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Regulator allows cos more time to maintain status quo

FE REPORT | 2024-02-16 00:00:00

The securities regulator has paved the way of avoiding junk status until the companies make their next dividend declarations. The Bangladesh Securities and Exchange Commission (BSEC) on Thursday issued a directive, saying companies will be transferred to 'Z' category if...

Aramco starts trading US crude

2024-02-16 00:00:00

LONDON, Feb 15 (Reuters): Saudi state oil company Aramco has started trading a US crude oil grade that underpins the global Brent benchmark in a process run by oil-index publisher S&P Global Commodity Insights, the publisher said.Aramco on Monday sold...

Chocolate makers eye price hikes to cover cocoa crunch

2024-02-16 00:00:00

NEW YORK, Feb 15 (Reuters): The makers of Hershey and Cadbury chocolates are planning more price hikes to cover a fresh record-setting surge in cocoa prices, even as inflation-hit consumers curb their purchases and company profits face a hit.Cocoa prices...

EU cuts eurozone inflation, growth forecasts for 2024

2024-02-16 00:00:00

BRUSSELS, Feb 15 (AFP): The European Commission on Thursday cut both its growth and inflation forecasts for the eurozone in 2024, as it warned geopolitical tensions spelled rising uncertainty for the single-currency area's economy.The forecasts by the EU's executive arm...

UK economy falls into recession, adding to Sunak's election challenge

2024-02-16 00:00:00

LONDON, Feb 15 (Reuters): Britain's economy fell into a recession in the second half of 2023, a tough backdrop ahead of this year's expected election for Prime Minister Rishi Sunak who has promised to boost growth.Gross domestic product (GDP) contracted...

KSA’s inflation holds steady at 1.6pc

2024-02-16 00:00:00

RIYADH, Feb 15 (Arab News): Saudi Arabia's inflation remained stable at 1.6 per cent in January, compared to 1.5 per cent in December 2023, official data showed. According to the latest report from the General Authority for Statistics, the monthly...

Germany overtakes Japan as third-biggest economy

2024-02-16 00:00:00

TOKYO, Feb 15 (AFP): Once forecast to become the world's biggest economy, Japan slipped below Germany last year to fourth place, official data showed Thursday, although India is projected to leapfrog both later this decade.Despite growing 1.9 per cent, Japan's...

NRBC BANK ARRANGES 'FALGUN UTSOB'

2024-02-16 00:00:00

NRBC Bank PLC organised 'Falgun Utsob' on Wednesday to welcome the season of spring. The employees of the bank, dressed in traditional outfit, celebrated the Bengali cultural heritage with flowers and decorations at the bank's head office, branches and sub-branches....

SBAC BANK OPENS SUB-BRANCH IN BOGURA

2024-02-16 00:00:00

SBAC Bank PLC opened its Sub-Branch at Sherpur in Bogura on Thursday. Director of the bank Mohammad Mahbubor Rahman inaugurated the Sub-Branch while Managing Director & CEO Habibur Rahman presided over the event. Jane Alam, Mayor of Sherpur Municipality, Sarwar...

CIS-BCCI PRESIDENT CALLS ON RUSSIAN AMBASSADOR

2024-02-16 00:00:00

President of CIS-BCCI (Commonwealth of Independent States-Bangladesh Chamber of Commerce & Industry) Mohammad Ali Deen had a meeting with Russian Ambassador Alexander Vikentyevich Mantytskiy at the embassy office in Dhaka on Wednesday. CIS-BCCI Vice President Jadab Debnath, Director Salma Hossain...

Walmart eager to work more closely with BD: Salman

FE REPORT | 2024-02-16 00:00:00

World-renowned retail chain Walmart has expressed interest in deepening its engagement with Bangladesh, according to Prime Minister's Private Industry and Investment Adviser Salman F Rahman.Mr Rahman said the country's garment and other industries are experiencing a swift turnaround after weathering...

SC upholds status quo on transfer of shares

FE REPORT | 2024-02-16 00:00:00

The Appellate Division of the Supreme Court (SC) on Thursday upheld a High Court (HC) order that issued a status quo on January 29 over the demand for transfer of shares of the Dhaka Elevated Expressway project from the Italian-Thai...

HSBC sets host-to-host integration solution for Hirdaramani Group

2024-02-16 00:00:00

The HSBC Bangladesh and Hirdaramani Group have recently signed an agreement to offer Host-to-Host payment solutions for Hirdaramani Group Bangladesh, one of the largest readymade garment manufacturers in the country, says a ststemnet. This digital service will enable Hirdaramani Group...

New mobile handset registration process to begin July 1

FE REPORT | 2024-02-16 00:00:00

Chairman of the Bangladesh Telecommunication Regulatory Commission (BTRC) Md Mohiuddin Ahmed on Thursday announced that a new registration process will begin on July 1 to stop sale of illegal mobile phones in the market. "Until June 30, any unofficial phones...

Weather (2024-02-16)

2024-02-16 00:00:00

Rain/Thunders showers is likely to occur at one two places over Khulna, Barishal & Dhaka divisions and the regions of Noakhali and Cumilla until 06:00 pm today (Friday), according to the Met Office.The highest temperature in the country on Thursday...

