The Financial Express Bangladesh

12/12/2023

Negotiators from around the world haggled deep into the night to try to strike a deal to halt global warming at United Nations climate talks, with Western powers and vulnerable developing countries worried that a proposed text fell far short of goals to save the planet.

Negotiators from around the world haggled deep into the night to try to strike a deal to halt global warming at United Nations climate talks, with Western powers and vulnerable developing countries worried that a proposed text fell far short of goals to save the planet. A new draft released Monday

12/12/2023

A missile suspected to have been fired by Yemen's Houthi rebels slammed into a Norwegian-flagged tanker in the Red Sea off the coast of Yemen near a key maritime chokepoint, authorities said Tuesday

A missile suspected to have been fired by Yemen's Houthi rebels slammed into a Norwegian-flagged tanker in the Red Sea off the coast of Yemen near a key maritime chokepoint, authorities said Tuesday, reports AP. The assault on the oil and chemical tanker Strinda expands a campaign by the Iranian-b

12/12/2023

UN Secretary-General António Guterres has called for the world to set its highest ambition for decarbonisation, aiming to limit the global temperature rise to 1.5 degrees Celsius. He made this statement on Monday during a pivotal moment at COP 28, the climate conference in Dubai which is scheduled to end on Tuesday (December 12).

Guterres emphasised the critical role of compromise among developed nations as the conference reaches its final stages.

Read the full news here: https://today.thefinancialexpress.com.bd/first-page/un-urges-swift-action-for-global-decarbonisation-1702314980

12/12/2023

Hunger was worsening among Palestinians in the besieged Gaza Strip, aid agencies said, as the United Nations General Assembly prepared to vote on Tuesday on an immediate humanitarian ceasefire in the two-month-old conflict between Israel and Hamas.

Hunger was worsening among Palestinians in the besieged Gaza Strip, aid agencies said, as the United Nations General Assembly prepared to vote on Tuesday on an immediate humanitarian ceasefire in the two-month-old conflict between Israel and Hamas. Hundreds more civilians have died in Israel's ass

12/12/2023

The Trading Corporation of Bangladesh (TCB) has sought over Tk 16 billion as a subsidy to cover the financial loss incurred due to selling essential commodities at subsidised rates for six months, according to officials.

The Trading Corporation of Bangladesh (TCB) has sought over Tk 16 billion as a subsidy to cover the financial loss incurred due to selling essential commodities at subsidised rates for six months, according to officials. In a recent letter to the Ministry of Commerce, TCB Chairman Brigadier Genera

12/12/2023

Dairy farm owners in the northern region, especially in Sirajganj, Pabna and Bogura districts, are now facing trouble due to surging prices of fodder. The Russia-Ukraine war to the scarce supply of raw materials basically hits fodder production in the country.

Dairy farm owners in the northern region, especially in Sirajganj, Pabna and Bogura districts, are now facing trouble due to surging prices of fodder. Farmers attributed the Russia-Ukraine war to the scarce supply of raw materials that hits fodder production in the country. It is apprehended that

12/12/2023

Another nationwide 36-hour road-rail-waterways blockade called by BNP and like-minded opposition parties is underway. This is by far the 11th blockade called by BNP and like-minded since October 31.

Another nationwide 36-hour road-rail-waterways blockade called by BNP and like-minded opposition parties is underway. This is by far the 11th blockade called by BNP and like-minded since October 31 to protest the schedule for the next national election announced by the Election Commission (EC). Th

12/12/2023

Pink-themed movie phenomenon "Barbie" topped the list of nominees for Hollywood's Golden Globe awards on Monday with nine nods, outpacing the eight for historical drama "Oppenheimer."

Pink-themed movie phenomenon "Barbie" topped the list of nominees for Hollywood's Golden Globe awards on Monday with nine nods, outpacing the eight for historical drama "Oppenheimer." The two films - which featured in a summer box office clash dubbed "Barbenheimer" - will compete in different cate

12/12/2023

Apparel owners rule out any grounds for US trade and economic sanctions centering labour issues in Bangladesh's garment industry rather apprehend political repercussions over the coming polls. According to them, no such labour situation has arisen in Bangladesh's readymade garment sector for which the United States-their single-largest market--could impose sanctions.

Speaking amidst wild speculations about US actions in the context of concurrent politico-industrial troubles, the dollar-earning-industry stakeholders, however, didn't play down political reasons, and suggested that the government take measures to get out such situation, if any, through diplomatic channel.

