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India beat BD in T20 series opener

FE DESK | 2024-10-07 00:00:00

India won by 7 wickets (with 49 balls remaining) in their first Twenty20 cricket match of the current series against Bangladesh at the Shrimant Madhavrao Scindia Cricket Stadium in Gwalior on Sunday.Batting first, Bangladesh scored 127 all out. In reply,...

Pedestrians, especially the elderly, risk their lives while crossing over

2024-10-07 00:00:00

Pedestrians, especially the elderly, risk their lives while crossing over the central reservation of Mayor Hanif Flyover amid fast-moving traffic. The snap was shot in Dhaka's Tikatuli area on Sunday. — FE Photo

Yields on T-bills fall slightly _

FE REPORT | 2024-10-07 00:00:00

The yields on two types of treasury bills (T-bills) fell slightly on Sunday as banks expressed willingness to invest their excess liquidity in short-term securities.The cut off yield, generally known as interest rate, on the 91-day T-bills came down to...

Remittance inflow $425m in five days of October

2024-10-07 00:00:00

Bangladesh received inward remittance of US $ 425 million in five days of October, showing an uptrend of $100 million remittance flow year-on-year, reports UNB.According to Bangladesh Bank's latest update, the expatriates sent $325 million remittance during the same period...

US backs food security project in Bangladesh

FE REPORT | 2024-10-07 00:00:00

The U.S. Trade and Development Agency (USTDA) has announced it awarded a feasibility study grant to Bonton Foods Limited (Bonton Foods), a Bangladeshi prepared foods and cold chain services company, to support deployment of a temperature-controlled logistics network of cold...

Jul-Aug uprising fatalities revised up to 736

FE REPORT | 2024-10-07 00:00:00

The health ministry on Sunday published a list of 736 people killed during the student-led anti-discrimination movement in July-August this year. The ministry unveiled the updated draft list of the casualties on its website keeping it open for further revision.Earlier...

Remove buses, trucks older than 20-25 years from roads

FE REPORT | 2024-10-07 00:00:00

The environment ministry on Sunday said it has taken initiative to remove buses and trucks older than 20 and 25 years respectively from roads and make emission testing mandatory in issuing fitness certificates for vehicles.The ministry has sent a letter...

Tarique Rahman to face his cases following legal process

FE REPORT | 2024-10-07 00:00:00

BNP acting chairperson Tarique Rahman will face all the cases filed against him through due legal process, said his lawyer Barrister Kayser Kamal. In a briefing on the Supreme Court premises on Sunday, Barrister Kayser, also Legal Affairs Secretary of...

Saber Hossain Chowdhury arrested

2024-10-07 00:00:00

Dhaka Metropolitan Police have arrested former minister Saber Hossain Chowdhury in Dhaka, reports bdnews24.com.He was picked up from Gulshan on Sunday, DMP's spokesperson Muhammad Talebur Rahman said in a message to the media.He faces charges in a case filed in...

BTTC suggests halving RD on sugar imports

FE REPORT | 2024-10-07 00:00:00

Bangladesh Trade and Tariff Commission (BTTC) on Sunday suggested halving the regularity duty (RD) on sugar imports, from existing 30 per cent to 15 per cent to keep the prices of the staple in the market under control during the...

CPD estimates loss and damage worth Tk 144.2b

YASIR WARDAD | 2024-10-07 00:00:00

The severe flooding that devastated the country's eastern region in August has caused losses and damages worth at least Tk 144.1 billion (US$1.23b), according to a latest study.The flood, mainly caused by the sudden release of river dam water by...

Prayer Timings (2024-10-07)

2024-10-07 00:00:00

Marches across US mark Gaza war anniversary

2024-10-07 00:00:00

WASHINGTON, Oct 6 (AFP): Thousands marched in US cities from Washington to Los Angeles on Saturday, demanding an immediate ceasefire as the war in Gaza nears the one-year mark, with a man attempting to self-immolate in protest.The marches were part...

Downtrend in startup funding for poor links

SAIF UDDIN | 2024-10-07 00:00:00

Funding in local startup companies has shrunk in recent times for factors like poor international affiliation of many founders, failure to follow global-standard operations and limited country branding, according to insiders.The unavailability of a dedicated policy as well as local...

UK to help ACC bring back illicitly transferred funds

FE REPORT | 2024-10-07 00:00:00

The British delegation assured the Anti-Corruption Commission (ACC) of their full support in repatriating any illicitly transferred funds from the UK back to Bangladesh.The assurance was given during a meeting between the ACC and a four-member delegation from the British...

Nonbanks also freed from SMART fetters in interest fixing

FE REPORT | 2024-10-07 00:00:00

Now non-bank financial institutions (NBFIs) are also freed from the fetters in interest fixing, five months after disbanding the SMART-centric interest-fixing mechanism on the money market, giving all the lenders a freeplay. The Department of Financial Institutions and Markets (DFIM)...

