LGED, forest dept at odds over constructing a paved road

COX'S BAZAR, July 08: A tug of war has broken out between the Local Government Engineering Department (LGED) and the Forest Department over the construction of a 4.88-kilometre paved road through the Shaplapur Reserved Forest in Maheshkhali upazila of Cox's...

Singer, Intech relegated to junk status

FE REPORTSinger Bangladesh has been downgraded to "Z" category from "A" category as its accumulated losses exceeded its paid-up capital, reflecting the prolonged financial distress facing the multinational home appliance manufacturer.The Dhaka Stock Exchange (DSE) said the reclassification became effective...

MTB, SEL SIGN MOU TO OFFER ATTRACTIVE HOME LOAN

MTB, SEL SIGN MOU TO OFFER ATTRACTIVE HOME LOAN Mutual Trust Bank (MTB) and The Structural Engineers Limited (SEL) officially signed a memorandum of understanding (MoU) on Sunday at SEL Centre, 29, West Panthapath, Dhaka. Under this agreement, clients of...

Dhaka bourse asked to probe "suspicious trading" of Provati Insurance shares

FE REPORTThe Bangladesh Securities and Exchange Commission (BSEC) has directed the Dhaka Stock Exchange (DSE) to look into "suspicious trading" of Provati Insurance after detecting unusual price movements of the stock and trading patterns. The move came after Provati Insurance's...

Global jitters intensify foreign fund outflow from Bangladesh stocks

Foreign portfolio investors (FPIs) are steadily pulling out funds from Bangladesh's equity market as they have been moving assets to developed markets amid persistent macroeconomic challenges stemming from geopolitical tensions.Net investment by overseas investors in the 12 months to May...

Joining a currency union in South Asia

The idea of countries with similar economic structures adopting a common currency became popular in the late 1990s. This idea came about following the successful introduction of the Euro in 1999 for most members of the European Economic Union (EEU)....

'Viking Row': Celebrations that captivated the world

Football has always been more than a game. It is a theatre where history, identity and culture find new expression. Few celebrations capture this spirit as vividly as Norway's now-famous "Viking Row"-a synchronized display of powerful rowing-like arm movements and...

Give way to ambulances

An ambulance is more than just a vehicle with flashing lights and a loud siren. It is a lifeline for someone fighting for survival. Whether carrying a heart attack patient, a critically injured accident victim, or a pregnant woman in...

A pay raise for some, hardship for many

The implementation of the ninth pay scale, raising basic salaries by 100 to 130 per cent, from July 1 along with a proportionate increase in allowances in the next fiscal year, is good news for government employees. It comes as...

Rehabilitation of street children-

A project proposal developed by the Ministry of Women and Children Affairs (MOWCA) for rehabilitation of street children looks quite appealing. It would cost, if approved, the government exchequer Tk4.2 billion over a period of five years. The allocation sought...

Islamic banking and 'fundamentalist economy' paradigm

Institutional capture, poor governance, and financial plunder now characterise Bangladesh's Islamic banking sector. While there are many reasons for this, including the collapse of banking systems and poor regulatory oversight, the intellectual and political roots run much deeper. The so-called...

Is the West better than China?

A quarter century ago, few predicted that China would become as powerful as quickly as it has and is today. Indeed, the 2000 Central Intelligence Agency (CIA) Global Trends 2015 report argued that China would fail to sustain high economic...

JANATA BANK AND DUTCH-BANGLA BANK SIGN AGREEMENT ON ONLINE TRANSACTIONS -1

JANATA BANK AND DUTCH-BANGLA BANK SIGN AGREEMENT ON ONLINE TRANSACTIONS Janata Bank PLC and Dutch-Bangla Bank PLC have signed an agreement to facilitate online transactions through the Nexus payment gateway and Rocket. Under the agreement, JanataPay, Janata Bank's own payment...

Players vie for the ball in the FIFA World Cup 2026 match between Argentina and Egypt on Tuesday (BST)

Players vie for the ball in the FIFA World Cup 2026 match between Argentina and Egypt on Tuesday (BST). Argentina had much of the play but trailed to Ibrahim's 15th-minute header. That was the first goal Argentina have conceded in...

PMI slips as manufacturing loses momentum

The private sector continued to expand in June, albeit at a slower pace, as manufacturing and construction slipped back into contraction, highlighting mounting pressure from higher production costs, weaker demand and seasonal disruptions.Purchasing Managers' Index (PMI) fell by 9.9 points...

