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US President makes $150 million commitment to ASEAN leaders

2022-05-14 00:00:00

WASHINGTON, May 13 (Reuters): US President Joe Biden opened a gathering of Southeast Asian leaders with a promise to spend $150 million on their infrastructure, security, pandemic preparedness and other efforts aimed at countering the influence of rival China.On Thursday,...

Gold prices fall -

2022-05-14 00:00:00

Gold fell on Friday and was headed for a fourth consecutive weekly decline pressured by overall strength in the dollar on prospects of aggressive interest rate hikes by the US Federal Reserve, reports Reuters.Spot gold fell 0.2 per cent to...

Indian rice export rates slip on rupee plunge

2022-05-14 00:00:00

Prices of rice exported from India fell this week on the rupee's plunge to a record low, while strong interest from Middle Eastern markets boosted rates of the staple from Thailand, reports Reuters.Top exporter India's 5 per cent broken parboiled...

Emirates airline cuts annual loss to $1.1 billion as travel rebounds

2022-05-14 00:00:00

DUBAI, May 13 (Reuters): Dubai's Emirates airline on Friday posted an annual loss of $1.1 billion, a sharp improvement on the $5.5 billion loss in the previous year, as demand for international travel was boosted by governments easing pandemic-related curbs.The...

Russian fuel oil exports to UAE set to spike in May

2022-05-14 00:00:00

LONDON, May 13 (Reuters): Russian fuel oil arrivals in the UAE oil hub of Fujairah are set to jump sharply to about 2.5 million barrels this month, data shows, in a sign that flows of Russian oil and refined products...

Milan on brink of title triumph

2022-05-14 00:00:00

ROME, May 13 (AFP): AC Milan welcome Atalanta to the San Siro on Sunday knowing this could be the weekend that they snatch the Scudetto from local rivals Inter Milan.Needing four points from their final two games of the season,...

Uncertainty clouds over Asia Cup

2022-05-14 00:00:00

The fate of the Asia Cup, scheduled to be held in Sri Lanka, is likely to be decided by the end of the month, even as serious doubts are being expressed over the feasibility of the Australia-Sri Lanka series happening...

BD face Thailand in 2nd semis today

2022-05-14 00:00:00

Bangladesh national hockey team face hosts Thailand in the second semifinal of the Asian Games qualifier scheduled to be held today (Saturday) in Thailand, Bangkok. The match kicks off at 3 pm (BST), reports BSS.Earlier, Bangladesh got off to a...

BD archery team leave for France today

2022-05-14 00:00:00

A seven-member of Bangladesh archery team leave for France today (Saturday) to take part in the 19th Summer School Games 2022 scheduled to be held from May 16-21 in Normandy, reports BSS.The Bangladesh Archery team which included one instructor, three...

SL cricketers to focus on Bangladesh Tests despite turmoil at home

2022-05-14 00:00:00

CHITTAGONG, May 13 (AFP): Sri Lanka's cricketers are hoping to distract their fans from political turmoil back home when they take on Bangladesh in a two-Test series starting this weekend.The first Test of the series, which is part of the...

Shakib joins Test squad after testing Covid negative

2022-05-14 00:00:00

Bangladesh head coach Russell Domingo said on Friday that it will be hard to consider fifty-sixty per cent fit Shakib al Hasan in the two-match series opener against Sri Lanka, according to Cricbuzz.Shakib, who was ruled out of the opening...

Giving women the confidence

Soma Dhar | 2022-05-14 00:00:00

Our National Poet Kazi Nazrul Islam wrote: "The good done by the civilization, half created by men and half by the women." There are infinitive resources and powers within us if we search them out.Truly there is more in us...

Looking for small delights in this heartless city

Nilratan Halder | 2022-05-14 00:00:00

The number of people in the wide world, who do not love flowers, birds and butterflies is perhaps next to nothing. But unfortunately, the young generations, particularly in towns and cities, are growing up without ever coming in close proximity...

Preventing peptic ulcer

2022-05-14 00:00:00

Peptic ulcer has now become a common disease in Bangladesh. It is an open sore or sores that develop in the lining of the stomach, lower oesophagus, or small intestines. The disease is caused by bacterial infections, smoking, long-term painkiller...

Save our heritage sites

2022-05-14 00:00:00

It is a matter of pride that Bangladesh has seen significant economic development in the recent past. It is, however, disappointing that, in the midst of this rush for development, many historical and heritage sites have not been given due...

Developing mechanism to curb bike accidents

2022-05-14 00:00:00

Road accident is a common affair in Bangladesh. But it intensifies manifold every year during Eid days. As many as 416 travellers have died in 372 road accidents across the country recently during the Eid-ul-Fitr holidays, according to a report...

