However, rising interest rates have hampered the plans of the fully export-oriented and publicly listed company, reports bdnews24.com. Shasha Denims is not the only company affected by these high interest rates. Despite recommendations from economic analysts to let market forces dictate interest rates and raise the policy rate, the '9-6' interest cap remained in place. Syed Nasim Manzur, president of the Leather Goods and Footwear Manufacturers and Exporters Association of Bangladesh, said: "No country with double-digit interest rates sees its businesses profit. He attributed the hike to the $4.7 billion IMF loan, which increased interest rates, impacting businesses negatively.

October 12, 2024 18:53 UTC

The government has granted Grameen Bank a tax exemption until 2029, conditional upon submitting its income tax returns.Under the same condition, the non-profit religious charity As-Sunnah Foundation has been granted a tax exemption for income from donations until June of the same year.The National Board of Revenue, or NBR, issued separate gazette notifications on Thursday, specifying that the benefits can only be availed by complying with all regulations, including the timely filing of returns.Since its establishment in 1983 under a military ordinance, Grameen Bank has consistently received tax exemption benefits.This privilege falls under Section 33 of the Grameen Bank Ordinance, which has remained effective even after the ordinance was enacted into law in 2013.Muhammad Yunus, who served as the managing director of the bank for 28 years since its inception, is now the head of Bangladesh's interim government.Grameen Bank and Yunus were awarded the Nobel Peace Prize in 2006 in recognition of their efforts to alleviate poverty through microcredit.As-Sunnah Foundation, founded by Islamic scholar Sheikh Ahmadullah in 2017, focuses on various social services, including education and humanitarian work.The foundation's recent flood relief efforts have received considerable attention. —bdnews24.com

October 12, 2024 18:19 UTC

LONDON (AP) — Alex Salmond, the former first minister of Scotland who for decades championed Scotland’s independence from the U.K., has died. Tributes poured in from across the political spectrum, with U.K. Prime Minister Keir Starmer of the Labour Party calling him a “monumental figure” of both Scottish and British politics. FILE - Alex Salmond, former Scotland first minister, attends an Alba party meeting in Dundee, Scotland, on April 19, 2022. Salmond, as then leader of the Scottish National Party, led the independence campaign in the referendum in 2014, but lost, gaining 45% of the vote. He subsequently formed a new party called Alba — the Scottish Gaelic word for Scotland — and was acquitted of the charges.

October 12, 2024 18:16 UTC

DHAKA, Oct 12, 2024 (BSS) - Adviser to the interim government on the ministries of shipping, textiles and jute Brigadier General (Retd) M Sakhawat Hussain today said this year's Durga Puja is being celebrated peacefully in a very festive atmosphere across the country. "This year's Durga Puja is being celebrated peacefully in a very festive atmosphere across the country. The government has made maximum security arrangements for puja festival. Army has been deployed along with police-ansar," he said while visiting various puja mandaps in the city, according to a press release. This evening, the adviser visited various puja mandaps including Osmani Hall Puja Mandap of Bangladesh Textile University under Tejgaon Thana of the capital, Tejgaon Shilpanchal Thana Puja Mandap, BG Press Puja Mandap and exchanged greetings with Sanatan followers marking the Durga Puja.

October 12, 2024 17:54 UTC

Log in here »BURLINGTON, Vt. (AP) — A woman from China pleaded guilty on Friday to attempting to smuggle 29 eastern box turtles, a protected species, across a Vermont lake into Canada by kayak. As we navigate through unprecedented times, our journalists are working harder than ever to bring you the latest local updates to keep you safe and informed. Now, more than ever, we need your support. Starting at $14.99 plus taxes every four weeks you can access your Brandon Sun online and full access to all content as it appears on our website. Your pledge helps to ensure we provide the news that matters most to your community!

October 12, 2024 17:42 UTC





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October 12, 2024 17:15 UTC

Organisers seek to draw more international attention to Portugal as a growing hub for information technologyStudents participate in an event to attempt to break the Guinness Record for the world's largest computer programming lesson at a university in Lisbon, Portugal, October 12, 2024. REUTERS/Rodrigo AntunesStudents participate in an event to attempt to break the Guinness Record for the world's largest computer programming lesson at a university in Lisbon, Portugal, October 12, 2024. REUTERS/Rodrigo AntunesNearly 1,700 students aged between 12 and 67 gathered at the University of Lisbon's IST school of technology on Saturday to set a new Guinness World Record for the largest computer programming lesson in a single venue. The previous record grouped 724 participants in Dallas, in the United States, on Oct 31, 2016. "The final total was counted on how many people were here and 1,668 participants were achieved," said Guinness World Records Adjudicator Paulina Sapinska.

October 12, 2024 16:26 UTC

TRUCKEE, Calif. – On September 19, 2024, over 50 community members gathered at Alibi Ale Works in Truckee to engage with local housing experts and address the pressing housing challenges facing the Truckee Tahoe region. The event, co-hosted by several key housing organizations, brought together the Truckee Tahoe Workforce Housing Agency, Town of Truckee, Placer County, Tahoe Housing Hub, Placemate, Sierra Community House, and the Tahoe Truckee Community Foundation, along with residents eager to ask questions and learn about local housing solutions. The Hops and Homes event provided an informal yet productive setting for community members to connect with housing partners and discuss topics ranging from affordable housing developments to available resources for renters and homebuyers. Attendees were able to ask pressing questions about the housing landscape in the Truckee Tahoe area, helping to foster a stronger understanding of the regional efforts to address the housing crisis. Heidi Volkhardt Allstead, Executive Director, Truckee Tahoe Workforce Housing Agency.

