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BSEC raises EIs' investment limit

FE REPORT | 2022-05-24 00:00:00

The securities regulator has taken another initiative to increase liquidity flow in the capital market by enhancing the stipulated investment ceiling, set for availing IPO (initial public offering) quota, by eligible investors (EIs).The Bangladesh Securities and Exchange Commission (BSEC) has...

Stocks rebound strongly after eight-day slump

FE REPORT | 2022-05-24 00:00:00

The market rebounded strongly Monday, snapping an eight-day slump, as bargain hunters put fresh bets on stocks, riding on the government's moves to revamp the ailing market.Market insiders said the stock market regulator and the finance ministry took a number...

News in Brief-(2022-05-24)

2022-05-24 00:00:00

7 perish in Philippine ferry fireMANILA, May 23: A ferry carrying more than 130 people caught fire in the northeastern Philippines on Monday, killing seven passengers and forcing many survivors to jump into the sea where they were rescued by...

US high schoolers design low-cost water filter

2022-05-24 00:00:00

WASHINGTON, May 23 (AFP): When the pandemic forced schools into remote learning, Washington-area science teacher Rebecca Bushway set her students an ambitious task: design and build a low-cost lead filter that fixes to faucets and removes the toxic metal.Using 3D...

Albanese takes oath

2022-05-24 00:00:00

SYDNEY, May 23 (BBC): Anthony Albanese has been sworn in as Australia's new leader and will fly immediately to an international summit.Mr Albanese's Labor Party defeated Scott Morrison's conservative government in an election on Saturday.It remains unclear whether Mr Albanese...

Biden vows military defence of Taiwan, if China invades

2022-05-24 00:00:00

TOKYO, May 23 (AFP): President Joe Biden vowed Monday that US forces would defend Taiwan militarily if China attempted to take control of the self-ruled island by force, warning Beijing was already "flirting with danger".The remarks, made in Tokyo where...

Russian forces step up shelling

2022-05-24 00:00:00

KYIV, May 23 (AP): Russian forces have stepped up shelling in Ukraine's eastern industrial heartland as they press their offensive in the region that is now the focus of fighting in the 3-month-old war.Meanwhile, a Ukrainian court is expected to...

Road accidents kill four in three dists -

2022-05-24 00:00:00

A total of four persons were killed in separate road accidents in Netrakona, Faridpur and Madaripur districts on Monday, report agencies.UNB reports from Netrakona, two people were killed and 25 others injured in a collision between a bus and a...

Major rivers swell in Faridpur

2022-05-24 00:00:00

FARIDPUR, May 23 (UNB): The major rivers in Faridpur including the Padma have started to swell, inundating low-lying char areas and causing worry to local farmers.Following the authority's instruction farmers of the low-land areas of Faridpur Sadar have started harvesting...

Cox's Bazar beach filled with piles of trash

OUR CORRESPONDENT | 2022-05-24 00:00:00

COX'S BAZAR, May 23: Cox's Bazar beach, the longest natural sea beach in the world with a length of 120 kilometres, is now filled with trash, causing inconvenience to tourists. Parts of the beach, which is the top tourist spot...

Liton, Mushfiq break 63-yr-old record

2022-05-24 00:00:00

Liton Das and Mushfiqur Rahim broke the 63-year-old record in Test cricket on Monday, reports BSS.The duo made the highest partnership for sixth wicket after losing the first five wickets for 25 runs.They broke the record of Wallis Mathias and...

Man City win 6th Premier League title

2022-05-24 00:00:00

MANCHESTER, England, May 23 (AP): Manchester City scored three goals in five minutes to turn around a tense and dramatic season finale and clinch a sixth Premier League title in 11 seasons, rallying to beat Aston Villa 3-2 and hold...

ICC chief assures Bangladesh of support in cricket's further dev

2022-05-24 00:00:00

The International Cricket Council (ICC) on Monday assured Bangladesh of providing all necessary support for further development of cricket, reports UNB. "ICC will give every support required to take Bangladesh cricket ahead," visiting ICC Chairman Greg Barclay said during a...

Liton, Mushfiq flatten SL after early jolt

2022-05-24 00:00:00

Mushfiqur Rahim and Liton Das hit centuries and shared a record stand to turn the tide for Bangladesh in the second Test against Sri Lanka in Dhaka on Monday after a disastrous start, reports AFP.At stumps, Liton was unbeaten with...

Preparedness against dengue outbreak

2022-05-24 00:00:00

Even before the onset of the monsoon, the number of dengue patients is rising alarmingly in Dhaka city. Official records show that at least 45 dengue patients have so far been hospitalised across Bangladesh in May. And experts fear that...

