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Hasina, ex-CECs, others sued for fake elections

OUR CORRESPONDENT | 2024-09-19 00:00:00

CHATTOGRAM, Sept 18: A case has been filed in Chattogram against 18 persons, including three former chief election commissioners and deposed premier Sheikh Hasina, on charge of orchestrating fake polls.The parliamentary elections were held in 2014, 2018 and 2024.Md Ekramul...

Rapid Passes lose appeal to passengers

MUNIMA SULTANA | 2024-09-19 00:00:00

A large quantity of integrity cards (ICs), known as Rapid Pass, have piled up for lack of effective moves to make popular those in public transport when an example of its successful introduction to the first metro rail is set.Rapid...

Metro service resumes after technical glitch

FE REPORT | 2024-09-19 00:00:00

Metro rail operation on the entire route from Uttara to Motijheel resumed at 8:45 pm on Wednesday. Managing Director of Dhaka Mass Transit Company Limited (DMTCL) Mohammad Abdur Rouf confirmed it to the FE. Earlier on the day, the metro...

Prof Ali Riaz appointed head

2024-09-19 00:00:00

Professor Ali Riaz has been appointed head of the Constitution Reform Commission. The announcement was made on Wednesday through a notification issued by the Cabinet Division, reports UNB.The notification mentioned that during his speech to the nation on September 11,...

NBR seeks automation action plan by Oct 15

FE REPORT | 2024-09-19 00:00:00

The National Board of Revenue (NBR) has instructed its field officers of customs and VAT wings to formulate a time-bound automation plan for services that are still under manual system.In an 18-point special order, issued by Customs and VAT administration...

Prayer Timings (2024-09-19)

2024-09-19 00:00:00

Germany, Italy, UK, US set fast recovery instances

DOULOT AKTER MALA | 2024-09-19 00:00:00

Some proven easy means of repatriating laundered money have been shown by some western countries that experts find as the fastest and less-expensive way Bangladesh can follow in its current crackdown.The United Kingdom, the United States, Germany and Italy are...

Key global suppliers cease fertiliser shipments to BD

FE REPORT | 2024-09-19 00:00:00

Major fertiliser suppliers across the world have stopped their shipments to Bangladesh and canceled scheduled consignments due to the non-payment of outstanding import bills in time, according to sources.The government owes the suppliers of China, Saudi Arabia, Canada and Morocco...

Bank accounts of Orion Group chief, family members frozen

FE REPORT | 2024-09-19 00:00:00

Bank accounts of Orion Group chairman Obaidul Karim and his five family members and associates have been frozen amid the ongoing crackdown on financial offences launched by the interim government.Bangladesh Financial Intelligence Unit (BFIU) names the total six members of...

Current five-year plan as dev blueprint suspended

FE REPORT | 2024-09-19 00:00:00

A major policy shift comes in Bangladesh's development paradigm as the interim government suspended the ongoing 8th five-year plan (FYP) to prioritise human-resource development to end reliance on foreign hands. The government is also going to empower the ministries to...

BAB seeks regular consultation on reforms

FE REPORT | 2024-09-19 00:00:00

Hailing the ongoing reform process for stabilising the financial sector, shareholders of the country's commercial banks sought regular consultation with them before bringing any reforms to ensure effective implementation of the possible change in policies.They also suggested that the Bangladesh...

As Fed cuts loom, health of US economy could determine markets' path

2024-09-19 00:00:00

NEW YORK, Sept 18 (Reuters): How stocks, bonds and the dollar perform after the Federal Reserve kicks off its rate-cutting cycle could depend on one factor more than most: the health of the U.S. economy.The Fed is expected to kick...

Amazon names veteran Samir Kumar as new India head

2024-09-19 00:00:00

NEW YORK, Sept 18 (Reuters): Amazon.com named Samir Kumar as its new India head on Wednesday, handing the reins to a 25-year company veteran as the e-commerce giant faces intense competition and regulatory pressures in the country.Kumar was part of...

Cash-strapped Sri Lanka eyes China development

2024-09-19 00:00:00

COLOMBO, Sept 18 (AFP): Sri Lanka's economic collapse was partly blamed on struggling high-debt Chinese mega-projects, but candidates in Saturday's presidential election are banking on at least one of them to buck the trend.The strategically located Indian Ocean country suffered...

Biman employees stand by flood victims

2024-09-19 00:00:00

Employees of Biman Bangladesh Airlines donated their one day's salary to the Chief Adviser's Relief and Welfare Fund in response to the devastating floods impacting communities across the country. Biman's Managing Director and CEO Md Shafiqur Rahman and Director (Admin...

ICMAB accords reception to new CMAs _

2024-09-19 00:00:00

The Institute of Cost and Management Accountants of Bangladesh (ICMAB) arranged a reception programme for the newly qualified CMAs on Tuesday at ICMAB Ruhul Quddus Auditorium, ICMA Bhaban in Dhaka. ICMAB President Mahtab Uddin Ahmed congratulated all the qualified CMAs...

