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SS Steel's Q1 profit doubles on subsidiaries

FE REPORT | 2023-12-25 00:00:00

Despite prevailing economic challenges, SS Steel Ltd. displayed a remarkable performance by doubling its profits year-on-year in the first quarter of this financial year, driven by increased earnings of its subsidiaries.The listed steel manufacturer reported a consolidated profit of Tk...

Saudi Arabia unveils nationalisation drive to boost local workforce

2023-12-25 00:00:00

RIYADH, Dec 24 (Arab News): Saudi local talent participation in the workforce will receive a boost as the Ministry of Human Resources and Social Development launched a new nationalization initiative.Effective Dec. 24, a decree has been detailed, outlining the nationalization...

ClearMotion to supply smooth suspension tech for Nio's ET9 EV

2023-12-25 00:00:00

LONDON, Dec 24 (Reuters): US startup ClearMotion will supply its active suspension technology for Chinese EV maker Nio's upcoming ET9 in a contract covering 750,000 cars over the lifetime of the luxury sedan model, the two companies said on Saturday.Nio...

Retailers dangle fewer discounts for inflation-weary shoppers

2023-12-25 00:00:00

WASHINGTON, Dec 24 (Reuters): Last-minute shoppers looking for late deals ahead of Christmas may find smaller discounts and fewer items marked down at major retailers including Macy's, Target and Ulta Beauty, according to an analyst and two datasets measuring retailers'...

Habibur Rahman, Managing Director & CEO of South Bangla Agriculture and Commerce (SBAC) Bank Limited

2023-12-25 00:00:00

SBAC Bank relocates Bashundhara branch Habibur Rahman, Managing Director & CEO of South Bangla Agriculture and Commerce (SBAC) Bank Limited, inaugurated its branch relocated (changing its name from Bashundhara Women's Branch) to the new address (Ranks Business Centre, Progati Sarani...

The Eastern Bank PLC (EBL) opened its 85th branch at Bangabandhu Sheikh Mujib Shilpa Nagar, Mirsarai,

2023-12-25 00:00:00

EBL opens its 85th branch at Bangabandhu Sheikh Mujib Shilpa NagarThe Eastern Bank PLC (EBL) opened its 85th branch at Bangabandhu Sheikh Mujib Shilpa Nagar, Mirsarai, Chattogram recently. Dr. Shaikh Mohammad Jobayed Hossain, Joint Secretary and General Manager (Finance and...

Midland Bank signs MoU with Voltech Bangladesh

2023-12-25 00:00:00

A Memorandum of Understanding (MoU) was signed between Midland Bank and Voltech Bangladesh Private Limited at the corporate head office of the bank at Gulshan 2 recently, said a press release.Mohammad Javed Tarek Khan, Head of Institutional Banking Division of...

First Security Islami Bank launches digital financial service 'dCloud'

2023-12-25 00:00:00

First Security Islami Bank PLC launched its mobile app 'dCloud' for extended digital financial services in a simple ceremony organized at FSIB Head Office on Sunday, says a press release.The dCloud app contains services such as new account opening, fund...

Prime Bank offers mortgage-free loan for PRAN-RFL suppliers

2023-12-25 00:00:00

PRAN-RFL suppliers would enjoy mortgage-free overdraft loans up to Tk 100 million (10 crore), a statement said. The Prime Bank PLC and the PRAN-RFL Group signed a Memorandum of Understanding (MoU) at Prime Bank head office in Dhaka recently on...

Shahjalal Islami Bank bags 3 prestigious SAFA awards

2023-12-25 00:00:00

Shahjalal Islami Bank PLC got three prestigious awards from the South Asian Federation of Accountants (SAFA) for its best presented Annual Report-2022, says a press release. The bank bagged the Gold Award (1st Prize) in the Private Sector Banking Institutions...

Ispahani Mirzapore best tea brand again

2023-12-25 00:00:00

Ispahani Mirzapore has won the 'Best Hot Beverage Brand (Tea) Award 2023' for the ninth consecutive year. Along with this, it won the top five in the 'Overall Best Brand' category among all local and multinational brands in the 'Best...

Japan to release 3rd tranche of $540m

FE REPORT | 2023-12-25 00:00:00

Japan will provide a third tranche of 76,635 million yen or approximately $540 million for the third terminal at the Hazrat Shahjalal International Airport the construction of which already reached 90 per cent.With this, the Japanese loan for it stood...

CMP announces anti-arms drive before elections

Our Correspondent | 2023-12-25 00:00:00

CHATTOGRAM, Dec 24: The Election Commission (EC) has directed law enforcement agencies to recover illegal weapons and prepare a list of terrorists before the 12th parliamentary elections on January 7, 2024. Following these directives, the Chattogram Metropolitan Police (CMP) headquarters...

Ruling Awami League-fielded Dhaka-06 constituency candidate Sayeed Khokon carrying

2023-12-25 00:00:00

Ruling Awami League-fielded Dhaka-06 constituency candidate Sayeed Khokon carrying out mass contact under the election symbol 'boat' at Gendaria in the city on Sunday — Focus Bangla

CPD press briefing to divert people's attention before polls: Hasan

2023-12-25 00:00:00

Information and Broadcasting Minister and Awami League Joint General Secretary Dr Hasan Mahmud on Sunday said the Centre for Policy Dialogue (CPD) held a press conference based on false information to divert people's attention before the elections, reports BSS."I read...

