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Cargo vessel movement with Murshidabad begins

2024-02-13 00:00:00

Cargo vessel movement from Sultanganj in Godagari upazila in Rajshahi to Maya port in Murshidabad of India's West Bengal began on Monday.State minister for Shipping Khalid Mahmud Chowdhury inaugurated the cargo vessel movement from Sultanganj river port in Godagari upazila...

HC orders Grameen Telecom to deposit Tk 500m for tax appeal

2024-02-13 00:00:00

The High Court has ordered Grameen Telecom to deposit Tk 500 million before filing income tax appeals for 2011-12 and 2012-13 tax years, reports UNB.The High Court bench of Justice Muhammad Khurshid Alam Sarkar and Justice Sardar Md Rashed Jahangir...

77 top export-earning companies selected for Bangabandhu Trophy

FE REPORT | 2024-02-13 00:00:00

The government has selected 77 companies that fetched the highest amounts of foreign exchange through exports in the fiscal year 2021-22 for the Bangabandhu Sheikh Mujib Export Trophy.Names of the selected companies/organizations in different sectors are given below:Garments/Apparel sector: Rifat...

Reg of Swadesh Islami Life Ins suspended

SAJIBUR RAHMAN | 2024-02-13 00:00:00

The registration of Swadesh Islami Life Insurance Company Limited has been suspended on charges of misappropriating public money.The Insurance Development and Regulatory Authority (IDRA) has taken the action for the next three months, according to a circular issued on Monday.The...

Ministry rushes to register GI products after Tangail sari loss to India

YASIR WARDAD | 2024-02-13 00:00:00

The Ministry of Industries is expediting the registration of products as geographical indications (GIs) as four more items have been published in the official journal, granting them GI status in Bangladesh.The latest additions include Haribhanga mango from Rangpur, Agar wood...

Mobile internet speed improves

FE REPORT | 2024-02-13 00:00:00

The country has made an improvement in mobile internet speed with four notches up from 105 to 101 among 146 countries in December 2023.The US-based Ookla Speed Test Global Index has recently revealed the information.According to the data, the country's...

Dhaka, Delhi agree to counter security threat from Myanmar conflicts

FE REPORT | 2024-02-13 00:00:00

Bangladesh and India have agreed to collaborate on addressing the regional security challenges posed by the ongoing Myanmar civil war, Foreign Minister Dr Hasan Mahmud said on Sunday.Briefing the press after his recent India visit, the minister also said that...

Minister for ADB aid in fixing prices

FE REPORT | 2024-02-13 00:00:00

State minister for power, energy and mineral resources Nasrul Hamid sought assistance from the Asian Development Bank (ADB) to help fix the actual energy prices and establish a power market.The government required appointing a consultant to fix 'actual' power and...

Leather goods, footwear exporters seek duty cuts on raw material imports

FE REPORT | 2024-02-13 00:00:00

Country's leather goods and footwear manufacturers and exporters have sought a unified tax rate, instead of bond management, on import of raw materials to facilitate the small and medium exporters getting easy access to industrial inputs.They claimed the export of...

Ensure security of people, their investment, PM tells Ansar

2024-02-13 00:00:00

SHAFIPUR, Feb 12 (BSS): Prime Minister Sheikh Hasina today asked Ansar and VDP personnel to discharge duties with honesty and courage to maintain peace for ensuring security of people and their investment to build a prosperous and developed Bangladesh."I ask...

Briefing 2024-02-13

2024-02-13 00:00:00

Prayer Timings (2024-02-13)

2024-02-13 00:00:00

A three-wheeler scooter equipped with 360-degree cameras

2024-02-13 00:00:00

A three-wheeler scooter equipped with 360-degree cameras navigates Dhaka's Mirpur to capture images for Google Street View. These nimble vehicles replace the previously used four-wheeler cars, which struggled to access the city's intricate network of narrow lanes. — FE Photo...

PML-N, PPP coalition most likely outcome

2024-02-13 00:00:00

ISLAMABAD, Feb 12 (Agencies): Pakistan has weeks of political uncertainty ahead following its indecisive election, analysts said Monday, with dozens of constituency results facing challenges in court and rival parties negotiating possible coalitions.Independent candidates loyal to jailed former prime minister...

Economy recovering from stress

FE REPORT | 2024-02-13 00:00:00

Finance Minister Abul Hassan Mahmood Ali on Monday said the country has been making a recovery from the economic stresses gradually and returning back on track."Bangladesh is now doing well. It is not like we have come out of the...

BoP negative despite trebling current-account surplus

JASIM UDDIN HAROON | 2024-02-13 00:00:00

Current-account surplus in Bangladesh last December more than trebled from the November tally, the central bank disclosed Monday, although the country's balance of payments goes burgeoning.As such, with the overall balance staying in the negative territory, the pain of financial-account...

