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38th death anniv of Mirza Ahmed Ispahani observed

2024-03-14 00:00:00

The 38th death anniversary of Mirza Ahmed Ispahani was observed at Mirza Ahmed Ispahani High School in Chattogram on Tuesday, says a statement. Late Mirza Ahmed Ispahani was the founding chairman of M M Ispahani Ltd. He was the grandfather...

CNG stations to remain closed for 6 hrs, not 5 hours

2024-03-14 00:00:00

As per the latest decision of the government, CNG stations will remain closed for 04:00 pm to 10:00 pm instead of 06:00 pm to 11:00 pm every day until April 6 this year in order to resolve the low pressure...

Execution may cause tectonic shift in city's transport system

MUNIMA SULTANA | 2024-03-14 00:00:00

The Kamalapur Railway Station in the capital is proposed to be massively restructured and converted into a Multimodal Transport Hub (MmTH), according to an initial plan shared with the authorities concerned recently. The construction work of the mega project is...

Swedish Crown Princess to visit BD on Mar 18

2024-03-14 00:00:00

Crown Princess Victoria of Sweden is set to visit Bangladesh for the first time in her role as a goodwill ambassador for the United Nations Development Programme (UNDP) and the Sustainable Development Goals (SDGs), reports bdnews24.com.Johan Forssell, the Swedish minister...

Women's inclusion in political parties makes democracy effective: Speaker

2024-03-14 00:00:00

Bangladesh Jatiya Sangsad (JS) Speaker Dr Shirin Sharmin Chaudhury has said that the inclusion of women in political parties leads the country towards a more effective democracy, reports.She made the remarks while participating in the discussion titled 'Leveraging Parliamentary Democracy...

AL establishes oligarchs denying mass people's demand: Moyeen

2024-03-14 00:00:00

BNP standing committee member Dr Abdul Moyeen Khan on Wednesday alleged that the ruling Awami League (AL) has established the oligarchs in the country denying the mass people's demand, reports UNB.He said they have created conducive environment for 220 well-off...

HC recommends non-bailable clause in CSA for hurting religious sentiments

2024-03-14 00:00:00

The High Court has recommended that the government enact a law making it a non-bailable offense to insult or blaspheme the Quran, the Prophet Muhammad (PBUH), and all other religious scriptures and avatars, reports UNB.The bench of Justice Md. Rezaul...

Govt tries to stir up controversy centring religion: BNP

FE REPORT | 2024-03-14 00:00:00

Bangladesh National Party (BNP) said on Wednesday that the government is trying to create religion-centric controversy, which is why it has kept schools, colleges and madrasas open during this holy month of Ramadan.Senior joint secretary general of the party Ruhul...

AL government committed to sustaining country's progress

2024-03-14 00:00:00

Awami League (AL) General Secretary Obaidul Quader on Wednesday reiterated that the incumbent government is committed to sustaining the country's advancement, reports BSS."Bangladesh Awami League never leaves the interest of the country in the face of any conspiracy and pressure…it...

Saudi bank loans surge to $700b, fuelled by real estate

2024-03-14 00:00:00

RIYADH, Mar 13 (Arab News): Saudi banks extended loans totaling SR2.62 trillion ($700 billion) in January, marking an 11 percent rise from the same month in 2023, according to official data.Figures released by the Kingdom's central bank showed an increase...

Vedanta ordered to pay Cairn UK $9.4m for delayed dividends

2024-03-14 00:00:00

NEW DELHI, Mar 13 (Reuters): Indian mining group Vedanta must pay 776 million Indian rupees ($9.4 million) to Cairn UK Holdings for a delay in paying dividends, India's markets watchdog said on Tuesday.The order on the website of the Securities...

China warns proposed TikTok ban will ‘come back to bite’ US

2024-03-14 00:00:00

BEIJING, Mar 13 (AFP): Beijing warned on Wednesday that a proposed ban on Chinese-owned video-sharing app TikTok would "inevitably come back to bite the United States".The US House of Representatives is set to vote later Wednesday on a bill that...

Global corporate dividends hit record $1.66 trillion in 2023

2024-03-14 00:00:00

LONDON, March 13 (Reuters): Corporate dividends globally hit an all-time high of $1.66 trillion in 2023, with record payouts by banks making up half of the growth, a report showed on Wednesday.On a worldwide basis, 86 per cent of listed...

As trade with China booms, some Russian companies are flourishing

2024-03-14 00:00:00

Business at Nikita Minenkov's logistics company, based near the Amur River that marks the border between Russia and China, was going well. Since Moscow's invasion of Ukraine it's gone even better - company turnover has doubled for two years running,...

POPULAR LIFE INSURANCE HOLDS ANNUAL CONFERENCE

2024-03-14 00:00:00

Popular Life Insurance Company Limited (PLICL) organised its Annual Conference 2024 at a hotel in Cox's Bazar recently and handed over cheques against insurance claims. Mohammed Zahirul Islam Chowdhury, chairman of the company, was present as the chief guest while...

