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Oman eases visa curbs for Bangladesh nationals

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

Oman has decided to exempt certain categories of Bangladeshi nationals from its visa ban issued in October of last year.The categories are: family visas, visitation visas for citizens of Bangladesh residing in GCC (Gulf Cooperation Council) countries, physician, engineer, nurse,...

Trials of train travels for delayed departure

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

Passengers travelling by rail on different routes underwent an ordeal as most of the trains at Kamalapur Station departed late on Wednesday.Thousands of city-dwellers started leaving the capital city of Dhaka by train to celebrate the upcoming festival with their...

India submits revised proposal for trial run

REZAUL KARIM | 2024-06-13 00:00:00

India has proposed afresh to conduct a trial run of a freight train up to Bhutan border via Bangladesh.The country has sent a revised draft memorandum of understanding (MoU) in this regard through its mission in Dhaka to the authorities...

Economists call for budget cuts, central bank tightening

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

The government should re-examine its budget to trim the outlay by Tk 500 billion through expenditure-plan adjustments. Administrative costs, subsidies and other government spending could be reduced, while bank borrowing should be limited to less than Tk 900 billion, according...

Governance, transparency, time-bound strategy urgent

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

Establishing governance, transparency and time-bound strategy are among urgent dos for helping Bangladesh economy out of its current predicament, eminent discussants said Wednesday at a dialogue and termed the proposed budget inappropriate for now.This is an "ordinary budget during an...

China proposal on Teesta project feasibility under consideration: PM

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

The government is considering a proposal for a detailed feasibility study for implementation of the Teesta river-restoration and-management project, said Prime Minister Sheikh Hasina as the question arose in parliament Wednesday. She was responding to the question raised by lawmaker...

Heat wave may continue --

2024-06-13 00:00:00

Light to moderate rain/thunder showers accompanied by temporary gusty wind is likely to occur at many places over Rangpur, Mymensingh and Sylhet divisions; at a few places over Dhaka and Chattogram divisions and at one or two places over Rajshahi,...

Remal losses estimated at Tk 70b

2024-06-13 00:00:00

The government has so far estimated the losses caused by cyclone Remal at Tk 70.0 billion, said State Minister for Disaster Management and Relief Md Mohibur Rahman on Wednesday, reports UNB.The overall damage report of the cyclone will be handed...

Court orders confiscation of more property of Benazir -

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

The Anti-Corruption Commission (ACC) has identified more movable and immovable assets belonging to former Inspector General of Police (IGP) Benazir Ahmed and his family.In the latest development in a series of court orders related to Benazir Ahmed's alleged corruption, a...

DSCC to remove Eid-time animal waste in 24 hours

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

Dhaka South City Corporation (DSCC) Mayor Sheikh Fazle Noor Taposh said on Wednesday that the wastes of sacrificial animals, produced on the day of Eid-ul-Azha, would be removed within 24 hours. He made the comment to the media after visiting...

31 KNF detainees transferred to Ctg Jail

2024-06-13 00:00:00

CHATTOGRAM, Jun 12 (UNB): A total of 31 members of the Kuki Chin National Front (KNF), an armed group, were transferred from Bandarban Jail to Chattogram Central Jail on Tuesday.The transfer included 16 women and 15 men, all under strict...

Ex minister Nasim's 4th death anniv today

2024-06-13 00:00:00

The 4th death anniversary of veteran Awami League leader and former health and family welfare minister Mohammed Nasim will be observed today (Thursday), reports BSS.Marking the day, political and different social organisations and his family members will place wreaths at...

Seven pro-BNP lawyers exempted from personal appearance

2024-06-13 00:00:00

The Supreme Court (SC) has exempted seven pro-BNP lawyers of the apex court from appearing personally in a contempt of court case filed against them for passing derogatory remarks on two SC judges, reports BSS.A four-judge Appellate Division bench led...

New Air Chief pays homage to Bangabandhu -

2024-06-13 00:00:00

Newly appointed Chief of Air Staff Air Marshal Hasan Mahmood Khan paid tributes to the Father of the Nation Bangabandhu Sheikh Mujibur Rahman laying a wreath at the mausoleum of Bangabandhu in Tungipara of Gopalganj on Wednesday, reports UNB.During the...

What Dr Yunus is saying is untrue, offensive

2024-06-13 00:00:00

Law Minister Anisul Huq has said Dr Yunus is being tried in the same way as any citizen of the country who breaches the law but what he (Yunus) is saying is untrue and insulting to the people of Bangladesh,...

Movement to restore democracy will be intensified soon: Fakhrul

2024-06-13 00:00:00

Stating that all opposition parties are now united against the current government, BNP Secretary General Mirza Fakhrul Islam Alamgir has said the ongoing movement for the restoration of democracy will be intensified very soon.The BNP leader came up with the...

