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Launch of first-ever ETF foiled as investors show apathy

MOHAMMAD MUFAZZAL | 2024-12-10 00:00:00

The possibility of the country's first-ever ETF (exchange traded fund) vanished into thin air for incomplete subscriptions even after the second-time time extension. LankaBangla Asset Management, which had proposed LB Multi Asset Income ETF, had the subscription time extended to...

Copper jumps to nearly one-month high

2024-12-10 00:00:00

LONDON, Dec 9 (Reuters): Copper prices jumped on Monday to the highest in nearly a month after top metals consumer China said it would take more action to boost its lethargic economy.The three-month copper contract on the London Metal Exchange...

Chicago wheat up, Corn and soy stable

2024-12-10 00:00:00

HAMBURG, Dec 9 (Reuters): Chicago wheat rose while corn and soybeans were stable on Monday, as dealers positioned ahead of world supply and demand estimates from the US Department of Agriculture (USDA) expected to show smaller US stockpiles.Wheat was supported...

Palm oil futures ends lower

2024-12-10 00:00:00

JAKARTA, Dec 9 (Reuters): Malaysian palm oil futures closed down on Monday, tracking a decline in rival vegetable oils on the Dalian and Chicago exchanges, while traders await data from the Malaysian Palm Oil Board (MPOB) for further cues.The benchmark...

Gold gains on US rate cut bets

2024-12-10 00:00:00

Gold prices climbed on Monday as China's central bank resumed gold purchases after a six-month pause, while expectations for an interest rate cut at the Federal Reserve's meeting next week strengthened.Spot gold gained 0.9 per cent to $2,655.81 per ounce,...

Oil prices rise as China moves toward monetary easing

2024-12-10 00:00:00

Oil prices climbed by more than 1 per cent on Monday as top importer China flagged its first move toward a loosened monetary policy since 2010 aiming to bolster economic growth, state media reported citing a Politburo meeting, reports Reuters.Brent...

Tasia Securities suspended as its financial health falters

FE REPORT | 2024-12-09 12:00:00

The operation of Tasia Securities has been suspended as it has fallen short of minimum required net worth commensurate with its paid-up capital. The suspension comes into effect today (Monday) and will remain effective until the stockbroker meets the regulatory...

Anatomy of Rolls Royce import

Neil Ray | 2024-12-09 12:00:00

The news that eight Rolls Royce cars have arrived in the country for the first time following formal commercial import procedures over the past six months may cause some unease as an immediate reaction. But the unsettling feeling may get...

BB decides against another hike in interest rates

2024-12-09 00:00:00

The review meeting of the Bangladesh Bank (BB) monetary policy committee (MPC) has decided not to increase the policy interest rate for the time being, reports UNB.The committee acknowledged that although inflation remains elevated, the monetary policy stance is on...

Cold wave grips Kurigram

2024-12-09 00:00:00

KURIGRAM, Dec 8 (UNB): Dense fog has enveloped the northern district of Kurigram for the last four days, causing extensive hardship to residents and visitors alike.With the escalation of the cold spell, the number of patients, mostly children and elderly,...

Dengue: 7 more die _

2024-12-09 00:00:00

Seven more people have died of dengue infection while 596 new patients have been hospitalised with the Aedes mosquito-borne disease across Bangladesh in the past 24 hours till Sunday morning, reports bdnews24.com.With the new counts, the number of people in...

AB Bank MD resigns

FE REPORT | 2024-12-09 00:00:00

Tarique Afzal, managing director of the country's first private commercial bank -AB Bank (Arab Bangladesh Bank) - has resigned from his position citing health grounds.Mr. Afzal left the country for Canada on December 01, He sent his resignation from Canada...

BB board approves new design of currency notes

FE REPORT | 2024-12-09 00:00:00

Bangladesh Bank board has taken some decisions, including approving new design and features for the local currency notes.The central bank held its 438th meeting of board of directors on Sunday at the BB headquarters led by the governor Dr Ahsan...

Govt to slash 43pc of CA’s spl budget

JAHIDUL ISLAM | 2024-12-09 00:00:00

The interim government has decided to cut approximately 43 percent of the special budget allocation previously designated under deposed premier Sheikh Hasina who fled to India amid a student-mass movement.In a recent meeting, the office of the chief adviser decided...

People ready to resist Delhi's hostility, says Rizvi

FE REPORT | 2024-12-09 00:00:00

Bangladesh Nationalist Party (BNP) senior joint secretary general Ruhul Kabir Rizvi has categorically said the people of Bangladesh were ready to resist unprovoked Indian aggression.He told a rally of three affiliated organizations -- Juba Dal, Swechchhasebak Dal and Chhatra Dal...

