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Case filed against 220 BCL leaders over brutal attack in peaceful DU protest

DU CORRESPONDENT | 2024-10-28 00:00:00

As many as 220 Chhatra League activists were accused in a case filed on Sunday for brutally attacking and injuring students who participated in a peaceful movement in Dhaka University (DU) during this year's mass uprising, which ultimately turned into...

Train schedule becomes normal

FE REPORT | 2024-10-28 00:00:00

Train schedule from Kamalapur Rail Station in the city almost became normal on Sunday, barring only three express trains. The movement of all trains to and from the central station of the country remained suspended from 12:15 pm on Friday...

Six more die in 24 hrs

2024-10-28 00:00:00

Six more deaths due to dengue were reported in the 24 hours leading up to Sunday morning, raising the total fatalities from the mosquito-borne disease in Bangladesh to 277 this year, reports UNB.In the recent fatalities, two were reported in...

Donation to Zakat Fund tax-exempted

FE REPORT | 2024-10-28 00:00:00

The National Board of Revenue (NBR) has exempted from taxes the donations to the Zakat Management Fund (ZMF), a public-welfare entity.Taxpayers would enjoy a waiver on payment of taxes on the amount donated to the ZMF, according to a Statutory...

$1.95b remitted home in 26 days of October

SAJIBUR RAHMAN | 2024-10-28 00:00:00

Expatriates sent nearly US$1.95 billion in remittances to Bangladesh during the first 26 days of October, according to the Bangladesh Bank (BB) data released on Sunday.They sent nearly $1.53 billion remittances to the country during the first 19 days of...

Setting national minimum wage required for decent pay: Study

FE REPORT | 2024-10-28 00:00:00

To ensure decent wages for all workers, setting a national minimum wage is required, according to the recommendations of a study, findings of which were presented at a roundtable organised by Bangladesh Institute of Labour Studies (BILS).Mostafiz Ahmed, associate professor,...

10 ex-ministers among 20 shown arrested, 17 face warrant

FE REPORT | 2024-10-28 00:00:00

Deposed regime's 10 ministers are among 20 heavyweights being put to trial at the first go on allegations of committing crimes against humanity and genocide during the July-August uprising in Bangladesh.Those shown arrested by the International Crimes Tribunal (ICT) also...

Onion unchanged, veg prices drop

FE REPORT | 2024-10-28 00:00:00

Prices of onion remained static at its previous high on Sunday, while various seasonal vegetables showed a further fall.The retail price of local onion remained unchanged at Tk 145-155 a kg on the day, while imported Indian onion sold at...

45 members of criminal gangs arrested in city

2024-10-28 00:00:00

Joint forces have arrested 45 members of criminal gangs, including 'teen gangs', from different parts of the capital on charges of mugging and extortion, report agencies.Since the fall of the Awami League government, the Mohammadpur area has become one of...

Some 2.0m e-returns expected this year

DOULOT AKTER MALA | 2024-10-28 00:00:00

Some 2.0 million electronic tax returns are expected this year following encouraging responses from taxpayers, as the revenue board is transitioning from the cumbersome manual filings. Both electronic tax -return registration and submission have surged significantly after the National Board...

Prayer Timings (2024-10-28)

2024-10-28 00:00:00

CJ sends proposal for separate secretariat for judiciary

FE REPORT | 2024-10-28 00:00:00

Chief Justice Syed Refaat Ahmed on Sunday sent a proposal to the Ministry of Law, Justice, and Parliamentary Affairs seeking its initiatives to establish a separate secretariat for the judiciary.The proposal was sent after receiving opinions from the judges of...

Call money heats up but treasuries stay steady

SIDDIQUE ISLAM AND JUBAIR HASAN | 2024-10-28 00:00:00

Call money in interbank transactions heats up while treasuries stay steady following the policy-rate hike by the central bank in government bid for taming stubborn inflation.Bankers said the interbank call-money rate marked a significant rise Sunday. The weighted average rate...

BD continues to rank low in law and order

FE REPORT | 2024-10-28 00:00:00

Bangladesh has ranked 127th out of 142 countries in global law-and-order index in 2024, according to a survey report, evidently as the year sees political upheavals. This ranking has, however, remained unchanged since 2022. In 2021, the country ranked 124th.The...

Stocks in free fall amid political uncertainty, rising interest rates

FE REPORT | 2024-10-28 00:00:00

The key index of the Dhaka Stock Exchange (DSE) tumbled below 5,000 points on Sunday after four years amidst political uncertainties and an increase in the policy rate designed to tame soaring inflation. Market analysts also blame regulatory measures taken...

China's market rollercoaster claims another fund

2024-10-28 00:00:00

SHANGHAI/SINGAPORE, Oct 27 (Reuters): Shanghai Power Asset Management Co has apologised to investors and shut its arbitrage strategy after heavy losses, the latest China hedge fund bruised by wild gyrations in the market since authorities vowed to support the economy...

