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Benazir submits written statement to ACC

FE REPORT | 2024-06-24 00:00:00

Former Inspector General of Police (IGP) Benazir Ahmed didn't appear before the Anti-Corruption Commission (ACC) on Sunday as the anti-graft body summoned him to quiz over graft allegations and amassing huge wealth beyond known sources of income.He instead sent a...

Revive regulator, rescind legal indemnity for fair energy pricing

FE REPORT | 2024-06-24 00:00:00

Revive regulator's tariff-adjustment authority to ensure fair pricing of power and petroleum products for Bangladesh's sustainable growth, an all-stakeholder meet recommends as an industrialist narrates business woes for high energy and fund costs. In this context, the speakers also demanded...

BD getting $400m AIIB budget support

FE REPORT | 2024-06-24 00:00:00

A US$400-million budget-support credit is forthcoming from the Asian Infrastructure Investment Bank (AIIB) for Bangladesh to help implement critical structural reforms meant for building climate resilience in development activity. Mainstreaming climate-change adaptation and-mitigation actions for a sustainable, resilient and inclusive...

Entrepreneurs in quandary as countryside banking squeezes

JUBAIR HASAN | 2024-06-24 00:00:00

Emergent entrepreneurs get into a quandary as countryside banking squeezes amid fallouts from uncapped high interest rates and obdurate inflation, thus affecting the overall national economy, sources say. Of late, commercial banks' focus on rural Bangladesh keeps shifting with the...

Light rain likely today --

2024-06-24 00:00:00

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

Two prisoners die while undergoing treatment at DMCH

2024-06-24 00:00:00

Two prisoners receiving treatment at Dhaka Medical College Hospital (DMCH) died on separate days. Inspector Md Bachchu Mia, in charge of the DMCH police outpost, made the confirmation, reports UNB. The deceased were identified as Shah Alam Hawlader, 60, from...

Chinese Minister Liu Jianchao in city

2024-06-24 00:00:00

Minister of the International Department of the Communist Party of China (CPC) Central Committee Liu Jianchao is now visiting Bangladesh to discuss issues of mutual interest between Bangladesh and China, reports UNB.He arrived in Dhaka on Saturday on a four-day...

US Embassy Dhaka awards $18K grants to young journalists

2024-06-24 00:00:00

The United States Embassy in Dhaka awarded grants to four projects by journalism students and young journalists on Sunday who participated in the first-ever TechCamp in Bangladesh, totaling US$ 18,430, reports UNB.The ceremony took place at Bangladesh Youth Leadership Center...

Home Minister Asaduzzaman Khan MP handing over a crest to Director General (DG) of Bangladesh Ansar

2024-06-24 00:00:00

Home Minister Asaduzzaman Khan MP handing over a crest to Director General (DG) of Bangladesh Ansar and VDP Major General A K M Aminul Haque at the Ministry of Home Affairs in the capital on Sunday. The agency secured the...

Cantonment saves Cox's Bazar from Arakan Army

2024-06-24 00:00:00

Ruling Awami League (AL) Whip Saimum Sarwar Komol on Sunday said if there was no cantonment, Cox's Bazar area would have been occupied by Myanmar's Arakan Army, reports UNB."If there was no cantonment, Cox's Bazar area would have been occupied...

Army Chief adorned with General rank badge

2024-06-24 00:00:00

Chief of Army Staff Waker-Uz-Zaman was adorned with the new rank badge of General in the presence of Prime Minister Sheikh Hasina at Ganobhaban in the city on Sunday, reports BSS.Chief of Naval Staff Admiral M Nazmul Hassan and Chief...

BTRC locks horns with IIG cos over Tk 976.35m dues

ISMAIL HOSSAIN | 2024-06-24 00:00:00

The Bangladesh Telecommunication Regulatory Commission (BTRC) is at loggerheads with the International Internet Gateway (IIG) companies over recovery of outstanding dues amounting to Tk976.35 million from 32 IIG companies. BTRC sent letters late last month to the IIGs to pay...

AL's upcoming challenge is to resist communal forces: Quader

2024-06-24 00:00:00

Awami League (AL) General Secretary Obaidul Quader has said the upcoming challenge of his party is to resist the communal evil forces under the patronisation of BNP, reports BSS.Quader said this while talking to reporters after placing a wreath at...

Fakhrul surprised over BPSA statement on graft stories in media

2024-06-24 00:00:00

BNP Secretary General Mirza Fakhrul Islam Alamgir expressed concern over the Bangladesh Police Service Association's (BPSA’s) statement regarding media reports on corruption allegations against its former and current officials, calling it a threat to the media uncovering the truth, reports...

Hasina greets freedom fighters

2024-06-24 00:00:00

Prime Minister (PM) Sheikh Hasina expressed her heartfelt greetings to all freedom fighters of the country, marking the 75th founding anniversary of Bangladesh Awami League, reports BSS.To mark the day, the PM sent flowers, fruits, and sweets to the war-wounded...

