Producer price index indicates inflation surge

Producer price index or PPI which tracks the prices businesses pay for their goods and services rose in March at the fastest pace since records have been kept, hitting consumers below the belt. Official statistical agency BBS unveiled such a...

Weather (2022-06-29)

Light to moderate rain/thunder shower accompanied by temporary gusty wind is likely to occur at many places over Rangpur, Mymensingh, Sylhet, Barishal and Chattogram divisionsover the country until 6:00pm today (Wednesday), according to Met office..Day temperature may fall slightly and...

Biman's first Hajj flight from Sylhet leaves for Jeddah

The first dedicated Hajj flight of Biman Bangladesh Airlines from Sylhet left Osmani International Airport onTuesday morning, reports UNB.The flight BG-3131 with 419 pilgrims aboard departed the airport at 10:00 am and is scheduled to reach Jeddah at 01:30 pm...

Shekhar Mehta poses with other leaders at Rotary International Bangladesh District-3261

Visiting Rotary International President Shekhar Mehta poses with other leaders at the Rotary International Bangladesh District-3261 service award ceremony in the city on Tuesday. Liberation War Affairs Minister AKM Mozammel Haque, Industries Minister Nurul Majid Mahmud Humayun, Commerce Minister Tipu...

Two hotels fined for polluting environment in Cox's Bazar

CHATTOGRAM, June 28: Department of Environment (DoE), the Chattogram regional office has recently issued notice to 534 hoteliers in Cox's Bazar, asking them to attend the hearing as they are doing business without setting up effluent treatment plants and getting...

WASH allocation not enough to cover marginalised section

Allocation for water, sanitation and hygiene (WASH) in the proposed national budget for the financial year (FY) 2022-23 is not enough to address the emerging challenges of the hard-to-reach areas and marginalised people in the country, speakers told a post-budget...

Increase capacity-building for disaster management

Speakers at a programme emphasised increasing capacity-building of human resources engaged in disaster preparedness, response and mitigation for better management of both man-made and natural catastrophes.They also suggest strengthening coordination among all stakeholders and enabling local communities with proper tools...

ICT judgment against five accused of Habiganj June 30

The International Crimes Tribunal (ICT)-1 on Tuesday set June 30 to pronounce judgment in a crimes against humanity case against five alleged Razakars from Lakhai upazila of Habiganj, reports BSS.The five accused are alleged Razakar leader Md Shafi Uddin Moulana,...

Dhaka North, South Swechchhasebak League thana, ward bodies dissolved

All thana and ward unit committees of Dhaka City North and South Awami Swechchhasebak League, an associate body and the volunteer wing of the Bangladesh Awami League, have been dissolved, reports BSS.The central leaders in charge of the North and...

Media in BD enjoys total freedom: Hasan

Newspapers and electronic media in Bangladesh are enjoying unbridled freedom during the present government, Information and Broadcasting Minister Hassan Mahmud told the Parliament on Tuesday, reports UNB. Replying to a tabled question by Jatiya Party MP from Dhaka Syed Abu...

Many people over-exaggerating impact of sanctions: US envoy

US Ambassador in Bangladesh Peter Haas thinks that many people are 'over-exaggerating' the impact of the sanctions imposed on the elite force RAB and some officials but acknowledges that it did have an impact on the overall relations, reports UNB....

Govt has no plan to rehabilitate flood victims, alleges BNP

BNP senior leader Khandaker Mosharraf Hossain on Tuesday alleged that the government has no plan to help and rehabilitate the flood victims in the country's northeast region, reports UNB. "We express our sorrow to the flood victims. You have seen...

AL favours EVM use in next polls: Quader

Awami League General Secretary Obaidul Quader on Tuesday said the ruling party is in favour of the use of electronic voting machines (EVMs) in the upcoming general elections, reports BSS."The EVM use should be increased significantly in the forthcoming 12th...

More banks' donations to Prime Minister's Relief & Welfare Fund

Prime Minister Sheikh Hasina has joined through videoconferencing from Ganabhaban as different banks and financial institutions have donated funds to the Prime Minister's Relief & Welfare Fund for distribution in aid amongst the flood-affected people of different regions of the...

Rouble hits 7-year peak

MOSCOW, June 28 (Reuters): The rouble hit a more than a seven-year high on Tuesday as capital controls and month-end taxes offset the negative impact of Western statements that Russia has defaulted on its international bonds for the first time...

German consumer mood hits all-time low as inflation soars

FRANKFURT, June 28 (AFP): The mood among German consumers has reached an all-time low, according to a key survey published Tuesday, as the war in Ukraine drives a painful wave of inflation.Pollster GfK's forward-looking barometer fell to minus 27.4 points...

