ACC pushes back at criticism over Tulip conviction

The Anti-Corruption Commission (ACC) on Wednesday issued a detailed response to concerns raised over the trial and sentencing of Tulip Siddiq, daughter of Sheikh Rehana and niece of former prime minister Sheikh Hasina, insisting that her conviction was based on...

Sk Bashir slams traders for raising prices at whim

Commerce Adviser Sk Bashir Uddin on Wednesday came down heavily on traders for raising edible oil prices without having prior approval from the government.He also warned the traders concerned of taking action upon their failure to justify the price hike."…the...

New MPPA framework set to transform renewables

Experts and sector insiders at a discussion on Wednesday said the imminent Merchant Power Purchase Agreement (MPPA) framework would transform how industries in Bangladesh procure renewable energy.The possible transition of the renewable energy sector would also help Bangladesh prepare for...

Govt set to slash mobile phone import duty to curb illegal mkt

The government has initiated a major move to cut import duty on mobile handsets, aiming to lower consumer prices and curb the influx of illegal, cloned and refurbished devices.The decision came from a high-level coordination meeting held on Monday at...

Play historic role in nat’l elections, referendum

Chief Advisor Muhammad Yunus has called on members of the armed forces to play a "historic" role in the national election and referendum scheduled for February, reports bdnews24.com.He also praised the forces' contribution to national security, progress, nation-building, and their...

Prayer Timings (2025-12-04)

UK medical specialists in Khaleda's care

A four-member expert medical team from the UK arrived in Dhaka Wednesday and soon joined in the treatment of ex-premier and BNP chairperson Khaleda Zia at Evercare Hospital, alongside other foreign and local physicians.Led by Dr Richard Beale, the doctors...

Bangladesh gets deep into hard-term debts

Bangladesh is increasingly getting into hard-term-debt burden by taking volumes of non-concessional loans particularly for bankrolling some mega-and major projects, officials say and warn of forex risks.In the first quarter of the current fiscal year (FY) 2025-26, the country had...

FoC limit removal to hit local value addition

Leading textile mill owners and garment accessories manufacturers have strongly opposed the government's reported plan to remove the existing Free of Cost (FoC) import ceiling as part of amending the Import Policy Order 2021-2024, warning that such a move will...

Falling Indian Rupee may prove mixed blessing for BD

A deep depreciation of the Indian rupee or INR may offer short-term relief for Bangladeshi importers but could pose disadvantage to exporters, particularly apparel sector where India is emerging as a strong competitor.Economists see the INR slide as a "double-edged...

CA at hospital, inquires about Khaleda's health

Chief Adviser Professor Muhammad Yunus on Wednesday evening visited Evercare Hospital to inquire about the health of BNP chairperson Begum Khaleda Zia, thrice-serving former Prime Minister and wife of a former President.Upon his arrival at the hospital, he was received...

A slew of 7,379 BD products getting free market access

Bangladesh's maiden bilateral free-trade agreement is being signed this month with Japan that will accord 7,379 Bangladeshi products duty-free quota-free (DFQF) market access to world's third-largest economy immediate after the deal-making, officials say.The deal, coming under the umbrella of Economic...

Hugo Boss stock slides as fashion brand warns on sales, profit

BERLIN, Dec 3 (Reuters): Hugo Boss shares dropped 11 per cent on Wednesday after it warned that its sales and profit would fall next year, as the struggling German fashion brand embarks on a strategic reset.Days after its top shareholder...

The AI frenzy is driving a memory chip supply crisis

An acute global shortage of memory chips is forcing artificial intelligence and consumer-electronics companies to fight for dwindling supplies, as prices soar for the unglamorous but essential components that allow devices to store data, reports Reuters. Japanese electronics stores have...

ICB HOLDS DOA AND MILAD MAHFIL FOR QUICK RECOVERY OF KHALEDA ZIA

The Investment Corporation of Bangladesh (ICB) held a doa and milad mahfil at its head office in Dhaka on Wednesday, praying for quick recovery, long life and well-being of former prime minister and BNP Chairperson Begum Khaleda Zia. ICB Chairman...

Global Sourcing Expo ends

The three-day Global Sourcing Expo-2025 Dhaka, the first of its kind in Bangladesh, concluded at the Bangladesh-China Friendship Exhibition Centre (Big Wave) in Purbachal on Wednesday.Mohammad Hassan Arif, Vice-Chairman and Chief Executive of the Export Promotion Bureau (EPB), presided over...

