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CITIZENS BANK PARTNERS WITH VISA

2024-03-10 00:00:00

Citizens Bank PLC has recently onboarded VISA branded International Card services (Debit, Credit and Prepaid) for its clients across the different segments at its head office on Thursday. Mohammad Masoom, Managing Director and CEO, Citizens Bank, and Ashish Chakraborty, Director,...

BIPF for using 'cartel' instead of 'syndicate'

FE REPORT | 2024-03-10 00:00:00

The Bangladesh Intellectual Property Forum (BIPF) on Saturday urged the government to bring necessary changes to the Competition Law aiming to boost both investment and employments.The BIPF also advocated for using the term "cartel" instead of "syndicate" when it comes...

Aviva Finance draws up 5-7 year roadmap to clear NPL

ISMAIL HOSSAIN | 2024-03-10 00:00:00

Aviva Finance Limited, formerly known as Reliance Finance Limited, has drawn up a 5-7 year roadmap to clear its non-performing loan (NPL) burden which is around 35 per cent of the total outstanding credit, said M Mostafiduzzaman, managing director and...

Westin, Sheraton come up with Ramadan offerings

FE REPORT | 2024-03-10 00:00:00

Two five-star hotels, the Westin Dhaka and Sheraton Dhaka, are set to offer a wide range of foods for Iftar and Sehri in the month of long Ramadan. The hospitality services, owned by Unique Hotel & Resorts PLC, will also...

China needs to do more to boost employment in property market

2024-03-10 00:00:00

BEIJING, Mar 09 (AFP): China needs to do more to boost employment and stabilise its property market, top officials acknowledged on Saturday, as policymakers struggle to revive the country's battered economy.Beijing is grappling with a prolonged property sector crisis, record...

India, Europe trade group to sign pact today

2024-03-10 00:00:00

NEW DELHI, Mar 09 (Reuters): India will sign an economic agreement (today) Sunday with a group of four European countries aimed at increasing trade and investment, two officials with knowledge of the talks said, capping nearly 16 years of negotiations.New...

India widens inquiry into public debt issue subscriptions, sources say

2024-03-10 00:00:00

MUMBAI, March 9 (Reuters): India's financial market regulator and its central bank are widening an investigation into how merchant banks manage retail subscriptions in public debt issues, two sources with direct knowledge of the matter told Reuters.The Securities and Exchange...

US Department of Justice's updated corporate enforcement approach emphasizes national security

2024-03-10 00:00:00

Policy updates the US Department of Justice (DOJ) has instituted regarding its approach to corporate enforcement have been widely discussed in recent legal and business news. Going back to October 2021, opens new tab, Deputy Attorney General (DAG) Lisa Monaco...

Microsoft warns Russian hackers still trying to break into its systems

2024-03-10 00:00:00

WASHINGTON, Mar 09 (Reuters): Microsoft said on Friday that hackers linked to Russia's foreign intelligence were trying again to break into its systems, using data stolen from corporate emails in January to gain new access to the tech giant whose...

ERL HOLDS ANNUAL GENERAL MEETING

2024-03-10 00:00:00

The 47th annual general meeting (AGM) of Eastern Refinery Ltd (ERL), a subsidiary of Bangladesh Petroleum Corporation (BPC), was held at its North Patenga office in Chattogram on Friday. ABM Azad, Chairman of ERL Board of Directors and the BPC,...

AGRANI BANK OPENS NEW BRANCH

2024-03-10 00:00:00

Agrani Bank PLC has opened a new branch, 'Harashpur Market Branch', at Madhabpur Upazila in Habiganj on Saturday. Managing Director and CEO of the bank Md Murshedul Kabir inaugurated the branch as the chief guest. The bank Sylhet Circle's General...

Intercontinental Dhaka recognised as top performer

2024-03-10 00:00:00

InterContinental Dhaka, the iconic and city's only luxury hotel, has been recognised as the 2023 Top Performer for creating efficiency in guest loyalty in the India, Middle East and Africa region at the recent IHG Impact Awards ceremony held in...

UNIVERSAL MEDICAL COLLEGE HOSPITAL HOLDS FREE HEALTH CAMP

2024-03-10 00:00:00

Universal Medical college Hospital organised a daylong free women health camp on Thursday, marking the International Women Day. The hospital's Chairman and FBCCI Director Priti Chakraborty inaugurated the camp by cutting a cake. About 300 women received treatment at the...

Bluesign hosts seminar on sustainability

2024-03-10 00:00:00

Bluesign, the global total solution provider for a sustainable textile production, in collaboration with the Switzerland-Bangladesh Chamber of Commerce and Industry (SBCCI) organised a seminar titled 'Digital Product Passport (DPP) with bluesign Roadmap' at a city hotel recently, says a...

BRAC Bank, MicroSave sign MoU

2024-03-10 00:00:00

BRAC Bank and MicroSave, a global consulting firm specialising in market-led solutions for financial services, have signed a memorandum of understanding (MoU) to collaborate on enhancing digital financial inclusion in the country. Syed Abdul Momen, deputy managing director and head...

