Business Report : IPDC Finance announced its participation in the agreement signing ceremony for the third phase of the SME Foundation’s revolving fund loan disbursement program. This initiative aims to disburse an additional Tk450 crore in loans to cottage, micro, small, and medium enterprises (CMSMEs). The program is part of the prime minister’s stimulus package and the SME Foundation’s revolving fund, which is dedicated to supporting CMSMEs in Bangladesh in response to the challenges posed by the Covid-19 pandemic. Under...
Day: June 25, 2024
Staff Reporter : Stern legal action will be taken if instructions are issued to ban the foreign travel of individuals against whom corruption charges have surfaced, stated Inspector General of Police (IGP) Chowdhury Abdullah Al-Mamun. The IGP made this remark in response to a journalist’s question at the end of a rally celebrating the 110th anniversary of the Dhaka Range police at Segunbagicha in the capital on Monday (June 24). Addressing the query, IGP Al-Mamun clarified that the police cannot...
Staff Reporter : In a recent visit to New Delhi, Prime Minister Sheikh Hasina has solidified her nation’s strategic and diplomatic ties with India, signing multiple agreements aimed at fostering cooperation and mutual progress. The visit, lauded by officials as exceptionally productive, saw the signing of 10 Memorandums of Understanding (MoUs) and the announcement of 13 specific declarations. Obaidul Quader, the General Secretary of the Awami League and the Minister for Road Transport and Bridges, described the visit as “cordial,...
Al Amin : The government aims to collect revenue worth Tk18.51 lakh crore over the next three years, a target that may be challenging to meet without significant tax administrative reforms. This ambitious goal is set to address budget deficits and keep borrowing at manageable levels, according to Finance Ministry sources. Of this total, the National Board of Revenue (NBR) is expected to collect Tk16.64 lakh crore, with the remainder coming from non-tax revenue, according to the ministry’s projections. The...
AFP : Joe Biden and Donald Trump square off for a historic US presidential debate this week, with the stage...
Staff Reporter : Shahjahan Bhuiyan, 74, a much-talked executioner in Bangladesh, also the hangman for 26 convicts, including the killers...
Court Correspondent A Dhaka court on Monday rejected a five-day remand prayer for Jhenaidah Awami League leader Kazi Kamal Ahmed Babu alias Gas Babu in connection with the murder of Jhenaidah-4 lawmaker Anwarul Azim Anar in Kolkata of India. Metropolitan Magistrate Akhtaruzzaman of Dhaka CMM Court, later ordered law enforcers to send the accused to Jhenaidah District Jail within 10 working days. Md Mahfuzur Rahman, Investigation Officer of the case, was asked to run a drive in presence of a...
Staff Reporter : The elite force Rapid Action Battalion (RAB-1) has arrested Siam, the absconding accused in the Rifat murder case, who was found dead on the day of Eid in Turag River in Tongi, Gazipur. Accused Siam Ahmed (19) is the son of deceased Manju Mia of Mymensingh district. On Sunday night, a team of RAB-1 arrested the absconding accused Siam from Abdullahpur. RAB-1, Assistant Superintendent of Police, Assistant Director (Ops and Media Officer) Mahfuzur Rahman confirmed the matter...
Staff Reporter : The recent statement released by the Bangladesh Police Service Association (BPSA) has sparked a wave of protests from the newspaper industry, political parties, and corruption watchdog groups across the country. The statement has raised serious concerns about its implications for press freedom and democratic values. Representatives from the newspaper industry have expressed deep dismay, believing the statement could severely curtail press freedom in Bangladesh. On Monday, the Newspaper Owners Association of Bangladesh (NOAB) declared that such a...
Staff Reporter : Amid a forex crunch, the opening of letters of credit (LCs) for imports saw a marginal increase over the 11 months of the current financial year 2023-24. The total value of LC openings was $63.02 billion, compared to $62.08 billion during the same period in the previous fiscal year. However, LC settlements for imports decreased by 12 percent, totaling $60.79 billion compared to the corresponding period last year, according to data from the Bangladesh Bank. Experts attribute...
Staff Reporter : Public and private commercial banks owe Tk 51,391.89 crore to state-owned institutions including TCB, BADC, and Biman...