Business Report : The forex reserve to foreign debt ratio dropped substantially in the past couple of years, indicating that the country has a smaller cushion of foreign reserves to meet foreign debt obligations. According to Bangladesh Bank data, foreign exchange reserves to foreign debt plummeted to 21.7Z% at the end of 2023 from 35% in 2022 and 50.7% in 2021. In just four years, the country’s foreign debt surged by $37 billion in 2023, up from $63 billion in...
Day: June 4, 2024
Staff Reporter : In a dramatic early morning encounter, a suspected drug trader was shot dead during a gunfight between members of the Border Guard Bangladesh (BGB) and drug peddlers in Ramu upazila of Cox’s Bazar. The incident took place in the Maricha area of Garjania union around 5:00 a.m. The deceased has been identified as Nezam Uddin, a resident of Khurushkul area under Sadar upazila of Cox’s Bazar. According to BGB Public Relations Officer Shariful Islam, a BGB patrol...
City Desk : Secretary General of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Indra Mani Pandey on Monday said a date has been proposed for the next Summit in Bangkok, Thailand later this year, awaiting approval from the member states. “The date for the 6th BIMSTEC Summit will formally be announced soon. It will have some significant outcomes. It will set a direction for the future of the BIMSTEC,” he told members of the Diplomatic...
City Desk : President Mohammed Shahabuddin asked the Comptroller and Auditor General (CAG) office to ensure transparent and accountable use of public funds. The President came up with the directive as a three-member delegation led by the Comptroller and Auditor General (CAG) of Bangladesh, Md Nurul Islam, handed over an audit and accounts report to him at Bangabhaban on Monday, reports BSS. President’s Press Secretary Md Joynal Abedin said that the President had instructed all relevant authorities to maintain transparency...
Business Report : The key index of the Dhaka Stock Exchange (DSE) bounced back on Monday, snapping a three-day losing streak. The DSEX, the benchmark index of the country’s prime bourse, rose 1.97 points, or 0.04 percent, to close at 5,235.63. Similarly, the DSES, the index that represents shariah-compliant companies, added 1.05 points, or 0.09 percent, to 1,138.31. However, the index of the blue-chip stocks, DS30, went down by 10.05 points, or 0.54 percent, to end the session at 1,856.99....
Court Correspondent : A Dhaka court on Monday issued arrest warrant against Md Siam Hossain, one of the prime suspects in lawmaker Anwarul Azim Anar murder case. Dhaka’s Additional Chief Metropolitan Magistrate Mahbubul Haque issued the order on Monday as the Investigation Officer (IO) of the case submitted a petition to issue a warrant against Siam on Sunday. In the application, the IO said that Siam was earlier arrested in Nepal in connection with the case. If an arrest warrant...
Italy defeated China 3-0 sets (25-23, 25-19, 25-16) in the FIVB Women’s Volleyball Nations League (VNL) on Sunday. Italy’s opposite spiker, Paola Ogechi Egonu, scored a game-high 16 points, followed by her teammate Myriam Fatime Sylla with 12 points and China’s Captain Yuan Xinyue, also with 12 points. “Italy is a strong team, and I think we first need to do better in the details,” Yuan said afterwards. With that foundation, she added, the team can then consider how to...
City Desk : USAID Deputy Assistant Administrator of the Bureau for Asia Anjali Kaur on Monday said prolonged exposure to...
Court Correspondent : A Dhaka court on Monday set August 4 for submission of the probe report in the case filed against former Chief Justice Surendra Kumar Sinha (SK Sinha) and his brother Ananta Kumar Sinha for laundering money. The Anti-Corruption Commission (ACC) filed the case as it found information that former Chief Justice Surendra Kumar Sinha (SK Sinha) had bought a three-storied building in the United States. Dhaka Metropolitan Sessions Judge As-Shams Jaglul Hossain passed the order as the...