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Capital flight, stagflation, and policy dilemma

Abdullah A Dewan and Dewan Tahmid | 2023-10-04 12:00:00

The main news article on September 30 in FE stated: “Inflation in Bangladesh seems inexplicable with prices stubbornly staying manifold over production costs while it eases worldwide, a situation which some economists describe as ‘greedflation’ created by profiteers.” An alternative...

Unequal access to education

2023-10-04 00:00:00

Street children nap on raised wooden structures on a footpath, as another child heads to school. The photo was taken in Laxmi Bazar area of Dhaka on Tuesday. —FE Photo by Shafiqul Alam

Pro-AL teachers form new faction ahead of JU senate polls

JU CORRESPONDENT | 2023-10-04 00:00:00

Pro-Awami League teachers formed a new faction at Jahangirnagar University (JU) called 'Muktijuddher Chetona O Bangabandhur Adarsher Shikkhak Parishad' in anticipation of the upcoming senate teachers' representative election. Professor Dr Md. Motaher Hossain of the Institute of Business Administration (IBA)...

ULF to boycott CJ's felicitation Oct 08

FE REPORT | 2023-10-04 00:00:00

United Lawyers Front (ULF), a platform of anti-government lawyers, on Tuesday said Chief Justice Obaidul Hassan committed an unprecedented event in the Supreme Court's history of 52 years by receiving greetings from the Awami League's student wing.The organisation made the...

Citizens aged 14-18 can open MFS accounts without NID: BB

2023-10-04 00:00:00

Bangladesh Bank (BB) has given an opportunity to the youth aged 14-18 to open mobile financial accounts without National Identity Card (NID), reports UNB.The Department of Payment Systems of the central bank issued a circular in this regard on Tuesday...

Construction work to begin this year after a long hiatus

NAZIMUDDIN SHYAMOL | 2023-10-04 00:00:00

CHATTOGRAM, Oct 03: Construction work of the new Nagar Bhaban of Chattogram City Corporation (CCC) is set to begin within the current year after long 13 years of laying its foundation stone. The 20-storey Nagar Bhaban (City Building) of the...

Dengue claims 13 more lives, 2799 hospitalized

FE REPORT | 2023-10-04 00:00:00

Dengue claimed 13 more lives in the past 24 hours, including seven from Dhaka, bringing the total fatalities to 1030, said Directorate General of Health Services (DGHS) on Tuesday. Of the total deaths, 662 were from Dhaka city. The fatalities...

Arson violence won't be allowed before national polls: PM

2023-10-04 00:00:00

LONDON, Oct 3 (UNB): Prime Minister Sheikh Hasina has warned that her government won't tolerate any arson and atrocities, in the name of movement, before the next national election."There will be no scope left to spare if arson terrorism or...

President urges businessmen to forge resistance against graft, misdeeds

2023-10-04 00:00:00

President Mohammed Shahabuddin on Tuesday urged business leaders and entrepreneurs to build strong resistance against corruption and misdeeds as he addressed the industrial award-giving ceremony at the Osmani Memorial Auditorium in the city, reports BSS."You (businessmen) have to fight against...

Key poultry feed ingredient gets yet more tax waiver

FE REPORT | 2023-10-04 00:00:00

The National Board of Revenue (NBR) has offered yet another tax benefit on import of a key poultry feed ingredient to keep prices of broiler chicken and eggs affordable in the local market.The customs wing of the board issued a...

Mineral water, beverage producers in crosshairs of price manipulation probe

YASIR WARDAD | 2023-10-04 00:00:00

The authorities have initiated a probe after mineral water and beverage manufacturers raised product prices afresh a couple of months ago despite the items witnessing price surges last year.Market monitoring agencies convened on Tuesday to examine the justification behind the...

Briefing 2023-10-04

2023-10-04 00:00:00

Prayer Timings (2023-10-04)

2023-10-04 00:00:00

Saudi cos eye 1000mw solar energy deal, refinery investment

FE REPORT | 2023-10-04 00:00:00

Saudi energy-giant ACWA Power intends to invest in a 1000-megawatt solar- energy project in Bangladesh while another company of the oil-rich country plans investment in petroleum refinery. Saudi Ambassador in Dhaka Issa bin Youssef Al-Dahilan Tuesday spoke about these and...

ACC sumons Dr. Yunus, 12 others

FE REPORT | 2023-10-04 00:00:00

The Anti-Corruption Commission (ACC) has summoned Noble Laureate Dr. Muhammad Yunus and 12 others to appear before it to face questioning in a case filed by the anti-graft body on charge of embezzling and laundering TK 252.2 million from the...

