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India rushes food, medicine to bankrupt Sri Lanka

2022-06-25 00:00:00

COLOMBO, June 24 (AFP) : Sri Lanka accepted a rice and pharmaceuticals shipment from neighbouring India Friday as the island nation battles an unprecedented economic crisis that has left supermarket shelves and pharmacy cabinets empty.A critical shortage of foreign currency...

Rice bran becomes hot commodity as India scours for edible oils

2022-06-25 00:00:00

MUMBAI, June 24 (Reuters): Rice bran has become a sought-after commodity in India as the world's biggest importer of vegetable oils tries to overcome an edible oil shortage caused by global supply disruptions.A by-product in rice milling, rice bran has...

Asian demand, rising costs squeeze Europe's LNG import plan

2022-06-25 00:00:00

LONDON, June 24 (Reuters): Europe's plan to get through a winter of difficult Russian gas supply with significant imports of liquefied natural gas (LNG) is at risk, with US supply curtailed by a key plant outage, rising demand in Asia...

Readjust edible oil prices: CAB

FE REPORT | 2022-06-25 00:00:00

The Consumers Association of Bangladesh (CAB) urged the government to readjust edible oil prices in the country following a downward trend of their rates in the international market.Vice-President of CAB central committee S M Nazer Hossain came up with the...

Alarming rise of divorce -

2022-06-25 00:00:00

The number of divorces is on the rise in Dhaka city. According to a recent news report, the number of notices for break-up rose to 7,245 in 2021 in Dhaka South City Corporation area, more than 14 per cent increase...

Making Dhaka cycle-friendly

2022-06-25 00:00:00

The city that features bicycle lanes gives the message that it cares for its bicyclists, that it is committed to helping citizens reduce their reliance on cars, and it does not want pollution. However, it is unfortunate to state that...

Padma Bridge: a symbol of pride

2022-06-25 00:00:00

The Padma Bridge, one of the biggest projects in the history of Bangladesh, is all set to be inaugurated today. By building this bridge with its own fund, Bangladesh has shown its capabilities. As a result of the construction of...

Cost of non-compromise with nature

Tanim Asjad | 2022-06-25 00:00:00

There is a growing trend in many countries of the world to destroy or distort natural resources for development. Growth-hungry developing countries like China, India, Brazil and Bangladesh are said to be some of those. Damaging natural resources and polluting...

Are bike riders a menace?

Syed Fattahul Alim | 2022-06-25 00:00:00

Though it sounds rather trite to say that nothing happens in this world without a cause, it is still the case that people often forget this commonsense maxim. Consider the recent furore over the rising number of motorbikes on the...

Padma Bridge, a dream come true for Bangladesh

2022-06-25 00:00:00

Today, the nation is going to witness a momentous event. It is the opening of the Padma Bridge by Prime Minister Sheikh Hasina. Doubtlessly, this is going to be a watershed moment marking a turning point in our national life....

Kremlin says Ukraine's EU candidacy is a 'domestic' European issue

2022-06-25 00:00:00

MOSCOW, June 24 (AFP): The Kremlin said on Friday that the European Union's decision to grant official EU candidate status to Ukraine, where Russia is conducting a military campaign, and neighbouring Moldova was a "domestic" matter."These are domestic European affairs....

Six die in crash of Vietnam-era helicopter in West Virginia

2022-06-25 00:00:00

LOGAN, June 24 (AP): A Vietnam-era helicopter showcased in action movies crashed on a rural West Virginia road, killing all six people on board, during an annual reunion for helicopter enthusiasts.The Federal Aviation Administration said the Bell UH-1B "Huey" helicopter...

Iran rejects Israeli charges of attacks in Turkey

2022-06-25 00:00:00

TEHRAN, June 24 (AFP): Iran dismissed on Friday as "ridiculous" allegations by Israel's foreign minister while on a visit to Ankara that the Islamic republic was planning anti-Israeli attacks in Turkey."The baseless allegations... are ridiculous and part of a pre-designed...

UN says journalist killed by Israeli fire

2022-06-25 00:00:00

GENEVA, June 24 (AFP): The United Nations (UN) said Friday that its findings showed that the shot that killed Al Jazeera TV journalist Shireen Abu Akleh on May 11 was fired by Israeli forces.The Palestinian-American journalist, who was wearing a...

Covid vaccines saved 20m lives in 1st year, scientists say

2022-06-25 00:00:00

NEW YORK, June 24 (AP): Nearly 20 million lives were saved by Covid-19 vaccines during their first year, but even more deaths could have been prevented if international targets for the shots had been reached, researchers reported Thursday.On Dec. 8,...

