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Risky dollar deal by BB amid reserves depletion

JUBAIR HASAN | 2023-08-30 00:00:00

Drip-feeding dollar into the forex-strapped market by the central bank continues in what economists call risky deal amid depletion of Bangladesh's foreign-exchange reserves and slowing remittance and export incomes.Officials said the US dollar sale by the Bangladesh Bank (BB) could...

Weather (2023-08-30)

2023-08-30 00:00:00

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

IUB Environment Club organised programme titled "Nature's Route to Health - Bridging the Divide"

2023-08-30 00:00:00

Dr Senjuti Saha, Director and Senior Scientist of Child Health Research Foundation, Ashraful Haque Nobel, an environment specialist of USAID Bangladesh, Dr K Ayaz Rabbani, Head of the Department of Environmental Science and Management of IUB, among others, joined an...

Canadian High Commissioner in Bangladesh Lilly Nicholls paid a courtesy on Biman Bangladesh Airlines Board of Directors Chairman

2023-08-30 00:00:00

Canadian High Commissioner in Bangladesh Lilly Nicholls paid a courtesy on Biman Bangladesh Airlines Board of Directors Chairman former senior secretary Mustafa Kamal Uddin, and Managing Director and Chief Executive Officer (CEO) Shafiul Azim at Biman Head Office in the...

Action taken against nine students

2023-08-30 00:00:00

DINAJPUR, Aug 29 (UNB): The authorities of Hajee Mohammad Danesh Science and Technology University have taken disciplinary action against nine students, including expelling them from class examinations, in connection with a ragging incident.A notice signed by the university's registrar Professor...

13 Covid cases in a day with no deaths

2023-08-30 00:00:00

Bangladesh has recorded 13 new cases of Covid-19 in a day, taking the overall tally of infections to 2,045,320, reports bdnews24.com.The death toll from the disease remained unchanged at 29,476 over the 24-hour period, according to the latest government data...

President urges Italian investors to invest more in Bangladesh

2023-08-30 00:00:00

President Mohammed Shahabuddin on Tuesday urged the investors of Italy to invest in Bangladesh's export processing zones and hi-tech parks, reports UNB."Italy is the sixth largest export destination of Bangladesh and the volume of bilateral trade exceeded three billion dollars...

Rules on cards to invest proceeds from scheme for better returns

FE REPORT | 2023-08-30 00:00:00

The government is preparing rules on "pension fund management" to explore investment opportunities of the proceeds from the universal pension scheme launched this month (August 2023). "We're preparing the rules. After that, there will be a committee that will be...

Fugitive life-term convict arrested in Gopalganj

2023-08-30 00:00:00

GOPALGANJ, Aug 29 (BSS): Rapid Action Battalion (RAB-3) arrested a fugitive convict who was sentenced to life imprisonment in a women and children abuse case in 2017.The arrested was identified as Md Rezaul (28) son of late Jalil Sheikh, resident...

Jamaat leader arrested in Ctg

2023-08-30 00:00:00

CHATTAGRAM, Aug 29 (UNB): Former ward councillor of Chattogram City Corporation and organizing secretary of Chattogram city Jamaat-e Islami Shamsuzzaman Helali was arrested from his residence at Badurtola Arakan Housing Society in the city on Monday evening.According to police, there...

Probe report in Nayapaltan clash case against Fakhrul, Abbas on October 18

2023-08-30 00:00:00

A Dhaka court on Tuesday fixed October 18 for submitting report against BNP Secretary General Mirza Fakhrul Islam Alamgir and the party's Standing Committee Member Mirza Abbas in a case lodged over the clashes between police and BNP men in...

Dr Kamal urges govt to start talks with political parties

2023-08-30 00:00:00

Ganoforum president Dr Kamal Hossain on Tuesday urged the government to engage in talks with all political parties immediately to hold the upcoming national election in a free, fair and participatory manner, reports UNB.Speaking at a discussion, he also placed...

Jubo League man hacked to death

2023-08-30 00:00:00

MYMENSINGH, Aug 29 (UNB): A Jubo League activist was hacked to death allegedly by activists of rival group at Atani Bazar in Mymensingh's Muktagachha upazila headquarters on Monday night.The deceased was identified as Asaduzzaman Asad, son of Shamsul Haque of...

BNP demands withdrawal of all cases against Yunus

2023-08-30 00:00:00

In the wake of an open letter of global leaders and Nobel laureates urging Prime Minister Sheikh Hasina to halt the current trial proceedings against Dr Muhammad Yunus, BNP on Tuesday demanded the immediate withdrawal of all cases filed against...

Parash urges people to cast vote for AL

2023-08-30 00:00:00

Awami Jubo League Chairman Sheikh Fazle Shams Parash on Tuesday urged the people to cast votes in favor of Awami League in the next general election to continue development spree of the country, reports BSS."If people vote for Awami League...

BTRC starts removing Tarique's speeches from social media

FE REPORT | 2023-08-30 00:00:00

The Bangladesh Telecommunication Regulatory Commission (BTRC) has started removing the statements of BNP acting chairman Tarique Rahman from all social media, including YouTube and Facebook. Barrister Khandker Reza-E-Raquib, a counsel for the BTRC, told the High Court (HC) on Tuesday...

