Businesses hold back on investment as high interest rates squeeze opportunities
However, rising interest rates have hampered the plans of the fully export-oriented and publicly listed company. Shasha Denims is not the only company affected by these high interest rates. As a result of these four consecutive hikes, loan interest rates at the customer level reached 14 percent. TWO-DIGIT INTEREST RATES: BUSINESS LEADERS QUESTION FEASIBILITYBusiness leaders expressed concerns at a seminar on Saturday about the rising interest rates on bank loans, fearing it will drive up business costs and reduce profitability. He explained that due to higher interest rates, his branch’s loan portfolio has dropped by 80 percent in the past year.
Source:bd News24
October 11, 2024 20:42 UTC
Obituary: ANNE CHARTIER
ANNE CHARTIERProvided PhotoJune 6, 1943 – April 7, 2024Anne was a great Tahoe friend and neighbor. She moved to California from New York in the late 70s. Anne graduated from San Jose State University with a Bachelor of Science degree. Anne enjoyed her many friends, activities, and her family back East. Walking on the Lake Tahoe beach was special to her.
Source:Daily Sun
October 11, 2024 20:32 UTC
“Una Velita”: Bad Bunny, Bureaucracy and Las Boricuas
Bad Bunny, the pioneer reggaetón artist and Puerto Rican icon, is beloved not just for his upbeat Latin tunes, but also for his unflinching political advocacy. In both the Instagram post he released this Sept. 23 and the song itself, Bad Bunny adamantly describes his frustration with the Puerto Rican government, speaking to their continued cruelty. When it comes to “Una Velita,” timing is everything. Bad Bunny writes for his people and el Borinquen; this single is a testament to the resilience of the island nation. And “Una Velita” is the flickering hope that persists despite the storm.
Source:Daily Sun
October 11, 2024 19:58 UTC
Turkey imposes duties on China, Russia, India, Japan steel imports
Duties imposed on imports from China range from around 15 percent to 43 percentEmployees work at a hot rolling plant during a government-organised media tour to Baoshan Iron & Steel Co., Ltd. (Baosteel), a subsidiary of China Baowu Steel Group, in Shanghai, China September 16, 2022. REUTERS/Aly Song/File PhotoTurkey imposed anti-dumping duties on some steel imports from China, Russia, India and Japan, an Official Gazette announcement said on Friday, with the highest tariffs on Chinese imports, boosting stocks of flat steel producers. The duties affect some 4 million tons of product imports with a value of some $2-2.2 billion, Turkish Steel Producers Association (TCUD) Secretary General Veysel Yayan told Reuters. TCUD's Yayan said he expected the capacity utilisation rates of domestic producers to increase after the imposition of the anti-dumping duty on hot-rolled flat steel imports. Duties imposed on imports from China range from around 15 percent to 43 percent, and tariffs imposed on imports from Russia, India and Japan range from 6 percent to 9 percent, according to the decision.
Source:bd News24
October 11, 2024 19:07 UTC
7, including Puja committee leader, face charges over Islamic song performance at pavilion
The case alleges the song disrupted the religious solemnity of the eventA case has been filed against seven people, including a leader of the Puja committee, in connection with the performance of Islamic song at the Puja pavilion in Chattogram's Jatra Mohon Sen Hall. The accused are Puja committee’s Joint General Secretary Sajal Dutta, Shahidul Karim, 42, Mohammad Nurul Islam, 34, Abdullah Iqbal, 30, Md Mamun, 27, Golam Mostafa, 36, and Md Roni, 28. The lyrics of one song reportedly offended the sentiments of Hindu devotees, prompting the Puja committee to stop the performance immediately. Metropolitan Puja Udjapan Parishad President Ashish Bhattacharya told bdnews24.com, "He [Sajal Dutta] did this on his own without informing any of us. We do not know why he [Sajal Dutta] invited them.
Source:bd News24
October 11, 2024 18:31 UTC
Camp Colton breaks ground on first phase of construction
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Source:Daily Sun
October 11, 2024 17:39 UTC
Experts for developing people-to-people contacts between Bangladesh, India
DHAKA, Oct 11, 2024 (BSS) - Academics, journalists and intellectuals at a seminar today underscored the need for developing people-to-people interaction and understanding between Bangladesh and India to make up for the miscommunication being taken place through media campaigns. So, we should develop more contacts and engagements with Indian civil society members, bureaucrats and common people," said the speakers. In the seminar, the academics and intellectuals also stressed the need for developing new and effective Bangladeshi narratives and counter flow of information against the Indian narratives centering the mass-upsurge and the country's minority issues. Political analyst Zaheed-Ur-Rahman said the way some Indian media outlets portrayed the July revolution and post revolution events is the reflection of its continued practice of spreading disinformation about Bangladesh in the last 15 years. Journalist and fact checker Qadaruddin Shishir said even before the student-led mass upsurge, there have been cases that maximum of Indian media outlets were spreading misinformation and disinformation over some significant events of Bangladesh.
