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Premier Bank won Visa's "Excellence In Consumer Cards - Travel Prepaid" award at Visa Leadership Conclave 2023

2023-10-11 00:00:00

The Premier Bank Limited has won Visa's "Excellence In Consumer Cards - Travel Prepaid" award at the Visa Leadership Conclave 2023 - Towards a Cashless, Smart Bangladesh, recently held in Dhaka. Managing Director and CEO M Reazul Karim received the...

Global economy 'limping along': IMF

2023-10-11 00:00:00

MARRAKECH, Morocco, Oct 10 (Reuters): The International Monetary Fund on Tuesday cut its growth forecasts for China and the euro zone and said overall global growth remained low and uneven despite what it called the "remarkable strength" of the US...

Best holdings' IPO to raise Tk3.5b approved

FE REPORT | 2023-10-11 00:00:00

The stock market watchdog of Bangladesh has approved of Best Holdings' proposal to collect Tk 3.5 billion through an initial public offering. Best Holdings, the owning entity of Le Méridien Dhaka, will invest this money in extending hospitality business outside...

Cos rally while Dhaka bourse's truth-seeking drive puts up signs of warning

BABUL BARMAN | 2023-10-11 00:00:00

An inspection team of the Dhaka Stock Exchange (DSE) found Northern Jute Manufacturing Company shut in a recent visit and disclosed the information to investors through its website repeatedly.They went to the place where the company is located in Kushtia...

Russia surpasses UAE as India's top naphtha supplier

2023-10-11 00:00:00

NEW DELHI, Oct 10 (Reuters): Russia has overtaken the United Arab Emirates (UAE) to become India's top naphtha supplier, data shows, as New Delhi takes advantage of discounted Russian oil products and the re-routing of trade flows in the aftermath...

PepsiCo aims to raise prices on steady demand

2023-10-11 00:00:00

PepsiCo Inc said on Tuesday it planned "modest" price hikes next year as demand held up despite multiple increases that prompted the snacks and beverages giant to raise its 2023 profit forecast for a third straight time, reports Reuters.PepsiCo, which...

Levi’s cuts annual forecasts as wholesale weakness weigh

2023-10-11 00:00:00

Levi Strauss & Co cut its annual forecasts for the second time last week after missing third-quarter sales estimates, reeling from hefty promotions and falling demand at wholesale channels in North America, reports Reuters.Gloomy consumer spending has hit retailers like...

Rising Asia debt levels could temper growth

2023-10-11 00:00:00

MARRAKECH, Morocco, Oct 10 (Reuters): Rising debt levels among "seemingly healthy" countries in Asia could drag growth in the region below currently forecast levels, World Bank Chief Economist Indermit Gill told Reuters in an interview on Monday.Gill said he remained...

Gold rally loses steam as yields edge up

2023-10-11 00:00:00

Gold prices edged down on Tuesday after clocking a sharp rise in the last session as risk sentiment improved and bond yields rebounded, while investors awaited the US inflation data due later this week, reports Reuters.Spot gold climbed to $1,865.19...

Malaysia palm oil stocks hit 11-month high

2023-10-11 00:00:00

KUALA LUMPUR, Oct 10 (Reuters): Malaysia's palm oil stockpiles hit an 11-month high at the end of September, data from the Malaysian Palm Oil Board (MPOB) showed on Tuesday, raising concerns about demand for the commodity.Inventories rose 9.6 per cent...

Oil slips on investor caution as market watches ME turmoil

2023-10-11 00:00:00

HOUSTON, Oct 10 (Reuters): Oil prices oil fell more than $1 a barrel on Tuesday, continuing a slide that began earlier in the day with traders focused on demand levels but still cautious as they watched for potential supply disruptions...

Man shot dead for crashing car into Chinese consulate in US

2023-10-11 00:00:00

NEW YORK, Oct 10 (BBC): San Francisco police have shot and killed a man who crashed his car into the Chinese consulate on Monday. A police statement said the unidentified man was shot after officers arrived at the scene.Footage online...

Biden quizzed in classified docs probe

2023-10-11 00:00:00

WASHINGTON, Oct 10 (AFP): US President Joe Biden has been questioned as part of an investigation into the handling of classified documents found at his home and former private office, the White House said Monday.A furor over the secret papers...

Attack kills 29 displaced people in Myanmar

2023-10-11 00:00:00

BANGKOK, Oct 10 (BBC): At least 29 people, including children, have been killed in an artillery strike on a displaced persons camp in north-east Myanmar, near the Chinese border.The camp is in an area controlled by the Kachin Independence Organisation...

Harvard students hold Israel entirely responsible for unfolding violence

2023-10-11 00:00:00

NEW YORK, Oct 10 (Reuters): Prominent Harvard University alumni on Monday denounced a pro-Palestinian statement from students that blamed Israel for violence engulfing the region and urged the university to take action against the signatories.The Islamist militant Hamas movement, which...

