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Export target $57.50b for FY '25

MONIRA MUNNI | 2024-09-09 00:00:00

Bangladesh eyes US$57.50 billion in total export earnings in the current fiscal on the back of 12.44-percent growth in merchandise shipment to $50.0 billion, largely banking on clothing as before. The current interim government's trade wing unveiled Sunday the export...

Inflation eases following crucial August changes

FE REPORT | 2024-09-09 00:00:00

An inexorable inflation has long tormented low-income segment of people but it began easing following the crucial August changes with the rate decreasing over 1.0 percentage point to 10.49 per cent in the month.The little cooling of inflation in August...

No banks, FIs to go bankrupt

FE REPORT | 2024-09-09 00:00:00

No business organisation's bank account has been frozen on central bank's orders, the Bangladesh Bank governor said Sunday while reaffirming a major banking-sector reform plan. Dr Ahsan H. Mansur also said for boosting depositors' confidence in the country's banking system,...

Dhaka-Delhi ties should be based on equity, says Yunus

2024-09-09 00:00:00

Chief Adviser Prof Muhammad Yunus on Sunday said they need to maintain good relations with India but that should be based on equity and fairness, reports UNB. "Sir (Prof Yunus) repeatedly said we need to maintain good relations with India...

Light rain likely today.....

2024-09-09 00:00:00

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

40 plus RMG factories halt production

2024-09-09 00:00:00

FE ReportMore than 40 readymade garment factories, mostly located in the Ashulia industrial zone, were forced to shut down their production on Sunday following workers' protest.According to the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), at least five factories continued...

24-member 'border trade coordination' committee formed

FE REPORT | 2024-09-09 00:00:00

Bangladesh Customs has formed a 24-member 'border trade coordination' committee in a bid to facilitate import-export and transit trade.The body would work as per World Trade Organisation (WTO) guidelines under 12-point action plan to improve services in air, land and...

HC stays appointment of AKM Shahid as Dhaka Wasa MD

FE REPORT | 2024-09-09 00:00:00

The High Court has halted the appointment of Engineer AKM Shahid Uddin as the Managing Director (MD) of Dhaka Water Supply and Sewerage Authority, also known as Dhaka Wasa.Simultaneously, the HC directed the relevant government authorities to promptly appoint the...

Torrential rains for the last several days have created a large quagmire on the road in the city's Malibagh Bazar

2024-09-09 00:00:00

Torrential rains for the last several days have created a large quagmire on the road in the city's Malibagh Bazar area much to the inconvenience of the commuters. The picture was snapped on Sunday — FE Photo

Dr Yunus for expediting third-country Rohingya resettlement

2024-09-09 00:00:00

FE Report Chief Adviser Prof Dr Muhammad Yunus on Sunday emphasised expediting the third-country resettlement of the Rohingya people who have been provided with shelter in Bangladesh."It should be the easiest of the process," he told the officials of the...

Hero Alom assaulted on Bogura court premises

2024-09-09 00:00:00

Ashraful Alom, popularly known as Hero Alom, was assaulted on a court premises in Bogura town on Sunday, reports UNB.The You Tuber came under attack on the Chief Judicial Magistrate Court premises when he went there to file a case...

Ex-BCL leader beaten to death

2024-09-09 00:00:00

RAJSHAHI, Sep 8 (UNB): A former leader of Bangladesh Chhatra League (BCL) unit of Rajshahi University has been beaten to death in Rajshahi city on Saturday night on charge of attacking protesters on August 5 during the mass upsurge.The dead,...

Jatiya Nagorik Committee formed to rebuild new Bangladesh

2024-09-09 00:00:00

A new platform named Jatiya Nagorik Committee (JNC) has been formed aiming at rebuilding Bangladesh upholding the spirit of student-people mass upsurge, steered by Anti-discrimination Student Movement, reports BSS. The name of 55 members has been announced in a meeting...

ACC to probe graft charges against ex-minister Abdus Shahid

2024-09-09 00:00:00

The Anti-Corruption Commission (ACC) has decided to launch an investigation against former agriculture minister and Moulvibazar-4 MP Abdus Shahid, accusing him of abusing power, engaging in various irregularities, and amassing wealth through corruption, reports UNB.ACC spokesperson Aktrul Islam confirmed the...

Inu remanded for five days in murder case

2024-09-09 00:00:00

A Dhaka court has placed Jatiya Samajtantrik Dal (JSD) President and former information minister Hasanul Haque Inu on a five-day remand in a case filed over killing Ideal College student Khalid Hasan Saifullah during the anti-discrimination student movement, reports BSS.Dhaka...

