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CITF starts in Ctg

OUR CORRESPONDENT | 2024-02-16 00:00:00

CHATTOGRAM, Feb 15: The 31st Chattogram International Trade Fair (CITF) 2024 commenced on Thursday at the Railway Polo ground, following the annual tradition. State Minister for Commerce Ahasanul Islam Titu MP served as the inaugurator for the event, while Education...

Passenger woes to reduce as metro rail to increase trips

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

Passenger woes in riding metro rails are likely to reduce to some extent as the metro rail company is set to increase the number of trips between Uttara and Motijheel to 178 from 152, lessening time gaps of eight minutes...

Air Arabia marks 20th anniv, vows to make travel affordable for all

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

Air Arabia, the Middle East and North Africa's largest low-cost carrier operator, has grown its Bangladeshi market over 17 years through a successful business model. This model largely enabled Bangladeshi migrant workers to travel between home and workplace at affordable...

Pro-westerners plotting to 'smear' RNPP project: Envoy

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

Certain pro-western quarters are hatching plots to smear the Rooppur Nuclear Power Plant project, says the Russian envoy in an indication of some developments on the diplomatic front. Ambassador Alexander Vikentyevich Mantetskiy, while rolling out fresh plans of extensive cooperation...

Insurance stymied for trust deficit

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

Trust deficit is the most significant flaw that leaves the insurance penetration in Bangladesh stymied at a peanut 0.5 per cent, belying the sectors economic potential, experts say.Insurance penetration is one of the parameters used to assess the level of...

Movement for democracy to continue

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

BNP Secretary General Mirza Fakhrul Islam Alamgir asserted on Thursday that the people of the country will persist in their peaceful movement for the restoration of democracy and the right to vote until they achieve victory.Speaking to reporters shortly after...

SSC, equivalent exams start

2024-02-16 00:00:00

The Secondary School Certificate (SSC) and equivalent examinations for 2024 started Thursday, with over 2 million students from 29,735 educational institutions expected to participate, reports UNB. The exams started at 10 am across 3,700 centers nationwide.To ensure the integrity of...

Health concern over drum sales

DOULOT AKTER MALA | 2024-02-16 00:00:00

Salesperson Azhar Ali was pouring edible oil in a bottle from a blue large drum on the second floor of the Karwanbazar kitchen market following a consumer's demand.Consumers in need of oil in bulk, especially for hotels and restaurants, prefer...

Briefing 2024-02-16

2024-02-16 00:00:00

Prayer Timings (2024-02-16)

2024-02-16 00:00:00

300 Myanmar nationals repatriated

2024-02-16 00:00:00

Bangladesh has completed the repatriation of 330 Myanmar nationals, many of whom were members of their armed forces and border security, after they fled the war in Rakhine state, reports bdnews24.com.Among the returnees were 302 members of the Border Guard...

Bangladesh remains mired in basic items

MONIRA MUNNI | 2024-02-16 00:00:00

Diversify or die: it's an adage that sounds like an alarm bell ringing loudly and for a long duration, but it still fails to awaken the local apparel industry in the face of the rapidly changing global market.The fact is...

Alarming level of paraben in paste, handwash: Study

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

A new study on Thursday revealed an alarming level of paraben, a chemical additive, in toothpaste, handwash and skin care products in Bangladesh.The higher level of paraben disrupts the body's endocrine system, which is vital for hormone regulation.Paraben is any...

Currency swap gets underway as cure for forex crunch

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

Bangladesh espouses maiden currency-swap mechanism as a cure for forex crunch under which commercial banks and central bank will transact the US dollars as per guidelines unveiled Thursday.The Foreign Exchange Policy Department (FEPD) of Bangladesh Bank (BB) issued Thursday a...

Inflation indomitably increases, defies monetary tightening

JASIM UDDIN HAROON | 2024-02-16 00:00:00

Inflation in Bangladesh defies global downturn and local monetary tightening as the January rate peaked at 9.86 per cent by official count. Bangladesh Bureau of Statistics (BBS) shows the latest situation with the consumer price index having turned up-as prices...

1st quarter GDP growth tumbles to 6.07pc

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

Bangladesh's first-quarterly gross domestic product (GDP) for the fiscal year 2023-24 fellby 2.69 percentage points to 6.07 per cent, according to Bangladesh Bureau of Statistics (BBS) data released on Thursday. This represents a significant drop from the 8.76 per cent...

