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Tk 1.5 billion misspent on automating signaling system

MUNIMA SULTANA | 2022-09-24 00:00:00

Over Tk 1.5 billion has been splurged on projects in 20 years for installing automated traffic-control system in Dhaka, but to no avail as vehicle movement is still controlled by outmoded hand-signals in this megacity. Sources said not a single...

Briefing 2022-09-24

2022-09-24 00:00:00

Stocks back in black after correctionStocks bounced back in the outgoing week, returning to uptrend after a single-week correction, with investors mostly focused on selective large-cap issues. Of the five trading days this week, three sessions posted gains while two...

Prayer Timings (2022-09-24)

2022-09-24 00:00:00

Returnees from reverse migration on repeat exodus

DOULOT AKTER MALA | 2022-09-24 00:00:00

Grueling inflation now forces a section of low-income people either to go back to villages or shift their family members as a coping strategy, in a repeat of the corona-driven reverse migration. Some analysts see signs of recession in the...

ERL unable to refine Russian crude

NAZIMUDDIN SHYAMOL | 2022-09-24 00:00:00

CHATTOGRAM, Sept 23: Possibility of refining imported Russian heavy crude at Eastern Refinery Limited (ERL) waned further as the country's lone refiner has said in a report that it does not have the capacity to refine the lower grade oil....

A final reckoning on trade subsidy outcome

SYFUL ISLAM | 2022-09-24 00:00:00

A final reckoning starts on the outcome of providing trade subsidy to different sectors and how further they need it to become self-reliant as spoon feeding has to stop after Bangladesh's LDC graduation. Finance officials have said in the current...

Scrap capacity payment provision

FE REPORT | 2022-09-24 00:00:00

Speakers at a webinar have demanded annulling the provision of making capacity payments to idle power plants to keep down overall electricity-generation costs and keep the national economy vibrant.They also have suggested a pragmatic forecast over the country's power and...

Overall output surges but many see slump

JASIM UDDIN HAROON | 2022-09-24 00:00:00

Overall output of Bangladesh's large and medium industries surged, propelled by export-propped clothing sector, but a large number of others saw a slump as per latest data.Many believe the country has been reeling from the impact of the Ukraine war...

Weather (2022-09-24)

2022-09-24 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 (Saturday), according to the Met Office.It...

Sharat Utsab (autumn festival)

2022-09-24 00:00:00

Dhaka University Fine Arts Faculty organised a cultural programme, marking the Sharat Utsab (autumn festival) on the university campus in the city on Friday — FE Photo

Missing Khulna woman found dead in M'singh, claims daughter

2022-09-24 00:00:00

KHULNA, Sept 23 (UNB): Rahima Begum, 52, of Khulna, who had been missing since August 27, was found dead in Mymensingh, her daughter has claimed."I have just found my mother's body," this is what Moriom Mannan, daughter of Rahima, wrote...

Covid positivity rate rises to 15.38pc

2022-09-24 00:00:00

Bangladesh reported another death from Covid-19 with 620 more cases in 24 hours until Friday morning, reports UNB.With the new numbers, country's total fatalities rose to 29,347 while the total caseload to 2,020,768, according to the Directorate General of Health...

International Conference on Drug Discovery and Development (ICDD) and Pharma Fest 2022

2022-09-24 00:00:00

Major General Mohammad Yousuf, Director General of the Directorate General of Drug Administration (DGDA), Abdul Hai Sarker, Chairman of the IUB Board of Trustees, and Independent University, Bangladesh (IUB) Vice-Chancellor Tanweer Hasan, among others, were present at the International Conference...

US announces over $170m in addl humanitarian help for Rohingyas

2022-09-24 00:00:00

The US has announced over US$170 million in additional humanitarian assistance for Rohingyas inside and outside Myanmar as well as for host communities in Bangladesh, reports UNB."With this new funding, our total assistance in response to the Rohingya refugee crisis...

Villagers in despair as rivers erode Faridpur farmlands

2022-09-24 00:00:00

Faridpur's Padma and Madhumati rivers are swallowing farmlands and houses, leaving hundreds of villagers in panic. The erosion of the river banks has been going on in Alfadanga Upazila over the last 15 days, putting the district's largest housing project,...

BD youths call a halt to high reliance

FE REPORT | 2022-09-24 00:00:00

Bangladeshi youth activists have urged the government and investors to put a stop to the country's high dependence on fossil fuel imports, primarily liquefied natural gas (LNG) imports.They demanded an end to these environmentally harmful activities, calling for fostering renewable...

