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Asian markets press on with rally, China fund boosts optimism

2023-10-13 00:00:00

HONG KONG, Oct 12 (AFP): Asian stocks extended the week's gains on Thursday, undeterred by forecast-beating US wholesale inflation data as investors grew increasingly hopeful the Federal Reserve would not hike interest rates further.The mood was enhanced by news that...

Eastern Bank inaugurated 31st sub-branch in Pabna

2023-10-13 00:00:00

M Khorshed Anowar, deputy managing director and head of retail and SME banking of Eastern Bank, inaugurated the bank's 31st sub-branch in Pabna on Wednesday. EBL Branch Area Head- Outstation Istiak Ahmed and Rajshahi Branch Manager Muhammad Abir Ahmed Khan...

Southeast Bank signed agreement with an online payment aggregator namely 'aamarPay'.

2023-10-13 00:00:00

Southeast Bank Limited recently signed an agreement with an online payment aggregator namely 'aamarPay'. Nuruddin Md Sadeque Hossain, managing director of Southeast Bank, and A M Ishtiaque Sarwar, managing director of aamarPay, exchanged the signed documents. Under the agreement, aamarPay...

MTB signed agreement with Edison Group

2023-10-13 00:00:00

Mutual Trust Bank Ltd (MTB) has recently signed an agreement with Edison Group to provide payroll banking services to its employees. Syed Mahbubur Rahman, managing director and CEO of Mutual Trust Bank, and Jakaria Shahid, managing director of Edison Group,...

Walton to showcase advanced features fridges at China’s Canton Fair

2023-10-13 00:00:00

Bangladesh's electronics giant Walton will showcase world's most advanced technologies refrigerators at the 134th Chaina 'China Import and Export Fair,' popularly known as 'Canton Fair' around the world, to begin from October 15 this year at Canton Fair Complex in...

Japanese companies urged to source more quality products from BD

2023-10-13 00:00:00

Bangladesh Ambassador to Japan Shahabuddin Ahmed has urged Japanese companies to source more quality products from Bangladesh, reports UNB. Bangladesh participated in Fashion World Tokyo (FaW), held from October 10-12, at the Tokyo Big Sight in Japan. With around 1150...

NBR support sought to sustain RMG’s global competitiveness amid challenges

2023-10-13 00:00:00

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) underscored the crucial role of the National Board of Revenue (NBR) in achieving the Sustainability Strategic Vision 2030 for the country's ready-made garment (RMG) industry, reports UNB.This vision focuses on bolstering the...

Push to expand investor participation in stock market

FE REPORT | 2023-10-13 00:00:00

Experts at a seminar on Thursday emphasised the need to expand investor participation in the stock market by drawing more investors particularly from the northern region of the country."We don't see investors from all parts of the country. Some districts...

Stocks gain for third day as insurance shares surge

FE REPORT | 2023-10-13 00:00:00

Stocks posted gains for the third straight session on Thursday as optimistic investors kept their buying binge on selective shares, particularly in the insurance and banking sectors.More than 100 shares witnessed price surge in a single-day after a long time...

Egg shortage leaves supermarket shelves empty in S Africa

2023-10-13 00:00:00

JOHANNESBURG, Oct 12 (AFP): Supermarket retailers in South Africa said on Thursday they were grappling with an egg shortage triggered by a major bird flu outbreak that has seen shelves going empty across the country in recent weeks.Grocery store chains...

UK economy rebounds

2023-10-13 00:00:00

LONDON, Oct 12 (AFP): Britain's economic output rebounded in August, powered by the services sector, official data showed Thursday.Gross domestic product grew 0.2 per cent compared with a contraction of 0.6 per cent in July, the Office for National Statistics...

KSA, Japan forge digital economy partnership with landmark MoU

2023-10-13 00:00:00

RIYADH, Oct 12 (Arab News): Saudi Arabia and Japan signed a memorandum of understanding formalizing their commitment to advancing the digital economy and enhancing digital government services. According to the Ministry, the MoU encompasses various cooperative efforts, including digital platforms,...

Israel-Hamas war a ‘new cloud’ over world economy: IMF

2023-10-13 00:00:00

MARRAKESH (Morocco), Oct 12 (AFP): The war between Israel and Hamas has darkened the horizon for a world economy that was already experiencing weak growth, IMF chief Kristalina Georgieva said Thursday.Speaking at the IMF-World Bank annual meetings in Marrakesh, Morocco,...

Islami Bank signs deal with Ship International Hospital

2023-10-13 00:00:00

Islami Bank Bangladesh PLC and Ship International Hospital signed a corporate agreement on Wednesday. Under this agreement, clients and employees of Islami Bank will get special discounts on different health tests. In presence of Mohammad Qaisar Ali, Additional Managing Director...

Pubali Bank PLC's 3rd Business Conference-2023

2023-10-13 00:00:00

Pubali Bank PLC's 3rd Business Conference-2023 for regional and corporate branch managers was held at the bank's head office in the city on Thursday with Monzurur Rahman, Chairman of the Board of Directors of the bank, attending it as the...

