FE Today Logo

Search results for: l


Efforts on to rescue sailors, ship from pirates: Dr Hasan

NAZIMUDDIN SHYAMOL | 2024-03-16 00:00:00

CHATTOGRAM, Mar 16: Foreign Minister Dr Hasan Mahmud said on Saturday the government's efforts were underway to free the hijacked ship MV Abdullah and its sailors from the captivity of Somali pirates."We don't want to say what process we're going...

Novoair tried to dodge Tk 19.09m

GULAM RABBANI | 2024-03-16 00:00:00

Novoair tried to resort to fraud with intent to evade Tk 19.09 million in tax revenue, reads a report submitted to the High Court by the Customs House in Dhaka.The private airliner finally apologised to the authorities to secure relief,...

Projects to lose out on PPP funding for slow implementation

MUNIMA SULTANA | 2024-03-16 00:00:00

Six years after seeking Japanese investment, Dhaka outer ring road and Chattogram-Cox's Bazar highway development projects are likely to be dropped from the list of public-private partnership (PPP) funding options.The authorities have decided to drop the projects thanks to their...

Expedite smartphone adoption for 'Smart Bangladesh'

ISMAIL HOSSAIN | 2024-03-16 00:00:00

The country's vision of 'Smart Bangladesh' will not be attained if the people of the country do not use smart handsets to access smart or digital services, said Yasir Azman, chief executive officer of Grameenphone (GP)."And to make available and...

How RMG waste going to waste

Quamrul Ahsan | 2024-03-16 00:00:00

In recent decades, Bangladesh emerged as a rising star in the global textile and garment industry. It has become the third favoured and attractive sourcing destination, after European Union, for fashion brands worldwide. Bangladesh's inherent strength, rooted in its art...

Tragic end of a life devoted to Rabindrasangeet

Nilratan Halder | 2024-03-16 00:00:00

'Konodin jagibe na aar/ janibar garo bedanar/ abiram---abiram bhar/ sahibe na aar--' (Never will he wake up/ to experience deepest pain/ unbearable burden/ no more to bear). Yes, those who end their lives somehow find their pain overwhelming. Yet it...

How Ramadan's spirit is undermined

Asjadul Kibria | 2024-03-16 00:00:00

Like devotees in the rest of the world, the Muslims in Bangladesh have also started observing the holy month of Ramadan amidst high inflation. Sudden price spurt here is, however, not unusual in this month. Previous years' newspaper headlines such...

Blue Sukuk: Indonesia's sustainable ocean finance revolution

Md. Touhidul Alam Khan | 2024-03-16 00:00:00

Indonesia, boasting the world's largest archipelago, stands as a custodian of immense marine riches. Despite contributing modestly to its economy, the marine sector, encompassing fisheries, tourism, and conservation efforts, holds vast potential. With fisheries accounting for over 2.5 per cent...

On money supply & interest rate relationship

Abdullah A Dewan | 2024-03-15 12:00:00

Most people here in Bangladesh and abroad grew up learning from the media that when the central bank (CB) increases the money supply, interest rate decreases and the opposite happens when CB decreases the money supply. This has been misleading...

Gratuitous corporate tax relief ahead

DOULOT AKTER MALA | 2024-03-15 00:00:00

A slew of tax benefits may be declared three months ahead of the national budget for fiscal year 2024-25 under an urgency felt for easing burden on select corporate taxpayers.Educational institutions, asset-management companies, and leather- and leather-goods exporters would enjoy...

Celebrating the Quran during Ramadan

Asjadul Kibria | 2024-03-15 00:00:00

Ramadan, the ninth lunar month, carries profound spiritual significance for Muslims worldwide. For them, it is time for fasting from dawn to dusk and abstaining from physical intimacy to purify the soul and strengthen one’s connection with Allah. This sacred...

Prospect of Bangladesh when centre of gravity of world economy shifts

Nilratan Halder | 2024-03-15 00:00:00

At a seminar on multi-layered connectivity in the Bay of Bengal, Japanese ambassador Iwama Kiminori shared his futuristic insight into the potential of economic prosperity in the sub-regional belt surrounding the Bay of Bengal. He could not be more to...

High interest drags market down but it's bound to rebound: DBA president

MOHAMMAD MUFAZZAL | 2024-03-14 12:00:00

High interest rate is one of the key factors behind the downward trend of the country's capital market that was expected to become upbeat and stable after the national election. During an interview with The FE, Saiful Islam, president of...

Advance train ticket sale for Eid begins on March 24 online

FE ONLINE | 2024-03-14 00:00:00

Bangladesh Railway will start selling tickets for the April 3 travel of Eid passengers on March 24 and it will continue till March 30 entirely online to provide services to 33,500 passengers daily. Like last year, tickets of all trains...

No local co comes to take over from foreign firm

DOULOT AKTER MALA | 2024-03-14 00:00:00

Handover of the automated VAT system from Vietnamese company stalls as none of Bangladesh's software firms responded to revenue board's call for takeover, officials said.National Board of Revenue (NBR) sources say they have to drop their plan for makeover of...

