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Shanto, Hridoy help Tigers level T20 series against Lanka

2024-03-07 00:00:00

Najmul Hossain Shanto steered Bangladesh to a commanding 8-wicket win against Sri Lanka in the second T20 at the Sylhet International Cricket Stadium in Sylhet on Wednesday.Towhid Hridoy also played a good innings, scored 32- run in just 25 balls....

Concerns over Ramadan supply, river pollution as sugar factory fire rages

FE REPORT | 2024-03-07 00:00:00

CHATTOGRAM, Mar 06: A fire that broke out at a large sugar refinery in Chattogram, owned by S Alam Group, on Monday afternoon was still not fully extinguished on Wednesday afternoon. The fire service said it could take two to...

TCB raises sugar price by Tk 30

FE REPORT | 2024-03-07 00:00:00

The state-run Trading Corporation of Bangladesh (TCB) has increased the price of sugar by Tk 30 per kilogram under its sales initiative. The TCB will begin selling some essential items at subsidised rates to 10 million low-income beneficiaries starting today...

BD deal with Myanmar's pvt sector soon for supplies

SYFUL ISLAM | 2024-03-07 00:00:00

Bangladesh moves fast preparing a deal document for procuring rice and farm products from the war-torn eastern neighbour Myanmar to replenish stock, officials said, as market keeps gaining heat.The Ministry of Commerce, after a recent meeting, shared a draft memorandum...

Be tough against food hoarding, counterfeit currencies

2024-03-07 00:00:00

Prime Minister Sheikh Hasina asked the RAB on Wednesday to further strengthen their efforts against food hoarding and the circulation of counterfeit currencies ahead of Ramadan and Eid, report agenciesShe also urged them to take tougher legal action against militancy,...

Briefing 2024-03-07

2024-03-07 00:00:00

Prayer Timings (2024-03-07)

2024-03-07 00:00:00

Restaurant fire safety sweeps in Dhaka after the Bailey Road blaze

2024-03-07 00:00:00

Following restaurant fire safety sweeps in Dhaka after the Bailey Road blaze, fire extinguishers from a residential hotel in Kakrail on Wednesday are being loaded onto a rickshaw to be refilled. — FE photo by Asad-Uz-Zaman

Around 36pc garment workers migrated for climate change

FE REPORT | 2024-03-07 00:00:00

Half of the respondent garment workers bear woes for climate-change implications while 36 per cent migrated from backwaters being tossed off by climatic calamities, according to a study."An aggregate 50 per cent of the surveyed readymade garment (RMG) workers suffer...

February inflation rate eases to 9.67pc

FE REPORT | 2024-03-07 00:00:00

The point-to-point inflation declined slightly to 9.67 per cent in February in Bangladesh over that of 9.86 per cent in January, according to the Bangladesh Bureau of Statistics (BBS) provisional data. The rate of food inflation reached 9.44 per cent...

BD gross forex reserves cross $26b with greenback buys

JUBAIR HASAN | 2024-03-07 00:00:00

Bangladesh's foreign-currency reserves show a robust rebound with the central bank having booked around US$1.0 billion from commercial banks in just seven days of deals under the currency-swap window, officials said.With the rising sales of the American greenback by the...

Historic March 7 today

2024-03-07 00:00:00

The nation observes the historic March 7 today in a fitting manner to commemorate the landmark speech of Father of the Nation Bangabandhu Sheikh Mujibur Rahman.The ruling Awami League (AL) has planned an elaborate programme to mark the historic occasion.The...

Telcos face Tk 1.45b interest claim on settled tax disputes

DOULOT AKTER MALA | 2024-03-07 00:00:00

Having settled 16 cases of unpaid taxes through alternative dispute resolution in 2019, the revenue board is now seeking to claim Tk 1.45 billion in interest on VAT paid earlier from the country's leading telecom operators, according to officials.The officials...

Cash-strapped Egypt allows its currency to fall sharply against dollar

2024-03-07 00:00:00

CAIRO, Mar 06 (AP): The Egyptian pound slipped sharply against the dollar on Wednesday after Egypt's central bank raised its main interest rate and said it would allow the currency's exchange rate to be set by market forces.The measures by...

Australian economy stalls as consumers rein in spending

2024-03-07 00:00:00

SYDNEY, Mar 06 (AFP): Australia's economy grew just 0.2 per cent in the last quarter of 2023, official data showed Wednesday, as cost of living pressures weighed on Australian households.The Australian Bureau of Statistics said growth had hit 1.5 per...

Bitcoin rises after rapid climb to new record

2024-03-07 00:00:00

LONDON/SINGAPORE, Mar 06 (Reuters): Bitcoin rallied again on Wednesday in volatile trade, while ether jumped almost 10 per cent as crypto mania continued to sweep through the investment community.Bitcoin rose by as much as 6.8 per cent to a session...

