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Bay to be freed from pirates soon

2024-05-31 00:00:00

CHATTOGRAM, May 30 (BSS): Home Minister Asaduzzaman Khan on Thursday said the government would make the Bay of Bengal and the entire coastal belt of Bangladesh free from pirates and robbers soon."The Rapid Action Battalion, Coast Guard, Border Guard Bangladesh,...

As Europe struggles to cut debt, Sweden eyes more spending

2024-05-31 00:00:00

STOCKHOLM, May 30 (Reuters): While much of Europe faces tough choices about how to cut budgets to bring down soaring debt, thrifty Sweden has a more enviable dilemma: how to use its strong public finances to face up to the...

Global fund launches fly in China as yuan slumps

2024-05-31 00:00:00

HONG KONG, May 30 (Reuters): Global fund launches in China have hit a record as a weakening yuan and fragile economy drive demand for foreign assets, in the latest sign of low confidence among domestic investors.Eleven funds issued under the...

Amazon adds Grubhub food delivery to its website, app in the US

2024-05-31 00:00:00

NEW YORK, May 30 (Reuters): Amazon.com on Thursday said its customers in the US can now order from Grubhub directly on its shopping app and the website, extending a deal that already offers its Prime members a no-fee access to...

EU seeks roadblocks for Chinese EVs without sparking trade war

2024-05-31 00:00:00

BRUSSELS (Belgium), May 30 (AFP): The EU faces a delicate balancing act as it prepares to rev up taxes on Chinese electric cars to protect European industry, while steering clear of a US-style showdown with Beijing that could spark a...

India's pharma export sales to grow faster this year

2024-05-31 00:00:00

HYDERABAD, May 30 (Reuters): India's pharmaceutical export sales growth is expected to pick up to nearly 11 per cent this fiscal year, from a roughly 10 per cent increase last year, led by the key US and UK markets, a...

BD working for sustainable dev of ship recycling industry: Humayun

2024-05-31 00:00:00

Industries Minister Nurul Majid Mahmud Humayun said on Thursday Bangladesh is working for sustainable development of the ship-recycling industry as per the Hong Kong ship recycling convention, reports BSS."Bangladesh has ratified the UN accord on ship recycling, also known as...

WORKSHOP ON CMSME CLUSTER HELD

2024-05-31 00:00:00

A workshop on "District-wise CMSME Cluster Identification, Cluster Engagement, and Cluster Financing-2024" was held at the New Market Municipal Convention Hall in Sirajganj on Monday. Md Mortuz Ali, Executive Director of Bangladesh Bank, attended the workshop as the chief guest...

Chinese companies rush to hike dividends, buy back shares in Japan-style reform

2024-05-31 00:00:00

SHANGHAI/HONG KONG May 30 (Reuters): Chinese listed companies are rushing to buy back shares and lift dividends as they respond to regulators' calls that echo reform efforts in Japan and South Korea, driving a welcome rally even if investors doubt...

23rd AGM of Shahjalal Islami Bank held

2024-05-31 00:00:00

The 23rd annual general meeting (AGM) of Shahjalal Islami Bank was held on May 30, 2024 through a digital platform. Chairman of the board of directors of the bank Mr. A. K. Azad, MP, presided over the meeting. The AGM...

25th AGM of BRAC Bank held virtual

2024-05-31 00:00:00

Shareholders of BRAC Bank have approved a 20 per cent dividend - 10 per cent cash and 10 per cent stock - for 2023. The approval came at the 25th annual general meeting (AGM) held on a virtual platform on...

25th AGM of Mercantile Bank held virtually

2024-05-31 00:00:00

The 25th annual general meeting (AGM) of Mercantile Bank was held virtually on Thursday (May 30, 2024). The balance sheet as on December 31, 2023 along with 10 per cent cash dividends were approved by the shareholders. The meeting was...

IPDC receives best climate award

2024-05-31 00:00:00

IPDC Finance Limited has been adjudged Best Climate Focus Financial Institute in Bangladesh.This accolade is a testament to IPDC's significant contributions towards mitigating climate change and promoting green initiatives as well as good governance and social development, says a press...

Walton launches 2 new models of All-in-One PCs

2024-05-31 00:00:00

Walton Digi-Tech Industries Limited, the country's leading technology products manufacturer, has launched two new models of All-in-One PCs, says a press release. The PCs of Unify S24 series have come with attractive design and have many advanced features including full...

Berger Paints, IAB launch 11th Berger Award for Excellence in Architecture

2024-05-31 00:00:00

Berger Paints Bangladesh Limited (BPBL), in collaboration with the Institute of Architects Bangladesh (IAB), announced the launching of the 11th Berger Award for Excellence in Architecture (BAEA), says a press release. This was disclosed at a conference at a city...

FAO launches climate smart ACCESS project to support smallholder farmers

2024-05-31 00:00:00

The Food and Agriculture Organisation of the United Nations (FAO) together with the Ministry of Agriculture and Sara Bangla Krishak Society (SBKS) launched a project titled Accelerating Economic and Social Inclusion through Strong Producers' Organisations in Bangladesh (ACCESS) in Dhaka...

