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H&M targets Brazil, India as US, European spending slows

2025-09-30 00:00:00

STOCKHOLM, Sept 29 (Reuters): Fashion retailer H&M is seeking to expand in emerging markets such as Brazil and India, its CEO said, as consumer spending weakens in Europe, its core region, and US tariffs weigh on demand in its second-largest...

Steelmakers reel from setbacks yet foresee rebound

SAIF UDDIN | 2025-09-30 00:00:00

Bangladesh's steelmakers face a short-term setback as a domino effect of a sluggish growth in the national economy and a draught in investment. The steel industry is passing through a gamut of adversities like higher operational costs, weak demand and...

Saudi-Bangladesh trade body gets licence

FE REPORT | 2025-09-30 00:00:00

The government has approved a licence for a new trade body named "Saudi Arabia-Bangladesh Chamber of Commerce & Industry" which is expected to further strengthen the bilateral ties between the two nations.The commerce ministry recently issued a notification in this...

CMSMEs struggle to realise full potential

FE REPORT | 2025-09-30 00:00:00

Limited access to finance, inadequate infrastructure, shortage of skilled manpower, insufficient policy support coupled with stringent conditions are the main bottlenecks to utilise the full potential of Bangladesh's Cottage, Micro, Small and Medium Enterprises (CMSME), said speakers at a programme...

Brazil bank lending slows further in August as tight monetary policy bites

2025-09-30 00:00:00

BRASILIA, Sept 29 (Reuters): Outstanding bank lending in Brazil continued to lose momentum in August, central bank data showed on Monday, as high interest rates helped cool activity in Latin America's largest economy.Credit growth over the past 12 months slowed...

Germany assumes 15pc US tariff rate to apply to pharma, heavy trucks

2025-09-30 00:00:00

BERLIN, Sept 29 (Reuters): Germany expects the United States to apply a 15 per cent tariff rate to pharmaceuticals and heavy trucks, a government spokesperson said during a regular press conference on Monday.US President Donald Trump unveiled sweeping new import...

AstraZeneca plans full US listing, but defuses fears of UK exit

2025-09-30 00:00:00

AstraZeneca laid out plans on Monday to directly list its shares in the United States, as the drugmaker seeks to maximise gains from its biggest market and investor pool, even as it said that it was not exiting London, reports...

Italy reaps tax windfall thanks to inflation, job growth

2025-09-30 00:00:00

ROME, Sept 29 (Reuters): Italy's tax take is rising faster than expected thanks to job growth and inflation, putting the budget deficit on track to dip below the European Union ceiling of 3 per cent of gross domestic product in...

Shahjalal Islami Bank HOLDS 89th meeting of Shari'ah Supervisory BOARD

2025-09-30 00:00:00

The 89th meeting of Shari'ah Supervisory Committee of Shahjalal Islami Bank PLC (SJIBPLC) was held at the Corporate Head Office of the bank recently. The Chairman of the committee Hazrat Maulana Mufti Shahed Rahmani presided over the meeting. The meeting...

New BLFCA Committee meets with Bangladesh Bank Governor

2025-09-30 00:00:00

The newly elected Executive Committee members of Bangladesh Leasing and Finance Companies Association (BLFCA) led by its Chairman M Jamal Uddin, Vice Chairman Kanti Kumar Saha and Vice Chairman Kyser Hamid met with Bangladesh Bank Governor Dr. Ahsan H. Mansur...

BRAC BANK HOSTS AGENT MEET FOR NILPHAMARI REGION

2025-09-30 00:00:00

BRAC Bank held Agent Meet 2025 for the Nilphamari Region in Thakurgaon recently, aimed at strengthening field-level engagement and accelerating financial inclusion. Md Iqbal Mohasin, Director of the Financial Inclusion Department (FID), Bangladesh Bank; Pinaki Ranjan Sarker, Joint Director, FID,...

MODHUMOTI BANK ORGANISES MONEY LAUNDERING PREVENTION WORKSHOP

2025-09-30 00:00:00

Modhumoti Bank successfully organised a workshop on "Prevention of Trade-Based Money Laundering (TBML) & Credit-Backed Money Laundering (CBML)" on Saturday at the bank's Learning & Development Center (Explore) in PragatiSarani. Md. Shafiul Azam, managing director & CEO of Modhumoti Bank,...

PRIME BANK HOLDS TRAINING ON prevention of laundering, terrorism financing

2025-09-30 00:00:00

Prime Bank recently organised a day-long training programme on how to prevent money laundering and combat the financing of terrorism (CFT), in collaboration with the South Regional Office and Jashore branch. The programme was presided over by Md. Ziaur Rahman,...

ICB ASSET MANAGEMENT, IBN-SINA TRUST SIGN CORPORATE HEALTH AGREEMENT

2025-09-30 00:00:00

ICB Asset Management and Ibn-Sina Trust recently signed a corporate health agreement. Under this agreement, officers and employees of ICB Asset Management and their family members will receive special healthcare facilities from The Ibn-Sina Trust. The signing ceremony was attended...

