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Gold prices reach record high

FE Report | 2022-05-22 00:00:00

Jewellers in Bangladesh have increased gold prices to a record high.As per new prices, the best quality of gold, 22 carat, will be sold at Tk 82,464 per bhori, up by around Tk 4,199 from the price set on March...

First Covid death in a month

FE Report | 2022-05-22 00:00:00

The country reported one death and 16 cases from Covid-19 in the last 24 hours till 8am Saturday. The last death from coronavirus in the country was recorded on April 20.Besides, 172 more patients recovered from the deadly viral disease,...

Rain inundates Ctg's low-lying areas

OUR CORRESPONDENT | 2022-05-22 00:00:00

CHATTOGRAM, May 21: People of Chattogram suffered on Saturday as rain-triggered water-logging, the perennial problem in the port city, rendered them stranded for several hours. Sources at the local Met office said the downpour started at 6am this morning and...

Three Chinese firms to invest in RMG, green energy and float glass

FE Report | 2022-05-22 00:00:00

Three Chinese companies have made proposals to invest in apparel, float glass and green energy sectors by setting up factories in Bangladesh, officials said.The firms intending to establish factories here are Xinyi Glass Holdings Limited, Guopu Energy Technology Company Limited...

Next-gen growth hinges on timely policies for pvt sector

FE Report | 2022-05-22 00:00:00

Policy and regulatory support for the private sector is required to assist Bangladesh in achieving the targets of becoming high-income country from its low-middle income stage in the next two decades.Private-public partnership needs to be strengthened in near future through...

Govt incorporates less fresh projects in next ADP

FHM HUMAYAN KABIR | 2022-05-22 00:00:00

The government has taken a cautious approach towards development budget spending this time around as it has incorporated less fresh projects in the upcoming Annual Development Programme (ADP) than in the past, officials said on Saturday.In the newly approved ADP...

Briefing 22-05-2022

2022-05-22 00:00:00

Foreign stake in small-cap cos dropsForeign stakes in many small-cap listed companies declined significantly in last 10 months as the foreigners offloaded their shares held in those companies. The foreign stakes in large-cap companies, however, declined marginally during the period....

Entrepreneurs want cut in limit to 20pc

REZAUL KARIM | 2022-05-22 00:00:00

Entrepreneurs seek a cut in the limit of local value addition to leather products, as a condition for availing export incentives, to 20 per cent.Sources say the Leather Goods and Footwear Manufacturers And Exporters Association of Bangladesh (LFMEAB) has requested...

Human rights, fair election crucial for EBA facilities

FE Report | 2022-05-22 00:00:00

The European Union has made it clear that ensuring human rights and fair election would be crucial for continuation of its Everything But Arms (EBA) facilities in Bangladesh, the largest beneficiary of the preferential trading arrangement.The unilateral arrangement is conditional...

Loose flour hits Tk 50 a kg

YASIR WARDAD | 2022-05-22 00:00:00

Wheat flour continues to surge in the local market as coarse flour (ata) in loose form rose in price at Tk 50 per kilogram on Saturday.It was a hike by Tk 4.0 a kg in four days and Tk 10...

NBR nod to join maritime scheme

DOULOT AKTER MALA | 2022-05-22 00:00:00

The revenue authority has given the go-ahead to join the critical maritime routes Indo-Pacific project CRIMARIO-II of the European Union (EU).The initiative will help ensure maritime security and drug trafficking through security software.CRIMARIO-II is a four-year EU-funded project at €7.5...

Dealer banks makes six-pt proposals

Siddique Islam | 2022-05-22 00:00:00

The apex body of dealer banks has submitted six-point proposals to the central bank for stabilising the ongoing volatility in the country's foreign exchange (forex) market.The Bangladesh Foreign Exchange Dealers' Association (BAFEDA) suggested the Bangladesh Bank (BB) providing the state-owned...

Budgetary measures sought for underprivileged people

FE REPORT | 2022-05-22 00:00:00

Bangladesh should extend support to the underprivileged people by incorporating relevant measures of welfare in the upcoming national budget, in a bid to help them tackle ongoing economic challenges, said speakers at a roundtable on Saturday.It also should take initiatives...

BRICS-led bank to set up regional office in India

2022-05-22 00:00:00

New Development Bank (NDB), established by the BRICS group of emerging economies, said on Friday it would set up a regional office in India for funding and monitoring infrastructure projects in that country and Bangladesh, reports Reuters."The Indian Regional Office...

Bring ‘high-rises, shopping malls under fire, earthquake insurance policies’

2022-05-22 00:00:00

FE REPORTAs the country is vulnerable to moderate and severe earthquakes, multi-storied buildings and shopping malls should be brought under fire and earthquake insurance policies.First Vice President of Bangladesh Insurance Association and Vice Chairman of Karnaphuli Insurance Company Nasir Uddin...

