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Retail investors to get burnt by overvalued Legacy Footwear after rollout of new shares

MOHAMMAD MUFAZZAL | 2023-09-13 00:00:00

Retail investors, who jumped on Legacy Footwear after the April announcement that new shares would be issued, got it all wrong. Though the disclosure said shares would be distributed among "existing shareholders", it was clear by the time that general...

Daraz kicks off new campaign

2023-09-13 00:00:00

With the slogan 'Eita, Oita, Jeita Lage, Shobee Kinun Daraz-e', Daraz Bangladesh, the country's largest online marketplace, kicked off its anniversary campaign titled 'NoyEr Ullash' on Tuessday. Tailored exclusively for the customers, the campaign will continue until September 24, says...

bKash campaigns win 7 accolades at 'Commward 2023'

2023-09-13 00:00:00

Different advertising and creative campaigns of bKash, the country's largest mobile financial services (MFS) provider, won seven awards, including three golds at the 12th Commward 2023 organised by Bangladesh Brand Forum, says a press release.The Commward is known for being...

Retail price of potato should be Tk 36 per kg: DNCRP

FE REPORT | 2023-09-13 00:00:00

Terming the present potato pricing both unreasonable and unethical, the state-run DNCRP said the maximum retail price (MRP) of the produce should be Tk 36 per kilogram.The Directorate of National Consumer Rights Protection (DNCRP) will launch a drive in the...

China co to invest $12.2m in Adamjee EPZ to produce garments accessories

2023-09-13 00:00:00

Cherry Button Limited, a Chinese company, will set up a garments accessories manufacturing industry in Adamjee EPZ with an investment of US$ 12.2 million, reports BSS.The company signed an agreement to this end with Bangladesh Export Processing Zones Authority (BEPZA)...

CEAB announces eight branches to boost Chinese investment in BD

FE REPORT | 2023-09-13 00:00:00

In a major development, the Chinese Enterprises Association in Bangladesh (CEAB) - a platform comprising over 270 Chinese companies - has announced the establishment of eight dedicated branches to facilitate Chinese investment and development in Bangladesh.Commenting on the issue, Mr...

US adds 6.4 GW of small-scale solar capacity in 2022

2023-09-13 00:00:00

The US is estimated to have added 6.4 gigawatts (GW) of small-scale solar capacity in 2022, the most ever in a single year, the US Energy Information Administration (EIA) said on Monday.The capacity of small-scale solar increased from 7.3 GW...

US, S Arabia in talks to secure metals in Africa

2023-09-13 00:00:00

The United States and Saudi Arabia are in talks to secure metals in Africa needed to help them with their energy transitions, according to a Wall Street Journal report published on Sunday, reports Reuters.A state-backed Saudi venture would buy stakes...

Gold slips to over two-week low as stronger dollar dents appeal

2023-09-13 00:00:00

Gold prices slipped to a more than two-week low on Tuesday, weighed down by an uptick in the dollar ahead of widely watched US inflation print that could provide more clarity on the Federal Reserve's interest rate trajectory, reports Reuters.Spot...

Emirates Airlines to resume flights to Nigeria

2023-09-13 00:00:00

ABUJA, Sept 12 (Reuters): Emirates Airlines will resume immediate flight schedules to Nigeria and lift a visa ban on Nigerian travellers, following a meeting between the leaders of the two countries, the Nigerian presidency said on Monday.President Bola Ahmed Tinubu...

Oil prices spike on tight supplies

2023-09-13 00:00:00

LONDON, Sept 12 (Reuters): Oil prices rose about 1 per cent on Tuesday, boosted by a tighter supply outlook, and as producer group OPEC said major economies were faring better than expected despite rising interest rates.November Brent crude futures rose...

Four held with 52kg ganja in Rajshahi

2023-09-13 00:00:00

RAJSHAHI, Sept 12 (BSS): A police team of Detective Branch (DB) has arrested four alleged drug peddlers with 52 kilograms of ganja from Chapel area in the district.The arrestees are Muhammad Jamil, 34, Sakib Islam, 21, Tamim Mian, 19, and...

Three killed in Cumilla road crash

2023-09-13 00:00:00

CUMILLA, Sept 12 (UNB): Three people were killed as a bus knocked them down on Dhaka-Chattogram highway in Chandina upazila of Cumilla district on Tuesday morning.The dead are Alamgir Hossain, 45, Abul Kalam and Baharam.Md Mamun, in-charge of Illiotganj highway...

Halda River, country's lone natural fish breeding ground

2023-09-13 00:00:00

By placing fine nets, an influential quarter is catching brood fish from the Halda River, country's lone natural fish breeding ground, jeopardising existence of the indigenous sweet-water fish varieties like rui, catla, mrigal and kalibaus. There is hardly any effective...

IU issues open notice to seek info on ragging incident

2023-09-13 00:00:00

ISLAMIC UNIVERSITY, Sept 12 (UNB): The authorities of Islamic University (IU) in Kushtia have issued an 'open notice' for all of its students with a view to gathering information regarding the recent ragging incident allegedly by a group of students...

