Staff Reporter : Economists at a discussion on Thursday emphasized the need for a harmonised policy approach to control inflation and maintain economic growth for a sustainable future. The experts described the proposed budget for the financial year 2024-25 (FY’25) as “a budget full of good intentions but lacking clear directions.” The discussion, organized by the Research and Policy Integration for Development (RAPID) at the National Press Club, highlighted skepticism about the government’s ambitious target of raising private sector investments...
Day: June 14, 2024
Staff Reporter : The proposed budget for the fiscal year 2024-2025 (FY25) is not unrealistic, but requires business-friendly policy support for effective implementation, stated Al Shahriar Ahmed, President of the Bangladesh Garment Accessories and Packaging Manufacturers and Exporters Association (BGAPMEA), at a post-budget press conference in the capital. Ahmed emphasized the necessity of withdrawing new and increased duties on the export-oriented sector to facilitate the budget’s successful implementation. “We demand the withdrawal of all newly adopted and increased duties in...
Business Report : The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), added 13.17 points, or 0.25 percent,...
Staff Reporter : As Eid-ul-Azha approaches, the bustling streets of the capital are witnessing a surge of shoppers flocking to kitchen markets in a frenzied dash for spices and cooking essentials. With Eid scheduled for Monday, residents are making sure their kitchens are stocked with everything from spices to kitchen utensils. The spice shops in Karwan Bazar have become epicenters of activity, with crowds jostling to secure their supply of cinnamon, cumin, cardamom, cloves, and a variety of nuts including...
UNB : Miscreants looted Tk 29.40 lakh from the vault of the IFIC Bank’s Matidhali branch in Sadar upazila, Bogura district, on Thursday. Saihan Oliullah, in-charge of Bogura Sadar Police Station, reported that the bank officials had secured the money in the vault on Wednesday evening before leaving the premises. On Thursday morning, bank officials discovered the vault open and Tk 29,40,618 missing upon entering the bank. Notably, there was no security guard on duty at the bank, which is...
Staff Reporter : Huge numbers of clients have withdrawn cash from banks on Thursday, as it was the last working day before starting the holidays of Eid-ul-Azha. As per the bank officials statements, the transactions were 30. percent high on Thursday from business on regular working days. The holy Eid-ul-Azha, the biggest religious festival for Muslims, will be celebrated on Monday. Bank officials said there was a gigantic rush of customers in banks mainly to withdraw money. “A large number...
Business Report : Bangladeshis abroad have spent Tk507 crore using their credit cards in April of this year. Foreigners in...
Agency : Spain’s Rafa Nadal and Carlos Alcaraz will team up to play doubles at this year’s Olympics in Paris,...
AFP : Most of the victims in a deadly blaze that engulfed a block housing immigrant workers were from India, Kuwait’s foreign minister said on Thursday, raising the death toll to 50. Three Filipinos were among the dead, Philippines officials said, after the fire sent black smoke billowing through the six-storey building south of Kuwait City. Most of oil-rich Kuwait’s four million-plus population is made up of foreigners, many of them from South and Southeast Asia working in construction and...