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Bangladesh economy faces headwinds

Muhammad Mahmood | 2023-12-19 00:00:00

A recent World Bank report (October 4, 2023) says, "Bangladesh has strong track record of growth and development, even in times of elevated global uncertainty. A robust demographic dividend, strong ready-made garment (RMG) exports, resilient remittance inflows, and a stable...

Nissan to export China-developed EVs to global markets

2023-12-18 00:00:00

BEIJING, Dec 17 (Reuters): Nissan Motor said on Sunday it would sell China-developed electric vehicles (EVs) globally as it struck a deal with the country's top university to leverage local resources to accelerate research and development on electrification.The Japanese automaker...

China's ban on Apple's iPhone accelerates

2023-12-18 00:00:00

SHANGHAI, Dec 17 (Reuters): More Chinese agencies and state-backed companies across the country have asked their staff to not bring Apple iPhones and other foreign devices to work, Bloomberg News reported on Friday, citing people familiar with the matter. For...

Asian IPO market seen brighter in 2024 but elections cast shadows

2023-12-18 00:00:00

SYDNEY, Dec 17 (Reuters): Bankers in Asian equity capital markets are hopeful of a better year in 2024 after a dismal showing for IPOs this year, noting that interest rates have stabilised globally but they add that elections across the...

Bank Asia organised annual 'AML & CFT Conference 2023'

2023-12-18 00:00:00

Bank Asia Limited recently organised the annual 'AML & CFT Conference 2023' to enhance anti-money laundering and ant-terror financing knowledge and raise awareness among the employees. Shafiuzzaman, president and managing director (current charge), was present as the chief guest, while...

Modhumoti Bank inaugurated 49th branch at Jhikargacha

2023-12-18 00:00:00

Modhumoti Bank Limited inaugurated its 49th branch at Jhikargacha in Jashore on Sunday. A Mannan Khan, director of Modhumoti Bank, inaugurated the branch as the chief guest. Md Shafiul Azam, managing director and CEO of the bank, presided over the...

CELEBRATING VICTORY DAY -

2023-12-18 00:00:00

Different banks, government agencies and other entities placed wreaths at the National Memorial at Savar, at the portrait of Bangabandhu Sheikh Mujibur Rahman at Dhanmondi in Dhaka and at their head offices and other places, and at other memorials to...

PBIL eyes wider investor pool with new discretionary portfolios

MOHAMMAD MUFAZZAL | 2023-12-18 00:00:00

Diversifying its offerings to cater to the varying appetite for risks and returns, Prime Bank Investment Ltd (PBIL) unveiled five new discretionary products in October.The leading investment bank says these products allow them to meet the diverse needs of investors...

ICB, at risk of negative equity, looks to govt support to keep running

FARHAN FARDAUS | 2023-12-18 00:00:00

The state-run Investment Corporation of Bangladesh (ICB) has reported first-time loss for the Q1, FY24, but the last 14-year data points to inefficient management from the start that has pushed it to the verge of collapse. Its interest expense grew...

Dollar restrictions weigh on Iraq daily life

2023-12-18 00:00:00

BASRA, Dec 17 (AFP): In Iraq's southern city of Basra, Al-Harith Hassan has been struggling to withdraw his salary in dollars for months as the government tries to curb the country's addiction to US currency."When we go to withdraw our...

Turkiye's lira bonds set to yield promising returns

2023-12-18 00:00:00

RIYADH, Dec 17 (Arab News): Turkiye is urging foreign investors to consider government bonds that offer yields in Turkish lira as the country approaches the end of its tightening monetary cycle, according to the central bank's chief. Turkish Central Bank...

India, Oman deepen economic ties through multiple MoUs

2023-12-18 00:00:00

RIYADH, Dec 17 (Arab News): The economic and trade relations between Oman and India are set to strengthen further as both nations recently signed multiple agreements and memorandums of understanding across various sectors. The deals were formalized during the visit...

Tokyo Gas, partners to build LNG power plant in Vietnam

2023-12-18 00:00:00

HANOI, Dec 17: Vietnam on Saturday awarded an investment licence to a consortium of Tokyo Gas, Kyuden International and Truong Thanh Group to build a US$1.99-billion LNG-fired power plant in its northern province of Thai Binh.The licence was awarded to...

SONALI BANK DISCUSSION ON VICTORY DAY

2023-12-18 00:00:00

Sonali Bank PLC arranged a discussion on the Victory Day at its head office on Sunday. Chairman of the Board of Directors Ziaul Hasan Siddiqui was present as the chief guest while CEO and Managing Director Md Afzal Karim presided...

ISLAMI BANK DISCUSSION ON VICTORY DAY

2023-12-18 00:00:00

Islami Bank Bangladesh PLC organised a discussion and doa mahfil on the occasion of the Victory Day on Saturday on a virtual platform. Dr Tanveer Ahmad, Vice Chairman of the bank, was present as the chief guest while Mohammed Monirul...

