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Cosmetic patchworks on a dead river cost Tk 15.55b

FHM HUMAYAN KABIR | 2024-10-19 00:00:00

A Tk 15.55-billion project has been taken for the recovery and beautification of the virtually dead river Ichamoti in Pabna under "high-quarter influence" during the past government, insiders said.The state-owned Bangladesh Water Development Board (BWDB) would demolish 22 bridges on...

Adviser Asif Nazrul hints at polls within 2025

2024-10-19 00:00:00

Asif Nazrul indicated that the next national elections in Bangladesh could 'realistically' be held sometime in 2025. The interim government plans to constitute a new Election Commission through a search committee, which will update the voter list and organise the...

Upstart digital banks face rocky rollout

JASIM UDDIN HAROON | 2024-10-19 00:00:00

A much-hyped rollout of digital banking in Bangladesh faces a rocky start with the maiden two stuck in licensing review and compliance quandary, sources say.The proposed Nagad Digital Bank faces licensing review and Kori Digital Bank struggles with compliance issues,...

Intel cuts 2,000 jobs as part of major restructuring effort

2024-10-19 00:00:00

Hillsboro, Oregon, Oct 18 (UNB) - Intel has announced the termination of over 2,000 employees across several US states, signalling a significant shift in its business strategy.This move follows the company's August declaration of mass layoffs, part of an effort...

Gold breaks above $2,700 to record high

2024-10-19 00:00:00

HONG KONG, Oct 18 (AFP) : Gold prices hit a record high above $2,700 on Friday as traders piled into the safe-haven commodity at a time of heightened geopolitical uncertainty, including in the Middle East after Israel said it killed...

Jute fibre's quality to be improved to boost use: Agri Secy

2024-10-19 00:00:00

Secretary of the Ministry of Agriculture Dr Mohammad Emdad Ullah Mian has said the use of jute will be increased by improving the quality of jute fibre and producing multipurpose jute products, reports BSS."For this purpose, the related research activities...

Businessmen urged not to raise essentials' prices

2024-10-19 00:00:00

GAIBANDHA, Oct 18 (BSS): Speakers at a function here have urged the businessmen not to raise the prices of all essentials without logical reasons.Due to natural disasters like floods, there has been a slight increase in the prices of some...

BASIS president Russell resigns

FE REPORT | 2024-10-19 00:00:00

President of the Bangladesh Association of Software and Information Services (BASIS) Russell T Ahmed stepped down from his position on Thursday, citing personal reasons in a resignation letter submitted to the trade body's executive committee and the ministry of commerce....

World Bank president focused on job creation ahead of annual meetings

2024-10-19 00:00:00

WASHINGTON, Oct 18 (AFP) : The World Bank will unveil plans to tackle job creation, gender disparities, and food security at next week's gathering of the world's finance ministers and central bankers in Washington, its president said in an interview.Ajay...

Two-day 'Bangladesh Remittance Fair' begins in NY Oct 20

2024-10-19 00:00:00

Two-day 'Bangladesh Remittance Fair' will begin at the Jamaica Performing Arts Centre in New York on October 20 to increase remittance flow from the USA to Bangladesh, reports BSS.The theme of the fair is 'New Opportunities, New Markets, New Partnerships'.The...

India's Vishal Mega Mart files for $950m IPO

2024-10-19 00:00:00

Indian budget supermarket chain Vishal Mega Mart on Thursday filed papers for an 80 billion rupee ($952 million) initial public offering, joining a growing list of companies tapping the country's bustling capital market, reports Reuters.The company will not issue new...

Blackstone tops profit estimate as its assets hit record

2024-10-19 00:00:00

NEW YORK, Oct 18 (Reuters): Blackstone beat Wall Street's expectations on its key quarterly earnings metric on Thursday, as the world's largest alternative investment firm's assets under management (AUM) hit a record $1.1 trillion and the value of its funds...

Global stocks edge up after China shares rally

2024-10-19 00:00:00

LONDON/TOKYO, Oct 18 (Reuters): Global shares edged higher on Friday, spurred by a rally in Chinese stocks on Beijing's latest policy steps to boost demand and also supported by robust US economic data out this week.MSCI's index of global stocks...

Jamuna Bank's Q3 profit jumps 38pc

FE REPORT | 2024-10-19 00:00:00

Jamuna Bank PLC posted an impressive 38 per cent year-on-year growth in profit for the third quarter (Q3) of this year, owing to higher interest and investment income along with increased income on commission, exchange and brokerage.The third generation private...

DSEX sinks below 5,300 mark as selloffs persist

FE REPORT | 2024-10-19 00:00:00

Stocks experienced another major setback this week, with the key index tumbling below the 5,300 mark for the first time in two and a half months, as jittery investors ramped up selloffs to avoid further erosion of their portfolios.The market...

