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Ten firms grab 38pc of DSE weekly turnover

FE REPORT | 2023-09-02 00:00:00

The ten most-traded firms accounted for 38 per cent of the turnover on the Dhaka Stock Exchange (DSE) in the outgoing week, with Fu-Wang Food dominating the chart for the third straight week.Fu-Wang Food, a small-cap company, continued to dominate...

Stocks extend gains for second week

FE REPORT | 2023-09-02 00:00:00

Stocks extended the winning streak for the second consecutive week to Thursday, as bargain hunters kept their buying interest in rumor-based small-cap shares in anticipation of quick gains.This week featured five trading days. Of them, four sessions posted gains while...

Champions League 2023-2024

2023-09-02 00:00:00

Spain coach apologises for applauding Rubiales speech

2023-09-02 00:00:00

BARCELONA, Sept 01 (AFP): Spain men's coach Luis de la Fuente apologised Friday for applauding football federation president Luis Rubiales' speech last week in which he said he would not resign, after his forcible kiss on the lips of Women's...

Alcaraz through at US Open as Sabalenka, Vondrousova advance

2023-09-02 00:00:00

NEW YORK, Sept 01 (AFP): World number one Carlos Alcaraz edged closer to a US Open rematch with Italy's Jannik Sinner on Thursday as Grand Slam winners Aryna Sabalenka and Marketa Vondrousova booked their places in the third round.Defending champion...

BD U-16 football team face India today

2023-09-02 00:00:00

The Bangladesh U-16 national football team will take on defending champions India in their opening group A match of the SAFF U-16 Football Championship scheduled to be held today (Saturday) at Changlimithang Stadium, Thimphu, reports BSS.The match kicks off at...

UK house prices fall by most since 2009

2023-09-02 00:00:00

LONDON, Sept 1 (Reuters): British house prices in August were 5.3 per cent lower than a year earlier, their biggest annual decline since July 2009 as higher interest rates reduced demand from buyers, mortgage lender Nationwide said on Friday.Prices dropped...

Euro zone manufacturing downturn eases, China rebound offers hope

2023-09-02 00:00:00

LONDON/TOKYO, Sept 1 (Reuters): A downturn in euro zone manufacturing eased last month, suggesting the worst may be over for the bloc's beleaguered factories, while an unexpected rebound in China offered some hope for export-reliant economies, private surveys showed.However, Europe's...

Fast fashion firms prepare for EU crackdown on waste mountain

2023-09-02 00:00:00

BARCELONA/LONDON, Sept 1 (Reuters): In a warehouse on the outskirts of Barcelona, women stand at conveyor belts, manually sorting T-shirts, jeans and dresses from large bales of used clothing - a small step towards tackling Europe's towering problem of discarded...

DMCB GETS BIZZ EUROPE AWARD

2023-09-02 00:00:00

The Dhaka Mercantile Co-Operative Bank Ltd. (DMCB) has been awarded 'The Bizz Europe Award 2023' recently in Lisbon, Portugal, for excellent performance in the business sector (microcredit) of Bangladesh. The award ceremony was organised by a US-based organisation, The World...

Over 85pc applicant e-com firms fail to get digital ID certification

ISMAIL HOSSAIN | 2023-09-02 00:00:00

More than 85 per cent of e-commerce companies that submitted applications for obtaining digital business identity (DBID) certification failed to get it due to 'complex provisions' set by the authority concerned. Since February last year, the DBID platform has so...

China gold premiums ease as safe-haven buying cools

2023-09-02 00:00:00

Premiums on physical gold in China eased off recent highs this week as safe-haven buying cooled on hopes that stimulus could help the top bullion buyer's ailing economy, reports Reuters.Chinese dealers sold gold at $20-$38 an ounce premiums over global...

Ukraine winter wheat sowing seen unchanged despite export crisis

2023-09-02 00:00:00

KYIV, Sep 01 (Reuters): Ukrainian farmers are not expected to reduce the area of winter wheat they sow for the 2024 harvest despite higher logistics costs due to the wartime export crisis, a senior farming official told Reuters on Tuesday.Ukraine...

Philippines curbs rice prices as inflation worry mounts

2023-09-02 00:00:00

MANILA, Sep 01 (Reuters): The Philippines announced price ceilings for rice on Friday to protect consumers, as the rising cost of the national staple probably caused August inflation to accelerate for the first time in seven months.One of the world's...

Oil driven higher by tight supply expectations

2023-09-02 00:00:00

LONDON, Sept 1 (Reuters): Oil prices jumped by more than 1 per cent on Friday and were on track to snap a two-week losing streak, bouyed by expectations of tightening supplies.Saudi Arabia is widely expected to extend a voluntary 1...

