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Bangladesh-India ties must be continued: FM

2024-03-25 00:00:00

Foreign Minister Dr Hasan Mahmud on Sunday said the cooperation between Bangladesh and India must be maintained in the greater interest of the people of both the countries, reports BSS."India is a friendly country to Bangladesh. We share borders with...

Indian product boycott gets people's support: Rizvi

FE REPORT | 2024-03-25 00:00:00

The people of Bangladesh have supported the movement of boycotting Indian products, senior joint secretary general of Bangladesh Nationalist Party (BNP) Ruhul Kabir Rizvi said on Sunday."The most popular word of today's politics is 'Boycott Indian Products'," he told media...

BNP wants to ruin country's achievements: Quader

2024-03-25 00:00:00

Awami League (AL) General Secretary and Road Transport and Bridges Minister Obaidul Quader on Sunday said BNP now wants to destroy the country's achievements in the name of boycotting Indian goods, reports BSS.He made the remark while talking to journalists...

WB to share more data to attract private investors to developing countries

2024-03-25 00:00:00

March 23 (Reuters): The World Bank will publish more of its proprietary data, including on debt defaults, starting next week as part of a push to attract more private sector investment to developing countries, World Bank President Ajay Banga said.Banga,...

China told it faces 'fork in the road' as officials meet CEOs

2024-03-25 00:00:00

BEIJING, March 24 (Reuters): China needs to "reinvent itself" with economic policies to speed resolution of its property market crisis and boost domestic consumption and productivity, the International Monetary Fund's Managing Director Kristalina Georgieva said on Sunday."China faces a fork...

Reliance refusing Sovcomflot oil shipments after sanctions

2024-03-25 00:00:00

NEW DELHI, Mar 24 (Reuters): India's Reliance Industries, operator of the world's biggest refining complex, will not buy Russian oil loaded on tankers operated by shipper Sovcomflot (SCF) after recent US sanctions, according to two sources familiar with the matter.The...

Broadening US market rally gets boost from dovish Fed

2024-03-25 00:00:00

NEW YORK, March 22 (Reuters): A reassuring economic outlook and dovish signals from the Federal Reserve are encouraging investors to look beyond the massive growth and technology stocks that have fueled the U.S. stock market's gains over the past year.Though...

BRAC Bank wins Dhaka WASA Award for highest online bill collection

2024-03-25 00:00:00

Dhaka WASA has recognised BRAC Bank for the highest online bill collection for two consecutive years. BRAC Bank has secured the position through the payment gateway and mobile app 'Astha'. The certificate of appreciation for FY23 was handed over at...

Prime Bank Partners with Bangladesh Bank to Empower Women

2024-03-25 00:00:00

In a landmark move, Prime Bank has joined forces with the Bangladesh Bank, inking a deal to tap into a credit guarantee scheme aimed at uplifting women entrepreneurs. Under the initiative women will get collateral free credit and easy access...

Google, Apple breakups on agenda as regulators target tech

2024-03-25 00:00:00

BRUSSELS/STOCKHOLM, Mar 24 (Reuters): Big Tech is facing its biggest challenge in decades as antitrust regulators on both sides of the Atlantic crack down on alleged anti-competitive practices that could result in break-up orders to Apple and Alphabet's Google, a...

BANKERS' WELFARE CLUB BANGLADESH HOLDS DISCUSSION

2024-03-25 00:00:00

The Bankers' Welfare Club Bangladesh (BWCB) held a discussion on 'The role of bank and bankers in economic development planning' at the National Press Club in Dhaka on Saturday. The organisation's bulletin 'The Bankers Mirror' was unveiled at the programme....

IMF chief urges China to boost growth with 'pro-market reforms'

2024-03-25 00:00:00

BEIJING, Mar 24 (AFP): The head of the International Monetary Fund on Sunday called on China to implement "a comprehensive package of pro-market reforms" to boost a sluggish economy beset by a housing market crisis, low domestic demand and persistently...

HSBC celebrates BD-China commercial ties

2024-03-25 00:00:00

The Hong Kong and Shanghai Banking Corporation Limited (HSBC) recently hosted a 'Bangladesh-China Business Connections' event bringing Chinese businesses, and institutions together to celebrate the long-standing relationship between China and Bangladesh, reports UNB.The event explored Bangladesh's emergence as an attractive...

Another RMG factory gets LEED Gold certification

2024-03-25 00:00:00

Another garment factory in Bangladesh has earned Leadership in Energy and Environmental Design (LEED) certification from the United States Green Building Council (USGBC), reports BSS.APS Knit Composite Limited located in Kamargaon, Pubail, in Gazipur achieved the Gold LEED certification by...

ICMAB holds webinar on import regulations

2024-03-25 00:00:00

The Institute of Cost and Management Accountants of Bangladesh (ICMAB) organised a webinar on 'Import Regulations for the Exporters' recently, says a press release. This was the second episode of a Webinar series on 'Domestic & International Trade'. Mohammad Rafiqul...

