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SC orders lawyers to follow guidelines on holding rallies on court premises

FE REPORT | 2023-08-31 00:00:00

The Appellate Division of the Supreme Court on Wednesday ordered the lawyers to strictly follow the guidelines, mentioned in a High Court verdict, regarding holding rallies and processions on the premises of the apex court. A four-member bench of the...

TIB slams draft CSA with black DSA provisos

FE REPORT | 2023-08-31 00:00:00

Transparency International Bangladesh (TIB) on Wednesday rejected the draft Cyber Security Act-2023, saying it has incorporated controversial provisions of the preceding oppressive Digital Security Act-2018.If the draft becomes a law, according to the anti-corruption watchdog, individuals will be subjected to...

Natore-4 MP Kuddus passes away

2023-08-31 00:00:00

NATORE, Aug 30 (UNB): Abdul Kuddus, Awami League lawmaker of Natore-4 constituency, died at a hospital in Dhaka on Wednesday. He was 77.Kuddus, president of Natore district unit of Awami League, had been undergoing treatment at the Intensive Care Unit...

HC clears way to run trial against Khaleda in Niko case

FE REPORT | 2023-08-31 00:00:00

The High Court (HC) on Wednesday cleared the way for lower court concerned to continue the trial proceedings against BNP Chairperson Khaleda Zia in Niko corruption case. The High Court summarily rejected a petition filed by BNP Chairperson Khaleda Zia,...

Govt must give back missing men: BNP

FE REPORT | 2023-08-31 00:00:00

The Bangladesh Nationalist Party (BNP) has said the government must give answers to the innocent children's who are yet to get back their disappeared fathers during the present government."The government must give answers to the innocent children who are yet...

BNP begins new game over Yunus: Quader

2023-08-31 00:00:00

Awami League (AL) General Secretary and Road Transport and Bridges Minister Obaidul Quader on Wednesday said after failing in waging a movement, BNP has now started a new game over Nobel laureate Dr Muhammad Yunus, reports BSS."BNP leaders failed in...

CBA of Janata Bank organised a discussion and doa mahfil

2023-08-31 00:00:00

CBA of Janata Bank Limited organised a discussion and doa mahfil on the occasion of the National Mourning Day at the bank's head office in the city on Wednesday. Bangladesh Awami League advisory council member Md Habibur Rahman Siraj was...

Islami Bank Bangladesh PLC in association with Bangabandhu Parishad Islami Bank unit organised a discussion

2023-08-31 00:00:00

Islami Bank Bangladesh PLC in association with Bangabandhu Parishad Islami Bank unit organised a discussion on the occasion of the National Mourning Day at the Islami Bank Tower on Tuesday. State Minister for Disaster Management and Relief Affairs Dr Md...

US banks to raise $70b in debt under draft rules aimed at mitigating failures

2023-08-31 00:00:00

WASHINGTON, Aug 30 (Reuters): Large regional banks would have to issue roughly $70 billion in fresh debt under a new rule proposed Tuesday by US banking regulators, part of a broader effort to bolster the resilience of the sector after...

S&P 500, Nasdaq futures dip with more economic data on tap

2023-08-31 00:00:00

Futures tracking the S&P 500 and the Nasdaq dipped on Wednesday as investors remained cautious in a data-heavy week, awaiting hints of the state of the economy and the US Federal Reserve's interest rate trajectory, reports Reuters.Multiple data points are...

ICB Asset Management Company Mahmuda Akhter handed over a cheque for Tk 53.25 million

2023-08-31 00:00:00

Chief Executive Officer of ICB Asset Management Company Limited (IAMCL) Mahmuda Akhter handed over a cheque for Tk 53.25 million recently to Managing Director and CEO of Janata Bank Limited Md Abdul Jabbar from profits out of investments from Bangladesh...

Indian shares flat as financials offset US data-powered IT

2023-08-31 00:00:00

BENGALURU, Aug 30 (Reuters): Indian shares erased gains and settled near the session's low on Wednesday as a rise in IT stocks on easing interest rate concerns in the United States was offset by a late slide in financials, dragged...

UCB acknowledged as one of the top banks

2023-08-31 00:00:00

United Commercial Bank PLC (UCB) has been acknowledged by the Bangladesh Bank as one of the top banks in 'Sustainability Rating'. Arif Quadri, managing director & CEO of United Commercial Bank, received the award on Tuesday from Abdur Rouf Talukder,...

City Bank awarded as a top bank

2023-08-31 00:00:00

City Bank has been awarded as a top bank in the 'Sustainability Rating' given by Bangladesh Bank for 2022. This latest one, City Bank is the winner of the award for three years in a row. Mashrur Arefin, managing director...

Jamuna Bank awarded as one of the top seven banks

2023-08-31 00:00:00

Jamuna Bank has been awarded as one of the top seven banks in Sustainability Rating Recognition-2022 by the central bank. Mirza Elias Uddin Ahmed, managing director and CEO, received the award from Abdur Rouf Talukder, governor of Bangladesh Bank, at...

