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Corporate feuds drown in backlog as courts struggle

GULAM RABBANI | 2024-02-14 00:00:00

Despite boasting 0.28 million registered companies and firms, the country faces a crippling shortage of dedicated courts to handle corporate disputes such as feuds over annual general meetings, share distributions or minority-shareholder rights.Since there are no dedicated lower courts for...

Islami Bank's Shari`ah Supervisory Committee meeting held

2024-02-14 00:00:00

A meeting of the Shari`ah Supervisory Committee of Islami Bank Bangladesh PLC was held on a virtual Platform on Tuesday. Maolana Obaid Ullah Hamzah, chairman of the committee, presided over the meeting. Mohammed Monirul Moula, Managing Director & CEO of...

Midland Bank and Quantanite Bangladesh sign MoU

2024-02-14 00:00:00

A Memorandum of Understanding (MoU) was signed between Midland Bank and Quantanite Bangladesh Limited at the corporate head office of the bank in Dhaka on Monday. Mohammad Javed Tarek Khan, Head of Institutional Banking Division of Midland Bank, and Ahnaf...

Akij Polymer inaugurates 2-MWp solar project financed by IDCOL

2024-02-14 00:00:00

Akij Polymer Industries Limited inaugurated a 2-MWp Rooftop Solar Project financed by the Infrastructure Development Company Limited (IDCOL) in Manikganj on Monday, says a statement. M R Jamil, Executive Director of Akij Bashir Group, Alamgir Morshed, Executive Director & CEO...

'GPH Maharaj Darbar' held

OUR CORRESPONDENT | 2024-02-14 00:00:00

CHATTOGRAM, Feb 13: GPH Ispat Limited held its annual channel partner conference titled 'GPH Maharaj Darbar' in Dhaka on Sunday and Monday.This signature event honours channel partners based on their year-round performance. Several hundred channel partners and their families participated...

Shahjalal Islami Bank signs agreement with Daraz

2024-02-14 00:00:00

Shahjalal Islami Bank PLC signed an agreement with Daraz Bangladesh Limited at the bank's Corporate Head Office on Tuesday, says a statement. Additional Managing Director & CBO of the bank Abdul Aziz and Chairman of Daraz Syed Mostahidal Hoq signed...

Cut source tax on commission

FE REPORT | 2024-02-14 00:00:00

The country's shipping agents have urged the government to lower the source tax on their commission from existing 8.0 per cent to 5.0 per cent to help flourish the sector further.The Bangladesh Shipping Agents Association (BSAA) has also requested the...

Australia keen to boost trade, defence partnership with BD

FE REPORT | 2024-02-14 00:00:00

Australia is seeking to enhance their relationship with Bangladesh, focusing on economic partnership and supporting regional connectivity and stability, including defense cooperation.Acting High Commissioner of Australia in Dhaka Nadia Simpson expressed the interest on Tuesday while addressing a programme organised...

Nat'l plant quarantine authority to be set up to boost agri exports

FE REPORT | 2024-02-14 00:00:00

The government is set to establish a National Plant Quarantine Authority to ensure the sustainability of the country's agricultural exports in the global market, according to a source. This move aims to fulfil the requirements of the World Trade Organization's...

Indian basmati rice processor KRBL's Q3 profit drops on weak export demand

2024-02-14 00:00:00

BENGALURU, Feb 13 (Reuters): KRBL reported a nearly 35 per cent drop in third-quarter profit on Tuesday, hit by a weak demand for its India Gate basmati rice brand in international markets, leading to a 6.4 per cent decline in...

Britain's tea supply facing disruption from Red Sea crisis

2024-02-14 00:00:00

LONDON, Feb 13 (Reuters): Britons may have to brave a shortage of some lines of tea, one of the nation's favourite drinks, after the supermarket industry warned of a risk to supply from shipping disruptions in the Red Sea.The British...

Copper buoyed by low stocks

2024-02-14 00:00:00

LONDON, Feb 13 (Reuters): Copper prices extended gains on Tuesday, continuing a recovery from last week's 3.7 per cent decline thanks to lower inventories while investors await US inflation data for a steer on hopes for cuts to interest rates.Three-month...

ICSB seminar on 'Leadership and Human Resource Development'

2024-02-14 00:00:00

The Institute of Chartered Secretaries of Bangladesh (ICSB) organised a seminar titled "Leadership and Human Resource Development" at the Dhaka Club in the city on Monday.Renowned economist and former Bangladesh Bank governor Dr Atiur Rahman was present as the chief...

OPEC sticks to oil demand view, sees better economic growth

2024-02-14 00:00:00

LONDON, Feb 13 (Reuters): OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024 and 2025 and raised its economic growth forecasts for both years saying there was further upside potential.The Organisation of...

Gazi Ashraf upbeat about getting free hand in selection

2024-02-14 00:00:00

Gazi Ashraf Hossain, new Bangladesh Cricket Board (BCB) Chief Selector, said on Tuesday that he is confident of getting a free hand as the selection panel head. He also added that if his freedom is curbed, then he might have...

