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Record single-day dengue deaths at 13

FE REPORT | 2023-07-19 00:00:00

The single-day death toll from dengue hit a new high of 13 on Tuesday as the mosquito-borne fever continued unabated across the country.According to the Directorate General of Health Services (DGHS), the dengue death rate is five-year high this year.With...

IOCs remain exempt from tax payment, as incentive

DOULOT AKTER MALA | 2023-07-19 00:00:00

International oil companies (IOCs) remain exempt from submitting tax return directly as the Prime Minister has overruled revenue authority's opinion for incorporating a compliance provision into the draft Production Sharing Contract (PSC), sources said.This ruling from the highest government authority...

PM asks for revising rates as per price rises

FE REPORT | 2023-07-19 00:00:00

Prime Minister Sheikh Hasina Tuesday asked the authorities to revise rate schedules of development projects in line with the fluctuating prices of construction materials and currency-exchange rates.At the same time, she cautioned the authorities against duplication of projects as sometimes...

Provide uninterrupted gas, cut redoubled price

MONIRA MUNNI | 2023-07-19 00:00:00

Apparel exporters seek uninterrupted gas supply and its price cut as they say production in textile mills almost stalled with resultant disruption to timely shipment of yarn, fabrics and garments.Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Bangladesh Knitwear Manufacturers and...

BD logs 73 new Covid cases, no deaths in a day

2023-07-19 00:00:00

Bangladesh has recorded 73 new cases of COVID-19 in a day, taking the overall tally of infections to 2,043,730, reports bdnews24.com.The death toll from the disease remained unchanged at 29,465 over the 24-hour period, according to the latest government data...

Weather (2023-07-19)

2023-07-19 00:00:00

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

EWU Robotics Club won Championship of 'Idea and Project Showcasing' segment

2023-07-19 00:00:00

East West University (EWU) Robotics Club won the Championship of the 'Idea and Project Showcasing' segment of the prestigious DUET TECHFEST-23. The competition was hosted by Dhaka University of Engineering and Technology (DUET) on the DUET campus in Gazipur recently

Teachers stage sit-in for nationalisation of secondary schools

2023-07-19 00:00:00

Teachers from privately-run secondary schools have occupied both sides of the road outside the National Press Club in Dhaka to demand the nationalisation of those institutions, reports bdnews24.com.The protests, which began on Jul 11, continued on Tuesday as the teachers...

Two JMB men get 17 years jail in Khulna

2023-07-19 00:00:00

KHULNA, July 18 (BSS): A court here today sentenced two members of banned militant organization Jama'atul Mujahideen Bangladesh (JMB) to 17 years and six months imprisonment in an Explosive Act case filed in 2020.Judge of Anti-Terrorism Special Tribunal Rozina Akhter...

EC orders legal action against attackers of Hero Alam

2023-07-19 00:00:00

The Election Commission (EC) on Tuesday directed the Dhaka Metropolitan Police (DMP) Commissioner to take legal action against those responsible for beating independent candidate for Dhaka-17 constituency polls Ashraful Hossain Alam, popularly known as Hero Alam, at the end of...

AL won't budge on constitution

2023-07-19 00:00:00

Awami League (AL) General Secretary Obaidul Quader on Tuesday said the AL government will not budge on the constitution as the party will not bow down to anyone, reports BSS."We don't want any caretaker government which was during the BNP's...

Quit now, people don't want to see you in power anymore

2023-07-19 00:00:00

Describing their march demanding the resignation of the government as a 'victory march' for realising people's rights, BNP Secretary General Mirza Fakhrul Islam Alamgir on Tuesday called upon Awami League to quit as people don't want to see them in...

Muhammad Ali Arafat of Dhaka-17 constituency along with his wife greets Prime Minister Sheikh Hasina

2023-07-19 00:00:00

Newly-elected Awami League-nominated candidate Muhammad Ali Arafat of the Dhaka-17 constituency along with his wife greets Prime Minister Sheikh Hasina with a bouquet at Ganobhaban in the city on Tuesday — PID

Indian shares extend gains as IT, Reliance offset broad slide

2023-07-19 00:00:00

BENGALURU, July 18 (Reuters): Indian shares closed higher on Tuesday, advancing for the fourth session in a row, as gains in IT stocks and by Reliance Industries offset a broad sectoral decline.The Nifty 50 rose 0.19 per cent to 19,749.25,...

Few 'sustainable' funds aligned with EU green criteria, MSCI finds

2023-07-19 00:00:00

LONDON, July 18 (Reuters): The vast majority of European funds marketed as sustainable say they are not aligned with the EU's list of climate-friendly investments, or "taxonomy", largely because there is too little data to make an assessment, research firm...

