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102 NGO MFIs out of 750 fail to submit annual financial reports

2024-02-03 00:00:00

Ismail Hossain Some 102 nongovernmental organisation (NGO) microfinance institutions (MFIs) of the total 750 have failed to submit their annual audited financial reports for 2022-23 to the regulator even after four months have passed since the September deadline.Both the MFIs...

Ex-lawmaker Shamsul Haque passes away

2024-02-03 00:00:00

CHANDPUR, Feb 02 (UNB): Former Awami League MP from Chandpur-4 (Faridganj) and former district Awami League president Dr Shamsul Haque Bhuiyan passed away at a private hospital in Dhaka on Friday morning.He is survived by his wife, three sons and...

ITU secy gen greets Hasina

2024-02-03 00:00:00

International Telecommunication Union (ITU) Secretary General Doreen Bogdan-Martin has congratulated Prime Minister Sheikh Hasina on her re-election as Prime Minister of Bangladesh, reports BSS.The Secretary General wrote to offer her most sincere congratulations on Sheikh Hasina's re-election as Prime Minister...

Bangladesh Nagarik Oikya convener Mahmudur Rahman Manna speaking at a sit-in programme

2024-02-03 00:00:00

Bangladesh Nagarik Oikya convener Mahmudur Rahman Manna speaking at a sit-in programme demanding the release of all political prisoners, including BNP chairperson Khaleda Zia, at the National Press Club in the city on Friday — Focus Bangla

Sagar-Runi murder probe to continue until real culprits netted: Anisul

2024-02-03 00:00:00

Law, Justice and Parliamentary Affairs Minister Anisul Huq on Friday said the investigation into the journalist couple Sagar-Runi murder case will continue until the real criminals are identified and detained, reports BSS."I feel sad actually, even if I say something...

Raushan-led faction occupies JP office, holds media briefing

2024-02-03 00:00:00

Supporters of Raushan Ershad have held a media briefing after occupying the Jatiya Party's headquarters in Dhaka's Kakrail for around one and a half hours, reports bdnews24.com.Around 50 party members, led by Kazi Mamunur Rashid, the acting secretary general of...

Govt worried about price hike, not BNP: Quader

2024-02-03 00:00:00

Awami League (AL) General Secretary Obaidul Quader on Friday said the government is not worried about what BNP says over the last general polls but it is concerned about the price hike of essential commodities, reports BSS."There is volatility in...

Vietnamese PM invites Hasina to visit Hanoi

2024-02-03 00:00:00

Vietnamese Prime Minister (PM) Pham Minh Chinh has invited his Bangladesh counterpart Sheikh Hasina to pay an official bilateral visit to Hanoi, reports BSS.The formal invitation was handed over to Foreign Minister Dr Hasan Mahmud by his Vietnamese counterpart Bui...

Statement of Russian envoy unwanted: BNP

2024-02-03 00:00:00

FE REPORTThe Bangladesh Nationalist Party (BNP) terms the statement of Russian ambassador Alexander Mantytskiy on the January 07 election 'unwanted and unexpected'.BNP senior joint secretary general Ruhul Kabir Rizvi made the comments in a statement issued on Friday."The comments made...

US approves $4b drone deal for India

2024-02-03 00:00:00

WASHINGTON, Feb 2 (AFP): The United States on Thursday approved a $4 billion sale of state-of-the-art drones to India.The sale marks a milestone in Indian purchases of American weapons after New Delhi's historic reliance on weapons from Russia, which have...

European governments may 'regret' support for protesting farmers

2024-02-03 00:00:00

WASHINGTON, Feb 2 (AFP): European governments should resist calls for greater financial support from protesting farmers across the continent, or they could come to regret it, IMF managing director Kristalina Georgieva said Thursday.Farmers from Germany, France, Italy, Belgium and Greece...

Central banks should not rush into rate cuts: IMF

2024-02-03 00:00:00

WASHINGTON, Feb 2 (AFP): The IMF sees a greater risk to the global economy if central banks start cutting interest rates too soon than if they move "slightly" too late, Managing Director Kristalina Georgieva said Thursday.The US Federal Reserve, the...

China economic slowdown to persist thru’ 2028

2024-02-03 00:00:00

BEIJING, Feb 02 (AFP): China's economic slowdown is likely to persist in the coming years as the Asian giant struggles with sagging productivity and a rapidly aging population, the International Monetary Fund (IMF) said Friday.The world's second-largest economy last year...

ICC Bangladesh organised a day-long Workshop on ‘Settlement of Documentary Credit Disputes

2024-02-03 00:00:00

ICC Bangladesh organised a day-long Workshop on ‘Settlement of Documentary Credit Disputes through ADR: Review of ICC Arbitration & DOCDEX Cases’ in Chattogram recently. A total of 67 participants from 26 banks attended the workshop. ICCB Secretary General Ataur Rahman,...

