Latest news with #CHT
NDTV
2 days ago
- Business
- NDTV
Bangladesh Drops Bangabandhu From Taka. Hindu, Buddhist Heritage Showcased
Quick Read Summary is AI generated, newsroom reviewed. Bangladesh unveiled new currency notes without Sheikh Mujibur Rahman's image. Critics argue this decision undermines the legacy of the nation's founder. The new notes will feature cultural landmarks instead of human portraits. Dhaka: Bangladesh's interim government has taken another step in eroding the legacy of 'Bangabandhu' Sheikh Mujibur Rahman, the founding father of the nation. On Monday, Muhammad Yunus, the chief adviser of Bangladesh, unveiled new currency notes that will soon come into circulation - however, these won't feature Bangabandhu on it. Critics of the Yunus Government see this as an effort to wipe out the legacy of the Father of the Nation. This comes after other similar steps, like rewriting history books and diluting Sheikh Mujibur Rahman's contribution in Bangladesh's freedom struggle, and removing his statues from several prominent locations. Instead of Sheikh Mujib, the redesigned Taka notes feature the cultural landmarks of Bangladesh. Since 1971, when Bangladesh gained independence from West Pakistan, Sheikh Mujibur Rehman's image has featured on all banknotes. Justifying the decision to remove Bangabandhu's image, authorities in Bangladesh say that the move is a step towards depoliticising national symbols amid heightened political tension in the country. Besides landmarks of historical and cultural significance to Islam, the new banknotes, authorities say, also include images of Hindu and Buddhist temples. This comes at a time when Dhaka is facing international pressure over the plight of minorities in Bangladesh. Earlier this year, while announcing the new banknotes, the interim government led by Muhammad Yunus had said that they will incorporate the "historical and archaeological architecture of Bangladesh". Giving a glimpse of what the new currency notes would look like, Mr Yunus wrote on social media platform X that he had been "handed over images of six newly designed banknotes following a meeting of the advisory council" at his Office today. Bangladesh Bank governor Dr Ahsan H. Mansur, accompanied by Finance Adviser Salehuddin Ahmed, Law Adviser Asif Nazrul, Chittagong Hill Tracts (CHT) Affairs Adviser Supradip Chakma and Local Government Adviser Asif Mahmud Sajeeb Bhuiyan, handed over images of six newly designed… — Chief Adviser of the Government of Bangladesh (@ChiefAdviserGoB) June 2, 2025 Arif Hossain Khan, spokesperson of Bangladesh Bank - the country's central bank - told news agency AFP that "Under the new series and design, the notes will not feature any human portraits, but will instead showcase natural landscapes and traditional landmarks." Releasing notes for three denominations - Taka 1000, Taka 50, and Taka 20 - Bangladesh Bank said that all existing banknotes and coins featuring Sheikh Mujibur Rahman will also remain in circulation alongside the new notes. In April this year, an order by the interim government to halt the issue of currency notes featuring Bangabandhu had led to the abrupt halt in printing and circulating cash in the country. This led to a shortfall of currency notes in the market. According to sources, Bangladesh Bank reports an annual demand for 1.5 billion new bank notes of different denominations. The country does not have the capacity to replace the existing currency notes, especially in the informal economy which forms around an estimated 40 per cent of GDP of the country largely dependent on cash transactions.
The Hindu
6 days ago
- Science
- The Hindu
VTU Kalaburagi Regional Centre distributes laptops among SC/ST students
In an initiative aimed at bridging the digital divide and promoting inclusive education, the Visvesvaraya Technological University (VTU) Regional Centre in Kalaburagi distributed laptops to 70 eligible students from Scheduled Caste (SC) and Scheduled Tribe (ST) communities. The distribution ceremony took place at the VTU's Regional Centre for Postgraduate Studies in Kalaburagi on Friday. Beneficiaries included students from MTech programmes (CSE, VLSI, CCT, and CHT), MCA, MBA, and undergraduate courses in Computer Science and Electronics. Addressing the students on the occasion, B. Shambhu Lingappa, director of VTU's Regional Centre for Postgraduate Studies, Kalaburagi, lauded VTU Vice-Chancellor S. Vidyashankar for consistently prioritising student welfare and holistic development. 'Mr. Vidyashankar's initiatives to distribute laptops among the students from marginalised sections for enhancing the academic and technical proficiency of students is commendable. This initiative, spearheaded by VTU's SC/ST Cell, is a significant step towards ensuring equal access to digital resources and fostering educational empowerment. It reflects the university's commitment to supporting students from disadvantaged communities in their academic pursuits. The procurement and implementation of the laptop distribution programme was made possible through the efforts of Pralhad Rathod, Liaison Officer (Belagavi), who played a pivotal role in its execution,' he said. He also reaffirmed VTU's dedication to providing all students with an equitable and technologically advanced learning environment by stating that the initiative marked another significant stride towards empowering students from underprivileged backgrounds and reducing the digital divide in higher education. Programme coordinators M.A. Waheed, Satish Upalonkar, and Brijbhushan, SC/ST Coordinator Rahul Moolbharati were present.
Yahoo
17-05-2025
- Business
- Yahoo
TEF vs. CHT: Which Stock Is the Better Value Option?
Investors interested in Diversified Communication Services stocks are likely familiar with Telefonica (TEF) and Chunghwa (CHT). But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look. The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits. Currently, Telefonica has a Zacks Rank of #2 (Buy), while Chunghwa has a Zacks Rank of #3 (Hold). This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that TEF is likely seeing its earnings outlook improve to a greater extent. But this is just one factor that value investors are interested in. Value investors analyze a variety of traditional, tried-and-true metrics to help find companies that they believe are undervalued at their current share price levels. Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use. TEF currently has a forward P/E ratio of 12.20, while CHT has a forward P/E of 28.66. We also note that TEF has a PEG ratio of 0.71. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. CHT currently has a PEG ratio of 22.74. Another notable valuation metric for TEF is its P/B ratio of 1.11. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, CHT has a P/B of 2.72. These are just a few of the metrics contributing to TEF's Value grade of A and CHT's Value grade of D. TEF stands above CHT thanks to its solid earnings outlook, and based on these valuation figures, we also feel that TEF is the superior value option right now. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Telefonica SA (TEF) : Free Stock Analysis Report Chunghwa Telecom Co., Ltd. (CHT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-05-2025
- Business
- Yahoo
Chunghwa: Q1 Earnings Snapshot
TAIPEI, Taiwan (AP) — TAIPEI, Taiwan (AP) — Chunghwa Telecom Co. (CHT) on Thursday reported earnings of $297.9 million in its first quarter. On a per-share basis, the Taipei, Taiwan-based company said it had profit of 38 cents. The telecommunications company posted revenue of $1.7 billion in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on CHT at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
San Francisco Chronicle
08-05-2025
- Business
- San Francisco Chronicle
Chunghwa: Q1 Earnings Snapshot
TAIPEI, Taiwan (AP) — TAIPEI, Taiwan (AP) — Chunghwa Telecom Co. (CHT) on Thursday reported earnings of $297.9 million in its first quarter. On a per-share basis, the Taipei, Taiwan-based company said it had profit of 38 cents. The telecommunications company posted revenue of $1.7 billion in the period. _____
