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Implement budget with transparency

2024-07-02 00:00:00

Prime Minister Sheikh Hasina on Monday directed all to implement the just-approved national budget with competence and transparency in the new fiscal year.She made the directive while chairing the Cabinet meeting at her office here, reports UNB.Briefing reporters at the...

Ceramic factories struggling amid gas crisis

SAIF UDDIN | 2024-07-02 00:00:00

The country's ceramic manufacturing factories in key areas like Dhaka, Gazipur and Narsingdi have been struggling to continue production as they have been suffering from a severe gas crisis in recent times. According to industry people's estimation, nearly 25 factories...

Briefing 2024-07-02

2024-07-02 00:00:00

DSE SME board gains 13pc in FY24, advantaged by absence of floor priceThe SME market index soared almost 13 per cent year-on-year in the just concluded financial year as it drew a significant number of investors at a time when...

New firm registrations plunge as investment climate sours

Ismail Hossain | 2024-07-02 00:00:00

New private firm registrations dropped 6.76 per cent year over year to 7,479 in FY24, according to official data, as trade leaders see a deteriorating investment climate since the pandemic that has discouraged new business formation.During the recently concluded financial...

VAT on metro fares takes effect

FE REPORT | 2024-07-02 00:00:00

The value-added tax (VAT) on metrorail-ticket prices came into effect on Monday after the expiry of the exemption tenure on June 30.The metrorail authorities now require paying a 15-percent VAT on its total sales of tickets to the exchequer.However, there...

Sylhet may see fresh flooding, Ctg runs risks of landslide

FE Report | 2024-07-02 00:00:00

Incessant rain and the onrush of water from upstream have raised fears of flooding once again in the Sylhet region and landslides in the Chattogram region.Our correspondent in Chattogram reports that the Chattogram division is at high risk of fresh...

Court questions short notice for huge payment

FE REPORT | 2024-07-02 00:00:00

A short notice to two S Alam firms for making a huge payment to the exchequer, to the tune of Tk 35.38 billion in evaded VAT compounded with Tk 35.31-billion penalty and interest, comes into question from the court. The...

Remittance reaches new high with June's $2.54b

JUBAIR HASAN | 2024-07-02 00:00:00

A record-high US$2.54 billion received in June ramped up Bangladesh's remittance receipt to $23.92 billion in the just-past financial year, according to official data, somewhat easing its forex dearth.The rebound in remittance earnings provides some respite for the economy facing...

Government doubles emergency WMA, overdraft borrowings

SYFUL ISLAM | 2024-07-02 00:00:00

Negative cash-balance situation prevailing for months prompts the government to bump up emergency borrowing from central bank's Ways and Means Advance (WMA) and Overdraft (OD) mechanisms, officials said.The Ministry of Finance (MoF) in a decision has nearly doubled the daily...

Light rain likely today ....

2024-07-02 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 (Tuesday), according to the Met Office. The sun sets in the...

Foreign secy, envoys pay tribute

2024-07-02 00:00:00

Foreign Secretary Masud Bin Momen and envoys of India, the United States, Japan and Italy paid tribute to the victims of July 01, 2016 terror attack at Holey Artisan Bakery, reports UNB.The 8th anniversary of the Holey Artisan Bakery attack,...

Indian Navy Chief Admiral Dinesh K Tripathi called on Bangladesh Army Chief General Waker-Uz-Zaman at the Army

2024-07-02 00:00:00

Indian Navy Chief Admiral Dinesh K Tripathi called on Bangladesh Army Chief General Waker-Uz-Zaman at the Army Headquarters in the capital on Monday. — ISPR

SC to hear NOAB chief's arguments on August 4

FE REPORT | 2024-07-02 00:00:00

The Appellate Division of the Supreme Court (SC) on Monday fixed August 4 for hearing the arguments of Newspaper Owners Association of Bangladesh (NOAB) President A K Azad over the disputed clauses of the Ninth Wage Board.The apex court asked...

Accessing int'l finance key challenge for states like Bangladesh: Expert

2024-07-02 00:00:00

FE REPORTDespite various efforts, accessing international climate finance still remains a major challenge for the countries like Bangladesh due to strict eligibility criteria of the funds, said climate experts on Monday.Accessing international climate finance is a major challenge with strict...

Govt working to boost trade ties with more countries: Titu

2024-07-02 00:00:00

FE ReportThe government is working to further increase trade relations with different countries and has asked its commercial counsellors to diversify export products and markets."Necessary capacity should be increased to enhance trade relations with different countries across the world," state...

IHG HOTELS INTRODUCE PRESTIGE CARD FOR TGC MEMBERS

2024-07-02 00:00:00

IHG HOTELS INTRODUCE PRESTIGE CARD FOR TGC MEMBERSIHG Hotels in Bangladesh -- InterContinental Dhaka, Crowne Plaza Dhaka Gulshan and Holiday Inn Dhaka City Centre -- have introduced Prestige Cards for the members of Tiger Golf Club (TGC) at an event...

