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Earthquake jolts Dhaka

2023-05-06 00:00:00

An earthquake of magnitude 4.3 was felt in the capital and its adjoining areas around 05:57am on Friday.The epicentre of the earthquake was located around 14 km east-southeast of Dhaka’s Dohar upazila, at a depth of 10 km, according to...

BD may see its CAD, fiscal deficits ease

JASIM UDDIN HAROON | 2023-05-06 00:00:00

Pressures on Bangladesh economy from a twin-shortfall like current-account deficit and fiscal deficit may ease following resilient exports, moderation in commodity prices, and lower imports following import tightening.Such bellwether is predicted by Fitch Ratings Inc—an American credit-rating agency—in its latest...

PM Hasina interacts with Charles

2023-05-06 00:00:00

London, May 05 (UNB): Prime Minister Sheikh Hasina attended the Commonwealth Leaders' Event in London on Friday afternoon.The event started at 2:00 pm local time (7:00 pm Bangladesh time) at Marlborough House of the Commonwealth Secretariat at Pall Mall.At the...

Interest 'corridor' planned for lending, deposit rates

JASIM UDDIN HAROON and JUBAIR HASAN | 2023-05-06 00:00:00

Bangladesh Bank plans to introduce a much-hyped 'interest rate corridor (IRC)' following India's model to ensure coordinated lending and deposit rates under a financial-reform package. This is believed to be part of the central bank's monetary-policy-modernisation framework suiting an IMF...

Temperature may rise by 1-3°C today

2023-05-06 00:00:00

Rain/thunder showers accompanied by temporary gusty/squally wind is likely to occur at one or two places across the country in the next 24 hours until 06:00 pm today (Saturday), according to the Met Office.Day temperature may rise by (1-3)°C and...

News in Brief (2023-5-6)

2023-05-06 00:00:00

Youth crushed under train in cityAn unnamed youth has been killed under the wheels of a moving train in Karwan Bazar Rail Crossing in the city.. "The boy (17) was trying to cross the rail line in a hurry as...

Rajshahi mangoes hit market amid festivity

2023-05-06 00:00:00

RAJSHAHI, May 05 (BSS): Juicy and delicious fruit mango has started appearing in the markets of Rajshahi city and its adjacent areas as its harvesting began since Thursday morning, abiding by the instruction of local administration. Like the previous years,...

Unidentified man found dead in HC vicinity

FE REPORT | 2023-05-06 00:00:00

Police recovered dead body of an unidentified man, presumably aged around 60, from the mazar area of the High Court premises in the capital on Friday. An official of Shahbagh Police Station told the FE that after getting information they...

Rail operation from Dhaka suspended as freight train derails in Sirajganj

2023-05-06 00:00:00

SIRAJGANJ, May 05 (UNB): Train communication between Dhaka and the country's Western, Northern and Southern regions has remained halted since Friday afternoon after a freight train got derailed on Dhaka-Iswardi rail tracks in Ullapara upazila of Sirajganj. Md Mahbubur Rahman,...

Georgia Senate lauds BD's socio-economic development

2023-05-06 00:00:00

Foreign Minister AK Abdul Momen has expressed his gratitude to Georgia State Senate for passing a resolution praising Bangladesh's unprecedented economic development and contribution to regional peace for more than a decade, reports UNB.During his official visit to Washington, DC...

Sommilito Garments Sramik Federation formed a human chain

2023-05-06 00:00:00

Sommilito Garments Sramik Federation formed a human chain in front of the Jatiya Press Club in the city on Friday, demanding TK 23,000 as minimum wage for the workers — Focus Bangla

IBA entry test held at DU

DU CORRESPONDENT | 2023-05-06 00:00:00

The admission test for the BBA undergraduate programme under the Institute of Business Administration (IBA) at Dhaka University (DU) was held on Friday.The test for the 2022-23 academic session was held from 3:30 pm to 5:30 pm, reads a press...

Three categories of individuals can be brought under legal proceedings: HC

FE REPORT | 2023-05-06 00:00:00

The High Court (HC) has identified three categories of individuals who may be subject to legal proceedings under Section 138 of the Negotiable Instruments Act in cheque dishonour cases involving companies. The section addresses instances where cheques are dishonoured due...

Three 'Ansar Al Islam' men held in Noakhali, Cumilla

2023-05-06 00:00:00

Anti-Terrorism Unit (ATU), a specialized unit of Bangladesh Police, have arrested three suspected members of banned militant outfit 'Ansar Al Islam' from Noakhali and Cumilla, reports UNB. Tipped off, a special team of ATU conducted a drive at Atiakandi Baparibari...

Islami Muktijoddha Parishad urges govt to set edible oil price at Tk 150 per litre

2023-05-06 00:00:00

Islami Muktijoddha Parishad President Shahidul Islam Kabir urged the government to set price of edible oil at Tk 150 per liter by keeping consistency with the international market once needed to subsidize. He made the demand while addressing a session...

