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UCB OPENS SUB-BRANCH AT FALCON MART

2024-03-30 00:00:00

United Commercial Bank PLC (UCB) inaugurated a new sub-branch at Falcon Mart in the capital on Thursday. Arif Quadri, Managing Director and CEO of UCB, presided over the inaugural ceremony held at Falcon Mart Square while the Air Officer Commanding...

IPDC Finance's profit hits seven-year low in 2023

FE REPORT | 2024-03-30 00:00:00

IPDC Finance, a leading non-bank financial institution, has reported a net profit of Tk 341 million, the lowest in seven years, for the year 2023, largely due to higher provisions against loans and a decline in income from the stock...

Stocks suffer seventh week of losses

FE REPORT | 2024-03-30 00:00:00

Stocks endured yet another tumultuous week, marked by a sharp decline in the benchmark index of Dhaka Stock Exchange (DSE) as both local and foreign investors remained engaged in a flurry of sell-offs to shield their investments from further erosion....

Vietnam Q1 growth hits five-year high on strong exports

2024-03-30 00:00:00

HANOI, March 29 (AFP) : Vietnam's economy grew by 5.66 percent on-year in the first quarter, according to official data published Friday, boosted by strong exports.It is the communist country's strongest Q1 growth since 2019, but still well off Standard...

Sri Lanka inflation dips to lowest level since crisis

2024-03-30 00:00:00

COLOMBO, March 29 (AFP) : Sri Lanka's statistics office said Friday that inflation had slowed to 0.9 percent in March, the lowest year-on-year price increase since an unprecedented economic crisis.The island nation defaulted on its $46 billion foreign debt in...

India keen on trade deals with Britain, Oman early in Modi's probable third term

2024-03-30 00:00:00

Indian Prime Minister Narendra Modi is likely to prioritise completion of free trade deals with Britain and Oman in the first 100 days of the next government if he wins upcoming elections as opinion polls predict, two government sources said,...

BAT BANGLADESH HOLDS 51ST AGM

2024-03-30 00:00:00

British American Tobacco Bangladesh Company Limited (BAT Bangladesh) has approved a 100 per cent cash dividend per share for the year 2023. The approval was given at the company's 51st annual general meeting (AGM) held virtually on Thursday. The shareholders...

State miner pushes local granite use as record output swells stockpiles

GULAM RABBANI | 2024-03-30 00:00:00

Almost half of the quarries of Maddhapara Granite Mining Company Limited, the country's lone granite stone producer, remained unsold in the last fiscal year, despite achieving its highest production in five years. This has resulted in a large stockpile of...

Shanghai copper heads for biggest monthly gain in 16 months

2024-03-30 00:00:00

Shanghai copper prices were little changed on Friday, but poised for their biggest monthly gain in 16 months amid prospects of lower supply, according to mining.com.The most-traded May copper contract on the Shanghai Futures Exchange was up 10 yuan, or...

Oil rises more than $1 a barrel on tighter supply outlook

2024-03-30 00:00:00

NEW YORK (Reuters): Oil prices jumped more than $1 a barrel on Thursday, closing out the month higher on the prospect of OPEC+ staying the course on production cuts, ongoing attacks on Russia's energy infrastructure and a falling U.S. rig...

News in Brief(2024-03-30)

2024-03-30 00:00:00

Meloni-Le Pen rift mars far right's prospects of wielding EU powerPARIS/ROME, Mar 29: When a French minister compared Italy's nationalist Prime Minister Giorgia Meloni last year to the leader of the French far right, the Italian premier rang French President...

45 killed and one survivor after S Africa’s bus crash

2024-03-30 00:00:00

CAPE TOWN, Mar 29 (Al Jazeera): A bus has plunged off a bridge into a ravine in South Africa, killing 45 of the 46 passengers on board, according to the Department of Transport.The only survivor, an eight-year-old girl, was airlifted...

India's Congress says facing 'tax terrorism' after second tax notice

2024-03-30 00:00:00

MUMBAI, Mar 29 (Reuters): India's main opposition party said on Friday it had been asked to pay an additional 18.2 billion rupees ($218 million) in taxes, which it called an attempt by the tax department to financially cripple it weeks...

UN sanctions on N Korea have ‘not helped’ improve regional security: Russia

2024-03-30 00:00:00

MOSCOW, Mar 29 (Reuters): Russia said on Friday that major powers needed a new approach to North Korea, accusing the United States and its allies of ratchetting up military tensions in Asia and seeking to "strangle" the reclusive state.Russia vetoed...

Israeli strikes kill 42 in north Syria

2024-03-30 00:00:00

BEIRUT, Mar 29 (AFP): A war monitor said Israeli air strikes Friday on Syria's north killed 36 soldiers and six Hezbollah fighters, the latest deadly raid on Iran-backed forces in the country since the Israel-Hamas war began.Israel has launched hundreds...

