Bangladesh kick off their T20 World Cup journey with a match against familiar rivals Sri Lanka today (Saturday) morning. The team is looking to turn the page on recent struggles, with captain Najmul Hossain Shanto emphasising a focus on a...
Tanim Asjad | 2024-06-08 00:00:00
Nobody expects the annual national budget to solve various socio-economic problems, as the budget is never a panacea. What is, however, rationally expected is that the finance minister's budget speech would recognise the key problems. Once the issues are recognised,...
Syed Mansur Hashim | 2024-06-08 00:00:00
The market of hybrid solar air conditioner is growing globally. As the world turns hotter, the demand for air conditioners has also gone up in Bangladesh along with other tropical countries. With the constant revision of power prices (upward) in...
The national budget that Finance Minister Abul Hassan Mahmood Ali placed in the Jatiya Sangsad (Parliament) on Thursday for the financial year (FY) 2024-25 recognises that the prevailing economic situation is complex and demands belt-tightening. Except for a few aberrations,...
FE REPORT | 2024-06-07 12:00:00
As fund shortage and slower development-works execution stood in the way, the government proposed to cut the national budget for the outgoing fiscal year by Tk 473.67 billion to Tk 7.14 trillion.The reduction would "ultimately give a breath of relief...
Finance Minister AH Mahmood Ali in his budget speech on Thursday said a target has been set to ensure compliance in 1550 factories in the ready-made garment sector during fiscal year 2024-25 (FY25) with a view to ensuring a decent...
FE REPORT | 2024-06-07 00:00:00
The Foreign Investors' Chamber of Commerce and Industry (FICCI) praised the proposed FY 2024-25 budget as a comprehensive plan addressing economic challenges and fostering business growth.In budget reaction on Thursday, FICCI particularly commended the proposed reduction in corporate tax rates...
FE REPORT | 2024-06-07 00:00:00
Bangladesh is going to frame 'prospective tax' annually to facilitate investors predict the rate for next year with an eye to making a proper business plan with its operation cost.In the Finance Bill-2024, finance minister Abul Hassan Mahmood Ali proposed...
FE REPORT | 2024-06-07 00:00:00
The interest payment on the government's domestic and foreign borrowing is estimated to be 7.79 per cent higher in the next fiscal year (FY 2024-25) than the revised amount of the last FY.The government's expenditures on account of interest payments...
MOHAMMAD MUFAZZAL | 2024-06-07 00:00:00
Individual investors are going to be subject to scrutiny of their beneficiary owner's (BO) accounts by the revenue authority for the first time ever for capital gain tax for FY25. According to the proposed budget unveiled by the finance minister...
FE REPORT | 2024-06-07 00:00:00
Market operators and experts have given mixed reactions to measures announced for the secondary market in the proposed budget for FY25.Finance Minister Abul Hassan Mahmood Ali finally went ahead with the capital gain tax, allowed undisclosed money into stocks, apartments,...
The government has allocated Tk 74.74 billion for the Liberation War Affairs Ministry in the proposed budget for the fiscal year (FY) 2024-25, reports BSS.The allocation is Tk 2.46 billion higher than the revised budget of Tk 72.43 billion of...
FE REPORT | 2024-06-07 00:00:00
Treatment in the country, certainly in specialised hospitals, is expected to be costlier as a higher custom duty has been proposed on the import of medical equipment and supplies by referral hospitals.Finance Minister Abul Hassan Mahmood Ali said in his...
FE REPORT | 2024-06-07 00:00:00
The government is set to allocate a total of Tk 2 billion for the development of renewable energy and to explore the potential of marine resources for the first time."Considering the importance of renewable energy in building a developed, prosperous,...
PARIS, June 6 (AFP): Novak Djokovic confirmed on Thursday he had undergone an operation on his right knee that he injured at the French Open and that it "went well", but gave no timeframe for his return.The 24-time Grand Slam...
LOS ANGELES, June 6 (AFP): Former US Army lieutenant general Reynold Hoover was named as the new chief executive of the Los Angeles 2028 Olympic Games organizing committee on Wednesday.The 63-year-old ex-soldier will assume day-to-day control of the organizing committee...
The 48th National B Chess Championship begins today (Friday) at Bangladesh Chess Federation hall-room, reports BSS.A total of thirty six players including three International masters Mohammad Fahad Rahman, Md Minhaz Uddin and Abu Sufian Shakil, ten FIDE masters, one woman...
BUENOS AIRES, June 6 (AFP): Argentina goalkeeper Emiliano Martinez says he is ready to "fight" with his club Aston Villa over being able to feature at this year's Olympic Games.Clubs are not obliged to release players for the Olympic football...
KOLKATA, June 6 (AFP): Indian football legend Sunil Chhetri was set for his final international Thursday, ending a career for his country spanning two decades that put him among the world's all-time leading scorers.The 39-year-old forward said last month that...
NEW YORK, June 06 (Agencies) Ireland will bank on their experienced batters Andy Balbirnie, Paul Stirling and Harry Tector to recover from the pummeling given by India and get their T20 World Cup campaign back on track when they face...
NEW DELHI, June 09 (Agencies): India's first game of the 2024 T20 World Cup vs Ireland in New York was played in front of many empty seats and the International Cricket Council's (ICC) inflated pricing and a very subdued marketing...
There are no plans in place to move any T20 World Cup fixtures out of New York despite growing fears over substandard pitches, reports BBC Sport.Serious concerns are mounting over the unpredictable nature of the drop-in surfaces at the Nassau...
BRIDGETOWN, Barbados, June 06 (AFP): Marcus Stoinis shone with bat and ball as Australia launched their bid for a grand slam of major cricket titles with a 39-run victory over Oman at the T20 World Cup in Barbados on Wednesday.Stoinis...
As Dallas hosts several matches of the ICC Men's T20 World Cup, the city's burgeoning cricket scene remains largely unnoticed by many of its residents, including an Ethiopian cab driver who expressed surprise upon learning about the tournament, reports UNB.The...
Foreign Exchange Corporate Branch of Islami Bank Bangladesh PLC organised a client get-together focused on foreign currency deposit accounts and cards on the branch premises on Wednesday. Muhammad Qaisar Ali, Additional Managing Director of the bank, addressed the programme as...
ICB Capital Manage-ment Limited (ICML) has launched three new investment products -- 'TIP Sanchita' for women, 'TIP Swadesh' for non-resident Bangladeshis, and 'TIP Sankalpa' for students.The ICML introduced these TIP (Term Investment Plan) products in a significant step towards expanding...
LONDON, June 6 (Reuters): Oil extended gains on Thursday, as support from growing expectations of an interest rate cut from the US Federal Reserve in September outweighed higher US inventories and OPEC+ plans to gradually increase supply.Brent crude futures were...
BENGALURU, June 6 (Reuters) - Indian shares ended higher for the second straight day on Thursday as investors moved past shock election results and awaited the formation of a coalition government.The NSE Nifty 50 index ended 0.89% higher at 22,821.40...
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