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BHBFC Chairman, MD greet Finance Minister

2024-01-19 00:00:00

Bangladesh House Building Finance Corporation (BHBFC) Chairman Prof Dr Md Salim Uddin and Managing Director Md Abdul Mannan greeted Finance Minister Abul Hasan Mahmood Ali with a bouquet at the Secretariat in the city on Thursday. BHBFC Deputy Managing Director...

Shwapno launches 'Diabetic Corner’ service

2024-01-19 00:00:00

With a view to providing more facilities for the customers and creating mass awareness about diabetes, Shwapno, one of the largest retail chain shops in country, has opened a new service called 'Diabetic Corner' at its outlets, said a press...

Distribution of blankets

2024-01-19 00:00:00

As a cold spell is sweeping across the country, BRAC Bank has come forward to help communities hit hard by the sudden drop in temperature, providing individuals with blankets. As part of corporate social responsibility (CSR), the bank has distributed...

Replacing lead-acid batteries with lithium batteries

2024-01-19 00:00:00

Mutual Trust Bank (MTB) and SOLshare recently signed an agreement to finance smart lithium batteries for electric three-wheelers, promoting sustainability in Bangladesh. At the signing ceremony at MTB Centre, the bank's corporate head office in the capital's Gulshan 1, Syed...

Dhaka stocks lose momentum after policy rate hike

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

The benchmark index of the Dhaka bourse failed to keep its upbeat vibe on Thursday as cautious investors were busy in profit booking the day after the central bank unveiled its contractionary monetary policy for January-June. Investors were wary of...

Brokers unable to bear costs amid low turnovers

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

Share transactions in the stock market sharply declined in the last 18 months due to the floor price to the point that around 80 per cent of the brokerage houses are now unable to bear their operating expenses. "Stockbrokers are...

Good cos out, bad cos in due to floor price

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

A record number of 83 companies, including 13 banks, have been removed from the DSEX index in the annual rebalancing of the index, as they failed to meet the criteria.The companies include big names, such as ACI Limited, United Power,...

West Bank economy in tatters as Gaza war rages

2024-01-19 00:00:00

RAMALLAH, Jan 18 (AFP): In the occupied West Bank, Hafeth Ghazawneh waits in quiet frustration for customers to visit his falafel stall, which has been deserted since the October 7 Hamas attacks in Israel.His breakfast and lunch offerings were popular...

India could ease China investment curbs if border stays calm

2024-01-19 00:00:00

DAVOS (Switzerland), Jan 18 (Reuters): India could ease its heightened scrutiny of Chinese investments if the two countries' border remains peaceful, a senior Indian official said in the first signal that the four-year-old curbs could be lifted.Border tensions, the biggest...

US business ‘optimistic’ about interest rates cuts: Fed

2024-01-19 00:00:00

WASHINGTON, Jan 18 (AFP): US businesses say they are "optimistic" about the prospect of falling interest rates, even as economic conditions have remained largely unchanged in recent weeks, the Federal Reserve said Wednesday.The US Fed recently voted to keep interest...

Maersk says winter weather, Red Sea disruption cause congestion

2024-01-19 00:00:00

Weather-related disruption at ports in northern Europe and the diversion of vessels away from the Red Sea are causing congestion at container terminals, AP Moller-Maersk said in an update to customers on Thursday, reports Reuters.Maersk and other shipping groups have...

ECB faces bumpy road to low inflation as wages rise

2024-01-19 00:00:00

FRANKFURT, Jan 18 (Reuters): Workers in Europe are hoping this year's pay round will help restore incomes eroded by higher prices, but the expected boost to their purchasing power could hamper the European Central Bank's efforts to bring inflation back...

NRBC Bank bagged two awards -- 'Best Bank for Emerging Entrepreneurs-2023' and 'Fastest Growing Private Ban 2023

2024-01-19 00:00:00

NRBC Bank bagged two awards -- 'Best Bank for Emerging Entrepreneurs-2023' and 'Fastest Growing Private Ban 2023, at a function 'on January 17. UK-based magazine The Global Economics awarded the bank for creating new entrepreneurs and the rapid expansion of...

Quality Feeds to disburse salaries through bKash's payroll solution

2024-01-19 00:00:00

Quality Feeds Ltd., the country's leading poultry, fish, and cattle feed producer, will use the bKash payroll solution to disburse salaries to their employees.In this regard, an agreement has been signed between bKash, and Quality Feeds Ltd recently. Ali Ahmmed,...

Pubali Bank PLC holds 1st Business Conference-2024

2024-01-19 00:00:00

Pubali Bank PLC's 1st Business Conference-2024 of regional and corporate branch managers was held at Hotel Sonargaon in the capital on Thursday. Monzurur Rahman, Chairman of the Board of Directors of the bank, was the chief guest at the conference,...

