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Call money rate holds steady before Eid as banks tap BB support

SIDDIQUE ISLAM | 2025-06-05 00:00:00

On the eve of the long Eid-ul-Azha holiday, Bangladesh's inter-bank call-money market showed signs of stability, with banks successfully managing their liquidity needs, thanks in part to timely support from the central bank.The weighted average rate (WAR) of call money...

Prayer Timings (2025-06-05)

2025-06-05 00:00:00

Holiday Notice_2025-06-05

2025-06-05 00:00:00

The offices of The Financial Express (FE) will remain closed on June 05-June 09 (Thursday-Monday) on the occasion of Holy Eid-ul-Azha. Therefore, there will be no issue of the FE on June 06-June 10 (Friday-Tuesday).The online section of the newspaper...

Govt rethinks mandatory tax proof for 12 services

JASIM UDDIN | 2025-06-05 00:00:00

Mandatory furnishing of Proof of Submission of Return (PSR) for securing a plethora of services as a measure of boosting government revenues is being derogated for certain service deliveries to remove unwanted hurdles.The initial move to mandate PSR played a...

Opinions on FY 26 budget till Jun 19

FE REPORT | 2025-06-05 00:00:00

The government will receive public opinion and suggestions on the proposed FY26 budget until June 19.After incorporating the acceptable opinions and suggestions, the cabinet will approve the budget on June 22, Finance Adviser Dr Salehuddin Ahmed told reporters Wednesday after...

Anticipation rife about Yunus-Tarique meet

FE REPORT | 2025-06-05 00:00:00

Speculations run high about a chance meeting between Chief Adviser Prof Muhammad Yunus and long-exiled BNP acting chairperson Tarique Rahman during the UK visit of the head of interim government. Chief Adviser Yunus is scheduled to visit the United Kingdom...

Disappearances probe confirms 1,350 cases, may surpass 3,500

FE REPORT | 2025-06-05 00:00:00

Disappearances probe has confirmed 1,350 cases and anticipates the figure of missing to surpass 3,500-many having no hope of return, officials say. According to the second interim report of the Commission of Inquiry on Enforced Disappearances, the intelligence wing of...

Unblocking payments, shareholder dividends ignites investment zeal

ISMAIL HOSSAIN | 2025-06-05 00:00:00

A faster coordinated action by the interim government resolving several longstanding issues of payment obligations and shareholder dividends with three prominent multinational corporations in order to ease foreign-investment facilities in Bangladesh regenerates investment vibes. Industry stakeholders assert that such decisive...

Eid-ul-Azha on June 7

FE REPORT | 2025-06-05 00:00:00

All are agog for the fiesta as Eid-ul-Azha, the second- biggest religious festival of the Muslims, will be celebrated across the country on June 7 (Saturday).The decision was made earlier at a meeting of the National Moon Sighting Committee at...

Turning tradition into innovation

Shezan Shams | 2025-06-05 00:00:00

In Bangladesh, gold has always been more than a shimmering metal - it has an emotional connection. From a bride's cherished wedding gift to a family's quiet safety net, gold represents prosperity, pride and permanency. As the country's economy has...

Unlocking the secrets of monthly compounding

Md Rashed Akter | 2025-06-05 00:00:00

When it comes to building wealth, the loudest voices often talk about working harder, hustling more, or chasing the next big investment. But what if the real secret to financial success wasn’t working harder—but working smarter? One of the most...

Rickshaw pullers deserve better

2025-06-05 00:00:00

Rickshaw pullers in Bangladesh face a daily struggle for survival. Despite their vital contribution to urban transport, especially in congested cities like Dhaka, they remain one of the most neglected segments of our workforce. Low earnings, debt to rickshaw owners,...

Treating sacrificial animals with compassion

2025-06-05 00:00:00

As Eid-ul-Azha approaches, the rush to buy sacrificial animals has begun across the country. The vibrant scenes of cows, goats, sheep, and camels in the markets reflect the devotion of the Muslim Ummah to follow the Sunnah of Prophet Ibrahim...

Achieving the ambitious revenue target

Atiqul Kabir Tuhin | 2025-06-05 00:00:00

The proposed budget for the fiscal year 2025-26, amounting to Tk 7.9 trillion, marks a significant shift in Bangladesh's fiscal objectives: moving away from grand development narratives towards pragmatic restraint and people-centric welfare. While rolling out the budget on Monday,...

Celebrating Eid-ul-Azha in its true spirit

2025-06-05 00:00:00

Eid-ul-Azha, the second of the two great festivals of the Muslim Ummah, is primarily a festival of sacrifice. But this festival assumes a unique spiritual significance with the performance of hajj scheduled for the 10th day of the twelfth and...