Ample supply pushes corn, soybeans to lowest level in three yrs

2024-02-16 00:00:00

CANBERRA, Feb 15 (Reuters): Chicago soybean futures fell on Thursday to their lowest level since December 2020 as speculators responded to plentiful supply and a strong US dollar by betting on further price drop.Ample supply also pushed wheat futures lower,...

Gold near 2-month low

2024-02-16 00:00:00

Gold prices languished near a two-month trough on Thursday as traders lowered expectations of sooner and deeper rate cuts by the Federal Reserve this year, while markets await a slew of US economic data for further clarity, reports Reuters.Spot gold...

Global raw sugar prices may rise 20pc this year

2024-02-16 00:00:00

LONDON, Feb 15 (Reuters): Raw sugar prices are expected to post an annual gain of nearly 20 per cent in 2024 as the global market shifts into a deficit in the upcoming season, a Reuters poll of 12 traders and...

Oil demand growth slowing as non-OPEC supply expands: IEA

2024-02-16 00:00:00

LONDON, Feb 15 (Reuters): Global oil demand growth is losing momentum, the International Energy Agency (IEA) said on Thursday as it trimmed its 2024 growth forecast, in sharp contrast to the view held by producer group OPEC.The International Energy Agency,...

News in Brief-(2024-02-16)

2024-02-16 00:00:00

Two Chinese fishermen die after sea chase by Taiwan coastguardBEIJING, Feb 15: Two Chinese fishermen have drowned while being chased by the Taiwanese coastguard off Taiwan's northernmost Kinmen archipelago. Taipei said the fishing boat trespassed into Taiwanese waters on Wednesday....

Putin prefers Biden over Trump

2024-02-16 00:00:00

MOSCOW, Feb 15 (Reuters): Russian President Vladimir Putin said in an interview broadcast on Wednesday that he preferred Joe Biden to Donald Trump but was willing to work with any US president.Putin was asked by interviewer Pavel Zarubin who was...

India's top court bans anonymous political donations

2024-02-16 00:00:00

NEW DELHI, Feb 15 (AP/UNB) - India's top court on Thursday struck down a controversial election funding system that allowed individuals and companies to send unlimited donations to political parties without the need to disclose donor identity, a system critics...

Israeli strikes on Lebanon leave 11 civilians dead

2024-02-16 00:00:00

SANAA, Feb 15 (Reuters): Eleven people, including six children, were killed by Israeli strikes on villages across southern Lebanon on Wednesday, a hospital director and three Lebanese security sources said, as Israel said it responded to a Hezbollah rocket attack...

Prabowo looks set for sweeping win

2024-02-16 00:00:00

JAKARTA, Feb 15 (AFP): Indonesian Defence Minister Prabowo Subianto on Thursday looked set to become the new president of the world's third-largest democracy, likely avoiding a runoff vote against election rivals who have yet to concede.The ex-general declared victory Wednesday...

Pakistan politician gives up seat

2024-02-16 00:00:00

ISLAMABAD, Feb 15 (BBC): A Pakistan politician who won a seat in last week's controversial national elections has given it up because he says the vote was rigged in his favour.Hafiz Naeem ur Rehman of the Jamaat-e-Islami party had been...

Hafeez out as Pakistan nat’l cricket team director

2024-02-16 00:00:00

LAHORE, Pakistan, Feb 15 (AFP): Pakistan cricket authorities said Thursday they would not renew the contract of national team director Mohammad Hafeez, showing him the door after disastrous tours of Australia and New Zealand.The Pakistan Cricket Board (PCB) appointed 43-year-old...

Fantasy Kingdom to hold go-kart contest on February 24

2024-02-16 00:00:00

A go-kart racing contest will be held beside the Fantasy Kingdom at Ashulia in the city on February 24 (Saturday). The competition is being organised by Concord Entertainment Company Limited in association with the New Zealand Dairy Products (BD) Limited’s...

South Africa all out 235, New Zealand need 267 to win 2nd Test

2024-02-16 00:00:00

HAMILTON, New Zealand, Feb 15 (AFP): South Africa's David Bedingham scored a maiden century on Thursday and then said he was "very confident" they could dismiss New Zealand short of the 267 needed to win the second and final Test...

Bangladesh Athletics team leave for Iran

2024-02-16 00:00:00

A seven-member Bangladesh Athletics team left Dhaka for Iran on Thursday morning without any coach to compete in the Asian Indoor Athletics Championship 2024, reports UNB.The 11th version of the Asian Indoor Athletics championship will be held in the Iranian...