FE Today Logo

Search results for:


Investors keen on GP in depressed market after 72pc profit growth disclosure

FE REPORT | 2024-04-26 00:00:00

Grameenphone (GP) rose more than 1 per cent to Tk 235 per share on the Dhaka bourse on Thursday after it reported a 72 per cent year-on-year profit growth for the first quarter this year.The leading telecom operator secured a...

Why IFIC Bank shelves plan to leave Nepal

FARHAN FARDAUS | 2024-04-26 00:00:00

IFIC Bank backtracked on its two-year plan to sell its stake in Nabil Bank of Nepal as policy changes in the South Asian country diminished the possibility of gaining the expected profit from the deal. Instead, it considers keeping its...

DSEX keeps sliding on adverse reaction to policy intervention

FE REPORT | 2024-04-26 00:00:00

The Dhaka bourse on Thursday failed to break out of losing streak despite the regulatory move limiting stocks' daily allowable correction to 3 per cent from 10 per cent. In a market review, EBL Securities said the depressed market observed...

KSA braced for heavy rainfall from today

2024-04-26 00:00:00

RIYADH: Saudi Arabia is set to receive more rainfall toward the weekend, with Riyadh and its outskirts likely to witness heavy rains from Friday to next Tuesday, according to a report published on www.arabnews.com.In addition, the National Center for Meteorology...

Rejoinder (2024-04-26)

2024-04-26 00:00:00

The management of Abdul Monem Sugar Refinery, in a rejoinder issued on Thursday, termed inappropriate the news item headlined 'Abdul Monem Group's bank accounts frozen' published in the Thursday issue of The Financial Express."The comment on misuse of the bond...

14 BD products awarded GI certification

2024-04-26 00:00:00

The government has awarded Geographical Indication (GI) certificates to 14 renowned Bangladeshi products, including Tangail sarees, reports bdnews24.com.About 500 products have been indentified eligible for GI Certification.Industries Minister Nurul Majid Mahmud Humayun presented the certificates to the respective organisations at...

Heatwave causes Tk 2b poultry losses in 10 days

FE REPORT | 2024-04-26 00:00:00

Around 100,000 chickens are dying each day due to heatstroke during the ongoing heatwave, according to poultry farmers, causing firms to incur Tk 200 million loss per day.These losses translate to Tk 2 billion worth of birds being lost in...

Nuclear, coal plants may limit gas-fired power gen in Bangladesh: Report

SAJIBUR RAHMAN | 2024-04-26 00:00:00

Bangladesh's new nuclear facilities, coal-fired plants and renewable energy may limit full-capacity utilisation of gas-fired power plants in the near term, according to a latest report.The latest Global LNG Outlook 2024-2028 from the Institute for Energy Economics and Financial Analysis...

ERF demands unrestricted access to BB

FE REPORT | 2024-04-26 00:00:00

A delegation from the economic reporters' apex body - ERF - has demanded hassle-free and unrestricted entry into the Bangladesh Bank (BB) headquarters.The Economic Reporters' Forum placed the demand during a meeting with the BB governor on Thursday regarding the...

Heat alert issued for 4th time in April

FE DESK | 2024-04-26 00:00:00

The Bangladesh Meteorological Department issued a new heatwave warning on Thursday, forecasting searing temperatures to continue across the country for the next 72 hours. This marked the fourth heat alert issued this month amid intense heat for more than a...

Prayer Timings (2024-04-26)

2024-04-26 00:00:00

Internet disruption until late May as repair to take time

FE REPORT | 2024-04-26 00:00:00

Local internet users are likely to face disruption until at least the end of May, as fixing a damaged undersea cable is taking longer than expected due to new administrative complications in Indonesia, according to the authorities.The cable damage is...

IMF suggests plugging safety-net leakages

FE REPORT | 2024-04-26 00:00:00

An International Monetary Fund (IMF) appraisal team suggests prompt measures for plugging fund leakages under social-safety net, enacting the pending banking-sector laws and lessening loads of non-performing loans (NPLs) within the set timeline.The team, which continues reviewing the progress Bangladesh...

PM urges world leaders to say 'no' to wars

2024-04-26 00:00:00

BANGKOK, April 25, 2024 (BSS): Prime Minister Sheikh Hasina today called upon world leaders to stand against all forms of aggression and atrocities, and say "no" to wars, as the precondition for sustainable development is lasting peace and security."We must...

Banks see slow rebound from liquidity shortages

JUBAIR HASAN | 2024-04-26 00:00:00

Cash-strapped banks seem to be slowly bouncing back from liquidity crunch on cash feeding by the central bank that has handed out a record amount to the bankers.The improvement is basically reflected in two key liquidity-measuring indicators -- the volume...

