Trade-off between macro-economic stability and growth

Is there a paradox between growth and macro-economic stability? In normal circumstances they are considered complementary-one reinforcing the other; but asking which comes as the foremost priority may lead to answers that would tend to vary from place to place...

Red Sea crisis and spot rate hike

Transportation of merchandise by sea has become costlier as spot rates (of freight) for containershipping have seen unprecedented hike within the span of a month. Such rise in ocean freight has struck fear among Bangladeshi shippers as the development reminds...

Quandary on public finance management

Commenting on the country’ public finance situation has become problematic due to the unavailability of timely data. As of May 2024, the Ministry of Finance (MoF) data is available only until January 2024. As is known, the MoF provides the...

Mbappe, Griezmann absent from initial France Olympic team list

PARIS, June 03 (AFP): Kylian Mbappe and Antoine Griezmann were on Monday left off the preliminary list of 25 players called up by hosts France for the Olympic Games football tournament.Both players had indicated their desire to participate in the...

Djokovic eyes 15th successive French Open quarter-final

PARIS, June 03 (AFP): Novak Djokovic will aim to reach his 15th successive French Open quarter-final on Monday after setting an unwanted Roland Garros record, while Aryna Sabalenka and Elena Rybakina eased through in the women's draw.Defending champion and 24-time...

Six matches of national women's handball decided in opener

Six matches of the Exim Bank 35th National Women's Handball competition were decided on the first Monday held at Shaheed Captain M Mansur Ali National Handball Stadium, reports BSS.On the day, Narail District Sports Association (DSA) beat Habiganj DSA by...

We had special plan for Ghanshyam, says coach Jalil

Bangladesh national Kabaddi team coach Abdul Jalil said they had plans for Nepal, especially for the Nepalese captain Ghanshyam Roka Magar, reports BSS.In Monday's grand final, Bangladesh defeated Nepal 45-31 to win the Bangabandhu Cup International Kabaddi Tournament for the...

Bangladesh clinch Bangabandhu Kabaddi title

Hosts Bangladesh smartly clinched the 12-nation Bangabandhu Cup International Kabaddi title for the fourth time in a row with an all-win record, beating the Himalayan nation Nepal by 45-31 points with two lonas in the final at the Shaheed Suhrawardy...

Holders England hope to set tone against Scotland today

BRIDGETOWN, June 03 (PTI): Deprived of ideal preparation by rain, defending champions England will hope to get their act right straightaway when they face Scotland in their T20 World Cup opener here on Tuesday.Phil Salt will look to continue his...

Empty stands during hosts West Indies match against PNG sparks outrage

After the USA's impressive win against Canada in the 2024 T20 World Cup opener at the Grand Prairie Stadium in Dallas on Saturday, co-hosts West Indies kicked off the Caribbean leg of the tournament on Sunday as they hosted Papua...

ICC announces record prize purse of $11.25m for T20 World Cup

NEW YORK, June 03 (PTI): The International Cricket Council (ICC) on Monday announced a record prize purse of $11.25 million for the 2024 T20 World Cup with the winners pocketing at least $2.45 million.The runners-up will receive at least $1.28...

Wiese powers Namibia's thrilling Super Over win

BRIDGETOWN, Barbados, June 03 (AFP): Namibia scored a nerve-shredding victory over Oman in their T20 World Cup Group B clash in Barbados on Sunday after a low-scoring thriller was decided by a super over.David Wiese was the hero for Namibia,...

Imran acquitted in state secrets case, but to stay in jail

A high court in Pakistan acquitted jailed former Prime Minister Imran Khan on Monday from a conviction on charges of leaking state secrets, his lawyer and his party said, but Khan will remain in prison for now due to a...

BB finds many banks not complying with security instructions

Bangladesh Bank has found many banks are not complying with the instructions to ensure the security of bank outlets and branches, reports UNB.As a result, gold from bank lockers is disappearing and bank money is being looted by robbery. In...

Indian election result today

The result of the mega seven-phase Lok Sabha elections in India will announce today, report agencies.The Election Commission of India will count hundreds of millions of votes in a few hours, announcing the results of the country's 18th Lok Sabha...

New office timing after Eid-ul Azha

The government on Monday rearranged the office-timing from 9am to 5pm for government, semi-government, autonomous and semi-autonomous institutions of the country, which will be effective after the upcoming Eid-ul Azha, reports UNB.The decision for the new office hours was taken...

National Tea Day today

All-out preparations have been taken to observe National Tea Day today (June 04) for the fourth time, with the slogan- 'Smart Bangladesher Sonkolpo, Raptanimukhi Cha Shilpo, (Plan of Smart Bangladesh, Export-oriented Tea Industry'.Marking the day, the government will honour eight...

Deadline extension for BD workers likely

The government is trying to get extended the deadline for 17,000 Bangladeshi workers with approved work visas, who missed the May 31 deadline to reach Malaysia.Foreign Minister Dr Hasan Mahmud made the statement at a briefing at the ministry on...

BEA broaches bigger budget, shows funding sources

Bangladesh Economic Association (BEA) proposes a Tk 12-trillion for the next fiscal, 1.57 times bigger budget than the current national one, and shows sources of funding.Recovering the siphoned-off money, black money and imposing different kinds of taxes are among the...

'Bangla Teslas' take over the road despite policy gridlock

Battery-run auto-rickshaws and e-bikes have transformed the traffic landscape from faraway rural districts to the capital city, Dhaka, over the past decade -- earning the nickname "Bangla Teslas". Despite their numbers surging every day, the authorities are slow to regulate...

Bimstec eyes reform in next summit: SG

A string of proposals to reform the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (Bimstec) will be placed in the upcoming Bangkok summit later this year.Secretary general Indra Mani Pandey of the economic bloc on Monday while...

Govt spending to cover SoEs' losses may double in FY'25

Government spending to cover net losses of state-owned enterprises (SoEs) is likely to double in the next fiscal year compared to the current budget, according to sources.The government forecasts that 49 SoEs may incur a total loss of Tk 280.47...

CNG refuelling stations face low pressure of gas and see vehicles forming long queues

With one liquefied natural gas (LNG) floating storage and regasification unit in the Bay of Bengal offline due to Cyclone Remal disruption and subsequent gas-supply fall by around 500 mmcfd, CNG refuelling stations face low pressure of gas and see...

Briefing 2024-06-04

Prayer Timings (2024-06-04)

Today's Matches (2024-06-04)

LPG price cut by 2.15pc for 12kg cylinder

The Bangladesh Energy Regulatory Commission (BERC) on Monday slashed further the liquefied petroleum gas (LPG) price by 2.15 per cent for a 12-kg cylinder for June, selling off the cooking fuel to clients of private operators.The country's private operators will...

Islamic banking market in BD stagnant: Fitch

Liquidity challenges are still affecting Islamic banks in Bangladesh, which are more vulnerable than conventional ones, according to the latest report of an American credit-rating agency.Fitch Ratings on Monday said the Islamic banking market share was sizeable but had been...

Rawhide prices fixed

The price of rawhide from cows has been fixed at Tk 1200 per piece in Dhaka and Tk 1000 per piece outside Dhaka for the first time in the country.Alternatively, the prices of salt-applied rawhide from sacrificial cows have been...

Inflation climbs higher, villagers bear brunt

Villagers get worst hit of price shocks as the overall high inflation in Bangladesh climbed higher and the rural rate hit a double-digit high in May, official data showed.The inflation rate soared to 10 per cent in the rural Bangladesh...