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Street children need attention in winter

2023-12-15 00:00:00

Warm and cosy nights are not for everyone in winter. It is a difficult time for the children who spend night on city footpaths. The cold winds during the winter nights pierce their skin, but they have hardly anything to...

Onion ruckus and a hole in statistics

Zahid Huq | 2023-12-15 00:00:00

The slaughter of the consumers centring around prices of onion, the pungent bulb, is over. The noise over onion prices has been rather short-lived, as the price of the item has scaled down to the previous level at almost identical...

Rise of crorepatis and woes of the marginalised

Nilratan Halder | 2023-12-15 00:00:00

The Indian reality or game show 'Kaun Banega Crorepati' hosted by celebrated actor Amitabh Baccchan had its premiere in 2000 giving contestants the opportunity to win Rs 1.0 crore or 10 million in 96 minutes at the latest or even...

A major breakthrough in oil refinery sector

Soumya Bhowmick | 2023-12-15 00:00:00

In a significant policy shift, the government is poised to allow investments in the establishment of refineries and marketing of refined oil products, both for domestic consumption and export. A recent gazette notification has unlocked the previously restricted industry sector...

Onion shortage--a case of market failure

Abdullah A. Dewan | 2023-12-14 12:00:00

Is the current onion shortage a supply-demand imbalance or an episode of market failure? Whatever the reason, exorbitant onion price spirals are an indication of the failure of coordination of the market by the government. Despite multiple measures being taken...

Google, Meta, Qualcomm team up to push for open digital ecosystems

2023-12-14 00:00:00

BRUSSELS, Dec 13 (Reuters): Alphabet's (GOOGL.O) Google, Meta Platforms (META.O), Qualcomm (QCOM.O) and seven other tech companies on Wednesday teamed up to push for open digital ecosystems in response to new EU tech rules in a move that may also...

Tesla to lose $7,500 consumer tax credits

2023-12-14 00:00:00

BEIJING, Dec 13 (Reuters): Tesla's Model 3 Rear-Wheel Drive and Long Range vehicles will lose an up to $7,500 federal tax credit from Dec. 31 based on new guidance under the US Inflation Reduction Act, a message on the U.S...

Sheikh Akhter Uddin Ahmed, addressed as chief guest and distributed certificates

2023-12-14 00:00:00

Sheikh Akhter Uddin Ahmed, SEVP & Head, Human Resources Division of the National Bank Ltd, addressed as the chief guest and distributed certificates on the concluding day of the fifteen-day 'Advance Course on Credit Operation & Risk Management in Banks'...

IBTRA organised a "Professional Awareness Programme for Trainers" virtually

2023-12-14 00:00:00

Islami Bank Training and Research Academy (IBTRA) organised a "Professional Awareness Programme for Trainers" virtually on Tuesday. Muhammad Qaisar Ali, Additional Managing Director of the Islami Bank, was present as the chief guest and Md. Nazrul Islam, Principal of IBTRA,...

First Security Islami Bank PLC organized a workshop virtually titled 'BAMLCO Conference-2023'

2023-12-14 00:00:00

First Security Islami Bank PLC (FSIB) organized a workshop virtually titled 'BAMLCO Conference-2023' for all branch anti-money laundering compliance officers (BAMLCOs) of the bank recently. Md Masud Biswas, Head of Bangladesh Financial Intelligence Unit (BFIU), inaugurated the workshop as the...

Prime Bank's women banking initiative, Neera announced a strategic partnership with Shohay Health

2023-12-14 00:00:00

Prime Bank's women banking initiative, Neera has recently announced a strategic partnership with Shohay Health at a virtual event. Under the deal, Neera customers will enjoy 15 per cent discounts by Shohay Pregnancy App. Shohay Health is a pioneering health...

Agreement signed between Union Bank and AMZ Hospital

2023-12-14 00:00:00

An agreement has been signed between Union Bank and AMZ Hospital at the bank's head office in Dhaka recently. Under the deal, employees of the bank along with their dependents and clients having Visa Debit Card can enjoy exclusive discounts...

BRAC Bank arranged medical consultations by Malaysian physicians

2023-12-14 00:00:00

BRAC Bank arranged medical consultations by Malaysian physicians for its employees and their family members. GD Assist, a sister concern of the bank's valued business partner, Green-Delta, arranged this medical consultation. Specialist doctors from renowned Malaysian hospitals assisted BRAC employees...

Dato Sri Mohammad Suparadi Bin Md Noor met BSEC Chairman Professor Shibli Rubayat-Ul-Islam at the BSEC office

2023-12-14 00:00:00

Malaysian Rubber Council Chairman Dato Sri Mohammad Suparadi Bin Md Noor met BSEC Chairman Professor Shibli Rubayat-Ul-Islam at the BSEC office in the capital on Wednesday. They discussed collaborative measures in establishing 'Commodity Exchange' of the Chittagong Stock Exchange (CSE)....

