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Rangpur beat Khulna by 8 runs in BPL

2025-01-14 00:00:00

Rangpur Riders beat Khulna Tigers by eight runs in the Bangladesh Premier league (BPL) at Sylhet International Cricket Stadium in Sylhet on Monday, report agencies.Akif Javed of Rangpur starred with the ball, claiming 3 wickets for 29 runs in his...

HC rejects writ challenging formation of interim govt

FE REPORT | 2025-01-14 00:00:00

The High Court on Monday summarily rejected a writ petition that challenged the formation and oath of the interim government, headed by Prof Dr Muhammad Yunus.The HC bench of Justice Fatema Najib and Justice Sikder Mahmudur Razi passed the order,...

FY25 RADP may see Tk 490b cuts

FHM Humayan Kabir | 2025-01-14 00:00:00

The interim government is likely to finalise a Tk 2.16 trillion Revised Annual Development Programme (RADP) for FY25 by trimming down current allocations by Tk 490 billion, officials said on Monday.The Bangladesh Planning Commission is set to cut higher funds...

BB allows local agent firms to open FCA

FE REPORT | 2025-01-14 00:00:00

Bangladesh Bank has allowed local companies working as agents to open and maintain foreign currency accounts (FCA) in the name of Agent's Retention Quota (ARQ) to facilitate foreign trade."To meet bonafide needs, it has been decided that such companies /firms...

Govt confident of achieving target

YASIR WARDAD | 2025-01-14 00:00:00

Food adviser Ali Imam Majumder has expressed his optimism to achieve the Aman procurement target with intent to make a handsome public food stock to ensure better food security.In a meeting at the secretariat on Monday, he placed great emphasis...

JnU students agitate for 2nd campus

FE REPORT | 2025-01-14 00:00:00

The agitating students of Jagannath University (JnU) withdrew their hunger strike on Monday night after the government authorities assured them of meeting their demands.Earlier on Sunday, the students launched the strike in front of the secretariat as part of their...

Deposed PM Hasina, British MP Tulip, others sued for graft

FE REPORT | 2025-01-14 00:00:00

Deposed prime minister Sheikh Hasina, her sister Sheikh Rehana, Rehana's daughter British MP Tulip Siddiq and others have been sued for alleged irregularities in plot allocations under the Purbachal New Town Project.The Anti-Corruption Commission (ACC) filed Monday three cases also...

FICCI worried over impact on business cost, consumers

FE REPORT | 2025-01-14 00:00:00

The Foreign Investors' Chamber of Commerce and Industry (FICCI) has expressed concern over the increase in VAT and Supplementary Duty (SD) on various products without prior consultation with respective stakeholders. The hike in VAT, SD, and other taxes will not...

Railway saves over Tk 16b in two projects

Munima Sultana | 2025-01-14 00:00:00

Bangladesh Railway has saved over Tk 16 billion in two projects involving new track development on the Dhaka-Chattogram rail corridor and the Akhaura-Agartala line after final revisions.Sources say reduced estimations have been proposed for contingency, resettlement, transport procurement, and administrative...

Bangladesh strategically important to India

FE Report | 2025-01-14 00:00:00

Indian Army Chief General Upendra Dwivedi on Monday said Bangladesh is strategically important to India."As of today, there is no vulnerability from any side," he said during the annual press conference organised on the occasion of the country's Army Day,...

NBR eyes most of Tk 120b from four prohibitively taxed items

DOULOT AKTER MALA | 2025-01-14 00:00:00

Over one-third of the projected Tk 120 billion in additional revenues that the government expects in the next six months through a surprise VAT hike will come from four prohibitively taxed items, officials say.These include cigarettes, artificially flavored drinks, and...

Dry weather likely today,...

2025-01-14 00:00:00

Weather may remain mainly dry with temporary partly cloudy sky over the country in the next 24 hours from 06:00 am today (Tuesday), according to the Met Office. Moderate to thick fog may occur at places over the country during...

Sacked trainee SIs stage demo seeking reinstatement

2025-01-14 00:00:00

FE REPORT Dismissed trainee sub-inspectors (SIs) of the 40th (cadet) SI batch of Bangladesh Police staged on Monday a demonstration  outside Bangladesh Secretariat demanding reinstatement to their positions.The protestors said that 321 sub-inspectors had been unfairly dismissed during their training...

UIU holds 2nd Undergraduate Research Symposium

2025-01-14 00:00:00

The School of Business and Economics of United International University (UIU) on Monday organised the award-giving ceremony of the 2nd nationwide inter-university research competition, said a statement.The competition, titled "Undergraduate Research Symposium (URS) 2024", was held at 10:00 AM at...

JU VC meets CA, apprises him of JUCSU polls

FE REPORT | 2025-01-14 00:00:00

Vice-Chancellor (VC) of Jahangirnagar University (JU) Professor Dr Mohammad Kamrul Ahsan called on Chief Adviser Professor Dr Muhammad Yunus at the State Guest House Jamuna on Monday.Professor Kamrul Ahsan apprised the Chief Adviser of the role of his leadership in...

BD air quality worst in Bay of Bengal region

YASIR WARDAD | 2025-01-14 00:00:00

Bangladesh and its cities are grappling with worst air pollution for factors like construction activities, brick kilns, industrial operations, power generation and transboundary pollutants.Heavy metals in the air, particularly in Dhaka and its outskirts, including Gazipur, rank Bangladesh the worst...

