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A double regression on poverty, child labour feared

DOULOT AKTER MALA | 2022-09-23 00:00:00

Halima has sent her son to a motor workshop in Dhaka's Banglamotor area, at age as early as 11 years. It, evidently, represents a double regression, from progression in poverty alleviation and child-labour elimination. She syas she has been compelled...

Service Hub gets PSO licence

FE REPORT | 2022-09-23 00:00:00

Bangladesh Bank (BB) on Thursday issued a payment system operator (PSO) licence in favour of Service Hub Limited for providing online payment services in the country.The PSO's brand name is PayStation.A PSO facilitates payments of online trading between buyers and...

BB yet to allow rupee in foreign trade

2022-09-23 00:00:00

Bangladeshi businesses won't be able to use Indian Rupee for foreign trade as Bangladesh Bank (BB) is yet to enlist Rupee to settle letters of credit (LC), reports UNB.BB spokesperson and executive director Md Serajul Islam said that the central...

Dollar dearth, demand drop sink ship-breaking industry

MONIRA MUNNI | 2022-09-23 00:00:00

Scrap-ship imports have drastically dropped for dollar dearth and demand-side problems in Bangladesh, sources say, thus imperiling linkage industries and construction sector under knock-on impacts.Local ship-breakers have informed that the number of imported ships for dismantling has drastically fallen during...

Weather (2022-09-23)

2022-09-23 00:00:00

Light to moderate rain/thunder shower accompanied by temporary gusty wind is likely to occur at a few places over Rangpur, Mymensingh, Chattogram and Sylhet divisions in the next 24 hours from 06:00 am today (Friday), according to the Met Office.Day...

Construction work of Dhaka South City Corporation causing immense suffering

2022-09-23 00:00:00

Construction work of Dhaka South City Corporation causing immense suffering to the commuters as well as passersby. The photo was taken from the old city's Nayabazar area on Thursday — Focus Bangla

Orientation programme of summer semester 2022 of NSU

2022-09-23 00:00:00

Information and Broadcasting Minister Dr Hasan Mahmud, Bangla Academy Director General Mohammad Nurul Huda and North South University (NSU) Vice-Chancellor Professor Atiqul Islam were present at an orientation programme of summer semester 2022 of NSU on the university campus in...

Biker killed in city

FE REPORT | 2022-09-23 00:00:00

A motorcyclist was killed in a road accident in the city on Thursday. The deceased was identified as Md Nayem Islam, 19. A sand-laden running truck hit him on the highway near Ekuria under Keraniganj upazila in Dhaka, according to...

Covid claims one more life, 678 new cases

2022-09-23 00:00:00

Bangladesh reported another death from Covid-19 with 678 more cases in 24 hours until Thursday morning, reports UNB.With the new numbers, country's total fatalities rose to 29,346 while the total caseload to 2,020,148, according to the Directorate General of Health...

Dengue death toll rises to 48

2022-09-23 00:00:00

Two more dengue patient died in 24 hours until Thursday morning, raising this year's death toll from the mosquito-borne disease in Bangladesh to 48, reports UNB.During this period, 437 more patients were hospitalised with the viral fever as cases have...

DNCRP fines 137 business entities Tk 2m

FE REPORT | 2022-09-23 00:00:00

The Directorate of National Consumer Rights Protection (DNCRP) has fined 137 business entities over Tk two million. A total of 58 officials of central, divisional and district-level DNCRP officials carried out drives against 137 business entities at Chawkbazar, Moulvibazar, New...

Postponed SSC exams under Dinajpur Board from Oct 10-13

2022-09-23 00:00:00

DINAJPUR, Sept 22 (UNB): The postponed SSC examinations on four subjects under the Dinajpur Education Board will be held from October 10 to 13.The exams will start at 11:00 am, Professor Kamrul Islam, chairman of the Education Board told the...

TIB refutes Russia embassy statement on wheat, gas deal with Moscow

FE REPORT | 2022-09-23 00:00:00

The Transparency International Bangladesh (TIB) Thursday said it has nothing against any country as the source of supply of any product as Russian embassy in Dhaka related the TIB's statement recently about wheat import and gas drilling deals with Russia...

UGC to strengthen monitoring effort

FE REPORT | 2022-09-23 00:00:00

The University Grants Commission (UGC) will enhance the monitoring effort at the country's public universities as most of the development projects made little progress in the implementation phase. The implementation progress of most of the various development projects going on...

Isolated BNP takes path of anarchy, says Hasan

2022-09-23 00:00:00

Information and Broadcasting Minister Dr Hasan Mahmud on Thursday said the isolated BNP has taken the path of creating chaos and anarchies in the country as it did in 2013, 2014 and 2015, reports BSS."The BNP had created anarchies in...