S Alam Group's modern refineries creating jobs for 6,000

2024-01-19 00:00:00

S. Alam Group's several new refineries equipped with latest technologies will start full-fledged operation this year, says the conglomerate in a statement. Eight refineries of the Group involving an investment of approximately $1,200 million or Tk 131.82 billion (13,182 crore)...

Sheltech draws up Tk 30b RU infrastructure dev plan

OUR CORRESPONDENT | 2024-01-19 00:00:00

RAJSHAHI, Jan 18: Consulting firm Sheltech has presented a concept paper for infrastructure development of Rajshahi University. Engineers of Sheltech on Wednesday morning made a presentation on the five-year development plan in presence of RU Vice-Chancellor Professor Golam Sabbir Sattar...

Ctg lighterage ship booking dispute resolved as automated system in place

NAZIMUDDIN SHYAMOL | 2024-01-19 00:00:00

CHATTOGRAM, Jan 18: The dispute over booking lighterage ships from Chittagong port to different routes across the country has been resolved, with the Department of Shipping issuing new directives and forming a committee to oversee the process. The dispute, which...

Turkiye's Tosyali Holding to invest $5b in Saudi steel plant

2024-01-19 00:00:00

RIYADH, Jan 18 (Arab News): A $5 billion steel plant is set for Saudi Arabia thanks to a new agreement signed by Turkish company Tosyali Holding, its chairman has revealed.Speaking in an interview with Bloomberg on the sidelines of the...

Gold inches up on weaker dollar

2024-01-19 00:00:00

SINGAPORE, Jan 18 (Reuters): Gold prices edged higher on Thursday, helped by a softer US dollar and the Middle East conflict lifting safe-haven appeal, while investors await further comments from a Federal Reserve official to gauge the central bank's interest...

Budget airline flynas begins direct flights to Mumbai

2024-01-19 00:00:00

RIYADH, Jan 18 (Arab News): Saudi Arabia's budget airline flynas has launched two new routes from Jeddah to India and Eritrea as the Kingdom's aviation industry continues to expand.The flight to Mumbai started on Jan. 15 and operations to Asmara...

Oil prices rise on strong IEA

2024-01-19 00:00:00

LONDON, Jan 18 (Reuters/Xinhua): Oil prices rose on Thursday as the IEA joined producer group OPEC in forecasting relatively strong growth in global oil demand this year, with price impetus also coming from disruption to US output and geopolitical risks...

Australia edge Syria 1-0 to reach Asian Cup knockouts

2024-01-19 00:00:00

DOHA, Jan 18 (AFP): Australia followed hosts and holders Qatar into the last 16 of the Asian Cup with an unconvincing 1-0 victory over Syria on Thursday.Jackson Irvine scored the winner on the hour with his second goal of the...

France ministry searched in Neymar PSG transfer probe

2024-01-19 00:00:00

PARIS, Jan 18 (AFP): The French finance and economy ministry was searched earlier this week as part of a probe into the 2017 transfer of Brazil football superstar Neymar to Paris Saint-Germain, a source said on Thursday.Officers with anti-corruption units...

Young Tigers beat Australia to gain boost ahead of U-19 WC

2024-01-19 00:00:00

Bangladesh Under-19 team gained a much-needed boost ahead of the Under-19 World Cup campaign, beating mighty Australia by five wickets in their second and final warm-up game at Pretoria on Wednesday, reports BSS.In the first practice match, which was hit...

Schedule for 2024 T20 WC' most complicated ever', says ICC

2024-01-19 00:00:00

NEW DELHI, Jan 18 (AFP): The International Cricket Council on Wednesday said the schedule for this year's T20 World Cup in the United States and West Indies had been "the most complicated ever to draft".The tournament will feature a record...

Hazlewood, Head put Australia in command against West Indies

2024-01-19 00:00:00

ADELAIDE, Australia, Jan 18 (AFP): An inspired spell of bowling from Josh Hazlewood and a brilliant attacking century from Travis Head put Australia in complete control of the first Test against the West Indies in Adelaide on Thursday.After Head smashed...

With promise of improvement, BPL kicks off today

2024-01-19 00:00:00

With the promise of improvement, the 10th edition of the Bangladesh Premier League (BPL), the country's sole franchise-based T20 league, is set to commence today (Friday) with a match between Comilla Victorians and Durdanto Dhaka, report agencies.While the Victorians boast...

Fog disrupts Padma ferry service for 6 hours

2024-01-19 00:00:00

RAJBARI, Jan 18 (bdnews24.com): Ferry operations on the Daulatdia-Paturia route across the Padma have resumed after a six-hour disruption due to heavy fog.Normal service started when the fog cleared around 7:30 am on Thursday, according to Shah Md Khaled Nawaz,...

Gopalganj, Gazipur road accidents kill three

2024-01-19 00:00:00

Three persons were killed in separate road accidents in Gopalganj and Gazipur districts on Thursday, report agencies.In Gopalganj, two people were killed and 15 were injured in a head-on collision between a bus and a truck on Dhaka-Khulna highway at...