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EDCF tags strings to fund $1.2b project

MIR MOSTAFIZUR RAHAMAN | 2023-09-21 00:00:00

Construction of the Kalurghat rail-cum-road bridge would cost nearly US$ 1.2 billion to be financed mainly by the Economic Development Cooperation Fund (EDCF) of South Korea under certain conditions.The external financing arm of the Republic of Korea has agreed to...

Briefing 2023-09-21

2023-09-21 00:00:00

Prayer Timings (2023-09-21)

2023-09-21 00:00:00

Probe report submission deferred for 74th time

FE REPORT | 2023-09-21 00:00:00

A Dhaka court on Wednesday deferred the date for submitting the investigation report of the case filed in connection with the stolen money from the Bangladesh Bank's account with the Federal Reserve Bank of New York in February 2016.The court...

NBFIs see rebound as confidence starts to revive

JUBAIR HASAN | 2023-09-21 00:00:00

The struggling non-bank financial institutions (NBFIs) see a ray of hope for the industry's much-needed rebound with increased deposits in the last quarter (Q4) of the immediate-past financial year (FY23).Not only did the deposits increase, but the loans and advances...

Editors' Council concerned over CSA endorsement in JS

FE Report | 2023-09-21 00:00:00

The Editors' Council has expressed grave concern over endorsement of the 'Cyber Security Act-2023' in Parliament, despite strong objections to such a law.According to a statement released on Wednesday, the council observed that the concerns previously raised by media stakeholders,...

TICFA talks with United States focus many issues

FE REPORT | 2023-09-21 00:00:00

Bangladesh desired duty-free-export facility restored on the US market and the United States trade representatives stressed expediting amendment to the labour law and ensuring worker right to form trade union.Such was an inconclusive outcome of the seventh meeting of the...

Economy may grow 6.5pc with inflation easing

FE REPORT | 2023-09-21 00:00:00

Bangladesh's economy may perform little better than envisaged earlier by the Asian Development Bank as it looks up to 6.5-percent GDP growth this fiscal with its cushioning effect on inflation.The latest Asian Development Outlook (ADO) prepared by the ADB forecasts...

Weather (2023-09-21)

2023-09-21 00:00:00

Light to moderate rain/ thunder showers accompanied by temporary gusty wind is likely to occur at most places over Dhaka, Rajshahi, Rangpur, Khulna, Barishal and Sylhet divisions in the next 24 hours from 06:00 am today (Thursday), accords to the...

Academic feat -

2023-09-21 00:00:00

Aamaya Navid, a student of Bangladeshi origin, got 'highest possible score' in all subjects at the national SAT examination (all England examination) held in May, 2023, says a statement. All primary school students in England have to appear for SAT...

UIU Vice Chancellor (In-charge) Prof Dr Md Abul Kashem Mia presiding over roundtable discussion

2023-09-21 00:00:00

United International University Vice Chancellor (In-charge) Prof Dr Md Abul Kashem Mia presiding over roundtable discussion titled "Accelerating progress towards reaching SDG6 sanitation target in Bangladesh: role of universities" in association with International Training Network, BUET (ITN-BUET) on the university...

Finance fest starts at JU

JU CORRESPONDENT | 2023-09-21 00:00:00

A four-day Finance Fest-2023 began on the Jahangirnagar University (JU) campus on Wednesday.The Department of Finance and Banking is hosting the event on the premises of the Faculty of Business Studies.JU pro-vice-chancellor (admin) Prof Sheikh Monzurul Huq inaugurated the finance...

DU boy dies falling off dorm bldg

DU CORRESPONDENT | 2023-09-21 00:00:00

A student of Dhaka University (DU) died after jumping off the 10th floor of 'Jamuna' block of Bijoy Ekattor Hall on the campus early Wednesday.The deceased was identified as Kazi Firoz, a student of the Department of Chinese Language and...

Zinnat Barkatullah passes away

2023-09-21 00:00:00

Dancer and actor Zinnat Barkatullah passed away on Wednesday, reports UNB. Zinnath, who had been suffering from several health complications, breathed her last at 4:45 pm at her Dhanmondi residence, according to her daughter actor Bijori Barkatullah.The eminent dancer was...

Chief Information Commissioner Dr Abdul Malek speaking

2023-09-21 00:00:00

Chief Information Commissioner Dr Abdul Malek speaking at an awareness programme on Right to Information Act in Patuakhali District on Tuesday

Court orders probe into United Hospital's role

FE REPORT | 2023-09-21 00:00:00

A Dhaka court has directed the Criminal Investigation Department (CID) of police to probe into an allegation that the United Hospital authorities conducted the urine test of Gulf Air's deceased pilot Mohannad Yousef Hassan Al Hindi half an hour after...

