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EBL cardholders to enjoy special offers at BRAC Healthcare

2024-05-17 00:00:00

Eastern Bank Limited (EBL) and BRAC Healthcare recently signed an agreement to offer special benefits to EBL cardholders on BRAC Healthcare's products and services. M. Khorshed Anowar, deputy managing director and head of retail and SME banking of EBL, and...

Unilever Consumer Care sees highest trade volume in 14 months

MOHAMMAD MUFAZZAL | 2024-05-17 00:00:00

Unilever Consumer Care on Thursday witnessed transactions of the highest volume of shares in a day in 14 months on the Dhaka Stock Exchange (DSE). On the day, the second highest valued stock's turnover was Tk 90.40 million following trades...

National Bank endures record quarterly loss as bad loans mount

FE REPORT | 2024-05-17 00:00:00

National Bank Limited (NBL) showed a loss of Tk 7.66 billion for January-March this year, higher than in the first quarter of previous years, as its expenses far outstripped income for its huge default loan burden. During the quarter, it...

Siemens to sell electrical motors business to KPS

2024-05-17 00:00:00

BERLIN, May 16 (AFP): German industrial giant Siemens said Thursday it will sell its electrical motors business Innomotics to private US equity firm KPS Capital Partners for 3.5 billion euros ($3.8 billion).Innomotics, a subsidiary whose motors and other systems are...

Mahindra to invest $1.44b in EV unit

2024-05-17 00:00:00

BENGALURU, May 16 (Reuters): Indian automaker Mahindra & Mahindra will invest 120 billion rupees ($1.44 billion) in its electric vehicles unit, it said on Thursday, as the company beat fourth-quarter profit estimates on steady sales of its sports utility vehicles...

Toshiba to cut up to 4,000 jobs in Japan

2024-05-17 00:00:00

TOKYO, May 16 (AFP): Troubled Japanese industrial giant Toshiba said Thursday that it plans to cut up to 4,000 jobs domestically as part of a restructuring programme.The announcement follows the delisting of the firm's shares in September after being taken...

EU probes Facebook, Instagram over child protection

2024-05-17 00:00:00

BRUSSELS, May 16 (AFP): The EU on Thursday opened a formal investigation into Facebook and Instagram on suspicion the platforms owned by Meta are causing addictive behaviour in children.The probe is under a mammoth law known as the Digital Services...

Japan's economy shrinks on weak consumer spending, auto woes

2024-05-17 00:00:00

TOKYO (AP): The Japanese economy shrank at an annual rate of 2% in the first quarter of this year, as consumption and exports declined, the government said Thursday.Although unemployment has stayed relatively low in the world's fourth largest economy at...

IMF approves use of reserve assets for 'hybrid' financial instruments

2024-05-17 00:00:00

WASHINGTON, May 16 (AFP) : The IMF said Wednesday that its board had voted to allow member states' IMF-issued international reserve assets to be used by multilateral development banks (MDBs) to acquire financial instruments that would stretch their balance sheets...

ANOTHER GOLDEN FEATHER IN THE CAP OF COMFIT'S GREEN INITIATIVE

2024-05-17 00:00:00

Banana Leaf Building, located at the Comfit Composite Knit Ltd (Comfit) campus in Gorai, Mirzapur, Tangail, has been awarded a "Gold" building certification by the U.S. Green Building Council (USGBC). This marks the fourth recognition by the USGBC, following the...

Safe and Hassle-Free Qurbani by Bengal Meat

2024-05-17 00:00:00

As the Eid-ul-Azha 2024 approaches, Bengal Meat continues its tradition of easing customers' concerns during Qurbani. The organisation has once again introduced their Online Qurbani Haat for the 10th consecutive year. Officials of Bengal Meet announced the inauguration at a...

BRAC Bank celebrates Mother's Day

2024-05-17 00:00:00

BRAC Bank celebrated Mother's Day 2024 with a special event, inviting the mothers of its co-workers to visit and mingle with their children at their workplace at its head office in Dhaka on Wednesday. The bank's Chairperson Meheriar M Hasan...

Trust Bank inaugurates Kalabagan Branch

2024-05-17 00:00:00

Major General Md Jubayer Salehin, Adjutant General, Bangladesh Army and Vice Chairman of Trust Bank PLC, inaugurated the relocated and renamed Kalabagan Branch of the bank at its new location at Green Landmark (2nd Floor), Holding No. - 129, Mirpur...

Community Bank holds its 5th Annual General Meeting

2024-05-17 00:00:00

The 5th Annual General Meeting (AGM) of Community Bank Bangladesh PLC was held at the Police Headquarters in Dhaka on Wednesday. Inspector General of Police, and Chairman of Community Bank, Chowdhury Abdullah Al-Mamun, presided over the meeting. Md Kamrul Ahsan,...

Leather industry must embrace eco-friendliness to thrive: Saber

2024-05-17 00:00:00

Environment, Forest and Climate Change Minister Saber Hossain Chowdhury said that to save the leather industry, environment-friendly investment should be increased, reports UNB.He said there would be no relaxation of quality standards in the leather industry. If the leather industry...