Read the full news here: https://today.thefinancialexpress.com.bd/first-page/not-labour-issues-but-political-problems-might-be-excuse-1702314924

12/12/2023

Rapid advances in artificial intelligence (AI) such as Microsoft-backed OpenAI's ChatGPT are complicating governments' efforts to agree on laws governing the use of the technology.

Rapid advances in artificial intelligence (AI) such as Microsoft-backed OpenAI's ChatGPT are complicating governments' efforts to agree on laws governing the use of the technology. Here are the latest steps national and international governing bodies are taking to regulate AI tools: AUSTRALIA *

12/12/2023

Prime Minister Sheikh Hasina has asked for a study to check the feasibility of setting up a fertiliser plant in Bhola and run it with the natural gas found there.The government also plans to supply gas from Bhola to Khulna via pipeline.

Prime Minister Sheikh Hasina has asked for a study to check the feasibility of setting up a fertiliser plant in Bhola and run it with the natural gas found there. Cabinet Secretary Mahbub Hossain said the prime minister discussed ways to use the gas found in the island district after the Power, En

12/12/2023

Poor visibility caused by thick fog has disrupted the ferry services on Paturia-Daulatdia route since midnight, causing immense suffering of commuters.

Poor visibility caused by thick fog has disrupted the ferry services on Paturia-Daulatdia route since midnight, causing immense suffering of commuters. Mohiuddin Russell, manager of Aricha section of Bangladesh Inland Water Transport Corporation (BIWTC), said the ferry services remained suspended

12/12/2023

Dhaka ranked second on the global list of cities with the worst air quality this morning. The air in Dhaka city was classified as 'unhealthy' with an AQI score of 196 at 9:55 am.

Dhaka ranked second on the global list of cities with the worst air quality this morning. The air in Dhaka city was classified as 'unhealthy' with an AQI score of 196 at 9:55 am. India's Kolkata and Pakistan's Karachi occupied the first and third spots on the list, with AQI scores of 213 and 185,

12/12/2023

The essentials market has been left in the control of syndicates so that they can provide the ruling party leaders with their election expenses, BNP leader Ruhul Kabir Rizvi said on Monday.

The essentials market has been left in the control of syndicates so that they can provide the ruling party leaders with their election expenses, BNP leader Ruhul Kabir Rizvi said on Monday. "Awami oligarchs are looting the market," he said, adding that the government has no idea about commodity pr

12/12/2023

The stock market regulator has asked the Dhaka Stock Exchange (DSE) to investigate unusual price movements of state-run Shyampur Sugar Mills.The stock of the loss-making sugar manufacturer soared 70 per cent to Tk 156.20 between September 17 and October 26.

The stock market regulator has asked the Dhaka Stock Exchange (DSE) to investigate unusual price movements of state-run Shyampur Sugar Mills. A probe report has to be submitted within 20 working days from December 10, as per an order issued by the Bangladesh Securities and Exchange Commission (BSE

12/12/2023

This one happens to be a classic example of how huge revenue is suspected to be evaded. One Jabbar Ali sought electronically generated invoice after buying two whole grilled chickens from a restaurant but eventually had to receive manual one. The salesman at the counter of the GFC restaurant, located in Dhaka's Topkhana Road area expressed his inability to issue electronic invoice as the device remained out of order during the last two weeks.

"I had to accept the manual invoice from the shop, with a grain of suspicion over deposit of my paid VAT with the public exchequer," Mr Jabbar told the FE.

Read the full news here: https://today.thefinancialexpress.com.bd/first-page/most-machines-dysfunctional-new-placement-replacement-in-dilemma-1702314840

12/12/2023

UN Secretary-General António Guterres has called for the world to set its highest ambition for decarbonisation, aiming to limit the global temperature rise to 1.5 degrees Celsius.

UN Secretary-General António Guterres has called for the world to set its highest ambition for decarbonisation, aiming to limit the global temperature rise to 1.5 degrees Celsius. He made this statement on Monday during a pivotal moment at COP 28, the climate conference in Dubai which is sc

12/12/2023

Trading in the secondary market of the government's fixed income securities has surged by 90 per cent in the first five months of the current fiscal year (FY'24), compared to the same period of the previous fiscal (FY'23).

Trading in the secondary market of the government's fixed income securities has surged by 90 per cent in the first five months of the current fiscal year (FY'24), compared to the same period of the previous fiscal (FY'23). According to the data of Bangladesh Bank, the combined value of the transac

12/12/2023

When compared to the same quarter of the previous fiscal year, the state-run oceangoing vessel management authority's profit fell 17 per cent to Tk 503 million in the Q1 of FY24.

