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BNP making toxic remarks about Rooppur power plant

2023-10-12 00:00:00

Awami League (AL) General Secretary Obaidul Quader on Wednesday alleged that BNP leaders are making toxic remarks about environment-friendly Rooppur Nuclear Power Plant, reports BSS."Bangabandhu's daughter, Prime Minister Sheikh Hasina, is inaugurating mega projects one after another that makes the...

Ukraine sees higher 2023 steel output

2023-10-12 00:00:00

KYIV, Oct 11 (Reuters): Ukraine will increase its steel output to 6.5 million tonnes in 2023, but could double that if its sea ports were unblocked, the head of the Ukrmetalurgprom steel producers union said last week.Ukraine was ranked 25th...

Samsung expects Q3 profits to drop nearly 80pc

2023-10-12 00:00:00

SEOUL, Oct 11 (AFP): Samsung Electronics said Wednesday it expected third-quarter operating profits to plunge nearly 80 per cent, as the firm grapples with weak demand for memory chips.Operating profits of 2.4 trillion won ($1.8 billion) were expected for the...

China to hold third Belt and Road forum next week

2023-10-12 00:00:00

BEIJING, Oct 11 (AFP): China will hold its third Belt and Road forum in its capital next week, Beijing said Wednesday, confirming the details of an event that several foreign leaders are expected to attend-including Vladimir Putin.Representatives from over 130...

Indian inflation seen easing to 5.50pc in Sept

2023-10-12 00:00:00

BENGALURU, Oct 11 (Reuters): Indian retail inflation likely eased to 5.50 per cent last month, within the Reserve Bank of India's (RBI) tolerance band, on moderating food price rises and government subsidies that offset a surge in the cost of...

UK businesses ask for help after rise in shoplifting

2023-10-12 00:00:00

LONDON, Oct 11 (AFP): British businesses are seeking government help as shops suffer an unprecedented number of thefts and violence by criminal gangs, addicts and people struggling with a cost-of-living crisis."We see shoplifting everyday here, sometimes multiple times a day,"...

Indian govt panel wants car ratings tied to improved connectivity

2023-10-12 00:00:00

NEW DELHI, Oct 11 (Reuters): An Indian government panel has recommended that automakers who step up connectivity features in cars to communicate with other vehicles and external systems should win better ratings on crash tests, a draft report showed, in...

Bankrupt Sri Lanka gets China agreement on debt restructure

2023-10-12 00:00:00

COLOMBO, Oct 11 (AFP): Sri Lanka on Wednesday welcomed China's tentative agreement to a debt restructure, as the island nation works to restore its ruined finances after suffering its worst-ever economic crisis.The government defaulted on its $46 billion debt last...

High rates threaten some countries: WB

2023-10-12 00:00:00

MARRAKESH (Morocco), Oct 11 (AFP): The World Bank's chief economist warned Wednesday that interest rate hikes could spell trouble for countries struggling to deal with debt.The US Federal Reserve, the European Central Banks and others have raised rates and warned...

BD to get $338m ADB fund for vaccine production

2023-10-12 00:00:00

The Asian Development Bank (ADB) will provide $338 million to Bangladesh for manufacturing vaccines to give people protection against various diseases, reports BSS.ADB Country Director Edimon Ginting shared this at a meeting with Planning Minister MA Mannan at the latter's...

MOU between Nitol Insurance and Software Shop Limited

2023-10-12 00:00:00

Nitol Insurance Company Limited and Software Shop Limited (SSL) signed a memorandum of understanding (MOU) on InsureTech Regulatory Sandbox recently. S.M. Mahbubl Karim, Chief Executive Officer of Nitol Insurance Company Limited, and Md. Iftekhar Alam Ishaque, Chief Operating Officer of...

Bangladesh donates medicine to Sri Lanka

FE REPORT | 2023-10-12 00:00:00

Bangladesh Association of Pharmaceutical Industries (BAPI) has donated vast quantities of medicine items to Sri Lanka. BAPI president Nazmul Hassan, MP handed over the medicines to acting Sri Lankan High Commissioner in Bangladesh Ruwanthi Delpitiya at a simple ceremony at...

Singer Red S Deal launches a caravan activation campaign under 'DouRun Offer'

2023-10-12 00:00:00

Leading electronics and home appliances manufacturer singer Bangladesh Limited has launched their World Cup campaign 'Singer Red S Deal DouRun Offer', says a press release. Under the exciting DouRun offer, customers will get a chance to win their purchased TV...

IDCOL, SREDA to work with $1.13m GCF support

2023-10-12 00:00:00

IDCOL and SREDA are collaborating to create a better environment for implementing energy efficiency measures in Bangladesh, with USD 1.13 million TA support from the Green Climate Fund (GCF). An agreement was signed in this regard on Tuesday, says a...

Naser Ezaz Bijoy Vice President of ICC Bangladesh

2023-10-12 00:00:00

Naser Ezaz Bijoy, President of Foreign Investors' Chamber of Commerce and Industry (FICCI), has been elected as Vice President of International Chamber of Commerce (ICC) - Bangladesh in the Executive Board Meeting of ICC Bangladesh held recently, says a press...

