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UK lifts countervailing tariff on steel bar, rod imports from India

2023-06-18 00:00:00

The UK government has announced the removal of an up to 4 per cent countervailing tariff on stainless steel bars and rods imported from India due to a perceived low impact on local suppliers, reports PTI.The UK's Trade Remedies Authority...

Supertanker freight rates jump as Mideast crude exports to Asia rise

2023-06-18 00:00:00

SINGAPORE, June 17 (Reuters): The costs of chartering supertankers to move crude oil from the Middle East to Asia have jumped to the highest since April as more cargoes are being booked in June, according to industry sources and data...

US drillers cut oil and gas rigs for seventh week in a row

2023-06-18 00:00:00

US energy firms this week cut the number of oil and natural gas rigs operating for a seventh week in a row for the first time since July 2020, energy services firm Baker Hughes Co said in its closely followed...

UN steps up criticism of IMF, WB

2023-06-18 00:00:00

UNITED NATIONS, June 17 (AP): From the ashes of World War II, three institutions were created as linchpins of a new global order. Now, in an unusual move, the top official in one - the secretary-general of the United Nations...

Putin confirms first nuclear weapons moved to Belarus

2023-06-18 00:00:00

MOSCOW, June 17 (BBC): Russia has already stationed a first batch of tactical nuclear weapons in Belarus, Vladimir Putin says. Russia's president told a forum they would only be used if Russia's territory or state was threatened.The US government says...

Saudi foreign minister in Tehran for talks

2023-06-18 00:00:00

TEHRAN, June 17 (AFP): Saudi Arabia's Foreign Minister Prince Faisal bin Farhan arrived Saturday in Tehran, Iranian media reported, in his first visit to Iran since a landmark rapprochement following a seven-year rupture.During his trip, the Saudi top diplomat is...

Ukraine advancing in the south

2023-06-18 00:00:00

KYIV, June 17 (Reuters/AFP): Ukrainian forces are advancing in southern sectors of their counter-offensive against Russian occupation troops, Ukrainian military officials said on Friday.The latest report on the counter-offensive, as well as an account of "desperate resistance" by Russian troops...

41 killed in Ugandan school attack

2023-06-18 00:00:00

KAMPALA, June 17 (AP): Ugandan authorities recovered the bodies of 41 people, including 38 students, following an attack by suspected rebels on secondary school near the border with Congo, the local mayor said Saturday.The victims included the students, one guard...

Crop diversification vital to ensure water security in Barind region

2023-06-18 00:00:00

RAJSHAHI, June 17 (BSS): Instead of depending on only Boro rice, large-scale promotion of diversified crop farming can be the crucial means of ensuring water security in the drought-prone Barind area.The area consisting of partial parts of Rajshahi, Naogaon and...

Incessant rains trigger fear of flood in Sylhet

2023-06-18 00:00:00

SYLHET, June 17 (UNB): Low-lying areas of different parts of Sylhet district have been inundated due to onrush of hill water and swelling of rivers caused by torrential rains for the last three days.The water levels in the Kushiara and...

LSD worries cattle farmers as Eid-ul-Azha nears

2023-06-18 00:00:00

Farmers in Bangladesh are sweating over the lumpy skin disease of cattle that has spread to several districts and caused deaths among cows, which threatens to dent their business with the ritual of animal sacrifice during Eid-ul-Azha less than two...

Reflecting on the developmental state

Muhammad Mahmood | 2023-06-18 00:00:00

The concept of developmental state has gone through various phases. Chalmer Johnson in 1982 provided the original framework of what is a developmental state. Johnson's original conceptualisation of the developmental state placed primary emphasis on the shared goals and ambitions...

Lack of educational facilities in remote areas

2023-06-18 00:00:00

There are many places in Bangladesh, which are hard to reach. They are remote shoals (chars), haors and some forested hill areas of Chittagong Hill Tracts (CHT). Children of these areas are often deprived of education. They do not know...

Importance of sound sleep

2023-06-18 00:00:00

Sound sleep is a prerequisite for sound health. Every healthy human being should have six to eight hours of sleep every day. According to a research, it has been found that sound sleep is associated with increased patience, optimism, focus...

Dhaka can't afford to lose Hatirjhil

Shihab Sarkar | 2023-06-18 00:00:00

The photographs of floating dead fish in the city's Hatirjhil water close to the Pan Pacific Sonargaon hotel, and the accompanying news, have lately emerged as a revolting site. After enjoying the scenic beauty of the lake and its banks...

