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Finance adviser optimistic on taming inflation

FE REPORT | 2024-08-15 00:00:00

Finance and Planning Adviser Dr Salehuddin Ahmed on Wednesday expressed optimism about bringing down inflation "at a rational time", saying steps were being taken to curb the menace."Inflation has increased over the months due to various reasons. But it won't...

Bangladesh's banking sector risks elevate

FE REPORT | 2024-08-15 00:00:00

S&P Global Ratings on Wednesday said the political situation in Bangladesh has exacerbated the banking industry's frailties, including weak liquidity, thin capital buffers, and ailing asset quality."We see risk of policy inaction and a potential slowdown in financial reforms," said...

Salman, Anisul on 10-day remand over instigating hawker killing

FE REPORT | 2024-08-15 00:00:00

A Dhaka court on Wednesday placed Salman F Rahman, the private industry and investment affairs adviser to former prime minister Sheikh Hasina, and former law minister Anisul Huq on a 10-day remand, both of whom are accused in a murder...

Deposed PM Hasina sued in three more cases

FE REPORT | 2024-08-15 00:00:00

At least three more cases have been filed against deposed Prime Minister Sheikh Hasina on charges of crimes against humanity, genocide, murders and abductions during her rule. Her cabinet members and police high-ups are co-accused in the cases filed Wednesday...

Depoliticise chambers for fair deals, urge businesses

FE REPORT | 2024-08-15 00:00:00

A business meet Wednesday urged a purge in Bangladesh's trade-promotions organisations, including the apex chamber, to ensure fair trade and commerce in a political interference-free ambiance. Saying that the chambers and associations are now politicized, business leaders at the post-upsurge...

Two die as jeep plunges into Rangamati ditch

2024-08-15 00:00:00

RANGAMATI, Aug 14 (BSS): Two people were killed and six others injured as a jeep plunged into a ditch on the Bilaichari-Rajasthali border road in Pankata Chara area under Rajasthali upazila of the district on Tuesday night.The deceased were identified...

One gets life-term in C’nawabganj drugs case

2024-08-15 00:00:00

CHAPAINAWABGANJ, Aug 14 (BSS): A Chapainawabganj court on Tuesday afternoon sentenced one person to life-term imprisonment and fined him Tk 50,000 for two years more to suffer in jail in default.The convicted person was Belal Hossain, 35, son of late...

Organic fertilisers vital to boost crop yield, protect soil health

2024-08-15 00:00:00

RAJSHAHI, Aug 14 (BSS): Wide-ranging promotion of liming and organic manures can be the crucial means of boosting cropping yield coupled with protecting soil health from further degradation caused by indiscriminate chemical fertilisation in the region, including its vast Barind...

Service seekers suffer as most UZ chairmen in Syhet absconding

OUR CORRESPONDENT | 2024-08-15 00:00:00

SYLHET, Aug 14: A vacuum in local government service has been prevailing as most of the upazila (UZ) chairmen in Sylhet have remained in hiding since after the resignation of Sheikh Hasina as prime minister and her fleeing on August...

Ritwik Ghatak's ancestral house demolished

ANAET KARIM | 2024-08-15 00:00:00

RAJSHAHI, Aug 14: The last trace of internationally renowned filmmaker and director Ritwik Kumar Ghatak has been erased in Rajshahi as the authorities of a homeopathic college demolished the rest of his ancestral home at Miapara area in the city.Earlier...

Egypt plans to add 30GW of renewable energy capacity

2024-08-15 00:00:00

RIYADH, Aug 14 (Arab News): Egypt aims to save $4.1 billion annually in fuel costs by adding 30 gigawatts of new renewable energy capacity, as revealed in a recent government meeting.This initiative is part of the country's larger strategy to...

UBS to sell Credit Suisse's US mortgage servicing business

2024-08-15 00:00:00

ZURICH, Aug 14 (Reuters): UBS on Tuesday agreed to sell Credit Suisse's US mortgage servicing business, UBS Chief Financial Officer Todd Tuckner said on Wednesday, without naming the buyer.Tuckner, who was speaking on a call with analysts following publication of...

N Zealand cuts rates for first time in four years

2024-08-15 00:00:00

WELLINGTON, Aug 14 (AFP): New Zealand's central bank cut interest rates Wednesday for the first time in four years as worldwide efforts to rein in inflation draw to an end, though officials offered a warning about the global economic outlook.The...

Reliance, Disney offer concessions to win antitrust nod for India media merger

2024-08-15 00:00:00

NEW DELHI, Aug 14 (Reuters): Reliance and Walt Disney have offered to sell some channels to win faster antitrust approval for their $8.5 billion India media assets merger, but are resisting changes to cricket broadcast rights they own, two sources...

New Chairman of the Chittagong Port Authority

2024-08-15 00:00:00

New Chairman of the Chittagong Port Authority (CPA), Rear Admiral S.M. Moniruzzaman, met with the former officials of the port on Wednesday. The Retired Port Officers Welfare Association (RPOWA) greeted the new CPA chairman with a bouquet.

