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A dive into bloated SME market; It fuels anything but hope

BABUL BARMAN | 2024-01-04 00:00:00

As opposed to the main market, the market capitalisation of DSE's SME platform jumped 55 per cent year-on-year to Tk 24.60 billion in the just-concluded calendar year, driven by an abnormal price surge of Himadri and inclusion of new companies.Besides,...

Stock brokers no longer want floor price

FE REPORT | 2024-01-04 00:00:00

Stock brokers, who had once been in favour of artificially keeping the market from a decline, want to get rid of it. At a meeting with executives of the Bangladesh Securities and Exchange Commission (BSEC) on Wednesday, they said the...

India's factory growth ends 2023 at 18-month low

2024-01-04 00:00:00

BENGALURU, Jan 03 (Reuters): India's manufacturing industry ended 2023 on a slightly shaky footing as factory growth decelerated to an eighteen-month low in December, pressured by a weaker rise in new orders and output, a business survey showed on Wednesday.The...

KSA issues 158 industrial licences in October

2024-01-04 00:00:00

RIYADH, Jan 03 (Arab News): The Kingdom of Saudi Arabia's (KSA) Ministry of Industry and Mineral Resources issued 158 industrial licences in October 2023, representing a rise of 97.4 per cent compared to the same month of the previous year.The...

Turkiye’s inflation rate nears 65pc

2024-01-04 00:00:00

ISTANBUL, Jan 03 (Arab News): Turkiye's annual inflation rate approached 65 per cent in December, reaching a new high for 2023 and putting the country on course to meet an expected peak of 70-75 per cent in May.President Recep Tayyip...

India's palm oil imports hit 4-month high in Dec

2024-01-04 00:00:00

MUMBAI, Jan 3 (Reuters): India's palm oil imports rose in December to their highest in four months as purchases of refined palmolein surged because of competitive prices, five dealers told Reuters on Wednesday.Higher purchases by the world's biggest importer of...

UK food price inflation falls at record pace

2024-01-04 00:00:00

UK supermarket inflation slowed down at the fastest rate ever recorded in December, according to data firm Kantar.Annual grocery price inflation in December eased from 9.1 per cent to 6.7 per cent compared with the previous month, making December's figure...

ONE BANK SIGNS AGREEMENT WITH PRAAVA HEALTH

2024-01-04 00:00:00

ONE Bank PLC signed an agreement with Praava Health recently. Sajid Ahmad, CGO of Praava Health, and Md Kamruzzaman, Head of Retail Banking of ONE Bank, signed the agreement. Under this agreement, the bank's Debit, Credit and Prepaid Card holders...

ISLAMI BANK PUBLISHES DIB EXAM RESULTS

2024-01-04 00:00:00

Islami Bank Training and Research Academy (IBTRA) published the results of Diploma in Islamic Banking (DIB) examination for October 2023 session. Mohammed Monirul Moula, Managing Director and CEO of Islami Bank Bangladesh PLC, formally published the results at Islami Bank...

Midland Bank AMC gets new CEO

2024-01-04 00:00:00

Mohammad Saleh Ahmed has joined Midland Bank Asset Management Company Limited (MDB AMC), a newly formed subsidiary of Midland Bank, as its Chief Executive Officer (CEO), says a statement. Prior to joining his new role, Mr Saleh was the CEO...

DHAKA BANK LAUNCHES CO-BRANDED CREDIT CARD FOR ICAB MEMBERS

2024-01-04 00:00:00

Dhaka Bank PLC unveiled exclusive co-branded VISA Signature Credit Card for the members and employees of the Institute of Chartered Accountants (ICAB) at the ICAB Members' Night 2023 held at a city hotel recently. Emranul Huq, Managing Director & CEO...

Ships continue to avoid Red Sea route

2024-01-04 00:00:00

OSLO, Jan 3 (Reuters): Denmark's Maersk and German rival Hapag-Lloyd said on Tuesday their container ships would continue to avoid the Red Sea route that gives access to the Suez Canal following a weekend attack on one of Maersk's vessels.Both...

StanChart, TMSS to provide onion seeds to 2,000 farmers

2024-01-04 00:00:00

Standard Chartered Bangladesh has partnered with Thengamara Mohila Sabuj Sangha (TMSS) to distribute onion seeds to 2,000 farmers in Bogra, Pabna, and Faridpur. Naser Ezaz Bijoy, Chief Executive Officer, Standard Chartered Bangladesh, and Prof Dr. Hosne-Ara Begum, Founder of TMSS,...

Danish firm seeks to develop Laldia container terminal

MUNIMA SULTANA | 2024-01-04 00:00:00

Bangladesh and Denmark are set to start negotiations soon to construct the Laldia Container Terminal at Chattogram port under a public-private partnership (PPP) model. This follows a successful first platform meeting between the two governments.Officials confirmed that the Chittagong Port...

Copper drops to two-week low on higher dollar

2024-01-04 00:00:00

London, Jan 3 (Reuters): Copper prices slid to a two-week low on Wednesday as the dollar rose and worries about demand in top consumer China were reinforced by weak data from the country's industrial sector.Three-month copper on the London Metal...

