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Govt's pragmatic steps reduce child, maternal mortality rates, says PM

2024-04-04 00:00:00

Prime Minister Sheikh Hasina said on Wednesday that the government had been able to reduce the child and maternal mortality rates along with poverty rate in the country through various pragmatic steps, reports BSS."We've established community clinics across the country...

Govt seeking reason to annihilate BNP

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

Bangladesh Nationalist Party (BNP) standing committee member Dr Abdul Moyeen Khan said on Wednesday that the Awami League government was seeking a reason to annihilate their party."We (BNP) are on the movement for establishing people's rights," he said while visiting...

AL's tradition is to stand beside people: Quader

2024-04-04 00:00:00

Awami League (AL) General Secretary and Road Transport and Bridges Minister Obaidul Quader on Wednesday said his party's tradition is to stand beside the people in any crisis, reports BSS."Those, who are used to arrange party in luxurious restaurants in...

Traditional pre-election rally eludes Indian stocks

2024-04-04 00:00:00

With weeks to go before India starts voting in a general election that the incumbent government is widely expected to win, Indian equity markets are uncharacteristically languid and not seeing the traditional pre-election rally, according to Reuters.Analysts say this time...

Stock market crashes are rare, equity bubbles even rarer

2024-04-04 00:00:00

ORLANDO, Florida, April 3 (Reuters): If you're sure we're in a mass-market equity bubble, you probably have to rely on instinct as to what happens next as there are precious few historical examples to guide you as to when, where...

JPMorgan Chase launches digital media business

2024-04-04 00:00:00

NEW YORK, Apr 03 (Reuters): JPMorgan Chase on Wednesday launched a new digital media business that would allow advertisers to target the Wall Street bank's 80 million customers based on their spending data.The new platform called Chase Media Solutions will...

Tesla to scout sites in India for $2b-$3b EV plant

2024-04-04 00:00:00

NEW YORK, Apr 03 (Reuters): Tesla will send a team to India this month to scout locations for a proposed $2 billion to $3 billion electric car plant, the Financial Times reported on Wednesday.Tesla's reported push into India comes at...

US private sector hiring picks up again in March

2024-04-04 00:00:00

WASHINGTON, Apr 03 (AFP): US private sector hiring came in well above expectations last month, payroll firm ADP said Wednesday, with construction, financial services and manufacturing all contributing to the increase.Private sector employment rose by 184,000 in March, ADP said...

Janata Bank distributes food items in Noakhali

2024-04-04 00:00:00

Janata Bank PLC distributed food items among the destitute in Lautali area of Beguamganj Upazila in Noakhali recently on the occasion of Eid-ul-Fitr. The bank's Director M Shamsul Alam was present as the chief guest and distributed the food items....

Rising Treasury yields pose a test for richly valued US stocks

2024-04-04 00:00:00

NEW YORK, April 3 (Reuters): Rising Treasury yields could provide the latest test for a rally that has made US stocks increasingly expensive while taking them to fresh record highs.Expectations that the Federal Reserve will cut interest rates this year...

NCC Bank signs research agreement with Dhaka University

2024-04-04 00:00:00

NCC Bank will provide financial assistance of Tk 9.5 million to a jute retting research project undertaken by the Department of Biochemistry & Molecular Biology of Dhaka University as part of its CSR programme in the farming sector. An agreement...

MTB receives bancassurance business commencement approval

2024-04-04 00:00:00

Mutual Trust Bank (MTB) has received bancassurance business commencement approval from Bangladesh Bank. Mohammad Shahriar Siddiqui, director, BRPD, Bangladesh Bank, presented the approval letter to Md Shafquat Hossain, deputy managing director and head of Retail Banking Division of MTB, at...

Southeast Bank distributes special CSR fund-

2024-04-04 00:00:00

Southeast Bank distributed a special CSR fund to help farmers with cultivation and purchasing agri machinery. Nuruddin Md Sadeque Hossain, managing director of Southeast Bank, handed over financial assistance to grassroots farmers at the bank's head office on Monday. The...

PRAN-RFL’s ‘Eid for All’ campaign for underprivileged children

2024-04-04 00:00:00

PRAN-RFL Group, a leading business conglomerate, has launched an 'Eid for All' campaign for underprivileged children on the occasion of Eid-ul-Fitr. The aim of the campaign is to bring joy and happiness to underprivileged children during Eid by providing clothing...

Shabab Ahmed appointed Head of Corporate & Regulatory Affairs at BATB

2024-04-04 00:00:00

Shabab Ahmed Choudhury has been appointed as the Head of Corporate & Regulatory Affairs at BAT Bangladesh (BATB), with effect from April 1, says press release.Shabab has recently completed 15 years with BAT Group, during which he has assumed various...

