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Asia Cup 2025 likely to commence on Sept 5

2025-07-03 00:00:00

As cricket fans are eagerly waiting for the schedule of Asia Cup 2025, it has come to light that the tournament is likely to commence on September 05 with the high-voltage clash between Pakistan and India due on September 07...

Bangladesh edge closer to final round after defeating Myanmar

2025-07-03 00:00:00

The Bangladesh Women's Football Team moved within touching distance of their first-ever final round appearance in the AFC Women's Asian Cup defeating hosts Myanmar 2-1 in a hard-fought Group C encounter at Yangon's Thuwunna Stadium on Wednesday afternoon, reports UNB.Ritu...

Mamdani confirmed as Democratic candidate for NY mayor

2025-07-03 00:00:00

NEW YORK, July 02 (AFP): Rising star of the American left Zohran Mamdani is now officially the Democratic candidate for mayor of New York City, according to official primary election results released Tuesday.The 33-year-old self-declared democratic socialist defeated his nearest...

US halts some missile shipments to Ukraine

2025-07-03 00:00:00

NEW YORK, July 02 (Reuters): The Pentagon has halted some shipments of air defence missiles and other precision munitions to Ukraine over concerns that US stockpiles are too low, two people familiar with the decision said on Tuesday.The slowing of...

Iran to suspend coop with UN nuclear watchdog

2025-07-03 00:00:00

DUBAI, July 02 (AP): Iran's president on Wednesday ordered the country to suspend its cooperation with the International Atomic Energy Agency after American and Israeli airstrikes hit its most-important nuclear facilities, likely further limiting inspectors' ability to track Tehran's program...

Trump's truce statement raises hopes in Gaza

2025-07-03 00:00:00

GAZA, July 02 (Reuters): Word from US President Donald Trump that Israel has agreed to the conditions needed to finalise a 60-day ceasefire in Gaza raised hopes on Wednesday in the enclave, where health officials said at least 20 people...

Gold edges higher ----

2025-07-03 00:00:00

Gold prices edged higher on Wednesday as investors shifted their focus to the US fiscal situation and lingering uncertainty ahead of the July 9 deadline for US tariffs to take effect, reports Reuters.Spot gold was up 0.1 per cent at...

India renewable power output grows at fastest pace in 3 yrs

2025-07-03 00:00:00

BENGALURU/SINGAPORE, July 2 (Reuters): India's renewable power output rose at its fastest pace since 2022 in the first half of 2025, a Reuters analysis of government data showed.Renewable power output jumped 24.4 per cent to 134.43 billion kilowatt hours (kWh)...

Oil rises as Iran suspends cooperation with UN nuclear watchdog

2025-07-03 00:00:00

LONDON, July 2 (Reuters): Oil futures edged up on Wednesday as Iran suspended cooperation with the U.N. nuclear watchdog and markets weighed expectations of more supply from major producers next month while the US dollar softened further.Brent crude added 92...

Trump threatens Japan with up to 35pc tariff ahead of deadline

2025-07-03 00:00:00

WASHINGTON, July 2 (AFP): US President Donald Trump said Tuesday a trade deal with Japan was unlikely before the July 9 deadline, threatening to raise tariffs on Japanese imports to 30 or 35 percent.Speaking to reporters aboard Air Force One,...

NRBC Bank Holds Audit Committee Meeting

2025-07-03 00:00:00

The 62nd meeting of the Audit Committee of the Board of Directors of NRBC Bank PLC was held at the bank's head office in Dhaka on Tuesday. Muhammad Emdad Ullah, Independent Director and Chairman of the Audit Committee, presided over...

Bengal Commercial Bank holds 5th Annual General Meeting

2025-07-03 00:00:00

Bengal Commercial Bank held its 5th Annual General Meeting (AGM) at a hotel in Dhaka recently. Md Jashim Uddin, Chairman of the Board of Directors of the bank and President of SAARC Chamber of Commerce & Industry (SCCI), presided over...

Al-Arafah Islami Bank Awards Remittance Campaign Winners

2025-07-03 00:00:00

Al-Arafah Islami Bank organised a prize-giving ceremony as part of its Eid-ul-Azha Remittance Campaign 2025 to encourage remittance inflow through legal channels. The ceremony was held at the bank's head office in Dhaka on Wednesday. Managing Director (Current Charge) of...

Four commercial ships arrive at Mongla Port

2025-07-03 00:00:00

KHULNA, July 2 (BSS): Mongla Port saw the simultaneous docking of four foreign commercial ships Tuesday night, the first day of the 2025-26 fiscal year, carrying huge imported goods.Md Makruzzaman, deputy director of Public Relations of Mongla Port Authority (MPA),...

Summit Meghnaghat I & II Power Cos get new MD

2025-07-03 00:00:00

Summit Group has appointed Md Reaz Uddin as the Managing Director and Chief Executive Officer (CEO) of Summit Meghnaghat I Power Company Limited and Summit Meghnaghat II Power Company Limited, says a statement. Summit Meghnaghat I is a joint venture...