Saudi Aramco's Wa'ed Ventures earmarks $100m for AI investments

2024-10-28 00:00:00

RIYADH, Oct 27 (Arab News): Saudi Arabia's $500 million venture capital fund, Wa'ed Ventures, a wholly-owned subsidiary of Aramco, has earmarked $100 million to invest in artificial intelligence startups. The initiative aligns with the Kingdom's ambition to position itself as...

Europe's return to zero rates?

2024-10-28 00:00:00

LONDON, Oct 27 (Reuters): If markets are correct, inflation-adjusted European Central Bank interest rates could be back negative by the middle of next year - and a return to zero policy rates cannot now be dismissed.The sands under ECB easing...

UBS Global Wealth Management lifts global equities stance to 'attractive'

2024-10-28 00:00:00

UBS Global Wealth Management has raised its stance on global equities to "attractive" from "neutral", citing resilient US economic growth, monetary policy easing by major central banks and an artificial intelligence (AI) boom, reports Reuters."Economic growth is remarkably resilient and...

PUBALI BANK HOLDS PLANTATION EVENT

2024-10-28 00:00:00

Pubali Bank recently organised a tree plantation programme at Dhaka University (DU) as part of its corporate social responsibility. Professor Dr. Niaz Ahmed Khan, vice-chancellor of DU, was present as the chief guest. Mohammad Ali, managing director of the bank,...

MTB SIGNS DEAL WITH WEGRO, SYNGENTA

2024-10-28 00:00:00

Mutual Trust Bank (MTB) signed a tripartite agreement with WeGro and Syngenta to scale up lending to marginal farmers. Farmers will be allowed to borrow through the bank's mobile app to procure inputs from designated outlets of Syngenta for farming....

SOUTHEAST BANK WORKS ON CAPACITY DEV WITH BB

2024-10-28 00:00:00

Southeast Bank conducted a day-long capacity development programme on sustainable finance on Sunday at the bank's training institute in collaboration with the Bangladesh Bank (BB). Divisional heads, executives, and officials from relevant head office divisions, along with all branch heads,...

Runner makes a comeback from rock bottom

FE REPORT | 2024-10-28 00:00:00

Motorcycle manufacturer Runner Automobiles secured a huge recovery in FY24 from last year's heavy loss as the sales of three wheelers picked up.It is, however, still in the red.Runner made a loss of Tk 61 million in the year through...

SARCO, BIAC on strengthening partnerships to resolve disputes

2024-10-28 00:00:00

SAARC Arbitration Council (SARCO), in collaboration with Bangladesh International Arbitration Centre (BIAC), held a seminar recently on strengthening partnerships and navigating disputes at the InterContinental Dhaka.The programme was titled "Elevating Bangladesh's Trade and Commerce: ADR's Role in Navigating Disputes and...

LankaBangla Finance's income gets a 605pc boost from high interest rates

FE REPORT | 2024-10-28 00:00:00

LankaBangla Finance posted an impressive 605 per cent year-on-year growth in profit to Tk 261 million in the third quarter (Q3) this year, riding on higher net interest income and investment income.The non-bank financial institution's consolidated earnings per share (EPS)...

Olympic Industries declares low dividend despite profit growth

FE REPORT | 2024-10-28 00:00:00

Olympic Industries secured an 18 per cent growth in profit to Tk 1.83 billion in FY24 over the previous year, riding on higher sales and efficient cost management.Despite the profit growth, the board of directors recommended a 10 per cent...

Nitol Insurance marks 25th anniversary

2024-10-28 00:00:00

Nitol Insurance Company Ltd celebrated its 25th anniversary with a programme at the Nirapad Auditorium of the Head Office in Dhaka recently. Chairman A K M Monirul Hoque, Vice Chairman Zobair Humayun Khandaker, EC Chairman & Director Naeema Hoque, Director...

BANGLADESH COMMERCE BANK HOLDS BUSINESS REVIEW MEETING

2024-10-28 00:00:00

Bangladesh Commerce Bank Limited held a Business Review Meeting-2024 for Rajshahi, Rangpur, Khulna and Barishal Divisions in Rajshahi on Sunday. Chairman of the Board of Directors Md Ataur Rahman was present as the chief guest while Chairman of the Board...

First Security Islami Bank opens new Agent Banking Outlet -

2024-10-28 00:00:00

First Security Islami Bank inaugurated Chinatola Bazar Agent Banking Outlet under Keshabpur branch, Jashore, on Sunday with a view to providing Shariah-based modern banking services to rural clients. Ahmed Ashique Raazi, Head of Khulna Zonal Office, along with other officials...

Prime Bank introduces 'Salary in Advance' feature in mobile app

2024-10-28 00:00:00

Prime Bank PLC has introduced a new feature allowing payroll banking customers to withdraw 'salary in advance'. Prime Bank PLC and Dutch-Bangla Pack Limited has recently signed an agreement under which employees of Dutch-Bangla Pack can withdraw salary in advance...