Taiwan seeks 'peaceful coexistence' with China

2023-10-11 00:00:00

TAIPEI, Oct 10 (Reuters): Taiwan seeks "peaceful coexistence" with China with free and unrestricted interaction but the island will be democratic for generations to come, President Tsai Ing-wen said in her last national day speech on Tuesday.Taiwan, claimed by China...

Student lands in child development centre for slapping teacher

2023-10-11 00:00:00

CHUADANGA, Oct 10 (UNB): A Chuadanga court has sent the student of Victoria Jubilee Government High School over slapping a teacher to a government-run Child Development Centre in Jashore.The Chuadanga Women and Children Repression and Prevention Tribunal Judge Musrat Jerin...

Two killed as pick-up van hits truck in N'ganj

2023-10-11 00:00:00

NARAYANGANJ, Oct 10 (UNB): Two fish traders were killed and four others injured as a pickup van carrying them hit a stationary truck on Dhaka-Chattogram Highway at Shimrail intersection in Siddhirganj upazila of Narayaganj on Tuesday.The dead are Rampad Chandra...

Downpours give Rajshahi fish cultivators a heavy blow

OUR CORRESPONDENT | 2023-10-11 00:00:00

RAJSHAHI, Oct 10: Incessant rainfalls for several days have brought the fish farming sector in Rajshahi district to its knee causing extensive losses to those involved in it. Fish from 752 ponds got washed away due to heavy rains, causing...

Gill discharged from hospital, likely to miss India-Pakistan clash

2023-10-11 00:00:00

NEW DELHI, Oct 10 (PTI): India opener Shubman Gill, who is currently down with dengue, was hospitalised in Chennai after his platelet count dropped below 100,000 but has been subsequently released as he still remains a doubtful starter for the...

Bangladesh football team in Maldives

2023-10-11 00:00:00

The Bangladesh National Football Team safely reached the Maldives capital Male on Tuesday afternoon to play the Qualification Round-1 match of the FIFA World Cup 2026 against the hosts, the Maldives, reports UNB.A 32-member Bangladesh football team, without three key...

Cricket set to return to Olympics after 128 yrs

2023-10-11 00:00:00

LONDON, Oct 10 (Agencies): Cricket's long Olympic exile could finally come to an end this week when Games chiefs meet in Mumbai to finalise the programme for Los Angeles 2028.Cricket was played at the Olympics only once, in Paris in...

India take on Afghanistan in World Cup today

2023-10-11 00:00:00

NEW DELHI, Oct 10 (AP): Beating five-time champion Australia in its opening match has given India extra confidence for the rest of the group stage at the Cricket World Cup.The tournament hosts take on Afghanistan on Wednesday in the second...

UK, Ireland to host Euro 2028 as Italy, Turkey awarded Euro 2032

2023-10-11 00:00:00

NYON, Switzerland, Oct 10 (AFP): The United Kingdom and Republic of Ireland will co-host Euro 2028, while Italy and Turkey will be joint hosts of the 2032 tournament, UEFA announced on Tuesday.Both bids ran unopposed but still needed official approval...

Dawid Malan, Kusal Mendis' records in Tuesday's World Cup matches

2023-10-11 00:00:00

England's Dawid Malan became the fastest player to score six One Day International (ODI) centuries. The 36-year-old cricketer etched his name into cricket history with a breathtaking performance against Bangladesh at the HCPA Stadium in Dharamshala, India, on Tuesday.In another...

Staying overnight at a friend's house

MUHAMMAD A. BASHED | 2023-10-11 00:00:00

There are basically two types of people: extroverts and introverts. For extrovert people who love to express their feelings, sleeping over at a friend's house can become a moment of celebration. However, for the introverted ones who wish to stay...

Resolve birth and death registration problems

2023-10-11 00:00:00

Getting birth registration or certificate is a right to every citizen. For a country, it is also very important to keep information about one's birth, death and migration from one area to another. In particular, these certificates are required for...

Self-sufficiency in sugar production

2023-10-11 00:00:00

Sugar market in Bangladesh is still volatile even after fixation of maximum retail price of the commodity by the government. Though the price of loose sugar was fixed at Tk 107 a kilogram and that of packaged sugar at Tk...

Need for boosting skilled workers' migration

Syed Mansur Hashim | 2023-10-11 00:00:00

The year 2023 was supposed to be one of relief for policymakers as record numbers of people went abroad with employment. Data reveal that the nation's overseas employment hit a six-year high as more than 1.1 million people went abroad...

Greening of RMG factories remains unrewarded

Wasi Ahmed | 2023-10-11 00:00:00

Isn't it intriguing that greening the garment factories of the country with huge investment has done little to fetch fair prices compared to many competing countries? A recent report released by the lead think-tank Centre for Policy Dialogue (CPD) finds...