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BR takes fresh move for study on infrastructure relocation

MUNIMA SULTANA | 2024-04-17 00:00:00

Bangladesh Railway (BR) has taken another move to conduct a study for identifying infrastructures needed to be relocated or shifted from the Kamalapur Rail Station premises for establishing the planned multimodal transport hub.Sources said the study in this connection has...

PM likely to visit Thailand this month

FE REPORT | 2024-04-17 00:00:00

Prime Minister Sheikh Hasina is likely to visit Thailand at the end of this month, sources in the Prime Minister's Office said.She is scheduled to leave the country for Thailand on April 24 to attend a programme of the UNESCAP...

Country bakes in April heat wave, rain brings some respite

2024-04-17 00:00:00

A brief shower and gusty winds brought some relief to Dhaka residents on Tuesday amid a heat wave that has stretched on for over a week, reports bdnews24.com.Bangladesh is experiencing mild to moderate heat waves across the country, including the...

Approval for another 0.125m tonnes of rice import

FE REPORT | 2024-04-17 00:00:00

Food ministry on Tuesday permitted 50 private companies to import an estimated 0.125-million tonnes of both parboiled and white rice, according to a circular issued by the ministry.Last month, the government permitted 30 importers to bring 83,000 tonnes of the...

Credit balance falls further in Feb'24 as investors' confidence weakens

JUBAIR HASAN | 2024-04-17 00:00:00

Corporate borrowing from foreign lenders slid further with the stock of short-term debt having dropped to $11.07 billion in February last as the demand for fresh investment weakened amid domestic and external macroeconomic uncertainties.Economists and private sector players think such...

Briefing 2024-04-17

2024-04-17 00:00:00

Prime Bank, Uttara Bank secure double-digit profit growth in 2023Prime Bank and Uttara Bank have posted a double-digit profit growth for 2023, riding on higher interest income along with significant earnings from the government securities. The exchange gain was not...

Prayer Timings (2024-04-17)

2024-04-17 00:00:00

Bangladesh 141st in 'mostly unfree' category

FE REPORT | 2024-04-17 00:00:00

Bangladesh has ranked 141st among 164 countries on the freedom index in a global report.The Atlantic Council, a US-based think tank, has prepared the 'Freedom and Prosperity Report'.The United States Agency for International Development (USAID) and the Asia Foundation shared...

Refiners, ministry at odds over price hike

FE REPORT | 2024-04-17 00:00:00

Refiners have announced a Tk 10 hike in soybean oil prices per litre, although global prices hit a one-year low as reported by international commodity portals.The refiners have justified the hike citing the expiration of the government's 5.0-per cent VAT...

EXIM-Padma merger process gets going with hiring of auditor

FE REPORT | 2024-04-17 00:00:00

To facilitate the proposed merger between EXIM Bank and Padma Bank, Bangladesh Bank (BB) has appointed an audit firm to assess assets of both the banks, sources at the BB said.With appointment of the certified auditor, the amalgamation process of...

Five of a family among 13 dead in Faridpur accident

2024-04-17 00:00:00

FARIDPUR, Apr 16 (UNB): At least 13 people were dead and 15 others were injured in a head-on collision between a bus and a pickup van on the Dhaka-Khulna highway at Sadar upazila in Faridpur district this morning.All the victims...

IMF cuts Bangladesh growth projection further to 5.7pc

SYFUL ISLAM from Washington D.C. | 2024-04-17 00:00:00

The International Monetary Fund (IMF) on Tuesday once again revised down the growth forecast for Bangladesh's economy to 5.7 per cent for the current fiscal year of 2023-24.This is the second time the IMF lowered the economic growth forecast for...

Nearly US$3.15b drains from BD annually

FHM HUMAYAN KABIR | 2024-04-17 00:00:00

Nearly US$3.15 billion flows out illicitly from Bangladesh annually through offshore accounts while the country smarts from dearth of foreign-exchange reserves for over a year now, the World Bank reveals.The offshore financial wealth of Bangladeshis is estimated at 0.7 per...

Death anniv of Shabnam Huq

2024-04-17 00:00:00

The 24th death anniversary of Shabnam Huq, wife of Arham Masudul Huq, Chief Executive Officer of Dhaka Bank Foundation, will be observed today (Wednesday), says a press release.Relatives, friends and well-wishers are requested to pray for the salvation of the...

1st death anniv of journo Mashuqul Huq today

2024-04-17 00:00:00

The first death anniversary of senior journalist Mashuqul Huq will be observed today (Wednesday), says a press release.Mr. Huq began his journalism career with The Bangladesh Observer and became its feature editor. Later he worked with The Daily Star and...

