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Zero Covid death for 20th straight day in BD

FE Report | 2022-05-11 00:00:00

Bangladesh reported no death from coronavirus along with 26 new cases recorded in the last 24 hours until Tuesday morning.With no new Covid-19 death reported for the 20th straight day, the total fatalities from the pandemic remained same at 29,127.With...

152,674 litres of edible oil seized in 4 districts

2022-05-11 00:00:00

Law enforcers have seized 152,674 litres of edible oil illegally stored in warehouses in Kushtia, Pabna, Gazipur and Rajshahi districts on Tuesday, report agencies.Earlier in the week authorities in Dhaka and Chattogram seized nearly 50,000 litres of soybean and palm...

EC still lacks capacity for EVM use in all seats

2022-05-11 00:00:00

The Election Commis-sion still lacks the capacity to hold the entire national election through electronic voting machines (EVMs), Chief Election Commissio-ner Kazi Habibul Awal said on Tuesday, reports UNB."We still don't have the capacity to hold elections to all the...

Single point mooring project's cost goes up for 3rd time

FE REPORT | 2022-05-11 00:00:00

The government has revised the single- point mooring (SPM) double pipeline-installation project for a third time, extending the cost by 53 per cent to Tk 71.24 billion from the original estimation.The Executive Committee of the National Economic Council (ECNEC) approved...

World could see 1.5C of warming in five years

2022-05-11 00:00:00

The world faces a 50 per cent chance of warming of 1.5 degrees Celsius above pre-industrial levels, if only briefly, by 2026, the World Meteorological Organization (WMO) said on Monday.That does not mean the world would be crossing the long-term...

PM seeks more investments from US

2022-05-11 00:00:00

Prime Minister Sheikh Hasina Tuesday invited the businessmen of the United States with the assurance of best possible policy framework to take up the investment friendly atmosphere here in Bangladesh, report agencies."With strong prospect, I will now assure you of...

JS rail body seeks to go abroad to see dev

MUNIMA SULTANA | 2022-05-11 00:00:00

Members of the parliamentary standing committee on railways ministry intend to visit different countries to see railway-sector development in order to play their roles as a watchdog.The proposal for the post-Eid visit to Korea, China or Japan was placed for...

Briefing 11-05-2022

2022-05-11 00:00:00

Stocks fall after two-day riseStocks slipped into the red on Tuesday, snapping a two-day gaining streak, as the risk-averse investors opted for booking profit on quick-gaining issues in the final hour. Following the previous two days' gain, the market opened...

Prayer Timings (2022-05-11)

2022-05-11 00:00:00

Edible oil shortage still prevails in city

FE REPORT | 2022-05-11 00:00:00

Edible-oil supply increased to some extent, but its scarcity still prevailed in the city groceries on Tuesday - the sixth day since the government hiked soybean oil price by a record margin to Tk 198 a liter. Most of the...

Inflation, hefty subsidy baffle planners

SYFUL ISLAM | 2022-05-11 00:00:00

Price spiral and consequent hefty subsidy requirements turn a top concern for the authors of next fiscal budget, sources said, prompting thoughts on a fresh hike in key utilities' rates.Finance ministry officials Monday submitted a budget outline to Prime Minister...

Army gets emergency powers

2022-05-11 00:00:00

COLOMBO, May 10 (Agencies): Sri Lanka gave emergency powers on Tuesday to its military and police to detain people without warrants, after a day of clashes that killed seven people and injured more than 200, in violence that prompted Prime...

Sri Lanka crisis may hit BD apparel shipments

JASIM UDDIN HAROON | 2022-05-11 00:00:00

Local exporters are worried over the latest political turmoil in Sri Lanka, as around 40 per cent of the country's apparel shipments use the port of Colombo as the key transshipment hub to reach the US and European ports. Curfew...

Economy grows 7.25pc amid robust rebound

FE REPORT | 2022-05-11 00:00:00

A robust rebound from pandemic shocks powers Bangladesh's economy to grow 7.25 per cent in the outgoing fiscal year as per an official estimation shown Tuesday.The provisional data prepared by the Bangladesh Bureau of Statistics (BBS) also show a remarkable...

Rain drenches city under Asani impact

FE REPORT | 2022-05-11 00:00:00

The super cyclonic storm Asani was unlikely to hit Bangladesh directly but it started causing heavy to severe rainfall in the coastal regions which might continue for next three days.However, Bangladeshi and Indian Met offices predicted that the storm could...

LC margin doubles for high-end imports

Siddique Islam | 2022-05-11 00:00:00

The central bank tightens the letter of credit (LC) rules, doubling the margin for all imports, save some essentials, to ease import-payment pressure on the economy, officials say. Under the latest move, the Bangladesh Bank imposed a prohibitive 50-percent cash...

