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ICB makes unexpected recovery in Q4, relying on dull market

Farhan Fardaus | 2024-11-19 00:00:00

State-run Investment Corporation of Bangladesh (ICB) showed a 58 per cent lower profit for FY24, compared to the year before. However, it made a remarkable recovery from a loss of Tk 2.67 billion in the first nine months through March...

Motorcyclist dies in Naogaon road accident

2024-11-19 00:00:00

NAOGAON, Nov 18 BSS): A motorcyclist was killed after being hit by a tractor in the Ghorabat Colony area under Dhamoirhat upazila here on Monday morning. The deceased was Harunur Rashid, 45, a resident of Baro Aria village under Hakimpur...

Businessman stabbed dead in Bhairab

2024-11-19 00:00:00

KISHOREGANJ, Nov 18 (UNB): A businessman was stabbed to death by a youth in Bhairab of Kishoreganj on Sunday night. The deceased was identified as Harun-ur-Rashid, 35, a fabric trader and son of late Gias Uddin Mia of Santupar village....

Target set to collect 3,000 tonnes molasses from date palm trees in Chuadanga

2024-11-19 00:00:00

CHUADANGA, Nov 18 (UNB): As winter approaches, the traditional practice of date palm trees for sap has begun as Chuadanga is renowned for its quality date palm sap and molasses, a winter staple.The molasses of Chuadanga, known for its unique...

Arabica coffee hits fresh 13-year high

2024-11-19 00:00:00

LONDON, Nov 18 (Reuters): Arabica coffee futures on ICE hit fresh 13-year highs on Monday amid concerns over supplies in central and south America, and uncertainty on the regulatory front, while cocoa retreated somewhat from last week's stellar rally.COFFEEMarch arabica...

Gold rebounds as dollar rally pauses

2024-11-19 00:00:00

Gold prices rebounded on Monday, having posted losses in the previous six sessions, with gains driven by a pause in the US dollar's rally, while investors await comments from the Federal Reserve officials for clarity on the interest rate trajectory,...

Spirit Airlines files for bankruptcy protection

2024-11-19 00:00:00

Spirit Airlines filed for bankruptcy protection, it said on Monday, after the pioneer of no-frills travel in the United States struggled with a long run of quarterly losses, failed merger attempts and looming debt maturities, reports Reuters.The Florida-based airline said...

Oil prices tick higher as Russia-Ukraine tensions escalate

2024-11-19 00:00:00

LONDON, Nov 18 (Reuters): Oil prices edged up on Monday after fighting between Russia and Ukraine intensified over the weekend, although concerns about fuel demand in China and forecasts of a global oil surplus weighed on markets.Brent crude futures were...

Schools closed in Beirut after Israeli air strikes

2024-11-19 00:00:00

JERUSALEM, Nov 18 (AFP): The Israeli military said about 30 projectiles were detected crossing from Lebanon into Israel on Monday, with the country's air defence system intercepting some of them."Following the sirens that sounded a short while ago in the...

Iran hopes for nuclear talks sans 'political pressure'

2024-11-19 00:00:00

TEHRAN, Nov 18 (AFP): Iran said Monday it hoped talks on its nuclear programme would be conducted "away from political pressure and considerations" ahead of a UN nuclear agency board meeting this week."All our efforts and our emphasis in our...

EU top diplomat has 'no more words' on ME suffering

2024-11-19 00:00:00

BRUSSELS, Nov 18 (AFP): The European Union's outgoing top diplomat Josep Borrell said Monday he had "no more words" to describe the situation in the Middle East, before chairing his last planned meeting of the bloc's foreign ministers."I exhausted the...

Biden allows Kyiv to use US missiles against military targets inside Russia

2024-11-19 00:00:00

KYIV, Nov 18 (AFP/Reuters): US President Joe Biden has cleared Kyiv to use long-range American missiles against military targets inside Russia, a US official told AFP on Sunday, hours after Russia targeted Ukraine's power grid in a deadly barrage.The official,...

Reflections on India-Bangladesh relations

Pranay Verma | 2024-11-19 00:00:00

Our relationship with Bangladesh is long-standing and unique. We are linked by a shared history, a shared geography, in addition to a common language and culture. We both seek, and value, a relationship based on mutual trust and understanding, and...

Bronchiolitis in children: A growing concern

2024-11-19 00:00:00

As winter approaches, we are witnessing a rise in respiratory illnesses among children in hospital wards and daily medical practice. Among these cases, bronchiolutis stands out as a significant concern in infants and young children.Recent media reports indicate a surge...

Small loans, big dreams

2024-11-19 00:00:00

Microfinance, introduced by Nobel Laureate Dr. Muhammad Yunus, offers a groundbreaking solution to combat poverty and empower marginalised communities, particularly women. It provides small, collateral-free loans to individuals who lack access to traditional banking, enabling them to invest in businesses,...

