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11th death anniv of ex-President Zillur Rahman today

2024-03-20 00:00:00

The 11th death anniversary of former President Zillur Rahman, a veteran politician, a Language Movement hero, an organiser of the Liberation War and one of the close associates of Father of the Nation Bangabandhu Sheikh Mujibur Rahman, will be observed...

Murshedy must hand over Gulshan house in three months: HC

2024-03-20 00:00:00

FE REPORTThe High Court (HC) on Tuesday directed Awami League lawmaker Abdus Salam Murshedy to hand over the Gulshan house, which he allegedly occupied, to the government terming it abandoned property.He has been ordered to surrender the property through the...

Hundreds of Muslim devotees take iftar during the month of Ramadan at Baitul Mukarram

2024-03-20 00:00:00

Hundreds of Muslim devotees take iftar during the month of Ramadan at Baitul Mukarram National Mosque in the city on Tuesday — FE photo

Rally demands resignation of all members of proctorial body

2024-03-20 00:00:00

FE REPORT Agitating students of Jagannath University have demanded resignation of all the members of the university's Proctoral Body. They made the demand at a rally organised at the university's Sculpture Square on Tuesday. Students of various departments participated in...

‘BNP's activists frustrated’

2024-03-20 00:00:00

Awami League (AL) General Secretary and Road Transport and Bridges Minister Obaidul Quader on Tuesday said BNP leaders are talking nonsense as they are tired, and their activists are frustrated, reports BSS."The party (BNP) leaders are now criticizing the government...

Fresh stir in politics over alleged BNM affiliation

2024-03-20 00:00:00

A war of words has cropped up over joining BNM, popularly known as a king's party. Former minister and BNP Vice Chairman Major (retd) Hafiz Uddin Ahmed has trashed allegation that he was a key person in forming the king's...

Xiaomi posts 11pc revenue rise on strong smartphone sales

2024-03-20 00:00:00

BEIJING, Mar 19 (Reuters): China's Xiaomi reported a 10.9 per cent rise in fourth-quarter revenue and beat adjusted net profit estimates boosted by strong smartphone sales as the sector shows signs of recovery.Revenue rose to 73.24 billion yuan ($10.17 billion)...

Prime Bank Investment Limited (PBIL) signed a Memorandum of Understanding (MoU) with Confidence Group,

2024-03-20 00:00:00

PRIME BANK INVESTMENT TEAMS UP WITH CONFIDENCE GROUP Prime Bank Investment Limited (PBIL) signed a Memorandum of Understanding (MoU) with Confidence Group, a leading conglomerate, marking the commencement of a strategic collaboration to provide comprehensive investment banking services. With this...

Chinese company to invest $ 27.8m in economic zone

2024-03-20 00:00:00

Chinese company Dongfang Knitting (BD) Co. Ltd. will invest US$ 27.8 million to set up a sock manufacturing industry in BEPZA Economic Zone (BEPZA EZ) located at Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN), Mirsharai, Chattogram, reports UNB.Ali Reza Mazid, Member...

Gold prices edge down(20-03-2024)

2024-03-20 00:00:00

FE ReportThe Bangladesh Jewellers' Association (BJA) has lowered gold prices by Tk 1,750 per bhori (11.664 grams) on the local market. As per the new rate, 22-carat gold will now be sold at Tk 111,158 per bhori. The latest pricing...

Bengal Commercial Bank launched multi-currency Debit, Credit and Pre-paid Cards with advanced technology

2024-03-20 00:00:00

BENGAL COMMERCIAL BANK LAUNCHES VISA CARDS Bengal Commercial Bank launched multi-currency Debit, Credit and Pre-paid Cards with advanced technology under VISA network at the head office of the bank in Dhaka on Sunday. The 3D secured contactless cards with EMV...

Promote recyclable plastic goods

2024-03-20 00:00:00

FE REPORTSpeakers at a seminar on Tuesday suggested promoting sustainable production and consumption of plastic goods through an environmentally sound waste management system.They emphasised increasing competition, taking new market opportunities, expanding products, security of resource sources and increasing reputation in...

Dhaka seeks UAE investment in tourism sector

2024-03-20 00:00:00

Civil Aviation and Tourism Minister M Faruk Khan on Tuesday sought investment from the United Arab Emirates (UAE) in the development of Bangladesh's tourism infrastructure as well as construction of hotels and resorts, reports BSS. "There are opportunities for the...

Symphony launches 'innova30'

2024-03-20 00:00:00

Symphony Mobile, a leading smartphone manufacturer in Bangladesh, has announced the launch of its newest smartphone with 6GB/8GB RAM -- the innova30, says a press release. Packed with advanced features and powered by the Android 13 operating system, innova30 offers...

National Bank Securities Ltd (NBLSL) inaugurated three new branches strategically located in Dhaka's

2024-03-20 00:00:00

NBLSL OPENS THREE NEW BRANCHES National Bank Securities Ltd (NBLSL) inaugurated three new branches strategically located in Dhaka's prominent areas -- Kamal Ataturk at Banani, Satmasjid Road at Dhanmondi, and Pallabi at Mirpur. Zobayed Al-Mamun Hasan, Managing Director of NBLSL,...

