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Nurturing youth entrepreneurship -

2024-09-27 12:00:00

Youth entrepreneurship plays a crucial role in addressing Bangladesh's rising unemployment. With a significant proportion of the population under the age of 30, the country has immense potential to harness the creativity and passion of its youth to drive economic...

Stop common room culture-

2024-09-27 12:00:00

The common room culture in public universities is a damaging practice that negatively affects the university environment. It disrupts the healthy and enriching atmosphere of student halls, turning them into overcrowded, unsanitary spaces that resemble slums. With eight to ten...

Tourism for peace: prospect in Bangladesh

Md Anowar Hossain Bhuiyan | 2024-09-27 12:00:00

Another thrust comes round for promoting Bangladesh's dormant tourism opportunities, attuned to a global campaign trail, for both economic and social gains. September 27 is World Tourism Day (WTD). This day is observed in the member- countries of the United...

Most major Gulf markets gain on China stimulus-led optimism

2024-09-27 00:00:00

Most major stock markets in the Gulf climbed in early trade on Thursday, in line with Asian shares, supported by news of aggressive economic stimulus from China, although geopolitical tensions in the region limited the upside, reports Reuters.China's central bank...

Wall Street strikes back against New York's sovereign debt bill

2024-09-27 00:00:00

LONDON/NEW YORK, Sept 26 (Reuters): Investors in emerging market sovereign bonds, alarmed by efforts to limit their debt restructuring options, are adding clauses to bond deals that would allow them to switch jurisdictions to avoid such curbs.Two recent debt agreements,...

Power thirst complicates ESG investors' love affair with tech stocks

2024-09-27 00:00:00

NEW YORK, Sept 26 (Reuters): Investors who manage hundreds of billions of dollars are pressing Microsoft, Alphabet and others for more information on the power needed for artificial intelligence and advanced computing, to help decide whether the sector should stay...

China economy hopes boost global equities _

2024-09-27 00:00:00

LONDON, Sept 26 (AFP): Chinese stocks surged and major European indices mostly rallied Thursday as China signalled further stimulus measures aimed at lifting the world's second-biggest economy out of the doldrums.Hong Kong closed up 4.2 percent and Shanghai finished with...

India sees food inflation easing

2024-09-27 00:00:00

NEW DELHI, Sept 26 (Reuters): India expects food inflation to ease in the absence of climatic shocks, and low oil prices will be a "bright spot for the economy", the government's monthly economic report said on Thursday.India's central bank said...

CarMax misses quarterly profit estimates

2024-09-27 00:00:00

NEW YORK, Sept 26 (Reuters): Used car retailer CarMax missed Wall Street estimates for second-quarter profit on Thursday as price cuts on used vehicles boosted unit sales but kept margins depressed.Shares of the company were down 7.6 per cent in...

Chinese banks in need of capital injection to give thrust to economic stimulus steps

2024-09-27 00:00:00

HONG KONG, Sept 26 (Reuters): As China steps up efforts to stabilise its economy with fresh stimulus, the country's top banks would need to be capitalised at the earliest to help them boost lending to revive faltering growth and manage...

New customs agreement to boost UAE, US economic ties

2024-09-27 00:00:00

RIYADH, Sept 26 (Arab News): The economic partnership between the UAE and the US is poised for significant expansion with the introduction of a new customs cooperation agreement. This initiative aims to reduce customs violations, combat illicit trade, and enhance...

OpenAI to remove non-profit control and give Sam Altman equity

2024-09-27 00:00:00

SAN FRANCISCO, Sept 26 (Reuters): ChatGPT-maker OpenAI is working on a plan to restructure its core business into a for-profit benefit corporation that will no longer be controlled by its non-profit board, people familiar with the matter told Reuters, in...

AGRANI BANK HOLDS WORKSHOP ON ISLAMIC BANKING OPERATION

2024-09-27 00:00:00

The certificate award ceremony a five-day training on Islamic Banking Operation organised by Agrani Bank Training Institute (ABTI) was held in Dhaka on Thursday. Agrani Bank PLC Deputy Managing Director Md Abul Bashar distributed certificates among 48 participants. ABTI Director...

ICSB delegation meets with NBR Chairman

2024-09-27 00:00:00

The delegation of the Institute of Chartered Secretaries of Bangladesh (ICSB) led by its president Mohammad Asad Ullah called on Md Abdur Rahman Khan, Secretary, Internal Resources Division (IRD) and Chairman of National Board of Revenue (NBR) at his office...

Planning and Education Adviser Dr Wahiduddin Mahmud chaired the meeting

2024-09-27 00:00:00

Planning and Education Adviser Dr Wahiduddin Mahmud chaired the meeting of the taskforce titled "Re-strategising the economy and mobilising resources for equitable and sustainable development" at the Nazia-Salma Conference Room at the Planning Commission in Dhaka on Thursday. — PID

BD exports 18 tonnes of hilsa to India

2024-09-27 00:00:00

Bangladesh has sent 18 tonnes of hilsa to India as part of a special consideration to give West Bengal residents a taste of the popular fish ahead of Durga Puja, reports bdnews24.com.The first shipment crossed the border into India on...