12/12/2023

The government has ordered the authorities concerned to step up the field-level monitoring over the onion prices and bring those who are trying to make extra profits under the laws.

The government has ordered the authorities concerned to step up the field-level monitoring over the onion prices and bring those who are trying to make extra profits under the laws. Cabinet Secretary Md Mahbub Hossain on Monday said this at the Secretariat while briefing reporters about the cabine

12/12/2023

Ongoing political unrest, is taking a toll on the business of the country's prime tourist town, Cox's Bazar. Many people willing to come to the tourist spot have apparently shelved their plan for now, leading to a notable fall in the earnings of tour operators, hotels and motels.

COX'S BAZAR, Dec 11: Ongoing political unrest, is taking a toll on the business of the country's prime tourist town, Cox's Bazar. Many people willing to come to the tourist spot have apparently shelved their plan for now, leading to a notable fall in the earnings of tour operators, hotels and motel

12/12/2023

According to the Bangladesh Bank, Green and sustainable financing of banks and non-bank financial institutions in terms of loans was recorded at Tk 378.29 billion during July-September 2023, in question against Tk 404.25 billion over previous quarter.

Green and sustainable financing of banks and non-bank financial institutions (NBFIs) dropped by 6.42 per cent during the July-September 2023 over the previous quarter. According to the Bangladesh Bank, such funding in terms of loans was recorded at Tk 378.29 billion during the period in question a

12/12/2023

The salesman at the counter of the GFC restaurant, located in Dhaka's Topkhana Road area expressed his inability to issue electronic invoice as the device remained out of order during the last two weeks.

This one happens to be a classic example of how huge revenue is suspected to be evaded. One Jabbar Ali sought electronically generated invoice after buying two whole grilled chickens from a restaurant but eventually had to receive manual one. The salesman at the counter of the GFC restaurant, loca

11/12/2023

A surveyor has gone missing after a lighter vessel carrying imported fertiliser sank in the Karnaphuli river of Chattogram.

11/12/2023

Jamuna Bank has unveiled its new logo to cope with the ever-changing world.

Jamuna Bank has unveiled its new logo to cope with the ever-changing world. Chairman of the bank Md Saidul Islam, along with all the directors of the bank, unveiled the logo at a grand ceremony at Sheraton in Dhaka city on Monday, according to a press release. The event was also attended by the b

11/12/2023

The High Court has dismissed a rule questioning the legality of the promotion proceedings at Sonali Bank.

The High Court has dismissed a rule questioning the legality of the promotion proceedings at Sonali Bank. The bench of Justice Md Khasruzzaman and Justice K M Zahid Sarwar delivered the verdict on Sunday after hearing the rule. The dismissal of the rule by the High Court means now there is no bar

11/12/2023

UN Secretary-General Antonio Guterres said on Monday one key to success of the COP28 climate summit was for nations to reach agreement on the need to "phase out" fossil fuels, albeit with countries possibly moving at different rates.

"The COP covers many aspects and it depends on the global balance but a central aspect, in my opinion, of the success of the COP will be for the COP to reach a consensus on the need to phase out fossil fuels," he told reporters.

Read the full news here: https://thefinancialexpress.com.bd/world/phasing-out-fossil-fuels-is-key-to-cop28-success-says-uns-guterres

11/12/2023

The convergence of higher food, feed and fuel prices, and a slow recovery from the global pandemic, has done serious harm to the health and livelihoods of millions of already vulnerable people in the Asia-Pacific region, says a new report by the Food and Agriculture Organization (FAO) of the United Nations released from Bangkok on Monday.

The convergence of higher food, feed and fuel prices, and a slow recovery from the global pandemic, has done serious harm to the health and livelihoods of millions of already vulnerable people in the Asia-Pacific region, says a new report by the Food and Agriculture Organization (FAO) of the United Nations released from Bangkok on Monday.

Read the full news here: https://thefinancialexpress.com.bd/world/millions-in-asia-pacific-unable-to-afford-healthy-diet-fao

11/12/2023

Italy’s households throw away 500,000 tonnes of food every year over the Christmas holidays, consumer association Assoutenti said on Sunday, reports UNB citing ANSA. It said fresh produce like fruit and vegetables are among the most frequently thrown-away foods, along with pasta, seafood, panettoni and even spumante sparkling wine.

