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A stress test of a different kind

Mahmudur Rahman | 2022-06-10 00:00:00

For over a decade Bangladesh's economic prowess and prospects have been exemplary. Macro indicators have been more than promising, inflation reasonably under control and development expenditure in healthy mode. For all the siphoning-off of money from the financial system and...

Gas price hike to add to public misery

2022-06-10 00:00:00

Although the announcement of hike in gas prices did not come too unexpectedly, the rationale for the action by the Bangladesh Energy Regulatory Commission (BERC) does not at all hold good, particularly at a time when vast majority of the...

Oil prices advance despite US inventory rise

2022-06-09 12:00:00

LONDON, June 8 (Reuters): Oil prices rose on Wednesday, despite a likely rise in U.S. oil stocks, on the easing of Chinese COVID-19 related lockdowns and a possible strike by Norwegian oil workers.Brent crude futures were up $1.19, or 1%,...

Russia claims progress in fight for Ukraine flashpoint city

2022-06-09 00:00:00

KYIV, (Ukraine) June 8 (AFP): Russia claimed Tuesday that its forces had taken full control of residential neighbourhoods in eastern Ukraine's Severodonetsk, after Kyiv said its outnumbered troops were fighting on in the key eastern hub.The brutal weeks-long contest for...

UN: Climate shocks, war fuel multiple looming food crises

2022-06-09 00:00:00

ROME, June 8 (AP): Two U.N. food agencies issued stark warnings Monday about multiple, looming food crises on the planet, driven by climate "shocks" like drought and worsened by the impacts of the COVID-19 pandemic and the war in Ukraine...

WTO seeks fresh momentum at big ministerial meet

2022-06-09 00:00:00

GENEVA, June 8, 2022 (BSS/AFP) - The World Trade Organization holds its biggest gathering in four years from Sunday, looking to prove that it still has a role in turbocharging international commerce.Ministers from WTO member states are gathering in the...

This student

2022-06-09 00:00:00

This student, travelling by a bus on his way back home during hot summer noon, drinks water to cool him off as the vehicle gets stuck in a traffic jam - a telltale sign of how the scorching heat has...

India may allow wheat exports soon

2022-06-09 00:00:00

India could soon allow traders to ship out around 1.2 million tonnes of wheat as it seeks to clear cargoes stuck at ports since last month's sudden ban of exports of the grain, government and trade sources said on Wednesday,...

TV news producer found dead in city

2022-06-09 00:00:00

A 28-year-old news producer of a private TV channel was found dead near Police Plaza in the Hatirjheel area of the capital on Wednesday, reports UNB.The deceased was identified as Abdul Bari, senior executive news producer of DBC.Abul Hasan, officer-in-charge...

58 new cases, zero death

2022-06-09 00:00:00

Bangladesh registered 58 new Covid cases in 24 hours till Wednesday morning, taking the country's total caseload to 1,953,812, reports UNB.The country's total fatalities remained unchanged at 29,131 as no death was reported during the period, according to the Directorate...

Spl mango train from Chapai starts Jun 13

2022-06-09 00:00:00

CHAPANAWABGANJ, June 8 (UNB) : A 'special mango train' will operate on Chapainawabganj-Dhaka route from June 13 to transport mangoes at lower cost, said authority on Wednesday.The special train will start its journey from Rahanpur railway station in the afternoon...

Impose more taxes on luxury items to save forex reserves

FE REPORT | 2022-06-09 00:00:00

Bangladesh needs to be careful about imports and should impose more taxes on luxury items to save foreign-exchange reserves in the country, said former Bangladesh Bank governor Dr Atiur Rahman.Speaking as the chief guest at a webinar on Tuesday night,...

Tk 5.0 fare per kilo proposed

MUNIMA SULTANA | 2022-06-09 00:00:00

A proposal of Tk 5.0 per kilometre for a 20-kilometre metro ride from Diabari to Motijheel in Dhaka city awaits approval from the authorities concerned.Sources say an MRT fare-fixing committee proposed the total fare for the 20.1 km mass rapid...

Taka gains against dollar after serial depreciation

Siddique Islam | 2022-06-09 00:00:00

A turnaround comes as the Bangladesh taka gained 50 paisa in its value against the US dollar Wednesday after a depreciation dive for four consecutive workdays.The US currency was quoted at Tk 91.50 per unit on the day against Tk...

Briefing 09-06-2022

2022-06-09 00:00:00

Mandatory share investment limit upNavana Pharmaceuticals will raise Tk 750 million from the capital market under book building method. The Bangladesh Securities and Exchange Commission (BSEC) on Wednesday decided to approve the company's proposal for the IPO (initial public offering)....