Is water supplied in jars safe?

2022-05-24 00:00:00

Nowadays, most offices, teashops and restaurants in Dhaka city rely on jar suppliers for drinking water. Many new buildings and housing projects in and around the city that have no gas connection also depend on jar and bottled water. But...

Reducing children's gadget-addiction

2022-05-24 00:00:00

Most of our children now have access to smartphones or other electronic devices. As they grow older, many children develop an unhealthy attachment to their phones. The heavy presence of gadgets takes a heavy toll on children's and adolescents' mental...

How concerning is monkeypox?

Syed Fattahul Alim | 2022-05-24 00:00:00

The World Health Organisation (WHO) says 100 confirmed or suspected cases of monkeypox, which is a zoonotic disease as it can pass from animals to humans, have been detected in Europe. Cases have also been detected in North America and...

Averting pitfalls in trying times

Shihab Sarkar | 2022-05-24 00:00:00

In describing the plight amid which Bangladesh presently discovers itself, the phrase that could aptly be used is 'triple whammy'. The expression is rarely used. But there are no suitable terms to describe the country's present conditions. The series of...

Targeted subsidies for the poor

2022-05-24 00:00:00

Managing Director and Chairperson of the International Monetary Fund (IMF), Kristalina Georgieva has suggested that governments across the world should subsidise the cost of food and energy for the poorest segment of society. Her suggestion comes at a time when...

Is the proposed Universal Pension Scheme viable?

A F M Mainul Ahsan | 2022-05-24 00:00:00

The role of an inclusive pension system in any society is increasingly important to ensure that future retirees will have sufficient funding to retain their standard of living at the end of their working life. However, the newly proposed Universal...

Fresh fiscal bailouts up as bourses dip

FE REPORT | 2022-05-23 12:00:00

Stocks sink yet deeper as the benchmark of Bangladesh's prime bourse hit an 11-month low on Sunday, prompting the government to frame rescue packages with fresh financial injections. A latest refinance scheme worth Tk 10.09 billion and raising the margin-loan...

BGMEA holds milad and doa mahfil

OUR CORRESPONDENT | 2022-05-23 12:00:00

CHATTOGRAM, May 22: The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) held a milad and doa mahfil in memory of its recently deceased directors at its office at Khulshi in the port city on Saturday. The deceased directors are Md...

Easing workplace stress

Ekram Kabir | 2022-05-23 12:00:00

That workplace stress significantly hampers productivity and increases frictions among co-workers is no revelation. Also an unhappy and stress-afflicted person in most cases fails to deliver what is expected of him or her.There have been surveys and studies galore to...

Rohingya from India: Dhaka sends 'note verbale' to Delhi

2022-05-23 00:00:00

Bangladesh has asked India to take measures to halt entry of the Rohingyas as Dhaka reported the arrival of some Myanmar nationals in the past weeks, reports UNB."We've sent a note verbale," Mashfee Binte Shams, Secretary (East) at the Ministry...

Water hyacinth

2022-05-23 00:00:00

Water hyacinth has covered this entire channel of the river Buriganga near Lalbagh in Old Dhaka. This not only hinders smooth flow of water but also contributes to pollution in the area. The photo was taken recently — FE photo

BEA floats Tk 20.50tn alternative budget

FE REPORT | 2022-05-23 00:00:00

Bangladesh Economic Association (BEA) on Sunday placed an alternative national budget of Tk 20.50 trillion, which is more than three times higher than the national budget amount likely to be proposed for the upcoming fiscal year (FY 2022-23).The platform of...

Monkeypox self-limiting but may be severe in some individuals: WHO

2022-05-23 00:00:00

Monkeypox is usually self-limiting but may be severe in some individuals, such as children, pregnant women or persons with immune suppression due to other health conditions, says the World Health Organization (WHO) on Sunday, reports UNB.Eating inadequately cooked meat and...

HSIA-Tejgaon phase sees 80.66pc progress

MUNIMA SULTANA | 2022-05-23 00:00:00

Challenges still exist in completing construction of the First Dhaka Elevated Expressway (FDEE) from Hazrat Shahjalal International Airport (HSIA) to Shonir Akhra of the Dhaka-Chattogram Highway by next year.Officials of Italian-Thai Development Public Company said 80.66 per cent progress in...

Chevron gives bid to Petrobangla

M AZIZUR RAHMAN | 2022-05-23 00:00:00

The US-based oil and gas giant Chevron plans to develop further two onshore gas-fields and one onshore block in Bangladesh in a quest to discover new gas zones and supply gas from those to help mitigate the country's mounting energy...