Another Walton fridge buyer gets Tk 1.0m

2024-03-20 00:00:00

Humayun Sarker, a van driver from Debidwar upazila of Cumilla, has become a millionaire after purchasing a Walton refrigerator under the 'nonstop millionaire' offer as part of the company's ongoing 'Digital Campaign Season-20', says a press release. Earlier, a total...

SCB airs concern over hijacking of BD vessel

2024-03-20 00:00:00

Chairman of the Shippers Council of Bangladesh (SCB) Md Rezaul Karim expressed grave concern over the hijacking of Bangladeshi vessel MV Abdullah with 23 sailors on board by Somali pirates on March 12, says a press release. "Ensuring safety and...

The 105th meeting of the Board of Directors of Crystal Insurance Company Limited was held at the company's Corporate Office

2024-03-20 00:00:00

CRYSTAL INSURANCE HOLDS BOARD MEETING The 105th meeting of the Board of Directors of Crystal Insurance Company Limited was held at the company's Corporate Office in Dhaka recently. Abdullah Al-Mahmud (Mahin), Chairman of the company, presided over the meeting. Directors...

Bullish investors pile into EM, European stocks in March, BofA survey shows

2024-03-20 00:00:00

LONDON, March 19 (Reuters): Upbeat investors rushed into emerging market equities in March at the fastest pace since April 2017, and into euro zone stocks at the quickest clip since June 2020, Bank of America's fund manager survey on Tuesday...

Berkshire Hathaway speeds up stock buybacks

2024-03-20 00:00:00

Berkshire Hathaway has increased its pace of repurchasing its own shares, a sign that longtime Chairman Warren Buffett considers them undervalued and a good place to spend excess cash, reports Reuters.In its proxy filing on Friday, Berkshire said it repurchased...

Global shares dip, yen slides as BOJ's landmark policy shift draws eyes

2024-03-20 00:00:00

SINGAPORE/LONDON, March 19 (Reuters): Global shares dipped on Tuesday while the yen slid after the Bank of Japan met market expectations and ended eight years of negative interest rates, likely the highlight of a busy week for central banks.MSCI's world...

To celebrate International Women's Day 2024, the MTB Foundation distributed free bicycles

2024-03-20 00:00:00

MTB Foundation distributes bicycles to female studentsTo celebrate International Women's Day 2024, the MTB Foundation distributed free bicycles to underprivileged female students with good academic records from six schools in Bogura. This initiative is part of their Swapno Sarathi (The...

An agreement signing ceremony between ONE Bank's OK Wallet and Mutual Trust Bank (MTB) was held recently at MTB Centre in the capital

2024-03-20 00:00:00

ONE Bank signs deal with MTBAn agreement signing ceremony between ONE Bank's OK Wallet and Mutual Trust Bank (MTB) was held recently at MTB Centre in the capital. Md Monzur Mofiz, managing director of ONE Bank, and Syed Mahbubur Rahman,...

China's bonds boom as investors face 'asset famine'

2024-03-20 00:00:00

SHANGHAI, March 19 (Reuters): A record-breaking rally in Chinese sovereign debt is hitting a fever pitch in another sign China's financial system is low on confidence and overflowing with cash and bank deposits.Yields at the longer end of China's bond...

CSE to get maiden commodity exchange licence today

2024-03-20 00:00:00

FE ReportThe Chittagong Stock Exchange (CSE) will get the licence of the country's maiden commodity (CX) exchange from the securities regulator today (Wednesday) nearly four months after the publishing of rules.CSE's Managing Director Shaifur Rahman Mazumdar confirmed this, saying that...

Brokers demand labelling of stocks as per market value

FE REPORT | 2024-03-20 00:00:00

Top brokers have demanded that listed companies be categorised based on their market capitalisation, instead of how much dividends they paid. In a virtual meeting on Tuesday, top 30 brokers of the country discussed issues and came up with demands...

Steelmakers demand cushion in adverse climate

FE REPORT | 2024-03-20 00:00:00

Steelmakers have sought protection from the government to survive as they are in a deep crisis caused by the sharp devaluation of the taka against the dollar among others. The association of steelmakers made the plea at a press conference...

Forced sale, floor removal from Robi worsen DSEX downward spiral

FE REPORT | 2024-03-20 00:00:00

Stocks continued their downward spiral on Tuesday for the eighth session in a row as panic-driven selloffs dominated the market. Many stocks came down to the forced-selling level from the leveraged accounts, which aggravated the market's decline, said a merchant...

11 students killed, 42 hurt in Kenya bus crash

2024-03-20 00:00:00

NAIROBI, Mar 19 (AFP): A bus carrying students from a top Kenyan university collided with a truck on a busy highway after skidding in heavy rain, killing 11 of them and injuring 42 seriously, police said.The accident occurred at 5:50...

China's claims over Arunachal Pradesh state 'absurd': India

2024-03-20 00:00:00

NEW DELHI, Mar 19 (Reuters): India's foreign ministry said on Tuesday that China was making "absurd claims" over Arunachal Pradesh, adding that the northeastern state which shares a border with China will always be an "integral and inalienable part of...