October 12, 2024 16:20 UTC

Area annual inflation has fallen steadily in the past two-and-a-half years after peaking at 9.1% in March 2022. It’s also nearly the same as a median-price one-bedroom apartment in Denver, according to ApartmentList’s October data. In the Denver region, those went up 1.4% from a year ago, just like overall inflation. These days, housing prices and rents aren’t growing as fast as they were in recent years. Last week’s What’s Working poll asked readers about what would help them forget about the high inflation of recent years?

October 12, 2024 16:07 UTC

The country urges Bangladesh to ensure safety of Hindus and their places of worship during festivitiesIndia has called the attack on a Puja pavilion in Bangladesh and the theft of a crown gifted by Prime Minister Narendra Modi deplorable events. In a statement on Saturday, the Indian foreign ministry said: “We have noted with serious concern the attack on a Puja pavilion in Dhaka’s Tantibazar and the theft at the revered Jeshoreshwari Kali temple in Satkhira.”“These are deplorable events. On Thursday, the crown, a gift from Modi, was stolen from the Jeshoreshwari Kali temple during an annaprashan ceremony. In a separate incident, on Friday evening, a petrol bomb was thrown at a Puja pavilion in Tantibazar during the Durga Puja festival. Initial reports indicate that four volunteer workers at the pavilion were injured in the attack and have been admitted to Mitford Hospital for treatment.

October 12, 2024 15:45 UTC

KHULNA, Oct 12, 2024 (BSS) - Speakers at a programme here today recalled Bangladesh Federal Union of Journalists (BFUJ) President Ruhul Amin Gazi's contribution to journalism, saying that he fought throughout his life for realizing the journalists' rights. He fought throughout his life for realizing the rights of the country's journalists," BFUJ General Secretary Quader Gani Chowdhury said as the chief guest while addressing a civic memorial meeting commemorating Gazi at Khulna Press Club here. Metropolitan Union of Journalists (MUJ) organized the meeting with its President Md Anisuzzaman in the chair while BFUJ Assistant Secretary General Ehteshamul Haque Shaon addressed it as the chief speaker. The BFUJ general secretary said despite being sick during the recent anti-fascist movement, Gazi joined the protest on the streets and inspired other journalists to wage strong demonstrations. Dhaka Union of Journalists (DUJ) President Md Shahidul Islam, BNP City Unit President Advocate Shafiqul Alam Mona and Jamaat-e-Islami City Unit Ameer Professor Mahfuzur Rahman spoke as special guests.

October 12, 2024 15:06 UTC

DHAKA, Oct 12, 2024 (BSS) - The five-day Durga Puja, the biggest religious festival of the Bangalee Hindu community and a few small ethnic groups, will end tomorrow with the immersion of the idols of Goddess Durga and her children in water bodies across the country amid festivity. Amid tight security, idols of puja mandaps in the city and its outskirts will immerse in Buriganga and Turag rivers and Waisghat. As per the puja schedule, Maha Nabami Puja was celebrated today across the country. According to the information of the Bangladesh Puja Uthjapon Parishad, puja celebration was offered at a total of 31,461 puja mandaps across the country this year, including 252 puja mandaps in the capital. Like previous year, special security arrangements have been made across the country including the capital this year to celebrate Durga Puja in a peaceful atmosphere.

October 12, 2024 14:58 UTC

The announcement of the Brandon Santa Parade means the public can officially mark their calendars for the start of the winter holidays. Mr. and Mrs. Claus pose for a photo in 2023 before climbing up onto the Santa sleigh that is traditionally placed at the end of the Brandon Santa Parade. Now part of the new committee taking the reins on Santa’s sleigh this year, Hamm said she has ambitions to preserve Brandon’s holiday event and even to grow it. “They want to make sure it’s happening.”The Brandon Santa Parade is funded by a grant from the City of Brandon, as well as sponsorships. “The Brandon Santa Parade is an annual volunteer-led event that marks the official start of the holiday season in Brandon,” read a press release from the parade committee.

October 12, 2024 14:02 UTC

Residents say Israeli forces continue to pound Jabalia, which is in the north of the enclaveIsraeli strikes kill 19 people in Gaza, medics say, as tanks push deeper in the northDisplaced Palestinians make their way as they flee areas in the northern Gaza Strip, following an Israeli evacuation order, amid the Israel-Hamas conflict, in Gaza City October 12, 2024. REUTERS/Dawoud Abu AlkasDisplaced Palestinians make their way as they flee areas in the northern Gaza Strip, following an Israeli evacuation order, amid the Israel-Hamas conflict, in Gaza City October 12, 2024. REUTERS/Dawoud Abu AlkasIsraeli military strikes on Gaza overnight killed at least 19 Palestinians, medics said on Saturday, while forces continued to push deeper into the Jabalia area, where international relief agencies say thousands of people are trapped. Residents said Israeli forces continued to pound Jabalia, which is in the north of the enclave and is the largest of the enclave's historic refugee camps, from the air and ground. They have also voiced concerns over severe shortages of food, fuel, and medical supplies in northern Gaza, and said there is a risk of famine there.

October 12, 2024 14:01 UTC

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October 12, 2024 13:39 UTC