Agreement between Pragati Life Insurance and Nagad

Pragati Life Insurance Limited Managing Director and CEO M. J. Azim and Nagad Chief Sales Officer Md. Shihab Uddin Chowdhury exchanging documents after signing an agreement on behalf of their respective organisations recently. Under the agreement, customers will be able...

Twenty-fifth AGM of IDCOL held

The twenty-fifth annual general meeting (AGM) of Infrastructure Development Company Limited (IDCOL) was held on a digital platform on Monday. Fatima Yasmin, chairman, IDCOL and secretary, Economic Relations Division, presided over the meeting. During the FY 2021 the company's profit...

Govt releases addl Tk 21b in cash incentives for local exporters

The government has released a sum of Tk 21 billion for the payment of cash incentives to local exporters on their export earnings, officials said.It is the additional fund of final instalment or fourth instalment of cash incentives for April-June...

BIFFL holds its 11th AGM

The 11th Annual General Meeting (AGM) of Bangladesh Infrastructure Finance Fund Limited (BIFFL) was held on a virtual platform recently, said a press release. Abdur Rouf Talukder, chairman of BIFFL and senior secretary of Finance Division, Ministry of Finance, presided...

BASIS to launch campaign in EU, UK tomorrow

Bangladesh Association of Software and Information Services (BASIS) is going to organise a week-long promotional events in three European countries - Austria, Hungary, Slovakia - and the United Kingdom from tomorrow (Thursday) to showcase products and woo new clients. In...

Japan Metal inks MoU with Allied Venture to set up JV industry at MEZ

CHATTOGRAM, June 28: A Bangladeshi private company and a Japanese company will set up an aluminum ingot and copper ingot factory at Mirsarai Economic Zone (MEZ) in Chattogram. Star Allied Venture Limited of Bangladesh and Metal Company Limited of Japan...

BGMEA pairs up with PwC

The apparel apex body BGMEA teams up with PwC (PricewaterhouseCoopers) to conduct a study on the ready-made garment (RMG) sector recovery roadmap.In this connection, Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and PwC signed a deal at the trade body's...

Rupali Bank signed APA 2022-23 with Financial Institutions Division

Rupali Bank Ltd signed an Annual Performance Agreement (APA) 2022-23 with Financial Institutions Division of the Ministry of Finance in the city on Sunday. Secretary of Financial Institutions Division Sheikh Mohammad Salim Ullah and Managing Director & CEO of Rupali...

Integrated transaction service launched between bKash and AB Bank

Integrated transaction service has been launched between bKash and AB Bank Limited to facilitate two-way fund transfer. AB Bank and bKash jointly inaugurated the linked account service at the bank's head office on Tuesday. Syed Mizanur Rahman, Deputy Managing Director...

Modhumoti Bank inaugurated 48th branch at Kamrangirchar

Modhumoti Bank Limited inaugurated its 48th branch at Kamrangirchar, Dhaka on Tuesday. Advocate Md. Qamrul Islam, MP, Dhaka-2, Presidium Member of Bangladesh Awami League, inaugurated the branch as the chief guest. Humayun Kabir, Chairman of the Board of Directors of...

Premier Group condoles expiry of Momtaz Begum

Premier Group has condoled the death of its Vice Chairman Momtaz Begum who breathed her last on Tuesday while going under treatment at a hospital in Singapore (Inna Lillahi Wa Inna Ilaihi Raji'un). The namaz-e-janaza will be held tomorrow (Thursday)...

Abdul Hai Sarker re-elected chairman of Dhaka Bank -

Mr. Abdul Hai Sarker has recently been re-elected as the Chairman of the board of directors of Dhaka Bank Limited. He is the founder of Purbani Group. Mr. Sarker is the Founder Chairman of Dhaka Bank Limited, Former Vice Chairman...

BIDA inks MoU with ICAB on DVS

Bangladesh Investment Development Authority (BIDA) will get access to a digital Documents Verification System or DVS that will help it verify the authenticity of audited financial statements of different entities.To this effect, BIDA on Tuesday inked a Memorandum of Understanding...

BSEC okays Tk 1.0b CMSF Golden Jubilee Mutual Fund

The securities regulator has approved the prospectus of a new closed-end mutual fund named --- 'ICB AMCL CMSF Golden Jubilee Mutual Fund' worth Tk 1.0 billion.The approval came on Tuesday at a meeting held at the office of Bangladesh Securities...