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AL takes programme to observe historic March 7

2024-03-06 00:00:00

Awami League (AL) has taken elaborate programmes to observe the historic March 7, a red-letter day in the country's history, on Thursday in a befitting manner, reports BSS.On this day in 1971, Father of the Nation Bangabandhu Sheikh Mujibur Rahman,...

Mohammad Ali Arafat delivers a speech at the DC Conference - 2024

2024-03-06 00:00:00

State Minister for Information and Broadcasting Mohammad Ali Arafat delivers a speech at the DC Conference - 2024 at the Osmani Memorial Auditorium in the city Tuesday. — Focus Bangla

BNP leader Hafiz sent to jail in sabotage case

2024-03-06 00:00:00

A Dhaka court on Tuesday sent BNP vice-chairman Maj (retd) Hafiz Uddin Ahmed to jail in case filed with Gulshan Police Station over obstructing police in perfoing duty and vandalism, reports UNB.Dhaka Metropolitan Magistrate Rajesh Chowdhury passed the order when...

IGP off to Dubai to join World Police Summit

2024-03-06 00:00:00

Inspector General of Police (IGP) Chowdhury Abdullah Al-Mamun has left fhe city for United Arab Emirates (UAE) on an official visit to attend 'The World Police Summit 2024' in Dubai, reports BSS.The IGP departed Hazrat Shahjalal International Airport last night,...

Dr Yunus discusses MF issues with Opportunity International CTO

2024-03-06 00:00:00

Nobel laureate Dr Muhammad Yunus was hosted by US Ambassador to Bangladesh, Peter Haas, at a dinner on March 4 to meet with Greg Nelson, Chief Technology Officer of Opportunity International, reports UNB.The organisation promotes and implements microfinance (MF) programmes...

AL retains power by killing people, says Mirza Abbas

2024-03-06 00:00:00

BNP Standing Committee member Mirza Abbas has said that ruling Awami League (AL) retains power by killing people reports UNB.AL is using state apparatus to kill the taxpayers, alleged the BNP leader.He made the comments in a financial grant giving...

FBCCI chief shocked over S Alam fire

2024-03-06 00:00:00

President of the Federation of Bangladesh Chambers of Commerce & Industries (FBCCI) Mahbubul Alam has expressed grief over a fire that ripped through a sugar refinery plant of S Alam Group in Chattogram on Monday.Such an incident is very shocking...

Banking hours for Ramadan

2024-03-06 00:00:00

Banks will only be able to make transactions from 9:30 am to 2:30 pm for the month of Ramadan, reports bdnews24.com .Banks can continue to operate another one and a half hours until 4 pm for office work.Bangladesh Bank issued...

Fire at sugar factory not yet doused

2024-03-06 00:00:00

The fire at the S Alam Group-owned sugar refinery warehouse in Chattogram persisted for over 24 hours as of the report filing at 9:00 pm. Due to the flammable nature of sugar's raw materials, complete extinguishment of the fire proved...

Apparel trade bodies seek extensive tax benefits

FE REPORT | 2024-03-06 00:00:00

Apparel and textile makers seek a slew of tax benefits, including slashing source tax, in the upcoming national budget for facilitating the export sector's growth.Their proposals include adjusting or refunding advance income tax (AIT) upon return submission, value-added tax (VAT)...

Veteran journalist Kamaluddin no more

2024-03-06 00:00:00

Veteran journalist Sayed Kamaluddin, editor of the weekly Holiday, has passed away at a city hospital. He was 85, reports UNB."My father breathed his last at about 2:30 pm at Evercare Hospital on Tuesday. He was suffering from kidney-related complications,"...

$1.1bn Padma Bridge river training works to end by August

MIR MOSTAFIZUR RAHAMAN | 2024-03-06 00:00:00

The river-training works for the Padma Multipurpose Bridge project are scheduled to be completed by August this year, according to official sources.Of the $2.9 billion allocated for the entire project, $1.1 billion was designated for the river training component -...

Telecom operators seek amendment to sector's income tax provisions

FE REPORT | 2024-03-06 00:00:00

Country's telecom operators have proposed that the revenue board amend income-tax provisions to relieve them of double taxation, which is contradictory to the main policy of the income-tax law.They said it is not possible to collect the Proof of Submission...

Bus operators pay Tk 10b in extortion per year

FE REPORT | 2024-03-06 00:00:00

Private bus operators in the country are estimated to pay at least Tk 10 billion annually in extortion, according to Transparency International Bangladesh (TIB). In a survey, the anti-graft watchdog reveals that individuals or groups affiliated with the ruling party,...

