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Jahangir Alam Chowdhury, among others, attends the namaz-e-janaza of firefighter Sohanur Zaman Nayan

2024-12-27 00:00:00

Home Affairs Adviser Lt Gen (retd) Jahangir Alam Chowdhury, among others, attends the namaz-e-janaza of firefighter Sohanur Zaman Nayan on the premises of the Fire Service and Civil Defence headquarters in the capital on Thursday. The firefighter died after being...

Govt approves LNG, fertiliser procurement

FE REPORT | 2024-12-27 00:00:00

The government on Thursday approved a number of proposals for the procurement of Liquefied Natural Gas (LNG) and fertiliser to meet the demand.The Advisers Council Committee on Government Purchase, at a meeting at the Cabinet Division conference room at Bangladesh...

Dinajpur AL leader held

2024-12-27 00:00:00

DINAJPUR, Dec 26 (BSS): Police in a drive arrested an Awami League (AL) leader from Nimnagar Fhulbari area of the district town on Thursday in a case filed for attacking the anti-discrimination student agitation, reports BSS.The arrested was AHM Shamin...

Farroque demands revealing white paper on Hasina's corruption

2024-12-27 00:00:00

BNP Chairperson's Adviser Zainul Abedin Farroque on Thursday demanded revealing the white paper on corruption of the deposed prime minister Sheikh Hasina and her family before the nation, reports BSS."Only filing graft cases will not be enough, rather white paper...

Maulana Saad followers barred from Tabligh Jamaat activities

2024-12-27 00:00:00

The Home Ministry on Thursday issued a directive baring the followers of Maulana Saad group from joining all types of activities of Tabligh Jamaat including Shabguzaari (night stay) from today (Friday), reports BSS.The directive will be effective until further notice,...

AL leader Balaram lands in jail

2024-12-27 00:00:00

A Dhaka court on Thursday sent to jail Awami League (AL) leader Balaram Poddar in a case lodged over attempting to murder one Md Shakib during the student-led July-August mass uprising, reports BSS.Dhaka Metropolitan Magistrate Minhajur Rahman passed the order...

AB Party's 5-point proposal to make Ctg a trade connectivity hub

2024-12-27 00:00:00

CHATTOGRAM, Dec 26 (BSS): AB Party on Thursday put forwarded 5-point proposals for developing the port city so that it could be made as a trade connectivity hub for the country.The party central leaders at a meet the press function...

Those who ruled for 15 years focused on enriching themselves: Jamaat Ameer

2024-12-27 00:00:00

KHULNA, Dec 26 (UNB): Bangladesh Jamaat-e-Islami Ameer Dr Shafiqur Rahman has strongly criticised the former Awami League (AL) government, accusing it of prioritising self-interest over national development during the last 15 years.Speaking at a rally organised by Jamaat-e-Islami in Dumuria...

State agency trying to form a 'King's Party': Rizvi

2024-12-27 00:00:00

BNP Senior Joint Secretary General Ruhul Kabir Rizvi on Thursday alleged that a state intelligence agency is making efforts to form a King's Party in the country, reports UNB."Which direction do you (the government) want to take the country? We've...

Nippon Steel extends closing date for US Steel acquisition

2024-12-27 00:00:00

TOKYO, Dec 26 (Reuters): Japan's Nippon Steel said on Thursday it has extended the closing period for its $15 billion purchase of US Steel, expressing confidence that the acquisition will protect and grow the American company.The estimated closing date was...

S Arabia's logistics centres surge 267pc amid Vision 2030 push

2024-12-27 00:00:00

RIYADH, Dec 26 (Arab News): Saudi Arabia's logistics sector has seen notable growth, with the number of facilities increasing by 267 per cent since 2021, according to a report by the General Authority for Statistics. In 2023, the Kingdom had...

Egypt pays off $38.7b in debts

2024-12-27 00:00:00

RIYADH, Dec 26 (Arab News): Egypt has successfully repaid $38.7 billion in debts during 2024, including $7 billion in November and December, demonstrating its commitment to meeting financial obligations despite significant economic challenges. The announcement was made by Egyptian Prime...

Indian economy to grow at around 6.5pc in FY25

2024-12-27 00:00:00

NEW DELHI, Dec 26 (Reuters): India's economy is expected to grow at around 6.5 per cent in fiscal year 2024/25, closer to the lower end of its 6.5 per cent-7 per cent projection, as global uncertainties pose a dampening threat,...

Samorita Hospital AGM held

2024-12-27 00:00:00

The 39th Annual General Meeting of Samorita Hospital Ltd was held virtually on Thursday. Chairman of the hospital Prof. Riaz Ahmed Chowdhury presided over the meeting. The AGM approved the Directors' Report, Audited Financial Statements for the year ended on...

Sonali Bank launches 'Sonali Corporate iBanking'

2024-12-27 00:00:00

Sonali Bank PLC introduced new online services for its corporate clients named 'Sonali Corporate iBanking'. MD & CEO of the bank Md Shawkat Ali Khan inaugurated the services at the head office of the bank on Thursday. From now on,...

