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April exports see negative growth with $3.91b

FE REPORT | 2024-05-03 00:00:00

Merchandise exports from Bangladesh so far this fiscal missed targets and April earning of US$3.91 billion recorded an annualised negative growth of 0.99 per cent.Export Promotion Bureau (EPB) data released Thursday revealed that last month's earning also fell short of...

Ex-BB governor slams forced bank mergers

FE REPORT | 2024-05-03 00:00:00

Former Bangladesh Bank governor Dr Mohammed Farashuddin Ahmed criticised the central bank's recent actions on bank mergers and acquisitions, as he said the central bank has seen a deterioration of standards in recent years. Bank mergers are not a new...

Tax rise plan for high earners faces backlash

DOULOT AKTER MALA | 2024-05-03 00:00:00

Salaried taxpayers have seen their tax liabilities increase over recent years, due mainly to a high rate of inflation that has outpaced wage growth.A proposal to raise the tax rate by 5.0 percentage points in the next financial year (FY...

PM against MPs’ family members in upazila polls

2024-05-03 00:00:00

Prime Minister Sheikh Hasina has again discouraged Awami League ministers and members of parliament from pushing their family members as candidates for the Upazila council elections, reports bdnews24.com."The families of many Awami League activists have been involved in politics for...

Price of rawhide

2024-05-03 00:00:00

EID-Ul-Adha is not far away. During this sacrificial Eid, a significant number of cattle will be sacrificed, as in previous years. According to Islamic law, the price of rawhide is meant to benefit the poor and needy. However, in recent...

Impact of trade tariffs on international business

2024-05-03 00:00:00

In this era of global connectedness and economic development propelled by companies crossing borders, the application of trade tariffs lags behind, disrupting the international business world. Now, more than ever, it is in need of justice. The impact of trade...

Combating heat stroke

2024-05-03 00:00:00

Heat stroke, a serious health risk, is becoming increasingly prevalent due to rising temperatures. It occurs when the body's temperature regulation system fails, leading to a dangerous uptick of body temperature. Prolonged exposure to extreme heat, combined with dehydration, can...

Where do allocated funds go?

Shiabur Rahman | 2024-05-03 00:00:00

It is a story narrated by a senior journalist, who was once a Chhatra League leader of the Rajshahi region and claimed to have been present when it took place. Bangabandhu Sheikh Mujibur Rahman, the then Prime Minister of the...

How to arrest unliveable Dhaka's decline

Nilratan Halder | 2024-05-03 00:00:00

Savar is not light years away from Dhaka, just a little over 30 kilometers separate the satellite town from the Bangladesh capital. But the former normally has temperature 3.0 degree Celsius lower than in the megacity. Still more significant is...

Gearing up NBR revenue

2024-05-03 00:00:00

Raising revenue collection by the National Board of Revenue (NBR) has remained in focus for long, with various suggestions coming from different quarters. Beyond the task of achieving a balanced tax-to-GDP ratio, there is a pressing need to elevate revenue...

When the young march, the world changes

Syed Badrul Ahsan | 2024-05-03 00:00:00

The old have throughout the course of history sent the young off to wars. The young have always resisted, have marched on the streets to let the old know of the dangers they are constantly putting the world to.As students...

News in Brief (2024-05-01)

2024-05-01 00:00:00

Houthi missile damages ship in Red SeaJERUSALEM, Apr 30: A missile attack by Yemen's Houthi rebels damaged a ship in the Red Sea on Monday, authorities said, the latest assault in their campaign against shipping in the crucial maritime route....

UK to deport about 6,000 migrants to Rwanda this year

2024-05-01 00:00:00

LONDON, Apr 30 (AFP): The UK expects to deport nearly 6,000 migrants to Rwanda this year, a senior minister said Tuesday, after the government published new details on the controversial scheme.The figures come days after the plan aimed at deterring...

Rafah attack will happen regardless of Gaza truce, says Netanyahu

2024-05-01 00:00:00

JERUSALEM, Apr 30 (BBC/AFP): Prime Minister Benjamin Netanyahu has said Israel will launch an invasion of the southern Gaza city of Rafah regardless of truce talks with Hamas.It comes amid ongoing attempts to try to reach an agreement for a...

Four law officers serving warrant killed, 4 hurt in US shootout

2024-05-01 00:00:00

CHARLOTTE, Apr 30 (AP): Four law officers serving a warrant for a felon wanted for possessing a firearm were killed and four other officers were wounded in a shootout Monday at a North Carolina home, police said.Some of the officers...

New Zealand to go ahead with Afghanistan Test

2024-05-01 00:00:00

WELLINGTON, Apr 30 (AFP): New Zealand Cricket said Tuesday it will go ahead with a Test match against Afghanistan in September, a month after Australia scrapped a Twenty20 series against the same opponents.Cricket Australia postponed a three-match series due to...

