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Offloading shares of profitable SoEs, 10 MNCs ordered

REZAUL KARIM | 2025-08-23 00:00:00

A latest binding instruction comes for ministries concerned to act promptly for offloading shares of profitable state-owned enterprises (SOEs) and some multinational companies bearing government stakes for breathing life into limping bourses, sources said.For years, there has been no visible...

Development works slow as only 75 projects cleared last fiscal

JAHIDUL ISLAM | 2025-08-23 00:00:00

Development works suffered badly as only 75 new projects involving Tk 984.98 billion were endorsed in the past fiscal year--the lowest in two decades in terms of both their number and expenditure.Official statistics show the Executive Committee of the National...

Yarn is being produced from plastic chips

2025-08-23 00:00:00

Yarn is being produced from plastic chips. This yarn is used for making plastic mats which have replaced the age-old mats made of leaves. The picture was taken at a factory in South Keraniganj in Dhaka on Friday — FE...

Japan city proposes two-hour daily smartphone limit

2025-08-23 00:00:00

TOKYO, Aug 22 (AFP): A Japanese city will urge all smartphone users to limit screen time to two hours a day outside work or school under a proposed ordinance that includes no penalties.The limit -- which will be recommended for...

Bangladesh to shut 9 troubled NBFIs to protect depositors

2025-08-23 00:00:00

Bangladesh Bank has announced plans to close nine non-bank financial institutions (NBFIs) as part of efforts to safeguard "depositors' interests", reports bdnews24.com.Central bank Governor Ahsan H Mansur confirmed the move, saying that the decision was taken to ensure people could...

Travel agencies must mention agency name, licence number, price in air tickets

FE REPORT | 2025-08-23 00:00:00

The government has issued directives through a circular to travel agencies in the country to ensure transparency in airfare.The Ministry of Civil Aviation and Tourism (MoCAT) issued the directives on Thursday, with the aim of protecting passengers from overcharging and...

FBCCI election boards reconstituted as per court order

FE REPORT | 2025-08-23 00:00:00

The election and appeal boards of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) have been reconstituted to oversee the 2025-27 executive committee polls, in compliance with a recent High Court directive.According to the new formation, Md Abdur...

Ctg port expands container storage capacity by 10pc

NAZIMUDDIN SHYAMOL | 2025-08-23 00:00:00

CHATTOGRAM, Aug 22: Chittagong port, the prime sea port of the country, expanded its container storage capacity by nearly 10 per cent recently as a measure to address severe congestion.Chittagong Port Authority (CPA) Secretary Md Omar Faruk said, "CPA is...

South Africa's Lungi Ngidi (C) celebrates with teammates

2025-08-23 00:00:00

South Africa's Lungi Ngidi (C) celebrates with teammates after dismissing Australia's Adam Zampa to win the second one-day international (ODI) cricket match between Australia and South Africa at the Great Barrier Reef Arena in Mackay on Friday.—AFP

Newcastle can't win in Isak stand-off, says Howe

2025-08-23 00:00:00

LONDON, Aug 22, (AFP): Newcastle manager Eddie Howe said on Friday his club cannot win in the saga over star striker Alexander Isak's future.The Swede, who was the Premier League's second top scorer last season and netted the winner to...

'Tough lessons' helping Sabalenka ahead of US Open defence

2025-08-23 00:00:00

NEW YORK, Aug 22, (AFP): World number one Aryna Sabalenka believes she is ready to hit her peak as she prepares to launch the defence of her US Open crown after a tumultuous season of near-misses.The 27-year-old from Belarus arrives...

India greenlights Asia Cup, draws red line on bilateral cricket with Pakistan

2025-08-23 00:00:00

After much drama and uncertainty, Indian cricket team will finally play in the upcoming Asia Cup, reports UNB.The Indian government has cleared its cricket team to play in next month's event, but ruled out any revival of bilateral ties with...

Amir hits 400 T20 wickets, second Pakistani to reach the landmark

2025-08-23 00:00:00

The left-arm quick became only the second Pakistani bowler to take 400 wickets in T20 cricket, reaching the landmark in the Caribbean Premier League (CPL) on Thursday, reports UNB.Playing for Trinbago Knight Riders in Antigua, Amir dismissed Fabian Allen of...

Women's World Cup games moved out of Bengaluru months after tragedy

2025-08-23 00:00:00

NEW DELHI, Aug 22, 2025 (AFP): The Bengaluru stadium where 11 cricket fans died during celebrations in June will no longer host Women's World Cup matches including the opening game, the sport's governing body said on Friday.Mumbai will instead be...

Blockbuster 'Sincaraz' rivalry ready to light up US Open

2025-08-23 00:00:00

NEW YORK, Aug 22, (AFP): Jannik Sinner and Carlos Alcaraz will be aiming to write another chapter of their blockbuster rivalry when the US Open men's singles gets under way on Sunday.As the era of men's tennis's "Big Three" recedes...

