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BB issues guideline on interest waiver

FE REPORT | 2022-04-22 00:00:00

Bangladesh Bank (BB) issued a circular on interest waiver on Thursday, tightening the existing policy to bring disciplines in the banking sector. The central bank has observed that many banks are involved in giving interest exemption to their clients bypassing...

Kamal hails microcredit role in cutting poverty

FE REPORT | 2022-04-22 00:00:00

Microcredit programmes have played a significant role in reducing poverty in the country through financial inclusion and social development, said Finance Minister A H M Mustafa Kamal on Thursday.These poor people-centric programmes have also branded Bangladesh positively to the world...

Stuck in a never-ending traffic jam

2022-04-22 00:00:00

Their faces say it all. Stuck in a never-ending traffic jam in the Maniknagar area of Dhaka city on Thursday, these two bus passengers don't know when they will be able to reach their destinations. The city dwellers have been...

Rain, flooding damage 1.0pc Boro paddy

FE REPORT | 2022-04-22 00:00:00

Recent flash flood and heavy rain have caused damage to around 1.0 per cent of boro paddy in total cultivation both in the country's haor and non-haor areas, according to data prepared by the Department of Agricultural Extension (DAE). However,...

Revenue concern forces NBR to lift exemptions

Doulot Akter Mala | 2022-04-22 00:00:00

The National Board of Revenue (NBR) has asked the government agencies to add duty and taxes to the cost of their development projects that have been enjoying exemptions so far. "All government ministries, departments and wings are requested to obtain...

Weather (2022-04-22)

2022-04-22 00:00:00

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

Climate geoengineering may put one billion at risk of malaria: Study

FE REPORT | 2022-04-22 00:00:00

Geoengineering the climate would have massive repercussions for the health of billions living in tropical countries with malaria, said a new study published on Thursday.Scientists from icddr,b and other international research institutions conducted the pioneering research to understand how solar...

Govt disburses Tk 1.27b in financial aid among poor, ultra poor

FE REPORT | 2022-04-22 00:00:00

Finance Minister AHM Mustafa Kamal on Thursday inaugurated a disbursement of Tk 1.27 billion in financial assistance on behalf of Prime Minister Sheikh Hasina among 255,000 poor and extremely poor people affected by the Covid-19 pandemic. "Tk 5,000 has been...

Bangabandhu Corner opens at EWU library

2022-04-22 00:00:00

To commemorate the life and work of Father of the Nation Bangabandhu Sheikh Mujibur Rahman, architect of the country's independence, 'Hridoye Bangabandhu Corner' has been opened in the library of East West University (EWU), says a statement.The corner was inaugurated...

Prime Minister Sheikh Hasina speaking at the foundation stone laying ceremony

2022-04-22 00:00:00

Prime Minister Sheikh Hasina speaking at the foundation stone laying ceremony of Ghorashal Palash Urea Fertiliser Factory in Narsingdi joining it from her official residence Ganobhaban virtually on Thursday — PID photo

Dhaka city braces for Aedes mosquito menace after rains

2022-04-22 00:00:00

The density of Aedes mosquitoes in the capital Dhaka is more than the previous year which may increase further during the upcoming monsoon leading to a spread of dengue, reports UNB.Researchers at the Directorate General of Health Services (DGHS) feared...

BNP doesn't want BD’s development, says Parash

2022-04-22 00:00:00

Awami Jubo League Chairman Sheikh Fazle Shams Parash on Thursday said the BNP doesn't want that Bangladesh would become a developed and prosperous country, reports BSS.He said this while speaking as the chief guest at a food distribution programme at...

‘Robber’ dies in Manikganj 'gunfight'

2022-04-22 00:00:00

MANIKGANJ, Apr 21 (UNB): Rapid Action Battalion (RAB) claimed to have gunned down a suspected robber during a gunfight in Singair upazila of Manikganj district in the early hours of Thursday.The dead is Kaisar Ahmed, son of Lokman Hossain of...

Selection body formed for 'Chief Justice Medal'

FE REPORT | 2022-04-22 00:00:00

A six-member judges' committee comprising judges from both the divisions of the Supreme Court has been formed to conduct the selection process including policy formulation for 'Chief Justice Medal'. With Justice Borhanuddin, a judge of the Appellate Division of the...

Hasan thanks US for continuous assistance

2022-04-22 00:00:00

Extending thanks to the US for their continuous assistance to Bangladesh, Information and Broadcasting Minister Dr Hasan Mahmud said on Thursday the ongoing discussions at different levels with the United States have played a role in deepening the relations of...

