FE Today Logo

Search results for:


Professor Yunus to face trial in labour case

FE REPORT | 2023-05-09 00:00:00

The Appellate Division of the Supreme Court has rejected the plea to dismiss the case filed against four individuals, including Grameen Telecom Chairman Dr Muhammad Yunus, for violating labour laws. Consequently, the trial against Nobel laureate Muhammad Yunus will continue,...

Foreign fund inflows falling

FHM HUMAYAN KABIR | 2023-05-09 00:00:00

After a fall in remittance and export earnings last month, foreign-aid flow into Bangladesh also dipped 21 per cent as of March as the development partners got tightfisted on fund release, sources said.On the other side of the country's foreign-exchange...

Asia-Pacific region both perpetrator and sufferer

2023-05-09 00:00:00

Most Asia-Pacific countries are “insufficiently prepared” to face extreme weather events and natural disasters, which are growing in intensity and frequency due partly to climate change, according to a new study by a United Nations regional commission.While the region suffers...

Budget FY’24 on June 1

2023-05-09 00:00:00

Finance Minister AHM Mustafa Kamal is set to place in parliament the national budget for fiscal year (2023-24) on June 1, reports BSS.The date has been revealed in a document published by the Finance Division on Monday.In the document, responsibilities...

Forex reserves drop to $29.77b after ACU payment

JUBAIR HASAN | 2023-05-09 00:00:00

The pressure on Bangladesh’s foreign-exchange reserves continues to mount as the central bank cleared import payment amounting to US$ 1.18 billion through the Asian Clearing Union (ACU) mechanism on Sunday, officials said.After the clearance of import liabilities, the country’s forex...

Dodge invasive digital currency, go cashless

FE REPORT | 2023-05-09 00:00:00

Bangladesh should prefer building a cashless society rather than opting for invasive digital currency, experts suggest in disapproving of a move towards digitising money to be controlled by a central body.In their advice for the central bank at a seminar...

34 dengue cases reported

2023-05-09 00:00:00

Thirty-four more people were hospitalised with dengue in 24 hours until Monday morning, reports UNB.Of the new patients, 29 were admitted to hospitals in Dhaka and the rest outside it, according to the Directorate General of Health Services (DGHS).Eighty-three dengue...

Youth succumbs to injuries in city

FE REPORT | 2023-05-09 00:00:00

A youth, who was allegedly attacked and beaten by miscreants and drug dealers in city's Meradia on Friday, succumbed to his injuries on Monday.The deceased was identified as Md Imran Hossain, 35, son of Fazlul Karim, resident of the area....

Rana Plaza owner's bail stayed till July 10

FE REPORT | 2023-05-09 00:00:00

The Appellate Division of the Supreme Court (SC) on Monday extended its Chamber Court's order that stayed High Court (HC) bail to Sohel Rana, the owner of Rana Plaza, till July 10, in a murder case related to the Rana...

President asks varsities to focus on job-oriented edn

2023-05-09 00:00:00

President Mohammed Shahabuddin on Monday asked the country's universities to focus more on job-oriented education and research to cater to the need of the employment market, reports UNB.He said this when Jatiya Kabi Nazrul Islam University Vice-Chancellor Professor Soumitra Sekhar...

General SM Shafiuddin Ahmed inaugurates Running Track of Signal Training Centre

2023-05-09 00:00:00

Chief of Army Staff General SM Shafiuddin Ahmed inaugurates Running Track of Signal Training Centre and School in Jashore Cantonment on Monday — ISPR

Over 10pc people in BD thalassemia carriers

FE REPORT | 2023-05-09 00:00:00

Health experts highlighted on World Thalassemia Day that over 10 per cent of Bangladesh's population are carriers of genetic disorders caused by thalassemia or haemoglobin E. According to the South East Asia Regional Office of the World Health Organization (WHO),...

Three more held over Cumilla JL leader murder

2023-05-09 00:00:00

CUMILLA, May 08 (UNB): Police arrested three more people in connection with the murder of a Jubo League (JL) leader in Daudkandi upazila of Cumilla.The arrestees are Md Robi of Jiarkandi area of Titas upazila of Comilla district, Md Shahparan...

HC upholds cancellation of Zahangir's candidacy

FE REPORT | 2023-05-09 00:00:00

The High Court on Monday summarily rejected a writ petition filed by former Gazipur City Corporation (GCC) Mayor Mohammad Zahangir Alam challenging the legality of the authorities' decision to cancel his candidacy in the city corporation election to be held...

Election to be held in due time: Matia Chy

2023-05-09 00:00:00

Deputy Leader in parliament Matia Chowdhury has said the Jatiya Sangsad (JS) elections will be held in due time in the constitutional process, reports BSS."Many people are talking about the election... the country has a democracy, so elections will be...

