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S Alam Group teams up with ERL to build larger oil refinery plant

FE DESK | 2024-02-25 00:00:00

S Alam Group, a leading industrial conglomerate, is going to partner with the state-owned Eastern Refinery (ERL) to build a long-awaited second unit of a petroleum oil refinery project. Following S Alam Group's proposal last October, the government has approved...

Khulna Printing plunges 40pc in 2 weeks since regulator's probe order

FE REPORT | 2024-02-25 00:00:00

Khulna Printing & Packaging Limited has lost 40 per cent of its market value in about two weeks since the stock market watchdog asked the Dhaka bourse to find out reasons behind the unusual movement of the stock.The loss-making company...

Corporate bonds' yield reaches 12pc to lure investors from govt securities

MOHAMMAD MUFAZZAL | 2024-02-25 00:00:00

Corporate bond rates have been increased up to 12 per cent to stay competitive with risk-free government securities, a manifestation of the financial distress that companies are in while trying to raise much-needed funds. In the prevailing high interest rate...

LNG spot prices hit near three-year lows as weak demand weighs

2024-02-25 00:00:00

SINGAPORE, Feb 23 (Reuters): Asian spot liquefied natural gas (LNG) fell to a fresh low this week, easing to its lowest levels in nearly three years, as weak demand in Asia and Europe weighed on prices.The average LNG price for...

IBF, ICMAB SIGN CORPORATE AGREEMENT

2024-02-25 00:00:00

Islami Bank Foundation (IBF) and The Institute of Cost and Management Accounting of Bangladesh (ICMAB) signed a corporate agreement under which fellow members of ICMAB and their family members and registered students will avail medical services at special discounted rates...

UAE dropped from financial crime watch list

2024-02-25 00:00:00

DUBAI/PARIS, Feb 24 (Reuters): The United Arab Emirates, home to the financial hub of Dubai, has been dropped from a global watchdog's list of countries at risk of illicit money flows, a win for the nation that could bolster its...

Refiners seek waiver of VDS on burnt oil purchase

FE REPORT | 2024-02-25 00:00:00

Local refiners of unusable lubricants have sought waiver of VAT deduction at source (VDS) on purchase of burnt oil (raw material) to help survival of the re-fining lubricant units, sources said.Bangladesh Re-finery Lubricants Owners' Association (BRLOA) has requested the National...

Ctg Elevated Expressway to open partially to traffic next month

NAZIMUDDIN SHYAMOL | 2024-02-25 00:00:00

CHATTOGRAM, Feb 24: The Mohiuddin Chowdhury Elevated Expressway in Chattogram will be opened partially for traffic next month (March). The elevated expressway, which is the longest in the country, it will be opened before Eid-ul-Azha, said project insiders. Prime Minister...

Soreness rules Warner out of final T20 clash with NZ

2024-02-25 00:00:00

David Warner has withdrawn from the third and final match of Australia's Twenty20 series against New Zealand in Auckland today (Sunday) with adductor soreness, Cricket Australia (CA) announced on Saturday, reports Reuters.The 37-year-old, who is retiring from all forms of...

Pakistan set to host NZ as preparation for T20 WC

2024-02-25 00:00:00

KARACHI, Feb 24 (PTI): The Pakistan Cricket Board (PCB) is set to host a five-match T20 international series against New Zealand in April this year.A PCB official confirmed that talks were underway with New Zealand Cricket (NZC) to finalise the...

Garcia's hat-trick guides Police to beat Brothers 4-1

2024-02-25 00:00:00

The first phase of the 10-team ABG Bashundhara Bangladesh Premier League (BPL) Football concluded today (Saturday) at two separate venues across the country, reports UNB.At the Muktijoddha Smriti Stadium in Rajshahi, a brilliant hat-trick by Colombian forward Garcia enabled Bangladesh...

Real Madrid '99pc' certain to land Mbappe, says Liga boss

2024-02-25 00:00:00

PARIS, Feb 24 (AFP): Spain's La Liga chief Javier Tebas believes it is almost certain that superstar striker Kylian Mbappe will be playing for Real Madrid next season, he told French daily L'Equipe in an interview published on Friday.The 25-year-old...

India, Pakistan T20 World Cup match tickets over-subscribed by 200 times

2024-02-25 00:00:00

FORT LAUDERDALE, United States, Feb 24 (AFP): Organisers of June's T20 Cricket World Cup games in the United States say that early ticket sales have shown there is a huge demand for the sport among cricket lovers in the country.The...

Thompson downs Zverev to reach Los Cabos final against Ruud

2024-02-25 00:00:00

LOS CABOS, Mexico, Feb 24 (AFP): Jordan Thompson overcame determined resistance by top-seeded Alexander Zverev to reach the final of the ATP hardcourt tournament in Los Cabos, Mexico where he will face Casper Ruud.Thompson, the Australian eighth seed, needed eight...

India's tail holds up England after spinners dominate

2024-02-25 00:00:00

RANCHI, India, Feb 24 (AFP): Spinner Shoaib Bashir took four wickets to lead England's bowling charge and put India on the back foot at 219-7 on day two of the fourth Test on Saturday.The rookie off-spinner rattled the Indian reply...