China's 2023 steel exports seen at 7-year high

2024-01-04 00:00:00

BEIJING/SINGAPORE, Jan 3 (Reuters): China's 2023 steel exports are forecast to have hit a seven-year high of more than 90 million metric tonnes, the China Iron and Steel Association (CISA) said in a report on Wednesday.The world's top steel maker...

Oil climbs as supply concerns deepen with Libyan oilfield disruption

2024-01-04 00:00:00

Oil benchmark Brent rose by around a $1 a barrel on Wednesday, after reports of a disruption to Libya's top oilfield added to supply concerns emanating from tensions in the Red Sea, reports Reuters.Brent crude gained 63 cents to $76.52...

Returning Osaka loses to Pliskova in Brisbane

2024-01-04 00:00:00

BRISBANE, Australia, Jan 03 (AFP): Naomi Osaka said Wednesday she was "super disappointed" but just being on court was a "personal win" after her return to tennis at the Brisbane International was ended by defending champion Karolina Pliskova.Pliskova, who won...

India’s Kohli returns to top 10 after nearly 2-year absence

2024-01-04 00:00:00

DUBAI, Jan 03 (PTI): Star Indian batter Virat Kohli jumped four places to ninth in the latest ICC Test Ranking after his decent show in the Centurion Test against South Africa.Kohli had dropped out of the top 10 in 2022,...

India collapse sparks hope for South Africa in 2nd Test

2024-01-04 00:00:00

CAPE TOWN, Jan 03 (AFP): India lost their last six wickets for no runs in 11 balls as wickets tumbled on the first day of the second Test against South Africa at Newlands on Wednesday.After bowling out South Africa for...

Marufa shortlisted for ICC Women's Emerging Cricketer

2024-01-04 00:00:00

Bangladesh Women's cricket team pacer Marufa Akter was shortlisted for the ICC Women's Emerging Cricketer of the Year award, revealed by the global cricket's governing body on Wednesday, reports BSS.Her impressive performance in the debut year saw her making it...

Sri Lanka names different captains for Test, ODI, T20 sides

2024-01-04 00:00:00

COLOMBO, Jan 03 (AFP): Sri Lanka cricket selectors Wednesday named different captains for the Test, one-day international and Twenty20 sides ahead of tours by Zimbabwe and Afghanistan.Batting all-rounder Dhananjaya de Silva, 32, will be Test skipper while Kusal Mendis, 28,...

Pakistan fight back to frustrate Australia after early collapse

2024-01-04 00:00:00

SYDNEY, Jan 03 (AFP): Gritty Pakistan hit back from looming disaster to finish with 313 on the back of fighting half-centuries from Mohammad Rizwan, Agha Salman and Aamer Jamal on the first day of the third Test against Australia on...

Taskin upbeat about comeback in BPL

2024-01-04 00:00:00

Bangladesh speedster Taskin Ahmed is working on his recovery from a shoulder injury. The pacer said he is upbeat about making a comeback in the upcoming season of the Bangladesh Premier League (BPL) but expressed regret over missing the IPL...

Bogura, Jamalpur road accidents kill five

2024-01-04 00:00:00

A total of five persons were killed in separate road accidents in Bogura and Jamalpur districts on Wednesday and Tuesday afternoon, reports agencies.In Bogura, two people were killed and two others injured in a head-on collision between a CNG-run three-wheeler...

Substandard, spurious seeds invade markets in northern region

OUR CORRESPONDENT | 2024-01-04 00:00:00

BOGURA, Jan 03: The threat of substandard seeds looms large at a time when the farmers in the northern region are busy readying their fields. Peaky and below-standard seeds mostly coming from India through different borders have flooded the local...

Storm causes flooding and travel disruption in UK

2024-01-04 00:00:00

LONDON, Jan 03 (AFP): Hundreds of flood warnings were in place in the UK on Wednesday, after strong winds and rain lashed large parts of the country, hitting travel and cutting power.The strongest gusts from Storm Henk were recorded on...

News in Brief (2024-01-04)

2024-01-04 00:00:00

NATO signs deal to buy 1,000 Patriotmissiles in face of Russia threatBRUSSELS, Jan 03: NATO members in Europe have signed a contract for up to 1,000 Patriot missiles to bolster air defences in the face of the threat from Russia,...

Ukraine missiles pound Russian border region

2024-01-04 00:00:00

MOSCOW, Jan 03 (AP): The Russian military said Wednesday it shot down 12 Ukrainian missiles over Russia's southern Belgorod region bordering Ukraine, as Kyiv's forces seek to embarrass Russian President Vladimir Putin and puncture his argument that life in Russia...

No one died as passengers left the Japan jet without their luggage

2024-01-04 00:00:00

TOKYO, Jan 03 (BBC): Passengers dashed to the emergency exits of a burning Japan Airlines jet without their hand luggage, in compliance with the flight crew's instructions.The simple act of leaving their valuables behind would be a "major factor" behind...