Day: June 12, 2024
NN Online Report: A Dhaka court today framed charges against Nobel laureate Prof Muhammad Yunus and 13 others in a...
Staff Reporter : The government has approved the import of 40MW of hydroelectricity from Nepal using India’s national grid under a direct purchase method for the next five years. The cost per unit of this electricity will be Tk8.17. Bangladesh will import this power from Nepal after completing formal agreements and other necessary procedures with the respective countries. The decision was made at the Cabinet Committee on Government Purchase (CCGP) meeting held at the Cabinet Division in the Bangladesh Secretariat...
Staff Reporter : The FY 2024-25 budget was anticipated to include significant reforms, but no such guidelines were provided, Humayun Rashid, President of the International Business Forum of Bangladesh (IBFB), stated on Tuesday. “The economy of the country is going through a transitional period. I expected more reforms in the budget to implement the goal of Smart Bangladesh. But I did not get the guidelines for reform,” Rashid remarked during a discussion meeting titled “Budget 2024-25: Expectations and Achievements” held...
Business Report : In 2023, Bangladesh witnessed nearly 3 million local threats targeting local organizations. This is according to the latest data from global cybersecurity company, Kaspersky. Business solutions from Kaspersky blocked a total of 2,900,000 local infections during the period of January to December last year, said a press release. Statistics on local infections of user computers are an important indicator of the overall cyberthreat landscape. They include objects that penetrated the target computer through infecting files or removable...
Business Report : After 10 months of its launching, the number of registration to the Universal Pension Scheme (UPS) crossed 3,03,176. The pension scheme was initially launched in four titles namely – ‘Probash’, ‘Pragati’, ‘Surokkha’ and ‘Samota’. Later, a new and fifth scheme titled ‘Prottoy’ has been introduced for the officials and employees of the self-governed, autonomous and state-owned enterprises which will come into effect for the staff of such bodies joining from 1 July. The number of registrations for...
Business Report : Sweden looks forward to enhancing trade with Bangladesh as the country is becoming an attractive market and investment destination, alongside the Bay of Bengal emerging as a significant part of the Indo-Pacific region, said Swedish officials. “Not only is Bangladesh one of the world’s fastest growing economies, being a strategically located and cost-competitive alternative in the Asia-Pacific region, but it also offers a substantive domestic market with a growing middle-class,” Swedish officials said in a message marking...
Bangladesh is in the throes of a crippling gas crisis, affecting homes, industries and vehicles that run on compressed natural gas. This two-week ordeal began when a vital Liquefied Natural Gas (LNG) terminal in Cox’s Bazar was shut down due to Cyclone Remal. The impact is undeniable – residents struggle to cook meals, long queues clog CNG stations, disrupting commutes for auto-rickshaw drivers, and factories face closures due to gas shortages. Businesses, already grappling with rising inflation, are now forced...
Staff Reporter : Bangladesh Railway has decided to operate 10 pairs of trains on different routes to ease the journey for holidaymakers traveling to their hometowns to celebrate Eid-ul-Azha with their families. These special trains will start running on Wednesday, ahead of Eid-ul-Azha, the largest religious festival for the Muslim community, which will be celebrated on June 17. According to the action plan of Bangladesh Railway, the “Chandpur Eid Special” will run on the Chittagong-Chandpur-Chittagong route for seven days starting...
Badrul Huda Sohel : Among many, two recent reports on banking arena published in different media have deepened our concern...
BBC : Police in China have arrested a 55-year-old man after four US university tutors were stabbed by an assailant at a public park in a rare attack on foreigners. The Iowa Cornell College instructors are in hospital after a “serious incident” during a daytime visit to the park in the northern province of Jilin, a college statement said. Iowa Representative Adam Zabner said his brother, David, was one of the four instructors injured in the incident, which he described...