Weather (2024-04-17)

2024-04-17 00:00:00

Rain/thunder showers is likely to occur at one or two places until 06:00 pm today (Wednesday). The highest temperature in the country on Tuesday was recorded at 40.6 degrees Celsius in Chuadanga while the lowest temperature 21.5 degrees Celsius in...

Bail to Prof Yunus, three others extended until May 23

FE REPORT | 2024-04-17 00:00:00

The Labour Appellate Tribunal in Dhaka has extended the bail term granted to four top officials of Grameen Telecom including its Chairman Nobel Laureate Prof Dr Muhammad Yunus until May 23 this year. They are facing charges of violating labour...

‘Prosperity and Good Governance in Bangladesh,'

2024-04-17 00:00:00

Peter D. Haas, US Ambassador to Bangladesh, is speaking at the Conference on ‘Prosperity and Good Governance in Bangladesh,' held in Dhaka on Tuesday

DAE plans to bring 3.0m farmers under info net

MIR MOSTAFIZUR RAHAMAN | 2024-04-17 00:00:00

The Department of the Agricultural Extension (DAE) contemplates bringing 3.0-million farmers under its network with an eye to supplying them with agro-related weather forecast directly.Practical Action, a British development agency, is joining hands with this World Bank-funded project styled 'Bangladesh...

13 more Myanmar Army, BGP personnel take refuge in BD

2024-04-17 00:00:00

Another 13 personnel of Myanmar's army and Border Guard Police have taken shelter in Bangladesh amid fighting with rebels, reports bdnews24.com.They crossed the border through three points in Banarban's Naikhongchhari Upazila on Tuesday, taking the number of such members of...

Nine more KNF operatives arrested with arms in Bandarban: ISPR

2024-04-17 00:00:00

In response to the recent bank robbery, abduction and criminal activities in Bandarban district, the ongoing joint operation led by Bangladesh Army arrested nine more operatives of militant group Kuki-Chin National Front (KNF) with nine arms in a hilly remote...

BNP won't participate in upazila elections

2024-04-17 00:00:00

The BNP has decided not to participate in upcoming upazila elections saying that Sheikh Hasina government and her subservient Election Commission, civil and police administration cannot organise a free, fair, participatory and acceptable election, reports UNB.The environment for holding free,...

Historic Mujibnagar Day to be observed today

2024-04-17 00:00:00

The historic Mujibnagar Day will be observed today (Wednesday) marking the oath-taking ceremony of Bangladesh's first government on April 17, 1971, reports BSS.Following the Pakistan army's genocide on unarmed Bangalees on the black night of March 25 in 1971, senior...

Copper pulls back on frail China factory data

2024-04-17 00:00:00

Copper prices retreated on Tuesday after factory data weakened in top metals consumer China and the dollar strengthened on the back of reduced expectations of US interest rate cuts, reports Reuters.Three-month copper on the London Metal Exchange (LME) fell 0.9...

Gold eases as rate cut concerns counter geopolitical risks

2024-04-17 00:00:00

Gold prices eased on Tuesday, as rising expectations of fewer US rate cuts this year overshadowed safe-haven demand amid ongoing tensions in the Middle East, reports Reuters.Spot gold fell 0.2 per cent to $2,376.90 per ounce by 09:26 ET (1326...

India's sugar production declines

2024-04-17 00:00:00

MUMBAI, Apr 16 (Reuters): Indian mills produced 31.09 million tonnes of sugar between Oct. 1 and April 15, down 0.5 per cent from the previous year due to lower output in the key producing southern state of Karnataka, a leading...

Oil slips on easing Middle East supply concerns

2024-04-17 00:00:00

LONDON, Apr 16 (Reuters): Oil dipped for a second day on Tuesday as concerns about Middle East supply eased after Iran's weekend attack on Israel while stronger than expected US retail sales dampened investor hopes for demand-spurring cuts to interest...

Huge debt costs mean climate spending ‘could make emerging nations insolvent’

2024-04-17 00:00:00

LONDON, Apr 14 (Reuters): Emerging countries will pay a record $400 billion to service external debt this year, and 47 of them cannot spend the money they need for climate adaptation and sustainable development without risking default in the next...

China's economy grew faster than expected in March quarter

2024-04-17 00:00:00

BEIJING, Apr 16 (Reuters): China's economy grew faster than expected in the first quarter, data showed on Tuesday, offering some relief to officials as they try to shore up growth in the face of protracted weakness in the property sector...

Honda to launch next-gen EVs in China by 2027

2024-04-17 00:00:00

TOKYO, Apr 16 (Reuters): Japan's Honda Motor plans to launch six next-generation electric vehicle (EV) models branded Ye in China by 2027, the automaker said on Tuesday.It added that it also planned to roll out a total of 10 Honda-brand...