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Bangladesh to export rice instead of importing: Minister

2024-07-08 00:00:00

RAJSHAHI, July 7 (BSS): Food Minister Sadhan Chandra Majumder has said Bangladesh will export rice in the future instead of importing."In the last two consecutive years, our government didn't import rice and there is also no need of importing rice...

Sheraton Dhaka introduces Toastina Sip & Save Card

2024-07-08 00:00:00

Sheraton Dhaka has announced the launch of Sip & Save Card at Toastina (lobby level), a unique opportunity for coffee lovers to experience the most luxurious coffee culture with the hotel's exclusive rewards programme. This card offers benefits and rewards...

Nagad winners receive gifts

2024-07-08 00:00:00

Some 31 more winners have received exciting gifts by participating in the country's biggest transactions campaign initiated by Nagad, a popular mobile financial service provider in Bangladesh. Under this Tk 200 million campaign named 'Nagad e Jomi', four winning teams...

Tanners urge storage facility for rawhides of sacrificial animals

FE REPORT | 2024-07-08 00:00:00

Tanners and traders have demanded that the government arrange cold storage facilities at the grassroots level to ensure the optimum preservation of rawhides of the sacrificial animals.They observed that it was easily possible to preserve the rawhides by modernising the...

EBL awarded 'Best Climate Focus Bank'

2024-07-08 00:00:00

Ali Reza Iftekhar, managing director of EBL receives the 'Best Climate Focus Bank' award from Lutfor Rahman, executive director of GreenTech Foundation, at the bank's head office in Dhaka. AQM Kibria, advisor, and Imrul Karim, director of finance of Greentech...

Pioneer Insurance holds 28th AGM

2024-07-08 00:00:00

The 28th annual general meeting of Pioneer Insurance Company Limited was held virtually on Sunday, July 07, 2024. Syed Nasim Manzur, chairman of the company presided over the meeting. In 2023, the company earned a premium of Tk 305.50 crore...

MTB receives Excellence in Consumer Financing Award

2024-07-08 00:00:00

Mutual Trust Bank (MTB) has been honoured with the prestigious "Excellence in Consumer Financing Bangladesh 2024" award by Global Business Magazine, according to a press release. This prestigious accolade recognises MTB's commitment to providing innovative and inclusive financial solutions tailored...

Buoyant stocks drive index to 5,559, highest in 7 weeks

FE REPORT | 2024-07-08 00:00:00

Stocks stayed upbeat for the fourth straight session on Sunday, with turnover crossing Tk 9 billion after nearly two months, as buoyant investors kept their buying spree in lucrative shares.Investor sentiment remained optimistic as institutional investors, including Investment Corporation of...

Some cos adopt get-it-yourself strategy to overcome dollar crisis

BABUL BARMAN | 2024-07-08 00:00:00

The dollar crisis has become a stubborn hindrance to growth for manufacturing companies that rely heavily on imports of raw materials but some of them have found a way to overcome it -- arranging dollars themselves.These companies have leveraged their...

China forex reserves fall to $3.22t

2024-07-08 00:00:00

BEIJING, July 7 (Reuters): China's foreign exchange reserves fell in June, official data showed on Sunday, as the dollar rose against other major currencies.The country's foreign exchange reserves, the world's largest, fell by $9.681 billion to $3.222 trillion last month,...

Islami Bank Holds Business Development Conference-

2024-07-08 00:00:00

Chattogram North Zone, Chattogram South Zone, Khatunganj and Agrabad Corporate Branch of Islami Bank Bangladesh PLC organised half-yearly 'Business Development Conference' at the Chattogram Regional Centre on Saturday. Mohammed Monirul Moula, Managing Director of the bank, addressed the conference as...

Shahjalal Islami Bank's Dinajpur Branch relocated

2024-07-08 00:00:00

The relocated Dinajpur Branch of Shahjalal Islami Bank PLC started banking activities at the new address (Captain Tower & Shopping Complex, Gonesh Tola, Kotoali) on Sunday. Managing Director of the bank Mosleh Uddin Ahmed formally inaugurated the relocated branch as...

Modhumoti Bank signs MoU with Mana Bay Water Park

2024-07-08 00:00:00

Modhumoti Bank PLC. signed an MoU with Mana Bay Water Park on Sunday at the bank's Head Office at Gulshan in Dhaka. In presence of Shahnawaj Chowdhury, Additional Managing Director of Modhumoti Bank, Kamrul Hasan Khan, Deputy Managing Director &...

Thai Food Festival in city from July 10

2024-07-08 00:00:00

Pan Pacific Sonargaon Dhaka in association with the Thai Trade Center and Embassy of Thailand will organize a four day Thai Food Festival beginning from July 10, says a press release.A team of highly professional Thai Chefs from Bangkok will...