UP chairman among four held over attack on UNO

2023-05-06 00:00:00

FARIDPUR, May 05 (UNB): Police arrested four people, including a local union parishad chairman, early Friday for attacking UNO and others over a piece of land acquired for a government housing project in Faridpur's Madhukhali upazila on Thursday.Among the arrestees,...

Bangladesh Khilafat Andolan formed a human chain

2023-05-06 00:00:00

Bangladesh Khilafat Andolan formed a human chain in front of the National Press Club in the city on Friday, marking the 5th May International Doppa Day Celebrations — Focus Bangla

Govt works to build non-toxic state structure: Quader

2023-05-06 00:00:00

Awami League (AL) General Secretary and Road Transport and Bridges Minister Obaidul Quader on Friday said Prime Minister Sheikh Hasina's government has been working constantly to build a non-toxic state structure, reports BSS."The government is not making the state-structure toxic...

Fakhrul criticises govt for inaction on climate impact

2023-05-06 00:00:00

BNP Secretary General Mirza Fakhrul Islam Alamgir on Friday has criticised the government for its alleged lack of planning to protect the country's environment from the adverse effects of global climate change, reports UNB.At a seminar titled 'Climate Change: Bangladesh...

Chinese courier SF aims to raise up to $3b in Hong Kong listing

2023-05-06 00:00:00

HONG KONG/SYDNEY, May 5 (Reuters): China's largest express delivery company SF Holding Co Ltd plans to raise up to $3 billion in a second listing in Hong Kong as soon as later this year, in what would be one of...

J&J consumer arm's shares jump 22pc in market debut

2023-05-06 00:00:00

Shares of Johnson & Johnson's consumer-health spinoff Kenvue jumped 22 per cent on Thursday after its market debut on the New York Stock Exchange, making it the biggest US IPO in more than a year, reports CNBC. The new company's...

Global equity funds see biggest weekly outflow in five weeks

2023-05-06 00:00:00

Global equity funds suffered massive outflows in the week to May 3, hit by weak economic data and worries over a recession as investors were fretted about the likelihood of interest rates staying higher for an extended period, reports Reuters.According...

Heidelberg Cement shares surge 30pc as it turns profit

FE REPORT | 2023-05-06 00:00:00

Shares of Heidelberg Cement Bangladesh jumped nearly 30 per cent in the outgoing week to Wednesday, making it to the top of the weekly gainers' list, as the company returned to profit in the first quarter of 2023.Following the news...

Profit-booking pulls stocks down -

FE REPORT | 2023-05-06 00:00:00

Stocks saw a moderate correction in the outgoing week, snapping a four-week winning streak, as cautious investors opted for profit-booking on quick-gaining shares.Market experts said investors preferred to realize some gains as well as rebalance their portfolios based on the...

Gold sheds 2.0pc on US jobs growth

2023-05-06 00:00:00

Gold prices beat a fast retreat on Friday after above-forecast US payrolls data that could potentially see the Federal Reserve keeping interest rates high for longer than expected, reports Reuters. Spot gold lost nearly 2.0 per cent to $2,011.19 per...

Oil rises but on track for third weekly decline

2023-05-06 00:00:00

Oil prices rose on Friday but were poised for a third straight week of losses after markets registered dramatic drops on fears of a weakening US economy and slowing Chinese demand, reports Reuters. Brent crude rose $1.88, or 2.6 per...

German recession fears rise

2023-05-06 00:00:00

FRANKFURT, Germany, May 5 (AFP): Industrial orders at German factories saw their biggest fall in March since the outbreak of the Covid pandemic in 2020, data showed Friday, the latest sign that Europe's biggest economy is facing a steep downturn.New...

1,265 vehicles imported from Japan, S'pore arrive at Ctg port

2023-05-06 00:00:00

CHATTOGRAM, May 5 (UNB): A ship carrying record numbers of reconditioned vehicles imported from Japan and Singapore has arrived at the Chattogram port recently.The Malaysian flag carrier 'MV Malaysia Star' carrying 1265 reconditioned vehicles berthed at the port's Jetty No...

BFCC to supply EgyptAir food

2023-05-06 00:00:00

Biman Flight Catering Centre (BFCC) will supply foods to EgyptAir, reports UNB. "We have already had an understanding with BFCC that it will supply necessary foods to the Egyptian national flag carrier," said Farhad Hossain, executive director and chief operating...

BA owner slashes loss on strong demand

2023-05-06 00:00:00

LONDON, May 5 (AFP): British Airways (BA) parent group IAG said Friday that it slashed losses in the first quarter of the year, helped by "strong" demand from holidaymakers as the Covid recovery continued.Net losses totalled 87 million euros ($96...