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President returns labour amendment bill for reconsideration

2023-12-06 00:00:00

President Md Shahabuddin has withheld assent to a bill amending the labour law and sent it back to parliament for reconsideration due to concerns over a new provision, reports bdnews24.com.The Bangladesh Labour (Amendment) Bill 2023 was passed by the legislature...

Road crashes killed 475, hurt 605 in Nov

FE REPORT | 2023-12-06 00:00:00

There took place a total of 566 road accidents in the country in the month of November, resulting in at least 475 deaths and 605 injuries, according to a report from Bangladesh Jatri Kalyan Samity (JKS). Additionally, there occurred 31...

Income inequality widening fast despite sharp fall in poverty rate

FE REPORT | 2023-12-06 00:00:00

Despite a sharp decline in the poverty rate since 2000, the income inequality is widening fast in the country, creating 'two societies in a society' having an opposite picture, eminent economist Dr Binayak Sen said Tuesday. "We don't have a...

42 aspirants appeal against ROs' decisions on first day

2023-12-06 00:00:00

A total of 42 aggrieved aspirants to contest in the 12 Jatiya Sangsad polls, including 26 independent ones, filed appeals with the Election Commission (EC) on the first day for , challenging the decisions of the returning officers, reports UNB.The...

14-party to contest JS polls with 'Boat': Inu

2023-12-06 00:00:00

Awami League (AL)-led 14-party alliance has decided to contest in the 12th Jatiya Sangsad polls from the coalition with AL's election symbol 'Boat', reports BSS. The decision was taken at a 14-party alliance meeting at its coordinator and spokesperson Amir...

AL denied permission for Dec 10 rally

2023-12-06 00:00:00

Awami League (AL) will not hold any rally on December 10 in Dhaka, marking International Human Rights Day, as the Election Commission (EC) did not give permission for the outdoor event, party General Secretary Obaidul Quader has said, reports UNB."We...

Stock-hungry volatility funds, 'gamma-heavy' options dealers could buoy US equities

2023-12-06 00:00:00

NEW YORK, Dec 5 (Reuters) : An epic rally in U.S. stocks has sent Wall Street's fear gauge to a post-pandemic low. Options strategists believe market gyrations may stay subdued for some time - potentially smoothing the way for further...

Apple warns India's EU-style charger rules will hit local production target

2023-12-06 00:00:00

NEW DELHI, Dec 5 (Reuters) : Apple (AAPL.O) has told India its local production targets will be hit if New Delhi follows the European Union and requires existing iPhones to have universal charging ports, a government document shows as the...

Asian, European markets drop as traders temper rate cut bets

2023-12-06 00:00:00

HONG KONG, Dec 5, 2023 (AFP) : Stocks fell Tuesday, extending the sell-off seen on Wall Street, with analysts warning November's rally fuelled by bets on interest rate cuts may have gone too far, forcing traders to take a step...

Al-Arafah Islami Bank opened 212th branch at Joypurhat

2023-12-06 00:00:00

Al-Arafah Islami Bank Ltd opened its 212th branch at Joypurhat on Tuesday. Farman R Chowdhury, MD & CEO of the bank, virtually inaugurated the new branch as chief guest. Deputy managing directors Shabbir Ahmed, Md. Shafiqur Rahman, Syed Masodul Bari,...

National Bank Ltd's 'Bishwarod' sub-branch started journey

2023-12-06 00:00:00

National Bank Ltd's 'Bishwarod' sub-branch officially started its journey on Tuesday. NBL Managing Director & CEO Md. Mehmood Husain inaugurated the sub-branch as chief guest.

Mercantile Bank PLC donated Tk 16 million to Bangladesh Agricultural University

2023-12-06 00:00:00

Mercantile Bank PLC donated Tk 16 million to Bangladesh Agricultural University for enhancing research. Md. Quamrul Islam Chowdhury, managing director & CEO of Mercantile Bank, and Prof Dr. Md. Zainul Abedin, dean, the Faculty of Agricultural Engineering & Technology, signed...

42nd board meeting of the Audit Committee of Modhumoti Bank held

2023-12-06 00:00:00

The 42nd meeting of the Audit Committee of the board of directors of Modhumoti Bank Ltd was held on Tuesday through Zoom. Shaikh Salahuddin, chairman of the Audit Committee and vice-chairman of the board of directors of the bank, and...

Snehasish Mahmud & Co emerges as champion

2023-12-06 00:00:00

The debating team of Snehasish Mahmud & Co. Chartered Accountants emerged as the champion of DRC-ICAB Inter-Firm Debate Competition 2023, says a press release. The grand finale of the competition was held at the CA Bhaban in Dhaka recently.CA students...

TCB sales drive for low-income families begins today

FE REPORT | 2023-12-06 00:00:00

The government is set to launch a sales drive of essential commodities for around 10 million low-income families countrywide today (Wednesday), sources said.Currently, the drive is run by the state-run Trading Corporation of Bangladesh (TCB) every month. Commerce Minister Tipu...

