Walmart plans to invest some $700 million in Guatemala over the next five years, the company's Central America head said on Wednesday, reports Reuters.The announcement by regional executive Cristina Ronski came during the groundbreaking of a new store in the...
Metal Motors showcases four new Forland pickupsA three-day exhibition titled '17th Dhaka Motor Show 2024' was held at Bangabandhu Bangladesh-China Friendship Exhibition Center in Purbachal in Dhaka on May 23-25. Metal Motors Limited, the sole distributor of the renowned Changsha-Forland...
EGENERATION WINS CYBERSECURITY AWARD AGAIN eGeneration PLC, a system integration company renowned for its strong commitment to digital security, has once again been recognised by Cyble, a global leader in digital risk profiling and threat intelligence. Shameem Ahsan, Founder and...
ICMAB ORGANISES WORKSHOP ON "PUBLIC FINANCIAL MANAGEMENT" A workshop on “Public Financial Management” organised by The Institute of Cost and Management Accountants of Bangladesh (ICMAB) was held at its auditorium in the city on Friday. Mohammad Muslim Chowdhury, former comptroller...
State Minister for Commerce Ahasanul Islam Titu has called for diversification of coastal aquaculture in order to bridge the gap between demand and supply for fishery products in the domestic market. He also highlighted the need for diversification of the...
STRESA (Italy), May 25 (Reuters): US Treasury Secretary Janet Yellen said on Friday she is trying to save a part of the global corporate tax deal focused on highly profitable multinational firms, but India is refusing to engage on issues...
With interest rates climbing, more people are turning to family for financial support. While lending money to a loved one can provide much-needed relief, it also carries the risk of damaging the relationship if things go awry. Fortunately, there are...
A new era began with the launch of the Hatirjheel one-way circular road in Dhaka city. This development has significantly reduced commuting time and hassle in the surrounding area. The primary beneficiaries of this road are students, job holders, business...
Atiqul Kabir Tuhin | 2024-05-26 00:00:00
Human trafficking is an affront to any decent society with an iota of self-respect and moral standing. It is unquestionably a crime against humanity and is especially embarrassing to a nation that claims to be marching forward on the highway...
Asjadul Kibria | 2024-05-26 00:00:00
It was 50 years ago when Bangabandhu Sheikh Mujibur Rahman, the then Prime Minister of Bangladesh, visited the Indian capital, New Delhi, at the invitation of Indira Gandhi, the then Prime Minister of India. The five-day visit from May 12...
In one of the most densely populated nations on earth, food security naturally is of utmost importance for Bangladeshi policymakers. For many years, national policymaking has been geared towards industrialisation out of the feeling that it would better serve employment...
Mohammad Abdur Razzaque, Barun Kumar Dey and Rabiul Islam Rabi | 2024-05-26 00:00:00
The strategic emphasis on export diversification has been a long-standing policy objective in Bangladesh, as evidenced in its various medium-term national planning documents and long-term perspective plans. Nevertheless, the country’s export structure continues to be predominantly concentrated in apparel products—most...
NEW DELHI, May 25 (Reuters): India's Russian oil imports rose a nine-month high in April after shipments on non-sanctioned tankers operated by Russia's largest shipping company Sovcomflot resumed, tanker data obtained from shipping and trade sources showed.Refiners in India briefly...
LITTLETON, Colorado, May 25 (Reuters): Turkey overtook Germany to become Europe's largest producer of coal-fired electricity over the first four months of 2024, data from energy think tank Ember shows.Turkey's 36 terawatt hours (TWh) of coal-fired electricity output through April...
BENGALURU, May 25 (Reuters): India's IndiGo airline operator Interglobe Aviation reported a bigger-than-expected fourth-quarter profit on the back of steady domestic air travel demand and said it will introduce a business class on some flights this year.The airline, which is...
SINGAPORE, May 25 (Reuters): Rising sea levels could severely disrupt crude oil shipments and erode energy security in import-dependent countries like China, South Korea and Japan, with many of the world's biggest terminals vulnerable to flooding, according to researchers.Melting ice...
Shares of Dell Technologies hit a record high on Friday amid a rally in companies working on generative artificial intelligence applications, buoyed by strong optimism for the new technology, reports Reuters.AI-heavyweight Nvidia posted strong quarterly results and forecast current-quarter revenue...
Premier Group, Premier Bank Foundation get nod for educational programmesPremier Group and Premier Bank Foundation, founded by Dr. H.B.M. Iqbal, have recently received approval to conduct educational programmes at the Sheikh Hasina University of Science and Technology located in Bashgari...
The US Securities and Exchange Commission adopted a rule in February 2023 to shorten the settlement cycle for securities transactions from two business days after the trade to one, beginning on Tuesday, reports Reuters.Dubbed T+1, the move, which spans equities...
EBL distributes educational materials Eastern Bank (EBL) as part of its CSR activities has distributed educational materials among students of Dhirasram Govt. Primary School in Gazipur recently. Bangladesh Bank Director Khaled Mahbub Morshed, Head Mistress Khaleda Anjuman, EBL Head of...
NCC Bank signs deal with PRAN-RFL GroupNCC Bank has signed a cash management solution agreement with PRAN-RFL Group recently. Uzma Chowdhury, CPA director of PRAN-RFL Group, and Md. Zakir Anam, deputy managing director of NCC Bank, exchanged documents of the...
Mohammad Mufazzal | 2024-05-26 00:00:00
General investors are highly unlikely to get back anything out of their investments in ICB Islamic Bank unless the government provides it with necessary funds and overhauls it. Presently, general investors constitute a 25.42 per cent stake in the bank,...
The Finance Ministry expects external debt repayment to remain within tolerable limits over the next two fiscal years, thanks to the government's efforts to diversify funding sources and boost foreign exchange reserves, reports UNB.However, managing debt service obligations is essential...
Tanim Asjad | 2024-05-25 12:00:00
Today marked the 125th birth anniversary of Kazi Nazrul Islam, the rebel poet who is also known as the national poet of Bangladesh. However, there is an ambiguity in the formalisation of the tag. Bangla-speaking people worldwide remember Kazi Nazrul...
Desperation to get more money back into the economy has led to revisit the much-debated issue of whitening undeclared or black money, offering lucrative concessions. There are arguments for and against whitening black money. But the reality is that billions...
The government has reported the deaths of five Bangladeshi Hajj pilgrims in Saudi Arabia so far this year, reports bdnews24.com.The religious affairs ministry said in a Hajj bulletin on Friday that three of the deaths occurred in Makkah and two...
LONDON, May 24 (AP): British Prime Minister Rishi Sunak has portrayed himself as thorough and evidence-led. That's why his gamble to call a U.K. general election for July 4 has come as such a surprise.Those personal traits were supposed to...
GENEVA, May 24 (AFP): Countries trying to thrash out a global agreement on handling future pandemics are hoping to seal the deal Friday after weeks of creeping progress in exhausting talks.Having ploughed past several previous deadlines, the hard stop of...
The new EU directive, adopted on Friday, mandates large companies to ensure human rights respect throughout their value chains, signaling a transformative shift in corporate accountability, according to Human Rights Watch, reports UNB.Human Rights Watch released a detailed question-and-answer document...
FE REPORT | 2024-05-25 00:00:00
Bangladesh Nationalist Party (BNP) said on Friday that the government could not avoid responsibility for the corruption committed by former army and police chiefs.BNP vice-chairman Shamsuzzaman Dudu made the comments at a programme in front of the National Press Club...
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