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Sunamganj rivers swelling again

2024-07-02 00:00:00

SUNAMGANJ, July 01 (bdnews24.com): After a week's gap, the water in Sunamganj's rivers and streams is rising once again amid heavy rain and hill runoff. The water has already entered the district's low-lying areas.The Surma and Jadukata rivers were flowing...

Turntable made first for locomotives and coaches

OUR CORRESPONDENT | 2024-07-02 00:00:00

LALMONIRHAT, July 01: A band of officials and mechanics of the carriage department of the Bangladesh Railway (BR) Lalmonirhat Division have made a turntable for turning the railway locomotives and coaches.During the British regime, turntables were built in Lalmonirhat, Chattogram,...

Has Generative AI triggered a vicious cycle?

M Rokonuzzaman | 2024-07-02 00:00:00

Generative artificial intelligence (Gen AI) does not create original knowledge in the form of texts, images, or videos. Instead, it compiles existing bits and pieces of knowledge from numerous websites and recasts them as revenue-generating new products. As a result,...

Is Bangladesh ready to stop corruption?

2024-07-02 00:00:00

Corruption is a longstanding issue in Bangladesh, considered a major barrier to the country's development and progress. Despite various measures, laws, and awareness campaigns by the government, corruption remains deeply entrenched at various levels of our lives. However, the question...

Dollar crisis and money laundering

2024-07-02 00:00:00

Banks must take concerted action to prevent the persistent issue of money laundering. Good governance within banks is essential, and central bank supervision must be increased to ensure compliance with the Prevention of Money Laundering Act, especially in the field...

Europe's turn to the right

Syed Fattahul Alim | 2024-07-02 00:00:00

Is far right politics going to take over Europe? Is the nightmare of the first half of the 20th century that saw the rise of fascism in Europe returning? After Mary Le Pen's far-right National Rally (formerly National Front) trumped...

Budget-FY 25: the same old saga

Shamsul Huq Zahid | 2024-07-02 00:00:00

Yet another budget was approved by the lawmakers in the national parliament on Sunday. As a matter of tradition, the budget for the current financial year (FY) 2024-25 is bigger, in terms of total outlay, than that of the immediate...

Drive against corruption

2024-07-02 00:00:00

In her budget speech, Prime Minister Sheikh Hasina tells the Jatiyo Sangsad that her government has started a tough anti-corruption drive that will spare none irrespective of positions. If the freezing of several dozens of bank accounts and all the...

Argentina will face Ecuador in Copa America quarters

2024-07-02 00:00:00

GLENDALE, Arizona, July 01 (Agencies): Ecuador secured a place in the Copa America quarter-finals on Sunday after grinding out a 0-0 draw with Mexico, who bowed out of the tournament after finishing third in Group B.Ecuador, who are looking to...

BPL players' draft to be held in September

2024-07-02 00:00:00

The players' draft of the 11th edition of the Bangladesh Premier League (BPL) is likely to be held in September this year, reports BSS.The Bangladesh Cricket Board (BCB) will finalise the timeframe of the BPL in their 'board of directors'...

CHARTERED LIFE SIGNS AGREEMENT WITH THAI HOSPITAL

2024-07-02 00:00:00

CHARTERED LIFE SIGNS AGREEMENT WITH THAI HOSPITAL An agreement has been signed between Chartered Life Insurance Company Limited and Phyathai Phaholyothin Hospital, Thailand. S M Ziaul Hoque, FLMI, Chief Executive Officer of Chartered Life, and International Marketing Manager of Phyathai...

German inflation slows more than expected in June

2024-07-02 00:00:00

FRANKFURT, July 01 (AFP): Germany's inflation rate slowed more than expected in June, official data showed Monday, in welcome news for the European Central Bank following last month's first interest rate cut since 2019.Inflation in Europe's biggest economy edged back...

Sonali Bank holds Shariah supervisory committee meeting

2024-07-02 00:00:00

Sonali Bank holds Shariah supervisory committee meetingThe Shariah Supervisory Committee of Sonali Bank PLC held its 27th meeting at the bank's head office board room on Thursday. Chairman of the committee Dr Mohammad Abdur Rashid presided over the meeting. Among...

MTB CEO honored with 'Most Influential Banking Leader'

2024-07-02 00:00:00

Mutual Trust Bank (MTB) proudly announces that Syed Mahbubur Rahman, our managing director and CEO, has been honored with the "Most Influential Banking Leader, Lifetime Achievement Award-Bangladesh" by Business Tabloid Magazine. This prestigious accolade underscores Rahman's decisive leadership and strategic...

Midland Bank re-elected chair, vice chair

2024-07-02 00:00:00

Nilufer Zafarullah and Md. Shamsuzzaman have been re-elected chairman and vice chairman of Midland Bank for the next two years. The board of directors in its 155th meeting held on June 30, 2024 made the decision, according to a p[press...

