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Ensure supply of food, clean water in flood-hit areas

2024-08-27 00:00:00

In recent days, continuous heavy rainfall in India's Tripura state and Bangladesh's eastern regions has led to one of the most devastating floods in memory, affecting nearly 11 districts, with the people of Feni and Cumilla being hit the hardest....

Forecasting flying rivers

Syed Fattahul Alim | 2024-08-27 00:00:00

The flash floods that struck the north-eastern and south-eastern districts of Bangladesh on August 20 shocked many and confused others about why those (floods) happened at all at a time when the interim government in the wake of a bloody...

Routes loan sharks chose to devour banks

Shamsul Huq Zahid | 2024-08-27 00:00:00

The number of delinquent borrowers who have ripped the country's private and public banks is unknown. Together, these plunderers have brought the banking industry to its knees. The interim government that assumed power following what many fondly describe as the...

Chief adviser spells out mission to be accomplished

2024-08-27 00:00:00

In his inaugural address to the nation on Sunday last after taking over the responsibility of the chief adviser of the interim government, Dr Muhammad Yunus has firmly mentioned the preeminently historic mission he and his team of advisers have...

Hasina falls, lands in India & leaves behind a sputtering economy

Muhammad Mahmood | 2024-08-27 00:00:00

I acknowledge that I have borrowed the first half of the title of this article from the Daily Telegraph (online) of India. It is not surprising that that Sheikh Hasina landed in India. During her 15-year rule, India has enjoyed...

Telegram CEO Pavel Durov arrested at French airport

2024-08-26 00:00:00

PARIS, Aug 25 (BBC): Telegram chief executive Pavel Durov has been arrested by French police at an airport north of Paris.Mr Durov was detained after his private jet had landed at Le Bourget Airport, French media reported.According to officials the...

Canada rail employees ordered back to work

2024-08-26 00:00:00

OTTAWA, Aug 25 (AFP): Canada's industrial relations board on Saturday ordered striking rail workers back on the job and imposed binding arbitration to settle labor disputes at two major freight carriers that threatened to upend the North American economy.Stoppages began...

Bank of China President Liu Jin resigns

2024-08-26 00:00:00

BEIJING, Aug 25 (Reuters): Bank of China Vice Chairman and President Liu Jin resigned for personal reasons effective on Sunday, the bank said.The state-owned lender said its board had approved Chairman Ge Haijiao to serve as acting president, according to...

Brazil’s central bank chief warns fiscal issues impact monetary policy transmission

2024-08-26 00:00:00

JACKSON HOLE, Aug 25 (Reuters): Brazil's central bank chief said on Saturday that discussing monetary policy transmission will become increasingly difficult without addressing fiscal issues, citing the growing burden of public debt driven by expanded government spending.Speaking at the Kansas...

Asia spot LNG prices ease from 8-month top on weaker demand

2024-08-26 00:00:00

SINGAPORE, Aug 25 (Reuters): Asian spot liquefied natural gas (LNG) prices eased last week from a more thaneight-month top on the back of easing spot demand and as European gas prices also fell.The average LNG price for October delivery into...

US new home sales rise

2024-08-26 00:00:00

Sales of new US single-family homes rose to their highest level in more than a year in July as a drop in mortgage rates boosted demand, offering more evidence that the housing market is recovering, reports Reuters.New home sales jumped...

Thai central bank will use policy mix for economic recovery

2024-08-26 00:00:00

BANGKOK, Aug 25 (Reuters): Thailand's central bank will use a policy mix to address uneven recovery in Southeast Asian's second-largest economy, its governor said on Saturday.Interest rates alone cannot fix economic problems, Bank of Thailand Governor Sethaput Suthi-wartnarueput told a...

PRAGATI LIFE INSURANCE HOLDS 24TH AGM

2024-08-26 00:00:00

The 24th Annual General Meeting (AGM) of Pragati Life Insurance Limited was held virtually on Thursday. Director of the company Syed M. Altaf Hussain presided over the meeting. The shareholders unanimously approved 14 per cent cash dividend for the year...

Hatem new BKMEA president

FE REPORT | 2024-08-26 00:00:00

Mohammad Hatem, Managing Director of MB Knit Fashion Ltd., has succeeded Salim Osman as the President of the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA).Mr. Osman resigned from the post of President due to health issues, according to a statement...

Nagad opens account to facilitate donations for flood victims

2024-08-26 00:00:00

Nagad, one of the country's leading mobile financial service providers, has introduced a specialised account as directed by the government, aiming to facilitate easy contribution to the state relief fund for flood victims.Unlimited donations can be made via this newly...

NRBC Bank's donation for flood victims

2024-08-26 00:00:00

NRBC Bank donated Tk 10 million under its Corporate Social Responsi-bility, along with donation from Directors and other donation equivalent to one-day salary of all levels of employees for the flood-affected people, says a press release. Out of the amount,...

