FE Today Logo

Search results for:


Central bank hikes pre-shipment, export financing interest rates

FE REPORT | 2023-08-14 00:00:00

The Bangladesh Bank (BB) has raised the interest rates for Refinance Scheme for Pre-Shipment Credit and Export Facilitation Pre-finance Fund (EFPF). This adjustment by the country's central bank aligns with the newly introduced reference rate known as SMART (Six months...

Govt set to allow Excelerate Energy to raise its capacity

M AZIZUR RAHMAN | 2023-08-14 00:00:00

The government is set to allow Excelerate Energy to increase LNG- re-gasification capacity of its floating storage and re-gasification unit (FSRU) by 20 per cent to around 600 million cubic feet per day (mmcfd) from October next, said sources.Execelerate's FSRU,...

Written-off loans up 8.0pc to Tk 653.21b

JASIM UDDIN HAROON | 2023-08-14 00:00:00

The cumulative written-off loan amount surged by nearly 8.0 per cent to Tk 653.21 billion at the end of 2022, which was Tk 604.98 billion at the end of 2021, according to the Bangladesh Bank's (BB) report. The cumulative written-off...

Dengue death toll nears 400

FE REPORT | 2023-08-14 00:00:00

Eleven more deaths were reported from dengue in 24 hours till Sunday morning, including 7 from Dhaka, raising the fatalities from the mosquito-borne disease in Bangladesh to 398 this year. Meanwhile, 2,905 hospitalizations were also recorded the same period of...

Consumers pay as ministries play ping-pong with egg

YASIR WARDAD | 2023-08-14 00:00:00

Overheating egg prices continue burning a hole into consumer wallets but commerce and livestock ministries go their different ways on import for managing what is seen as "manipulated" market. The ayes from the commerce and the nays from the livestock...

VAT collection surges 35.5pc in Dhaka's commercial hubs

Doulot Akter Mala | 2023-08-14 00:00:00

The collection of value-added tax (VAT) from retail and wholesale businesses grew by 35.5 per cent in the commercial areas of the capital, largely for the installation of Electronic Fiscal Devices (EFDs) and intensified enforcement.The Dhaka South Zone, which includes...

Big drop in commercial vehicle sales

SAJIBUR RAHMAN | 2023-08-14 00:00:00

Transportation shrinkage squeezes commercial vehicle sales with trucks, cargo vans and covered vans gathering dust in shops across Bangladesh, in an indicator of sluggish economic activity.Apart from slowdown under impact of global volatility, showroom owners, operators and importers say that...

Light rain likely today-----------------------------------------------------------

2023-08-14 00:00:00

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

BD logs 28 new Covid cases

2023-08-14 00:00:00

Bangladesh has recorded 28 new cases of Covid-19 in a day, taking the overall tally of infections to 2,044,997, reports bdnews24.com.The death toll from the disease stayed unchanged at 29,476 over the 24-hour period, according to the latest government data...

Appeal for help---

2023-08-14 00:00:00

Prodip Chandra Howlader, a low-paid employee of a private firm, has been suffering from acute kidney disease. Doctors at Christian Medical College, Vellore in India have suggested kidney transplant for this 46-year-old only income earner of his family. His sister...

HC issues injunction on construction of Central Tissue Culture Lab

2023-08-14 00:00:00

FE REPORTThe High Court on Sunday issued an injunction upon the construction work of the Central Tissue Culture and Seed Health Laboratory, a project of the Bangladesh Agricultural Development Corporation (BADC), by filling up water bodies in the Goidartek area...

36 DU students get Duke of Edinburgh's International Award

2023-08-14 00:00:00

A total of 36 students of Dhaka University (DU) received The Duke of Edinburgh's International Award recently for their outstanding success in completion of different self-development activities, said a press release. Among them, 22 received bronze awards and 14 silver...

Chief of Army Staff General SM Shafiuddin Ahmed addressing the army personnel at a function during

2023-08-14 00:00:00

Chief of Army Staff General SM Shafiuddin Ahmed addressing the army personnel at a function during his visit to Cumilla Cantonment on Sunday — ISPR

BB asks banks to take measures for dengue prevention

2023-08-14 00:00:00

In the wake of dengue outbreak across the country, Bangladesh Bank (BB) on Sunday instructed banks to take adequate measures to protect bank employees and customers from dengue, reports UNB.Banking Regulation and Policy Department (BRPD) gave special instructions to banks...

HC refuses to recall its probe order against S Alam Group

2023-08-14 00:00:00

FE REPORTThe High Court on Sunday refused to entertain an appeal for recalling its August 6 order that had directed the authorities concerned to conduct inquiry into the allegations against S Alam Group owner Mohammad Saiful Alam regarding the transfer...

