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DNCC extends deadline for renewal of trade licence fee

FE REPORT | 2024-10-01 00:00:00

The Dhaka North City Corporation (DNCC) has extended the deadline for renewal of trade licence fee without surcharge until November 30 in a bid to facilitate the process for the traders.The city authority has also extended the 10 per cent...

Push for reforms in FBCCI

FE REPORT | 2024-10-01 00:00:00

Boishamma Birodhi Sanskar Parishad or Anti-Discrimination Reform Council on Monday called for significant reforms in the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) to address what it describes as long-standing inefficiencies, political influence, and neglect of small and...

Shanta Equity wins Euromoney Award

2024-10-01 00:00:00

Shanta Equity, a leading player in the capital market, has earned recognition as 'Best for Equities in Bangladesh' at the prestigious Euromoney Securities Houses Awards 2024. This accolade underscores Shanta Equity's significant impact in advancing the country's capital markets and...

STANDARD BANK BOARD MEETING HELD

2024-10-01 00:00:00

The 398th Board meeting of Shari'ah-based Standard Bank PLC was held at its Head Office in Dhaka on Monday. Chairman of the Board of Directors Mohammed Abdul Aziz presided over the meeting. Directors Kazi Akram Uddin Ahmed, Kamal Mostafa Chowdhury,...

Govt to increase Probashi Kalyan Bank's capital

FE REPORT | 2024-10-01 00:00:00

The government has decided to raise the Probashi Kalyan Bank's authorised and paid-up capital to Tk 20 billion and Tk 13 billion respectively, aiming to bolster its financial base and enhance the loan disbursement capacity.The volume of the authorised capital...

bKash offers discount on Puja shopping

2024-10-01 00:00:00

Like previous years, bKash has brought attractive discount and cashback offers for online and offline shopping to make Durga Puja shopping easier, affordable and exciting for customers, says a statement. These offers can be enjoyed on bKash payment at online...

FICCI urges strategies to boost business climate

FE REPORT | 2024-10-01 00:00:00

A delegation of the Foreign Investors' Chamber of Commerce and Industry (FICCI) on Sunday met finance and commerce adviser Dr Salehuddin Ahmed and underscored necessary reforms in the financial sector.FICCI president Zaved Akhtar led the delegation at the meeting hosted...

Bangladesh becoming Saudi investors' hotspot

FE REPORT | 2024-10-01 00:00:00

Bangladesh is increasing drawing attention from Saudi businessmen and investors who are keen on investing here, said Foreign Affairs Adviser Md Touhid Hossain.Leading Saudi companies like ACWA Power and SABIC are exploring opportunities in the renewable energy, logistics and infrastructure...

BHP expects copper demand to grow by 1m tonnes a year until 2035

2024-10-01 00:00:00

Australian miner BHP expects the world to consume an extra 1 million metric tons of copper per year on average until 2035 due to the adoption of copper-intensive technologies, double the annual volume growth in the past 15 years, reports...

Palm futures decline on stronger ringgit

2024-10-01 00:00:00

KUALA LUMPUR, Sept 30 (Reuters): Malaysian palm oil futures ended the month with overall gains, but declined on Monday, marking the second consecutive session of losses as a stronger ringgit weighed on sentiment and traders remained cautious as palm continues...

Gold eases from record high

2024-10-01 00:00:00

Gold eased from its recent record high on Monday, but was still set for its biggest quarterly gain in more than eight years on the back of geopolitics and the U.S. Federal Reserve's rate cut, reports Reuters. Spot gold was...

Britain's biggest steel works to end production after 100 years

2024-10-01 00:00:00

LONDON, Sept 30 (Reuters): Britain's biggest steelworks will end production later on Monday, when the final blast furnace at Port Talbot in Wales will close after more than 100 years of steelmaking, at a cost of almost 3,000 jobs.The closure...

Oil prices fall on strong supply outlook

2024-10-01 00:00:00

LONDON, Sept 30 (Reuters): Oil prices declined on Monday and were on track to fall for the third month in a row as a strong supply outlook and questions around demand outweighed fears that Israeli strikes in Lebanon and Yemen...

News in Brief -2024-10-01

2024-10-01 00:00:00

Far right wins Austria electionVIENNA, Sept 30: Austrian voters handed a first-ever general election victory to the far-right Freedom Party on Sunday, preliminary results showed, illustrating rising support for hard-right parties in Europe fuelled by concern over immigration levels. The...

Rate of ocean warming has doubled since 2005

2024-10-01 00:00:00

BREST, Sept 30 (AFP): The pace at which oceans are warming has almost doubled since 2005 as global temperatures rise because of human-caused climate change, a report from the EU monitor Copernicus said Monday.The findings by the Copernicus Marine Service...

