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BUET admission test begins on Feb 24

2023-12-27 00:00:00

The first-year admission tests of Bangladesh University of Engineering and Technology (BUET) for the academic session of 2023-24 will begin on February 24, reports BSS.The recommendation came from a meeting of the university's admission committee which will be finalised in...

Prof Abdur Rob joins NSU as treasurer

2023-12-27 00:00:00

Prof Abdur Rob Khan has joined North South University (NSU) as treasurer, says a press release.President Mohammed Shahabuddin, also chancellor of the university, appointed him treasurer recently.He took charge of the office at a function on Sunday. Chairman of NSU...

'Introduce e-traceability system in fishery sector for export promotion'

2023-12-27 00:00:00

A meeting on fishery industry called for introducing an e-traceability system in the sector for its promotion, reports UNB.In the meeting recently held at Natun Bazar Launch Ghat Road in Khulna, they agreed that e-traceability is essential for the expansion...

BGB to be deployed from Dec 29: Home minister

2023-12-27 00:00:00

Aiming to maintain overall peace, law and order in the country, Border Guard Bangladesh (BGB) will be deployed across the country from December 29 ahead of the next parliamentary election alongside the Army, said Home Minister Asaduzzaman Khan on Tuesday,...

18 parliamentary poll candidates own over Tk 1.0b assets each: TIB

2023-12-27 00:00:00

FE REPORT The Transparency International Bangladesh (TIB) said as many as 164 candidates participating in the upcoming 12th parliamentary elections earn more than Tk 10 million each annually.According to a report published by the anti-graft watchdog based on affidavits by...

US holiday retail sales grow 3.1pc

2023-12-27 00:00:00

US retail sales rose 3.1 per cent between Nov. 1 and Dec. 24, as shoppers looked for last-minute Christmas deals amid big promotions, a Mastercard report showed on Tuesday, reports Reuters.The increase is lower than the 3.7 per cent growth...

The Bangladesh Council of Scientific and Industry Research (BCSIR) organized a stake-holder workshop on

2023-12-27 00:00:00

BCSIR holds stakeholder workshop-2023 The Bangladesh Council of Scientific and Industry Research (BCSIR) organized a stake-holder workshop on 'the role and commitment of Bio-Medical Research in building smart Bangladesh' on Tuesday in the capital. BCSIR member (administration) Md Delwar Hossain...

Payment woes delay supply of Russian Sokol oil to India

2023-12-27 00:00:00

NEW DELHI, Dec 26 (Reuters): Shipments of Russian Sokol crude oil to Indian Oil Corp have been delayed by payment problems, forcing India's biggest refiner to draw from its inventories and buy more oil from the Middle East, two sources...

Philippines extends tariff cuts on imported rice, other food items to fight inflation

2023-12-27 00:00:00

MANILA, Dec 26 (Reuters): Philippine President Ferdinand Marcos Jr. has approved the extension of reduced tariffs on rice and other food items until the end-2024 to keep prices stable amid a threat of dry weather in the coming months, his...

Crystal Insurance Company board meeting

2023-12-27 00:00:00

Crystal Insurance Company board meetingLimited was held recently in the company's corporate office in the city with Abdullah Al-Mahmud (Mahin), Chairman of the company, in the chair. Directors A.H.M. Mozammel Hoque, Md. Tajul Islam, Farhana Danesh, Nusrat Mahmud, Arafat Rashid...

NRBC Bank PLC organized Branch Anti Money Laundering Compliance Officers (BAMLCO) Conference-2023

2023-12-27 00:00:00

NRBC holds BAMLCO Conference 2023NRBC Bank PLC organized Branch Anti Money Laundering Compliance Officers (BAMLCO) Conference-2023 in a hybrid format at the conference room of the bank's head office recently to enhance knowledge and skill of their employees. Md Rabiul...

Dry weather, export curbs to strain global staple food supplies in 2024

2023-12-27 00:00:00

SINGAPORE, Dec 26 (Reuters) : High food prices in recent years have prompted farmers worldwide to plant more cereals and oilseeds, but consumers are set to face tighter supplies well into 2024, amid adverse El Nino weather, export restrictions and...

Infrastructure Development Company Limited (IDCOL) received the SAFA Best Presented Annual Report Award

2023-12-27 00:00:00

IDCOL received SAFA Best Presented Annual Report Award 2022 Infrastructure Development Company Limited (IDCOL) received the SAFA Best Presented Annual Report Award 2022 in the Public Sector category. Md. Shahriar Rana, Senior Vice President and Head of ICC, IDCOL, received...

Sonali Bank PLC has been awarded the 'South Asian Federation of Accountants (SAFA)

2023-12-27 00:00:00

Sonali Bank gets SAFA awardSonali Bank PLC has been awarded the 'South Asian Federation of Accountants (SAFA) Best Presented Annual Reports Award-2022'. On behalf of Sonali Bank PLC, its Deputy Managing Director Subhash Chandra Das received the award at a...

Libya's stock market resumes trading after 9 years of closure

2023-12-27 00:00:00

TRIPOLI, Dec 26 (Reuters): Libya's Stock Market resumed trading on Monday at a hall in the capital Tripoli after more than nine years of closure because of the political and security situation.The prime minister of the Government of National Unity...

