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JL leader Debu arrested in Ctg

OUR CORRESPONDENT | 2024-12-06 00:00:00

CHATTOGRAM, Dec 05: Police arrested Jubo League (JL) leader Debashish Pal Debu, accused in several murder cases, from the Miler Matha area in Chattogram city on Thursday.Debu is the son of Harendra Vijay Pal, a resident of the port area....

Ex-lawmaker Kamran Hossain Chy no more

2024-12-06 00:00:00

Former member of parliament (MP) Kamran Hossain Chowdhury died at the age of 72 in the early hours of Wednesday. He had been suffering from heart ailment for a long time, reports UNB. He is survived by his two sons,...

Bail petition of ex-IGP Benazir's cashier Jasim scrapped

2024-12-06 00:00:00

A Dhaka court has scrapped a bail petition filed by Jasim Uddin, who reportedly managed all the black money of former Inspector General of Police (IGP) Benazir Ahmed as his cashier, in a case lodged over attempt to murder one...

HC acquits Gias Uddin Al Mamun of money laundering case

2024-12-06 00:00:00

The High Court (HC) has acquitted businessman Gias Uddin Al Mamun of money laundering case and scrapped a seven-year jail given by the trial court in the case, report agencies.The HC bench of Justice AKM Asaduzzaman and Justice Syed Enayet...

Prime accused of Adv Alif murder arrested

2024-12-06 00:00:00

CHATTOGRAM, Dec 05 (BSS): Police have arrested the prime accused in the case filed over murder of Advocate Saiful Islam Alif from Bhairob Rail Station in Kishoreganj.A joint team from Bhairab and Chattogram city's Kotwali thana police detained Chandan aged...

President Mohammed Shahabuddin -

2024-12-06 00:00:00

President Mohammed Shahabuddin posed with the newly-appointed High Court judges at Bangabhaban in the capital on Thursday. — PID

Moyeen Khan warns against rebirth of BAKSAL, urges all to forge unity

FE REPORT | 2024-12-06 00:00:00

Bangladesh Nationalist Party (BNP) standing-committee member Dr Abul Moyeen Khan has cautioned the countrymen against the resurrection of BAKSAL at the time of forging unity among political parties."We need unity irrespective of our castes, creeds and religions. If we somehow...

German industrial orders fall in latest economic blow

2024-12-06 00:00:00

FRANKFURT, Dec 05 (AFP): German industrial orders fell in October after recording a strong jump the previous month, official data showed Thursday, the latest sign of weakness in the country's crucial manufacturing sector.New orders, closely watched as an indicator of...

Russia's Rosneft invests $20b in India

2024-12-06 00:00:00

NEW DELHI, Dec 05 (Reuters): Russian oil producer Rosneft invested $20 billion in India recently, the Indian government quoted Russian President Vladimir Putin as saying in a statement on Thursday, without giving details.Putin said in January that Rosneft planned to...

China automakers pivot to hybrids for Europe to counter EV tariffs

2024-12-06 00:00:00

SHANGHAI, Dec 05 (Reuters): Automakers in China are ramping up exports of hybrid vehicles to Europe and planning more models for the key market, exposing the limits of the European Union's electric vehicle tariff scheme.The bloc's latest EV tariffs to...

Exporters to get cash incentives for shoe, bag made from synthetic-fabrics mix

2024-12-06 00:00:00

Exporters will enjoy cash incentives on shoes and bags made from a mixture of synthetic materials and fabrics under the bond and duty drawback facilities, Bangladesh Bank (BB) announced on Thursday.In a circular, the central bank said the government will...

ISLAMI BANK OPENS GANGNI BRANCH IN MEHERPUR

2024-12-06 00:00:00

Islami Bank Bangladesh PLC inaugurated its 399th branch namely 'Gangni Branch' in Meherpur on Thursday. Mohammed Monirul Moula, managing director of the bank, inaugurated the branch as the chief guest. Md Altaf Hossain, additional managing director, and Md Maksudur Rahman,...

MERCANTILE BANK OPENS CRM BOOTH AT HEAD OFFICE

2024-12-06 00:00:00

Mercantile Bank PLC inaugurated a state-of-the-art CRM Booth on its Head Office premises Thursday, offering 24/7 cash deposit and withdrawal service through a single machine. Mati Ul Hasan, Managing Director of the bank, along with other officials launched the facility....

Tax exemptions to be cut 'drastically' in response to IMF's conditions

2024-12-06 00:00:00

Bangladesh must meet strict conditions if it wants to get budget support from various partner organisations, including the International Monetary Fund (IMF), and, as a result, the current tax exemptions in industry and trade will be reduced 'drastically', according to...

Qatar to invest $1.3b in climate technology in Britain

2024-12-06 00:00:00

LONDON, Dec 5 (Reuters): Qatar will invest 1 billion pounds ($1.3 billion) in climate technology in the United Kingdom, with engineering company Rolls-Royce set to benefit from some of the cash to support its energy transition, the British government said...

