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NBR officials threaten complete shutdown of tax, VAT, customs services

FE REPORT | 2025-06-24 00:00:00

The National Board of Revenue (NBR) Reform Unity Council has announced plans for a "complete shutdown" of income tax, VAT, and customs services from June 28 unless their key demands are met - chiefly the removal of the current NBR...

Prayer Timings (2025-06-24)

2025-06-24 00:00:00

Prof Yunus likely to visit Indonesia in August

2025-06-24 00:00:00

Chief Adviser Prof Muhammad Yunus is likely to pay an official visit to Indonesia in August as both sides eye an enhanced trade, investment and cultural ties between Bangladesh and Southeast Asia's largest nation, reports UNB.Officials from both sides are...

CCC unveils Tk 2.14b budget for FY ’26

OUR CORRESPONDENT | 2025-06-24 00:00:00

CHATTOGRAM, June 23: Chattogram City Corporation (CCC) has announced a Tk 2.15 billion annual budget for the 2025-26 fiscal year. Mayor of the CCC, Dr. Shahadat Hossain, presented the budget at the Theatre Institute, Chittagong (TIC) hall on Monday. The...

Sheikh Hasina, Tarique Siddiqui complicit in extrajudicial killings

FE REPORT | 2025-06-24 00:00:00

Political high-ups of the past regime such as deposed premier Sheikh Hasina, General Tarique Ahmed Siddiqui and the former home minister and other senior officials were in strategic layers of ordering abductions and extrajudicial killings, says a latest probe report....

Functions at Nagar Bhaban resume

FE REPORT | 2025-06-24 00:00:00

Functions at Nagar Bhaban, the headquarters of Dhaka South City Corporation (DSCC), resumed on Monday after it was locked for 40 consecutive days.However, DSCC Administrator Shahajan Mia and some engineers were not present, while their office rooms were locked.During a...

Int'l flights to take off despite terminal woes, capacity crunch

GULAM RABBANI | 2025-06-24 00:00:00

The Civil Aviation Authority of Bangladesh (CAAB) plans to launch international flights at Cox's Bazar Airport in July despite the new terminal for international passenger handling still being under construction and not expected to be ready until December.Officials and aviation...

PC flags flaws in Tk 198b health projects

JAHIDUL ISLAM | 2025-06-24 00:00:00

Two ambitious health-sector projects worth Tk 198.09 billion have hit a major scrutiny, as the Planning Commission (PC) has pushed back against their approval citing serious procedural and financial gaps. Concerns range from the 'absence of feasibility studies to vague...

Israel strikes heart of Tehran, Iran retaliates with missile, drone attacks

2025-06-24 00:00:00

Israel and Iran traded heavy air attacks a day after the US struck three main Iranian nuclear facilities, report agencies, stoking global worry over the escalation of Middle East conflicts. Explosions rock Iran's capital, Tehran, as Israel announces attacks on...

IMF board okays $1.3b payout to BD

SYFUL ISLAM | 2025-06-24 00:00:00

Bangladesh is receiving US$1.3 billion from the International Monetary Fund in its lending programme's latest two tranches trapped in unmet reform-related conditions as the IMF board finally nods the payout, sources said. Finance Division officials in Dhaka said the executive...

Soybeans edge lower

2025-06-24 00:00:00

BEIJING/PARIS, June 23 (Reuters): Chicago soybean futures edged lower on Monday, unravelling gains after soyoil prices followed crude oil higher on concerns US strikes on Iranian nuclear facilities could lead to supply disruption.The most-active soybean contract was down 0.2% by...

Russian wheat export prices up following global rates

2025-06-24 00:00:00

MOSCOW, June 23 (Reuters): Russian wheat export prices rose last week, tracking global rates amid rising geopolitical tensions and weather problems in a number of countries, including Russia, analysts said.The price for new crop Russian wheat with 12.5% protein content...

BADC SECURES FIRST POSITION AS 'BEST STALL' AT NATIONAL FRUIT FAIR

2025-06-24 00:00:00

The Bangladesh Agricultural Development Corporation (BADC) has jointly secured the first position as the 'Best Stall' at the 'National Fruit Fair 2025' among the government institutions. General Manager (Horticulture) of BADC Dr. Md Isbat received the award from Dr. Md....

Gold inches higher as Iran-Israel tensions offset dollar strength

2025-06-24 00:00:00

Gold prices nudged higher on Monday, as escalating Iran-Israel tensions outweighed pressure from a stronger dollar, with markets closely watching Iran's next move, reports Reuters.Spot gold was up 0.2% at $3,375.79 an ounce, as of 0939 a.m. EDT (1339 GMT)....

PPP Conference held in Bogura

2025-06-24 00:00:00

The Public-Private Partnership (PPP) Authority of Bangladesh successfully organised a 'Divisional PPP Conference and Workshop' at a hotel in Bogura on Monday, bringing together key stakeholders from the public and private sectors to explore future investment prospects through PPP.Muhammad Rafiqul...

