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Ukrainian imbroglio: A blot on modern times

Shihab Sarkar | 2022-05-13 00:00:00

The quandary in which Ukraine, once called the breadbasket of the Soviet Union, now finds itself is unexpected, if not unique. A number of nations in the two World War-hardened global theatre found themselves in a similar maze-like situation. The...

Importance of savings

2022-05-13 00:00:00

Most of our children are given earthen banks so that they can grow the habit of saving money early in their life. But it is becoming increasingly difficult for youngsters to save money. With the advent of social media, young...

Resolving varsity students' accommodation problem

2022-05-13 00:00:00

A large number of students from villages regularly move to cities like Dhaka for higher education. Unfortunately, many of them do not find on-campus accommodations or residential facilities. University authorities rarely help them find reasonable housing. So students are compelled...

How traffic jam affects public health

2022-05-13 00:00:00

For Dhaka city dwellers, facing no traffic congestion is a rarity. We have to encounter this inevitable hassle well beyond tolerance. Whenever the issue of traffic congestion comes, we talk about its economic costs. But only a few of us...

State of corporate AGMs

Rafeen Huq | 2022-05-13 00:00:00

Shareholders expect their listed companies to make a juicy profit and declare a handsome dividend at the Annual General Meetings (AGMs). The board of directors of a company approves the dividend amount, if there is any, and makes it public...

National Award for Productivity and Quality Excellence

2022-05-13 00:00:00

Dubbed the National Award for Productivity and Quality Excellence, the recognition to be conferred on 26 manufacturing firms makes a bold statement in favour of the progress made so far by the country on the industrial front. That the country's...

Looking for a 'zero-budget'

Mahmudur Rahman | 2022-05-13 00:00:00

Finance chiefs find few better options than zero-based options when the time comes for annual budgets of organisations. That's beside knowing, deep withinthat it's a losing haul. The fallacy that everyone jumps on the bandwagon with no clues how to...

Refrain from hoarding essentials: FBCCI

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

The country's apex trade body on Wednesday called on the traders to refrain from hoarding essential commodities, especially soybean oil, saying that such practices tarnish the image of the business community."We request wholesalers and retailers to do business with integrity....

Lankan economy 'to collapse unless new govt soon'

2022-05-12 00:00:00

COLOMBO, May 11 (Agencies): Sri Lanka's economy will "collapse" unless a new government is urgently appointed, the central bank chief warned Wednesday, as security forces fanned out on the streets to restore order after spasms of mob violence.Police say nine...

BD logs zero Covid death, 33 cases in 24 hrs

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

Thirty-three cases and zero death were reported from Covid-19 in Bangladesh on Wednesday.With the latest daily counts, the total fatalities from coronavirus reached 29,127 and the total caseload crossed 1.95 million since the virus was detected in the country in...

TCB sales drive starts May 16

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

The government is set to launch a countrywide truck sale of key essential items on May 16 to keep prices within people's purchasing power, officials say.The state-owned Trading Corporation of Bangladesh (TCB) will sell essential commodities in different parts of...

Verdict in Destiny Cooperative case today

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

A Special Court in Dhaka will deliver the judgment today (Thursday) in a case filed against 46 people, including Destiny Group President Harun-Ar-Rashid and Managing Director Rafiqul Amin, for allegedly embezzling Tk 18.61 billion through Destiny Multipurpose Cooperative Society Limited....

Fisheries ministry seeks 25pc cash incentive on chilled fish export

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

The Ministry of Fisheries and Livestock has requested the commerce ministry to take necessary steps to provide a 25-per cent cash incentive on the export of chilled fish, officials said.In January last, Bangladesh Live and Chilled Food Exporters Association requested...

Soldiers check documents

2022-05-12 00:00:00

Soldiers check documents of a driver at a road checkpoint in Colombo on Wednesday. Sri Lankan police have been ordered to go on the offensive and use live ammunition to stop rioting after another night of sporadic arson attacks —...

Encourage children in sports: PM

2022-05-12 00:00:00

Prime Minister Sheikh Hasina on Wednesday underscored creating opportunities for sports, exercise and cultural activities for everyone saying these are inevitable elements for building a nation, reports UNB."Sports, exercise and cultural activities are inevitable for a nation," she said while...

