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China’s biodiesel producers seek new outlets as hefty EU tariffs bite

2024-08-19 12:00:00

SINGAPORE, Aug 18 (Reuters): Chinese biodiesel producers are seeking new outlets in Asia for their exports and exploring producing other biofuels as supply to the European Union, their biggest buyer, dries up ahead of anti-dumping tariffs, biofuel executives and analysts...

UBS to liquidate $2b real estate fund as office downturn bites

2024-08-19 12:00:00

ZURICH, Aug 18 (Reuters): UBS is to liquidate a $2 billion real estate fund it acquired when it bought Credit Suisse, the Swiss bank said on Thursday, in the latest sign of investors selling out of troubled commercial property markets.The...

Ctg businessmen demand resignation of CCCI Board

OUR CORRESPONDENT | 2024-08-19 12:00:00

CHATTOGRAM, Aug 18: A group of businessmen staged a demonstration in front of the World Trade Center (WTC) in the port city on Sunday demanding resignation of the board of directors of the Chittagong Chamber of Commerce and Industries (CCCI).Under...

Abdul Karim elected Chairman of MIDAS Financing

2024-08-19 12:00:00

Abdul Karim has been elected the Chairman of the Board of Directors of MIDAS Financing PLC for a period of two years at its 368th Board Meeting held recently, says a press release.Mr. Karim had joined the Board of MIDAS...

CITIZENS BANK SIGNS AGREEMENT WITH ONEWORLD INFOTECH

2024-08-19 12:00:00

Citizens Bank PLC signed an agreement with OneWorld InfoTech for the implementation of Security Operation Centre (SOC) at the bank's Head Office recently. Mohammad Masoom, Managing Director & CEO of Citizens Bank, and Maruf Ahmed, Global Director and CEO of...

Govt aware of steps needed to control commodity prices

FE REPORT | 2024-08-19 12:00:00

Finance and Commerce Adviser Dr Salehuddin Ahmed said commodity prices are closely linked to production and supply and the government is aware of the steps needed to control them."We will take necessary measures so that common people do not feel...

SpiceJet's Q1 profit drops on fewer flights

2024-08-19 12:00:00

BENGALURU, Aug 18 (Reuters): Indian budget carrier SpiceJet reported a drop in first-quarter profit last week, as it flew fewer passengers amid legal and financial troubles.The company reported a standalone profit of 1.50 billion rupees ($17.9 million) for the quarter...

IGC cuts global wheat crop outlook on poor French harvest

2024-08-19 12:00:00

LONDON, Aug 18 (Reuters): The International Grains Council (IGC) has trimmed its forecast for 2024/25 global wheat production driven largely by a downward revision for France which has just endured one of the worst wheat harvests in decades.The inter-governmental body,...

New drilling technology to put billions of barrels of oil in reach

2024-08-19 12:00:00

HOUSTON, Aug 18 (Reuters): An oil production breakthrough that producers say can safely tap ultra-high pressure fields could put up to 5 billion barrels of previously inaccessible crude into production, analysts said.Chevron on Monday disclosed it had pumped first oil...

Weather (2024-08-19)

2024-08-19 00:00:00

Rain likely todayLight to moderate rain/thunder showers accompanied by temporary gusty/squally wind is likely to occur at most places over Rangpur, Rajshahi, Dhaka, Khulna, Barishal, Chattogram and Sylhet divisions and at many places over Mymensingh division with moderately heavy to...

St. Gregory's High School and College in Old Dhaka was again abuzz with students

2024-08-19 00:00:00

St. Gregory's High School and College in Old Dhaka was again abuzz with students, teachers and guardians after the government decided to reopen all the educational institutions across the country on Sunday. — FE Photo by Shafiqul Alam

201 officials promoted as joint secretary

2024-08-19 00:00:00

The government has promoted 201 officials from the post of deputy secretary to joint secretary, reports UNB.A notification in this regard was issued by the Ministry of Public Administration on Sunday.

Students in Rajshahi hand over Tk 1.8m to police

2024-08-19 00:00:00

Rajshahi, Aug 18 (UNB): A group of students discovered a bag containing Tk 1.8 million on the street and handed it over to the police on Sunday morning.The police have stated that they are investigating the origin of the money...

Govt mulls independent media commission: Information adviser

2024-08-19 00:00:00

Information and Broadcasting Adviser Nahid Islam has said the government is considering forming an independent media commission, report agencies.The adviser said this while exchanging views with journalists at his Secretariat office in the capital on Sunday."We have primarily thought about...

Is DU prepared to restart academic activities following movement?

FE REPORT | 2024-08-19 00:00:00

Classes, exams and academic activities did not take place at the Dhaka University on Sunday, the day on which the institution has been officially announced to reopen.There was an absence of clear instruction from the university authorities on restarting the...

