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C&A Textiles to resume production after 6 years

FE REPORT | 2023-06-22 00:00:00

C&A Textiles has decided to resume production of both garment and textile divisions next month six years after the closure of its factory.The Chattogram-based textile maker was shut down in 2017 due to a loan scam committed by its previous...

Hyundai raises EV investment to $28b

2023-06-22 00:00:00

SEOUL, June 21 (Reuters): Hyundai Motor will raise average annual investment in electrification by nearly two-thirds, spending $28 billion in the next decade, and further restructure its struggling China business as part of a strategy to boost electric vehicle (EV)...

EU's powerful lending arm eyes first 'debt-for-nature' swap

2023-06-22 00:00:00

LONDON, June 21 (Reuters): The European Union's powerful lending arm, the European Investment Bank, expects to back its first 'debt-for-nature' swap this year as it bolsters efforts to stem biodiversity loss.Debt-for-nature swaps, which help countries cut their debt in return...

NCC BANK CONFERENCE FOR BAMLCOS

2023-06-22 00:00:00

NCC Bank has organised a daylong conference for BAMLCOs (Branch Anti-Money Laundering Compliance Officers) on 'Prevention of Money Laundering and Terrorist Financing' at BRAC-CDM in Savar recently. Md Masud Biswas, Head of Bangladesh Financial Intelligence Unit (BFIU), inaugurated the conference...

BRAC Bank launches Smart Farmer's Card

2023-06-22 00:00:00

BRAC Bank has launched a unique 'Smart Farmer's Card' to facilitate easy and smart banking solutions for farmers. This is a first-of-its-kindsmart card for farmers, says a press release. The card will initially be offered to the members of Bangladesh...

Former FBCCI presidents extend support for Mahbubul Alam as its next president

2023-06-22 00:00:00

Former presidents of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) have extended their support to Chittagong Chamber of Commerce and Industry (CCCI) President Mahbubul Alam as the new president of the apex trade body for the 2023-25...

Nagad launches 'Ek Takar' offer on GP mobile recharge

2023-06-22 00:00:00

Nagad, a leading mobile financial service in Bangladesh, has launched an 'Ek Takar' offer for customers recharging any Grameenphone numbers using Nagad app or by dialling *167#. This initiative is aimed at encouraging people to do more and more digital...

Essential Drugs to produce 13 vaccines

FE REPORT | 2023-06-22 00:00:00

Essential Drugs Company Limited (EDCL) will locally manufacture 13 categories of vaccines including that of coronavirus as it signed a MoU with US-based on Wednesday.Managing Director of EDCL Dr. Ehsanul Kabir and CEO of Dyadic International Mark Emalferb inked the...

Bangladesh, India to use taka, rupee for trade transactions from Sept

2023-06-22 00:00:00

A silent revolution is underway, as Bangladesh and India are going to start using their respective currencies, the taka and the rupee, for trade transactions from September 2023, reports UNB.At the same time, Bangladesh Bank will introduce a debit card...

Gold eases in run up to Powell's testimony

2023-06-22 00:00:00

Gold prices edged lower on the dollar's uptick on Wednesday as investors watched for interest rate cues from US Federal Reserve Chair Jerome Powell's congressional testimony, reports Reuters.Spot gold was down 0.1 per cent to $1,934.29 per ounce by 1215...

Colombia will export fossil fuels for a long time

2023-06-22 00:00:00

NEW YORK, June 21 (Reuters): Colombia will continue to extract fossil fuels for "much longer" until it has other exports to replace that revenue, while considering diversifying its financing with carbon credits and green bonds, Finance Minister Ricardo Bonilla said...

Paris air show: 'Progress' in supply chain as jet orders rack up

2023-06-22 00:00:00

PARIS, June 21 (Reuters): Jet engine maker Pratt & Whitney flagged "solid progress" in the aerospace supply chain on Wednesday, addressing a key area of concern for planemakers as they continue to rack up orders at the Paris Airshow.The first...

China oil demand growth seen slower on strong EV sales

2023-06-22 00:00:00

BEIJING, June 21 (Reuters): China's 2023 crude oil demand is expected to grow less than previously expected, as strong demand for electric vehicles weighs on gasoline demand, an expert at China National Petroleum Corporation's (CNPC) research arm said on Tuesday.The...

Brooding over ways to combat plastic pollution

SUNEHRA SAYANHIKA | 2023-06-22 00:00:00

Plastic pollution has reached worrisome levels, with various research exposing its catastrophic consequences on our delicate ecosystems. A recent study estimates that eight million metric tonnes of plastic waste enter our seas each year, posing a serious threat to marine...