Harris woos undecided US voters

2024-10-19 00:00:00

GREEN BAY, United States, Oct 18 (AFP): Kamala Harris rallied supporters in the swing state of Wisconsin on Thursday while Donald Trump stirred controversy with criticism of embattled ally Ukraine, as the rivals vied for the remaining undecided voters in...

World leaders arriving for UN climate confce

2024-10-19 00:00:00

BOGOTA, Oct 18 (AFP): Thousands of delegates from around the world are descending on Colombia for a summit on halting humankind's rapacious destruction of nature, with host city Cali on high alert after threats from guerrilla groups.The high-stakes UN biodiversity...

EU leaders urge new laws to speed up migrant returns

2024-10-19 00:00:00

BRUSSELS, Belgium, Oct 18 AFP): EU leaders called Thursday for urgent new legislation to increase and speed up migrant returns, after a Brussels summit that crystallised a rightward shift in the bloc's rhetoric.The 27 European leaders said their day-long talks...

Hamas mourns Sinwar, vows no hostage release until war ends

2024-10-19 00:00:00

JERUSALEM, Oct 18 (AFP): Hamas vowed on Friday it would not release the hostages it seized during its October 7 attack on Israel until the Gaza war ends, as it mourned the death of its leader, Yahya Sinwar."We mourn the...

India end Day 3 at 231/3, trail New Zealand by 125 runs in 1st Test

2024-10-19 00:00:00

BENGALURU, Oct 18 (IANS): Virat Kohli and Sarfaraz Khan smashed counter-attacking fifties before the former got out on last ball of day three as India reached 231/3 in 49 overs at stumps and trail New Zealand by 125 runs in...

New Zealand's openers Georgia Plimmer and Suzie Bates chatting

2024-10-19 00:00:00

New Zealand's openers Georgia Plimmer and Suzie Bates chatting during the ICC Women's T20 World Cup semifinal match against West Indies in Sharjah on Friday — ICC

England fall into spin trap

2024-10-19 00:00:00

MULTAN, Pakistan, Oct 18 (Agencies): Spinner Noman Ali took eight wickets as Pakistan crushed England by 152 runs in the second Test to level the series 1-1 on Friday in Multan.Noman grabbed 8-46 and Sajid Khan took 2-93 as the...

Hathurusingha lodges his dismissal as Tigers' head coach 'premeditated'

2024-10-19 00:00:00

Former Bangladesh head coach Chandika Hathurusingha cleared on Friday his stance regarding the allegations lodged against him and also claimed his dismissal to be premeditated. The disciplinary issues forced the Bangladesh Cricket Board (BCB) to terminate his contract. Hathurusingha added...

Anger against Shakib not unwarranted

2024-10-19 00:00:00

Law Adviser Asif Nazrul broke his silence on Shakib Al Hasan, saying he finds no illogicality in the public anger against the ace star cricketer, reports UNB.The allrounder was scheduled to return home on Thursday to play the first Test...

Murad replaces Shakib for first South Africa Test

2024-10-19 00:00:00

Bangladesh left-arm spinner Hasan Murad has replaced all-rounder Shakib Al Hasan for their first Test against South Africa next week, the Bangladesh Cricket Board (BCB) said on Friday, reports Reuters.Shakib had earlier said he was almost certain he will not...

Fighting inflation

2024-10-19 00:00:00

High inflation rate over the two and half years has diminished the purchasing power of people, causing financial strain and lowering living standards. In Bangladesh, rapidly growing inflation has led to soaring prices while incomes have not kept pace. Particularly,...

Benefits of sustainable living

2024-10-19 00:00:00

Is sustainable living just about saving our planet? It can also be about saving our wallets. Making small, thoughtful changes in our daily lives can yield significant benefits. Here are some ways to become Nature's warriors while building extra savings.With...

Commuters' 'love affairs' with metro rail ticket!

2024-10-19 00:00:00

It is an intriguing piece of news, no doubt. Dhaka Metro rail passengers have taken around 200,000 single-journey tickets with them instead of returning them after their rides. As a result, the operating company is facing difficulties in issuing tickets...

The problem of jobless growth

Syed Mansur Hashim | 2024-10-19 00:00:00

The World Bank's latest contentions as advanced in its Bangladesh Development Update will leave economists much to ponder upon. How the stellar progress of the economy in terms of GDP growth was accomplished without a corresponding increase in urban jobs,...

Saving cost, using local talent for project work

2024-10-19 00:00:00

With the reopening of the Mirpur-10 and Kazipara metro rail stations within months after it was vandalised by miscreants during the Anti-discrimination Student Movement supported by the masses, the interim government has proved wrong the deposed Hasina government's suggestion that...