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Seven-year-old Musa sent to Singapore for treatment

FE DESK | 2024-10-23 00:00:00

Basit Khan Musa, who has been fighting for his life for the last 94 days, was sent to Singapore on Tuesday for better medical treatment.Seven-year-old Musa was shot in the head on July 19 near his residence in Rampura during...

State entities must directly deposit DSL with exchequer

FE REPORT | 2024-10-23 00:00:00

State-owned entities will be required to directly deposit their debt-service liability (DSL) with the exchequer through automated chalan to avoid payment delay and account mismatch, officials said, as arrears ballooned.The ministry of finance made the decision last week as arrears...

Investors flee thematic ETFs as stock benchmarks soar

2024-10-23 00:00:00

Investors are leaving exchange-traded funds tied to specific themes, such as artificial intelligence and video gaming, as they flock to funds linked to broad stock-market benchmarks that are hitting record highs, reports Reuters.The run for the exits, however, may slow...

Dealmakers expect bigger European private equity buyouts

2024-10-23 00:00:00

LONDON, Oct 22 (Reuters): Buyout fund CD&R's keenly awaited 16 billion euro ($17.36 billion) deal to take control of Sanofi's consumer health unit, could herald an upsurge in big private equity transactions in Europe, investors and analysts say.A record amount...

Most Asian markets drop as traders weigh US rates outlook

2024-10-23 00:00:00

HONG KONG, Oct 22 (AFP): Most Asian markets turned lower Tuesday after a negative lead from Wall Street fuelled by profit-taking, while traders try to ascertain the outlook for US interest rates.Comments from top Federal Reserve officials suggesting they would...

EU lawmakers approve new $38 bn loan for Ukraine

2024-10-23 00:00:00

STRASBOURG, France, Oct 22 (AFP): The European Parliament on Tuesday voted to hand war-torn Ukraine a loan of up to 35 billion euros ($38 billion) backed by profits from frozen Russian assets.Kyiv is desperate for funds as it seeks to...

Third Quarter Business Conference-2024 held by South Asia Insurance Company Limited

2024-10-23 00:00:00

Recently, the Third Quarter Business Conference-2024 of South Asia Insurance Company Limited was held. Chief Executive Officer Muhammad Nurul Alam Chowdhury presided over the conference. Also present were the company's Additional Managing Director Muhammad Barik Murshid, high officials of head...

BGMEA administrator starts office

2024-10-23 00:00:00

Newly appointed administrator to Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Md Anwar Hossain started his office at BGMEA complex on Monday.Mr. Hossain, also Vice Chairman of Export Promotion Bureau (EPB), reached the complex in the capital's Uttara area on...

AB Bank signs MoU with Heritage Resort

2024-10-23 00:00:00

AB Bank and Heritage Resort signed a Memorandum of Understanding (MoU) under which AB Bank cardholders will enjoy special discounts (up to 30% discount on weekend and up to 40% discount on weekdays) on room rent at the Resort. Tarique...

Govt moves to boost rural employment with new development projects

2024-10-23 00:00:00

In an effort to revitalize rural economies and generate employment, the Interim Government has initiated new development projects aimed at injecting fresh capital into rural areas. At the same time, it plans to amend and refine ongoing projects that were...

Sadharan Bima to use Sonali Bank payment gateway

2024-10-23 00:00:00

Sadharan Bima Corporation and Sonali Bank PLC signed a payment gateway agreement on Monday, says a press release. Under the agreement the Sonali Bank payment gateway will be used to collect insurance premiums and other fees and charges from insurance...

'Konka Shera Poribar' returns with Season 3

2024-10-23 00:00:00

The family reality game show 'Konka Shera Poribar', brought to you by the country's leading consumer electronics and home appliance brand Konka, is all set to return. Following the success of its first two seasons, the show is back for...

MTB remains strong due to good corporate governance

FE REPORT | 2024-10-23 00:00:00

Mutual Trust Bank (MTB) has remained strong due to its good corporate governance amid the challenges facing the country's financial sector, its Managing Director & CEO Syed Mahbubur Rahman said on Tuesday."We uphold a strong position for the good governance...

Singer sustains losses in Q3 as political crisis, floods weigh

FE REPORT | 2024-10-23 00:00:00

Singer Bangladesh suffered a net loss of Tk 185 million in the third quarter (July-September) of this year, due mainly to lower than expected sales amid recent political crisis and devastating floods.However, the multinational electronic and home appliance manufacturer made...

Heidelberg sees loss in Q3 on lower sales

FE REPORT | 2024-10-23 00:00:00

Heidelberg Materials Bangladesh, a multinational cement maker, reported a loss of Tk 7.96 million for the third quarter (Q3) this year due to decreased sales volume amid an economic slowdown. Although the company posted profits in the previous two quarters...

