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25 DCs removed

2024-08-21 00:00:00

Amid the major reshuffle in the administration, the government has now removed 25 deputy commissioners (DCs) of districts across the country on Tuesday, said authorities.The Ministry of Public Administration issued a gazette notification in this regard on Tuesday night, reports...

Nine to die, five get life in jail

OUR CORRESPONDENT | 2024-08-21 00:00:00

RAJSHAHI, Aug 20: A court in Rajshahi on Tuesday sentenced nine people to death and five others to life in prison for killing an Awami League leader.Judge Mahiduzzaman of the Rajshahi Speedy Trial Tribunal announced the verdict.The condemned convicts are...

BERC chair quits

FE REPORT | 2024-08-21 00:00:00

Md Nurul Amin has resigned as the chairman of the Bangladesh Energy Regulatory Commission (BERC).He submitted his resignation letter to President Mohammed Shahabuddin on Tuesday, citing personal reasons. He was appointed as the BERC chairman on March 21, 2023.BERC general...

Ensure people's political, economic rights: Tarique

FE REPORT | 2024-08-21 00:00:00

Bangladesh Nationalist Party (BNP) Acting Chairman Tarique Rahman has said political changeover does not mean just handing over of state power. Rather, it means bringing about qualitative changes in the state and politics."To consolidate the spirit and goals of the...

Case filed against Hasina with ICT

FE REPORT | 2024-08-21 00:00:00

A new complaint has been filed with the International Crimes Tribunal in Dhaka on Tuesday, accusing ousted Prime Minister Sheikh Hasina and 23 others, including journalists Mozammel Haque Babu, Ahmed Zobayer, Subhash Singh Roy and Naimul Islam Khan. Charges of...

Workers' outflow rises 30pc in unrest-hit July

ARAFAT ARA | 2024-08-21 00:00:00

The outflow of workers increased last month (July) compared to the previous month, despite the country witnessing severe unrest mainly in the second half of the month amid students' anti-discrimination movement.Data released by the Bureau of Manpower Employment and Training...

Prof Yunus to join Bimstec summit in Sept

MIR MOSTAFIZUR RAHAMAN | 2024-08-21 00:00:00

Prof Dr Muhammad Yunus, chief adviser to the interim government, is likely to attend this year's BIMSTEC summit slated for September 02-04 in Bangkok, highly placed sources said.Dr Yunus is expected to depart Dhaka for Bangkok on September 03 and...

FBCCI delegation, led by its President Mahbubul Alam, made a courtesy call on BB Governor Dr Ahsan H Mansur

2024-08-21 00:00:00

A Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) delegation, led by its President Mahbubul Alam, made a courtesy call on Bangladesh Bank (BB) Governor Dr Ahsan H Mansur at the latter's office on Tuesday.

No decision on demonetising 1000-taka note

FE REPORT | 2024-08-21 00:00:00

No decision has yet been made to demonetise the 1000-taka banknotes says Finance and Commerce Adviser of the interim government Dr Salehuddin Ahmed, apparently to dispel speculations amid cleanup drives in banking-financial field. He notes that taking a decision on...

World will do more business if we get over 'mess': Professor Yunus

2024-08-21 00:00:00

Describing the situation a "hard situation", interim government Chief Adviser Professor Muhammad Yunus on Tuesday said the world will do more business with Bangladesh if the country, as a nation, could collectively get over the "mess", reports UNB."We will have...

Briefing 2024-08-21

2024-08-21 00:00:00

Prayer Timings (2024-08-21)

2024-08-21 00:00:00

Central bank reconstitutes National Bank board

FE REPORT | 2024-08-21 00:00:00

In a span of three months, the Bangladesh Bank (BB) has once again dissolved the board of the National Bank PLC, a first-generation commercial bank, citing its failure to safeguard depositors' funds through compromising good governance in banking operations.The decision...

Govt cancels rest of HSC exams as students besiege Secretariat

FE REPORT | 2024-08-21 00:00:00

The government on Tuesday cancelled the remaining Higher Secondary Certificate (HSC) and equivalent examinations after a large number of examinees stormed the Secretariat in Dhaka to press home the demand.Prof Tapan Kumar Sarkar, head of the Inter-Education Board Coordination Committee...

Govt to set up Foundation

2024-08-21 00:00:00

The interim government has decided to set up a "Foundation" to take care of the wounded and the families of the dead and wounded who participated in the student-led revolution in July-August 2024, reports UNB.Chief Adviser Professor Muhammad Yunus will...

Exchange, interest rates to be market-driven

FE REPORT | 2024-08-21 00:00:00

Bankers are assured that the money market will function freely based on demand and supply, sans too many interventions like in the past.New Bangladesh Bank (BB) governor Dr Ahsan H. Mansur gave the assurance Monday to top executives of a...

