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Palli Sanchay Bank seeks 10-yr tax, VAT exemption

FE REPORT | 2025-10-06 00:00:00

State-owned Palli Sanchay Bank (PSB) has sought a 10-year exemption from income tax and Value Added Tax (VAT) to facilitate investments aimed at socio-economic development of poor rural people.The bank's Managing Director (MD) Salma Banu recently requested the government to...

Eunusur Rahman new chairman of Jamuna Oil

2025-10-06 00:00:00

Md Eunusur Rahman, former senior secretary to the Financial Institutions Division, has been appointed as new the chairman of the Board of Directors of Jamuna Oil Company Limited, says a press statement. The board of directors endorsed his appointment as...

Guardian partners with CliniCall to protect interests of remitters

2025-10-06 00:00:00

Guardian Life Insurance Limited, one of the country's leading insurance service providers, has officially signed an agreement with health-tech company CliniCall Limited, which introduces an innovative insurance and healthcare package exclusively designed for Bangladeshi remittance workers and their families.The signing...

Summit challenges LNG deal cancellation in HC

FE REPORT | 2025-10-06 00:00:00

Summit Oil and Shipping Company Limited (SOSCL), a subsidiary of Summit Group, has filed a writ petition with the High Court (HC) challenging the government's cancellation of its long-term liquefied natural gas (LNG) supply contract.The petition seeks a rule asking...

IFIC Bank promotes its officials

2025-10-06 00:00:00

A total of 136 officers of IFIC Bank PLC were promoted to various positions in October in recognition of professional competence, dedication, and relentless efforts in advancing the institution.With this, as part of the ongoing process of professional excellence, the...

First bilateral chamber with ME countries to be launched tomorrow

FE REPORT | 2025-10-06 00:00:00

The Saudi Arabia-Bangladesh Chamber of Commerce and Industry (SABCCI) will officially be launched tomorrow (Tuesday). It will be the first bilateral chamber with a Middle Eastern nation.Already, the newly formed chamber has organised a three-day Saudi Arabia-Bangladesh Business Summit that...

OPEC+ meets with future oil production hanging in the balance

2025-10-06 00:00:00

LONDON, Oct 05 (AFP): Saudi Arabia, Russia and six other key members of the OPEC+ alliance are likely to agree to raise crude output when they meet virtually on Sunday, with analysts divided over the size of the expected hike.The...

US soybean farmers brace for losses as Trump plans new aid amid China boycott

2025-10-06 00:00:00

WASHINGTON, Oct 05 (AP): US President Donald Trump is preparing a major aid package to help American soybean farmers struggling under China's ongoing boycott of US beans, even as he continues efforts to secure a trade deal with Beijing.US soybean...

Bitcoin hits record high above $125,000

2025-10-06 00:00:00

TOKYO, Oct 05 (AFP): Bitcoin reached a new record high on Sunday, rising above the $125,000 mark.The cryptocurrency reached $125,689, shooting above its previous August record of around $124,500.Bitcoin has enjoyed a strong upward momentum with investors cautious about the...

bKash, Bishwo Shahitto Kendro expand book reading for school students

2025-10-06 00:00:00

In a continuous effort to cultivate reading habits among the students, Bishwo Shahitto Kendro, in association with bKash, has expanded its nationwide book reading programme to Natore and Pabna districts, says a press release. This year, the programme will distribute...

Footsteps BD, Berger Paints launch canal cleanup in Hazaribagh

2025-10-06 00:00:00

Footsteps Bangladesh, in collaboration with Berger Paints Bangladesh Limited, has completed the canal cleanup campaign at Hazaribagh Bottola Mazar Canal in Dhaka under the #CholoKhaalBachai initiative, says a press release. With support from the Ministry of Forest, Environment & Climate...

Janata Bank's training on foreign exchange, trade finance begins

2025-10-06 00:00:00

A 15-day training course titled "Foreign Exchange and International Trade Finance (Batch 02/25)" organised by the Staff College of Janata Bank PLC started in the city on Sunday. Janata Bank Managing Director Md Mozibur Rahman inaugurated the training course as...

BIIF-NCC Bank jointly launch Islamic Banking Training

2025-10-06 00:00:00

A six-day training programme titled 'Professional Certificate in Islamic Banking (PCIB)', jointly organised by the Bangladesh Institute of Islamic Finance (BIIF) and National Credit and Commerce Bank PLC, was inaugurated, at the BIIF Training Hall in Dhaka on Sunday. M....

MODHUMOTI BANK SIGNS AGREEMENT WITH BANGLADESH BANK -

2025-10-06 00:00:00

Modhumoti Bank PLC and Bangladesh Bank signed a bilateral agreement recently to access a refinancing facility under the Tk 7.5 billion 'Financial Inclusion Credit Guarantee Scheme'. The scheme aims to provide low-interest, collateral-free loans to eligible marginal or landless farmers,...

UK’s commitment to support BD’s long-term economic reform agenda

2025-10-06 00:00:00

British Trade Envoy to Bangladesh Baroness Winterton of Doncaster DBE has arrived in Dhaka on a five-day official visit aimed at deepening the longstanding trade and investment relationship between the UK and Bangladesh, reports UNBThe Trade Envoy's mission will reinforce...

