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Adani power payment dues accumulate to $600m

M AZIZUR RAHMAN | 2024-03-21 00:00:00

Payment arrears to Indian conglomerate Adani Group against power purchase by Bangladesh has doubled to US$600 million over the past six months reportedly for the relevant government agency's fund crunch. Unpaid bills to local IPPs, and oil-and coal-fired power plants...

Weather (2024-03-21)

2024-03-21 00:00:00

Rain/thunder showers accompanied by temporary gusty/squally wind is likely to occur at many places over Rangpur, Rajshahi, Dhaka, Mymen-singh, Khulna, Barishal, Chattogram and Sylhet divisions in the next 24 hours from 06:00 am today (Thursday), according to the Met Office....

Gazipur gas cylinder blast toll reaches 14

2024-03-21 00:00:00

Death toll from the gas cylinder blast in Gazipur's Kaliakair upazila went up to 14, as another burn victim died early Wednesday, reports UNB.The deceased was identified as Kamala Khatun, 65.Kamala, who received 80 per cent burn injuries, breathed her...

BD logs 39 Covid cases in 24 hours

2024-03-21 00:00:00

Bangladesh reported 39 Covid-19 cases in 24 hours until Wednesday morning, reports UNB.With the new numbers, the country's total Covid-19 caseload rose to 2,049,258, according to the Directorate General of Health Services (DGHS).The official death toll from the disease remained...

Three get 15-yr jail in Yaba recovery case

2024-03-21 00:00:00

A Dhaka court on Wednesday sentenced three persons to 15-year imprisonment each in a case lodged over recovering 1,04,800 pieces of Yaba tablets from city's Tejgaon Shilpanchal police station area, reports BSS.The accused who got jail terms are - driver...

A mobile court conducted by Fire Service and Civil Defence declared the city's Dhanmondi Hawkers Market 'risky'

2024-03-21 00:00:00

A mobile court conducted by Bangladesh Fire Service and Civil Defence on Wednesday declared the city's Dhanmondi Hawkers Market 'risky' for not having necessary fire safety measures — Focus Bangla

BSMRAAU Vice Chancellor Air Vice Marshal AKM Monirul Bahar presiding over 12th Academic Council meeting

2024-03-21 00:00:00

Bangabandhu Sheikh Mujibur Rahman Aviation and Aerospace University (BSMRAAU) Vice Chancellor Air Vice Marshal AKM Monirul Bahar presiding over the 12th Academic Council meeting on the university's Dhaka campus on Wednesday

Swedish princess Victoria at Ukhiya Rohingya camp

2024-03-21 00:00:00

COX'S BAZAR, Mar 20 (UNB): Crown Princess Victoria of Sweden, UNDP Goodwill Ambassador, arrived at Cox's Bazar Ukhiya Rohingya camp on Wednesday.She arrived Ukhiya Rohingya camp by an army helicopter from Noakhali's Bhasan Char at 01:30 pm. Cox's Bazar Deputy...

JnU student Mim seeks help from President

2024-03-21 00:00:00

A student of Jagannath University (JnU) has written to the university's chancellor, President Mohammed Shahabuddin, accusing two teachers of sexual harassment and unfair assessment of an examination, reports bdnews24.com.Kazi Farjana Mim, a student of the university's film and television department,...

FDC ramp of Dhaka Elevated Expressway opens to traffic

2024-03-21 00:00:00

The exit ramp of Dhaka Elevated Expressway's Karwan Bazar section, in front of FDC, opened to traffic on Wednesday, reports UNB.Road Transport and Bridges Minister Obaidul Quader formally opened the ramp.With this, 16 ramps of the Elevated Expressway have been...

Project execution poor in Feb too

FHM HUMAYAN KABIR | 2024-03-21 00:00:00

Government agencies failed to improve their project implementation capacity in February too as their execution rate in the first eight months has been the lowest in 14 years, officials said.The month-on-month Annual Development Programme (ADP) implementation rate has been recorded...

SC grants bail to BNP leader Aman in graft case

FE REPORT | 2024-03-21 00:00:00

The Appellate Division of the Supreme Court on Wednesday grated bail to BNP leader Aman Ullah Aman in a corruption case in which he was sentenced to 13 years' jail by a trial court. Now there is no bar for...

Ex-secy Kazal, five others get High Court bail

FE REPORT | 2024-03-21 00:00:00

The High Court on Wednesday granted bail to Barrister Ruhul Quddus Kazal, former secretary of Supreme Court Bar Association (SCBA), and five other SC lawyers for different terms in a case filed over the violence centring the SCBA election. Five...

BNP to be destroyed if they don't boycott Tarique Rahman: Nanak

2024-03-21 00:00:00

Textiles and Jute Minister Jahangir Kabir Nanak on Wednesday said BNP will be destroyed if its leaders and activists do not boycott Tarique Rahman and stop destructive activities, reports BSS."BNP will be ruined as the party is carrying out subversive...

