US startup Fisker said on Monday it would produce 100 limited edition electric sports utility vehicles (SUVs) for the Indian market and expects to begin deliveries in the fourth quarter this year, reports Reuters.The company had said in September it...
Investments in space startups stayed flat in the second quarter, a positive sign for a sector that faced a funding slump over the past few quarters due to the grim economic outlook, a report by venture capital firm Space Capital...
Ford Motor on Monday slashed the prices of its popular electric F-150 Lightning trucks, with the base variant now starting at about 16.6 per cent less, amid an electric vehicle (EV) price war started by market leader Tesla, reports Reuters.The...
LONDON, July 18 (Reuters): Insurers are reviewing whether to freeze cover for any ships willing to sail to Ukraine after Russia said on Monday it will suspend participation in a UN-backed deal that allows the export of grain through a...
Investment Corporation of Bangladesh (ICB) has been awarded for securing 2nd position in the evaluation of Annual Performance Agreement (APA) among non-bank financial institutions for FY 2021-2022. Secretary of Financial Institutions Division Sheikh Mohammad Salim Ullah handed over a crest...
The 379th Board Meeting of Standard Bank Ltd was held at the Boardroom of the bank's Gulshan Office in Dhaka on Tuesday. Chairman of the bank Kazi Akram Uddin Ahmed presided over the meeting attended by Vice Chairman Kazi Khurram...
An introductory event of the Oikkya Parishad Panel contesting the upcoming FBCCI election was held at a hotel in the port city on Monday evening. Mahbubul Alam, President of Chittagong Chamber of Commerce and Industry (CCCI) and leader of the...
Mutual Trust Bank Limited (MTB) won the Best Bank for Diversity and Inclusion in Bangladesh for 2023 by Asiamoney. This marks the second consecutive year that MTB has received this prestigious accolade second straight year, said a statement.Asiamoney is a...
FE REPORT | 2023-07-19 00:00:00
RAK Ceramics' profit plunged 32 per cent year-on-year to nearly Tk 129 million in April-June, owing to energy price hikes and increased production costs due to a staggering rise in raw material prices in the global market.The country's largest and...
FE REPORT | 2023-07-19 00:00:00
The Dhaka bourse closed Tuesday's session with a marginal loss, extending the losing streak for the second consecutive day mainly due to corrections experienced by life insurers.A slight correction experienced by a major sector, pharmaceuticals & chemicals also played a...
FE REPORT | 2023-07-19 00:00:00
Grameenphone's profit grew at a pace of 30 per cent year-on-year to Tk 11.93 billion in the second quarter through June, driven by a boost to data revenue. By deploying new spectrum and new site rollout, the market leader added...
WASHINGTON, July 18 (AFP): Retail sales in the United States came in weaker than expected in June, the government reported Tuesday, with consumption remaining sluggish while inflation eases.US retail sales rose 0.2 per cent to $689.5 billion last month, while...
FBCCI President Md Jasim Uddin called for enhancing bilateral trade between Bangladesh and India and regional trade in the South Asian region, reports UNB. He made the remark during a courtesy call on the Indian High Commissioner Pranay Kumar Verma...
Bangladesh International Arbitration Centre (BIAC) in collaboration with Commercial Law Develop-ment Programme (CLDP) organised a workshop on 'Alternative Dispute Resolution (ADR)' and a seminar on 'Mediation' at a hotel in the capital on Sunday and Monday.Both the events were moderated...
JASIM UDDIN HAROON | 2023-07-19 00:00:00
The government on Tuesday granted approval for the introduction of 'bancassurance,' a system enabling the sale of insurance products through the banking channel in the country. It means there is no bar or restriction to launching such model in the...
LONDON, July 18 (Reuters): Oil prices were little changed on Tuesday as investors weighed a possible tightening of U.S. crude supplies against weaker-than-expected Chinese economic growth.Both benchmark contracts fell more than 1.5 per cent on Monday following lacklustre economic data...
Probashi Kallyan Bank Training Institute arranged a two-day training on 'Cyber Security Awareness' held virtually on Sunday and Monday. System Analyst of Bangladesh Bank SM Tofayel Ahmed and Analyst of Bangladesh Computer Council Ringko Kabiraj moderated the sessions. Additional Secretary...
BRUSSELS, July 18 (Reuters): The European Union is seeking to transport more Ukrainian grains via road and rail to help make up for Russia's withdrawal from a UN-backed Black Sea exports deal, the bloc's leaders and officials said.On Tuesday, Russia...
GOPALGANJ, July 18 (BSS): District Department of Narcotics Control in a drive arrested a man with three kgs of ganja and 200 pieces of yaba tablets in Kotalipara upazila in the district on Tuesday.The detainee was identified as Mithun Talukder,...
Five persons were killed in separate road accidents in Cox's Bazar, Dinajpur and Gopalganj on Tuesday, report agencies.In Cox's Bazar, two pedestrians were killed and three injured as a bus knocked them down in Cox's Bazar's Chakaria upazila Tuesday morning.Their...
Chattogram, July 18 (UNB): Members of Rapid Action Battalion (RAB) arrested the director of Unitex Group Ltd, Farnah Ahmed, in a case filed over digging land in a reserved forest at Chattagram's Sitakunda.RAB-7 Assistant Director of Media, Nurul Huda, confirmed...
OUR CORRESPONDENT | 2023-07-19 00:00:00
SYLHET, July 18: Routine development works of the Sylhet City Corporation (SCC) area are being hampered due to lack of timely supervision by the incumbent mayor as he mostly remains off doing party politics. SCC Mayor Ariful Haque Chowdhury will...
SEOUL, July 18 (BBC): A US national has been detained in North Korea after crossing the border, a UN body says. The United Nations Command, which operates the Demilitarized Zone and joint security area (JSA) said the man did not...
CRIMEA, July 18 (Reuters): Russia's Defence Ministry said on Tuesday it had hit military targets in two Ukrainian port cities overnight in what it called "a mass revenge strike," a day after an attack on the Crimean bridge which it...
LONDON, July 18 (Reuters): British Prime Minister Rishi Sunak's highly contested plan to make it easier to send asylum seekers to Rwanda is set to become law after the government defeated attempts by parliament's upper house to make changes to...
WARSAW, July 18 (AP): Five people were killed and eight others were injured Monday when a Cessna 208 plane crashed into a hangar at a sky diving center during bad weather, authorities said.The plane's pilot and four people sheltering in...
ROME, July 18 (AFP): Europe braced for record-smashing heat Tuesday as withering heatwaves across the globe showed no signs of easing and Greece battled wildfires that forced people to flee their homes.Across vast swathes of the planet, from California to...
MUMBAI, July 18 (BBC): The leaders of 26 Indian opposition parties are meeting to firm up their strategy to take on Prime Minister Narendra Modi's party in the general election due next year.Top opposition leaders including the Congress's Sonia Gandhi...
M. Rokonuzzaman | 2023-07-19 00:00:00
It has become customary to assess development progression through income classification. The World Bank classifies economies into four income groups: low, lower-middle, upper-middle, and high income. As economic value creation depends on natural resources, labour pool, knowledge, and ideas, not...
ASMA-UL-HUSNA | 2023-07-19 00:00:00
This year, several parts of the world, including Bangladesh, are experiencing excessive heat. Naturally, people are leaning towards air conditioners, which not only impact our electricity bills but are also harmful to the environment. If you are concerned about your...
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