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Social business model 'not suitable' for commercial banking in Bangladesh

FE REPORT | 2025-07-09 00:00:00

Social business model is not suitable for commercial banking, rather it could be applicable for Corporate Social Responsibility (CSR) funds of the financial institutions.The observation came at a roundtable discussion titled "Role of Banks in Financing Social Business (SB) in...

HC releases full verdict on restoration of referendum provision

2025-07-09 00:00:00

The High Court (HC) has published its full verdict declaring parts of the Fifteenth Amendment to the Constitution illegal, including the abolition of the caretaker government system and the restoration of the referendum provision, reports bdnews24.com.The 139-page verdict, signed by...

Movement leaders declare daylong 'Bangla Blockade'

2025-07-09 00:00:00

The anti-discrimination student movement leaders on July 9 last year declared a daylong blockade programme scheduled for July 10 to press home their one-point demand of reforming the quota in government jobs bringing down it up to five percent for...

Parties betrayed people after July Uprising: Nahid

2025-07-09 00:00:00

PABNA, July 08 (UNB): Convenor of the National Citizens Party (NCP) Nahid Islam has accused political parties of betraying both the July Uprising and people after the movement.Addressing a roadside NCP rally in Pabna's Shaheed Chattar on Monday night, Nahid...

Even I don't know the election date yet: CEC

2025-07-09 00:00:00

Chief Election Commissioner (CEC) AMM Nasir Uddin on Tuesday said even he does not yet know the date of the upcoming general election, reports UNB."How many more times do I have to speak about the election date? I already spoke...

Chinese envoy meets Fakhrul-led BNP delegation

2025-07-09 00:00:00

Chinese Ambassador to Bangladesh Yao Wen paid a courtesy call on a BNP delegation, led by party Secretary General Mirza Fakhrul Islam Alamgir, on Tuesday, reports UNB.The meeting was held at around 11:00 am at the BNP Chairperson's Gulshan political...

BNP taking actions against wrongdoers using party name: Rizvi

FE REPORT | 2025-07-09 00:00:00

BNP Senior Joint Secretary General Ruhul Kabir Rizvi on Tuesday said the party is actively taking measures against wrongdoers who misuse its name for personal gain."BNP has repeatedly urged the authorities to take legal action against criminals and troublemakers, but...

Travel ban on Salman, his son, ex-IFIC Bank officials imposed

FE REPORT | 2025-07-09 00:00:00

A special court in Dhaka on Tuesday issued a travel ban on 13 individuals, mostly related to the IFIC Bank, including its former Chairman Salman Fazlur Rahman and Vice-Chairman Ahmed Shayan Fazlur Rahman in connection with a graft case filed...

Hilly regions in Ctg face landslide risk

NAZIMUDDIN SHYAMOL | 2025-07-09 00:00:00

CHATTOGRAM, July 08: Continuous monsoon rain from Saturday has left tens of thousands of people living in the hilly regions of Chattogram in high risks of landslides.Rainfall continued till the filing of this report on yesterday (Tuesday) evening from Saturday...

Forex reserves dip below $30b after ACU payment

FE REPORT | 2025-07-09 00:00:00

The country's gross foreign- exchange (forex) reserves have fallen below the $30-billion mark following the payment of $2.02 billion in import bills through the Asian Clearing Union (ACU), according to Bangladesh Bank (BB).After this significant settlement, Bangladesh's gross forex reserves...

Cases climb, stirring public health worries

SAIF UDDIN | 2025-07-09 00:00:00

The number of Chikungunya cases has been climbing sharply in Dhaka and several other urban areas, prompting fresh concerns for public health amid the ongoing monsoon, when mosquito-borne diseases tend to spread rapidly.According to the Institute of Epidemiology, Disease Control...

Yield on 2-yr BGTBs falls

FE REPORT | 2025-07-09 00:00:00

The yield on two-year Bangladesh Government Treasury Bonds (BGTBs) dropped significantly on Tuesday as banks showed increased willingness to invest their excess liquidity in risk-free securities.The cut-off yield, generally known as the interest rate, on the BGTBs declined to 11.60...

Almost all overdue payments to IPPs cleared

M AZIZUR RAHMAN | 2025-07-09 00:00:00

The interim government has cleared almost all the overdue payments to privately-owned power plants to ensure increased electricity supply from such plants in the future.The payment backlog to privately owned power plants now stands only at around Tk35billion, only around...

Incessant rains disrupt life, spark flood fear

2025-07-09 00:00:00

Heavy and persistent monsoon rains have disrupted life in various parts of Bangladesh inundating low-lying areas, triggering water-logging and raising concerns of potential flashfloods, particularly in the country's southeastern districts, report agencies.In Dhaka, light rain since morning led to water-logging...

Nearly half of production capacity remains unutilised in a decade

JAHIDUL ISLAM | 2025-07-09 00:00:00

Nearly half of the production capacity at the Shahjalal Fertilizer Factory-established at Fenchuganj in Sylhet at a cost of around Tk 50 billion to reduce import dependence by producing 580,800 tonnes of urea annually-has remained unutilised even after ten years...

