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Note (2024-04-24)

2024-04-24 00:00:00

For more than two decades, The Financial Express has been using Salmon FT colour (pink) newsprint, produced by Holmen Mill, Sweden. Unfortunately, the Swedish supplier mistakenly shipped white newsprint instead of the pink paper we ordered for in our latest...

Tax on gains from offshore banking waived

FE REPORT | 2024-04-24 00:00:00

The government's revenue board has waived tax on interest or profits derived from offshore banking by any depositor or non-resident loan guaranters. The income tax wing of the National Board of Revenue (NBR) issued a Statutory Regulatory Order (SRO) on...

Merger-bound Padma Bank MD quits

FE REPORT | 2024-04-24 00:00:00

Managing Director of the crisis-ridden Padma Bank Tarek Reaz Khan has resigned to pave the way for its predestined amalgamation with another bank in the current reform process.The bank's outgoing top executive is likely to join NRB Bank as its...

Depositors' money in merged banks safe, says BB

FE REPORT | 2024-04-24 00:00:00

Bangladesh Bank (BB) said on Tuesday that depositors' money with merged banks would remain completely safe.The central bank issued a press statement to this effect. The BB issued the statement as certain savers panicked following the central bank's merger plan...

TIB wants bank merger in line with global practices

FE REPORT | 2024-04-24 00:00:00

The Transparency International Bangladesh (TIB) on Tuesday urged the central bank of Bangladesh to halt any merger of weak banks with stronger banks. TIB emphasised the need for including essential reforms in the bank merger policy. It also said changes...

Qatari Emir responds positively to PM's proposals on tourism spot, Exclusive EZ

FE REPORT | 2024-04-24 00:00:00

Bangladesh and Qatar agreed cooperation in a wide range of fields, including manpower, and trade and investment, signed 10 instruments to this effect. The cooperation documents include five agreements and as many memorandums of understanding or MoUs, which officials said...

Apparel demand resurgence in West promises new bonanza

MONIRA MUNNI | 2024-04-24 00:00:00

A significant bounceback in global demand for textiles and apparel promises new opportunity but Bangladesh lags far behind China in bagging the bonanza for reasons that include recent cost escalation. Records of inspections and audits among buyers for China show...

News in Brief 2024-04-23

2024-04-23 00:00:00

Chinese general takes harsh line on Taiwan,other disputes at int'l naval gathering QINGDAO, Apr 22: One of China's top military leaders took a harsh line on regional territorial disputes, telling an international naval gathering in northeastern China on Monday that...

N Korea fires short-range missiles into ocean

2024-04-23 00:00:00

SEOUL, Apr 22 (AP): North Korea fired multiple suspected short-range ballistic missiles toward its eastern waters on Monday, South Korea's military said, the latest in a recent series of weapons launches by the North.South Korea's Joint Chiefs of Staff said...

Iran, Pakistan sign MoUs

2024-04-23 00:00:00

ISLAMABAD, Apr 22 (AFP): Iranian President Ebrahim Raisi held talks with Pakistani leader Shebaz Sharif in Islamabad on Monday, in what experts said was a "significant" visit aimed at mending ties after the neighbours traded deadly cross-border strikes earlier this...

Israel criticises a likely US sanctions on its military unit

2024-04-23 00:00:00

JERUSALEM, Apr 22 (AP/BBC): Israeli leaders on Sunday harshly criticized an expected decision by the U.S. to impose sanctions on a unit of ultra-Orthodox soldiers in the Israeli military.The decision, expected as soon as Monday, would mark the first time...

Missing woman's throat-slit body recovered in Natore

2024-04-23 00:00:00

NATORE, Apr 22 (UNB): The throat-slit body of a housewife, who went missing on Friday, was recovered from a tenant's house in Natore Sadar upazila on Sunday night.The deceased was identified as Eti Begum, 45, wife of Md Shafiqul Islam,...

Man killed over previous enmity in Mymensingh

2024-04-23 00:00:00

MYMENSINGH, Apr 22 (UNB): A 34-year-old man was stabbed to death allegedly by his rivals over previous enmity in Nandail upazila of Mymensingh on Sunday night.The deceased was identified as Rana Ahmed, son of Abul Hashem of Banati village under...

Man dies as bus crashes into tree in Sirajganj

2024-04-23 00:00:00

SIRAJGANJ, Apr 22 (bdnews24.com): A man has died and seven others have been injured after the roof of a bus flew off when the vehicle crashed into a tree in Sirajganj's Shahjadpur Upazila.The incident occurred on the Bogura-Nagarbari highway in...

Father, son shot dead by robbers in Cox's Bazar

2024-04-23 00:00:00

COX'S BAZAR, Apr 22 (UNB): A man and his son were shot dead reportedly by a gang of robbers at Thoaingakata Ghonarpara in Ramu upazila of Cox's Bazar early Monday.The deceased were identified as Jafar Alam, 52, son of late...

