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Limping Payra supporting work now seeks fund re-arrangement

FHM HUMAYAN KABIR | 2024-07-21 00:00:00

After the cost escalating 287 per cent than the original and time overrunning six more years, the Payra Port Authority now seeks fund re-arrangement to complete Payra seaport's operation-supporting project -- setting an epic example of how public work execution...

Curfew causes panic buying as essentials become more dearer

FE REPORT | 2024-07-21 00:00:00

Chained up supplies of essential items amid nationwide anti-quota protests face a further blow as curfew triggered a panic buying, causing already high prices of food items to escalate further in Dhaka. City kitchen markets on Saturday saw a low...

Garment factories to remain shut today

MONIRA MUNNI | 2024-07-21 00:00:00

The country's export-oriented garment factories will remain shut today (Sunday) amid the violent anti-quota protest, leading the authorities to enforce a curfew and announce general holidays on Sunday and Monday."Considering the safety of workers and security of the industries, we...

PM cancels official visit to Spain, Brazil: Hasan Mahmud

2024-07-21 00:00:00

Prime Minister Sheikh Hasina has cancelled her official visit to Spain and Brazil considering the current situation. Foreign Minister Hasan Mahmud confirmed the updates while briefing the media at the Ministry of Foreign Affairs on Saturday. The visit was scheduled...

Hundreds stranded at Dhaka airport

FE REPORT | 2024-07-21 00:00:00

Several hundred outbound passengers remained stranded at the Hazrat Shahjalal International Airport on Saturday following a technical glitch.As a result the passengers, who reached the airport after struggling with various odd situations amid the prevailing curfew and violent protest, had...

Dhaka, Seoul set to sign MoU to cement trade ties

FE REPORT | 2024-07-21 00:00:00

Bangladesh and South Korea are set to ink a memorandum of understanding (MoU) with an eye to further enhancing trade and investment relations between the two countries.Seoul earlier sent a proposal to sign an MoU. Later, both countries exchanged opinions...

Blaze engulfs a passenger-bus after it was set on fire

2024-07-21 00:00:00

Blaze engulfs a passenger-bus after it was set on fire in Dhaka's Jatrabari area on Saturday amid the anti-quota protest paralysing the capital. — FE Photo

IDLC Finance sees marginal profit rise on lower costs, provision

FE REPORT | 2024-07-21 00:00:00

IDLC Finance secured a 4 per cent year-on-year increase in profit to Tk 0.75 billion in the first six months through June this year despite a lower interest margin, supported by reduced provisioning and operating expenses. The non-bank financial institution's...

Prayer Timings (2024-07-21)

2024-07-21 00:00:00

More time needed to restore internet services: Palak

2024-07-21 00:00:00

It would take more time to restore the internet services across the country as the authorities concerned were trying to repair the cables burned in the Data Centre fire, said state minister for Posts, Telecommunications and ICT Zunaid Ahmad Palak...

Equity market shutdown quandary

MOHAMMAD MUFAZZAL | 2024-07-21 00:00:00

The stock exchanges have decided to keep the capital market closed for the two days to Monday after the government announced public holiday for the weekdays through an executive order. Trading may resume on Tuesday if the tension that ensued...

Quota protesters list 8-pt demand

FE REPORT | 2024-07-21 00:00:00

Student protesters handed the government an eight-point charter of demands with the foremost one asking for slashing the job quota to 5.0 per cent and ratifying that by an urgent act of parliament.They also demand, among others, compensation for families...

Economic activity stalls amid curfew

FE REPORT | 2024-07-21 00:00:00

Economic activity stalls and consumer supplies are running out in the capital and other cities as Bangladesh remains curfew-bound under government order to restore peace after bloodletting violence. Military armoured vehicles were seen rolling out of cantonments onto city streets...

Security lapse as two metro stations damaged

MUNIMA SULTANA | 2024-07-21 00:00:00

Sources said only four MRT policemen, including three constables, were inside the stations -- one at Mirpur 10 and another at Kazipara -- at the time of the attack.The Mirpur 10 station faced a similar threat on Thursday afternoon as...

General holiday today, tomorrow

FE REPORT | 2024-07-21 00:00:00

Amid the nationwide curfew to quell the deadly anti-quota protests, the government has announced a two-day general holiday on Sunday and Monday. In a circular issued on Saturday, the Ministry of Public Administration said all government, private and autonomous institutions,...