MJL Bangladesh to buy tanker to transport LPG

FE REPORT | 2023-12-06 00:00:00

MJL Bangladesh, one of the leading private lubricant marketers, plans to invest $32.5 million to purchase a newly-built tanker and provide rental services to private liquefied petroleum gas (LPG) companies.The tanker, with a capacity of 11,000 cubic meters, a unit...

Web Coats to raise Tk 50m, get listed on SME platform

FE REPORT | 2023-12-06 00:00:00

The stock market regulator has given its permission to Web Coats PLC to raise Tk 50 million through a qualified investors offer (QIO).The approval came on Tuesday at a meeting at the office of the Bangladesh Securities and Exchange Commission...

Bonds' hedging against high interest rates: Weak market comes in the way

FARHAN FARDAUS | 2023-12-06 00:00:00

Fixed-interest corporate bonds can offer a good defence to corporate entities against rising lending rates if the debt market infrastructure is improved. Borrowing costs have risen sharply for the last few months due to measures taken by the Bangladesh Bank...

HSBC wins CT Awards

2023-12-06 00:00:00

The Hongkong and Shanghai Banking Corporation Limited (HSBC) Bangladesh has been recognised as the best bank in two categories at the CorporateTreasurer (CT) Awards 2023.The categories are 'Best Cash Management Bank' and 'Best Transaction Bank', says a statement.HSBC's dedicated coverage,...

Nagad emerges as top VAT payer

2023-12-06 00:00:00

Nagad, the fastest-growing mobile financial service provider, has once again emerged as a top VAT depositor, says a press release.The National Board of Revenue (NBR) has declared Nagad Limited as one of the top VAT-paying companies in the country for...

ICC Bangladesh Banking Commission Chairman Muhammad A. (Rumee) Ali (centre) chaired the closing session of the ICC Workshop

2023-12-06 00:00:00

ICC Bangladesh Banking Commission Chairman Muhammad A. (Rumee) Ali (centre) chaired the closing session of the ICC Workshop on 'Settlement of Documentary Credit Disputes through ADR: Review of ICC Arbitration & DOCDEX Cases' and distributed certificates among the participants of...

Experts push for crafting circular economy strategy

FE REPORT | 2023-12-06 00:00:00

Cumbersome regulatory hurdles and a lack of access to finance, among others, are the policy gaps that bar Bangladesh's transition to a circular economy.Informality of waste collection, lack of quality of collected post-industrial waste, limited technological capacity and infrastructure are...

Pakistan women clinch maiden T20 series win against New Zealand

2023-12-06 00:00:00

Pakistan women's cricket team created history in Dunedin on Tuesday by edging past New Zealand women and securing their first-ever series win against the White Ferns, according to Pakistani Tv channel Geo Tv.New Zealand women had a record of 8-0...

Tigers eye first-ever Test series win over New Zealand

2023-12-06 00:00:00

Bangladesh brimmed with confidence to seal its first ever series victory against New Zealand in the longer format as they take on the visitors in the second and final Test at Sher-e-Bangla National Cricket Stadium today (Wednesday), report agencies.The match...

Gold price rally loses steam

2023-12-06 00:00:00

Gold prices edged lower on Tuesday, trading $100 below the record high level hit in the last session, as the dollar held firm and investors awaited more US economic data this week that could influence the Federal Reserve's rate outlook,...

YADIA E-SCOOTER LAUNCHED

2023-12-06 00:00:00

Yadia e-scooter was launched at a grand ceremony at the Head Office of Runner Group on Tuesday. Currently, the brand offers two models --'Yadia T-Five' and 'Yadia M-Six'. Runner Automobiles is the sole distributor of Yadia e-scooter in Bangladesh. Runner...

Oil prices steady on OPEC+ cut uncertainty and ME tension

2023-12-06 00:00:00

London, Dec 5 (Reuters): Oil prices were little changed on Tuesday against a backdrop of uncertainty over voluntary output cuts by the OPEC+ group of producers, tensions in the Middle East and some encouraging economic signals in Europe.Brent crude futures...

Ctg, Tangail road crashes kill four

2023-12-06 00:00:00

Four persons were killed in separate road accidents in Chattogram and Tangail districts on Tuesday and Monday night, report agencies.In Chattogram, two people have died and another has been injured after a head-on collision between two trucks in Chattogram district.The...

Gowainghat Health Complex limping with inadequate staff

OUR CORRESPONDENT | 2023-12-06 00:00:00

SYLHET, Dec 05. Medicare service at the frontier Gowainghat Upazila Health Complex in Sylhet has been hamstrung by a severe shortage of staff, including physicians, for a long time. The authorities have recently restarted X-ray, ultrasonography and other services, but...

Make efforts to retain GSP facility

2023-12-06 00:00:00

We rely heavily on the European Union for apparel exports. According to the EU data, Bangladesh's exports to the economic bloc stood 23.9 billion euro in 2022, which was 53.5 per cent higher compared with 2021. However, a recently published...