Must Buriganga die?

Syed Fattahul Alim | 2024-11-19 00:00:00

The days are not far off when people will talk about Buriganga river in the past tense. There is still a stretch of narrow water body called Buriganga which was 45 kilometres long when the Bangladesh Water Development Board (BWDB)...

Data manipulation by autocratic regime

Helal Uddin Ahmed | 2024-11-19 00:00:00

The committee formed by the interim government to prepare a white paper on Bangladesh economy has reportedly found evidences of fraudulent practices and widespread manipulation of official data by the ousted fascist regime. It only reinforces the long-held view of...

Impacts of 4IR on employment

2024-11-19 00:00:00

People the world over have kept their fingers crossed about the consequences and impacts of the Artificial Intelligence (AI)-driven 4th Industrial Revolution (4IR). Machine intelligence has suddenly pulled off spectacular successes in businesses, customer service, office works, decision making, application...

COP16 on biodiversity: an appraisal

Hasnat Abdul Hye | 2024-11-19 00:00:00

The acronym COP (Conference of Parties) has come to be associated with the annual summit on climate change with such automatic conditioned reflex that other conferences held under the same rubric are easily confused with the former or ignored altogether....

CPD projects three economic risk factors for next two years

FE REPORT | 2024-11-18 12:00:00

A local think tank has projected three key risk factors for Bangladesh's economy for the next two years - inflation, an economic downturn, and poverty coupled with inequality.The Centre for Policy Dialogue (CPD) also highlighted 17 major issues hindering business...

The urgency of climate finance: Is the world ready to commit?

2024-11-18 12:00:00

BAKU, Nov 17 (Arab News): As global leaders gather in Baku for the COP29 UN climate change conference, the focus on climate finance has never been more pressing. This year's conference theme, "Accelerating Climate Action for Sustainable Development," suggests that...

Petroleum product distributors' business overshadowed by fixed income

Farhan Fardaus | 2024-11-18 12:00:00

Petroleum and lubricant product distributors in the country witnessed a significant year-on-year jump in profit in FY24 as their non-operating income shot up amid rising interest rates. Of the four listed distributors, Eastern Lubricants experienced a 25.34 per cent year-on-year...

Total curfew imposed in India’s Manipur as tension escalates

2024-11-18 00:00:00

MANIPUR, Nov 17 (UNB): A curfew was imposed in the Imphal West and Imphal East districts of Manipur this morning, with internet services suspended in seven districts following a surge in protests triggered by the discovery of six bodies in...

Dengue toll rises to 415 so far this year

2024-11-18 00:00:00

Eight more deaths were reported from dengue in 24 hours till Sunday morning, raising the number of fatalities from the mosquito-borne disease in Bangladesh to 415 this year, report agencies.In the recent fatalities, 7 were reported in the Dhaka South...

Bankers have 27 holidays in 2025

2024-11-18 00:00:00

Employees of banks and financial institutions will enjoy a total of 27 holidays in 2025, according to the holiday schedule finalised by the Bangladesh Bank, reports bdnews24.com.Of the holidays, eight coincide with Fridays and Saturdays.The central bank has sent the...

India seeks stable, positive ties with BD, says Envoy

FE Report | 2024-11-18 00:00:00

Indian High Commissioner to Bangladesh Pranay Verma on Sunday said India will continue to seek a stable, positive and constructive relationship with Bangladesh in which people of both countries are the main stakeholders. He was addressing a session in the...

LC margin on imports of Ramadan essentials eased

2024-11-18 00:00:00

Bangladesh Bank (BB) has relaxed the LC margin on import of 11 types of products which demand increases during the holy month of Ramadan, reports UNB.The products are rice, wheat, onion, pulses, edible oil, sugar, eggs, chickpeas, peas, spices and...

Denmark's Theilvig crowned Miss Universe 2024

2024-11-18 00:00:00

MEXICO CITY, Nov 17 (AFP): Victoria Kjaer Theilvig was crowned Miss Universe on Saturday, the first contestant from Denmark to achieve the honor.The 21-year-old dancer, entrepreneur, and animal rights activist beat out more than 120 contestants in the pageant's 73rd...

$1.25b remittances come in 16 days of November

SAJIBUR RAHMAN | 2024-11-18 00:00:00

Bangladesh received a substantial $ 1.25 billion in remittances through legal channels during the first sixteen days of November.The daily average reached over $78.44 million as of November 16, up from $72.77 million recorded until November 9, according to data...

Labour unrest puts huge strain on RMG industry

MONIRA MUNNI | 2024-11-18 00:00:00

The labour unrest that broke out in Ashulia in late August and spilled over to Gazipur has put enormous impacts on the billion-dollar garment industry, according to sector insiders.The impacts include shift in work orders to other places inside and...