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Experts warn of risks to DSE demutualisation goals

MOHAMMAD MUFAZZAL | 2024-09-02 00:00:00

Experts have strongly criticised the DSE Brokers Association's (DBA) proposal to appoint the chairman of the Dhaka Stock Exchange (DSE) from among the shareholder directors. They argue that this move could undermine the demutualisation objectives of the exchange if it...

Penny-pinching youth transforming China’s bubble tea craze

2024-09-02 00:00:00

HANGZHOU (China), Sept 01 (AFP): Sweet, milky and colourful-bubble tea is wildly popular in China, where people sipping through straws from large plastic cups is a common sight in high streets and shopping malls across the country.But there's fresh competition...

South Korea exports extend gains to 11th month, growth slows

2024-09-02 00:00:00

SEOUL, Sept 01 (Reuters): South Korea's exports rose for an 11th straight month in August, but the pace of growth was weaker than the previous month and market expectations as demand for computer chips slowed, while auto sales remained sluggish.Overseas...

KSA launches 7th round of 'Sah' savings product with 5.31pc return

2024-09-02 00:00:00

JEDDAH, Aug 01 (Arab News): The Kingdom of Saudi Arabia (KSA) has launched the seventh round of its subscription-based savings product, Sah, for September, offering a 5.31 per cent return to promote financial stability and growth among citizens.The issuance of...

Algeria joins BRICS New Development Bank

2024-09-02 00:00:00

ALGIERS, Sept 01 (AFP): Algeria has been approved for membership in the BRICS New Development Bank (NDB), the country's finance ministry has announced.The decision was taken on Saturday and announced by NDB chief Dilma Roussef at a meeting in Cape...

ACWA Power secures $2.6b financing for 3 Saudi solar projects

2024-09-02 00:00:00

RIYADH, Aug 01 (Arab News): Saudi utility developer ACWA Power has signed financing agreements valued at SR9.7 billion ($2.58 billion) with a consortium of banks to develop three large-scale solar projects in the Kingdom. In a statement to Saudi stock...

Square Textiles takes part in Shanghai fair

2024-09-02 00:00:00

The Yarn Expo & Intertextile Shanghai-Autumn 2024, the 30th anniversary edition of the fair, was held from 27th to 29th August, across nine halls of the National Exhibition and Convention Center (Shanghai), says a press release. Square Textiles from Bangladesh...

Bangladesh General Insurance Co holds 39th AGM

2024-09-02 00:00:00

The 39th Annual General Meeting (AGM) of Bangladesh General Insurance Co PLC (BGIC) was held on a virtual platform at its head office recently. Chairman of the company Towhid Samad presided over the meeting. Ahmed Saifuddin Chowdhury, Managing Director &...

Chinese Ambassador to Bangladesh Yao Wen called on Power, Energy and Mineral Resources Adviser

2024-09-02 00:00:00

A Chinese delegation led by Chinese Ambassador to Bangladesh Yao Wen called on Power, Energy and Mineral Resources Adviser Mohammad Fouzul Kabir Khan at his ministry in the city on Sunday. — PID

Prime Bank launches Islamic Payroll Banking

2024-09-02 00:00:00

Prime Bank has launched Islamic Payroll Banking services to cater the growing demand for Shariah-compliant financial solution. This service enables businesses to manage payrolls in a manner that aligns with Islamic principles, offering a fully ethical and shariah-based banking experience...

K. M. Saidur new CEO of Asia Pacific Insurance

2024-09-02 00:00:00

K. M. Saidur Rahman has been appointed as Chief Executive Officer (CEO) of Asia Pacific General Insurance Company Limited, says a press release. The appointment came as per approval of the Insurance Development and Regulatory Authority (IDRA) on the recommendation...

Zakir Ahmed Khan takes charge as PKSF Chairman

2024-09-02 00:00:00

Former Finance Secretary Zakir Ahmed Khan has assumed office of the Chairman of Palli Karma-Sahayak Foundation (PKSF).Upon his arrival at PKSF Bhaban on Sunday, he was welcomed by PKSF's acting Managing Director Md Fazlul Kader and Additional Managing Director Dr...

CAB demands independent commission to probe graft in energy and power sector

2024-09-02 00:00:00

Consumers Association of Bangladesh (CAB) has demanded formation of an independent commission to investigate the corruption, irregularities and plundering of wealth by the previous Awami League government in the country's power and energy sector during the last 15 years, reports...

Steps taken to cut prices of key commodities: Adviser

FE REPORT | 2024-09-02 00:00:00

The government has taken necessary initiatives to reduce the high prices of key essential commodities, especially egg and poultry, at the producer and consumer levels.Commerce Adviser Dr Salehuddin Ahmed said this while talking to reporters after a meeting held with...

BTCL urged not to be involved in retail domain reg business

FE REPORT | 2024-09-02 00:00:00

The country's registered domain hosting businessmen have urged the Bangladesh Telecommunications Company Limited (BTCL) not to engage as a domain registrar to ensure a level playing field in the retail business.To promote the dotBD domain and encourage the use of...

