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Trend in cash holding outside banks: any reason for panic?

Zaid Bakht | 2024-05-31 12:00:00

The financial sector of Bangladesh experienced quite a bit of turbulence in recent times and in fact, is not out of the woods yet. In particular, there has been significant erosion of public confidence towards the country's banking sector. The...

Apathy towards sufferings of Remal victims

Nilratan Halder | 2024-05-31 12:00:00

There seems to be a widespread indifference to the follow-up of Remal's devastation. The impression is that the intensity of the cyclone was somehow less than anticipated and once people came to know about it, they could mind businesses other...

All leather cos now entitled to cash stimulus

FE REPORT | 2024-05-31 00:00:00

All leather companies are now eligible to get cash incentives for exporting leather goods, according to a central bank notification.The Foreign Exchange Policy Department (FEPD) of the Bangladesh Bank issued the circular issued on Thursday.Earlier, only 100-per cent export-oriented companies...

Japan to support Remal recovery efforts

2024-05-31 00:00:00

Japanese Prime Minister Fumio Kishida has extended condolences over the deaths and damage caused by Cyclone Remal and offered his country's support in rebuilding efforts, reports bdnews24.com.In a letter to Sheikh Hasina, Kishida said, "The Government of Japan will spare...

DB chief sees remarkable progress in probe

2024-05-31 00:00:00

Additional Commissioner and Chief of Detective Branch (DB) of Dhaka Metropolitan Police Mohammad Harun-or-Rashid on Thursday said the investigation into MP Anwarul Azim Anar murder has seen notable progress, reports UNB."Evidence was found and some digital data have been collected....

Dengue rings the alarm bell as monsoon approaches

SM NAJMUS SAKIB | 2024-05-31 00:00:00

After scorching temperatures in April and May, dengue cases are likely to rise in June, coinciding with the arrival of monsoon, according to entomologists.They said blistering heat kept the mosquito population in check, while cooler weather and increased rainfall in...

DCCI calls for using farmers-friendly tech

FE REPORT | 2024-05-31 00:00:00

The Dhaka Chamber of Commerce and Industry (DCCI) has called for using farmers-friendly technology for implementing smart agriculture in Bangladesh.The trade body made the recommendation at a seminar titled "Smart Agriculture: Issues and Challenges in Value Chain Development" at the...

Highway to Tamabil goes under water

2024-05-31 00:00:00

SYLHET, May 30 (UNB): Low-lying areas in five upazilas of Sylhet have been inundated amid incessant rain and onrush of water from upstream, leaving 3 lakh people stranded.The four flood-hit upazilas are Gowainighat, Jaintapur, Kanaighat, Zakiganj, and Companiganj.Flood water submerged...

Govt to restore Remal-hit houses, embankments, streets, says PM

2024-05-31 00:00:00

The Awami League government is working to restore houses, streets and embankments affected by Cyclone Remal, says Prime Minister Sheikh Hasina, report agencies.Expressing her gratitude to party leaders and activists for standing beside the affected people, the premier urged them...

Summit suspends LNG re-gasification

M AZIZUR RAHMAN | 2024-05-31 00:00:00

Summit shut down the LNG re-gasification operations on Thursday morning as its floating storage and re-gasification unit (FSRU) was reportedly hit and damaged by a floating broken stray pontoon amid the cyclone Remal mayhem. The incident resulted in a 40-percent...

Briefing 2024-05-31

2024-05-31 00:00:00

Prayer Timings (2024-05-31)

2024-05-31 00:00:00

BB hopeful of inflation easing in months

FE REPORT | 2024-05-31 00:00:00

The Bangladesh Bank has expressed cautious optimism that its own policy initiatives coupled with that of the government would help ease inflation in the coming months.It says there was a slight drop in the contribution of import-concentrated items in March...

May remittance already crosses $2.0b in a rebound

FE REPORT | 2024-05-31 00:00:00

Bangladesh is set to receive record-high remittance in May thanks largely to the depreciation of local currency against the American dollar, central bankers say on a note of optimism amid reserves worries. The country, long passing through multiple economic strains...

Remal ravages coastal farming

YASIR WARDAD | 2024-05-31 00:00:00

The severe cyclone Remal, which pounded Bangladesh from May 26 to 27, have done significant damage to the agricultural sector, affecting paddy, vegetables, fruits, betel leaves, fisheries and livestock.According to both agriculture, and fisheries and livestock ministries, a total of...

Tax expenditures targeted down by Tk 150b in FY25

DOULOT AKTER MALA | 2024-05-31 00:00:00

Direct-tax expenditure in terms of foregone revenues may shrink by Tk 150 billion in the upcoming fiscal year with the bundling out of numerous exemptions from major sectors that include physical-infrastructure construction. As per National Board of Revenue (NBR) estimate,...

