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Maintenance staff shortage could clip aviation industry's wings

2024-04-01 00:00:00

NEW YORK, Mar 31 (AFP): The United States is grappling with a shortage of maintenance workers in the aviation industry, with baby boomers retiring and others changing jobs during the pandemic.This comes as the global fleet of commercial aircraft is...

TRAVELLO BRINGS IN NEW LUGGAGE DESIGNS

2024-04-01 00:00:00

Travello, the luggage brand of the country's leading business group RFL, has launched new product lines in two categories: hard and soft; on the occasion of upcoming Eid. RN Paul, Managing Director of RFL Group, unveiled eight luggage designs at...

CRYSTAL INSURANCE HOLDS 24TH AGM

2024-04-01 00:00:00

The 24th Annual General Meeting (AGM) of Crystal Insurance Company Limited was held in hybrid mode on Sunday. Abdullah Al-Mahmud (Mahin), Chairman of the company, presided over the meeting held at Trust Milonayaton in Dhaka. The meeting approved the audited...

Janata Bank distributes food items in Sathkhira

2024-04-01 00:00:00

Janata Bank PLC distributed food items among the destitutes at Kamarali Govt Primary School in Kalaroa, Satkhira on Saturday on the occasion of Ramadan and Eid-ul-Fitr. Managing Director & CEO of the bank Md Abdul Jabbar distributed food items such...

Mercantile Bank's Rampura Branch relocates to new location

2024-04-01 00:00:00

The Rampura Branch of Mercantile Bank has relocated to new premises on Sunday. The shift provides customers with access to the latest and most advanced banking services in a spacious and modern environment. Morshed Alam, MP, chairman of the bank,...

DU wins BIAC int'l arbitration contest

2024-04-01 00:00:00

The final round of the 2023 BIAC International Inter-University Arbitration Contest, held online on Sunday, saw Dhaka University emerge victorious against Kathmandu University School of Law, Nepal. The contest, supported by BRAC Bank, Mutual Trust Bank and IFIC Bank, featured...

Berger introduces Luxury Matte

2024-04-01 00:00:00

Berger Paints Bangladesh Limited, the country's top paint solutions company, has added a new product, Berger Luxury Matte, to its luxury series, says a statement. As the first and only paint solution company in Bangladesh, Berger Paints has launched this...

Banks offer hefty discounts in cashless shopping on card payment

2024-04-01 00:00:00

Cashless payments are adding to the joys of Eid shopping, traveling, Iftar and Sehri meals. Thanks to the hefty discounts offered by banks and mobile financial services (MFS), credit card holders are making best use of the facilities, reports UNB.Banks...

Beximco's zero coupon bonds, REIT rules approved

FE REPORT | 2024-04-01 00:00:00

The country's stock market watchdog has approved Beximco's proposal to issue zero-coupon bonds worth Tk 26.25 billion.At the same meeting, the Bangladesh Securities and Exchange Commission (BSEC) also approved the rules for the Real Estate Investment Trust Fund (REIT), which...

Agrani Insurance again proposes issuing rights issues

FE REPORT | 2024-04-01 00:00:00

Having failed to get regulatory approval last year, Agrani Insurance once again announced its intention to issue rights shares to enhance its paid-up capital. The general insurer aims to raise Tk 68 million by issuing 6.8 million rights shares this...

Grameenphone seeks govt policy helping its transition to green energy

ISMAIL HOSSAIN | 2024-04-01 00:00:00

Grameenphone seeks policy support from the government so that it can sign Corporate Power Purchase Agreement (CPPA) in fulfilling its commitment to cut carbon emission by 50 per cent by 2030. The country's largest telecom operator has been taking preparation...

Ivory Coast to raise cocoa farmgate price

2024-04-01 00:00:00

ABIDJAN, Mar 31 (Reuters): Ivory Coast's President Alassane Ouattara will increase the official cocoa farmgate price to 1,500 CFA francs ($2.47) per kg from Tuesday from the current 1,000 CFA, sources at five different export companies said.The sources, who requested...

QatarEnergy to charter 19 LNG more vessels

2024-04-01 00:00:00

DOHA, Mar 31 (Reuters): QatarEnergy CEO Saad Al Kaabi announced on Sunday that the company has finalised a number of charter contracts with several Asian ship owners to bolster its shipping fleet by 19 LNG vessels ahead of a massive...

US crude output falls 6pc in Jan due to severe cold

2024-04-01 00:00:00

US crude oil production dropped in January to 12.5 million barrels per day (bpd), a 6 per cent decline from December's record high, following freezing weather, data from the Energy Information Administration showed on Friday, reports Reuters.Crude oil output in...

Tourist spending in Saudi Arabia hits record high of $40b in 2023

2024-04-01 00:00:00

RIYADH, Mar 31 (Arab News): Tourist spending in Saudi Arabia reached a record high in 2023, totaling SR135 billion ($39.95 billion), according to the latest official data. This figure, revealed by the Saudi Central Bank, represents the highest visitor spending...