Don't rush DPA enactment as new version too misses key concerns

FE REPORT | 2023-09-21 00:00:00

Transparency International Bangladesh (TIB) has reiterated its apprehension regarding the proposed Data Protection Act (DPA), citing that many of its recommendations aimed at addressing human rights violations remain unaddressed in the latest iteration of the draft legislation.Highlighting numerous risk factors,...

Dr Hasan Mahmud presiding over a monthly coordination meeting

2023-09-21 00:00:00

Information and Broadcasting Minister Dr Hasan Mahmud presiding over a monthly coordination meeting with officials of all departments of the ministry at his office in the city on Wednesday — PID

Brown University accords honour to PM for community clinic model

2023-09-21 00:00:00

NEW YORK, Sept 19 (UNB): Prime Minister (PM) Sheikh Hasina has been accorded a special honour by Brown University, one of the oldest higher educational institutions in the United States, for her community clinic model introduced to reach the healthcare...

Ad-interim bail of Babu stayed

FE REPORT | 2023-09-21 00:00:00

The apex court on Wednesday stayed until November 20 the bail of expelled Jamalpur UP chairman Mahmudul Alam Babu, the prime accused in the journalist Golam Rabbani Nadim murder case.Justice M Enayetur Rahim, chamber judge of the Appellate Division of...

Court rejects petition for filing case against 9 police officials

FE REPORT | 2023-09-21 00:00:00

A Dhaka Court on Wednesday rejected a petition placed for filing a case against nine police officials over "the attack on pro-BNP lawyers during the road march on September 12" in the Dhaka Judge Court area. Judge of the Metropolitan...

Dhaka South City Corporation Mayor Barrister Fazle Noor Taposh addressing

2023-09-21 00:00:00

Dhaka South City Corporation Mayor Barrister Fazle Noor Taposh addressing a 'Development Festival' hosted in the city's South Banasree neighbourhood on Wednesday — Focus Bangla

BNP leaders will leave party, it is a matter of time: Hasan

2023-09-21 00:00:00

Information and Broadcasting Minister and Awami League Joint General Secretary Dr Hasan Mahmud on Wednesday said many BNP leaders will leave the party and it is a matter of time, reports BSS."Many BNP leaders will follow Shamsher Mobin Chowdhury or...

Chinese EV maker Nio raises $1b in convertible bond deal

2023-09-21 00:00:00

SYDNEY, Sept 20 (Reuters): Chinese electric vehicle maker Nio Inc said on Wednesday it had raised $1 billion in a two-tranche convertible bond from which it intends to use the proceeds to pay down debt and strengthen its balance sheet.The...

BofA lifts S&P 500 2023-end target by 7pc, led by "old economy" stocks

2023-09-21 00:00:00

BofA Global Research said on Wednesday it expects the S&P 500 to end 2023 nearly 7 per cent higher than it previously forecast, and that "old economy" stocks on the blue-chip index could benefit as much, if not more, over...

Japanese companies warm up to employee stock incentives

2023-09-21 00:00:00

TOKYO, Sept 20 (Reuters): Airline operator ANA Holdings plans to offer around $60 million worth of shares to thousands of employees, the latest Japanese company to use employee share incentives as a tool to retain talent and comply with a...

India's Ola Electric eyes IPO filing by end-Oct in expedited listing plan

2023-09-21 00:00:00

MUMBAI, Sept 20 (Reuters): India's Ola Electric plans to file regulatory papers for its up to $700 million IPO before the end of October as the e-scooter maker fast-tracks its listing move, three people with direct knowledge said.Backed by investors...

Markets on hold ahead of Fed, but UK data stirs rate pause talk

2023-09-21 00:00:00

LONDON, Sept 20 (Reuters): Stocks struggled for headway on Wednesday while US Treasury yields held near multi-year highs as surging oil prices stoked inflation and set the scene for the Federal Reserve to project interest rates staying higher for longer.In...

Apple France workers call strike ahead of iPhone 15 launch

2023-09-21 00:00:00

PARIS, Sept 20 (Reuters): Unions at the Apple France stores have called for a strike on Friday and Saturday ahead of the iPhone 15 launch, demanding better pay and working conditions."Management having decided to ignore our perfectly legitimate demands and...

ADB warns 'intensified' risks for developing Asia

2023-09-21 00:00:00

MANILA, Sept 20 (AFP): Developing Asia faces "intensified" risks from China's troubled property sector and high interest rates around the world, the Asian Development Bank said Wednesday, as it trimmed its regional growth expectations.Gross domestic product is forecast to expand...