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Chevron eyes new gas exploration in Bangladesh

Energy giant Chevron has planned to invest in new gas exploration activities in Bangladesh which is expected to help boost the country's energy security, senior officials of the US-based company said on Tuesday.A Chevron delegation expressed the interest at a meeting with Chief Adviser Professor Muhammad Yunus at the State...

BIAC training on 'Workplace Conflict Resolution' held

Bangladesh International Arbitration Centre (BIAC) successfully conducted a two-day training programme on 'Workplace Conflict Resolution: Strategies, Practical Tools, and the Role of ADR and BIAC Rules' at its venue in Dhaka recently, says a statement. This programme was designed to enhance workplace harmony and improve productivity by promoting various conflict...

Seize opportunities in energy sector: Fouzul to investors

Energy Adviser Muhammad Fouzul Kabir Khan has urged investors to seize opportunities in Bangladesh's energy sector, which faces a significant supply-demand gap.Speaking at a programme on Monday, Kabir highlighted a supply deficit of 1,000 mmcfd of gas compared to the current demand of 4,000 mmcfd. He also mentioned the government's...

EU offers support to help recover laundered money

European Union (EU) has expressed its willingness to cooperate by providing logistical support and expertise for quick recovery of money laundered from Bangladesh, reports BSS.EU Ambassador and Head of Delegation to Bangladesh Michael Miller said this during a courtesy call on Commerce Adviser Sheikh Bashir Uddin at his office in...

Export of billets: GPH leads the way in innovation

CHATTOGRAM, Dec 03: After the country gained independence, only a few items, including tea, leather, and frozen fish, were in the export basket, but with the passage of time the basket has expanded, earning lots of foreign exchange and making a substantial contribution to the economic growth.One such item which...

Boost human resources capacity for transition to a developing economy

Commerce Adviser Sheikh Bashir Uddin has stressed the need to enhance human resources capacity for Bangladesh's graduation to a developing economy."Bangladesh is committed to ensuring dispute resolution in the framework of security and predictability in the multilateral trading system. We need to increase the capacity of our business organisations and...

PRIME BANK HOSTS BAMLCO CONFERENCE-2024

Prime Bank PLC recently organised the BAMLCO Conference 2024 at the bank's own premises in Dhaka. Branch Anti-Money Laundering Compliance Officers (BAMLCOs) from across the country joined the event. The conference was inaugurated by AKM Ehsan, Executive Director & Head of BFIU (Acting), as the Chief Guest and chaired by...

Walton to expand brand business in Sri Lanka

Global electronics brand Walton is set to expand its presence in Sri Lanka through a new partnership with Sri Lankan company 'Monik Trading Private Limited'. To this end, a Memorandum of Understanding (MoU) was recently signed between Walton Hi-Tech Industries PLC and Monik Trading at a ceremony held at the...

BENGAL COMMERCIAL BANK HOLDS ANNUAL RISK CONFERENCE

Bengal Commercial Bank PLC (BGCB) organised its 'Annual Risk Conference 2024' at the bank's Head Office in Gulshan, Dhaka, recently. Tarik Morshed, Managing Director and CEO, reiterated the bank's commitment to building a strong risk management culture at all levels of the bank's activities. A.N.M. Moinul Kabir, Director of the...

PREMIER CEMENT AGM APPROVES 21.5PC CASH DIVIDEND

The 22nd Annual General Meeting (AGM) of Premier Cement Mills PLC was held virtually on Saturday, with Chairman of the company Mohammad Mustafa Haider in the chair. The shareholders approved 21.50 per cent cash dividend for the year ended on June 30, 2024 in the meeting. Managing Director Mohammed Amirul...

UN calls for $2.6t investment to reverse land degradation

RIYADH, Dec 3 (Reuters): Restoring the world's degraded land and holding back its deserts will require at least $2.6 trillion in investment by the end of the decade, the U.N. executive overseeing global talks on the issue told Reuters, quantifying the cost for the first time.More frequent and severe droughts...

Cyber Monday US spending breaches $13b as steep discounts online drive sales

Americans spent $13.3 billion online on Monday in the United States, according to an Adobe report, as consumers nabbed steep holiday discounts on everything from electronics to toys following lackluster demand at US stores on Black Friday, reports Reuters.Consumers spent 7.3% more compared to Cyber Monday in 2023. That follows...

QatarEnergy signs long-term LNG deal with Shell for delivery to China

SINGAPORE/LONDON, Dec 3 (Reuters): State-owned QatarEnergy has signed a long-term sales and purchase agreement with oil and gas major Shell to supply it with liquefied natural gas (LNG) for delivery to China. The deal is for the supply of three million metric tons per annum year of LNG, said QatarEnergy...

Saudi Arabia may slash January crude prices for Asian buyers

SINGAPORE, Dec 3 (Reuters): Top oil exporter Saudi Arabia is expected to slash crude prices for Asian buyers in January to the lowest in years, largely tracking a slump in Middle East benchmark prices last month, traders said on Monday.The January official selling price (OSP) for flagship Arab Light may...