BRAC Bank to provide cash management solutions to Walton Digi-Tech

2025-07-03 00:00:00

BRAC Bank has partnered with Walton Digi-Tech, a leading electrical and electronics manufacturer in Bangladesh, to provide advanced cash management solutions.The collaboration aims to streamline Walton's working capital and enhance financial operations, says a statement.BRAC Bank will offer a customised...

FBCCI election deferred

2025-07-03 00:00:00

The Ministry of Commerce has deferred the election to the Board of Directors of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) for the 2025-26 and 2026-27 terms by another 45 days, reports BSS.In line with that timeframe,...

Passengers can bring one new mobile phone without duty

2025-07-03 00:00:00

All incoming passengers will be allowed to bring one new mobile phone in a year without paying any duty as the National Board of Revenue (NBR) has issued new baggage rules, reports UNB.Besides, expatriate Bangladeshis who hold BMET cards issued...

BD clears all dues to Adani Power

2025-07-03 00:00:00

Bangladesh has cleared all outstanding dues to India's Adani Power, making a one-time payment of $437 million in June for electricity imports.Officials familiar with the matter told UNB that the payment covers all receivables owed to Adani Power up to...

Tesla's China-made EV sales see first rise in 9 months

2025-07-03 00:00:00

BEIJING, July 2 (Reuters): Tesla's sales of its China-made electric vehicles edged up 0.8 per cent in June from a year earlier, snapping an eight-month losing streak, but they continued to fall on a quarterly basis in the face of...

China's Alibaba launches e-commerce subsidies of $7b in consumption boost

2025-07-03 00:00:00

BEIJING, July 2 (AFP): The online retail platform of Chinese tech giant Alibaba announced Wednesday that it will issue $7 billion in subsidies for certain purchases, providing a much-needed boost for a country struggling with sluggish spending. Taobao, China's e-commerce...

SONY CONGRATULATES NEWLY ELECTED COMPUTER SAMITY PRESIDENT

2025-07-03 00:00:00

Mohammad Zahirul Islam, Managing Director of Smart Technologies (BD) Limited, has taken over as the newly elected president of the Executive Committee of Bangladesh Computer Samity (BCS) for the term of 2025-27. Sony, the world-renowned Japanese electronics brand, has congratulated...

NRB BANK HOSTS SME GROWTH PARTNERSHIP PROGRAMME

2025-07-03 00:00:00

Ashulia Branch of NRB Bank PLC has successfully organised the SME Growth Partnership Programme recently, marking the International MSME Day. Tarek Reaz Khan, Managing Director & CEO of NRB Bank, Shaheen Howlader, Deputy Managing Director, A M Zahed, Head of...

PUBALI BANK GIFTS AMBULANCE TO NSTU

2025-07-03 00:00:00

Pubali Bank gifted an ambulance to Noakhali Science and Technology University as part of the bank's corporate social responsibility (CSR) initiative. As the chief guest of the programme, Mohammad Ali, managing director and CEO of Pubali Bank, handed over the...

NCC BANK HOLDS 40TH AGM, APPROVES 13PC CASH DIVIDENDS

2025-07-03 00:00:00

National Credit and Commerce (NCC) Bank approved 13 per cent cash dividends for 2024 at its 40th annual general meeting (AGM) held on a digital platform on Wednesday. NCC Bank Chairman Alhaj Md. Nurun Newaz presided over the meeting. A...

Republic Insurance gets new Chairman

2025-07-03 00:00:00

Dr Suborna Barua, a professor at the Department of International Business, Dhaka University, has been elected Chairman of the Republic Insurance Company Limited while SM Shafiul Hoque has been re-elected as its Vice Chairman in the 159th meeting of the...

Oil production suspension to have little impact on Rahima Food revenue

FE REPORT | 2025-07-03 00:00:00

Rahima Food Corporation has suspended coconut oil production due to low market demand, without concerns over impacts on revenue as the segment constitutes less than 1 per cent of the company's sales. "We will have an insignificant impact on revenue,...

Online cattle sales jump 125pc as buyers embrace digital payments during Eid

SAJIBUR RAHMAN | 2025-07-03 00:00:00

Online cattle trading through commercial banks and mobile financial services (MFSs) saw a 125.3 per cent rise during this year's Eid-ul-Adha compared to that of last year with a growing number of buyers and traders preferring such hassle and risk-free...

Citizens Bank eyes CMSME growth, financial inclusion and digital transformation

SIDDIQUE ISLAM | 2025-07-03 00:00:00

Citizens Bank PLC, the country's newest private commercial bank (PCB), plans to offer a range of loan and deposit products aimed at bringing more unbanked people into the banking network while ensuring full compliance with regulatory requirements, said Chowdhury Mohammed...

IDRA to investigate 17 general insurers in disciplinary crackdown

BABUL BARMAN | 2025-07-03 00:00:00

Seventeen non-life insurance companies will also undergo special audits as the regulator has identified them as high-risk after a similar measure taken for poorly-regulated life insurance companies. The Insurance Development and Regulatory Authority (IDRA) has already appointed auditors to 15...