Hezbollah ready for Israeli offensive

2024-10-01 00:00:00

BEIRUT, Sept 30 (AFP/AP): Hezbollah's deputy leader Naim Qassem said Monday the Iran-backed group was ready to face any Israeli ground operation, warning that the battle could last a long time.In a televised address, Qassem also said Hezbollah would choose...

Japan's new PM announces snap polls on Oct 27

2024-10-01 00:00:00

TOKYO, Sept 30 (BBC): A mere three days after being elected as the new leader of Japan's ruling party, incoming Prime Minister Shigeru Ishiba has announced plans for a snap election on 27 October.Ishiba, 67, replaced outgoing prime minister, Fumio...

Jhenaidah farmers make profit by cultivating off-season cauliflower, cabbage

2024-10-01 00:00:00

JHENAIDAH, Sept 30 (UNB): Farmers in Jhenaidah are making good profit by cultivating cauliflower and cabbage in summer due to their huge demand among customers and high market price.Farmers said that cultivation of the vegetables begins in Ashar (June-July) and...

Two killed being hit by covered van in Dinajpur

2024-10-01 00:00:00

DINAJPUR, Sept 30 (UNB): Two people were killed and two others injured when a covered van ploughed through several rickshaw vans in the Raniganj Bazar area of Ghoraghat upazila in Dinajpur district on Monday morning.The deceased were Abdul Goffar, 68,...

Flooding improves in Lalmonirhat, Kurigram

OUR CORRESPONDENT | 2024-10-01 00:00:00

The overall flood situation of Lalmonirhat and Kurigram district are improving rapidly as water level from many areas has started receding in the last 12 hours.Our Correspondent from Lalmonirhat says, most of the low-lying areas of the district went under...

Improving air cargo management for smooth export operations

Abu Mukhles Alamgir Hossain | 2024-10-01 00:00:00

Efficient cargo handling is crucial for export-driven economies like Bangladesh. Air transport plays a significant role in logistics management, accounting for 6.20 per cent of exports. Due to the short seasonal cycles in the global fashion industry, apparel buyers increasingly...

Creating awareness against road accident

2024-10-01 00:00:00

The rate of road accidents in the country is increasing daily, with roads claiming countless lives. Every day, as one turns on the TV or flips through the newspaper, reports of numerous road accidents dominate the headlines. Despite laws and...

Repair the roads of Subarnachar

2024-10-01 00:00:00

Subarnachar is a beautiful upazila in the Noakhali district, situated on the banks of the Meghna River, where various types of flowers and crops flourish. Agriculture is the primary source of livelihood for the people here. However, it is unfortunate...

Revisiting solar power

Syed Fattahul Alim | 2024-10-01 00:00:00

When the need for exploiting all sources of renewable energy including that of the tropical sun is being felt more than ever, the number of existing Solar Home Systems (SHSs) that converts solar energy into electricity through a photovoltaic (PV)...

Reforming the ACC

Helal Uddin Ahmed | 2024-10-01 00:00:00

One of the long-term recommendations of the Public Administration Reform Commission (PARC) that submitted its report in 2000 was to establish an Independent Commission Against Corruption (ICAC). Subsequently, the Government of Bangladesh did establish an Anti Corruption Commission (ACC) in...

'Blue network' of canals

2024-10-01 00:00:00

Syeda Rizwana Hasan, environment, forest and climate as well as water resources adviser of the interim government comes up with her government's plan to create what she calls a 'blue network' with proper use of canals -- both already in...

Ending the cheap labour dependency

Md Rubaiyath Sarwar | 2024-10-01 00:00:00

Bangladesh has built an entire export portfolio based on cheap labour. The domestic industries also thrive on cheap labour. Both in domestic and export markets, Bangladesh competes in price-sensitive markets. Low price is the value that we deliver. To a...

Not cosmetic reforms

CAF Dowlah | 2024-10-01 00:00:00

In every country --- no matter developed or developing --- the central bank serves as the economy's nervous system. It regulates interest rates, controls money supply, maintains foreign exchange reserves, and fights inflation. Such responsibilities are critical to ensuring economic...

Navigating economic uncertainty -

2024-09-30 12:00:00

Businesses today face significant challenges in navigating economic uncertainty. The fluctuations in the economy can create both obstacles and opportunities for organisations of all sizes. Recent economic conditions have been marked by unpredictable shifts, whether due to inflation, supply chain...

Joint forces arrest 'Pichchi Raza', 34 others from Geneva Camp

2024-09-30 00:00:00

Joint forces in a drive arrested 35 people, including suspected drug peddler "Pichchi Raza," from the Geneva Camp in Dhaka's Mohammadpur area on Sunday, reports UNB.According to an ISPR press release, the joint forces, comprising RAB, police and army personnel,...