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Staff Reporter :The new administration of the financial institution International Leasing and Financial Services Limited (ILFSL), led by its Chairman of the board of directors and former secretary Nazrul Islam Khan, has paid around Tk139.6 crore back to its 4,652 clients after resuming in the office. “We have already paid the amount back to the clients. Initially, we have targeted the small investors as the number of small investors is huge. Paying the small investors, we are trying to manage...
Staff Reporter :As a result of high inflation, severe rate hikes, and the conflict in Ukraine, there is currently a 98.1% risk of a global recession, according to a probability model run by Ned Davis Research.“This indicates that the risk of a severe global recession is rising for some time in 2023,” economists at Ned Davis Research wrote in a report last Friday.Economists and investors are becoming more pessimist as central banks intensify their attempts to rein in inflation, according...
Staff Reporter :Document Verification System (DVS) will bring some positive changes to the accounting system of the country, experts at a discussion said.But, a combined effort from the business community, Financial Reporting Council, ICAB and the stakeholders are required to enhance the credibility and transparency in the accounting system through DVS, they added.They made the comments while speaking at a discussion on Document Verification System (DVS) jointly organized by the Institute of Chartered Accountants of Bangladesh (ICAB) and Bangladesh Institute...
Staff Reporter :Police have recovered the dead body of a British citizen from a hotel in the capital’s Uttara area on Thursday morning. The deceased has been identified as Dugland Finlans who came to Bangladesh with a tourist visa.According to sources, at 9:30am, Dugald Finlayson’s friend Dong Hao Peng knocked the door of the room Dugald in the hotel.When there was no response from inside the room, the door was opened with the help of the hotel authority with a...
Reuters :A signing ceremony would take place on Friday ‘on agreements on the accession of new territories into the Russian Federation’File photo: Russian President Vladimir Putin chairs a meeting with members of the Security Council via a teleconference call in Moscow on June 22, 2022 AFPPresident Vladimir Putin will hold a signing ceremony in the Kremlin on Friday to add four territories of Ukraine into Russia, his spokesman said.Kremlin spokesman Dmitry Peskov said a signing ceremony would take place at...
Ambitious Cameron Norrie powered his way to a dominant 6-2, 6-2 victory over Kaichi Uchida on Thursday to advance to the quarterfinals of the Korea Open. The 27-year-old Briton has won two titles this year, making it into the top 10 for the first time in his career and reaching the semi-finals at Wimbledon. He wasted no time taking down Japan’s Uchida, breaking two of his serves in each set for a quick victory in one hour and three minutes....
The five members of Bangladesh Women's Football team with Deputy Chief of Ghagra Army Zone Major Ashiqur Rahman pose for a photo session at Ghagra Army Camp in Rangamati district on Thursday.
Sports Reporter :Ghagra Army Zone of Rangamati district accorded a reception to five members of Bangladesh Women’s Football team on Thursday noon. Bangladesh Women’s Football team emerged the champions in...
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BSS :The Ministry of Commerce has accepted the proposal for issuing trade licenses for at least five years instead of a one-year renewal culture to improve the ease of doing business.The Business Initiative Leading Development (BUILD) came up with the proposal at its 9th Trade and Investment Working Committee (T&IWC) Meeting.Ministry of Commerce and BUILD jointly organised the meeting at the Bangladesh Secretariat yesterday. Tapan Kanti Ghosh, Senior Secretary of the Ministry of Commerce and Md. Saiful Islam, President of...
Staff Reporter :Crony Group, a 100 per cent export-oriented garments manufacturing company, commitment to environmental sustainability is unprecedented and the entire group has decided to go for USGBC (LEED) certification.Apart from the commitment, it signed a Memorandum of Understanding (MOU) at Abanti Colour Tex factory premises between Crony Group and 360 TSL Green Consultancy Services for USGBC (LEED) certifications on Wednesday.BGMEA Director and Chairperson of Crony Group Neela Hosna Ara, former First Vice President of BKMEA and Managing Director of...
BSS :Stocks today extended the winning streak for the second straight session as investors continued their buying spree on large-cap issues amid optimism.DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), went up by 16.50 points or 0.25 per cent to settle at 6,512.89, after gaining 7.34 points in the previous day. Two other indices edged higher. The DS30 index, comprising blue chips, gained 7.28 points to close at 2,330 and the DSE Shariah Index (DSES) rose 4.32 points...
Staff Reporter :Well Food & Beverage Company Limited, a concern of the country’s leading business conglomerate, Well Group, has signed a Memorandum of Understanding (MoU) with Ibrar Tipu Academy of Music (ITAM) in view to extend support in implementing different innovative projects and programs undertaken by ITAM.The signing ceremony took place last Monday at the head office of Well Group at RAOWA Complex, VIP Road, Mohakhali in the capital.Director of Well Group, Syed Zabeer Hassan, son of the Chairman &...
Staff Reporter :The Bangladesh Bank raised its key interest rate which is known as the policy rate for the third time this year from 5.50 per cent to 5.75 per cent to tackle inflationary pressure, according to a circular issued by the central bank on Thursday.Bangladesh Bank today hiked its key interest rate or policy rate by 25 basis points to 5.75 per cent with a view to containing the inflationary pressure.The latest hike came just after less than three...
BSS :The United States announced on Wednesday a new package of arms and supplies for Ukraine worth $1.1 billion for reinforcing Kyiv’s forces over the medium and long term. The package of orders for US military suppliers includes Himars missile systems and ammunition, systems to counter drones, radars and armored vehicles, according to a Defense Department statement.The package “represents a multi-year investment in critical capabilities to build the enduring strength of Ukraine’s Armed Forces” as they continue to battle the...
Sheikh Arif Bulbon :Now viewers are showing their keen interest to watch good story based works. For this reason, recently directors and producers are coming forward to release their good...
Entertainment Report :Dhallywood’s popular actor Misha Sawdagar, who is commonly known for playing negative roles, will star in Chorki original limited series, ‘Jodi Ami Beche Firi.’ The official trailer of...
Entertainment Report :Saberi Alam is a noted actress of the country. In television dramas, she is an outstanding actress in role of mother. Saberi Alam has already finished shooting of...
Entertainment Desk :This time a love story between Imtu and Priyanka has taken place. They are getting married right after the festival of Durga Puja. Even though not in real...
Jonas Ludwig, PhD :Let’s consider this puzzle: If five machines can make five widgets in five minutes, how long would it take 100 machines to make 100 widgets? Take a moment to think about it.Many of us are familiar with these kinds of cognitive tasks that often lead to biased responses. The question is what psychology can contribute to explaining how people handle these tasks and why they are so likely to make mistakes.The above problem is part of the...
Suzanne Bender, MD :Olivia buries her head in her hands. We are having a family meeting to discuss her increasing anxiety, dysphoria, and insomnia over the past few months. One clear stressor is her honors physics class taught by Mr. Nash, a notoriously difficult class at her public high school. Olivia has fallen behind on assigned projects, but Mr. Nash has offered her an incomplete with the opportunity to finish work over winter break. Over the holiday, Olivia hasn’t touched...