Sultan's Dine, Nawabi Voj sealed off

FE REPORT | 2024-03-06 00:00:00

The drive against non-compliant buildings in the capital continued on Tuesday amid fire-safety concerns following the Bailey Road building fire that claimed 46 lives.The Rajdhani Unnayan Katripakkha (RAJUK) conducted raids on the Bailey Road area and sealed off two restaurants...

AIIB to raise funding for Bangladesh

FE REPORT | 2024-03-06 00:00:00

The Asian Infrastructure Investment Bank (AIIB) is set to enhance funding to Bangladesh as it is adding a new window of climate change alongside financing infrastructure-development projects.Its acting vice-president Rajat Misra came up with the disclosure Tuesday when talking to...

Prayer Timings (2024-03-06)

2024-03-06 00:00:00

Facebook, Instagram down across globe

2024-03-06 00:00:00

Meta Platforms-owned Facebook and Instagram were down for hundreds of thousands of users across the globe for some time on Tuesday, according to outage tracking website Downdetector.com, reports Reuters.The disruptions started around 10:00 am ET, with more than 300,000 reports...

SMART hike makes nonbank funds costlier too

FE REPORT | 2024-03-06 00:00:00

Non-bank financial institutions' funds also get costlier even after 25-basis-point cut in the interest-rate margins for the NBFIs by a latest central-bank order.The push for the rise in the lending and deposit rates basically comes from a significant hike in...

Foreign funding unlikely for non-green projects from July

MUNIMA SULTANA | 2024-03-06 00:00:00

Ongoing development projects, too, may fall into funding uncertainty as major foreign financiers are bound by global decarbonisation deal to cease financing non-green ones from this July.No concern is in the offing, however, for the projects taken or planned with...

PMO directives to check price hike, hoarding

2024-03-06 00:00:00

The Prime Minister's Office (PMO) has directed all the authorities concerned to take necessary action against the hoarding of goods and intensify market monitoring to prevent price hike during the holy month of Ramadan.Besides, the PMO has instructed the authorities...

Major Gulf markets ease on falling oil

2024-03-06 00:00:00

Major stock markets in the Gulf were subdued in early trade on Tuesday, on falling oil prices as the world's biggest crude importer China's economic reforms underwhelmed investors, reports Reuters.Oil prices - a catalyst for the Gulf's financial markets -...

India's Adani dollar bonds see robust demand, signals comeback to global market

2024-03-06 00:00:00

MUMBAI, March 5 (Reuters): India's Adani group saw massive demand on Monday for its first dollar bond since a short-seller attack last year, in what two banking sources said was being seen internally as a test for the conglomerate's access...

Asian markets mostly down as China sets 5pc growth goal

2024-03-06 00:00:00

HONG KONG, March 5 (AFP): Asian markets largely fell on Tuesday after China set an ambitious five percent annual growth target and Wall Street shares dropped ahead of the release of key US economic indicators.Tokyo finished flat, a day after...

Tata Motors hits record high on plan to split into two listed firms

2024-03-06 00:00:00

BENGALURU, March 5 (Reuters): Shares of Tata Motors, opens new tab, India's most valuable carmaker, hit a record high on Tuesday, a day after the company said, opens new tab it will split into two listed firms, separating its commercial...

US stock index futures ease ahead of economic data, megacap growth stocks slide

2024-03-06 00:00:00

US stock index futures dipped on Tuesday as investors awaited a slew of economic data and several key events this week, including appearances from Federal Reserve Chair Jerome Powell, reports Reuters.Investors eyed US services sector data for February and factory...

Social Islami Bank launches campaign on cash waqf, hajj and zakat

2024-03-06 00:00:00

Social Islami Bank recently launched a month-long campaign on cash waqf, hajj and zakat at its head office, ahead of Ramadan. Zafar Alam, managing director and CEO, inaugurated the campaign as the chief guest, while Mohammad Forkanullah, deputy managing director,...

IFIC Bank holds banking network business conference

2024-03-06 00:00:00

IFIC Bank recently held its 'Largest Banking Network Business Conference' at a conference hall in Cumilla. The event's chief guest was Managing Director and CEO Shah Alam Sarwar and it was attended by employees from the Cumilla and Noakhali regions.

MTB hosts celebratory evening for Ctg customers

2024-03-06 00:00:00

Mutual Trust Bank (MTB) recently held an evening of sharing, celebration and reflection for its Chattogram-based payroll and privilege banking customers at Chittagong Club. The event was attended by Md Shafquat Hossain, deputy managing director; Syed Mahmud Akhter, divisional head...

Symphony to launch its latest smartphone

2024-03-06 00:00:00

Symphony Mobile, a trailblazer in the mobile technology industry, is poised to introduce its latest smartphone - Symphony Z70, say the company in a statement. This device, embodying cutting-edge technology and a stylish design, is set to revolutionize the mobile...