Interest payments to cost Tk 2.53tn in next two fiscals

2024-05-17 00:00:00

Bangladesh's total interest payment on loans for the next two fiscal years is set to reach Tk 2,537 billion, as stated in the government's 'Medium Term Macroeconomic Policy Statement for 2023-24 to 2025-26'. The breakdown reveals Tk 1,154 billion slated...

PM to open 22nd biennial confce of BEA today

FE REPORT | 2024-05-17 00:00:00

The two-day 22nd biennial conference of the Bangladesh Economic Association (BEA) will start in the city today (Friday). Prime Minister Sheikh Hasina will inaugurate the event as the chief guest.President of the BEA, Professor Dr. Abul Barkat, disclosed this information...

News in Brief -2024-05-17

2024-05-17 00:00:00

Worshippers set on fire in Nigeriamosque: 11 killed, dozens hurtKANO, May 16: At least 11 worshippers have been killed and dozens others injured after a man attacked a mosque in Nigeria's northern Kano state, police say. A man allegedly sprayed...

Two US brothers held for stealing $25m in crypto in 12 seconds

2024-05-17 00:00:00

NEW YORK, May 16 (BBC): Two brothers who studied at one of the most prestigious universities in the US have been charged with stealing $25m (£20m) in cryptocurrency in 12 seconds.Anton Peraire-Bueno, 24, and James Peraire-Bueno, 28, are accused of...

Israel moves in on north Gaza Hamas stronghold

2024-05-17 00:00:00

GAZA, May 16 (Reuters/AFP): Israel's tanks pushed into the heart of Jabalia in northern Gaza on Thursday, facing anti-tank rockets and mortar bombs from militants concentrated there, while in the south, its forces pounded Rafah without advancing, Palestinian residents and...

Xi pledges to work with Putin

2024-05-17 00:00:00

BEIJING, May 16 (Reuters): Chinese President Xi Jinping pledged to work with counterpart Vladimir Putin to "rejuvenate" their countries as the pair started a day of talks in Beijing, saying China would "always be a good partner" of Russia, according...

Nat'l bridge team bound for Bangkok

FE REPORT | 2024-05-17 00:00:00

A nine-member Bangladesh national bridge team is set to take part in the 9th Asia Pacific Bridge Federation (APBF) Open Congress 2024 to be held in Bangkok, Thailand on May 18-27.Director of the Department of Narcotics Control Mohammad Monirul Islam...

Mbappé farewells French league when PSG visits Metz in final round

2024-05-17 00:00:00

PARIS, May 16 (AP): Nine years after his debut, Kylian Mbappé bids farewell to the French league when Paris Saint-Germain visits struggling Metz on Sunday.He has a last chance to add to his club-record tally of 256 goals, including 191...

Premier League clubs to vote on scrapping VAR

2024-05-17 00:00:00

LONDON, May 16 (AFP): Premier League clubs will be given the chance to scrap VAR from next season when they vote on the controversial review system at their annual general meeting next month.Wolves have submitted a resolution to abolish VAR...

Indian record-breaker Chhetri to retire from int’l football

2024-05-17 00:00:00

NEW DELHI, May 16 (Reuters): India captain Sunil Chhetri, the country's all-time leading scorer, will retire from international football after the World Cup qualifier against Kuwait next month, the 39-year-old said on Thursday.Chhetri has been the face of Indian soccer...

New York venue ready to host BD-India warm-up tie on June 1

2024-05-17 00:00:00

Eisenhower Park in New York, the first modular stadium in international cricket, is ready for the T20 World Cup. The 34,000-seater venue, about 25 miles east of New York City, was formally launched on Wednesday by Usain Bolt, the world's...

Chandpur rly staff quarters in a shambles

OUR CORRESPONDENT | 2024-05-17 00:00:00

CHANDPUR, May 16: Chandpur railway staff quarters have been plagued with various problems for decades, causing immense sufferings for the residents.The residents have alleged they face many problems, including the dilapidated condition of buildings, in the British-era railway quarters.They, however,...

Mango harvesting begins in Rajshahi amid festivity

OUR CORRESPONDENT | 2024-05-17 00:00:00

RAJSHAHI, May 16: Harvesting, storage and marketing of mangoes started in Rajshahi on Wednesday following the 'Mango Calendar' introduced by the Deputy Commissioner's Office. Amid a festive ambiance, farmers and traders started plucking mangoes in Rajshahi city and surrounding areas...

Safeguarding skin during scorching summer

2024-05-17 00:00:00

The people of Bangladesh have already survived one massive heat wave this summer, but met office forecasts that another heat wave is starting from May 16. While awareness about coping with the heat has increased following April's record-breaking 23-day heat...

Hills being flattened in Sylhet

2024-05-17 00:00:00

Maintaining solidity of hills is crucial for preserving environmental balance and biodiversity. Protecting these natural formations is also vital for development of a country's natural heritage and tourism industry. However, in Bangladesh, hills are indiscriminately destroyed.Hills are being cut down,...