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Tuku, Palak and Shaikat put on 10-day remand

FE REPORT | 2024-08-16 00:00:00

Three persons, including former deputy speaker Shamsul Haque Tuku and ex-state minister for ICT Zunaid Ahmed Palak, have been placed on 10-day remand each in a case filed over the 'killing' of rickshaw-puller Kamal Mia during the student movement.Another accused...

Events in BD a reminder of freedom and liberty: Indian CJ

2024-08-16 00:00:00

Chief Justice of India D.Y. Chandrachud on Independence Day said events in neighbouring Bangladesh were a clear reminder to not take our freedom and liberty for granted, according to a report published on The Hindu of India."Independence Day reforges the...

Prayer Timings (2024-08-16)

2024-08-16 00:00:00

Central bank officers seek autonomy, sweeping reforms

FE REPORT | 2024-08-16 00:00:00

A platform of the central bank officers has demanded complete autonomy for the Bangladesh Bank (BB) by establishing administrative, operational and financial-expenditure independence.To ensure full independence, BB officers under the banner of the Bangladesh Bank Officers Welfare Council on Thursday...

Shahid Uddin made Dhaka WASA MD as Taqsem quits

FE REPORT | 2024-08-16 00:00:00

Deputy Managing Director (DMD) of Dhaka WASA Engineer AKM Shahid Uddin has been appointed Managing Director of the agency after Taqsem A Khan resigned from the post.The new MD took over on Thursday after the Local Government, Rural Development and...

Forthcoming $1.20b from four major financiers

FHM HUMAYAN KABIR | 2024-08-16 00:00:00

A sum of some US$1.20 billion is expected to come from four major development partners willing to support Bangladesh's interim government in economic recovery, officials said, as the country's forex reserves have long been on depletion.The Ministry of Finance (MoF)...

Adani cuts power output by half

M AZIZUR RAHMAN | 2024-08-16 00:00:00

Electricity generation from Adani Power Jharkhand Ltd (APJL) has been slashed by almost half following a recent amendment to the Indian Power Export Guideline allowing supply to their domestic market.According to data available with the Bangladesh Power Development Board (BPDB),...

Deposed AL out to fuel unrest with India's help, says Fakhrul

FE REPORT | 2024-08-16 00:00:00

Bangladesh Nationalist Party Secretary-General Mirza Fakhrul Islam Alamgir said on Thursday that the deposed Awami League (AL) wanted to fuel unrest in the country by creating communal disharmony with the help of India. "Awami League has a target to destabilise...

3 more cases filed against Sheikh Hasina

FE REPORT | 2024-08-16 00:00:00

Three more cases were filed on Thursday against deposed Prime Minister Sheikh Hasina, her cabinet members and police high-ups on charges of crimes against humanity, genocide and murder.An application was filed with the International Crimes Tribunal in Dhaka on charges...

15th August observed

FE REPORT | 2024-08-16 00:00:00

The 15th August that marks the assassination of Bangladesh's independence leader Bangabandhu Sheikh Mujibur Rahman was observed on Thursday. On this day in 1975, Sheikh Mujibur Rahman along with most of his family members and relatives were killed by a...

Modi voices concern over safety of Hindus in BD

2024-08-16 00:00:00

Indian Prime Minister Narendra Modi on Thursday said 1.4 billion Indians are worried about the safety of Hindus in Bangladesh, who have faced attacks during the recent political unrest in the country following the ouster of Prime Minister Sheikh Hasina,...

Political chaos could lead to BD credit downgrade: Fitch

FE REPORT | 2024-08-16 00:00:00

Fitch Ratings said on Thursday that the fall of the Awami League government, following protests in July and August, raised uncertainty about the sovereign's credit profile."Downward pressure on Bangladesh's rating could increase if the political transition faces challenges, including prolonged...

Educational insts to reopen Sunday

2024-08-16 00:00:00

The government has decided to reopen all educational institutions on Sunday and resume HSC and equivalent examinations on September 11. The institutions had been closed for about a month, report agencies.The Ministry of Education issued a notification signed by Rahim...

UN fact-finding team coming next week

FE REPORT | 2024-08-16 00:00:00

A UN technical team arrives in Dhaka from Geneva next week to collect preliminary information on the atrocities and killings that took place during the recent protests in Bangladesh, in the process of assisting smooth transition."We have some technical colleagues...

Interim govt to get new advisers, oath today

2024-08-16 00:00:00

The interim government, led by Prof Muhammad Yunus, is getting expanded with new faces, report agencies.The swearing-in ceremony of the new advisers will be held at 4pm today at Bangabhaban. A press release of the Bangabhaban press wing was issued...

