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Pubali Bank organised "Annual Risk Conference -2023"

2023-12-11 00:00:00

Pubali Bank organised "Annual Risk Conference -2023" recently at its head office. Mohammad Ali, MD & CEO of Pubali Bank, inaugurated the programme. Md. Zabdul Islam, director, department of offsite supervision Bangladesh Bank; deputy managing directors of Pubali Bank --...

Mercantile Bank signed an agreement Bangladesh Bank-Long Term Financing Facility, with the central bank

2023-12-11 00:00:00

Mercantile Bank signed an agreement, Bangladesh Bank-Long Term Financing Facility, with the central bank. Md. Quamrul Islam Chowdhury, managing director and CEO of Mercantile Bank, and Liza Fahmida, director of the financial sector support and strategic planning department of the...

122nd EC meeting of Modhumoti Bank held virtually

2023-12-11 00:00:00

The 122nd meeting of the executive committee of Modhumoti Bank Limited was held virtually on Saturday. The meeting was presided by committee chairman, barrister Sheikh Fazle Noor Taposh. Among others, Managing Director of Sharmin Group Mr. Mohammad Ismail Hossain, Chairman...

S Arabia, Hong Kong sign deal to boost direct investment

2023-12-11 00:00:00

RIYADH, Dec 10 (Arab News): Direct investment opportunities between Saudi Arabia and Hong Kong are set to grow after a new agreement was inked.A memorandum of understanding focusing on greater cooperation across funding avenues was signed in the Asian city...

Farmers use discarded plastic bottles to grow crops

2023-12-11 00:00:00

A unique initiative of growing crops using disposed plastic bottles has been introduced in Bangladesh recently. Meghna Group of Industries (MGI), one of the leading conglomerates of Bangladesh, has taken the initiative as part of their corporate social responsibility in...

Saif Powertec to expand into trading, farming

FE REPORT | 2023-12-11 00:00:00

Saif Powertec is going to form a subsidiary -- Innovative Logistics & Shipping -- in order to branch out into trading in commodities and farming. The country's lone terminal operator set Tk 25.50 million as initial investment for the business...

Deshbandhu Group's merger plan elicits scepticism for lack of data

FARHAN FARDAUS | 2023-12-11 00:00:00

Deshbandhu Group, one of the largest conglomerates in the country, is set to merge publicly-traded Deshbandhu Polymer with its three other non-listed companies for what it says is strengthening of fundamentals. According to a disclosure on Sunday, the merger scheme...

Biotech firm utilises hemp to boost sustainability

2023-12-11 00:00:00

CAIRO, Dec 10 (Arab News): Saudi-based biotech startup Green Desert SA is aiming to boost the Kingdom's sustainability with a fresh line of industrial hemp products.Founded in 2020 by Abdulhadi Al-Amer and Lucas Dietrich, GD was built on the foundation...

US jobless rate falls to lowest level

2023-12-11 00:00:00

WASHINGTON, Dec 10 (BBC): Jobs growth in the US was stronger than expected last month, in part boosted as striking workers in Hollywood and the car industry returned to work.Employers added 199,000 jobs in November, the Labor Department said.That helped...

Australia to hike fees on foreign owners of empty homes

2023-12-11 00:00:00

SYDNEY, Dec 10 (AFP): Australia will impose a dramatic rise in fees on foreign buyers of existing homes who leave them empty, the government said Sunday as it tries to ease a rental crisis.The centre-left Labour government said it would...

Nvidia CEO aims to set up a base in Vietnam

2023-12-11 00:00:00

HANOI, Dec 10 (Reuters): Nvidia wishes to establish a base in Vietnam to develop the country's semiconductor industry as it considers the Vietnamese market an important one, the Vietnamese government said, citing the US chipmaker's chief executive.In his first visit...

COP28 pledges so far not enough to limit warming to 1.5C: IEA

2023-12-11 00:00:00

DUBAI, Dec 10 (Reuters): A raft of new pledges announced at the COP28 climate summit -- from tripling renewables to reining in methane emissions -- won't be enough on their own to limit global warming to 1.5 degrees Celsius, the...

LAFARGEHOLCIM GETS HIGHEST VAT PAYER AWARD

2023-12-11 00:00:00

LafargeHolcim Bangladesh Limited (LHBL) has been recognised for its highest VAT payment at source in Sylhet division. Mohammad Iqbal Chowdhury, CEO of LafargeHolcim, received the highest VAT payer award from Dr Moinul Khan, Member of the National Board of Revenue,...

BKASH HIGHEST VAT PAYER IN SERVICE SECTOR

2023-12-11 00:00:00

For the 2nd time in a row, bKash has been honoured by the National Board of Revenue (NBR) as the highest VAT payer in the service sector at the national level for fiscal year 2021-22. Kamal Quadir, Chief Executive Officer...