The association estimates that the average Italian family will chuck up to 80 euros worth of food in the bin over the festive period.

Read the full news here: https://thefinancialexpress.com.bd/world/italy-to-throw-away-500000-tonnes-of-food-over-xmas

11/12/2023

As many as 51 aspirants got back their candidacy as the Election Commission on Monday heard their petitions and cleared the way for them to contest the upcoming national election on January 07.

With the new 51 aspirants, a total of 107 aspirants have so far got back their candidature in the first two days after the EC on Sunday started hearing and disposing of the appeals submitted against the cancellation or acceptance of nomination papers by the returning officers (ROs).

Read the full news here: https://thefinancialexpress.com.bd/national/51-more-aspirants-get-back-candidatures-monday

11/12/2023

The Election Commission (EC) has said that the Bangladesh Army will be deployed as a striking force during the upcoming 12th parliamentary elections, scheduled to be held on January 7.

The Election Commission (EC) has said that the Bangladesh Army will be deployed as a striking force during the upcoming 12th parliamentary elections, scheduled to be held on January 7. The decision came from the meeting of the EC with the principal staff of the Army on Monday evening, according to

11/12/2023

A two-year-old boy drowned in a pond at Gagorond village of Chanduriya union at Tanore upazila of Rajshahi on Monday.

A two-year-old boy drowned in a pond at Gagorond village of Chanduriya union at Tanore upazila of Rajshahi on Monday. The deceased was identified as Arafat Hossain Shihab, son of Suman Mondal of the village. Tanore Police Station Officer-in-Charge Abdur Rahim confirmed the matter. According to l

11/12/2023

Engineer Md Mohiuddin Ahmed was appointed as the chairman of the Bangladesh Telecommunication Regulatory Commission (BTRC).

Engineer Md Mohiuddin Ahmed was appointed as the chairman of the Bangladesh Telecommunication Regulatory Commission (BTRC). He is presently serving the telecoms regulator as vice-chairman, and will replace the present chairman Shyam Sunder Sikder on 14 December. He was made the chairman for the r

11/12/2023

Recently, a new movement has been gaining momentum, promising peak performance and a potentially extended lifespan.

Recently, a new movement has been gaining momentum, promising peak performance and a potentially extended lifespan. Biohacking, the art and science of optimising biology through methods drawn from various fields, is reshaping how individuals approach health and well-being. The genesis of biohackin

11/12/2023

Low back pain affects 1 in 13 people making it the leading cause of disability globally, said the World Health Organization (WHO) on Monday.

Low back pain affects 1 in 13 people making it the leading cause of disability globally, said the World Health Organization (WHO) on Monday. In 2020, approximately 1 in 13 people, equating to 619 million people, experienced low back pain, a 60 per cent increase from 1990, the UN health organisatio

11/12/2023

A number of big banks expect global growth to slow further in 2024, squeezed by elevated interest rates, higher energy prices and uncertainties in the world’s two largest economies, although they see less chances of a recession.

A number of big banks expect global growth to slow further in 2024, squeezed by elevated interest rates, higher energy prices and uncertainties in the world’s two largest economies, although they see less chances of a recession. The global economy is forecast to grow 2.9 per cent this year,

11/12/2023

A total of 5,26,240 children in six upazilas of Dhaka district will be administered vitamin A plus capsules on Tuesday.

A total of 5,26,240 children in six upazilas of Dhaka district will be administered vitamin A plus capsules on Tuesday. “Children aged 6-11 months will be fed blue colour capsules while children aged 12-59 months will be administered red colour capsules,” Dr Yasmin Nahar, deputy civil

11/12/2023

Onion prices dropped by Tk 40 per kg on Monday, thanks to the arrival of newly harvested Murikata and summer varieties in the markets, market sources said.

Onion prices dropped by Tk 40 per kg on Monday, thanks to the arrival of newly harvested Murikata and summer varieties in the markets, market sources said. On Monday, Murikata onion was retailing at Tk 100 per kg, imported onion at Tk 180, and local variety at Tk 200 per kg. A day before, Murikata

11/12/2023

To keep the price of onion stable, the local administration of Habiganj district on Monday fixed purchase limit for onion traders and consumers.

To keep the price of onion stable, the local administration of Habiganj district on Monday fixed purchase limit for onion traders and consumers. The decision was taken at a meeting over keeping the price of essentials including onion stable at the local market. The retail traders should not purch