China hails 'favourable' economic conditions

2024-03-07 00:00:00

BEIJING, March 6 (AFP): China's top economic policymakers expressed confidence Wednesday that the country could achieve a strong recovery this year, despite persistent headwinds that continue to hinder growth.Thousands of delegates are convening this week in Beijing for the "Two...

RBI asks card issuers to give users choice of selecting network

2024-03-07 00:00:00

MUMBAI, Mar 06 (Reuters): India's central bank on Wednesday said issuers of credit cards cannot enter into any arrangement or agreement with card networks that restrain customers from availing the services of other networks."On a review, it is observed that...

Bankrupt Sri Lanka to seek debt moratorium until 2028

2024-03-07 00:00:00

COLOMBO, Mar 06 (AFP): Sri Lankan President Ranil Wickremesinghe said Wednesday he was seeking a moratorium on foreign debt repayments until 2028, following a government default during the island nation's unprecedented economic crisis two years ago.A collapse in foreign exchange...

Qatar's merchandise trade balance records $14.9b surplus

2024-03-07 00:00:00

RIYADH, Mar 06 (Arab News): Qatar's trade balance showed a surplus of $14.9 billion in the fourth quarter of 2023, marking an annual 31.5 per cent decrease, according to official data.The figures released by the Planning and Statistics Authority highlighted...

SHIMANTO BANK CONGRATULATES DEPUTY GOVERNORS

2024-03-07 00:00:00

Managing Director & CEO of Shimanto Bank Rafiqul Islam congratulates newly appointed Deputy Governors of Bangladesh Bank Md Khurshid Alam and Dr Md Habibur Rahman at their offices recently.

SONALI BANK TEAMS UP WITH MEGHNA BANK

2024-03-07 00:00:00

Sonali Bank PLC has teamed up with Meghna Bank PLC to launch a service enabling Meghna Bank customers to pay their chalan, utility bill, pension scheme installments and various charges and fees through 'MeghnaPay Wallet' by using Sonali Bank payment...

ISLAMI BANK BOGURA ZONE HOLDS AGENT BANKING CONFCE

2024-03-07 00:00:00

Bogura Zone of Islami Bank Bangladesh PLC organised an Agent Banking Business Development Conference and Workshop on 'Prevention of money laundering & terrorist financing' recently at a conference hall in Bogura recently. Mohammed Monirul Moula, Managing Director and CEO of...

Two more factories in Bangladesh get LEED certification

2024-03-07 00:00:00

Two more factories in Bangladesh have received Leadership in Energy and Environmental Design (LEED) certification from the United States Green Building Council (USGBC), reports BSS.With this, the number of green factories in the country rose to 211, according to Bangladesh...

Govt to invite bids for offshore oil, gas exploration on Mar 10

2024-03-07 00:00:00

Bangladesh will invite international bidding for oil and gas exploration in 24 blocks in the Bay of Bengal on March 10 in an effort to boost domestic energy production, the chairman of state-owned Petrobangla told Reuters on Tuesday.Bangladesh has been...

National Bank gets new DMD

2024-03-07 00:00:00

 National Bank Limited has appointed Md Abdul Matin as the Deputy Managing Director (DMD), effective from March 5, says a statement. Prior to joining NBL, Mr Matin served as the Deputy Managing Director of South Bangla Agriculture and Commerce (SBAC)...

CAAB to renew aviation agreement with Vietnam

FE REPORT | 2024-03-07 00:00:00

The Civil Aviation Authority of Bangladesh (CAAB) moves to renew the aviation agreement signed with Vietnam to facilitate direct air links between the two countries. A consultation meeting will be held to this end soon. This issue was discussed at...

Gold price hits all-time high

FE REPORT | 2024-03-07 00:00:00

Gold prices hit all-time high, at Tk112,908 per bhori (11.664 grams), in the country as local jewellers revised the rate of the precious metal upward on Wednesday.The new rate will come into effect today (Thursday), says a press release issued...

Transform ‘customs into future-proof agency’

FE REPORT | 2024-03-07 00:00:00

Bangladesh Customs will have to be transformed with state-of-the-art technology to streamline its services suitable for handling a huge volume of cargo at a time when the country's export earnings are expected to cross US$ 100 billion, experts said at...

Toyota to invest $2.2b in Brazil hybrid production

2024-03-07 00:00:00

TOKYO, Mar 06 (AFP): Japanese auto giant Toyota said Wednesday that it plans to invest 11 billion reais ($2.2 billion) in beefing up production of hybrid vehicles in Brazil through 2030.Despite the boom in electric cars, Japan's automakers have long...