BD posts 44pc rise in investments

Bangladesh netted a phenomenally higher annual foreign direct investment worth US$1.78 billion in 2025 as the global flow of FDI marked resurgence last year after two barren years. The global and local FDI rises are quantified in the World Investment...

Ctg deluged as downpour disrupts life across country

Port city Chattogram got deluged amid a 33-year-record rainfall measuring over 400 millimetres Tuesday as downpour disrupted life and business across Bangladesh on the day. Export-import trade handling at the country's prime seaport halted as almost the whole of the...

Govt borrowing $1.0b hard-term IsDB loan

Bangladesh is borrowing US$1.0-billion hard-term loan from the Islamic Development Bank (IsDB) for much-needed upgrading of Eastern Refinery's oil-refining capacity by 3.0 million tonnes a year, officials say. The government's Standing Committee on Non-Concessional Loans, headed by Finance and Planning...

Jet fuel prices cut again

The Bangladesh Energy Regulatory Commission (BERC) has cut the price of Jet A-1 aviation fuel for the fourth consecutive time since May.For July, the price for domestic flights has been reduced to Tk 130.99 per litre from Tk 150.21, a...

Digital exam leaks to entail 5-yr jail term

Parliament on Tuesday tightened the country's public examination laws, introducing up to five years' imprisonment and fines for digital manipulation, online question paper leaks and other offences aimed at protecting the integrity of the examination system.The Public Examinations (Offences) (Amendment)...

AI-based customs clearance set to begin next month

The customs authority is set to introduce an Automated Risk Management System (ARMS) next month in a bid to address the long-standing allegations of unnecessary harassment in the selection of import consignments for physical inspection at ports.The AI-powered ARMS, scheduled...

Forex reserves stay above $36.5b after ACU payment

Foreign exchange reserves remained above the US$36.5 billion mark after the country settled $1.48 billion in import payments to Asian Clearing Union (ACU) member countries.Robust remittance inflows, lower import demand and Bangladesh Bank's dollar purchases from commercial banks helped keep...

Flagship gas drilling programme misses production target

Bangladesh's flagship 150-Well Drilling Programme has delivered only about one-third of its targeted gas supply increase after four years, with declining production from ageing gas fields continuing to outpace new additions and forcing greater dependence on imported LNG.The country has...

Prime Minister Tarique Rahman visits the summer exercise of the Bangladesh Army's ninth Infantry Division in Singiar upazila

Prime Minister Tarique Rahman visits the summer exercise of the Bangladesh Army's ninth Infantry Division in Singiar upazila of Manikganj on Tuesday. — PID

Prices surge in country despite peak Boro season

Global rice prices surged to an 18-month high in June, with prices also rising in Bangladesh's domestic market despite the ongoing peak Boro harvesting season, raising fresh food inflation concerns.According to the latest Food and Agriculture Organisation (FAO) Rice Price...

Complaint filed over bounty on 'July warriors'

Police in Narail have received a complaint alleging that bounties were offered on social media to attack participants in the 2024 Anti-Discrimination Student Movement, reports bdnews24.com.The written complaint was filed with Narail Sadar Police Station at around 10:30 pm on...

CW urges MPs to make JS more effective

Chief Whip (CW) Md Nurul Islam has called on newly elected lawmakers to work together to make the 13th Jatiya Sangsad the most effective in Bangladesh's history, report agencies.The Chief Whip made the remarks while addressing the seventh briefing session...

Govt plans UP polls in October: Dr Zahed

FE REPORTPolicy and Strategy Adviser to the Prime Minister Dr Zahed Ur Rahman has said the government plans to hold Union Parishad (UP) elections in the first half of October, with the election schedule set to be announced in the...

Shafiqur seeks China's support for early Rohingya repatriation

Opposition Leader in parliament and Jamaat-e-Islami Ameer Dr Md Shafiqur Rahman has sought China's support for an early resolution of the Rohingya crisis and the repatriation of the displaced Myanmar nationals to their homeland, reports UNB.He made the request when...

NCP MP seeks Savar blast probe as two on remand

FE ReportOpposition lawmaker Akhtar Hossain on Tuesday voiced grave concern in parliament over the explosion at a rally organised by the National Citizen Party (NCP) in Savar, calling for a thorough investigation, the arrest of those responsible and adequate security...