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Gold trims decline after US producer prices data

2024-06-14 00:00:00

Gold prices trimmed some losses on Thursday after weaker-than-expected US producer inflation data raised hopes for two rate cuts in 2024, even as the Federal Reserve's projections called for just one cut this year, reports Reuters.Spot gold was down 0.2...

NextDecade, Saudi Aramco sign 20-yr LNG supply deal

2024-06-14 00:00:00

US liquefied natural gas (LNG) provider NextDecade has signed a non-binding agreement with Saudi Aramco to supply 1.2 million tonnes per annum (MTPA) of LNG for 20 years, the companies said on Thursday, reports Reuters.The deal comes at a time...

JANATA BANK HOLDS BRANCH MANAGERS' CONFERENCE --

2024-06-14 00:00:00

Janata Bank PLC organised Branch Managers' Conference under Dhaka North Divisional Office at its head office on Wednesday. Md Abdul Jabbar, MD & CEO of the bank, was present as the chief guest while Md. Ekramul Haque Akan, GM at...

Oil softens on Fed rate decision, ample supply outlook

2024-06-14 00:00:00

LONDON, June 13 (Reuters): Oil prices slipped on Thursday as investors digested that the US Federal Reserve had likely pushed back an interest rate cut to December and as US crude and fuel stocks rose.Brent crude futures fell 60 cents,...

News in Brief 2024-06-14

2024-06-14 00:00:00

Eight EU countries for restrictingRussian diplomats' movementROME, June 13: Eight European Union foreign ministers wrote to EU foreign policy chief Josep Borrell to call on the EU to ban Russian diplomats from moving freely around the block and restrict them...

Lebanese women smoke waterpipe on the beach

2024-06-14 00:00:00

Lebanese women smoke waterpipe on the beach in the port city of Tyre in southern Lebanon recently — AFP

Israeli forces enter deeper into Rafah

2024-06-14 00:00:00

RAFAH, June 13 (Reuters/AFP): Israeli tanks advanced deeper into the western area of Rafah, amid one of the worst nights of bombardment from air, ground, and sea, forcing many families to flee their homes and tents under darkness, residents said...

G7 eyes Ukraine funding plan at Italy summit

2024-06-14 00:00:00

BARI, June 13 (AFP): G7 leaders gather Thursday for the first day of an Italy summit, seeking to seal a deal on using frozen Russian assets to help war-torn Ukraine.Ukrainian President Volodymyr Zelensky will join US President Joe Biden and...

Buenos Aires rocked by clashes over reforms

2024-06-14 00:00:00

BUENOS AIRES, June 13 (BBC): Argentina's Senate has narrowly approved President Javier Milei's controversial economic reform package, with the vote taking place as violent clashes raged between protesters and riot police outside Congress.Demonstrators in Buenos Aires - who say the...

Tangail road crash kills two bikers

2024-06-14 00:00:00

TANGAIL, June 13 (UNB): Two motorcyclists were killed and another injured when a covered van hit the motorbike at Kadamtoli in Ghatail upazila of Tangail district on Thursday.The deceased were identified as Zahurul Islam Jewel, 48, son of Abdus Salam,...

Farmers build road voluntarily to take crops home easily

OUR CORRESPONDENT | 2024-06-14 00:00:00

CHANDPUR, June 13: After suffering acutely for a long time, farmers have built a road on their own in a remote area of Palakhal union under Kachua upazila of the district to ensure easy carrying of their harvested crops home...

Audit objections worth Tk 33.9m raised

A CORRESPONDENT | 2024-06-14 00:00:00

RAJSHAHI UNIVERSITY, June 13: Around Tk 33.9 million (3.39-crore) audit objections have been found in the sales of undergraduate first-year admission test forms in three consecutive academic years of Rajshahi University (RU).Many teachers and students have complained of irregularities and...

Mutual Trust Bank declares deal with D Money Bangladesh

2024-06-14 00:00:00

Mutual Trust Bank (MTB) has announced a new partnership deal with D Money Bangladesh for a range of digital services. The inauguration ceremony, held at MTB Centre, the bank's corporate head office in Gulshan 1, Dhaka, was attended by Syed...

IFIC to issue zero coupon bonds

FE REPORT | 2024-06-14 00:00:00

Private sector commercial bank, IFIC decided to issue zero-coupon bonds worth Tk 6 billion to raise regulatory capital, moving away from its decision to float coupon-bearing subordinated bonds. Its board of directors approved the issuance of fully redeemable, non-convertible, unsecured,...

Dhaka stocks close green before Eid holidays

FE REPORT | 2024-06-14 00:00:00

Dhaka stocks managed to stay positive for the second day in a row on Thursday as bargain hunters opted to take positions in beaten-down issues in anticipation of short-term gains.Market analysts said that after a sharp correction in recent weeks,...