Nadal keeps his clay dream alive as he battles past Cachin

2024-05-01 00:00:00

MADRID, Apr 30 (AFP): Rafael Nadal said he is doing his best to "keep dreaming" after he extended his stay at the Madrid Open by winning a three-hour tussle with Argentina's Pedro Cachin 6-1, 6-7 (5/7), 6-3 on Monday.Contesting his...

Lewandowski treble fires Barca to Valencia win

2024-05-01 00:00:00

BARCELONA, Apr 30 (AFP): Robert Lewandowski hit a second-half hat-trick to power Barcelona to an entertaining 4-2 win over 10-man Valencia on Monday in La Liga.The champions' victory denies leaders Real Madrid the chance to take the crown by simply...

South Africa, India, England name squads for T20 WC

2024-05-01 00:00:00

SA pick Nortje JOHANNESBURG, Apr 30 (AFP): Anrich Nortje's raw pace and proven quality earned him a place in South Africa's squad for the T20 World Cup, head coach Rob Walter said when he announced a 15-man squad on Tuesday.The...

Dhaka Abahani in semis of Federation Cup

2024-05-01 00:00:00

Dhaka Abahani Ltd reached the semifinal of the Bashundhara Federation Cup Football Tournament' 2023-24 eliminating Fortis Football Club Ltd by 3-1 goal in the 4th and last quarterfinal at the Bashundhara Kings Arena in the city on Tuesday, reports UNB....

Abahani secure DPDCL title with two matches remaining

2024-05-01 00:00:00

Abahani Limited have claimed the title of the prestigious Dhaka Premier Division Cricket League (DPDCL) with two matches still to play. Their 14 consecutive wins in the league further solidified their record-breaking number of titles, reports UNB.In the latest Super...

Vegetable farming vulnerable to sultry heat

OUR CORRESPONDENT | 2024-05-01 00:00:00

CHANDPUR, Apr 30: Vegetable fields are being turned dry and grey for lack of rainwater in Chandpur amid the scorching heat, leaving farmers in trouble.Farmers fear that they may suffer a huge loss from their vegetable cultivation for the ongoing...

Sylhet farmers upset over low Boro prices

OUR CORRESPONDENT | 2024-05-01 00:00:00

SYLHET, Apr 30: Boro farmers in Sylhet region are not getting the fair prices of their produce thanks to market manipulation by the middlemen and wholesalers.The growers are frustrated as the middlemen and wholesalers are buying newly-harvested paddy from the...

Auto, financials lead gains in Indian shares

2024-05-01 00:00:00

BENGALURU, April 30 (Reuters): Indian shares edged up on Tuesday, helped by gains in auto and heavyweight financial stocks, while strong corporate earnings also aided sentiment.The NSE Nifty 50 and the S&P BSE Sensex were up about 0.4 per cent...

Amazon.com may be feeling pressure to join the dividend club

2024-05-01 00:00:00

NEW YORK, April 30 (Reuters): E-commerce titan Amazon.com may be under increasing pressure to offer investors a dividend, as it now finds itself one of the few massive US technology and growth companies not making regular payouts to shareholders.Google parent...

Southeast Bank organises day-long training programme

2024-05-01 00:00:00

Southeast Bank organised a comprehensive in-house training programme named "Regulatory guidelines for international trade facilitation and international bank guarantees in Bangladesh". Nuruddin Md. Sadeque Hossain, managing director of Southeast Bank, concluded the programme with his closing remarks. Naima Nazneen, additional...

Eastern Bank declares 25pc dividend

2024-05-01 00:00:00

Eastern Bank has declared a 25 per cent dividend (12.50 per cent cash and 12.50 per cent stock) for the year ended December 2023, following approval by shareholders at the 32nd annual general meeting (AGM) held on Monday. The AGM...

ICB holds programme on innovative Ideas

2024-05-01 00:00:00

Investment Corporation of Bangladesh (ICB) held a programme on "Innovation demonstration (showcasing) and selecting best innovative idea" with the participation of ICB and its three subsidiaries at its head office on Tuesday. In the programme among the four innovative ideas...

Titas Gas losses heighten in Q3

FE REPORT | 2024-05-01 00:00:00

State-owned Titas Gas Transmission and Distribution Company reported a 125 per cent year-on-year increase in losses in the third quarter through March of FY24.It failed to return to profit even after the Bangladesh Energy Regulatory Commission (BERC) had hiked commission...

Eastland Insurance approves 10pc cash dividends

2024-05-01 00:00:00

The 37th annual general meeting (AGM) of Eastland Insurance Co. Ltd was held on Tuesday virtually. The meeting was presided over by Mahbubur Rahman, chairman of the company, while Chief Executive Officer (CC) Shahid-E-Monjoor Morshaed was present. Shareholders approved 10...