New tax law to make higher-income people innovative

Jasim Uddin Rasel | 2023-06-18 00:00:00

Individual taxpayers' tax credit calculation will change as per the proposed Income Tax Act 2023, which will also impact the benefit of the taxpayers, mainly among the higher income earners. Low and middle income earners will have no negative impact...

Speeding up hydrocarbon survey in Bay

2023-06-18 00:00:00

Finally, after much procrastination, the much-awaited multi-client survey of the Bay of Bengal is underway. The joint Norway-US venture is undertaking the survey of approximately 32,000 km2 of the Bay. The rest 19,000 km2 will commence from February 24, 2024....

Draining of dollar is biggest headache

Syed Mansur Hashim | 2023-06-17 12:00:00

Due to multi-pronged problems plaguing the economy today, dollar crunch has turned the economy on its head. The depletion of foreign reserves has put Bangladesh and International Monetary Fund (IMF) at odds about how much money we precisely have. Regardless,...

‘Compulsory pre-marriage blood test’ must for a thalassemia-free Bangladesh

FE REPORT | 2023-06-17 00:00:00

Speakers at a reunion of blood donors and recipients called for making blood test compulsory before marriage to ensure building a thalassemia free Bangladesh. They said blood test helps identify the carriers of thalassemia and prevent the number of 25...

DGHS orders closure of Operation Theatre

2023-06-17 00:00:00

The Directorate General of Health Services (DGHS) on Friday ordered private 'Central Hospital' to suspend activities of its operation theatre until further orders due to dissatisfactory services at the Intensive Care Unit (ICU) and emergency department, reports UNB.Besides, the hospital's...

BD making significant efforts to eliminate trafficking: US

2023-06-17 00:00:00

The government of Bangladesh does not fully meet the minimum standards for the elimination of trafficking but is making significant efforts to do so, says a new report released by the United States on Thursday, reports UNB. The government demonstrated...

WHO says toxic syrup risk 'ongoing', more countries hit

2023-06-17 00:00:00

There is an ongoing global threat posed by toxic cough syrups, the World Health Organization (WHO) told Reuters, saying it was now working with six more countries than previously revealed to track the potentially deadly children's medicines.The UN agency has...

UN to adopt high seas treaty Monday

2023-06-17 00:00:00

UNITED NATIONS, United States, June 16 (AFP): The world's first international treaty to protect the high seas is scheduled to be adopted Monday at the United Nations, a huge step for the "historic" environmental accord after more than 15 years...

Fishes pricier, edible oil, local onion still high

FE REPORT | 2023-06-17 00:00:00

Edible oil and local onion prices are still at a high level, while fish prices witnessed another round of hike in the city kitchen markets, augmenting sufferings of the already-battered commoners.Indigenous rui was selling at Tk 600-1,150 a kg, depending...

Dollar shortage hits border trade with Myanmar

FE REPORT | 2023-06-17 00:00:00

Ongoing foreign-currency shortage has severely hindered border trade between neighbouring Bangladesh and Myanmar, according to official documents.The documents, prepared by the Bangladesh Embassy in Myanmar, highlight the potential consequences of the greenback crisis, suggesting that it may lead to an...

BRTC asked to get tightfisted, trim cost

FHM HUMAYAN KABIR | 2023-06-17 00:00:00

A Tk 12.53-billion project has been undertaken to procure 100 electric vehicles from India with much of the borrowed money allocated for avoidable expenses other than the import cost, insiders said.Only 36.30 per cent of the funds will go for...

Briefing 2023-06-17

2023-06-17 00:00:00

Prospect of rate hike rattles market Stocks plunged more than 1.0 per cent in the outgoing week to Thursday, the biggest single-week fall in nearly seven months, as jittery investors rushed to dump their holdings amid the prospect of interest...

Prayer Timings (2023-06-17)

2023-06-17 00:00:00

Light tremor jolts parts of country

2023-06-17 00:00:00

A light earthquake jolted different parts of the country including capital Dhaka on Friday, reports BSS.The quake was felt around 10.46am. It measured 4.5 on the Richter scale, according to a press release of the Bangladesh Meteorological Department (BMD).The quake's...

Focus on major reforms to attain revenue target

FE REPORT | 2023-06-17 00:00:00

A number of former top officials of the National Board of Revenue (NBR) opined that bringing drastic reforms, including automation in the tax administration, is the only way to achieve revenue target.They also said major reduction in tax benefits or...