NSU celebrates Bashanta Utshab

2024-02-16 00:00:00

North South University (NSU) celebrates Bashanta Utshab to welcome the first day of spring on its Bashundhara campus in the city on Wednesday. Prof Atiqul Islam, vice chancellor of university, inaugurates the programme

Farhad Hossain speaking at a meeting on 'Progress of Development Projects'

2024-02-16 00:00:00

Public Administration Minister Farhad Hossain speaking at a meeting on 'Progress of Development Projects' at the Local Government Engineering Department (LGED) Headquarters in the city on Wednesday

Amar Ekushey Book Fair-2024

2024-02-16 00:00:00

Visitors flipping through books at the month-long Amar Ekushey Book Fair-2024. The picture was taken from the Suhrawardy Udyan part of the fair on Thursday — FE photo

Biman to resume Dhaka-Rome flights from Mar 26

FE REPORT | 2024-02-16 00:00:00

Biman Bangladesh Airlines commenced ticket sales on Thursday for its flights on the Dhaka-Rome-Dhaka route, marking the national flag carrier's initiative to resume operations on this route after a nine-year hiatus.The inaugural flight to Rome is scheduled to take off...

50 shanties gutted in city's Begunbari slum fire

2024-02-16 00:00:00

At least 50 shanties were gutted as a fire raged through Baganbari slum in Mirpur-14 of the capital in the early hours Thursday, reports UNB.Lima Khanom, duty officer, said the fire broke out in the slum around 12:30 am and...

HC orders probe into jail of innocent instead of convict

2024-02-16 00:00:00

The High Court (HC) has ordered probe into alleged imprisonment of one Mirazul Islam instead of narcotics case convict Nazmul Hasan, reports BSS.A High Court division bench of Justice Md Ataur Rahman Khan passed the order on Thursday as senior...

Edn minister questions moral values for seeking undue favours

2024-02-16 00:00:00

Education Minister Mohibul Hassan Chowdhoury has revealed that numerous parents sent him text messages seeking 'unscrupulous benefits' for their children in the medical college admission test, reports bdnews24.com.The revelation came as over 2.0 million students nationwide began taking their SSC...

Nasrul Hamid strongly criticises Petrobangla inefficiencies

FE REPORT | 2024-02-16 00:00:00

State Minister for Power, Energy and Mineral Resources Nasrul Hamid on Thursday came down heavily on officials of state-owned Petrobangla and its subsidiaries for inefficiencies, warning of punitive action.Petrobangla and its subsidiary companies have a target of drilling 100 gas...

Raushan to hold Japa extended meet on Feb 24

2024-02-16 00:00:00

Ahead of the national council of Jatiya Party (JaPa) scheduled to be held on March 9, party's chairperson Raushan Ershad will hold an extended meeting at the auditorium of the Institution of Diploma Engineers, Bangladesh (IDEB) in the city at...

Eight JMB men sentenced to jail in Bagerhat

2024-02-16 00:00:00

BAGERHAT, Feb 15 (BSS): A court here on Thursday sentenced eight operatives of banned militant outfit Jamaat-ul-Mujahideen Bangladesh (JBM) to different terms of jail in a case filed 2016.Additional Judicial Magistrate Dr Md Atikus Samad handed down the verdict to...

African countries praise Hasina for BD IMO scholarships

2024-02-16 00:00:00

Ambassadors, High Commissioners, and Permanent Representatives of more than 40 African countries, members of the International Maritime Organization (IMO), praised Prime Minister Sheikh Hasina for offering 10 marine cadetship scholarships from Bangladesh for African LDCs and SIDS at the IMO,...

Ruling AL never thinks of banning BNP: Quader

2024-02-16 00:00:00

Awami League (AL) General Secretary (AL) and Road Transport and Bridges Minister Obaidul Quader on Thursday said many have identified BNP as a terrorist party but the ruling AL never thinks of banning BNP, reports BSS.He made the remark at...

Water tariff hike will be a new crisis in public life: BNP

FE REPORT | 2024-02-16 00:00:00

The Bangladesh Nationalist Party (BNP) alleged on Thursday that the government is trying to increase water tariff that will put a negative impact on the city dwellers' life.Senior Joint Secretary General of the party Ruhul Kabir Rizvi made the remark...

Prime Minister Sheikh Hasina departing from Hazrat Shahjalal International Airport

2024-02-16 00:00:00

Prime Minister Sheikh Hasina departing from Hazrat Shahjalal International Airport in the capital for Germany on Thursday morning on a three-day official visit to attend the Munich Security Conference. Members of the Cabinet, members of parliament and the chiefs of...

Imran nominates grandson of Ayub Khan as PM candidate

2024-02-16 00:00:00

ISLAMABAD, Feb 15 (Reuters): A key aide of former Pakistan prime minister Imran Khan said on Thursday that the jailed leader had nominated Omar Ayub Khan as a candidate in a parliamentary vote to elect a new premier following last...