DELTA LIFE INSURANCE CELEBRATES INT'L WOMEN'S DAY

2024-03-14 00:00:00

Delta Life Insurance Company celebrated the International Women's Day 2024 with a cake-cutting ceremony at its head office in the city recently. Chairperson of the Executive Committee of the company Adiba Rahman, Chief Executive Officer (Current Charge) Anwarul Haque and...

TANVIR AHMED ELECTED MANAGING DIRECTOR OF ENVOY TEXTILES

2024-03-14 00:00:00

Tanvir Ahmed has been elected the Managing Director of Envoy Textile Limited at the Extraordinary General Meeting (EGM) of the company held at the Gulshan Shooting Club recently. Majority of the shareholders at the meeting, however, opposed the appointment of...

LankaBangla partners with Opus Technology

2024-03-14 00:00:00

LankaBangla Finance PLC announced a strategic partnership with Opus Technology Limited, a leading fintech solutions provider. In this connection, an agreement was signed by Khwaja Shahriar, MD & CEO of LankaBangla Finance, and Mohammad Jafar Iqbal, MD of Opus Technology,...

IDLC Asset Management Shariah Fund holds board meeting

2024-03-14 00:00:00

The 17th Shariah Supervisory Board meeting of IDLC Asset Management Shariah Fund, managed by IDLC Asset Management Limited, was held recently. Dr Syed Muhammed Emdad Uddin chaired the meeting. Other board members, Maulana Sayed Kamaluddin Abdullah Zafree, Dr M Mahabbat...

Rupali Bank holds seminar on offshore banking

2024-03-14 00:00:00

Rupali Bank Training Academy organised a seminar titled 'Offshore Banking: Concept, Procedure, Regulations and Prospect' at the academy in Dhaka on Tuesday. The bank's Chairman, Kazi Sanaul Haque, was the chief guest. Mohammad Delwar Hossain, director, and Mohammad Jahangir, managing...

Southeast Bank signs participation agreement with BB

2024-03-14 00:00:00

Southeast Bank signed an agreement with the Credit Guarantee Department (CGD) of the Bangladesh Bank (BB). This agreement facilitates eligible women's enterprises and agro-processing enterprises under the CMSME sector with insufficient collateral. These enterprises can now avail loans or investments...

MTB Foundation supports female education with Prothom Alo Trust

2024-03-14 00:00:00

To mark International Women's Day 2024, MTB Foundation recently signed an agreement with Prothom Alo Trust to celebrate the theme 'Inspire Inclusion' through the 'MTB Foundation-Prothom Alo Trust Adamya Medhabi Scholarship' project. The agreement was signed by Rupali Chowdhury, chair...

Walton fridge buyer wins Tk 1.0m

2024-03-14 00:00:00

Housewife Laki Begum from Balaganj in Sylhet, who purchased a Walton brand refrigerator, has been awarded Tk 1.0 million as part of 'Nonstop Millionaire' offer under the ongoing Digital Campaign Season-20 of the electronics giant, says a press release. Laki...

BRAC Bank maintains top credit ratings

FE DESK | 2024-03-14 00:00:00

BRAC Bank retains its position as the highest-rated bank in Bangladesh by Moody's Investors Service, according to a statement. The internationally renowned agency affirmed a 'B1' rating with a 'Stable' Outlook for the bank.This rating is equivalent to Bangladesh's sovereign...

IDLC Finance's 2023 profit lowest in 8 years

FE REPORT | 2024-03-14 00:00:00

IDLC Finance has reported its lowest profit in eight years for 2023, as, it says, low interest spread and weak capital market hampered its business. "Two years ago, the difference between what we paid as deposit rate and what we...

PwC Australia cuts jobs in wake of tax leak scandal

2024-03-14 00:00:00

SYDNEY, Mar 13 (AFP): Consulting giant PwC Australia said Wednesday it would slash more than 300 roles as part of a restructuring following a tax leak scandal that plunged the company into turmoil.The firm was rocked in January last year...

Egypt sees trade deficit rise 17.8pc amid export decline

2024-03-14 00:00:00

RIYADH, Mar 13 (Arab News): Egypt’s annual trade deficit rose by 17.8 per cent in December due to a decline in the value of key commodities such as fertilizers and petroleum products.According to the report from the Central Agency for...

China probes another banker for corruption

2024-03-14 00:00:00

BEIJING, Mar 13 (AFP): China has launched an investigation into another former top banker for suspected corruption, state media reported Wednesday, as President Xi Jinping's flagship anti-graft drive rages through the financial sector.Li Jiping, the onetime vice-chief of the state-owned...

UK economy grows 0.2pc, sparking hopes of recession exit

2024-03-14 00:00:00

LONDON, Mar 13 (AFP): Britain's economy rebounded slightly in January, data showed Wednesday, sparking hope of an end to recession in a boost to embattled Prime Minister Rishi Sunak ahead of elections.Gross domestic product grew 0.2 percent following a slight...

Toyota agrees to biggest wage hike in 25 years

2024-03-14 00:00:00

TOKYO, Mar 13 (Reuters): Toyota Motor agreed to give factory workers their biggest pay increase in 25 years on Wednesday, heightening expectations that bumper pay raises will give the central bank leeway to make a key policy shift next week.Toyota,...