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EFG Hermes sees Gulf IPO frenzy from private sector in 2024

2024-03-05 00:00:00

DUBAI, March 4 (Reuters): Emerging market-focused investment bank EFG Hermes, opens new tab is "very bullish" on Gulf markets this year, expecting more, smaller initial public offerings (IPOs) from the region from a year earlier, Mostafa Gad said on Monday.Smaller...

India cenbank expects to launch interoperable payment system for internet banking in 2024

2024-03-05 00:00:00

MUMBAI, March 4 (Reuters): India's central bank expects to launch interoperability of digital payment systems for internet banking in 2024 to enable faster fund settlements for merchants, Governor Shaktikanta Das said on Monday."... we have given approval for implementing such...

Tesla in talks with Thailand for production facility

2024-03-05 00:00:00

BANGKOK, Mar 04 (Reuters): Electric vehicle (EV) maker Tesla is in talks with Thailand's government for a potential production facility in the country having conducted a site survey late last year, an official from the prime minister's office said on...

Alibaba team discusses collaboration with BGMEA

2024-03-05 00:00:00

A delegation from Alibaba, a global retail and e-commerce giant, paid a visit to Faruque Hassan, president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), at the BGMEA Complex in the city on Monday, reports BSS.The Alibaba delegation comprised...

Japan govt considers calling end to deflation

2024-03-05 00:00:00

TOKYO, Mar 04 (Reuters): Japan is considering calling an end to deflation in the wake of rising prices, Kyodo news reported, a move that would turn a new page for the world's fourth-largest economy after decades of economic stagnation scarred...

Managers explore dollar shift to handle faster US stock settlement

2024-03-05 00:00:00

NEW YORK, March 4 (Reuters): Some investment managers are looking to change the currency their funds do business in to the dollar to prevent their foreign exchange transactions from failing when US securities move to a shorter settlement cycle this...

Asian stocks rise on US gains ahead of key China policy meeting

2024-03-05 00:00:00

HONG KONG, March 4 (AFP): Asian markets mostly rose Monday following US gains and ahead of a Chinese legislative session where Beijing's annual growth target and other key policies will be announced.Japan's benchmark Nikkei 225 index surpassed the 40,000 mark...

WALTON AC SERVICE PARTNER CONFERENCE HELD

2024-03-05 00:00:00

A daylong 'AC Service Partner Conference-2024' of the electronics giant Walton was held at the headquarters of Walton Hi-Tech Industries PLC at Chandra in Gazipur on Sunday. At the conference, life insurance policy was declared for the AC service experts...

BKB HOLDS MEETING WITH STAKEHOLDERS

2024-03-05 00:00:00

Bangladesh Krishi Bank (BKB) conducted a meeting with its stakeholders as a part of National Integrity Strategic Plan 2023-24 in Cox's Bazar on Sunday. Md Azimuddin Biswas, Additional Secretary of Financial Institutions Division, Ministry of Finance, was present as the...

Modhumoti Bank holds 76th board meeting

2024-03-05 00:00:00

The 76th meeting of the board of directors of Modhumoti Bank was held virtually on Saturday. Humayun Kabir, chairman of the board, Shaikh Salahuddin, MP, vice-chairman, Barrister Sheikh Fazle Noor Taposh, chairman of executive committee, members Mohammad Ismail Hossain, Salahuddin...

Mercantile Bank donates fertiliser in Noakhali

2024-03-05 00:00:00

Mercantile Bank distributed fertiliser among marginal farmers in Noakhali's Nateshwar on Sunday from the special CSR fund of the bank. Morshed Alam, chairman of the bank and Member of Parliament in Noakhali-2, handed over the fertilisers to the farmers as...

Amari Dhaka comes up with Ramadan offerings

2024-03-05 00:00:00

Amari Dhaka is going to offer a range of culinary delights prepared by chefs from various countries during this Ramadan. The iftar buffet includes Arabian, Moroccan, and Indian kebabs, available for dine-in or takeaway, says a statement. Buffet iftar and...

South Asia Insurance Company brought out a colorful rally

2024-03-05 00:00:00

South Asia Insurance Company Limited brought out a colorful rally in front of the head office of the company at Shantinagar Bazar area in the city recently on the occasion of National Insurance Day-2024.

LafargeHolcim launches ‘Holcim Block’

2024-03-05 00:00:00

LafargeHolcim Bangladesh Limited (LHBL) has launched 'Holcim Block' at a hotel in the capital, says a statement. Md Ashraful Islam, Director General of Housing and Building Research Institute (HBRI), was present as the chief guest while Mohammad Abu Sadek, Executive...

Ex-Norwegian minister lauds progress of BD’s ship recycling industry

2024-03-05 00:00:00

Former climate and environment minister of Norway Erik Solheim visited the Kabir Steel Ship Recycling facilities in Sonaichhari area of Sitakunda in Chattogram on Sunday, says a press release.During his visit, he praised the remarkable progress of Bangladesh's ship recycling...