Source:Bangladesh Sangbad Sangstha
October 11, 2024 17:30 UTC
Iranian president says Israel, backed by West, is 'killing innocent people
Sputnik/Alexander Scherbak/Pool via REUTERSIranian President Masoud Pezeshkian said on Friday that Israel should "stop killing innocent people", and that its actions in the Middle East were backed by the United States and the European Union. Pezeshkian was speaking to a Russian state TV reporter on the sidelines of an international meeting in Turkmenistan. Hezbollah is firing at Israel in support of its ally Hamas, which triggered Israel's ground offensive in Gaza following an Oct 7 attack on communities in southern Israel. "I would like to say to Israel: stop killing innocent people. Stop bombing residential buildings, people who have nothing anyway," said Pezeshkian, accusing Israel of violating every kind of international agreement.
Source:bd News24
October 11, 2024 17:28 UTC
GC Volleyball: Frost goes unbeaten through first half of district race
Daily Sun FILE Photo/Paul BorsellinoFrost Head Coach Elaine Woods gives a High 5 to her team in an earlier match. Woods' Frost Lady Bears have been on fire and are 4-0 at the halfway mark in the district race.
Source:Daily Sun
October 11, 2024 16:35 UTC
No chance for political gain from religious conflict, says Advisor Nahid
The advisor vows to maintain communal harmony and safety during religious festivalsNo chance for political gain from religious conflict, says Advisor NahidThere will be no opportunities for political gain through the creation of religious conflicts in the future, says ICT Advisor Nahid Islam. During his visit to a Durga Puja pavilion organised by the Dhanmondi Sarbojanin Puja Uddjapan Committee in Dhaka’s Kalabagan on Friday, Nahid said attempts have been made to derive political benefits through religious conflict at different times. The stability of a country depends on its religious harmony. We want to maintain religious harmony in Bangladesh. Nahid exchanged greetings with devotees at the Puja pavilion during his visit.
Source:bd News24
October 11, 2024 16:11 UTC
Scattered showers likely in all divisions over next two days
Scattered showers likely in all divisions over next two daysPeople enjoy the downpour brought on by the monsoon trough at Dhaka University area on Thursday, Oct 3, 2024. Photo: Mahmud Zaman OviScattered light rain is expected across all divisions over the next couple of days, the Bangladesh Meteorological Department has forecast. Meteorologist Hafizur Rahman told bdnews24.com on Friday evening, “Almost all divisions are likely to experience one or two spells of rain in the next two days. Sylhet recorded the highest rainfall in the country with 24 millimetres in the last 24 hours, while other divisions remained mostly dry. The bulletin also said the flood situation in the low-lying areas near the Jinjiram River in Jamalpur is expected to improve over the next three days.
Source:bd News24
October 11, 2024 15:04 UTC
Maha Ashtami celebrated amid enthusiasm
DHAKA, Oct 11, 2024 (BSS) – The third day of Maha Ashtami of the five-day ‘Sharadiyo Durga Puja’ was celebrated across the country today including the capital city amid enthusiasm and religious fervour by observing different rituals including offering Anjali and Kumari Puja. The Ramakrishna Mission Mandir in the capital experienced huge crowds as devotees came to visit the place to offer their puja on Maha Ashtami. Kumari Puja was held at Ramakrishna Mission in the capital at 10:30 am. In the morning, Sanatan devotees thronged various puja mandaps at the districts and upazila towns across the country including the capital city to offer blessings and prayers at Kumari Puja on Friday. Maha Nabami of ‘Sharadiyo Durgotsab’ will be celebrated tomorrow.
Source:Bangladesh Sangbad Sangstha
October 11, 2024 14:50 UTC
Dengue death toll surpasses 200 as 2 more die, 490 hospitalised
The number of hospitalised dengue patients across the country is 40,895 this yearTwo people have died of dengue, while 490 more patients have been hospitalised with the Aedes mosquito-borne disease across the country in the past 24 hours. The Directorate General of Health Services, or DGHS, said as many as 225 were hospitalised in Dhaka among the new dengue patients until Friday morning. With the new counts, the number of hospitalised dengue patients has reached 40, 895 this year. The DGHS has been keeping records of dengue hospitalisations and deaths since 2000. Since then, a record 321,179 dengue hospitalisations were logged in 2023.
Source:bd News24
October 11, 2024 14:23 UTC
Suspended International Graduate Student Can Continue Studies Remotely, Remains Barred from Campus, Interim Provost Decides
Race and Processes of Racialization” under the Africana Studies and Research Center — was valuable for his academic career. Taal was suspended on Sept. 23 after he participated in a pro-Palestinian protest that shut down a Statler Hall career fair featuring defense contractors L3Harris and Boeing. Since Taal already completed all coursework for his graduate degree, he will not be allowed to physically return to campus. Instead, Siliciano said that Taal would be allowed to access University materials online to continue his dissertation work. The MOA gives the union the right to bargain over the effects of academic discipline of graduate students as long as it affects their working conditions.
Source:Daily Sun
October 11, 2024 13:45 UTC
Manipulation involved in rising price of eggs, advisor says
Fisheries and Livestock Advisor Farida Akhter believes that manipulation may be involved in the recent hike in prices in the egg market. Meanwhile, the price of eggs has gone up to Tk 15 per piece. Seventy percent of the price of eggs depends on feed cost and the cost of feed had not gone up during this period, she noted. She said there was manipulation involved and said that such manipulation of the market should be considered a crime. Farida said that media reports say that egg prices are dropping due to imports, which shows some manipulation was involved and some quarter had driven up the price artificially.
Source:bd News24
October 11, 2024 11:38 UTC