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TCB seeks Tk 100b funds from government

REZAUL KARIM | 2024-05-16 00:00:00

The Trading Corporation of Bangladesh (TCB) has sought around Tk 100 billion of funds directly from the government to help the state-run agency lessen its dependence on costly bank loans, a source has said.To this practice, the entity has recently...

No battery-run three-wheelers on Dhaka roads: Quader

2024-05-16 00:00:00

Road Transport and Bridges Minister Obaidul Quader on Wednesday ordered the authorities concerned to take steps so that the battery-run three-wheelers cannot ply roads in Dhaka city."No battery-run three-wheelers will be allowed on city roads and already plying of three-wheelers...

US reverses course to 'rebuild trust' in BD ties

FE REPORT | 2024-05-16 00:00:00

Donald Lou leaves a clear signal that the United States is now agog to work together with Bangladesh government, particularly on business front, forgetting the acrimony that roiled relations before the polls here.The Visiting US assistant secretary of State wrapped...

New gas-fired power plants add to electricity burden

M AZIZUR RAHMAN | 2024-05-16 00:00:00

Despite a gas-supply crunch idling two dozen power plants, two private LNG-run power plants went into commercial production recently, while sources say that at least two more will follow suit in the coming months.The two power plants will now be...

Briefing 2024-05-16

2024-05-16 00:00:00

Prayer Timings (2024-05-16)

2024-05-16 00:00:00

Glass fever heats up Dhaka city

SM NAJMUS SAKIB | 2024-05-16 00:00:00

The increasing use of glass in new buildings, particularly in upscale parts of Dhaka, is contributing to a rise in the city temperatures, with negative consequences for residents and the environment.Environmentalists, architects and urban planners have called for a more...

BD economy may grow slower at 5.9pc next fiscal year

FE REPORT | 2024-05-16 00:00:00

Bangladesh economy may grow at a 5.9-percent rate in the upcoming fiscal year, says Hong Kong and Shanghai Banking Corporation (HSBC) Limited and forecasts a pickup in FY2025-26. The economy could rebound in the FY2026 and is expected to grow...

Policy update to transform population into resources

2024-05-16 00:00:00

Prime Minister Sheikh Hasina on Wednesday said the government has decided to update the Population Policy 2012 aiming to transform the population into human resources, reports UNB."Very recently we have decided to update the Population Policy 2012. In the new...

Bangladesh targets $110b export by FY'27

FE REPORT | 2024-05-16 00:00:00

Bangladesh sets sights high on US$110 billion in export earnings by fiscal year 2026-27 in a substantial increase from the current mark, which officials see achievable but economists appear a bit sceptical.The Cabinet Committee on Economic Affairs (CCEA) Wednesday approved...

Weather (2024-05-16)

2024-05-16 00:00:00

Weather may remain mainly dry with temporary partly cloudy sky elsewhere over the country in the next 24 hours from 06:00 am today (Thursday), according to the Met Office. Rain/thunder showers accompanied by temporary gusty wind is likely to occur...

TCB truck sale point at Wari

2024-05-16 00:00:00

Women line up to buy essential items at subsidised rates from a TCB truck sale point at Wari in Dhaka on Wednesday — Focus Bangla

Airbus keen to build long-term ties with BD

2024-05-16 00:00:00

European commercial aircraft manufacturing giant Airbus is interested in building a strong and long-term collaboration with Bangladesh to contribute to the sustainability and advancement of the country's aviation sector.This proposal came up while visiting Airbus Executive Vice President (International) Wouter...

10 extortionists held in Ctg

OUR CORRESPONDENT | 2024-05-16 00:00:00

CHATTOGRAM, May 15: The elite force Rapid Action Battalion (RAB) arrested 10 persons in connection with their involvement in extorting money from cargo trucks, passenger buses, microbuses, and CNG auto-rickshaws in Chattogram.They were arrested in separate raids by the RAB-7...

Garbage disposal in canals to invite action, warns DNCC mayor

FE REPORT | 2024-05-16 00:00:00

Dhaka North City Corporation (DNCC) Mayor Md Atiqul Islam has warned that punitive action would be taken as per law for dumping waste in the canals under jurisdiction of the corporation.He also said many building owners have installed direct connections...

Dengue claims three lives in a day

2024-05-16 00:00:00

Three more deaths were reported from dengue in 24 hours till Wednesday morning, raising the number of fatalities from the mosquito-borne disease in Bangladesh to 32 this year, reports UNB.During the period, 21 more patients were hospitalised with viral fever,...

