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High costs leave green chilli import hesitant

YASIR WARDAD | 2023-07-11 00:00:00

Green-chilli prices continue to exhibit volatility as importers hesitate to bring in the produce due to rising costs in neighbouring India and high customs duties, according to insiders.They also alleged that some importers are resorting to under-invoicing to evade higher...

Contractors pamper on illegal gas connections, customers pay price

FE REPORT | 2023-07-11 00:00:00

Company contractors get pampered on illegal gas connections while valid customers pay the price through hiked bills, which transpires in Titas Gas authorities' revelation made Monday. The state-run company's management squarely blamed the contractors as the main culprit in illegal...

Bangladesh-India trade thru local currencies opens today

FE REPORT | 2023-07-11 00:00:00

All is set for the launch of much-hyped cross-border trade between Bangladesh and India in their local currencies today (Tuesday) to skip the overheated US dollar amid reserves depletion.Bangladesh Bank Governor Abdur Rouf Talukder and High Commissioner of India in...

Weather (2023-07-11)

2023-07-11 00:00:00

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

JU temporary staff announce demo seeking job regularisation

JU CORRESPONDENT | 2023-07-11 00:00:00

Temporary employees at Jahangirnagar University (JU), who are paid on a daily basis, have announced a sit-in strike on July 17 seeking job regularisation. In a letter to the university's vice-chancellor on Monday, the workers pushed for their demand and...

World Population Day today-

2023-07-11 00:00:00

The World Population Day-2023 will be observed across the country as elsewhere in the world today (Tuesday) with an aim to work together for building a gender equality-based society, reports BSS.Different programmes have been taken in observance of the day...

BD reports 61 Covid cases

2023-07-11 00:00:00

Bangladesh reported 61 more Covid-19 cases in the 24 hours until Monday morning, reports UNB.With the new numbers, the country's total caseload rose to 2,043,222, according to the Directorate General of Health Services (DGHS).However, the official death toll from the...

DNCC fines Petrobangla, four other govt establishments Tk 0.5m each finding Aedes mosquito larvae

2023-07-11 00:00:00

Dhaka North City Corporation (DNCC) fined five government and private organisations, including Bangladesh Oil, Gas and Mineral Resources Corporation (Petrobangla), Tk 0.5 million each (total Tk 2.5 million) for finding Aedes mosquito larvae in the basement of those establishments on...

Appellate Division orders disposal of writ

FE REPORT | 2023-07-11 00:00:00

The Appellate Division on Monday ordered the High Court to dispose of a rule that questioned labour appellate tribunal's order to Grameen Kalyan to pay dividend to 106 sacked and retired employees.Grameen Kalyan is an organisation owned by Nobel laureate...

PM unveils Mujibpedia on Bangabandhu

2023-07-11 00:00:00

Prime Minister (PM) Sheikh Hasina on Monday unveiled the cover of the 'Mujibpedia', an encyclopedia on Father of the Nation Bangabandhu Sheikh Mujibur Rahman, reports UNB.The launching ceremony was held at the PM's office.'Mujibpedia' chief editor Kamal Chowdhury, editor Farid...

Kamal Ahmad, founder of AUW, called on Speaker Shirin Sharmin Chaudhury

2023-07-11 00:00:00

Kamal Ahmad, founder of the Asian University for Women (AUW), called on Speaker Shirin Sharmin Chaudhury at her Jatiya Sangsad Office in the city on Monday

Don’t publish any news that hampers country’s image, PM tells journalists

2023-07-11 00:00:00

Prime Minister (PM) Sheikh Hasina on Monday asked the media to do constructive criticism for the welfare of the country, not for damaging it, reports UNB."The criticism should be for the welfare of the country and not for damaging it,"...

'Pvt sector put in unfair competition with govt'

FE REPORT | 2023-07-11 00:00:00

Calling upon withdrawal of the permission to form a company in the recently-passed Aspire to Innovate (A2i) Act 2023, five leading ICT-related trade-bodies said the new law has put the private sector in a direct and unfair competition with the...

JnU student Khadija's bail suspended for four months

2023-07-11 00:00:00

The Supreme Court (SC) has suspended bail of Jagannath University student Khadijatul Kubra for another four months in two cases under the Digital Security Act (DSA), reports UNB.An Appellate Division bench led by Chief Justice Hasan Foez Siddique passed the...

RPO amendment strengthens EC's power: CEC

2023-07-11 00:00:00

Chief Election Commissioner (CEC) Kazi Habibul Awal has said the passing of 'Representation of the People (Amendment) Bill, 2023' in parliament has increased the power of the Election Commission (EC), reports BSS."The government amended the RPO as per our proposals....