Two visiting US Congressmen Ed Case and Richard McCormick met Foreign Minister Dr AK Abdul Momen

2023-08-14 00:00:00

Two visiting US Congressmen Ed Case and Richard McCormick met Foreign Minister Dr AK Abdul Momen at the State Guest House Padma in the city on Sunday. US Ambassador in Bangladesh Peter Haas was also present in the meeting —...

Govt pays no attention to drivers' wellbeing

FE Report | 2023-08-14 00:00:00

The transport worker leaders accused the government of never paying any attention to wellbeing of drivers (and helpers), although it spends billions of taka for development of road infrastructure and different professionals.They said the professions of drivers and helpers are...

China issues guidelines in bid to increase foreign investment

2023-08-14 00:00:00

BEIJING, Aug 13 (Reuters): China's State Council issued guidelines on Sunday that it said would further optimize the country's foreign investment environment and attract more foreign investment.The State Council said in a document containing 24 guidelines that authorities should increase...

HSBC named International Retail Bank of the Year

2023-08-14 00:00:00

HSBC Bangladesh has been awarded as the International Retail Bank of the Year for the third time in a row alongside the Best Marketing and Brand Initiative of the Year 2023, says a press release. The award ceremony held at...

IDCOL holds AGM

2023-08-14 00:00:00

The 26th Annual General Meeting (AGM) of Infrastructure Development Company Limited (IDCOL) was held on a virtual platform recently, says a press release. Sharifa Khan, Chairman of IDCOL and Secretary at the Economic Relations Division, presided over the meeting. During...

BENGAL COMMERCIAL BANK HOLDS EGM, AGM Bengal Commercial Bank held its 1st extra-ordinary General Meeting (EGM) and 3rd Annual General Meeting

2023-08-14 00:00:00

BENGAL COMMERCIAL BANK HOLDS EGM, AGM Bengal Commercial Bank held its 1st extra-ordinary General Meeting (EGM) and 3rd Annual General Meeting (AGM) at a city hotel recently. Md Jashim Uddin, Chairman of the Board of Directors of the bank and...

Alibaba posts unexpected 14pc increase in quarterly revenue

2023-08-14 00:00:00

BEIJING, Aug 13 (AFP): Chinese e-commerce giant Alibaba announced an unexpected 14 per cent on-year increase in quarterly sales on Thursday, following several difficult years and in spite of a broader economic slowdown.Alibaba is a key player in China's expansive...

Commerce Minister Tipu Munshi hands over subsidised food items to a family card holder

2023-08-14 00:00:00

Commerce Minister Tipu Munshi hands over subsidised food items to a family card holder after inaugurating the TCB sales programme at Mohammadpur in Dhaka on Sunday. — PID

IMF to review Sri Lanka's bailout in Sept

2023-08-14 00:00:00

COLOMBO, Aug 13 (PTI): The IMF will conduct the first review of the USD 2.9 billion bailout to Sri Lanka from September 11 to 19, State Minister for Finance Ranjith Siyambalapitiya said on Saturday and declared that the country has...

Curtain falls on first-ever industrial fair 'ATS Expo'

2023-08-14 00:00:00

Country's first-ever industrial exposition titled 'International Advanced Components and Technology (ATS) Expo-2023', hosted by Walton, was wrapped up on Sunday with huge responses, reports UNB.Planning minister MA Mannan attended the closing ceremony of the 'ATS Expo' as the chief guest...

England consider punting on Stokes, Archer for World Cup

2023-08-14 00:00:00

England haven't given up on the possibility of fielding two heroes from their ODI World Cup win from four years ago, Ben Stokes and Jofra Archer, during their title defence in India later this year, reports Cricbuzz. Stokes gave up...

Robert Mancini announces surprise resignation as Italy coach

2023-08-14 00:00:00

ROME, Aug 13 (AP): Italy coach Roberto Mancini surprisingly resigned on Sunday, ending an an up-and-down tenure with the national team that included a European Championship title in 2021 but also a failed qualification for last year's World Cup.The Italian...

Tigers begin closed-door practice session

2023-08-14 00:00:00

The Bangladesh national cricketers began a closed-door practice session as they gear up for the upcoming Asia Cup, reports BSS.They will continue the closed-door session, which doesn't allow any media or media session, till August 17.This is not the first...

London stocks hit as surprise GDP growth fans BoE rate hike fears

2023-08-14 00:00:00

UK's FTSE 100 fell on Friday in a broad-based selloff after data showing the British economy registered unexpected growth in the second quarter, raising speculation of more interest rate hikes from the Bank of England (BoE), reports Reuters.The export-oriented FTSE...

Asian companies earnings estimates get boost from consumption hopes

2023-08-14 00:00:00

Analysts are raising earnings estimates for Asian companies for the first time in four months as easing price pressures boost consumption while receding fears of a recession in developed markets is expected to help to lift export revenues, reports Reuters.Equity...