IPDC Finance, Truvalu launch green finance initiative

2024-09-19 00:00:00

On the occasion of World Ozone Day 2024, IPDC Finance PLC has partnered with Truvalu Bangladesh to facilitate green financing for SMEs under the "Access to Green Financing (A2GF) for Enterprises" programme implemented jointly by Truvalu, One to Watch and...

Vision Emporium launches 'Dream Home' campaign

2024-09-19 00:00:00

Vision Emporium, an electronic chain shop of the leading business conglomerate RFL, has launched a campaign named 'Dream Home' with an opportunity for customers to win various products, as well as including flat and car. Under this offer, customers can...

Vista to manufacture AUX ACs

2024-09-19 00:00:00

Bangladeshi brand Vista is set to enter the global market. Vista Electronics Limited has signed a joint venture agreement with China's AUX, one of the world's fastest-growing companies. Under this agreement, AUX-branded air conditioners (AC) will be manufactured at Vista's...

Berger Paints signs agreement with ABB Cellier

2024-09-19 00:00:00

Berger Paints Bangladesh Limited has joined forces with ABB Cellier, France, for establishing world class automated production facility at its upcoming third factory in the Mirsharai Economic Zone. Berger Paints first began production at its Kalurghat factory in Chittagong in...

STANDARD BANK HOLDS BUSINESS REVIEW MEETING _

2024-09-19 00:00:00

Standard Bank organised their 'Business Review Meeting' with the participation of the chiefs of all branches and chiefs & executives of all divisions at their head office on Tuesday. Md. Habibur Rahman, the managing director and chief executive officer, presided...

BIDA, FICCI join hands to boost foreign investment

FE REPORT | 2024-09-19 00:00:00

Bangladesh Investment Development Authority (BIDA) and the Foreign Investors' Chamber of Commerce and Industry (FICCI) have agreed to continue working closely to overcome any barriers to investment, ensure the continuity of foreign investment, and explore new opportunities for economic growth...

Imam Button chief fined Tk 10M for stock price manipulation

FE REPORT | 2024-09-19 00:00:00

The securities regulator on Wednesday fined managing director of Imam Button Industries ASM Hasib Hasan Tk 10 million for manipulating the company's share price by making false financial claims.Imam Button Industries, which was changed into Hami Industries, resumed operations last...

Axiata stresses FDI-friendly policy for high-growth BD telecom market

ISMAIL HOSSAIN | 2024-09-19 00:00:00

Axiata Group Berhad, one of Asia's leading telecommunications companies, has expressed strong optimism about Bangladesh's future as a high-growth market, accentuating the need for stable state policies and clear regulations to court long-term foreign investment.In an exclusive interview with The...

Regulator to unravel how Nafeez deploys own firm to misuse Padma Bank's fund

FE REPORT | 2024-09-19 00:00:00

The securities regulator has formed a probe body to investigate alleged financial anomalies in Strategic Equity Management Limited (SEML), owned by Chowdhury Nafeez Sarafat and his family.Mr Sarafat is a former chairman of Padma Bank and was an influential person...

Samsung's four Vietnam factories account for 30pc of global sales

2024-09-19 00:00:00

South Korean conglomerate Samsung Electronics' four main factories in Vietnam contributed around 30 per cent of its global revenues in the first half of this year.Their combined revenues rose by 8.6 per cent year-on-year to US$31.39 billion, reports e.vnexpress.net.Samsung Thai...

New cargo terminal at Benapole set to open in October

2024-09-19 00:00:00

BENAPOLE, Sept 18 (UNB): The construction of a new cargo terminal at Benapole land port in Jashore has been completed at a cost of over Tk 3.0 billion, and it is expected to open in October, according to port authorities.Once...

Rupali Bank Hosts Business conference

2024-09-19 00:00:00

Rupali Bank PLC organised Business Conference-2024 of Mymensingh Division at its divisional office on Wednesday. The bank's Managing Director Mohammad Jahangir was present as the chief guest. Mohammad Iqbal Hossain Kha, Head of the bank's Mymensingh division, presided over the...

bKash simplifies NGO savings and loan instalment payments

2024-09-19 00:00:00

bKash has brought convenience to customers by enabling them to pay microfinance loans and savings instalments anytime, anywhere. The fast, easy and safe payment option relieves customers from the hassle of visiting a branch, counter or meeting business hours. Now,...

Titas severs illegal gas connections

FE REPORT | 2024-09-19 00:00:00

The state-run Titas Gas Transmission and Distribution Company Ltd (TGTDCL) on Wednesday snapped illegal gas connections of an industry located at Keraniganj, the locality of former state minister Nasrul Hamid.Titas officials found two separate piped natural gas connections-one legal and...