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Gold hits three-week peak on softer dollar and safe haven inflows

2025-01-04 00:00:00

Gold prices touched their highest level in three weeks on Friday supported by a softer dollar and safe-haven buying, while markets braced for potential economic and interest rate changes from US President-elect Donald Trump's proposed policies, reports Reuters.Spot gold was...

Oil set for weekly gains on colder weather, Chinese policy support

2025-01-04 00:00:00

LONDON, Jan 3 (Reuters): Oil prices held steady on Friday, remaining poised for weekly gains after closing the previous session at their highest in more than two months, underpinned by colder European and US weather and additional economic stimulus flagged...

World food price index eases in Dec, pushed lower by sugar

2025-01-04 00:00:00

ROME, Jan 3 (Reuters): The United Nations' world food price index dipped in December against November levels, led lower by a drop in international sugar quotations, but still showed a robust gain year-on-year, data showed on Friday.The index, compiled by...

Global equity fund inflows drop on higher US bond yields

2025-01-04 00:00:00

Demand for global equity funds shrank in the week through January 1, as higher US Treasury yields led to caution and investors took profits during the year-end trading lull, reports Reuters.Data from LSEG Lipper showed that investors added a net...

Biden blocks Nippon Steel's bid for US Steel

2025-01-04 00:00:00

WASHINGTON, Jan 3 (Reuters): US President Joe Biden on Friday followed through on his pledge to block Nippon Steel's $14.9 billion bid for US Steel, citing concerns the deal could hurt national security.The move, long expected, cuts off a critical...

Ten firms account for 28pc of DSE weekly turnover

FE REPORT | 2025-01-04 00:00:00

The ten most-traded firms accounted for more than 28 per cent of weekly turnover on the Dhaka Stock Exchange (DSE), with Orion Infusion dominating the chart for the second week in a row.Orion Infusion, a concern of Orion Group, continued...

Stocks rebound as bank shares shine

FE REPORT | 2025-01-04 00:00:00

The equity market saw a rebound this week as bargain hunters sought to capitalise on attractive bank stocks amid renewed optimism following a challenging 2024, which witnessed the largest fall in four years.The New Year started on a positive note,...

Tax return submission deadline

2025-01-04 00:00:00

The National Board of Revenue (NBR) has extended the deadline for income tax returns submission by all types of taxpayers except companies. The new deadline is January 31, 2025. The NBR issued the order a few days ago. Earlier, it...

Suspension of BSK mobile library programme

2025-01-04 00:00:00

It is sad news. The mobile library programme run by the Bishwa Shahitya Kendro (BSK) has been temporarily suspended. Run under a project for more than two decades, the programme gained huge popularity. Books carried in minivans were transported to...

Celebration to some, torture for others

Tanim Asjad | 2025-01-04 00:00:00

As predicted earlier, the New Year celebration on the so-called 31st night was marked with sound and air pollution in different parts of the country. Only a week ago, a study revealed that fireworks during the New Year celebration heightened...

Maximising benefits of agricultural production

Sarker Nazrul Islam | 2025-01-04 00:00:00

The importance of food preservation is next to production of food. Preservation helps build a buffer stock of food and ensures price stabilisation through steady supply of the items round the year. Food preservation enables an individual, a community or...

Giving no quarter to unruly civil servants

2025-01-04 00:00:00

Amid the brouhaha of demands and protest programmes both on the streets and indoors raised by every conceivable social and political quarter in the country, the civil servants are learnt to have recently joined the fray. But that is against...

Coherence of policy documents a must

Shahriar Ahmed Chowdhury and Shakila Aziz | 2025-01-04 00:00:00

Technological advances and environmental concerns are rapidly changing the energy landscape of the world. Renewable energy currently comprises more than 50 per cent of total primary energy and more than 90 per cent of electricity production in some countries. The...

Rajshahi beat Dhaka in BPL

2025-01-03 12:00:00

Taskin Ahmed produced a spell for the ages as Durbar Rajshahi defeated Dhaka Capitals by seven wickets in the Bangladesh Premier League (BPL) at the Sher-e-Bangla National Stadium on Thursday, reports UNB.Dhaka batters had no clue against Taskin who bagged...

From celebrations to integration of national expectations

Nilratan Halder | 2025-01-03 12:00:00

The Bangalees are fond of celebrations so much so that they have invented 13 festivities of their own for 12 months. Lately they have shown growing interests in incorporating quite a few from foreign or alien cultures. While the generational...

