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NSU clinches one of top spots in BD

2023-10-06 00:00:00

North South University (NSU) has been recognised as one of the top universities in Bangladesh, as revealed by the esteemed Times Higher Education World University Rankings 2024, says a statement. The announcement was made recently at the University of Sydney,...

Rajshahi city experiences highest rainfall in 10 yrs

2023-10-06 00:00:00

RAJSHAHI, Sep 05 (UNB): Rajshahi city has witnessed its 10-year's highest rainfall that inundated various important parts of the city and caused suffering to its dwellers.The Rajshahi met office recorded 245.8 mm of rainfall in 24 hours from 1:00 pm...

President calls for making teaching method int’l standard

2023-10-06 00:00:00

President Mohammed Shahabuddin on Thursday stressed the need for taking necessary steps to make the teaching method international standard so that students can move forward successfully in the global competition, reports UNB.Curriculum and teaching methods are constantly changing due to...

Strategic partnerships within S Asia can create 'peaceful region', says Momen

2023-10-06 00:00:00

SYLHET, Oct 05 (UNB): Foreign Minister Dr AK Abdul Momen on Thursday said collaboration among neighbours in South Asia through strategic partnership for shared peace and stability can help establish a peaceful region. "When we think of shared prosperity, we...

Decentralisation brings immigration clearance closer to migrant workers

ARAFAT ARA | 2023-10-06 00:00:00

Migrant workers will soon be able to get immigration clearance from district manpower offices as the government is going to decentralise this service from next month, officials said.Immigration clearance is a mandatory process that workers have to go through while...

Two jailed for life in drug trafficking case

2023-10-06 00:00:00

NATORE, Oct 05 (UNB): A Natore court sentenced two people, including a woman, to life imprisonment in a case filed for trafficking heroin, on Thursday. Natore Senior District and Sessions Judge Md Sharif Uddin passed the order in the presence...

Australia's Greens party MPs want free, fair polls in BD

2023-10-06 00:00:00

Fifteen MPs from Australia's opposition Greens party have written a letter to the Australian prime minister seeking specific steps including help to supervise and conduct free and fair elections in Bangladesh, reports UNB. In the letter written to Australian Prime...

Wasn't wrong when I said a lot going on behind scenes: Quader

2023-10-06 00:00:00

Road Transport and Bridges Minister and Awami League General Secretary Obaidul Quader on Thursday said that he was not wrong when he said "a lot is going on behind the scenes." He said this while exchanging views with journalists at...

Hasina returns empty-handed from US, says Fakhrul

2023-10-06 00:00:00

CUMILLA, Oct 05 (UNB): BNP Secretary General Mirza Fakhrul Islam Alamgir on Thursday said that Prime Minister Sheikh Hasina returned home empty-handed from the United States."Sheikh Hasina came back from America empty-handed. She put in much effort to cancel the...

Evergrande crisis tests China’s fallout management

2023-10-06 00:00:00

HONG KONG, Oct 05 (Reuters): As developer China Evergrande Group lurched from one crisis to another over the past two years, Beijing avoided directly intervening to rescue what was not too long ago considered one of the country's "too big...

Annual Sales & Marketing Conference-2023 of Kohinoor Chemical Company

2023-10-06 00:00:00

The Annual Sales & Marketing Conference-2023 of Kohinoor Chemical Company (Bangladesh) Ltd. was held at a hotel in Cox's Bazar on Tuesday. The members of Sales & Marketing Division who achieved the sales target for financial year 2022-23 were awarded...

UK asks for antitrust probe into Amazon, Microsoft cloud dominance

2023-10-06 00:00:00

LONDON, Oct 05 (Reuters): Britain's media regulator on Thursday asked the country's antitrust authority to investigate US tech giants Amazon and Microsoft's dominance of the UK cloud market.Ofcom said it had identified features that made it more difficult for UK...

Major Gulf markets fall on US rate concerns

2023-10-06 00:00:00

Major stock markets in the Gulf fell in early trade on Thursday amid concerns about the Federal Reserve's interest rate path, with the Qatari index on course to post second weekly loss, reports Reuters.Hawkish rhetoric by the Fed and signs...

Bond vigilantes circle battered US Treasury market

2023-10-06 00:00:00

NEW YORK, Oct 5 (Reuters): Bond investors' rising concerns around US government spending and its ballooning budget deficit are contributing to a steep sell-off that has pushed Treasury prices to 17-year lows.So-called bond vigilantes - investors who punish profligate governments...

Indian IT firms set for ‘washout’ year, focus now on 2025: J.P.Morgan

2023-10-06 00:00:00

BENGALURU, Oct 5 (Reuters): J.P.Morgan analysts expect investors to parse upcoming second-quarter results and commentary from Indian IT companies for signs of recovery in deal signings in fiscal 2025 following a "washout" year."We remain negative on the sector as we...

