Mohammed Monirul Moula, managing director and CEO, and Md Akiz Uddin,...

DSE key index hits 1-month low for concerns over US visa policy

FE REPORT | 2023-09-25 00:00:00

Stocks witnessed yet another setback on Sunday, with the prime index of the Dhaka Stock Exchange (DSE) tumbling below 6,300-mark, as investors dumped their holdings to escape from further losses.Investors might have got panicked following the announcement of the US...