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Sri Lanka PM quits as violence kills 3

2022-05-10 00:00:00

COLOMBO, May 9 (Agencies): Sri Lankan Prime Minister Mahinda Rajapaksa quit on Monday after a day of violence saw three people including an MP killed and over 150 wounded as government supporters armed with sticks and clubs attacked protestors.Lawmaker Amarakeerthi...

NBR bags 62pc revenue target in July-March

Doulot Akter Mala | 2022-05-10 00:00:00

The revenue authority collected Tk 2.04 trillion or 62 per cent of the total tax revenue target for the entire fiscal year (FY) 2021-22 until March - leaving a large task for its last or fourth quarter (Q4) from April...

BDT falls more against US$

SIDDIQUE ISLAM | 2022-05-10 00:00:00

The exchange rate of Bangladesh taka (BDT) again dropped against the US dollar (US$)- mainly due to higher demand for the greenback for settling import-payment obligations.The local currency lost its value by 25 paisa in the inter-bank foreign exchange (forex)...

Debt discomfort may stare at BD too

FE REPORT | 2022-05-10 00:00:00

Bangladesh too may get into "discomfort" with its foreign debt after the fiscal year 2024-25 particularly following big borrowings for megaprojects having little immediate returns, says CPD's Dr Debapriya Bhattacharya.The distinguished fellow of the Centre for Policy Dialogue or CPD,...

Dealers, retailers to blame for edible oil price overrun

FE REPORT | 2022-05-10 00:00:00

A section of relevant traders is to blame for the edible-oil crisis in Bangladesh as indicated by Commerce Minister Tipu Munshi while lamenting his misplaced trust on the traders regarding the pricing. "I requested traders not to hike edible-oil price...

Weather (2022-05-10)

2022-05-10 00:00:00

Rain/thunder showers with intense lightning flashes and temporary gusty/squally wind is likely to occur at most places over Barishal and Chattogram divisions in the next 24-hour from 06:00 am today (Tuesday), according to the Met Office.It may also occur at...

A moment of 'Golden Jubilee Bangladesh Concert'

2022-05-10 00:00:00

A moment of 'Golden Jubilee Bangladesh Concert' held at the Madison Square Garden in New York, USA recently. The Bangladesh Hi-Tech Park Authority organised the concert in cooperation with eight leading companies, marking the Golden Jubilee of Bangladesh's Independence and...

Lyricist KG Mostafa dies

2022-05-10 00:00:00

KG Mostafa, the legendary lyricist of numerous evergreen songs from the golden era of Bengali cinema, passed away on Sunday night at the age of 84, reports UNB.A senior member of the National Press Club, Mostafa breathed his last at...

One killed in city road crash -

2022-05-10 00:00:00

One person was killed and another one got injured when a passenger bus hit a CNG-run auto-rickshaw in the city's Kalabagan area on Monday, reports UNB. The victim was identified as Ujir Ahmed, 55, a fast food trader. Son of...

HSC exams to be held with condensed syllabus

2022-05-10 00:00:00

This year's Higher Secondary Certificate (HSC) exams are likely to start on August 22 with curtailed syllabus and fewer marks than usual, reports UNB.Students will have two hours to write the exams - 20 minutes for multiple-choice questions (MCQs) and...

Heavy rain hinders Boro harvest in coastal areas

FE Report | 2022-05-10 00:00:00

The cyclonic storm 'Asani' formed in the Bay of Bengal started impacting parts of the coastal region from Monday noon with heavy rain and wind, posing threat to standing Boro crops. Dearth of agricultural labourers is also mounting woes of...

ACC approves case against Arman

2022-05-10 00:00:00

Anti-Corruption Commission ( ACC) on Monday approved the case against the suspended vice-president of Dhaka Mohanagar Jubo League Enamul Haque Arman in connection with the casino scandal, reports UNB.The case was filed with Dhaka Coordinated Office, ACC-1 after the investigation...

RAB detains BCL leader in Rajshahi

2022-05-10 00:00:00

RAJSHAHI, May 09 (UNB): A local leader of Bangladesh Chhatra League, who's pictures holding firearms went viral on social networking site Facebook, was held from Rajshahi on Monday, said RAB.The arrestee is Abu Bakar Siddique alias Ratul, son of Mostafa...

Two shot in Cumilla BCL-LDP clash

2022-05-10 00:00:00

CUMILLA, May 09 (UNB): Two people were shot during a clash between activists of ruling party student front Bangladesh Chhatra League and the Liberal Democratic Party (LDP) on Monday on Redwan Ahmed College premises in Chandina upazila of Cumilla.After the...

Wazed Miah was humble, inimitable personality: Hasan

2022-05-10 00:00:00

Information and Broadcasting Minister Dr Hasan Mahmud on Monday termed noted nuclear scientist Dr MA Wazed Miah as an example of humble, introvert and inimitable personality, reports BSS."I have some memories with him (Dr Wazed) as I had worked as...