Fisker to sell 100 electric SUVs in India

2023-07-19 00:00:00

US startup Fisker said on Monday it would produce 100 limited edition electric sports utility vehicles (SUVs) for the Indian market and expects to begin deliveries in the fourth quarter this year, reports Reuters.The company had said in September it...

Space startup investments stay flat in Q2

2023-07-19 00:00:00

Investments in space startups stayed flat in the second quarter, a positive sign for a sector that faced a funding slump over the past few quarters due to the grim economic outlook, a report by venture capital firm Space Capital...

Ford slashes prices of F-150 Lightning trucks

2023-07-19 00:00:00

Ford Motor on Monday slashed the prices of its popular electric F-150 Lightning trucks, with the base variant now starting at about 16.6 per cent less, amid an electric vehicle (EV) price war started by market leader Tesla, reports Reuters.The...

Insurers reviewing Black Sea ship cover after Russia suspension

2023-07-19 00:00:00

LONDON, July 18 (Reuters): Insurers are reviewing whether to freeze cover for any ships willing to sail to Ukraine after Russia said on Monday it will suspend participation in a UN-backed deal that allows the export of grain through a...

ICB awarded for securing 2nd position in evaluation of APA

2023-07-19 00:00:00

Investment Corporation of Bangladesh (ICB) has been awarded for securing 2nd position in the evaluation of Annual Performance Agreement (APA) among non-bank financial institutions for FY 2021-2022. Secretary of Financial Institutions Division Sheikh Mohammad Salim Ullah handed over a crest...

Board meeting of Standard Bank held -

2023-07-19 00:00:00

The 379th Board Meeting of Standard Bank Ltd was held at the Boardroom of the bank's Gulshan Office in Dhaka on Tuesday. Chairman of the bank Kazi Akram Uddin Ahmed presided over the meeting attended by Vice Chairman Kazi Khurram...

FBCCI polls: Oikkya Parishad Panel introduced

2023-07-19 00:00:00

An introductory event of the Oikkya Parishad Panel contesting the upcoming FBCCI election was held at a hotel in the port city on Monday evening. Mahbubul Alam, President of Chittagong Chamber of Commerce and Industry (CCCI) and leader of the...

MTB wins ‘Asiamoney Best Bank’ award for 2nd straight year

FE DESK | 2023-07-19 00:00:00

Mutual Trust Bank Limited (MTB) won the Best Bank for Diversity and Inclusion in Bangladesh for 2023 by Asiamoney. This marks the second consecutive year that MTB has received this prestigious accolade second straight year, said a statement.Asiamoney is a...

RAK Ceramics' earnings drop 32pc on costlier energy, raw materials

FE REPORT | 2023-07-19 00:00:00

RAK Ceramics' profit plunged 32 per cent year-on-year to nearly Tk 129 million in April-June, owing to energy price hikes and increased production costs due to a staggering rise in raw material prices in the global market.The country's largest and...

Dhaka bourse edges down on corrections of insurance stocks

FE REPORT | 2023-07-19 00:00:00

The Dhaka bourse closed Tuesday's session with a marginal loss, extending the losing streak for the second consecutive day mainly due to corrections experienced by life insurers.A slight correction experienced by a major sector, pharmaceuticals & chemicals also played a...

GP's profit jumps 30pc on expansion of customer base, data revenue

FE REPORT | 2023-07-19 00:00:00

Grameenphone's profit grew at a pace of 30 per cent year-on-year to Tk 11.93 billion in the second quarter through June, driven by a boost to data revenue. By deploying new spectrum and new site rollout, the market leader added...

US retail sales weaker than expected in June

2023-07-19 00:00:00

WASHINGTON, July 18 (AFP): Retail sales in the United States came in weaker than expected in June, the government reported Tuesday, with consumption remaining sluggish while inflation eases.US retail sales rose 0.2 per cent to $689.5 billion last month, while...

FBCCI seeks to boost trade with India

2023-07-19 00:00:00

FBCCI President Md Jasim Uddin called for enhancing bilateral trade between Bangladesh and India and regional trade in the South Asian region, reports UNB. He made the remark during a courtesy call on the Indian High Commissioner Pranay Kumar Verma...

BIAC, CLDP host ADR workshop, seminar

2023-07-19 00:00:00

Bangladesh International Arbitration Centre (BIAC) in collaboration with Commercial Law Develop-ment Programme (CLDP) organised a workshop on 'Alternative Dispute Resolution (ADR)' and a seminar on 'Mediation' at a hotel in the capital on Sunday and Monday.Both the events were moderated...

Govt gives go-ahead to 'bancassurance'

JASIM UDDIN HAROON | 2023-07-19 00:00:00

The government on Tuesday granted approval for the introduction of 'bancassurance,' a system enabling the sale of insurance products through the banking channel in the country. It means there is no bar or restriction to launching such model in the...