An interview with President Carter

Serajul I Bhuiyan | 2025-01-03 12:00:00

“The press is the best instrument for enlightening the mind of man, and improving him as a rational, moral, and social being.” These timely utterances by Thomas Jefferson have stood the test of time in relation to the impact of...

Chinese EV makers extend buying incentives as price war enters third year

2025-01-03 00:00:00

BEIJING, Jan 2 (Reuters): Chinese electric vehicle makers including Nio and Li Auto have followed market leaders Tesla and BYD in extending buying incentives to the start of 2025, as a price war in the world's largest auto market continues...

Nine S Alam factories reopen

OUR CORRESPONDENT | 2025-01-03 00:00:00

CHATTOGRAM, Jan 02: The authority of S Alam Group on Thursday reopened its nine factories in Chattogram, which was shut down following a notice issued on December 24 last year.The factories are S Alam Refined Sugar Industries Limited, S Alam...

Bangladeshi womenfolk will not backtrack: LSE Prof Naila hopes

2025-01-03 00:00:00

Professor Emeritus of Department of Gender and Development of London School of Economics (LSE) Naila Kabeer hoped that the womenfolk of Bangladesh won't backtrack amid the new political scenario as they kept pushing to expand their spaces in the society...

PSC gets six new members

2025-01-03 00:00:00

 The government has appointed six new members to the Bangladesh Public Service Commission (BPSC).The appointments were confirmed through separate gazette notifications issued by the Contract and Foreign Employment Section of the Ministry of Public Administration on Thursday, reports BSS.The President...

Rangpur thrash Barishal in high-voltage BPL clash

2025-01-03 00:00:00

Rangpur Riders crushed defending champions Fortune Barishal by eight wickets in Bangladesh Premier League's (BPL) first big match of the season at Sher-e-Bangla National Cricket Stadium in the city on Thursday, report agencies.The much-anticipated showdown between Barishal and Rangpur, two...

Keya Group announces closure of 4 factories

FE REPORT | 2025-01-03 00:00:00

Keya Group has announced the closure of at least four ready-made garment (RMG) factories from May 1 as they suffer from raw material shortages and inadequate production capacity.It made the announcement of closure on Thursday through notices hung at the...

Dhaka court summons three IOs

FE REPORT | 2025-01-03 00:00:00

A Dhaka court on Thursday summoned three officers who investigated 16 corruption cases filed over the Basic Bank loan scams, seeking explanations over some flaws in the probes. The officers are Anti-Corruption Commission (ACC) Director Mohammad Morshed Alam, and Deputy...

Bangladesh, India conclude exchange of detained fishermen by Sunday

2025-01-03 00:00:00

The reciprocal repatriation of 95 Indian fishermen detained in Bangladesh and 90 Bangladeshi fishermen detained in India began on Thursday and it is expected to be completed Sunday next, said the foreign ministry in Dhaka, reports BSS."Bangladesh Coast Guard has...

Govt to procure edible oil, lentil, refined fuel oil

2025-01-03 00:00:00

The government approved on Thursday separate proposals for procuring 11 million (1.10 crore) litres of edible oil, 10,000 tonnes of lentil and 1,00,000 tonnes of fertilizer to meet the growing demand of the country, reports BSS.The approval came from this...

12kg LPG price static at Tk 1,455

FE REPORT | 2025-01-03 00:00:00

The Bangladesh Energy Regulatory Commission (BERC) has kept unchanged the price of a 12kg liquefied petroleum gas (LPG) cylinder at Tk 1,455 for January too.The new price came into effect on Thursday evening, according to a BERC statement.The price of...

People's power stronger than govt power: CA

2025-01-03 00:00:00

Chief Adviser Prof Muhammad Yunus on Thursday urged all to come forward at the individual level, rather than being 100-percent dependent on the government, to help move the country forward towards its desired goals. "The power of people is stronger...

NBR launches online platform NSW partially

FE REPORT | 2025-01-03 00:00:00

After nearly seven years since its inception in 2017 to simplify import and export procedures, the National Board of Revenue (NBR) has partially implemented the National Single Window (NSW) system on Thursday. Initially, the activities of seven out of 19...

Prayer Timings (2025-01-03)

2025-01-03 00:00:00

RADP for FY'25 to see deepest cut in project aid in yrs

FHM HUMAYAN KABIR | 2025-01-03 00:00:00

A policy-paradigm shift from deposed regime's propensity for fund-guzzling megaprojects squeezes spending as the interim government may slash project-aid allocations in the development budget by 19 per cent, the deepest cut in years. Officials said Thursday the post-uprising government envisaged...