Trump signals support for recreational marijuana

2024-09-02 00:00:00

WASHINGTON, Sept 01 (AFP): Donald Trump on Saturday signaled his backing for a ballot initiative that would legalize recreational marijuana use in Florida, where he resides."Whether people like it or not," the Republican presidential candidate said on his Truth Social...

Philippines detains over 160 people

2024-09-02 00:00:00

MANILA, Sept 01 (AP): Philippine authorities raided a suspected illegal online gaming and cyberscam complex in a central province and took into custody more than 160 people - mostly Chinese and Indonesians - who were committing internet-based crimes, officials said...

17 bodies found after Russian copter crash

2024-09-02 00:00:00

MOSCOW, Sept 01 (AFP): Rescuers on Sunday said they had found 17 bodies after a helicopter crashed with 22 people aboard in Russia's Kamchatka peninsula in the far east.The helicopter went missing shortly after takeoff Saturday carrying 19 tourists and...

Venezuela sends hundreds to maximum security jails after election

2024-09-02 00:00:00

CARACAS, Sept 01 (AFP): More than 700 people arrested during protests that erupted after Venezuela's disputed presidential election have been transferred to maximum security prisons, a human rights group said Saturday.The detainees, who had been held at police stations around...

AI could help identify heart patients in danger

2024-09-02 00:00:00

LONDON, Sept 01 (BBC): Artificial intelligence (AI) could help GPs identify patients most at risk of developing conditions that could lead to fatal heart problems.The University of Leeds has helped train an AI system called Optimise, that looked at health...

Palestinians kill 3 Israeli police in West Bank

2024-09-02 00:00:00

JERUSALEM, Sept 01 (AP/AFP): Palestinian fighters killed three Israeli police officers on Sunday when they opened fire on a vehicle in the occupied West Bank, where Israel has carried out large-scale raids in recent days.The attack took place along a...

Zelensky presses US for greenlight

2024-09-02 00:00:00

KYIV, Sept 01 (Reuters/AFP/BBC): Ukrainian President Volodymyr Zelensky increased pressure on the United States to let Kyiv strike military targets deep inside Russian territory after his representatives met senior US officials in Washington on Saturday.Washington has provided Ukraine with more...

Sinner secures safe passage as Swiatek rolls on

2024-09-02 00:00:00

NEW YORK, Sept 01 (Reuters): Jannik Sinner avoided the fate of his top rivals, reaching the fourth round of the US Open while fellow top seed Iga Swiatek gained momentum in her quest for a sixth Grand Slam title after...

Raphinha hits hat-trick

2024-09-02 00:00:00

BARCELONA, Spain, Sept 01 (AP): Brazil forward Raphinha scored a hat trick and set up another goal as Barcelona routed Valladolid 7-0 and remained perfect with four wins in as many games under new coach Hansi Flick on Saturday.The early...

BD football team practise in Thimphu

2024-09-02 00:00:00

Bangladesh National Football team, now in Thimphu to play two FIFA International Friendlies against hosts Bhutan, attended their first gym and practice sessions on Sunday, reports UNB.Bangladesh team made their gym session at the team hotel in Thimphu on Sunday...

Newcastle maintain unbeaten start with win over Spurs

2024-09-02 00:00:00

NEWCASTLE, England, Sept 01 (Agencies): Alexander Isak scored the winner for Newcastle United with a simple tap-in as they weathered a storm from visiting Tottenham Hotspur to secure a 2-1 Premier League win in an entertaining game at St James'...

Rishad joins BBL

2024-09-02 00:00:00

Bangladesh's leg-spinning sensation Rishad Hossain has joined the Hobart Hurricanes, a team in the Big Bash League (BBL), Australia's premier T20 competition, reports UNB.The Hobart Hurricanes confirmed the signing on their official X handle.Rishad becomes the second Bangladeshi cricketer to...

Hasan strikes early after Litton's epic ton

2024-09-02 00:00:00

RAWALPINDI, Pakistan, Sept 01 (AFP): Liton Das hit a fighting hundred to lift Bangladesh from a precarious 26-6 to 262 all out on Sunday, in a remarkable turnaround that left the second Test in Rawalpindi within either team's grasp.The 29-year-old...

Tree plantation indispensable to reduce carbon emission: Experts

2024-09-02 00:00:00

RAJSHAHI, Sept 01 (BSS): Wide-ranging tree plantation can be the best way of reducing carbon emission at a substantial level and that is very important to protect ecological balance in the dried region. There is no alternative to creating more...

River erosion halts ferry movement only two out four Daulatdia terminals in operation

2024-09-02 00:00:00

GOALANDA, Sept 01 (UNB): The Daulatdia Ferry Terminal No-4 in Rajbari has been closed since Friday midnight due to sudden erosion of the Padma River causing suffering for the terminal users.Currently, out of the four ferry terminals at Daulatdia, only...