CAPE CANAVERAL, May 11 (AP): An unusually strong solar storm hitting Earth could produce northern lights in the U.S. this weekend and potentially disrupt power and communications.The National Oceanic and Atmospheric Administration issued a rare severe geomagnetic storm warning when...
MUMBAI, May 11 (Reuters): India's foreign exchange reserves halted a three-week losing streak and stood at $641.59 billion as of May 3, coming off seven-week lows, data from the central bank showed on Friday.The reserves rose by $3.7 billion in...
NEW ORLEANS, May 11 (Reuters): Debate over whether US interest rates are high enough deepened among Federal Reserve officials this week, and may be stoked further after a key survey showed a jump in consumers' inflation expectations."There are ... important...
IFIC Bank launches campaign to celebrate mothersIFIC Bank announced the launch of 'Jananir Jonno Bhalobasha' festival, a heartfelt tribute to mothers. The month-long celebration, inaugurated on Thursday at the bank's head office in Purana Paltan, commenced with a symbolic cake-cutting...
UCB subsidiaries introduce loyalty cards Three subsidiaries of United Commercial Bank (UCB) - UCB Stock Brokerage Limited, UCB Investment Limited & UCB Asset Management Limited - have recently introduced loyalty cards named UCB Stock Elite, UCB Investment Royale, and UCB...
Afzlul Haq | 2024-05-12 00:00:00
In the backdrop of expansion of Islamic banking operators in the country, recently this scribe attended few seminars on Islamic banking. In most cases, he observed debates on two different methods of 'profit distribution' to the Mudaraba depositors. For the...
T-shirt designing is currently proliferating both domestically and internationally. Many of these designers have achieved significant success in their endeavours. Essentially, tee shirt designers imbue their creations with beauty and creativity. Presently, tee shirt designs enjoy widespread popularity across various...
Bangladesh's rapid economic growth and urbanisation have significantly escalated both plastic consumption and pollution levels. According to a recent media report, the annual per capita plastic usage in urban areas has surged from 3kg in 2005 to 9kg in 2020,...
Atiqul Kabir Tuhin | 2024-05-12 00:00:00
The rapid evolution driven by the Fourth Industrial Revolution is reshaping how people think, live, work, and learn. In this dynamic landscape, Science, Technology, Engineering and Math (STEM) education is a vital tool to properly equip students with the skills...
Asjadul Kibria | 2024-05-12 00:00:00
When the then finance minister presented the national budget for the current fiscal year in parliament in June last year, he had taken into consideration at least six points while making proposals regarding duties and taxes at import stages. One...
The continued downward spiral of the country's bourses does not come as a surprise to market watchers. The stock markets are littered with more bad stocks than good ones and this has been a problem spanning more than a decade....
Policy Exchange hosted a roundtable discussion titled "National Budget 2024-25: Priorities for High-potential Sectors," gathering leaders from a diverse set of sectors to discuss strategic considerations for the upcoming fiscal year. On May 6, 2024, Dr. M Masrur Reaz, Chairman...
Syed Mansur Hashim | 2024-05-11 12:00:00
It is not without reason that all eyes are now locked on the unfolding situation in the Middle East. What started as a conflict between Israel and Hamas has already spilled over to the region, albeit on a limited scale....
Hasnat Abdul Hye | 2024-05-11 12:00:00
Since its Caesarean birth in 1948 in Palestine, with the colonial powers acting as the midwives, the state of Israel has played the role of victim capitalising on the legacy of holocaust during the second world war. The allied powers...
BEIJING, May 10 (AFP): One of China's wealthiest cities said Thursday it would lift all restrictions on buying homes, joining a growing list of urban areas rolling back curbs as they look to prop up the faltering property market.Many Chinese...
Stefan Liller, Resident Representative of the United Nations Development Programme (UNDP) in Bangladesh, praised Beximco Industrial Park for its remarkable progress in sustainable manufacturing. Liller, along with a delegation, toured Beximco's facilities on Thursday witnessing first-hand the integration of advanced...
In a bid to enhance workplace safety and save lives, a first aid training programme targeting shipbreaking workers was conducted at Chattogram's Sitakunda Upazila Conference Hall on Thursday.Organized by the Bangladesh Institute of Labour Studies (BILS), the initiative underscores the...
Joyeeta Foundation signed a Memorandum of Understanding (MoU) with AB Bank on 'Smart card scooty loan project'. Under this MoU, AB Bank will disburse loans to women with easy interest for procuring scooty under Revolving Capital Support Fund of Joyeeta...
LITTLETON (Colorado), May 9 (Reuters): India's coal-fired electricity generation and power sector emissions hit record highs during the first quarter as above-average temperatures spurred higher air conditioner use and economic expansion drove greater overall power consumption.Coal-fired electricity output hit 338...
The National Board of Revenue (NBR) was putting a heavier tax burden on those already paying taxes, said Salman F Rahman, Private Industry and Investment Adviser to the Prime Minister, at a function on Thursday.He said all of those having...
Growing hopes that the US Federal Reserve and other central banks are close to cutting interest rates helped push Asian stocks higher on Friday, report agencies.Hong Kong led Asia-Pacific stocks higher as markets tracked Wall Street gains, with renewed hopes...
Demand for global equity funds rose sharply in the seven days to May 8, driven by renewed bets on Federal Reserve interest rate cuts after a softer than anticipated US employment report, reports Reuters.Investors bought a net $12.72 billion worth...
Southeast Bank PLC distributed special CSR fund among farmers for cultivation and purchasing agricultural machinery. Nuruddin Md. Sadeque Hossain, Managing Director of Southeast Bank, handed over the financial assistance to grassroots farmers at the bank's head office recently. The financial...
FE REPORT | 2024-05-11 00:00:00
IPDC Finance, one of the leading non-bank financial institutions, has reported more than 21 per cent growth in profit year on year in the January-March quarter, fuelled by higher investment income and reduction of operating expenses.The non-bank financial institution (NBFI)...
FE REPORT | 2024-05-11 00:00:00
Stocks reversed earlier gains this week but managed to log weekly gains as investors digested a policy rate hike by the central bank. The market faced a major setback in the last two days of the week as the Bangladesh...
The United Nations General Assembly on Friday backed a Palestinian bid to become a full UN member by recognizing it as qualified to join and recommending the UN Security Council "reconsider the matter favourably."The vote by the 193-member General Assembly...
Farmers cutting and bundling paddy into sheaves at Sariakandi upazila in Bogura district, as the Boro harvest season progresses across the country. — FE Photo
NEW DELHI, May 10 (PTI): The Supreme Court of India on Friday gave Delhi Chief Minister Arvind Kejriwal interim bail till June 1 for campaigning in the ongoing Lok Sabha elections.A bench of Justices Sanjiv Khanna and Dipankar Datta said...
FE REPORT | 2024-05-11 00:00:00
The Directorate General of Health Services (DGHS) has ordered to shut down the operation of all illegal canteens and unauthorized pharmacies at government hospitals.The order also restricted giving any fresh authorization to open new canteens or pharmacies."All illegal, unauthorized, expired...
FE REPORT | 2024-05-11 00:00:00
Investors go improvising as the central bank put planned live display of secondary money-market yield curves that inter alia indicate economic dynamics, like expansion, recession or uncertainty.Sources say the move is being delayed as the Bangladesh Bank is now taking...
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