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252 films being screened at Dhaka Int’l Film Festival

2024-01-22 00:00:00

The 22nd edition of Dhaka International Film Festival (DIFF) was inaugurated on Saturday with 252 films from 74 countries - chorusing the slogan 'Better Films, Better Audience, Better Society', reports UNB.Finance Minister Abul Hasan Mahmud Ali inaugurated the festival as...

Complaints galore about abuse of online land services

SAJIBUR RAHMAN | 2024-01-22 00:00:00

An internally-acclaimed latest system of digital land services like registration, mutation and tax payment is being allegedly abused by rent-seeking nexuses in and around land-management offices across Bangladesh. The tip of the iceberg showed up during a spot probe by...

UN chief appreciates Hasina's leadership

2024-01-22 00:00:00

United Nations Secretary General Antonio Guterres has praised Prime Minister Sheikh Hasina for championing a number of UN-led global processes and commended her leadership, reports UNB.Foreign Minister Hasan Mahmud met him on Sunday afternoon on the sidelines of the third...

HC orders lower court to hear bail petitions of Abbas, Annie

2024-01-22 00:00:00

The High Court on Sunday ordered Dhaka Chief Metropolitan Magistrate Court to hold hearings on the bail petitions of BNP standing committee member Mirza Abbas and its Publicity Secretary Shahid Uddin Chowdhury Annie in separate cases over October 28 violence,...

EC unveils draft list of voters with 2,08m new

2024-01-22 00:00:00

The Election Commission (EC) has published the draft updated list of total 12,17,75,450 voters as the final list will be published on March 2, reports UNB.Of the voters, 6,20,90,137 are male, 5,96,84,389 female and third gender 924.EC's Additional Secretary Ashok...

Govt desperate for global support after January 7 election: BNP

FE REPORT | 2024-01-22 00:00:00

Bangladesh Nationalist Party (BNP) said on Sunday that the government is now pursuing foreign countries' support after the election mired with controversy held on January 7.Senior Joint Secretary General of BNP Ruhul Kabir Rizvi came up with the comment at...

Govt not waiting for anyone's recognition, says Quader

2024-01-22 00:00:00

In an address on Sunday at the Awami League President's office in Dhanmondi, Dhaka, General Secretary of the party and Road Transport and Bridges Minister, Obaidul Quader, dismissed the notion that the government is desperate for validation. "There's no reason...

US drillers add oil and gas rigs for first time in three weeks -

2024-01-22 00:00:00

US energy firms this week added oil and natural gas rigs for the first time in three weeks, energy services firm Baker Hughes said in its closely followed report on Friday, reports Reuters.The oil and gas rig count, an early...

Vietnam-Europe air shipments surge amid Red Sea disruptions

2024-01-22 00:00:00

SEOUL, Jan 21 (Reuters): An unseasonal surge in air cargo on a key clothing export route from Vietnam to Europe indicates shippers are turning to more expensive air freight as shipping is disrupted by attacks on vessels in the Red...

China 2023 soybean imports from Brazil rise 29pc, US share shrinks

2024-01-22 00:00:00

BEIJING, Jan 21 (Reuters): China's soybean imports from Brazil in 2023 jumped 29 per cent from the prior year, customs data showed on Saturday, expanding the South American grower's dominance in the world's largest soybean market and eating into the...

China defies sanctions to make Russia its biggest oil supplier in 2023

2024-01-22 00:00:00

BEIJING, Jan 21 (Reuters): Russia leapfrogged Saudi Arabia to become China's top crude oil supplier in 2023, data showed on Saturday, as the world's biggest crude importer defied Western sanctions to purchase vast quantities of discounted oil for its processing...

Musk denies report his AI company secures $500m toward $1 billion funding goal

2024-01-22 00:00:00

Elon Musk has said a report that his artificial intelligence (AI) company, xAI, has secured $500 million in commitments from investors toward a $1 billion goal is inaccurate, reports Reuters."This is simply not accurate," he said in a reply to...

The S&P 500's wild ride to an all-time high

2024-01-22 00:00:00

NEW YORK, Jan 21 (Reuters): Hopes for lower interest rates and resilient growth in 2024 took the S&P 500, opens new tab stock index to a record high on Friday, after two roller-coaster years featuring soaring inflation, tumult in the...

ICICI Bank beats quarterly estimates

2024-01-22 00:00:00

MUMBAI, Jan 21 (Reuters): India's ICICI Bank reported a better-than-expected third-quarter profit on Saturday, helped by robust loan growth, although its net interest margin (NIM) shrank for the fourth straight quarter.The country's second-biggest private bank reported a record high standalone...

Ford cuts F-150 Lightning truck production

2024-01-22 00:00:00

WASHINGTON, Jan 21 (Reuters): Ford Motor, said on Friday it would reduce production of its F-150 Lightning pickup truck, as demand for electric vehicles (EVs) has been lower than expected.The No. 2 US automaker said it would cut production at...