SC upholds HC verdict scrapping five cases against Prof Yunus

FE REPORT | 2024-12-09 00:00:00

The Appellate Division of the Supreme Court on Sunday upheld a High Court verdict that scrapped the proceedings of five cases filed under the Bangladesh Labour Act against Chief Adviser Professor Dr Muhammad Yunus and others. A three-member bench of...

Higher import tariffs cause rice price spikes

FE REPORT | 2024-12-09 00:00:00

Higher import tariffs on rice led to larger price spikes in a year, according to a major cause cited in a study presented at an annual seminar organised by Bangladesh Institute of Development Studies (BIDS).A robust production as well as...

BD bottom among 12 LMICs in usage of phone, net

FE REPORT | 2024-12-09 00:00:00

Bangladesh comes bottom among 12 surveyed low- and middle-income countries (LMICs) in smartphone ownership and mobile internet usage, according to a latest GSMA report.The State of Mobile Internet Connectivity 2024 shows 41 per cent of urban residents and 26 per...

Economy expands for second consecutive month in Nov ’24

FE REPORT | 2024-12-09 00:00:00

The economy expanded for the second consecutive month in November 2024 as reflected in the Purchasing Managers' Index (PMI) released Sunday.According to the latest report, the Bangladesh PMI increased by 6.5 points to 62.2 in November compared to 55.7 in...

Prayer Timings (2024-12-09)

2024-12-09 00:00:00

Syrian community wave Syrian flags

2024-12-09 00:00:00

Members of the Syrian community wave Syrian flags on Sunday in Berlin, Germany, and celebrate the end of Syrian dictator Bashar al-Assad's rule.— AFP

BB goes for dollar buy to bolster reserves

JUBAIR HASAN | 2024-12-09 00:00:00

The Bangladesh Bank (BB) in a major policy shift intensifies its focus on buying more US dollars from the market to protect the country's fast-depleting foreign exchange (forex) reserves, officials and bankers have said. This change in the strategy is...

Interim govt wants good ties with India

FE REPORT | 2024-12-09 00:00:00

Bangladesh's interim government wants good neighbourly ties with India on the basis of fairness, equality and dignity, journalists were told a day before an important Dhaka-Delhi consultation. "We have cultural, linguistic, and historical links with India," said Shafiqul Alam, press...

Young Tigers crush India to retain Asia Cup title

2024-12-09 00:00:00

Bangladesh's Under-19 cricket team have clinched the 2024 U-19 Asia Cup crown by crushing India by 59 runs in a thrilling final in Dubai on Sunday, reports bdnews24.com.Chasing a target of 199, India struggled throughout their innings before being all...

Values of justice destroyed in judicial process over the years

FE REPORT | 2024-12-09 00:00:00

Bangladesh stands on a pile of rubble currently, as sense of justice and the values of justice have been destroyed and distorted in the judicial process over the years, said Chief Justice Syed Refaat Ahmed.He said that fraud instead of...

CA advises Meta to act on campaign against BD

FE REPORT | 2024-12-09 00:00:00

Chief Adviser Prof Muhammad Yunus asks Meta, the parent company of Facebook, to address a "disinformation campaign" being orchestrated from certain countries to undermine the July-August mass uprising in Bangladesh."There's a massive disinformation campaign, and we are the sufferers," he...

SoCBs' liquidity crunch amid NPL buildup under scrutiny

FE REPORT | 2024-12-09 00:00:00

Non-performing loan (NPL) buildup in Bangladesh's banking sector and liquidity stresses in the state-owned commercial banks came up for IMF scrutiny Sunday during a review of agreed reforms, officials said.Meanwhile, until June-end this year, the NPL in six State-owned Commercial...

Weather (2024-12-09)

2024-12-09 00:00:00

Weather may remain dry with temporary partly cloudy sky over the country in the next 24 hours from 06:00 am today (Monday), according to the Met Office Moderate to thick fog may occur at places over the country during late...

DU metro station to remain closed for four days

2024-12-09 00:00:00

The Dhaka University (DU) Metro Rail Station will remain closed on December 16, 25, 31, and January 01 for security reasons, said DU Proctor Professor Saifuddin Ahmedin a press briefing held at the Proctor's Office on Sunday, reports UNB.The proctor...

Finance Adviser Dr. Salehuddin Ahmed speaking

2024-12-09 00:00:00

Finance Adviser Dr. Salehuddin Ahmed speaking as the chief guest at the Celebration Ceremony of the Graduate Diploma in Leather, Leather Goods and Footwear Management programme of the East West University (EWU) at its campus in the capital on Sunday....