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Defusing the external debts

Imtiaz A Hussain | 2022-08-05 00:00:00

With the public swimming in the presidential pool and picnicking on the palace lawns, Sri Lankans feel a pain brewing elsewhere. Albania, Argentina, Ecuador, Gambia, Kenya, Panama, Pakistan, Rwanda, Spain, Sudan, and Uzbekistan are among the more than 100 countries...

Morocco's petro-PM faces heat over soaring fuel prices

2022-08-05 00:00:00

RABAT, Aug 04 (AFP): Morocco's Prime Minister Aziz Akhannouch, a billionaire petrol baron, is facing a growing online campaign demanding he step down as fuel prices-and energy firms' profits-surge.The government of the North African kingdom, which is heavily reliant on...

Gold and silver prices climb

2022-08-05 00:00:00

NEW DELHI, Aug 04 (The Indian Express): Prices of gold and silver opened higher in the country's key spot markets on Thursday.The opening price for 999 purity gold was Rs 51,815 per 10 grams, up Rs 249 from Wednesday's closing...

Lufthansa records 1st net profit since the start of the pandemic

2022-08-05 00:00:00

FRANKFURT, Aug 04 (AFP): Lufthansa said Thursday its freight operations propelled the German airline group to its first net profit since the start of the coronavirus pandemic.Between April and June, Lufthansa recorded a net profit of 259 million euros ($263...

Oil prices stabilise after drop to near six-month low

2022-08-05 00:00:00

LONDON, Aug 04 (Reuters): Oil prices were broadly steady on Thursday as the market weighed tight supply against fears of a demand slowdown, after a build in US crude and gasoline stocks sent prices to multi-month lows in the previous...

Lanka arrests protest leader

2022-08-05 00:00:00

COLOMBO, Aug 04 (AFP/AP): A top Sri Lankan trade union leader in the forefront of protests which led to the ousting of Gotabaya Rajapaksa from the presidency was arrested Wednesday, witnesses and officials said.Joseph Stalin, the secretary of the Sri...

Taliban 'unaware of Zawahri' in Afghanistan

2022-08-05 00:00:00

ISLAMABAD, Aug 04 (AP): The Taliban broke its silence Thursday, days after a U.S. drone strike killing al-Qaida's top leader in Afghanistan's capital, acknowledging his slaying and pledging to launch an investigation.The killing of Ayman al-Zawahri on the balcony of...

Pak general elections likely by October

2022-08-05 00:00:00

Sources from the Election Commission of Pakistan (ECP) on Thursday said that the commission was "prepared" to conduct general elections by October, reports The Express Tribune.They said that the ECP completed the work of delimitation of constituencies and eliminated any...

China fires ballistic missiles during drills

2022-08-05 00:00:00

TAIPEI, Aug 04 (AFP): Chinese forces fired "multiple" ballistic missiles into waters around Taiwan during Thursday's military drills, Taipei's defence ministry said, condemning what it described as "irrational actions that undermine regional peace"."The Ministry of National Defence stated that the...

Powerful blasts rattle Ukrainian cities

2022-08-05 00:00:00

KYIV, Aug 04 (AP): Powerful explosions rattled the southern Ukrainian city of Mykolaiv on Thursday and a city close to the country's biggest nuclear power plant sustained a barrage of shelling amid Russian attacks in several regions, Ukraine's presidential office...

US, Iran to resume N talks soon

2022-08-05 00:00:00

VIENNA, Aug 04 (Reuters): Top Iranian and US officials will resume talks in Vienna this week on reviving the 2015 nuclear pact, officials from both countries said on Wednesday, though they played down chances of a breakthrough and placed the...

Premier Bank signs deal with SME Foundation -

2022-08-04 12:00:00

As a partner bank, Premier Bank signed an agreement with SME Foundation to receive a revolving fund under the related Stimulus Package for distribution among CMS entrepreneurs, says a press release.Syed Nowsher Ali, Deputy Managing Director, The Premier Bank Limited,...

Sri Lanka to restart IMF bailout talks this month

2022-08-04 00:00:00

COLOMBO, Aug 3 (Reuters): Sri Lanka will restart bailout talks with the International Monetary Fund (IMF) in August, its new president said on Wednesday, while calling on lawmakers to form an all-party government to resolve a crippling economic crisis.In a...

People are busy haggling and buying hilsa fish

2022-08-04 00:00:00

People are busy haggling and buying hilsa fish at the Kawran Bazar kitchen market in Dhaka on Wednesday morning. Though there is an ample supply of the delicious fish in the city markets, the price is yet to come down...