SAFF U-17: Bangladesh slip to 2-0 defeat

2025-08-23 00:00:00

Bangladesh's early momentum in the SAFF U-17 Women's Championship came to a halt on Friday as they fell 2-0 to India in Thimphu, reports UNB.The match at the Changlimithang Stadium had tension from the start. Barely ten minutes in, goalkeeper...

Chattogram to host first-ever regional cricket tournament

2025-08-23 00:00:00

CHATTOGRAM, Aug 21, (BSS): The first-ever regional cricket tournament is set to take place in Chattogram on August 28, reports BSS.Eleven district teams from Chattogram division will compete in this T-20 format tournament.The announcement was made during a press conference...

Rice prices up 91 pc year-on-year in Japan

2025-08-23 00:00:00

TOKYO, Aug 22 (AFP): Rice prices in Japan soared 90.7 percent in July year-on-year, official data showed Friday, but the rate of increase slowed from previous months offering some relief for Prime Minister Shigeru Ishiba.Ishiba's future is uncertain after his...

China races to build world's largest solar farm to meet emissions targets

2025-08-23 00:00:00

TALATAN, China, Aug 22 (AP) - Chinese government officials last month showed off what they say will be the world's largest solar farm when completed high on a Tibetan plateau. It will cover 610 square kilometers (235 square miles), which...

Over 80 pc households face climate-induced income losses in Khulna, Satkhira

FE REPORT | 2025-08-23 00:00:00

Over 80 per cent households in southwestern coastal districts of Khulna and Satkhira face income losses due to climate shocks like crop failure, shrimp-farming losses, and lack of alternative jobs.While youth employment opportunities remain scarce, migration to urban areas is...

Rice import from India resumes at Benapole land port after four months

2025-08-23 00:00:00

BENAPOLE, Aug 22 (UNB): After a four-month pause, Bangladesh has resumed rice imports from India through Benapole Land Port.On Thursday night, nine trucks carrying a total of 315 metric tonnes (MTs) of rice entered yard No-31 of the port at...

Oil rises 1pc on stalled Russia-Ukraine peace talks, strong US demand

2025-08-23 00:00:00

NEW YORK/LONDON (Reuters): Oil prices rose by nearly a dollar a barrel on Thursday as Russia and Ukraine blamed each other for a stalled peace process, and as earlier U.S. data showed signs of strong demand in the top oil...

From $50b to bust, investors count cost of Evergrande's market tryst

2025-08-23 00:00:00

HONG KONG, Aug 22 (Reuters): China Evergrande Group, for the most part, lived true to its name -- it was once the country's premier developer, its listing in Hong Kong in 2009 was the biggest by a Chinese private developer,...

Wall St jumps more than 1.0pc as Powell hints at rate cut

2025-08-23 00:00:00

LONDON, Aug 22 (Reuters): Wall Street's main indexes climbed more than 1% on Friday and the dollar fell on Friday after Federal Reserve chair Jerome Powell pointed to a possible rate cut at the central bank's September meeting.Powell stopped short...

Global equity fund inflows plunge on caution over tech sector sell-off

2025-08-23 00:00:00

Global equity fund inflows dropped sharply in the week through August 20 on caution over a sell-off in leading technology stocks, with the Federal Reserve Chair Jerome Powell's upcoming speech at the annual Jackson Hole symposium this weekend, also adding...

Stocks rebound after two-week slump

FE REPORT | 2025-08-23 00:00:00

The equity benchmark index rebounded this week, snapping a two-week losing streak, as bargain hunters showed their buying interest in select lucrative stocks amid renewed optimism.Analysts said the market witnessed major corrections in the past two consecutive weeks and many...

NEWS IN BRIEF__2025-08-23

2025-08-23 00:00:00

12 dead, 4 missing after bridge collapses in ChinaBEIJING, Aug 22: Twelve people were killed and four are missing after part of a bridge under construction collapsed Friday in northwest China, state media reported. A video published by state broadcaster...

France says 'time running out' for Iran nuclear deal talks

2025-08-23 00:00:00

PARIS, Aug 22 (AFP): "Time is running out" to negotiate a solution on Iran's nuclear programme, France's foreign minister said on Friday, following telephone talks alongside European counterparts with Iranian Foreign Minister Abbas Araghchi."We have just made an important call...

Five bodies found on Kenyan coast

2025-08-23 00:00:00

NAIROBI, Aug 22, 2025 (BSS/AFP) - At least five bodies, including two children, exhumed on Kenya's coast are linked to an infamous starvation cult that came to light in 2023, police told AFP on Friday.More than 400 people died in...

Saudi Arabia condemns attack on aid convoy in Sudan

2025-08-23 00:00:00

RIYADH, Aug 22 (Arab News): Saudi Arabia on Thursday condemned an attack the previous day on a World Food Program aid convoy in the North Darfur region of Sudan.Three trucks caught fire when the 16-vehicle convoy was targeted on Wednesday...