FE REPORT | 2023-09-27 00:00:00
Bangladesh's foreign-exchange reserves will stay on under pressures driven by rising import costs and foreign-currency intervention by the central bank, says Fitch Ratings amid already-persisting crunch. "We forecast foreign-exchange reserves to stay under pressure, driven by rising imports and foreign-currency...
YASIR WARDAD | 2023-09-27 00:00:00
Egg prices further declined to near the government-fixed MRP (maximum retail price) on Tuesday.Meanwhile, the declining price at farm level has been raising concern among importers who are in a finger crossed situation over their gains.Brown farm egg (non-branded) was...
FE REPORT | 2023-09-27 00:00:00
Fifteen more people died in the deadly dengue fever over the past 24 hours till Tuesday morning, with five of the fatalities having occurred in Dhaka.This unfortunate surge brings the total death count to a staggering 943, with Dhaka alone...
FE REPORT | 2023-09-27 00:00:00
First nuclear fuel for the Unit-1 of Bangladesh's maiden-2,400 megawatt (MW) Rooppur Nuclear Power Plant (RNPP) is expected to arrive in Dhaka next week, said sources.Russia is delivering the fuel through a special air cargo, which is expected to land...
FE REPORT | 2023-09-27 00:00:00
The premium on forward dollar transactions will be applicable only to the forward import payments, Bangladesh Bank said on Tuesday, clarifying its regulations on forward sale and purchase in foreign exchange.A forward contract is a non-standardised contract between two parties,...
JUBAIR HASAN | 2023-09-27 00:00:00
Lending rates are up for further rise as the regulator continues tightening its fist in a must-do combat to cool indomitable inflation and domestic-market turmoil. Sources say the banks' lending-rate rise is set to take effect in October in a...
FE REPORT | 2023-09-27 00:00:00
The Asian Infrastructure Investment Bank (AIIB) will provide US$4.5 billion to Bangladesh during the next five years, the ministry of finance said Tuesday.The loan is expected to help finance efforts to face climate change-induced problems, and play a pivotal role...
Light to moderate rain/ thunder showers accompanied by temporary gusty wind is likely to occur at a few places over Rajshahi, Rangpur, Chattogram and Sylhet divisions in the next 24 hours from 06:00 am today (Wednesday), according to the Met...
FE ONLINE DESK | 2023-09-27 00:00:00
The Police Bureau of Investigation (PBI) has filed a charge sheet against two for spreading misinformation about the kachchi served at Sultan's Dine, according to a local media report.The charge sheet was filed on September 19 in the Chief Metropolitan...
North South University Pharmaceutical Club (NSUPC) brought out a rally on the university campus in the city on Monday marking the World Pharmacists Day 2023. Professor Dr M Ismail Hossain, department of Economics, Professor Dr Hasan Mahmud Reza, dean of...
OUR CORRESPONDENT | 2023-09-27 00:00:00
CHATTOGRAM, Sept 26: Bayezid Link Road, the first-ever toll-paying road of Chattogram, will be named after Bangamata Fazilatunnesa Mujib.The Chattogram Development Authority (CDA) in its 458th board meeting in August decided to name Bayezid Link Road after Bangamata."In its 458th...
FE REPORT | 2023-09-27 00:00:00
Chinese Ambassador in Dhaka Yao Wen said cooperation between China and Bangladesh under the Belt and Road Initiative (BRI) has entered a harvest season.Bangladesh is the first South Asian country to join the BRI, which has taken root and blossomed...
Justice Obaidul Hasan took oath on Tuesday as the 24th Chief Justice of Bangladesh, reports UNB.President Mohammed Shahabuddin administered the oath at 11:00 am at the Darbar Hall of Bangabhaban, witnessed by the president's wife Dr Rebecca Sultana, Cabinet members,...
MUNIMA SULTANA | 2023-09-27 00:00:00
A sudden restriction on extracting sand from the riverbed and Balu Mahals (sand quarries) has created a crisis in managing the high demand for earth needed to widen the country's crucial Dhaka-Sylhet highway.According to sources, the SASEC Dhaka-Sylhet Corridor Investment...
Rapid Action Battalion (RAB) has arrested six members of outlawed Ansar Al Islam including its one of the key leaders Mejbah Uddin Chowdhury alias Abu Masrur from different areas in the city, reports BSS." Members of RAB-1 and Directorate General...
Election Commissioner Md Alamgir on Tuesday said as per the constitutional obligation, the next general elections must be held within January 29 next, reports BSS."A constitutional vacuum will be created if the next general polls are not held within January...
The government has turned the country into 'Hirak Rajar Desh' and it will meet the same fate as Hirak Raja, said BNP Standing Committee member Mirza Abbas on Tuesday, reports UNB."Bangladesh did not become independent to establish anyone's one-party rule....
Awami League (AL) General Secretary and Road Transport and Bridges Minister Obaidul Quader on Tuesday said Prime Minister Sheikh Hasina cannot be stopped by issuing visa policy and sanctions, reports BSS."Bangladesh will run in line with the constitution. It does...
NEW YORK, Sept 26 (Reuters): Cisco Systems' $28 billion deal for Splunk is likely to prompt other technology giants to splash out on similar acquisitions of software vendors with predictable subscription revenue, investment bankers and analysts say.Splunk, a cybersecurity and...
LONDON/SINGAPORE, Sept 26 (Reuters): The dollar rose to a new 10-month peak on Tuesday as US bond yields hit their highest level since October 2007, while the Japanese yen recovered from an early dip, with traders on alert for signs...
LONDON, Sept 26 (Reuters): US Treasury yields hit a peak not seen since the early tremors of the 2007-2008 global financial crisis on Tuesday, as fears of interest rates staying high for longer roiled risk assets globally and drove the...
The rally in India's mid- and small-cap stocks will continue amid more inflows into these segments, the head of India's tenth-largest mutual fund said on Tuesday, reports Reuters."The rally may continue due to more flows and less companies to invest...
Walton Digi-Tech Industries Limited handed over four electric bikes for the use in four government offices, including the Prime Minister's office. Other government offices are Gonobhaban, Road Transport and Highways Division and BRTA. Prime Minister's Principal Secretary Mohammad Tofazzel Hossain...
In an effort to facilitate the implementation of the Universal Pension Scheme, Agrani Bank Limited has reached an agreement with the National Pension Authority to collect various fees, charges, and monthly installments through the Digital Univarsal Pension Management System (UPENSION)....
Dhaka Bank Training Institute has concluded its 76th foundation training course for the newly recruited trainee assistant officers. In the 15-day course, 35 participants completed their banking foundation.
Islami Bank Bangladesh and Medix, a sister concern of United Healthcare Services Limited, signed a corporate agreement. Muhammad Qaisar Ali, managing director (current charge) of the bank, and Mohammad Faizur Rahman, managing director and CEO of United Hospital Limited, exchanged...
MTB Foundation recently signed an agreement with Nazrul Smriti Sangsad (NSS) for the project titled 'Creating alternative livelihood for vulnerable fishing communities through income generating activities'. The agreement was signed by Shahabuddin Panna, executive director, NSS, and Samia Chowdhury, chief...
SMART Technologies (BD) Limited (SONY-SMART) has launched an innovative nationwide campaign titled "Amra Korbo Joy (We shall overcome)" intending to boost Bangladesh Cricket Team's victory in the upcoming ICC Cricket World Cup and double the joy of television consumers. The...
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