FE Today Logo

Search results for:


BERC raises LPG prices

FE REPORT | 2023-08-03 00:00:00

The prices of liquefied petroleum gas (LPG) have been increased by an average of 14.11 per cent for August selling by the private operators. The private traders now will retail a 12kg cylinder at Tk 1,140, up by Tk 141...

Mahbubul Alam elected FBCCI president

FE Report | 2023-08-03 00:00:00

Mahbubul Alam, a leader of the Sammilito Oikko Parishad, has been elected president of the Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) for the 2023-25 term.The elections took place Wednesday at the FBCCI office in Motijheel, Dhaka, where...

54pc dengue patients die in shock syndrome, 12 more deaths

FE REPORT | 2023-08-03 00:00:00

More than half of dengue patients who died had dengue-shock syndrome resulting in plasma leakage, according to an official analysis on Wednesday.Furthermore, most of the dengue patients died within 1-2 days of hospitalization, said Prof. Md. Shahadat Hossain, a director...

Inflation in BD stubbornly high despite fall in S Asia

FHM HUMAYAN KABIR | 2023-08-03 00:00:00

Bangladesh still sees consumer-price index (CPI) still indomitably high, pushed by price rises, despite significant fall in inflation in South Asian nations and worldwide, analysts said Wednesday.Global price fall of different commodities has hardly had impact on the inflation in...

Weather (2023-08-03)

2023-08-03 00:00:00

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

SCB, IIEI&H to organise eye camps

2023-08-03 00:00:00

Standard Chartered Bangladesh (SCB) and Ispahani Islamia Eye Institute and Hospital (IIEI&H) will collaborate in mitigating the impacts of visual impairment and preventing avoidable blindness, says a statement.In order to uplift communities with the gift of sight, SCB will enable...

No miracle to prevent dengue, says DSCC mayor

FE REPORT | 2023-08-03 00:00:00

Dhaka South City Corporation (DSCC) Mayor Sheikh Fazle Noor Taposh said on Wednesday the city corporation authorities have no miracle in their hand to prevent dengue.He said doing only a specific work does not give guarantee to eliminate Aedes mosquito;...

Call for collective action to safeguard victims' rights

FE REPORT | 2023-08-03 00:00:00

Speakers at a national dialogue on Wednesday called for collective action to combat trafficking in persons and safeguard the rights of victims.They said trafficking in persons and the smuggling of migrants remains the pervasive organised crime.These are recognised as crimes...

Overdependence raises public health hazards

DOULOT AKTER MALA | 2023-08-03 00:00:00

Mahruz Khaled prefers to wear a mask on his way to school, although Covid-19 restrictions have been relaxed, as he feels safe from exhaust fumes."My parents also advised me to wear a mask as I had asthma until I was...

HC rejects ACC's plea to bar Samrat's travel abroad

2023-08-03 00:00:00

The High Court (HC) on Wednesday rejected a petition filed by the Anti-Corruption Commission (ACC) seeking its order to stop expelled Jubo League leader Ismail Hossain Chowdhury alias Samrat from travelling abroad in a case filed over acquiring wealth beyond...

BCL attacks Nur at DU; 20 hurt

2023-08-03 00:00:00

Leaders and activists from Bangladesh Chhatra League (BCL) allegedly carried out an attack on Nurul Hoque Nur, the president of Gono Odhikar Parishad, in front of Dhaka University's TSC on Wednesday, reports UNB.At least 20 leaders and activists from the...

ACC pleads for 22 yrs' imprisonment for PK Halder, 13 others

2023-08-03 00:00:00

The Anti Corruption Commission (ACC) on Wednesday pleaded for 23 years of imprisonment for 14 including former Managing Director of NRB Global Bank Proshanta Kumar (PK) Halder in a case lodged for allegedly amassing illegal wealth and laundering money abroad,...

Tarique's graft case judgment reflects rule of law: Anisul

2023-08-03 00:00:00

Law, Justice and Parliamentary Affairs Minister Anisul Huq on Wednesday said the judgment in a graft case against BNP acting chairman Tarique Rahman and his wife Zubaida Rahman is the reflection of rule of law prevailing in the country, reports...

Tarique-Zubaida verdict ugly example of politicisation of judiciary: Fakhrul

FE REPORT | 2023-08-03 00:00:00

Bangladesh Nationalist Party (BNP) Secretary General Mirza Fakhrul Islam Alamgir on Wednesday in an instant reaction to a graft case verdict against party's acting chairman Tarique Rahman and his wife Zubaida Rahman said it is another example of the ruling...

Prime Minister Sheikh Hasina inaugurating 27 development schemes

2023-08-03 00:00:00

Prime Minister Sheikh Hasina inaugurating 27 development schemes and laying foundation stones of five development projects in Rangpur on Wednesday — PID Photo

Wall St futures tumble after Fitch downgrades top-tier US rating

2023-08-03 00:00:00

Wall Street futures tumbled on Wednesday after rating agency Fitch's move to downgrade the US government's credit rating hit appetite for risky assets around the world, reports Reuters.Fitch downgraded the United States to AA+ from AAA, citing fiscal deterioration over...

