FE REPORT | 2025-10-03 00:00:00
Years of electricity-generation expansion falls short of catering Bangladesh's demand and its reliance on imported fossil fuels leaves the country susceptible to global price shocks and supply shortages, experts alert.A new report by the International Institute of Energy Economics and...
WASHINGTON, Oct 2 (AFP): G7 finance ministers pledged Wednesday to take aim at those who are continuing to step up purchases of Russian oil, since Moscow's invasion of Ukraine more than three years ago.In a statement after a virtual meeting,...
Clouds blanketed the sky and relentless rain battered the shore, but Cox's Bazar still heaves with Durga Puja crowds, where every hotel room was snapped up as holidaymakers defied the storm to revel by the sea despite a cautionary signal...
FE REPORT | 2025-10-03 00:00:00
A Bangladeshi start-up has teamed up with a Malaysian production house to break into two fast-growing sectors -- digital finance and animation -- in a move its backers say could transform access to credit and diversify the country's exports beyond...
FE REPORT | 2025-10-03 00:00:00
Bangladesh Data Centre Company Limited (BDCCL) has moved to revise what it terms a 'one-sided' cloud service agreement with tech giant Oracle, seeking a refund of USD 3.68 million and sweeping changes to protect national interests.Acting on directives from the...
TAIPEI, Oct 02 (Reuters): Taiwan is considering forming a high-tech strategic partnership with the US, which wants increased Taiwanese investment, the island's top tariff negotiator said on Thursday, giving an update on talks with Washington.Taiwan, home to the world's biggest...
WASHINGTON, Oct 02 (Reuters): As President Donald Trump's regulators revamp bank rules, big lenders expect their capital requirements could fall, in a stunning victory for the industry which faced a big hike under former President Joe Biden, according to senior...
RIYADH, Oct 02 (Arab News): The Kingdom of Saudi Arabia (KSA) has signed five agreements with Vietnamese firms spanning construction, tourism, and infrastructure, expanding its investment footprint in the Southeast Asian nation. The deals also included advanced furniture manufacturing and...
RIYADH, Oct 02 (Arab News): Day one of the Global Cybersecurity Forum Annual Meeting concluded here with calls for governments and the private sector to secure critical infrastructure and build international agreements against mounting cybersecurity threats.Macky Sall, the former president...
WASHINGTON, Oct 02 (AFP): Billionaire Elon Musk, the world's richest person, is nearly halfway to becoming the planet's first trillionaire, Forbes magazine reported on Wednesday.The Tesla and SpaceX CEO became the first person to achieve a net worth of $500...
NEW YORK, Oct 2 (Reuters): Investors have anticipated for weeks the risks of a US government shutdown, opens new tab to markets. Now that it is here, they are hoping it will be brief.A shutdown that lasts at least several...
SINGAPORE, Oct 2 (Reuters): The boom in private credit and private equity is poised for a reality check as an untested credit cycle collides with fragile exit routes in Asia's public markets, two senior investment executives said at a conference...
FE REPORT | 2025-10-03 00:00:00
Shanta Lifestyle has officially partnered with Kohler, a 150-year-old global leader in the luxury bathroom segment, to introduce the iconic brand to Bangladesh and strengthen its portfolio of world-renowned names.The launch event took place at Kohler's new showroom in Concord...
Zahir Steel and Rerolling Mills Limited (ZSRM) held a view-exchange meeting with contractors, dealers and construction workers from Satkhira recently. The discussion focused on ZSRM bars. Director of ZSRM Md Sohrawardy presided over the event. CEO Md Humayun Kabir, GM...
Asian Infrastructure Investment Bank (AIIB) and New Development Bank (NDB), two global multilateral development banks, have jointly signed an agreement with City Bank to provide a total of $75 million in long term financing. Under the arrangement, AIIB will give...
Prime Bank recently signed an agreement with Fair Technology Limited to offer its customers exclusive discounts on Hyundai vehicles. Fair Technology is the official manufacturer and authorised distributor of Hyundai passenger vehicles. The deal was signed recently at Prime Bank's...
FE REPORT | 2025-10-03 00:00:00
The Asian Development Bank (ADB) signed a $30 million sustainability-linked loan agreement with Envoy Textiles. The transaction with Envoy is the follow-on to a textile manufacturing project with the ADB in 2022, according to an ADB news release on Thursday.This...
FARHAN FARDAUS | 2025-10-03 00:00:00
Asset-quality reviews conducted by foreign firms this year have uncovered hidden bad debts and under-reported non-performing loans (NPLs) in domestic banks and other financial institutions, exposing the futility of the local credit rating industry.Experts say the industry is overcrowded, creating...
KUALA LUMPUR/BEIJING, Oct 2 (Reuters): China and Malaysia are in early talks for a project to process rare earths, with sovereign wealth fund Khazanah Nasional likely to partner with a Chinese state-owned firm to build a refinery in the Southeast...
WASHINGTON, Oct 2 (Reuters): The US federal government shutdown that began Wednesday will halt some payments to farmers and delay access to federal farm loans, the latest blow for producers already facing low crop prices, record-high debts and a trade...
RIYADH, Oct 2 (Arab News): As Saudi Arabia accelerates its transformation under Vision 2030, the beauty industry is not only keeping pace - it is helping to lead the charge. At the forefront of this dynamic is L'Oreal, whose latest...
SINGAPORE, Oct 2 (Reuters): Demand for liquefied natural gas as a marine fuel will at least double by 2030 as abundant supply and rising emissions regulations spur orders for ships that can run on it, industry executives said.Massive LNG export...
Gold prices rose on Thursday, hovering near record highs, as heightened expectations of further US interest rate cuts this year and political uncertainty on account of a contentious US government shutdown drove demand for the metal, reports Reuters.Spot gold was...
LONDON, Oct 2 (Reuters): Oil prices edged lower on Thursday, extending a run of declines into a fourth day due to concerns about oversupply in the market.Brent crude futures fell 37 cents, or 0.6 per cenr, to $64.98 a barrel...
A total of eight persons were killed in separate road accidents in Feni, Sitakunda, Jhenaidah and Naogaon districts on Thursday, report agencies.In Feni, at least three people, including two women, were killed and 10 others injured when a speeding bus...
RANGPUR, Oct 02 (UNB): The number of confirmed anthrax infections climbed to 17, with four new individuals diagnosed with the disease in three upazilas of Rangpur.Among the new cases, two were identified in Kaunia, one in Pirgachha, and one in...
The Flood Forecasting & Warning Centre (FFWC) of the Water Development Board has warned that the water levels of the Muhuri, Selonia and Feni rivers may rise due to heavy rainfall triggered by a deep depression in the Bay of...
OUR CORRESPONDENT | 2025-10-03 00:00:00
Gaibandha, Oct 02: A young grower, Ashikur Rahman, has seen success after starting grape fruit cultivation for the first time in Gaibandha district at his orchard in Tepa Pudamshahar village of Saghata Upazila.He is cultivating thirty-six varieties of the fruit...
OUR CORRESPONDENTS | 2025-10-03 00:00:00
One key road in Ishwardi upazila of Pabna district and a few others in Manikganj municipality have fallen into disrepair with innumerable potholes developing making them impassible for the regular commuters. Travelling has become difficult, with asphalt, bricks, stones and...
PARIS, Oct 02 (AP): Having set a new Champions League record last time out, Erling Haaland is fast approaching another.The Manchester City striker became the fastest player to score 50 goals in the competition with one against Napoli last month....
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