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WB to ramp up dev funding by $2.0b

FE REPORT | 2024-09-18 00:00:00

World Bank's funding to Bangladesh this fiscal year is going to be ramped up by over US$2 billion to assist the reform agenda of the post-uprising interim government.The commitment of the lending package came from WB Country Director Abdoulaye Seck...

Govt import-LC backpay to be cleared within 5-6 months

FE REPORT | 2024-09-18 00:00:00

Government liabilities in import-LC backpay can be cleared over next 5-6 months, aided by remittance rebound that raised Bangladesh's latest foreign-exchange reserves to US$24.30 billion, and fresh aid commitments.Bangladesh Bank (BB) Governor Dr Ahsan H. Mansur assures and urges the...

Army accorded magistracy in countrywide operation

FE REPORT | 2024-09-18 00:00:00

In shoring up its standing, the post-uprising interim government bestowed magistracy on commissioned officers of Bangladesh Army for bolstering countrywide operation for the next two months.To this effect, the Ministry of Public Administration issued Tuesday a gazette notification with "immediate...

Goldman Sachs cuts China's 2024 growth forecast to 4.7pc

2024-09-18 00:00:00

Goldman Sachs and Citigroup have lowered their full-year projections for China's economic growth to 4.7 per cent, after the world's second-largest economy's industrial output slowed to a five-month low in August, reports Reuters.Weak economic activity in August has ramped up...

Dhaka Bank crowned as ADB's Leading Partner Bank

2024-09-18 00:00:00

Dhaka Bank PLC has been recognised as ADB's Leading Partner Bank in Bangladesh at the Trade and Supply Chain Finance Program (TSCFP) Awards 2024 organised by Asian Development Bank (ADB). Akhlaqur Rahman, Deputy Managing Director, and Sahabub Alam Khan, Executive...

Transformer makers seek govt aid amid financial strain

FE REPORT | 2024-09-18 00:00:00

Transformer producers in the country have urged the government to establish a special fund to address their financial difficulties, sources said. They have also requested a 10-year loan rescheduling facility.In a letter, Bangladesh Manufacturers' Association of Transformers and Switchgears (BMATS)...

Citizens Bank gets new chairman

2024-09-18 00:00:00

Chowdhury Mohammed Hanif Shoeb has been unanimously elected as the chairman of the Board of Directors of Citizens Bank PLC in the 3rd Annual General Meeting of the bank held recently, says a statement. Mr. Chowdhury is a renowned businessperson...

Asian Tourism Fair to begin in city tomorrow

FE REPORT | 2024-09-18 00:00:00

The 11th edition of the Asian Tourism Fair is going to begin in the city on September 19 with a view to boost the tourism industry.This three-day fair will be held at International Convention City Bashundhara in Dhaka in cooperation...

S Arabia becomes key job market for Bangladeshi bikers

ARAFAT ARA | 2024-09-18 00:00:00

Saudi Arabia has emerged as an attractive job market for Bangladeshi bikers, driven by a rising demand for online food delivery personnel.To date, around 10,000 Bangladeshi motorcyclists have secured jobs in the food delivery sector in Saudi Arabia. Currently, there...

Wickremesinghe seeks another term as president

2024-09-18 00:00:00

COLOMBO, Sept 17 (AFP): Sri Lanka's right-wing President Ranil Wickremesinghe, who seeks re-election this week, describes himself as the "designated survivor" capable of salvaging the economically troubled nation.Critics, however, say the 75-year-old six-time prime minister has been the beneficiary of...

Trudeau faces setback as party loses election

2024-09-18 00:00:00

OTTAWA, Sept 17 (Reuters): Canada's ruling Liberal Party lost a once-safe seat in a Montreal parliamentary constituency, preliminary results showed on Tuesday, a result likely to put more pressure on Prime Minister Justin Trudeau to quit.Elections Canada said that with...

Myanmar sinks into rights 'abyss'

2024-09-18 00:00:00

GENEVA, Sept 17 (AFP): The UN on Tuesday provided accounts of horrifying torture and an overall worsening rights situation in Myanmar, amid intensifying hostilities and the absence of rule of law."Myanmar is plumbing the depths of the human rights abyss,"...

Gunman hides for hours in bushes before Trump's last-minute game of golf

2024-09-18 00:00:00

FLORIDA, Sept 17 (BBC): A gunman hid for nearly 12 hours in bushes before Donald Trump played an unscheduled game of golf at his oceanfront club in Florida - leaving locals stunned at what authorities say appears to be the...

US still working on revised proposal for Gaza truce

2024-09-18 00:00:00

NEW YORK, Sept 17 (Reuters/BBC/AFP): The United States is still working with mediators Egypt and Qatar to present a revised proposal for a ceasefire in the war in Gaza, State Department spokesperson Matthew Miller said on Monday.Officials have for weeks...

Many to vote this time to deny BJP control

2024-09-18 00:00:00

SRINAGAR, Sept 17 (AP): For decades, boycotting elections in Indian-controlled Kashmir was a sign of protest against Indian rule.That may change on Wednesday, when many residents of the Muslim-majority region say they're willing to use their vote in a local...