Fareast Finance faces winding-up petition

GULAM RABBANI | 2024-03-14 00:00:00

A petition has been filed with the High Court for winding up non-bank financial institution Fareast Finance and Investment Limited (FFIL) after it repeatedly failed to repay depositors' money.Sterling Creations Limited, a garment-manufacturing company, filed the petition recently. They have...

Execution may cause tectonic shift in city's transport system

MUNIMA SULTANA | 2024-03-14 00:00:00

The Kamalapur Railway Station in the capital is proposed to be massively restructured and converted into a Multimodal Transport Hub (MmTH), according to an initial plan shared with the authorities concerned recently. The construction work of the mega project is...

True essence of Ramadan

Atiqul Kabir Tuhin | 2024-03-14 00:00:00

The holy month of Ramadan has begun, which enjoins on Muslims to observe day-long fasting, practice piety, and abstain from all sinful indulgences. Beyond the physical act of fasting from dawn till dusk, Ramadan serves as an opportunity for believers...

In a sadness-dripping Ramadan shines the light of God

Syed Badrul Ahsan | 2024-03-14 00:00:00

It is Ramadan, that season of self-abnegation and of remembrance of the munificence of the Almighty. It is that month when Muslims around the world give themselves over to self-restraint through fasting and prayer. In Ramadan, it is time to...

Restaurant business on the wane

GULAM RABBANI | 2024-03-13 00:00:00

Restaurant operators have been frustrated as uncertainty looms over opening of their shops in Ramadan amid the continued drives against 'non-compliant' buildings in the capital.The sector may face a long-term crisis if this uncertainty is not removed immediately, opined persons...

KSRM ship captured by pirates

NAZIMUDDIN SHYAMOL | 2024-03-13 00:00:00

CHATTOGRAM, Mar 12: A Bangladeshi flag carrier ship has been captured by pirates in the Indian Ocean on its way to the United Arab Emirates with coal from the African country of Mozambique.The ship MV Abdullah is owned by SR...

Higher salt intake poses risk of heart diseases

DOULOT AKTER MALA | 2024-03-13 00:00:00

Higher salt intake in foods is posing a risk of cardiovascular diseases among a vast majority of population in Bangladesh.Salt intake is 09 gram per day in Bangladesh against maximum 05 gram recommended by the World Health Organisation (WHO).Higher intake...

Market's weaknesses, regulatory conflict cut short post floor momentum

MOHAMMAD MUFAZZAL | 2024-03-13 00:00:00

Tension has been heightened among investors as they saw one after another an operational failure wiping out most of the prime index and a conflict between two regulatory bodies over the Ramadan trade schedule. That made a huge impact on...

Becoming a people-pleaser lest they say something!

Mehenaz Sultana Tisha | 2024-03-13 00:00:00

Kamini Roy's poem "Pachhe Loke Kichhu Bole" (Lest they say something) might be written with female oppression as a theme; however, in this age of curated lifestyles, everyone can relate to those carefully crafted words. We constantly feel that the...

Bangladesh economy still holding its ground

Hasnat Abdul Hye | 2024-03-12 12:00:00

Since the economic meltdown in Sri Lanka in early 2023 quite a few Cassandras in the profession of the ‘dismal science’ had been predicting that soon Bangladesh will go Sri Lanka’s way and that the collapse of Bangladesh economy was...

Female Biman aviators carry the day

Syed Fattahul Alim | 2024-03-12 00:00:00

On March 8, the International Women's Day (IWD), the national flag carrier, Biman, often the butt of criticism for its many failures, did something special that deserves praise. Though what happened had nothing to do with Biman's business performance, still...

Leather export source tax getting halved

DOULOT AKTER MALA | 2024-03-11 00:00:00

Source taxes on leather-and leather-goods exports are going to be halved to help the sector meet high-cost compliance precondition of buyers, as export diversification comes under government's top priorities.The National Board of Revenue (NBR) may cut the tax to 0.5...

TIB shows what the country's transport sector is 'famous' for

Neil Ray | 2024-03-11 00:00:00

The widespread irregularities, bribery and extortion prevailing in the transport sector, as found in a study carried out on it and released recently by the Transparency International, Bangladesh (TIB) chapter, only confirms the popular perception. It is quite natural that...

Who are behind Ramadan price hike?

Syed Fattahul Alim | 2024-03-11 00:00:00

The state minister for commerce last week had told the newsmen in Dhaka that any hike in prices of essentials was unlikely, as there would be abundant supply of the same during the holy month of Ramadan. But that assurance...

Time to estimate core inflation

Asjadul Kibria | 2024-03-10 12:00:00

Around five weeks ago, the International Monetary Fund (IMF) released the updated version of the World Economic Outlook (WEO), which showed the global inflation at a declining trend. It projected the global headline inflation to fall to 5.8 per cent...