FE Today Logo

Search results for:


Man stabbed to death in Savar

2024-10-30 00:00:00

SAVAR, Oct 29 (UNB): A 38-year-old man was stabbed to death by miscreant on the Savar New Market area highway early Tuesday.The deceased was identified as Md Asaduzzaman, son of Abu Bakar Siddique of Taraganj in Rangpur.Savar Model Police Station...

Three to die for killing mother, daughter in Habiganj

2024-10-30 00:00:00

HABIGANJ, Oct 29 (UNB): A Habiganj court on Tuesday sentenced three people to death in a case filed for killing a woman and her daughter in 2021.Additional District and Sessions Judge Mohammad Yeasir Arafat handed down the punishment.The condemned convicts...

Gaibandha farmers fear low Aman yield

2024-10-30 00:00:00

OUR CORRESPONDENTSThe farmers of Gaibandha district fear a loss in Aman cultivation this season as cyclone 'Dana' has impacted the paddy farming just before its harvest.On other hand, bumper Aman production and fair price have brought smile on the faces...

Zorzi, Stubbs hit maiden tons to keep Tigers at bay

2024-10-30 00:00:00

CHATTOGRAM, Oct 29 (AFP): Tony de Zorzi and Tristan Stubbs put South Africa in command on 307-2 and left Bang-ladesh floundering after day one of the second and final Test in Chattogram on Tuesday.Both men made their maiden Test hundreds...

BANK ASIA SIGNS AGREEMENT WITH SHEBA.XYZ

2024-10-30 00:00:00

BANK ASIA SIGNS AGREEMENT WITH SHEBA.XYZBank Asia signed an agreement with Sheba.xyz on Tuesday. Zishan Ahammad, head of cards at Bank Asia, and Ronald Micky, chief operating officer of Shaeba.xyz, signed the agreement in a ceremony at the cards department...

MSCI reports strong Q3 profit amid increased demand for financial products

2024-10-30 00:00:00

Index provider MSCI on Tuesday reported a rise in its third-quarter profit helped by robust demand for its products and services, reports Reuters.The Federal Reserve's recent decision to cut the benchmark interest rate for the first time in four years...

Ford shares fall 6pc as supply snags and costs hurt profit forecast

2024-10-30 00:00:00

Ford Motor shares fell 6 per cent on Tuesday after the automaker tempered its full-year profit forecast, blaming supplier disruptions and warranty costs amid a global price war fueled by overcapacity, reports Reuters.It expects 2024 adjusted earnings before interest and...

Nasir Uddin Ahmed elected as BIA president

2024-10-30 00:00:00

Nasir Uddin Ahmed (Pavel), the first vice-president of Bangladesh Insurance Association (BIA), was recently elected as the president of the association after the previous president, Sheikh Kabir Hossain, resigned citing a health reason. Nasir Uddin, who will stay in office...

Robin becomes new chairman of Jamuna Bank

2024-10-30 00:00:00

Robin Razon Sakhawat took charge as the chairman of Jamuna Bank on Monday, according to a statement. In 2009, he obtained a bachelor's degree in financial engineering from Goethe University, Frankfurt, Germany. He became the director of Robintex Group, a...

BRAC Bank's profit grows 70pc on higher income from govt securities

FE REPORT | 2024-10-30 00:00:00

BRAC Bank secured an impressive 70 per cent year-on-year growth in profit to Tk 4.2 billion in the third quarter (Q3) this year, driven by substantial income from investment in government securities.Its consolidated earnings per share (EPS) stood at Tk...

Google among investors putting $110 million into Nigeria's Moniepoint

2024-10-30 00:00:00

LAGOS, Oct 29 (Reuters): Nigeria based fintech Moniepoint has raised $110 million in new funding from investors including Google to scale up digital payments and banking solutions across Africa, the company said on Tuesday.Moniepoint started operations in 2015 providing infrastructure...

Prime Bank's profit jumps 45pc in Q3

2024-10-30 00:00:00

Prime Bank posted a 45 per cent growth in profit after tax to Tk 5.1 billion in the third quarter (Q3) through September. The board of directors of the bank adopted its Q3 un-audited financial statements at a board meeting...

Unilever Consumer Care sees lower profit as demand falls

2024-10-30 00:00:00

FE REPORTUnilever Consumer Care endured a 49 per cent year-on-year decline in profit to Tk 159 million in the third quarter through September this year as its sales plummeted. The quarterly income was the lowest in four years. In the...

Brokers advise against labelling of stocks

Mohammad Mufazzal | 2024-10-30 00:00:00

Brokers of the Dhaka bourse have demanded the removal of the existing categorisation of securities, saying it creates scope of manipulation in the secondary market.The DSE Brokers Association (DBA) on Monday sent a letter to the Bangladesh Securities and Exchange...

