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Preserving local varieties of rice

Imam Hossain | 2023-12-21 00:00:00

There was a time when a dozen or more varieties of rice were cultivated in different parts of Bangladesh that could be found nowhere else in the country. Every community had its own varieties. Passing down from generation to generation,...

The decline of democracy in the West

Syed Badrul Ahsan | 2023-12-21 00:00:00

Democracy is in deep crisis in the West. That is a bit of a surprise for the good reason that it has been the West which, till now, has been seen by many as a model for democratic governance across...

Rooftop solar system for businesses and industries

2023-12-21 00:00:00

The US-based Institute for Energy Economics and Financial Analysis (IEEFA) recommends a strong case of solar power for Bangladesh. According to a report it released on Monday, Bangladesh can reap the benefit of rooftop solar power to the tune of...

OIC countries need to work unitedly for peace in Gaza, says PM

2023-12-20 12:00:00

Prime Minister Sheikh Hasina on Tuesday said the member states of the Organisation of Islamic Cooperation (OIC) should work in unison to establish peace in Gaza, reports UNB.She made the remarks when Ambassador of Qatar to Bangladesh Seraya Ali Mahdi...

RAKUB MEETING WITH STAKEHOLDERS

2023-12-20 00:00:00

Rajshahi Krishi Unnayan Bank (RAKUB) held a view-exchange meeting with the stakeholders at its Local Principal Office in Rajshahi on Tuesday to discuss ways to ensure good governance and address grievances through implementing Right to Information Act and National Integrity...

SCB BOARD OF DIRECTORS’ MEETING HELD

2023-12-20 00:00:00

The 13th meeting of the Board of Directors of Shippers' Council of Bangladesh (SCB) for the term 2022 & 2023 was held on Tuesday at its office at Dhanmondi in Dhaka, with SCB Chairman Md Rezaul Karim in the chair....

Bangladesh-India Shipping Secretary-level talks

2023-12-20 00:00:00

Bangladesh-India Shipping Secretary-level talks were held at a city hotel on Tuesday. — PID

Oil edges lower -

2023-12-20 00:00:00

LONDON, Dec 19 (Reuters): Oil edged lower on Tuesday after the United States announced the creation of a task force to safeguard Red Sea commerce from attacks by Iran-backed Yemeni militants, which have disrupted maritime trade and forced companies to...

Gold prices steady -------

2023-12-20 00:00:00

Gold prices were subdued on Tuesday as a slightly firmer dollar countered support from falling Treasury yields while investors await US economic data that could provide further indications on the outlook for US interest rates, reports Reuters.Spot gold was steady...

Nagad now offers universal pension fee payment facilities

2023-12-20 00:00:00

People can now directly register for 'Universal Pension Scheme' and pay subscriptions using Nagad, the country's popular mobile financial service provider, says a statement.To this end, a memorandum of understanding (MoU) was signed between Nagad Ltd. and National Pension Authority...

Shorter stock settlement time in Europe offers slim savings: industry body

2023-12-20 00:00:00

LONDON, Dec 19 (Reuters): Shortening the time it takes to finalise a share trade in Europe would save industry just 41 million euros ($44.80 million) and take up to two years to phase in, Europe's clearing house industry body said...

Investors dumped cash, bought stocks in December: BofA

2023-12-20 00:00:00

LONDON, Dec 19 (Reuters): Investors turned more bullish in December, buying stocks and reducing cash holdings on expectations the US Federal Reserve has finished hiking rates and the global economy will avoid a big recession, a BofA fund manager survey...

India's IPO momentum seen growing on prospects of political stability

2023-12-20 00:00:00

MUMBAI, Dec 19 (Reuters): Hopes of policy stability in India after victories for Prime Minister Narendra Modi's ruling party in key state polls this month should extend a boom in initial public offerings (IPO) into 2024 as companies rush to...

European stocks rise on rate cut bets, yen falls after BoJ

2023-12-20 00:00:00

London, Dec 19 (Reuters): European stocks rose in early trade on Tuesday and global shares were near their highest since April 2022 as traders bet on rate cuts next year, while the yen fell after the Bank of Japan stuck...

NCC Bank opened 128th branch in Chattogram's Anwara

2023-12-20 00:00:00

NCC Bank opened its 128th branch in Chattogram's Anwara on Tuesday. NCC Bank Chairman Md Abul Bashar, and Director and Chairman of the Executive Committee of the Board S M Abu Mohsin inaugurated the branch. Managing Director and CEO of...

FSIB organised 'Annual Risk Conference 2023'

2023-12-20 00:00:00

First Security Islami Bank (FSIB) organised the 'Annual Risk Conference 2023' with the participation of concerned officials. Md Zabdul Islam, director (DOS), Bangladesh Bank, inaugurated the programme as the chief guest and Syed Waseque Md Ali, managing director of FSIB,...

