Proper steps restoring economy to track : MCCI

Business Desk"Bangladesh's economy is now rebounding from the Covid-19 shocks due to the time-befitting steps of the government alongside implementation of the stimulus packages", said the Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI), adding that some major challenges are there in some areas for maintaining its growth momentum.The challenges are - slow implementation of the government's development projects, unemployment situation, lower investment trend and sluggish growth of tax-revenue income, the trade-body opined in its Review of Economic Situation in Bangladesh for the last October-December period (Q2 of FY 21) on Thursday."Turning to FY 21, economic conditions seem to have been gradually improving after the easing of restrictions in late May 2020, supported by the government policies."The MCCI said the major macro-economic indicators like inward remittance, foreign currency reserve, money supply and inflation remained satisfactory durin...

JS panel for finding causes of losses in sugar mills

The eighth meeting of the Parliamentary Standing Committee on the Ministry of Industries was held on Thursday at the Jatiya Sangsad (JS) Bhaban with committee chairman Amir Hossain Amu in the chair, reports BSS.Committee members Industries Minister NurulMajid Mahmud Humayun, State Minister Kamal Ahmed Majumder, AKM FazlulHaque, Abu Reza Muhammad Nejamuddin, Mohammad Shahiduzzaman, KajimUddinAhmmed and shafiul Islam joined the meeting, said an official press release.The meeting had an elaborate d...

Bitcoin slumps 6pc, heads for worst week since March

Bitcoin fell over 6% on Friday to its lowest in two weeks as a rout in global bond markets sent yields flying and sparked a sell-off in riskier assets, Reuters reports.The world’s biggest cryptocurrency slumped as...

MoU signed between BWDB, BDRCS

A Memorandum of Understanding (MoU) was signed between Flood Forecasting and Warning Centre (FFWC) of Bangladesh Water Development Board (BWDB) under the Ministry of Water Resources and Bangladesh Red Crescent Society (BDRCS) on Tuesday, stated a press release issued by BWDB. The MoU was signed at the Pani Bhaban Conference Room of BWDB in the capital’s Panthapath area. Feroz Salah Uddin, Secretary General of Bangladesh Red Crescent Society signed the MoU on behalf of BDRCS and Engr Md Nurul Amin, Chief Engineer signed on behalf of BWDB.This MoU will increase mutual cooperation between BDRCS and BWDB’s Flood Forecasting & Warning Center (FFWC) in implementing Forecast-based Financing/ Action (FbF/A) programmes for taking necessary early action before any floods in Bang...

BNP’s Jahidur Rahman takes oath

Rafique to lead Bangladesh Legends in Road Safety Series

AgenciesRoad Safety World Series set to start from March 5 in Chhattisgarh, Raipur, India as former cricketers from India, West Indies, South Africa, Sri Lanka and England will be seen playing in the upcoming tournament. However, Bangladesh made a late entry and will participate in the six team tournament.Bangladesh Legends got the opportunity to play in place of Australia, who withdrew the event due to Covid-19 restrictions. Mohammad Rafique will lead the Bangladesh veteran’s team, apart from Rafique, former cricketers including Abdur Razzak, Khaled Mashud Pilot, Khaled Mahmud Sujon, Javed Omar Belim, Rajin Saleh, Nafees Iqbal and Aftab Ahmed.Bangladesh side will depart on February 28 to play the series. Everyone in the squad has to be corona negative before boarding the plane to India. After reaching there, the cricketers will have to stay in quarantine for two days. At the end of the two-day quarantine, the cricketers will play behind closed door.Bangladesh Cricket Board’s (BCB) newly appointed team selector and former left-arm spinner Razzak thrilled to be participating in such a tournament.“Of course it's a good feeling, whatever the game is, it always feels good. I will be able to play with all the former players. I have played with almost all of them. It will be good to play again.” Razzak told Cricfrenzy on Thursday.Javed Omar and Rafique had a great time in recently concluded Legends Champions Trophy, who had a great time with bat and ball, Rafique was named as the best player of the tournament. Razzak believes that Bangladesh will get s...

Propaganda galore against tourism development

When our government is trying to reshape and promote the tourism industry for the socio-economic enhancement of the country, a group of ill-motivated people are spreading propagandas to put a halt to ...

Quality seeds needed to boost jute production

The government has taken a move to keep pace with the growing demand for jute production. Proper measures will be taken to ensure the supply of quality jute seeds which will meet the target and increase production in the current season.While the qual...

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