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BNP played significant role in ousting autocrats: Fakhrul

FE REPORT | 2024-08-22 00:00:00

Bangladesh Nationalist Party (BNP) Secretary General Mirza Fakhrul Islam Alamgir said on Wednesday that their party has played a significant role in ousting autocrats and institutionalising democracy in the country.He made the comment after a joint meeting of the BNP...

AL leader Ahmed, Sohail remanded for four days

2024-08-22 00:00:00

A Dhaka court has granted four-day remand each, to Awami League organising secretary Ahmad Hossain and Rear Admiral (retd) Mohammad Sohail in Jubo Dal leader Nabin Talukder murder case, filed with Paltan thana, reports BSS.As they were produced before the...

CA seeks UK's support to bring back laundered money

2024-08-22 00:00:00

Interim government Chief Adviser (CA) Prof Muhammad Ynus has sought support from the British government through its envoy in Dhaka to track and get back the money laundered to the UK allegedly by the people linked to the Sheikh Hasina-led...

Light to moderate rain lashes much of the country

2024-08-22 00:00:00

Light to moderate rain lashes much of the country on Wednesday, including the capital Dhaka. The downpour makes commuting to schools and workplaces more challenging for residents. — FE Photo by Shafiqul Alam

Mpox: New measures ordered at airports, entry points

2024-08-22 00:00:00

The Health Department has introduced new guidelines and measures at airports and other entry points to mitigate the risk of Mpox (Monkeypox) infection, reports UNB.Daud Adnan, Deputy Director of the Health Department's Hospital and Clinic Division, confirmed that health camps...

Govt seeks $1.0b WB support for power, energy sector

FE REPORT | 2024-08-22 00:00:00

The interim government on Wednesday sought US$1.0 billion from the World Bank (WB) as budgetary support for the power and energy sector.Adviser for power and energy, and road transport and bridges Muhammad Fouzul Kabir Khan sought the assistance as a...

Keep sourcing from BD without penalties

MONIRA MUNNI | 2024-08-22 00:00:00

Nine global organisations representing over 3,000 global fashion brands, retailers, suppliers and workers have called on international apparel buyers to refrain from cancelling work orders from Bangladesh or imposing penalties for delayed shipments.In a joint statement on Wednesday, the organisations...

Dhaka to press Delhi on river rights: Rizwana

FE REPORT | 2024-08-22 00:00:00

The interim government will discuss Bangladesh's rights over common rivers, including the Teesta, with India, said Environment Advisor Syeda Rizwana Hasan."It is important to understand what people living near the Teesta want. Bangladesh is committed to claiming its rights while...

Papan steps down as BCB president

2024-08-22 00:00:00

Bangladesh Cricket Board (BCB) president Nazmul Hasan Papan, who fled the country after the fall of the Sheikh Hasina-led government, has confirmed his resignation, reports UNB.With the resignation, the decade-old tenure of Papan at the BCB came to an end.Nazmul's...

China won't interfere in BD internal affairs

FE REPORT | 2024-08-22 00:00:00

China would not interfere in Bangladesh's internal affairs, said Chinese Ambassador to Bangladesh Yao Wen on Wednesday in the capital.The envoy made this remark while addressing a meeting with the high-ups of Bangladesh Nationalist Party (BNP) at the party chairperson's...

UN preliminary probe team arrives today

MIR MOSTAFIZUR RAHAMAN | 2024-08-22 00:00:00

A UN fact-finding mission arrives here today for initial work on investigation into the killings and atrocities during the student-mass protests in Bangladesh that toppled the past government."A three-member team of the United Nations will arrive in Dhaka tomorrow (Thursday),'...

Bridges Div counts Tk 1.2b in losses

MUNIMA SULTANA | 2024-08-22 00:00:00

The Bridges Division has estimated damages to assets at Tk 1.2 billion, including Tk 650 million for torching 57 vehicles, during the student-led quota-reform movement on July 19.An enquiry committee earlier formed to assess the loss submitted a report to...

Khaleda Zia returns home from hospital

2024-08-22 00:00:00

BNP Chairperson Khaleda Zia returned home on Wednesday night after receiving treatment at Evercare Hospital for 45 days, reports UNB."Madam (Khaleda) was discharged from the hospital in the evening as per the advice of the medical board," said her media...

Tycoons under hunt for suspected huge tax-dodging

DOULOT AKTER MALA | 2024-08-22 00:00:00

Five big shots are currently under scanner to dig out alleged tax evasion by the individuals and their associate businesses as the revenue intelligence cracks down following the regime change.Sources say the Central Intelligence Cell (CIC) of the National Board...

Prayer Timings (2024-08-22)

2024-08-22 00:00:00

3 more cases filed against Hasina, aides

FE REPORT | 2024-08-22 00:00:00

At least three more complaints were lodged with the investigation agency of the International Crimes Tribunal in Dhaka on Wednesday accusing the recently ousted premier, Sheikh Hasina, and several others.Charges of crimes against humanity and genocide perpetrated during the student-led...

