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Cabinet approves procurement of fertiliser, oil, lentil, wheat

FE REPORT | 2024-03-01 00:00:00

The cabinet committee on government purchase (CCGP) on Thursday gave the green light to procure fertiliser, edible oil, lentil, wheat and drugs, among others.Finance minister Abul Hasan Mahmood Ali chaired the meeting in the conference room of the cabinet division...

National Insurance Day today

FE REPORT | 2024-03-01 00:00:00

The nation will observe the 5th National Insurance Day across the country today (Friday) under the theme 'Korbo Bima Gorbo Desh, Smart Hobe Bangladesh'.Prime Minister Sheikh Hasina is scheduled to inaugurate the day's programme at the Bangabandhu International Conference Centre...

SMART nears 10pc for current month

JUBAIR HASAN | 2024-03-01 00:00:00

Bank lending rate surges past 13 per cent with push from rising interest benchmark called SMART or six-month moving average rate of treasuries that jumped to 9.61 per cent for March 2024.Finding the massive leap in the SMART rate from...

Power prices too go up, given retrospective effect from Feb 01

FE REPORT | 2024-03-01 00:00:00

In a change of stance, the government Thursday announced the hike in power rates for all categories of consumers with retrospective effect from February 01, 2024. State Minister for power, energy and mineral resources Nasrul Hamid briefing the newsmen at...

Deadlock over contentious issues prolongs WTO talks

ASJADUL KIBRIA, FROM ABU DHABI | 2024-03-01 00:00:00

A decade ago, the ministerial conference of the World Trade Organization (WTO) rolled over to whole night on the last day with India virtually stalling negotiations over 'peace clause' in deal for food security, and it repeats.As such back then,...

Weather (2024-03-01)

2024-03-01 00:00:00

Weather may remain dry with temporary partly cloudy sky over the country until 06:00 pm today (Friday), according to the Met Office.The highest temperature in the country on Thursday day was recorded at 33 degrees Celsius in Cox's Bazar while...

Bangladesh Coast Guard Family Welfare Association

2024-03-01 00:00:00

Bangladesh Coast Guard Family Welfare Association President Sharmin Ershad distributing rickshaw vans and sewing machines among poor people to help them attain self-sufficiency at BCG Base in Bhola on Thursday

Vehicles seized by the police for various complications

2024-03-01 00:00:00

Vehicles seized by the police for various complications kept in front of Vatara Police Station in the capital for a long time occupying the entire road. For exposure to dust and rain, some of the cars are set to get...

DU holds seminar on language practice

DU CORRESPONDENT | 2024-03-01 00:00:00

A day-long seminar titled "Contemporary Language Practice in Bangladesh" was held at Dhaka University (DU) RC Majumdar Arts Auditorium on Thursday.The Department of Linguistics of DU organised the seminar. DU Vice-Chancellor Professor Dr ASM Maksud Kamal inaugurated the seminar as...

Police find evidence of sexual harassment against Viqarunnisa teacher

FE REPORT | 2024-03-01 00:00:00

Police have found evidence of sexual harassment of students against Murad Hossain Sarker, a senior teacher of Viqarunnisa Noon School and College's Azimpur branch. "Murad Hossain used to sexually harass the victim student at his coaching centre. Evidence of harassment...

Metro rail leads to a sharp decline in bus ridership

2024-03-01 00:00:00

Dhaka's Metro rail service, connecting Uttara to Motijheel, has significantly impacted the traditional public transport system on the Mirpur-Agargaon-Farmgate-Paltan route. The introduction of this modern transit option has led to a sharp decline in bus ridership, with operators reporting a...

Putin warns West of N war risk

2024-03-01 00:00:00

MOSCOW, Feb 29 (AFP): President Vladimir Putin warned on Thursday of a "real" risk of nuclear war if the West escalates the conflict in Ukraine.In a defiant speech in Moscow, the Russian leader said his soldiers were advancing in Ukraine...

24 perish off Senegal

2024-03-01 00:00:00

SAINT-LOUIS, Feb 29 (AFP): At least 24 people seeking to reach Europe drowned off northern Senegal when their loaded vessel sank, the governor of the Saint Louis region told AFP on Thursday.Governor Alioune Badara Samb said 24 bodies had been...

Reliance, Disney announce giant India media merger

2024-03-01 00:00:00

MUMBAI, Feb 29 (AFP): India's Reliance Industries and Walt Disney have agreed to merge their Indian media businesses, creating a $8.5 billion entertainment giant in the world's most populous nation.India's entertainment market is already one of the world's biggest, with...

Shell's US solar unit launches asset sale

2024-03-01 00:00:00

NEW YORK, Feb 29 (Reuters): Shell's US solar business Savion has put around a quarter of its assets up for sale, according to a marketing document and industry sources, as the oil major extends a retreat from owning renewables projects...

