(BSS/AFP) – A consumer inflation report due Friday could pave the way towards the US central bank’s first interest rate hike in more than three years, as the war with Iran drives energy costs higher. After data this week showed an uptick in wholesale inflation, all eyes are turning to the Labor Department’s consumer price index (CPI) report for details on how costs are filtering through the world’s biggest economy. A steady or higher inflation figure, particularly when volatile components are excluded, could nudge the Federal Reserve in the direction of raising interest rates as policymakers meet next week, analysts…
Author: diplomaticjourna_diplomaticjourna
(BSS)- Prime Minister Tarique Rahman today assured the countrymen that the country would soon overcome the gas and power crisis, saying the government is taking immediate measures and pursuing a long-term solar power plan to reduce energy import dependence. “So far, we were consumer of electricity generated from imported sources. If the government’s solar power generation plan is properly implemented, we will no longer be consumers of imported energy, we will be solar power producers,” he said. The Prime Minister said this in his valedictory speech in the third session of the 13th Jatiya Sangsad. Urging the opposition to present…
Iran said it attacked more than a dozen vessels trying to pass through the Strait of Hormuz on Wednesday, as it announced an expansion of a no-go zone outside the strategic waterway it has blockaded for months. The fresh attacks and fighting with the United States sent oil prices above $100 per barrel again as Tehran chokes off the strait and Washington presses a counter-blockade of Iranian ports. Brent oil closed at $101.21. Iran’s Revolutionary Guards said on Wednesday they attacked two US vessels, eight oil tankers, and 10 “non-compliant vessels” that were trying to pass through the route crucial…
Commerce, Industries and Textiles and Jute Minister Khandakar Abdul Muktadir today called on Hong Kong investors to increase their investment in Bangladesh, particularly in high-tech, green technology, renewable energy, light engineering, footwear and information technology sectors, offering special incentives available in the country’s economic zones. “Bangladesh is encouraging foreign investment to capitalise on new opportunities arising from economic growth and industrialisation,” he said. The minister made the call at a bilateral meeting with Dr Jacob Kam, Chairman of the Hong Kong General Chamber of Commerce (HKGCC), at the Bangladesh Consulate General in Hong Kong today, said a press release. During…
Local Government, Rural Development and Cooperatives Minister Dr Abdul Moyeen Khan, MP today said Prime Minister Tarique Rahman has initiated grassroots-level politics in Bangladesh. From 2001 to 2006, he (Tarique Rahman) organised the youth by going to haats and fields across the country, he said, adding that today’s BNP has been transformed as a result of that efforts. The minister said these while speaking as the chief guest at a discussion session of “Zia Smriti Boimela-2026”, organised by Zia Smriti Pathagar and Jatiyatabadi Prokashana Sangstha on the Bangla Academy premises marking BNP’s 48th founding anniversary. Speaking about Shaheed President Ziaur…
Prime Minister Tarique Rahman today said the government plans to replace diesel-powered irrigation pumps with solar-powered ones for farmers across the country within the next five years. “Wherever water pumps are currently operated by diesel, we will gradually convert all of them to solar power within the next five years, InshaAllah,” he said while replying to a supplementary question from Meherpur-1 lawmaker Md. Tajuddin Khan during the question-answer session in parliament this afternoon. Replying to the question whether the government had any plan to provide farmers with solar power free of cost instead of diesel-run engines for irrigation, the Prime…
(BSS) – Prime Minister Tarique Rahman today said the government is taking necessary measures based on the ‘White Paper’ prepared by the interim government on corruption over the past 17 years. “The interim government had formed a committee, and that committee published a White Paper or a report on various issues, particularly on the economy. If we look at it, we get a clear picture of what happened during that period,” he said while replying to a supplementary question from lawmaker Mobasher Alam Bhuiyan in the parliament this afternoon. The Prime Minister said the government is examining the findings of…
(BSS/AFP) – President Donald Trump on Wednesday promised $5,000 to every adult American if Republicans retain control of Congress in November, coupling the extraordinary claim with a plea for his supporters to “pretend” he was on the ballot. “If the Republicans win, you win with us and you get $5,000. It will be called the Trump dividend,” he told the Republican midterm convention in Dallas, as the party struggles in polls against the Democrats. The president did not say where the money would come from — with the theoretical bill likely topping $1 trillion — citing only that “our country…
The 48th founding anniversary of the Bangladesh Jatiyatabadi Mohila Dal will be observed tomorrow. On September 9, 1978, then-President Ziaur Rahman established the organisation with the aim of empowering women. Marking the founding anniversary, the party will pay tribute at the graves of Shaheed President Ziaur Rahman and former Prime Minister Begum Khaleda Zia at Zia Udyan in Sher-e-Bangla Nagar in the city at 10 am. BNP Acting Secretary General Advocate Ruhul Kabir Rizvi will attend the event as the chief guest. Besides, a colourful rally will be held on September 12 in front of the BNP central office at…
A Dhaka court today ordered the seizure of immovable assets worth Tk 57.61 crore owned by Nazrul Islam, former chairman of Far East Islami Life Insurance Company Limited, and his wife Taslima Islam. Judge Md Shahjahan Kabir of the Dhaka Metropolitan Senior Special Judge Court passed the order following an application filed by the Anti-Corruption Commission (ACC). The ACC said Nazrul owns immovable assets worth Tk 38.39 crore, while Taslima owns assets worth Tk 19.22 crore. The assets include land, houses, flats and residential plots in Dhaka, Munshiganj, Mymensingh, Patuakhali, Narayanganj and Gazipur. According to the ACC, Nazrul was allegedly…
