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Exodus of intellectual capital

2024-02-06 00:00:00

Brain drain or talent trafficking is the migration or departure of a large number of technically skilled or educated individuals. Every year, a significant portion of our country's students pursue higher education in America, England, or other developed countries. Many...

Have we lost Tangail saree?

Syed Fattahul Alim | 2024-02-06 00:00:00

Who owns Tangail saree? As the name of the saree indicates, it should naturally belong to Tangail, a district of Bangladesh, where it is produced. But no, in the market-driven and defined world of today, the right to ownership of...

Ekushey: Clash of old and new middle classes

Afsan Chowdhury | 2024-02-06 00:00:00

Nothing captures the Bengali spirit of the "historical" variety like the Ekushey going by the dominant narrative of the shushil class/community. It's when "we discovered who we were and progressed through history" as the narrative goes. It is supposed to...

Potato import in peak harvesting period

2024-02-06 00:00:00

Import of potato in the peak harvesting season! This has never happened in living memory. More than 60 importers have received government permission to import a total of 94,000 tonnes of potato evidently from India. Already the first consignments have...

Decoding current inflationary crisis in Bangladesh

Mustafa K Mujeri | 2024-02-06 00:00:00

In countries like Bangladesh, two critical ingredients are important in the design of monetary policy: first, a reasonable approximation of the overall economy covering real, financial, external and other sectors characterising technology, market structure and behaviour of different actors (e.g....

Asia crude oil imports start 2024 strongly

2024-02-05 12:00:00

LAUNCESTON, Australia, Feb 4 (Reuters): Asia's imports of crude oil saw robust growth in the new year, reaching an eight-month high in January as top buyers China and India snapped up cargoes.The world's top-importing region saw arrivals of 28.57 million...

RAB conducts drives against hoarding

FE REPORT | 2024-02-05 12:00:00

The Rapid Action Battalion (RAB) conducted a drives on Sunday to help prevent illegal toll collection and hoarding of essential commodities in a bid to contain price spiral during the upcoming holy month of Ramadan.RAB Director (media and legal wing)...

PSG tightlipped over Mbappe switch to Real

2024-02-05 12:00:00

PARIS, Feb 04 (Agencies): With just six months remaining on his contract at Paris Saint-Germain Kylian Mbappe's much vaunted move to Real Madrid continues to dominate French football news.The transfer window closed last week with Mbappe insisting he is yet...

Is hundi a bad thing?

M A Taslim | 2024-02-05 12:00:00

Ever since the people of the country started migrating to other countries in search of employment and better livelihood, they remitted money to their families at home. These remittances soon became an important prop to our balance of payments (BoP)...

Meta surges with record $196b gain in stock market value

2024-02-05 00:00:00

Meta Platforms added $196 billion in stock market value on Friday, marking the biggest one-day gain by any company in Wall Street history after the Facebook parent declared its first dividend and posted robust results, reports Reuters.Meta's, opens new tab...

Chinese turn US embassy post into 'Wailing Wall' for stock plunge

2024-02-05 00:00:00

BEIJING, Feb 4 (Reuters): Many Chinese are venting their frustration at the slowing economy and the weak stock market in an unconventional place: the social media account of the US Embassy in Beijing.A post on Friday on protecting wild giraffes...

AD Ports Group, Karachi Port sign deal

2024-02-05 00:00:00

RIYADH, Feb 04 (Arab News): Pakistan's maritime industry is set for expansion with AD Ports Group signing a deal to boost bulk and general cargo operations at Karachi Port Trust's East Wharf. The 25-year concession agreement with Pakistan's federal government...

S’pore arbitrator lets Zee go to India tribunal to enforce Sony merger deal

2024-02-05 00:00:00

NEW DELHI, Feb 04 (Reuters): A Singapore arbitrator agreed to let Zee Entertainment ask an Indian tribunal to enforce a $10 billion merger with Sony's India unit that was scrapped by the Japanese firm, Zee said on Sunday.The emergency arbitrator...

Italy to invest in Enel plant to boost solar panel production

2024-02-05 00:00:00

ROME, Feb 04 (Reuters): Italy will invest in Enel's photovoltaic panel factory in Sicily, supporting its plan to boost production and become Europe's main site for solar panels, Prime Minister Giorgia Meloni said on Saturday."There are 90 million euros ($97...

Thousands of accounts at Paytm Payments Bank set up improperly

2024-02-05 00:00:00

NEW DELHI, Feb 04 (Reuters): India's central bank has found hundreds of thousands of accounts at Paytm Payments Bank created without proper identification and has passed the information on to the country's financial crime fighting agency, three sources familiar with...

