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China boosts financing support for smaller innovative tech companies

2024-07-29 00:00:00

BEIJING, July 28 (Reuters): China will enhance support for small and medium-sized technology enterprises through its national financing guarantee fund, the finance ministry said on Friday, in a bid to leverage more funding for the technology and innovation sector.Beijing is...

AGRANI EQUITY AND INVESTMENT LTD HOLDS 14TH AGM

2024-07-29 00:00:00

The 14th Annual General meeting (AGM) of Agrani Equity and Investment Ltd, a subsidiary of Agrani Bank PLC, was held at the head office of the bank recently. Chairman of the Board of Directors of Agrani Equity and CEO of...

China veers off beaten path with consumer stimulus

2024-07-29 00:00:00

BEIJING, July 28 (Reuters): China's use of ultra-long treasury bonds to fund a consumer goods trade-in programme deviates from the usual playbook of boosting investment to support the economy and is fuelling expectations for more stimulus that targets household demand.The...

Bahrain Bourse issues new regulatory framework for market makers

2024-07-29 00:00:00

RIYADH, July 28 (Arab News): The Bahrain Bourse has introduced a new regulatory framework for market making and updated the rules for liquidity providers to advance capital and bolster its funds.The initiative, approved by the Central Bank of Bahrain, aims...

ONE Bank holds 25th Annual General Meeting

2024-07-29 00:00:00

ONE Bank held its 25th annual general meeting on July 25, 2024 at Lakeshore Grand, Gulshan, Dhaka. A.S.M Shahidullah Khan, honorable chairman of the board of directors, presided over the AGM. The Bank declared 3.5 per cent cash and 3.5...

Banks come out of subdued business on market-based interest rate

FE REPORT | 2024-07-29 00:00:00

Despite economic challenges amid high inflation and prevailing dollar crisis, six listed banks achieved good profits in the second quarter (Q2) through June this year, driven by higher interest spread. The lenders reaped the benefit of their wise move investing...

Berger's record profit fails to boost stock price

FE REPORT | 2024-07-29 00:00:00

Berger Paints fell 0.22 per cent to Tk 1,845.6 per share on the Dhaka bourse on Sunday despite its disclosure of record annual profit for the year ended in March this year.The market leader in the local paints industry reported...

Absence of metro service and its impacts

2024-07-29 00:00:00

The Mass Rapid Transit (MRT), also known as the Metro Rail, is a national infrastructural project undertaken by the current government in June 2016 with the primary objective of providing a congestion-free mode of transportation to the citizens. Stretching from...

Suggestions for easing Dhaka's traffic congestion

2024-07-29 00:00:00

To address Dhaka's tailbacks, ranked as the fifth worst in the world in 2023, several suggestions could be considered. With a population of over 22 million and 1.81 million registered vehicles, the city's outdated traffic management and poor road infrastructure...

Fallouts of on-line dislocation

Neil Ray | 2024-07-29 00:00:00

After the shutdown of the internet, it has also returned but in a debilitated form. It is more like a person's recuperation period following a serious illness. With limited capacity, it cannot perform the normal works it is supposed to...

Depositors losing trust in banks

Syed Fattahul Alim | 2024-07-29 00:00:00

Of the many vulnerabilities that the country's banking sector is exposed to, its acute liquidity crisis is one. Tightening of money supply as part of the central bank's contractionary monetary policy, crisis in the forex market, slow pace of loan...

Dengue danger looms again

2024-07-29 00:00:00

Although the incidence of dengue is relatively low this year, its breakout in an epidemic form last year still haunts people. The apprehension of the disease unfolding equally or more viciously in the come breeding season of Aedes is always...

Migration issue in North Africa, politics in Algeria

Muhammad Zamir | 2024-07-29 00:00:00

Walid Ellafi, President of Trans-Mediterranean Migration Forum has recently highlighted an important dimension that has been the focal point of attention pertaining to North Africa. In this context the leadership within this region has been trying to create a comprehensive...

Untapped climate adaptation finance for Bangladesh

Md Abu Nashir Khan | 2024-07-29 00:00:00

On May 27, 2024, Cyclone Remal struck coastal Bangladesh, causing extensive damage and affecting over 4.59 million people. The cyclone damaged approximately 150,000 households across 19 districts and inflicted significant financial damage, including crop damage worth BDT 10,595 million (USD...

G20 pledges to work together to tax ultra-rich

2024-07-28 00:00:00

RIO DE JANEIRO, July 27 (AFP) : G20 nations have agreed to work together to make the super-rich pay their taxes, but stopped short of a more substantial deal, according to a declaration adopted Friday after a meeting of finance...

Can probiotic bacteria save soil and farmers' fortunes?