NBR to automate tax audits to end harassment

FE REPORT | 2024-08-26 00:00:00

The tax authority plans to eliminate human intervention in the auditing of taxpayers' files by implementing an automated scrutiny system soon, the revenue board chief said on Sunday. This decision came in response to complaints from the Federation of Bangladesh...

Cotton hits one-month high on dollar slide

2024-08-26 00:00:00

ICE cotton futures rose more than 2 per cent on Friday, hitting their highest level in a month, on lower US dollar and upbeat sentiment in wider financial and commodity markets, reports Reuters.Cotton contracts for December CTZ4 rose 1.74 cent,...

Swiss chocolate maker halts production at Mexico plant

2024-08-26 00:00:00

NEW YORK, Aug 25 (Reuters): Swiss chocolate maker Barry Callebaut said on Friday it had halted operations at one of its plants in Mexico after tests found that production at that site did not meet the company's quality standards.A spokesperson...

Sunflower oil dethrones olive oil in Spain's kitchens as prices soar

2024-08-26 00:00:00

MADRID, Aug 25 (Reuters): Sunflower oil has dethroned olive oil as king of the kitchen in Spain, the world´s largest olive oil producer, as rising prices force consumers to switch to cheaper options.Spaniards bought 107 million litres (28.3 million gallons)...

Walmart's exit raises questions about JD.com's future

2024-08-26 00:00:00

SHANGHAI/Beijing, Aug 25 (Reuters): E-commerce retailer JD.com needs to convince investors of its relevance amid a stagnant Chinese e-commerce market, aggressive price war and now, the departure of Walmart, its biggest shareholder.Walmart announced this week a full exit from the...

Bangladesh find joy amid utter chaos in epic win

2024-08-26 00:00:00

The political unrest in Bangladesh has, temporarily, left the country crippled. Just when it seemed Bangladesh has slumped to their lowest point, cricket has given them something to cheer for, in fact, plenty. Although their cricket has not quite grown...

Shakib becomes leading wkt-taker among left-arm spinners

2024-08-26 00:00:00

On the final day of the Rawalpindi Test, Shakib Al Hasan remarkably found his lost bowling rhythm, achieving a significant milestone as the Bangladeshi all-rounder is now the most successful left-arm spinner in the history of international cricket, report agencies.Shakib...

Pak's loss to BD blamed on overconfidence, poor management

2024-08-26 00:00:00

KARACHI, Aug 25 (Geo Tv): Cricket experts on Sunday dissected Pakistan's dismal performance against Bangladesh in the Test match that the hosts lost by 10 wickets.Bangladesh registered their first ever Test win over Pakistan in the series opener in Rawalpindi...

Mushfiqur relishes historic Test win against Pakistan

2024-08-26 00:00:00

Bangladesh beat Pakistan by 10 wickets in the first Test match at Rawalpindi. Mushfiqur Rahim starred for the visitors with a sensational 191 in the first innings of the game which helped Bangladesh topple the Pakistan side. Speaking after the...

Captain Najmul dedicates Tigers' historic win to protest victims

2024-08-26 00:00:00

RAWALPINDI, Pakistan, Aug 25 (Agencies): Bangladesh captain Najmul Hossain Shanto said his team's first win in Test cricket against Pakistan on Sunday was a tribute to people killed during protests that toppled former premier Sheikh Hasina.The South Asian nation endured...

Fair price makes pomelo growers happy in Panchagarh

2024-08-26 00:00:00

PANCHAGARH, Aug 25 (BSS): Farmers are happy to see bumper production and fair price of pomelo in the district as the juicy delicious fruit selling is going on in full swing in Debiganj appearing to be its large selling center.Pomelo...

Two killed in Barisal road accident

2024-08-26 00:00:00

BARISAL, Aug 25 (BSS): Two people were killed and seven others injured in a head-on collision between a passenger bus and a Mahendra on Dhaka-Barisal Highway on Sunday.The deceased were identified as Masuma Akhter, 32, hailed from Islampur village and...

Dream of farming Mexican avocado in BD comes true

OUR CORRESPONDENT | 2024-08-26 00:00:00

PABNA, Aug 25: Farming of Avocado, a Mexican fruit that is enriched with different nutrients, has started in Jhenaidah and its nearby districts for its high demand and profits.Avocado looks like guava and its scientific name is persea americana. Mexico...

Library vandalised, torched after ouster of Hasina's govt

OUR CORRESPONDENT | 2024-08-26 00:00:00

RAJSHAHI, Aug 25: Following the ouster of the Sheikh Hasina-led government, mob vandalised and set fire to a library named 'Belgachi Library and Pathak Club' in Rajshahi's Mohanpur upazila.On August 5, a massive crowd exalted over Sheikh Hasina's resignation as...