REHAB's new committee takes charge

2024-03-10 00:00:00

The newly-elected office- bearers of the Real Estate and Housing Association of Bangladesh (REHAB) took charge for the next two years at a function in the capital on Saturday.The new committee, led by its president M Wahiduzzaman and senior vice...

BSEC to set guidelines for listing of auditors

FE REPORT | 2024-03-10 00:00:00

The stock market watchdog is formulating guidelines for enlistment of audit firms and auditors that will be allowed to inspect listed companies. As of now, there are no guidelines, said Mohammad Rezaul Karim, spokesperson and executive director of the Bangladesh...

From Ltd to PLC: Why are cos so reluctant for the change?

MOHAMMAD MUFAZZAL | 2024-03-10 00:00:00

Publicly-traded companies are in difficulty to comply with the government's instruction to adopt the status as Public Limited Company (PLC). They are obliged to pay Tk 50,000 each to each stock exchange for changing into PLC from Ltd entity, despite...

Educating community about managing a lifelong ailment

Farhin Islam | 2024-03-10 00:00:00

Thalassemia, a genetic blood disorder, often remains overlooked in health discussions, yet its impact on individuals and families is profound. WANA, soon to be known as the Bangladesh Thalassemia Patients and Parents' Welfare Association, stands as a beacon of support...

Empowering working women beyond corporate peripheries in Bangladesh

MAISHA ZAahir | 2024-03-10 00:00:00

In our fight for gender equality and economic inclusion, we must talk about the often-overlooked women who work in the shadows of corporate landscapes and white-collar fields. These women, whether tending to households or labouring in the grit of manufacturing...

Valuing children's mental wellbeing

Zarin Zeba Khan | 2024-03-10 00:00:00

In the shadow of the Covid-19 lockdown, the city's true nature surfaced, revealing a dark side marked by a disturbing rise in child abuse. The headlines screamed the harsh reality: 5,203 reported child abuse cases in four years, claiming the...

Australian farmers rip out millions of vines amid wine glut

2024-03-10 00:00:00

GRIFFITH, Australia, Mar 9 (Reuters): Millions of vines are being destroyed in Australia and tens of millions more must be pulled up to rein in overproduction that has crushed grape prices and threatens the livelihoods of growers and wine makers.Falling...

US soybean exports under scrutiny amid worst sales run in years

2024-03-10 00:00:00

NAPERVILLE, Illinois, Mar 9 (Reuters): Last week's US soybean export sales exceeded all trade expectations for the first time since November, but that is not at all representative of how little interest international buyers have expressed of late.The US Department...

Ivory Coast to maintain cocoa farmgate price levels

2024-03-10 00:00:00

ABIDJAN/ACCRA, Mar 9 (Reuters): Top cocoa producers Ivory Coast and Ghana will keep farmgate prices unchanged for their respective mid-crop and light crop harvests despite current record global price levels, sources within their marketing bodies told Reuters on Friday.Poor main...

India's wheat, rapeseed ravaged by rain just before harvesting

2024-03-10 00:00:00

MUMBAI, Mar 9 (Reuters): Untimely rainfall and hailstorms have battered winter-sown crops, including wheat, rapeseed, and chickpeas in India's main producing areas, delaying harvesting, industry and government officials told Reuters.Adverse weather could limit growth in wheat production and complicate the...

Saudi Aramco, Adnoc set sights on lithium

2024-03-10 00:00:00

LONDON/DUBAI, Mar 9 (Reuters): Saudi Arabia and the United Arab Emirates' national oil companies plan to extract lithium from brine in their oilfields, in line with efforts to diversify their economies and profit from the shift to electric vehicles (EVs),...

No concrete bridge for 20,000 inhabitants in Feni, Noakhali for over 22 yrs

2024-03-10 00:00:00

FENI, Mar 09 (UNB): About 20,000 residents of Sonagazi upazila of Feni and Companiganj upazila of Noakhali district are in distress as no concrete bridge has been constructed over the Chhoto Feni River at Kazirhat since it collapsed 22 years...

Baral Vidya Niketan teaches kids in natural surroundings

OUR CORRESPONDENT | 2024-03-10 00:00:00

PABNA, Mar 09: Children at a school in Pabna are learning in natural environment, through building environmental awareness, amid laughter and joy, and taking the earthy scent.Windowless classrooms have light so the learners can easily see trees, birds, rain, nature...

Many river stations closed in Gaibandha

OUR CORRESPONDENT | 2024-03-10 00:00:00

GAIBANDHA, Mar 09: Gaibandha is a riverine district where there are 165 chars. But, many riverbank ghats and business establishments have been closed due to lack of navigability in the Brahmaputra channel.So, the income of the people of various professions,...

News in Brief-(2024-03-10)

2024-03-10 00:00:00

Cambodia earns new world recordfor largest 'bridal carry'PHNOM PENH, Mar 09: Hundreds of Cambodians braved sticky tropical heat to set an unusual new world record: for the most people performing a "bridal carry" at the same time. Late on Friday,...