Nissan launches new SUV 'Magnite' in Bangladesh

2022-05-22 00:00:00

Nissan launched on Saturday the powerful, all-new Nissan Magnite in Bangladesh, reports BSS.The award-winning B-SUV offers a smooth, confident driving experience, with a distinctive, muscular presence that projects a bold statement on the streets.Ambassador of Japan to Bangladesh ITO Naoki...

News in Brief-(2022-05-22)

2022-05-22 00:00:00

Army IBA extends BBA application deadline to Jun 15 The Army Institute of Business Administration (Army IBA) in Sylhet's Jalalabad has extended the application deadline for its Bachelor of Business Administration (BBA) programme. The latest deadline for free-of-cost application is...

Temperature may fall today------------

2022-05-22 00:00:00

Rain/thunder showers with intense lightning flashes and temporary gusty/squally wind is likely to occur at many places over Rangpur, Rajshahi, Dhaka, Mymensingh, Sylhet and Chattogram divisions in the next 24-hour from 06:00 am today (Sunday), according to the Met Office.It...

Death anniversary-------

2022-05-22 00:00:00

FE ReportThe 16th death anniversary of the founding editor of Eastern News Agency (ENA) will be observed today (Sunday).A doa-mahfil and distribution of food among the poor will be organised, a release said.Mallik introduced the ENA during the country's liberation...

Seven get life term for violating Bangladesh woman in India

2022-05-22 00:00:00

NEW DELHI, May 21 (UNB): A special court in India has sentenced seven Bangladeshi nationals to life in jail for raping a woman from their country in the southern city of Bengaluru last year.The fast-track court also handed down jail...

Father of FE journo dies

FE REPORT | 2022-05-22 00:00:00

Habibur Rahman, a freedom fighter of Brahmanbaria district and a businessman, died of respiratory failure at his Mirpur residence on Saturday.He had been suffering from old-age complications after a brain stroke.He left behind his wife, four sons, two daughters and...

BAF chief returns home from Turkey

2022-05-22 00:00:00

Chief of Air Staff of Bangladesh Air Force (BAF) Air Chief Marshal Shaikh Abdul Hannan returned home on Friday after an official visit to Turkey, reports BSS.The BAF chief left Dhaka for Turkey on May 14 at the invitation of...

‘Launch cyber battle against anti-Bangladesh propaganda’

2022-05-22 00:00:00

Awami League (AL) Presidium Member Muhammad Faruk Khan has called upon the expatriate leaders and activists of the party to launch a cyber battle against BNP-Jamaat's anti-Bangladesh propaganda in a coordinated way, reports UNB. Faruk Khan, also the Chairman of...

Agriculture in South Asia highly vulnerable to climatic variability

2022-05-22 00:00:00

DU Correspondent Experts have warned that agriculture in South Asia is highly vulnerable to climatic variability and climate change, especially in rain-fed regions. They also identified South Asian countries at 40 pc risk of natural disasters following the impact of...

BD ready to share good practices in agriculture, food security: Shahriar

2022-05-22 00:00:00

State Minister for Foreign Affairs Md Shahriar Alam has said Bangladesh stands ready to share its good practices in the areas of agriculture and food security with countries in comparable situations, reports UNB.He called on the developed countries to fulfil...

Social Islami Bank Limited has opened 15 agent banking outlets. Chairman of the bank Dr Md Mahbub Ul Alam

2022-05-22 00:00:00

Social Islami Bank Limited has opened 15 agent banking outlets. Chairman of the bank Dr Md Mahbub Ul Alam along with Managing Director and CEO Zafar Alam and other high officials inaugurated the agent outlets through a virtual platform from...

NCC Bank launches two new products

2022-05-22 00:00:00

NCC Bank has launched two new services namely 'NRB Home Loan' and 'Micro ATM' on the occasion of its 29th anniversary, says a press release. Chairman of the bank Md Abul Bashar launched these products on Thursday at NCC Bank...

Cargo vessel leaves for Liverpool

2022-05-22 00:00:00

NAZIMUDDIN SHYAMOLCHATTOGRAM, May 21: After resumption of Chattogram-Europe direct sea link late last year, another cargo vessel carrying readymade garment (RMG) goods set the sail for a European destination at the weekend. Privately-owned vessel MV AMO carrying 182 TEUs (twenty-foot...

Pulse prices rise as soaring dollar hurts imports

2022-05-22 00:00:00

With the cooking oil market still to go off the boil, pulse prices are on the rise and some varieties have vanished from the shelves in some areas as the US dollar soaring against the taka amid the Ukraine-Russia war...

Winners of the three-day 'Nagad Cup Golf Tournament- 2022' posing with the trophy at a prize-giving

2022-05-22 00:00:00

Winners of the three-day 'Nagad Cup Golf Tournament- 2022' posing with the trophy at a prize-giving ceremony at the Kurmitola Golf Club in Dhaka Cantonment in the city recently. Chief of Army Staff and President of Kurmitola Golf Club General...