BB, MERCANTILE BANK ORGANISE ENTREPRENEURSHIP DEVELOPMENT TRAINING

2025-09-30 00:00:00

Bangladesh Bank (BB) and Mercantile Bank kicked off a month-long entrepreneur development training programme in Narayanganj on Monday. The initiative is financed by the Asian Development Bank (ADB) and implemented by the Finance Division of Ministry of Finance under the...

SWIFT working on blockchain-based overhaul

2025-09-30 00:00:00

LONDON, Sept 29 (Reuters): Global financial messaging network SWIFT and more than 30 global banks announced on Monday they were now working "at pace" on making cross-border payments instantaneous and on a system capable of handling the various new forms...

Dulamia Cotton Spinning Mills to pay 3pc dividend despite suspended operations

FE REPORT | 2025-09-30 00:00:00

Dulamia Cotton Spinning Mills has declared a 3 per cent cash dividend for general shareholders for FY25, its first payout in 16 years, despite the company remaining out of operation since 2018.It managed to declare profits after many years due...

Six-month wait and no payout yet for unitholders

MOHAMMAD MUFAZZAL | 2025-09-30 00:00:00

Unitholders of Asian Tiger Sandhani Life Growth Fund have yet to receive their dues, even six months after the fund's closure, with uncertainty deepening as the delay drags on.The trustee of the mutual fund said the payment could not be...

A school for special children faces closure

2025-09-30 00:00:00

The National Academy for Autism and Neuro-Developmental Disabilities (NAAND) in Segunbagicha, Dhaka, is the only government secondary school in the country dedicated to children with autism and neuro-developmental disabilities. Currently, 44 students study here, not only learning academic subjects but...

Increase opportunities for research, innovation

2025-09-30 00:00:00

Bangladesh has recently fallen behind some African countries in the Global Innovation Index (GII), which is a matter of deep disappointment. A strong and permanent foundation for research has yet to be established in our country. While students in the...

What is happening to hilsa?

Syed Fattahul Alim | 2025-09-30 00:00:00

Is hilsa really leaving the shores of Bangladesh? Reports of constantly falling hilsa catch during the peak monsoon breeding season (July to October) is indeed concerning. Though hilsa's share of the nation's total fish production is only 12 per cent,...

Inflation battle faces fresh hurdles

Mir Mostafizur Rahaman | 2025-09-30 00:00:00

Managing inflation remains the thorn in the interim government's side. Just when there were signs of respite a couple of months ago, consumer prices have surged again-this time driven by the twin shocks of rising rice and vegetable prices. To...

Exploring potential of service sector

2025-09-30 00:00:00

Bangladesh has failed to keep pace with the burgeoning service sector worldwide in line with digital economy. But the country's demography with the highest ever percentage of working population of 39.39 per cent should have taken advantage of the service...

Man crushed under wheels of train in Ctg

2025-09-30 00:00:00

CHATTOGRAM, Sept 29 (BSS): A man was crushed under the wheels of a train on the Chattogram-Cox's Bazar railway line near Ward No-4 of Kanchanabad union under Chandanaish upazila of the district on Monday morning.The deceased was identified as Nayan,...

Schoolboy drowns in Magura pond

2025-09-30 00:00:00

MAGURA, Sept 29 (UNB): The body of a 15-year-old schoolboy was recovered from the Kumar on Monday morning, 10 hours after he drowned in the river while taking a selfie.The deceased was Dipto, a class VIII student of Magura Model...

Rail links to north restored 7 hrs after derailment in Pabna

2025-09-30 00:00:00

PABNA, Sept 29 (bdnews24.com): Rail communication between Dhaka and the northern districts has been restored nearly seven hours after a Panchagarh Express train derailed at Bhangura upazila in Pabna district.Authorities have formed a four-strong committee to investigate the incident, which...

Temporary market makes a comeback in Sylhet city

OUR CORRESPONDENT | 2025-09-30 00:00:00

SYLHET, Sept 29: Lighting, water, sanitation and security arrangements have been ensured at the Laldighirpar field (market) in Sylhet city, so that street vendors can continue their trade operations there, clearing all the busy footpaths and streets of the city...

11 members of mafia family get death penalty in China

2025-09-30 00:00:00

BEIJING, Sept 29 (BBC): A Chinese court has sentenced to death 11 members of a notorious family that ran scam centres in Myanmar, according to Chinese state media.Dozens of members of the Ming family were found guilty of conducting criminal...

Afghan govt frees US citizen

2025-09-30 00:00:00

KABUL, Sept 29 (AFP): Afghanistan's Taliban government released an American citizen from detention on Sunday, a week after freeing an elderly British couple.In a statement the ministry identified the detainee as Amir Amiri and said he had been handed over...

Typhoon kills dozens in Vietnam, Philippines

2025-09-30 00:00:00

HANOI, Sept 29 (AFP): A typhoon that ripped roofs off homes has killed dozens of people across Vietnam and the Philippines, officials from both countries said on Monday, as a weakened storm Bualoi crossed into neighbouring Laos.The typhoon battered small...