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Asian markets diverge in thin trade, with AI impact in focus

2025-01-31 00:00:00

HONG KONG, Jan 30 (AFP): Asian equities were mixed in another holiday-thinned trading day Thursday, with investors digesting broadly positive tech earnings that came days after the upheaval caused by China's DeepSeek explosion onto the global AI scene.With most markets...

Tesla shares rise on plans for cheaper EVs, autonomous vehicle

2025-01-31 00:00:00

Tesla shares rose about 3 per cent before the bell on Thursday as plans to roll out cheaper electric vehicles and paid autonomous car services by the automaker that missed Wall expectations for fourth quarter lifted investor sentiment, reports Reuters.With...

Union Bank holds board meet-

2025-01-31 00:00:00

The 17th board meeting of newly-formed board of directors of Union Bank PLC was held at the bank's head office in the city on Thursday. Chairman of the bank Md Fariduddin Ahmed presided over the meeting. Chairman of the Risk...

SHAHJALAL ISLAMI BANK ORGANISES 'ANNUAL BUSINESS CONFERENCE-2025'

2025-01-31 00:00:00

Shahjalal Islami Bank organised its 'Annual Business Conference-2025' on Thursday at Ocean Paradise Hotel and Resort in Cox's Bazar. The Conference was presided over by the bank's Managing Director Mr. Mosleh Uddin Ahmed, while the Chairman of the board of...

PRIME BANK SIGNS CASH MANAGEMENT AGREEMENT WITH DABUR BANGLADESH

2025-01-31 00:00:00

Prime Bank recently signed an agreement with Dabur Bangladesh Private Ltd. to provide a comprehensive cash management solution. Under this agreement, Dabur will avail of PrimePay to initiate all types of domestic disbursements and will also utilise bank's countrywide branch...

SOUTHEAST BANK LAUNCHES VISA SIGNATURE CREDIT CARD

2025-01-31 00:00:00

Southeast Bank officially launched its 'Premium Visa Signature' credit card designed to offer exclusive privileges to high-net-worth individuals, corporate professionals, and frequent travelers in Bangladesh. The launching event took place at the bank's head office in the capital, with distinguished...

MUTUAL TRUST BANK INKS DEAL WITH DEWAN FASHION WEARS LTD.

2025-01-31 00:00:00

Mutual Trust Bank (MTB) recently signed an agreement with Dewan Fashion Wears Ltd. for providing payroll banking service to its employees. Managing Director and Chief Executive Officer Syed Mahbubur Rahman; and Managing Director of Dewan Fashion Wear Ltd Md. Kabir...

Sonali Bank signs deal with Govt Primary School Teachers Welfare Trust

2025-01-31 00:00:00

Sonali Bank PLC signed an agreement with Government Primary School Teachers Welfare Trust (GPSTWT) to collect all types of charges-fees through the Sonali Payment Gateway, says a press release. The signing ceremony was held at the Directorate of Primary Education...

MJL Bangladesh earns 37pc more in Q2, on higher revenue, cost cuts

FE REPORT | 2025-01-31 00:00:00

Listed Lubricant seller MJL Bangladesh showed a 36.62 per cent year-on-year rise in profit to Tk 1.04 billion in the second quarter through December of FY25, supported by higher revenue and a reduction in costs. During the time, revenue grew...

Best Holdings reports profit plunge, blames it on political instability

FE REPORT | 2025-01-31 00:00:00

Best Holdings, which has been falling on the Dhaka bourse since listing, experienced a further decline in profit in October-December (Q2) of FY25.Its consolidated profit plunged 97 per cent year-on-year in Q2 of FY25. The profit had slumped at the...

BSTI's mobile court fines Sunon Int'l

2025-01-31 00:00:00

An unauthorised company called 'Sunon International' of Keraniganj BSCIC has been producing mosquito coils for using chemicals harmful to human health without getting approval of Bangladesh Standards and Testing Institution (BSTI). BSTI Executive Magistrate Kaniz Fatima Liza fined Tk 0.1...

India braces for warmer February, wheat crop at risk, sources say

2025-01-31 00:00:00

MUMBAI, Jan 30 (Reuters): India is set to see above-average temperatures in February, with key wheat- and rapeseed-growing states likely to see maximum temperatures up to 5 degrees Celsius above average on some days in a risk to crops, two...

Valentine’s at Hotel Sarina Dhaka

2025-01-31 00:00:00

The month of Love, February is here and Hotel Sarina Dhaka is all set to celebrate Valentine's fanfare in line with Valentine's offerings on February 14, 2025, says a press release. This time hotel Sarina's concept is the 'Love In...

Oil dips, focus on Trump tariff threats

2025-01-31 00:00:00

LONDON, Jan 30 (Reuters): Oil prices slipped for a second day on Thursday after US crude stockpiles rose more than expected, though attention remained on tariffs threatened by US President Donald Trump on Mexico and Canada, the two largest suppliers...

