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Weather (2024-05-28)

2024-05-28 00:00:00

Light to moderate rain/thunder showers accompanied by temporary gusty/squally wind is likely to occur at most places over Khulna, Barishal, Dhaka, Chattogram, Rajshahi, Rangpur, Mymensingh and Sylhet divisions in the next 24 hours today (Tuesday), according to the Met Office....

One dies of dengue _

2024-05-28 00:00:00

One more death was reported from dengue in 24 hours until Monday morning, raising the number of fatalities from the mosquito-borne disease in Bangladesh to 34 this year, reports UNB.During the period, 16 more patients were hospitalised with viral fever,...

Workshop on Right to Information Act

2024-05-28 00:00:00

Bangabandhu Sheikh Mujibur Rahman Aviation and Aerospace University Vice Chancellor Air Vice Marshal A K M Manirul Bahar and Director of Information Commission Dr Md Abdul Hakim, among others, attended a workshop on Right to Information Act on the university...

12th Annual General Meeting and workshop of AAPTC

2024-05-28 00:00:00

Chief of Army Staff General SM Shafiuddin Ahmed speaking at the inaugural session of the 12th Annual General Meeting and workshop of AAPTC at Bangladesh Institute of Peace Support Operation Training (BIPSOT) in Rajendrapur Cantonment, Gazipur on Monday — ISPR

SC refuses bail to Destiny Group MD Rafiqul

FE REPORT | 2024-05-28 00:00:00

The Appellate Division of the Supreme Court on Monday refused to grant bail to Destiny Group Managing Director Rafiqul Amin in a case filed against him and others on charge of embezzling more than Tk22.57 billion through Destiny Tree Plantation...

Local govt polls also marked by one-party dominance: TIB

FE REPORT | 2024-05-28 00:00:00

Transparency International Bangladesh (TIB) observed on Monday that just like the national elections, the local government body elections are also characterised by one-party dominance and growing influence of business interests.Besides, TIB called on the Election Commission (EC), National Board of...

Call for stopping commercial release of golden rice, BT brinjal

FE REPORT | 2024-05-28 00:00:00

Civil society members have urged the government to refrain from giving commercial approval to all types of genetically modified crops and foodstuff, including golden rice and BT brinjal.They made the call on Monday by sending a letter to the secretaries...

EC asks to withdraw four OCs under Ctg div to ensure fair upazila polls

2024-05-28 00:00:00

CHATTOGRAM, May 27 (UNB): The Election Commission (EC) ordered Inspector General of Police (IGP) to withdraw four Officers-in-Charge (OCs) from Chattogram division due to their controversial records to ensure a free, fair and neutral election of the sixth upazila parishad...

Polls halted in 19 upazilas due to Cyclone Remal

2024-05-28 00:00:00

The Election Commission on Monday postponed the elections to 19 out of 109 upazila parishads slated for tomorrow (Wednesday) due to the landfall of cyclone Remal on Sunday, report agencies.Election Commission Secretary Md Jahangir Alam said this at a press...

BNP reiterates demand for Khaleda, other party leaders' release

FE REPORT | 2024-05-28 00:00:00

Bangladesh Nationalist Party (BNP) reiterated on Monday its demand to the government for immediate release of detained party leaders including party chairperson Begum Khaleda Zia.Standing committee member of BNP Nazrul Islam Khan voiced the demand at a human chain programme...

PM will visit cyclone-hit areas: Quader

2024-05-28 00:00:00

Awami League (AL) General Secretary Obaidul Quader said on Monday that party President and Prime Minister Sheikh Hasina will visit the cyclone-hit areas once the weather situation improves, reports BSS."Prime Minister Sheikh Hasina monitored the situation of the cyclonic storm...

Indian shares inch lower in choppy trade amid high volatility

2024-05-28 00:00:00

BENGALURU, May 27 (Reuters): Indian stocks closed lower on Monday as an extended rally in financial stocks on the central bank's record dividend last week was offset by a drop in energy firms, with volatility remaining high on nerves around...

A four-member delegation of Huawei Technology (Bangladesh)

2024-05-28 00:00:00

A four-member delegation of Huawei Technology (Bangladesh) led by Allen Liu, vice president of Huawei South Asia region, met Dhaka Stock Exchange (DSE) Chairman Prof Dr Hafiz Md Hasan Babu in Dhaka recently. During the visit, the DSE chairman saught...

Alibaba's AliExpress recruits Beckham to 'score more' global sales

2024-05-28 00:00:00

SHANGHAI, May 27 (Reuters): AliExpress, an e-commerce site owned by Chinese giant Alibaba, has signed former England soccer captain David Beckham as a brand ambassador as it plays catch-up with rival PDD Holdings' Temu in a battle to sell cheap...

Software Shop's dues to BTRC under consideration

2024-05-28 00:00:00

Software Shop Limited has issued a statement on its dues to Bangladesh Telecommunications Regulatory Commission. In the statement, the company said, "A news item on May 14, 2024, concerning Software Shop Limited's dues to the BTRC has come to our...