Global stocks edge higher but oil sinks

2023-10-06 00:00:00

LONDON, Oct 5 (AFP): Asian and European stocks rose Thursday after modest Wall Street gains as investors kept a wary eye on US bond yields, while oil sank further on stubborn demand fears.Markets were rocked earlier this week as robust...

367th board meeting of SJIBL held

2023-10-06 00:00:00

The 367th meeting of the board of directors of Shahjalal Islami Bank Limited (SJIBL) was held at the corporate head office of the bank on Wednesday. The meeting was presided over by the Chairman of the board of directors Mohammed...

Southeast Bank conducted 3rd quarter "Business Review Meeting- 2023"

2023-10-06 00:00:00

Southeast Bank Limited has conducted its 3rd quarter "Business Review Meeting- 2023" recently. Nuruddin Md Sadeque Hossain, managing director of the bank, presided over the conference. Senior executives from the head office, head of branches, sub-branch in-charges and heads of...

Walton starts exporting PCB to Greece

2023-10-06 00:00:00

Walton Digi-Tech Industries Limited, the sole Printed Circuit Board (PCB) manufacturer in Bangladesh, has started exporting the component abroad, said a press release. Walton has exported 10,000 pieces of 'Made in Bangladesh' tagged PCB manufactured entirely in its own state-of-the-art...

Why investors should hold expectation low from merger between RN Spinning & Samin Food

FARHAN FARDAUS | 2023-10-06 00:00:00

Non-functional RN Spinning Mills received the regulator's approval for merger with a non-listed sister concern, but the benefit investors will get out of it is questionable. RN Spinning Mills has been counting losses since 2019 as a fire incident forced...

City Bank wins ADB's award for 5th time

FE DESK | 2023-10-06 00:00:00

City Bank has been named the 'Leading Partner Bank in Bangladesh' at the 'Trade and Supply Chain Finance Program (TSCFP) Awards 2023' organised by the Asian Development Bank (ADB). The award came in recognition of City Bank being the most...

Dhaka bourse closes flat, with lowest turnover in a month

FE REPORT | 2023-10-06 00:00:00

The Dhaka bourse on Thursday experienced one-month low participation from investors as most of them refrained from making fresh investments amid persistent market volatility. The Dhaka Stock Exchange (DSE) posted a turnover of Tk 3.89 billion, the lowest since October...

ADN Telecom gains record profit, helped by new products

FE REPORT | 2023-10-06 00:00:00

ADN Telecom earned record profit in FY23 as recent investments started bearing fruit. The IT firm reported Tk 258.60 million in profit for the year, a 54.3 per cent increase from the previous fiscal year, according to the Dhaka Stock...

Saudi minister visits Austria to bolster economic ties

2023-10-06 00:00:00

RIYADH, Oct 05 (Arab News): Saudi Arabia's trade relations with Austria are poised for growth after the Kingdom's minister of Economy and Planning held high-level meetings during his visit to the European country. Faisal bin Fadel Al-Ibrahim, who visited Vienna...

Philippine govt pledges action on high food prices

2023-10-06 00:00:00

MANILA, Oct 05 (AFP): High food prices in the Philippines have pushed inflation to a five-month peak, officials said Thursday, increasing pressure on the government to stop the country's neediest going hungry.Farming subsidies and food stamps for the poor are...

Sri Lanka cuts interest rates as IMF delays loan

2023-10-06 00:00:00

COLOMBO, Oct 05 (AFP): Crisis-hit Sri Lanka cut interest rates by 100 basis points Thursday as the second instalment of an IMF bailout was held up after the government missed several loan conditions.The Central Bank of Sri Lanka (CBSL) said...

Iraq to end all dollar cash withdrawals by January

2023-10-06 00:00:00

BAGHDAD, Oct 05 (Arab News): Iraq will ban cash withdrawals and transactions in US dollars as of Jan. 1, 2024, in the latest push to curb the misuse of its hard currency reserves in financial crimes and the evasion of...

IMF, WB to tackle climate goals among reforms at annual meets

2023-10-06 00:00:00

WASHINGTON, Oct 05 (AFP): The World Bank (WB) and International Monetary Fund (IMF) will tackle the thorny issue of institutional reform at their upcoming annual meetings in Morocco next week.The two international financial institutions are looking to scale up and...

VinFast's Q3 revenue more than doubles

2023-10-06 00:00:00

Vietnamese electric-vehicle (EV) maker VinFast on Thursday reported a 159% rise in third-quarter revenue as it ramped up car deliveries and sought to boost sales by partnering with dealers in the United States, reports Reuters.In the filing, VinFast also said...

Shimanto Bank inks MoU with DU

2023-10-06 00:00:00

Shimanto Bank signed an MoU with Student Promotion and Support Unit of Dhaka University (DU) at the Teacher & Student Centre (TSC) on the university campus recently. Under this MoU, DU students will get the opportunity to participate in various...