Shahjalal Islami Bank provides financial AIDES for blood cancer patient

As part of Corporate Social Responsibility (CSR) Programme, Shahjalal Islami Bank PLC has provided financial assistance of Tk 500,000 for Md. Shahin Mollah, a resident of Shuktail Village, Gopalganj, on Tuesday to support the treatment for his blood cancer. Deputy...

Mohibul buys Vision blender, wins flat

Vision Emporium, the electronics retail chain under the leading business conglomerate RFL, has announced the winner of its flagship campaign, 'Dream Home' Offer Season-2. Mohibul Islam from Bogura has won the first flat in the campaign.The key to the flat...

Berger Paints launches 'Colour Carnival'

Berger Paints Bangladesh officially inaugurated this year's 'Colour Carnival' campaign at the Berger Experience Zone, Bashundhara, on Tuesday. Senior officials, partners, representatives, and invited guests were present at the event, marking the beginning of Berger's signature month-long celebration for consumers...

EU delegation lauds ACI Agrolink's shrimp processing standards

Delegates from eight EU and Asian countries visited the ACI Shrimp Genetics Nursery and the ACI Agrolink Shrimp Processing Factory recently as part of a regional workshop organised under the European Union's (EU) 'Better Training for Safer Food' (BTSF) programme.They...

BTRC conducts public hearing via Convay

The Bangladesh Telecommunication Regulatory Commission (BTRC) has for the first time conducted its national public hearing entirely through Convay, a locally developed video-conferencing platform, marking a new milestone for domestic technology adoption in key government processes.The sixth annual hearing, streamed...

PUBALI BANK HONOURED as "BEST ISLAMIC BANKING WINDOW IN BANGLADESH"

Pubali Bank has been recognised with the award of "Best Islamic Banking Window in Bangladesh 2025" given by Islamic Retail Banking Awards (IRBA). This honour reflects Pubali Bank's continued progress in Islamic banking services. Organised by internationally accredited Cambridge IFA-UK,...

MTB SECURITIES ACHIEVES FIX CERTIFICATION FROM DSE

MTB Securities has recently been awarded the financial information exchange (FIX) certification by the Dhaka Stock Exchange (DSE). This achievement has enabled the company to launch its own hosted order management system (OMS), marking a significant milestone that will improve...

Ex-MD of IFIC Bank fined over promotion of IFIC Aamar Bond

The stock market regulator has fined a former managing director of IFIC Bank Tk 50 million for allowing the promotion of a bond issued by a real estate company using the bank's brand name.Shah Alam Sarwar, former managing director of...

2 shareholder-directors elected unopposed to DSE board

Md Hanif Bhuiya and Md Sajedul Islam have been elected uncontested as shareholder-directors of the Dhaka Stock Exchange (DSE) for the next three years.They will replace Md Shakil Rizvi, managing director of Shakil Rizvi Stock, and Mohammad Shahjahan, managing director...

Regulator launches action against DBBL over related-party building purchase

The securities regulator has initiated enforcement action against Dutch-Bangla Bank Ltd. (DBBL) over what it described as a conflict of interest linked to a plan to purchase a multi-storied building. On August 26, the bank's board of directors decided to...

EU plans to end its dependence on China for rare earths

BRUSSELS, Belgium, Dec 3 (AFP): The EU on Wednesday releases its plan to try to end the 27-nation bloc's dependence on China for rare earths, as Beijing's stranglehold threatens key industries.China, the world's top producer of rare earths, in October...

Prime Bank hosted Annual Risk Conference 2025

Prime Bank has recently hosted its Annual Risk Conference 2025 at Prime Tower in Nikunja, Dhaka, reaffirming its commitment to fostering a proactive risk culture and ensuring sustainable growth in alignment with regulatory standards. A.N.M. Moinul Kabir, Director of the...

Trust Bank signs MoU with CG Runner BD Limited

Trust Bank PLC and CG Runner BD Limited, the official distributor of BYD Bangladesh, have recently signed an agreement at the office of CG Runner BD Limited. Under the agreement, BYD customers will be eligible for Trust Bank Auto Loans...

Global growth to slow to 2.6 pc in 2025: UN report

GENEVA, Dec 3 (Xinhua): Global growth will slow to 2.6 percent in 2025, down from 2.9 percent in 2024, due to growing pressure from financial volatility and geopolitical uncertainty facing global trade and investment, the United Nations Trade and Development...