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High tax, low yield turn banks off

JUBAIR HASAN | 2025-03-01 00:00:00

The central bank's liquidity-sterilisation instrument, called Bangladesh Bank (BB) bills, has failed to attract commercial banks' attention, leaving the regulator's move to mop up high-powered money in doubt, officials and bankers have said.They said commercial banks mostly borrowed money from...

NCP seeks constituent assembly to formulate new constitution

FE REPORT | 2025-03-01 00:00:00

National Citizens Party (NCP) was ceremoniously launched Friday with the vision of building a second republic in Bangladesh based on a new constitution that guarantees democratic dispensation and blocks dictatorial rule. The party demanded constituent assembly election to formulate the...

Hundred economic zones scaled down to five priority EZs

FE REPORT | 2025-03-01 00:00:00

Bangladesh scales back its big-dream plan to establish 100 economic zones across the country by 2030 and the current government prioritizes five full-blown EZs to deliver the desired goods. It now focuses on select few zones "to maximize the attraction...

Weather (2025-03-01)

2025-03-01 00:00:00

Weather may remain dry with partly cloudy sky in the next 24 hours from 06:00 am today (Saturday), according to the Met Office. Light fog may occur over river basins. Night and day temperature may rise slightly. The highest temperature...

Nat’l Moon Sighting Committee meets today

2025-03-01 00:00:00

A meeting of the National Moon Sighting Committee will be held today (Saturday), aiming to review the moon sighting which will mark the beginning of the holy month of Ramadan.The meeting will be held at the conference room of the...

Fire guts 61 shops at Shewrapara kitchen market

2025-03-01 00:00:00

A fire that raged through Shewrapara kitchen market in the city early Friday gutted 61 shops, including a shoe showroom, according to Fire Service and Civil Defence (FSCD), reports UNB.Lima Khanam, duty officer at the FSCD headquarters, told the news...

Adviser warns strict action against unjust price hike of essentials

2025-03-01 00:00:00

Fisheries and Livestock Adviser Farida Akhtar has criticised those who raise prices of daily commodities unfairly, saying they would no longer be spared, reports UNB.The adviser also urged the students who protested during the July uprising to join in fighting...

Army Chief inaugurates 'Sinha Memorial Plaque' in Cox's Bazar

2025-03-01 00:00:00

Chief of Army Staff General Waker-Uz-Zaman inaugurated the "Sinha Memorial Plaque" on Thursday at Shamlapur at Baharchhara Union in Teknaf upazila of Cox's Bazar, reports UNB.The memorial was constructed under the overall supervision of the BGB Cox's Bazar Region in...

No end in sight to BR's lingering manpower crisis

MUNIMA SULTANA | 2025-03-01 00:00:00

The long-standing manpower shortage that Bangladesh Railway (BR) is suffering from is unlikely to be resolved soon due to procedural complexities and a lack of visionary steps. The recruitments of around 40,000 employees were approved more than three years ago....

Artistes performing at the Chhayanot 'Boshonto Utshob' (Spring Festival)

2025-03-01 00:00:00

Artistes performing at the Chhayanot 'Boshonto Utshob' (Spring Festival) at the Faculty of Fine Arts, Dhaka University, on Friday. — FE Photo by Asad-Uz-Zaman

Beef, potato, chicken, pulses get costlier ahead of Ramadan

YASIR WARDAD | 2025-03-01 00:00:00

With only one or two days left for the fasting month of Ramadan to begin, prices of beef, chicken, potato, a few pulses, riverine fish and vegetables witnessed a fresh hike last week.Despite the hike, the current prices of all...

Hatirjheel motorcycle hijacking at gunpoint actually a shooting scene

2025-03-01 00:00:00

A recent video of a motorcycle hijacking at gunpoint in broad daylight in the capital's Hatirjheel area by four youths that went viral on social media was actually a shooting scene, reports BSS.Dhaka Metropolitan Police (DMP) in a statement confirmed...

Two BCL leaders held in Ctg

2025-03-01 00:00:00

CHATTOGRAM, Feb 28 (BSS): The Rapid Action Battalion (RAB) arrested two leaders of banned Chattra League in separate drives on charge of attacking students during July uprising.The arrested were identified as Md Fazlur Rashid, 24, religious affair secretary of Chattogram...

US government releases declassified Jeffrey Epstein files

2025-03-01 00:00:00

WASHINGTON, Feb 28 (AFP): US Attorney General Pam Bondi on Thursday released a set of files related to disgraced financier Jeffrey Epstein, who was accused of sex trafficking and other serious offenses but committed suicide before his trial in 2019.Bondi...

Govt takes diverse initiatives to promote Islamic culture, values: Khalid

2025-03-01 00:00:00

Religious Affairs Adviser Dr AFM Khalid Hossain on Friday said the government is undertaking diverse initiatives to promote and develop Islamic culture and values, reports BSS.He emphasised on encouraging the practice of these values across the country while addressing an...

