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Keep factories closed on Aug 5

FE REPORT | 2025-08-04 00:00:00

Three trade bodies of the country's textile and readymade garment industries have requested their member factories to keep their factories closed on August 05 in observance of the July Mass Uprising Day. Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Bangladesh...

BD needs to focus on boosting trade among BIMSTEC countries: ICCB

FE DESK | 2025-08-04 00:00:00

Bangladesh, as the current chair of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC), needs to focus on boosting trade among member countries by easing visa rules, improving customs systems, and supporting digital payments.The International Chamber...

Union Bank holds 49th Meeting of the newly formed Board

2025-08-04 00:00:00

The 49th meeting of the newly formed Board of the Directors of Union Bank PLC was held at the bank's Head Office, Gulshan-1, Dhaka on Sunday. Chairman of the Board of the Directors of the bank Md. Fariduddin Ahmed presided...

Standard Bank organises 20-day foundation training course

2025-08-04 00:00:00

Standard Bank has organised a 20-day foundation training course with the participation of the newly-recruited 11th Batch Management Trainee Officers (MTO) of the bank at its Learning Centre on Sunday. Md Habibur Rahman, Managing Director and CEO of the bank,...

5-member probe body formed over Natore sugar mill robbery

2025-08-04 00:00:00

NATORE, Aug 03 (UNB): A five-member probe body has been formed in connection with the robbery at Natore sugar mill in Natore district.Akhlasur Rahman, managing director of the sugar mill, said the committee, headed by Director General of the sugar...

BGIC CEO reappointed

2025-08-04 00:00:00

Ahmed Saifuddin Chowdhury Minto has been reappointed as Managing Director & CEO of Bangladesh General Insurance Company PLC (BGIC) for the 5th consecutive term, says a press statement. He joined the BGIC Head Office in 1986, and after two years,...

Berger Luxury Silk brings Maldives wedding dreams to Dhaka's big screen

2025-08-04 00:00:00

For many couples, the dream of a perfect wedding photoshoot often goes unfulfilled due to various reasons like time, budget, or simply missing the moment. Later, they might regret not capturing that special magic. Understanding this common desire, Berger Luxury...

BDDL Peace Park redefines urban architecture

FE REPORT | 2025-08-04 00:00:00

In a rare departure from Dhaka's dense, concrete-dominated skyline, Bangladesh Development Design Limited (BDDL) has unveiled Peace Park, a unique housing project that blends sustainable greenery architecture with community-oriented living in the capital's Dhanmondi area.With over 1,000 trees planted throughout...

BIAC hosts ADR Foundation Course

2025-08-04 00:00:00

The Bangladesh International Arbitration Centre (BIAC), the country's sole registered Alternative Dispute Resolution (ADR) institution, successfully organised a two-day training course titled 'Arbitration and Mediation: Foundation Course on ADR' that ended on July 31. Held at the BIAC Auditorium in...

Global action needed to overcome climate crisis

OUR CORRESPONDENT | 2025-08-04 00:00:00

CHATTOGRAM, Aug 03: The world is in a dire state due to the adverse impact of the climate change, which needs to be addressed by collective global action, said speakers.Decisive action must be taken now to build a livable future,...

Never mind Wall Street records, investors rethink US market supremacy

2025-08-04 00:00:00

NEW YORK, Aug 3 (Reuters): A rebound on Wall Street and in the dollar has not allayed investor concerns about the ability of US assets to outperform overseas markets, with a fresh tariff salvo once again denting market optimism after...

NZ woman held after travelling with child in suitcase

2025-08-04 00:00:00

WELLINGTON, Aug 03 (AFP): A New Zealand woman was arrested on Sunday after travelling on a bus with a two-year-old girl trapped in her luggage. Detective Inspector Simon Harrison said the woman had been charged with ill-treatment and neglect of...

Ukraine's drone attack sparks fire at oil depot in Russia

2025-08-04 00:00:00

MOSCOW, Aug 03 (Reuters): More than 120 firefighters were trying to extinguish a blaze at an oil depot in the Russian city of Sochi that was sparked by a Ukrainian drone attack, regional Governor Veniamin Kondratyev said early on Sunday...

Myanmar junta's air strike on rebel-held mine hub kills 13

2025-08-04 00:00:00

YANGON, Aug 03 (AFP): A Myanmar junta air strike on a rebel-occupied ruby mining hub killed 13 people on Saturday, according to a resident and a spokesperson for an armed opposition group.Civil war has consumed Myanmar since the military seized...

US agency probes spl counsel who prosecuted Trump

2025-08-04 00:00:00

WASHINGTON, Aug 03 (AFP): US officials have opened an investigation into Jack Smith, the former special counsel who led two federal criminal cases against President Donald Trump, US media reported Saturday.The Office of Special Counsel told The New York Times...

