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Walton offers discount on online purchase

FE DESK | 2024-08-20 00:00:00

Electronics giant Walton offered up to 50 per cent cash discounts on purchase of its domestically manufactured specific models of electronics, electrical, home and kitchen appliances, IT devices and accessories from the website of Walton Plaza across the country.The country's...

ORIENTATION ORGANISED FOR 150 PUBALI BANK RECRUITS

2024-08-20 00:00:00

Pubali Bank organised a five day long "Orientation Program" for 150 new recruits. The programme aims to familiarize participants with the concepts, principles, rules, regulations, laws and practices of the bank. MD and CEO Mohammad Ali, and deputy managing directors...

DSE chair resigns for personal reasons

FE REPORT | 2024-08-20 00:00:00

Chairman of the Dhaka Stock Exchange (DSE) Hafiz Md Hasan Babu resigned on Monday from the board of the premier bourse, showing personal reasons.DSE officials said Mr. Babu sent an email bearing his resignation to the chairman of the securities...

How Beximco bondholders' fears turn into reality

BABUL BARMAN and FARHAN FARDAUS | 2024-08-20 00:00:00

Beximco was allowed to raise Tk 15 billion by issuing zero-coupon bonds in March this year though its financial performance showed signs of high default risks. Its profit in FY23 plunged 77 per cent year-on-year to Tk 7.1 billion and...

Gold pauses after hitting all-time high at above $2,500

2024-08-20 00:00:00

Gold eased on Monday after powering to an all-time high above the important $2,500 per ounce level in the last session on strong safe-haven demand and expectations of an imminent US rate cut as investors seek more cues on the...

Palm oil rises on bargain hunting

2024-08-20 00:00:00

JAKARTA, Aug 19 (Reuters): Malaysian palm oil futures recovered on Monday, paring some losses in the previous session on bargain hunting.The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was up 40 ringgit, or 1.09...

Demand hopes lift copper prices

2024-08-20 00:00:00

LONDON, Aug 19 (Reuters): Copper prices scaled 2-1/2 week highs on Monday with buying spurred by signs of improving demand in top consumer China and a sliding dollar as expectations of an imminent rate cut in the United States mounted.Physical...

Oil price dip keeps Brent below $80 on China demand woes

2024-08-20 00:00:00

LONDON, Aug 19 (Reuters): Oil prices eased on Monday, with Brent holding below $80 as concern over demand in top oil importer China weighed on market sentiment.Brent crude futures dropped 63 cents, or 0.8 per cent, to $79.05 a barrel...

Extreme weather drives travellers to cooler destinations this summer

2024-08-20 00:00:00

LONDON, Aug 19 (Reuters): Florida resident Kathy Pafunda is reading books and perusing maps to plan a Norway getaway next summer, following visits over the last two years to cool-weather destinations Alaska, Utah, Minnesota and Iceland."We like to escape during...

Video gamers set for world’s biggest trade show

2024-08-20 00:00:00

PARIS, Aug 19 (AFP): The world's largest video game trade show, Gamescom, opens its doors on Tuesday in Germany at a sensitive moment for an industry battered by layoffs and studio closures.Organisers expect the event, which runs until Sunday in...

AMD to acquire server builder ZT Systems for $4.9b in cash

2024-08-20 00:00:00

NEW YORK, Aug 19 (Reuters): AMD on Monday said it plans to acquire server maker ZT Systems for $4.9 billion as the company seeks to expand its portfolio of artificial intelligence chips and hardware and battle Nvidia.AMD plans to pay...

Rupee ends higher following choppy price action

2024-08-20 00:00:00

MUMBAI, Aug 19 (Reuters): The Indian rupee closed stronger on Monday, aided by a rally in Asian currencies that helped the local unit touch its highest in two weeks.The rupee closed at 83.87 against the US dollar, up from its...

S Arabia to sign real estate deals with US

2024-08-20 00:00:00

RIYADH, Aug 19 (Arab News): Multiple US-Saudi real estate agreements are set to be signed during a five-day visit by a leading official from the Kingdom to the North American country.Minister of Municipalities and Housing Majid bin Abdullah Al-Hogail began...

BYD plans car plant in Karachi

2024-08-20 00:00:00

KARACHI, Aug 19 (Reuters): Chinese electric vehicle giant BYD on Saturday announced plans to open a car production plant in Pakistan, where it will also start selling three models through a partnership with Mega Motors.BYD is the first major new...

Russian wheat export prices decline

2024-08-20 00:00:00

MOSCOW, Aug 19 (Reuters): Russian wheat export prices declined last week amid lower global prices and weak demand, as analysts expect new crop supplies to increase and exert further downward pressure.The price of 12.5 per cent protein Russian new crop...