Pubali Bank launches co-branded card with Diabetic Association of BD

2025-01-31 00:00:00

Pubali Bank PLC has launched a co-branded card with Diabetic Association of Bangladesh (BADAS). The launching ceremony was held at Diabetic Association of Bangladesh. A K Azad Khan, National Professor and President of Diabetic Association of Bangladesh and Mohammad Anisuzzaman,...

Bangladesh Bank set to unveil monetary policy as rate speculation swirls

2025-01-31 00:00:00

Bangladesh Bank (BB) is set to unveil its new monetary policy for the next six months in February, foregoing an increase in the policy rate amid concerns over the rising cost of production and sluggish private sector credit growth, officials...

news in brief -2025-01-31

2025-01-31 00:00:00

Japan protests UN calls to allowwomen on imperial throneTOKYO, Jan 30: Japan said it would not fund a UN women's rights committee and suspended a member's visit over calls for the nation to change its male-only imperial succession rules. Chief...

US girl shot dead by dad in Pakistan over videos

2025-01-31 00:00:00

ISLAMABAD, Jan 30 (BBC): A man who recently moved his family back to Pakistan from the US has confessed to killing his teenage daughter because he disapproved of her TikTok videos, police have told the BBC.Anwar ul-Haq was charged with...

Sharaa made Syria president for transition

2025-01-31 00:00:00

DAMASCUS, Jan 31 (Reuters): Syria's de facto leader Ahmed al-Sharaa was declared president for a transitional phase on Wednesday, tightening his hold on power less than two months after he led a campaign that toppled Bashar al-Assad.Sharaa was also empowered...

Man who burned Quran 'shot dead in Sweden'

2025-01-31 00:00:00

STOCKHOLM, Jan 30 (BBC): A man who sparked violent protests after burning the Quran has been shot dead in Sweden, according to local media reports.Salwan Momika, 38, is reported to have been killed in an apartment in Södertälje, Stockholm, on...

Iran ready for N talks if West is 'serious'

2025-01-31 00:00:00

TEHRAN, Jan 30 (AFP): Iran is ready to discuss its nuclear programme if Western countries show they are "serious", the foreign ministry spokesman was quoted as saying in an interview published on Thursday."We have said several times that we are...

Israel airstrike kills 10 Palestinians

2025-01-31 00:00:00

GAZA, Jan 30 (Reuters/BBC/AFP): An Israeli airstrike on Wednesday killed at least 10 Palestinians in the occupied West Bank, the Palestinian health ministry said, in an attack which the Israeli military said targeted armed militants.The airstrike was in the area...

Khawaja slams maiden double ton as SL toil continues

2025-01-31 00:00:00

GALLE, Sri Lanka, Jan 30 (AFP): Australia had Sri Lanka three down after opener Usman Khawaja's first double century and a ton on debut by Josh Inglis helped the tourists to 654-6 declared in the first match on Thursday.Sri Lanka...

Air Chief Marshal Hasan Mahmood Khan posing with the winners of 'the 1st UCB Golf Tournament 2025'

2025-01-31 00:00:00

Chief of Air Staff of the Bangladesh Air Force and Chief Patron of Shaheen Golf and Country Club Patenga Air Chief Marshal Hasan Mahmood Khan posing with the winners of 'the 1st UCB Golf Tournament 2025'at a closing and prize...

New-look Champions League produces jeopardy, but giants survive

2025-01-31 00:00:00

PARIS, Jan 30 (AFP): European football body UEFA hailed the "more dynamic" new format of the Champions League as a huge success after the first phase concluded on Wednesday while all of the continent's biggest clubs survived to reach the...

Khulna beat Rangpur to keep BPL playoff hopes alive

2025-01-31 00:00:00

Khulna Tigers kept its Bangladesh Premier League (BPL) playoff hopes alive after beating Rangpur Riders by 46 runs at Sher-e-Bangla National Cricket Stadium in the city on Thursday, reports BSS.Opener Naim Sheikh smashed his maiden ton in the BPL to...

Two new trains to run from Feb 1

OUR CORRESPONDENT | 2025-01-31 00:00:00

COX'S BAZAR, Jan 30: Two new trains will run regularly on Chattogram-Cox's Bazar railway route from February 1, connecting the port city and the tourist town.Railway sources said Probal Express and Saikat Express would run four times a day on...

Cropland losing fertility for unabated top-soil extraction

OUR CORRESPONDENT | 2025-01-31 00:00:00

CHANDPUR, Jan 31: Fertility of arable land is on decline due to mindless extraction of top-soil from the land in different places of Chandpur district.Thumbing nose at the government rules, a section of unscrupulous traders have been lifting top-soil from...

Fostering an entrepreneurial ecosystem

2025-01-31 00:00:00

The entrepreneurial landscape in our country has witnessed a notable growth in recent years, with start-ups emerging in diverse sectors, including e-commerce, e-business, agri-tech, education technology and so on. However, much more needs to be done to establish a sustainable...

Tackling RMG sector's challenges

2025-01-31 00:00:00

A key pillar of Bangladesh's economy, the ready-made garment (RMG) industry is currently grappling with several challenges that could threaten its long-term viability. Recessions in major economies such as the US and the EU have led to a decline in...