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WB may take tough stance on future funding

FHM HUMAYAN KABIR | 2022-09-02 00:00:00

Laggard project-execution performance in Bangladesh's power sector, which is blamed for the current crisis, may make the World Bank toughen its stance on funding at an upcoming review, officials have said.The Bank has selected its financial-supported at least six energy-sector...

PM underlines skilled workforce to face 4IR challenges

2022-09-02 00:00:00

Prime Minister Sheikh Hasina on Thursday underlined the need for taking preparation from right now to deal with the possible changes that would happen in the domestic and international labour markets as a result of the 4th industrial revolution (4IR),...

Weather (2022-09-02)

2022-09-02 00:00:00

Light to moderate rain/thunder showers accompanied by temporary gusty wind is likely to occur at most places over Rangpur, Mymensingh and Sylhet divisions in the next 24-hour from 06:00 am today (Friday), according to the Met Office.The highest temperature in...

SC upholds bail to General Harun for six months

FE REPORT | 2022-09-02 00:00:00

The Appellate Division of the Supreme Court on Thursday upheld a High Court order that granted bail for six months to Destiny Group President and also former Chief of Army Staff Lt Gen (retd) Harun-Ar-Rashid who was sentenced to four...

Probe body gives final report

MUNIMA SULTANA | 2022-09-02 00:00:00

The inquiry committee, formed after the fatal accident at the BRT project's Uttara site, submitted its final report on Thursday, more than 15 days after the mishap, whose preliminary report held the project's Chinese contractor responsible.Neelima Akhter, additional secretary and...

Ishtiaque Abedin elected chairman of AIUB

2022-09-02 00:00:00

Ishtiaque Abedin, a founder member of American International University-Bangladesh (AIUB), was unanimously elected as chairman of the Board of Trustees of AIUB in its board meeting recently, says statement. Mr Ishtiaque is a renowned businessman. He is a member of...

AFIP Commandant Major General Susane Giti handing over a certificate

2022-09-02 00:00:00

Armed Forces Institute of Pathology (AFIP) Commandant Major General Susane Giti handing over a certificate to an officer of the Female Military Officers' Course (FMOC)-26 at Bangladesh Institute of Peace Support Operation Training (BIPSOT), at Rajendrapur Cantonment in Gazipur on...

EXIM Bank Agricultural Univ gets VC

2022-09-02 00:00:00

Professor Dr ABM Rashedul Hassan was appointed as Vice-chancellor (VC) of EXIM Bank Agricultural University, Bangladesh on Thursday, says a statement. He has a wide range of experience in the fields of education, financial management and governmental administration. Prior to...

BD reports two more Covid deaths, 216 cases

2022-09-02 00:00:00

Bangladesh reported two more Covid-linked deaths and 216 cases in 24 hours until Thursday morning, according to the Directorate General of Health Services (DGHS), reports UNB.With the new numbers, the country's total fatalities rose to 29,325 while the caseload to...

BGWS seeks Tk 25k minimum wage for RMG workers

FE REPORT | 2022-09-02 00:00:00

The Bangladesh Garment Workers Solidarity (BGWS) staged a demonstration on Thursday, demanding Tk 25,000 monthly minimum wage for the country's ready-made garment (RMG) sector workers.They also criticised the government's decision of reducing fuel oil price only by Tk 5.0 per...

23pc urban population suffers from hypertension

FE REPORT | 2022-09-02 00:00:00

Nearly 23-per cent urban population in four city corporations in Bangladesh suffers from hypertension, a common risk factor among city-dwellers that leads to several life-threatening complications, says a study.The four cities are Narayanganj, Cumilla, Mymensingh and Rangpur.The findings of the...

JCD activist held in Ctg

2022-09-02 00:00:00

CHATTOGRAM, Sept 01 (UNB): A Jatiyatabadi Chhatra Dal (JCD) politician wanted in three criminal cases has been arrested, police said on Thursday.The arrestee has been identified as Shariful Islam Tuhin, member secretary of JCD's Chattogram metropolitan unit.A police team arrested...

JP seeks to remove ailing Raushan as leader of opposition

2022-09-02 00:00:00

Jatiya Party Parliamentary Party on Thursday handed over a letter to Speaker Shirin Sharmin Chaudhury requesting her to recognise party chairman GM Quader as the leader of opposition in the Parliament, reports UNB.Currently, Raushan Ershad is the opposition leader who...

Mintoo gets anticipatory bail in two cases

FE REPORT | 2022-09-02 00:00:00

The High Court on Thursday granted anticipatory bail for six weeks to BNP vice-chairman and also former FBCCI President Abdul Awal Mintoo in two cases filed by the police with Sonagazi Police Station in Feni. Mintoo has also been asked...

UN lauds B'desh's good practices in preventing violent extremism

2022-09-02 00:00:00

UN Under-Secretary-General for Counterterrorism Vladimir Ivanovich Voronkov has appreciated the good practices of Bangladesh to counter-terrorism and prevent violent extremism, reports UNB.Voronkov invited Bangladesh to share their story of success in the upcoming high-level meeting of the heads of counter-terrorism...