General meeting of BMAMA held

2024-02-05 00:00:00

A general meeting of the Bangladesh Motorcycle Assemblers and Manufacturers Association (BMAMA) was held at the Uttara Centre in the city on Sunday. Matiur Rahman, president of BMAMA, and the chairman and Managing Director of Uttara Motors Limited, presided over...

CHILDREN of LGED Employees honoured

2024-02-05 00:00:00

Meritorious children of the members of Local Government Engineering Department (LGED) Kollan Somobay Somiti Ltd. were honoured at a programme at the LGED headquarters in the city on Saturday. LGED Chief Engineer & the Somity President Md Ali Akhter Hossain...

United Healthcare celebrates World Cancer Day

2024-02-05 00:00:00

United Healthcare services celebrated the World Cancer Day on Sunday offering free cancer screening and other month-long activities on the premises of United Hospital, MA Rashid Hospital (Jamalpur) and Medix (Dhanmondi). The screening program is a proactive approach to raise...

Janata Bank training course begins-

2024-02-05 00:00:00

A 20-day managers' induction training course organised by Janata Bank Staff College began in the city on Sunday. Janata Bank PLC Managing Director & CEO Md Abdul Jabbar inaugurated the programme as the chief guest. Some 25 officers of the...

Textiles and Jute Minister Jahangir Kabir Nanok speaks at a views-exchange meeting

2024-02-05 00:00:00

Textiles and Jute Minister Jahangir Kabir Nanok speaks at a views-exchange meeting with officials of the department at the Jute Directorate at Motijheel in the city on Sunday. Secretary of the Ministry of Textiles and Jute Md Abdur Rouf, Director...

Rupali Bank held 'Business Conference-2024'

2024-02-05 00:00:00

Rupali Bank held the 'Business Conference-2024' of branch managers under the Cumilla division at Courtbari in Cumilla on Friday. Managing Director and CEO of the bank Mohammad Jahangir was present as the chief guest.

Dhaka north and Dhaka south zone of Islami Bank

2024-02-05 00:00:00

Dhaka north and Dhaka south zone of Islami Bank Bangladesh organised an agent banking business development conference and workshop on the prevention of money laundering and terror financing on Sunday at a hotel in Dhaka. Mohammed Monirul Moula, managing director...

DPDC gets new MD

2024-02-05 00:00:00

Abdullah Noman has joined as Managing Director (MD) of Dhaka Power Distribution Company Limited (DPDC) under the Power Division of the Ministry of Power, Energy and Mineral Resources, says a press release.He took over the charge at a simple ceremony...

Development Communication Conclave held

2024-02-05 00:00:00

The Bangladesh Development Comm-unication Forum (BDCF) organised the first-ever Development Commun-ication Conclave at the British Council Bangladesh on Saturday. The day-long event, sponsored by Expressions Ltd, brought together over 200 communication professionals from over 120 international and national organizations across...

DSE finds Khulna Printing factory shut

FE REPORT | 2024-02-05 00:00:00

An inspection team of the Dhaka Stock Exchange (DSE) found Khulna Printing & Packaging factory shut during a visit on Sunday.In a stock exchange filing, the premier bourse informed that a DSE team went to Khulna, where the company's factory...

Buoyant investors drive up DSE turnover to 16-month high

FE REPORT | 2024-02-05 00:00:00

Turnover of the Dhaka bourse on Sunday hit a 16-month high, riding on investors' increased participation in stocks of the major sectors.On the day, investors' buying appetite was observed across the trading floor.The major sectors such as engineering, general insurance...

Paper Processing to issue shares at 1:2 ratio for merger with Magura Paper

FE REPORT | 2024-02-05 00:00:00

Listed Paper Processing & Packaging is going to merge with its non-listed sister concern Magura Paper Mills, with shares of the latter to be exchanged at a 2:1 ratio. After the merger, the ownership stake of sponsor-directors will increase from...

Higher sales fail to cheer up drug makers in H1 FY24

BABUL BARMAN | 2024-02-05 00:00:00

Revenue jumped in the first half of FY24, compared to FY23, but it was accompanied by higher cost of sales in the turbulent macroeconomic scenario, depriving drug makers of the pleasure of attaining the expected profit growth. Higher raw material...

SMEs in KSA receive over $3.2b in funding

2024-02-05 00:00:00

RIYADH, Feb 04 (Arab News): Saudi Arabia's program to support small and medium enterprises, Kafalah, allocated SR12.1 billion ($3.22 billion) to support 5,476 initiatives as of December 2023.The SMEs received funding exceeding SR15.6 billion, with the program granting guarantees for...

India aims to collect $1.7b from online gambling tax

2024-02-05 00:00:00

NEW DELHI, Feb 04 (Reuters): Indian expects to collect up to 140 billion rupees ($1.7 billion) in goods and services tax (GST) next financial year by taxing online gambling companies, Revenue Secretary Sanjay Malhotra told Reuters on Saturday.The government in...