Awami League celebrates 75th founding anniversary

2024-06-24 00:00:00

Bangladesh Awami League, one of the country's oldest political parties, celebrated its 75th founding anniversary across the country on Sunday, reports BSS.The anniversary programme began with hoisting of the national flag and party flag atop at all party offices, including...

BADC HOLDS SMALLHOLDER AGRICULTURAL WORKSHOP

2024-06-24 00:00:00

BADC HOLDS SMALLHOLDER AGRICULTURAL WORKSHOP A workshop on Smallholder Agricultural Competitiveness Project (SACP) and Partner Project was held at the Bangladesh Agricultural Development Corporation (BADC) auditorium at Sech Bhaban in Dhaka on Sunday. Abdullah Sazzad, Chairman (Grade-1) of BADC, was...

Online grocery to become largest ecommerce category in US by 2026: J.P. Morgan

2024-06-24 00:00:00

Grocery is expected to become the largest e-commerce category by 2026 in the United States, where retail giant Walmart currently retains a dominant position, according to analysts at J.P. Morgan, reports Reuters.The brokerage said that as online grocery penetration increases...

SONALI BANK MARKS WORLD WHISTLEBLOWERS DAY

2024-06-24 00:00:00

SONALI BANK MARKS WORLD WHISTLEBLOWERS DAY Sonali Bank PLC organised a workshop on 'Whistleblowers' Policy, Code of Conduct, Discipline and Appeal' at the banks' head office conference room on Sunday, marking the World Whistleblowers Day-2024. Chairman of the Board of...

Egypt wants to import raw hides from Bangladesh

FE REPORT | 2024-06-24 00:00:00

Egypt is interested in importing raw hides from Bangladesh and tapping into the country's experience to develop its jute industry.Egyptian Ambassador to Bangladesh Omar Mohie Eldin Ahmed Fahmy expressed the interest during a courtesy call with State Minister for Commerce...

US credit spreads widen on political jitters, Treasuries rally

2024-06-24 00:00:00

NEW YORK, June 23 (Reuters): The spreads between US investment-grade corporate bond yields and US Treasuries have surged to their highest in over three months, in a sign of risk aversion due to political uncertainty in France and as US...

Philippe Varin elected ICC chair

FE Desk | 2024-06-24 00:00:00

International business leader Philippe Varin has been elected chair of the International Chamber of Commerce (ICC) -- the global trade platform representing over 45 million companies, according to a press release. Mr Varin takes over from Maria Fernanda Garza, who...

Bank Asia Holds 25th Annual General Meeting

2024-06-24 00:00:00

Bank Asia Holds 25th Annual General Meeting The 25th Annual General Meeting (AGM) of Bank Asia, was held virtually on June 23. Romo Rouf Chowdhury, chairman of the bank, presided over the meeting. Shareholders of Bank Asia approved 15 per...

Mohammed Salim joins Eastland Ins as CEO

FE Desk | 2024-06-24 00:00:00

Mohammed Salim has taken up the role of chief executive officer (CEO) at Eastland Insurance. He brings 30 years of experience in the insurance sector to the company, having previously served at state-owned non-life insurer Sadharan Bima Corporation (SBC) for...

Matiur Rahman's wealth build-up uncovers his breach of laws

Mohammad Mufazzal, Babul Barman, and Farhan Fardaus | 2024-06-24 00:00:00

Much talked-about revenue official Matiur Rahman has breached several legal provisions in his efforts to create wealth while serving the government, and he unknowingly admitted committing the offences in a recent TV broadcast. He said he had sat with the...

Madrasa teacher arrested over molesting student

2024-06-24 00:00:00

CHUADANGA, Jun 23 (UNB): A madrasa teacher has been arrested following allegations of molesting a student at Azizul Ulum Qawmi Madrasa and Orphanage in Alamdanga upazila of Chuadanga.The accused, Abdus Salam, reportedly molested the student near the madrasa's restroom and...

Youth's body recovered in Dinajpur

2024-06-24 00:00:00

DINAJPUR, Jun 23 (UNB): Police have recovered the body of a young man from the bank of the Karatoya River in Ghoraghat upazila of Dinajpur.The dead, Shahinur (28), is son of Babu Mia from Nandanpur village in Ghoraghat. He worked...

Services stymied at understaffed Rajshahi Public Library

OUR CORRESPONDENT | 2024-06-24 00:00:00

RAJSHAHI, June 23: Divisional Government Public Library, Rajshahi is encountering difficulties in performing its obligatory duties and delivering timely services to the readers due to an acute shortage of manpower as per the organogram. In the wake of the situation,...

Some tourist spots reopen as floodwater recedes in Sylhet

2024-06-24 00:00:00

SYLHET, June 23 (UNB): The local administration of Sylhet district has reopened several tourist spots, including Jaflong and Ratargul Swamp Forest, to visitors from Sunday afternoon following improvement in the flood situation.Tourists, tour operators, and boatmen at the locations have...

1,320 hectares of farmland under floodwater in Kurigram

2024-06-24 00:00:00

The water levels of Kurigram's rivers have started to fall as rain has eased in the district. But, even as flooding improves, crops on 1,320 hectares of land are still submerged in water. If the water does not retreat soon,...