Boris Johnson under pressure after UK election defeats

2022-06-25 00:00:00

LONDON, June 24 (Reuters): Boris Johnson's Conservatives lost two parliamentary seats on Friday, a crushing blow to the governing party that prompted the resignation of its chairman and intensified doubts about the future of Britain's prime minister.In Rwanda for a...

N Korea approves new frontline army duties amid tensions

2022-06-25 00:00:00

SEOUL, June 24 (AP): North Korean leader Kim Jong Un doubled down on his nuclear arms buildup to overwhelm "hostile forces" at a key meeting where military leaders approved unspecified new operational duties for frontline army units.Members of the ruling...

US Senate passes first gun control bill in decades

2022-06-25 00:00:00

WASHINGTON, June 24 (BBC/AP): The US Senate has passed a gun control bill - the most significant firearms legislation in nearly 30 years.It imposes tougher checks on young buyers and encourages states to remove guns from people considered a threat.In...

An inspiration for women

Jabber Hossain | 2022-06-25 00:00:00

While we as a country progress towards economic excellence under the top leadership of the nation, we must also recognise the efforts of our business community and our fellow countrymen who work abroad and send back valuable remittances to accelerate...

Ten stocks grab 28pc turnover

FE REPORT | 2022-06-25 00:00:00

The ten most-traded stocks accounted for 28.4 per cent of transactions on the Dhaka Stock Exchange (DSE) in the week to Thursday, with Bangladesh Export Import Company (Beximco) leading the turnover chart.Beximco Group companies, especially Beximco and Shinepukur Ceramics, have...

Economic worries weigh on investor sentiment

BABUL BARMAN | 2022-06-25 00:00:00

Stocks extended the losing streak for a second straight week to Thursday as cautious investors continued dumping their holdings amid persistent macroeconomic worries.The week saw five trading days as usual with the first three days losing 114.08 points while the...

Kashmir - sequel of undefined partition

Abdur Rahman Chowdhury | 2022-06-25 00:00:00

Kashmir, a predominantly Muslim inhabited state in India, was robbed off its political autonomy in August 2019. As the British was winding up its empire, the princely states in India were given the option to join either India or newly...

Multinationals or internationally reputed cos may partner local entrepreneurs

Jasim Uddin Haroon | 2022-06-25 00:00:00

The Padma Multipurpose Bridge (PMB) connecting the cut-off southwestern part of Bangladesh holds enormous potential for facilitating the setting up of clothing and agro-processing industries, says a noted economist who enumerates umpteen other benefits, too."To my mind, two sectors mainly...

China hosts BRICS meeting amid economic concerns

2022-06-24 00:00:00

BEIJING, June 23 (AP): Chinese President Xi Jinping on Thursday is hosting a virtual summit with the leaders of Brazil, Russia, India and South Africa collectively known as the "BRICS," amid rising concerns over the global economic outlook and a...

Covid-19 continues to spread

FE REPORT | 2022-06-24 00:00:00

The spread of Covid-19 continued unabated as the authorities reported 1.319 new cases and a single death from the coronavirus on Thursday.The figures on Wednesday were 1,135 and one respectively, according to the Directorate General of Health Services (DGHS) data.However,...

BTMA worried over gas supply halt in N'ganj

FE REPORT | 2022-06-24 00:00:00

Bangladesh Textile Mills Association (BTMA) on Thursday expressed grave concern over the huge financial losses following the halt in production in textile mills due to the disruption to gas supply in Narayanganj.Production in hundreds of Narayanganj-based factories, including 40 export-oriented...

BB revives relaxed loan repayment policy

FE REPORT | 2022-06-24 00:00:00

The central bank has revived its relaxed loan-repayment policy to keep the ongoing economic activities stable despite long-term negative impact of the Covid-19 pandemic as well as the Russia-Ukraine war, officials said. Under the relaxed stances, the borrowers of large...

Flood situation in NE region improving

2022-06-24 00:00:00

The flood situation is gradually improving in northeastern and northern parts of Bangladesh while other low-lying areas of the country are likely to be inundated for short period of time, officials said, reports BSS.Meanwhile, a total of 24 people have...

No one can stop development: PM

2022-06-24 00:00:00

Prime Minister Sheikh Hasina on Thursday said that no one can stop Bangladesh's march towards development if the country is run in accordance with the plans formulated by the ruling Awami League, reports UNB. "If the country goes with these...

Tame inflation, cut trade deficit

FE Report | 2022-06-24 00:00:00

Leading economist Dr Ahsan H Mansur has suggested focusing more on taming inflation, reducing trade deficit by adopting contractionary import policy, instead of chasing ambitious GDP-growth target in the next fiscal year (FY).The Executive Director of Policy Research Institute (PRI)...