360Health app adds new breast cancer risk assessment feature

2023-10-12 00:00:00

MetLife's 360 Health mobile app has introduced a new feature to raise awareness about breast cancer. This feature enables users to assess potential risks of breast cancer by analyzing various indications and symptoms, says a press release. According to World...

Guardian Life, IFIC Bank sign group insurance deal

2023-10-12 00:00:00

Guardian Life Insurance Limited & IFIC Bank PLC have signed a group insurance agreement. Under this agreement, employees of IFIC Bank PLC and their dependents will enjoy Group Insurance benefits within the sphere of Guardian Life's protection.Sheikh Rakibul Karim, FCA,...

Sirajganj EZ teams up with BD-Australia biz forum

FE REPORT | 2023-10-12 00:00:00

The Sirajganj Economic Zone (EZ) has entered into a partnership deal with the Australia Bangladesh Business Forum (ABBF), heralding a new era of economic growth and opportunities to bridge the gap between international investment and local development.A Memorandum of Understanding...

Birkenstock to debut in NY with $8.6b IPO valuation

2023-10-12 00:00:00

NEW YORK, Oct 11 (AFP): German sandals maker Birkenstock is set to debut on the New York stock exchange Wednesday with a valuation of $8.6 billion that belies its former dowdy image, with the brand now a fashion favorite and...

Shah Alam Sarwar extended a warm welcome to newly appointed Commissioner of DMP Habibur Rahman

2023-10-12 00:00:00

Shah Alam Sarwar, managing director and CEO of IFIC Bank, extended a warm welcome to the newly appointed Commissioner of Dhaka Metropolitan Police (DMP) Habibur Rahman, at the police headquarters on Wednesday. Syed Mansur Mustafa, deputy managing director and head...

Agreement signed between Bangladesh Bank and National Bank

2023-10-12 00:00:00

An agreement regarding the 'Financial Inclusion Credit Guarantee Scheme' was signed between the Bangladesh Bank and National Bank Limited recently. Manoj Kumar Howlader, director, Credit Guarantee Department, Bangladesh Bank, and Md Mehmood Husain, managing director and CEO of National Bank,...

Standard Bank signed an agreement with Bangladesh Bank

2023-10-12 00:00:00

Standard Bank Limited signed an agreement with the Bangladesh Bank at the central bank head office on Tuesday as a participating institution for investments under the "Long Term Financing Facility (LTFF)" refinancing fund. Md Habibur Rahman, managing director and CEO...

NCC Bank signed a participatory agreement with Bangladesh Bank

2023-10-12 00:00:00

NCC Bank signed a participatory agreement with Bangladesh Bank on "BB-Long Term Financing Facility (BB-LTFF)" at the Bangladesh Bank Office on Tuesday. In the presence of Nurun Nahar, deputy governor of Bangladesh Bank; Mohammad Mamdudur Rashid, managing director and CEO...

Japan's carbon pricing scheme kicks off at Tokyo Stock Exchange

2023-10-12 00:00:00

TOKYO, Oct 11 (Reuters): The Tokyo Stock Exchange (TSE) started trading carbon credits on Wednesday, a key element in Japan's strategy to tackle climate change.The world's fifth-largest carbon dioxide (CO2) emitter is the latest among Asian nations to formulate plans...

India regulator probing ties between Adani Group and Gulf Asia fund

2023-10-12 00:00:00

India's market regulator is investigating the relationship between the Adani Group and a fund incorporated in the British Virgin Islands to see if there has been a violation of share ownership rules, two sources with direct knowledge of the matter...

Business development meeting with the managers of corporate branches of AIBL

2023-10-12 00:00:00

A business development meeting with the managers of corporate branches and zonal heads of Al-Arafah Islami Bank Limited (AIBL) was held at the head office of the bank on Wednesday. Managing Director and CEO Farman R Chowdhury presided over the...

Dhaka Bank organised a health campaign

2023-10-12 00:00:00

Dhaka Bank Limited recently organised a health campaign named 'Healthy Living Discussion' for healthcare protection of their employees at Dhaka Bank head office. The health campaign was inaugurated by Mohammad Abu Jafar, acting managing director of Dhaka Bank. The campaign...

A day-long 'Managers' meeting' of Dhaka South Zone organised by Jamuna Bank

2023-10-12 00:00:00

A day-long 'Managers' meeting' of Dhaka South Zone was organised by Jamuna Bank Limited at a hotel in the capital. Md Saidul Islam, chairman of Jamuna Bank, attended the occasion as the chief guest. Directors of the bank Redwan-ul Karim...

MTB launched a special health check-up service

2023-10-12 00:00:00

Mutual Trust Bank Limited (MTB) has recently launched a special health check-up service at United Healthcare Premises (United Hospital & Medix) for its 'Privilege Clients'. Under this arrangement, complementary vouchers will be given to the clients which they can use...

Global stocks tick higher ahead of Fed minutes and US inflation

2023-10-12 00:00:00

LONDON/SINGAPORE, Oct 11 (Reuters): Global stocks edged higher on Wednesday, with investors cheered by Chinese stimulus hopes and a drop in bond yields, while the dollar held steady before the release of the latest Federal Reserve meeting minutes and US...