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Call for promoting sustainable business practices

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

Speakers at a forum have stressed the importance of promoting sustainable business practices, especially in the country's garment sector that plays a crucial role in driving Bangladesh's economic development and transition towards a developing nation.They have also put emphasis on...

Iqbal Ahmed made Beximco Pharma MD

2024-03-06 00:00:00

Beximco Pharmaceuticals appointed its director Iqbal Ahmed as new Managing Director of the pharma company for five years.He had been a director of the board of Beximco Pharma since 1985.The appointment is required to be approved by the shareholders in...

DSEX sheds 142 points in five days as selling of large-caps weighs

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

Stocks witnessed yet another major fall on Tuesday, as jittery investors continued to offload large-cap shares, particularly BAT Bangladesh and Grameenphone, after their floor prices were lifted by the securities regulator.GP is the largest market-cap stocks while BAT Bangladesh is...

Asiatic Lab makes trading debut today

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

Asiatic Laboratories will make its share trading debut on Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) today (Wednesday) under the 'N' category.The Bangladesh Securities and Exchange Commission (BSEC) in August 2022 allowed the company to determine the cut-off...

97pc investors' complaints resolved through CCAM in one year

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

Around 97 per cent of the investors' complaints submitted online have been addressed through the securities regulator's Customer Complaints Address Module (CCAM) in the last one year.The complaints include non-payment of cash dividend, non-disbursement of stock dividends, non-payment of sale...

Prime Insurance holds Annual Branch Managers' Conference

2024-03-06 00:00:00

Prime Insurance Company Ltd organised an Annual Branch Managers' Conference- 2024 at Gulshan Club in Dhaka city recently. Mohd Showkat Ali, Chairman (Acting) of the company was present as the chief guest at the programme. Mohammad Sahadet Hossain, Chairman of...

Islami Bank holds Employee conference-2024

2024-03-06 00:00:00

Dhaka Central Zone, Dhaka North Zone and Local Office Corporate Branch of Islami Bank Bangladesh PLC organized an Employee Conference-2024 at Jamuna Future Park Convention Centre on Monday. Mohammed Monirul Moula, Managing Director and CEO of the bank, addressed the...

Rupali Bank opens Islamic banking window

2024-03-06 00:00:00

In addition to conventional banking, Rupali Bank started Islamic banking at Purana Paltan Corporate Branch recently. Chairman of the bank Kazi Sanaul Hoq and Managing Director and CEO Mohammad Jahangir inaugurated the Islamic banking window service. Deputy Managing Directors of...

39,000 tonnes of onion to be imported through Sonamasjid

2024-03-06 00:00:00

CHAPAINAWABGANJ, Mar 5 (UNB): The government has approved import of 39,000 tonnes of onion from India though Sonamajsid land port in Chapainawabganj to meet local demand ahead of holy Ramadan.Somir Ghosh, deputy director of Sonamasjid Land Port Plant Quarantine Center,...

Purbagaon EZ gets licence

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

A private entity, Purbagaon Economic Zone (PEZ) has received a final license from the government aiming to establish an industrial estate on around 93 acres of land in Narayanganj.The private Economic Zone (EZ), a concern of leading conglomerate City Group...

RMG export to EU reaches US$ 13.92b in July-Jan

2024-03-06 00:00:00

RMG export to the European Union has reached US$ 13.92 billion in July-January of the Fiscal Year (FY) 2023-24, according to the Export Promotion Bureau (EPB).With an increase of 1.32% compared to the same period of previous FY, the export...

Appointment of contractors for deep-sea port soon

NAZIMUDDIN SHYAMOL | 2024-03-06 00:00:00

The Chittagong Port Authority (CPA) is likely to appoint contractors for construction of the Matarbari Deep Sea Port in Cox's Bazar very soon. The CPA has completed evaluating the technical and financial aspects of offers submitted by the Japanese joint...

American Airlines orders 260 aircraft from Airbus, Boeing and Embraer

2024-03-06 00:00:00

American Airlines said on Monday it had agreed to buy a total of 260 new jets from Airbus, Boeing and Embraer, as the carrier targets increased capacity to meet soaring demand for travel, reports Reuters.Major airlines are racing to place...

Ukraine needs long-term plan for food exports to EU

2024-03-06 00:00:00

BRUSSELS, Mar 5 (Reuters): The European Union must allow Ukrainian food producers access to EU markets long term, rather than just extending measures year by year, leaving them at the mercy of political pressures, a senior Ukrainian official said on...

Oil slips as China reforms underwhelm

2024-03-06 00:00:00

LONDON, Mar 5 (Reuters): Oil slipped for a second day on Tuesday as concern over China's plan for growth and uncertainty over the pace of US interest rate cuts offset the prospect of a tighter market due to continued OPEC+...