Groundwater level falling drastically accentuating water crisis in Pabna

OUR CORRESPONDENT | 2024-04-23 00:00:00

PABNA, Apr 22: Rapid fall in the groundwater level is intensifying water crisis much to the suffering of the commoners in most of the upazilas of Pabna district and the town as well. Most of the pumps and tube-wells in...

Djokovic skips Madrid Open, Nadal to face teen Blanch

2024-04-23 00:00:00

MADRID, Apr 22 (AFP): World number one and record 24-time Grand Slam champion Novak Djokovic will not play at the Madrid Open this week.Media reports said the 36-year-old Serbian star had pulled out of the tournament and he was not...

Nagad hands over promised Tk 2.0m to BPL champions Barishal

2024-04-23 00:00:00

Nagad Limited, a leading mobile financial service provider in Bangladesh, presented a cheque of Taka 2.0 million (20 lakh) to the players and staff of Fortune Barishal, the reigning champions of the Bangladesh Premier League, reports BSS. Tanvir A Mishuk,...

Bellingham strikes late as Real beat Barca

2024-04-23 00:00:00

MADRID, Apr 22 (Reuters): LaLiga leaders Real Madrid's pursuit of a record-extending 36th Spanish title gathered momentum after Jude Bellingham scored a goal in added time to secure a 3-2 comeback win over Barcelona on Sunday.Real twice fought back from...

Bowlers with 'X-factor' will hold key in T20 World Cup

2024-04-23 00:00:00

With T20 cricket becoming increasingly more batter-dominated, bowlers with the 'X-factor' could make all the difference in the World Cup in June, West Indies head coach Daren Sammy told Reuters.The batting bias of cricket's shortest format is evident in the...

Abahani triumph over Prime Bank

2024-04-23 00:00:00

Abahani Limited secured a convincing five-wicket victory against Prime Bank Cricket Club in the Super League encounter of the Dhaka Premier Division Cricket League (DPDCL) at the Sher-e-Bangla National Cricket Stadium on Monday, reports UNB. Opting to field first, Abahani's...

Denmark launches biggest offshore wind tender

2024-04-23 00:00:00

COPENHAGEN, Apr 22 (Reuters): Denmark on Monday launched its biggest offshore wind tender to date, offering no subsidies to companies competing for the right to erect turbines on six sites with a combined capacity of up to 10 gigawatt (GW),...

Wheat extends gains with weather risks in focus

2024-04-23 00:00:00

PARIS/SINGAPORE, Apr 22 (Reuters): Chicago wheat rose on Monday to hold near a two-week high as concerns over crop weather in the Northern Hemisphere encouraged short-covering, analysts and traders said.Corn and soybeans were little changed following one-week highs as concerns...

Gold retreats as fears of wider ME conflict subside

2024-04-23 00:00:00

Gold prices retreated 2 per cent on Monday as easing fears of a wider Middle East conflict boosted investors' risk appetite, lowering bullion's safe-haven demand, reports Reuters.Spot gold was down 2 per cent at $2,354.61 per ounce, as of 1148...

Oil price slips to $86 as traders unfazed by Mideast conflict

2024-04-23 00:00:00

LONDON, Apr 22 (Reuters): Global oil benchmark Brent slipped on Monday to around $86 a barrel as traders turned their focus to inflation, with tensions in the Middle East having so far left actual supplies unperturbed.Brent futures were down $1.13,...

Verizon reports fewer quarterly subscriber losses

2024-04-23 00:00:00

NEW YORK, Apr 22 (Reuters): Verizon Communications said on Monday it lost fewer-than-expected wireless subscribers in the first quarter thanks to its flexible plans and streaming bundles offering discounted pricing for services such as Netflix and Warner Bros Discovery's Max.Shares...

Oman LNG signs supply deal with TotalEnergies

2024-04-23 00:00:00

DUBAI, Apr 22 (Reuters): Oman LNG and TotalEnergies, one of its shareholders, have signed a sale and purchase agreement to supply 800,000 metric tons per year of liquefied natural gas, the companies said on Monday.TotalEnergies, which owns 5.54per cent of...

India's consumer goods makers to see more delays in recovery

2024-04-23 00:00:00

BENGALURU/CHENNAI, Apr 22 (Reuters): Most Indian consumer goods makers are unlikely to see a recovery in volumes in the fourth quarter, analysts said on Monday, indicating that any improvement can only be expected by the December-quarter.Firms such as Godrej Consumer...

China seeks BKMEA's cooperation in setting up bonded warehouse

FE REPORT | 2024-04-23 00:00:00

China has sought cooperation of Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) in building a bonded warehouse in Bangladesh to store raw materials and necessary chemicals. On the other hand, the BKMEA leaders also sought China's cooperation in exchanging technical...

NATIONAL BANK RELOCATES DISASTER RECOVERY SITE

2024-04-23 00:00:00

National Bank has shifted its Disaster Recovery Site (DRS) operations to Felicity IDC, situated in the heart of Bangabandhu Hi-Tech City, Kalialor, Gazipur. The official inauguration of the DRS was held recently at the Felicity IDC, attended by Imran Ahmed,...