FE REPORT | 2023-06-02 00:00:00
Although Finance Minister AHM Mustafa Kamal has considered inflation control as one of the big challenges, he wants to keep already-runaway price increases within a 6.0-per-cent limit in the next fiscal year with no brand-new strategy."The adjustment of fuel prices...
FE REPORT | 2023-06-02 00:00:00
Buying the US dollar from Bangladesh Bank’s reverses becomes further costlier as the central bank again raised the exchange rate by Tk 1.50 to Tk 106 each Thursday in a readjustment process.Officials concerned said the policy-rate raise came as part...
FE REPORT | 2023-06-02 00:00:00
The country's businesses have expressed a range of opinions regarding the proposed budget for the financial year 2023-24. They have noted that the budget reflects both promises made during an election year and attempts to tackle ongoing and impending issues...
FE REPORT | 2023-06-02 00:00:00
Individual income taxpayers’ tax-free threshold rises while the budget for fiscal year (FY) 2023-24 proposes Tk 2,000 as minimum tax for anyone submitting return on service-receiving TIN. The minimum income tax is obligatory for receiving specified government services no matter...
FE Report | 2023-06-02 00:00:00
Prices of some essential products, including ballpoint pen, napkin, tissue paper, soap, and plastic household items, may go up in the upcoming fiscal year (FY).The proposed budget for FY 2023-24, placed before the parliament on Thursday, may also push up...
SYFUL ISLAM | 2023-06-02 00:00:00
The proposed budget is not time-befitting in the context of the ongoing global and domestic economic crises, economists said, warning that it would fuel inflation further while forex reserves will feel increased pressure due to wider deficit.They were also sceptical...
JASIM UDDIN HAROON | 2023-06-02 00:00:00
An annual budget of Tk 7.62 trillion for Bangladesh is not that big given the size if its economy, but managing the money by taxing and borrowing will hurt commoners harder amid pinching inflation. Economists and analysts — leave aside political...
Rain/thunder showers accompanied by temporary gusty wind is likely to occur at one or two places over Chattogram and Sylhet divisions and weather may remain mainly dry with temporary partly cloudy sky elsewhere over the country in the next 24...
Bangladesh reported 70 more Covid-19 cases in the last 24 hours until Thursday morning as the cases keep rising in the country, reports UNB.With the new numbers, the country's total caseload rose to 2,039,417, according to the Directorate General of...
FE Report | 2023-06-02 00:00:00
The government is taking special measures to empower the youth with skill training and meet the challenges of the fourth industrial revolution (4IR), said Finance Minister AHM Mustafa Kamal in his budget speech on Thursday.In addition to skill development, necessary...
SM NAJMUS SAKIB | 2023-06-02 00:00:00
The proposed budget for the health sector will further increase out-of-pocket health expenditure, thus enlarging people's burden and sufferings in securing healthcare services, said health experts.They also feared that so many people would become new poor in meeting high health...
A Dhaka court has allowed expelled Jubo League president Ismail Hossain Chowdhury Samrat to go abroad for medical treatment, reports UNB.Dhaka Special Court-6 Judge Monjurul Imam on Thursday was scheduled to hear the charges in a case filed by the...
The Election Commission is taking action plan as per a road map it prepared for the upcoming national election, said Chief Election Commissioner Kazi Habibul Awal on Thursday, reports UNB."We have already prepared a road map for the next parliamentary...
BNP on Thursday described the national budget for the 2023-24 fiscal year as a smart one for plundering public money, reports UNB."It's surely a smart budget. No government can siphon off millions of Taka abroad more smartly than the current...
Leaders of Awami League (AL) and its associate bodies on Thursday held processions and rallies at various wards and thanas in the city hailing the proposed national budget for fiscal 2023-24, reports UNB.They welcomed the proposed budget and termed it...
Awami League (AL) General Secretary Obaidul Quader on Thursday said the ruling party never scores on an empty field and it always wants competitive elections, reports BSS."We always want competitive elections. The Awami League believes the people are the only...
LONDON, June 1 (Reuters): Oil steadied on Thursday as a potential pause in US interest rate hikes and the passing of a crucial vote on the US debt ceiling bill were offset by a report of rising inventories in the...
M AZIZUR RAHMAN | 2023-06-02 00:00:00
Bangladesh has signed a long-term LNG sales and purchase agreement (SPA) with QatarEnergy for up to 1.5 million tonnes per year for a 15-year period starting from January 2026."The SPA has two components - for 2026, which is the first...
Md Nazrul Islam, Deputy Managing Director of Union Bank Limited, along with other officials and guests inaugurated the Aganagar Sub-Branch of the bank at Keraniganj in Dhaka as the chief guest through videoconferencing from the Head Office at Gulshan recently.
The 27th annual general meeting of Pioneer Insurance Company Limited was held on Wednesday through a digital platform. M Anis Ud Dowla, chairman of the company, presided over the meeting. Directors AKM Rahmatullah MP, Tapan Chowdhury, Alamgir Shamsul Alamin, Sylvana...
COLOMBO, June 01 (AP): The Central Bank of Sri Lanka reduced its interest rates Thursday for the first time since the island nation declared bankruptcy, after stern fiscal controls, improved foreign currency income and help from an International Monetary Fund...
FE REPORT | 2023-06-02 00:00:00
An EU-funded scoping study on 'Options for Energy Storage in Bangladesh' has been conducted to support the government in its green energy transition.Concluded in May 2023, the study assessed available energy storage technologies, evaluated the role of energy storage in...
RIYADH, Saudi Arabia, June 01 (AP): Cristiano Ronaldo's first season in Saudi Arabia came to an end on Wednesday, although the star forward was absent as Al-Nassr beat Al-Fateh 3-0 to finish in 2nd place in the league.Ronaldo, who signed...
BUDAPEST, June 01 (Reuters): Europa League thoroughbreds Sevilla worked their magic yet again to beat AS Roma 4-1 on penalties on Wednesday and lift the trophy for a record-extending seventh time, while handing Roma boss Jose Mourinho his first defeat...
LAHORE, June 01 (Geo Tv): The visiting delegation from the International Cricket Council (ICC) - comprising Chairman Greg Barclay and Chief Executive Officer Geoff Allardice on Wednesday - declared Pakistan a peaceful country for sports and expressed their satisfaction with...
PARIS, June 01 (AFP): Paris Saint-Germain coach Christophe Galtier said on Thursday he hopes fans will give Lionel Messi a cordial reception in his final game at their Parc des Princes home.The game on Saturday against Clermont will mark the...
Nic Pothas, the newly-appointed assistant coach of the Bangladesh cricket team, stated that the team has already set their sights on the upcoming World Cup, which will be played in India later this year, reports UNB.Pothas has been working with...
N Korea will 'correctly' put spy satellite into orbit soon, Kim's sister saysSEOUL, June 01: North Korean leader Kim Jong Un's powerful sister said Thursday that Pyongyang would "correctly" place a spy satellite into orbit soon, a day after their...
BERLIN, June 01 (Reuters): Germany said on Wednesday it would shut down four out of five Russian consulates by revoking their licences, a tit-for-tat move after Moscow's decision to limit the number of German officials in Russia to 350.The move...
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