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KSA assures BD of steady oil supply

FE REPORT | 2022-03-17 00:00:00

Saudi foreign minister Prince Faisal Bin Farhan Al Saud says his country will take initiatives to steady the global oil market and smooth oil supply to Bangladesh.He also recognises the need for expanding areas of bilateral cooperation between Saudi Arabia...

Edible oil import VAT cut to 5.0pc

FE REPORT | 2022-03-17 00:00:00

The National Board of Revenue (NBR) has slashed valued-added tax (VAT) on import of cooking oil to 5.0 per cent from 15 per cent. The downward revision of VAT came into effect from Wednesday.The VAT policy wing has issued a...

Nation celebrates Bangabandhu's birthday today

2022-03-17 00:00:00

The country is set to celebrate the 102nd birth anniversary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman and the National Children's Day-2022 today in a befitting manner, reports BSS.On this day in 1920, Bangabandhu, the vivacious leader of...

Income may come under direct taxation

DOULOT AKTER MALA | 2022-03-17 00:00:00

The earnings of international technology companies having no permanent establishment (PE) in Bangladesh would come under the purview of direct tax in the next fiscal year, officials say.Also, the revenue board might define freewheeling 'e-commerce' in the income-tax law, specifically...

FE gets new editor

FE REPORT | 2022-03-17 00:00:00

Mr Shamsul Huq Zahid has been appointed editor of The Financial Express (FE) with effect from today (Thursday). The board of directors of the International Publications Limited (IPL), the owning company of the FE, at a recent meeting approved his...

Weather (2022-03-17)

2022-03-17 00:00:00

Weather may remain dry over the country until 6:00pm today (Thursday), according to Met office.Mild heat wave is sweeping over Khulna division and the districts of Dhaka, Faridpur,Rajshahi, Pabna, Barishal, Patuakhali, Rangamati, Chandpur and Sylhet and it may continue.Day and...

HC for evicting illegal structures from Chaktai, Rajakhali canals

2022-03-17 00:00:00

The High Court (HC) has directed the authorities concerned to evict all the establishments illegally set up on the Chaktai and Rajakhali canals in Chittagong, reports BSS.The HC bench of Justice Jubayer Rahman Chowdhury and Justice Mohammad Kamrul Hossain Mollah...

Be successful in life, stay close to parents

2022-03-17 00:00:00

East West University (EWU) gave 'Merit Scholarship Award 2022' to 471 students from Spring 2020 to Spring 2022 Semester for excellence in academic performance, says a press release. The scholarship was given at a programme on the university campus in...

Boost professional skills to achieve goals

2022-03-17 00:00:00

Prime Minister (PM) Sheikh Hasina asked on Wednesday the members of Bangladesh Air Force (BAF) to maintain professional skills, discipline and patriotism to accomplish the national goals, reports UNB."It is impossible to achieve the goals without hard work, discipline and...

AL programme on Bangabandhu's birthday

2022-03-17 00:00:00

Awami League (AL) has drawn up an elaborate programme marking the 102nd birth anniversary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman and National Children's Day today (Thursday), reports BSS.On the occasion, President Abdul Hamid and Prime Minister Sheikh...

‘Young generation should be taught about Bangabandhu’

2022-03-17 00:00:00

Law, Justice and Parliamentary Affairs Minister Anisul Huq on Wednesday said the young generation should be taught about Father of the Nation Bangabandhu Sheikh Mujibur Rahman, reports BSS."We've to come out of the unhealthy culture of attempt to get rid...

BNP, Khaleda will remember PM's generosity, hopes Hasan

2022-03-17 00:00:00

CHATTOGRAM, Mar 16 (BSS): Information and Broadcasting Minister Dr Hasan Mahmud today hoped that BNP chairperson Begum Khaleda Zia and her party would remember the generosity that Bangabandhu daughter and Prime Minister Sheikh Hasina has shown to her.Terming Sheikh Hasina...

BNP having harder time than 1/11 period, alleges Fakhrul

2022-03-17 00:00:00

MANIKGANJ, Mar 16 (UNB): BNP Secretary General Mirza Fakhrul Islam Alamgir on Wednesday said their party is passing through a tougher time than the 1/11 political changeover period as the government has been trying to eliminate the party."We're having a...

Safety app for women in Bangladesh

Shadique Mahbub Islam | 2022-03-17 00:00:00

Earlier this week, a young girl committed suicide after being violated. In her grim suicide note, she has named the culprit, and bade goodbye to her family by saying that they will not live with respect if she lives with...

Sufficient for higher studies?

Shadya Naher Sheyam | 2022-03-17 00:00:00

Remember the time at the tea stall when that annoying 'know-it-all' uncle kept going on about the quality of education of our country? We all have been there. The debate over the issue of education quality in Bangladesh pops up...

