ROME, June 16 (AFP): Migrant workers sent home an estimated $605 billion to low- and middle-income countries last year, a UN study said Thursday, boosted by an increase in payments sent via mobile phones.Global remittances rose 8.6 percent compared to...
The Exporters' Association of Bangladesh (EAB) has made a set of recommendations before the government for reconsidering those in the proposed budget for FY23 including retaining the tax on source at 0.5 per cent for all the export-oriented industries for...
NAZIMUDDIN SHYAMOL | 2022-06-17 00:00:00
CHATTOGRAM, June 16: The Chittagong Port Authority (CPA) has procured two new tugboats to facilitate larger ships' smooth movement in the port channel and enhance the port's cargo handling capacity. Procured from China at a cost of over Tk 1.45...
OUR CORRESPONDENT | 2022-06-17 00:00:00
CHATTOGRAM, June 16: Teams of Fire Brigade visited 25 private Inland Container Depots (ICDs) in Chattogram from June 11 to 15.During their visit, the teams inspected the safety measures at the depots and also checked the documents of the depots....
FE REPORT | 2022-06-17 00:00:00
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) decided on Thursday to work towards resolving problems in the media industry. The country's apex trade body made the decision during its Standing Committee meeting on Press, Media and Cultural...
Bank Asia Ltd. in association with Bangladesh Bank organised a month-long training programme titled 'Entrepreneurship Development Programme' for SME entrepreneurs in Cox's Bazar. At the closing ceremony of the training recently, certificates were handed over to 25 participants who were...
FE REPORT | 2022-06-17 00:00:00
The Asian Development Bank (ADB) will provide US$143 million worth of policy-based loan to improve the cross-border trade handling environment in the land ports of Bangladesh.Economic Relations Division (ERD) Secretary Fatima Yasmin and Country Director of ADB Mr. Edimon Ginting...
Gold slipped on Thursday, as the non-yielding metal's appeal was dented after the Federal Reserve's biggest rate increase since 1994 to tame inflation, with other central banks likely to follow suit, reports Reuters.Spot gold fell 0.6 per cent to $1,822.29...
NEW DELHI, June 16 (Reuters): Indian budget carrier SpiceJet Ltd said on Thursday fares need to be raised as much as 15 per cent to counter high fuel costs and a weak rupee which have lifted operating costs to unsustainable...
LONDON, June 16 (Reuters): Oil prices erased early gains to fall to two-week lows on Thursday on the back of inflation concerns highlighted by interest rate hikes in the United States, Britain and Switzerland, though tight oil supply limited losses.Brent...
Shihab Sarkar | 2022-06-17 00:00:00
Photo features about 'box-cinema' are occasionally published in the news media. These so-called film shows have nothing to do with dark auditoriums, wide screens and projectors. All the 'cinema-wallahs' --- 'bioscope-wallahs' in many rural areas, would require a wooden or...
Violence on domestic workers is rampant in Bangladesh. In 2021, a total of 38 domestic workers were subjected to various forms of torture, according to the Bangladesh Institute of Labour Studies. Of them, 12 people were reportedly killed, two committed...
A glass of chilled soft drink is something that we want to have most passionately in the sweltering heat of summer. Television commercials of frosted glasses filled with such drinks may make them seem appealing, but the caffeine content and...
Sexual harassment of women is real in Bangladesh. Women out in public places face various forms of harassment daily. They have to endure it whenever they step outside of their homes for work or for other purposes. The situation has...
Zahid Huq | 2022-06-17 00:00:00
After many years, the prospect of manpower export from Bangladesh appears bright. And, the country is in a strong position to bargain better terms for its workers, who until now have got raw deals from their employers abroad. As the...
Nilratan Halder | 2022-06-17 00:00:00
Academics the world over look forward around this time every year to the Quacquarelli Symonds (QS) University Ranking to know about the status of the highest seats of learning. That the first post-pandemic ranking will make them along with others...
When the Finance Minister in his Budget speech announced his government's plan to legalise laundered money from the country through levying taxes, he was surely aware that the move would trigger protest, but not indeed from his party members-let alone...
Mahmudur Rahman | 2022-06-17 00:00:00
Bangladesh, a country aspiring to middle income status, cannot ignore the basics of taxation, wages, price controls and relevant other fiscal measures that come with such aspirations. Incremental thinking must give way to organised radicalisation, laws must be reformed and...
FE REPORT | 2022-06-16 12:00:00
A Korean-Chinese joint-venture company takes charge of operation and maintenance of the Padma Multipurpose Bridge (PMB) on completion of major works of the iconic infrastructure before June 20.Prime Minister Sheikh Hasina is set to open the bridge to traffic on...
Arfanul Haque Rifat, the Awami League candidate for Cumilla mayor, has won the election by a narrow margin of only 343 votes, reports bdnews24.com.He bagged 50,310 votes while expelled BNP leader Monirul Haque Sakku, who beat the ruling party candidates...
This gap between two concrete blocks, set up as road dividers at Mohakhali intersection, is not meant for pedestrians' use. Though there is a footbridge, not in photo, nearby, nothing could stop this man from crossing the road through the...
Bangladesh recorded 232 new Covid cases in 24 hours till Wednesday morning taking the country's total caseload to 1,954,637, report agencies.The country's total fatalities, however, remained unchanged at 29,131 as no death was reported during the period, according to the...
Bangladesh Bank (BB) will start releasing new notes of taka in exchange of old notes from June 29 ahead of Eid-Ul-Azha. The exchange will continue till July 7, reports UNB.People can collect bundles of new notes of Tk 10, 20...
FE REPORT | 2022-06-16 00:00:00
The government has appointed Mohammad Jainul Bari as the fourth chairman of the Insurance Development and Regulatory Authority of Bangladesh (IDRA).The IDRA is the regulator of the country's 81 life and non-life insurance firms.Financial Institutions Division on Wednesday issued an...
The Trading Corporation of Bangladesh (TCB), the state-run marketing agency, will procure 19.2 million litres of soyabean oil, 13,500 kgs of lentils and 15,000 kgs of sugar from different private business groups, reports UNB.Cabinet Committee on Government Purchase (CCGP) at...
FE REPORT | 2022-06-16 00:00:00
The minimum wage board has proposed Tk 10,520 and Tk 12,910 as minimum monthly wages for the workers of fishing trawler and rubber industries respectively.The government fixed Tk 5,200 as minimum monthly wage for fishing trawler workers in 2015 while...
FE REPORT | 2022-06-16 00:00:00
The International Chamber of Commerce (ICC), a platform of global businesses, elected Maria Fernanda Garza as its chair for a two-year term from July 01, 2022 to June 30, 2024.She has become the first ever woman chair of the ICC,...
REZAUL KARIM from Geneva | 2022-06-16 00:00:00
The negotiators were struggling to reach a consensus on the issues tabled in the 12th World Trade Organisation (WTO) ministerial conference on Wednesday, prompting the organisers to extend the meeting by one more day with a hope for positive outcomes.The...
M&A transactions need environmentParticipants at a workshop have sought a conducive atmosphere for better merger and acquisition (M&A) transactions of corporates. The stakeholders have also underscored the need for a greater and trustworthy role of the country's M&A intermediaries, to...
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