Govt retracts order slashing cash incentives on exports

FE REPORT | 2024-02-13 00:00:00

An impugned government order trimming cash incentives on exports is now retracted to restore the benefits amid repeated pleas from the garment-sector players, officials say.At the bidding of the Ministry of Finance, the central bank on January 30 issued circular...

Banks' non-performing loans soar to Tk 1.46t

JUBAIR HASAN | 2024-02-13 00:00:00

Classified loans in the banking sector showed an annual bulge by around 21 per cent to Tk 1.46 trillion in 2023, until a downturn towards the yearend under regulatory push. The percentage of bad loans in banks stood up at...

Glencore to sell nickel mine stake in New Caledonia

2024-02-13 00:00:00

ZURICH, Feb 12 (AFP): Swiss mining giant Glencore said Monday it is seeking a buyer for its stake in New Caledonian nickel mine and processing plant Koniambo Nickel (KNS) as the industry endures a price slump.Glencore said it "appreciates the...

Gold eases as US CPI takes centre stage

2024-02-13 00:00:00

SINGAPORE, Feb 12 (Reuters): Gold edged lower on Monday due to an uptick in the dollar, although prices were stuck in a tight range as investors looked forward to US inflation data and comments from Federal Reserve officials this week.Spot...

Energy security is a global responsibility

2024-02-13 00:00:00

RIYADH, Feb 12 (Arab News): Achieving global power security is everyone's responsibility, according to Saudi Energy Minister Prince Abdulaziz bin Salman. Speaking at the International Petroleum Technology Conference in Dhahran on Feb. 12, the minister said that the Kingdom is...

Aramco eyes production of all energy sources, CEO says

2024-02-13 00:00:00

RIYADH, Feb 12 (Arab News): Saudi Arabian Oil Co. is eyeing for continuity in the production of all types of energy including oil and gas, along with renewables, its CEO said. Speaking at the International Petroleum Technology Conference in Dhahran...

A collaborative endeavour for sustainable plant health

2024-02-13 00:00:00

The CABI PW+ National Forum 2024 held on Monday in Dhaka brought together key stakeholders, government officials, and experts to discuss and strategise enhancing plant health for sustainable agriculture in the region, says a press release.The event commenced with opening...

Oil prices slip after rally last week on Middle East, tight supply

2024-02-13 00:00:00

LONDON, Feb 12 (Reuters/Arab News): Oil prices slipped on Monday as investors indulged in some profit-taking after both benchmarks ended last week about 6 per cent higher on Middle East tensions and as refining outages squeezed refined products markets. Brent...

Mohammedan face Abahani for Group B title today

2024-02-13 00:00:00

Two traditional rivals--holders Dhaka Mohammedan SC and runners up Dhaka Abahani Limited --will battle with each other today (Tuesday) for the Group B title of the 35th Federation Cup Football Tournament, reports UNB.The match will kick-off at 3 pm at...

'Dhaka Mayor Cup-2024'

2024-02-13 00:00:00

Minister of Local Government and Rural Development & Co-operatives Md. Tazul Islam, MP, inaugurating the 4th DSCC Inter Ward Sports Tournament titled 'Dhaka Mayor Cup-2024' at Bir Shrestha Shaheed Shipahi Mostafa Kamal Stadium, Kamalapur in the city recently. Modhumoti Bank...

New Zealand focus on process ahead of 2nd South Africa Test

2024-02-13 00:00:00

New Zealand could hardly not be confident of sealing their first series triumph over South Africa in 72 years of trying when they take to the field at Hamilton's Seddon Park for the second Test today (Tuesday), reports Reuters.The Black...

Marathon world record holder Kiptum dies in road accident

2024-02-13 00:00:00

NAIROBI, Feb 12 (Reuters): Kenya's marathon world record holder Kelvin Kiptum and his coach were killed in a traffic accident in the Rift Valley on Sunday, cutting short the career of the only man to have run the endurance classic...

Argentina knock Brazil out of race to Paris Olympics

2024-02-13 00:00:00

CARACAS, Feb 12 (AP): Brazil will not defend its Olympic men's soccer title in Paris after losing 1-0 to its regional rival Argentina on Sunday.In the decisive South American Olympic qualifier, Luciano Gondou scored the winner for the Argentina under-23...

Najmul Hossain Shanto named Tigers' captain in all formats

2024-02-13 00:00:00

Najmul Hossain Shanto has been appointed as Bangladesh's captain in all three formats. Shanto has been handed the reigns for a year, according to Bangladesh Cricket Board (BCB) president Nazmul Hassan, report agencies. The news comes as a surprise at...