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Sylhet phase of BPL kicks off today

2025-01-06 00:00:00

The Sylhet phase of the Bangladesh Premier League (BPL) Cricket begins at the Sylhet International Cricket Stadium in Sylhet today (Monday), reports UNB.League leader Rangpur Riders will play home team Sylhet Strikers in the first match at 1:30 pm while...

PayPal accused of racial bias against Asian Americans

2025-01-06 00:00:00

NEW YORK, Jan 5 (Reuters): PayPal has been sued by an Asian American businesswoman who accused the digital payments company of racial bias for restricting part of a $535 million investment program to Black and Hispanic applicants, costing her millions...

US manufacturing PMI rises to nine-month high

2025-01-06 00:00:00

WASHINGTON, Jan 5 (Reuters): US manufacturing moved closer to recovery in December, with production rebounding and new orders rising further, but the outlook remains uncertain amid the threat of higher tariffs that could raise prices of imported raw materials.Despite the...

Indonesia signs 15.6m kilolitres biodiesel allocation for 2025

2025-01-06 00:00:00

JAKARTA, Jan 5 (Reuters): Indonesia Energy and Mineral Resources Minister signed a decree on Friday allocating 15.6 million kilolitres (KL) of biodiesel for 2025 distribution, while giving the industry until the end of next month to adapt to the higher...

China seeks to bolster ports and aviation hubs in western regions

2025-01-06 00:00:00

China said on Sunday it would launch 15 measures to bolster the development of its western provinces with the construction of logistical infrastructure such as ports and aviation hubs, reports Reuters.The General Administration of Customs said the measures would enhance...

BADC CHAIRMAN INSPECTS JUTE SEED PRODUCTION ACTIVITIES

2025-01-06 00:00:00

Chairman of Bangladesh Agriculture Development Corporation (BADC) Md. Ruhul Amin Khan has been inspecting the activities of the corporation in various regions of the country to bring dynamism to BADC's operations. As part of this initiative, the Chairman recently visited...

AGRANI BANK HOLDS VIEW-EXCHANGE MEETING IN JASHORE

2025-01-06 00:00:00

Agrani Bank PLC held a view-exchange meeting in Jashore on Saturday to discuss business strategies, deposit and remittance collection, loan distribution for SME sector and strengthening of loan recovery activities. The bank's Chief Executive Officer Md Anwarul Islam was present...

SpaceX's Starship to deploy mock satellites in next test

2025-01-06 00:00:00

WASHINGTON, Jan 5 (Reuters): Elon Musk's SpaceX said on Friday its upcoming Starship test flight would include the rocket's first attempt to deploy payloads in space by releasing 10 model Starlink satellites, a key demonstration for Starship's potential in the...

Algerian entrepreneurs keen to invest in Bangladesh: Envoy

2025-01-06 00:00:00

Algerian entrepreneurs are keen to invest in the country as the North African nation wants to strengthen economic ties with Bangladesh.Algerian Ambassador in Dhaka Adelouahab Saidani made the remarks when he called on Commerce Adviser Sk Bashir Uddin at his...

DIRD Composite served show-cause notice for failing to clear due wages

FE REPORT | 2025-01-06 00:00:00

The Department of Inspection for Factories and Establishments (DIFE) has issued a show-cause notice to DIRD Composite Textiles as the company failed to clear employee dues of Tk 70 million despite receiving loans facilitated by the labour ministry.It issued the...

BRAC BANK LAUNCHES CLIENT SERVICE UNIT FOR SEAMLESS INTERNATIONAL TRADE

2025-01-06 00:00:00

BRAC Bank has opened a dedicated Client Service Unit to facilitate international trade for its valued Corporate and Institutional customers. Tareq Refat Ullah Khan, Acting Managing Director and CEO of BRAC Bank, formally inaugurated the Service Unit at the bank's...

GRAMEENPHONE TEAM MEETS SOUTHEAST BANK MD

2025-01-06 00:00:00

A delegation led by Grameenphone Head of Large Corporate M. Shaon Azad paid a courtesy visit to Southeast Bank Managing Director (MD) Nuruddin Md. Sadeque Hossain at the bank's head office in the capital. Senior officials from Southeast Bank were...

MTB FOUNDATION donates BLANKETS TO THE POOR

2025-01-06 00:00:00

Mutual Trust Bank (MTB) Foundation, as part of the bank’s corporate social responsibility, recently handed over blankets to Cadet College Club for distributing among the underprivileged affected by winter in different regions of the country. Rais Uddin Ahmad, deputy managing...

IPO of Borak Real Estate rejected on suspicion of inflated earnings

FARHAN FARDAUS | 2025-01-06 00:00:00

The stock market watchdog has recently rejected an IPO proposal of Borak Real Estate amid a dried-up IPO flow, owing to concerns that earnings might have been inflated to influence the price of primary shares. The real estate developer was...