'Subid Ali Digital Plenary' opens at BGMEA Complex

2024-04-04 00:00:00

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) launched a 'Subid Ali Digital Plenary' at its headquarters in Dhaka, reports BSS.BGMEA president Faruque Hassan inaugurated the Subid Ali Digital Plenary.This digital plenary is named in honour of Subid Ali, the...

Sea Pearl Beach Resort risks being defaulter if regulator rejects ICB condition

MOHAMMAD MUFAZZAL | 2024-04-04 00:00:00

Sea Pearl Beach Resort & Spa is at the risk of being labelled as defaulter if it fails to covert bonds worth Tk 1.2 billion into shares meeting the conditions put forth by the bondholder, state-run Investment Corporation of Bangladesh...

Curious trading makes Yusuf Flour most pricey stock

BABUL BARMAN | 2024-04-04 00:00:00

Yusuf Flour Mills, a little known SME stock, exceeded Tk 5,000 on the Dhaka Stock Exchange's SME platform on Wednesday, becoming the most-expensive share in the stock market. The stock more than doubled to Tk 5,183.5 per share in the...

Saudi Arabia sees 59pc surge in commercial registrations

2024-04-04 00:00:00

RIYADH, Apr 03 (Arab News): Saudi Arabia's trade industry witnessed 104,000 commercial registrations in the first quarter of 2024, marking a 59 per cent year-on-year growth, according to official data. This comes as the Ministry of Commerce issued 65,363 permits...

Turkish inflation inches up in March to 68.5pc

2024-04-04 00:00:00

ISTANBUL, Apr 03 (AFP): Price growth in inflation-plagued Turkey gathered pace in March, rising to 68.5 per cent year-on-year, the country's statistics agency TUIK said Wednesday.The increased reading followed a Sunday municipal election drubbing for President Recep Tayyip Erdogan's party...

Biden, China’s Xi hold phone call on Taiwan, AI, trade

2024-04-04 00:00:00

BEIJING, Apr 03 (AP): In a phone call Tuesday, US President Joe Biden discussed AI, counternarcotics and Russian access to technology with Chinese Premier Xi Jinping, the White House said.President Biden held a phone call with Chinese President Xi Jinping...

ESSENTIAL DRUGS COMPANY TO GET INSURANCE SERVICES FROM METLIFE

2024-04-04 00:00:00

Essential Drugs Company Limited (EDCL), a renowned Bangladeshi pharmaceuticals company, signed a contract with MetLife to provide insurance facilities to their employees in Bangladesh. As part of this contract, around 4,500 employees of EDCL will receive insurance support for Death...

UCB ASSET PRIVILEGE CARD LAUNCHED WITH SPECIAL BENEFITS

2024-04-04 00:00:00

UCB Asset Management Limited, in association with its parent company, United Commercial Bank PLC, has launched a loyalty programme -- UCB Asset Privilege -- the first-ever initiative in the investment management industry for specific high-valued investors. UCB Asset Privilege investors...

Upay offers hassle-free bus ticket booking

2024-04-04 00:00:00

Fast-growing mobile financial service provider upay has recently kicked off a campaign styled as 'Eid Jatra (Eid Journey)' to offer a seamless way of booking advance bus tickets ahead of Eid, says a press release. As it is difficult to...

Lower ‘VAT on jewellery’

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

Local jewellers on Wednesday urged the government to lower the Value Added Tax (VAT) on jewellery items from existing 5.0 per cent to 3.0 per cent in the next budget.They also called for installing Electronic Fiscal Device (EFD) machines at...

BRAC Bank presents books to workshop participants

2024-04-04 00:00:00

BRAC Bank has taken an initiative to empower female leadership by organising a series of focused Group Discussions (FGDs) to enhance the leadership skills of its female co-workers, says a press release.In a pioneering move, the bank's Human Resources division...

Brac Bank to sell Pragati Life Insurance products

2024-04-04 00:00:00

Pragati Life Insurance signed a bancassurance agreement with Brac Bank recently, enabling the bank's customers to conveniently purchase Pragati Life Insurance's diverse range of insurance products, says a press release.The insurance products include health insurance, education insurance and other savings-oriented...

BTTC moots SD exemption on import of raw materials

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

A state agency has suggested exemption of supplementary duty (SD) on the import of raw materials for colour cosmetics and skin care items to help the infant cosmetics industry prosper.It has also recommended determining a specific duty on per kilogram...

Gold hits pause after record run

2024-04-04 00:00:00

Gold took a breather after notching another record high on Wednesday as growing tensions in the Middle East and US interest rate cut hopes continued to push investors to the safe-haven asset, reports Reuters.Spot gold was down 0.3 per cent...

OPEC+ ministers keep output policy steady as oil prices rally

2024-04-04 00:00:00

LONDON/MOSCOW/DUBAI, Apr 3 (Reuters): A meeting of the top OPEC+ ministers kept oil output policy unchanged and pressed some countries to boost compliance with output cuts, a decision that spurred international crude prices to their highest in five months at...