EC working for free, fair city elections

2023-05-09 00:00:00

KHULNA, May 08 (BSS): Election Commissioner Brigadier General Md Ahsan Habib Khan said on Monday the Election commission (EC) is working tirelessly for holding free, fair and credible city corporation elections."The EC is very much alert to hold a free,...

Suppression on opposition men increasing as polls near: Rizvi

2023-05-09 00:00:00

BNP Senior Joint Secretary General Ruhul Kabir Rizvi said on Monday as the national election draws nearer, the 'illegal' government's partisan administration resorts to illegal cases, assaults, torture and widespread arrests against the party leaders and activists, reports UNB."Meanwhile, the...

Dr Wazed Miah's 14th death anniv today

2023-05-09 00:00:00

The 14th death anniversary of eminent nuclear scientist and Prime Minister Sheikh Hasina's husband Dr. M A Wazed Miah (Sudha Miah) will be observed today (Tuesday), reports BSS. The nuclear scientist was born on February 16, 1942 at Laldighee Fatehpur...

Hasan wants polls with participation of all parties including BNP

2023-05-09 00:00:00

Information and Broadcasting Minister Dr Hasan Mahmud has said BNP will make mistake if they fail to realise the image of Prime Minister Sheikh Hasina in the global arena and its huge support to her government, reports BSS."BNP surly could...

Indian shares rise after financials rebound from Friday's slide

2023-05-09 00:00:00

BENGALURU, May 8 (Reuters): India's key benchmarks advanced over 1 per cent on Monday, helped by a recovery in financials, strong earnings, and on improved sentiment following robust economic data from the United States.The Nifty 50 closed 1.08 per cent...

US stock index futures edge higher, key inflation data awaited

2023-05-09 00:00:00

US stock index futures edged higher on Monday ahead of a key inflation reading during the week that will be scrutinized for whether the Federal Reserve's efforts to cool prices were taking hold, while shares of regional lenders extended gains,...

Alibaba logistics arm eyes up to $2b Hong Kong IPO

2023-05-09 00:00:00

SYDNEY/HONG KONG, May 8 (Reuters): Alibaba's logistics arm aims to raise up to $2 billion via a listing in Hong Kong likely early next year, sources with knowledge of the matter said, bolstering hopes for a capital markets revival in...

European shares edge higher as energy, bank stocks gain

2023-05-09 00:00:00

European shares edged higher on Monday, with energy and bank stocks spearheading gains, but were range-bound ahead of key US inflation data due later in the week that would offer more cues on the Federal Reserve's monetary policy path, reports...

Euro zone investor morale unexpectedly dips in May

2023-05-09 00:00:00

BERLIN, May 8 (Reuters): Investor morale in the euro zone took a surprising dip in May, with stubborn inflation and energy concerns upending expectations of a spring recovery, a survey showed on Monday.Sentix's index for the euro zone fell to...

Qatar leads major Gulf markets lower on weak earnings

2023-05-09 00:00:00

Major stock markets in the Gulf fell in early trade on Monday, with the Qatari bourse leading the losses following a slew of disappointing corporate earnings, reports Reuters.The Qatari index slipped 0.6 per cent, with petrochemical maker Industries Qatar sliding...

Global shares rise, but dollar sags ahead of inflation data

2023-05-09 00:00:00

SYDNEY, May 8 (Reuters): Global shares edged up in light trading on Monday, ahead of US inflation data this week that could prove instrumental in setting expectations for the outlook for monetary policy.The dollar came under pressure as a deadline...

Regulator approves Savar Refractories' exit plan

FE REPORT | 2023-05-09 00:00:00

Savar Refractories reached an advanced stage of its exit plan of purchasing shares back from institutions and general shareholders.The Bangladesh Securities and Exchange Commission (BSEC) on Sunday gave its consent in principal. The company's offer price of Tk 95.52 per...

Dilwar H Choudhury re-elected Bank Asia audit committee chairman

FE DESK | 2023-05-09 00:00:00

Dilwar H Choudhury has been re-elected as the chairman of Board Audit Committee of Bank Asia Limited at a meeting of the board of directors held recently, said a statement.Mr Choudhury had been a career banker with 35 years of...

Peninsula Chittagong in the red in July-Mar FY23

FE REPORT | 2023-05-09 00:00:00

The Peninsula Chittagong's profit dropped 37.5 per cent year-on-year to Tk 5.93 million in January-March of the current financial year mainly for higher cost of sales.As a result, the earnings per share came down to Tk 0.05 in the third...

LafargeHolcim's profit doubles in Q1, bolstering leadership in cement industry

FE REPORT | 2023-05-09 00:00:00

LafargeHolcim's profit more than doubled year-on-year to Tk 1.91 billion in the first quarter through March, backed by what it said is new products and innovative building material solutions.The sales revenue also jumped 37 per cent year-on-year to Tk 8.54...