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Sonali Bank signs agreement with Bangladesh Tourism Board

2024-09-16 00:00:00

Sonali Bank PLC signed an agreement with Bangladesh Tourism Board to collect charges and fees from tour operators through Sonali Payment Gateway (SPG). The signing ceremony was held at bank's head office conference room on 15 Septemebr, Sunday. Sonali Bank...

PREMIER BANK, LORDS SCHOOL SIGN DEAL

2024-09-16 00:00:00

The Premier Bank and LORDS school recently signed an agreement at the bank's head office at Iqbal center. Under the agreement, the English medium school in Dhaka is offering special discounts on monthly tuition fees and other financial benefits for...

BRAC Bank Reading Café explores 'Keu Keu Kotha Rakhey'

2024-09-16 00:00:00

BRAC Bank Reading Café recently hosted a stimulating discussion on acclaimed Bangladeshi mystery writer Mohammad Nazimuddin's novel 'Keu Keu Kotha Rakhey'. The author's presence enriched the session as members critically and analytically explored the novel's intricate layers. His insights, which...

BB receives ‘Global Youth Financial Inclusion Award-2024’

2024-09-16 00:00:00

Bangladesh Bank (BB) has received the 'Global Youth Financial Inclusion Award-2024 for playing a role in increasing the financial inclusion of the youth, reports UNB.The award was given to the central bank at a meeting of the Alliance for Financial...

Regulator orders probe into Khan Brothers' recent surge on DSE

FE REPORT | 2024-09-16 00:00:00

The securities regulator has asked the Dhaka bourse to probe into the recent unusual price movement of loss-making company Khan Brothers PP Woven Bag Industries.The share price of the company that experienced losses for the last four consecutive years jumped...

Most mutual fund investors get zero yield for FY24 for bear run of stocks

BABUL BARMAN | 2024-09-16 00:00:00

Mutual fund investors are in a tight corner as almost all close-ended mutual funds failed to declare any dividend for the unit holders for FY24 thanks to the depressed stock market.Fund managers blamed a number of adverse factors for their...

Oman's Islamic banking assets surge 18pc

2024-09-16 00:00:00

RIYADH, Sept 15 (Arab News): The combined assets of Oman's Islamic banks and windows reached around 7.8 billion Omani rials ($20.2 billion) by June, an 18.1 per cent increase from the same period in 2023.According to data from the central...

Adani wins joint bid for power supply deal for Maharashtra

2024-09-16 00:00:00

NEW DELHI, Sept 15 (Reuters): Adani Power and Adani Green Energy have won a combined bid to supply 6,600 MW of renewable and thermal power to Maharashtra state for 25 years, the companies said in a joint statement.Adani Green Energy's...

S Lanka economy slows ahead of presidential polls

2024-09-16 00:00:00

COLOMBO, Sept 15 (AFP): Sri Lanka's economic growth slowed, government data showed Sunday, days ahead of the first presidential elections since an unprecedented financial meltdown in 2022.The economy grew at 4.7 per cent year-on-year in the second quarter of this...

Saudi Arabia’s inflation rate hits 1.6pc in August

2024-09-16 00:00:00

RIYADH, Sept 15 (Arab News): Saudi Arabia's annual inflation rate reached 1.6 per cent in August compared to the same month last year, driven by higher housing costs, official data showed. According to the General Authority for Statistics, actual housing...

Pennsylvania's fracking industry plans to continue, whoever wins White House

2024-09-16 00:00:00

CANONSBURG (United States), Sept 15 (AFP): Pennsylvanians working in the controversial fracking industry are confident that the sector will endure, whoever wins the White House in November's presidential election.With an eye firmly on winning over voters in the gas-rich battleground...

China opposes US tariff hikes, vows steps to defend its firms’ interests

2024-09-16 00:00:00

BEIJING, Sept 15 (Reuters/AP): Beijing firmly opposes US tariff hikes on Chinese imports, China's commerce ministry said in a statement on Saturday, urging the US to immediately correct its "wrongdoings" and lift all tariffs imposed on Chinese goods."China will take...

Asian spot LNG prices down on muted demand

2024-09-16 00:00:00

LONDON, Sep 15 (Reuters): Asian spot liquefied natural gas (LNG) prices fell last week amid limited demand for November deliveries and as supply concerns related to Hurricane Francine's impact on US LNG facilities eased.The average LNG price for October delivery...

India removes floor price for basmati rice exports

2024-09-16 00:00:00

NEW DELHI, Sept 15 (Reuters): India removed a floor price for basmati rice exports on Friday, according to a government order, to help farmers boost overseas sales of the premium grade just weeks ahead of the arrival of the new-season...

AB Bank donates Tk 20m for flood victims

2024-09-16 00:00:00

AB Bank, under its CSR programme, has contributed Tk 20 million to the Chief Advisor's Relief and Welfare Fund to support the people suffering from devastating flood in the various parts of the country. The founder Chairman of the Bank,...