Govt permits import of 2.16m pieces of seed

FE REPORT | 2024-07-08 00:00:00

The government has permitted importing more than 2.16 million pieces of non-native vannamei shrimp seed, aiming to cultivate the species commercially in the country, according to the commerce ministry.M/s D A Enterprises would import the seed called "Live White Shrimp-PL...

Chinese delegation meets BGMEA leaders to explore investment

FE REPORT | 2024-07-08 00:00:00

A Chinese business delegation met local garment sector leaders on Sunday to explore investment opportunities and expand business horizons between Bangladesh and China in the textiles and apparel industry.Led by Huang Liansheng, managing director of China Textile Industrial Corporation for...

With paperless shipping, BD could earn $0.6b more in exports

FE REPORT | 2024-07-08 00:00:00

Imagine you are a cargo owner in 1450. You hand over your goods to a ship and receive a bill of lading -- a paper document detailing your shipment.Fast forward to 2024: despite a dramatically changed world, the bill of...

China refrains from gold purchases in June

2024-07-08 00:00:00

China's central bank refrained from gold purchases to its reserves for a second consecutive month in June, official data showed on Sunday, reports Reuters.The pause by the People's Bank of China (PBOC) started in May, when spot gold prices hit...

Italian firms bridge skills gap with own schooling

2024-07-08 00:00:00

ROME, July 7 (Reuters): After years of informal work as a farm labourer, Federico Olivieri, 29, could not believe it when a huge building site appeared next to his home in Sicily with training on offer for the numerous specialised...

Cummins calls for specific windows for IPL and Test cricket

2024-07-08 00:00:00

LONDON, July 07 (PTI): Australia skipper Pat Cummins feels that a more dedicated window for Tests is needed so that players can chalk their individual schedule and preparation, particularly by those cricketers who wish to play in franchise-based leagues such...

India unlikely to play Champions Trophy 2025 in Pakistan

2024-07-08 00:00:00

NEW DELHI, July 07 (Geo Tv): While the Pakistan Cricket Board (PCB) has already submitted the draft dates to the International Cricket Council (ICC), the Indian cricket team might not visit Pakistan next year to play the ICC Champions Trophy...

Saifuddin to play Canada's Global T20 League

2024-07-08 00:00:00

Pace bowling allrounder Mohammad Saifuddin shifted his focus to Canada's Global T20 League in his bid to force his case stronger to make a comeback to the national team, reports BSS.Saifuddin admitted the axe from T20 World Cup team was...

Colombia's Rodriguez a man on a mission at Copa America

2024-07-08 00:00:00

GLENDALE, Arizona, July 07 (Agencies):James Rodriguez has looked back to his brilliant best at the Copa America and the Colombian said he is determined to take his side to their second trophy in the competition after they beat Panama 5-0...

Netherlands come from behind to reach Euro 2024 semis

2024-07-08 00:00:00

The Netherlands came from behind to book its spot in the semifinals of Euro 2024 with a 2-1 victory over Turkey on Sunday (as per BST), according to CNN Sports. Turkey defender Samet Akaydin had given his side the lead...

Uruguay knock Brazil out on penalties

2024-07-08 00:00:00

LAS VEGAS, July 07 (Agencies): Manuel Ugarte scored the winning goal in the fifth round of the shootout and Uruguay advanced to the Copa America semifinals with a 4-2 penalty kick victory over Brazil after the teams played to a...

News in Brief 2024-07-08

2024-07-08 00:00:00

Eight killed in gun battles in KashmirNEW DELHI, July 07: Two soldiers and six suspected militants were killed in two separate gun battles in Indian-administered Kashmir, police said Sunday. Kashmir police inspector general Vidhi Kumar Birdi told AFP that authorities...

Heavy rains trigger landslides in Nepal

2024-07-08 00:00:00

KATHMANDU, July 07 (Reuters): Heavy rains triggered landslides and flash floods killing at least 11 people in the last 36 hours in Nepal and blocking key highways and roads, officials said on Sunday.Eight people were missing, either washed away by...

Biden back on campaign trail as pressure mounts

2024-07-08 00:00:00

WASHINGTON, July 07 (AFP): US President Joe Biden heads back out on the campaign trail Sunday, desperate to salvage his re-election bid as senior Democrats meet to discuss growing calls that he quit the White House race.The 81-year-old Democrat kicks...

New UK leader Starmer declares Rwanda deportation plan 'dead and buried'

2024-07-08 00:00:00

LONDON (Reuters): Britain's new Prime Minister Keir Starmer said on Saturday he would scrap a controversial plan to fly thousands of asylum seekers from Britain to Rwanda in his first major policy announcement since winning a landslide election victory.The previous...

France voter turnout high, with far right seeking power

2024-07-08 00:00:00

PARIS, July 07 (Reuters): Voter turnout in France's parliamentary run-off election on Sunday rose sharply from the last time in 2022 in a ballot that could see the far-right National Rally (RN) emerge as the strongest force.Although the RN is...