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Engine detaches, leaving 19 passenger coaches behind!

2025-09-03 00:00:00

A major accident was averted at Potiya in Chattogram on Monday night when the engine of Dhaka-bound Tourist Express train detached, leaving 19 compartments stranded at Komolmunshir Hat station, reports UNB.The incident occurred at around 09:30 pm, leaving nearly 900...

Afghanistan quake toll rises to more than 1,400: govt spokesman

2025-09-03 00:00:00

KABUL, Sept 2, 2025 (AFP): The death toll from an earthquake in eastern Afghanistan has shot up to more than 1,400, a government spokesman said Tuesday.The Taliban government spokesman Zabihullah Mujahid said 1,411 people were killed in Kunar province, the...

MoF urged to convert BPC's Tk 274.20b arrear debts into subsidy

REZAUL KARIM | 2025-09-03 00:00:00

Energy and Mineral Resources Division (EMRD) has urged the government to convert Bangladesh Petroleum Corporation's (BPC) Tk 274.20 billion worth of outstanding debt into subsidies.The state-run BPC owes such accumulated debt to the government on account of its losses because...

A year on, committees yet to submit reports

M AZIZUR RAHMAN | 2025-09-03 00:00:00

Nearly a year after they were formed, two committees -- set up to investigate irregularities in power-plant deals and renegotiate what critics describe as "exorbitant" tariff rates -- have still not submitted their reports to the government.Neither committee has provided...

Export earnings slip 2.93pc in August

FE REPORT | 2025-09-03 00:00:00

Bangladesh's merchandise exports fell 2.93 per cent year on year (YoY) to US$3.91 billion in August 2025, down from $4.03 billion in August last year, signalling early signs of strain, according to data released Tuesday by the Export Promotion Bureau...

Banks prefer to park excess liquidity in bonds as pvt credit demand lowers

FE REPORT | 2025-09-03 00:00:00

The yield on two-year Bangladesh Government Treasury Bonds (BGTBs) dropped further on Tuesday as banks expressed willingness to invest their excess liquidity in the risk-free securities. The cut off yield, generally known as interest rate, on the BGTBs came down...

Live piloting of ETC for Padma Bridge to begin September 15

JAHIDUL ISLAM | 2025-09-03 00:00:00

The much-anticipated live piloting of an electronic toll-collection (ETC) system for the Padma Bridge will begin on September 15, in a move towards technology-driven toll management in Bangladesh.Vehicle registration for availing the service opened on September 1. Mohammad Abdur Rouf,...

Separate ownership from management for long-term sustainability

FE REPORT | 2025-09-03 00:00:00

Experts have suggested separating ownership from management in family businesses to ensure long-term sustainability, saying that professional executives should run operations under ethical guidelines set by the owners.They have also emphasised that strong governance frameworks can guide executive decision-making and...

Prayer Timings (2025-09-03)

2025-09-03 00:00:00

Former IGP Mamun confesses, apologises

FE REPORT | 2025-09-03 00:00:00

Former inspector general of police (IGP) Chowdhury Abdullah Al Mamun has confessed to his role in the crimes committed during the July-August 2024 mass uprising at the International Crimes Tribunal-1 (ICT-1) in the capital. He made the confession at the...

BB's new master circular to simplify loan, overdraft regulations

FE REPORT | 2025-09-03 00:00:00

Bangladesh Bank on Tuesday issued a new master circular bringing all rules related to loans, overdrafts and guarantees into one framework.The circular has simplified and consolidated the foreign exchange transaction policy.The central bank said that the instructions remained scattered across...

BB's dollar buys from banks hit nearly $1.0b in less than two months

JUBAIR HASAN | 2025-09-03 00:00:00

As part of the move to stabilise the country's foreign-exchange market, the Bangladesh Bank's (BB) dollar purchase from commercial banks has reached almost $1-billion mark in less than two months. With the latest interventions of buying $47.50 million more through...

Govt seeks Interpol red alert against three fugitive RMG owners

FE REPORT | 2025-09-03 00:00:00

A government move begins to request Interpol to issue Red Notices against the fugitive owners of three garment factories for "negligence in ensuring workers' rightful dues" and staying abroad for long.Officials concerned have said the wanted persons are Shahadat Hossain...

FSIB first to accept M&A bailout

FE REPORT | 2025-09-03 00:00:00

A banking-sector overhaul recipe designed as mergers and acquisitions gets into gear with the crisis-stricken First Security Islami Bank (FSIB) first agreeing to accept the bailout.Officials said the struggling unconventional bank's high-ups led by its Chairman Mohammad Abdul Mannan shared...

Control of lower judiciary transferred to SC from President

FE REPORT | 2025-09-03 00:00:00

Full control of the lower judiciary switches over to Bangladesh Supreme Court from the President in a major constitutional change by court verdict, in tune with post-uprising reform recipe. The High Court Wednesday handed down the judgment vesting in the...

Exporters getting competitive with tax waivers, import-duty cuts

YASIR WARDAD | 2025-09-03 00:00:00

Bangladesh moves forward with new policy measures as guardrails around its export sector as the country is destined to graduate from the least-developed country (LDC) category and thus forfeit marketing privileges.The swap comes amid a looming phase-out of cash subsidies...