AL's real power not people of Bangladesh but India

2024-03-21 00:00:00

In a fervent critique of the ruling Awami League (AL), BNP's Senior Joint Secretary General, Ruhul Kabir Rizvi charged the government with sacrificing the nation's independence and dignity in exchange for support from the Indian government.Rizvi made the allegations during...

Hasan Mahmud speaking at a memorial meeting

2024-03-21 00:00:00

Foreign Minister Hasan Mahmud speaking at a memorial meeting marking the 11th death anniversary of former President Zillur Rahman at the National Press Club in the city on Wednesday — Focus Bangla

Law ministry recommends extending suspension of Khaleda's jail term

2024-03-21 00:00:00

Law, Justice and Parliamentary Affairs Ministry has recommended extending the suspension of BNP Chairperson Begum Khaleda Zia's jail sentence for another six months on previous conditions, reports BSS."We had so far extended the suspension of Begum Khaleda Zia's jail sentence...

Top shareholder Borse Dubai to sell Nasdaq shares worth $1.6b

2024-03-21 00:00:00

NEW YORK, March 20 (Reuters): Nasdaq said on Tuesday that Borse Dubai would sell shares worth $1.6 billion in the US stock exchange operator, ceding its spot as the company's top shareholder to private equity firm Thoma Bravo.The move sent...

India markets regulator exempts some offshore funds from disclosing investors

2024-03-21 00:00:00

India's markets regulator has exempted offshore funds from naming their investors under certain circumstances, it said on Wednesday, partly easing the disclosure rules it put in place last year, reports Reuters.Any offshore funds with more than 50 per cent of...

European regulators crack down on Big Tech

2024-03-21 00:00:00

European regulators have launched a series of probes against Big Tech. In the latest, Alphabet unit Google received a fine of 250 million euros ($271.03 million) in France for intellectual property breaches, reports Reuters.Here are some of the actions taken...

Asian bonds draw hefty inflows on US rate cut hopes, strong exports

2024-03-21 00:00:00

Asian bonds attracted their largest monthly inflow in three months in February, helped by expectations that the US Federal Reserve would cut rates later this year, and also boosted by the region's strong exports, reports Reuters.Foreign investors accumulated a net...

Tencent posts weak revenue growth

2024-03-21 00:00:00

HONG KONG, Mar 20 (Reuters): China's Tencent Holdings posted a weaker-than-expected 7 per cent rise in fourth-quarter revenue on Wednesday as its gaming revenue shrank, and said it was expecting to at least double its share buybacks this year.The world's...

Apple CEO in China ahead of Shanghai store opening

2024-03-21 00:00:00

SHANGHAI, Mar 20 (AFP): Apple CEO Tim Cook was on a China charm offensive Wednesday ahead of a new flagship Shanghai store opening, weeks after a report suggested the company's sales in the country slumped at the start of 2024.Cook...

Australia hosts China FM, sees ‘stability’ in ties

2024-03-21 00:00:00

CANBERRA, Mar 20 (AFP): China and Australia claimed to have stabilised long-strained relations after talks in Canberra on Wednesday, despite evident tensions over a high-profile prisoner, trade and a new crackdown in Hong Kong.Chinese Foreign Minister Wang Yi visited Australia...

Intel prepares for $100b spending spree across four US states

2024-03-21 00:00:00

SANTA CLARA, Mar 20 (Reuters): Intel is planning a $100 billion spending spree across four US states to build and expand factories after securing $19.5 billion in federal grants and loans - and it hopes to secure another $25 billion...

IPDC EZ signs MoU with Union Group

2024-03-21 00:00:00

IPDC EZ, the cardless EMI facility by IPDC Finance, has signed an MoU with Union Group of Company Limited. As per the MoU, IPDC EZ customers will be able to enjoy EMI facility at zero per cent interest for up...

Nat'l Finance signs MoU with Tijarah Motors

2024-03-21 00:00:00

National Finance Ltd (NFL) and Tijarah Motors Limited have recently signed an MoU whereby auto loan customers of Tijarah Motors will now get preferential rate and service from NFL. This collaboration strongly reimphasize NFL's commitment to extend the best service...

BWCCI HOLDS WORKSHOP

2024-03-21 00:00:00

Bangladesh Women Chamber of Commerce and Industry (BWCCI) with the support of the Centre for International Private Enterprise (CIPE) organised an 'Awareness raising workshop on gender-based violence at the workplace' at a hotel in Dhaka on Tuesday. Selima Ahmad, President...

Southeast Bank 1st Perpetual Bond begins trading on CSE

2024-03-21 00:00:00

Southeast Bank's 1st Perpetual Bond officially began trading on the Chittagong Stock Exchange (CSE). An agreement signing ceremony was held between Southeast Bank and the Chittagong Stock Exchange. Nuruddin Md. Sadeque Hossain, managing director of Southeast Bank, and M. Shaifur...

StanChart aims to boost Saudi-China economic ties with strategic expansion

2024-03-21 00:00:00

RIYADH, Mar 20 (Arab News): Saudi Arabia offers significant growth potential for foreign banks operating in the Kingdom to meet the increasing demand from Chinese clients, according to a senior banker. Speaking to Arab News, Jerry Zhang, CEO of Standard...