SBAC Bank Hosts Town Hall Meeting

2024-09-16 00:00:00

SBAC Bank PLC held a Town Hall Meeting of Dhaka Zone at the bank's Head Office on Saturday. Md Nurul Azim, Additional Managing Director of SBAC Bank PLC, presided over the meeting while Habibur Rahman, Managing Director & CEO of...

US firms in China see record-low profits amid geopolitical tensions

2024-09-16 00:00:00

HONG KONG, Sep 15 (AP): American companies in China are seeing record-low profits, with business confidence at an all-time low amid US-China tensions and a slowing Chinese economy, according to a report of a US business group.Out of 306 companies...

MetLife settles Tk 14.25b claims in H1

2024-09-16 00:00:00

MetLife Bangladesh has settled Tk 14.25 billion in claims in the first six months of this year. This amount includes the money customers received as insurance benefits and claims for loss of life and medical needs, says a statement.Customers of...

Bangladesh should 'focus on collaboration with Malaysia'

FE REPORT | 2024-09-16 00:00:00

Bangladesh can make various trade-offs and complementarities with Malaysia due to their differing types of economies, Ambassador M. Riaz Hamidullah, Additional Foreign Secretary of Bangladesh, said at a lecture on Sunday.He said that Bangladesh should focus on collaboration with countries...

Virus-hit Ronaldo to miss Asian Champions League opener

2024-09-16 00:00:00

TOKYO, Sept 15 (AFP): Cristiano Ronaldo was diagnosed on Sunday with a viral infection and will miss Al Nassr's Asian Champions League opener this week at Iraq's Al Shorta.The Portuguese veteran is targeting Asia's top club crown to add to...

Brook to captain England for Australia ODIs

2024-09-16 00:00:00

LONDON, Sept 15 (AFP): Harry Brook is set to captain England for the first time in the upcoming one-day international (ODI) series against Australia after Jos Buttler's persistent calf injury ruled him out, team management announced Sunday.Buttler has not played...

Messi scores two in four minutes on injury return

2024-09-16 00:00:00

MIAMI, Sept 15 (AFP): Lionel Messi dazzled in his return from injury Saturday, scoring two goals in the space of four minutes and adding an assist in Inter Miami's 3-1 Major League Soccer victory over the Philadelphia Union.The eight-time Ballon...

Salahuddin to step down from BFF presidency

2024-09-16 00:00:00

The longest serving president of Bangladesh Football Federation (BFF) Kazi Mohammad Salahuddin finally decided not to contest in the upcoming BFF election slated for October 26, reports UNB.Former celebrated footballer Kazi Salahuddin, who acted as BFF president for an uninterrupted...

Winner athletes of BKSP posing with trainers

2024-09-16 00:00:00

Winner athletes of BKSP posing with trainers who have secured three bronze medals, becoming the second runner-up at the 4th South Asian Junior Athletics Championship-2024, held in Chennai, India recently

Champions League starts bigger new era tomorrow

2024-09-16 00:00:00

GENEVA, Sept 15 (AP): The new Champions League format kicks off Tuesday after more than six years of planning, one failed proposal and one Super League launch fiasco.In the end, storied clubs who pushed for change from UEFA and created...

There is extra confidence in our team, says Tigers' skipper Shanto

2024-09-16 00:00:00

Bangladesh captain Najmul Hossain Shanto acknowledged on Sunday that their upcoming tour of India will be a tough challenge. However, he expressed confidence that, following their historic series win against Pakistan, they believe they can perform well against the formidable...

Chicago wheat futures hit 12-week peak

2024-09-16 00:00:00

CHICAGO, Sept 15 (Reuters): Chicago Board of Trade wheat futures reached a 12-week high on Friday, the last trading day of the week, as escalating tensions in Russia's war with Ukraine increased uncertainty about Black Sea exports.Traders focused on the...

Indonesia to cut subsidised fuel sales to limit pollution

2024-09-16 00:00:00

JAKARTA, Sept 15 (Reuters): Indonesia plans to upgrade the quality of subsidised and polluting fuels, while also selling them to fewer vehicles, in a bid to improve the air quality in the capital Jakarta and other big cities, a senior...

Leading olive oil producer Spain turns to olive stones for fuel

2024-09-16 00:00:00

MADRID, Sept 15 (Reuters): Farmer David Jimenez Zamora barely flinched when gas and electricity prices in Spain soared with the energy crisis.He kept heating the covered pool in the 18th century farmhouse he rents to tourists and the hot water...

Boeing strike could drag on as workers push for higher wages: Union leader

2024-09-16 00:00:00

SEATTLE, Sept 15 (Reuters): A strike at Boeing "could go on for a while" as workers are confident they can get bigger wage increases and an improved pension, union leader Jon Holden said in an interview with National Public Radio...