Bangladesh Finance reports first-time loss for 2023 on higher default risk

FE REPORT | 2024-06-14 00:00:00

Bangladesh Finance endured losses for the first time in 2023 for what it said is higher provision and a substantial decline in income from investment in securities in the bearish market. The non-bank financial institution (NBFI) has reported a loss...

How homeopathic colleges compromise qualities

2024-06-14 00:00:00

Since 1790, homeopathic treatment, pioneered by the German scientist Christian Friedrich Samuel Hahnemann, has grown in popularity. With increasing awareness of the side effects of antibiotics, interest in homeopathy has surged, bolstered by confidence in this treatment system. Recognising this,...

Harnessing potential of maritime resources

2024-06-14 00:00:00

Since securing exclusive rights to a significant area in the Bay of Bengal in 2013, Bangladesh has had the opportunity to capitalise on its maritime resources for economic growth and prosperity. However, a decade later, we find ourselves falling short...

Public transports in a shambles

Shiabur Rahman | 2024-06-14 00:00:00

The inhabitants of Dhaka city have been bombarded with the official jargon of turning the city into a 'tilottoma' or incomparably beautiful capital since the regime of HM Ershad. Although survey reports find the capital of Bangladesh as one of...

Where engineering and technological universities falter

Nilratan Halder | 2024-06-14 00:00:00

The Quacquarelli Symonds (QS) University Rankings, the pioneer in this field, has come up with ranking of global universities for their excellence in higher education for the year 2025. It is also the first to introduce what it calls the...

Hydropower from Nepal

2024-06-14 00:00:00

The approval given by the Cabinet Committee on Government Purchase (CCGP) for import of 40 megawatts of hydroelectricity from Nepal is a significant step towards materialising the plan to strengthen the country's grid power. While the deal is primarily between...

Justifying increased health budget for improved healthcare

Shafiun Nahin Shimul | 2024-06-14 00:00:00

Bangladesh has made notable strides in its health sector, earning accolades both nationally and internationally. Yet, beneath these achievements lies a troubling reality: the sector is riddled with inefficiencies and weaknesses, starkly exposed by various national and international emergencies including...

Fire in Kuwaiti building housing workers kills 41

2024-06-13 00:00:00

A fire that broke out in a building housing workers in the city of Mangaf in southern Kuwait early on Wednesday has killed at least 41 people, the country's deputy prime minister Sheikh Fahad Yusuf Saud Al-Sabah said during a...

363 foreigners detained in BD prisons

FE REPORT | 2024-06-13 00:00:00

A total of 363 foreigners are imprisoned or detained in different jails of Bangladesh for committing various crimes, Home Minister Asaduzzaman Khan told the House on Tuesday.Responding to a question of lawmaker Farida Yasmin, the home minister said of the...

Mobile usage costs rise for 'irrational' SD, surcharge

FE REPORT | 2024-06-13 00:00:00

Telecom-industry leaders said on Wednesday that they could reduce mobile expenditure of customers significantly had the government cut what they call 'irrational' 20-percent supplementary duty and 01-percent surcharge imposed on the usages.They made the observation while speaking at a post-budget...

UGC approves Tk 117b for 55 public varsities in FY 25

FE REPORT | 2024-06-13 00:00:00

The budget allocation for the country's public universities has decreased in the fiscal year (FY) 2024-25 compared to the last fiscal, despite a demand for higher allocation in research and development from the universities. The University Grants Commission (UGC) has...

Court frames charges against Yunus, 13 others

FE REPORT | 2024-06-13 00:00:00

A Dhaka court framed charges against Nobel Laureate Prof Dr Muhammad Yunus and 13 others on Wednesday in a case filed on charge of embezzling and laundering Tk 252.2 million of Grameen Telecom Workers' Profit Participation Fund. Syed Arafat Hossain,...

Summit requests force majeure as FSRU function halts

M AZIZUR RAHMAN | 2024-06-13 00:00:00

Summit Group has applied to execute force majeure against a halt in the operation of its LNG (liquefied natural gas) terminal, according to sources.Summit LNG Terminal is preparing to leave the mooring facility in the Bay of Bengal as it...

BD among 10 countries on bottom rung

MONIRA MUNNI | 2024-06-13 00:00:00

Bangladesh, for the eighth consecutive year since 2017, ranks among 10 countries of the world that stand on the bottom rung in guaranteeing labour rights, according to a global survey.Bangladesh's peers on the list are Belarus, Ecuador, Egypt, Eswatini, Guatemala,...

Prayer Timings (2024-06-13)

2024-06-13 00:00:00