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BSF hands over slain BGB member's body after two days

2024-01-25 00:00:00

JASHORE, Jan 24 (UNB): India's Border Security Force (BSF) on Wednesday handed over the body of a Border Guard Bangladesh (BGB) member, who was shot by BSF members two days ago, reports UNB.The deceased, Raisuddin, 35, was posted at the...

BNP's movement to restore democracy, voting rights: Moyeen Khan

FE REPORT | 2024-01-25 00:00:00

Bangladesh Nationalist Party (BNP) has been on the movement to restore democracy and establish people's voting rights in the country, said the party's Standing Committee member Dr Abdul Moyeen Khan on Wednesday."BNP is working to bring back democracy and people's...

Boycotting polls, BNP now in extreme frustration: Hasan

2024-01-25 00:00:00

Awami League (AL) Joint General Secretary and Foreign Minister Dr Hasan Mahmud on Wednesday said that BNP is now suffering from extreme frustration as the party leaders now can realise that boycotting the January 7 election was suicidal, reports BSS."Today,...

EU ports join up to fight drug smuggling

2024-01-25 00:00:00

BRUSSELS, Jan 24 (AFP): The EU on Wednesday launches a "European Ports Alliance" to harmonise methods in the fight against drug smuggling and to combat the hubs' infiltration by criminal groups.The initiative -- inaugurated at Belgium's Antwerp port, the main...

Six killed in Mongolia gas explosion

2024-01-25 00:00:00

ULAANBAATAR, Jan 24 (AFP): Six people were killed and over a dozen injured in Mongolia's capital Wednesday after a truck carrying gas collided with a car, causing a huge explosion that sent flames soaring into the night sky.The incident took...

39 killed in China shop fire

2024-01-25 00:00:00

BEIJING, Jan 24 (BBC): At least 39 people have been killed and nine injured in a fire that started in the basement of a shop in the Chinese city of Xinyu.State media said the fire started on Wednesday afternoon local...

Sheikh Hasina works for public welfare: Taposh

FE REPORT | 2024-01-25 00:00:00

Dhaka South City Corporation (DSCC) Mayor Sheikh Fazle Noor Taposh said on Wednesday that Prime Minister Sheikh Hasina is working for the wellbeing of the countrymen."Prime Minister Sheikh Hasina is embracing Bangladesh with her utmost affection. She feels people's woes....

People's Leasing seeks state care to stay afloat

REZAUL KARIM | 2024-01-25 00:00:00

The scam-hit People's Leasing and Financial Services Ltd (PLFSL) has sought financial support from the government to help the non-bank financial institution run operations at full capacity.Hasan Shaheed Ferdous, the court-appointed chairman of the institution, also sought government intervention in...

UK to help raise tax-GDP ratio

FE REPORT | 2024-01-25 00:00:00

The UK government is willing to provide support to Bangladesh in curbing inflation and raising the tax-GDP ratio. Foreign Minister Dr Hasan Mahmud said this after a meeting with British High Commissioner Sarah Cooke at the foreign ministry on Wednesday.The...

‘Focus more on plastic recycling to curb pollution’

FE REPORT | 2024-01-25 00:00:00

There is an urgent need for establishing necessary infrastructure to recycle different types of plastic waste in the country as they pollute the environment, speakers told a programme on Wednesday.They also called for conducting more research and development works to...

Geopolitics plays a major role in climate change

FE REPORT | 2024-01-25 00:00:00

Geopolitics and geological location of the countries play a major role in climate change and its effects on people, said experts at the 9th International Water Conference.The two-day-long 9th International Water Conference is taking place at a hotel in Dhaka...

Tax receipts from big biz see quantum leap

FE REPORT | 2024-01-25 00:00:00

Tax collection from big corporates has witnessed a quantum jump since the inception of large taxpayers' unit (LTU) under income-tax wing of the revenue board following its prompt service delivery to taxpayers.The LTU has grown 1,652 per cent in its...

Form panel of expert PDs to plug loopholes

FE REPORT | 2024-01-25 00:00:00

Prime Minister Sheikh Hasina on Wednesday directed the authorities concerned to form a "panel of expert project directors (PDs)" for checking implementation loopholes in the schemes under development budget.She also instructed taking up priority projects by keeping aside the less-...

Briefing 2024-01-25

2024-01-25 00:00:00

Prayer Timings (2024-01-25)

2024-01-25 00:00:00

Uncertainty clouds MPA borrowing from CPA

FE REPORT | 2024-01-25 00:00:00

Mongla Port Authority (MPA) bid to buy land to build waste dump for disposing dredging litters looks uncertain for failed attempt at borrowing funds, sources said. They said the MPA move fizzled out as the Chittagong Port Authority (CPA) declined...