Prayer Timings (2022-06-09)

2022-06-09 00:00:00

The women workers

2022-06-09 00:00:00

The women workers are busy arranging bottles to be cut into tiny pieces by a machine at a factory in Hazaribagh Beribadh area of Dhaka on Tuesday. The small pieces will then be sold to the plastic recycling industry for...

Eight officials sued over Ctg depot inferno

OUR CORRESPONDENT | 2022-06-09 00:00:00

CHATTOGRAM, June 08: Police on Tuesday night filed a case against eight officials of BM Containers Limited, a private container depot owned by Smart Group at Sitakunda, in connection with the deadly container fire. Sub-Inspector of Sitakunda thana Ashraf Siddiki...

Taxation recast can ‘cut income inequality’

DOULOT AKTER MALA | 2022-06-09 00:00:00

Income inequality in Bangladesh goes gaping to worst level after the pandemic as government's direct-tax measure proves futile in addressing the disparity, experts say.Despite Bangladesh having amongst the highest levels of corporate and income-tax rates in the region, corporate-tax turnover...

RHD seeks fresh revision of 8.5km road project after seven years

FHM HUMAYAN KABIR | 2022-06-09 00:00:00

The Roads and Highways Department (RHD) has sought two more years to June 2024 to complete construction of an 8.5km road from Matarbari at Maheshkhali Island to Cox's Bazar, officials said on Wednesday.They said the expected second revision would also...

$1.5b budget support under way, says PM

2022-06-09 00:00:00

Prime Minister Sheikh Hasina on Wednesday said a process is under way to mobilise an additional USD 1000 million as budgetary support to tackle future emergency situation and economic crisis caused by Russia-Ukraine war, reports UNB.She made the statement in...

Protecting poor, reviving growth top targets

JASIM UDDIN HAROON | 2022-06-09 00:00:00

Helping out marginalised people from price surges and economic-growth rebound top targets in a Tk 6.78-trillion new budget the government unfurls today (Thursday) at a worldwide crunch time. Agriculture, health, human resources development, employment, and education are among the priorities...

Weather (2022-06-09)

2022-06-09 00:00:00

Light to moderate rain/thunder showers accompanied by temporary gusty wind is likely to occur at many places over Rangpur, Mymensingh and Sylhet divisions until 6:00pm today (Thursday), according to Met office.Mild heat wave is sweeping over the districts of Satkhira,...

Garbage dumped on a road

2022-06-09 00:00:00

Garbage dumped on a road turns out to be nuisance to commuters, including school-going students, and narrows spaces for vehicular movement, creating traffic jam. This has grown over a long time due to sheer indifference of the authorities concerned. The...

HC rules for compensating victim of botched c-section

2022-06-09 00:00:00

The High Court (HC) has issued a rule asking the authorities concerned as to why it shall not pass order to provide compensation to new mother in Barisal for botched c-section, where doctors stitched her womb leaving gauze bandage inside,...

Journo Fazle Elahi gets bail

2022-06-09 00:00:00

RANGAMATI, June 8 (UNB): A Rangamati court on Wednesday granted bail to journalist Fazle Elahi in a case filed under the Digital Security Act.Rangamati Senior Judicial Magistrate Fatema Begum Mukta granted the bail and asked Elahi, editor of Dainik Parbatya...

Auto requisition only for public interest

FE REPORT | 2022-06-09 00:00:00

The High Court issues a guideline to particularly protect drivers and owners of vehicles from being unnecessarily and arbitrarily harassed or prejudiced by police members in the name of requisition.Dhaka Metropolitan Police commissioner can only requisition vehicles under the DMP...

44 held over mugging in city

FE REPORT | 2022-06-09 00:00:00

The Rapid Action Battalion has arrested 44 members of an organised gang for their alleged involvement with mugging in Dhaka city.RAB-3 commander Lt Col Arif Mohiuddin Ahmed at a press briefing on Wednesday that the teams of the elite force...

SC upholds HC order

FE REPORT | 2022-06-09 00:00:00

The Appellate Division of the Supreme Court on Wednesday upheld a High Court order that granted anticipatory bail to Anjan Chowdhury, one of the key stakeholders of the Square Group, for six weeks in a case filed on charge of...

ICT Division executes 92.85pc of projects

FE REPORT | 2022-06-09 00:00:00

The Information and Communication Technology (ICT) Division, as of this May, has implemented over 92 per cent of the projects under the Revised Annual Development Programme (RADP) for the fiscal year 2021-22.This was revealed at a review meeting on progress...