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Number of Dengue patients rises 7 times in a month

FE REPORT | 2023-07-31 00:00:00

Bangladesh reported eight deaths from dengue in 24 hours till Sunday morning as a record number of patients in a single day got admitted to different hospitals across the country. As many as 2,731 dengue patients were admitted to different...

Breakthrough for Jamuna tunnel project as China set to start study

MIR MOSTAFIZUR RAHAMAN | 2023-07-31 00:00:00

The long-awaited Jamuna tunnel-construction project has achieved a breakthrough as China selected Henan Communications Planning & Design Institute Co Ltd to conduct the preliminary feasibility study for it. This development follows the pullout of China Railway Design Corporation (CRDC) from...

Metro Rail company fined Tk 3.5m for loan payment delay

SYFUL ISLAM | 2023-07-31 00:00:00

The Finance Division has fined Dhaka Mass Transit Company Ltd (DMTCL), the government-owned company responsible for operating Dhaka Metro Rail, Tk 3.5 million for delay in making payment of loan instalment, officials said.To build the MRT Line-6, the country's first...

Tax exemptions deliver little goods

DOULOT AKTER MALA | 2023-07-31 00:00:00

Direct-tax exemptions aimed at cooling overheated market and incentivizing industries and investment cost the public exchequer around Tk 3.0 trillion in the past fiscal, to little avail though, sources say.Latest available official data show growth in investment in proportion to...

Mild heat wave sweeping some disticts

2023-07-31 00:00:00

Mild heat wave is sweeping over Rajshahi and Sylhet divisions and the regions of Dhaka, Tangail, Madaripur, Rangpur, Netrokona, Sitakunda, Rangamati, Feni, Cumilla, Mongla, Jashore and Chuadanga and it may abate from some places in the next 24 hours until...

Polls schedule won't be announced before last week of Oct: CEC

2023-07-31 00:00:00

Chief Election Commiss-ioner (CEC) Kazi Habibul Awal on Sunday said that the schedule for the 12th parliamentary election will not be announced before the last week of October. The CEC was speaking to reporters at the Election Commission Secretariat on...

SCB condemns US congressmen's letter for deployment of UN peacekeeping forces

FE REPORT | 2023-07-31 00:00:00

Secular Citizens of Bangladesh (SCB) on Sunday expressed its dismay over the recent letter of the US congressmen who called for deploying United Nations peacekeeping forces in Bangladesh during the upcoming national elections "to prevent intimidation, harassment or assault on...

BD strongly condemns desecration of Holy Quran in Sweden

2023-07-31 00:00:00

Foreign Minister Dr AK Abdul Momen has shared Bangladesh's grave concerns with his Swedish counterpart over the repeated acts of desecrating and burning copies of the Holy Quran in Sweden in recent times, reports UNB.He held a telephonic conversation with...

Army chief off to Kuwait

2023-07-31 00:00:00

Chief of Army Staff General SM Shafiuddin Ahmed left Dhaka for Kuwait on a five-day state visit at the invitation of Kuwait Army Chief of General Staff Lt General Ghazi Hassan Al-Shammari, reports BSS.During his stay in Kuwait, Shafiuddin Ahmed...

Professor Emeritus Dr Serajul Islam Choudhury speaking

2023-07-31 00:00:00

Professor Emeritus Dr Serajul Islam Choudhury speaking at the inaugural session of a two-day international conference on 'Teaching Literature and Interdisciplinarity', jointly organised by the Department of English of East West University and Association of Teachers of Literatures in English,...

Young generation will be key force in building Smart Bangladesh: PM

2023-07-31 00:00:00

Prime Minister (PM) Sheikh Hasina has said the country's young generation will be the key-force in building Smart Bangladesh, reports BSS."Our young generation would be the most skilled manpower in each field in building the Smart Bangladesh," she said while...

700 arrested over Saturday's clashes, says home minister

2023-07-31 00:00:00

At least 700 people have been arrested in connection with the clashes with police, violence and arson attacks during BNP's sit-in programme at the key entry points of Dhaka, Home Minister Asaduzzaman Khan said, reports UNB. "There are CCTVs everywhere...

BNP submits audit report to EC showing Tk 20.37m deposit

2023-07-31 00:00:00

BNP on Sunday submitted its annual financial statement to the Election Commission (EC) for the 2022 calendar year, showing a fund of Tk 20.37 million in reserve, reports UNB.A BNP delegation, led by its Senior Joint Secretary General Ruhul Kabir...

AL to continue rallies in city today

FE REPORT | 2023-07-31 00:00:00

The Awami League (AL) will continue its protest rallies in the capital city today (Monday) in response to the protest rally organised by the BNP.The ruling party also held peace rallies and day-long agitation programmes countrywide, including the capital city,...

BNP's countrywide rallies today

FE REPORT | 2023-07-31 00:00:00

Bangladesh Nationalist Party (BNP) will hold rallies across the country today (Monday) in protest against Saturday's attacks on its leaders and activists by Awami League activists and police in the capital. BNP secretary general Mirza Fakhrul Islam Alamgir made the...