At least 15 more killed in clashes

FE DESK | 2024-07-21 00:00:00

At least 15 people including two policemen were killed and over 100 others injured during clashes between police and agitators in Dhaka and adjacent districts till Saturday evening, according to UNB reports quoting hospital data.Of them, Dhaka witnessed 11 deaths,...

Set on blaze

2024-07-21 00:00:00

Set on blaze on Friday night by miscreants, a traffic toll plaza on Dhaka Elevated Expressway stands charred at Mohakhali area— FE photo

Army personnel patrol a city street

2024-07-21 00:00:00

Army personnel patrol a city street on Saturday as the second round of curfew was imposed on the day following violent quota protests — FE Photo

Newspaper vendor at Chankharpool in Dhaka

2024-07-21 00:00:00

Completely different to business-as-usual, a newspaper vendor at Chankharpool in Dhaka finds customers streaming in on Saturday, due mainly to flaring up anti-quota violence and a nationwide internet blackout — FE photo

Three killed in Keraniganj road crash

2024-07-21 00:00:00

KERANIGANJ, July 20 (UNB): Three people were killed when a truck rammed into a CNG-run auto-rickshaw on Keraniganj-Nawabganj road in front of Diamond Malamine factory at Keraniganj in Dhaka on Saturday.The deceased were identified as Ratan, 45, Sujan, 35 and...

Khaleda Zia's condition stable, don't pay heed to rumours: Dr Zahid

2024-07-21 00:00:00

The health condition of BNP Chairperson Khaleda Zia, now undergoing treatment at the capital's Evercare Hospital, remains stable, according to her personal physician AZM Zahid Hossain, also a BNP vice chairman.Talking to UNB on Saturday evening, he dispelled various speculations...

Internet shutdown puts pre-paid electricity, gas consumers in trouble

2024-07-21 00:00:00

Electricity and gas consumers, who use pre-paid cards, have been facing difficulty recharging their cards, as the country has been experiencing internet shutdown since Thursday night amid the countrywide unrest over quota issue, reports UNB.According to consumers of different areas,...

RAB detains Nur

2024-07-21 00:00:00

Gono Odhikar Parishad President Nurul Hoque Nur was detained by law enforcers from his Rampura residence before dawn on Saturday, according to his party colleagues, reports UNB.Abu Hanif, a central leader of the party, claimed that a team of RAB-3...

BNP leaders Nazrul, Rizvi placed on one-day remand

2024-07-21 00:00:00

A Dhaka court on Saturday placed BNP standing committee member Nazrul Islam Khan and its Senior Joint Secretary General Ruhul Kabir Rizvi on a one-day remand in a violence case filed with Paltan Police Station, reports UNB.Dhaka Metropolitan Magistrate Md...

Killing, repression won't sustain AL's reign: Fakhrul

2024-07-21 00:00:00

Strongly condemning the arrests of opposition leaders and workers, BNP Secretary General Mirza Fakhrul Islam Alamgir on Saturday warned that the government would not be able to survive by resorting to killing and repressive acts, reports UNB.In a statement, he...

Govt to end impasse soon by rationally reforming quota system: FM

2024-07-21 00:00:00

Foreign Minister Hasan Mahmud on Saturday said the government is confident to end the impasse soon by rationally reforming the quota system to the satisfaction of the students within the provisions of the Constitution and the judgment of the Supreme...

Monetary Policy outcomes in H2 FY24

2024-07-21 00:00:00

The primary goals of Bangladesh Bank's (BB) monetary policy are to maintain low and stable inflation, support sustained economic growth, and preserve the financial stability of the Bangladesh economy. The announcement of this semi-annual Monetary Policy Statement (MPS) outlines BB's...

Startups facing formidable challenges

2024-07-21 00:00:00

Investments in Bangladeshi startups fell substantially in the first quarter of 2024, down 70 per cent from the previous quarter and 82 per cent from the same period last year. Only four startups received venture capital funding, marking a considerable...

CRM ushers in a new era in banking sector

2024-07-21 00:00:00

Banks play a pivotal role in keeping the economy running through monetary transactions. Currently, finding individuals not engaged in banking transactions is all but impossible. Bangladesh, being a densely populated country, presents ample opportunities for further growth of the banking...

A quick look at monetary policy

Asjadul Kibria | 2024-07-21 00:00:00

When inflation becomes unbearable or overall price situation becomes unstable, it is the central bank that has to face the biggest challenge to contain the inflation or retain the price stability in the developed countries. Though many developing countries have...