Asia gas expansion threatens green transition

2024-05-31 00:00:00

BANGKOK, May 30 (AFP): Southeast Asia is on track to vastly expand its gas-fired power plant and liquid natural gas import capacity, threatening its green energy transition, a report warned Thursday.The region's existing plans project a doubling of gas-fired power...

Regulator to amend 2015 rules to help tech startups grow

FE REPORT | 2024-05-31 00:00:00

The securities regulator is set to bring changes in the public issue rules to facilitate the growth of startups and tech-based companies through listing. The provision will allow listing of companies that may lack tangible assets and ride a bumpy...

Bangladesh at the bottom of global markets in May

FE REPORT | 2024-05-31 00:00:00

The Bangladesh stock market was the worst performer globally in May this year, as the prime index plunged 333 points or 6 per cent owing to a severe confidence crisis among local and foreign investors.On the other hand, Taiwan was...

New Zealand unveils tax-cutting budget

2024-05-31 00:00:00

WELLINGTON, May 30 (AFP): New Zealand's fledgling centre-right government unveiled a tax-cutting budget for "everyday people" Thursday despite a recession and tough economic outlook.To pay for it, the ruling coalition of Prime Minister Christopher Luxon said it would tighten spending.Once...

UK business lobby calls for improved EU links

2024-05-31 00:00:00

LONDON, May 30 (AFP): Britain's business community called Thursday for whatever government emerges from the looming UK general election to improve relations with the European Union and lighten post-Brexit trade burdens.The British Chambers of Commerce (BCC) issued the plea in...

S Korean court orders SK Group boss to pay record $1b in divorce

2024-05-31 00:00:00

SEOUL, May 30 (AFP): The chairman of South Korea's sprawling SK Group was ordered by a court on Thursday to pay his wife $1 billion in cash in the country's largest divorce settlement.The Seoul High Court ordered Chey Tae-won to...

S Arabia continues to attract global investors as 64 deals signed in Q1

2024-05-31 00:00:00

RIYADH, May 30 (Arab News): Innovation and entrepreneurship attracted diverse funding partners to Saudi Arabia resulting in the finalization of over 53 per cent of investment deals in the first quarter of 2024, official data showed.The latest report issued by...

Boeing set to deliver plan to regulators on upgrading safety

2024-05-31 00:00:00

NEW YORK, May 30 (AFP): Boeing is expected to deliver on Thursday a "comprehensive action plan" required by US air safety regulators after a near-catastrophic incident in January.The American aeronautics giant has faced intense scrutiny following manufacturing problems and pointed...

BSCIC observes founding day

2024-05-31 00:00:00

The 67th founding anniversary of Bangladesh Small and Cottage Industries Corporation (BSCIC) was observed on Thursday. BSCIC Chairman Sanjay Kumar Bhoumik inaugurated the day's programme by placing a wreath at the portrait of Bangabandhu Sheikh Mujibur Rahman in the morning.

Shakawath Hossain gets Hospitality Business Professional Award

2024-05-31 00:00:00

The Tourism Operators Association of Bangladesh (TOAB) has awarded Md. Shakawath Hossain, CEO of Unique Hotel & Resorts PLC (Owning company of The Westin Dhaka, Sheraton Dhaka, and HANSA - a premium residence) the prestigious Hospitality Business Professional Award for...

Sonali Bank signs agreement with Titas Gas

2024-05-31 00:00:00

Sonali Bank PLC signed an agreement with Titas Gas Transmission & Distribution PLC to collect their 2.90 million customer's gas bill through the Sonali Payment Gateway. The signing ceremony was held at the bank's head office in the city on...

UCB HOLDS DAY-LONG TRAINING FOR ENTREPRENEURS IN NARAYANGANJ

2024-05-31 00:00:00

United Commercial Bank PLC (UCB) arranged a day-long training in Narayanganj to improve the skills of entrepreneurs working in agriculture, livestock and fisheries sectors. About 130 entrepreneurs from five upazilas of the district participated in the training course. ATM Tahmiduzzaman,...

AB BANK SIGNS MOU WITH MANA BAY WATER PARK

2024-05-31 00:00:00

AB Bank PLC inked a Memorandum of Understanding (MoU) with Mana Bay Water Park recently. Md. Rezaul Shahriar, executive vice president, Head of Branches & Distribution, AB Bank, and Salim Khan Surattee, Assistant Vice President, Mana Bay Water Park, signed...

BASIC BANK INAUGURATES ATM BOOTH AT BTRC

2024-05-31 00:00:00

BASIC Bank Limited has opened an ATM booth at Bangladesh Telecommunication Regulatory Commission (BTRC) premises at Agargaon in the Dhaka city on Saturday. Engr. Md. Mohiuddin Ahmed, Chairman of the BTRC, along with Md. Anisur Rahman, Managing Director and CEO...