Golam Mortaza | 2022-05-26 00:00:00
In a recent article at an English Daily, renowned economist Professor Wahiduddin Mahmud tried to point out the structural problem of continued low level of revenue-GDP ratio in Bangladesh. He argued that the country's 'tax-GDP ratio, which is one of...
Syed Badrul Ahsan | 2022-05-26 00:00:00
Students of public universities residing in the halls of the institutions are trapped in a crisis not of their making. With a very large number of them coming from very humble backgrounds, they have of late been finding it hard...
Hasnat Abdul Hye | 2022-05-26 00:00:00
She is not the type who, either by force of habit or through the subterranean working of innate nature, indulges, even if occasionally, in sensational and dramatic pronouncements, ruffling the feathers of others, including peers. But when Nancy Pelosi, the...
Wasi Ahmed | 2022-05-25 12:00:00
Dairy, no doubt, is one of the most flourishing industries in the country over the past decades. From a very humble beginning with stray efforts here and there in an informal manner, the industry grew to a commendable height thanks...
Holding two bunches of lychees, this vendor is shouting to get customers' attention at his makeshift shop in Dhaka's Paltan area on Tuesday. Lychee season is now in its prime in the country with a variety of the juicy summer...
FE REPORT | 2022-05-25 00:00:00
Bangladesh Sugar and Food Industries Corporation (BSFIC) Tuesday said it was going to take legal action against unscrupulous traders who were selling adulterated sugar in name of product of BSFIC.It is also going to grill the traders who are selling...
Bangladesh registered 34 new Covid cases in 24 hours till Tuesday morning taking the country's total caseload to 1,953,298, health authorities said, report agencies.With no new Covid death reported during the period, the total fatalities from the pandemic so far...
The first hajj flight from Bangladesh slated to depart on May 31 has been rescheduled for June 5, the Ministry of Religious Affairs has said, reports UNB.According to its notification, the first hajj flight from Hazrat Shahjalal International Airport has...
Pakistan's government on Tuesday banned a planned protest march by ousted Prime Minister Imran Khan, who is demanding fresh elections as a political and economic crisis deepens in the South Asian nation, officials said, report agencies.The ban was announced by...
FE REPORT | 2022-05-25 00:00:00
The central bank on Tuesday issued a circular clarifying its earlier-released interest-waiver guideline.As per the latest clarification, state-owned commercial and specialised banks cannot waive interest from debiting their incomes.The Bangladesh Bank (BB) in its April 21 circular regarding the interest-waiver...
JASIM UDDIN HAROON | 2022-05-25 00:00:00
The just-launched US-led economic framework holds much potential for Bangladesh to leverage greater economic assistance and development finance, particularly for infrastructure and regional integration initiatives, some economists say. President Joe Biden Monday launched the new trade deal with 12 countries...
FE REPORT | 2022-05-25 00:00:00
Bangladesh has seen the lowest data-breach density in Asia with 06 breached email accounts per 100 internet users, according to a global study.Cyber security company Surfshark conducted the study on countries with the highest data breach rates worldwide.Countries were divided...
Prime Minister Sheikh Hasina on Tuesday said that Rohingyas refugees in Bangladesh are getting frustrated due to prolonged uncertainty over repatriation to their homeland, Myanmar, reports UNB."Such uncertainty has a great potential risk as it entices many to get involved...
YASIR WARDAD | 2022-05-25 00:00:00
The government has prepared a draft roadmap to raise local edible oil production by nearly 200 per cent within the fiscal year (FY) 2024-25, which could meet minimum 40 per cent of the country's total demand, officials said. The Ministry...
Firstlead investors seek reimbursementA group of affected investors of Firstlead Securities, which purportedly embezzled Tk 100 million of its clients, demanded their money back as soon as possible. One Mohammad Ayub Khan, who invested an estimated Tk 5.0 million in...
Electric plugs and sockets overhang this footpath right beside the Baitul Mukarram Market in the city on Tuesday. Each of the makeshift shops there and in the adjoining areas pays Tk 25-30 every single day in exchange for using electricity...
FE REPORT | 2022-05-25 00:00:00
After wheat, India now contemplates restricting its sugar export, a move that can raise global prices further.Market experts in Bangladesh suggest that government agencies remain alert so that traders cannot cash in on the Indian curbs.Reducing the existing high import...
SIDDIQUE ISLAM | 2022-05-25 00:00:00
The central bank on Tuesday issued a fresh directive for quoting rates to the overseas exchange houses engaged in remitting money, aimed at reining in volatility on the forex market.The authorised dealer (AD) banks have been asked not to quote...
FE REPORT | 2022-05-25 00:00:00
Regulatory duty is hiked to a prohibitive 20 per cent on four types of imports in a latest government action for saving Bangladesh's limited foreign-exchange reserves amid global crunch time. Fresh fruits, flowers, cosmetics and furniture are among the items...
FE REPORT | 2022-05-25 00:00:00
Top executives of non-bank financial institutions (NBFIs) urge the central bank to revise up interest rates on both lending and deposits to facilitate the sector's smooth run. At a meeting Tuesday, they proposed the rate up at maximum 8.0 per...
FE Report | 2022-05-25 00:00:00
The capital market refinancing scheme supervision committee has sought Tk 2.05 billion from the central bank for disbursement among market operators under the revised scheme.The committee has sent a letter to the Bangladesh Bank (BB) after holding a meeting on...
MUNIMA SULTANA | 2022-05-25 00:00:00
The Padma Bridge is scheduled to open for road traffic on June 25 next, establishing a direct link between the capital and southwestern regions of the country.Prime Minister Sheikh Hasina will inaugurate the country's longest multipurpose bridge over the river...
Doulot Akter Mala | 2022-05-25 00:00:00
Phasing out fiscal protection to local industries begins in the upcoming fiscal year by way of taxing those as Bangladesh prepares for open competition after LDC graduation, sources say.In the opening-up process the government is set to impose nominal taxes...
WASHINGTON, May 24 (AFP): The United States and South Korea have agreed to work more closely on crucial trade and supply-chain issues, the US Commerce Department announced Saturday.Establishing a US-Korea Supply Chain and Commercial Dialogue, the statement said, would "foster...
MOSCOW, May 24 (TASS): The majority of Latin American countries do not want to submit to demands by the Biden administration to join sanctions against Russia, Director of Russia's Foreign Intelligence Service (SVR) Sergey Naryshkin said as quoted by the...
DOHA, May 24 (Reuters): The Qatar Investment Authority cannot exit the Russian market and is waiting to assess its position there because of the Ukraine crisis, one of the sovereign wealth fund's chief investment officers said on Tuesday.Moscow placed restrictions...
Best Buy Co Inc, an American multinational consumer electronics retailer, cut its full-year profit forecast on Tuesday, joining other major US retailers to warn of an inflation hit, even as the electronics seller reported better than feared sales in the...
Bank of England Governor Andrew Bailey has hinted again that the Bank of England could hike interest rates further to help combat runaway inflation, reports Yahoo Finance UK.Speaking at Oesterreichische Nationalbank's Annual Economic Conference in Vienna on Monday, the BoE's...
HWANGE, Zimbabwe, May 24 (AFP): Zimbabwe will this week press a drive to legalise the ivory trade, inviting officials from 15 nations to meet in a national park that's a beacon of success in protecting elephants.Hwange National Park is overflowing...
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