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REHAB fair starts in Ctg-

OUR CORRESPONDENT | 2025-02-14 00:00:00

CHATTOGRAM, Feb 13: A four-day REHAB Fair Chattogram-2025 kicked off at Radisson Blu Hotel in the port city on Thursday.Chattogram City Corporation Mayor Dr Shahadat Hossain inaugurated the fair in the morning.Real Estate and Housing Association of Bangladesh (REHAB) Chairman...

Global MD of CBC arrives today

2025-02-14 00:00:00

Sanath Manatunge, the Global Managing Director of Commercial Bank of Ceylon PLC (CBC), is expected to arrive in Dhaka today to preside over the bank's Annual Staff Conference scheduled for February 15, says a statement. During his stay in Dhaka,...

Mamun Rashid new chairman of NTC

2025-02-14 00:00:00

The Board of Directors of National Tea Company Limited (NTC) has unanimously elected Mamun Rashid as its Chairman at its 683rd meeting recently, says a statement. He will serve in this capacity until the next Annual General Meeting.A distinguished institution...

Upay to implement electronic toll system for Padma Bridge

2025-02-14 00:00:00

Mobile financial service provider 'Upay' has officially been selected to implement the electronic toll collection (ETC) system at the Padma Bridge toll plaza.The electronic toll payment system will be introduced soon for the Padma Bridge users, eliminating the need for...

Egg, poultry meat to remain affordable during Ramadan

FE REPORT | 2025-02-14 00:00:00

Prices of eggs and meat of poultry chicken will remain rational during the upcoming Ramadan, ensuring that these two essential items remain affordable for consumers.The assurance was given at a seminar titled "Building a Resilient Poultry Industry in Bangladesh: Evolution,...

Macroeconomic indicators show signs of recovery

FE REPORT | 2025-02-14 00:00:00

The key macroeconomic indicators -- such as inflation, exchange rate, and interest rate except the GDP growth are showing signs of recovery after hitting their lowest points in recent times, according to the latest report by CAL Bangladesh, a Sri...

Gold rises on trade war jitters

2025-02-14 00:00:00

Gold rose on Thursday, supported by a weaker US dollar and growing worries over US President Donald Trump's tariff plans, which could heighten global trade tensions, while investors eyed another set of inflation data, reports Reuters.Spot gold added 0.5 per...

Arabica coffee prices seen falling 30pc by end-2025

2025-02-14 00:00:00

LONDON, Feb 13 (Reuters): Arabica coffee futures are expected to fall by around 30 per cent by the end of 2025, with recent record high prices expected to curb demand and early signs pointing to a bumper Brazilian crop next...

Oil prices fall on potential Ukraine peace talks

2025-02-14 00:00:00

LONDON, Feb 13 (Reuters): Oil prices fell more than 1 per cent on Thursday as a potential peace deal between Russia and Ukraine continued to exert downward pressure, along with rising crude inventories in the United States.Brent futures were down...

Sony hikes profit forecast on strong gaming business

2025-02-14 00:00:00

TOKYO, Feb 13 (AFP): Japanese entertainment and electronics giant Sony upgraded its annual net profit forecast to $7.0 billion on Thursday thanks to its strong gaming business.The conglomerate said it now expects a net profit of 1.08 trillion yen in...

Unilever announces profit slump on Russia exit

2025-02-14 00:00:00

LONDON, Feb 13 (AFP): British consumer goods giant Unilever on Thursday announced falling net profits for 2024, hit by exiting Russia and other restructuring costs.Profit after tax dropped 11 per cent to 5.7 billion euros ($5.9 billion) compared with 2023,...

India’s Adani quits $442m Sri Lanka power project

2025-02-14 00:00:00

COLOMBO, Feb 13 (AFP): Indian conglomerate Adani Group has withdrawn from a troubled $442 million wind power project in Sri Lanka after the island nation's government sought to renegotiate the deal.Sri Lanka's Board of Investment (BOI) said on Thursday it...

Cybersecurity firm SailPoint's IPO raises $1.38b in US stock market return

2025-02-14 00:00:00

SailPoint priced its New York initial public offering at the top-end of its marketed range of $21-$23 on Thursday, raising $1.38 billion for the identity security firm and the selling stockholder, reports Reuters.The Austin, Texas-based company and its parent Thoma...

Asian stocks rise, oil falls as Trump fans Ukraine peace hopes

2025-02-14 00:00:00

HONG KONG, Feb 13 (AFP): Asian markets mostly rose Thursday and oil prices extended losses as forecast-topping US inflation was overshadowed by hopes for an end to the Ukraine war after news Donald Trump and Russia's Vladimir Putin had discussed...

Meena Bazar expands footprint to Mirpur-DOHS

2025-02-14 00:00:00

Meena Bazar, a leading supershop brand, opened a new outlet in Dhaka (House 110, North Shagufta New Road, Mirpur DOHS) on Thursday, marking another milestone in the brand's expansion. Residents of Mirpur DOHS can enjoy home delivery services by placing...