IFIL reports maiden loss for 2023 as defaults surge

FE REPORT | 2024-07-02 00:00:00

Islamic Finance & Investment Limited (IFIL) reported a loss for the first time for 2023 of Tk 230.23 million since inception, as borrowers, battered in sluggish business environment, have failed to pay back. Non-performing loans rose to an all-time high...

DSE SME board gains 13pc in FY24, advantaged by absence of floor price

Babul Barman | 2024-07-02 00:00:00

The SME market index soared almost 13 per cent year-on-year in the just concluded financial year as it drew a significant number of investors at a time when the main market endured persistent price erosion.Substantial price hikes of most SME...

Iron ore at almost 2-week high

2024-07-02 00:00:00

BEIJING, July 1 (Reuters): Iron ore futures prices rose on Monday to their highest levels in nearly two weeks, helped by better-than-expected factory data in top consumer China and hopes of more stimulus measures in the world's second-largest economy later...

Boeing restarts new plane deliveries to China

2024-07-02 00:00:00

SEOUL, July 1 (Reuters): Boeing has restarted wide-body jet deliveries to China that were halted in recent weeks due to a Chinese regulatory review which also stalled new narrow-body deliveries by the US planemaker, according to flight tracking data and...

CVO Petro-Chemical Refinery bade farewell to outgoing Commissioner of Chattogram Metropolitan Police (CMP) Krishna Pada Ray on Monday.

2024-07-02 00:00:00

CVO Petro-Chemical Refinery bade farewell to outgoing Commissioner of Chattogram Metropolitan Police (CMP) Krishna Pada Ray on Monday. Chairman of the company Shamsul Alam Shamim presented a bouquet to the outgoing CMP Commissioner at his office. Additional Commissioner A S...

Gold edges higher as dollar slips--

2024-07-02 00:00:00

Gold prices rose on Monday as the dollar softened, while investors turned cautious ahead of key economic data that could shed light on the Federal Reserve's potential rate cut trajectory, reports Reuters.Spot gold rose 0.4 per cent to $2,335.40 per...

Oil rises on summer demand hopes

2024-07-02 00:00:00

Oil prices rose on Monday, helped by expected peak summer consumption and OPEC+ production cuts, though gains were capped by rising output from other producers and caution over potential market volatility ahead of pending elections, reports Reuters.Brent crude futures rose...

Challenges to freedom of information and RTI Act

Muhammad Zamir | 2024-07-01 12:00:00

Freedom of information is an extension of freedom of speech, a fundamental human right recognised in international law, which is understood more generally as freedom of expression in any medium-- be it orally, in writing, print, through the internet or...

Prime Minister Sheikh Hasina exchanges pleasantries with guests during

2024-07-01 00:00:00

Prime Minister Sheikh Hasina exchanges pleasantries with guests during a post-budget dinner at the Bangabandhu International Conference Centre (BICC) on Sunday. — Photo Focus Bangla

Relentless rain batters life in Dhaka, elsewhere

2024-07-01 00:00:00

FE REPORT The capital, Dhaka, and other areas of the country witnessed incessant rain on Sunday that disrupted normal public life and their daily routine activities.Rainfalls intensified due to the monsoon, with active condition prevailing over the country, particularly in...

HSC examinees bear brunt of heavy rain

2024-07-01 00:00:00

Students sitting for the Higher Secondary Certificate and equivalent exams had to brave the heavy rain on Sunday morning to reach their exam centres.The rain dwindled the transports available on the roads and traffic congestion caused further delays for examinees...

Court appoints magistrate for entry into Benazir's flats

FE REPORT | 2024-07-01 00:00:00

A Dhaka court on Sunday appointed a first-class magistrate to make an entry into the four confiscated flats owned by former Inspector General of Police (IGP) Benazir Ahmed and his family members.Judge of the Dhaka Metropolitan Senior Special Judge's Court...

Tax official transferred to Bogura after court's order to confiscate his wealth

2024-07-01 00:00:00

FE REPORT The revenue board has transferred its First Secretary (current charge) Quazi Abu Mahmud Faisal to its Bogura office, following an allegation of accumulating wealth earned through illegal means. The Additional Commissioner at the tax legal and enforcement wing...

LNG subsidy may spike 27pc in FY25 despite tariff hikes

M AZIZUR RAHMAN | 2024-07-01 00:00:00

Government's subsidy for liquefied natural gas (LNG) procurement is set to surge 27.27 per cent year on year to Tk 70 billion in FY2024-25, starting from today (Monday). This comes despite the authorities raising gas tariffs at least five times...

Bank holiday today, stock mkts closed

2024-07-01 00:00:00

All forms of bank transactions will be closed on Monday, as they are on July 1 every year.As banks are closed, there will be no transactions on the Dhaka Stock Exchange or the Chittagong Stock Exchange either, reports bdnews24.com.Though transactions...