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Govt has no complete list of public services against which it levies charges

2024-03-29 00:00:00

The government has no complete list of public services against which it levies fees or charges, reports bdnews24.com."There are thousands of public services against which the government levies fees or charges, but there is no complete list of such fees...

Shirin Sharmin Chy attends concluding session

2024-03-29 00:00:00

Speaker of the Jatiya Sangsad Dr Shirin Sharmin Chaudhury gave her speech in the concluding session of the 148th Inter-Parliamentary Union (IPU) on Wednesday at Geneva in Switzerland, reports BSS.IPU president Tulika Ackson, secretary general Martin Chungong and representatives from...

Donald Lu lauds Bangladeshi Americans for building foundation of ties

2024-03-29 00:00:00

US Assistant Secretary of State for the Bureau of South and Central Asian Affairs, Donald Lu, has highly appreciated the contributions of the Bangladeshi Americans in building the foundation of bilateral relations between the two nations., reports UNBLu was addressing,...

Hasan slams Yunus for receiving award from Israeli sculptor

2024-03-29 00:00:00

Foreign Minister Hasan Mahmud on Thursday described Yunus Centre's "lying" and Professor Muhammad Yunus' receiving an award from an Israeli sculptor "very unfortunate", reports UNB."I am very surprised.....it's very unfortunate," he told reporters at the Ministry of Foreign Affairs.He said...

Yunus Centre's statement on "Tree of Peace" for Yunus

FE DESK | 2024-03-29 00:00:00

The Yunus Centre issued a statement on Thursday on "Tree of Peace" award for Nobel Laureate Professor Muhammad Yunus. In the statement, the Centre said Muhammad Yunus was invited to the Baku Forum XI in Baku, Azerbaijan as a distinguished...

80pc BNP men subjected to AL govt's torture: Fakhrul

FE REPORT | 2024-03-29 00:00:00

Bangladesh Nationalist Party (BNP) Secretary General Mirza Fakhrul Islam Alamgir said on Thursday that about 80 per cent of his party's leaders and activists are now subjected to torture and repression by the Awami League (AL) government."The present Awami League...

BNP wants to nullify meaning of independence, says Quader

2024-03-29 00:00:00

Awami League General Secretary and Road Transport and Bridges Minister Obaidul Quader on Thursday said that BNP wants to nullify the meaning of the independence, as they do not believe the spirit of the War of Liberation and democracy, reports...

Global smartphone market set to rebound in 2024

2024-03-29 00:00:00

LONDON, Mar 28 (Reuters): Global smartphone shipments are expected to rebound 3 per cent this year as easing inflation aids a demand recovery in emerging markets and the integration of generative AI attracts buyers to premium devices, a report by...

Japan unveils next-generation passenger plane project

2024-03-29 00:00:00

TOKYO, Mar 28 (AFP): Japan announced plans on Wednesday to develop a next-generation passenger jet over the next decade after the last struggling attempt, led by a private company, was scrapped a year ago.The new public-private project aims to use...

Mercedes partly loses class action case over diesel defeat devices

2024-03-29 00:00:00

BERLIN, Mar 28 (Reuters): A German court ruled on Thursday partly in favour of consumers in a class action suit against Mercedes Benz over diesel emissions defeat devices.Some of the German luxury carmaker's diesel models with the Euro 6 grade...

US stocks mixed ahead of holiday

2024-03-29 00:00:00

NEW YORK, March 28 (AFP): Wall Street stocks saw a mixed start to Thursday, as traders digested the latest economic data ahead of the Good Friday holiday.The Dow Jones Industrial Average advanced 0.2 percent to 39,829.51.The broad-based S&P 500 Index...

Tata's forced IPO will only bring problems

2024-03-29 00:00:00

BENGALURU, March 28 (Reuters Breakingviews): One of India's biggest family businesses is in an pickle. Tata Group, the sprawling cars-to-tech conglomerate, is hurtling towards a forced listing of its holding company that would lump it with a yawning market discount....

Strong economy, steady inflows power India's Nifty to best fiscal since 2021

2024-03-29 00:00:00

BENGALURU, March 28 (Reuters): India's blue-chip Nifty 50 index surged nearly 29 per cent this financial year, ending March 31, powered by a booming economy and strong fund inflows that helped mark the best year for domestic stocks since a...

Pakistan benchmark share index hits record high, IMF cheer continues

2024-03-29 00:00:00

KARACHI, March 28 (Reuters): Pakistan's benchmark index touched an all-time high on Thursday, extending a rally following a staff level agreement with the International Monetary Fund earlier this month to free up more financial aid for the country.The benchmark KSE-100...

Yen on intervention watch; Asia shares creep higher

2024-03-29 00:00:00

SINGAPORE, March 28 (Reuters): The yen languished near its weakest in decades on Thursday though the threat of intervention from Japanese authorities prevented traders from pushing the currency to a new low, while Asian stocks rose ahead of a key...