A tripartite issue management agreement was signed by Green Tiger Electric Vehicle Ltd. with ICB Capital

2023-12-27 00:00:00

A tripartite issue management agreement was signed by Green Tiger Electric Vehicle Ltd. with ICB Capital Management Ltd. (ICML) and BRAC EPL Investments Ltd. on Tuesday in a bid to mobilise funds from the capital market. Green Tiger Managing Director...

Social Islami Bank launched three sub-branches on Tuesday from its head office. Zafar Alam, managing

2023-12-27 00:00:00

Social Islami Bank launched three sub-branches on Tuesday from its head office. Zafar Alam, managing director and CEO, inaugurated the sub-branches as the chief guest, while Mohammad Forkanullah, deputy managing director, presided over the programme. The sub-branches are Dighinala Sub-branch...

Syed Zulkar Nayen, head of Business, Retail and SME Banking at Eastern Bank

2023-12-27 00:00:00

Syed Zulkar Nayen, head of Business, Retail and SME Banking at Eastern Bank (EBL), inaugurated a sub-branch of the bank at Abid Plaza in Daudkandi Pouroshova under Cumilla district on Tuesday.

Auditor issues qualified opinion on Aziz Pipes' financial statements

FE REPORT | 2023-12-27 00:00:00

Auditor of Aziz Pipes Ltd. has issued a qualified opinion on the company's financial statements for FY'23, stating that the firm does not have proper plans and resources to run the business in future. According to a filing with the...

Mutual Trust Bank (MTB) announced the release of its Annual Sustainability Report for the year 2022 following

2023-12-27 00:00:00

Mutual Trust Bank (MTB) announced the release of its Annual Sustainability Report for the year 2022 following the Global Reporting Initiatives (GRI) standards. Syed Mahbubur Rahman, managing director and CEO of the bank, and Chowdhury Akhtar Asif, additional managing director...

Junk stocks lead gains while blue chips remain muted

MOHAMMAD MUFAZZAL | 2023-12-27 00:00:00

Junk shares or loss-making listed companies have mostly dominated the stock market in 2023, sidelining fundamentally strong stocks most of which remained stuck at the 'floor price'.Of the junk stocks, Khan Brothers PP Woven Bag Industries saw an astounding 692-percent...

China approves 26 seed companies for GMO corn and soybeans

2023-12-27 00:00:00

BEIJING, Dec 26 (Reuters): China has issued licences to 26 domestic seed companies to produce, distribute and sell genetically modified corn and soybean seeds in certain provinces, paving the way for commercial planting of the GMO grains.The companies named in...

Shafiuddin Ahmed, Deputy Managing Director of Union Bank PLC along with other officials inaugurated

2023-12-27 00:00:00

Union Bank opens Nalitabari branchShafiuddin Ahmed, Deputy Managing Director of Union Bank PLC along with other officials inaugurated Nalitabari Branch in Sherpur through videoconferencing from Head Office, Gulshan-1, Dhaka recently.

A meeting of the Shari`ah Supervisory Committee of Islami Bank Bangladesh PLC was held on Tuesday on a

2023-12-27 00:00:00

Islami Bank Shari`ah Supervisory Committee meeting heldA meeting of the Shari`ah Supervisory Committee of Islami Bank Bangladesh PLC was held on Tuesday on a virtual platform with Maolana Obaid Ullah Hamzah, Chairman of the Committee, in the chair. Mohammed Monirul...

Kazi Md. Talha new AMD of Padma Bank

2023-12-27 00:00:00

Kazi Md. Talha has joined the Padma Bank Limited as its Additional Managing Director (AMD), says a press release.Prior to joining the bank, he served as the Additional Managing Director & Chief Executive Officer of Islamic Banking Window at NRBC...

CVO Petrochemical Refinery AGM approves 5.0pc cash dividend

OUR CORRESPONDENT | 2023-12-27 00:00:00

CHATTOGRAM, Dec 26: The 38th Annual General Meeting (AGM) of CVO Petrochemical Refinery Limited, a private oil company, was held on a virtual platform on Tuesday.The AGM was chaired by Chairman of the company Shamsul Alam Shamim. The AGM approved...

Bangladeshi businesses take part in Myanmar trade fair

2023-12-27 00:00:00

An International Trade Fair and Investment Forum- 2023 was held in the city of Mandalay, Myanmar's 2nd largest city from December 20-22, said a statement of Bangladesh Embassy to Myanmar. The Mandalay Regional Chamber of Commerce and Industry (MRCCI) in...

Bangladesh Infrastructure Finance Fund Limited (BIFFL) has been awarded the "Third Highest TaxPayer

2023-12-27 00:00:00

BIFFL third highest taxpayer NBFI Bangladesh Infrastructure Finance Fund Limited (BIFFL) has been awarded the "Third Highest TaxPayer Award" for the income year 2022-23 in the category of Non-Bank Financial Institutions. Abu Hena Md. Rahmatul Muneem, Chairman, NBR, handed over...

Power, energy sectors saddled with $5.0b payment backlog

2023-12-27 00:00:00

The country's power and energy sectors have been hit by a severe cash crunch, especially the US dollars, piling up a huge backlog in payment of their import bills, official sources said this week.According to official sources, the sectors' cumulative...

'Boma Maulana' supplies 400 bombs in city: DB

2023-12-27 00:00:00

Detective Branch (DB) chief Mohammad Harun or Rashid on Tuesday said Mukit alias 'Boma Maulana' supplied around 400 bombs in the city's different areas since October 27 this year, reports BSS."Boma Maulana supplied around 400 bombs in the city from...