30 factories named for Green Factory Award 2025

FE REPORT | 2025-06-24 00:00:00

The government has announced the names of 30 factories to receive the prestigious Green Factory Award 2025, in recognition of their outstanding contributions to environmentally sustainable industrial practices across Bangladesh.According to a circular of the Ministry of Labour and Employment...

Airlines weigh Middle East cancellations

2025-06-24 00:00:00

Airlines on Monday were weighing how long to suspend Middle East flights as a conflict which has already cut off major flight routes entered a new phase after the U.S. attacked key Iranian nuclear sites and Tehran vowed to defend...

SBI hosts AML/CFT training session

2025-06-24 00:00:00

State Bank of India, Bangladesh Operations, organised an "AML / CFT Training & Awareness Session" with a view to creating awareness among the staffs to instill a proactive culture. The training was held on the Country Office premises recently. A....

Trust Bank PLC and ACI Logistics sign Agreement

2025-06-24 00:00:00

An Agreement has recently been signed between Trust Bank PLC and ACI Logistics Ltd (Shwapno Supershop). Under this Agreement, Trust Bank Credit Card holders can avail up to 15% cashback while shopping at any Shwapno Supershop outlet or on its...

New mobile app launched to check market prices

FE REPORT | 2025-06-24 00:00:00

From now on, people can check retail prices of goods across the country using their mobile phones.On Monday, Alim Akhter Khan, Director General of the Directorate of National Consumer Rights Protection (DNCRP), officially launched an Android app called 'Bazardor' at...

Afroza Shahin appointed new MD of TEAM Group

FE REPORT | 2025-06-24 00:00:00

Afroza Shahin, wife of the founder and former managing director of TEAM Group, Abdullah Hil Rakib, has been appointed as the new managing director of the group following his tragic and untimely death.On June 8, Abdullah Hil Rakib and his...

Exim Bank's acting MD resigns

FE REPORT | 2025-06-24 00:00:00

M Akhtar Hossain, acting managing director of Exim Bank, has recently resigned from his post at the Shariah-based lender amid ongoing discussions regarding the merger of five Islamic banks.Mr Hossain, a seasoned banker, joined Exim Bank as additional managing director...

Standard Bank gets new EC Chairman

2025-06-24 00:00:00

Ferdous Ali Khan has been elected as the Chairman of the Executive Committee of the Board of Directors of Standard Bank PLC in its 411th meeting held recently, says a statement. A pioneer in the tailoring industry, Mr Khan founded...

Food grain import costs set to outpace volume growth this fiscal

YASIR WARDAD | 2025-06-24 00:00:00

The country's food grain import cost is set to be considerably higher than the growth of its import volume in the outgoing this fiscal, available data revealed. According to the Ministry of Food, imports of food grain both by private...

Revenue shortfall, weak tax culture undermining development goal

FE REPORT | 2025-06-24 00:00:00

Bangladesh's chronic revenue shortfall and lack of tax compliance are at the heart of its fiscal and developmental challenges, said Anisuzzaman Chowdhury, special assistant to the chief adviser of the interim government, on Monday.He made the observation at a post-budget...

Saudi Arabia's non-oil industrial production up 5.3pc

2025-06-24 00:00:00

RIYADH, June 23 (Arab News): Saudi Arabia's non-oil industrial activities posted robust growth of 5.3 per cent in 2024, highlighting the success of the Kingdom's economic diversification efforts under Vision 2030.The overall Industrial Production Index however declined by 2.3 per...

Eurozone business activity almost flat again

2025-06-24 00:00:00

BRUSSELS, June 23 (AFP): Business activity in the eurozone was up marginally in June, marking the sixth consecutive month of expansion-albeit at a slowing, sluggish pace, a closely watched survey showed Monday.The HCOB Flash Eurozone purchasing managers' index (PMI) published...

India’s business activity surges

2025-06-24 00:00:00

BENGALURU, June 23 (Reuters): India's private sector activity accelerated sharply in June as companies ramped up production to meet surging domestic and international demand, according to a survey released on Monday that showed record export growth and robust hiring.The HSBC...

IMF warns US strikes on Iran could disrupt global economy

2025-06-24 00:00:00

JEDDAH, June 23 (Arab News): The International Monetary Fund has warned that US airstrikes on Iran could amplify global economic uncertainty, with potential spillovers far beyond energy markets, its head told Bloomberg on Monday.IMF Managing Director Kristalina Georgieva said that...

Janata Bank launches foundation course for officers

2025-06-24 00:00:00

A 25-day Foundation Training Course for Officers (Batch 05/2025) organised by Janata Bank PLC began at the Janata Bank Staff College in the city recently. Managing Director of the bank Md Mazibur Rahman inaugurated the course. A total of 50...