Financials of S. Alam family under probe

DOULOT AKTER MALA | 2024-08-16 00:00:00

Banks and financial institutions (FIs) have been asked by the revenue authority to submit account- and credit-card details of the S. Alam family members on suspicion of concealment of financial information.Saiful Alam, the owner of upstart S. Alam Group of...

Russia's fuel supplies to Asia via Africa hit record high in July, LSEG data shows

2024-08-16 00:00:00

MOSCOW, Aug 15 (Reuters): Russia's seaborne exports of oil products to Asia via the Cape of Good Hope almost doubled month-on-month in July to a record high of 1.1 million metric tons, as more vessels take the route around Africa...

Gold rebounds as hopes for US Fed rate cut stay firm

2024-08-16 00:00:00

Gold prices rose on Thursday, a day after U.S. inflation data suggested the Federal Reserve might reduce interest rates next month though the extent of cuts remains uncertain, prompting investors to await further economic indicators.Spot gold was up 0.5 per...

Oil edges up as demand concerns duel with rate cut optimism

2024-08-16 00:00:00

Oil prices ticked up on Thursday as optimism built that potential U.S. interest rate cuts will boost economic activity and fuel consumption, but concerns over slower global demand curbed gains, reports Reuters. Brent crude futures were up 51 cents, or...

Chipotle investors see continued growth

2024-08-16 00:00:00

LONDON, Aug 15 (Reuters): Chipotle Mexican Grill's future may not be as bumpy as some shareholders fear upon the departure of CEO Brian Niccol, investors said on Wednesday.The burrito chain lost almost $6 billion in stock market value on Tuesday...

Deere beats profit expectations on strong pricing

2024-08-16 00:00:00

NEW YORK, Aug 15 (Reuters): Deere & Co beat analysts' expectations for third-quarter profit on Thursday, as stronger pricing and cost control measures protected its margins from sluggish demand for its farm equipment, sending shares of the company up 4...

Chevron to pay $550m settlement to Richmond, California

2024-08-16 00:00:00

WASHINGTON, Aug 15 (Reuters): Chevron Corp is to pay Richmond City Council $550 million over 10 years, the city said in a statement, in a settlement that saw it drop a proposed ballot on a new tax on the oil...

India, Russia central banks renew talks for mechanism to expand local currency trade

2024-08-16 00:00:00

NEW DELHI, Aug 15 (Reuters): The Indian and Russian central banks have renewed discussions to set a mechanism to expand local currency trade, in a move to iron out payment issues after a surge in bilateral trade since the war...

China's home-price slump deepens to new 9-year low despite stimulus

2024-08-16 00:00:00

BEIJING, Aug 15 (Reuters): China's new home prices fell at their fastest pace in nine years in July, as a slew of support policies failed to stabilise prices and restore confidence in the struggling property sector.The prolonged housing market slump...

Japan's economy rebounds strongly on consumption boost

2024-08-16 00:00:00

TOKYO, Aug 15 (Reuters): Japan's economy expanded by a much faster-than-expected annualised 3.1 per cent in the second quarter, rebounding from a slump at the start of the year thanks to a strong rise in consumption and backing the case...

US annual consumer price increase slows to below 3pc as inflation ebbs

2024-08-16 00:00:00

WASHINGTON, Aug 15 (Reuters): US consumer prices rose moderately in July and the annual increase in inflation slowed to below 3 per cent for the first time in nearly 3-1/2 years, opening the door wider for the Federal Reserve to...

KSA inflation rate rises to 1.5pc on higher housing costs

2024-08-16 00:00:00

RIYADH, Aug 15 (Arab News): The Kingdom Saudi Arabia's (KSA) annual inflation rate climbed to 1.5 per cent in July compared to the same period last year, driven largely by a surge in housing costs, official data showed. According to...

Jamuna Oil gets new MD

FE REPORT | 2024-08-16 00:00:00

Mustafa Qudrat-E-Elahi has been appointed managing director of the state-owned Jamuna Oil Company Limited (JOCL).The Bangladesh Petroleum Corporation (BPC) has made the new appointment after removing JOCL Managing Director Md Gias Uddin Ansary.Mr Ansary had been serving the entity since...

‘Let Bangladesh flourish with vibrant colours’

2024-08-16 00:00:00

A few days ago, these walls were forgotten ruins, but now they're alive with vibrant graffiti, which draws attention. A bunch of passionate, talented youths have embraced colour, turning the capital city into a canvas.Across the country, from Dhaka to...

Japan to continue aid for BD’s dev

2024-08-16 00:00:00

Japanese Ambassador to Bangladesh Iwama Kiminori on Thursday reiterated the position of Japan and said Bangladesh will keep advancing on a path towards stable development through a peaceful and democratic political transition, reports UNB.He said Japan will continue its support...