IMF resumes Sri Lanka bailout after China's debt deal

2023-12-14 00:00:00

WASHINGTON, Dec 13 (AFP): The International Monetary Fund (IMF) revived its $2.9 billion bailout for Sri Lanka on Tuesday after the South Asian nation clinched a debt restructuring deal with China, its biggest official lender.The IMF said its board had...

BD now formidable global leader in sustainable manufacturing

2023-12-14 00:00:00

Bangladesh has achieved remarkable progress in sustainable fashion, boasting 206 LEED-certified green factories. This impressive lineup includes 76 platinum-rated and 116 gold-rated facilities, underscoring the country's strong commitment to environmental stewardship, reports UNB.In just the past six months, this growth...

MFs need joint supervision by regulatory bodies

FE REPORT | 2023-12-14 00:00:00

The Bangladesh Securities and Exchange Commission (BSEC) and other regulatory bodies should have coordination between them while supervising the mutual fund sector. "It [monitoring the sector] is not a task that can be performed by a single department of the...

AFC Agro to produce molecular diagnostic kits

FE REPORT | 2023-12-14 00:00:00

AFC Agro Biotech is going to produce molecular diagnostic kits as per an agreement with South Korean Bioneer Corporation. In a stock exchange filing on Wednesday, it said molecular diagnostic kits would be used to detect Dengue, Chikungunya, Hepatitis B...

What message to get from owners' share purchase in bear market?

BABUL BARMAN | 2023-12-14 00:00:00

Sponsor-directors of some companies have purchased or have declared to purchase shares of their own firms at a time when investors have shown reluctance to put money in the stocks. For example, three directors of Square Pharmaceuticals, announced last week...

Gold creeps higher on weaker yields

2023-12-14 00:00:00

WASHINGTON, Dec 13 (Reuters): Gold prices edged up on Wednesday, buoyed by weaker Treasury yields, but bullion was still near its lowest in over three weeks as the dollar inched higher ahead of the US Federal Reserve's interest rate decision...

Oil prices stable around six-month lows

2023-12-14 00:00:00

BEIJING, Dec 13 (Reuters): Oil prices were little changed on Wednesday, after falling by more than 3 per cent to six-month lows in the previous session on oversupply and demand concerns.Brent crude futures for February were up 6 cents, or...

Southwest Airlines raises fuel cost forecast for Q4

2023-12-14 00:00:00

TEXAS, Dec 13 (Reuters): Southwest Airlines on Wednesday raised its forecast for fourth-quarter fuel costs, sending its shares down 1.4 per cent in premarket trading.The carrier, however, expects unit revenue for the quarter to improve to the higher end of...

IBFB appoints Dr. Abdul Mazid new adviser

2023-12-14 00:00:00

Dr. Muhamad Abdul Mazid, retired Secretary to the government of Bangladesh and former chairman of the National Board of Revenue (NBR), has been appointed adviser of the International Business Forum of Bangladesh (IBFB), says a statement. Mr. Mazid started his...

IFIL HOLDS 337th BOARD MEETING

2023-12-14 00:00:00

The 337th meeting of the board of directors of Islamic Finance and Investment Limited (IFIL) was held at its head office in the city on Tuesday. KBM Moin Uddin Chisty, Chairman of the Board of Directors of IFIL, presided over...

I'll play two more years tops, says exhausted Kyrgios

2023-12-14 00:00:00

SYDNEY, Dec 13 (Reuters): Former Wimbledon finalist Nick Kyrgios thinks his well-documented mental health issues have taken a couple of seasons off his career and he will play on for only one or two more years after he finally gets...

Concluding and prize-giving ceremony of Army Assault Course Compitition-2023

2023-12-14 00:00:00

Chief of General Staff of Bangladesh Army Lieutenant General Ataul Hakim Sarwar Hasan delivering his speech at the concluding and prize-giving ceremony of Army Assault Course Compitition-2023 at Cumilla Cantonment in Cumilla on Wednesday — ISPR

BD face NZ XI for lone warm-up game today

2023-12-14 00:00:00

Bangladesh will take on New Zealand XI for their only warm-up game today (Thursday) at Lincoln, reports BSS.The 50-over match will start at 4am Bangladesh time.The game will give Bangladesh a match practice ahead of their three-match ODI series against...

Australia take on Pakistan in 1st Test today

2023-12-14 00:00:00

PERTH, Australia, Dec 13 (AFP): David Warner will take centre stage when the three-match series against Pakistan begins on Thursday ahead of what is expected to be the Australian opener's farewell to Test cricket.The 37-year-old has indicated that he plans...

Ashiqur Rahman's century helps Young Tigers reach semis

2023-12-14 00:00:00

A brilliant century by opener Ashiqur Rahman Shibli guided Bangladesh to the semifinal of the Asian Cricket Council (ACC) U-19s Asia Cup with an all-win record, eliminating Sri Lanka by six wickets with 55 balls remaining at the ACC Academy...

Social Islami Bank’s client get-together

2023-12-14 00:00:00

Social Islami Bank’s Gulshan Branch arranged a client get-together at a hotel in the city. Zafar Alam, Managing Director and CEO of the bank, was present as chief guest at the event.