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US to propose ban on Chinese software, hardware in connected vehicles

2024-09-23 00:00:00

WASHINGTON, Sept 22 (Reuters): The US Commerce Department is expected on Monday to propose prohibiting Chinese software and hardware in connected and autonomous vehicles on American roads due to national security concerns, two sources told Reuters.The Biden administration has raised...

Vodafone Idea concludes $3.6b network equipment deal

2024-09-23 00:00:00

MUMBAI, Sept 22 (Reuters): India's Vodafone Idea on Sunday concluded a $3.6 billion deal with mobile and network manufacturers Nokia, Ericsson and Samsung for supply of equipment over a period of three years, it said in a statement to exchanges."The...

Global equity funds draw big inflows ahead of Fed rate cut

2024-09-23 00:00:00

Global investors scooped up equity funds in the week to Sept. 18, anticipating the Federal Reserve's interest rate cut to initiate its long-awaited reduction cycle, reports Reuters.According to LSEG data, investors acquired a net $5.21 billion worth of equity funds...

JMI Group celebrates World Peace Day 2024

2024-09-23 00:00:00

JMI Group, one of the leading companies in the pharmaceutical and medical equipment manufacturing sector of the country, celebrated the 'World Peace Day-2024' on Saturday. Founder and Managing Director of JMI Group Md Abdur Razzaq inaugurated the peace rally by...

Shakawath wins South Asian Travel Award

2024-09-23 00:00:00

Md Shakawath Hossain, Chief Executive Officer of Unique Hotel & Resorts PLC, has been honoured with the Tourism Face of South Asia Award at the prestigious 8th Edition of the South Asian Travel Awards (SATA) 2024. The award ceremony took...

Eastern Insurance's donation for flood victims

2024-09-23 00:00:00

Employees of Eastern Insurance Company Limited donated their one-day salary and the company also contributed to the Chief Advisor's Relief and Welfare Fund for the flood-affected people. High officials of the company handed over a cheque to Faruk E Azam,...

Uttara Bank opens Pahartali Sub-branch

2024-09-23 00:00:00

Mohammed Rabiul Hossain, Managing Director & CEO of Uttara Bank PLC, inaugurated the 41st Sub-Branch of the bank named at Pahartali in Chattogram on Sunday. Deputy Managing Director Md. Rezaul Karim along with Mohammad Liton Pasa Khan, General Manager and...

Sonali Bank holds 30th SMT Meeting

2024-09-23 00:00:00

The 30th Senior Management Team (SMT) meeting of Sonali Bank PLC was held at the bank's head office conference room on Sunday. SMT Chairman and CEO & Managing Director (Current Charge) of Sonali Bank Sanchia Binte Ali presided over the...

MODHUMOTI BANK HOLDS 80TH BOARD MEETING

2024-09-23 00:00:00

The 80th meeting of the board of directors of Modhumoti Bank was held on Sunday. Humayun Kabir, the chairman of the board of directors, was present at the meeting. Nemai Kumar Saha, Mostafa Kamal, Tanjima Binthe Mostafa, Humayun Kabir Bablu,...

AIB OPENS 225TH BRANCH IN BHERAMARA, KUSHTIA

2024-09-23 00:00:00

Al-Arafah Islami Bank (AIB) opened its 225th branch at Bheramara, Kushtia on Sunday. Managing Director and CEO Farman R. Chowdhury inaugurated the new branch as the chief guest. Senior Executive Vice President Md Habib Ullah and Professor of Bheramara Adarsha...

PRIME BANK SIGNS AGREEMENT WITH NIPPON SIGNAL BANGLADESH

2024-09-23 00:00:00

Prime Bank recently signed an agreement with Nippon Signal Bangladesh at the bank's corporate office. Under the agreement, Prime Bank will extend exclusive benefits to employees of Nippon Signal Bangladesh. The employees will be able to avail preferential banking service...

Sayeed new Cargo Vessel Owners Assoc president

2024-09-23 00:00:00

Bangladesh Cargo Vessel Owners Association has unanimously elected Sayeed Ahmed as its president and Mehboob Kabir as general secretary, says a press release.Members of the Executive Committee elected them at a meeting of the organisation at its office at Kakrail...

ICSB Chattogram branch opens

2024-09-23 00:00:00

The Institute of Chartered Secretaries of Bangladesh (ICSB) opened its Chattogram Branch and organised an orientation programme for the 1st Batch of Chartered Secretary (CS) Course in Chattogram on Saturday, says a press release.Md Delowar Hossain, Chairman of Chattogram Regional...

British-Irish co to invest $36m in BEPZA EZ

2024-09-23 00:00:00

British-Irish Company Deltaport Limited will invest US$36 million to set up a garment manufacturing industry in the BEPZA Economic Zone (BEPZA EZ), reports BSS. In this connection, Bangladesh Export Processing Zones Authority (BEPZA) signed an agreement with the company at...

Market-based IPO valuation need of the hour: CFA Society

FE REPORT | 2024-09-23 00:00:00

The CFA (Chartered Financial Analyst) Society Bangladesh demanded amendments to the IPO valuation method and promotion of institutional investments to improve the depth of the capital market.At a programme at the Economic Reporters' Forum (EFR) on Sunday, the association of...