Spain reach first Olympics with Women's Nations League win

2024-02-25 00:00:00

SEVILLE, Spain, Feb 24 (AP): Jenni Hermoso and Aitana Bonmatí helped Spain beat Netherlands 3-0 in the Women's Nations League semifinals on Friday, a victory that secured the world champions a spot in the Paris Olympics.Hermoso opened the scoring with...

Ivory Coast cashew processors urge govt to renew support

2024-02-25 00:00:00

ABIDJAN, Feb 24 (Reuters): Cashew nut processors in Ivory Coast have asked the government to renew a subsidy agreement, warning of bankruptcy if support for the struggling sector is not forthcoming, according to a letter seen by Reuters.Ivory Coast, the...

Boeing, Airbus struggle to deliver planes as supply chain woes persist

2024-02-25 00:00:00

Boeing and Airbus struck deals to sell billions of dollars' worth of planes at this week's airshow in Singapore, but supply chain disruptions mean they may struggle to deliver them on time, analysts said.Plane makers are already behind in their...

Angry French farmers storm into agriculture fair in Paris

2024-02-25 00:00:00

PARIS, Feb 24 (Reuters): A group of French farmers stormed into a major Paris farm fair on Saturday ahead of a planned visit by President Emmanuel Macron amid anger over costs, red tape and green regulations.Facing dozens of police officers...

Narsingdi, Kurigram, Habiganj road accidents kill five

2024-02-25 00:00:00

A total of five persons were killed in separate road accidents in Narsingdi, Kurigram and Habiganj districts on Saturday and Friday night, report agency. In Narsingdi, two people were killed and eight were injured in a collision between a bus...

Cauliflower production booms in Lalmonirhat

OUR CORRESPONDENT | 2024-02-25 00:00:00

LALMONIRHAT, Feb 24: The farmers of Lalmonirhat have achieved bumper production of winter vegetables this season due to favourable weather.Farmers have earned a handsome amount of money through producing and selling cauliflowers this season.The farmers who cultivated early varieties of...

Hajiganj Boro Masjid bears archaeological beauties

OUR CORRESPONDENT | 2024-02-25 00:00:00

CHANDPUR, Feb 24: The ancient and historical 'Hajiganj Boro Masjid' in the district has become a famous place of worship for Muslims for about 250 years.It is one of the biggest mosques in greater Cumilla, carrying archaeological beauties.The mosque has...

Two IU lifts remain inoperative for long

A CORRESPONDENT | 2024-02-25 00:00:00

ISLAMIC UNIVERSITY, Kushtia, Feb 24: Two lifts installed in the business faculty building of Islamic University (IU) in the district have remained useless for nearly nine months - thanks to the IU administration for not taking steps to restart them.The...

What's new in GMAT Focus Edition 2024

ROUNAK MARIUM | 2024-02-25 00:00:00

The landscape of standardised testing is ever-evolving, and the Graduate Management Admission Test (GMAT) is no exception. In its latest iteration, the GMAT Focus Edition 2024 brings about sweeping changes aimed at better aligning the exam with the demands of...

BD students win award in int'l robotics contest in Nepal

KHALID SAIFULLAH KHAN | 2024-02-25 00:00:00

Recently, Team Atlas has proudly represented Bangladesh at the "YANTRA 9.0 International Robotics Competition" in Nepal, achieving the Best Robot Design & Strategy Award at the prestigious President's Cup Yantra Teens. Building a total of five robots for the competition...

News in Brief-(2024-02-25)

2024-02-25 00:00:00

Astronomers spot new tiny moons around Neptune and UranusWASHINGTON, Feb 24: Astronomers have found three previously unknown moons in our solar system - two additional moons circling Neptune and one around Uranus. The distant tiny moons were spotted using powerful...

Trump told to pay $454m in fraud case

2024-02-25 00:00:00

NEW YORK, Feb 24 (Reuters): Donald Trump was formally ordered by a New York judge to pay $454.2 million after being found liable for manipulating his net worth, in a civil fraud case brought by New York state's attorney general.The...

Fossil reveals 240m year-old 'dragon'

2024-02-25 00:00:00

LONDON, Feb 24 (BBC): Scientists have revealed a new, remarkably complete fossil - a 16ft (5m)-long aquatic reptile from the Triassic period. The creature dates back 240 million years and has been dubbed a "dragon" because of its extremely long...

Angry French farmers back on Paris streets for new protest

2024-02-25 00:00:00

PARIS, Feb 24 (AP): Angry farmers were back in Paris on their tractors in a new protest Friday demanding more government support and simpler regulations, on the eve of a major agricultural fair in the French capital.Dozens of tractors drove...

Ukraine downs second Russian spy plane in weeks

2024-02-25 00:00:00

KYIV, Feb 24 (BBC/AFP): Ukraine says it has downed a Russian A-50 military spy plane - the second such claim in just over a month. The plane was hit between the Russian cities of Rostov-on-Don and Krasnodar, Ukrainian military sources...