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Tests for cluster-based admission to 24 public universities begin on Mar 8

2024-01-22 00:00:00

The tests for admission to 24 public universities under a cluster-based system will begin on Mar 8 and continue until Apr 27, reports bdnews24.com. The candidates will be able to apply online from Jan 29-Feb 15 for the tests to...

Plot-to-Plot BDS map set to begin in February

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

Land Minister Narayon Chandra Chanda announced on Sunday that the Plot-to-Plot Bangladesh Digital Survey (BDS) map would begin in February. The BDS programme is gaining momentum in the country, according to the minister. He made these remarks while inaugurating the...

Concrete blocks witness robust business growth

SAIF UDDIN | 2024-01-22 00:00:00

Concrete block manufacturing in the country has been witnessing a significant growth in the last several years, thanks to the cost-effectiveness of the environmentally friendly construction material, insiders have said.Besides, the government has also a specific goal to gradually phase...

Ticket-seeking commuters

2024-01-22 00:00:00

Ticket-seeking commuters seen packed like sardines in the MRT-6 station at Motijheel after office hours on Sunday, the first weekday following extension of the operating hours of MRT service. — FE photo

China to speed up project fund release, says Mahmood Ali

2024-01-22 00:00:00

Finance Minister Abul Hassan Mahmood Ali on Sunday said that the release of Chinese funds for Bangladesh's development projects will be easier than before.He was talking to reporters after a meeting with the Chinese ambassador in Dhaka Yao Wen, at...

Gas crisis to ease in a day or two: Nasrul

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

State Minister for Power, Energy and Mineral Resources Nasrul Hamid has hoped that the countrywide natural gas crisis will ease in a day or two.Urging the consumers to be patient, he said, "The gas problem was severe, but it has...

Sajeeb Wazed appointed PM’s ICT adviser: PMO

2024-01-22 00:00:00

Sajeeb Ahmed Wazed has been re-appointed Information and Communication Technology (ICT) Adviser (without salary) to the Prime Minister."A gazette notification signed by Director General (Administration) of Prime Minister's Office Mohd Ahsan Kibria Siddiqui was issued today (Sunday) in this regard,"...

Urea supply for Boro faces trouble as dollar dearth bites

REZAUL KARIM | 2024-01-22 00:00:00

With the ongoing Boro-planting season approaching to its peak, farmers face a looming uncertainty: a potential shortage of urea due to the ongoing dollar crisis, according to Bangladesh Chemical Industries Corporation (BCIC). The state-run chemical agency has warned of dire...

Briefing 2024-01-22

2024-01-22 00:00:00

Prayer Timings (2024-01-22)

2024-01-22 00:00:00

One new death reported

2024-01-22 00:00:00

Bangladesh reported one more COVID-19-linked death and 34 fresh cases in 24 hours till Sunday morning, reports UNB.With the new numbers, the country's total fatalities rose to 29,480 and caseload to 2,046,758, according to the DGHS.The daily case test positivity...

Ministers brainstorm about three remedies for market syndrome

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

The government Sunday forewarned punitive actions against price fixing, including cancellation of licence of businesses, "if necessary", as ministers brainstormed about three remedies for stemming skyrocketing commodity prices.A high-profile meeting at the finance ministry, presided over by finance minister Abul...

Exports to all traditional mkts but UK tumble

MONIRA MUNNI | 2024-01-22 00:00:00

Apparel shipments to the UK showed an exception with a double-digit growth amid a downturn in other major traditional markets, like the European Union, the United States and Canada, in the first half of this fiscal. Bangladesh earned US$2.71 billion...

Top-level PPP meeting tackles hurdles across 20 projects

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

A high-profile meeting of the Public Private Partnership (PPP) Authority on Sunday tackled dragging-on issues plaguing various ongoing projects, according to sources. After a six-month pause, secretary-level members of the PPP project review committee sat at the PPP Authority office...

Call money rate hits 5-yr high, ranges 8.0-10pc

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

The interbank call money rate hit its new high at 9.43 per cent on Sunday, indicating a persistent liquidity problem on the money market.The highest bid for the overnight borrowing rate on the day stood at 10 per cent and...

Banks back in dire liquidity dearth

JUBAIR HASAN | 2024-01-22 00:00:00

Banks seem back in dire liquidity dearth as excess cash after maintaining CRR (cash reserve ratio) compliance squeezed under a highly contractionary monetary regime, officials and bankers say.Surplus credits available in the banks' vaults, the volume of excess liquidity which...