UCB TO PROVIDE PAYROLL BANKING SOLUTIONS TO PARAMOUNT GROUP

2024-09-27 00:00:00

United Commercial Bank (UCB) PLC, a leading private bank, has recently signed a Memorandum of Understanding (MoU) with Paramount Group as part of its continuous commitment to product innovation. Syed Faridul Islam, Managing Director & CEO (Acting) of UCB, and...

Rahima Food under BSCE scanners

FE REPORT | 2024-09-27 00:00:00

The Bangladesh Securities and Exchange Commission (BSEC) formed a committee on Thursday to investigate the accuracy and relevance of the shares issued and paid-up capital of Rahima Food Corporation.The three-member committee led by BSEC deputy director Ziaur Rahman has been...

MTB awarded 'Best Performance in Risk Management' title

2024-09-27 00:00:00

Mutual Trust Bank PLC (MTB) has been awarded the prestigious "Best Performance in Risk Management" title by the Indian Chamber of Commerce (ICC), recognising the bank's exceptional commitment to safeguarding stakeholders' interests and its excellence in risk management practices, says...

BATBC to invest Tk 115.6m in rooftop solar panel

FE REPORT | 2024-09-27 00:00:00

British American Tobacco Bangladesh Company (BATBC) is set to invest Tk 115.6 million in rooftop solar panels and related infrastructure at its Savar factory.In a stock exchange filing on Thursday, the multinational cigarette manufacturer said its board has approved the...

Unique Hotel's profit drops 20pc in FY24

FE REPORT | 2024-09-27 00:00:00

Unique Hotel & Resorts, the owning company of The Westin Dhaka, has reported a 20 per cent drop in profit for FY24, as there was no extraordinary income from share sales apart from business operation.The luxury hotel turned in Tk...

Stocks see biggest single-day fall in over a month after downgrade of 28 cos

FE REPORT | 2024-09-27 00:00:00

Stocks logged the biggest single-day fall in over a month on Thursday, a day after the stock exchange downgraded 27 firms to 'Z' category for non-compliance with the securities laws.Such a decision triggered panic selling, causing the benchmark index to...

India grants duty concessions for corn, vegetable oil imports

2024-09-27 00:00:00

MUMBAI, June 26 (Reuters): India on Wednesday allowed limited imports of corn, crude sunflower oil, refined rapeseed oil, and milk powder under the tariff-rate quota (TRQ), where importers pay nil or lower duty, as New Delhi tries to bring down...

Vietnam coffee prices down ahead of new harvest

2024-09-27 00:00:00

HANOI/BANDAR LAMPUNG, Indonesia, Sept 26 (Reuters): Coffee markets in major robusta producers in Asia stayed lacklustre, with local prices falling this week ahead of the new harvest in Vietnam, while buyers had already stocked up in Indonesia, traders said on...

Palm hits five-month high on India demand, supply worries

2024-09-27 00:00:00

KUALA LUMPUR, Sept 26 (Reuters): Malaysian palm oil futures hit a five-month high, surging more than 2 per cent on Thursday's close, driven by high demand from India and worries about production supply in major palm-producing countries.The benchmark palm oil...

Gold near record high

2024-09-27 00:00:00

Gold prices rebounded and looked set to scale a fresh peak on Thursday, on mounting expectations for another US interest rate cut this year, while investors awaited Federal Reserve Chair Jerome Powell's address later for more policy cues, reports Reuters.Spot...

Oil prices slide on prospect of Saudi Arabia raising output

2024-09-27 00:00:00

LONDON, Sept 26 (Reuters): Oil prices slipped on Thursday, reversing earlier gains, on a media report that Saudi Arabia, the world's top crude exporter, will give up its price target in preparation for raising output.Brent crude futures were down $1.62,...

Case filed against Quader Mirza

2024-09-27 00:00:00

NOAKHALI, Sept 26 (BSS): A case was filed on Thursday against former Mayor of Basurhat municipality Quader Mirza and 111 others allegedly for killing four Jamaat-Shibir men in the district in 2013.One Md Amirul Islam filed the case with the...

Shibir does not cut tendons, says its DU spokesman

DU CORRESPONDENT | 2024-09-27 00:00:00

Bangladesh Islami Chhatra Shibir Dhaka University (DU) unit General Secretary SM Farhad on Thursday said there is no documented evidence on the allegations of cutting tendons against the organisation.Mentioning that Shibir will announce its full fledged committee very soon, Farhad...

Attempt to murder case against BCL chief, 65 others

2024-09-27 00:00:00

An attempt to murder case was registered with a Dhaka court on Thursday against 66 persons, including Bangladesh Chhatra League (BCL) President Saddam Hossain, over an attack on the Jatiyatabadi Chhatra Dal (JCD) leaders in 2022, reports BSS.JCD joint general...