A view of a clash that ensued between police and BNP activists

2023-07-31 00:00:00

A view of a clash that ensued between police and BNP activists during the party's sit-in programme in the city's Matuail area on Saturday — FE Photo

Bearish traders swarm AMC options as stock conversion plan faces doubts

2023-07-31 00:00:00

NEW YORK, July 30 (Reuters): Shares of AMC Entertainment Holdings Inc have been hit by a wave of bearish options bets amid uncertainty over the company's stock conversion plan.The one-month moving average of open puts versus call options on AMC...

India lets firms list on Modi's flagship finance hub to draw foreign capital

2023-07-31 00:00:00

NEW DELHI, July 30 (Reuters): India has allowed its firms to list on exchanges registered in a new financial hub in the western state of Gujarat, Finance Minister Nirmala Sitharaman said on Friday, to give companies access to easier and...

Hopes of 'Goldilocks' economy, rate peak buoy US stocks

2023-07-31 00:00:00

NEW YORK, July 30 (Reuters): A resilient US economy and expectations of a nearing peak in the Federal Reserve's monetary policy tightening cycle are emboldening stock investors, even as worries persist over rising valuations and the potential for inflation to...

Prime Bank Japan Desk signed 'Prime Payroll' agreement

2023-07-31 00:00:00

Prime Bank Japan Desk has recently signed a 'Prime Payroll' agreement with Adventure Dhaka Ltd, a subsidiary of Adventure Inc., which is the largest online travel agency in Japan. Mamur Ahmed, Head of Consumer Sales of Prime Bank, and Shigeyuki...

NCC Bank organised month-long '77th Foundation Training Course'

2023-07-31 00:00:00

NCC Bank organised a month-long '77th Foundation Training Course' for its newly recruited Management Trainee Officers (MTOs). Mohammad Mamdudur Rashid, Managing Director & CEO of the bank, inaugurated the training programme at the NCC Bank Training Institute on Sunday. A...

A training workshop --

2023-07-31 00:00:00

A training workshop on 'Prevention of Money Laundering & Combating the Financing of Terrorism' was held in Cox's Bazar with the participation of 150 officials of leading banks in the country. The training workshop was jointly organised by Bangladesh Financial...

'Southeast Bank Agent Banking Half-Yearly Conference 2023'

2023-07-31 00:00:00

Southeast Bank Limited organised the Dhaka Divisional 'Southeast Bank Agent Banking Half-Yearly Conference 2023' recently. Managing Director of the bank Nuruddin Md Sadeque Hossain inaugurated the conference as the chief guest. All the partners of agent outlets of the bank...

Mercantile Bank organised month-long training course

2023-07-31 00:00:00

Mercantile Bank Limited organised a month-long training course for the second batch at Khulna for developing entrepreneurship and making new entrepreneurs under the Skills for Employment Investment Program (SEIP) of Bangladesh Bank. A total of 26 participants have been awarded...

Modhumoti Bank held 10th AGM

2023-07-31 00:00:00

Modhumoti Bank Limited held the 10th Annual General Meeting (AGM) at a city hotel on Saturday with the assistance of Zoom technology. Presided over by Chairman of the bank Humayun Kabir, the meeting approved audited financial statements and Directors' Report...

Robi to launch new subsidiary for digital services

FE REPORT | 2023-07-31 00:00:00

Robi Axiata, the country's second-largest telecom operator, plans to launch a new subsidiary named "r ventures PLC" to provide digital services to its customers, according to a regulatory filing on Sunday. The 100 per cent owned subsidiary will focus on...

CMSF settles 1,170 investor claims

FE REPORT | 2023-07-31 00:00:00

The total size of the Capital Market Stabilization Fund (CMSF) stands at Tk 12.70 billion, consisting of undistributed bonus dividends amounting to Tk 7.10 billion and undistributed cash dividends worth Tk 5.60 billion.The CMSF added Tk 90 million to the...

Linde's profit slumps 40pc in Q2 on costlier raw materials

FE REPORT | 2023-07-31 00:00:00

Linde Bangladesh's net profit plunged 40 per cent year-on-year to Tk 140 million in April-June quarter this year owing to costlier raw materials and higher operating expenses.Business has been tougher also because of the stronger dollar and a sharp decline...

Ford recalls 870,000 F-150 trucks

2023-07-31 00:00:00

WASHINGTON, July 30 (Reuters): Ford Motor said Friday it is recalling 870,000 F-150 trucks in the United States because of the risk of an unexpected activation of the electric parking brake due to a potential wiring issue.The recall covers 2021...

P&G tops estimates on higher prices

2023-07-31 00:00:00

Procter & Gamble on Friday beat analysts' estimates for quarterly sales and profit buoyed by the consumer goods giant's multiple price hikes even as it joined other multinational companies in flagging weak demand in China, reports Reuters.A slower-than-expected rebound in...