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BD focuses on solar-based initiatives to promote renewable energy

2023-12-05 00:00:00

State Minister for Power, Energy and Mineral Resources Nasrul Hamid said that Bangladesh has been focusing on small initiatives such as rooftop solar, floating solar and solar irrigation in promoting renewable energy alongside larger projects, reports UNB."The government sets a...

Dr Mohammad Ashik Mosaddik joins EWU as new pro-VC

2023-12-05 00:00:00

Professor Dr Ashik Mosaddik joined as the new Pro-Vice-Chancellor of the East West University (EWU) on Monday, reports UNB.President Mohammed Shahabuddin, the Chancellor of the University, appointed him for the next four years. Professor Mosaddik previously served as Pro-Vice-Chancellor of...

General SM Shafiuddin Ahmed inaugurating the induction ceremony of UCAV

2023-12-05 00:00:00

Chief of Army Staff General SM Shafiuddin Ahmed inaugurating the induction ceremony of Unmanned Combat Aerial Vehicle (UCAV) at the Aviation Forward Base under the Army Aviation Group at Patenga in Chattogram on Monday — ISPR

‘Investing for children, women can give lifelong returns’

2023-12-05 00:00:00

Fisheries and Livestock Secretary Dr Nahid Rashid on Monday said investing in children and women can give lifelong returns, reports UNB."Previously, there was no mention of 'nutrition' in the National Fisheries Policy, but thanks to Suchana we have now included...

50 structures removed from road leading to tunnel at Anwara end

OUR CORRESPONDENT | 2023-12-05 00:00:00

CHATTOGRAM, Dec 4: A mobile court conducted today an eviction operation, dismantling illegal structures encroaching upon the road leading to the Bangabandhu Sheikh Mujibur Rahman Tunnel in Anwara, Chattogram. Anwara Upazila's Executive Magistrate and Upazila Assistant Commissioner (Land), Abdullah Al-Mumin,...

Home secy, IG prisons offer apology

FE REPORT | 2023-12-05 00:00:00

The security services division secretary of home ministry and the inspector general of prisons have tendered an unconditional apology to the apex court for not complying with its order.Secretary Md Abdullah Al Masud Chowdhury and IG Prisons Brig Gen ASM...

Sharp fall in reg: NBR cuts land tax further

FE REPORT | 2023-12-05 00:00:00

The National Board of Revenue (NBR) has further slashed land tax for peripheral areas following a significant decline of registration due to an escalated tax burden.Tax ceiling on land per katha will be reduced by Tk 30,000, thanks to the...

RPO clause on fresh retirees to run for polls stands: HC

FE REPORT | 2023-12-05 00:00:00

The High Court (HC) has declared valid a provision of the Representation of the People Order (RPO) 1972 related to a retired government service-holder's participation in parliamentary polls.The provision bars a retiree from standing for a general election unless a...

Rizvi, Aman among 45 BNP men indicted in case filed 8 yrs ago

2023-12-05 00:00:00

A Dhaka court has framed charges against 45 leaders and activists of BNP including its Senior Joint Secretary General Ruhul Kabir Rizvi and Dhaka Metropolitan North Convenor Amanullah Aman Amanullah Aman in a sabotage case filed with Mohammadpur thana eight...

AL not worried about voter turnout: Quader

2023-12-05 00:00:00

Awami League (AL) is not worried about voter turnout in the upcoming national elections slated for January 7, party's general secretary Obaidul Quader has said, report agencies."The voters will resist those who will try to obstruct and foil the election,"...

HC to hear Fakhrul's bail petition on Dec 7

FE REPORT | 2023-12-05 00:00:00

The High Court (HC) has set December 7 for hearing the bail petition placed by BNP Secretary General Mirza Fakhrul Islam Alamgir in connection with a case filed over the attack on the residence of the Chief Justice in the...

BNP’s 10th round of blockade from tomorrow

FE REPORT | 2023-12-05 00:00:00

The Bangladesh Nationalist Party (BNP) declared a further 48-hour blockade, scheduled to begin at 6:00 am tomorrow (Wednesday), as part of their one-point demand for the government's resignation.It will be the 10th round of the blockade programme of the opposition...

Death anniv of Shaheed Suhrawardy today

FE DESK | 2023-12-05 00:00:00

The 60th death anniversary of Huseyn Shaheed Suhrawardy, the champion of democracy and one of the greatest leaders of undivided India, will be observed across the country today (Tuesday), The unparalleled leader of all Indian politics died at a Beirut...

Leaders of 14-party alliance led by coordinator Amir Hossain Amu greet Prime Minister Sheikh Hasina

2023-12-05 00:00:00

Leaders of 14-party alliance led by its coordinator Amir Hossain Amu greet Prime Minister Sheikh Hasina with a bouquet before start of the alliance meeting at Ganobhaban in the city on Monday as she received Asia Climate Mobility Champion Leader...

Toyota plans to expand battery EV line-up in Europe to 6 models by 2026

2023-12-05 00:00:00

TOKYO, Dec 4 (Reuters): Toyota Motor (7203.T) said on Monday it would increase its line-up of battery electric vehicles in Europe to six models by 2026 and it expected such vehicles to make up more than 20% of new car...