European auto shares hit by retaliation fears after EU tariffs on Chinese EVs

2024-06-13 00:00:00

Shares in some of Europe's biggest automakers dropped on Wednesday on fears of Chinese retaliation after the European Commission said it would impose duties on imported Chinese electric vehicles, reports Reuters.The Commission said it would apply provisional duties of up...

Germany's Uniper says awarded 13 bn euros for lost Russian gas

2024-06-13 00:00:00

BERLIN, June 12 (AFP): German energy giant Uniper said Wednesday a tribunal had awarded it over 13 billion euros ($14 billion) in damages from Russian state energy company Gazprom for its failure to deliver gas.The ruling gave Uniper "the right...

Apple becomes the first $1 trillion global brand, Nvidia's value triples, report says

2024-06-13 00:00:00

June 12 (Reuters): Apple has become the first brand to cross $1 trillion in brand value, a 15 per cent jump from last year, while chipmaker Nvidia's value has nearly tripled, a global ranking by Kantar's BrandZ showed on Wednesday.The...

China securities regulator says it welcomes Middle East investment

2024-06-13 00:00:00

SHANGHAI/BEIJING, June 12 (Reuters): China's securities regulator said on Wednesday that it welcomes foreign financial institutions and investors, including those from the Middle East, to expand investment in China.The statement was made in response to a Reuters request seeking comment...

Agrani Bank opens 978th Branch in Nasirnagar

2024-06-13 00:00:00

Agrani Bank PLC opened its 978th branch in Nasirnagar upazila, Brahmanbaria, on Wednesday. Mofiz Uddin Ahmed, Additional Secretary of the Financial Institutions Division attended the event as the chief guest. The branch was officially inaugurated by Kazi Abdur Rahman, Deputy...

JANATA BANK HOLDS BRANCH MANAGERS' CONFERENCE -

2024-06-13 00:00:00

Janata Bank PLC organised Branch Managers' Conference under Dhaka South Divisional Office at its head office on Monday. Md Abdul Jabbar, MD & CEO of the bank, was present as the chief guest.

BEZIA delegation callS on Finance Minister

2024-06-13 00:00:00

A seven-member delegation from the Bangladesh Economic Zones Investors Association (BEZIA) called on Finance Minister Abul Hasan Mahmud Ali on Wednesday to discuss modifications and deletions to certain budget proposals pertaining to BEZIA in the proposed budget for fiscal year...

MTB Foundation Honoured for supporting Marginalised Communities

2024-06-13 00:00:00

MTB Foundation has recently been honored by the Upazila Nirbahi Officer (UNO) of Patharghata Upaliza, Barguna, Barishal for its pioneering role and passionate commitment to Corporate Social Responsibility (CSR) in Barguna region under the 'Environment' sector. To mark the World...

Southeast Bank Signs MoU with SNOWTEX Group

2024-06-13 00:00:00

Southeast Bank signed a Memorandum of Understanding (MOU) with SNOWTEX Group at Savar, Dhaka for providing Payroll Banking Service, ATM Service & Corporate Payment Module. Nuruddin Md. Sadeque Hossain, managing director of Southeast Bank, and S.M. Khaled, managing director of...

PREMIER BANK APPROVES 12.5PC CASH DIVIDENDS

2024-06-13 00:00:00

Premier Bank held its 25th annual general meeting virtually on Wednesday (June 12, 2024). Heroic Freedom Fighter Dr. H.B.M. Iqbal, honorable chairman, board of directors of Premier Bank, presided over the meeting. The participants and shareholders present at the AGM...

Two more RMG factories get LEED certification

2024-06-13 00:00:00

Two more readymade garment (RMG) factories of the country have achieved the recognition of the LEED certification this month, raising the number of the LEED certified factories to 220, reports UNB.As of May this year, the number of the LEED...

Japanese investors invited to invest in EZs

2024-06-13 00:00:00

Ambassador of Bangladesh to Japan Shahabuddin Ahmed urged Japanese investors to invest in special and other Economic Zones (EZs) of Bangladesh as Bangladesh has offered fiscal and non-fiscal incentives to foreign investors, reports UNB.Shahabuddin Ahmed came up with the call...

ACI Marine signs deal with Khulna Shipyard for supply of marine engines

2024-06-13 00:00:00

ACI Marine & Riverine Technologies Ltd., a concern of ACI Limited, a leading conglomerate in Bangladesh, has signed a contract agreement with Khulna Shipyard Limited for the supply of Mitsubishi marine engines. The contract signing ceremony, held at the office...

Market intermediaries to hire auditor from BSEC panel

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

The securities regulator has issued a directive making it compulsory for market intermediaries to choose auditors from the auditor panel for higher accountability. All issuer companies have already been bound to hire auditors from a list of auditors made by...