SBAC Bank organises training workshop

2025-09-03 00:00:00

SBAC Bank PLC organised a daylong training workshop on 'Reporting on Online Import Monitoring System (OIMS) & Online Export Monitoring System (OEMS)' at its Training Institute of Head Office recently. Md. Hanif Miah, Executive Director of Bangladesh Bank Training Academy,...

EBL signs customer benefit agreement with Sheba.XYZ

2025-09-03 00:00:00

Women Banking customers of Eastern Bank (EBL) will enjoy special discount on Beauty and Wellness services through Sheba.XYZ online platform. M. Khorshed Anowar, Deputy Managing Director and Head of Retail and SME Banking of EBL, and Adnan Imtiaz Halim, Founder...

Shahjalal Islami Bank hosts financial literacy programme in Ctg

2025-09-03 00:00:00

Shahjalal Islami Bank PLC organised a financial literacy programme at a hotel in Chattogram city on Sunday to raise social awareness about sending remittances through legal channels. Managing Director of the bank Mosleh Uddin Ahmed was present as the chief...

Shimanto Bank celebrates 9th anniversary

2025-09-03 00:00:00

Shimanto Bank celebrated the 9th anniversary at its Head Office on Monday. Over the past nine years, Shimanto Bank has been serving its customers by establishing 27 branches, 8 sub-branches, 3 service centres and 36 ATM Booths across the country....

EPZ workers' clash with joint forces leaves one dead

2025-09-03 00:00:00

A worker was killed in a clash between workers of Uttara Export Processing Zone (EPZ) and joint forces in Nilphamari sadar upazila on Tuesday, reports UNB.Police said workers of Evergreen factory, a wig-making factory, had been demonstrating for the last...

MetLife hosts money laundering prevention workshop

2025-09-03 00:00:00

MetLife Bangladesh has recently organised a daylong training workshop on 'Prevention of Money Laundering and Terrorist Financing' for the Branch Anti-Money Laundering Compliance Officers (BAMLCOs) of MetLife's Dhaka, Cumilla, Mymensingh, Noakhali, Rangpur, Sylhet region. The workshop was held at MetLife...

Procurement of LNG, fertiliser approved

FE REPORT | 2025-09-03 00:00:00

The government on Tuesday approved a number of proposals for the procurement of fertiliser, liquefied natural gas (LNG), and phosphoric acid to meet the local demand.The Advisers' Council Committee on Government Purchase at a meeting gave the approvals to this...

Govt's non-tax revenue up 43pc in 11 months of fiscal year 2024-25

FHM HUMAYAN KABIR | 2025-09-03 00:00:00

Unlike the tax-revenue incomes, the government's non-tax revenue saw a steep rise until May of the last fiscal year (FY) 2024-25, according to official data.The volume of non-tax revenue, collected during the July-May period of the last fiscal year, was...

Delays in trade dispute resolution threaten investment climate

FE REPORT | 2025-09-03 00:00:00

Around 4.0 million business-related cases remain pending in Bangladesh's courts, and prolonged judicial processes are hindering both local and foreign investment, experts say at a seminar.The seminar, titled "Advancing Dispute Settlement and Contract Enforcement for Businesses," was organised by the...

United Finance Joins hands with Bangladesh Bank to Empower Startups

2025-09-03 00:00:00

United Finance PLC has signed a participation agreement with Bangladesh Bank for the refinancing from the Tk 5.0 billion Startup Fund, a visionary initiative to drive innovation and entrepreneurship across the nation. The agreement was signed by Muhammad Mustafizur Rahman,...

JANATA BANK HOLDS BUSINESS MANAGERS' CONFERENCE IN CHANDPUR

2025-09-03 00:00:00

The half-yearly Business Managers' Conference of Janata Bank PLC's Chandpur Area was held on Monday. Managing Director of the bank Md. Mazibur Rahman was present as the chief guest. Md Nazrul Islam, Deputy Managing Director of the bank, and Md....

Bangladesh Krishi Bank holds 'BAMLCO Conference 2025' in Khulna

2025-09-03 00:00:00

Bangladesh Krishi Bank organised 'AML-CFT Workshop and BAMLCO Conference 2025', at the Divisional Office in Khulna recently. Managing Director of the bank Sanchia Binte Ali attended the event as the chief guest. DMD Md. Abdur Rahim and Mohd. Khaleduzzaman and...

EXIM BANK HOLDS INVESTMENT RECOVERY WORKSHOP

2025-09-03 00:00:00

Exim Bank arranged a workshop on "Legal & Non-legal Measures for Recovery of Sticky, Stuck up & Suit Filed Investment" at the training and research academy of the bank recently. Managing Director (Current Charge) Abdul Aziz Zumma inaugurated the workshop...

Southeast Bank Training Institute organised workshop on combating frauds

2025-09-03 00:00:00

Southeast Bank Training Institute has recently organised a half-day workshop on how to tackle financial frauds internally and ensure compliance with related matters. The programme was graced by barrister M. Moyeen Alam Firozee, independent director and chairman of the audit...