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Ex-MD of IFIC Bank fined over promotion of IFIC Aamar Bond

FE REPORT | 2025-12-04 00:00:00

The stock market regulator has fined a former managing director of IFIC Bank Tk 50 million for allowing the promotion of a bond issued by a real estate company using the bank's brand name.Shah Alam Sarwar, former managing director of...

2 shareholder-directors elected unopposed to DSE board

FE REPORT | 2025-12-04 00:00:00

Md Hanif Bhuiya and Md Sajedul Islam have been elected uncontested as shareholder-directors of the Dhaka Stock Exchange (DSE) for the next three years.They will replace Md Shakil Rizvi, managing director of Shakil Rizvi Stock, and Mohammad Shahjahan, managing director...

Regulator launches action against DBBL over related-party building purchase

MOHAMMAD MUFAZZAL | 2025-12-04 00:00:00

The securities regulator has initiated enforcement action against Dutch-Bangla Bank Ltd. (DBBL) over what it described as a conflict of interest linked to a plan to purchase a multi-storied building. On August 26, the bank's board of directors decided to...

EU plans to end its dependence on China for rare earths

2025-12-04 00:00:00

BRUSSELS, Belgium, Dec 3 (AFP): The EU on Wednesday releases its plan to try to end the 27-nation bloc's dependence on China for rare earths, as Beijing's stranglehold threatens key industries.China, the world's top producer of rare earths, in October...

Prime Bank hosted Annual Risk Conference 2025

2025-12-04 00:00:00

Prime Bank has recently hosted its Annual Risk Conference 2025 at Prime Tower in Nikunja, Dhaka, reaffirming its commitment to fostering a proactive risk culture and ensuring sustainable growth in alignment with regulatory standards. A.N.M. Moinul Kabir, Director of the...

Trust Bank signs MoU with CG Runner BD Limited

2025-12-04 00:00:00

Trust Bank PLC and CG Runner BD Limited, the official distributor of BYD Bangladesh, have recently signed an agreement at the office of CG Runner BD Limited. Under the agreement, BYD customers will be eligible for Trust Bank Auto Loans...

Global growth to slow to 2.6 pc in 2025: UN report

2025-12-04 00:00:00

GENEVA, Dec 3 (Xinhua): Global growth will slow to 2.6 percent in 2025, down from 2.9 percent in 2024, due to growing pressure from financial volatility and geopolitical uncertainty facing global trade and investment, the United Nations Trade and Development...

Supply shortfall results in sudden onion price hike

SULTANUL ISLAM | 2025-12-04 00:00:00

The country produced 4.4 million tonnes of onion in the 2024-25 growing season, exceeding the estimated demand of 3.5 million tonnes. However, there is now a shortage of onions, and the price has increased.The prices of locally produced onions have...

Leathertech 2025 begins today

2025-12-04 00:00:00

An international exhibition, 'Leathertech Bangladesh 2025,' showcasing the leather industry, footwear manufacturing machinery, various shoe components, chemicals, and ancillary products, will begin in Dhaka today, reports UNB.The three day expo will run from December 4 to 6 operating daily from...

Tender floated for Jan spot cargo

FE REPORT | 2025-12-04 00:00:00

Bangladesh is preparing to bring in its first spot liquefied natural gas cargo of 2026 as it seeks to manage rising demand amid tight domestic supply. The state-run Rupantarita Prakritik Gas Company Ltd (RPGCL), a subsidiary of Petrobangla, has issued...

JANATA BANK HOLDS 866TH BOARD MEETING

2025-12-04 00:00:00

Janata Bank PLC held its 866th board meeting on Wednesday, with Chairman of the Board of Directors Md Fazlur Rahman in the chair. The bank's directors Dr Md Abdus Sobur, Abdul Majeed Sheikh, Abdul Awal Sarkar, Dr Md Shahadat Hossain,...

ON-SITE ASSESSMENT OF RBS IMPLEMENTATION AT SONALI BANK

2025-12-04 00:00:00

Bangladesh Bank is going to implement Risk-Based Supervision (RBS) to further strengthen the banking sector. Under a pilot programme, a supervisory team from Bangladesh Bank conducted an on-site assessment of RBS implementation at the Sonali Bank PLC on Wednesday. MD...

EU agrees deal to ban Russian gas by autumn 2027

2025-12-04 00:00:00

BRUSSELS, Belgium, Dec 3 (AFP): European Union lawmakers and member states reached a deal Wednesday to ban all imports of Russian gas by autumn 2027, as the bloc seeks to choke off key funds feeding Moscow's war chest."This is the...

Gold steadies and silver eases from record high

2025-12-04 00:00:00

Gold prices steadied on Wednesday as traders awaited US economic indicators to gauge the Federal Reserve's policy direction while silver pulled back from a record high, reports Reuters.Spot gold fell 0.1 per cent to $4,203.58 an ounce by 1128 GMT...

Oil rises as Moscow peace talks fail to reach breakthrough

2025-12-04 00:00:00

LONDON, Dec 3 (Reuters): Oil prices climbed more than 1 per cent on Wednesday after Russia said talks with US officials in Moscow failed to reach a compromise on a potential Ukraine peace deal that could have eased sanctions on...