Weather (2024-05-31)

2024-05-31 00:00:00

Rain/thunder showers accompanied by temporary gusty wind is likely to occur at a few places over Rangpur, Sylhet, Dhaka and Chattogram divisions in the next 24 hours from 06:00 am today (Friday), according to the Met Office. The highest temperature...

Shahed, four others indicted

2024-05-31 00:00:00

A Dhaka court on Thursday framed charges against five people, including Regent Hospital Chairman Mohammad Shahed, in a case over Regent Hospital's fake Covid test scam, reports UNB.The trial in the case began formally through framing of the charges.Dhaka Metropolitan...

Benapole-Mongla train service from tomorrow

2024-05-31 00:00:00

BENAPOLE, May 30 (UNB):A commuter train will start operation on Benapole-Mongla route from tomorrow (Saturday).Benapole Rail Station Master Saidur Rahman said the commuter train will leave for Mongla from Benapole at around 9:15 am via Khulna's Phultala.On November 01, a...

97pc work of Dhaka airport third terminal ends

2024-05-31 00:00:00

Ninety-seven per cent work of the 3rd terminal of Hazrat Shahjalal International Airport has been completed, said Civil Aviation and Tourism Minister Muhammad Faruk Khan on Thursday, reports UNB."I am satisfied at the progress of the work. 97 per cent...

Top court upholds status quo on handover of Dhaka Elevated Expressway shares

2024-05-31 00:00:00

The stay will remain in place until the first arbitration meeting is held between the Italian-Thai company and the Chinese company over the debt, reports bdnews24.comThe Appellate Division has upheld the status quo order on the transfer of Dhaka Elevated...

World No Tobacco Day today -

2024-05-31 00:00:00

World No Tobacco Day-2024 will be observed today (Friday) in the country as elsewhere in the world with the theme 'Protecting children from tobacco industry interference', reports BSS.To mark the day, various anti-tobacco organisations have chalked out programmes.The National Tobacco...

Bangabandhu scholarship to be introduced for 10 cadets from SIDS, African LDCs

2024-05-31 00:00:00

Bangladesh has offered cadet training scholarship after Bangabandhu Sheikh Mujibur Rahman in the country's five government marine academies for foreigners through International Maritime Organization (IMO), reports UNB.The sholarship has been offered for 10 cadets from Small Island Developing States (SIDS)...

Stop overcharging homebound passengers during Eid: Quader to bus owners

2024-05-31 00:00:00

Road Transport and Bridges Minister Obaidul Quader has called on bus owners to ensure that passengers are not overcharged as they travel home for Eid-ul-Azha. Speaking at a press briefing on Thursday, Quader emphasised the need for strict monitoring of...

2-day construction carnival begins at RUET

2024-05-31 00:00:00

RAJSHAHI, May 30 (BSS): A two-day construction carnival 1.0 began at Rajshahi University of Engineering and Technology (RUET) campus aimed at showcasing the brilliance of budding engineers.Building Engineering and Construction Management (BECM), under the Faculty of Civil Engineering, organised the...

Info commission warns three officials under RTI Act

2024-05-31 00:00:00

The Information Commission Bangladesh on Thursday warned three government officials for not providing information requested under the Right to Information (RTI) Act, 2009, reports BSS.Director General (DG) of National Institute of Biotechnology and its officer in-charge was warned by the...

Court slaps travel ban on RAB-2 ASP Uttam in graft case

2024-05-31 00:00:00

A Dhaka court in the city on Thursday imposed a travel ban on RAB-2 additional superintendent of police (ASP) Uttam Kumar Biswas in a graft case, reports BSS.Dhaka Metropolitan Senior Special Judge Mohammad Ash Shams Jaglul Hossain passed the order,...

India extending support to BD in Anar murder probe

2024-05-31 00:00:00

India is extending necessary support to Bangladesh in investigating the murder case of Anwarul Azim Anar, a parliament member from Jhinaidah-4 constituency, reports BSS."Case of Bangladesh MP is under investigation. From our side, the government of India is extending necessary...

Country goes under mafia's clout: BNP

FE REPORT | 2024-05-31 00:00:00

Bangladesh Nationalist Party (BNP) secretary general Mirza Fakhrul Islam Alamgir said the country has gone under the total control of the local mafia and looters.Mr Fakhrul said this after offering fateha at the graveyard of BNP founder and former president...

BNP pays tributes to Zia on his 43rd death anniv

FE REPORT | 2024-05-31 00:00:00

The BNP on Thursday paid homage to its founder Ziaur Rahman, marking his 43rd death anniversary, reports UNB.Party leaders and activists, led by its Secretary General Mirza Fakhrul Islam Alamgir, placed a wreath at Ziaur Rahman's grave at Sher-e-Bangla Nagar...