No more liquidity feeding to problem banks

FE REPORT | 2024-08-21 00:00:00

Bangladesh Bank will no more extend liquidity support to weak and troubled banks by printing money rather the process of rescuing them now will be different, says Bangladesh Bank Governor Dr Ahsan H Mansur. He makes it clear that the...

Metro team starts work on maintenance finally

MUNIMA SULTANA | 2024-08-21 00:00:00

The metro rail's operation and maintenance team has finally joined work as they withdrew strike on Tuesday, thus giving signs of resuming train movement on the Uttara-Motijheel route from Sunday."We have joined work as the prime demand for addressing pay...

China's gasoline exports fall 35.7pc in July

2024-08-21 00:00:00

BEIJING, Aug 20 (Reuters): China's gasoline exports fell 35.7 per cent in July from a year earlier, customs data showed on Sunday, as refiners lowered crude runs and held back from shipments due to weakening profit margins.Gasoline exports stood at...

Soybeans, corn ease as crop supply weighs

2024-08-21 00:00:00

PARIS/CANBERRA, Aug 20 (Reuters): Chicago soybean and corn futures edged lower on Tuesday, hovering near four-year lows as latest crop data underscored the prospect of large US harvests this year.Wheat also ticked down as a favourable US production outlook coincided...

Palm oil edges lower on weak export data

2024-08-21 00:00:00

JAKARTA, Aug 20 (Reuters): Malaysian palm oil futures slipped on Tuesday, weighed down by weak export data and weakness in Chicago soyoil contract, while stronger Dalian vegetable oils limited losses.The benchmark palm oil contract for November delivery on the Bursa...

India and Malaysia look to reset ties with trade boost

2024-08-21 00:00:00

NEW DELHI, Aug 20 (Reuters): Prime ministers of India and Malaysia sought to reset relations between the two countries on Tuesday as they agreed to boost trade, movement of workers and the use of their own currencies to settle bilateral...

Citic, CICC among 10 brokerages included in China's Greater Bay Area wealth scheme

2024-08-21 00:00:00

HONG KONG, Aug 20 (Reuters): China and Hong Kong are set to expand a pilot wealth scheme that allows residents to invest cross-border by adding the first batch of 10 securities firms, including the countries' largest brokerages, two people with...

India markets regulator proposes ways to ease corporate fundraising via share sales

2024-08-21 00:00:00

BENGALURU, Aug 20 (Reuters): India's markets regulator proposed on Tuesday that companies be allowed to also sell shares to new investors, in addition to existing shareholders, to raise funds, among other measures to ease corporate fundraising.The regulator also proposed that...

Major Gulf markets subdued on oil demand concerns

2024-08-21 00:00:00

Major stock markets in the Gulf were subdued on Tuesday amid concerns of weak oil demand, even as rising expectations of a US interest rate cut next month provided some support, reports Reuters.Oil prices, a catalyst for the Gulf's financial...

Global shares march higher on Fed rate cut bets

2024-08-21 00:00:00

LONDON, Aug 20 (Reuters): European shares hit a 2-1/2 week high on Tuesday, tracking a Wall Street rally driven by expectations that the Federal Reserve could offer further hints of imminent rate cuts later this week.With the data calendar relatively...

349TH BOARD MEETING OF IFIL HELD

2024-08-21 00:00:00

The 349th meeting of the Board of Directors of Islamic Finance and Investment Limited (IFIL) was held at its head office on Tuesday. K.B.M. Moin Uddin Chisty, Chairman of the Board of Directors of IFIL, presided over the meeting. Among...

Farewell reception to JBC General Manager

2024-08-21 00:00:00

Jiban Bima Corporation Managing Director and Additional Secretary of the government Md Muhibuzzaman and others present a bouquet to JBC General Manager Abul Khayer Mohammad Hafizullah Khan (joint secretary) at a farewell reception at the JBC head office in the...

NATIONAL BANK SIGNS MOU WITH YORK HOSPITAL

2024-08-21 00:00:00

A Memorandum of Understanding (MoU) was signed between National Bank Limited and York Hospital Limited recently. The document of the agreement was handed over at the bank's head office on Monday. Md. Touhidul Alam Khan, Managing Director & CEO of...

35TH AGM OF BASIC BANK HELD

2024-08-21 00:00:00

The 35th Annual General Meeting (AGM) of state-owned BASIC Bank Limited was held at its head office on Tuesday. Prof Dr. Abul Hashem, chairman of the bank, presided over the meeting. Md. Shah Alam, additional secretary, Financial Institutions Division, Ministry...