News in Brief(2023-09-02)

2023-09-02 00:00:00

Motorbike suicide bomber kills nine Pak soldiers ISLAMABAD, Sept 01: Nine soldiers were killed in a restive western region of Pakistan on Thursday after a suicide bomber on a motorbike targeted their military convoy, the army said. Pakistan has witnessed...

Heat records toppled across sweltering Asia

2023-09-02 00:00:00

BANGKOK, Sept 01 (AFP): Temperature records are being toppled across Asia, from India's summer to Australia's winter, authorities said Friday, in fresh evidence of the impact of climate change.The sweltering temperatures match longstanding warnings from climate scientists and come as...

Anti-drone systems, 130,000 security officers to guard India’s G20 Summit

2023-09-02 00:00:00

NEW DELHI, Sept 01 (Reuters): About 130,000 security officers will be deployed as India hosts the world's most powerful leaders at a G20 summit in New Delhi this month, a showcase for Prime Minister Narendra Modi and the country's growing...

Modi considers simultaneous regional, national elections

2023-09-02 00:00:00

NEW DELHI, Sept 01 (Reuters): India set up a panel on Friday to identify ways to hold state and national elections at the same time, a contentious plan that aims to reduce the time politicians spend on campaigning and get...

Thai king cuts ex-PM Thaksin’s jail term to one year

2023-09-02 00:00:00

BANGKOK, Sept 01 (AFP): Thailand's jailed former premier Thaksin Shinawatra had his prison sentence cut from eight years to one by the king on Friday, just days after he returned from 15 years in exile.The move came a day after...

Philippines, Taiwan, Malaysia reject China’s latest South China Sea map

2023-09-02 00:00:00

The Philippines, Malaysia, Taiwan and Vietnam have rejected as baseless a map released by China that denotes its claims to sovereignty including in the South China Sea and which Beijing said on Thursday should be viewed rationally and objectively, reports...

Green field creation is must for any PPP project, says M Shamsul Hoque

MUNIMA SULTANA | 2023-09-02 00:00:00

FE: How have you been engaged with the DEE project? What is the role you are now playing with the country's first big infrastructure project under the PPP?Shamsul Hoque (SH): My engagement with the DEE project started after the government...

Highlights

2023-09-02 00:00:00

Unflagging hope, stakeholder tips on best solutions behind DEE success: ITD

MUNIMA SULTANA | 2023-09-02 00:00:00

FE: Why ITD has been interested in the PPP project in Bangladesh? The FE came to know DEE is ITD's first PPP project to start with although its success stories in infrastructure development as contractor were quite impressive. Why Bangladesh...

Public-private coupling overrides bumps as DEE half opens

MUNIMA SULTANA | 2023-09-02 00:00:00

A public-private coupling in development pursuit finally stands the test as a maiden big infrastructure project with foreign investment under PPP model is about to see success. The half-built Dhaka elevated expressway (DEE) opens today, with seamless transport drive overhead...

DEE ready for partial opening at long last

Munima Sultana | 2023-09-02 00:00:00

Despite all odds, the Dhaka Elevated Expressway (DEE) is now a reality. The first 11.5 km part of it has been readied for opening. Prime Minister Sheikh Hasina inaugurates it today (Saturday) and the toll collection will start tomorrow (Sunday).Opening...

BRICS: A political or economic alliance?

Abul Quasem Haider | 2023-09-02 00:00:00

Different economic alliances and institutions have been established across the world with their own missions and visions. BRICS is also such an economic and political alliance. Prominent economist of the country Mustafa Kamal Mujeri said BRICS is a new initiative,...

No child friendly cities and no promotion of games and sports

Nilratan Halder | 2023-09-02 00:00:00

The generation Z unlike its predecessor millennial is more discriminated against in terms of green space and playgrounds, particularly in almost all cities and other urban centres of Bangladesh. Dhaka is basically a city hostile to children, trees and open/green...

Help smokers quit

2023-09-02 00:00:00

Most of us know that smoking kills. Despite the fact, we are one of the leading countries in terms of smokers with the lowest quitting rates of smoking. A survey, conducted by some British researchers shows that smoking cigarettes affects...

How to reduce children's screen addiction

2023-09-02 00:00:00

Digital devices like mobile phones, laptops and tablets have made our life more convenient. But their excessive use can have serious consequences on people, especially children. Nowadays, most children have digital devices, which they use most of the time. This...