An entrepreneur on campus

Tofael Mahmud | 2022-03-17 00:00:00

It is always inspiring when someone starts their own initiatives to become self-dependent. But when a woman comes up with one despite all societal pressure, it's always worth celebrating.Proma Sarker, a second-year student at the Department of Economics, University of...

Gold steadies as focus turns to Fed decision

2022-03-17 00:00:00

LONDON, Mar 16 (Reuters): Gold steadied on Wednesday, with a weaker dollar offsetting pressure from higher US Treasury yields as investors await the first pandemic-era US Federal Reserve interest rate hike.Spot gold was steady at $1,916.71 per ounce at 1226...

Novoair to resume daily Kolkata flights Mar 27

2022-03-17 00:00:00

Novoair will resume its flights from Dhaka to Kolkata on Mar 27, it said in a press statement on Wednesday, reports bdnews24.com.Daily flights will depart Dhaka at 5:20 pm (local time) and Kolkata at 6:40 pm (local time).Novoair said it...

Oil prices rise above $100

2022-03-17 00:00:00

LONDON, Mar 16 (Reuters): Oil rose above $100 a barrel in a volatile session on Wednesday, finding support from supply concerns and easing worries about slowing Chinese demand, while signs of progress in Russia-Ukraine peace talks limited gains.Three million barrels...

Sheltech celebrated 34th anniversary

2022-03-17 00:00:00

Sheltech (Pvt.) Ltd. celebrated its 34th anniversary with a cake-cutting ceremony at Sheltech Lounge recently. Sheltech Group's Chairman Kutubuddin Ahmed, Vice Chairman Sk Bashir Ahmed and Managing Director Tanvir Ahmed were present at the event.

US-listed Chinese stocks jump

2022-03-17 00:00:00

US-listed shares of Chinese companies jumped in premarket trading on Wednesday after China's top policymaker said the country would roll out measures to boost the economy and keep its capital markets stable. Separately, China's securities regulator said it would continue...

World equities recover on Ukraine talks

2022-03-17 00:00:00

LONDON/SHANGHAI, March 16 (Reuters): World stocks recovered ground on Wednesday as markets watched for signs of light in the Ukraine conflict, while Treasury yields hit their highest since mid-2019 in anticipation of the first U.S. interest rate hike in three...

Indian shares close higher -

2022-03-17 00:00:00

BENGALURU, March 16 (Reuters): Gains in bank and auto stocks helped Indian shares close higher on Wednesday, with investors keeping a watch on Ukraine-Russia peace talks and the U.S. Federal Reserve's policy meeting.At the closing bell, the blue-chip NSE Nifty...

European stocks rise to near 2-week highs

2022-03-17 00:00:00

March 16 (Reuters): European stocks rose to near two-week highs on Wednesday after China promised to roll out more stimulus to boost its economy, while hopes of progress in Ukraine-Russia peace talks kept the mood buoyant.The pan-European STOXX 600 index...

Robi profit up 16.1pc in 2021

2022-03-17 00:00:00

Robi's 4G leadership position further consolidated in 2021 with 44.4 per cent of its total subscribers being 4G users. Around 73.7 per cent of Robi's subscriber base were data subscribers in 2021, which was the highest in the industry.Robi disclosed...

A delegation of the IEB visited GPH Ispat

2022-03-17 00:00:00

A delegation of the Institute of Engineers, Bangladesh (IEB) visited the GPH Ispat Limited at Sitakunda on Tuesday. The delegation was led by the president of IEB Chattogram Engineer Probir Kumar Sen. AMD of GPH Almas Shimul welcomed the delegation...

US retail sales rise moderately in February

2022-03-17 00:00:00

WASHINGTON, Mar 16 (Reuters): US retail sales increased moderately in February as more expensive gasoline and food forced households to cut back spending on other goods like furniture, electronics and appliances, which could restrain economic growth this quarter.The report from...

Walmart plans to hire over 50,000 workers

2022-03-17 00:00:00

Walmart Inc said on Wednesday it plans to hire more than 50,000 workers in the United States in the first quarter, as the US retailer looks to bolster its fulfillment centers and stores, reports Reuters.Walmart said the new hires would...

Russia teeters on brink of historic default

2022-03-17 00:00:00

LONDON, Mar 16 (Reuters): The economic cost of Russia's assault on Ukraine was further exposed on Wednesday as the sanctions-hit country teetered on the brink of its first default on international debt since the Bolshevik revolution.Moscow is due to pay...

Nasrul Hamid inaugurating the newly refurbished 'Bidyut Bhaban'

2022-03-17 00:00:00

State Minister for Power, Energy and Mineral Resources Nasrul Hamid inaugurating the newly refurbished 'Bidyut Bhaban' in the city on Tuesday after completion of its modernisation and beautification work. Power Secretary Md Habibur Rahman was present as special guest at...