Vietnam's GDP grows 5.66pc as exports boom

2024-04-01 00:00:00

Vietnam's gross domestic product in the first quarter grew 5.66 per cent from a year earlier as exports boomed, government data released on Friday showed, despite higher shipping costs due to turmoil in the Red Sea, reports Reuters.Growth in the...

Japanese authorities inspect Kobayashi Pharma factory after deaths

2024-04-01 00:00:00

TOKYO, Mar 31 (Reuters): Health authorities searched a second Kobayashi Pharmaceutical factory in western Japan on Sunday after the company reported five deaths possibly tied to dietary supplements, an official said.The inspection in Wakayama prefecture follows one on Saturday in...

Insurers brace for multi-billion dollar losses

2024-04-01 00:00:00

LONDON, Mar 31 (Reuters): Baltimore's Francis Scott Key Bridge collapse could cost insurers several billions of dollars in claims, sources say, but it is too early to calculate the likely full financial losses of the tragedy that has shuttered one...

Japan banks less reluctant to finance hostile takeovers

2024-04-01 00:00:00

TOKYO, Mar 31 (Reuters): Japanese banks have become less reluctant to finance hostile acquisitions because the government's new takeover guidelines have shaken off the taboo on such deals, Japan's new banking lobby chief said.The comments from Akihiro Fukutome, the head...

China's factory activity expands for first time in six months

2024-04-01 00:00:00

SHENZHEN, China, Mar 31 (Reuters): China's manufacturing activity expanded for the first time in six months in March, an official factory survey showed on Sunday, offering relief to policymakers even as a crisis in the property sector remains a drag...

Spot LNG prices maintain six-week high amid emerging demand

2024-04-01 00:00:00

LONDON, Mar 31 (Reuters): Asian spot liquefied natural gas (LNG) prices were little moved last week, holding on to a six-week high amid emerging spot demand in both southeast Asia and Europe.The average LNG price for May delivery into northeast...

NATIONAL FINANCE TEAMS UP WITH ANANTA TERRACES

2024-04-01 00:00:00

National Finance Ltd (NFL) and Ananta Terraces have collaborated to provide exclusive benefits to Ananta Terraces's apartment buyers and employees. A campaign regarding this benefit was held on the Ananta Terraces head office premises at Gulshan in Dhaka recently. This...

LE REVE PARTNERS TALLYPAY TO SIMPLIFY CASHLESS PAYMENTS

2024-04-01 00:00:00

Le Reve, a premier fashion and lifestyle brand, teams up with digital finance innovator TallyPay to introduce a streamlined cashless payment method across its nationwide stores. This initiative enables millions of app users affiliated with 34 banks and major mobile...

BANGLALINK OFFERS DIGITAL SOLUTIONS TO BRAC

2024-04-01 00:00:00

Banglalink, the country's leading innovative digital service provider, has signed an agreement with BRAC, the world's largest non-government organization. Under this new partnership, BRAC employees will enjoy a series of digital services offered by Banglalink including corporate connections, SMS broadcast...

Banks open in industrial areas on Apr 5-7

2024-04-01 00:00:00

The branches of banks in the industrial areas will remain open from April 5 to 7 to allow owners to collect export proceeds, withdraw money, and pay workers, reports bdnews24.com. April 5 and 6 are weekends and April 7 is...

Mobile internet users rebound after six-month decline

FE REPORT | 2024-04-01 00:00:00

After six months of continuous decline, the number of mobile internet subscribers in the country increased by 1.17 million at the end of February. With this new addition, the total number of mobile internet subscribers stands at 117.47 million in...

TCB set to sell Indian onions at Tk 40 per kg: Titu

FE REPORT | 2024-04-01 00:00:00

The government is set to sell Indian onions at Tk 40 per kg under a special sales drive of the Trading Corporation Bangladesh (TCB), State Minister for Commerce Ahasanul Islam Titu said on Sunday.He said local traders have also assured...

Tigresses lose to Australia in 1st T20I

2024-04-01 00:00:00

Despite a valiant 63-run from skipper Nigar Sultana, Bangladesh Women's team tasted a thumping 10-wicket defeat to Australia in the three-match T20 International series opener at Sher-e-Bangla National Cricket Stadium in the city on Sunday, reports BSS.Thanks to Nigar's solo...

Mohit, Miller steer Gujarat to IPL win over Hyderabad

2024-04-01 00:00:00

AHMEDABAD, India, Mar 31 (AFP): Mohit Sharma's bowling figures of 3-25 and an unbeaten 44 by David Miller powered Gujarat Titans to their second IPL win with a thrashing of Sunrisers Hyderabad on Sunday.Gujarat restricted Hyderabad to 162-8, a total...

Man Utd lose ground on rivals after Brentford's last-gasp equaliser

2024-04-01 00:00:00

LONDON, Mar 31 (Reuters): Manchester United were held to a 1-1 draw at lowly Brentford after Kristoffer Ajer's 99th-minute equaliser in their Premier League clash on Saturday, denting the visitors' hopes of qualifying for next season's Champions League.Substitute Mason Mount...