Toxic air causes over 200,000 respiratory illness in Delhi

2025-12-04 00:00:00

NEW DELHI, Dec 03 (AFP): New Delhi recorded more than 200,000 cases of acute respiratory illnesses at six state-run hospitals between 2022 and 2024, government numbers showed, highlighting the adverse effects of toxic air on health.Delhi, with its sprawling metropolitan...

Venezuela vilifies US-ordered 'forced sale' of oil co

2025-12-04 00:00:00

CARACAS, Dec 03 (AFP): Venezuela on Tuesday denounced what it called the "forced sale" of its most valuable overseas asset, oil company Citgo, after a US court authorized the transaction to pay off creditors.Citgo, a Houston-based subsidiary of Venezuela's PDVSA...

US halts immigration applications for 19 nations

2025-12-04 00:00:00

WASHINGTON, Dec 03 (AFP): The US government has halted immigration applications for citizens from 19 nations including Afghanistan, Yemen and Haiti, an official memorandum said Tuesday, deepening the nation's sweeping crackdown on migration.Authorities paused green card and citizenship processing, according...

Israel plans to open key Gaza border crossing

2025-12-04 00:00:00

JERUSALEM, Dec 03 (AP): Israel said Wednesday that partial remains returned by militants did not match the hostages remaining in Gaza, while it announced plans to reopen a key Gaza border crossing for the exit of Palestinians from the strip....

Kremlin denies Putin rejected all of US proposals

2025-12-04 00:00:00

MOSCOW, Dec 03 (BBC/AFP): The Kremlin says it is wrong to suggest President Vladimir Putin rejected all of US proposals for peace in Ukraine after talks with US negotiators in Moscow.Russian officials say the meeting was "constructive" but "no compromise"...

England face Australia in 2nd Ashes Test today

2025-12-04 00:00:00

England's unyielding faith in Bazball will be under scrutiny at a flood-lit Gabba from today (Thursday) as Ben Stokes's side confront their pink ball frailties and the spectre of a 2-0 Ashes deficit to Australia, reports Reuters.After surrendering a dominant...

Emon climbs 21 spots in ICC T20I rankings

2025-12-04 00:00:00

Bangladesh cricketers got rewarded for their strong performances in the recently concluded T20I series against Ireland. The updated ICC rankings, released on Wednesday, show notable improvements for several players.Opener Parvez Hossain Emon has made a significant jump, moving up 21...

Duffy puts New Zealand on top against West Indies

2025-12-04 00:00:00

CHRISTCHURCH, New Zealand, Dec 03 (AFP): A five-wicket haul by Jacob Duffy gave New Zealand a 64-run first-innings lead over the West Indies after the tourists all out for 167 in the first Test on Wednesday.At stumps on day two...

Sylhet go top of NCL with 10-wkt win over Rajshahi

2025-12-04 00:00:00

Despite a superb century of Pritom Kumar, Sylhet registered a 10-wicket victory over Rajshahi in the sixth round game of the 27th National Cricket League at Sylhet International Cricket Stadium today, reports BSS.The victory looked imminent after Sylhet gained a...

Woman killed, her niece injured by miscreants in Joypurhat

2025-12-04 00:00:00

JOYPURHAT, Dec 03 (UNB): A woman was killed and her niece was injured in an attack by miscreants at their house in Joypurhat Sadar upazila early Wednesday. The deceased was identified as Nurunnahar Begum, 47, a resident of Chirla village...

Rangpur Divisional Women's Sports Complex lies in neglect

OUR CORRESPONDENT | 2025-12-04 00:00:00

RANGPUR, Dec 03: It glitters outside but is hollow inside. Splendid Rangpur Divisional Women's Sports Complex was built in Rangpur city at a cost of Tk380 million (Tk 38 crore) in order to promote women's sports in Rangpur division. But...

Shadow entrepreneurship and its impact

2025-12-04 00:00:00

In recent years, Bangladesh has witnessed a sharp rise in shadow entrepreneurship, mainly due to the growth of online and home-based businesses. Platforms like Facebook and Instagram have made it easier for people-especially students, women, and young entrepreneurs-to start ventures...

Saving native fruits and seeds

2025-12-04 00:00:00

 Once, our land was rich in native fruits such as gab, orboroi, kaufol, golapjam, deua, and karmocha. Our land also produced traditional fragrant rice varieties like kalijira and rajashail. These fruits were natural sources of vitamins B and C, calcium,...

When teachers hold students hostage!

Atiqul Kabir Tuhin | 2025-12-04 00:00:00

Annual examinations in most government primary and secondary schools across the country have been thrown into disarray and uncertainty as several groups of teachers launched an indefinite strike on Monday to press home their various demands, including upgrading their posts...

Protecting child rights

2025-12-04 00:00:00

Endorsement of the Child Rights Manifesto (CRM)--- prepared jointly by children and young people with UNICEF support---by 12 political parties including the major ones likely to come to power through the upcoming election is quite a positive development. By signing...