SC stays HC verdict

FE REPORT | 2022-09-02 00:00:00

The Appellate Division Thursday stayed the High Court (HC) verdict that scrapped a provision of the Government Service Act, 2018 making it mandatory for law enforcers to take prior permission from higher authorities in arresting any civil servant on charges...

BNP comes in field with plan of creating chaos: Hasan

2022-09-02 00:00:00

Information and Broadcasting Minister Dr Hasan Mahmud on Thursday said BNP has come in the field making a plan of creating chaos across the country, reports BSS."BNP has arranged different programmes with a plan of creating anarchy across the country....

BNP announces 2-day protest programme

2022-09-02 00:00:00

BNP on Thursday announced a two-day programme protesting the killing of a Jubo Dal activist in Narayanganj and attacks on the party's 44th founding anniversary programmes in different parts of the country, reports UNB.BNP Secretary General Mirza Fakhrul Islam Alamgir...

Stock-picking hedge funds poised for worst performance in 10 years

2022-09-02 00:00:00

Hedge funds that actively buy and sell stocks are set for their worst performance in 10 years, based on new data from Preqin, suggesting that the tide may be turning against stock picking strategies, reports Reuters.Globally, funds that buy and...

NY Fed corporate bond distress index improved slightly in August

2022-09-02 00:00:00

A new index that measures distress in the US corporate bond markets showed a slight improvement in August, data released on Wednesday showed, suggesting an uptick in investor sentiment heading into US Federal Reserve Chair Jerome Powell's Jackson Hole speech...

Global stocks selloff intensifies on recession fears

2022-09-02 00:00:00

LONDON, Sept 1 (AFP): Global stock markets sank Thursday, propelled by rampant inflation and growing recession fears.Frankfurt, London and Paris equities each slid about 1.5 percent, while oil prices tumbled on demand worries.That followed losses across Asia as investors braced...

News Briefs (2022-09-02)

2022-09-02 00:00:00

Change of AGM timeExpress Insurance Limited: The company informed that the 22nd AGM of the company will be held on September 01, 2022 at 11:00 AM instead of earlier declared time at 11.30 AM. Other information of the AGM will...

Japan property lures private equity with solid yields, prospective deals

2022-09-02 00:00:00

TOKYO, Sep 1 (Reuters): A new wave of big private equity players including KKR & Co is moving in on Japan's property market, drawn by attractive yield spreads with Japan's low interest rates and by prospective deals with companies that...

Global factory activity slumped

2022-09-02 00:00:00

LONDON/TOKYO, Sept 01 (Reuters): Global factory activity slumped in August as Russia's war in Ukraine and China's zero Covid-19 curbs continued to hurt businesses, surveys showed on Thursday, although there were indications cost pressures were starting to ease.Manufacturing activity was...

Hawaii closes last coal-fired power plant as ban begins

2022-09-02 00:00:00

HONOLULU, Sept 01 (AP): The last bits of ash and greenhouse gases from Hawaii's only remaining coal-fired power plant slipped into the environment this week when the state's dirtiest source of electricity burned its final pieces of fuel.The last coal...

US officials order Nvidia to halt sales of top AI chips to China

2022-09-02 00:00:00

NEW YORK, Sept 01 (Reuters): Chip designer Nvidia Corp said on Wednesday that US officials told it to stop exporting two top computing chips for artificial intelligence work to China, a move that could cripple Chinese firms' ability to carry...

Amazon, Google slam Microsoft’s cloud computing changes

2022-09-02 00:00:00

BRUSSELS, Sept 01 (Reuters): Amazon and Alphabet unit Google criticised Microsoft's cloud computing changes on Tuesday, saying they limit competition and discourage customers from switching to rival cloud service providers.The US software giant on Monday announced amended licensing deals and...

Global Islami Bank signed agreement with Bangladesh Bank

2022-09-02 00:00:00

Global Islami Bank signed an agreement with Bangladesh Bank (BB) to provide investment under refinancing facilities for cottage, micro, small and medium enterprises (CMSMEs) recently. The bank has become a participating financial institution of BB under the 'Refinance Scheme against...

NRBC Bank published a special edition of 'PLANET' magazine

2022-09-02 00:00:00

NRBC Bank published a special edition of 'PLANET' magazine on Tuesday marking National Mourning Day. President of Bangabandhu Parishad of USA Dr Nuran Nabi unveiled this special edition of PLANET while SM Parvez Tamal, chairman of the bank presided over...

BDBL and Bank Asia signed agreement

2022-09-02 00:00:00

Bangladesh Development Bank Limited (BDBL) and Bank Asia Limited signed an agreement to provide remittance service as sub-agent of Western Union. Kazi Alamgir, managing director and CEO of BDBL and Areef Billah Adil Chowdhury, president and managing director (CC) of...