Mahmudullah returns for Sri Lanka T20s, uncapped Aliss Islam called up

2024-02-14 00:00:00

Bangladesh Cricket Board (BCB) on Tuesday recalled batsman Mahmudullah Riyad and Taijul Islam to their Twenty20 international squad for the three-match series against Sri Lanka in March, reports AFP.Former captain Mahmudullah last played a T20 against Zimbabwe in 2021, but...

Gaming tournament held in city

2024-02-14 00:00:00

CGL e-sports, a youth organisation committed to nurturing Bangladesh's growing e-sports community, successfully orchestrated the CGL Masters 2, according to a press release on Tuesday.This marked the country's inaugural Counter-Strike 2 FULL LAN tournament, according to the press release. The...

Jacks, Moeen blow Chattogram away

2024-02-14 00:00:00

The Chattogram phase of the ongoing Bangladesh Premier League (BPL) season began with a resounding victory for defending champions Comilla Victorians at the Zahur Ahmed Chowdhury Stadium in Chattogram on Tuesday, reports UNB.Batting first, the Comilla posted a massive 239...

News in Brief-(2024-02-14)

2024-02-14 00:00:00

Houthi rebels fire two missiles at ship bound for IranDUBAI, Feb 13: Yemen's Houthi rebels fired two missiles at a ship carrying corn bound for a port in Iran on Monday, causing minor damage but no injuries to its crew,...

Armed woman killed in Texas megachurch shootout

2024-02-14 00:00:00

TEXAS, Feb 13 (BBC): A woman clad in a trench coat and accompanied by a child opened fire in a crowded Texas megachurch before she was gunned down by security, officials say.The suspect, named by police as Genesse Ivonne Moreno,...

US Senate passes $95b aid package for Ukraine, Israel, Taiwan

2024-02-14 00:00:00

NEW YORK, Feb 13 (BBC): The US Senate has approved a long-awaited $95bn (£75.2bn) aid package for Ukraine, Israel and Taiwan after months of political wrangling.While Democrats were in favour of passing the bill, Republicans were divided and previously voted...

Russia uses Zircon hypersonic missile in Ukraine

2024-02-14 00:00:00

KYIV, Feb 13 (Reuters): A preliminary analysis concluded that Russia hit Kyiv last week with the hypersonic Zircon missile, its first use in the nearly two-year-old war, the head of a Kyiv research institute said on Monday, presenting a new...

Egypt threatens to void peace deal with Israel

2024-02-14 00:00:00

JERUSALEM, Feb 13 (AP/Reuters): It was a warm handshake between the unlikeliest of statesmen, conducted under the beaming gaze of U.S. President Jimmy Carter. Sunlight streamed through the trees at Camp David, Maryland, as Egyptian President Anwar Sadat and Israeli...

Munshiganj, Bogura road crashes kill four

2024-02-14 00:00:00

Four persons were killed in separate road accidents in Munshiganj and Bogura districts on Tuesday, reports BSS.In Munshiganj, two people were killed and five others injured as a pickup van overturned on Bangabandhu Expressway in Hasara area under Sreenagar upazila...

Fire engulfs 12 shops in Gaibandha

2024-02-14 00:00:00

GAIBANDHA, Feb 13 (UNB): A fire broke out on Monday night in Sadar upazila of Gaibandha district, resulting in the destruction of at least 12 shops, encompassing a range of businesses including a grocery store, pharmacy, clothing outlets, and a...

Gopalpur bridge facing serious risk of collapse

OUR CORRESPONDENT | 2024-02-14 00:00:00

SYLHET, Feb 13: The dilapidated bridge located at Gopalpur village in Madhabpur upazila of Habiganj district is posing a serious risk of collapse, creating panic among local people.Locals said the decades-old bridge has been run down and its pillars have...

Teesta erosion rages on in Rangpur's Gangachara

OUR CORRESPONDENT | 2024-02-14 00:00:00

RANGPUR, Feb 13: Erosion by the Teesta River is continuing to show fury in Gangachara upazila of Rangpur district during the current dry season. During a recent visit, this correspondent found a vast tract of cropland has been devoured by...

Are you aware of your personality traits?

ZANJABIL MASHKURA | 2024-02-14 00:00:00

Our personality is the mirror of our beliefs. The way we express ourselves is the reflection of our personality. Complex combinations of different traits make personalities so unique for each individual. However, troubling personality traits negatively impact our work life,...

Originality defeated by trends, knowledge eclipsed by glamour

KHALID SAIFULLAH KHAN | 2024-02-14 00:00:00

Book Fairs are always a celebrated phenomenon in our culture. Even before Bangladesh's birth in 1971, book fairs had always been celebrated with enthusiasm in the countryside. Since 1972, Ekushey Boimela has been a sensation among the generations; the youths...

Falguni look in Bashonti colour

PUSHPITA KHAN | 2024-02-14 00:00:00

The first day of Spring, also known as 'Pohela Falgun,' is celebrated every year in our country on the 14th (previously 13th) of February according to the Gregorian calendar. During this occasion, a tradition has been set to wear 'Bashonti'...