SBAC BANK HOLDS ANNUAL RISK CONFERENCE

2023-12-11 00:00:00

South Bangla Agriculture and Commerce (SBAC) Bank Limited held its Annual Risk Conference 2023 at its Training Institute at the bank's Head Office on Saturday. Mohammad Nazmul Huq, Chairman of Risk Management Committee & Director of the Board, was present...

BERC chairman visits Omera LPG terminal, LPG Ship

FE REPORT | 2023-12-11 00:00:00

Bangladesh Energy Regulatory Commission (BERC) Chairman Md Nurul Amin and top commission officials visited Omera Petroleum Limited LPG Terminal and Omera LPG Ship located in Mongla, Bagerhat. This visit was a testament to BERC's commitment to overseeing and ensuring the...

Microsoft-OpenAI tie-up under antitrust scrutiny

2023-12-11 00:00:00

WASHINGTON, Dec 10 (Reuters): Microsoft's partnership with ChatGPT maker OpenAI is under US and UK antitrust scrutiny, the British regulator and a media report said on Friday, following the startup's boardroom battle that led to the sudden ouster and return...

StanChart to finance floating hospital JibonKheya

2023-12-11 00:00:00

Standard Chartered Bangladesh will finance JibonKheya, a floating hospital, in order to provide healthcare support and essential medical services to over 10,000 beneficiaries char and river bank-based community members, says a statement.An agreement was signed between Standard Chartered Bangladesh and...

Govt working on expansion of renewable energy: Hamid

2023-12-11 00:00:00

State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said that increasing the number of electric vehicles will reduce carbon emissions significantly, reports UNB."Moreover, the engine efficiency of electric vehicles is higher than that of fuel oil-run vehicles....

Commodities traders vow to protect South American grasslands

2023-12-11 00:00:00

DUBAI, Dec 10 (Reuters): Eight of the world's top commodities traders have pledged to stop buying soy from farms that ruin South American grasslands, adding to previous commitments to shun growers that clear forests, a sector group said on Saturday...

US drillers add oil and gas rigs for fourth week in a row

2023-12-11 00:00:00

US energy firms last week added oil and natural gas rigs for a fourth week in a row for the first time since November 2022, energy services firm Baker Hughes said in its closely followed report on Friday, reports Reuters.The...

No Santos player will wear Pelé's No. 10 until the club return to Serie A

2023-12-11 00:00:00

SAO PAULO, Dec 10 (AP): No player of Brazil's Santos team will wear the number 10 jersey made globally famous by the late Pelé as long as the club plays in the country's second division, the new club president said...

BBL game abandoned because of unsafe pitch

2023-12-11 00:00:00

The men's Big Bash League game between Melbourne Renegades and Perth Scorchers was abandoned on Sunday after just 41 deliveries because of an unsafe pitch, according to BBC Sports.The Scorchers were 30-2 in Geelong when the umpires stopped play to...

IUB emerge div champions in Autumn Collegiate Chess League 2023

2023-12-11 00:00:00

The IUB chess team, known as Team IUB Mittens, emerged as the division champion in the Autumn Collegiate Chess League 2023, says a press release. The event is hosted by online platform for playing chess named 'Chess.com' and sponsored by...

Villa beat Arsenal to spark unlikely Premier League title bid

2023-12-11 00:00:00

BIRMINGHAM, United Kingdom, Dec 10 (AFP): Aston Villa closed to within two points of the top of the Premier League as John McGinn's goal beat title rivals Arsenal 1-0 on Saturday.Unai Emery's men have now won 15 consecutive Premier Leagues...

West Indies win first ODI series against England in 16 years

2023-12-11 00:00:00

BRIDGETOWN, Barbados, Dec 10 (AFP): A dream debut by Matthew Forde helped guide the West Indies to a series-clinching four-wicket win over England in the decisive third and final match of their One-Day International series at Kensington Oval in Barbados...

Social resistance a must to end HR violation, injustice

2023-12-11 00:00:00

There is no other alternative but to forge social resistance to prevent violation of human rights (HR) and injustice, speakers told discussions in different districts marking the International Human Rights Day on Sunday, reports BSS.In Manikganj, this year's theme of...

Two die as car hits road divider in Gazipur

2023-12-11 00:00:00

Two people were killed when a private car overturned after colliding with a road divider on the Dhaka-Tangail highway in Gazipur, reports UNB.The deceased were identified as Abu Taher, 45, hailing from Noakhali's Sonaimuri upazila, and Ibrahim, 36, from Laxmipur...

Six commuter trains to be put into operation on Jan 1

2023-12-11 00:00:00

KHULNA, Dec 10 (UNB): Three pairs of commuter trains will be put into operation on the Jashore-Khulna-Mongla route on January 1, 2024 in order to improve transportation for residents of the southern districts of Khulna and Jashore. The information was...

Fog cuts off ferry services on Padma for eight hours

2023-12-11 00:00:00

GOALUNDO, Dec 10 (Agencies): Dense fog halted plying of ferries for eight and a half hours on the Daulatdia-Paturia route of the Padma River from Saturday midnight.Services resumed around 9:30 am on Sunday after the fog cleared, according to Shah...