Huawei ‘Seeds for the Future BD’ opens for registration

2024-03-05 00:00:00

Huawei 'Seeds For the Future 2024 Bangladesh' is now open for registration with the aim to develop an ICT ecosystem by enhancing ICT knowledge of students in the country, says a press release. Bangladeshi undergraduate students in third year or...

BAT drags Dhaka bourse down to one-month low

FE REPORT | 2024-03-05 00:00:00

A plunge of the second most valued stock, BAT Bangladesh sent the prime index of the Dhaka Stock Exchange to one-month low on Monday.BAT Bangladesh tumbled 7.50 per cent to Tk 479.80 per share on the first trading day after...

Newly-launched Meghnaghat Power to boost Unique Hotel income

BABUL BARMAN | 2024-03-05 00:00:00

Gas-fuelled 584 megawatt Unique Meghnaghat Power has begun commercial operation and successfully connected to the national grid.Unique Hotel & Resorts, which has a 37.24pc stake in the power plant, expects a boost to its profit with income from electricity generation,...

News in Brief-(2024-03-05)

2024-03-05 00:00:00

Thai Supreme Court clearsYingluck in negligence caseBANGKOK, Mar 04: Thailand's Supreme Court cleared self-exiled former Prime Minister Yingluck Shinawatra of negligence on Monday, her lawyer and local media said, in a case dating back to her time in office in...

US, S Korea begin large military drills

2024-03-05 00:00:00

SEOUL, Mar 04(AP): South Korea and the United States began large annual military exercises Monday to bolster their readiness against North Korean nuclear threats after the North raised animosities with an extension of missile tests and belligerent rhetoric earlier this...

Gangs threaten Haiti takeover after mass jailbreak

2024-03-05 00:00:00

PORT-AU-PRINCE, Mar 04 (BBC/AFP): The government of Haiti declared a 72-hour state of emergency on Sunday after armed gangs stormed a major Port-au-Prince prison. At least 12 people were killed and about 3,700 inmates escaped in the jailbreak.Gang leaders say...

More than 6 in 10 US adults doubt Biden's mental health

2024-03-05 00:00:00

WASHINGTON, Mar 04 (AP): A poll finds that a growing share of U.S. adults doubt that 81-year-old President Joe Biden has the memory and acuity for the job, turning his coming State of the Union address into something of a...

Haley beats Trump in Washington primary

2024-03-05 00:00:00

NEW YORK, Mar 04 (BBC): Nikki Haley has defeated Donald Trump in the Republican primary in Washington DC. This is her first victory over the former president in the 2024 campaign to become the Republican presidential candidate.She lost in South...

Four killed, multiple hurt in California shooting

2024-03-05 00:00:00

CALIFORNIA, Mar 04 (Reuters): Four people were killed and multiple others were injured in a shooting at a residence in King City, California, authorities said on Sunday.The incident took place on Sunday evening, following a party at a residential building...

Gaza war toll hits 30,534

2024-03-05 00:00:00

GAZA STRIP, Mar 04 (AFP): The health ministry in Hamas-run Gaza said on Monday that at least 30,534 people have been killed during the war between Israel and Hamas in the Palestinian territory.A ministry statement said there were 124 fatalities...

PM in talks for new alliance

2024-03-05 00:00:00

KATHMANDU, Mac 04 (Reuters): Nepal's Prime Minister Pushpa Kamal Dahal was in talks with two opposition parties to form a new coalition on Monday, citing difficulties with his present ally, the centrist Nepali Congress party, one of his aides said.Dahal,...

Australia's Pat Cummins to captain Hyderabad in IPL

2024-03-05 00:00:00

NEW DELHI, Mar 04 (AFP): Australia's Pat Cummins will captain Indian Premier League team Sunrisers Hyderabad in the upcoming edition of the Twenty20 tournament, the franchise said Monday.The 30-year-old skippered Australia to World Test Championship and World Cup triumphs last...

Mbappe tension overshadows PSG's crunch Champions League date

2024-03-05 00:00:00

PARIS, Mar 04 (AFP): Paris Saint-Germain's preparations for Tuesday's Champions League last-16 second leg away to Real Sociedad have been overshadowed by coach Luis Enrique's handling of star man Kylian Mbappe.PSG have suffered numerous humiliating defeats at this stage of...

'We got that wrong': NZ coach admits first Test mistakes

2024-03-05 00:00:00

WELLINGTON, Mar 04 (AFP): New Zealand head coach Gary Stead said Monday he had misjudged the first Test wicket and regretted leaving out spinner Mitchell Santner after his side's heavy defeat to Australia.New Zealand were thumped by 172 runs at...

BREB Cricket Tournament-2024 held

2024-03-05 00:00:00

Duranta REB East became the champion by beating Iconic REB Team at the Bangladesh Rural Electrification Board (BREB) Cricket Tournament-2024 held at the ground of Bangladesh Krira Shikkha Protishtan (BKSP), Savar, in the city recently, says a press release.A total...