No conspiracy can break unity of JP: Chunnu

2022-09-23 00:00:00

Though GM Quader and Raushon Ershad are apparently at loggerheads over the leadership of the Jatiya Party, its Secretary General Mujibul Haque Chunnu on Thursday said no conspiracy can break the unity of their party, reports UNB. "The Jatiya Party...

Gayeshwar urges public servants to discharge duties neutrally

2022-09-23 00:00:00

Calling upon the public servants to discharge their duties neutrally, BNP senior leader Gayeshwar Chandra Roy on Thursday said it is not the responsibility of the administration to help an 'anti-people' government perpetuate power, reports UNB."I would like to say...

BNP's dream of caretaker govt won't be fulfilled: Quader

2022-09-23 00:00:00

Awami League General Secretary and Road Transport and Bridges Minister Obaidul Quader on Thursday said the BNP is dreaming of the caretaker government and it will never be fulfilled, reports BSS."BNP is dreaming in broad day light on re-installation of...

Indian shares fall --

2022-09-23 00:00:00

BENGALURU, Sept 22 (Reuters): Indian shares dropped on Thursday, while the rupee hit a record low, after the US Federal Reserve raised interest rates and indicated it would raise rate more often than markets had expected.The NSE Nifty 50 index...

BoE to sell 8.7b pounds of government bonds in Q4

2022-09-23 00:00:00

LONDON, Sept 22 (Reuters): The Bank of England said on Thursday that it would sell around 8.7 billion pounds of government bonds in the final quarter of 2022, becoming the first major central bank to begin active sales.The BoE's Monetary...

Goldman, Barclays, SG raise Fed rate projections

2022-09-23 00:00:00

SINGAPORE, Sept 22 (Reuters): Goldman Sachs, Barclays and a bunch of investment banks raised their estimates for US policy rates on Thursday, following the Federal Reserve's 75 basis point rate rise and hawkish message the previous day.Goldman said in its...

China sends regulators to Hong Kong to assist US audit inspection

2022-09-23 00:00:00

HONG KONG, Sept 22 (Reuters): Beijing has sent a team of regulatory officials to Hong Kong to assist the US audit watchdog with onsite audit inspections involving Chinese companies, four people familiar with the matter said, as part of a...

Global markets tumble again as Fed hikes rates

2022-09-23 00:00:00

LONDON, Sept 22 (AFP): European stocks sank Thursday following sharp losses in Asia and on Wall Street, but the dollar spiked after the Federal Reserve signalled more hefty US interest rate hikes.Equities tanked after the US central bank warned of...

Swiss National Bank exits negative rates era with 0.75pc hike

2022-09-23 00:00:00

ZURICH, Sept 22 (Reuters): Switzerland exited the era of negative interest rates on Thursday when its central bank joined others around the world in tightening monetary policy more aggressively to combat resurgent inflation.The Swiss National Bank (SNB) raised its policy...

Toyota's vehicle output to be weighed down by chip shortage

2022-09-23 00:00:00

TOKYO, Sept 22 (Reuters): Toyota Motor Corp said on Thursday it plans to produce about 800,000 vehicles worldwide in October, about 100,000 short of its average monthly production plan, due to semiconductor shortages.The reduction could be seen as a worrisome...

WhatsApp Pay India head quits, joins Amazon

2022-09-23 00:00:00

BENGALURU, Sept 22 (Reuters): The head of WhatsApp's India payment business, Manesh Mahatme, has quit after more than a year with the Meta Platforms-owned company to join Amazon India, a source told Reuters on Thursday.Mahatme's exit comes at a critical...

UK watchdog clarifies post-Brexit conditions for share trading licences

2022-09-23 00:00:00

LONDON, Sept 22 (Reuters): Britain's financial watchdog set out plans on Thursday to clarify which operators must be licensed to trade stocks and bonds in its latest post-Brexit move to keep London's capital market competitive.Britain's new Prime Minister Liz Truss...

News Briefs (2022-09-23)

2022-09-23 00:00:00

Disbursement of dividend Bangladesh General Ins Co. Ltd: The company has disbursed the cash dividend for the year ended on December 31, 2021 to the respective shareholders.Board meetingKDS Accessories Limited: A meeting of the board of directors will be held...

Business review meeting of Karmasangsthan Bank held

2022-09-23 00:00:00

A business review meeting with the participation of regional managers and branch managers under the Rajshahi Division of Karmasangsthan Bank was held on Thursday at Postal Academy, Naodapara, Rajshahi. Managing Director Shirin Akhter was present as the chief guest in...

BGMEA, upay sign deal:

2022-09-23 00:00:00

The Bangladesh Garments Manufacturers and Exporters Association (BGMEA) and upay, one of the fastest growing mobile financial service providers in the country, entered into an agreement to disburse stipends through upay. BGMEA President Faruque Hassan and upay Managing Director and...