Carlota Ciganda of Spain putts on the ninth green

2024-03-30 00:00:00

Carlota Ciganda of Spain putts on the ninth green during the first round of the Ford Championship presented by KCC at Seville Golf and Country Club on Thursday in Phoenix, Arizona — AFP

Netherlands to host Ireland, Scotland in T20 tri-series before WC

2024-03-30 00:00:00

Netherlands will host Ireland and Scotland in a T20 tri-series as part of the three teams' preparations for the T20 World Cup, which begins on June 02. The tri-series will take place in Amstelveen from May 18 to 24, with...

Wanderers post win in BCL

2024-03-30 00:00:00

Dhaka Wanderers Club beat Uttara Football Club by 2-1 goals in a match of the ABG Bangladesh Championship League football held at Birshreshtha Shaheed Sepoy Mohammad Mostafa Kamal Stadium in the city's Kamalapur on Friday, reports BSS.In the day's match,...

Pakistan to tour Ireland for three T20Is in May

2024-03-30 00:00:00

The Pakistan Cricket Board (PCB) has announced May 10, 12 and 14 for Pakistan's three-match T20 tour of Ireland, with the matches slotted for Castle Avenue in Dublin, reports www.espncricinfo.com.The series forms part of a 12-match run-in Pakistan have ahead...

Collins dominates to set up Miami final with Rybakina

2024-03-30 00:00:00

MIAMI, Mar 29 (AFP): Danielle Collins, in her final year on the WTA Tour before retirement, booked her first ever 1000 series final in Miami on Thursday with a dominant 6-3, 6-2 victory over Ekaterina Alexandrova.The 30-year-old Collins, will face...

Mohammedan blank Fortis

2024-03-30 00:00:00

Mohammedan Sporting Club (MSC) blanked Fortis Sporting Club by 4-0 goals in the second phase of ABG Bangladesh Premier League football that resumed at Rafiq Uddin Bhuiyan Stadium in Mymensingh on Friday, reports BSS.In the day's match, Uzbek midfielder Muzaffar...

Pothas calls for patience towards young Tigers

2024-03-30 00:00:00

Bangladesh's young batters are in the early stages of their Test careers and those watching them will need to be patient, says assistant coach Nic Pothas who is standing in for the team's head coach Chandika Hathurusinghe in the second...

Tigers peg hopes on Shakib return for Test lift

2024-03-30 00:00:00

CHITTAGONG, Mar 29 (Agencies): Bangladesh were counting on the return of veteran all-rounder Shakib Al Hasan for a much-needed energy lift ahead of the second and final Test against Sri Lanka, stand-in coach Nic Pothas said Friday.Sri Lanka thrashed Bangladesh...

A tapestry of life as was in late 20th century

Shahidul Islam | 2024-03-30 00:00:00

This is a memoir of the author's life covering the later part of twentieth century as he grew up, from being a student to engagement in business in various roles from executive to consultant to retirement as Professor at the...

Eid shopping in the perspective of economic recession

Nilratan Halder | 2024-03-30 00:00:00

If Ramadan is a time for self-abnegation or asceticism, it is also an occasion for sharing and caring. Unfortunately, self-control and self-denial are not matched by the reaching out to others in need. Yet, the fact remains that this period...

Mind the gap: financing fashion industry's transition

Matin Saad Abdullah | 2024-03-30 00:00:00

Last year's COP marked a significant milestone for the global community. For the first time, all countries acknowledged the need to move away from fossil fuels to meet the goals laid out in the Paris Agreement. Considering the politics surrounding...

Adaptability is the key to success

2024-03-30 00:00:00

As time progresses, technology evolves, and so do human needs and demands. Businesses face increasing competition, requiring them to constantly innovate for maintaining their presence. Adapting to changing trends and incorporating new values to keep customers satisfied is crucial. For...

Harnessing AI for strategic management

2024-03-30 00:00:00

BRAC one of the largest global development organisations, has embraced artificial intelligence (AI) to improve its strategic management practices. It has improved its decision-making processes, optimised resource allocation, and amplified its impact on poverty alleviation efforts using AI tools and...

Balancing between faith and commerce during Ramadan

2024-03-30 00:00:00

The holy month of Ramadan, marked by self-restraint and self-purification, is eagerly awaited by the Muslim world. While Ramadan is often regarded as a time for heightened commercial activity, traders in many countries, including Qatar, Iran, and Saudi Arabia, endeavour...

Addressing the problem of urban paratransit

Tanim Asjad | 2024-03-30 00:00:00

Paratransit plays a critical role in improving mobility in urban areas across Asia. Instead of being efficient, it is rather chaotic. This is the case in Bangladesh, where the expansion of paratransit becomes disorderly, making things worse. Paratransit is generally...