Shajahan Khan sent to jail before remand ends due to sickness

2024-09-09 00:00:00

Former shipping minister Shajahan Khan has been sent to jail before the end of his seven-day remand due to illness, reports bdnews24.com.Dhaka Metropolitan Magistrate Md Ali Haider Kamal issued the order to send him to jail on Sunday.Dhanmondi Model Police...

Accomplish tasks based on national unity

FE REPORT | 2024-09-09 00:00:00

BNP standing committee member Amir Khasru Mahmud Chowdhury said on Sunday that the interim government should be allowed to accomplish its tasks on the basis of a national unity.He also stressed the need for forging a national unity at the...

Chinese co YiXin to invest $7.45m in BEPZA EZ

2024-09-09 00:00:00

Chinese company YiXin Bangladesh Company Ltd will set up a shoe accessories manufacturing industry in BEPZA Economic Zone (BEPZA EZ), reports BSS.They will invest $ 7.45 million to produce annually 10 million pairs of footwear materials. The company will create...

Standard Chartered takes flood response measures

2024-09-09 00:00:00

In response to the devastating floods impacting northeastern and southeastern Bangladesh, Standard Chartered Bangladesh is delivering emergency relief to 100,000 flood-affected individuals. The bank is providing relief packages containing provisions for meals over seven days, reaching impacted communities across flood-impacted...

Marketing co Stagwell expands operations

2024-09-09 00:00:00

FE REPORTStagwell, a US-based technology marketing services company, has recently expanded its operations in Bangladesh affiliating with a local advertising agency Arena Media Bangladesh.Listed in NASDAQ or New York based stock exchange, Stagwell has partnership with the globally renowned brands...

Abul Quasem Haider elected IFIL Chairman

2024-09-09 00:00:00

Abul Quasem Haider has been elected as the Chairman of Islamic Finance and Investment Limited (IFIL), says a press release. The decision came during the 350th meeting of the Board of Directors of IFIL held on September 5. He is...

Shipping Adviser visits Sadarghat Terminal

2024-09-09 00:00:00

Brig Gen (retd) M Sakhawat Hossain, adviser to the Ministries of Shipping, and Textiles and Jute, visited the Sadarghat Terminal in Dhaka on Saturday afternoon, reports UNB.During the visit, Port Officer Kabir Hossain provided a brief overview of the various...

Zakaria Taher chief of risk management body of National Bank

2024-09-09 00:00:00

Zakaria Taher has been elected chairman of the risk management committee of National Bank Limited and a bank director. This decision was made recently during the bank's 505th Meeting of the Board of Directors.Mr. Zakaria is an entrepreneur and businessman...

RAK Ceramic claims salaries paid on time

2024-09-09 00:00:00

"RAK Ceramics PJSC, headquartered in Ras Al Khaimah, UAE, is a multinational company with a strong reputation built over three decades. It operates in over 150 countries worldwide.RAK Ceramics Bangladesh Ltd, is a joint stock company, listed with both Dhaka...

First Security Islami Bank's Managers Conference held

2024-09-09 00:00:00

First Security Islami Bank's Managers Conference heldA view exchange meeting of First Security Islami Bank's new Board of Directors was held virtually with the bank's Management, Divisional Heads, Zonal Heads and Branch Managers on Saturday. Chairman of the Board of...

Lifting LC margin will help stimulate trade, investment: DCCI

2024-09-09 00:00:00

FE REPORT Dhaka Chamber of Commerce and Industry (DCCI) said on Sunday that the Bangladesh Bank's (BB) decision on lifting the letter of credit (LC) margin will help stimulate trade and investment in the country.It also said that 'Revolving Refinancing...

Export prospects comparatively good: Dr Salehuddin

2024-09-09 00:00:00

Adviser to the interim government on the Ministries of Finance and Commerce Dr Salehuddin Ahmed on Sunday said that the export prospect was comparatively better in the current fiscal year (FY25) as it would increase in the changing context, reports...

Saudi banks' real estate loans reach $218b thanks to annual 12pc growth

2024-09-09 00:00:00

RIYADH, Sept 08 (Arab News): Saudi banks real estate loans reached SR816.83 billion ($217.82 billion) in the second quarter of 2024, marking an annual 12 per cent rise, according to official data.Figures from the Saudi Central Bank, also known as...

Daraz 9.9 Anniversary Sale

2024-09-09 00:00:00

Daraz Bangladesh is set to commemorate its anniversary with a grand celebration, inviting shoppers nationwide to participate in an exclusive shopping event. The 9.9 Anniversary Sale, running from September 9 to September 15, transforms the online market place into a...

Akij Ceramics introduces 100x100 cm large tiles

2024-09-09 00:00:00

In response to the growing global demand for large-format tiles, Akij Ceramics introduces its new Kathena premium series, featuring 100x100 cm (1000x1000 mm) tiles, says a press release. These grand tiles are designed to deliver a seamless and luxurious aesthetic...