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Abu Sayed murder case transferred to PBI

2024-08-13 00:00:00

RANGPUR, Aug 12 (UNB): The murder case of Abu Sayed, a student of Begum Rokeya University, Rangpur University who was killed by police gunfire during the anti-discrimination quota movement in Rangpur, has been transferred to the Police Bureau of Investigation...

Dr Yunus wants to face every case

FE REPORT | 2024-08-13 00:00:00

Chief Adviser Nobel laureate Prof Dr Muhammad Yunus did not well accept the attempts of the Anti-Corruption Commission (ACC) to withdraw a money-laundering case filed against him and 13 others, said his lawyer.In a briefing on Monday, his lawyer Barrister...

Ali Imam appointed special asst to CA

2024-08-13 00:00:00

Ali Imam Majumder, former cabinet secretary of Bangladesh, has been appointed special assistant to chief adviser Professor Muhammad Yunus, reports UNB.A notification, signed by Cabinet Secretary Md. Mahbub Hossain, was issued in this regard Monday evening.Majumder will enjoy the status...

TIB eyes a Bangladesh of democratic governance

FE REPORT | 2024-08-13 00:00:00

The youth-envisioned 'new Bangladesh' must ensure democratic and accountable governance that is free from discrimination, corruption and injustice including all forms of violation of human rights, Transparency International Bangladesh (TIB) expressed the hope on Monday.To mark the International Youth Day...

BNP gives govt time to ensure fair-poll environment

2024-08-13 00:00:00

BNP Secretary-General Mirza Fakhrul Islam Alamgir on Monday said they gave the Dr Muhammad Yunus-led Interim Government the necessary time for creating an atmosphere conducive to holding national elections."We have given this interim government the time required to create proper...

Briefing 2024-08-13

2024-08-13 00:00:00

Prayer Timings (2024-08-13)

2024-08-13 00:00:00

Congestion now spreads from ctg port to ICDs

SYFUL ISLAM | 2024-08-13 00:00:00

Congestion has spread from the Chittagong Port's jetties, yards and outer anchorage to inland container depots (ICDs).The port city's 19 ICDs now hold more than 15,000 twenty-foot equivalent units (TEUs) of export boxes, nearly double the usual storage of about...

Traffic police resume duties alongside students

2024-08-13 00:00:00

Traffic police resume duties alongside students, who had been managing vehicular movement across the country since August 6. The photo was taken from Dhaka's Motijheel area on Monday. — FE Photo by Shafiqul Alam

Editors' Council calls for scrapping repressive laws stifling free press

FE REPORT | 2024-08-13 00:00:00

The Editors' Council, a national organisation of newspaper editors in Bangladesh, has demanded immediate repeal of the laws restricting press freedom and silencing the independent press.The council also demanded the withdrawal of all harassment cases against journalists, including those filed...

Let moribund banks die, book banking scamsters

FE REPORT | 2024-08-13 00:00:00

Banks lying "clinically dead" and on the brink, surviving only through bailouts, should be allowed to close down, recommends a local think-tank in exhaustive redemption plans for banking and finance. For riddance from such problem banks, the Centre for Policy...

Extended Hasina stay won't affect BD-India ties, says Adviser

FE REPORT | 2024-08-13 00:00:00

Bilateral ties will not be affected if India allows former prime minister Sheikh Hasina a longer stay, said Foreign Affairs Adviser Md Touhid Hossain."Why will our ties be harmed if someone stays there? There is no reason to be so,"...

Inflation rockets 13yr high in July

FHM HUMAYAN KABIR | 2024-08-13 00:00:00

Inflation rocketed 13-year high to 11.66 per cent in July as food cost soared by a steep 14.10 per cent, the toghest month especially for the commoners, the last official disclosure showed.In a single month, the food inflation on a...

US stock index futures muted ahead of data-packed week with CPI in focus

2024-08-13 00:00:00

US stock index futures were subdued on Monday, as investors braced for a data-packed week, with focus on US consumer prices that will provide strong cues about Federal Reserve's interest rate move in September, reports Reuters.Markets rounded off last week...

Taiwan is punching well above its market weight

2024-08-13 00:00:00

HONG KONG, Aug 12 (Reuters Breakingviews): Taiwan's markets are not falling in line. The MSCI index comprised of Taiwanese stocks has dropped sharply in recent weeks but, unlike its peers in Japan and South Korea, has not come close to...

BT shares jump as Bharti eyes quarter of telecoms group

2024-08-13 00:00:00

LONDON, Aug 12 (AFP): Shares in British telecoms group BT jumped over six percent Monday after the conglomerate run by Indian tycoon Sunil Bharti Mittal agreed to buy almost one quarter of the company.BT said in a statement that Bharti...