MIDAS Winter SME Fair kicks off in city

FE REPORT | 2024-12-06 00:00:00

A three-day fair styled 'MIDAS Winter SME Fair - 2024' began at the MIDAS Centre in the city on Thursday hosting youth and women entrepreneurs to encourage further employment and promote women's empowerment.As many as 70 youth and women entrepreneurs...

ADB, Meghna Group sign $20m deal for green flour mill

FE REPORT | 2024-12-06 00:00:00

The Asian Development Bank (ADB) and the Meghna Group of Industries have signed a $20-million loan agreement to support the construction of a greenfield, state-of-the-art, energy-efficient flour-milling plant in Bangladesh.This new facility will double the group's wheat flour output and...

US weekly jobless claims rise moderately

2024-12-06 00:00:00

WASHINGTON, Dec 05 (Reuters): The number of Americans filing new applications for unemployment benefits increased moderately last week, suggesting that the labor market continued to steadily cool.Initial claims for state unemployment benefits rose 9,000 to a seasonally adjusted 224,000 for...

Broadcom unveils new tech

2024-12-06 00:00:00

LONDON, Dec 05 (Reuters): Broadcom said on Thursday its custom chip unit, which makes AI processors for cloud providers, has developed new technology to enhance semiconductor speeds amid escalating demand for generative artificial intelligence infrastructure.Palo Alto, California-based Broadcom is among...

Chinese shopping app Temu suspended in Vietnam

2024-12-06 00:00:00

HANOI, Dec 05 (AFP): Chinese shopping app Temu has been forced to suspend its services in Vietnam after it failed to register with authorities, state media said on Thursday.Goods ordered on Temu were no longer being cleared through customs in...

Asian stocks see heavy outflows for second straight month in November

2024-12-06 00:00:00

Dec 5: Asian stocks were under selling pressure from foreign investors for a second consecutive month in November amid worries over potential US tariff hikes on regional exports under the incoming Donald Trump administration next year, reports Reuters.Foreigners net withdrew...

Rupee weakness will not deter India cenbank from cutting rates, Nomura says

2024-12-06 00:00:00

MUMBAI, Dec 5 (Reuters): Nomura stuck by its contrarian call that the Reserve Bank of India will lower interest rates on Friday as concerns over economic growth overshadow worries about high inflation and the rupee's weakness.Nomura is one of the...

Business leaders fear recession, labour shortages, World Economic Forum says

2024-12-06 00:00:00

ONDON, Dec 5 (Reuters): Business leaders globally are worried about the risk of recession, labour shortages and rising inflation, despite some signs of improvement in economic conditions, a World Economic Forum survey said on Thursday.Extreme weather events are an increasing...

European stocks rise as investors shrug off French political instability concerns

2024-12-06 00:00:00

Dec 5: European stocks hovered near one-month highs on Thursday as investors shrugged off concerns about political instability in France after lawmakers voted to topple Prime Minister Michel Barnier's government in a widely expected move, reports Reuters.The pan-European STOXX 600...

French debt risk premium drops as government falls, Macron next move in focus

2024-12-06 00:00:00

Dec 5: The risk premium investors demand to hold French debt rather than German Bunds dropped on Thursday after the widely expected collapse of the French government, reports Reuters.Far-right and left-wing lawmakers joined forces early this week to back a...

SONALI BANK STAFF COLLEGE COURSE ENDS -

2024-12-06 00:00:00

Sonali Bank Staff College organised a five-week foundation course for newly appointed senior officers and other officers. A certificate award ceremony was held at the end of the course on Thursday. Sonali Bank MD & CEO Md Shawkat Ali Khan...

Takaful Islami Insurance Committee meeting held

2024-12-06 00:00:00

The 4th meeting of the Policyholder Protection & Compliance Committee of Takaful Islami Insurance Limited was held at Dhanmondi in the city on Wednesday. Chairman of the Committee Khorshed Alam Khan presided over the meeting attended by Tahmina Afroz, Abul...

MATIN SPINNING MILLS HOLDS 22ND AGM

2024-12-06 00:00:00

The 22nd Annual General Meeting (AGM) of Matin Spinning Mills PLC was held virtually on Wednesday. Abdul Wahed, Chairman of the company, presided over the meeting. Vice Chairman MA Rahim, Managing Director MA Jabbar, and Directors MA Quader, Selina Perveen,...

Social Welfare, Women and Children Affairs Adviser Sharmeen S Murshid visiting a stall

2024-12-06 00:00:00

Social Welfare, Women and Children Affairs Adviser Sharmeen S Murshid visiting a stall after inaugurating the Ananda Mela-2024 organised by Mohila Committee of Dhaka Officers' Club on the club premises on Thursday. —PID

EXIM BANK INAUGURATES 153RD BRANCH IN BORGUNA

2024-12-06 00:00:00

EXIM Bank on Thursday inaugurated its 153rd branch in Borguna. Mohammad Feroz Hossain, managing director and chief executive officer, was the chief guest at the event. Md. Anisul Alam, regional manager for the bank's Dhaka South zone, presided over the...