McDonald's raises China bet, bucking Western firms' derisking trend

2023-12-05 00:00:00

SHANGHAI, Dec 4 (Reuters): The decision by McDonald's (MCD.N) to take greater control of its China business and expand aggressively in the face of a consumer slowdown and geopolitical tensions seems risky - but the potential pay-off is great, analysts...

India's Nifty, Sensex touch new highs on key wins for the BJP

2023-12-05 00:00:00

BENGALURU, Dec 4 (Reuters): Financial and energy stocks led Indian shares to new all-time highs on Monday as key wins for the ruling party in state elections lifted the domestic market, already boosted by strong macroeconomic data and easing global...

Spotify to cut 1,500 jobs

2023-12-05 00:00:00

STOCKHOLM, Dec 4 (Reuters): Music streaming giant Spotify said on Monday that it will lay off around 1,500 employees, or 17 per cent of its workforce, to bring down costs, after letting 600 of its staff go in January, and...

NABI ULLAH ELECTED CHAIRMAN OF MERCANTILE ISLAMI INS

2023-12-05 00:00:00

Mercantile Islami Insurance PLC held the 221st meeting and election of its Board of Directors recently at the Head Office of the company. The meeting unanimously elected Md Nabi Ullah as chairman of the company, re-elected AM Ershad Chowdhury as...

ADN TELECOM HOLDS 20TH AGM

2023-12-05 00:00:00

The 20th Annual General Meeting (AGM) of ADN Telecom Limited, a leading company in the information technology and telecommunication sector, was held on Monday virtually, with Asif Mahmood, Chairman of the Board of Directors of the company, in the chair....

Southeast Bank signed Master Trade Loan agreement with Commercial Bank of Dubai PSC

2023-12-05 00:00:00

Southeast Bank has recently signed a Master Trade Loan agreement with Commercial Bank of Dubai PSC at the bank's head office. Under this agreement, Commercial Bank of Dubai will provide trade loans to Southeast Bank for its offshore banking operations....

Dhaka Bank received ''Excellence in Mastercard Business (Innovation) 2022-23' award

2023-12-05 00:00:00

Mr. Emranul Huq, managing director & CEO of Dhaka Bank limited, received the ''Excellence in Mastercard Business (Innovation) 2022-23' award at a ceremony recently held at Radisson Blu, Dhaka. The award ceremony was graced by Dr. Atiur Rahman, former governor...

Climate finance takes centre stage at COP28 climate talks

2023-12-05 00:00:00

DUBAI, Dec 4 (Reuters): Money pledges grabbed the spotlight again at COP28 in Dubai on Monday as delegates turned their focus to the yawning gap in the need for climate finance and what's on offer.The United Arab Emirates, the host...

Nestle’s leading participation in FICCI 60 Years' Celebration & Investment Expo

2023-12-05 00:00:00

Nestle Bangladesh, the Swiss-originated food and beverage company, has been serving as a beacon for foreign investors in Bangladesh for the last 30 years. Recently, the organisation had a leading participation in the 'FICCI 60 Years Celebration & Investment Expo...

EBL receives 'Bank of the Year 2023' award

2023-12-05 00:00:00

Eastern Bank (EBL) has been awarded ''Bank of the Year 2023" of Bangladesh by the renowned London-based international financial analysis and intelligence publication, The Banker. EBL becomes the first local bank to receive the coveted award for the third time.This...

Many stocks to become junk as Covid-induced rules will go

FE REPORT | 2023-12-05 00:00:00

A good number of stocks are going to be downgraded to Z category from February 28 next year for failing to give dividend to shareholders on a yearly basis.Companies unable to hold annual general meetings on time and out of...

Eye-catching performance of stocks in bearish market

BABUL BARMAN | 2023-12-05 00:00:00

Some low-performing stocks have been flying high on the Dhaka Stock Exchange (DSE) in the last few months without any reason for investors to be keen on betting their money on those.Most of these small-cap companies have not paid dividends...

Tesla's China-made EV sales drop 17.8pc in Nov

2023-12-05 00:00:00

BEIJING/SHANGHAI, Dec 4 (Reuters): Sales of US automaker Tesla's China-made electric vehicles (EVs) skidded 17.8 per cent in November from the same month a year earlier, to 82,432 cars, China Passenger Car Association (CPCA) data showed on Monday.That marked the...

Record US oil output challenges Saudi mastery

2023-12-05 00:00:00

LONDON, Dec 4 (Reuters): US crude oil production set a record for the second month running in September, highlighting the challenge to Saudi Arabia and its OPEC? partners as they cut their own production to boost prices.Repeated OPEC? output cuts...

UAE signs deal with Bill Gates' nuclear company on advanced reactors

2023-12-05 00:00:00

DUBAI, Dec 4 (Reuters): Bill Gates' advanced nuclear reactor company TerraPower LLC and the United Arab Emirates' state owned nuclear company ENEC said on Monday they have agreed to study the potential development of advanced reactors in the UAE and...