AL Ctg-3 candidate served show-cause notice

2023-12-25 00:00:00

The Electoral Enquiry Committee on Sunday served a show-cause notice on Awami League (AL) nominated candidate of Chattogram-3 (Sandwip upazila) Mahfuzur Rahman Mita for the second time for allegedly breaching the electoral code of conduct, reports UNB.According to the notice,...

Leaders of the 12-party alliance brought out a precession in the city's Bijoy Nagar area on Sunday demanding resignation of the

2023-12-25 00:00:00

Leaders of the 12-party alliance brought out a precession in the city's Bijoy Nagar area on Sunday demanding resignation of the government to pave the way for holding the 12th parliamentary election under a non-party neutral administration — Focus Bangla

AL wants peaceful election, says Quader

2023-12-25 00:00:00

Awami League (AL) General Secretary Obaidul Quader on Sunday said the ruling party wants a peaceful election, so it will not tolerate any kind of anti-poll violence, reports BSS. "Actions will be taken against those found guilty," he said at...

Khawaja denied permission to have peace symbol on bat

2023-12-25 00:00:00

MELBOURNE, Dec 24 (AFP): Australia's Usman Khawaja has been denied permission to place a peace symbol on his bat and shoes for the Boxing Day Test against Pakistan, reports said Sunday.A sticker showing a black dove and the words 01:UDHR...

India beat Australia in women's Test for 1st time

2023-12-25 00:00:00

MUMBAI, Dec 24 (AFP): India's women's cricket team cruised to their first-ever win against Australia in Test cricket Sunday, beating the visitors by eight wickets in a one-off match in Mumbai.India dominated play in the four-day match at the Wankhede...

Tigresses fail to create history in South Africa

2023-12-25 00:00:00

Bangladesh Women's team failed to create a history in South Africa after tasting a thumping 216-run defeat in the third and final ODI at Benoni on Saturday, reports BSS.After drawing the three-match T20 series 1-1, the visitors won the three-match...

Tamim reluctant to be part of BCB's central contract

2023-12-25 00:00:00

Opener Tamim Iqbal has requested the Bangladesh Cricket Board (BCB) to exclude him from the board's central contract list, further refueling the rumour that he wants to end his International career, report agencies.Tamim's international career has been a whirlwind in...

LUMS energy report sheds light on inefficient practices

2023-12-25 00:00:00

LAHORE, Dec 24 (Express Tribune): In a significant development, the Lahore University of Management Sciences' (LUMS) Energy Institute (LEI) has released a pioneering report titled "Sustainable Architecture: Advancing Energy Efficient Buildings." The report, presented at a ceremony attended by policymakers,...

Local production of electric bikes urged

2023-12-25 00:00:00

KARACHI, Dec 24 (Express Tribune): Bike assemblers and dealers are urging the government to formulate a policy on the localisation of Electric Vehicle (EV) motorbikes. They emphasise the need for attractive incentives to encourage e-bike companies to focus on "Make...

More ships carrying oil avoid Red Sea route

2023-12-25 00:00:00

HOUSTON, Dec 24 (Reuters): At least two ships transporting oil or oil products between the US Gulf Coast and India on Friday were re-routing from the Red Sea, according to vessel tracking data, as a US-led coalition geared up to...

Shipping firms impose extra fees on trade

2023-12-25 00:00:00

OSLO/PARIS, Dec 24 (Express Tribune): Some of the world's largest shipping firms, including Maersk and CMA CGM, will impose extra charges after they re-routed ships in response to attacks on vessels in the Red Sea, as worries about disruption to...

Igloo adjudged one of most loved brands

2023-12-25 00:00:00

Bangladesh Brand Forum (BBF) has honored Igloo as one of the most loved brands of the country through a comprehensive consumer survey conducted by nSearch Limited.Igloo remains the Bangladesh's most loved Ice Cream brand for the fourth year in a...

Bombs rain on northern Gaza

2023-12-25 00:00:00

GAZA, Dec 24 (Reuters/AFP/AP): Israel fought to wrest full control of northern Gaza from Hamas militants as the US and Israeli leaders discussed the outlook for the 11-week-old war, after the UN Security Council appealed for more aid for the...

Yemen govt welcomes UN roadmap to end war

2023-12-25 00:00:00

DUBAI, Dec 24 (AFP): Yemen's internationally recognised government has welcomed UN-led efforts to end the country's civil war after the warring parties committed to take steps towards a ceasefire.The Arabian Peninsula's poorest country has been gripped by conflict since the...

Barishal road accident kills two--

2023-12-25 00:00:00

BARISHAL, Dec 24 (UNB): Two people were killed and 10 sustained injuries in a head-on collision between a bus and a three-wheeler on Dhaka-Barishal highway in Wazirpur upazila of Barishal on Sunday morning.The deceased were identified as Sohrab, 38, and...