Confiscate assets of NBR first secy Faisal: Court

A Dhaka Court on Thursday ordered the government agencies concerned to confiscate all movable and immovable properties owned by Quazi Abu Mahmud Faisal, first secretary (taxes legal and enforcement) of the National Board of Revenue (NBR). It also asked the...

Court orders hiring receivers to manage Benazir's more assets

A Dhaka court on Thursday allowed appointment of administrators (receivers) to look after the immovable properties of former Inspector General of Police (IGP) Benazir Ahmed and his family members. Judge of the Metropolitan Senior Special Judge's Court in Dhaka, Mohammed...

Develop children as worthy citizens with science knowledge: PM

Prime Minister Sheikh Hasina on Thursday stressed the need for grooming up children with the knowledge of science and technology to make them worthy citizens as they may conquer the moon in the future."We have to go to the moon...

Fresh bidding for mid-July delivery

The government has floated a new tender to buy a cargo of spot-market LNG (liquefied natural gas) for mid-July delivery after the cancellation of four such cargoes for June delivery.The state-backed Rupantarita Prakritik Gas Company Ltd (RPGCL) invited bidders on...

VAT exemptions cost Tk 1.29tn in 2022

The country's value-added tax (VAT) revenue from domestic sources was reduced by an estimated 3.26 per cent of GDP in 2022 due to various waivers and exemptions, according to a study, calling the declining VAT flow "concerning".The study by the...

Briefing 2024-06-28

Licence of Cosmopolitan Finance scrapped for bringing no IPO in a decadeThe securities regulator has scrapped the licence of Cosmopolitan Finance as the merchant bank failed to bring a single IPO since its inception in 2010. The sister concern of...

Parts of Sadeeq Agro farm demolished

The Dhaka North City Corporation (DNCC) demolished illegal structures of Sadeeq Agro farm and its adjacent establishments in Mohammadpur area of the capital on Thursday.The animal farm was partly built on Ramchandrapur canal and the nearby road illegally, official sources...

Hopes hinge on last-minute haul to achieve target

A nearly 15-percent tax growth until May of the passing fiscal year generates hope in the taxmen about getting close to a revised revenue target, with a big haul in June.The tax-revenue collection in the past eleven months of the...

Govt expects to meet IMF-set NIR threshold by June 30

Over US$2.0 billion is received thus far this June and $650 million more is expected by Sunday in budget support as the government races against time to meet an IMF-set forex target by this fiscal yearend. Bangladesh has to have...

Rising debt service pressures paltry forex reserves

Debt-servicing pressure against large foreign loans taken by Bangladesh builds up as repayment during 11 months to May rose 24.36 per cent, year on year, to US$3.0 billion. Although the debt repayment has surged, the foreign-aid disbursement has not increased...

Dubai Taxi to hire 2,000 Bangladeshi drivers per year

Dubai Taxi, a government-owned company in the United Arab Emirates (UAE), will hire at least 2,000 taxi and motorcycle drivers from Bangladesh annually.As part of the programme, the Gulf nation will recruit 1,300 drivers this year, with 1,000 being motorcycle...

Trade-cargo accommodation too short amid import surge

Dhaka airport's much-vaunted new terminal is found wanting on several counts in customs test, including inadequate capacity to accommodate burgeoning trade cargos until checking against tax evasion. Official sources said Bangladesh customs found such limitations, including insufficient spaces in cargo...

Rain likely today,,,

Light to moderate rain/thunder showers accompanied by temporary gusty wind is likely to occur at most places over Rangpur, Mymensingh, Chattogram and Sylhet divisions; at many places over Dhaka and Barishal divisions and at a few places over Rajshahi and...

Border Guard Bangladesh (BGB) Director General Major General Mohammad Ashrafuzzaman Siddiqui

Border Guard Bangladesh (BGB) Director General Major General Mohammad Ashrafuzzaman Siddiqui taking salute at the passing-out parade of the 101st recruit batch of the paramilitary force at Border Guard Training Centre and College at Satkania upazila in Chattogram on Thursday....

'No accident occurred due to railway signal system'

Railways Minister Md. Zillul Hakim claimed that no accident has occurred so far due to signal system error of Bangladesh Railway, reports UNB.The minister said this while replying to a tabled question of ruling party MP elected from Chattogram M...