Workshop on 'Prevention of money laundering'

2024-07-02 00:00:00

Workshop on 'Prevention of money laundering'Bangladesh Financial Intelligence Unit (BFIU) and Uttara Bank PLC organised a Lead Bank Training workshop on "Prevention of Money Laundering and Combating Financing of Terrorism" with the participation of higher officials of different banks of...

Arrange dist-level training to foster young entrepreneurs

2024-07-02 00:00:00

FE REPORT The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has suggested that the government organise comprehensive training sessions at the district level to foster new young entrepreneurs for the betterment of the country's economy.The apex trade body...

COMMUNITY BANK HOLDS 54TH BOARD MEETING

2024-07-02 00:00:00

COMMUNITY BANK HOLDS 54TH BOARD MEETINGThe 54th Board Meeting of Community Bank Bangladesh PLC was held at the Police Headquarters on Sunday. The meeting was chaired by Chowdhury Abdullah Al-Mamun, Inspector General of Police, and also the Chairman of Community...

BENGAL COMMERCIAL BANK HOLDS 31st BOARD MEETING

2024-07-02 00:00:00

BENGAL COMMERCIAL BANK HOLDS 31st BOARD MEETINGBengal Commercial Bank PLC held the 31st meeting of its Board of Directors at the bank's Head Office in Gulshan, Dhaka, recently. Md. Jashim Uddin, Chairman of the Board, presided over the meeting. Mahbubul...

Cement sheets could unlock Tk 123b annual farm gain

2024-07-02 00:00:00

FE REPORTPoultry and dairy farms could benefit from a switch to cement sheets, offering a cost-effective building material and protection against extreme heat, according to industry people.They estimate the changeover from corrugated iron sheets could boost poultry and dairy production...

BNP shifts Ctg rally to July 7 for bad weather

2024-07-02 00:00:00

The BNP has postponed its rally in Chattogram city scheduled for Monday, demanding the unconditional release of party Chairperson Khaleda Zia, due to inclement weather, reports UNB.As part of the party's nationwide programme in all divisional cities, BNP's Chattogram south...

Students stage demo tomorrow

2024-07-02 00:00:00

Students of Dhaka University (DU), Jagannath University (JnU) and seven colleges and all colleges of Dhaka (under the National University) will stage demonstrations on July 3 and 4 protesting reinstatement of quota in government jobs, reports UNB. . Students announced...

Govt lying about rail corridor, MoUs with India: Fakhrul

2024-07-02 00:00:00

BNP Secretary General Mirza Fakhrul Islam Alamgir has alleged that the government is deceiving the people of the country by spreading lies about granting India a rail corridor and the 10 Memorandums of Understanding (MoUs) signed in New Delhi recently,...

BNP spreading lies over BD-India MoUs

2024-07-02 00:00:00

State Minister for Information and Broadcasting Mohammad Ali Arafat has alleged that BNP is spreading propaganda and falsehood over the Memorandums of Understanding (MoUs) signed between Bangladesh and India recently, reports BSS."BNP is spreading propaganda and falsehood over the MoUs...

KARMASANGSTHAN BANK HOLDS 342ND BOARD MEETING

2024-07-02 00:00:00

KARMASANGSTHAN BANK HOLDS 342ND BOARD MEETING The 342nd Board Meeting of Karmasangsthan Bank was held at the Board Meeting Room of its Head Office on Sunday. Chairman of the Board of Directors and former Secretary Md Sayedul Islam presided over...

Sanofi to invest $1.6b in Germany

2024-07-02 00:00:00

FRANKFURT, July 01 (Reuters): French drugmaker Sanofi is nearing a decision to invest between 1.3 billion euros and 1.5 billion euros ($1.4-$1.6 billion) at a major production site in Frankfurt, Germany, where it makes insulin brand Lantus, newspaper Handelsblatt reported...

BSCIC gets APA Award--

2024-07-02 00:00:00

BSCIC gets APA AwardBangladesh Small and Cottage Industries Corporation (BSCIC) secured the 3rd position in the evaluation of Annual Performance Agreement (APA) for FY 2022-23. Kamrun Nahar Siddiqa, Chairman (Additional Charge) of BSCIC, received the appreciation crest from Industries Minister...

BSTI DG gets Integrity Award --

2024-07-02 00:00:00

BSTI DG gets Integrity Award SM Ferdous Alam, Director General (Grade-1) of Bangladesh Standards and Testing Institution (BSTI), has obtained the National Integrity Award in recognition of his outstanding contribution and efforts to promote practice of integrity in the workplace....

Workplace accidents kill 475 in six months: SRS

FE REPORT | 2024-07-02 00:00:00

Death toll from workplace accidents increased during first six months of the current year than that of the corresponding period of the last year, according to data compiled by a nongovernment organisation.Some 475 people died in 420 accidents at workplaces...