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Dhaka WASA to stop subsidies on water: Tajul

2022-09-03 00:00:00

LGRD Minister Md Tajul Islam has said that no subsidy will be provided by Dhaka Water Supply and Sewerage Authority (Dhaka WASA) from now on. The minister also said that lower income people living in the city's slums will be...

Make PM’s hand stronger to materialise Bangabandhu's dream, says Momen

2022-09-03 00:00:00

SYLHET, Sep 02 (UNB): Foreign Minister AK Abdul Momen has urged all to strengthen Prime Minister (PM) Sheikh Hasina's hands to materialise the dream of Bangabandhu to build Sonar Bangla.Bangabandhu Sheikh Mujibur Rahman had done everything for the nation that...

Yaba use, inflow soaring unabated

Jubair Hasan | 2022-09-03 00:00:00

The use and inflow of contraband drug Yaba continues to mount unabated despite various anti-narcotics measures of government agencies and different initiatives of non-government organisations, officials concerned have said. Worries have mounted over the rising addiction of the amphetamine-type stimulant...

UK former ambassador jailed in Myanmar

2022-09-03 00:00:00

LONDON, Sept 02 (BBC): The UK's former ambassador to Myanmar and her husband have each been sentenced to one year in prison by the country's military authorities.Vicky Bowman and Htein Lin, a former political prisoner, were charged with breaching immigration...

Myanmar court sentences Suu Kyi to 3 years for voting fraud

2022-09-03 00:00:00

BANGKOK, Sept 02 (AP): A court in Myanmar on Friday sentenced the country's ousted leader Aung San Suu Kyi to three years' imprisonment after finding her guilty of involvement in election fraud.The ruling adds more jail time to the 17...

Modi commissions India’s first home-built aircraft carrier

2022-09-03 00:00:00

NEW DELHI, Sept 02 (Express Tribune): Indian Prime Minister Narendra Modi commissioned India's first home-built aircraft carrier on Friday, underlining his government's efforts to boost domestic production to supply a military deployed on two contentious borders.After 17 years of construction...

EU uneasy about Truss as UK leader

2022-09-03 00:00:00

PARIS/LONDON/BERLIN, Sept 02 (Reuters): Europe is anticipating the prospect of Liz Truss as Britain's next prime minister with a mixture of irritation and unease: diplomats say that with the war in Ukraine and rampant inflation, the last thing they need...

Moscow, Kyiv trade blame over nuclear plant

2022-09-03 00:00:00

ZAPORIZHZHIA (Ukraine), Sept 02 (Reuters): Ukraine and Russia traded accusations over each others' actions around the Zaporizhzhia nuclear power plant on Friday as a team of inspectors from the UN nuclear watchdog tried to check the safety of the facility...

Exxon, Shell sell California oil assets for $4b to IKAV

2022-09-03 00:00:00

HOUSTON, Sept 2 (Reuters): Exxon Mobil Corp and Shell Plc on Thursday confirmed the sale of their California oil joint-venture Aera to German asset manager IKAV for $4 billion, ending a 25-year-long partnership that was one of the state's largest...

Govt approves proposal for appointing vendors for EFDs

2022-09-03 00:00:00

The government has approved a proposal in principle for appointing service providing vendors for supplying, using Electronic Fiscal Devices (EFDs) and collecting information on realised VAT at the retail level in a bid to boost revenue collection, reports BSS.The approval...

High-speed broadband internet by 2023: Jabbar

2022-09-03 00:00:00

NETROKONA, Sept 2 (BSS): Minister for Posts and Telecommunications Mustafa Jabbar said that there would be no place in the country without high-speed broadband internet connection after 2023."There will be no area in the country without high-speed broadband internet connection...

Inflation hits 9.1% in countries using euro currency

2022-09-03 00:00:00

LONDON, Sept 2 (AP): Inflation in the European countries using the euro currency hit another record in August, fueled by soaring energy prices mainly driven by Russia's war in Ukraine.Annual inflation in the eurozone's 19 countries rose to 9.1%, up...

Shohoz fined for selling same ticket twice

2022-09-03 00:00:00

FE REPORTThe Directorate of National Consumer Rights Protection (DNCRP) on Wednesday fined Shohoz, a private online seller of railway tickets, Tk 0.21 million for selling a single ticket twice.The consumer rights agency imposed the fines during a mass hearing at...

China's August factory activity weakens for second straight month

2022-09-03 00:00:00

BEIJING, Sept 2 (AFP): China's manufacturing activity dropped in August for the second month in a row, official data showed Wednesday, as strict zero-Covid restrictions and extreme heat hit growth.The Purchasing Managers' Index (PMI), a key gauge of manufacturing activity...

SMAC HRS opens office in Ctg

2022-09-03 00:00:00

SMAC HRS Limited organised an event to open their Chattogram office at Hotel Agrabad in Chattogram on Thursday, says a press release.SMAC HRS is a concern of Snehasish Mahmud & Co., a firm of Chartered Accountants, which provides an end-to-end...