Govt to focus on economy rather than politics in diplomacy: PM

2024-01-22 00:00:00

Prime Minister Sheikh Hasina said on Sunday her government will shift its diplomatic focus from politics to economy, report agencies. She made this announcement while inaugurating the month-long 28th Dhaka International Trade Fair (DITF)-2024 at the Bangabandhu Bangladesh-China Friendship Exhibition...

Google to invest $1b in UK data centre

2024-01-22 00:00:00

Google will invest $1 billion on building a data centre just outside of London, the US technology giant said on Thursday, in its latest investment in Britain as it meets growing demand for internet services in the region, reports Reuters.The...

Dubai's GDP grows by 3.3pc

2024-01-22 00:00:00

RIYADH, Jan 21 (Reuters): Dubai's gross domestic product grew 3.3 per cent between January and September 2023, according to data released by state news agency WAM.Over those nine months, accommodation and food services grew 11.1 per cent, while transportation and...

Saudi Arabia’s money supply grows 7pc

2024-01-22 00:00:00

RIYADH, Jan 21 (Arab News): Saudi Arabia’s money supply saw an annual increase of 7.44 percent in November 2023 as it reached SR2.67 trillion ($712 billion), according to the Kingdom’s central bank.Bank loans surged to SR2.59 trillion, marking a 10.14...

Kotak Mahindra Bank misses Q3 profit

2024-01-22 00:00:00

MUMBAI, Jan 21 (Reuters): India's Kotak Mahindra Bank, opens new tab reported lower-than-expected third-quarter net profit on Saturday, weighed down by higher bad loan provisions and shrinking lending margins.The private bank reported standalone net profit of 30.05 billion rupees ($361.7...

China orders indebted local govts to halt some infrastructure projects

2024-01-22 00:00:00

BEIJING, Jan 21 (Reuters): China has instructed heavily indebted local governments to delay or halt some state-funded infrastructure projects, three people with knowledge of the situation said, as Beijing struggles to contain debt risks even as it tries to stimulate...

US court accepts $20.8b in claims against Venezuela in Citgo auction

2024-01-22 00:00:00

WASHINGTON, Jan 21 (Reuters): A US court on Friday approved claims by 17 Venezuela-linked creditors, including ConocoPhillips, Rusoro Mining and Koch Industries, to get proceeds from a coming auction of shares in the parent of Venezuela-owned oil refiner Citgo Petroleum...

JAMUNA BANK HOSTS ANNUAL BUSINESS CONFERENCE

2024-01-22 00:00:00

The Annual Business Conference 2024 of Jamuna Bank PLC was held at a city hotel, with Chairman of the bank Md. Saidul Islam as the chief guest. Directors AKM Mosharraf Hussain, Nur Mohammed (also Chairman of Jamuna Bank Foundation), Md...

CITIZENS BANK OPENS CUMILLA BRANCH

2024-01-22 00:00:00

Towfika Aftab, Chairperson of Citizens Bank PLC, formally inaugurated the bank's Cumilla Branch at Jhawtola Road in Cumilla on Saturday. Sk. Md Iftekharul Islam, Director, and Mohammad Masoom, Managing Director & CEO, were also present.

MIDLAND BANK HOLDS ANNUAL BUSINESS CONFERENCE

2024-01-22 00:00:00

Midland Bank Limited held the Annual Business Conference 2024 of Retail Distribution Division (Branch, Sub-Branch, Agent Banking, Islami Banking, Retail Sales) and NRB Division at the bank's Head Office in Dhaka recently. Ahsan-uz Zaman, Managing Director & CEO of the...

StanChart wins 'Renewable Energy Adoption Award'

2024-01-22 00:00:00

Standard Chartered Bangladesh has won the 'Renewable Energy Adoption Award - Bangladesh' at the ESG Business Awards 2023 recently, says a statement. The bank's Solar Village project with Friendship was recognised by the award committee for elevating the quality of...

MetLife launches insurance sales app for agents

2024-01-22 00:00:00

Aiming to enhance the insurance purchasing experience for customers and empower agents to provide better service, MetLife Bangladesh has recently launched "MyLife", a first-of-its-kind mobile sales app, says a statement. MyLife app will be available exclusively for the agents of...

India keen to help develop small and medium industries

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

Indian High Commissioner Pranay Verma said on Sunday that his country is interested in assisting Bangladesh in boosting cottage, micro, small and medium industries for mutual benefits of the two countries.He highlighted the significance of collaboration between the two countries...

Pakistan avoid whitewash with 42-run victory over New Zealand in 5th T20

2024-01-22 00:00:00

CHRISTCHURCH, New Zealand, Jan 21, 2024 (AFP): Pakistan captain Shaheen Shah Afridi said it was "very important" his team avoided a whitewash series loss to New Zealand after winning the fifth and final Twenty20 International by 42 runs on Sunday.The...