BNP will certainly take part in next polls, hopes Shahriar

2022-05-10 00:00:00

RAJSHAHI, May 09 (BSS): State Minister for Foreign Affairs Md Shahriar Alam has hoped that BNP will surely take part in the next general elections for its survival as its boycotting decision in the 2014 polls was totally wrong."Not taking...

AL's assurance of fair polls only a trap for BNP: Rizvi

2022-05-10 00:00:00

BNP Senior Joint Secretary General Ruhul Kabir Rizvi on Monday said Awami League's assurance of a fair election is only a trap to deceive their party, reports UNB."Awami League General Secretary Obaidul Quader assured that the next election would be...

London stocks end lower

2022-05-10 00:00:00

May 9: UK shares tracked Asian and European markets lower on Monday, as tightening lockdowns in China added to investors' concerns about a recession amid the Bank of England's dour economic outlook last week. The commodity-heavy FTSE 100 index (.FTSE)...

LIC IPO oversubscribed by nearly 3 times

2022-05-10 00:00:00

New Delhi: The initial public offering (IPO) by Life Insurance Corporation of India (LIC) was oversubscribed by nearly 3 times, with the allotment announcement likely on May 12, reports NDTV.All categories of the public offer were oversubscribed. The portion set...

AmCham welcomes visiting US- BD Business Council delegation

2022-05-10 00:00:00

The American Chamber of Commerce in Bangladesh (AmCham) organised a welcome reception Monday in honor of visiting US-Bangladesh Business Council' Delegation at the Westin Hotel Dhaka. Mr. Syed Mohammad Kamal, The Vice President - AmCham & Country Manager, Mastercard -...

Veteran banker Shawkat Ali Chowdhury expires

2022-05-10 00:00:00

Veteran banker Shawkat Ali Chowdhury (75) passed away recently at his residence in Uttara (Inna Lillahi Wa Inna Ilaihi Rajiun). He became Managing Director of IFIC Bank in 1994. He joined as the founder Managing Director of Dutch-Bangla Bank Limited...

BD Paints' shares subscription through QIO begins May 22

FE REPORT | 2022-05-10 00:00:00

The subscription for shares of Bangladesh Paints Ltd through qualified investor offer (QIO) will begin May 22, aiming to raise Tk 120 million under the fixed price method.The paint manufacturer's share subscription through electronic subscription system (ESS) of the exchanges...

DSE turnover exceeds Tk 12b mark

FE REPORT | 2022-05-10 00:00:00

Daily trade turnover on Dhaka Stock Exchange (DSE) crossed Tk 12 billion mark on Monday, after nearly three months, as buoyant investors put fresh funds on stocks anticipating positive momentum ahead.Turnover stood at Tk 12.08 billion on the country's premier...

Australian Fashion Week kicks off in Sydney

2022-05-10 00:00:00

SYDNEY, May 9 (Xinhua): The Afterpay Australian Fashion Week (AAFW) kicked off on Monday with an array of local brands showcasing their resort collections in Sydney.The Fashion Week, a highly anticipated yearly event, runs on May 9-13, offering inside access...

Gold prices slip 1.0pc

2022-05-10 00:00:00

Gold prices retreated 1.0 per cent on Monday as a firmer dollar and elevated US Treasury yields weighed on the appeal of bullion, reports Reuters.Spot gold was down 1 per cent at $1,864.43 per ounce by 0936 GMT. US gold...

Oil prices fall, weighed down by strong dollar

2022-05-10 00:00:00

LONDON, May 9 (Reuters): Oil prices slipped on Monday alongside equities and weighed down by a strong dollar and demand concerns on the back of continued coronavirus lockdowns in China, the world top oil importer.Brent crude fell $2.27, or 2...

New norms for diversified jute goods exporters

FE REPORT | 2022-05-10 00:00:00

The government has decided to provide cash incentive on the export earnings from diversified jute products on the basis of certificates provided by the trade bodies concerned.So, no particular list of the products will be required to receive the incentive,...

US entrepreneurs look to invest in 'Smart Bangladesh': Salman

2022-05-10 00:00:00

The visiting delegation of the US Bangladesh Business Council has expressed their keenness to invest in 'Smart Bangladesh', said Prime Minister's Private Sector Industry and Investment Adviser Salman F Rahman on Monday, reports BSS."We have already implemented 'Digital Bangladesh'. We...

26 firms win National Productivity, Quality Excellence Award

FE REPORT | 2022-05-10 00:00:00

Some 26 companies have won the National Productivity and Quality Excellence Award-2020 for their contribution in the national economy by establishing industrial units and thus creating jobs. The Ministry of Industries has selected the enterprises under five categories - large,...

Alcaraz powers to Madrid Open title

2022-05-10 00:00:00

MADRID, May 09 (AP): When Carlos Alcaraz played in his first Madrid Open as an 18-year-old, his goal was to gain experience and learn from the top players.Spanish teen sensation Carlos Alcaraz rose three places to sixth in the men's...