New Market clashes expose govt’s complete failure: Fakhrul

2022-04-22 00:00:00

BNP Secretary General Mirza Fakhrul Islam Alamgir said on Thursday police inaction to prevent the clashes between shopkeepers and Dhaka College students in the city's New Market area has proved there is no government in the country, reports UNB."This government...

Plot afoot to tarnish country’s image, says Quader

2022-04-22 00:00:00

Awami League (AL) general secretary Obaidul Quader said on Thursday a vested quarter is hatching conspiracy against the country and its people at a time when Bangladesh is advancing under the leadership of Prime Minister Sheikh Hasina, reports BSS.The AL...

UK watchdog sets target of 40% women on company boards

2022-04-22 00:00:00

Britain's financial watchdog on Wednesday set diversity targets for listed companies, including that 40% of boards should be women, reports The New York TimesThe Financial Conduct Authority said companies will have to make annual statements showing how they are complying...

Global tourism to recover by 2023

2022-04-22 00:00:00

MANILA, April 21 (Reuters): The global travel and tourism sectors are projected to return to pre-pandemic levels in 2023 and grow at a rate that will outpace global gross domestic product (GDP) growth, the World Travel and Tourism Council (WTTC)...

Big cos manage to pass on soaring costs to consumers

2022-04-22 00:00:00

ZURICH, Apr 21 (Reuters): Makers of chocolate bars and coffee to lawn mowers and industrial robots succeeded in passing on soaring costs to consumers, first-quarter earnings showed on Thursday, allaying fears higher prices could dent demand for their products.Some of...

US stocks rise --

2022-04-22 00:00:00

NEW YORK, Apr 21 (AFP): Wall Street stocks rose early Thursday as blowout earnings from Tesla and optimistic forecasts from airlines lifted sentiment after disappointing company reports earlier in the week.Tesla surged more than 10 percent as it reported a...

Elon Musk's Tesla races ahead of rising costs with price hikes

2022-04-22 00:00:00

SAN FRANCISCO, Apr 21 (Reuters): Tesla (NASDAQ:TSLA) Inc results surged past Wall Street expectations on Wednesday, as higher prices helped insulate the electric vehicle maker from supply chain chaos and rising costs.The results also should trigger $23 billion in new...

Bond markets suffer another sharp sell-off

2022-04-22 00:00:00

LONDON, Apr 21 (Reuters): Bond markets suffered another sharp sell-off on Thursday as investor bet on aggressive global interest rate hikes, while the euro climbed after French President Emmanuel Macron bolstered his weekend re-election hopes in a heated TV debate.MSCI's...

Indian govt to take call on LIC IPO timing this week

2022-04-22 00:00:00

NEW DELHI, Apr 21 (The Economic Times): Indian government is likely to take a call on the timing of LIC initial public offering within this week, a senior official said. The sale of 5 per cent stake or 31.6 crore...

Asia shares fall on China slowdown fears

2022-04-22 00:00:00

HONG KONG, April 21 (Reuters): Fears of a sharp economic slowdown in China and higher oil prices weighed on most Asian stocks on Thursday, but a dip in US treasury yields offered some relief for broader markets worried by the...

Chowdhury Golam Faruque,

2022-04-22 00:00:00

Chowdhury Golam Faruque, Managing Director & CEO of Northern Islami Insurance Ltd, handing over a fire insurance claim cheque to Mostafizur Rahman, Chairman of Smart Group of Industries, for Chittagong Denim Mills Ltd, a sister concern of Smart Group.

13th meeting of SMT of Sonali Bank held

2022-04-22 00:00:00

13th meeting of Senior Management Team (SMT) of Sonali Bank Limited was held at the bank's Head Office on Wednesday. SMT Chairman and Sonali Bank Limited CEO and Managing Director Md Ataur Rahman Prodhan presided over the meeting

News Briefs (2022-04-22)

2022-04-22 00:00:00

Disbursement of dividend Jamuna Oil Company Ltd: The company has disbursed the cash dividend for the year ended June 30, 2021 to the respective shareholders.IDLC Finance Ltd: The bonus shares of the company or the year ended on December 31,...

CAPM declares Unit Fund NAV ---

2022-04-22 00:00:00

CAPM Company Limi-ted has declared the Net Asset Value (NAV) of CAPM Unit Fund. The total NAV of CAPM Unit Fund stood at Tk 134,705,815.69 on the basis of cost price and Tk 151,770,969.11 on the basis of market price...

Chattogram North Zone,

2022-04-22 00:00:00

Chattogram North Zone, South Zone, Agrabad and Khatunganj corporate branches of Islami Bank Bangladesh Limited organised an iftar mahfil at a hotel in Chattogram on Wednesday, with Prof Md Nazmul Hassan, Chairman of the bank, as the chief guest. Mohammed...