Saudi bourse extends losses; Dubai at 8-year high

2023-08-03 00:00:00

Saudi Arabia's stock market extended losses on Wednesday as profit booking continued after the index hit a nine-month high last week, while the Dubai bourse traded at an eight-year high, reports Reuters.Saudi Arabia's benchmark index dropped 0.8 per cent, on...

Global stocks drop, Treasury yields dip after Fitch downgrades US rating

2023-08-03 00:00:00

Global shares tumbled and Treasury yields dipped on Wednesday after ratings agency Fitch unexpectedly downgraded the United States' top-tier sovereign credit rating, reports Reuters.Fitch cut the United States by one notch to AA+ from AAA, citing fiscal deterioration, a decision...

Gloomy data makes investors more cautious on world economy

2023-08-03 00:00:00

Most global stocks dipped, while oil prices fell and Treasury yields climbed, as investors weighed declining factory activity in the euro zone and China with stabilizing US manufacturing and job openings that signaled a still-tight labor market, reports Reuters.On Wall...

IBBL Cellfin: One app for all banking solution

2023-08-03 00:00:00

Cellfin, the omni-channel banking app introduced by Islami Bank Bangladesh Limited in November 2020, has achieved huge popularity since its launch, says a press release. Presently, the app boasts an impressive user base of 2.7 million individuals.Cellfin is a comprehensive...

Mercantile Bank re-elects vice chairman

2023-08-03 00:00:00

ASM Feroz Alam has been re-elected Vice Chairman of Mercantile Bank Limited and Akram Hossain (Humayun) elected Chairman of the Executive Committee at the 426th meeting of the bank's Board of Directors recently, says a press release. Both of them...

BSEC asks Progressive Life Ins to address anomalies

FE REPORT | 2023-08-03 00:00:00

The securities regulator has asked the board of Progressive Life Insurance Company to address existing anomalies and make the company viable.The regulatory instruction came on Wednesday during a meeting held at the office of the Bangladesh Securities and Exchange Commission...

City Bank's H1 profit grows 9.22pc

FE REPORT | 2023-08-03 00:00:00

The City Bank Ltd has posted a profit after tax of nearly Tk 2.37 billion in January-June period of this year, registering a 9.22 per cent year-on-year growth, thanks to higher operating profit.The bank's consolidated profit after tax was more...

MTB wins ‘Fintech Innovation Challenge’ award

2023-08-03 00:00:00

Mutual Trust Bank (MTB) has been honoured with the 'Fintech Innovation Challenge' award in the 'Enabling Access to Finance for CMSMES' category by FinLab BD. This achievement highlights MTB's unwavering commitment to excellence and groundbreaking contributions to the banking industry....

Stocks stay afloat riding on small-cap shares

FE REPORT | 2023-08-03 00:00:00

Stocks stayed afloat for the second straight session on Wednesday as investors chased rumour-based, low-performing junk shares once again in anticipation of quick gains.Investors are turning to junk shares instead of fundamentals in hopes of higher returns from lower investments...

KSA achieves 63pc self-sufficiency in value-added agriculture sector

2023-08-03 00:00:00

RIYADH, Aug 02 (Arab News): The Kingdom of Saudi Arabia (KSA) has reached a 63 per cent self-sufficiency rate in the value-added agriculture sector following the drive of the state-run Sustainable Agricultural Rural Development Program, also known as Reef, to...

Extreme heat cuts into US small business

2023-08-03 00:00:00

ARIZONA, Aug 02 (Reuters): Record-breaking heat waves across the US forced small businesses to close early in July, according to a report released on Tuesday, and reduced paid working hours for employees as dangerous temperatures reshape consumer behavior.Hundreds of millions...

Toyota revamps iconic Land Cruiser with hybrid version

2023-08-03 00:00:00

TOKYO, Aug 02 (Reuters): Toyota on Wednesday unveiled the first hybrid version of its Land Cruiser that it will bring to North America and other key markets as it seeks to put a high-margin and iconic sports utility vehicle back...

Uber aims to be wider travel app

2023-08-03 00:00:00

LONDON, Aug 02 (BBC): Tour operators in the UK are on notice: Uber wants to take your business.The ride-hailing company, famous for upending the global taxi business, wants to do the same for holiday travel, by expanding the services available...

HSBC reports bumper profits on rising interest rates

2023-08-03 00:00:00

HONG KONG, Aug 02 (AFP): Banking giant HSBC said on Tuesday that pre-tax profit more than doubled to $21.7 billion in the first half of 2023, boosted by higher interest rates.The massive jump from $8.8 billion in the same period...