SC rallies CAG's power to audit public money

2022-09-03 00:00:00

FE REPORTWherever income and expenditure of public money are involved, the Comptroller and Auditor-General of Bangladesh (CAG) has the authority to audit to ascertain the propriety, legality and validity of it.The Supreme Court (SC) has ruled it, saying that the...

Bangladesh Institute of Bank Management (BIBM) and Germen Development Agency (GIZ) have awarded BRAC Bank for its

2022-09-03 00:00:00

Bangladesh Institute of Bank Management (BIBM) and Germen Development Agency (GIZ) have awarded BRAC Bank for its outstanding work in sustainable banking in 2021. BRAC Bank's Deputy Managing Director and Chief Operating Officer Md Sabbir Hossain received the award from...

Asia-Pacific markets trade lower

2022-09-03 00:00:00

Asia-Pacific shares were mixed on Friday as investors look ahead to the US jobs report for August, a key indicator before the Federal Reserve's next interest rate decision later this month, reports CNBC.South Korea's consumer price index rose slower than...

Two cos launch IPOs this month

2022-09-03 00:00:00

FE REPORTWith the market situation improving lately, two companies come with their initial public offering (IPOs) this month.The two companies -- Navana Pharmaceuticals and Chartered Life Insurance -- will launch their IPOs for subscription on September 13 and 25 respectively,...

US equities jump after solid August jobs report

2022-09-03 00:00:00

US stocks rose on Friday, cutting losses for the week, as August's jobs report came in about as expected, reports CNBC. The data eased fears that a hotter labour market would give the Federal Reserve leeway to get more aggressive...

News Briefs (2022-09-03)

2022-09-03 00:00:00

BRAC Bank signs agreement with Bogura TTCWith a view to providing Agent Banking services, BRAC Bank has recently signed an agreement with Bogura Technical Training Centre (TTC). Under this agreement, the students of Bogura TTC can now pay admission and...

Stocks keep rising, shaking off worries

BABUL BARMAN | 2022-09-03 00:00:00

Stocks extended the winning streak for a third straight week, as investors keep buying major sector stocks, shaking off fears about economic uncertainty.All the five trading days this week ended higher, thanks to higher participation of general investors.DSEX, the benchmark...

Gold gains on dollar retreat after US jobs data

2022-09-03 00:00:00

Gold bounced 1.0 per cent on Friday as the dollar retreated after U.S. jobs data was mostly in line with expectations, but were still bound for a third consecutive weekly fall pressured by an elevated interest rate environment, reports Reuters....

Pakistan floods hit Afghanistan food supply, says UN

2022-09-03 00:00:00

GENEVA, Sept 2 (AFP): The devastating floods in Pakistan will place huge strains on efforts to get food into neighbouring Afghanistan to relieve its catastrophic humanitarian crisis, the United Nations warned on Friday.The UN's World Food Programme said much of...

Copper touches one-month low on China lockdowns, recession fears

2022-09-03 00:00:00

LONDON, Sept 2 (Reuters): Copper prices ticked down to their lowest in more than a month on Friday as top metals consumer China extended COVID restrictions and concerns grew about a potential recession.Benchmark copper CMCU3 on the London Metal Exchange...

US grains recover but on track for weekly fall

2022-09-03 00:00:00

KUALA LUMPUR, Sept 2 (Reuters): Chicago corn, wheat and soybean futures were set for a weekly fall, even as prices edged higher on Friday after falling sharply in the previous session amid mounting concerns about a global economic slowdown.The most-active...

Sri Lanka get another crack at high-flying Afghanistan

2022-09-03 00:00:00

Having confirmed their Super 4 berths, Sri Lanka and Afghanistan will be looking to start afresh as they look to strengthen their bid to finish among the top two for a place in the Asia Cup final, according to cricbuzz.com....

Women's football team leaves for Nepal today

2022-09-03 00:00:00

The Bangladesh national women's football team will leave the city for Nepal today (Saturday) to take part in the SAFF Women's Championship scheduled to be held from September 6-19 in Kathmandu, the capital of Nepal, reports BSS.Apart from host Nepal,...

Zia shares 3rd position after 6th round

2022-09-03 00:00:00

GM Ziaur Rahman Zia shared the third position along with other 13 players with 4.5 after the sixth round games of 22nd Dubai Open Chess tournament being held in Dubai on Thursday evening, reports BSS.IM Mohammad Fahad Rahman and FM...

Spinners bowling no-balls 'a big crime'

2022-09-03 00:00:00

Among Bangladesh's several errors, Shakib Al Hasan rued Mahedi Hasan's no-balls the most in their two-wicket defeat to Sri Lanka that knocked them out of the Asia Cup, according ESPNcricinfo.Mahedi's first no-ball allowed Kusal Mendis, who was reprieved on four...