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Offshore gas search uncertain, import dependence deepens

M AZIZUR RAHMAN | 2023-09-13 00:00:00

Launching long-awaited bidding for offshore hydrocarbon exploration seems uncertain before the next general election, slated for January 2024, sources said, while the country's fuel-import dependence increases.After getting approval for its 'lucrative' new model production-sharing contract (PSC) for offshore blocks by...

Weather (2023-09-13)

2023-09-13 00:00:00

Light to moderate rain/thunder showers accompanied by temporary gusty wind is likely to occur at many places over Dhaka, Mymensingh, Khulna, Barishal, Chattogram and Sylhet divisions in the next 24 hours from 06:00 am today (Wednesday), according to the Met...

Third death anniversary of Dr Md Ibrahim Khalil

2023-09-13 00:00:00

Today (Wednesday) is the third death anniversary of Dr Md Ibrahim Khalil, former Chief Geologist of Bangladesh Atomic Energy Commission. He left behind his two daughters and one son. His only elder brother Mohammad Ismail Amin, Director of Gungchil Ltd,...

1,667 fire incidents kill eight in Aug: Fire Service

2023-09-13 00:00:00

In August of this year, 1,667 fire incidents were reported across the country, resulting in eight fatalities and 28 injuries, reports UNB.Of these, the highest number of fire incidents was reported in Dhaka division at 416. There were 128 fire...

UNMISS Force Commander Lieutenant General Mohan Subramanian decorates 199 peacekeepers of BANFMU-8

2023-09-13 00:00:00

United Nations Mission in South Sudan (UNMISS) Force Commander Lieutenant General Mohan Subramanian decorates 199 peacekeepers of Bangladesh Force Marine Unit (BANFMU-8) with medals in Juba, South Sudan on Tuesday. — ISPR

General S M Shafiuddin Ahmed speaking after inaugurating 'Swadhinata Auditorium'

2023-09-13 00:00:00

Chief of Army Staff General S M Shafiuddin Ahmed speaking after inaugurating the newly-constructed two-storey 'Swadhinata Auditorium' with modern facilities on the Bangladesh University of Professionals (BUP) premises in the city on Tuesday. — ISPR

High inflation intensifies pandemic impacts on the poor

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

Covid-19 pandemic has left many long-term multidimensional impacts on Bangladesh's poor people which were further intensified by the unremitting high inflation, speakers observed at a roundtable on Tuesday.Besides economic crisis, they are also facing social dilemma, as their children's huge...

'IMEC' counter to BCIM: Dilip Barua

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

The aborted Bangladesh-China-India-Myanmar Economic Corridor (BCIM) under the Belt and Road Initiative (BRI) could have brought much prosperity for the region if materialised, former industries minister Dilip Barua said.The project did not see the light of day as a neighbour...

Timely action keeps commodity prices stable, minister tells JS

2023-09-13 00:00:00

Commerce Minister Tipu Munshi on Tuesday claimed that the current government's timely action to control commodity prices has made it possible to keep commodity prices stable and supply normal, reports UNB."Activities are going on to ensure that any unstable situation...

Jamalpur DC's comments on polls inappropriate, says Farhad

2023-09-13 00:00:00

State Minister for Public Administration Farhad Hossain has addressed the recent remarks made by Jamalpur's Deputy Commissioner (DC) in favour of the current government, and said that such statements are inappropriate in the lead-up to the upcoming elections. He said...

Permission sought to produce FBI official, Canadian cops as witnesses

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

The prosecution on Tuesday filed an application with a Dhaka court seeking permission for producing an official of Federal Bureau of Investigation (FBI) and two officials of Royal Canadian Mounted Police as witnesses in the Niko graft case. Attorney General...

Cops charge baton on pro-BNP lawyers in Dhaka court area, 25 hurt

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

At least 25 pro-BNP lawyers were seriously injured as police charged baton on them on the Dhaka Bar Association premises, while they brought out a procession under the banner of the United Lawyers Front, a platform of the anti-government lawyers....

US imparts training to Bangladesh Police on preventing WMD

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

US Department of State Programme has provided training to Bangladesh Police on preventing weapons of mass destruction (WMD) terrorism. The US Department of State's Office of Weapons of Mass Destruction Terrorism, along with partners from CRDF Global and Thin Blue...

My only aim is people's prosperity

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

Prime Minister Sheikh Hasina told US President Joe Biden that her only aim in life is to ensure a prosperous life of the people of her country.Foreign minister Dr AK Abdul Momen disclosed this while talking to reporters after a...

Govt buying 10 Airbus aircraft to get kickbacks, alleges Fakhrul

2023-09-13 00:00:00

BNP Secretary General Mirza Fakhrul Islam Alamgir on Tuesday alleged that the government is buying 10 Airbus aircraft from France with the aim of getting a commission, reports UNB. "It's a very nice thing that the President of France has...