'Padma Bridge to open in last week of June'

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

Road Transport and Bridges Minister Obaidul Quader on Wednesday reiterated that the Padma Bridge will certainly be inaugurated in the last week of June, and the date will be announced after receiving the Prime Minister's (PM) schedule."I am saying that...

BBA board members for going slow with the plan

MUNIMA SULTANA | 2022-05-12 00:00:00

The board members of Bangladesh Bridge Authority (BBA) have proposed to go slow with the plan to develop a subway network in Dhaka city, aiming to relieve the commuters of construction-related hazards.Their stance on the issue came at the BBA's...

Briefing 12-05-2022

2022-05-12 00:00:00

Dhaka stocks plunge on panic saleStocks fell sharply on Wednesday as the jittery investors went for panic-driven sell-offs amid concerns over the country's macroeconomic situation. The market opened lower and the downturn continued until the end of the session with...

Prayer Timings (2022-05-12)

2022-05-12 00:00:00

Hajj cost increases

2022-05-12 00:00:00

Pilgrims will have to spend more to perform hajj this year as the minimum cost under government management has been fixed at Tk 462,150, raising the expense by Tk 1,02,150 compared to 2020, reports UNB.Under government management, Tk 5,27,340 has...

Forex falls fast on import financing, mkt feeding

Siddique Islam | 2022-05-12 00:00:00

Bangladesh's foreign-exchange reserves fell to US$41.95 billion following the feeding of the dollar-hungry money market over the months and a latest large import payment. Official sources say the central bank has pumped over US$5.0 billion into the market from reserves...

Less-priority projects being ditched

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

A crunch time prompts Bangladesh to go for deferring implementation of less-priority development projects to curtail spending from its foreign-exchange reserves. Finance Minister AHM Mustafa Kamal Wednesday unveiled the government's belt-tightening plan, a day after the country's central bank virtually...

TIB study reveals Tk 3.90b corruption

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

A TIB study has identified irregularities involving an amount of around Tk 3.90 billion in three under-construction power plants.The alleged corruption has taken place in the process of purchasing land, its acquisition and paying compensation to the land-owners, according to...

Chiefs of three bodies barred from board of subsidiary

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

Chairmen of three top policy-making committees of any bank will not be able to hold any post of its subsidiary company or foundation. The central bank of Bangladesh imposed the restriction in a circular on Wednesday. "If any chairperson of...

Corporates hesitant to confide docs to CAs

DOULOT AKTER MALA | 2022-05-12 00:00:00

Corporate taxpayers appear hesitant about providing necessary financial documents to the chartered accountants for verification, slowing tax-return submission and causing evasion by many.All of the financial statements have to be verified through Document Verification System (DVS) from this year and...

Weather (2022-05-12)

2022-05-12 00:00:00

Light to moderate rain/thunder showers accompanied by temporary gusty/squally wind is likely to occur at many places over Rangpur, Rajshahi, Dhaka, Mymensingh, Khulna, Barishal, Chattogram and Sylhet divisions in the next 24-hour from 06:00 am today (Thursday), according to the...

Dhaka Regency Hotel organised a programme

2022-05-12 00:00:00

Dhaka Regency Hotel and Resort organised a programme recently marking International Mother's Day, with the participation of high officials, associates and all its female employees

Traders selling fish keeping them alive

2022-05-12 00:00:00

In an avid attempt to attract customers, traders selling fish keeping them alive in polythene bags filled with water. The picture was snapped from a shop at Karwan Bazar fish market in the city on Wednesday — FE Photo

Disaster management know-how cuts loss

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

Proper knowledge of natural disaster management can help victims significantly minimise damage during any catastrophe, speakers tell a seminar.State initiatives aside, they say, mobilising social capitals are also important in this regard.The views were made at a seminar styled 'The...

Manpower recruiters demand level-playing field for all agents

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

Manpower recruiters on Wednesday demanded that the authorities concerned ensure level-playing field for all legitimate recruiting agencies by scrapping the 25-agency syndicate involved in sending workers to Malaysia.The recruiters made the demand at a press conference at the city's National...