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EC introduces online nomination submission system in upazila polls

2024-04-06 00:00:00

The Election Commission (EC) has introduced an online nomination submission system which has been made compulsory for the sixth upazila parishad election, reports UNB. Candidates who want to participate in the election can submit complete nomination papers online and complete...

It doesn't seem Bangladesh is an independent country

FE REPORT | 2024-04-06 00:00:00

Bangladesh Nationalist Party (BNP) Secretary General Mirza Fakhrul Islam Alamgir said that it didn't seem that Bangladesh was an independent country rather it seemed that an expansionist government was weighing on the country.He came up with the comments at an...

Govt takes strict stance on armed violence in CHT

2024-04-06 00:00:00

The government is taking a strict stance on armed violence in the Chattogram Hill Tracts (CHT), said Awami League General Secretary and Road Transport and Bridges Minister Obaidul Quader, reports UNB."A joint operation is underway there. The situation will soon...

India 10-yr bond yield posts biggest weekly jump in 4 months

2024-04-06 00:00:00

MUMBAI, Apr 5 (Reuters): Indian government bond yields rose on Friday and for the week, with the benchmark yield posting its biggest weekly jump in four months, tracking a spike in US Treasury yields amid concerns over the Federal Reserve's...

Japanese stocks witness biggest weekly foreign outflow in six months

2024-04-06 00:00:00

Foreign investors pulled more than a trillion yen out of Japanese stocks last week, as some stocks went ex-dividend and expectations of currency market intervention by the Bank of Japan led to profit booking after a recent rally, reports Reuters.They...

Global markets watchdog proposes closer scrutiny of stock exchanges

2024-04-06 00:00:00

LONDON, Apr 5 (Reuters): Global securities watchdog IOSCO on Thursday proposed detailed guidance on how regulators should supervise stock exchanges more closely to negate risks from changes in business practices.IOSCO, which groups financial regulators from the United States, Europe, Asia...

Paramount Ins profit drops 7.5pc on premium income decline

FE REPORT | 2024-04-06 00:00:00

Paramount Insurance saw its net profit drop by 7.5 per cent year on year to Tk 70.35 million in 2023, primarily due to a decline in premium income amidst persistent macroeconomic challenges. In 2022, the company turned a profit of...

Stocks eke out gains after seven-week fall

FE REPORT | 2024-04-06 00:00:00

Stocks managed to enter the positive territory in the outgoing week, snapping a seven-week losing streak, as optimistic investors seized opportunities for bargain hunting in sector-specific issues.The market saw a recovery boosted by the price surge of Beacon Pharma, BAT...

Security tightened for banks in Khagrachhari following robberies: DC

2024-04-06 00:00:00

KHAGRACHHARI, Apr 5 (UNB): In the wake of bank robberies in Bandarban's Ruma and Thanchi upazilas, security measures have been beefed up for public and private banks stationed in hilly Khagrachhari district.Deputy Commissioner Md Sahiduzzaman confirmed this on Friday morning.Managers...

India's central bank holds interest rates as inflation risks linger

2024-04-06 00:00:00

MUMBAI, April 5 (AFP): India's central bank kept interest rates unchanged for the seventh time in a row on Friday, with the world's fifth- largest economy seeing both lingering inflation risks and strong economic growth.The Reserve Bank of India (RBI)...

Malaysia's largest home improvement retailer MR D.I.Y. now in Dhaka

2024-04-06 00:00:00

MR D.I.Y., the leading household retail brand in Southeast Asia, has entered Bangladesh as the 12th market, with its newly launched retail store located at Polwel Carnation Shopping Centre in Uttara, reports UNB.Malaysia's largest home improvement retailer has extended its...

Three carbon credit firms eligible for new 'integrity' label

2024-04-06 00:00:00

PARIS, April 5 (AFP): Three of the world's largest carbon credit programs are eligible for a new 'integrity' label that is supposed to ensure that what they sell actually helps avoid or cut planet-warming CO2 emissions, a standards body said...

Top execs of merging bank cannot hold posts at acquiring entity: BB

2024-04-06 00:00:00

Bangladesh Bank issued new guidelines on Thursday, dictating that board members and top executives of banks and financial institutions undergoing a merger will not be eligible to occupy positions within the acquiring entity, reports UNB.These guidelines accommodate both consensual and...

US sanctions hamper Russian efforts to repair refineries

2024-04-06 00:00:00

MOSCOW/LONDON, Apr 5 (Reuters): When engineers at Russian oil firm Lukoil discovered a turbine had broken at their largest refinery on January 4, they quickly realised the problem was far from trivial.There was only one company that knew how to...

Gold set for 3rd weekly rise

2024-04-06 00:00:00

Gold prices were headed for their third straight week of gains on Friday ahead of the much-awaited U.S. non-farm payrolls data, supported by strong safe-haven inflows and prospects for lower U.S. interest rates this year, reports Reuters.Spot gold was up...

