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Likely negotiation takeoff May 19

FE REPORT | 2024-05-13 00:00:00

High-level negotiations may take off within days for signing a multidimensional cooperation deal called Economic Partnership Agreement (EPA) between Bangladesh and Japan principally to boost the bilateral trade.The Dhaka-Tokyo talks are supposed to be held in the capital city, Dhaka,...

Govt net borrowing falls below target in first eight months

FE REPORT | 2024-05-13 00:00:00

The government's total net domestic borrowing -- from the banking system and non-banking sources -- reached Tk 361.76 billion in the July-February period of the current fiscal year (FY2024), according to Bangladesh Bank statistics. This represents around 23 per cent...

Sonali Bank, BDBL sign MoU to proceed with merger plan

FE REPORT | 2024-05-13 00:00:00

State-owned Sonali Bank PLC and Bangladesh Development Bank PLC (BDBL) took a step forward in their merger plans on Sunday by signing a memorandum of understanding (MoU) hoping to become a stronger financial institution. The MoU was signed at the...

83.04pc pass in SSC, equivalent exams

FE REPORT | 2024-05-13 00:00:00

Passes rise and highest-graders a bit fall in this year's Secondary School Certificate (SSC) and equivalent examinations as per results published Sunday with an overall success rate of 83.04 per cent.The pass percentage in 2024 in the exams held under...

A catch-all tax dragnet likely in new budget

DOULOT AKTER MALA | 2024-05-13 00:00:00

Zero-rated import taxing is no more as a catch-all tax dragnet is being set in the upcoming budget to spare none, nor even the special- privilege-enjoying lawmakers, sources say.A provision of nominal taxes is envisaged to replace the complete waiver,...

Patient dies getting stuck in Gazipur hospital lift

2024-05-13 00:00:00

GAZIPUR, May 12 (UNB): A patient of Gazipur Shaheed Tajuddin Ahmed Medical College Hospital has died after getting stuck in a lift for about 45 minutes on Sunday.The deceased was identified as Momtaz Begum, 53, wife of Sharfuddin of Raniganj...

Weather (2024-05-13)

2024-05-13 00:00:00

Rain/thunder showers accompanied by temporary gusty/squally wind is likely to occur at many places over Rangpur, Rajshahi, Dhaka, Mymensingh, Khulna, Barishal & Sylhet divisions in the next 24 hours from 06:00 am today (Monday), according to the Met Office. Day...

BUP Vice Chancellor Major General Md Mahbub-ul Alam poses with the winners

2024-05-13 00:00:00

Bangladesh University of Professionals (BUP) Vice Chancellor Major General Md Mahbub-ul Alam poses with the winners at the concluding ceremony of the three-day 'National Research Workshop' and 'BUP National Research Project Contest 3.0, 2024' on the university's city campus on...

JU professor Dr Monwar Hossain named for Nat'l Environment Award

JU CORRESPONDENT | 2024-05-13 00:00:00

Dr Md Monwar Hossain, a professor of the Department of Zoology at Jahangirnagar University (JU), has been selected for the National Environment Award- 2023. He will be given the honour for his outstanding contributions to environmental research and innovation.He has...

Bangladesh welcomes AI but will take steps to prevent its misuse: PM

2024-05-13 00:00:00

Prime Minister (PM) Sheikh Hasina on Sunday said Bangladesh welcomes Artificial Intelligence (AI), but it would take some protection measures to check its misuse, reports BSS."We welcome AI, but we have to take some protection measures by enacting laws for...

Educational institutions may remain closed on Saturdays after Eid-ul-Azha: Minister

2024-05-13 00:00:00

Schools, colleges, madrasas and technical educational institutions under the Education Ministry are likely to remain closed on Saturdays after Eid-ul-Azha, said Education Minister Mohibul Hassan Chowdhoury on Sunday, reports UNB."As per the decision of the Ministry, classes at schools, colleges,...

679 killed, 934 injured: RSF

FE REPORT | 2024-05-13 00:00:00

Road accidents killed at least 679 people and injured 934 others across the country in April this year, causing a loss of Tk 21.19-billion human resources, the Road Safety Foundation (RSF) said in a report on Sunday.Of the deceased, 93...

BCL factions clash at RU, crude bombs detonated

2024-05-13 00:00:00

Two factions of the Bangladesh Chhatra League (BCL) at Rajshahi University have clashed following a conflict regarding the use of the guestroom at the Hussain Shaheed Suhrawardy Hall, reports bdnews24.com.They fought in the area between the Madar Baksh Hall and...

Talks on with ILO about labour act amendment on 41 points: Anisul

2024-05-13 00:00:00

Law, Justice and Parliamentary Affairs Minister Anisul Huq on Sunday said discussion with International Labour Organisation (ILO) is going on regarding the amendment of Bangladesh's labour act, on 41 points, reports BSS."We are holding discussion with ILO on 41 points...