Adani Group shares lose up to $19b after Hindenburg accusations against regulator

2024-08-13 00:00:00

BENGALURU, Aug 12 (Reuters): Adani Group companies lost as much as $19 billion in market value on Monday but recovered much of the losses after Hindenburg Research accused the head of India's market regulator of having links to offshore funds...

Asian stocks mostly rise as focus turns to US inflation data

2024-08-13 00:00:00

HONG KONG, Aug 12 (AFP): Asian markets mostly rose Monday as investors tried to move on from last week's upheaval fuelled by US recession worries, with focus shifting to the release of key inflation and retail data.After a painful collapse...

Vietnam plans electricity subsidies for EV charging stations

2024-08-13 00:00:00

HANOI, Aug 12 (Reuters): Vietnam is planning to subsidise electricity prices for electric vehicle (EV) charging stations, as part of its efforts to promote the use of EVs and meet its energy transition commitments.The subsidy scheme is due to be...

StanChart folds industries team into M&A, cutting over 20 jobs

2024-08-13 00:00:00

LONDON, Aug 12 (Reuters): Standard Chartered has folded its industries coverage team into its dedicated mergers and acquisitions advisory team, eliminating more than 20 roles globally to reduce duplication, a source with direct knowledge of the matter told Reuters.The move,...

S Korea holds emergency meeting as EV fires stir consumer fear

2024-08-13 00:00:00

SEOUL, Aug 12 (Reuters): South Korean officials met on Monday to discuss electric vehicle safety and whether to require car firms to disclose battery brands amid growing consumer concern after an EV blaze in an underground garage extensively damaged an...

Billions in dollar, euro notes reach Russia despite sanctions

2024-08-13 00:00:00

LONDON, Aug 12 (Reuters): Around $2.3 billion in dollar and euro bills have been shipped to Russia since the United States and EU banned the export of their banknotes there in March 2022 following the invasion of Ukraine, according to...

China's bond market rattled as central bank squares off with bond bulls

2024-08-13 00:00:00

SHANGHAI/HONG KONG, Aug 12 (Reuters): China's bond market, the world's second largest, is on edge following a turbulent week in which the central bank started intervening heavily to stem a plunge in yields even as the economy is struggling.But die-hard...

Joe Biden to tackle helpline wait times in pro-consumer push

2024-08-13 00:00:00

WASHINGTON, Aug 12 (Reuters): The Biden administration on Monday unvei-led new rules and efforts targeting consumer annoyances ranging from hard-to-cancel subscriptions, cumbersome insurance forms, and not being able to get a live customer service agent on the phone.The "Time is...

Minister launches 'Shorot Offer'

2024-08-13 00:00:00

Minister-MyOne Group has come up with 'Shorot Offer' for this autumn season, offering discounts on all products, including air conditioners (AC), refrigerators, and televisions, says a press release. Shorot Offer includes special discounts of up to 53 per cent on...

Stock brokers admit failing to hold BSEC to account

FE REPORT | 2024-08-13 00:00:00

Stock brokers have admitted their failure to hold the market watchdog to account for allowing listing of weak companies, one-sided regulatory decisions, and corruptions of its top officials in the last 15 years. "We acknowledge we could raise our voices...

Securities regulator needs overhaul to free it from political bias: DBA

FE REPORT | 2024-08-13 00:00:00

The DSE Brokers Association (DBA) of Bangladesh placed a 30-point demand, including a massive overhaul of the securities regulator and immediate removal of corrupt officials to ensure good governance. The past two chairmen of the Bangladesh Securities and Exchange Commission...

VietJet to take delivery of 10 Airbus jets this year

2024-08-13 00:00:00

HANOI, Aug 12 (Reuters): Vietnamese budget carrier VietJet said it will take delivery of up to 10 Airbus jets this year, at a time when local airlines are facing a shortage of aircraft due to engine recalls by manufacturers and...

Social Islami Bank holds view-exchange meeting

2024-08-13 00:00:00

Managing Director & CEO of Social Islami Bank Zafar Alam held a view-exchange meeting with the senior executives at the bank's head office on Sunday. Mohammad Forkanullah, Abdul Hannan Khan and Mohammad Habibur Rahman, Deputy Managing Directors of the bank,...

BACK TO BUSINESS

2024-08-13 00:00:00

With the situation returning to normal after installation of the interim government, businesses and shops have reopened gradually. The photo shows a customer coming out of a jewellery shop at Baitul Mukarram Market in the city on Monday.