Bangladesh Financial News

World Cup 2023 has been marked by exceptional individual performances. Let’s take a look at those who won the Player of the Match award so far. KL Rahul's performance against Australia set a high bar for the tournament.

World Cup final on 19 November. Australia won the second semi-final against South Africa and let us take a look at the top wicket-takers in this World Cup ahead of the final clash. Mohammed Shami made history as he registered the best wickets by an Indian bowler in World Cup history.

Cyclone Midhili can turn into a cyclonic storm over the next 24 hours and cross the Bangladesh coast between Mongla and Khepupara. "The system is likely to continue to move north-northeastwards, intensify further into a cyclonic storm over the next 24 hours, and cross the Bangladesh coast between Mongla and Khepupara in the early hours on Saturday, with a wind speed of 55-65 km, gusting up to 75 kmph," the bulletin stated as per news agency PTI.

Bangladesh will hold the much-awaited general elections on January 7, the country's chief election commissioner announced on Wednesday. Chief Election Commissioner Kazi Habibul Awal announced the dates during an address to the nation that was telecast live.

With 20 employees, these businesses generated a revenue of approximately INR 2,300 million (ca. ~EUR 25 million) in the financial year that ended on March 31, 2023.

TOI stated that Kazi Nazrul Islam's grandson and granddaughter have refused to accept the apology from the makers. The rendition of ‘Karar oi louho kopat’ (Iron bars of jail) was released in the war movie ‘Pippa’ which stars Ishaan Khatter and Mrunal Thakur in the lead. The film is based on real-life events that happened during the 1971 war between India-Pakistan which led to the birth of Bangladesh.

India-Canada row: Justin Trudeau doubles down on claim, says ‘if bigger countries violate law without consequences…’ "We note the enactment of the National Housing Strategy Act, Accessible Canada Act, and National strategy to combat human trafficking," said Hussain addressing the UNHRC review meeting. "India recommends the following to Canada - further, strengthen the domestic framework to prevent misuse of freedom of expression, for inciting violence and disallow activities of groups that are promoting extremism; effectively prevent attacks on places of worship of religious and racial minorities, strengthen legislative and other measures to address hate crimes and hate speech," the Indian diplomat said.

Bharat Mandapam (Pragati Maidan) is set to come alive as the India International Trade Fair (IITF) opens its doors on November 14, marking a significant annual event for the capital. Officials have revealed that this year's theme is «Vasudhaiva Kutumbakam — United by Trade,» emphasizing global unity through commerce. Trade Fair participants: With participation from 28 states and Union territories, IITF 2023 promises a vibrant display of diversity and business acumen until November 27.

PTI reported. In an official statement, the DMRC said the entry tickets will be available at only 55 selected metro stations including Shaheed Sthal (New Bus Adda), Dilshad Garden, Shahdara, Inderlok, Netaji Subhash Place, Rohini West, Rithala, Noida City Centre, Mandi House, Kashmere Gate and Barakhamba station among others.

India has spearheaded recommendations for Canada to fortify measures preventing attacks on worship places and effectively address hate speech. The proposals were presented during the UN Human Rights Council Review meeting, where diplomats from India, Bangladesh, and Sri Lanka shared their insights and recommendations. Indian diplomat Mohammed Hussain noted legislative enactments such as the National Housing Strategy Act and the Accessible Canada Act while addressing the issue at the Council meeting. «We note the enactment of the National Housing Strategy Act, Accessible Canada act, and National strategy to combat human trafficking,» said Hussain addressing the UNHRC review meeting. India also recommended that Canada strengthen its domestic framework to prevent the misuse of freedom of expression, particularly for inciting violence. Additionally, India urged Canada to disallow activities of groups promoting extremism, prevent attacks on places of worship of religious and racial minorities, and enhance measures to address hate crimes and hate speech. «India recommends the following to Canada — further, strengthen the domestic framework to prevent misuse of freedom of expression, for inciting violence and disallow activities of groups that are promoting extremism; effectively prevent attacks on places of worship of religious and racial minorities, strengthen legislative and other measures to address hate crimes and hate speech,» he also said. Bangladesh diplomat Abdullah Al Forhad commended Canada's progress in human rights protection and acknowledged the ongoing implementation of its strategy to combat human trafficking.

Kuldeep Yadav expects the bowlers to have a tough time at Mumbai's batsman-friendly Wankhede Stadium when the hosts take on New Zealand in their World Cup semi-final on Wednesday. South Africa posted 399-7 against England and 382-5 against Bangladesh while India made 357-8 against Sri Lanka at the venue before Glenn Maxwell smashed an extraordinary double century as Australia chased down 291 against Afghanistan last week. «It's a difficult venue to bowl in. The bounce is true and batsmen often dominate there.

