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Raw jute exporters push to reduce source tax to 0.25pc

FE REPORT | 2022-06-14 00:00:00

Raw jute exporters have urged the government to reduce advance source tax to 0.25 per cent on their export earnings in the budget.Bangladesh Jute Association (BJA) made the demand through a statement on Monday.They also demanded a reduction in excise...

Special mango train service begins

2022-06-14 00:00:00

CHAPAINAWABGANJ, June 13 (UNB): The special mango train with 3,000 kgs of mangoes left for Dhaka from Rahanpur Rail Station in Chapainawabganj on Monday afternoon, railway authorities said.Chief Transportation Officer of Bangladesh Railway West zone Shahidul Islam inaugurated the special...

BIDA, BCCCI to help boost Chinese investments

FE REPORT | 2022-06-14 00:00:00

Bangladesh Investment Development Authority (BIDA) and Bangladesh China Chamber of Commerce and Industry (BCCCI) signed a Memorandum of Understanding (MoU) on Monday, aiming to work jointly to increase Chinese investment in Bangladesh. BIDA Executive Member Avijit Chowdhury and Acting General...

Migrant labour shortage weighs on Malaysian firms

2022-06-14 00:00:00

KUALA LUMPUR, June 13 (Reuters): Malaysian companies from palm oil plantations to semiconductor makers are refusing orders and forgoing billions in sales, hampered by a shortage of more than a million workers that threatens the country's economic recovery.Despite lifting a...

Gold falls 1.0pc as rate hike bets bolster dollar

2022-06-14 00:00:00

LONDON, June 13 (Reuters): Gold fell 1 per cent on Monday after the dollar strengthened and Treasury yields rose as data showing surging inflation in the U.S. fuelled bets for steeper rate hikes from the Federal Reserve.Spot gold fell 0.9...

'SMART Bangladesh: Role of ICT Industry'

2022-06-14 00:00:00

Minister for Posts and Telecommunications Mustafa Jabbar, State Minister for Power, Energy and Mineral Resources Nasrul Hamid, State Minister for Information and Communication Technology Division Zunaid Ahmed Palak, former BGMEA president and Vice-Chancellor of Asian University for Women Dr Rubana...

Oil falls on Beijing's COVID warning, inflation worries

2022-06-14 00:00:00

LONDON, June 13 (Reuters): Oil dropped almost $1 a barrel on Monday as a flare-up in COVID-19 cases in Beijing and worries about more interest rate hikes raised concern about demand, although tight global supplies limited losses.Beijing's most populous district...

N Korea fires suspected artillery

2022-06-14 00:00:00

SEOUL, June 13 (AFP): North Korea fired a series of artillery shots over the weekend, Seoul's military said, days after leader Kim Jong Un vowed to use "power for power" to defend the country's sovereignty.The South Korean military detected "several...

Macron's bloc expected to maintain its parliamentary majority

2022-06-14 00:00:00

PARIS, June 13 (AP): French President Emmanuel Macron's centrist alliance is expected to keep its parliamentary majority after the first round of voting Sunday, but will likely have far fewer seats than five years ago, according to projections.Projections based on...

Biden to travel to S Arabia, Israel in July

2022-06-14 00:00:00

NEW YORK, June 13 (Reuters): US President Joe Biden will travel to Saudi Arabia and Israel next month and the White House is planning to announce the trip this week, a source familiar with the planning said on Sunday.Biden's trip,...

Panel to hear Trump campaign manager, probe election lie

2022-06-14 00:00:00

WASHINGTON, June 13 (AP): The House committee investigating the Jan. 6 riot is delving deeper into what it calls "the big lie," Donald Trump's false claims of voter fraud that fueled his relentless effort to overturn the 2020 election and...

Uttar Pradesh destroys houses of Muslim protesters

2022-06-14 00:00:00

NEW DELHI, June 13 (BBC): Authorities in the northern Indian state of Uttar Pradesh (UP) have demolished the houses of some Muslims who were allegedly linked to religious protests that turned violent.The protests were sparked by derogatory remarks made by...

Moscow-backed officials try to solidify Ukraine rule

2022-06-14 00:00:00

KYIV, Ukraine, June 13 (AP/BBC/AFP): Kremlin-installed officials in occupied southern Ukraine celebrated Russia Day on Sunday and began issuing Russian passports to residents in one city who requested them, as Moscow sought to solidify its rule over captured parts of...

N commitments reversible: Iran

2022-06-14 00:00:00

TEHRAN, June 13 (AFP): Iran said Monday that all measures it has taken to roll back on its commitments under the 2015 nuclear deal with world powers are "reversible"."If the agreement is finalised in Vienna tomorrow, all the measures carried...

