FE Today Logo

Search results for:


Five docs signed, FTA talks ahead

2024-04-27 00:00:00

BANGKOK, Apr 26: Prime Minister Sheikh Hasina invited Thailand to explore the prospects for investing in Bangladesh's potential sectors, including hospitals and medical facilities, as the two countries Friday signed cooperation documents.She also sought Thai investments in special economic zones...

Gross forex stocks of banks falling fast

JUBAIR HASAN | 2024-04-27 00:00:00

Gross foreign-exchange holding by commercial banks keeps falling as factors like currency swap and widening deficit in trade credits principally weigh down, competent sources say.On the other hand, officials and bankers have said, the import orders amid belt-tightening steps taken...

DHAKA BANK OPENS 31ST SUB-BRANCH

2024-04-27 00:00:00

A M M Moyen Uddin, Deputy Managing Director, Dhaka Bank PLC, formally inaugurated the bank's 31st sub-branch named 'Shonir Akhra Sub-Branch' under the Jatrabari Branch at Shonir Akhra in Dhaka on Wednesday. Mostaq Ahmed, Ward Commissioner of the 62 No....

Global stocks gain on Big Tech lift, yen swings to fresh 34-yr low

2024-04-27 00:00:00

NEW YORK/LONDON, Apr 26 (Reuters): Global stocks were higher on Friday as Big Tech gains lifted Wall Street shares, while Japan's yen hit a fresh 34-year low after the Bank of Japan (BOJ) opted to keep monetary policy loose at...

Global equity funds see fourth week of outflows

2024-04-27 00:00:00

Global equity funds recorded outflows for the fourth consecutive week as of April 24, affected by diminishing hopes of rapid Federal Reserve rate cuts this year amid a series of higher-than-expected US inflation readings, reports Reuters.Investors pulled out $2.7 billion...

Strong dollar, higher costs eat into JMI Syringes profit

FE REPORT | 2024-04-27 00:00:00

JMI Syringes & Medical Devices' net profit plunged by 54 per cent year on year to Tk 15.12 million in nine months through March this year owing to strong dollar and higher import costs.The supplier of medical equipment, especially syringes,...

Stocks hit new low in three years

FE REPORT | 2024-04-27 00:00:00

Stocks continued on their downward trajectory this week, with the benchmark equity index plunging below 5,600 mark for the first time in three years despite regulatory efforts to stem the market decline. Panicked by the macroeconomic uncertainty and geopolitical crisis,...

Pak economic conditions show improvement, says PM

2024-04-27 00:00:00

Pakistan's economic indicators are showing positive signs, with an agenda of painful reforms and privatisation on track, Prime Minister Shehbaz Sharif said on Friday, ahead of an IMF board meeting to decide on a $1.1 billion funding for the country.The...

US economy slows in Q1, inflation flares up

2024-04-27 00:00:00

WASHINGTON, Apr 26 (Reuters): The US economy grew at its slowest pace in nearly two years in the first quarter amid some moderation in consumer spending and a wider trade deficit, but an acceleration in inflation reinforced expectations that the...

Global Basel Committee bolsters rules for supervising banks

2024-04-27 00:00:00

LONDON, Apr 26 (Reuters): The world's forum for banking regulators on Thursday tightened up its rulebook to focus better on spotting risks from climate change, the rise of non-banks, and digitalisation of finance.The Basel Committee on Banking Supervision, made up...

National committee formed to boost fisheries sector growth

FE REPORT | 2024-04-27 00:00:00

The government has formed a 29-member national committee on fish and shrimp to formulate necessary policy aimed at fostering growth in the sector.Members of the committee, headed by the Prime minister, include 12 ministers and junior ministers from different ministries,...

Annual business conference of Delta Life Insurance

2024-04-27 00:00:00

The Annual Business Conference for the year 2023 of Delta Life Insurance Company Limited was held at a hotel in Cox's Bazar. Chairman of the company and former member of the parliament Hafiz Ahmed Mazumdar was present as the chief...

UK urged to ease visa for BD workers

2024-04-27 00:00:00

State Minister for Expatriates' Welfare and Overseas Employment Shofiqur Rahman Choudhury MP has called on the UK government to ease visa conditions for Bangladeshi restaurant workers who want to work in the UK's hospitality and catering sectors, reports UNB.Shofiqur Rahman...

Bangladesh participates in Japan IT Week

2024-04-27 00:00:00

TOKYO, Apr 26 (UNB)- Bangladesh participated in Japan IT Week, Spring, 2024 held from April 24- 26, 2024 at the Tokyo Big Sight. Ambassador of Bangladesh to Japan Shahabuddin Ahmed and Managing Director of Bangladesh Hi-Tech Park Authority G S...

Patenga Container Terminal set for opening in June

NAZIMUDDIN SHYAMOL | 2024-04-27 00:00:00

CHATTOGRAM, Apr 26: The Patenga Container Terminal will be commissioned in June this year, marking the first time a foreign company will manage a terminal at Chittagong port.The container terminal, financed by the port itself, has been awarded to Red...