ACC launches probe against three ex-MPs

FE REPORT | 2024-08-19 00:00:00

The Anti-Corruption Commission (ACC) has initiated an inquiry into accusations against three ex-MPs who are suspected of participating in a scheme linked to the Malaysian labour market.The ACC initiated the enquiry into several high-profile individuals, including Kashmeri Kamal, wife of...

Chief Justice Syed Refaat Ahmed along with newly-appointed four judges met President Mohammed Sahabuddin

2024-08-19 00:00:00

Chief Justice Syed Refaat Ahmed along with the newly-appointed four judges of the Supreme Court's Appellate Division met President Mohammed Sahabuddin at Bangabhaban in the capital on Sunday. — PID

Govt moves to replace absentee local representatives

2024-08-19 00:00:00

In the wake of former Prime Minister Sheikh Hasina fleeing the country following the student-led mass protests on August 5, local government operations across Bangladesh have come to a standstill as most Awami League-backed public representatives have gone into hiding,...

Case filed against former AL MP of Rajshahi-4

2024-08-19 00:00:00

A case has been filed against 82 leaders and activists of the Awami League (AL), including former MP Principal Abul Kalam Azad, Upazila Chairman Zakirul Islam Santu, and Taherpur Municipality Mayor Khandakar Sayla Parveen, in connection with an attack, shooting,...

Prioritise stability, equity, ensure rights for all

2024-08-19 00:00:00

Ramon Magsaysay Award Foundation has said the recent political unrest in Bangladesh is a clear expression for the people's hunger for an inclusive, corruption-free, democratic government, reports UNB.In a letter to Interim Government's Chief Adviser Professor Muhammad Yunus, Foundation Chairperson...

Weapons recovered from BCL-run dorms at DTTC

2024-08-19 00:00:00

Students from the Anti-Discrimination Movement recovered a large number of locally-made weapons from dormitories controlled by the Bangladesh Chhatra League (BCL) at Dhaka Teachers' Training College (DTTC) on Sunday, reports UNB.The recovered weapons included knives, machetes, sickles, rods, hockey sticks,...

Shafik Rehman returns home after six years

2024-08-19 00:00:00

Journalist Shafik Rehman has returned to Bangladesh after six long years, reports bdnews24.com.He arrived at Hazrat Shahjalal International Airport on a Bangladesh Biman flight on Sunday.Shafik, 89, was greeted by journalist leaders with flowers and applause at the airport. He...

Complaint filed against 113, including Hasina

2024-08-19 00:00:00

A complaint (first information report) has been filed with Tejgaon thana against 113 individuals, including former prime minister Sheikh Hasina, over an alleged attack on BNP Chairperson Khaleda Zia's convoy in 2015, reports UNB.The FIR was filed by Belal Hossain,...

UNDP administrator greets Yunus

2024-08-19 00:00:00

United Nations Development Programme (UNDP) Administrator Achim Steiner has congratulated Professor Dr Muhammad Yunus on his appointment as the Chief Adviser to the interim government, reports BSS."On behalf of the United Nations Development Programme (UNDP), I wish to warmly congratulate...

Conduct raids on ex-MPs' houses to seize 'looted wealth'

2024-08-19 00:00:00

BNP leader Zainul Abdin Farroque has demanded immediate operation at the residences of members of the recently dissolved parliament to seize looted and illegal money, reports UNB."Dollars worth of thousand of crores taka will be found in the residences of...

Writ challenges legality of Election Commissioners' immunity in 2014, 2018

FE REPORT | 2024-08-19 00:00:00

Supreme Court (SC) lawyers on Sunday filed a writ petition with the High Court (HC) challenging the legality of the immunity granted to election commissioners under the Section 9 of the Chief Election Commissioner and Other Election Commissioners Appointment Act,...

New curriculum not implementable: adviser

2024-08-19 00:00:00

Education adviser of the interim government Prof Wahiduddin Mahmud on Sunday said it is seemed that the new curriculum, especially the evaluation method, is not implementable, reports BSS."We will return to the previous curriculum in phases as implementation of the...

Case filed against Justice Khairul Haque for verdict tempering

FE REPORT | 2024-08-19 00:00:00

A case has been filed with the Shahabagh Police Station in Dhaka against former Chief Justice ABM Khairul Haque for corruptly and maliciously rendering an illegal judgment.Muhammad Muzahidul Islam, a Supreme Court lawyer, filed the case on Sunday.In the case...

Ex-senior secretary Shah Kamal arrested

2024-08-19 00:00:00

Detective Branch (DB) of Dhaka Metropolitan Police (DMP) has arrested former senior secretary to the Ministry of Disaster Management and Relief Shah Kamal from the city's Mohakhali area, reports BSS.Members of the DB conducted a raid and arrested Shah Kamal...

Ctg airport on high alert to check Mpox

OUR CORRESPONDENT | 2024-08-19 00:00:00

CHATTOGRAM, Aug 18: The authorities of Shah Amanat International Airport in Chattogram have been on high alert to prevent spread of the Mpox virus since Saturday night. Three doctors are deployed on each shift, while officials are screening all incoming...