FE Today Logo

Search results for:


General Waker-Uz-Zaman and Air Force Chief Air Marshal Hasan Mahmood Khan confer the rank of Major General on Mahbubus Samad Chowdhury

2024-08-23 00:00:00

Bangladesh Army Chief General Waker-Uz-Zaman and Air Force Chief Air Marshal Hasan Mahmood Khan confer the rank of Major General on Mahbubus Samad Chowdhury at the State Guest House Jamuna in Dhaka in the presence of Chief Adviser of the...

BFIU freezes Mustafa Kamal, Tipu Munshi's bank accounts

2024-08-23 00:00:00

The Bangladesh Financial Intelligence Unit (BFIU) on Thursday asked banks to freeze the accounts of former finance minister AHM Mustafa Kamal, former commerce minister Tipu Munshi and their family members.The BFIU also sought details of their bank transactions along with...

Graft probe against Salman, Bipu and Palak initiated

FE REPORT | 2024-08-23 00:00:00

The Anti-Corruption Commission (ACC) has launched inquiries into allegations of accumulating illegal wealth through corruption against former state ministers Zunaid Ahmed Palak and Nasrul Hamid Bipu.Besides, the anti-graft watchdog has decided to investigate similar allegations against Salman F Rahman, the...

Rashed Khan Menon arrested

2024-08-23 00:00:00

The Dhaka Metropolitan Police arrested Workers Party President Rashed Khan Menon from Dhaka's Gulshan area on Thursday, reports UNB.DMP, however, did not disclose details regarding the arrest.Earlier, a case was filed with a Dhaka court against Menon for making defamatory...

Editors' Council for quick trial

FE REPORT | 2024-08-23 00:00:00

The Editors' Council has demanded that charge be framed and trial be completed immediately in the journalist couple Sagar-Runi murder case.In February 2012, Machranga TV news editor Sagar Sarwar and ATN Bangla senior reporter Meherun Runi were brutally murdered in...

Mintoo chairman, Moazzam vice-chair

FE REPORT | 2024-08-23 00:00:00

Sponsor-directors Abdul Awal Mintoo and Moazzam Hossain have been elected chairman and vice-chairman respectively of the trouble-torn National Bank Ltd.They were elected unanimously at the 505th meeting of the board of directors of the bank on Thursday.The Bangladesh Bank dissolved...

FBCCI delegation meets Army Chief

2024-08-23 00:00:00

A delegation from the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), led by its president Mahbubul Alam, paid a courtesy visit to Army Chief General Waker-uz-Zaman at the Army Headquarters on Thursday.The business leaders requested the support of...

Retail VAT collection flops on EFD setback

DOULOT AKTER MALA | 2024-08-23 00:00:00

Collection of VAT falters as the revenue authority may discard its plan to install Electronic Fiscal Device (EFD) in retail outlets countrywide following alleged noncompliance by the third-party contractor.This happens to be a second time in a row the National...

Briefing 2024-08-23

2024-08-23 00:00:00

Prayer Timings (2024-08-23)

2024-08-23 00:00:00

Two more murder cases against Hasina

2024-08-23 00:00:00

Two more cases were filed against deposed prime minister Sheikh Hasina on Thursday.One of the cases was filed against 47 people, including ousted prime minister Sheikh Hasina, over the killing of hawker Md Shahabul Islam alias Shaon in Baipail area...

UN team in city to discuss modalities of probe

FE REPORT | 2024-08-23 00:00:00

A three-member UN team arrived in Dhaka on Thursday to discuss the modalities of a UN investigation into the killings and atrocities that occurred during the student protests."I'm visiting with a small team this week to hold some preliminary, exploratory...

Nagad's digital banking licence suspended

FE REPORT | 2024-08-23 00:00:00

Bangladesh Bank (BB) on Thursday suspended the digital banking licence it earlier awarded to Nagad Limited until the company passes a fresh review of the licencing procedure. The development comes a day after the central bank appointed an administrator and...

BB resets Islami Bank board

FE REPORT | 2024-08-23 00:00:00

The Bangladesh Bank (BB) has formed a new board for Islami Bank, the country's largest private banking network, following the ouster of the controversial S Alam Group from the bank's control.On Thursday, the central bank dissolved the previous board of...

Five tycoons fall under crackdown on tax delinquents

FE REPORT | 2024-08-23 00:00:00

Five bigwigs initially fall under a crackdown on tax delinquents as the NBR Central Intelligence Cell Thursday sent letters to all financial institutions for furnishing their bank-account information and other financials.In the lineup are Salman F Rahman of Beximco group,...

CA proposes high-level coordination body on flood emergencies

FE REPORT | 2024-08-23 00:00:00

Interim government Chief Adviser Prof Dr Muhammad Yunus has said Bangladesh is looking for more cooperation on shared rivers and waters with India, as a cataclysmic flood hit the country's southeast.He also sought to have a coordination committee comprising high...