Six financially distressed banks squeeze corporate tax

DOULOT AKTER MALA | 2024-10-07 00:00:00

Six financially distressed banks pose a significant challenge for the revenue authority in achieving its corporate tax-collection target for the current fiscal year as their submissions so far plummeted into a pit.Tax officials have reported a precipitous 73.48-per cent fall...

Leather sector leaders seek CETP problem fixing forthwith

FE REPORT | 2024-10-07 00:00:00

Leather-sector leaders Sunday urged the government to make the central effluent-treatment plant (CETP) functional to facilitate their business that holds huge export potential.Leaders of Bangladesh Finished Leather, Leathergoods and Footwear Exporters' Association (BFLLFEA) made the request at a meeting with...

German govt sees another recession this year

2024-10-07 00:00:00

FRANKFURT, Oct 06 (AFP): The German government has slashed its forecast and now expects Europe's largest economy to shrink for a second year running as hopes for a consumption-driven recovery fizzle out, media reported Sunday.The economy ministry sees the German...

VW CEO: Chinese automakers should be allowed to avert ariffs by investing in EU

2024-10-07 00:00:00

FRANKFURT, Oct 6 (Reuters): The CEO of German carmaker Volkswagen said the European Union should consider adjusting planned tariffs against China-made electric vehicles to make allowances for investments made in Europe."Instead of punitive tariffs this should be about mutually giving...

Mercedes-Benz fined $7.3 mn for harassment of Brazil workers

2024-10-07 00:00:00

RIO DE JANEIRO, Oct 5 (AFP): A Brazilian labour court said Friday it had ordered German automaker Mercedes-Benz to pay the equivalent of $7.3 million in damages for discrimination and harassment suffered by workers at a factory in Sao Paulo...

Sri Lanka approves controversial foreign debt deal

2024-10-07 00:00:00

COLOMBO, Oct 5 (AFP): Sri Lanka's new government has approved a controversial restructure of $14.7 billion in foreign commercial credit tentatively agreed by its predecessor, the finance ministry said Saturday.Former leader Ranil Wickremesinghe announced a deal with international sovereign bondholders...

ALOHA INAUGURATES NEW COURSE

2024-10-07 00:00:00

Aloha Bangladesh recently inaugurated a new course 'Aloha Geometry Land' and awarded certificates to the winning students participating in the Aloha International Competition in Dhaka.

UTTARA BANK HOLDS BUSINESS DEV CONFERENCE

2024-10-07 00:00:00

Uttara Bank PLC held 'Business Development Conference-2024' at a hotel in Dhaka on Saturday. Azharul Islam, Chairman of the Board of Directors of the bank, was present as the chief guest. The conference was presided over by Managing Director &...

NRB BANK HOLDS BUSINESS REVIEW MEETING

2024-10-07 00:00:00

The Year-to-Date Business Review Meeting 2024 of NRB Bank PLC was held at the Corporate Head Office in Dhaka on Saturday with the slogan 'Horizon of unlimited possibilities'. Mohammed Mahtabur Rahman, Chairman of the bank, was present as the chief...

TRAINING COURSE OF SHAHJALAL ISLAMI BANK

2024-10-07 00:00:00

Shahjalal Islami Bank PLC organised a 36-day Foundation Training Course for newly recruited 32 Probationary Officers at the bank's Training Academy. Managing Director of the bank Mosleh Uddin Ahmed inaugurated the Foundation Training Course as the chief guest on Sunday....

TRUST BANK SIGNS BANCASSURANCE AGREEMENT WITH ASTHA LIFE

2024-10-07 00:00:00

Trust Bank has signed an agreement with Astha Life Insurance Company Limited to commence the sale of insurance policies through Bancassurance. This agreement will enable Trust Bank customers to buy insurance products of Astha Life directly from the bank. Ahsan...

PRAN RECEIVES ICSB AWARD

2024-10-07 00:00:00

Agricultural Marketing Company Ltd. (AMCL-PRAN), a listed company on the stock exchange, won the Institute of Chartered Secretaries of Bangladesh (ICSB) award for its outstanding corporate governance practices as well as transparency and accountability in overall management. ICSB presented the...

ADN TELECOM BAGS ICSB AWARD

2024-10-07 00:00:00

ADN Telecom Limited has been honoured with the prestigious 'Silver Award' at the 11th ICSB National Award for Corporate Governance Excellence, 2023. The award is a distinctive recognition of ADN Telecom's unflinching commitment to upholding the principles of corporate governance...

LAFARGEHOLCIM WINS ICSB AWARD

2024-10-07 00:00:00

LafargeHolcim Bangladesh PLC has been honoured with the prestigious 'Gold' Award, the top recognition under the Manufacturing Sector category, at the 11th Institute of Chartered Secretaries of Bangladesh (ICSB) National Award ceremony held at a city hotel on Saturday. The...