BB names administrator for Nagad

FE REPORT | 2024-08-22 00:00:00

Bangladesh Bank (BB), the country's central bank, has appointed an administrator for the mobile financial service (MFS) provider Nagad, as stated in a circular issued on Wednesday.Muhammad Badiuzzaman Dider, a director of Bangladesh Bank's Chattogram office, has been appointed as...

Govt debt swells over Tk 16.97t

JASIM UDDIN HAROON | 2024-08-22 00:00:00

Government debt had accumulated to Tk 16.97 trillion until March 2024 in an increase by Tk 840 billion or 5.0 per cent year on year, as Bangladesh grapples to meet its fiscal deficits. The sharp rise in government debts signals...

BB, Agrani reschedule Orion Pharma's loan bypassing rules

SAJIBUR RAHMAN | 2024-08-22 00:00:00

The Agrani Bank with conditional approval of the Bangladesh Bank has recently rescheduled a substantial volume of loan belonging to Orion Pharma, a major manufacturing concern of the Orion Group, in violation of rules and regulations. Neither Agrani nor BB...

Whitepaper on state of economy to be published

SYFUL ISLAM | 2024-08-22 00:00:00

A "whitepaper" unveiling the state of economy in six priority areas, including public finance, inflation, and food management, will be published following a decision of the interim government's advisory council.To be published in next ninety days, the whitepaper will portray...

Rains, run-off inundate nine dists

FE REPORT | 2024-08-22 00:00:00

Nine districts of the country have been flooded due to heavy rains and onrush of water from the upstream, the Ministry of Disaster Management and Relief announced on Wednesday. The affected districts are Sunamganj, Moulvibazar, Habiganj, Feni, Chittagong, Noakhali, Comilla,...

Islami Bank board to be dissolved

FE REPORT | 2024-08-22 00:00:00

Bangladesh Bank (BB) has decided to dissolve the board of directors of the Islami Bank Bangladesh PLC, and reconstitute it within a couple of days."The board will be dissolved and independent directors will be appointed within two days," Governor Dr...

Indian ONGC likely to abandon hydrocarbon exploration in Bay

M AZIZUR RAHMAN | 2024-08-22 00:00:00

Indian oil and gas exploration company ONGC Videsh Ltd (OVL) is set to abandon its hydrocarbon exploration efforts in two Bangladeshi offshore gas blocks after a decade of operations.OVL -- the sole international contractor assigned to delineate hydrocarbons in Bangladesh's...

Most Gulf markets gain ahead of US job data, Fed

2024-08-22 00:00:00

Most major stock markets in the Gulf rose in early trade on Wednesday as investors awaited US economic data and speeches from policymakers that are expected to make the case for rate cuts, reports Reuters.Preliminary revisions to US labour data...

Saudi Arabia raises $1.6bn in sukuk issuances during August

2024-08-22 00:00:00

RIYADH, Aug 21 (Arab News): Saudi Arabia's National Debt Management Center has completed its riyal-denominated sukuk issuance for August at SR6.018 billion ($1.6 billion), representing an 87.22 percent rise compared to July. The figure was the third highest this year,...

Euro currency emerges a winner from market turmoil

2024-08-22 00:00:00

The euro is trading at its highest this year against the dollar, emerging as a clear winner from the recent ructions in global currency markets that have unsettled a strong dollar and halted a relentless slide in Japan's yen, reports...

India accuses Amazon of predatory pricing

2024-08-22 00:00:00

NEW DELHI, Aug 21 (Reuters): India's commerce minister accused Amazon and other e-commerce companies of predatory pricing practices and said the sector's rapid rise should not disrupt millions of brick-and-mortar stores operating in the country.Amazon and Walmart's Flipkart have reshaped...

Switzerland moves towards cashless future with instant payments

2024-08-22 00:00:00

GENEVA, Aug 21 (AFP): Switzerland's new instant payment system will bolster the future of cashless payments in the country, the Swiss central bank said Wednesday after the scheme went live.The Swiss National Bank said around 60 financial institutions were now...

National Finance and InnStar sign MoU

2024-08-22 00:00:00

National Finance Ltd (NFL) and InnStar Limited have recently signed an MoU whereby Home Loan customers of InnStar will now get preferential rate and service. Irteza Ahmed Khan, Managing Director, Emon Ahmed Khan, Vice President and Head of Business, Kopil...

Takaful InsURANCE Risk Management Committee Meeting held

2024-08-22 00:00:00

The 2nd meeting of the Risk Management Committee of Takaful Islami Insurance Limited was held in Dhaka city on Tuesday. The Chairman of Risk Management Committee Md Humayun Kabir Patwary presided over the meeting which was attended by committee members...