NCC BANK HOLDS ORIENTATION PROGRAMME FOR NEW ASSISTANT OFFICERS

2025-01-14 00:00:00

NCC BANK HOLDS ORIENTATION PROGRAMME FOR NEW ASSISTANT OFFICERSNCC Bank arranged a daylong 'Orientation Programme' for newly recruited 53 Assistant Officers at the NCC Bank Training Institute recently. M Shamsul Arefin, Managing Director of the bank, inaugurated the event as...

BANK ASIA SIGNS AGREEMENT WITH RANCON MOTORBIKES

2025-01-14 00:00:00

BANK ASIA SIGNS AGREEMENT WITH RANCON MOTORBIKESBank Asia PLC has signed an agreement with Rancon Motorbikes Limited, the official sole distributor of Suzuki motorcycles & scooters in Bangladesh. Senior Executive Vice President of Bank Asia Md Shaminoor Rahman and Divisional...

SOUTHEAST BANK TRAINING INSTITUTE HOLDS DAY-LONG TRAINING

2025-01-14 00:00:00

SOUTHEAST BANK TRAINING INSTITUTE HOLDS DAY-LONG TRAINING Southeast Bank Training Institute recently organised a daylong in-house training programme titled 'Project Appraisal, Selection, Monitoring and Credit Risk Management' to enhance professional knowledge and promote prudent lending practices. The training sessions were...

LNG exporter Venture Global seeks up to $110b valuation in blockbuster US IPO

2025-01-14 00:00:00

Venture Global is targeting up to $110.38 billion valuation in its US initial public offering, the liquefied natural gas exporter said on Monday, setting the stage for 2025's first blockbuster stock market flotation, reports Reuters.The Arlington, Virginia-based company is seeking...

Mashrur Arefin reappointed as City Bank MD

2025-01-14 00:00:00

Mashrur Arefin has been reappointed as Managing Director and CEO of City Bank for the next three years. Following the approval of the bank's Board of Directors, Bangladesh Bank approved his reappointment on Monday, says a statement. Mr Arefin first...

BSEC resolves 85pc of investor complaints thru CCAM in 2024

FE REPORT | 2025-01-14 00:00:00

The Bangladesh Securities and Exchange Commission (BSEC) addressed around 85 per cent of investor complaints submitted online through its Customer Complaints Address Module (CCAM) in 2024. The complaints, which covered issues such as non-payment of cash dividends, stock dividends, sale...

UNION BANK STAGES SIT-IN FOR RECOVERY OF DEFAULTED INVESTMENT

2025-01-14 00:00:00

UNION BANK STAGES SIT-IN FOR RECOVERY OF DEFAULTED INVESTMENTIn an effort to increase customer confidence and strengthen its financial position, Union Bank PLC has launched several initiatives to recover defaulted investments. As part of this effort, executives and officers from...

US announces new restrictions on AI chip exports

2025-01-14 00:00:00

SAN FRANCISCO, Jan 13 (AFP) : The United States on Monday unveiled new export rules on advanced computing chips used for artificial intelligence, aiming to facilitate sales to allied nations and further curb access to countries like China.The restrictions, which...

Islami Bank achieves 'Branding Award 2025'

2025-01-14 00:00:00

Islami Bank achieves 'Branding Award 2025'Islami Bank Bangladesh PLC received the 'Branding Award 2025' presented by the Centre for NRB for its significant role in branding Bangladesh globally. The award was presented at the inaugural ceremony of the World Conference...

China saw booming exports in 2024 as Trump tariffs loom

2025-01-14 00:00:00

BEIJING, Jan 13 (AFP) : China's exports surged to a record high in 2024, providing a much-needed boost for the economy as the prospect of biting tariffs imposed by US president-elect Donald Trump looms.Overseas shipments represented a rare bright spot...

Deputy General Manager of the Remittance Division of Rupali Bank PLC AKM Zakir Hossain

2025-01-14 00:00:00

Deputy General Manager of the Remittance Division of Rupali Bank PLC AKM Zakir Hossain receives an award on behalf of the bank for its place among the top ten remittance collection banks. Foreign Affairs Adviser Md Touhid Hossain handed over...

Drugmaker GSK buys US firm focused on gastro cancer

2025-01-14 00:00:00

LONDON, Jan 13 (AFP) : British pharmaceutical company GSK on Monday said it had agreed to buy a US company that specialises in the treatment of rare gastrointestinal cancer GIST.GSK said in a statement that it had agreed to acquire...

Concerted efforts needed to foster bilateral trade

2025-01-14 00:00:00

FE REPORT Businessmen of Bangladesh and Pakistan stressed the need for making combined efforts to enhance bilateral trade and investment for the mutual benefits of the two brotherly countries.They also laid emphasis on discovering the unexplored potential in the two...

BB allows payment of licence renewal fee using BEFTN

2025-01-14 00:00:00

Bangladesh Bank (BB) has allowed payment of non-refundable licence renewal fee using Bangladesh Electronic Fund Transfer Network (BEFTN), reports BSS."In order to ease the payment of licence renewal fee, it has been decided that Licenced Money Changers shall deposit the...