S.Korea's LG Energy Solution aims to raise about $1b in green bonds

2023-08-30 00:00:00

Sydney, Aug 29 (Reuters): South Korea's LG Energy Solution is aiming to raise about $1 billion from the sale of two, dollar-denominated green bonds, according to two sources with direct knowledge of the matter.The sources could not be identified as...

FTSE 100 hits 2-week high, outpaces STOXX 600 on Bunzl, mining boost

2023-08-30 00:00:00

The exporter-heavy FTSE 100 index hit a two-week high on Tuesday, following an extended weekend as miners rose on optimism over fresh policy support from top consumer China, while Bunzl advanced on upbeat annual profit outlook, reports Reuters.The blue-chip index...

Chinese investors rush to offshore funds to offset domestic risks

2023-08-30 00:00:00

HONG KONG/SHANGHAI, Aug 29 (Reuters): Disillusioned with a weak stock market at home, geopolitical risks and a falling currency, Chinese investors are pouring money into investment products with exposure to overseas assets that will also help diversify their portfolios.Retail money...

BYD H1 profit triples as deliveries break record

2023-08-30 00:00:00

BEIJING, Aug 29 (Reuters): China's BYD Co Ltd on Monday said first-half profit jumped 204.7 per cent as the new energy vehicle maker broke its delivery record and retained its crown as China's biggest-selling auto brand.Net earnings for the six-months...

Big discount offer on Minister TV

2023-08-30 00:00:00

The 24'' Deluxe LED TV of the Minister brand is now available at only Tk 9,999. This television, originally priced at Tk 13,441, is currently being offered at a discount of almost Tk 3,000, says a press release. The standout...

GPH ISPAT ORGANISES FREE MEDICAL CAMP

2023-08-30 00:00:00

GPH Ispat Limited organised a day-long free medical camp on Sunday for the women of Kumira, Sitakunda, and its adjoining areas to mark the National Mourning Day. Hundreds of helpless and poor women have been given free treatment and medicine...

LAFARGEHOLCIM holds TECHNICAL SEMINAR

2023-08-30 00:00:00

LafargeHolcim Bangladesh Ltd (LHBL) organised a technical seminar titled 'Sustainable Structural & Foundation Design' in Mymensingh recently. Dr Mohammad Jahangir Alam, Professor (retd), Civil Engineering Department, BUET, was present as the keynote speaker at the seminar while Fakhruddin Md. Khan,...

ICB Asset Management Company Mrs Mahmuda Akhter handed over a cheque of Tk 50 million to Managing Director of Agrani Bank Murshedul Kabir

2023-08-30 00:00:00

Chief Executive Officer of ICB Asset Management Company Mrs Mahmuda Akhter handed over a cheque of Tk 50 million on Tuesday to Managing Director of Agrani Bank Murshedul Kabir from profits out of investments from Bangladesh Fund managed by the...

Mercantile Bank Training Institute started two-week foundation training

2023-08-30 00:00:00

Mercantile Bank Training Institute has started a two-week foundation training for its trainee assistant officers in phase two recently. Mati Ul Hasan, additional managing director and chief risk officer of the bank, inaugurated the training, while Tapash Chandra Paul, chief...

DSE Chairman Professor Dr Hafiz Md Hasan Babu planted trees on DSE plots at Kapasia

2023-08-30 00:00:00

As part of the month-long programmes to commemorate August, the month of mourning, Dhaka Stock Exchange Chairman Professor Dr Hafiz Md Hasan Babu planted trees on DSE plots at Kapasia, Gazipur on Monday. DSE Director Md Shakil Rizvi, Managing Director...

Bangladesh Bank awarded Shahjalal Islami Bank for sustainable rating

2023-08-30 00:00:00

The Bangladesh Bank awarded Shahjalal Islami Bank Limited for sustainable rating. Managing Director & CEO of Shahjalal Islami Bank Limited Mosleh Uddin Ahmed received the award from Bangladesh Bank Governor Abdur Rouf Talukder on Tuesday. Deputy Governor of Bangladesh Bank...

Akij Plastics holds distributors' confce

FE REPORT | 2023-08-30 00:00:00

Akij Plastics Limited, a subsidiary of Akij Group, recently hosted a distributors' conference in Nepal, which brought together more than 700 delegates, including around 500 distributors along with sales and marketing professionals.The Achievers Summit 2023 took place at Royal Grand...

BD biggest cotton apparel exporter to UK: Study

FE REPORT | 2023-08-30 00:00:00

Bangladesh is the largest cotton-based apparel exporter to the United Kingdom, grabbing over 21 per cent of its market share in that particular category, according to a latest study report.In 2021, Bangladesh exported cotton-based garment worth $1.95 billion having 21.9-per...

IBN SINA Pharma's profit growth takes a pause in FY23

FE REPORT | 2023-08-30 00:00:00

The profit of IBN SINA Pharmaceutical Industry remained almost unchanged for FY23 as it recorded no notable rise in revenue compared to the previous fiscal year.Its consolidated profit was Tk 605.50 million in FY23, which was Tk 605.81 million in...