Chinese firms' fundraisings in limbo as IPOs scrutinised at home and abroad

2024-03-29 00:00:00

SHANGHAI/HONG KONG, March 28 (Reuters): Chinese companies are staring at the prospects of a drought of new equity capital as tougher domestic IPO rules and challenges in listing overseas severely curb their fundraisings, putting at risk the floundering economy's recovery.China's...

Xiaomi to enter cut-throat EV market for the first time

2024-03-29 00:00:00

BEIJING, Mar 28 (AFP): Chinese consumer tech giant Xiaomi will launch its first-ever EV at a press conference in Beijing Thursday, injecting itself into a fiercely competitive sector in the world's largest car market.China's EV sector has grown rapidly in...

Dutch govt plans to keep ASML in Netherlands

2024-03-29 00:00:00

AMSTERDAM, Mar 28 (Reuters): The Dutch government is expected to lay out initial plans on Thursday to keep the country's largest company ASML, from moving operations outside the Netherlands over concerns ranging from anti-immigration policies to infrastructure problems.Semiconductor equipment maker...

WZPDCL celebrates Independence and National Day

2024-03-29 00:00:00

Employees of West Zone Power Distribution Company Limited (WZPDCL) led by its Managing Director AHM Mohiuddin paid homage to war martyrs by placing a wreath at a memorial to the martyrs in Gollamari, Khulna on Tuesday, marking Independence and National...

Shippers' Council arranges Iftar Mehfil

2024-03-29 00:00:00

Shippers' Council of Bangladesh (SCB) organised a Doa and Iftar Mehfil at the Fortune Square Convention Hall at Dhanmondi in the city on Tuesday. Chairman of the Parliamentary Standing Committee on Ministry of Food and former Shipping Minister Shajahan Khan,...

BRAC Bank, VIPB Asset Management sign custodial service deal

2024-03-29 00:00:00

BRAC Bank has signed a custodial service agreement with VIPB Asset Management Company Limited. The agreement was signed by Tareq Refat Ullah Khan, deputy managing director and head of Corporate Banking for BRAC Bank, and Md Shahidul Islam, CEO of...

Le Méridien offers special benefits to EBL cardholders

2024-03-29 00:00:00

Eastern Bank Limited (EBL) cardholders can now enjoy special benefits at the five-star hotel Le Méridien Dhaka. A recent agreement between EBL and Le Méridien Dhaka allows for these benefits. M Khorshed Anowar, deputy managing director and head of Retail...

BFDC pairs up with JICA to modernise landing centre

FE REPORT | 2024-03-29 00:00:00

The Bangladesh Fisheries Development Corporation (BFDC) and the Japan International Cooperation Agency (JICA) joined hands with an eye to modernising the Fish Landing Centre in Cox's Bazar.To this end, JICA signed a grant agreement of 2,294 million Japanese yen (Tk...

bKash-DataSoft joint bid to develop digital payments in microfinance

2024-03-29 00:00:00

Integrating digital payments in the microfinance sector can save work hours, enhance productivity, simplify instalment and deposit collection, ensure 24/7 transaction reporting, reduce cash-carrying risk, and increase efficiency of cash management, experts said at a seminar.The seminar was jointly organised...

China wants to import jute goods from BD

2024-03-29 00:00:00

China expressed keen interest on Thursday to import jute goods from Bangladesh as its ambassador here Yao Wen had a meeting with Textiles and Jute Minister Jahangir Kabir Nanak at the latter's secretariat office, reports BSS.Briefing reporters after the meeting,...

City Bank up 4.17pc after record earnings

FE REPORT | 2024-03-29 00:00:00

City Bank jumped 4.17 per cent to Tk 22.50 per share on the Dhaka Stock Exchange (DSE) on Thursday after the lender had reported record profit for 2023.The first generation private commercial bank had disclosed a consolidated net profit of...

Reckitt Benckiser to give decade-low dividends, despite profit growth

FE REPORT | 2024-03-29 00:00:00

Reckitt Benckiser (Bangladesh) declared the lowest dividend in a decade for 2023, despite achieving more than 24 per cent year-on-year growth in profit.The UK-based multinational firm that sells health and hygiene-related products logged an annual profit of Tk 820 million...

Frantic to stem market plunge, regulator extends time for provisioning

FE REPORT | 2024-03-29 00:00:00

The securities regulator has extended time for mandatory provisioning against unrealised losses in margin accounts for seven months until January next year in a desperate move to avert further market fall. According to market insiders, forced selling executed in the...

Tesla deliveries face hit from China slowdown, soft demand

2024-03-29 00:00:00

NEW YORK, Mar 28 (Reuters): Tesla is expected to report sluggish first-quarter deliveries next week as the boost from its price cuts wanes and the US automaker grapples with strong competition for buyers in a slowing electric-vehicle market.After years of...

Swedish central bank signals May or June rate cut

2024-03-29 00:00:00

STOCKHOLM, Mar 28 (AFP): Sweden's central bank on Wednesday kept its key interest rate at a 16-year high, but forecast a possible cut in May or June if inflation stays under control.The Riksbank said that while "inflation is in the...