UTTARA BANK OPENS TWO SUB-BRANCHES

2023-12-18 00:00:00

Uttara Bank PLC opened two sub-branches in Sandwip, Chattogram, and in Khagrachari recently. Mohammed Rabiul Hossain, Managing Director & CEO of the bank, along with other high officials inaugurated the 34th Sub-Branch named 'Akbar Hat Sub Branch' in Sandwip and...

SOCIAL ISLAMI BANK HOLDS BAMLCO CONFERENCE -

2023-12-18 00:00:00

Social Islami Bank held the Branch Anti-Money Laundering Compliance Officer (BAMLCO) Conference-2023 at the bank's head office on Friday to strengthen the activities of prevention of money laundering and terrorist financing. Md Masud Biswas, Head of Bangladesh Financial Intelligence Unit...

AL-ARAFAH ISLAMI BANK OPENS NEW BRANCH

2023-12-18 00:00:00

Al-Arafah Islami Bank opened its 214th branch at Bamondi in Gangni Upazila of Meherpur on Sunday. Director of the bank Md Anowar Hossain inaugurated the new branch as the chief guest while Managing Director and CEO Farman R. Chowdhury presided...

Omera teams up with Bangla Trac to launch propane-based generators

2023-12-18 00:00:00

Omera Petroleum Limited, the market leader in the LPG sector, and Bangla Trac Limited (BTL), the authorised dealer of Caterpillar INC. in Bangladesh under the brand name of BanglaCAT, have entered into an agreement to launch LPG-based generators that will...

Spot LNG prices slip on weak demand

2023-12-18 00:00:00

SINGAPORE, Dec 17 (Reuters): Asian spot liquefied natural gas (LNG) prices fell to a four-month low last week on the back of high inventories and weak demand in both Asia and Europe, despite a cold snap causing below-freezing temperatures across...

Kale Ceramics starts journey in BD

FE Report | 2023-12-18 00:00:00

Kale Ceramics, a Turkish manufacturer, started its journey in Bangladesh by launching the lightest porcelain tile 'Kalesinterflex' on Sunday. Europe's third largest ceramic manufacturer, Kale will now showcase its premier tile collections, including Kalesinterflex, Italian marble, and royal marble series,...

Govt tasks officials abroad with urgent onion mission

REZAUL KARIM | 2023-12-18 00:00:00

The government is exploring alternative markets apart from India for onion imports to keep supply and local prices of the bulb stable during the lean period from October to December each year, sources said.The Ministry of Commerce recently tasked commercial...

Weather (2023-12-18)

2023-12-18 00:00:00

Weather may remain dry with temporary partly cloudy sky over the country in the next 24 hours from 06:00 am today (Monday), according to the Met Office. The highest temperature in the country on Sunday was recorded at 30.6 degrees...

Prof Satya Prasad Majumder on behalf of university paid tributes to martyrs of Liberation War

2023-12-18 00:00:00

Bangladesh University of Engineering and Technology Vice-Chancellor Prof Satya Prasad Majumder on behalf of the university on Saturday paid tributes to the martyrs of the Liberation War by placing a wreath at the National Memorial in Savar on the occasion...

Two killed in Sylhet bike crash

2023-12-18 00:00:00

SYLHET, Dec 17 (UNB): Two men were killed in a head-on collision between their motorcycles on the Sylhet-Tamabil highway on Saturday night.The deceased were identified as Al-Amin, 25, resident of Shantinagar village of Gowainghat upazila, and Shakil Ahmed Imon, 30,...

BSF shoot two BD nationals dead on Chuadanga border

2023-12-18 00:00:00

CHUADANGA, Dec 17 (UNB): India's Border Security Force (BSF) shot two Bangladeshis were dead for allegedly entering the neighbouring country through the border in Darshana upazila of Chuadanga on Saturday night.The dead are Sajedur Rahman (27), son of Haider Ali,...

Why not policy for children living in condemned cell with mothers?

FE REPORT | 2023-12-18 00:00:00

The High Court (HC) on Sunday issued a rule asking the bodies concerned of the government to explain as to why the respondents should not be directed to enact a rule or policy or regulation for the children living in...

A book titled 'The Displaced Rohingyas: A Tale of a Vulnerable Community

2023-12-18 00:00:00

A book titled 'The Displaced Rohingyas: A Tale of a Vulnerable Community,' edited by Dr Sk Tawfique M Haque, Dr Bulbul Siddiqi, and Dr Mahmudur Rahman Bhuiyan was also unveiled at a national seminar on 'Dreams across the Sea: Unpacking...

Victory Day celebrated at home and abroad

2023-12-18 00:00:00

The nation celebrated Victory Day 2023 on Saturday, the most joyous December 16th when the country was born against the supreme sacrifice of three million martyrs and the honour of nearly half a million mothers and sisters, with elaborate programmes,...

Two-thirds of road crash victims die on way to hospitals

FE REPORT | 2023-12-18 00:00:00

Two-thirds of people injured in road accidents die on the way to hospitals mainly due to the lack of adequate emergency medical care in the country, said a study on Sunday.The first hour is critical for the medical care providers...