UK annual inflation rises first time this year

2024-08-15 00:00:00

LONDON, Aug 14 (AFP): Britain's annual inflation rate rose in July for the first time this year and is now back above the Bank of England's target, official data showed on Wednesday.The Consumer Prices Index (CPI) climbed 2.2 percent in...

Workers strike at world's biggest copper mine in Chile

2024-08-15 00:00:00

SANTIAGO, Aug 14 (BSS): Workers at the world's largest copper mine in Chile are striking after pay talks with Australian resources giant BHP fell apart, casting a shadow of uncertainty Wednesday over the market for the commodity.The Escondida mine in...

Bank accounts of ex-home minister Asaduzzaman Khan, family seized

2024-08-15 00:00:00

The Bangladesh Financial Intelligence Unit (BFIU) has ordered the seizure of the bank accounts of formar home minister Asaduzzaman Khan, his wife Lutful Tahmina Khan, and their son and daughter, reports bdnews24.com.The BFIU issued the order on Tuesday.According to the...

Benapole-Khulna-Mongla commuter train resumes operation

2024-08-15 00:00:00

KHULNA, Aug 14 (BSS): The Khulna-Benapole-Mongla commuter train has started its operation today after 11 days shut down during quota reforms in government services and anti-discrimination students' movement.The Rail Way authority stopped the operation on Khulna-Benapole-Mongla route from last July...

Delta Life Insurance Company distributed umbrellas

2024-08-15 00:00:00

Delta Life Insurance Company Limited distributed umbrellas among the students of anti-discrimination movement and policemen controlling traffic at Gulshan-2 in the city on Tuesday. The students were working tirelessly to control traffic defying rain or shine. Delta Life EVP (HR)...

IFIC Bank PLC -

2024-08-15 00:00:00

IFIC Bank PLC Managing Director Syed Mansur Mustafa spoke at the MD's Town Hall Meeting at the Multipurpose Hall of IFIC Tower in Dhaka on Wednesday.

Rupali Bank gets new chairman

2024-08-15 00:00:00

Former deputy governor of Bangladesh Bank Nazrul Huda has been appointed as Director and Chairman of Rupali Bank PLC. The government has appointed this experienced banker as chairman of the state-owned Rupali Bank for a term of 3 years. The...

New principal coordinator named for SDGs at CA's office

2024-08-15 00:00:00

Lamiya Morshed has been appointed as the Principal Coordinator for Sustainable Development Goals (SDGs) affairs at the office of the Interim Government's Chief Adviser Prof Muhammad Yunus with the status of a senior secretary on a contractual basis, reports UNB.The...

No alternative to overhauling BFIU, ACC, relevant institutions: TIB

2024-08-15 00:00:00

Transparency International Bangladesh (TIB) has emphasized that there is no alternative to strengthening and comprehensively reforming institutions to effectively combat corruption and money laundering and to ensure accountability by identifying those involved in such crimes, reports UNB.Despite substantial evidence of...

Help to rebuild economy, keep business out of politics, CA tells RMG industry

2024-08-15 00:00:00

Professor Muhammad Yunus, Chief Adviser of the interim government, called on the country's garment manufacturers on Wednesday to support the rebuilding of Bangladesh after 15 years of economic plunder under the dictatorship of Sheikh Hasina, reports UNB.Speaking to the leaders...

Gold hovers near all-time high, US inflation data on radar

2024-08-15 00:00:00

Gold prices hovered near record highs on Wednesday, steered by expectations of a Federal Reserve rate cut and persistent Middle East tensions, while the spotlight shifted to U.S. inflation data, reports Reuters.Spot gold was up 0.4 per cent to $2,474.04...

Brent oil holds above $80 as fears over Middle East ease

2024-08-15 00:00:00

LONDON, Aug 14 (Reuters): Oil prices were broadly steady on Wednesday, as concerns that conflict may spread in the Middle East and threaten production in one of the world's major regions for crude production eased slightly.Brent crude futures slipped 10...

News in Brief -2024-08-15

2024-08-15 00:00:00

Yemen government urges UN to moveto its Aden base after Huthi attackDUBAI, Aug 14: The Yemeni government has called on the United Nations to move to second city Aden after Huthi rebels seized its office in the capital Sanaa and...

Israeli strikes kill at least 17 in Gaza

2024-08-15 00:00:00

GAZA, Aug 14 (AP): Palestinian health officials say Israeli strikes across the Gaza Strip overnight and into Wednesday killed at least 17 people, including five children and their parents.The latest strikes came on the eve of new talks aimed at...

Taliban celebrating 3 years in power

2024-08-15 00:00:00

KABUL, Aug 14 (AP): The Taliban celebrated the third anniversary of their return to power at a former U.S. air base in Afghanistan on Wednesday, but there was no mention of the country's hardships or promises of hope for the...