Sam Bankman-Fried, co-founder of the failed crypto exchange FTX, has been sentenced to 25 years in prison for defrauding customers and investors of his now-bankrupt firm, reports BBC. The ruling cements the downfall of the former billionaire, who emerged as...
FHM HUMAYAN KABIR | 2024-03-30 00:00:00
Interest payment on government loans only sucks up one-third of Bangladesh's operating-budget expenditures, insiders said, sapping its public-spending abilities.Already, 52.3 per cent of the total outlay earmarked for interest payment in debt service had been spent in the first half...
JASIM UDDIN HAROON | 2024-03-30 00:00:00
The value of re-exported goods from Bangladesh has been increasing gradually, coinciding with developments in border infrastructure, including roads and land customs stations. Data from the Bangladesh Bureau of Statistics (BBS) shows that the re-export value stood at Tk 9,404...
JUBAIR HASAN | 2024-03-30 00:00:00
Rate rise invites government thumps-down on SMART mechanism by way of controlling cut-off yields on treasuries to calm money-market volatility that troubles the ease-of-doing-business ambiance, sources say. Yields on 182-day treasuries on auction seem to be held in check to...
Rain/thunder showers accompanied by temporary gusty/squally wind is likely to occur at one or two places over Rangpur, Dhaka, Mymensingh, Khulna, Barishal, Chattogram and Sylhet divisions until 06:00 pm today (Saturday), according to the Met Office.Weather may remain mainly dry...
Shoe factory catches fire in Ctg A shoe factory caught fire in Baizid Bostami Industrial Area of the port city of Chattogram on Friday. Local sources said the fire broke out in the shoe factory at around 4 pm. According...
With the Eid-ul-Fitr just a few days away, people from low to middle-income groups throng to shop at makeshift weekly-holiday market set up in front of Ideal School and College in the city's Motijheel. The picture was taken on Friday...
Police have arrested four people over the death of a school student in Natore, report agencies.The dead, Himel, was a class nine student at Patul-Hampania High School in Naldanga upazila of the district.The arrestees are Himel's classmates, Partho and Sujan,...
A mob has beaten two men to death on suspicion of stealing cattle in Gazipur's Kapasia Upazila, reports bdnews24.com.One of them was lynched in the house of Chan Mia in Singhasree union's Namila village around 2:00 am Friday, while the...
State Minister for Information and Broadcasting Mohammad Ali Arafat, now on a visit to Bhutan at the invitation of Bhutanese King Jigme Khesar Namgyel Wangchuck, reached Thimphu along with the King from the city of Gelephu on Friday, reports BSS.Bhutanese...
FE REPORT | 2024-03-30 00:00:00
The Bangladesh Inland Water Transport Authority (BIWTA) decided to increase the number of ferries and launches to facilitate hassle-free movement of Eid passengers and vehicles on the Daulatdia-Paturia river route.According to a BIWTA official, 13 ferries and 17 launches are...
With the Eid-ul-Fitr just a few days away, the demand for train tickets has surged markedly, reports bdnews24.com.On Friday, tickets for April 7 were sold out within two minutes of going live.Bangladesh Railway began the online-only ticket sales on Mach...
State Minister for Primary and Mass Education Rumana Ali has said preparations are underway to fill 10,000 teaching positions at government-run primary schools by June, report agencies.In the third phase of the recruitment process, candidates from the Dhaka and Chattogram...
Speaker of the Jatiya Sangsad Dr Shirin Sharmin Chaudhury on Friday returned home after attending the 148th Assembly of Inter-Parliamentary Union (IPU) held in Geneva of Switzerland from March 23-27, reports BSS.On the first day of the IPU Assembly, Speaker...
Chief Justice Obaidul Hassan, who is on the tour of the United States, held a meeting with his American counterpart Justice John G Roberts, Jr, reports BSS.Justice Hassan at the meeting emphasized on bilateral and mutual cooperation between the judiciaries...
FE REPORT | 2024-03-30 00:00:00
Bangladesh Nationalist Party (BNP) senior joint secretary general Ruhul Kabir Rizvi said on Friday that the present government was governing the country leaning on terrorists. "The terrorist groups of the ruling party lawmakers are creating a fearsome anarchy in the...
Awami League (AL) General Secretary Obaidul Quader on Friday said Prime Minister Sheikh Hasina's development activities and inclusive politics have pushed BNP's politics into darkness, reports BSS."And now BNP is unable to come out of this darkness," he said while...
Japan and China stocks closed higher Friday, while most markets in the Asia-Pacific region stay shut for a public holiday, reports CNBC.Japan's Nikkei 225 index gained 0.5 per cent to end at 40,369.44, after falling about 1.5 per cent in...
BEIJING, Mar 29 (Reuters): Swiss agrichemicals and seeds group Syngenta on Friday withdrew its bid for a multi-billion dollar listing on the Shanghai Stock Exchange during a recent period of weakness in the Chinese equity market.The initial public offering (IPO),...
United Commercial Bank PLC (UCB) inaugurated a new sub-branch at Falcon Mart in the capital on Thursday. Arif Quadri, Managing Director and CEO of UCB, presided over the inaugural ceremony held at Falcon Mart Square while the Air Officer Commanding...
FE REPORT | 2024-03-30 00:00:00
IPDC Finance, a leading non-bank financial institution, has reported a net profit of Tk 341 million, the lowest in seven years, for the year 2023, largely due to higher provisions against loans and a decline in income from the stock...
FE REPORT | 2024-03-30 00:00:00
Stocks endured yet another tumultuous week, marked by a sharp decline in the benchmark index of Dhaka Stock Exchange (DSE) as both local and foreign investors remained engaged in a flurry of sell-offs to shield their investments from further erosion....
HANOI, March 29 (AFP) : Vietnam's economy grew by 5.66 percent on-year in the first quarter, according to official data published Friday, boosted by strong exports.It is the communist country's strongest Q1 growth since 2019, but still well off Standard...
COLOMBO, March 29 (AFP) : Sri Lanka's statistics office said Friday that inflation had slowed to 0.9 percent in March, the lowest year-on-year price increase since an unprecedented economic crisis.The island nation defaulted on its $46 billion foreign debt in...
Indian Prime Minister Narendra Modi is likely to prioritise completion of free trade deals with Britain and Oman in the first 100 days of the next government if he wins upcoming elections as opinion polls predict, two government sources said,...
British American Tobacco Bangladesh Company Limited (BAT Bangladesh) has approved a 100 per cent cash dividend per share for the year 2023. The approval was given at the company's 51st annual general meeting (AGM) held virtually on Thursday. The shareholders...
GULAM RABBANI | 2024-03-30 00:00:00
Almost half of the quarries of Maddhapara Granite Mining Company Limited, the country's lone granite stone producer, remained unsold in the last fiscal year, despite achieving its highest production in five years. This has resulted in a large stockpile of...
Shanghai copper prices were little changed on Friday, but poised for their biggest monthly gain in 16 months amid prospects of lower supply, according to mining.com.The most-traded May copper contract on the Shanghai Futures Exchange was up 10 yuan, or...
NEW YORK (Reuters): Oil prices jumped more than $1 a barrel on Thursday, closing out the month higher on the prospect of OPEC+ staying the course on production cuts, ongoing attacks on Russia's energy infrastructure and a falling U.S. rig...
Meloni-Le Pen rift mars far right's prospects of wielding EU powerPARIS/ROME, Mar 29: When a French minister compared Italy's nationalist Prime Minister Giorgia Meloni last year to the leader of the French far right, the Italian premier rang French President...
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