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NAM Summit: Dhaka calls for greater unity, solidarity for shared prosperity

2024-01-19 00:00:00

Bangladesh has called for greater unity and solidarity among the Non-Aligned Movement (NAM) member-states to ensure shared global prosperity, reports UNB.While speaking at the ministerial meeting of the NAM in Kampala, Uganda, Foreign Secretary Masud Bin Momen referred to the...

EU wants to elevate partnership with BD to new height:

2024-01-19 00:00:00

The European Union (EU) wants to take the partnership and cooperation with Bangladesh to a new height, said its ambassador said on Thursday, reports UNB.Ambassador Charles Whiteley made the remarks while paying a courtesy call on Prime Minister Sheikh Hasina...

Dengue: One more dies with 29 fresh cases

2024-01-19 00:00:00

Bangladesh has registered 29 new hospitalisations and another death in a 24-hour tally to Thursday morning, reports bdnews24.com.Of the patients newly hospitalised with the disease, nine cases were in Dhaka, while 20 were outside the capital. The one death was...

Govt to use Brick Kilns Tracker to detect pollution

FE REPORT | 2024-01-19 00:00:00

The government will use Brick Kiln Tracker to help identify environmental polluters and take appropriate legal action against them. The Environment, Forest and Climate Change Minister Saber Hossain Chowdhury said this Thursday adding that it would be easier to stop...

Foreign Minister heads to Delhi on Feb 7

2024-01-19 00:00:00

Foreign Minister Hasan Mahmud will fly to India for his first bilateral visit, reports bdnews24.com.The new foreign minister will depart for New Delhi on February 7."I am going to New Delhi on Feb 7 at the invitation of Indian Minister...

Palak asks Teletalk to pay Tk 18.48b dues to BTRC

FE REPORT | 2024-01-19 00:00:00

State Minister for Posts, Telecommunications and Information Technology Zunaid Ahmed Palak at a meeting on Thursday directed Teletalk Bangladesh Limited to pay its outstanding dues amounting to Tk 18.48 billion (excluding VAT and tax) to BTRC.The Bangladesh Telecommunication Regulatory Commission's...

50pc do hajj reg

ARAFAT ARA | 2024-01-19 00:00:00

Less than 50 per cent of Bangladeshi pilgrims have completed registration against the quota set for the country this year until Wednesday deadline.As per the government's hajj management web portal, a total of 53,115 pilgrims completed registration until the filing...

Project income must be kept with lending banks: BB

FE REPORT | 2024-01-19 00:00:00

Projects undertaken with bank loans will now have to open an escrow account or revenue account with the lending banks to deposit earnings or sales proceeds from the respective projects.In cases of any syndicated financing, such accounts will have to...

WB, ADB urge govt for reforms, improving investment climate

FE REPORT | 2024-01-19 00:00:00

The World Bank (WB) and the Asian Development Bank (ADB) urged the government on Thursday to implement necessary reforms and improve the investment climate to effectively navigate the current economic challenges. At the same time, they reiterated their full cooperation...

Prayer Timings (2024-01-19)

2024-01-19 00:00:00

Covid sub-variant JN.1 detected in country

FE REPORT | 2024-01-19 00:00:00

Covid-19 infections with new sub-variant called JN.1 have been detected in the country, officials confirmed on Thursday.JN.1 was detected in a sample analysis of the government's Institute of Epidemiology, Disease Control and Research (IEDCR). The new sub-variant was found in...

Gas relief on US regasification unit resurrection

M AZIZUR RAHMAN | 2024-01-19 00:00:00

Coveted relief for gas-guzzling consumers comes with the US floating terminal in the bay resuming Thursday LNG processing after a two-and-a-half-month hiatus that fed into fuel crisis across Bangladesh.The Excelerate Energy-owned floating storage and regasification unit (FSRU) went for overhauling...

State minister spells warning against market manipulation

FE REPORT | 2024-01-19 00:00:00

State Minister for Commerce Ahasanul Islam Titu issued stern warnings to unscrupulous traders at three separate events on Thursday, while the red-hot local markets in the weekly wrap-up showed little sign of cooling down.Key food staples like rice and flour...

Temp may rise during day but fall at night

2024-01-19 00:00:00

Daytime temperatures are likely to rise, but nights will be colder, especially in parts of the capital, Khulna, and Barishal divisions, which had light-to-moderate rain on Thursday, report agencies.A cold wave is sweeping across the entire country, particularly in Rajshahi,...

Metro to run on entire route until 8pm

FE REPORT | 2024-01-19 00:00:00

The metro rail is scheduled to be operated from 7:10 am to 8 pm on the entire Uttara-Motijheel corridor starting tomorrow (Saturday), facilitating commuters to enjoy a comfortable daily journey.The trains of the MRT-6 will run with 10-minute interval during...