Rise in per capita income is no panacea

Tanim Asjad | 2022-05-14 00:00:00

Bangladesh has witnessed another jump in per capita income. In the current fiscal year, per-capita income stood at US$2,824 from $2,591 in the previous fiscal year. In other words, the annual average income of the country's people increased by around...

Is there any hope for Sri Lanka?

Syed Fattahul Alim | 2022-05-14 00:00:00

The situation in Sri Lanka has in recent days turned for the worse as the members of the public have now started violent street demonstrations to see an end to the incumbent political regime. To contain the situation, the government...

Economic growth figures need to be more inclusive

2022-05-14 00:00:00

Following a meeting of the Executive Committee of the National Economic Council (ECNEC), the planning minister made public a provisional figure on the economy's growth rate for the FY2021-22. Based on the data provided by the Bangladesh Bureau of Statistics...

Fiscal policy for incentivising education

Fahmida Khatun, Mustafizur Rahman, Khondaker Golam Moazzem and Towfiqul Islam Khan | 2022-05-14 00:00:00

The total allocation for the education sector in the current fiscal year (FY22) was Tk 719.53 billion, which was only 8.68 per cent higher than the revised budget for FY21. However, education budget as a share of total budget decreased...

News in Brief (2022-05-13)

2022-05-13 12:00:00

Tibet Airlines plane catches fire BEIJING, May 12: A Tibet Airlines plane caught fire on Thursday at a Chinese airport after veering off the runway, but all passengers and crew were "safely evacuated", the airline said. The flight, carrying 113...

Illustrating the commendable transformation of Bangladesh economy

Asjadul Kibria | 2022-05-13 12:00:00

Bangladesh celebrated its 50 years of independence last year, the Golden Jubilee of the emergence of the country as an independent and sovereign nation. From the so-called basket case to a fastest growing economy, the 50 years journey of Bangladesh...

Questions about Covid-19 yet to be answered

Nilratan Halder | 2022-05-13 12:00:00

Microsoft's Bill Gates and Bangladesh ace cricketer Shakib Al Hasan are reported to have got Covid-19 almost at the same time. The co-founder of Microsoft and the richest man on the planet until Jeff Bezos (now lost the pole position...

BD still lags far behind in tobacco tax reform

FE REPORT | 2022-05-13 00:00:00

Bangladesh is still lagging far behind the top-performing countries in the Tobacconomics Cigarette Tax Scorecard, said a study.In 2021, Bangladesh scored of 2.63 on a scale of 5.The study report shows an ample opportunity for Bangladesh to improve its performance...

Covid-19: No deaths, infections increasing

FE REPORT | 2022-05-13 00:00:00

Both Covid-19 caseloads and its test positivity rate increased on Thursday with no fatality from the virus was reported in Bangladesh.Directorate General of Health Services (DGHS) reported 51 new virus cases and 0.89 per cent infection rate on the day.The...

Experts for embracing digital innovations in PPP projects

FE REPORT | 2022-05-13 00:00:00

Global policy-makers, professionals and practitioners have recommended embracing digital innovations in the Public-Private Partnership (PPP) projects as the digital transformation will be a key factor in future. To them, available digital innovations may limit risks and help better manage the...

Min pvt hajj cost at Tk 0.46m

FE REPORT | 2022-05-13 00:00:00

An intended hajj pilgrim will have to spend minimum Tk 0.463 million (or Tk 4,63,744) for performing hajj under private management this year, according to HAAB."This year, a 'general package' has been arranged for hajj pilgrimage under private management. An...

BD consumption soars 18.36pc to Tk 38.19t

FHM HUMAYAN KABIR | 2022-05-13 00:00:00

Bangladesh's consumption rate has picked up to a record high of 18.36 per cent in the current fiscal year (FY), 2021-22, resulting in higher economic output.The consumption has swelled to Tk 38.19 trillion in the current fiscal compared to Tk...

KSA hiring from BD to speed up: Minister

FE REPORT | 2022-05-13 00:00:00

Manpower sending from Bangladesh to the Kingdom of Saudi Arabia (KSA) will be expedited further in the coming days through a proper process as both the countries are working to this end, said Expatriates' Welfare and Overseas Employment Minister Imran...

Slain Al Jazeera journo ‘icon of Palestinian coverage’

2022-05-13 00:00:00

NEW YORK, May 12 (AP): An Al Jazeera correspondent who was shot dead on Wednesday during an Israeli raid in the West Bank was a highly respected journalist in the Middle East whose unflinching coverage was known to millions of...