China premier meets Samsung boss, vows to help foreign firms

2024-05-28 00:00:00

SEOUL, May 27 (AFP): China's Premier Li Qiang said his country will always be open to foreign companies and promised steps to boost their confidence in the world's second-largest economy, state media reported.Li made the comments during his meeting with...

ICAB workshop on 'Audit Practice Software for CA Firms'

2024-05-28 00:00:00

The Institute of Chartered Accountants of Bangladesh (ICAB) organised a workshop on 'Implementation of Audit Practice Software for CA Firms in Bangladesh' at ICAB Auditorium on Monday. ICAB President Mohammed Forkan Uddin, Past President & Council Members Mohammed Humayun Kabir,...

Sonali Bank workshop on GRS Software

2024-05-28 00:00:00

Sonali Bank PLC organised a training workshop on 'Grievance Redress System (GRS) and its software' at the conference room of its head office on Monday. Chief Executive Officer of the bank Md. Afzal Karim attended the workshop as the chief...

SCB delegation meets State Minister for Commerce

2024-05-28 00:00:00

Newly-elected board of directors of Shippers' Council of Bangladesh (SCB) for the term 2024 & 2025 led by its Chairman Md Rezaul Karim paid a courtesy call on State Minister for Commerce Ahasanul Islam Titu at his office in the...

Southeast Bank distributes special CSR fund -_

2024-05-28 00:00:00

Southeast Bank distributed special CSR fund among farmers for cultivation and purchasing agri-based machinery. The financial assistance was handed over to Mifta Naim Huda, executive director of the Centre for Development Innovation and Practices (CDIP), in presence of Nuruddin Md....

Pubali Bank launches Visa debit, credit cards with BSMMU

2024-05-28 00:00:00

Pubali Bank launched co-branded Visa debit and credit cards with Bangabandhu Sheikh Mujib Medical University (BSMMU) at Shahid Dr. Milon Auditorium, BSMMU on Monday. Mohammad Ali, managing director & CEO of Pubali Bank, and Professor Dr. Deen Mohd. Noorul Huq,...

Govt to monitor egg market amid price manipulation concern

FE REPORT | 2024-05-28 00:00:00

The government will monitor the egg market amid a recent hike in the price of the widely consumed item following reports that vested quarters have stored a vast quantity of eggs in cold storages.Agriculture minister Dr Md Abdus Shahid told...

Experts call for strong policies, regional cooperation to overcome challenges

2024-05-28 00:00:00

Industry leaders have highlighted critical challenges and promising prospects in the steel, cement, and energy sectors during the 4th International Trade Summit held at a city hotel recently. The summit with the theme 'Sustainable Future' was organised by BigMint, India,...

Commerce ministry and VCPEAB to boost venture capital, startups together

2024-05-28 00:00:00

A five-member delegation from Venture Capital and Private Equity Association of Bangladesh (VCPEAB) led by its President Shameem Ahsan held a meeting with State Minister for Commerce Ahasanul Islam Titu at the Bangladesh Secretariat on Sunday, says a press release.During...

BD Thai seeks more time to utilize IPO fund as dollar dearth impedes imports

FE REPORT | 2024-05-28 00:00:00

BD Thai Food & Beverage has sought a 12-month extension to fully utilise its IPO (initial public offering) fund, having failed to import certain machines for the dollar crisis. It had been given 24 months' time that ended in January...

Blue chips turn market around after nine days

FE REPORT | 2024-05-28 00:00:00

Stocks rebounded on Monday snapping a nine-day losing streak, as a majority of the blue-chip stocks experienced appreciation. At the end of the session, the DSEX settled at 5310.51 points after a rise of 1.13 per cent or 59.66 points.Buoyed...

German business sentiment stagnates in May

2024-05-28 00:00:00

BERLIN, May 27 (Reuters): German business morale stagnated in May, a survey showed on Monday, falling short of a forecast improvement and suggesting the recovery of Germany's economy this year will be slow progress.The Ifo institute said its business climate...

S Arabia's top banks see 8pc earnings surge to $5b in Q1

2024-05-28 00:00:00

RIYADH, May 27 (Arab News): Saudi Arabia's top 10 listed banks saw their earnings surge by 8 per cent in the first quarter of 2024, reaching SR18.65 billion ($5 billion) compared to the corresponding period of the previous year. The...

In China, Starbucks tries to avoid price war but gets dragged into discounting

2024-05-28 00:00:00

SHANGHAI, May 27 (Reuters): As Starbucks faces stiff competition for its brew in China from fast-growing, low-cost rivals who have chipped into its market share, the coffee chain is increasingly being dragged into a price war it says it wants...

Indian drugmakers to see FY25 revenue boost in US market

2024-05-28 00:00:00

HYDERABAD, May 27 (Reuters): Indian drugmakers, which have the US market as a key segment, will sustain their revenue improvement in fiscal 2025 due to drug shortages in the United States, Mumbai-based India Ratings and Research said on Monday.India is...