Shahin, Vladimir take joint lead in deaf chess

2024-04-27 00:00:00

Md Obaidul Islam Shahin of Bangladesh and Donskikh Vladimir of Kazakhstan took joint lead in the points table with maximum three points after the third round games of 1st Asia Pacific Individual Deaf Chess Championship which is now being held...

Atletico face Bilbao challenge in Champions League race

2024-04-27 00:00:00

BARCELONA, Apr 26 (AFP): Atletico Madrid have the chance to keep Athletic Bilbao at arm's length in the race to qualify for the Champions League when the sides meet on Saturday in La Liga.Diego Simeone's stumbling Atletico, fourth, have a...

PSG in perfect form to finish season in style

2024-04-27 00:00:00

PARIS, Apr 26 (Reuters): Paris St Germain can wrap up the Ligue 1 title this weekend, and with the Champions League and Coupe de France still to play for, the team is in the best possible form, manager Luis Enrique...

France plans 6,000 police to secure Olympic torch arrival

2024-04-27 00:00:00

MARSEILLE, Apr 26 (AFP): Some 6,000 police will be deployed next month to secure the arrival from Greece of the Olympic torch in the French city of Marseille, Interior Minister Gerald Darmanin said Friday.The extra officers will be mobilised on...

UCB Women's Football League begins today

2024-04-27 00:00:00

The nine-team UCB Women's Football League 2023-24, Powered by Upay, begins on today (Saturday) at the Bir Shreshtha Shaheed Shipahi Mohammad Mostafa Kamal Stadium in Kamalapur in the city, reports UNB.Bangladesh Army SC Ltd will play Ataur Rahman Bhuiyan College...

Sabalenka struggles through in Madrid Open

2024-04-27 00:00:00

MADRID, Apr 26 (AFP): Defending Madrid Open champion Aryna Sabalenka battled past Magda Linette 6-4, 3-6, 6-3 on Friday to reach the third round.The Australian Open winner has been in poor form since then and her Polish opponent fought well...

Brazil great Marta to retire from int'l football at end of year

2024-04-27 00:00:00

MELBOURNE, Apr 26 (Reuters): Brazil's all-time top scorer in both men's and women's football, Marta, will retire from internationals this year, the 38-year-old striker said ahead of the Paris Olympics.Marta, who has been playing in the United States with Orlando...

Dhaka Abahani, Fortis FC advance

2024-04-27 00:00:00

Six times champions Dhaka Abahani Limited managed a hard-fought 1-0 goal victory over hosts Sheikh Russel KC in the Bashundhara Bangladesh Premier League (BPL) Football 2023-24 at the Bashundhara Kings Arena in the city on Friday afternoon, reports UNB.Despite the...

World's first artists, relevance now

Sadia Shamim | 2024-04-27 00:00:00

Art is as old as time, and older than history and human civilization. For a long time since the emergence of humans on the face of Earth, homosapiens had used signs, symbols and carvings as means of communications. The ancient...

Lesson from the superhuman endurance of cricketers

Nilratan Halder | 2024-04-27 00:00:00

At a time when heat waves are on the rampage in most parts of Bangladesh, the Dhaka Premier Division Cricket League (DPDCL) in short (DPL) defies the heat. A 50-over match that starts at 9:30 in the morning continues throughout...

News in Brief (2024-04-27)

2024-04-27 00:00:00

Japan PM to visit France, Brazil, ParaguayTOKYO, Apr 26: Japanese Prime Minister Fumio Kishida will visit France, Brazil and Paraguay next week as his nation seeks to boost ties with Latin America. The six-day itinerary will see Kishida meet French...

N Korea's Kim oversees test of multiple rocket launcher

2024-04-27 00:00:00

SEOUL, Apr 26 (AFP): North Korean leader Kim Jong Un oversaw the test-firing of a multiple rocket launcher, state media said Friday, its latest weapons test after accusations Pyongyang has supplied arms to Russia.The largely isolated country has recently bolstered...

US approves gene therapy treatment for hemophilia

2024-04-27 00:00:00

WASHINGTON, Apr 26 (AFP): Pharmaceutical giant Pfizer has received US approval for a gene therapy against a form of hemophilia, a rare and inherited blood clotting disorder, the company said Friday.Beqvez, which is given as a single intravenous infusion, was...

Two suspected rebels killed in Kashmir clashes

2024-04-27 00:00:00

SRINAGAR, Apr 26 (AFP): Two suspected rebels were killed in Indian-administered Kashmir during a firefight, police said Friday, the latest clash between militants and security forces in the disputed territory during ongoing national elections.The gun battle erupted late Thursday in...

Thailand urges bigger ASEAN role in resolving Myanmar conflict

2024-04-27 00:00:00

BANGKOK, Apr 26 (Reuters): Thailand called on Friday for the regional bloc ASEAN to take a more proactive role in trying to resolve the crisis in military-ruled Myanmar, after weeks of fighting near its border that halted trade and led...