METLIFE AWARDS BEST INSURANCE AGENCY FOR 2024

2025-01-06 00:00:00

Sumon Agency of Noakhali district has been recognised as the 'Best Agency of 2024' by MetLife Bangladesh. It received the recognition for its contribution to raising awareness about life insurance, utilising digital technology, providing satisfactory customer service, and creating employment...

AL-ARAFAH ISLAMI BANK DISTRIBUTES BLANKETS TO CCC CLEANING STAFF

2025-01-06 00:00:00

Al-Arafah Islami Bank distributed blankets among the cleaning staff of the Chattogram City Corporation (CCC) on Friday as part of its Corporate Social Responsibility (CSR) activities. CCC Mayor Dr Shahadat Hossain was present as the chief guest while Managing Director...

SOCIAL ISLAMI BANK PROVIDES AGRI FINANCE AT SUBARNACHAR

2025-01-06 00:00:00

Social Islami Bank distributed agricultural finance at 4% profit rate among 400 soybean and chili cultivators in Subarnachar, Noakhali, on Saturday. Maksuda Begum, Vice Chairman, Social Islami Bank, was present as the chief guest and Morshed Alam Khondoker, Independent Director...

Petrobangla gets new chairman-

2025-01-06 00:00:00

Additional Secretary Md Rezanur Rahman has joined Bangladesh Oil, Gas & Mineral Corporation (Petrobangla) as its chairman on deputation on January 2. Prior to his new role, Mr Rahman has served as Additional Secretary in the Power Division, says a...

Asian spot LNG prices gain on Europe gas outlook uncertainty

2025-01-06 00:00:00

SINGAPORE, Jan 5 (Reuters): Asian spot liquefied natural gas (LNG) prices rose last week to a one-month peak, as the expiry of a transit deal for Russian gas through Ukraine caused uncertainty in Europe's gas outlook.The average LNG price for...

Pakistan urged to increase imports from Bangladesh

2025-01-06 00:00:00

Commerce Adviser Sheikh Bashir Uddin on Sunday urged the Pakistan High Commissioner to take an initiative to import more products from Bangladesh.He made the call when Pakistan High Commissioner Syed Ahmed Maroof met him in his office at the Secretariat...

UKBCCI urges govt to set up agri-based EPZ

FE REPORT | 2025-01-06 00:00:00

UK Bangladesh Catalysts of Commerce & Industry (UKBCCI) urged the government to set up special agriculture-based Export Processing Zone (EPZ) aiming to facilitate the sea food export, food processing and green farming.The leaders of UKBCCI sought the support during a...

Mitigation measures must ‘focus on accessories and packaging’

FE REPORT | 2025-01-06 00:00:00

Measures to mitigate post-graduation challenges for the ready-made garment industry will not bring any desired result unless they address the issue of potential barriers faced by the garment accessories and packaging industry.Locally-made RMG products will lose their current duty-free market...

Flower festival

2025-01-06 00:00:00

A month-long flower festival started in Chattogram on Saturday. It is taking place at the green and water-filled Faujdarhat DC Park in the port city. The park has been decorated aesthetically with flowers of a whole range of shapes, sizes...

Making DVS efficient

2025-01-06 00:00:00

The Document Verification System (DVS) is now integrated with the RJSC name clearance portal and the Electronic Government Procurement (e-GP) system. So, company and firm information will be inducted into DVS from RJSC system. When an auditor seeks company information,...

Price hike of rice in peak harvesting season

Neil Ray | 2025-01-06 00:00:00

A fresh spurt in rice price right in the peak harvesting time is unexpected but not ruled out altogether. It may happen if the harvest is very poor and there is no arrangement for supplementing the anticipated shortfall of the...

Future of the nation depends on interim govt's success

Syed Fattahul Alim | 2025-01-06 00:00:00

Security issues in public life have taken a nosedive in recent months. Financial insecurity of the people at the moment, though, is not of recent origin. In fact, it is a legacy from the past, ousted government. But far from...

Let bus rationalisation plan be successful

2025-01-06 00:00:00

As Dhaka's population keeps swelling and traffic jam worsens, the need for an orderly, safe and passenger-friendly bus service cannot be overemphasised. The majority of the city's residents rely on local buses for their day-to-day commute, but the service has...

Implanting education through climate finance

Muhammad Zamir | 2025-01-06 00:00:00

Education is under threat as multiple crises push children out of school and into harm's way. In this regard it has been pointed out that COP29 could have broken the historical barriers that hold back education from playing a unique,...

Goldman forecasts decline in Iranian oil supply

2025-01-06 00:00:00

Goldman Sachs on Friday predicted a modest decrease in Iranian crude oil production as a result of expected policy changes and tighter sanctions from the administration of incoming US President Donald Trump, reports Reuters.The investment bank's base case anticipates a...

Airbus delivered 765 jets in 2024

2025-01-06 00:00:00

PARIS, Jan 3 (Reuters): Airbus missed its headline delivery target by a whisker in 2024, provisionally releasing more than 765 jets to airlines and lessors, industry sources said, citing preliminary data.Airbus notionally delivered more than 122 planes in December, bringing...