Prime Minister Sheikh Hasina on Tuesday said that Rohingyas refugees in Bangladesh are getting frustrated due to prolonged uncertainty over repatriation to their homeland, Myanmar, reports UNB."Such uncertainty has a great potential risk as it entices many to get involved...
YASIR WARDAD | 2022-05-25 00:00:00
The government has prepared a draft roadmap to raise local edible oil production by nearly 200 per cent within the fiscal year (FY) 2024-25, which could meet minimum 40 per cent of the country's total demand, officials said. The Ministry...
Firstlead investors seek reimbursementA group of affected investors of Firstlead Securities, which purportedly embezzled Tk 100 million of its clients, demanded their money back as soon as possible. One Mohammad Ayub Khan, who invested an estimated Tk 5.0 million in...
Electric plugs and sockets overhang this footpath right beside the Baitul Mukarram Market in the city on Tuesday. Each of the makeshift shops there and in the adjoining areas pays Tk 25-30 every single day in exchange for using electricity...
FE REPORT | 2022-05-25 00:00:00
After wheat, India now contemplates restricting its sugar export, a move that can raise global prices further.Market experts in Bangladesh suggest that government agencies remain alert so that traders cannot cash in on the Indian curbs.Reducing the existing high import...
SIDDIQUE ISLAM | 2022-05-25 00:00:00
The central bank on Tuesday issued a fresh directive for quoting rates to the overseas exchange houses engaged in remitting money, aimed at reining in volatility on the forex market.The authorised dealer (AD) banks have been asked not to quote...
FE REPORT | 2022-05-25 00:00:00
Regulatory duty is hiked to a prohibitive 20 per cent on four types of imports in a latest government action for saving Bangladesh's limited foreign-exchange reserves amid global crunch time. Fresh fruits, flowers, cosmetics and furniture are among the items...
FE REPORT | 2022-05-25 00:00:00
Top executives of non-bank financial institutions (NBFIs) urge the central bank to revise up interest rates on both lending and deposits to facilitate the sector's smooth run. At a meeting Tuesday, they proposed the rate up at maximum 8.0 per...
FE Report | 2022-05-25 00:00:00
The capital market refinancing scheme supervision committee has sought Tk 2.05 billion from the central bank for disbursement among market operators under the revised scheme.The committee has sent a letter to the Bangladesh Bank (BB) after holding a meeting on...
MUNIMA SULTANA | 2022-05-25 00:00:00
The Padma Bridge is scheduled to open for road traffic on June 25 next, establishing a direct link between the capital and southwestern regions of the country.Prime Minister Sheikh Hasina will inaugurate the country's longest multipurpose bridge over the river...
Doulot Akter Mala | 2022-05-25 00:00:00
Phasing out fiscal protection to local industries begins in the upcoming fiscal year by way of taxing those as Bangladesh prepares for open competition after LDC graduation, sources say.In the opening-up process the government is set to impose nominal taxes...
WASHINGTON, May 24 (AFP): The United States and South Korea have agreed to work more closely on crucial trade and supply-chain issues, the US Commerce Department announced Saturday.Establishing a US-Korea Supply Chain and Commercial Dialogue, the statement said, would "foster...
MOSCOW, May 24 (TASS): The majority of Latin American countries do not want to submit to demands by the Biden administration to join sanctions against Russia, Director of Russia's Foreign Intelligence Service (SVR) Sergey Naryshkin said as quoted by the...
DOHA, May 24 (Reuters): The Qatar Investment Authority cannot exit the Russian market and is waiting to assess its position there because of the Ukraine crisis, one of the sovereign wealth fund's chief investment officers said on Tuesday.Moscow placed restrictions...
Best Buy Co Inc, an American multinational consumer electronics retailer, cut its full-year profit forecast on Tuesday, joining other major US retailers to warn of an inflation hit, even as the electronics seller reported better than feared sales in the...
Bank of England Governor Andrew Bailey has hinted again that the Bank of England could hike interest rates further to help combat runaway inflation, reports Yahoo Finance UK.Speaking at Oesterreichische Nationalbank's Annual Economic Conference in Vienna on Monday, the BoE's...
HWANGE, Zimbabwe, May 24 (AFP): Zimbabwe will this week press a drive to legalise the ivory trade, inviting officials from 15 nations to meet in a national park that's a beacon of success in protecting elephants.Hwange National Park is overflowing...
FRANKFURT, May 24 (Reuters): Cryptocurrencies will pose a risk to financial stability if the emerging sector maintains its rapid growth of the last two years and financial firms deepen their involvement, the European Central Bank (ECB) said on Tuesday.The crypto...
TOKYO, May 24 (Reuters): Toyota Motor Corp will cut its global production plan by about 100,000 to roughly 850,000 vehicles in June due to the semiconductor shortage, it said on Tuesday.The company did not change its estimate of producing about...
KUALA LUMPUR, May 24 (AFP): Malaysia's move to cut exports of chickens to control soaring prices and combat domestic shortages ruffled feathers Tuesday, with neighbouring Singapore warning of supply disruptions.The Southeast Asian nation is the latest country to curb food...
WASHINGTON, May 24 (AP): Facebook parent Meta said it will start publicly providing more details about how advertisers target people with political ads just months ahead of the U.S. midterm elections.The announcement follows years of criticism that the social media...
Textiles and Jute Minister Golam Dastagir Gazi visited KFD Jute Mills Limited, which has started exporting jute products abroad, in Chattogram on Tuesday. Md Nazrul Islam Chowdhury, member of parliamentary standing committee on Ministry of Jute and Textiles, and Md...
Chairman of Janata Bank Dr SM Mahfuzur Rahman unveils the cover of a souvenir book titled 'Mohabijoyer Mohanayok' (Great hero of great victory), published by the Janata Bank Gonotantrik Karmochari Union CBA on the occasion of golden jubilee of independence...
NEW YORK, May 24 (AFP): US retail giant Walmart said Tuesday it is dramatically ramping up its drone deliveries, expanding the airborne service to six states by year-end with the potential to deliver one million packages annually.The delivery network will...
SEOUL, May 24 (AFP): Samsung Group on Tuesday unveiled a massive $356 billion investment blueprint for the next five years aimed at making it a frontrunner in a wide range of sectors from semiconductors to biologics.The new figure is an...
Modhumoti Bank Limited received a 'Letter of Appreciation' from Bangladesh Bank for achieving 100 per cent loan disbursement target under the Agricultural Refinancing Scheme of the Bangladesh Bank. Fazle Kabir, Governor of Bangladesh Bank, handed over the letter to Md...
State Minister for Foreign Affairs Md. Shahriar Alam has called for more Swiss investment in Bangladesh, reports UNB.He made the call during a bilateral meeting with Livia Leu, state secretary of Switzerland held on the sidelines of the World Economic...
A three-day expo on kitchen and bath equipment and accessories titled "Kitchen and Bath Expo Bangladesh 2022" will begin on June 2 at the International Convention Center Basandhara (ICB), reports UNB.Some 60 brands from nine countries including the United Kingdom,...
FE REPORT | 2022-05-25 00:00:00
A high-level delegation of Dhaka Chamber of Commerce and Industry (DCCI) is set to leave for Kolkata today (Wednesday) to further explore bilateral trade opportunities.The 49-member DCCI team led by its President Rizwan Rahman will embark on a four-day visit...
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