Haaland close to goal milestone for Man City

2024-09-18 00:00:00

MANCHESTER, England, Sept 17 (AP): With Erling Haaland on the verge of an extraordinarily quick scoring milestone, Manchester City manager Pep Guardiola knows he cannot expect too much more from his star striker.Guardiola doesn't think he'll need to. "The experience...

Moon earns double crown in table tennis competition

2024-09-18 00:00:00

Fazle Rabbi Moon of Dhaka Tribune earned double crown in the table tennis competition on the first day of the Walton-BSJA Sports Carnival '2024 that began in the city at the Bangladesh Sports Journalists Association (BSJA) office premises on Tuesday,...

Tamim heads to India amid speculation about commentary job

2024-09-18 00:00:00

Former Bangladesh captain Tamim Iqbal flew to India amid widespread speculation of his job as a commentator during the India- Bangladesh tour starting tomorrow (Thursday) in Chennai, reports UNB.Tamim had his first day at the commentary box earlier. He is...

New Zealand-Sri Lanka 1st Test kicks off today

2024-09-18 00:00:00

COLOMBO, Sept 17 (AFP): New Zealand play Sri Lanka in the first of two Tests at Galle from Wednesday as the visitors look to shake off the frustration of their abandoned match with Afghanistan.On a spin-friendly pitch they face an...

ICC increases Women's T20 WC prize money to $7.9m

2024-09-18 00:00:00

Next month's Women's T20 World Cup will offer a record total of $7.96 million in prize money, organising body the International Cricket Council (ICC) said on Tuesday, report agencies.The winners of the tournament will receive $2.34 million, more than double...

Bangladesh Test ‘no dress rehearsal’ for Australia tour, says India's captain Rohit

2024-09-18 00:00:00

CHENNAI, India, Sept 17 (AFP): Captain Rohit Sharma on Tuesday warned his India team there is "no dress rehearsal" in cricket as they face a Bangladesh side fresh from a historic Test series win over Pakistan.India lead the World Test...

Playing against India in India is biggest challenge in cricket

2024-09-18 00:00:00

Chandika Hathurusingha, Bangladesh's head coach, is hopeful that his team's maiden Test series win over Pakistan will hold his side in good stead in the upcoming series against India. He feels the added burden of expectation from his side is...

Farmer killed, wife injured during robbery in Natore

2024-09-18 00:00:00

NATORE, Sep 17 (UNB): A farmer was killed, and his wife was injured in an attack during a robbery at their home in Gurudaspur upazila, Natore on Tuesday morning. The incident happened around 4:30 am in the Bri-Chapila village of...

Erosion hits Jamuna embankment in Sirajganj

2024-09-18 00:00:00

SIRAJGANJ, September 17 (UNB): Erosion has occurred on the Jamuna River embankment in the Old Meghai area of Kazipur Upazila, Sirajganj, causing a 70-meter section of the embankment to collapse. However, the Bangladesh Water Develo-pment Board (BWDB) has reported that...

Record-breaking 241 mm rainfall in Kushtia

2024-09-18 00:00:00

KUSHTIA, Sept 17 (UNB): Kushtia has experienced unprecedented rainfall over the past two days, with 241 millimetres of rain recorded in just 48 hours, causing widespread public distress.The downpour, driven by a low-pressure system, started with light drizzle on Friday...

Dharmapasha Health Complex facing acute staff shortage

OUR CORRESPONDENTS | 2024-09-18 00:00:00

Patients of Dharmapasha Upazila Health Complex in Sunamganj are being deprived of proper medical services due to a shortage of staff members.Sources said patients are not getting necessary medicare services in the health complex.In another development, the only X-ray machine...

Apple shares slip as shorter iPhone 16 shipping times signal soft demand

2024-09-18 00:00:00

Shares of Apple fell nearly 3 per cent on Monday after some analysts said delivery times for the new iPhone 16 Pro models indicated weaker-than-expected demand, possibly due to the delayed rollout of key artificial intelligence features, reports Reuters.Apple last...

China tells Italy: EU electric vehicle probe affecting investor confidence

2024-09-18 00:00:00

BEIJING, Sept 17 (Reuters): Chinese Commerce Minister Wang Wentao said on Monday the EU investigation into Chinese electric vehicles was seriously affecting Chinese car companies' confidence in investing in Italy, as a regional vote on additional tariffs looms.Cooperation between the...

Most Asian markets up ahead of Fed but Tokyo hit by strong yen

2024-09-18 00:00:00

HONG KONG, Sept 17 (AFP): Most Asian markets rose Tuesday but Tokyo sank more than one percent as exporters were hit by a stronger yen with traders gearing up for a bumper US interest rate cut and a key Japanese...

Indonesia's trade surplus beats forecast in August

2024-09-18 00:00:00

JAKARTA, Sept 17 (Reuters): Indonesia's trade surplus rose to a three-month high in August, topping forecasts, as exports grew much faster than expected, official data showed on Tuesday.The August trade data is among economic indicators the central bank will analyse...