Major Gulf markets in the red ahead of US inflation data

2023-09-13 00:00:00

Major stock markets in the Gulf fell in early trade on Tuesday with investors focusing on macroeconomic data that could indicate whether interest rates will rise further in the United States, reports Reuters.The US Consumer Price Index (CPI) data, due...

US SEC fines 9 investment firms over marketing rule failures

2023-09-13 00:00:00

WASHINGTON, Sept 12 (Reuters): The US Securities and Exchange Commission on Monday ordered nine investment advisory firms to pay a combined $850,000 in civil penalties for advertising hypothetical performance without implementing new policies required by regulators.The SEC found the firms...

Wealthy families pile into bonds, private equity while shedding stocks: Citi

2023-09-13 00:00:00

NEW YORK, Sept 12 (Reuters): Wealthy families loaded up on bonds and private equity investments in the first half of the year while slashing their stock exposure, according to a survey by Citigroup's private bank.More than half of the 268...

For retail investors, jumping on Arm's blockbuster IPO is a risky business

2023-09-13 00:00:00

Retail traders getting their first bite at Arm Holdings' highly anticipated public offering when the British chip designer begins trading this week should beware: individual investors often get burned when they jump on hot listings, reports Reuters.Arm's goal of raising...

World stocks stand firm, British data sends pound lower

2023-09-13 00:00:00

SINGAPORE/LONDON, Sept 12 (Reuters): Global stocks held firm on Tuesday and the dollar regained a little of its overnight losses a day ahead of crucial US inflation data that could influence when or whether the Federal Reserve raises rates further.Traders...

Asian markets mixed as uneasy traders await key data

2023-09-13 00:00:00

HONG KONG, Sept 12 (AFP): Asian markets struggled Tuesday to extend a Wall Street and European rally as traders nervously await US inflation data, while lingering concerns about China's economy remain a millstone.The consumer price index report is one of...

German investor morale brightens

2023-09-13 00:00:00

BERLIN, Sept 12 (Reuters): German investor sentiment unexpectedly improved in September, as investors expect a stop in interest rates hikes.The ZEW economic research institute on Tuesday reported a rise in its economic sentiment index to -11.4 points from -12.3 points...

New Helio 80 unveiled

2023-09-13 00:00:00

Edison Group has introduced its latest smartphone, Helio 80 with 10X zoom, EIS, and Android 13. This remarkable smartphone is set to revolutionise customers' mobile experience, combining cutting-edge features that cater to both enthusiasts and power users alike, says a...

GlobalFoundries opens $4b chip fabrication plant in Singapore

2023-09-13 00:00:00

SINGAPORE Sept 12 (Reuters): GlobalFoundries, the world's third-largest contract chipmaker, opened a $4 billion semiconductor fabrication plant in Singapore on Tuesday, as part of a major global manufacturing expansion.The US chipmaker's new 23,000 square metres (248,000 square feet) facility will...

BSCIC organised a meeting of stakeholders

2023-09-13 00:00:00

Bangladesh Small and Cottage Industry Corporation (BSCIC) organised a meeting of the stakeholders in establishing good governance and National Purity Award ceremony on Tuesday. BSCIC Chairman Md Mahbubor Rahman was present as the chief guest and Director (Planning and Research)...

Agreement signed between Delta Life Insurance Company and bKash

2023-09-13 00:00:00

A health insurance agreement has been signed between Delta Life Insurance Company Ltd and mobile financial service provider "bKash Limited" recently. Under this agreement, all officers and employees of bKash will get the facilities of health insurance from Delta Life...

Motorcycles with engine capacity of up to 350cc in the country's market

2023-09-13 00:00:00

A recent meeting of the government high-ups, with Home Minister Asaduzzaman Khan in the chair, has granted approval for the introduction of motorcycles with engine capacity of up to 350cc in the country's market. And Uttara Motors Ltd., for the...

Mymensingh Zone of Islami Bank Bangladesh organised a discussion meeting

2023-09-13 00:00:00

Mymensingh Zone of Islami Bank Bangladesh organised a discussion meeting on "Compliance of Shari'ah in Banking Operations" for its clients on Tuesday on the zone premises. Moulana Mohiuddin Rabbani, a member of the Shari'ah Supervisory Committee, addressed the programme as...

AB Bank and bKash inked a foreign remittance disbursement agreement

2023-09-13 00:00:00

AB Bank and bKash have recently inked a foreign remittance disbursement agreement under which remittance can be sent directly to the beneficiary's bKash wallet through AB Bank. Syed Mizanur Rahman, deputy managing director of AB Bank, and Ali Ahmmed, chief...

Rafiqul Islam new DMD of IFIC Bank

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

Md Rafiqul Islam has been promoted to deputy managing director (DMD) of IFIC Bank. He will discharge his duty as the head of the branch business of the bank, said a statement. Prior to this, he served as senior executive...