NCC BANK DISTRIBUTES AGRI INPUTS AMONG FARMERS IN PABNA

2024-10-23 00:00:00

NCC Bank has distributed agricultural inputs free of cost among 600 marginal onion farmers in Sujanagar and Santhia upazilas, Pabna, as part of its corporate social responsibility to increase agricultural production. The farmers received onion seeds and mango seedlings at...

First Security Islami Bank opens new Agent Banking Outlet

2024-10-23 00:00:00

First Security Islami Bank inaugurated 'Tomaltola More Bazar Agent Banking Outlet' on Sunday with a view to providing Shariah-based modern banking services to rural clients. Md. Rezaul Islam, Head of Rajshahi Zonal Office, inaugurated the outlet as the chief guest....

MIDLAND BANK SIGNS MOU WITH SEA PEARL BEACH RESORT

2024-10-23 00:00:00

Midland Bank PLC (MDB) signed an MoU with Sea Pearl Beach Resort & Spa situated in Cox's Bazar recently. Sea Pearl Beach Resort is located on Inani beach, Cox's Bazar. Under the MoU, all MDB Visa Debit, Credit and Prepaid...

17th Bangladesh Denim Expo begins in Dhaka Nov 4

2024-10-23 00:00:00

The 17th edition of the Bangladesh Denim Expo is scheduled to take place on November 4-5 at the International Convention City, Bashundhara (ICCB) in Dhaka to showcase the country's thriving denim industry, reports UNB.It will also bring together manufacturers, suppliers,...

UAE assures Dhaka of early visa issue disposal

2024-10-23 00:00:00

Ambassador of United Arab Emirates (UAE) Abdulla Ali AlHmoudi has assured Dhaka of early disposal of the visa issues for the Bangladeshi nationals, reports BSS. He made the assurance at a courtesy call on foreign secretary Md. Jashim Uddin, at...

Chief Adviser to join COP29 Summit in Azerbaijan in Nov

2024-10-23 00:00:00

Chief Adviser Prof Muhammad Yunus is expected to join the COP29 Summit at the Azerbaijan capital in November, reports UNBAt least 32,000 people will get together there to mainly discuss the thorny issue of climate finance.Once finalised, the Chief Adviser...

EU apparel imports drop 3.63pc, Bangladesh's exports fall 3.53pc

2024-10-23 00:00:00

The European Union's apparel imports saw a 3.63% decline from January to August 2024 compared to the same period in 2023, reflecting a broader global trend of reduced apparel consumption. According to the latest data, total imports dropped from US$...

News in Brief -2024-10-23

2024-10-23 00:00:00

Morales supporters paralyse Bolivia LA PAZ, Oct 22: Bolivians are facing fuel shortages and soaring prices after a week of roadblocks by supporters of former president Evo Morales, who is under investigation for allegedly abusing a minor during his time...

India wants peace in Ukraine

2024-10-23 00:00:00

KAZAN, Oct 22 (Reuters): India's Narendra Modi told Russian President Vladimir Putin on the eve of the BRICS summit that he wanted peace in Ukraine and that New Delhi was ready to help achieve a truce to end Europe's deadliest...

AI to help doctors spot broken bones on X-rays

2024-10-23 00:00:00

LONDON, Oct 22 (BBC): Artificial intelligence (AI) has the potential to reduce the number of broken bones missed when doctors analyse X-rays, according to the National Institute for Health and Care Excellence (NICE).The health assessment body says research suggests the...

Resolution reached with India on contested border issues, says China

2024-10-23 00:00:00

BEIJING, Oct 22 (AFP): China said Tuesday it had reached a "resolution" with India over issues related to their disputed border, after New Delhi said it had struck a deal with Beijing for military patrols along the frontier.China and India,...

Harris, Trump seek to win over undecided voters

2024-10-23 00:00:00

NEW YORK, Oct 22 (Reuters): Democratic presidential candidate Kamala Harris and her Republican rival, Donald Trump, delivered radically different messages on the US campaign trail on Monday as they sought to win over undecided voters in the two weeks before...

Israeli strike kills 13 near S Beirut hospital

2024-10-23 00:00:00

BEIRUT, Oct 22 (BBC): At least 13 people, including a child, have been killed in an Israeli air strike near Lebanon's largest public hospital in southern Beirut, according to the Lebanese health ministry.Another 57 people were injured, seven critically, when...

War has knocked Gaza back to 1950s: UNDP

2024-10-23 00:00:00

GAZA, Oct 22 (Reuters): The war between Israel and Hamas has devastated the Palestinian economy and left nearly all of Gaza's population in poverty, with quality of life indicators such as health and education knocked back 70 years, the United...

England pick third spinner for final Test against Pakistan

2024-10-23 00:00:00

RAWALPINDI, Pakistan, Oct 22 (AP): A dry pitch prepared with the help of industrial-sized fans and outdoor heaters has lured England to go with a three-pronged spin attack including Rehan Ahmed against Pakistan for the series-deciding third test starting on...