China plans FTA talks for trade boost

MIR MOSTAFIZUR RAHAMAN | 2024-01-19 00:00:00

China hopes to start negotiations with Bangladesh on free-trade agreement out of urgency to help the country weather post-graduation economic adversities from end of duty derogation. "We have completed our feasibility study and hope that Bangladesh will complete its study...

Floor-price fetters on stocks lifted, save 35 kingpins

FE REPORT | 2024-01-19 00:00:00

The much-vaunted floor price as controls on listed securities, save 35 biggies, goes now after 18 months avowedly for restoring normal functioning of Bangladesh's capital market.Bangladesh Securities and Exchange Commission (BSEC) Thursday issued an order to this effect, allowing free...

HDFC Bank sparks worst day for India's Nifty

2024-01-19 00:00:00

BENGALURU, Jan 18 (Reuters): India's blue-chip indexes posted their worst session in 19 months on Wednesday, led by a slide in top private lender HDFC Bank after its quarterly results.The blue-chip NSE Nifty 50, opens new tab shed 2.09 per...

TSMC bullish on AI demand, forecasts 20pc revenue growth

2024-01-19 00:00:00

TAIPEI, Jan 18 (Reuters): Taiwanese chipmaker TSMC projected on Thursday more than 20 per cent growth in 2024 revenue on booming demand for high-end chips used in artificial intelligence (AI) applications even as the broader industry deals with weak smartphone...

Synopsys to buy software firm Ansys in $35b deal

2024-01-19 00:00:00

NEW YORK, Jan 18 (Reuters): Chip design software maker Synopsys, opens new tab said on Tuesday it would buy Ansys, opens new tab in a $35 billion cash-and-stock deal, snapping up the maker of software used in creating products from...

BMW taps humanoid startup Figure to take on Tesla’s robot

2024-01-19 00:00:00

NEW YORK, Jan 18 (Reuters): Robotics startup Figure said it has signed a partnership with BMW Manufacturing to deploy its humanoid robots in the car maker's facility in the US, as more companies turn to human-like robots to take on...

China widens South America trade highway with Silk Road mega port

2024-01-19 00:00:00

CHANCAY, Jan 18 (Reuters): In September, a group of Brazilian farmers and officials arrived in the Peruvian fishing town of Chancay. The draw: a new Chinese mega port rising on the Pacific coast, promising to turbo charge South America's trade...

Hong Kong stocks close slightly higher

2024-01-19 00:00:00

HONG KONG, Jan 18, 2024 (AFP) - Hong Kong stocks rose Thursday on bargain-buying but were still well down for the year so far as traders fret over China's struggling economy, while expectations for an early US interest rate cut...

Vietnam tightens limits on investors' stakes in banks

2024-01-19 00:00:00

HANOI, Jan 18 (Reuters): Vietnam's legislature on Thursday approved new rules that lower the maximum stake investors can hold in domestic banks, a move aimed at reducing risks of market manipulation, but that could make investment in lenders less attractive.Under...

Tesla, Ford among the most shorted stocks in 2023: Hazeltree

2024-01-19 00:00:00

LONDON, Jan 18 (Reuters): Hedge funds took the most bets against auto companies Tesla, opens new tab, Ford, opens new tab, and communications company Charter Communications, opens new tab in the United States last year, a report by data firm...

NYSE pulls plan for environmentally sustainable asset class

2024-01-19 00:00:00

The New York Stock Exchange (NYSE) has withdrawn from the Securities and Exchange Commission a proposal to create a new tradeable asset class called "natural asset companies", or NACs, the commission said on Wednesday, reports Reuters.The asset class was to...

Asian markets fluctuate as traders recalibrate rate outlook

2024-01-19 00:00:00

HONG KONG, Jan 18 (AFP): Asian stocks were mixed Thursday after another dour day across global markets fuelled by a sense of resignation that the interest rate cuts long expected in March will not materialise as inflation remains stubbornly high.A...

Weak earnings, fading US rate cut hopes drag Indian shares

2024-01-19 00:00:00

BENGALURU, Jan 18 (Reuters): Indian shares fell on Thursday, as HDFC Bank extended post-earnings decline, while IT stocks came under pressure amid growing doubts over early US rate cuts.The blue-chip NSE Nifty 50, opens new tab shed 0.51 per cent...

Saudi minister holds talks with Microsoft, IBM over expansion plans

2024-01-19 00:00:00

RIYADH, Jan 18 (Arab News): Microsoft and IBM were among several leading tech companies to hold talks over expanding their operations in Saudi Arabia in artificial intelligence, innovation, and the digital economy.The Kingdom's Minister of Communications and Information Technology Abdullah...

Rupali Insurance annual confce held

2024-01-19 00:00:00

The annual conference-2024 of Rupali Insurance Company Limited was held at the Imperial Convention Centre in the city recently. Rupali Insurance Chairman Mostafa Golam Quddus, directors Mostafa Quamrus Sobhan and Sheikh Mohammad Danial, Advisor PK Roy and Chief Executive Officer...