Sheltech offers special deals

2024-12-27 00:00:00

Sheltech (Pvt.) Ltd has showcased 50 residential and commercial projects in the ongoing REHAB Fair 2024. The fair, being held at the Bangabandhu International Conference Center (BICC) in Dhaka, concludes today, says a statement. At its stall (Stall No. 2),...

BADC TO IMPORT 1.2M TONNES OF DAP FERTILISER

2024-12-27 00:00:00

The Bangladesh Agricultural Development Corporation (BADC) has signed an agreement with Saudi Arabia's state-owned mining company, Ma'aden, to import 600,000 tonnes of Di-ammonium Phosphate (DAP) fertiliser annually. The deal, which will cover the years 2025 and 2026, aims to strengthen...

Insurers will stake their claim in private credit

2024-12-27 00:00:00

NEW YORK, Dec 26 (Reuters Breakingviews): Picture this: a US insurance industry grown fat after a period of explosive growth began extending private loans, buying up debt churned out by wheeling and dealing financiers. That was the year 1905, opens...

MODHUMOTI BANK INAUGURATES 52ND BRANCH IN NOAKHALI

2024-12-27 00:00:00

Modhumoti Bank inaugurated its 52nd branch in Noakhali's Kabirhat on Thursday. Humayun Kabir, chairman of the board of directors of the bank, inaugurated the branch through a virtual platform. Salahuddin Alamgir, chairman of the executive committee of the board; Md....

BAT decides to invest more to increase production

FE REPORT | 2024-12-27 00:00:00

British American Tobacco Bangladesh Company (BATBC) is going to invest Tk 283.8 million to increase production capacity to meet the growing demand for cigarettes.In a stock exchange filing on Thursday, the tobacco leader said its board approved the capital investment...

SOUTHEAST BANK TO cater to GOPALDI NAZRUL ISLAM BABU COLLEGE

2024-12-27 00:00:00

Southeast Bank recently signed a memorandum of understanding with Gopaldi Nazrul Islam Babu College to provide services, including tuition fees collection, payroll and school banking. The signing event was held at the bank's head office in the capital. Nuruddin Md....

APEX TANNERY APPROVES 5PC CASH DIVIDEND

2024-12-27 00:00:00

Apex Tannery in its 48th Annual General Meeting on Thursday approved a 5 per cent cash dividend for its shareholders. Syed Nasim Manzur, chairman of the company, presided over the meeting. Participants joined the meeting both virtually and in-person. Md....

Regulator opens probe into 11 cos' failure to utilise funds

FE REPORT | 2024-12-27 00:00:00

The stock market regulator has launched probes into the utilisation of money that 11 companies raised through initial public offerings (IPO), rights shares and repeat public offering (RPO). The companies are Bangladesh Shipping Corporation, Best Holdings, Index Agro Industries, JMI...

US data-centre power use could triple by 2028

2024-12-27 00:00:00

NEW YORK, Dec 26 (Reuters): US data centre power demand could nearly triple in the next three years, and consume as much as 12 per cent of the country's electricity, as the industry undergoes an artificial-intelligence transformation, according to a...

China revises up 2023 GDP

2024-12-27 00:00:00

BEIJING, Dec 26 (Reuters): China revised upwards on Thursday the size of its economy by 2.7 per cent, but said the change would have little impact on growth this year, as policymakers pledged more stimulus to spur expansion in 2025.Policy...

Dollar edges up on bets of US growth, inflation

2024-12-27 00:00:00

NEW YORK, Dec 26 (Reuters): The US dollar edged higher on Thursday on expectations the currency would be boosted next year by policies by the incoming Donald Trump administration that are expected to boost growth and lift inflation.Trading volumes were...

Musk's AI startup raises further $6 billion

2024-12-27 00:00:00

PARIS, Dec 26 (AFP): Billionaire tech mogul Elon Musk's startup xAI said it had raised $6 billion from investors in its latest funding round, as it battles stiff competition in the artificial intelligence market.The firm, whose flagship product is the...

Rupee plunge pulls Indian rice export rates to 17-month low

2024-12-27 00:00:00

Indian rice export prices extended declines to a 17-month low this week on depreciation in rupee to a record low, and demand remained muted in key hubs during the holiday period, reports Reuters.Top exporter India's 5 per cent broken parboiled...

Islami Bank opens Bango Bazar sub-branch

2024-12-27 00:00:00

Islami Bank Bangladesh PLC has opened Bango Bazar sub-branch under Ramna Corporate Branch in Dhaka recently. Muhammad Sayeed Ullah, deputy managing director of the bank, inaugurated the sub-branch as the chief guest. Mohammad Mohi Uddin, executive vice president & head...

NRB World Summit 2024

2024-12-27 00:00:00

Chief Adviser's Special Envoy for International Affairs Lutfey Siddiqi along with NRB World leaders and other guests inaugurates the NRB World Summit 2024 at a hotel in the capital on Thursday. The event, a gathering of non-resident Bangladeshis (NRB), was...