BEPZA takes over land for Jashore EPZ

2024-03-25 00:00:00

BEPZA has assumed control of the land acquired by the district administration for setting up the Jashore Export Processing Zone (JEPZ), says a press release. Muhammad Abraul Hasan Mojumder, Deputy Commissioner of Jashore district, formally handed over the possession of...

C & A Textiles shows expenses as assets: Auditor

FE REPORT | 2024-03-25 00:00:00

The auditor of C & A Textiles Limited expressed concern as the company showed expenses amounting to Tk 32.22 million as non-current assets in its balance sheet. That violated the standards of accounting. C & A Textiles should have been...

Canada's retail sales fall in Jan

2024-03-25 00:00:00

OTTAWA, Mar 24 (Reuters): Canada's retail sales contracted a little less than expected in January, weighed down by lower goods prices and sales of motor vehicle and parts, data showed on Friday.Retail sales dropped by 0.3 per cent in January...

Cocoa prices triple in one year as climate change hits crops

2024-03-25 00:00:00

NAIROBI, KENYA, Mar 24 (VOA): With a week until Easter, chocolate lovers should brace themselves for higher prices when they purchase their favorite seasonal treats.A nonprofit environmental group says cocoa costs three times more than it did a year ago...

US gas producers shrug off low prices, bet on LNG boom

2024-03-25 00:00:00

HOUSTON, Mar 24 (Reuters): Energy executives say they are looking past current ultra-cheap gas prices and betting on a coming wave of new liquefied natural gas (LNG) plants to lift demand - and prices - for the fuel.Natural gas prices...

Hit by worker shortage, German city gets students to drive trams

2024-03-25 00:00:00

NUREMBERG, Mar 24 (AFP): Seated before the tram's control panel, Benedikt Hanne, 24, deftly steered the red and white wagons, hours before heading to Nuremberg university to study for a social work degree.As an apprentice, Hanne was watched closely by...

Kuwait’s trade surplus with Japan rises 53.4pc

2024-03-25 00:00:00

RIYADH, Mar 24 (Arab News): Kuwait's trade surplus with Japan surged 53.4 per cent year-on-year in February to $652 million, driven by energy products, as exports outpaced imports significantly. According to the Kuwait News Agency, overall exports to Japan soared...

Asian spot LNG gains on supply concerns, steady demand

2024-03-25 00:00:00

SINGAPORE, Mar 24 (Reuters): Asian spot liquefied natural gas (LNG) prices edged up last week to a six-week high amid supply concerns and following some spot demand pickup from buyers.The average LNG price for May delivery into north-east Asia LNG-AS...

NBL MARKS 41ST ANNIVERSARY

2024-03-25 00:00:00

National Bank Limited (NBL) organised a special Milad and Doa Mahfil at the prayer zone of its head office in Dhaka on Sunday to mark the 41st anniversary of the bank. Managing Director & Chief Executive Officer Md Touhidul Alam...

FBCCI calls for stable market prices thru transparent supply chains

FE REPORT | 2024-03-25 00:00:00

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) on Sunday called for making the supply chain system free from the influence of 'invisible hands' in order to stabilise the market.The apex trade body made this recommendation at a...

Govt considers UAE sugar offer to meet Ramadan demand

FE REPORT | 2024-03-25 00:00:00

The government is now scrutinising a proposal to import 75,000 tonnes of sugar offered by the United Arab Emirates (UAE), sources say.If procured from the UAE, the sugar will be sold through the TCB drive, according to a trade official.The...

Step up trade pact efforts ahead of LDC exit: Experts

FE REPORT | 2024-03-25 00:00:00

Ahead of Bangladesh's graduation from the least developed country (LDC) club, the government has been urged to intensify its efforts to secure free trade agreements (FTAs) and comprehensive trade pacts.The call came from a discussion organised by the Institute of...

Mohammedan maintain unbeaten run beating Ajax by 5-3 goal

2024-03-25 00:00:00

Dhaka Mohammedan SC maintained their unbeaten record in the 11-team Green Delta Insurance Premier Division Hockey League beating Ajax SC by 5-3 goal at Moulana Bhasani National Hockey Stadium in the city on Sunday, reports UNB.With the day's feat, Mohammedan...

Tigresses concede ODI series to Australia

2024-03-25 00:00:00

Australia secured the three-match ODI series against Bangladesh with ease, claiming a comprehensive six-wicket win on Sunday, leaving one match remaining, reports UNB.In the second ODI, Bangladesh batted first, managing only 97 runs in 44.1 overs, with Nahida Akter, batting...

Rajasthan beat Lucknow by 20 runs in IPL

2024-03-25 00:00:00

JAIPUR, India, Mar 24 (AFP): Sanju Samson led from the front as Rajasthan Royals defeated Lucknow Super Giants by 20 runs in their opening match of the Indian Premier League on Sunday.Captain Samson hammered an unbeaten 82 off 52 balls...