Democracy consolidated as media develops: Hasan

2023-07-11 00:00:00

Information and Broadcasting Minister Dr Hasan Mahmud has said Bangladesh's two-step advancement in world democracy index and seven-step in the list of the world happiest countries proved that democracy and good governance have been consolidated in the country, reports BSS.The...

Govt takes elections as weapon to establish fascism, alleges Fakhrul

FE REPORT | 2023-07-11 00:00:00

Bangladesh Nationalist Party (BNP) Secretary General Mirza Fakhrul Islam Alamgir said people of the country do not live under a monarchy. He said people have liberated the nation through the war of liberation with a dream to build a democratic...

Next polls will be held under this govt like other democratic nations

2023-07-11 00:00:00

Awami League (AL) General Secretary Obaidul Quader has said it is up to the visiting Election Exploratory Mission from the European Union (EU) whether they will request BNP or any other political party to participate in the election, report agencies.The...

India markets regulator defends rule change on offshore investors

2023-07-11 00:00:00

MUMBAI, July 10 (Reuters): India's markets watchdog has told the Supreme Court its 2019 change in rules on how offshore funds report their ownership did not make it tougher to identify their beneficiaries, its legal filing shows.The change in rules...

China IPO applications fall by third in first half of 2023

2023-07-11 00:00:00

SHANGHAI, July 10 (Reuters): China's IPO applications slumped by a third in the first half of 2023, as earnings volatility, a slowing economy and tighter regulatory scrutiny deterred potential candidates.Chinese exchanges, which vet initial public offering (IPO) plans, accepted around...

Global stocks take a breath while bonds choke on China disinflation drag

2023-07-11 00:00:00

LONDON/SYDNEY, July 10 (Reuters): Global stocks took a breath on Monday after a surprisingly low reading on Chinese inflation and ahead of data on US inflation and corporate earnings later in the week.The pan-European STOXX 600 index rose 0.1 per...

Reliance Industries lifts Indian shares higher

2023-07-11 00:00:00

BENGALURU, July 10 (Reuters): Indian shares advanced on Monday, as a broad sectoral decline was offset by heaavyweight Reliance Industries as it firmed plans on the demerger of its financial services business and its retail unit approved a reduction in...

Ali Reza Iftekhar, inaugurated Sonargaon Road priority banking centre of EBL

2023-07-11 00:00:00

Ali Reza Iftekhar, managing director and CEO of Eastern Bank Ltd (EBL), inaugurated the Sonargaon Road priority banking centre of EBL on Sunday.

Fair Group teamed up with Mutual Trust Bank

2023-07-11 00:00:00

Fair Group has teamed up with Mutual Trust Bank Limited (MTB), under which customers will be able to get easy car loans in just three days. Five commercial banks with a non-bank financial institution and Fair Technology made the commitment...

Foxconn withdraws $19.5b Vedanta chip plan in blow to India

2023-07-11 00:00:00

TAIPEI/BENGALURU, July 10 (Reuters): Taiwan's Foxconn said on Monday it has withdrawn from a $19.5 billion semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta, in a setback to Prime Minister Narendra Modi's chipmaking plans for India.Foxconn, the world's largest contract...

Alibaba and Tencent buoyed by hope of end to tech crackdown

2023-07-11 00:00:00

HONG KONG, July 10 (Reuters): Alibaba Group and Tencent shares rose in Hong Kong on Monday as China's $984 million fine for Ant Group was viewed as signalling the end of a regulatory crackdown on the country's technology sector.After the...

StanChart boosts bitcoin forecast to $120,000

2023-07-11 00:00:00

LONDON, July 10 (Reuters) - The value of top cryptocurrency bitcoin could reach $50,000 this year and $120,000 by the end of 2024 Standard Chartered said on Monday, predicting the recent jump in its price could encourage bitcoin "miners" to...

S Korea asks banks to prepare $4b to support credit union

2023-07-11 00:00:00

SEOUL, July 10 (Reuters): South Korea's financial services regulator has asked major commercial banks to prepare around $4 billion in financing to support a credit cooperative hit by customer withdrawals, two banking sources familiar with the matter said on Monday.An...

RAKUB organises a performance evaluation and view-exchange meeting

2023-07-11 00:00:00

Rajshahi Krishi Unnayan Bank (RAKUB) organises a performance evaluation and view-exchange meeting with the Zonal Managers of the bank at its head office in Rajshahi on Monday. Managing Director of the bank Niranjan Chandra Debnath presided over the meeting. RAKUB...

Asian Paints hands over campaign's donation to ActionAid

2023-07-11 00:00:00

Asian Paints in collaboration with ActionAid Bangladesh has recently organised a campaign called 'Bring Colours of Happiness by Painting Happy Home'. And the donations raised from the campaign were handed over to ActionAid. Nazmul Huda Naim, Head of Marketing and...