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Arafat urges students to uphold spirit of 7 March speech

2024-03-08 00:00:00

State Minister for Information and Broadcasting Mohammad Ali Arafat on Thursday highlighted the significance of Bangabandhu's 7 March speech in making the Banglee nation indomitable and urged the students to go forward being imbued with the spirit of the speech,...

Govt out to eliminate its political opponents: BNP

FE REPORT | 2024-03-08 00:00:00

The BNP has alleged that the government has become desperate to eliminate it and other parties by indiscriminately arresting the opposition leaders and activists across the country.Senior joint secretary general of the party Ruhul Kabir Rizvi made the allegation at...

Do those not observing Mar 7 believe in independence?

2024-03-08 00:00:00

Foreign Minister and Awami League joint general secretary Hasan Mahmud on Thursday said he wonders whether those denying March 7 actually believe in the independence and sovereignty of Bangladesh, reports UNB.He said that these individuals and entities including BNP do...

EU demands answers over Epic-Apple feud

2024-03-08 00:00:00

BRUSSELS, Mar 07 (AFP): Apple must explain its decision to halt Epic Games' effort to develop a competing app store for its devices, EU regulators said Thursday, as they consider whether the iPhone-maker violated any laws."We have requested further explanations...

India backs higher carbon tax on coal imports

2024-03-08 00:00:00

SINGAPORE, Mar 07 (Reuters): A panel of officials from Indian ministries has called for a bigger carbon tax on higher quality imported coal while cutting rates for domestic coal, in a bid to slash shipments of the polluting fuel, the...

Spotify to increase prices in France over new tax

2024-03-08 00:00:00

PARIS, Mar 07 (Reuters): Swedish streaming service Spotify on Thursday said it would increase its prices in France due to a new tax, which it argued would fail to accomplish its intended goal.The government last year decided, starting form this...

MIDLAND BANK CELEBRATES FINANCIAL LITERACY DAY

2024-03-08 00:00:00

Midland Bank Limited celebrated Financial Literacy Day-2024 at the bank's head office in the city on Monday. Managing Director & CEO of the bank Md Ahsan-uz-Zaman inaugurated the programme. Various issues related to financial management and savings were discussed at...

FMPE of Bangladesh Agricultural Research Institute

2024-03-08 00:00:00

The Farm Machinery and Postharvest Process Engineering Division (FMPE) of Bangladesh Agricultural Research Institute (BARI) at the inauguration ceremony of FMPE Lab Building and Agricultural Machinery Talent Search Awards at the FMPE seminar room on Thursday. The programme was funded...

Sonali Bank pays tribute to Bangabandhu

2024-03-08 00:00:00

Sonali Bank PLC paid rich tribute to Father of the nation Bangabandhu Sheikh Mujibur Rahman on historic 7 March with due dignity. Managing Director and CEO of the bank Md Afzal Karim placed a wreath at the portrait of Bangabandhu...

Sticky inflation to keep eurozone interest rates on hold

2024-03-08 00:00:00

FRANKFURT, Germany, March 7 (AFP): Sticky inflation is expected to prompt eurozone rate-setters to hold borrowing costs steady again Thursday, as they await clearer signs of a sustained easing of consumer prices before beginning to cut.Costs of everyday goods surged...

China trade surges in first two months of 2024

2024-03-08 00:00:00

BEIJING, March 7 (AFP): China's exports sharply accelerated in the first two months of 2024, official figures showed Thursday, providing policymakers a bright spot as they battle to revive the world's second-largest economy.Overseas shipments have long served as a key...

63rd Board meeting Shahjalal Islami Bank PLC held

2024-03-08 00:00:00

The 63rd meeting of the Risk Management Committee (RMC) of the Board of Directors of Shahjalal Islami Bank PLC was held at its Corporate Head Office on Wednesday. Chairman of the Risk Management Committee of the bank Eng Md. Towhidur...

German industrial orders plunge in January

2024-03-08 00:00:00

FRANKFURT, Mar 07 (AFP): German industrial orders plunged more than expected in January, official data showed Thursday, in another worrying sign for the crucial manufacturing sector in Europe's biggest economy.New orders, closely watched as an indicator of future business activity,...

Global patent filings fall for first time in 14 years: UN

2024-03-08 00:00:00

GENEVA, Mar 07 (AFP): International patent filings declined last year for the first time in 14 years due to higher interest rates and economic uncertainty, the UN said Thursday, with India among the few countries bucking the trend.A total of...

BWDB gets new DG -

2024-03-08 00:00:00

Engineer Muhammad Amirul Haq Bhuiya joined as Director General (DG) of the Bangladesh Water Development Board (BWDB), said a press release. Prior to joining the post, he served as the additional director general (West Region) of BWDB. He obtained BSc...