Rape of girl on moving train: another held

CHATTOGRAM, June 27 (UNB): Police arrested another accused in connection with the gang rape of a 19-year-old girl in a Chattogram-bound train on Thursday. The accused, Abdur Rab Russel, was arrested from Kutubpur area in Noakhali. SM Shahidul Islam, officer-in-charge...

Don't panic, govt has enough Russell's Viper antivenom

FE REPORTHealth and Family Welfare Minister Dr Samanta Lal Sen assured the public that government hospitals have sufficient stocks of antivenom for Russell's Vipers, locally known as 'Chandrabora', and urged people to avoid spreading misinformation."There have been rumours of vaccine...

Finance minister shakes off worries about forex reserves

Finance Minister Abul Hassan Mahmood Ali on Thursday said he was not worried about the foreign exchange reserves position as he considers the current stock enough. "Why are you thinking about the reserves?" he told journalists, replying to a question...

BD immigration emerges as UK polls issue

Britain's Labour party has been forced to issue a clarification on comments made by its leader Keir Starmer regarding the removal of Bangladeshi migrants from the UK, as reports emerged of outrage among members of the British-Bangladeshi community ahead of...

CCC declares Tk 19.81b budget for FY 25

OUR Correspondent CHATTOGRAM, June 27: Chattogram City Corporation (CCC) Mayor Rezaul Karim Chowdhury announced Tk 19.81 billion (1,981 crore) annual budget for CCC for the fiscal year (FY) 2024-25 in the port-city on Thursday.He announced the third budget as the...

AL earned Tk 271m, spent Tk 98.7m in 2023

The ruling Bangladesh Awami League has earned Tk over 271.4 million and spent Tk over 98.7 million in the last calendar year (2023), according to annual financial report of the party, reports BSS.The report, which was submitted to Election Commission...

Country's existence now at risk: Fakhrul

FE REPORT Bangladesh Nationalist Party (BNP) has observed that the country's very existence is now at stake following signing of memorandums of understanding (MoUs) with the neighbouring India.BNP Secretary General Mirza Fakhrul Islam Alamgir said this from a rally, held...

India's support for Teesta project will be good for Bangladesh: FM

India's assistance with the Teesta river water management project would be good for Bangladesh, as it is a common river for both the countries, said Foreign Minister Dr Hasan Mahmud on Thursday.Talking to reporters at the foreign ministry, he said...

National cricketers given two weeks rest

The Bangladesh Cricket Board (BCB) gave the national players a two-week rest after their disastrous T20 World Cup campaign, reports BSS.The cricketers are now on the way to the country and expected to land in Dhaka at 08:00 am today...

Cricket great Kapil Dev becomes new India golf chief

NEW DELHI, June 27 (AFP): India's World Cup-winning cricket captain Kapil Dev has been appointed president of the Professional Golf Tour of India.The switch in sports will enable Dev's "valuable experience as a professional sportsman" to drive "the further growth...

Dhaka-Assam Handball series to begin Sunday

Dhaka-Assam Handball Series (men's and women's) begins Sunday at Shaheed Captain M Mansur Ali National Handball Stadium in the city, reports BSS.Four matches of men's section will be held between Dhaka handball team and Assam Handball team while three matches...

Bangladesh Women's team to play against Bhutan in July

Bangladesh National Women's Football team will play two FIFA Women's Tier-1 International Football matches against Bhutan National Women's team next month, reports UNB.The two-match series will be held in the Bhutanese capital Thimphu on July 11 and 14.BFF EC member...

Automation a must for energy security: Nasrul

DHAKA, June 27 (BSS): State Minister for Power, Energy and Mineral Resources Nasrul Hamid today said automation programmes must be implemented on priority basis to ensure energy security in the country.Urging officials to work more sincerely to boost production and...

Petrobangla signs APAs with its subsidiary cos

Petrobangla signs APAs with its subsidiary cosThe Annual Performance Agreements (APA) for the fiscal year 2024-25 were signed between Petrobangla and its subsidiary companies according to the 'Annual Performance Agreement Formulation, Monitoring and Evaluation Guidelines, 2024-25' in Dhaka on Thursday....

A contract has been signed between ACI Marine & Riverine Technologies Ltd. and Dockyard and Engineering Works Limited

A contract has been signed between ACI Marine & Riverine Technologies Ltd. and Dockyard and Engineering Works Limited, one of the country's biggest shipyards, for the supply of Mitsubishi Marine Engine and Gearbox at the latter's office on Thursday. Subrata...