JASIM UDDIN HAROON | 2024-07-28 00:00:00

Deploying good bacteria to fight bad bacteria! It sounded like a fanciful idea, the sort that might occur only to a scientist. But testing it on a green chilli farm the size of 1.5 football fields was absurd, at least...

Meeting to decide on mobile internet today

2024-07-28 00:00:00

The Ministry of Posts and Telecommunications is set to hold a meeting with the Association of Mobile Telecom Operators of Bangladesh, or AMTOB, over the restoration of mobile internet services at 9:00am today (Sunday), reports bdnews24.com.Responding to a question from...

Two more quota protest coordinators in DB custody

FE Desk | 2024-07-28 00:00:00

Two more Quota Movement coordinators were taken into custody of the Detective Branch of Dhaka Metropolitan Police (DMP) on Saturday.They are Sargis Alam and Hasnat Abdullah.DB's Additional Deputy Commissioner (ADC) Md Junaed Alam Sarkar confirmed it to a local vernacular...

Children pay the price as parents struggle to heal trauma after protests

Doulot Akter Mala | 2024-07-28 00:00:00

Many parents of Gen Z have become traumatised by the prospect of sending their children alone outside after the nationwide anti-quota conflicts, which claimed more than 200 lives and injured thousands.Even amid the relaxed curfew in Dhaka, the guardians have...

PM seeks Japan's cooperation to reopen damaged metrorail stations

2024-07-28 00:00:00

Prime Minister (PM) Sheikh Hasina has sought cooperation from Japan to reopen soon the two damaged metrorail stations at Mirpur-10 and Kazipara in the capital, reports BSS.She sought the assistance when Japanese Ambassador to Bangladesh IWAMA Kiminori paid a courtesy...

Heat stress at work in BD above global average

MONIRA MUNNI | 2024-07-28 00:00:00

The magnitude of excessive heat at work in Bangladesh is greater than the global average, although it has worsened slowly over the past 20 years.The International Labour Organisation (ILO) disclosed this in a new report styled 'Heat at work: Implications...

Briefing 2024-07-28

2024-07-28 00:00:00

Internet blackout: IT cos fear foreign clients may turn their back on them Internet blackout came as a severe blow to the IT companies that fear long-term setbacks on business if foreign clients consider them unreliable and move to other...

Nationwide mayhem was a plot to destroy economy: PM

2024-07-28 00:00:00

Prime Minister Sheikh Hasina said on Saturday the nationwide mayhem was a part of a conspiracy to completely cripple the economy to make Bangladesh again a country of beggars, reports BSS."It might be their conspiracy to make us again a...

Dhaka 6th riskiest city for tourists

FE REPORT | 2024-07-28 00:00:00

Forbes Advisor has identified Dhaka as the sixth most hazardous city for tourists this year.The study has evaluated 60 global destinations based on seven major risk factors: crime, personal safety, health, infrastructure, natural disasters and digital security.Bangladesh has received a...

Producers fear ruination as India moves to export duty-free

REZAUL KARIM | 2024-07-28 00:00:00

Shadows loom over a fledgling industry here as New Delhi seeks duty privilege to export its Masterbatch goods to Bangladesh that suffers huge bilateral trade deficit.Local entrepreneurs aired their concerns and also pointed out that India imposed anti-dumping duty on...

New office timings for next 3 days

FE REPORT | 2024-07-28 00:00:00

The government has announced new timings for both the government and non-government offices for the next three days beginning today (Sunday).According to the new schedule, office activities will continue from 9:00am to 3:00pm until Tuesday.Public Administration Minister Farhad Hossain  provided...

Mild heat wave sweeps some districts--

2024-07-28 00:00:00

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

UPDF man shot dead in Khagrachhari--

2024-07-28 00:00:00

KHAGRACHHARI, July 27 (UNB): An activist of United People's Democratic Front (UPDF) was shot dead by miscreants at Santi Bikash Karbaripara in Dighinala upazila of Khagrachhari district in the early hours of Saturday. The dead is Junel Chakma (31), organiser...

Rokeya University gives financial aid to Abu Sayed's family

2024-07-28 00:00:00

RANGPUR, July 26 (UNB): The administration of Begum Rokeya University, Rangpur (BRUR), has provided financial assistance to the family of Abu Sayed, a student of the university's English department, who lost life first during the students' countrywide quota reform protest.Abu...

Three held over gang rape of 6th-grader in Jashore

2024-07-28 00:00:00

JASHORE, July 27 (UNB): Police arrested three people in connection with an incident of gang rape of a sixth-grader at Monirampur upazila in Jashore district.The arrestees are Pranto Biswas (22), son of Kartik Biswas of Khoshalnagar village of Jhikargacha upazila,...