Economic growth may fall to 5.6pc in FY ’24

FE REPORT | 2023-10-04 00:00:00

Economic advances in Bangladesh may decelerate as the World Bank lowers the country's growth forecast by 0.60- percentage points to 5.6 per cent for this fiscal amid blowing headwinds. Sluggish consumption and private investment -- amid high inflation and belt-tightening...

Private sector credit growth falls further to 9.75pc in August

JUBAIR HASAN | 2023-10-04 00:00:00

Amid the central bank's belt-tightening, private-sector credit growth continued to plummet in August, falling to its lowest level since October 2021. The decline is attributed to banks becoming more cautious and private borrowers losing credit appetite in the lead-up to...

Inflation inches down to 9.63pc in Sept

FE REPORT | 2023-10-04 00:00:00

National-level overall inflation stood at 9.63 per cent in September in a fall by 0.29-percentage points from August as per official statistics released Tuesday. However, average inflation stayed elevated at 9.29 per cent in September, with a little upturn amid...

Weather (2023-10-04)

2023-10-04 00:00:00

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

BUP starts global cyber security awareness

2023-10-04 00:00:00

A month-long programme has begun on Bangladesh University of Professionals (BUP) campus at Mirpur Cantonment in the city to observe the global 'Cybersecurity Awareness Month 2023', reports BSS.BUP Vice-Chancellor Major General Dr Md Mahbub-ul Alam inaugurated the programme as the...

BGB Director General Major General AKM Nazmul Hasan exchanging views

2023-10-04 00:00:00

Border Guard Bangladesh (BGB) Director General Major General AKM Nazmul Hasan exchanging views with officers and soldiers during his visit to BGB Sylhet Sector Headquarters on Monday — BGB

BGB's seized contrabands worth Tk 1.92b in Sept

2023-10-04 00:00:00

Border Guard Bangladesh (BGB) seized arms, ammunition, drugs and other contraband items worth Tk 1.92 billion (192 crore) during anti-smuggling drives across the country, especially in bordering areas in September, reports UNB.On the other hand, last August the BGB seized...

1,577 fire incidents recorded in Sept

2023-10-04 00:00:00

Four people were killed and 11 others injured in 1,577 fire incidents that occurred across the country in September this year, Fire Service and Civil Defence has said, reports UNB.Of them, 155 fire incidents occurred in Dhaka city where seven...

‘US doesn’t want to influence polls outcome’

2023-10-04 00:00:00

The United States has reiterated that it does not support any particular party and does not want to influence the outcome of the election in Bangladesh, reports UNB.The US only wants to ensure that the people of Bangladesh can freely...

29 Bangladeshi citizens return home from Myanmar

2023-10-04 00:00:00

Twenty nine Bangladeshi citizens returned home on Tuesday after serving jail terms in different prisons of Myanmar, reports UNB.They came back to Bangladesh through Teknaf border following a "Battalion Commander level flag meeting" between Border Guard Bangladesh (BGB) and Border...

RAB not worried about US visa policy, says official

FE REPORT | 2023-10-04 00:00:00

Rapid Action Battalion (RAB) is not worried about the US Visa Policy rather it is relentlessly working to build a society free from terrorists and violence, said an official of the elite force on Tuesday. "The visa policy is not...

General SM Shafiuddin Ahmed awards Regimental Colour

2023-10-04 00:00:00

Chief of Army Staff General SM Shafiuddin Ahmed awards Regimental Colour to 18 Field Regiment Artillery, 29th Engineer Battalion and 37 BIR and 38 BIR Battalion at East Bengal Regiment Centre MR Chowdhury parade ground in Chattogram on Tuesday —...

Govt urged to take prompt action against oligarchy

FE REPORT | 2023-10-04 00:00:00

The government has been urged to take initiatives against the oligarchies to rein in the prices of essential commodities that go uncontrolled in the domestic market and put consumers in the hardest condition in recent years.Breaking the oligopolies as well...

14-party alliance to participate in next vote jointly: Dilip

FE REPORT | 2023-10-04 00:00:00

The 14-party alliance will participate in the upcoming general election jointly for the sake of democracy, prosperity and development of the country.Communist Party of Bangladesh (CPB-ML) general secretary Dilip Barua disclosed this on Tuesday.He was addressing a function marking the...

Govt's only hope of survival is vote-stealing: Khasru

2023-10-04 00:00:00

FARIDPUR, Oct 03 (UNB): BNP standing committee member Amir Khasru Mahmud Chowdhury on Tuesday said that the government's only hope of survival is through stealing the upcoming election, as it has no one on its side, whether at home or...