Saudi Arabia raises May crude oil OSPs to Asian, Med buyers

2024-04-06 00:00:00

LONDON, April 5 (Reuters): Saudi Arabia has raised the official selling price (OSP) for its flagship Arab Light crude oil for customers in Asia and the Mediterranean in May, an Aramco statement showed on Friday.Saudi Aramco set the OSP for...

The woes of investment

IG Chowdhury | 2024-04-06 00:00:00

The concept of wealth or waste is related to time. What is considered a wealth today can be a waste tomorrow and vice versa. Alaska, once termed as Stewart's folly, is an asset today. Germany's much praised autobahn was completed...

Beggars can be rounded up but hardly rehabilitated

Nilratan Halder | 2024-04-06 00:00:00

The Dhaka North City Corporation (DNCC) could not be more abrasive in its treatment of beggars. According to a report carried in a Bangla contemporary, it has rounded up as many as 167 beggars from Gulshan, Banani, Tajgaon, Natun Bazar...

A fan holding a poster cheers for Chennai Super Kings' MS Dhoni

2024-04-06 00:00:00

A fan holding a poster cheers for Chennai Super Kings' MS Dhoni before the start of the Indian Premier League (IPL) Twenty20 cricket match between Sunrisers Hyderabad and Chennai Super Kings at the Rajiv Gandhi International Stadium in Hyderabad on...

England bowler Jofra ruled out of Tests until ’25

2024-04-06 00:00:00

England pace bowler Jofra Archer will not play Test cricket until 2025 but this summer's T20 World Cup is "absolutely" a realistic goal, says managing director Rob Key, reports BBC.Archer, 29, has not played for England in any format since...

Teenager Meso in S Africa squad for ODIs against SL

2024-04-06 00:00:00

Karabo Meso, the 16-year-old wicketkeeper-batter, has earned her maiden One Day Interbational (ODI) call-up, figuring in the 14 for South Africa's three-match series against Sri Lanka from April 9 in East London, reports espncricinfo.com.Chloe Tryon, who missed the third T20I,...

Cole Palmer blazes Chelsea to last-gasp win over Man Utd

2024-04-06 00:00:00

LONDON, Apr 05 (AFP): Cole Palmer scored twice deep into stoppage time to complete a hat-trick as Chelsea stunned Manchester United 4-3 on Thursday, all but ending their hopes of qualifying for next season's Champions League.Erik ten Hag's men appeared...

Mac Allister's 'wonder goal' fires Liverpool back to the top

2024-04-06 00:00:00

LIVERPOOL, Apr 05 (AFP): Alexis Mac Allister fired Liverpool back to the top of the Premier League as the Argentine's "wonder goal" inspired a tense 3-1 win against lowly Sheffield United on Thursday.Jurgen Klopp's side were growing anxious after Darwin...

Shakil, Neer, Nayeem win 1st round

2024-04-06 00:00:00

IM Abu Sufian Shakil, FM Manon Reja Neer and FM Nayem Haque won their respective games and earned full points in the first round as the 2nd Chess CAD Nakhon Nayok International Open has begun from on Friday at Ingtarn...

Abahani start super six with big win

2024-04-06 00:00:00

Abahani Limited started their super six campaign with a massive win as they thrashed Bangladesh Police Sporting Club by 7-0 goals in the Green Delta Insurance Premier Division Hockey League held at Maulana Bhashani National Hockey Stadium in the city...

Britain's Prime Minister Rishi Sunak takes part in a cricket practice session

2024-04-06 00:00:00

Britain's Prime Minister Rishi Sunak takes part in a cricket practice session whilst meeting participants in the ACE Programme, during a visit to the Oval cricket ground in south London on Friday — FP

Bashundhara Kings thrash Ctg Abahani

2024-04-06 00:00:00

Defending champions Bashundhara Kings earned a convincing 5-0 victory over Chattogram Abahani Ltd in the ABG Bashundhara Bangladesh Premier League (BPL) Football 2023-24' at the Bir Shreshta Fl. Lt Matiur Rahman Stadium in Munshigani on Friday, reports UNB.With the day's...

News in Brief-(2024-04-06)

2024-04-06 00:00:00

Teen hospitalised after savage attack in FranceÉVRY, Apr 05: A 15-year-old teenager has been badly beaten in a town south of Paris and rushed to hospital following a cardiac arrest, in the latest incident of school violence in France. Thursday's...

Iceland's PM resigns, will run for president

2024-04-06 00:00:00

COPENHAGEN, Apr 05 (Reuters): Icelandic Prime Minister Katrin Jakobsdottir announced on Friday that she will resign from her post and run for president, public broadcaster RUV and daily Morgunbladid reported.It was not immediately clear who would succeed Jakobsdottir as prime...

Taiwan rescuers face threat of landslides

2024-04-06 00:00:00

HUALIEN, Taiwan, Apr 05 (Reuters): Rescuers in Taiwan faced the threat of further landslides and rockfalls in Friday's search for a dozen people still missing from this week's earthquake, as the death toll rose to 12 while some of those...