PREMIER BANK SIGNS AGREEMENT WITH BANGLADESH BANK -

2023-10-13 00:00:00

In presence of Nurun Nahar, Deputy Governor of Bangladesh Bank, Liza Fahmida, Director of Financial Sector Support and Strategic Planning Department (FSSSPD), Bangladesh Bank, and M Rezaul Karim, FCMA, Managing Director & CEO of the Premier Bank Limited, signed the...

MIDLAND BANK SIGNED PARTICIPATORY AGREEMENT WITH BANGLADESH BANK

2023-10-13 00:00:00

In presence of Nurun Nahar, Deputy Governor of Bangladesh Bank, Liza Fahmida, Director of Financial Sector Support and Strategic Planning Department (FSSSPD), Bangladesh Bank, and Md. Ahsan-uz Zaman, Managing Director of Midland Bank Limited, signed a participation agreement for availing...

India's festival season spurs online shopping spree

2023-10-13 00:00:00

NEW DELHI, Oct 12 (Reuters): Run off their virtual feet at the start of India's festival season, e-commerce companies like Amazon and Walmart owned Flipkart are looking forward to a potentially record breaking few weeks.Any lingering fears that inflation and...

Sugar and corn prices show record surge in Sept: FAO

FE REPORT | 2023-10-13 00:00:00

Global sugar and corn prices experienced a tectonic hike in September though overall food prices remained almost unchanged, said the latest monthly report of the United Nations Food and Agriculture Organisation (FAO).The FAO Food Price Index(FFPI) averaged 121.5 points in...

Netherlands cooperation stressed in ship building, ship recycling sector

FE REPORT | 2023-10-13 00:00:00

The speakers at a seminar said there is huge potentiality in the ship building and ship recycling sectors in Bangladesh.Netherlands can cooperate with Bangladesh in exploring this potentiality which requires knowledge and technology.The seminar hosted by the Embassy of the...

World Standards Day tomorrow

2023-10-13 00:00:00

The 54th World Standards Day will be observed tomorrow (Saturday). The theme of the day this year is 'Shared vision for a better world - Standards for SDGs'. The day will be celebrated all over the world as well as...

India's Wadia Group stays away from Go First insolvency process

2023-10-13 00:00:00

MUMBAI, Oct 12 (Reuters): Go First's former owner, the Wadia Group, has not shown an intent to bid for the grounded Indian airline and has stayed away from the insolvency process so far amid an ongoing legal tussle, three sources...

Gold trims gains as yields, dollar rise

2023-10-13 00:00:00

Gold prices pared gains on Thursday as dollar and Treasury yields ticked higher after US consumer prices rose more than expected in September and raised worries that the Federal Reserve could keep rates higher for some time, reports Reuters.Spot gold...

IEA says risk of oil supply disruptions is limited

2023-10-13 00:00:00

PARIS, Oct 12 (Agencies): The International Energy Agency said on Thursday the risk of oil supply disruptions due to the conflict between Israel and Hamas is limited but that it stands ready to intervene in markets if necessary.The Paris-based agency,...

UEFA postpones Kosovo-Israel qualifier due to conflict

2023-10-13 00:00:00

NYON, Switzerland, Oct 12 (AP): UEFA has postponed Israel's European Championship qualifying game against host Kosovo on Sunday.The decision by European soccer's governing body - following Hamas' surprise attack - adds to a fixture backlog.UEFA said in a statement Thursday...

Korda holds off Shelton to battle into Shanghai semi-finals

2023-10-13 00:00:00

SHANGHAI, Oct 12 (AFP): Sebastian Korda reached his first Masters semi-final as he battled back to tame fast-rising fellow American Ben Shelton 6-7 (10/12), 6-2, 7-6 (8/6) in Shanghai on Thursday.The 26th seed finally sealed the quarter-final on his sixth...

Bangladesh earn dramatic draw against Maldives

2023-10-13 00:00:00

A late goal by right winger Saad Uddin helped Bangladesh to earn a dramatic 1-1 draw against host Maldives in the first leg of the 2026 FIFA World Cup qualifier held on Thursday at the National Stadium in Male, reports...

Centuries at 2023 ODI World Cup touch new heights

2023-10-13 00:00:00

The centuries at the 2023 ODI World Cup have touched new heights right in the first week with as many as 12 players from seven teams passing the three-figure mark in just ten matches (till filing this report, Australia's innings...

Nida Dar to lead Pakistan in upcoming Bangladesh tour

2023-10-13 00:00:00

With their tour to Bangladesh right around the corner, Pakistan has announced its 15-member national women's squad on Thursday, which will be led by Nida Dar, according to Pakistani television Geo Tv.The upcoming Bangladesh tour scheduled to take place later...

Tigers face New Zealand today, try to return to winning way

2023-10-13 00:00:00

With an aim to bounce back into the winning way, Bangladesh will take on an inform New Zealand in their third game of the ICC Cricket World Cup today (Friday) at M Chidambaram Stadium in Chennai, report agencies.The match will...