Sadr's alliance MPs resign

2022-06-14 00:00:00

BAGHDAD, June 13 (AP): Dozens of lawmakers who make up the biggest bloc in Iraq's parliament resigned on Sunday amid a prolonged political impasse, plunging the divided nation into political uncertainty.The 73 lawmakers from powerful Shiite cleric Muqtada al-Sadr's bloc...

Warne honoured posthumously, Barty awarded in Queen's birthday list

2022-06-14 00:00:00

SYDNEY, June 13 (Reuters): Shane Warne has received his first Australian state honour posthumously after being named an Officer of the Order of Australia (AO) along with former tennis player Ash Barty in the Queen's Birthday list.The spin-bowling great, who...

4th MTB Club Football Carnival held

2022-06-14 00:00:00

Managing Director and CEO of Mutual Trust Bank Syed Mahbubur Rahman handing over a trophy to a winner of the 4th MTB Club Football Carnival held at Residential Model High School in the city recently. Vice Chairman of MTB Md...

FIFA approves permanent use of five subs for top games

2022-06-14 00:00:00

DOHA, June 13 (AFP): Football's rules body on Monday said that five substitutes would be permanently introduced for all top games and that an automatic offside detector is closer to being introduced for this year's World Cup.FIFA president Gianni Infantino...

New Zealand extend lead

2022-06-14 00:00:00

NOTTINGHAM, United Kingdom, June 13 (AFP): New Zealand reached 140 for 4 in 45 overs and took a lead of 154 runs after England's James Anderson claimed his 650th Test wicket on the fourth day of the second Test.Anderson was...

Indian subcontinent TV rights sold for $2.72b

2022-06-14 00:00:00

The highest bids for the two most lucrative categories - TV and digital - in the IPL rights e-auction for the next cycle [2023-27] have been identified. The biggest bid for TV rights for the Indian subcontinent [Package A] is...

Warm-up match ends in a draw

2022-06-14 00:00:00

The lone warm-up match of Bangladesh ahead of the series against the West Indies has ended in a draw. Bangladesh's Tamim Iqbal, Najmul Hossain Shanto, Ebadot Hossain and Mustafizur Rahman shone well in the match on Sunday, reports UNB.Bangladesh batted...

Bogura road crash kills two -

2022-06-14 00:00:00

BOGURA, June 13 (BSS): Two people were killed and three others injured in a head-on collision between a truck and a CNG-run auto-rickshaw in the Omarpur bus stand area in Nandigram municipal of the district on Monday.The deceased were identified...

Faridpur people upbeat about Padma Bridge opening

2022-06-14 00:00:00

FARIDPUR, June 13 (UNB): The inauguration of the much-awaited Padma Bridge on June 25 is going to bring increased economic activities in the 21 southwestern districts of the country.Businesses will expand, employment will be generated and new industries will be...

Role of land ports in connectivity, trade promotion & economic growth

Md Alamgir | 2022-06-14 00:00:00

Bangladesh Land port Authority (BLPA) came into being in 2001 with the enactment of 'Bangladesh Land port Act, 2001 by the parliament. So, as an organisation BLPA is only two decades old. Nonetheless within these short span of time, it...

TV dramas should be entertaining, not stressful

2022-06-14 00:00:00

Gone are the days when we used to feel proud of our television plays and their quality. Once we used to wait even an entire week for watching an episode of our favourite serial. We now have numerous TV channels...

Properly treating eyesight issues of Sitakunda fire victims

2022-06-14 00:00:00

The BM Container Depot blast in Sitakunda is one of the worst tragedies we have experienced in recent history. So far, at least 47 people have reportedly lost their lives, and more than 400 have been injured. After the explosion,...

Chinese example of primary education

2022-06-14 00:00:00

China has an entirely different school system compared to Bangladesh. Education in China is rigorous and exam-based, focusing mainly on math and science. Teacher training is a national priority, and all teachers are educated to impart basic skills across all...

Digital currency's prospect

Syed Fattahul Alim | 2022-06-14 00:00:00

Monetary transactions have already gone digital. Through the Mobile Financial Services (MFS), common people have meanwhile got used to doing banking transactions without much hassle. The money the MFS transfer is the electronic money (e-money) kept in the bank's computer...

Budgetary stance for FY 2022-23

Shihab Sarkar | 2022-06-14 00:00:00

The shooting up of the national budget outlay of a less developed country like Bangladesh from Tk 7,860 million in Fiscal Year 1972-73 to Tk 6.78 trillion in FY 2022-23 is a humble and normal graduation. The graduation spans a...

A good omen for the country's bond market

2022-06-14 00:00:00

A memorandum of understanding (MoU), signed by five public and private agencies on Sunday last, could be the harbinger of a vibrant bond market in the country. The representatives of the Bangladesh Bank, the Bangladesh Securities and Exchange Commission (BSEC),...