Choking on plastic: the planet's invisible epidemic

Babui Salsabil | 2025-06-05 00:00:00

As we welcome another World Environment Day, we are once again reminded of our fragile connection to the planet we call home. It’s a moment to take stock – not just of vanishing forests or warming seas – but of...

The bizarre charm of conspiracy theories

Syed Badrul Ahsan | 2025-06-05 00:00:00

There is a certain pleasure in studying conspiracy theories. Much of the pleasure stems from the thought that in some people it is the imagination which works overtime, allowing them to indulge in fantasies we can only marvel at. Verily...

Fernandes rejects Saudi move to stay at Man Utd

2025-06-04 00:00:00

LONDON, June 03 (AFP): Bruno Fernandes has reportedly rejected a huge offer to leave Manchester United for the Saudi Pro League, opting to be part of Ruben Amorim's rebuild at Old Trafford. Reports said Al Hilal were willing to pay...

Zico warns Japan players not to follow Brazilians into transfer trap

2025-06-04 00:00:00

KASHIMA, Japan, June 03 (AFP): Zico, who was instrumental in Japan's development as a football nation, has warned that players are moving to Europe too young and cites his native Brazil as a cautionary tale.The midfield legend ended his playing...

Ex-England boss Lancaster named Connacht head coach

2025-06-04 00:00:00

LONDON, June 03 (AFP): Former England boss Stuart Lancaster was Tuesday announced as the new head coach of Irish province Connacht. The 55-year-old has signed a two-year contract and will oversee pre-season training in July.Lancaster was appointed England head coach...

Kyrgios out of Wimbledon with injury

2025-06-04 00:00:00

SYDNEY, June 03 (AFP): The 2022 Wimbledon finalist Nick Kyrgios said Tuesday that he will miss this year's tournament and the grass-court season after "a small setback" on his latest injury return.The 30-year-old Australian has played very little tennis over...

Sabalenka battles past Zheng to reach French Open semis

2025-06-04 00:00:00

PARIS, June 03 (AFP): World number one Aryna Sabalenka ended Olympic champion Zheng Qinwen's winning streak on the Paris clay with a straight-sets victory on Tuesday to seal herself a spot in the French Open semi-finals.The top seed from Belarus...

Pakistan to play in SL at India-hosted Women's WC

2025-06-04 00:00:00

NEW DELHI, June 03 (AFP): Pakistan will play their matches at this year's Women's Cricket World Cup in Sri Lanka under an International Cricket Council deal that allows them to avoid playing in host nation India.The refusal of India to...

Tk 891.62b earmarked for subsidy, incentive in proposed budget

FE REPORT | 2025-06-04 00:00:00

The interim government has allocated Tk 891.62 billion for payment of subsidies and incentive in the proposed budget for the fiscal year FY 2025-26.The proposed amount is Tk 199.53 billion lower than that of the revised budget for FY 2024-25,...

Cotton, MMF yarn prices to rise

FE REPORT | 2025-06-04 00:00:00

Finance Adviser Dr Salehuddin Ahmed on Monday proposed increasing the price of certain products at the production stage, including cotton yarn and yarn made of man-made fibre (MMF).In the proposed budget for the financial year 2025-26, he said that the...

Tk 530 billion cut proposed in revised budget for FY25

FE REPORT | 2025-06-04 00:00:00

Amid the country's persisting economic downturn, the government has proposed a cut in the national budget for the outgoing fiscal year (FY) 2024-25 by Tk 530 billion to Tk 7.44 trillion.Although the overall budget outlay is going to be reduced...

Budget deficit narrows to 3.6pc of GDP for FY'26

FE REPORT | 2025-06-04 00:00:00

The budget deficit for the fiscal year 2025-26 has been proposed to be narrowed to 3.6 per cent of the country's gross domestic product (GDP) despite rise in the payments of both debt and interest. "…Our overall budget deficit will...

NEWS IN BRIEF 2025-06-04

2025-06-04 00:00:00

Two ship employees die in CtgCHATTOGRAM, June 03: Two employees of a ship died in a vessel apparently after sustaining injuries due to snapping of a rope in the Karnaphuli river of Chattogram on Monday night. The deceased were identified...

Three of a family killed in Tangail road accident

2025-06-04 00:00:00

TANGAIL, June 03 (UNB): Three members of a family were killed and three others injured in a road accident on Dhaka-Tangail highway in Basail upazila of Tangail on Monday night.The deceased were identified as Amzad Mandal, 65, his sons Ratul...

'Theory of three zeros' incorporated in budget

FE REPORT | 2025-06-04 00:00:00

The 'theory of three zeros' popularised by chief adviser and Nobel laureate Professor Muhammad Yunus has been incorporated in the proposed national budget for FY'26 unveiled on Monday.Presenting a Tk 7.90 trillion budget proposal, finance adviser Dr Salehuddin Ahmed said...