IMF approves $600 million funding to support Ghana’s economic recovery

2024-01-22 00:00:00

ACCRA, Jan 21 (Xinhua): Ghana has secured 600 million US dollars in funding from the International Monetary Fund (IMF) as part of a 3-billion-dollar bailout program, the government announced late Friday.The IMF's decision came after Ghana clinched a deal with...

Reliance Industries posts Q3 revenue just shy of estimates

2024-01-22 00:00:00

BENGALURU, Jan 21 (Reuters): Reliance Industries' third-quarter revenue came in slightly below estimates on Friday due to lower price realisation on its refined products and the planned shutdown of some units at its refinery complex in the western state of...

US banks warn costly deposits to weaken interest income in 2024

2024-01-22 00:00:00

WASHINGTON, Jan 21 (Reuters): Four US banks warned of lower interest income for this year on Friday, capping a week of dour commentary from the industry that has been under pressure from high deposit costs.After more than a year of...

SCB CONGRATULATES HOUSING AND PUBLIC WORKS MINISTER

2024-01-22 00:00:00

A delegation of the Shippers' Council of Bangladesh (SCB) led by its Chairman Md Rezaul Karim paid a courtesy call on Housing and Public Works Minister RAM Obaidul Muktadir Chowdhury at his ministry recently. SCB Senior Vice Chairman Md Ariful...

BKB HOLDS REVIEW MEETING FOR TANGAIL REGION

2024-01-22 00:00:00

Bangladesh Krishi Bank (BKB) held a review meeting with the Branch Managers in its Tangail Chief Region (North and South) at the BURO Bangladesh Auditorium in Madhupur on Saturday. Managing Director of the bank Md Shawkat Ali Khan was present...

AGRANI BANK WORKSHOP -

2024-01-22 00:00:00

A three-day workshop on 'Operation of Islamic Banking' organised by Agrani Bank Training Institute (ABTI) began on Sunday. CEO and Managing Director of Agrani Bank Md Murshedul Kabir inaugurated the workshop while Director of ABTI and Deputy General Manager Md...

JANATA BANK HOLDS ETHICS COMMITTEE MEETING

2024-01-22 00:00:00

A meeting of the Ethics Committee of Janata Bank PLC was held at its head office in the city recently. MD & CEO of the bank Md Abdul Jabbar presided over the meeting. CFO Md Nurul Alam (DMD), among others,...

BREB Chairman Ajay Kumar Chakraborty laid a foundation stone

2024-01-22 00:00:00

Bangladesh Rural Electrification Board (BREB) Chairman Ajay Kumar Chakraborty laid a foundation stone of Electric Vehicle Charging Station at Sonargaon in Narayanganj on Saturday.

ICB distributed blankets among poor in Chattogram's Raujan upazila

2024-01-22 00:00:00

State-owned Investment Corporation of Bangladesh (ICB) on Friday distributed blankets among the poor in Chattogram's Raujan upazila. ICB Board of Directors Chairman Prof Dr Suborna Barua inaugurated the programme at Sukumar Ashutosh Auditorium of West Binajuri High School. Sukumar Barua,...

IFIC Bank hosted a ceremony

2024-01-22 00:00:00

IFIC Bank hosted a ceremony at its headquarters IFIC Tower on Saturday to commend the exceptional academic achievements of its employees' children in SSC, HSC, O-level and A-level examinations. The bank's Managing Director and CEO Shah A Sarwar was present...

Prime Bank and Abedin Equipment signed agreement

2024-01-22 00:00:00

In a move to improve access to finance for agro-machinery dealers, Prime Bank and Abedin Equipment Ltd signed an agreement at the bank's head office recently. The agreement allows Abedin Equipment dealers to avail of mortgage-free overdraft loans of up...

BRAC Bank salutes top women leaders in distribution network achievement

FE DESK | 2024-01-22 00:00:00

BRAC Bank celebrated the achievements of its top-performing female officials in the distribution network at a recent ceremony titled 'Women Warriors: Conquering the Financial Frontier', said a press release. Meheriar M. Hasan, chairperson, and Selim R.F. Hussain, managing director and...

Next 2 weeks crucial for market's retreat to natural course

FARHAN FARDAUS | 2024-01-22 00:00:00

While most stocks experienced corrections on Sunday, as expected after the removal of floor price, the performance of some stocks stood out in signs that the market will soon get back to its natural course. Immediately after the closing of...

Dhaka bourse pulled back by blue chips after massive erosion by two-thirds stocks

BABUL BARMAN | 2024-01-22 00:00:00

The broad index of the Dhaka Stock Exchange (DSE) saw 214 points wiped out in just five minutes as the market opened on Sunday. Though it regained from that level, it settled at 96.50 points, or 1.52 per cent, down...

Grand Finale of 8th Global Student Entrepreneurship Award contest held

FE REPORT | 2024-01-22 00:00:00

The grand finale of 8th Global Student Entrepreneurship Award (GSEA) of Bangladesh Chapter contest for the session of 2023-24 of the Entrepreneurs Organization (EO) was held on Saturday at Lakeshore Hotel in Gulshan, Dhaka. GSEA aims to create a platform...