Pelosi departs Taiwan after visit that fueled US-China rift

2022-08-04 00:00:00

TAIPEI, Taiwan, Aug 3 (AP/UNB) - U.S. House Speaker Nancy Pelosi departed Taiwan on Wednesday after meeting with the president and other officials in a visit that heightened tensions with China.Pelosi and five other members of Congress were headed to...

Gold price jumps further in a week

FE Report | 2022-08-04 00:00:00

Gold price increases further within a week as the local jewellers on Wednesday evening decided to increase it by Tk90 per gram.Bangladesh Jewellers Association (BJA) fixed the price of 22-carat gold per gram at Tk7,060 which was Tk6,970 earlier, a...

77 new Dengue patients hospitalised

2022-08-04 00:00:00

Another 77 dengue patients were hospitalised across the country in 24 hours till Wednesday morning, according to the Directorate General of Health Services (DGHS), reports UNB.Among them, 59 patients were hospitalised in Dhaka while the 18 in other places, it...

Covid-19 claims three more lives amid 375 fresh cases

2022-08-04 00:00:00

Bangladesh recorded three more Covid-linked deaths with 375 fresh cases in 24 hours till Wednesday morning, reports UNB.With the latest numbers, the total fatalities reached 29,298 while the caseload 2,006,368, according to the Directorate General of Health Services (DGHS).The daily...

Urea price to be readjusted in line with global mkt: Minister

2022-08-04 00:00:00

Agriculture Minister Muhammad Abdur Razzaque on Wednesday said that price of Urea fertilizer in the local market will be readjusted in line with rate in international market, reports UNB.The hike in Urea price by Tk 6 per kilogram won't have...

Padma Bridge earns Tk 780m in July

2022-08-04 00:00:00

The Padma Bridge has raked in more than Tk 780 million in July surpassing the tolls earned by Bangabandhu Bridge, the second largest bridge in the country, in the same period, reports bdnews24.com.The Bangladesh Bridge Authority said as many as...

Poor women can earn after getting freelancing training online

FE REPORT | 2022-08-04 00:00:00

Online training on freelancing for underprivileged women can make significant positive impact on their employment and income, according to a study by BRAC Institute of Governance and Development (BIGD) unveiled Wednesday. However, success in freelancing may be hindered by fierce...

Agri labour may go by 2050: Study

FE REPORT | 2022-08-04 00:00:00

Farmhands or agriculture labourers in Bangladesh might disappear within 2050 following the changing farming pattern of the country, according to a latest study.It says a gradual change in dynamics between landowners and their farms or sharecroppers has been developing a...

Hiring from Bangladesh falls 32pc in July

FE REPORT | 2022-08-04 00:00:00

Bangladesh’s overseas employment dropped by more than 32 per cent in July 2022 over that of the previous month, as the recruitment demand from the vital job markets slowed to some extent, insiders said.Data available with the Bureau of Manpower...

Conspirators again out to oust my govt, says: PM

2022-08-04 00:00:00

Prime Minister Sheikh Hasina on Wednesday said that the yet-to-be-executed killers and conspirators involved in the August 15 massacre in 1975 are still working to oust her government as the country heading towards another national election, reports UNB. "They are...

S Korea to recruit record no. of BD workers this yr

2022-08-04 00:00:00

The number of Bangladeshi workers in South Korea, recruited under the Employment Permit System (EPS), is likely to be over 3,600 this year, according to the Dhaka EPS Center, reports UNB.A total of 2,594 Bangladeshi workers have already been recruited...

Briefing 04-08-2022

2022-08-04 00:00:00

DSEX gains 320 points in 4 days Dhaka stocks witnessed another bullish session on Wednesday, with the turnover hitting nearly Tk 12 billion, as buoyant investors continued their buying spree - anticipating further positive momentum ahead. The market skyrocketed at...

Prayer Timings (2022-08-04)

2022-08-04 00:00:00

Central bank amends loan rescheduling policy

FE REPORT | 2022-08-04 00:00:00

The central bank has amended loan-rescheduling and restructuring policy, asking banks to classify the rescheduled loans if the borrowers failed to repay their instalments within six months, officials say.Under the revised policy, all the scheduled banks have been instructed to...

IMF ready to extend fund support to BD

FE REPORT | 2022-08-04 00:00:00

The International Monetary Fund (IMF) expresses readiness to support Bangladesh in coping with emerging economic disruptions caused by the ongoing war in Ukraine and also in dealing with climatic adversities.Such support will be available from IMF's new Resilience and Sustainability...

AD banks can retain value-added amount for fifteen days

SIDDIQUE ISLAM | 2022-08-04 00:00:00

All authorized dealer (AD) banks can now retain value-added portion of export proceeds in foreign currency for 15 days, as the central bank bends rules to boost Bangladesh's forex reserves. The Bangladesh Bank (BB) Wednesday issued a notification to this...