'Good aquaculture practices vital to boost fish exports'

2023-09-13 00:00:00

RAJSHAHI, Sept 12 (BSS): Speakers at a function in Rajshahi have stressed the need for proper aquaculture practices to boost safe and export quality freshwater fish production in the region. They said fish growers, traders, feed manufactures, sellers and others...

Country's second largest Novo Theatre awaits inauguration in Rajshahi

OUR CORRESPONDENT | 2023-09-13 00:00:00

RAJSHAHI, Sept 12: Newly-constructed Bangabandhu Sheikh Mujibur Rahman Novo Theatre, the country's second largest one, is awaiting inauguration in Rajshahi. Public Works Department (PWD) has completed the work of the project with modern technology in July.The officials concerned are expecting...

Babar Azam crowned ICC Men's Player of the Month

2023-09-13 00:00:00

DUBAI, Sept 12 (Geo Tv): Pakistan skipper Babar Azam was declared on Tuesday the ICC Men's Player of the Month for the third time, winning the award for the month of August 2023. Holding the top spot in the MRF...

Portugal enjoy record win over Luxembourg

2023-09-13 00:00:00

BARCELONA, Sept 12 (AFP): Bruno Fernandes ran the show for Portugal as they romped to a record 9-0 win over Luxembourg Monday without suspended talisman and all-time top goalscorer Cristiano Ronaldo.Roberto Martinez's side have now won all six of their...

Everton close to being sold to American investment firm

2023-09-13 00:00:00

Premier League strugglers Everton are close to being sold to Miami-based investment firm 777 Partners, according to BBC Sport.The financially-stricken Toffees resumed discussions with the American company after talks with MSP Sports Capital collapsed in August.The takeover will bring to...

Kohli-Sharma fastest pair to complete 5000 runs in ODIs

2023-09-13 00:00:00

India's star duo of Virat Kohli and Rohit Sharma became the fastest pair to complete 5000 runs in One Day Internationals (ODIs) during the Asia Cup Super Four's match against Sri Lanka at Colombo's R. Premadasa Stadium on Tuesday, according...

Pogba likely to face ban of up to four years after failing drug test

2023-09-13 00:00:00

MILAN, Sept 12 (Agencies): Once the most expensive footballer in the world, France star Paul Pogba could be banned from football for up to four years after testing positive for testosterone.The Juventus midfielder has been provisionally suspended following a random...

Bangladesh lose to Philippines

2023-09-13 00:00:00

Bangladesh completed their assignments in the four-team Group H of the AFC U-23 Asian Cup Qualifiers in empty hand losing to the Philippines by O-1 goal in the last match at the Chonburi Stadium in Thailand on Tuesday, reports UNB.With...

News in Brief-(2023-09-13)

2023-09-13 00:00:00

Election conspiracy case: Trumpasks for recusal of judgeWASHINGTON, Sept 12: Former US president Donald Trump filed a motion on Monday seeking the recusal of the judge who is to preside over his historic trial for conspiring to overturn the 2020...

Storms claim seven lives in southern China

2023-09-13 00:00:00

BEIJING, Sept 12 (AP): Rainstorms battering southern China have killed at least seven people and allowed dozens of crocodiles to escape from a farm.Nearby residents were advised to stay at home after more than 70 crocodiles escaped in Maoming, a...

Hundreds of trucks, travellers stranded

2023-09-13 00:00:00

TORKHAM, Sept 12 (AFP): Hundreds of trucks and travellers were stranded Tuesday on the Afghanistan-Pakistan border, a week into the closure of the nations' busiest crossing after a gunfight erupted across the frontier.Islamabad and Kabul have been in diplomatic deadlock...

Female surgeons sexually assaulted while operating

2023-09-13 00:00:00

LONDON, Sept 12 (BBC): Female surgeons say they are being sexually harassed, assaulted and in some cases raped by colleagues, a major analysis of NHS staff has found. BBC News has spoken to women who were sexually assaulted in the...

US, Iran swap prisoners, $66 frozen funds

2023-09-13 00:00:00

WASHINGTON, Sept 12 (AFP): The United States confirmed Monday it had signed off on the transfer of $6 billion in frozen Iranian funds from South Korea, paving the way for five US citizens to leave Tehran.The archenemies announced last month,...

Kim in Russia for Putin talks

2023-09-13 00:00:00

MOSCOW, Sept 12 (AFP): North Korean leader Kim Jong Un arrived in Russia Tuesday ahead of a meeting with President Vladimir Putin that the United States has warned could see an arms deal to support Moscow's assault on Ukraine.Making a...

A letter to Dhaka's endeared coffee shops

TAHSEEN NOWER PRACHI | 2023-09-13 00:00:00

A coffee shop - the place of endless stories, solo or groups. A place that comes into one's mind for first dates or the last minute data entry, brewing a new business or rapidly drafting the pending presentation, or just...