Weather (2022-05-11)

2022-05-11 00:00:00

Light to moderate rain/thunder showers with lightning flashes and temporary gusty/squally wind is likely to occur at most places over Rajshahi, Mymensingh, Dhaka, Khulna, Barishal, Chattogram and Sylhet divisions in the next 24-hour from 06:00 am today (Wednesday), according to...

Two aides to PK Haldar sued

FE REPORT | 2022-05-11 00:00:00

The Anti-Corruption Commission (ACC) on Tuesday sued two other accomplices of former banker Prashanta Kumar (PK) Haldar separately for their alleged complicity in embezzling Tk 34.80 million.Cases were filed against Swapan Kumar Mistry, chairman of Neutral Ltd, and his wife...

ACC sues 15 for embezzling Tk 400m from UCBL

FE Report | 2022-05-11 00:00:00

The Anti-Corruption Commission (ACC) on Tuesday filed two separate cases against 15 people including three government contractors for their involvement in embezzling over Tk 400 million from United Commercial Bank Ltd (UCBL) using work order of Chittagong City Corporation (CCC).According...

EWU holds 21st convocation

2022-05-11 00:00:00

The 21st Convocation of the East West University (EWU) was held on its own campus in the city on Tuesday, says a statement. As the representative of the President, Education Minister Dr Dipu Moni, MP, conferred degrees on the students....

USAID launches $20m project to protect forests, wetlands in BD

2022-05-11 00:00:00

A US$20 million ecosystem project has been launched to protect critical forests and wetland areas in Bangladesh from degradation, reports UNB.Planning Minister MA Mannan and USAID Deputy Administrator for Policy and Programming Isobel Coleman jointly launched the new five-year project.The...

SC stays bail to 'Golden Monir'

FE REPORT | 2022-05-11 00:00:00

The Appellate Division of the Supreme Court on Monday stayed a bail order granted by the High Court to Md Monir Hossain, known as Golden Monir, in a money laundering case. Chamber judge of the apex court Justice Borhanuddin passed...

Indictment hearing in Khaleda's Gatco graft case on June 5

2022-05-11 00:00:00

A court in the city on Tuesday set June 5 for holding a hearing on charge- framing against BNP chairperson Begum Khaleda Zia and 17 others in Gatco graft case, reports UNB.Judge Ali Hossen of Dhaka Special Judge Court-3 re-fixed...

Probe into Redwan's gunfire in Cumilla on

2022-05-11 00:00:00

RANGPUR, May 10 (BSS): Information and Broadcasting Minister Dr. Hasan Mahmud today said the probe is going on into the incident of opening gunfire by Secretary General of Liberal Democratic Party (LDP) Dr. Redwan Ahmed in Cumilla."The incident should be...

Three AL associate bodies asked to hold councils soon

2022-05-11 00:00:00

Three associate and brotherly organisations -- Bangladesh Chhatra League, Jubo Mohila League and Mohila Awami League of ruling Awami League (AL) have been asked to hold councils as early as possible, reports BSS.AL General Secretary and Road Transport and Bridges...

AL to face worse consequence than Sri Lanka's Rajapaksa: Fakhrul

2022-05-11 00:00:00

BNP Secretary General Mirza Fakhrul Islam Alamgir on Tuesday said the present Awami League government will end up facing even worse consequences than that of embattled Sri Lanka, reports UNB. "This government won't take a lesson from the persisting situation...

Next polls as per constitution

2022-05-11 00:00:00

Awami League General Secretary Obaidul Quader on Tuesday reiterated that the next general elections would be held in line with the provisions of the Constitution, issuing a fresh warning to the BNP that there is no scope of bargaining to...

Asian stocks fall on Wall Street rout

2022-05-11 00:00:00

HONG KONG, May 10, 2022 (AFP) - Asian equities mostly sank Tuesday and oil prices tumbled following a rout on Wall Street as anxieties were fanned over rising US interest rates, surging inflation and the impact of China's prolonged Covid...

Oil giants sell dirty wells to buyers with looser climate goals, study finds

2022-05-11 00:00:00

When Royal Dutch Shell sold off its stake in the Umuechem oil field in Nigeria last year, it was, on paper, a step forward for the company's climate ambitions: Shell could clean up its holdings, raise money to invest in...

IBTRA launches Entrepreneurship Development programme

2022-05-11 00:00:00

Islami Bank Training and Research Academy (IBTRA) launched a month-long Entrepreneurship Development Program at Chattogram Regional Center on Tuesday. Mohammed Monirul Moula, Managing Director and CEO of the bank inaugurated the workshop virtually as chief guest. Arif Hossain Khan, General...