MRT-6 runs at half capacity

MUNIMA SULTANA | 2024-01-25 00:00:00

Half the capacity of the mass rapid transit (MRT) line-6 has remained unutilised despite huge passenger pressure following the inauguration of its daylong operation since Saturday.Metro-rail-company sources have attributed the passenger pressure at the terminals to the unavailability of adequate...

Banks take Tk 80b special bonds so far

JUBAIR HASAN | 2024-01-25 00:00:00

Commercial banks have so far received Tk 80 billion worth of newly introduced special government bonds meant for settling accumulated arrears to independent power producers and fertiliser suppliers that also bear multiple financial gains, officials said.The government early this month...

China cuts bank reserves to defend markets, spur growth

2024-01-25 00:00:00

BEIJING, Jan 24 (Reuters): China's central bank announced a deep cut to bank reserves on Wednesday, in a move that will inject about $140 billion of cash into the banking system and send a strong signal of support for a...

Tesla plans to build new electric vehicles in mid-2025

2024-01-25 00:00:00

SAN FRANCISCO/DETROIT, Jan 24 (Reuters): Tesla has told suppliers it wants to start production of a new mass market electric vehicle codenamed "Redwood" in mid-2025, according to four people familiar with the matter, with two of them describing the model...

Crypto lender Nexo seeks $3b in damages from Bulgaria

2024-01-25 00:00:00

LONDON, Jan 24 (Reuters): Cryptocurrency lender Nexo is seeking $3 billion in damages from Bulgaria over an aborted criminal investigation that the company alleges scuppered its plans for a US stock market listing and a soccer sponsorship deal, legal filings...

Moody's alters outlook to negative for 5 Egyptian banks

2024-01-25 00:00:00

RIYADH, Jan 24 (Arab News): Egypt's outlook shift reflects concerns about the potential weakening of the country's credit profile amid challenging macroeconomic conditions and ongoing efforts for fiscal consolidation. This connection constrains the standalone financial profile of these banks.Additionally, the...

King coal set to lose crown for electricity production: IEA

2024-01-25 00:00:00

Renewables are set to displace coal as the top source of energy for electricity production globally in 2025, the International Energy Agency said Wednesday, reports AFP.In its annual report on the electricity market, the IEA said that renewable - in...

Malaysia holds rates again, flags inflation risks

2024-01-25 00:00:00

KUALA LUMPUR, Jan 24 (Reuters): Malaysia's central bank kept its benchmark interest rate unchanged for the fourth straight meeting on Wednesday, seeking to support economic growth ahead of an expected pickup in inflation following planned subsidy changes.Bank Negara Malaysia (BNM)...

PADMA BANK SIGNS AGREEMENT WITH IMO HOLIDAYS

2024-01-25 00:00:00

Padma Bank PLC and IMO Holidays signed an agreement on Customer Benefit Programme at the bank's Gulshan Head Office on Monday. Under the agreement, Padma Bank cardholders and employees can enjoy attractive discounts on various packages, hotels and destinations offered...

Probashi Kallyan Bank signs agreement with BB

2024-01-25 00:00:00

A participation agreement was signed between Probashi Kallyan Bank and Bangladesh Bank (BB) regarding refinance facility under the SPCSSEC Project of ADB recently. Md Mazibur Rahman, Managing Director of Probashi Kallyan Bank, and Md Khurshid Alam, Executive Director & Project...

Sonali Bank distributes winter clothes

2024-01-25 00:00:00

Sonali Bank PLC distributed winter clothes among the cold-hit destitute people at Harirampur Upazila auditorium in Manikganj on Tuesday under its Corporate Social Responsibilities (CSR) activities. Sonali Bank general managers AKM Selim Ahmed and Arshad Hossain, and Upazila Nirbahi Officer...

Europe’s bike industry hits bumps as cycling craze cools

2024-01-25 00:00:00

STUTTGART, Jan 24 (AFP): At a bicycle trade fair in Stuttgart, steep discounts on brand-new models hint at the turmoil roiling the industry now that a pandemic-fuelled cycling craze has faded.Price cuts of 20 to 30 per cent were not...

'Annual branch manager's conference-2024' of Union Insurance held

2024-01-25 00:00:00

The 'Annual branch manager's conference-2024' of Union Insurance Company Ltd was held at the company's head office in the capital recently. Founder Chairman Mozaffar Hossain Paltu was present in the meeting as chief guest. The conference was presided over by...

Dhaka Bank and Comfystyle, a clothing brand of Purbani Lifestyle, signed MoU

2024-01-25 00:00:00

Dhaka Bank and Comfystyle, a clothing brand of Purbani Lifestyle Limited, signed an MoU at the head office of Dhaka Bank in the city on Tuesday. In presence of Emranul Huq; managing director & CEO, Dhaka Bank, Md. Mostaque Ahmed,...