Israeli forces kill 23 aid-seekers

2025-08-04 00:00:00

GAZA, Aug 03 (AP/Reuters/AFP): Israeli forces killed at least 23 Palestinians seeking food on Sunday in Gaza, according to hospital officials and witnesses, who described facing gunfire as hungry crowds surged around aid sites, as the malnutrition-related death toll also...

Russia could face gasoline shortages despite export ban

2025-08-04 00:00:00

MOSCOW, Aug 3 (Reuters): Russia could face gasoline shortages in August despite an export ban, as low domestic stocks, peak seasonal demand and repair work at domestic refineries affect the market, trade sources said on Friday.The ban, imposed on Monday...

India to keep buying Russian oil despite Trump's threats

2025-08-04 00:00:00

NEW DELHI, Aug 3 (AP): India has indicated that it would continue buying oil from Russia despite threats by U.S. President Donald Trump.The Indian foreign ministry said its relationship with Russia was "steady and time-tested," and should not be seen...

Pakistan to buy first-ever US oil cargo in deal with Vitol

2025-08-04 00:00:00

KARACHI/SINGAPORE, Aug 3 (Reuters): Pakistan's largest refiner Cnergyico will import 1 million barrels of oil from Vitol in October, Cnergyico's Vice Chairman Usama Qureshi said on Friday, the country's first-ever purchase of US crude following a landmark trade deal.The West...

BARI holds photo exhibition of July Revolution

2025-08-04 00:00:00

Bangladesh Agricultural Research Institute (BARI) organised a photo exhibition titled "July Revolution Photo Exhibition-2024" at the main gate of the administrative building of BARI on Sunday to commemorate the July Revolution 2024 and pay tribute to the martyrs. BARI Director...

OPEC+ makes another large oil output hike in market share push

2025-08-04 00:00:00

LONDON, Aug 3 (Reuters): OPEC+ agreed on Sunday to raise oil production by 547,000 barrels per day for September, the latest in a series of accelerated output hikes to regain market share, as concerns mount over potential supply disruptions linked...

SHAHJALAL ISLAMI BANK ORGANISES HALF-YEARLY BUSINESS CONFERENCE 2025

2025-08-04 00:00:00

Shahjalal Islami Bank organised "Half-Yearly Business Conference-2025" on Saturday at Radisson Blu Dhaka Water Garden Hotel in the capital. The conference was presided over by Managing Director Mosleh Uddin Ahmed, while the bank's board Chairman A. K. Azad was present...

PRIME BANK INKS DEAL WITH NEESHORGO HOTEL & RESORT

2025-08-04 00:00:00

Prime Bank signed a strategic agreement with Neeshorgo Hotel & Resort, enabling the bank's cardholders to enjoy exclusive discounts and enhanced payment convenience at the hotel. As part of this partnership, Prime Bank cardholders will receive up to 50 per...

MODHUMOTI BANK DONATES TK 1.8M FOR EYE CARE

2025-08-04 00:00:00

Modhumoti Bank donated Tk 1.8 million to "Bangladesh Eye TruSst Hospital" under the bank's corporate social responsibility programme on Thursday for cataract surgeries of underprivileged eye patients in rural areas. Md. Shafiul Azam, managing director & CEO of Modhumoti Bank,...

AB Bank posts deepest H1 loss among listed lenders

FE REPORT | 2025-08-04 00:00:00

AB Bank posted a staggering loss of Tk 15.03 billion for the April-June quarter this year, catching investors off guard, as it had shown a profit of Tk 36 million for the same period a year ago.The listed commercial bank...

Equity rally hinges on cooling inflation, stable forex market

FE REPORT | 2025-08-04 00:00:00

Despite the tight monetary policy to be maintained for July-December this year, EBL Securities has predicted a positive capital market outlook, relying on the falling yields of government bonds.Although the central bank kept the policy rate unchanged at 10 per...

Border frictions and rising trade costs

Mohammad Abdur Razzaque and Syful Islam | 2025-08-04 00:00:00

The two neighbouring countries of Bangladesh and India share a land border of approximately 4,096 kilometres (2,545 miles), making it the fifth-longest international land border in the world. Under ideal circumstances, such geographic proximity should facilitate trade between the two...

Evolving scenario centring Palestine because of Gaza

Muhammad Zamir | 2025-08-04 00:00:00

Geo-strategic analysts have been underlining over the past few weeks how the United Nations is failing to resolve conflicts around the world, specifically in the Middle East. Its key peacemaking principle of multilateralism seems to have lost its legitimacy and...

Brainpower behind modern businesses

2025-08-04 00:00:00

In today's data-driven world, Management Information Systems (MIS) have become the central nervous system of modern businesses. Just as the brain connects and coordinates the human body, MIS integrates all key functional areas of an organisation-finance, human resources, marketing, operations,...

Why MPs need offices in their constituencies

2025-08-04 00:00:00

In our country, Members of Parliament are directly elected through general elections to serve in a unicameral legislative system. Their primary duties revolve around legislative responsibilities, including passing laws and ensuring oversight of the executive branch to hold it accountable...