IFIC Bank, in collaboration with BCS Women Network, organised seminar to prevent cyber harassment

2023-12-20 00:00:00

IFIC Bank, in collaboration with the BCS Women Network, organised a seminar on Monday at IFIC Tower in Dhaka to prevent cyber harassment. The seminar, which included IFIC Bank employees nationwide, featured Shamima Begum, DIG of the Counter Terrorism Intelligence...

Agro Organica's debut trading today

FE REPORT | 2023-12-20 00:00:00

Another SME firm, Agro Organica will make its share trading debut on the SME platform of the Dhaka Stock Exchange and the Chittagong Stock Exchange today (Wednesday).The company, which produces various agricultural products, reported a 14 per cent year-on-year growth...

Sinobangla to begin issuing rights shares on Jan 28

FE REPORT | 2023-12-20 00:00:00

Rights share subscription of Sinobangla Industries is set to begin on January 28 to raise Tk 202 million from shareholders.The subscription period for the manufacturer of plastic packaging products will continue until February 15. January 9 has been fixed as...

Hakkani Pulp & Paper to issue 16m shares for working capital

FE REPORT | 2023-12-20 00:00:00

Hakkani Pulp & Paper Mills will raise Tk 160 million by issuing ordinary shares at Tk 10 each to sponsors and directors to enhance its production quality and fulfill the working capital shortage.At present, it is operating with only two...

Humaira among top influential women in Islamic finance

FE DESK | 2023-12-20 00:00:00

For third successive time, Humaira Azam, managing director & CEO of Trust Bank Limited has been ranked in the 500 most influential women in Islamic Business and Finance and ranked 7th among the CEO's according to "WOMANi Report 2023".In 2021,...

BIA AGM reveals mixed insurance growth in 2022

FE DESK | 2023-12-20 00:00:00

The Bangladesh Insurance Association (BIA) held its 36th annual general meeting (AGM) on Tuesday in Dhaka, revealing a mixed picture for the country's insurance sector in 2022. Despite a strong performance by non-life companies, a slight decline in private life...

DSE looks into clients' account fraud by AVIVA Equity

FE REPORT | 2023-12-20 00:00:00

The Dhaka Stock Exchange (DSE) has formed a two-member team to investigate misappropriation of investors' money and other financial frauds committed by AVIVA Equity Management.The premier bourse in a letter requested the managing director & CEO of the brokerage firm...

News in Brief -2023-12-20)

2023-12-20 00:00:00

Volcano erupts in Iceland after weeks of quakesREYKJAVIK, Dec 19: A volcano erupting close to an Iceland power plant shot geysers of molten lava into the dark winter sky Tuesday after weeks of intense seismic activity southwest of Reykjavik. The...

Tsai offers aid to China after deadly quake

2023-12-20 00:00:00

TAIPEI, Dec 19 (Reuters): Taiwan President Tsai Ing-wen expressed condolences to China on Tuesday and offered her government's help after an earthquake killed more than 100 people on the northern edge of the Qinghai-Tibetan plateau.Tensions between Taipei and Beijing, which...

Ruling party offices raided in Japan

2023-12-20 00:00:00

TOKYO, Dec 19 (AFP): Japanese prosecutors on Tuesday raided offices of the ruling party over a funding scandal that forced Prime Minister Fumio Kishida to replace four ministers last week, local media reported.Public broadcaster NHK aired footage of investigators entering...

141 opposition MPs suspended so far in India

2023-12-20 00:00:00

NEW DELHI, Dec 19 (BBC): India's parliament has witnessed heated protests after 49 more opposition MPs were suspended, taking the total number of barred lawmakers to 141. The MPs were protesting against last week's security breach in parliament.On Monday, the...

Imran uses AI voice clone to campaign from jail

2023-12-20 00:00:00

LAHORE, Dec 19 (BBC): Former Pakistan Prime Minister Imran Khan's party has used an artificial intelligence voice clone of him to campaign from prison. Mr Khan had his three-year sentence for corruption suspended in August, but remains in jail.His Pakistan...

At least 20 Palestinians killed

2023-12-20 00:00:00

GAZA, Dec 19 (Reuters/AP): Israeli missiles and air strikes on the Rafah area in southern Gaza struck three houses killing at least 20 Palestinians, Gaza health officials said on Tuesday.Tens of thousands of displaced Palestinians have crammed into Rafah on...

NASA sends cat video from deep space

2023-12-20 00:00:00

WASHINGTON, Dec 19 (AFP): NASA on Monday announced it had used a state-of-the-art laser communication system on a spaceship 19 million miles (31 million kilometers) away from Earth-to send a high-definition cat video.The 15-second meow-vie featuring an orange tabby named...