Govt thinks crisis is over but it deepens: says BNP

FE REPORT | 2024-05-13 00:00:00

Bangladesh Nationalist Party (BNP) secretary general Mirza Fakhrul Islam Alamgir said on Sunday that the government thought that the crisis prevailing in the country was over rather it has deepened.He made the remark at a press briefing at the party...

Donald Lu coming to take bilateral relations ahead

2024-05-13 00:00:00

Awami League General Secretary and Road Transport and Bridges Minister Obaidul Quader on Sunday said US Assistant Secretary of State for South and Central Asian Affairs Donald Lu is coming to Bangladesh to take ahead the relations between Bangladesh and...

Apple's Maryland store workers vote to authorise strike

2024-05-13 00:00:00

NEW YORK, May 12 (Reuters): Workers at Apple's store in Towson, Maryland, have voted in favor of authorising a strike, the International Association of Machinists and Aerospace Workers (AIM) said in a statement late on Saturday.The date for work stoppage...

US consumer sentiment at six-month low

2024-05-13 00:00:00

WASHINGTON, May 12 (Reuters): US consumer sentiment sagged to a six-month low in May as households worried about the higher cost of living and unemployment, but economists cautioned against drawing conclusions on the implications for the economic outlook.The larger-than-expected drop...

S Korea to set up $7b aid package for chip industry

2024-05-13 00:00:00

SEOUL, May 12 (AFP): South Korea will set up an aid package worth more than $7 billion to support its chip industry, the finance ministry said Sunday, as part of its drive to boost its critical semiconductor sector.This initiative follows...

Nagad declares half-day leave for all employees

2024-05-13 00:00:00

Nagad, the country's leading mobile financial service provider, has come up with a special arrangement on the occasion of Mother's Day, declaring a half-day leave to all its employees to spend more time with their mothers on this day, reports...

Meghna Bank celebrates 11th anniversary

2024-05-13 00:00:00

Meghna Bank PLC celebrated its 11th anniversary at the bank's head office in Dhaka on Thursday. Ashequr Rahman, Chairman and Founder of Meghna Bank, inaugurated the programme by cutting a cake. The bank's Vice Chairperson Imrana Zaman Chowdhury, Executive Committee...

RUPALI BANK OPENS GODAGARI SUB-BRANCH

2024-05-13 00:00:00

Rupali Bank PLC opened Godagari Sub-Branch under Kakonhat Branch of the bank at Godagari in Rajshahi on Sunday. Managing Director and CEO of the bank Monammad Jahangir inaugurated the sub-branch virtually. Deputy Managing Directors Parsuma Alam, Hasan Tanvir and Md...

SONALI BANK, BANGLADESH DEVELOPMENT BANK SIGNS MOU ON MERGER

2024-05-13 00:00:00

Bangladesh Development Bank PLC is going to be merged with Sonali Bank PLC. To this end, both the banks signed an MoU on Sunday. Bangladesh Bank Governor Abdur Rouf Talukdar was present as the chief guest at the signing ceremony....

PM invites Italian businesses to invest in economic zones

2024-05-13 00:00:00

Prime Minister Sheikh Hasina on Sunday urged Italian businesses to make investment in Bangladesh's special economic zones for the mutual benefits of the two countries, reports UNB."Businesses and investors can invest in Bangladesh in the special economic zones," she said...

March sees 4.0m more internet subscribers

FE REPORT | 2024-05-13 00:00:00

Both mobile and broadband internet users in Bangladesh witnessed a growth of more than 4.0 million month on month in March, predominantly attributed to the expansion of the country's mobile subscriber network.The rise has brought the cumulative count of internet...

BGMEA moves to build database to combat buyer fraud

MONIRA MUNNI | 2024-05-13 00:00:00

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) moves to build a database of global apparel buyers engaged in fraudulent activities or contractual breaches, causing financial losses for local exporters."A number of our members have been cheated by a small...

Elon Musk clearly sees AI hallucinations

2024-05-13 00:00:00

LOS ANGELES, May 12 (Reuters Breakingviews): Elon Musk's contrarian streak produced a subtle but devastating observation this week. Generative artificial intelligence, he told a crowd of high-powered executives, just isn't useful right now for some businesses he runs. He gave...

Saudi Arabia woos investors with lucrative business environment

2024-05-13 00:00:00

RIYADH, May 12 (Arab News): With an average growth rate of 4 percent over the past seven years and an upward trajectory buoyed by a pro-business environment, Saudi Arabia has demonstrated remarkable resilience amid global economic challenges.Given its strategic location,...

Dhaka bourse up, propelled by pharma stocks

FE REPORT | 2024-05-13 00:00:00

The Dhaka bourse closed the week's first session with a moderate gain in the broad index, overcoming the loss of the previous session.Companies of the pharmaceuticals & chemicals sector propelled the rise of the DSEX to 5696.72 points with a...

Social Islami Bank arranges remittance client get-together

2024-05-13 00:00:00

The Chandpur branch of Social Islami Bank arranged a get-together with its remittance clients on Saturday in a bid to raise awareness of the role remittances play in the socio-economic development of the country. Zafar Alam, the bank's managing director...