12pc of India's spice samples fail quality standards

2024-08-20 00:00:00

HYDERABAD, Aug 19 (Reuters): Nearly 12 per cent of tested spice samples failed to meet quality and safety standards, according to data obtained by Reuters of tests by Indian authorities after several countries took steps over contamination risks in two...

BRAC Bank organises AML training in Ctg

2024-08-20 00:00:00

BRAC Bank organised, a daylong workshop on the 'Prevention of Money Laundering and Combating Financing of Terrorism' for its officials in Chattogram recently. Arief Hossain Khan, Executive Director of Bangladesh Bank, attended the training as the chief guest. Md Arifuzzaman,...

BRTA service resumes

2024-08-20 00:00:00

The Bangladesh Road Transport Authority (BRTA) resumed all services on Monday as its server has become operational once again, reports bdnews24.com.The BRTA issued an urgent notification stating: "Now that the server and IS installed in the BRTA building are operational,...

StanChart cardholders to enjoy Qatar Airways Ticket Discount

2024-08-20 00:00:00

Standard Chartered Bangladesh has recently signed a Memorandum of Understanding with Qatar Airways. As a part of the agreement, Qatar Airways will offer up to 12% discounts on base fare for Qatar Airways Privilege Club members and 8% discount for...

Big cos ripping off poultry farmers, consumers with profiteering

FE REPORT | 2024-08-20 00:00:00

The Bangladesh Poultry Association (BPA) on Monday alleged that a few big companies are dominating the poultry market, siphoning off an additional Tk 59.20 billion in profits through syndicates operating in the feed and chicken sectors.This situation has severely impacted...

Mbappe left frustrated after 'disappointing' La Liga debut

2024-08-20 00:00:00

PALMA, Spain, Aug 19 (AFP): French football star Kylian Mbappe was left frustrated on his La Liga debut with Real Madrid on Sunday after failing to beat Real Mallorca and ending the match in a 1-1 draw.Madrid's star-studded side struggled...

Playing World Cup in Bangladesh would be the wrong thing to do

2024-08-20 00:00:00

Amid growing political turmoil in Bangladesh, Australia women's team captain Alyssa Healy has said that playing the Women's T20 World Cup there 'would be the wrong thing to do'. The showpiece event was originally scheduled in the Asian nation from...

Cummins to take break, expects bigger roles for Green, Marsh in India series

2024-08-20 00:00:00

Australia captain Pat Cummins said he expects to lean a bit more heavily on all-rounders Cameron Green and Mitchell Marsh with the ball during the five-Test series against India at the end of the year, reports Reuters.Australia are looking to...

Sinner reaches final as Swiatek falls to Sabalenka

2024-08-20 00:00:00

MASON, Ohio, Aug 19 (AP): Top-ranked Jannik Sinner outlasted Alexander Zverev in a third-set tiebreaker Sunday to reach the Cincinnati Open final, while No. 1 Iga Swiatek fell to No. 3 Aryna Sabalenka in the women's semifinals.In the final, Sinner...

‘None of our stadia meet int'l standards’

2024-08-20 00:00:00

LAHORE, Aug 19 (Geo Tv): With the preparations for Champions Trophy 2025 in full swing, Pakistan Cricket Board (PCB) Chairman Mohsin Naqvi has justified the board's initiative to upgrade Lahore, Karachi and Rawalpindi venues, saying that none of the stadiums...

BCB director resigns following change of government

2024-08-20 00:00:00

Bangladesh Cricket Board (BCB)'s cricket operation chairman Jalal Yunus resigned from his post with immediate effect. Jalal, who is also a director of the board, confirmed the development to Cricbuzz on Monday."I have resigned from the board for the interest...

New era for Tigers

2024-08-20 00:00:00

KARACHI, Aug 19 (Agencies): Bangladesh begin a two-Test series in Pakistan this week with their preparations severely hampered by the political turmoil that has wracked the country.Unrest that led to the overthrow of prime minister Sheikh Hasina kept the team's...

Road crashes kill five in Sirajganj, Gazipur

2024-08-20 00:00:00

A total of six persons were killed in separate road accidents in Sirajganj and Gazipur districts on Monday, report agencies.In Sirajganj, four member of same family were killed in a head-on collision between a truck and a private car in...

Khulna consumers hit hard by price hike of some commodities

2024-08-20 00:00:00

KHULNA, Aug 19 (UNB): Kitchen markets in Khulna metropolitan area have been unstable for the past one week as prices of essential commodities have gone up several times, causing immense suffering for lower-middle income groups.Again, the same products are being...

'Deshi Sarbi' banana farming popular in Gopalganj

OUR CORRESPONDENT | 2024-08-20 00:00:00

GOPALGANJ, Aug 19: Banana cultivation is gaining popularity in Sadar upazila of the district as farmers are getting fair prices from the produce this year.Akkas Ali Mollah, 60, a farmer of village Bowalia, said he cultivated 'Deshi Sarbi' banana on...