GP secures income growth despite fall in revenue amid unrest, floods

FE REPORT | 2024-10-30 00:00:00

Grameenphone's revenue dropped 3.8 per cent year-on-year to Tk 39.5 billion in the third quarter this year due to a sharp fall in data revenue amid July unrest, internet shutdown and unprecedented floods in several regions.GP reported a degrowth of...

China ready to launch crew to space station

2024-10-30 00:00:00

JIUQUAN (China) Oct 29 (AP): China said all systems are ready to launch the next crew to its orbiting space station early Wednesday, the latest mission to make the country a major space power.The two men and one woman will...

Yemen's Houthi rebels target ship in the Bab el-Mandeb Strait off Red Sea

2024-10-30 00:00:00

DUBAI (United Arab Emirates) Oct 29 (AP): Yemen's Houthi rebels targeted a ship traveling through the narrow Bab el-Mandeb Strait off the Red Sea on Monday, though it escaped undamaged, authorities said.The attack ended an 18-day lull in reported assaults...

N Korea, Russia send shockwaves with Ukraine war moves

2024-10-30 00:00:00

MOSCOW/SEOUL Oct 29 (Reuters): North Korea's foreign minister arrived in Russia on Tuesday for talks as the Russia-Ukraine war appeared to take a dangerous new turn, with NATO and South Korea expressing alarm that North Korean troops could soon be...

Copper rebounds on hope for fiscal stimulus in China

2024-10-30 00:00:00

LONDON, Oct 29 (Reuters): Copper prices bounced on Tuesday after a Reuters report gave investors renewed hope that top metals consumer China will unleash a large fiscal stimulus package.Three-month copper on the London Metal Exchange (LME) gained 0.8 per cent...

QatarEnergy takes 50pc stake in TotalEnergies solar project in Iraq

2024-10-30 00:00:00

DUBAI, Oct 28 (Reuters): QatarEnergy, one of the world's top suppliers of liquefied natural gas, said on Monday it had agreed to take a 50 per cent stake in TotalEnergies' 1.25-gigawatt solar project in Iraq.The French energy giant will retain...

Palm oil jumps over 2pc on low inventory

2024-10-30 00:00:00

KUALA LUMPUR, Oct 29 (Reuters): Malaysian palm oil futures rose more than 2 per cent on Tuesday, after two sessions of decline, lifted by expectations of reduced palm production and low inventory in the country.The benchmark palm oil contract for...

US election uncertainty, rate cut bets pin gold near record levels

2024-10-30 00:00:00

Gold prices hovered near all-time high levels on Tuesday, aided by US election uncertainty and expectations of an interest rate cut by the US Federal Reserve in November, while focus was also on a series of economic data, reports Reuters.Spot...

Oil prices climb as US reserve bid lends support

2024-10-30 00:00:00

Oil prices rose more than 1% on Tuesday, reversing some of the previous session's 6% tumble, as a US plan to buy oil for the Strategic Petroleum Reserve (SPR) provided some support though wider concerns about weaker future demand growth...

The state of global financial architecture

Hasnat Abdul Hye | 2024-10-30 00:00:00

War and conflicts involving countries have always affected the way they trade among themselves and pay for the same, using reserve currencies. The trading and financial order prevailing before the second world war having become dysfunctional, some would say functious...

Choice for pets over people

2024-10-30 00:00:00

Many young people in Bangladesh are turning to pets for companionship, a trend influenced by social changes and mental health needs. As cities grow and life becomes busier, young individuals often find themselves living alone or with smaller families, which...

Digitise banking service on CU campus

2024-10-30 00:00:00

Despite the widespread use of information technology throughout the country, the banking activities at the University of Chittagong (CU) still rely on analogue systems. As a result, university students are facing numerous challenges, particularly when it comes to depositing admission...

The option is for e-tax submission

Syed Mansur Hashim | 2024-10-30 00:00:00

The online tax return festival is all set to go far beyond the parameter drawn before. Policymakers think that simplifying tax filing procedure online will inevitably draw in a lot more people who will get enrolled in filing taxes regularly....

In search of reliable data

Wasi Ahmed | 2024-10-30 00:00:00

Who could tell one of the key issues on the reform agenda of the interim government would be statistical data! Yet, this is indeed the case, as businesses and economists consider this a prerequisite for ensuring the decisions and plans...

Ending executive's power over judiciary

2024-10-30 00:00:00

In a welcome development, the Chief Justice (CJ) is reported to have sent a proposal recently to the Ministry of Law, Justice and Parliamentary Affairs for setting up a separate secretariat for the judiciary. Understandably, the objective of the proposal...

Fall Fitness: Outdoor activities to enjoy in the cooler weather

Umme Habiba | 2024-10-30 00:00:00

Physical activities become less intimidating and more pleasurable as the summer's intense heat gradually disappears and a more relaxed winter breeze takes hold. The more extraordinary temperature fall adorns the surroundings with its natural beauty, making outdoor activities more fun...