Gold prices hit record high on growing US rate cut bets

2024-03-06 00:00:00

Gold struck a record high on Tuesday, moving further above $2,100 per ounce in a rally sparked by growing bets for a US interest rate cut in June, with safe haven demand from war in the Middle East also tipping...

News in Brief-(2024-03-06)

2024-03-06 00:00:00

South Korea begins licence suspensionprocess against striking doctorsSEOUL, Mar 05: South Korea said Tuesday it would start notifying striking trainee doctors that their medical licences would be suspended, as it moves to punish medics who have quit hospitals in protest...

Pyongyang warns of consequences over US-S Korea drills

2024-03-06 00:00:00

SEOUL, Mar 05 (AFP): North Korea on Tuesday said Seoul and Washington would pay a "dear price" over large-scale military exercises that started this week, urging the allies to cease "frantic war drills".So far this year, Pyongyang has declared South...

Japan winter this year unusually warm

2024-03-06 00:00:00

TOKYO, Mar 05 (Xinhua): The Japan Meteorological Agency (JMA) has described the current winter season as unusually warm in the country, with the second-highest national average temperature since record-keeping began in 1898.The weather agency convened an expert panel on Monday...

Shehbaz takes oath as Pak PM

2024-03-06 00:00:00

ISLAMABAD, Mar 05 (AP): Shehbaz Sharif was sworn in as Pakistan's new prime minister on Monday after being elected a day earlier in a raucous parliamentary session.He held the same position from April 2022 to August 2023, replacing archrival Imran...

Russian Black Sea fleet ship sinks in drone attack: Kyiv

2024-03-06 00:00:00

KYIV, Mar 05 (BBC): A Russian patrol ship has been sunk in the Black Sea after being attacked by sea drones, according to Ukrainian intelligence. The Sergei Kotov was allegedly hit in the early hours of Tuesday morning.Ukraine's military intelligence...

Push for Israel-Hamas truce intensifies

2024-03-06 00:00:00

GAZA STRIP, Mar 05 (AFP/BBC): International mediators were with Hamas negotiators in Cairo Tuesday for talks on a truce to pause nearly five months of fighting in Gaza before the Muslim holy month of Ramadan, which begins early next week.Envoys...

Aston Villa confirm significant losses in end of year accounts

2024-03-06 00:00:00

BIRMINGHAM, England, Mar 05 (AP): Aston Villa insisted the club is operating within the financial rules of the English Premier League despite reporting a loss of 119.6 million pounds ($151 million) in its latest accounts on Tuesday.Those accounts are up...

Players of Duranta REB posing with the winning trophy

2024-03-06 00:00:00

Players of Duranta REB posing with the winning trophy of Bangladesh Rural Electrification Board (BREB) Cricket Tournament-2024 at the ground of Bangladesh Krira Shikkha Protishtan (BKSP), Savar, in Dhaka recently

Djokovic, Nadal return at Indian Wells today

2024-03-06 00:00:00

LOS ANGELES, Mar 05 (Reuters): Novak Djokovic returns to Indian Wells for the first time in five years seeking a record sixth title while Coco Gauff looks to become the first US woman to win the tournament since Serena Williams...

Tigers face Sri Lanka in 2nd T20 today -

2024-03-06 00:00:00

Bangladesh vowed to stay alive in the three-match T20 International series as they will take on Sri Lanka in the second match at Sylhet International Cricket Stadium in Sylhet today (Wednesday), reports BSS.The match will start at 6pm.The hosts suffered...

Bangladesh women storm into SAFF U-16 final

2024-03-06 00:00:00

Bangladesh U-16 Women's Football team smartly reached the final of the four-nation SAFF U-16 Women's Championship'2024 with one match to spare, outplaying arch- rivals India by 3-1 goals in the second match at the ANFA Complex in Lalitpur, Nepal, on...

Munshiganj municipality employee murdered over 'land dispute'

2024-03-06 00:00:00

MUNSHIGANJ, Mar 05 (UNB): In a tragic incident in Sadar upazila of Munshiganj, an employee of the Munshiganj municipality was killed on Monday night, reportedly over a long-standing land dispute.The victim was identified as Ujjal Mollah, 40, a resident of...

Two killed in pickup van-motorbike collision in Faridpur

2024-03-06 00:00:00

FARIDPUR, Mar 05 (UNB): Two farmers were dead and two fish traders were injured in a collision between a pickup van and a motorbike in Boalmari upazila of Faridpur on Tuesday.The deceased were identified as Imran Sheikh, son of Mohammad...

Four to die for killing child after kidnap in N'ganj

2024-03-06 00:00:00

NARAYANGANJ, Mar 06 (UNB): A Narayanganj court sentenced on Tuesday four people to death for killing an eight-year-old boy after kidnap in 2018.Narayanganj Additional District and Sessions Judge Umme Saraban Tahura handed down the punishment.The condemned convicts are-Shaheen, 35, son...