Seniority from day of service regularisation

FE REPORT | 2022-09-24 00:00:00

The apex court rules that seniority of the employees is to be counted from the date of regularisation of their service and absorbed in the revenue set-up from development projects.This regularisation depends on the recommendation of Public Service Commission or...

PM proposes five actions at UN to resolve Rohingya crisis

2022-09-24 00:00:00

NEW YORK, Sept 23 (UNB): Prime Minister Sheikh Hasina on Thursday called upon the international community to take five actions to resolve the prolonged Rohingya crisis, including political and financial support to them. She made the call at a high-level...

Dr Shakir lands in jail after remand over militant link

2022-09-24 00:00:00

A Dhaka court has sent Dr Shakir Bin Wali to jail after completion of his two-day fresh remand in a case lodged under Anti-Terrorism Act with city's Rampura thana.Dhaka Metropolitan Magistrate Mohammad Nurul Huda Chowdhury passed the order on Friday...

FM attends dinner hosted by Jaishankar in New York

2022-09-24 00:00:00

Foreign Minister Dr AK Abdul Momen attended a dinner hosted by Indian External Affairs Minister Dr S. Jaishankar in New York Thursday night, reports UNB."Glad to host an evening of like-minded partners on the sidelines of the 77th UNGA," said...

‘Elections won't be held under govt's control’

2022-09-24 00:00:00

RANGPUR, Sept 23 (BSS): Awami League (AL) Presidium Member and former state minister Advocate Jahangir Kabir Nanak today said the elections in the country will not be held under the control of the government."The elections will be conducted under control...

Fugitive accused held in city over BCL leader's murder

2022-09-24 00:00:00

Rapid Action Battalion (RAB) on Friday claimed to have detained a fugitive wanted in the 2014 murder of a Bangladesh Chhatra League (BCL) leader in Dhaka, reports UNB.The accused is Md Iqbal Hossain Tareq (38), originally a resident of Chandpur...

Police arrest UP chairman for making fortune through fraud

FE REPORT | 2022-09-24 00:00:00

Detective Branch (DB) Police of Dhaka Metropolitan Police (DMP) has arrested an UP chairman on charges of fraud.The arrestee is Jakir Hossain (43), union parishad chairman of Maenkarchar under Meghna upazila of Cumilla district. Jakir was arrested from Meghna upazila...

BNP wants to create anarchic situation in country: Amu

2022-09-24 00:00:00

Awami League (AL) Advisory Council Member and 14-party Alliance spokesperson Amir Hossain Amu on Friday said strict action will be taken if BNP tries to create anarchic situation in the name of movement in the country, reports BSS."We don't want...

BNP will give reply to Shaon's murder by ousting AL govt: Fakhrul

2022-09-24 00:00:00

BNP Secretary General Mirza Fakhrul Islam Alamgir on Friday said their party will give a reply to the killing of Munshiganj Jubo Dal activist Shahidul Islam Shaon by ousting the government, reports UNB."The blood of Shaon has encouraged us to...

News Briefs (2022-09-24)

2022-09-24 00:00:00

Asia-Pacific shares drop Asia-Pacific shares fell on Friday as investors continue to weigh the Federal Reserve's aggressive stance. In Australia, the S&P/ASX 200 fell to its lowest levels since July on its return to trade after a holiday on Thursday,...

Blackstone to sell $400m stake in REIT Embassy

2022-09-24 00:00:00

MUMBAI, Sept 23 (Reuters): Blackstone Inc will sell a stake worth up to $400 million in Embassy Office Parks REIT, India's biggest real estate investment trust, via Indian stock exchange block deals, three sources familiar with the matter told Reuters.Abu...

Delta Life's board reconstituted:

2022-09-24 00:00:00

 A meeting of the newly reconstituted Board of Directors of Delta Life Insurance Company Limited was held on Thursday. The Board of Directors has been reconstituted after the Insurance Development and Regulatory Authority (IDRA) withdrew the suspension of the Board...

NRBC Bank awarded as 'Best Bank':

2022-09-24 00:00:00

 NRBC Bank has won six prizes as 'Best Bank' at the South Asian Business Excellence Awards 2022 ceremony. The bank has been crowned with the titles of 'Brand excellence in BFIS', 'Best use of IT & Technology', 'Best Use of...

Alibaba to invest $1b in cloud computing

2022-09-24 00:00:00

Alibaba said it will invest $1 billion over the next three fiscal years to support its cloud computing customers as the Chinese e-commerce giant looks to reignite growth after a historical slowdown, reports CNBC.The investment consists of "financial and non-financial...