BB explanation on journalists' access to central bank

FE REPORT | 2024-05-16 00:00:00

Bangladesh Bank (BB) has issued an explanation over recent reports regarding restrictions on journalists' entry to the central bank, stating that it considers disseminating information to the public a top priority.In the explanation, it said the central bank appointed an...

Dr Abdul Malek speaking at a workshop

2024-05-16 00:00:00

Chief Information Commissioner Dr Abdul Malek speaking at a workshop on Right to Information Act 2009 in Keraniganj upazila of Dhaka district on Wednesday

Journalists decry BB's restrictive measures

FE REPORT | 2024-05-16 00:00:00

Senior journalists and union leaders on Wednesday demanded unrestricted access for journalists to the Bangladesh Bank, underscoring the importance of disseminating news for ensuring people's right to information.They condemned the restrictions on journalists' entry into the central bank as an...

SC stays HC order till Aug 25

FE REPORT | 2024-05-16 00:00:00

The Appellate Division of the Supreme Court on Wednesday stayed until August 25 this year a High Court verdict that asked the jail authorities not to keep death sentence prisoners in the solitary confinement before the end of all legal...

Ex-MP Poton, four others land in jail on surrender

FE REPORT | 2024-05-16 00:00:00

A Dhaka Court on Wednesday sent Kamrul Ashraf Khan Poton, a former lawmaker from the Narsingdi-2 constituency and owner of contracting firm Poton Traders, and four others to jail after cancelling their ad-interim bail in a case filed for stealing...

Four RU BCL leaders expelled over clashes

2024-05-16 00:00:00

Bangladesh Chhatra League (BCL) has expelled four of its leaders from the Rajshahi University unit on charges of their involvement in a series of clashes. The decision was publicised in a press release signed by Central Chhatra League Office Secretary...

Farakka Barrage to be a threat to very existence of BD: Fakhrul

FE REPORT | 2024-05-16 00:00:00

Farakka Barrage will become a dangerous threat for the very existence of Bangladesh, said Bangladesh Nationalist Party (BNP) secretary general Mirza Fakhrul Islam Almagir on Wednesday. "May 16 is Farakka Day, a historical and important day of our national movement....

BNP's Nazrul raises alarm over dwindling reserves

2024-05-16 00:00:00

BNP senior leader Nazrul Islam Khan voiced profound concerns over dwindling foreign currency reserves, stating that the nation is grappling with a severe crisis exacerbated by the misdeeds of the government, reports UNB."Our reserves are declining without any sign of...

BD-US relations to be enhanced: Saber Chy

2024-05-16 00:00:00

Environment Minister Saber Hossain Chowdhury on Wednesday said the existing relations between Bangladesh and the United States (US) would be enhanced, reports BSS."Significant strides were made towards enhancing bilateral relations between Bangladesh and the United States, particularly in environmental and...

German chancellor tells firms to hire foreign workers

2024-05-16 00:00:00

BERLIN, May 15 (Reuters): Europe's biggest economy needs companies to recruit workers from abroad to keep growing, German Chancellor Olaf Scholz said on Wednesday, adding no one should be swayed by populist demands such as to leave the European Union."Germany's...

ISLAMI BANK-TRANSFAST REMITTANCE CAMPAIGN WINNERS RECEIVE CAR AND TK 3.0M

2024-05-16 00:00:00

Islami Bank-Transfast remittance campaign ended with a grand ceremony at a city hotel recently. Monzal, a client of agent outlet under Kapasia Branch, won a 1500cc private car as the mega prize. Besides, thirty winners, announced through digital draw on...

PREMIER BANK OPENS BOOTH AT ASHKONA HAJJ CAMP

2024-05-16 00:00:00

The Premier Bank PLC has opened Hajj Booth at the Hajj Camp at Ashkona in Dhaka for providing special services to Hajj pilgrims. Mohammad Abu Jafar, Managing Director & CEO of the bank, along with other officials inaugurated the booth...

VAT on Indenting impacts export earnings negatively

Md. Ashiquzzaman | 2024-05-16 00:00:00

VAT on Indenting service export is still imposed @ 5% though Indenting service is an export sector and as per Clause 24 of the VAT Act-2012, there should not be any VAT on it. Indentors export their services abroad to...

PRIME BANK INVESTMENT HOSTS ROADSHOW IN SINGAPORE

2024-05-16 00:00:00

Prime Bank Investment Limited (PBIL) has recently hosted an 'Investment Roadshow Singapore 2024' in Singapore, aiming to empower remittance earners and unlock the nation's potential in the capital market. Powered by PrimeInvest Probashi, a discretionary stock market investment solution for...