Janata Bank holds view-exchange meeting in Sylhet

2025-02-14 00:00:00

A view-exchange meeting with all branch and area chiefs of the Sylhet division of Janata Bank PLC was held at the bank's divisional office in Sylhet recently. Deputy Managing Director of the bank Md Golam Mortuza was present as the...

DESCO Board of director holds 499th meeting

2025-02-14 00:00:00

The 499th meeting of the Board of Directors of Dhaka Electric Supply Company Limited (DESCO) was held on Wednesday. The meeting was presided over by Chairman of DESCO Board and Chief Executive Officer (Secretary) of Public Private Partnership Authority Muhammad...

IPDC and Bangladesh Bank Drive Financial Inclusion in Rajshahi

2025-02-14 00:00:00

IPDC Finance PLC and Bangladesh Bank jointly organised an 'Entrepreneur-banker exchange meeting' in Rajshahi on Wednesday, to accelerate financing for entrepreneurs in the Rajshahi silk industry cluster and engage with pre-finance beneficiaries under the Tk 250 billion scheme. The meeting...

Shahjalal Islami Bank holds EC meeting ----

2025-02-14 00:00:00

The 891st meeting of the Executive Committee (EC) of Shahjalal Islami Bank PLC (SJIB PLC) was held at the Corporate Head Office of the bank recently. The meeting was presided over by Akkas Uddin Mollah, Chairman of the Executive Committee...

MERCANTILE BANK INKS DEALS TO INSTALL ATM/CRM AT METRO RAIL STATIONS

2025-02-14 00:00:00

Mercantile Bank signed agreements with Dhaka Mass Transit Company Limited (DMTCL) to install ATM/CRM at Motijheel, Dhaka University and Farmgate metro rail stations. The event took place at the conference room of DMTCL Office at Uttara, Dhaka on Wednesday. The...

UCB HOSTS 506TH MEETING OF BOARD OF DIRECTORS

2025-02-14 00:00:00

United Commercial Bank (UCB) hosted its 506th meeting of the board of directors on Tuesday at the corporate office of the bank. UCB Chairman Sharif Zahir presided over the meeting. Among others, Managing Director & CEO Mohammad Mamdudur Rashid; the...

MUTUAL TRUST BANK SIGNS MOU WITH TERRAPAY FOR STUDENT FILE SERVICES

2025-02-14 00:00:00

Mutual Trust Bank (MTB) and Terra Payment Services (UK) Limited (TerraPay) have officially signed a Memorandum of Understanding (MoU) to provide Student File Services to students aspiring to study abroad, making their higher study-related payments more convenient. The MoU exchange...

IFAD urges more rural investment in developing countries

2025-02-14 00:00:00

As the world grows increasingly fragmented and the future uncertain, global leaders and financiers at the 48th Governing Council of the International Fund for Agricultural Development (IFAD) have emphasised the strategic importance of investing in rural areas of developing countries...

Renata ships Cabergoline to UK for first time

FE REPORT | 2025-02-14 00:00:00

Renata exported the first consignment of Cabergoline 0.5mg tablets to the UK market, having received approval four months ago.This followed the launch of the generic drug in Australia in October last year, "highlighting the company's growing global presence," said the...

Lub-rref returns to profit in Q2 on lower costs

FE REPORT | 2025-02-14 00:00:00

Lubricant oil blender Lub-rref (Bangladesh) returned to profit in its second quarter of FY25 after incurring a loss in the first quarter. However, its profit escalated 92 per cent year-on-year in the October-December quarter of FY25 while revenue plunged 4.47...

Stocks up for 2nd week with hopes high after monetary policy

FE REPORT | 2025-02-14 00:00:00

Stocks stayed upbeat for two straight weeks, with the key index of the Dhaka Stock Exchange (DSE) crossing 5,200 on Thursday after three weeks amid renewed optimism.As the macroeconomic front improved and the central bank kept the policy rate unchanged...

Fakhruddin Ahmed: a legendary runner from yesteryear

Helal Uddin Ahmed | 2025-02-14 00:00:00

Man can only sail through life by riding the chariot of time, but he leaves behind golden memories of the past. This is the natural course for mankind. Despite that, man looks back at bygone times – in search of...

Dholaikhal, the machine hub

2025-02-14 00:00:00

Dholaikhal is one of Dhaka's most significant commercial and historical areas. Over time, it has transformed from a river into an industrial hub. This area is a major centre for manufacturing, renowned for producing industrial equipment, machinery, and car parts....

Improving train service

2025-02-14 00:00:00

As one of the country's primary modes of transportation, trains have long earned the trust of the general public. However, in recent times, frequent schedule disruptions, indefinite service suspensions, a shortage of trains, and declining service quality have made train...

AI agents in the workplace

2025-02-14 00:00:00

Artificial Intelligence (AI) agents are revolutionising the workplace by automating tasks, analysing vast amounts of data, and making intelligent decisions. Powered by machine learning and natural language processing, AI systems like ChatGPT enhance workplace communication, while autonomous robots improve efficiency...