Catastrophic sudden flooding in southeast

FE REPORT | 2024-08-23 00:00:00

Over three million people remained marooned while households and animals afloat in the worst flooding in Bangladesh's southeast, prompting the just-installed government to deploy security forces for rescue and relief. Reports say a record rain and onrush of upstream water...

Trump anxiety spurs investment in European defence startups

2024-08-23 00:00:00

LONDON, Aug 22 (Reuters): Donald Trump's potential White House return has helped spur a flurry of investment in defence-technology startups across Europe, according to eight prominent industry executives and investors.The Republican presidential candidate has threatened US withdrawal from NATO and...

Most Gulf markets gain on hopes of early US Fed rate cut

2024-08-23 00:00:00

Most stock markets in the Gulf ended higher on Thursday, after US Federal Reserve minutes signalled interest-rate cuts were set to begin in a few weeks' time, reports Reuters.The Fed appears to be very much on track for an interest-rate...

Indian state-run firms set to issue long term bonds to meet investor demand

2024-08-23 00:00:00

MUMBAI, Aug 22 (Reuters): Indian state-run companies are poised to raise about 50 billion rupees ($595.61 million) through long-term securities over the next two weeks, as falling government bond yields and reduced state debt supply leave investors starved for opportunities.At...

Malaysia shines as foreign investors return, peers stumble

2024-08-23 00:00:00

SINGAPORE, Aug 22 (Reuters): Malaysia is fast becoming a haven in Southeast Asia and foreign investors are returning to a long-overlooked market as a confluence of improving growth, stable government and rising currency sets it apart among peers grappling with...

China, Belarus to sign trade agreement

2024-08-23 00:00:00

MOSCOW, Aug 22 (AFP): Belarus, which has been hit by Western sanctions over its support for Russia's offensive in Ukraine, said Thursday it will sign a free trade deal with China for services and investment.China's Prime Minister Li Qiang was...

Ping An Ins posts 6.8pc rise in Q1 profit

2024-08-23 00:00:00

BEIJING/SHANGHAI, Aug 22 (Reuters): Ping An Insurance (Group) Co of China reported a 6.8 per cent rise in first-half net profit, driven by growth in new insurance policies and its move to secure long-term investments amid market volatility.The Chinese insurance...

Saudi finance cos’ credit facilities increase 12pc

2024-08-23 00:00:00

RIYADH, Aug 22 (Arab News): Credit facilities provided by Saudi finance companies saw 12 per cent annual rise in the first quarter of 2024, to reach SR88.6 billion ($23.62 billion), official data has revealed.Figures released by the Saudi Central Bank,...

US auto safety regulator closes probe into GM's Cruise robotaxis

2024-08-23 00:00:00

NEW YORK, Aug 22 (Reuters): The National Highway Traffic Safety Administration said it was closing its preliminary investigation into the hard braking and immobilization issues in 1,194 autonomous ride-hailing vehicles operated by General Motors' Cruise unit.The NHTSA said on Thursday...

Microsoft tweaks how it logs cloud revenue

2024-08-23 00:00:00

SAN FRANCISCO, Aug 22 (AFP): Microsoft on Wednesday lowered its cloud computing unit revenue forecast in a bookkeeping move, shifting money to its "productivity" software business.The accounting change comes as investors are wary about whether the billions Microsoft and tech...

Fed’s Schmid signals open mind on Sept rate cut

2024-08-23 00:00:00

WASHINGTON, Aug 22 (Reuters): Kansas City Fed Bank President Jeff Schmid, one of the U.S. central bank's more hawkish policymakers, said on Thursday he was taking a closer look at the dynamics behind the rise in the unemployment rate and...

LafargeHolcim holds seminar with BPSEA

2024-08-23 00:00:00

LafargeHolcim Bangla-desh Limited (LHBL) has recently organised a seminar titled "Determination & Challenges of Pile Capacity in Liquefiable Soil" in association with Bangladesh Professional Structural Engineer Association (BPSEA) at the Bangladesh University of Engineering and Technology's (BUET) Graduates Club at...

DHAKA REGENCY SIGNED MOU WITH PRABASHIR HELICOPTER

2024-08-23 00:00:00

Dhaka Regency Hotel & Resort signed a Memorandum of Understanding (MoU) with Prabashir Helicopter, a leading helicopter service provider, at the latter's head office on Monday. Md. Mahmud Hassan, Director- Sales & Marketing of the hotel, and Byjed Al-Hassan, Managing...

US capital hikes and other Wall Street bank rules now hinge on US election

2024-08-23 00:00:00

WASHINGTON, Aug 22 (Reuters): US regulators will not be able to finalize contentious bank capital hikes before the November presidential election, casting doubt over whether those and other stiff draft rules for Wall Street banks will be completed at all,...