Installation of 0.1m more prepaid meters starts in Ctg

2024-02-03 00:00:00

CHATTOGRAM, Feb 2 (BSS): State-owned Karnaphuli Gas Distribution Company Limited (KGDCL) is installing prepaid meters for 0.1 million more residential customers in the city and in different upazilas of the district at a cost of Tk 2.91 billion.Talking to the...

Global equity funds draw inflows amid economic optimism

2024-02-03 00:00:00

Global equity funds attracted substantial inflows in the week to Jan. 31, driven by upbeat US economic growth data, and inflation readings showing a continued moderation in price pressures.According to data from LSEG, global equity funds secured a net $7.43...

Asian shares rally on US tech bounce

2024-02-03 00:00:00

SYDNEY, Feb 2 (Reuters): Asian shares were buoyed by a late bounce in US tech on Friday as results from Meta and Amazon beat expectations, while investors are bracing for US jobs figures, which could hasten bets for rate cuts...

Athens airport IPO attracts strong demand after two-yr lull in Europe

2024-02-03 00:00:00

ATHENS, Feb 2 (Reuters): The initial public offering of a 30 per cent stake in Athens International Airport, Greece's largest gateway for tourists, attracted strong demand, the airport said on Friday, marking the first successful launch of a major IPO...

Asiatic Lab's IPO opens tomorrow

FE REPORT | 2024-02-03 00:00:00

The initial public offering (IPO) of Asiatic Laboratories will open for subscription tomorrow (Sunday), aiming to raise Tk 950 million from the primary market under the book-building method.The subscription period ends on February 8, according to Dhaka Stock Exchange.To subscribe...

Stocks rebound on earnings optimism

FE REPORT | 2024-02-03 00:00:00

The benchmark equity index rebounded in the outgoing week from a sharp fall in the previous week, as bargain hunters snapped up lucrative stocks that saw deep correction following the floor price removal.Higher-than-expected quarterly earnings of some companies and lucrative...

The Assumption University Alumni Association of Bangladesh (AUAAB)

2024-02-03 00:00:00

The Assumption University Alumni Association of Bangladesh (AUAAB) hosted a reception to State Minister for Commerce Ahsanul Islam Titu, a distinguished alumnus, at a city hotel on Wednesday.

India's April-Dec steel imports hit five-year high as demand soars

2024-02-03 00:00:00

NEW DELHI, Feb 2 (Reuters): India's steel imports touched a five-year high in the first nine months of the fiscal year to the end of March, turning the country into a net importer of finished steel, according to provisional government...

Ryanair Q3 profit dives 93pc on higher fuel cost

2024-02-03 00:00:00

LONDON, Feb 2 (AFP): Irish no-frills airline Ryanair said net profit dived 93 percent in its third quarter as higher fuel costs offset rising revenues, resulting in a lower full-year earnings forecast.The carrier, which flies mostly throughout Europe, said net...

US thermal coal exports hit 5-year highs and top $5 bln in 2023: Maguire

2024-02-03 00:00:00

LITTLETON (Colorado), Feb 2 (Reuters): United States exporters of thermal coal earned more than $5 billion in 2023 as they shipped out more than 32.5 million metric tons of the high-polluting power fuel, data from ship-tracking firm Kpler shows.The thermal...

Russian tycoon sells Polymetal stake to Omani-owned consortium

2024-02-03 00:00:00

MOSCOW, Feb 2 (Reuters): Investment company ICT Holding, owned by Russian businessman Alexander Nesis, has sold its 23.9 per cent stake in gold and silver producer Polymetal International to a consortium led by the Omani government, Polymetal said in a...

Gold drops as dollar, yields rise on stronger US jobs data

2024-02-03 00:00:00

Gold prices slipped on Friday as the dollar and yields jumped following a strong U.S. nonfarm payrolls report, which created some uncertainty about whether the Federal Reserve might start cutting interest rates soon, reports Reuters.Spot gold was down 0.9% to...

Oil prices gain after OPEC+ maintains output cuts

2024-02-03 00:00:00

SINGAPORE, Feb 2 (Reuters): Oil prices rose in early trade on Friday following a decision by OPEC+ to keep its oil output policy unchanged, clawing back some losses from the previous trading session triggered by unsubstantiated ceasefire reports between Israel...

Our Days

IG Chowdhury | 2024-02-03 00:00:00

Elon Musk is said to have a list of books that influenced him most. Such a list can be helpful in two ways: one, to understand the person and, two, to find names that may have escaped one's reading habit....

Why businesses need procurement specialist

Md Munirul Islam | 2024-02-03 00:00:00

Procurement practices have been existing for thousands of years. This practice dates back to as early as 3000 BC. In Egypt, during pyramid design, papyrus was used to record the amount of labour and materials needed for construction. Ancient Romans...

Language and interaction between man and animal

Nilratan Halder | 2024-02-03 00:00:00

If language is an expert way of producing meaningful sounds out of the vocal cord, the human species has perfected the art at its most efficient. Other species---birds and animals---lag behind but it would be foolish to subscribe to the...