BRAC BANK HOSTS 'ENTREPRENEURSHIP DEVELOPMENT PROGRAMME'

2025-10-06 00:00:00

BRAC Bank, with support from the Finance Division of the Ministry of Finance and Bangladesh Bank, has completed a month-long intensive training programme for entrepreneurs in the cottage, micro, small and medium enterprises (CMSMEs) sector. The Finance Division has initiated...

Prime Bank to offer discount on travel package for women customers

2025-10-06 00:00:00

Prime Bank PLC has recently signed a strategic agreement with Go Girls, enabling the bank's women customers to enjoy exclusive discounts on travel packages. As part of this partnership, Prime Bank Neera customers will be entitled to up to 6%...

Wall St eyes Washington standoff with stocks near records

2025-10-06 00:00:00

NEW YORK, Oct 5 (Reuters): The US government shutdown tops investors' agenda next week as markets head into the seasonally strong fourth quarter, with equities near record highs bracing for an earnings-season test later this month.A deep partisan rift in...

MJL to invest Tk 2.14b in commercial property

FE REPORT | 2025-10-06 00:00:00

MJL Bangladesh PLC, a listed company, in partnership with EC Holdings, is set to invest over Tk 2.14 billion in a commercial property project located on Gulshan Avenue in Dhaka.The board of directors of MJL Bangladesh, at a meeting held...

Ibn Sina posts 5.5pc profit drop, offers record dividend

FE REPORT | 2025-10-06 00:00:00

The Ibn Sina Pharmaceutical Industry has declared a record-high 64 per cent cash dividend for the financial year 2025, even as it saw a 5.5 per cent drop in annual profit.According to a stock exchange filing on Sunday, the listed...

Kane says he'll be 'fine' for England duty despite injury scare with Bayern

2025-10-06 00:00:00

FRANKFURT, Germany, Oct 05 (AP): Harry Kane reassured England fans he'll be with the team on Monday for upcoming games against Wales and Latvia after an injury scare with Bayern Munich.The England captain limped off the field on Saturday after...

Ireland set to tour Bangladesh in November

2025-10-06 00:00:00

The Bangladesh Cricket Board, on Saturday, announced that Ireland will arrive on November 6 to play a full-fledged series comprising two Tests and three T20 Internationals, reports Cricbuzz.The tour will begin with a two-match Test series, with the first Test...

Djokovic fights off physical issues to defeat Hanfmann

2025-10-06 00:00:00

SHANGHAI, Oct 05 (AFP): Novak Djokovic said he had been "hanging by a rope" before battling through to the Shanghai Masters last 16 with a 4-6, 7-5, 6-3 win over qualifier Yannick Hanfmann on Sunday.The 38-year-old Serb is looking to...

Aminul denies government interference in BCB elections

2025-10-06 00:00:00

Bangladesh Cricket Board (BCB) president Aminul Islam said he did not feel there was any government interference in the upcoming BCB elections, scheduled for today (Monday). Aminul, who replaced Faruque Ahmed, completed his tenure on Sunday (October 5). He maintained...

Lightning strikes kill five in Cumilla, Jhenaidah

2025-10-06 00:00:00

A total of five persons were killed by lightning strikes in Cumilla and Jhenaidah district on Sunday, report agencies.In Cumilla, three people have died in a lightning strike at Homna upazila in Cumilla district.The incident took place in Bhabanipur village...

Dr Atiar elected BPPF president, Dr Khaled general secretary

2025-10-06 00:00:00

A new executive committee of the Bangladesh Paediatric Pulmonary Forum (BPPF) has been formed with Prof Dr Md Atiar Rahman of the Bangladesh Medical University and Dr SM Khaled of the National Institute of Diseases of the Chest and Hospital...

12,000 kids attend classes risking life

OUR CORRESPONDENT | 2025-10-06 00:00:00

CHANDPUR, Oct 05: About 12,000 students of government primary schools in Chandpur's Kachua Upazila have been taking classes in dilapidated school buildings where plasters fall off walls and roofs all of a sudden and students' clothes get wet due to...

North Korea deploys 'spl assets' against Seoul

2025-10-06 00:00:00

SEOUL, Oct 05 (AFP): Kim Jong Un said North Korea deployed "special assets" in response to what he called Washington's arms build-up in the South, state media reported Sunday.The United States stations about 28,500 troops in the South to fend...

French deputies detained in Israel declare hunger strike

2025-10-06 00:00:00

PARIS, Oct 05 (AFP/BBC): Four hard-left French deputies who were detained by Israel after boarding a Gaza-bound flotilla have declared a hunger strike, their party said."We have no news from them" apart from "brief exchanges with their lawyers and with...

Landslides, floods leave 42 dead in Nepal

2025-10-06 00:00:00

KATHMANDU, Oct 05 (AFP/Reuters): Landslides and floods triggered by heavy downpours in Nepal have killed at least 42 people, a disaster official said Sunday."So far, 42 people have died in rain-triggered disasters and five are missing," Shanti Mahat, spokeswoman for...