Leading non-bank financial institutions' cost of funds rose amid monetary tightening, resulting in a lower profit in the first quarter through March this year, compared to the same quarter last year. Hence, the hikes in lending rates after the withdrawal of the 9 per cent rate cap could do l
The green chilli market has become volatile as its retail price shot up to Tk 200-240 a kilogram on Sunday. In a single day, the price of the spice went up by Tk 40-60 per kg. The egg price also maintained previous highs of Tk 150-165 a dozen, battering commoners further, market insiders said. T
Bangladesh may accept a proposed China buyer's credit in RMB, instead of the pricey US dollar, on softer terms than quoted for financing a project, including lowering the lending rate below 1.0 per cent. In response to Chinese proposal for disbursement of its loan in its currency, Bangladesh n
Businesses' worry over interest instability prompts the central bank to weigh playing the morality card to peg bank lending rate within 14 per cent, in an exigent paradigm shift. Officials say the Bangladesh Bank (BB) is now considering applying 'moral suasion' on the commercial banks to keep the
A Sub-Inspector of Khulshi Police Station in Chattogram city and his source were captured and handed over to police by locals near Khulshi’s Akhtaruzzaman Flyover area for stealing 17 bhoris of gold jewelry from an expatriate on Sunday afternoon (May 19). Each bhori equals 11.664 grams in th
Manchester City won an unprecedented fourth straight English top flight title with a 3-1 win over West Ham United on Sunday to pip rivals Arsenal on the final day of a thrilling Premier League season. Two glorious early goals from league player of the season Phil Foden created a party atmosphere i
China’s commerce ministry on Sunday launched an anti-dumping probe into POM copolymers, a type of engineering plastic, imported from the European Union, United States, Japan and Taiwan. The plastics can partially replace metals such as copper and zinc and have various applications including
Bangladesh High Commission in New Delhi and Deputy High Commission in Kolkata are in touch with the Ministry of External Affairs, India regarding reported missing of Anwarul Azim Anar, MP. "The Deputy High Commission in Kolkata has sent formal communication to the MEA Branch Secretariat in Kolkata
A teacher has been arrested for allegedly sodomising at least 30 minor boys in Shyampur Danshmari area under Motihar Police Station in Rajshahi city, police said on Sunday. The arrestee has been identified as Md Abdul Wakel, 33, a teacher at Ashraf Memorial Model School, Katakhali, Rajshahi. Wake
A Dhaka court on Sunday sent BNP’s International Affairs Committee member and former mayoral candidate of Dhaka South City Corporation, Ishraque Hossain, to jail by rejecting his bail petition in a case filed on charges of treason. Dhaka Metropolitan Sessions Judge Mohammad As-Shams Joglul H
That Malaysia once again is set to close its labour market to Bangladeshi migrant workers starting June 01 next highlights the danger of Bangladesh's flawed manpower export system in which fraudulent recruiting agencies enjoy free rein to exploit outbound workers. Although the authorities cited an
Amid media reports that the ethnic Arakan Army (AA) has seized control of the Buthidaung Township of the Rakhine State near Bangladesh border with the Myanmar junta's army in full retreat, the Asian Parliamentarians for Human Rights (APHR) has called upon the United Nations, ASEAN and wider interna
