Mobile financial service provider upay has signed an agreement with Northern Electricity Supply Company Limited (NESCO), facilitating around 1.7 million customers to pay their electricity bills through upay. Rezaul Hossain, Managing Director and Chief Executive Officer of upay, and Zakiul...
United Commercial Bank Limited (UCB) held its 39th Annual General Meeting on Thursday. The meeting was presided over by Bazal Ahmed; Vice-Chairman of the Bank, on a digital platform. In the AGM, shareholders have approved 10 per cent stock dividend...
FE REPORT | 2022-06-10 00:00:00
The power and energy sector will receive an allocation of Tk 260.66 billion in FY'23, 5.16 per cent lower than the Tk 274.84 billion allocated for the outgoing FY'22, according to the proposed national budget for the upcoming fiscal year.Presenting...
FE REPORT | 2022-06-10 00:00:00
The proposed budget for FY 2022-23 has allotted Tk 531.55 billion in support of the public-private partnership (PPP) as the government has 79 projects in the pipeline. "For public-private partnership (PPP), financial assistance to different industries, subsidies, equity investments in...
FE REPORT | 2022-06-10 00:00:00
Economic zones (EZs) across the country have drawn a proposed investment of an estimated $25 billion through land allocation to 196 entities.Moreover, the investment in private economic zones is approximately $4.0 billion, finance minister AHM Mustafa Kamal says in his...
FE REPORT | 2022-06-10 00:00:00
The government will continue implementation of the stimulus programmes in the next fiscal year (FY), 2022-23, taken to help the economy make recovery from the Covid-19 pandemic impacts."The stimulus programmes will continue in the coming fiscal year to further accelerate...
FE REPORT | 2022-06-10 00:00:00
Introducing Central Bank Digital Currency (CBDC) in Bangladesh is planned in what is seen as the process of building up a financial system alternative to the traditional physical finance. Finance Minister AHM Mustafa Kamal lays out a plan for the...
YASIR WARDAD | 2022-06-10 00:00:00
Allocation for the broader agricultural sector, including crop, livestock, fisheries and farm subsidy, increased to over 6.5 per cent (Tk 445 billion) of the proposed 2022-23 fiscal year (FY) budget.The amount for the same was 4.78 per cent in FY22.Rising...
FE REPORT | 2022-06-10 00:00:00
At least 13,307 borrowers have made their loans regular by taking the policy support within the scheduled timeframe, finance minister AHM Mustafa Kamal says.'Debt Rescheduling and One-time Exit Special Policy-2019' was issued to reduce defaulted loans and give a chance...
FE REPORT | 2022-06-10 00:00:00
The cash incentive on remittance income at the existing rate of 2.5 per cent would continue in the next fiscal year (FY 2022-23).The measure was proposed in the new national budget placed in parliament on Thursday, aimed at encouraging the...
FE REPORT | 2022-06-10 00:00:00
Stocks ended nearly flat on Thursday, as investors mostly followed cautious stance just ahead of unveiling the national budget.Finance Minister AHM Mustafa Kamal unveiled the national budget for the Fiscal Year (FY) 2022-2023 on Thursday evening.DSEX, the prime index of...
FE Report | 2022-06-10 00:00:00
The government has proposed a cut in the corporate tax rate by 2.5 per cent for listed companies with a condition that all financial transactions will be conducted through banks.The government has offered the tax benefit in an effort to...
Khawaza Main Uddin | 2022-06-10 00:00:00
Peoples living on the two sides of porous borders, especially in adverse locations in Bangladesh and its neighbouring countries often suffer from infrastructure deficiency and power supply uncertainty. They reportedly exchange fuel oil across the border illegally to meet the...
Hasnat M Alamgir | 2022-06-10 00:00:00
On May 11 the labour and employment ministry of the Bangladesh government issued a circular excusing the garment sector from labour law provisions of 100, 102, and 105 about working hours and overtime. It stipulates that garment factory workers can...
Shihab Sarkar | 2022-06-10 00:00:00
Those who were in their early teen in 1970-`71might not clearly remember the patriotic slogan of the masses witnessing the birth of the Bengalee nation. The slogan comprised the words, 'Tomar Aamar Thikakana, Padma Meghna Jamuna' (The identity of you...
Most of the farmers in our country are not educated. They find the use of chemical fertilisers the only means of increasing plant productivity. However, many of them do not yet know the adverse effects of synthetic chemical fertilisers on...
At least 750,000 people in Bangladesh are suffering from blindness while approximately 253 million people in the world live with moderate to severe vision impairment, according to a recent study. And most of the vision impaired people belong to low-...
The Sitakunda fire, which has claimed around 50 lives so far and injured hundreds, is another tragedy for our nation. It is the latest in an ever-growing list of tragedies that put Bangladesh's appalling industrial safety record once again under...
Zahid Huq | 2022-06-10 00:00:00
Two city corporations had unveiled a plan some months back to relocate the inter-district bus terminals to places outside the city. The mayors also had visited a few likely locations. Relocation will take time since there are other stakeholders. An...
Mahmudur Rahman | 2022-06-10 00:00:00
For over a decade Bangladesh's economic prowess and prospects have been exemplary. Macro indicators have been more than promising, inflation reasonably under control and development expenditure in healthy mode. For all the siphoning-off of money from the financial system and...
Although the announcement of hike in gas prices did not come too unexpectedly, the rationale for the action by the Bangladesh Energy Regulatory Commission (BERC) does not at all hold good, particularly at a time when vast majority of the...
LONDON, June 8 (Reuters): Oil prices rose on Wednesday, despite a likely rise in U.S. oil stocks, on the easing of Chinese COVID-19 related lockdowns and a possible strike by Norwegian oil workers.Brent crude futures were up $1.19, or 1%,...
KYIV, (Ukraine) June 8 (AFP): Russia claimed Tuesday that its forces had taken full control of residential neighbourhoods in eastern Ukraine's Severodonetsk, after Kyiv said its outnumbered troops were fighting on in the key eastern hub.The brutal weeks-long contest for...
ROME, June 8 (AP): Two U.N. food agencies issued stark warnings Monday about multiple, looming food crises on the planet, driven by climate "shocks" like drought and worsened by the impacts of the COVID-19 pandemic and the war in Ukraine...
GENEVA, June 8, 2022 (BSS/AFP) - The World Trade Organization holds its biggest gathering in four years from Sunday, looking to prove that it still has a role in turbocharging international commerce.Ministers from WTO member states are gathering in the...
This student, travelling by a bus on his way back home during hot summer noon, drinks water to cool him off as the vehicle gets stuck in a traffic jam - a telltale sign of how the scorching heat has...
India could soon allow traders to ship out around 1.2 million tonnes of wheat as it seeks to clear cargoes stuck at ports since last month's sudden ban of exports of the grain, government and trade sources said on Wednesday,...
A 28-year-old news producer of a private TV channel was found dead near Police Plaza in the Hatirjheel area of the capital on Wednesday, reports UNB.The deceased was identified as Abdul Bari, senior executive news producer of DBC.Abul Hasan, officer-in-charge...
Bangladesh registered 58 new Covid cases in 24 hours till Wednesday morning, taking the country's total caseload to 1,953,812, reports UNB.The country's total fatalities remained unchanged at 29,131 as no death was reported during the period, according to the Directorate...
CHAPANAWABGANJ, June 8 (UNB) : A 'special mango train' will operate on Chapainawabganj-Dhaka route from June 13 to transport mangoes at lower cost, said authority on Wednesday.The special train will start its journey from Rahanpur railway station in the afternoon...
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