GM to lay off about 1,700 workers at Kansas plant

2024-09-23 00:00:00

NEW YORK, Sept 22 (Reuters): General Motors will lay off 1,695 workers at its Fairfax Assembly plant in Kansas, the company said in a Worker Adjustment and Retraining Notification notice earlier this week.A GM spokesperson, confirming the layoffs initially reported...

Food-price volatility may pose risk to India's inflation: RBI

2024-09-23 00:00:00

MUMBAI, Sept 22 (Reuters): India's headline inflation may average 4.5 per cent in the second half of the fiscal year, aided by weaker crude oil prices, although volatility in food prices can pose a challenge, the central bank said in...

SAIC Volkswagen says adjusting plant base ‘necessary’

2024-09-23 00:00:00

HONG KONG, Sept 22 (Reuters): SAIC Volkswagen, responding to reports it would close its Nanjing plant, said on Saturday that adjusting its production base was "normal and necessary", Chinese media outlet Yicai reported.Reuters reported this week that Germany's Volkswagen plans...

US inflation data cemented big cut for one Fed official

2024-09-23 00:00:00

WASHINGTON, Sept 22 (Reuters): Federal Reserve officials, in their first public comments since the US central bank cut interest rates by half a per centage point, laid out on Friday the depth of the debate over the move, with one...

Asian spot LNG price little changed on muted demand

2024-09-23 00:00:00

LONDON, Sept 22 (Reuters): Asian spot liquefied natural gas (LNG) prices were little changed last week amid tepid demand and limited market activity with many traders attending an industry conference in the United States.The average LNG price for November delivery...

Standard Bank Training on 'Investment Operations & Management'

2024-09-23 00:00:00

To enhance knowledge and efficiency regarding investment, Shari'ah-Based Standard Bank organised a two-day training on 'Investment Operations & Management' for the Investment desk Officials of the bank. Md. Habibur Rahman, Managing Director & CEO, inaugurated the training as the chief...

DHAKA BANK SIGNS AGREEMENT WITH SHER-E-BANGLA AGRI UNIVERSITY

2024-09-23 00:00:00

As part of Dhaka Bank's CSR programme, an agreement was signed and executed between Dhaka Bank PLC and Sher-e-Bangla Agricultural University, under which seedlings of rice and other vegetable and fruit plants produced at Sher-e-Bangla Agricultural University will be distributed...

Cashback on dengue tests thru bKash payment

2024-09-23 00:00:00

During the recent dengue outbreak, customers can get up to Tk. 100 cashback or discount on bKash payment for dengue tests at selected hospitals and diagnostic centres. The offer is valid till 6 November 2024 at Evercare Hospital, Labaid Diagnostics...

BD now has 229 green factories

2024-09-23 00:00:00

Bangladesh's garment industry has solidified its reputation as a global leader in sustainability, now boasting 229 certified eco-friendly factories, reports BSS.Director of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Mohiuddin Rubel confirmed that three more RMG factories in the...

CA seeks Danish support for labour reforms, research on mangroves

FE REPORT | 2024-09-23 00:00:00

Chief Adviser Dr Muhammad Yunus on Sunday sought Danish support for labour reforms and mangrove research, saying that these are among the top priorities of the interim government.He said labour reforms are essential for attracting investment from foreign investors, while...

A total of 42 BRAC Bank employees from various regions of Bangladesh

2024-09-23 00:00:00

A total of 42 BRAC Bank employees from various regions of Bangladesh, including Chattogram, Narayanganj, Rangpur, Jashore, and other districts, pose for a photograph at the indoor facility of the Dhanmondi Cricket Academy in the city recently during a talent...

Ravindra wages lone battle with Sri Lanka two wickets away

2024-09-23 00:00:00

GALLE, Sri Lanka, Sept 22 (AFP): Rookie left-hander Rachin Ravindra's unbeaten 91 gave New Zealand a slender chance against Sri Lanka, with two wickets remaining and another 68 runs needed after day four of the first Test on Sunday.Set a...

Haddad Maia roars back to beat Kasatkina

2024-09-23 00:00:00

SEOUL, Sept 22 (AFP): Brazil's Beatriz Haddad Maia won the fourth title of her career with a furious fightback to beat Russian top seed Daria Kasatkina 1-6, 6-4, 6-1 in Sunday's Korea Open final.Number three seed Haddad Maia lost the...

Real Madrid come back to extend unbeaten start

2024-09-23 00:00:00

BARCELONA, Spain, Sept 22 (AP): Joan García showed why he is an up-and-coming goalkeeper - until Vinícius Júnior got the Real Madrid scoring machine going.Vinícius went off the bench to assist Rodrygo and score one of his own and Kylian...

Shanto backs rusty Shakib to bounce back after Chennai failure

2024-09-23 00:00:00

Bangladesh skipper Najmul Hossain did not shy away from showing his surprise when he was asked whether he is feeling the heat of carrying an out-of-sort Shakib Al Hasan in the Test team, reports Cricbuzz.Shakib's performance in the series opener...