Techniques of idea generation

2024-04-26 00:00:00

Ideation is a crucial process for generating ideas in the classroom. Idea generation techniques are essential for problem-solving and eliciting opinions. Fostering a democratic classroom environment relies heavily on effective idea generation. Through these techniques, teachers can understand students' opinions,...

Bangla QR can play key role in cashless transaction

2024-04-26 00:00:00

The movement towards a cashless society is gaining momentum in Bangladesh, fuelled by the convenience-seeking habits of today's generation. Bangla QR emerges as an essential player in this transformation. By bringing together multiple banks and mobile financial services to facilitate...

Curbs bring more harm than good to capital market

Shiabur Rahman | 2024-04-26 00:00:00

The dispiriting results of the imposition of the floor price on stocks apparently have failed to dissuade the 'overenthusiastic' capital market regulators from opting for unmerited curbs. Before fully withdrawing the floor price, which was imposed around two years ago...

Weather extremes of contrasting nature bode ill for the planet

Nilratan Halder | 2024-04-26 00:00:00

At a time when Bangladesh and India are gasping for breath under the searing sun, some desert nations in the Middle East are encountering deluge caused by heavy rains accompanied with thunder and sandstorms. The highest temperature recorded so far...

IP for women entrepreneurs' access to finance

2024-04-26 00:00:00

While Intellectual Property (IP) is an asset for any business, leveraging it to access finance is strategically important for growth and development. This is more so in respect of women entrepreneurs in a country like Bangladesh where IP can be...

The economic toll of excessive heatwaves

Matiur Rahman | 2024-04-26 00:00:00

Excessive heatwaves in Bangladesh have emerged as a significant threat to the country's economy, impacting various sectors and exacerbating socio-economic vulnerabilities. As temperatures rise and heatwaves become more frequent and severe, the economic repercussions are profound, affecting agriculture, industry, health,...

Khulna hospitals struggling to tackle rush of patients

2024-04-26 00:00:00

KHULNA, Apr 25 (UNB): Hospitals across Khulna are struggling to accommodate an influx of patients as a severe heatwave continues to affect the region. Key healthcare facilities, including Khulna Medical College Hospital, Khulna Sadar Hospital, Khulna Children's Hospital, and Khulna...

Hot spell, pest attack dent prospects for mango yield

ANAET KARIM | 2024-04-26 00:00:00

RAJSHAHI, Apr 25: Mangoes are falling off from the trees in Rajshahi due to prolonged heatwave, severe drought and pest-attack, dampening prospects for a good yield of the summer fruit in the region. Mango farmers in the region are anticipating...

News in Brief(2024-04-26)

2024-04-26 00:00:00

China evacuates entire town as recordrains, winds lash its southJIANGWAN, Apr 25: Relentless rains, hail and winds of near hurricane intensity battered southern China, forcing the evacuation of an entire town of more than 1,700 people in the province of...

Landslides, floods leave 155 dead in Tanzania

2024-04-26 00:00:00

DAR ES SALAAM, Apr 25 (AFP): At least 155 people have died in Tanzania as torrential rains linked to El Nino caused flooding and landslides, Prime Minister Kassim Majaliwa said Thursday.He told parliament that about 200,000 people had been affected...

Hundreds more arrested across US in Gaza campus protests

2024-04-26 00:00:00

CALIFORNIA, Apr 25 (BBC): Police have arrested hundreds more protesters in locations across the US, as protests against the war in Gaza intensify across university campuses.Some 108 arrests were made at Emerson College, Boston police told the BBC's US partner...

Russia vetoes UN resolution

2024-04-26 00:00:00

UNITED NATIONS, Apr 25 (AP): Russia on Wednesday vetoed a U.N. resolution sponsored by the United States and Japan calling on all nations to prevent a dangerous nuclear arms race in outer space, calling it "a dirty spectacle" that cherry...

Grand jury indicts 18 in Arizona fake elector scheme

2024-04-26 00:00:00

NEW YORK, Apr 25 (Reuters): A grand jury has charged 18 people with allegedly taking part in an Arizona fake elector scheme to re-elect then-US President Donald Trump in 2020, the state's attorney general said on Wednesday.The court papers list...

Hamas would lay down its weapons

2024-04-26 00:00:00

ISTANBUL, Apr 25 (AP): A top Hamas political official told The Associated Press the Islamic militant group is willing to agree to a truce of five years or more with Israel and that it would lay down its weapons and...

Action if relatives of ministers, MPs don't quit race

2024-04-25 12:00:00

Awami League (AL) General Secretary Obaidul Quader on Wednesday said necessary actions will be taken if the relatives of ruling party lawmakers and ministers participate in the upazila polls, ignoring the party decision, reports BSS."Ministers and MPs will face the...