SBAC Bank greets BB deputy governors

2024-03-01 00:00:00

Habibur Rahman, Managing Director & CEO of SBAC Bank PLC, greeted Md Khurshid Alam and Dr Md Habibur Rahman on their being appointed as deputy governors of Bangladesh Bank (BB) with bouquets at their office on Thursday.

SCB delegation meets Industries Minister

2024-03-01 00:00:00

A delegation of Shippers' Council of Bangladesh (SCB) led by its Chairman Md Rezaul Karim paid a courtesy call on Industries Minister Nurul Majid Mahmud Humayun at his office in the city on Thursday. SCB Senior Vice Chairman Md Ariful...

US to investigate national security data risks from Chinese vehicles

2024-03-01 00:00:00

WASHINGTON, Feb 29 (Reuters): The White House said on Thursday the United States is opening an investigation into whether Chinese vehicle imports pose national security risks and could impose restrictions due to concerns about "connected" car technology. The US Commerce...

'Leap year glitch' shuts some New Zealand fuel pumps

2024-03-01 00:00:00

WELLINGTON, Feb 29 (Reuters): A number of New Zealand petrol pumps stopped working on Thursday due to a "leap year glitch" in payment software, fuel stations and the payment service provider said.Allied Fuel, Gull, Z Energy and BP all confirmed...

Walton launches Digital Campaign Season-20

FE REPORT | 2024-03-01 00:00:00

With the slogan of 'Best product, Best offer', electronics giant Walton has launched 'Digital Campaign Season-20' with the offer of 'Nonstop Millionaire' benefit.Customers will enjoy the benefits of Season-20 during the period from March 1 to Eid-ul-Azha this year.The launching...

Produce medical equipment, devices locally: Health minister

FE REPORT | 2024-03-01 00:00:00

Health minister Samanta Lal Sen has urged the pharmaceutical companies to take an initiative to manufacture medical equipment and devices locally in order to reduce the financial burden on patients and save foreign exchanges. The minister made the call while...

Dr Salim Uddin re-appointed as BHBFC chairman

2024-03-01 00:00:00

Dr Md Salim Uddin has been re-appointed as the chairman of the Board of Directors of Bangladesh House Building Finance Corporation (BHBFC), says press release. The Financial Insti-tutions Department (FID) issued a circular regarding the re-appointment on Wednesday. Dr Salim,...

ISLAMI BANK HOLDS AGENT BANKING CONFERENCE-

2024-03-01 00:00:00

Mymensingh Zone of Islami Bank Bangladesh PLC organised an 'Agent Banking Business Development Conference' and workshop on 'Prevention of Money Laundering & Terrorist Financing' at a resort in Jamalpur on a virtual platform recently. Mohammed Monirul Moula, Managing Director and...

Bangladesh-India has immense scope to grow together in apparel sector: BGMEA

2024-03-01 00:00:00

Faruque Hassan, president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), emphasized the immense potential for collaboration between Bangladesh and India as trading partners, particularly in the textile and apparel sectors to grow together, reports BSS. Speaking at the...

Berger awards aspiring young architects

2024-03-01 00:00:00

Berger Paints Bangladesh Limited organised the Berger Award Programme in collaboration with the Department of Architecture, Bangladesh University of Engineering and Technology (BUET), on Wednesday. In the awards ceremony held on the BUET Campus, a total of 36 students from...

Tourism entrepreneurs seek tax, VAT exemption

2024-03-01 00:00:00

The tourism industry entrepreneurs have sought a reduction of the existing 10 percent advance tax on tour operators and the VAT imposed on residential hotels for the development and expansion of the sector, reports bdnews24.com.The traders drew the government's attention...

Asian markets rise ahead of US inflation data

2024-03-01 00:00:00

HONG KONG, Feb 29 (AFP): Asian shares mostly rose on Thursday ahead of the release of crucial inflation data later in the day that will help chart the Fed's rate cut timeline.Investors are awaiting the release of the US Personal...

India regulator moves to curb inflows into small- and mid-cap funds: sources

2024-03-01 00:00:00

India's market regulator has asked money managers to consider restricting one-off investments from clients in small- and mid-cap stock mutual funds and cut commissions offered for their sale, two sources with direct knowledge of the matter said, reports Reuters.The Securities...

US SEC to vote on long-awaited climate disclosure rule, notice says

2024-03-01 00:00:00

Wall Street's top regulator will vote on March 6 on whether to adopt rules requiring US-listed companies to report climate-related risks, the agency said in a notice on Wednesday, in a potentially major overhaul of US disclosure rules, reports Reuters.The...

259th board meeting of audit committee of Shahjalal Islami Bank held

2024-03-01 00:00:00

The 259th meeting of the board audit committee of Shahjalal Islami Bank was held at its corporate head office in the capital recently. The meeting was presided over by KAM Majedur Rahman, chairman of board audit committee of the bank....