‘Binance accounts' screenshots of advisers, press secretary fake’

2025-03-01 00:00:00

Fact-checking body Rumor Scanner in an investigation has revealed that the Binance account screenshots circulating in the names of the interim government's advisers, the press secretary, and leaders of the July-August uprising are fake, reports BSS.In a report published on...

New student-led party's journey to 'fulfil youth’s expectations': Asif Nazrul

2025-03-01 00:00:00

The new political party formed by leaders from the July Uprising is setting out to fulfil the "expectations of students and the youth", says Law Advisor Asif Nazrul, reports bdnews24.com.On Friday, the interim government advisor made a long post on...

BNP Vice-chairman Abdullah Al Noman laid to rest

2025-03-01 00:00:00

BNP Vice-Chairman and former minister Abdullah Al Noman was buried at his family graveyard in Chattogram's Raozan upazila on Friday evening, reports UNB.The burial took place following his fourth namaz-e-janaza at the Raozan Gohira School ground after Asr prayers.Earlier, his...

Democracy still not free from danger

2025-03-01 00:00:00

CHATTOGRAM, Feb 28 (UNB): BNP acting Chairman Tarique Rahman on Friday said democracy in Bangladesh is still at stake even though fascism has been driven out through the popular uprising."Despite the departure of dictatorship, various efforts are being made to...

Bangladesh Jamaat-e-Islami brought out a procession

2025-03-01 00:00:00

Bangladesh Jamaat-e-Islami brought out a procession in the capital's Baitul Mukarram area after the Juma prayer on Friday, demanding preservation of the Ramadan's sanctity and control of commodity prices. — Focus Bangla

How to keep your workers happy in Ramadan

Sohel Miah | 2025-03-01 00:00:00

Ramadan is a month of restraint, self-purification, and worship for Muslims. However, it also presents a significant challenge for industrial establishments in ensuring the well-being of workers and maintaining a healthy work environment. Fasting for long hours affects workers' physical...

Global equity funds draw big inflows-

2025-03-01 00:00:00

Global equity funds witnessed sharp inflows in the week through February 26, spurred by sustained expectations of rate cuts later this year, which were bolstered by weaker economic data reported during the week, reports Reuters.LSEG Lipper data shows global equity...

Etihad Airways plans $1b IPO to fuel expansion

2025-03-01 00:00:00

Etihad Airways is set to announce the launch of an initial public offering worth $1 billion in March, sources have revealed. This marks a significant milestone in the aviation industry, as it would be the first public listing by a...

DSEX rebounds as banking shares rise amid economic optimism

FE REPORT | 2025-03-01 00:00:00

The benchmark equity index saw an uptick this week, rebounding from a flat performance in the previous week, as investors showed renewed interest, particularly in banking shares, ahead of their year-end earnings reports. Gradual easing of adversities on the macroeconomic...

US consumer spending declines

2025-03-01 00:00:00

WASHINGTON, Feb 28 (Reuters): US consumer spending unexpectedly fell in January while the annual increase in inflation slowed, supporting financial market expectations that the Federal Reserve would resume cutting interest rates in June.But the moderation in annual inflation, which partly...

China's leaders gather to hash out Trump tariff battle plans

2025-03-01 00:00:00

BEIJING, Feb 28 (AFP): China's leadership convenes next week for closed-door meetings to hammer out plans to shield the ailing economy from tariffs and trade threats from US President Donald Trump.The "Two Sessions" gatherings of the country's parliament and top...

Trump vows Mar 4 tariffs for Mexico, Canada, extra 10pc for China over fentanyl

2025-03-01 00:00:00

US President Donald Trump on Thursday said his proposed 25% tariffs on Mexican and Canadian goods will take effect on Mar 4 along with an extra 10% duty on Chinese imports because deadly drugs are still pouring into the US...

Prices of essentials rise in Ctg ahead of Ramadan

Nazimuddin Shyamol | 2025-03-01 00:00:00

CHATTOGRAM, Feb 28: The prices of essential commodities have marked a rise in the port city ahead of Ramadan.As retailers are hiking prices, the market monitoring teams are being active just ahead of Ramadan.But, consumers alleged that the prices of...

Teletalk limping with 4G expansion to union levels

FE REPORT | 2025-03-01 00:00:00

Teletalk, the state-run telecom operator, is encountering significant hurdles in its efforts to expand 4G mobile broadband services to union levels across Bangladesh. The Tk 29 billion project, aimed at improving 4G access in rural and underserved areas, is facing...

Supply of commodities to be ensured within a week: Commerce Adviser Sheikh Bashir

2025-03-01 00:00:00

SAVAR, Feb 28 (BSS): Commerce Adviser Sheikh Bashir Uddin has assured that supply of all commodities in the market would be ensured within a week."Supply of edible oil, dates and chickpeas would be normal in the market within next seven...