Prayer Timings (2025-07-09)

2025-07-09 00:00:00

BB governor asks banks to create forced loans

FE REPORT | 2025-07-09 00:00:00

Governor of the Bangladesh Bank (BB) Dr Ahsan H Mansur has asked commercial banks to create forced loans against importers who have failed to make letter of credit (LC) payment on maturity dates.He gave the instruction at the bankers' meeting...

Japan-only bidders, fat quotes and no room to negotiate

MUNIMA SULTANA | 2025-07-09 00:00:00

A fresh dilemma has emerged in Dhaka's ambitious metro-rail expansion as the state-owned operator faces exorbitant bids from a narrow pool of Japanese firms.Despite interest from companies worldwide, restrictive Japan-specific tender conditions have effectively sidelined all but a few players,...

SSC results tomorrow

2025-07-09 00:00:00

The results of the Secondary School Certificate (SSC) and equivalent examinations of 2025 under all the 11 boards will be published tomorrow (Thursday), reports BSS.This year's results of the SSC and equivalent examinations will be simultaneously published under Dhaka, Rajshahi,...

Bilateral treaty only means to readjust domestic tariffs for US

DOULOT AKTER MALA | 2025-07-09 00:00:00

Government revenue authorities find limited scope to satisfy the Trump administration by reducing tariffs for US imports unless Bangladesh goes for bilateral treaty -- the only byway to skip set world trade rules.Though import duty on 110 products has been...

Doors yet open for talking reciprocal tariff parity

FE REPORT | 2025-07-09 00:00:00

Keeping the doors yet open for possible tradeoff, the US has declared a slightly slashed 35-percent tariff on Bangladesh's products exported to the American market with effect from August 01.President Donald Trump cut 2.0 per cent from the previously proposed...

54 NEWLY RECRUITED OFFICERS JOIN ONE BANK

2025-07-09 00:00:00

A total of 54 Special Cadre Officers and Cadre Officers (8th Batch) of ONE Bank PLC joined the bank recently. On this occasion, a daylong onboarding programme was held. Shabbir Ahmed, Managing Director (Current Charge), Abu Zafore Md. Saleh, AMD...

KOICA, RHD launch smart maintenance technologies for bridges

2025-07-09 00:00:00

The Korea International Cooperation Agency (KOICA), in collaboration with the Roads and Highways Department (RHD), has officially launched the 'Capacity Development of Smart Maintenance Technology of Bridges under RHD' project, reports UNB.This USD 8.85 million initiative aims to modernise bridge...

JBCCI stresses pvt sector's engagement

FE REPORT | 2025-07-09 00:00:00

Japan-Bangladesh Chamber of Commerce and Industry (JBCCI) members have laid importance on the engagement of Bangladesh's private sector in the economic partnership agreement (EPA) negotiation between the two countries. They emphasised this after noticing the private sector's absence at the...

HSBC named 'Bangladesh International Trade Finance Bank of the Year'

2025-07-09 00:00:00

The Hongkong and Shanghai Banking Corporation Limited (HSBC) in Bangladesh has been recognised as 'Bangladesh International Trade Finance Bank of the Year' at the Asian Banking & Finance Wholesale Banking Awards 2025. This achievement is a testament to the bank's...

Textile millers delay release of imported cotton over 2pc AIT

JASIM UDDIN | 2025-07-09 00:00:00

Textile mill owners show reluctance to release their imported cotton from ports, raising concerns about potential container congestion, which could further disrupt operations at major ports, including Chattogram and Beanpole, according to industry insiders.They also said the government has imposed...

Gold prices slip-

2025-07-09 00:00:00

Gold prices eased on Tuesday, weighed by higher US Treasury yields as US President Donald Trump announced new tariff proposals on trading partners, including Japan and South Korea, reports Reuters.Spot gold was down 0.2 per cent at $3,328.67 per ounce,...

Oil prices ease as traders assess US tariffs and OPEC+ output boost

2025-07-09 00:00:00

LONDON, July 8 (Reuters): Oil prices retreated on Tuesday, having climbed almost 2 per cent in the previous session, as investors assessed the latest developments on US tariffs and a higher than expected increase to OPEC+ output for August.Brent crude...

FSIB holds Human Resources and Business Development Meeting in Ctg

2025-07-09 00:00:00

First Security Islami Bank PLC (FSIB) recently arranged a meeting on 'Human Resources and Business Development 2025' for branches and sub-branches of Chattogram region at Shaheen Golf and Country Club auditorium, Chattogram. Mohammad Abdul Mannan, Chairman of the bank, addressed...

BIMAN BANGLADESH AIRLINES BAGS FIVE AWARDS

2025-07-09 00:00:00

Biman Bangladesh Airlines won a total of five awards, including 'Gold Trophies', at the 'ShareTrip- Monitor Airline of the Year 2024' award ceremony held at a hotel in Dhaka recently. Biman won the awards in the categories of 'Best Long-haul...