Global shares close in on worst month so far this year

2023-08-31 00:00:00

LONDON, SINGAPORE, Aug 30 (Reuters): Global equities edged up on Wednesday as data suggested US inflation pressures were moderating, but were on course to end August with their worst monthly performance of 2023 so far.MSCI's broadest index of global shares...

Pragati Life Ins settles Tk 1.89b claims in H1

2023-08-31 00:00:00

Pragati Life Insurance has settled claims amounting to over Tk 1.89 billion (Tk 189.68 crore) in the first half of 2023, registering an increase of 25.92 per cent year on year, says a press release.The company settled a total of...

BPDB Chairman reappointed

2023-08-31 00:00:00

Md Mahbubur Rahman has been reappointed for the second time as the chairman (Grade-1) of Bangladesh Power Development Board (BPDB) for the next one year, says a press release. He was first reappointed as BPDB chairman by the government on...

New IMCB executive committee

2023-08-31 00:00:00

M Zakir Hossain was re-elected chairman of the Institute of Management Consultants Bangladesh (IMCB) for the term of 2022-24, says a press release. Also, Nadeem A Chaudhury and Brigadier General M Mofizur Rahman were elected president and first vice president...

Malaysian Food Festival begins at Sonargaon Hotel today

2023-08-31 00:00:00

Pan Pacific Sonargaon Dhaka has announced its Malaysian Food Festival 2023 beginning today at its main restaurant Café Bazar, says a press release.The six-day 'Rasa Malaysia' Food Festival, a celebration of Malaysia's rich culinary heritage, will feature a delectable array...

China seeks more engagements, business with Bangladesh

2023-08-31 00:00:00

With applicant-friendly visa policies, various options of flights and attractive ticket prices, China encourages more Bangladeshi people to study, do business, go sightseeing and invest in China, said the Chinese Embassy in Dhaka on Wednesday, reports UNB.The readiness of visa...

Eastern Housing triumphant with 25pc profit growth amid slowdown in property sales

FE REPORT | 2023-08-31 00:00:00

Eastern Housing's shifting focus from building apartment to land development has proved to be a right way to go about business when prices of construction raw materials have shot up. The business ended FY23, a year marked by 30-35 per...

DHAKA BANK SIGNS DEAL WITH SHIP INT'L HOSPITAL

2023-08-31 00:00:00

Dhaka Bank Limited has recently signed a corporate medical services agreement with Ship International Hospital at the hospital's corporate office to provide convenient and affordable healthcare services to Dhaka Bank employees and Dhaka Bank Card Holders. Under the agreement, Dhaka...

Commerce Minister Tipu Munshi speaks

2023-08-31 00:00:00

Commerce Minister Tipu Munshi speaks as the chief guest at a roundtable on 'Strengthening US-Bangladesh economic and trade relations' at a city hotel on Wednesday. US-Bangladesh Business Council organised the event. — PID

StanChart rolls out enhanced parental leave benefits

2023-08-31 00:00:00

Standard Chartered announced the rollout of enhanced global parental leave benefits on Wednesday. From September 1, the bank will standardise the amount of parental leave it offers, providing parents the option of undertakingmore equitable caregiving responsibilities for their children, says...

Partial opening of Ctg elevated expressway in Nov

OUR CORRESPONDENT | 2023-08-31 00:00:00

CHATTOGRAM, Aug 30: A portion of Elevated Expressway Chattogram will be opened to traffic by this November with intent to ease vehicular movement through Bangabandhu Tunnel, another mega project.Work on the first elevated expressway of the port city will be...

BB suspends licences of seven money changers

FE REPORT | 2023-08-31 00:00:00

The Bangladesh Bank on Wednesday suspended licences of as many as seven money changers, following allegations of their involvement in charging higher prices for foreign exchanges, particularly in US dollars required by travellers heading abroad. Besides, the central bank has...

IFC invests $11b in Asia-Pacific projects in FY'23

FE REPORT | 2023-08-31 00:00:00

IFC, the largest global development institution, funded a record US$11 billion for a total of 108 projects in Asia and the Pacific in fiscal year (FY) 2022-23, registering a 10 per cent year-on-year increase. The amount comprised $4.7 billion in...

Erdogan to visit Russia to discuss grain deal

2023-08-31 00:00:00

ISTANBUL, Aug 30 (Reuters): Turkish President Tayyip Erdogan will visit Russia soon to discuss the collapsed United Nations deal that had allowed Black Sea exports of Ukrainian grain, a spokesperson for Turkey's ruling AK Party said on Monday.The UN- and...

Gold prices steady near 3-week high

2023-08-31 00:00:00

Gold was perched atop a three-week high on Wednesday as traders positioned for more U.S. economic readings that could further alter the odds of another interest rate hike by the Federal Reserve, reports Reuters.Spot gold rose 0.1 per cent to...