Lionel Messi set to make Inter Miami debut on July 21

2023-06-22 00:00:00

MIAMI, June 21 (AP): Lionel Messi's contract will be worth $50 million to $60 million per year, the team said on Tuesday. He cannot sign until sometime in July, after his contract with Paris Saint-Germain expires.Messi is expected to make...

Root replaces Labuschagne as No.1 Test batter

2023-06-22 00:00:00

Joe Root has replaced Marnus Labuschagne as the new No.1 ranked Test batsman in the latest ICC Men's Test batting rankings released on Wednesday.Australia star Labuschagne has occupied No 1 spot for six months, but a slow start to 2023...

Ronaldo marks 200th Portugal cap with winner

2023-06-22 00:00:00

BERLIN, June 21 (AP): Cristiano Ronaldo became the first men's player to make 200 international appearances and celebrated the milestone by scoring the winning goal in the 89th minute as Portugal beat Iceland 1-0 on Tuesday in European Championship qualifying.The...

Bangladesh face Lebanon today

2023-06-22 00:00:00

Bangladesh will start their eight-nation SAFF Championship campaign as they will face Lebanon in their opening Group B match at the Sree Kanteerava Stadium in Bangaluru today (Thursday), reports BSS.Private satellite channel T-Sports will telecast the match live that kicks...

UN expert for new approach to Myanmar crisis

2023-06-22 00:00:00

JAKARTA, June 21(AFP): The world must rethink its approach to solving the crisis in junta-ruled Myanmar because it was not working, a United Nations expert said Wednesday.Myanmar has been in turmoil since a February 2021 coup that ousted civilian leader...

Biden calls Xi 'a dictator' after Blinken's China visit

2023-06-22 00:00:00

CALIFORNIA, June 21(BBC): US President Joe Biden has called Chinese President Xi Jinping a dictator at a fundraising event in California.His remarks came a day after US Secretary of State Antony Blinken met Mr Xi for talks in Beijing, which...

Netanyahu okays 1,000 new homes in W Bank

2023-06-22 00:00:00

JERUSALEM, June 21 (AP): Israeli Prime Minister Benjamin Netanyahu says his government has approved plans to build 1,000 new homes in the West Bank settlement where four people were killed by a pair of Palestinian gunmen."Our answer to terror is...

Grisly riot at Honduran women's prison

2023-06-22 00:00:00

TEGUCIGALPA, June 21(AP): A grisly riot at a women's prison in Honduras Tuesday left at least 41 women dead, most burned to death, in violence the country's president blamed on "mara" street gangs that often wield broad power inside penitentiaries.Twenty-six...

Two children drown in Jamalpur pond -

2023-06-22 00:00:00

JAMALPUR, June 21 (UNB): Two children drowned in a pond at Gangkanda village under Jamalpur Sadar upazila on Tuesday.The dead are Himi (6), daughter of Hira Mia, and Tasfia (9), daughter of Kashem Ali of the village.Locals said Himi and...

Man's body recovered from Sylhet tea garden

2023-06-22 00:00:00

SYLHET, June 21 (UNB): The body of a man has been recovered from the Chowkidekhi area of Sylhet city.Police recovered the body from Malnichara Tea Garden in Chowkidekhi around 2:00 pm on TuesdayThe dead is Shamim Kazi (34) of Malnichara...

Swelling rivers force quick groundnut harvest in Manikganj char

2023-06-22 00:00:00

MANIKGANJ, June, 21 (BSS): The harvesting of groundnut, one of the important cash crops of the vast char people of the district, has started in full swing with water levels of two big river -- Padma and Jamuna-rising as most...

Coriander is now grown on large scale in Rangamati

2023-06-22 00:00:00

RANGAMATI, June 21 (BSS): The cultivation of coriander, locally known as 'Bilati Dhonia', is gaining popularity among farmers in Kaptai upazila of the district as it has become profitable because of low production cost and easy farming methods.Deputy Assistant Agricultural...

A BKSP in every district

2023-06-22 00:00:00

What should be the purpose of education? Is it just to obtain certificates one after another? No, schooling should give us more than that. There should be real-life situations where children can learn a host of skills needed to grow...

Dhaka's street crimes

2023-06-22 00:00:00

Street crimes in Dhaka city have become a common problem these days. Almost every other day, we come to know that a person has been hijacked or robbed of money and jewellery. Those involved in these crimes do so because...

Combating dengue menace

2023-06-22 00:00:00

Dengue has taken a serious turn in Bangladesh. Two more dengue patients died on Monday, raising this year's death toll from this mosquito-borne disease to 36. The viral fever cases are also on the rise. More than 300 people are...

Rising trend of divorce in Bangladesh

Imam Hossain | 2023-06-22 00:00:00

The decision to get a divorce is never an easy one to make. One divorce, however, takes place every forty minutes in Dhaka, according to a recent report published by a Bangla daily. The days of Bangladeshi marriages lasting for...