The Chittagong University of Engineering and Technology (CUET) has been closed for an indefinite period following the fourth day of protest over two students' death in a road accident. The decision was made in an emergency meeting convened by the academic council on Thursday with vice-chancellor P
Dhaka on Thursday said isolated and unfounded allegations has been flagged in the recently published 'Bangladesh 2023 Human Rights Report' of the US State Department. Addressing a press briefing convened in reaction to the report, foreign ministry spokesperson Seheli Sabrina said many of the impro
Bangladesh Nationalist Party (BNP) said on Thursday that the government was trying to hold dummy upazila elections this time. "The Prime Minister (PM) is now going to hold dummy upazila elections. And this time even Awami League (AL) leaders won't get opportunity to participate in the polls. Local
Mangoes are falling off from the trees in Rajshahi due to prolonged heatwave, severe drought and pest-attack, dampening prospects for a good yield of the summer fruit in the region. Mango farmers in the region are anticipating a massive crop failure as they are not getting a solution despite effor
Startup Bangladesh Limited, a government-backed venture capital (VC) firm, is set to make a strategic investment worth Tk 10 million in Pulse Tech, a local healthcare venture, to expand retail pharmaceutical operation in the country. To this effect, the Startup BD made the formal announcement at a
Bangladesh Export Import Company (BEXIMCO) has announced to commence subscription of 'Beximco 1st Unsecured Zero Coupon Bond' on Sunday (April 28), aiming to collect Tk 15 billion. The bond subscription will continue until May 15, according to a statement published on Thursday. A zero-coupon bond
Reckitt Benckiser (Bangladesh) reported a profit of Tk 151.7 million for January-March this year, almost the same as for the same quarter last year, despite a decline in sales revenue. The UK-based multinational company that sells health and hygiene-related products earned revenue of Tk 1.32 billi
Grameenphone (GP) rose more than 1 per cent to Tk 235 per share on the Dhaka bourse on Thursday after it reported a 72 per cent year-on-year profit growth for the first quarter this year. The leading telecom operator secured a quarterly profit of Tk 13.4 billion in January-March this year, highest
IFIC Bank backtracked on its two-year plan to sell its stake in Nabil Bank of Nepal as policy changes in the South Asian country diminished the possibility of gaining the expected profit from the deal. Instead, it considers keeping its 7.77 per cent share in Nabil Bank, Nepal's number one
The Dhaka bourse on Thursday failed to break out of losing streak despite the regulatory move limiting stocks' daily allowable correction to 3 per cent from 10 per cent. In a market review, EBL Securities said the depressed market observed a further backlash as investors negatively reacted t
Bangladesh's new nuclear facilities, coal-fired plants and renewable energy may limit full-capacity utilisation of gas-fired power plants in the near term, according to a latest report. The latest Global LNG Outlook 2024-2028 from the Institute for Energy Economics and Financial Analysis (IE
An International Monetary Fund (IMF) appraisal team suggests prompt measures for plugging fund leakages under social-safety net, enacting the pending banking-sector laws and lessening loads of non-performing loans (NPLs) within the set timeline. The team, which continues reviewing the progress Ban