CCPIT-TEX China's exhibitions kick off in city

2024-03-08 00:00:00

CEMS-Global USA and CCPIT-TEX China's international exhibitions on Yarn and Fabric kicked off at the International Convention City Bashundhara (ICCB), Dhaka on Wednesday, said a press release. Lokman Hossain Miah, Executive Chairman of Bangladesh Investment Development Authority (BIDA), attended the...

No crisis of sugar during Ramadan

2024-03-08 00:00:00

State Minister for Commerce Ahsanul Islam Titu said on Thursday that there would be no crisis of sugar during the Holy month of Ramadan owing to the S Alam Group factory fire."We've contacted with the owners of various mills and...

ASEAN envoys discuss trade with ICCB chief

2024-03-08 00:00:00

ASEAN ambassadors had a meeting with ICC Bangladesh President Mahbubur Rahman at ICC Bangladesh (ICCB) Secretariat in Dhaka on Thursday. The ambassadors were briefed about the activities of ICC HQ and ICC Bangladesh and they also discussed bilateral trade and...

Tannery traders to get short-term environment certificate: Salman

2024-03-08 00:00:00

Prime Minister's Private Industry and Investment Adviser Salman F Rahman has said tannery industry businessmen will get short-term environmental certificates until Eid-ul-Azha to facilitate leather exports."If they do not comply with the environmental ministry's regulations after Eid-ul-Azha, their operations will...

Foreign firms warn Vietnam of investment freeze without new tax offset, source says

2024-03-08 00:00:00

HANOI, March 7 (Reuters): Large foreign multinationals said they may freeze new investment plans in Vietnam in the absence of subsidies to help offset the cost of a new top-up tax, said a person involved in talks on the matter...

Financials lead India's Nifty, Sensex to record highs

2024-03-08 00:00:00

BENGALURU, March 7 (Reuters): India's blue-chips extended their rally to record highs for a second session in a row on Thursday, led by financials, while US Federal Reserve Chair's rate cut assurance supported sentiment.The NSE Nifty 50, opens new tab...

National Finance signs deal with Chartered Life Insurance

2024-03-08 00:00:00

Deposit holders of National Finance Ltd can now enjoy life insurance coverage provided by Chartered Life Insurance Ltd. This initiative was launched through a recent agreement signed between the two companies. Irteza Ahmed Khan, managing director of National Finance, Mohammad...

Southeast Bank opens 8 new agent banking outlets

2024-03-08 00:00:00

Southeast Bank has opened eight new agent banking outlets across the country, particularly in rural and semi-urban areas. Nuruddin Md Sadeque Hossain, managing director of Southeast Bank, virtually inaugurated the outlets on Thursday at the bank's head office, coinciding with...

Saudi bourse gains on Fed rate cut signal

2024-03-08 00:00:00

The Saudi Arabian stock market rose in early trade on Thursday as the US Federal Reserve Chair said he expects interest rate cuts later this year, while bourses in Dubai and Qatar were weighed down by stocks trading ex-dividend, reports...

Goldman Sachs lifts stock buyback forecast for S&P 500 companies

2024-03-08 00:00:00

Goldman Sachs has raised its share buyback forecast for companies in the S&P 500, opens new tab index, with repurchases pegged to rise 13 per cent to $925 billion in 2024, driven by stronger than expected mega-cap tech earnings growth,...

Asian markets swing ahead of key US jobs data

2024-03-08 00:00:00

HONG KONG, March 7 (AFP): Equities were mixed in Asian trade on Thursday as investors try to assess the Federal Reserve's plans for interest rates after boss Jerome Powell indicated they would start to come down this year.Focus is also...

Tesla shares fall after Morgan Stanley cuts price target on weakening EV demand

2024-03-08 00:00:00

Tesla, opens new tab fell for a third day on Wednesday after a closely watched analyst at Morgan Stanley lowered his price target on the stock, saying that electric-vehicle demand was continuing to weaken in key markets including China despite...

People's Leasing to resume trade on Sunday

FE REPORT | 2024-03-08 00:00:00

The scam-hit People's Leasing & Financial Services will resume share trading on March 10 (Sunday) after 56 months of suspension.The Dhaka Stock Exchange (DSE) took the decision after the company had ensured compliance with some security rules. Before the suspension,...

Techno Drugs to float IPO to raise Tk 1b

FE REPORT | 2024-03-08 00:00:00

Techno Drugs, a manufacturer of veterinary and oncology medicines, will raise Tk 1 billion from the primary market for business expansion and loan repayment.The Bangladesh Securities and Exchange Commission (BSEC) on Thursday approved the company's proposal to float an IPO...

Little-known Yusuf Flour's astonishing rise for no good reason

BABUL BARMAN | 2024-03-08 00:00:00

Yusuf Flour Mills, a little known SME stock, has been flying high once again on the Dhaka Stock Exchange (DSE), leaving many well-performing stocks behind.The stock price jumped an astounding 86 per cent or Tk 1,307 each share in just...