$553 million investment from the United States government for its West Container Terminal in Colombo, Sri Lanka, Karan Adani, CEO of Adani Group told reporters Adani Ports is eyeing further “opportunities in our neighboring countries", Bloomberg reported. Speaking to reporters in Colombo Adani also said the US financing, backed by the International Development Finance Corporation, is a "reaffirmation" of international support for the Indian conglomerate's companies. According to Adani, the neighbouring countries include potential ventures in Bangladesh, Vietnam, and Tanzania, besides the existing plans in Sri Lanka and Israel.

Karan Adani boasted that a newly inked $553 million US government financing deal toward a port terminal being developed by his family’s conglomerate was a “reaffirmation by the international community.” The announcement marked a welcome reprieve for India’s Adani Group following a damaging short-seller attack and a number of corporate fraud allegations leveled against it this year. It also signaled Washington’s endorsement for the port empire owned by Karan’s father and billionaire Gautam Adani — seen as a close ally of Prime Minister Narendra Modi — that would help curb China’s maritime influence in the Indian ocean. Those waters account for more than one-third of the world’s bulk cargo traffic and two-thirds of oil shipments. Chakri Lokapriya, chief investment officer at TCG Asset Management Co. in Mumbai, called Adani’s port ambitions a “strategic” play, assisting India to counter China’s own string of ports in its backyard, stretching from Sri Lanka to Pakistan. Now Adani Ports and Special Economic Zone Ltd., seen as the conglomerate’s crown jewel, is eyeing further “opportunities in our neighboring countries,” Karan Adani, the operator’s chief executive officer, told Bloomberg News in the Sri Lankan capital. Those include potential ventures in Bangladesh, as well as East African and Southeast Asian nations, including Tanzania and Vietnam, adding to its existing Sri Lanka and Israel developments, he said. In a world that’s “looking beyond China — it is indeed a Chinese-styled expansion by Adani,” said Sanjiv Bhasin, director at Mumbai-based IIFL Securities Ltd.

World Cup match against the Netherlands at Bengaluru. With the Dutch crawling in their chase of 411 to win, India skipper Rohit Sharma threw the ball to Virat Kohli who sent back opposition captain Scott Edwards, caught behind in his second over off a ball drifting down the leg side. It was only Virat Kohli's fifth career ODI wicket from his gentle medium-pace and first since 2014 when he dismissed New Zealand captain Brendon McCullum in Wellington.

Rohit Sharma and Shubman Gill reach the milestone of most hundred-run partnerships this year in ODIs. The landmark came at the 45th match of the World Cup 2023 against the Netherlands at M. Chinnaswamy Stadium in Bengaluru on Sunday.

India voted in favour of five resolutions relating to the situation in the Middle East, including one that condemned Israeli settlement activities in the Occupied Palestinian Territory, and abstained on one resolution. The Fourth Committee (Special Political and Decolonization) of the UN General Assembly approved six draft resolutions on November 9 all by recorded votes, relating to the situation in the Middle East, including the Palestinian question.

Virat Kohli smashed his record-equaling 49th century in ODIs, leveling 'God of Cricket' Sachin Tendulkar for the iconic milestone while playing against South Africa in the 2023 World Cup. Though the entire cricketing community applauded Kohli, Sri Lanka captain Kusal Mendis when asked if he would like to pass on his tribute to the Indian batter, had replied, “Why I would congratulate him?" After a dismal performance in the World Cup, the Sri Lankan returned home. In 9 league matches, Sri Lanka won only 2 matches.

Bangladesh has been rocked by the worst labour unrest in a decade with tens of thousands of workers clashing with police, demanding a near-tripling of the minimum wage to 23,000 taka ($208). Scores of factories have been damaged. Bangladesh's 3,500 garment factories account for around 85 percent of its $55 billion in annual exports, supplying many of the world's top brands including Levi's, Zara and H&M. But conditions are dire for many of the sector's four million workers, the vast majority of whom are women whose monthly pay, until recently, started at 8,300 taka ($75). A government-appointed panel raised the sector's wage by 56.25 percent on Tuesday to 12,500 taka, but garment workers have rejected the hike.

Srinagar district on Saturday, police said on Sunday. According to officials, three tourists from Bangladesh namely Anindaya Kowshal, Das Gupta, and Mohammad Moinud, who were staying in houseboat Safeena lost their lives in the devastating fire, they added. «Three dead while eight people were rescued after several houseboats gutted in a massive fire in Dal Lake,» Jammu and Kashmir police said on Sunday.

Mitch Marsh has recaptured his form at No.3 with a big century to ensure Australia will go into the World Cup semi-finals on the back of seven straight wins and an eight-wicket victory over Bangladesh.

The US dollar crisis in Bangladesh has intensified as the open market rate soared to Tk128 per dollar Today, a sharp increase from the rate earlier in the week. Despite the Bangladesh Bank's (BB) stringent directives and warnings of harsh penalties for non-compliance, banks and money changers continue to bypass BB's fixed exchange rates, leading to a surge in illegal currency trading.