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Govt remains in power by force, alleges Dudu

FE REPORT | 2023-09-18 00:00:00

Bangladesh Nationalist Party (BNP) vice-chairman Shamsuzzaman Dudu on Sunday called upon the people to free the country from the clutches of the government. "This government remains in power by force. The country should be freed from them (the government)," he...

AL will come to power again through fair polls: Hasan

2023-09-18 00:00:00

Information and Broadcasting Minister and Awami League (AL) Joint General Secretary Dr Hasan Mahmud has said his party would come to power again through free and fair elections as he exchanged views with Bangladeshi expatriates in Canada, reports BSS."A section...

BNP to be big looser if it boycotts polls: Hanif

2023-09-18 00:00:00

KUSHTIA, Sept 17 (BSS): Calling BNP to stop their so-called one-point demand of toppling government, Awami League joint general secretary Mahbubul Alam Hanif said the party should concentrate on how to appear in the upcoming national elections; otherwise it will...

Govt plotting to kill Khaleda, Fakhrul tells youth road march in Bogura

2023-09-18 00:00:00

BNP on Sunday alleged that the government is 'plotting to kill' party chief Khaleda Zia by not allowing her to go abroad for treatment, reports UNB."The popular leader of the country, who has been fighting for democracy throughout her life,...

Last Fed hike tends to aid stocks, but some have doubts this time

2023-09-18 00:00:00

NEW YORK, Sept 17 (Reuters): The end of the Federal Reserve's rate hiking cycle has generally been a good time to own US stocks, but an uncertain economic outlook and stretched valuations could dampen upside this time around.After raising borrowing...

LVMH, Gucci to expand in India with new outlets in Reliance's luxury mall

2023-09-18 00:00:00

MUMBAI, Sept 17 (Reuters): Gucci, Cartier and Louis Vuitton are among brands to sign leases for stores in Indian tycoon Mukesh Ambani's new Mumbai mall, as luxury firms and Reliance Industries seek to profit from strong economic growth and a...

Lagarde seized ECB colleagues’ handsets to prevent leaks

2023-09-18 00:00:00

FRANKFURT, Sept 17 (Reuters): European Central Bank President Christine Lagarde seized the mobile phones of her fellow policymakers at this week's meeting and rebuked them for leaking crucial information ahead of a policy decision, two sources told Reuters.The unprecedented move...

A representative meeting of Rupali Bank Karmachari Union held

2023-09-18 00:00:00

A representative meeting of the Rupali Bank Karmachari Union was held at its head office in the city on Sunday. Rupali Bank General Manager Tanvir Hasnine Moin was present as the chief guest while Hafizur Rahman presided over the meeting....

Branch managers' conference of Khulna division of Janata Bank held

2023-09-18 00:00:00

The branch managers' conference of Khulna division of Janata Bank Limited was held at a local hotel recently. Janata Bank Managing Director and CEO Md Abdul Jabbar was present as the chief guest while General Manager of Khulna division Md...

CPT distributes sewing machines

2023-09-18 00:00:00

Chittagong Progressive Trust (CPT) organised a programme on 'Distribution of sewing machines to destitute women and honouring CPT lifetime members-2023' at the Chittagong Press Club on Saturday. Bangladesh House Building Finance Corporation (BHBFC) and Union Bank Chairman Professor Dr. Md....

BMAMA members call on newly elected FBCCI President

2023-09-18 00:00:00

President of Bangladesh Motorcycle Assemblers & Manufecturers Association (BMAMA) and Chairman & Managing Director of Uttara Motors Ltd. Matiur Rahman along with other BMAMA members Biplob Kumar Roy, CEO, TVS Auto Bangladesh Ltd, Shigeru Matsuzaki, MD & CEO, Bangladesh Honda...

366th Board meeting of SJIBL held

2023-09-18 00:00:00

The 366th meeting of the Board of Directors of Shahjalal Islami Bank Limited (SJIBL) was held at the Corporate Head Office of the bank recently. The meeting was presided over by Chairman of the Board of Directors Mohammed Younus. The...

Modhumoti Bank signed agreement with Sarah Resort and Fortis Downtown Resort

2023-09-18 00:00:00

Modhumoti Bank Limited signed an agreement with Sarah Resort Limited and Fortis Downtown Resort Limited on Sunday at the bank head office in Dhaka. Modhumoti Bank Limited Managing Director (CC) Shahnawaj Chowdhury, Deputy Managing Director Kamrul Hasan Khan and Sarah...

Exim Bank arranged a business development conference in Cumilla

2023-09-18 00:00:00

Exim Bank arranged a business development conference on Saturday in Cumilla for regional branch managers, executives and officers. Exim Bank Managing Director and CEO Mohammad Feroz Hossain was present as the chief guest, while Additional Managing Director Shah Md Abdul...

MTB Foundation signed agreement with Ispahani Islamia Eye Institute and Hospital

2023-09-18 00:00:00

MTB Foundation recently signed an agreement with Ispahani Islamia Eye Institute and Hospital for the 'Community Health Partnership, predominantly Eye Health' project. The collaboration aims at providing basic healthcare and quality eyecare services to low-income communities in Rajshahi and intends...

National Life Insurance gets new DMD

2023-09-18 00:00:00

Probir Chandra Das FCA has been promoted to the Deputy Managing Director (DMD) of National life Insurance Company Ltd., says a press release. He was previously serving as an Assistant Managing Director & CFO at the company.Mr Probir joined NLI...

ICSB, ICSI hold int'l training

2023-09-18 00:00:00

Institute of Chartered Secretaries of Bangladesh (ICSB) and the Institute of Company Secretaries of India (ICSI) jointly organised and international training on 'Extended Scope of Works for CS Professionals' held at a hotel in Dhaka on September 15-16, says a...

Tariquzzaman new MD of DSE

FE DESK | 2023-09-18 00:00:00

Dr ATM Tariquzzaman on Sunday joined the Dhaka Stock Exchange (DSE) as the managing director. Bangladesh Securities and Exchange Commission approved his appointment on August 8 this year, according to a press release. Dr ATM Tariquzzaman boasts over 25 years...

Inquiry to identify DSE officials behind failure to upload Al-Haj Textile info

FE REPORT | 2023-09-18 00:00:00

The securities regulator has formed a three-member body to identify officials of the Dhaka Stock Exchange (DSE) responsible for not uploading news of Al-Haj Textile Mills on its news portal.In an order issued on Thursday, the Bangladesh Securities and Exchange...

LafargeHolicm rises on DSE, as it defeats Jalalabad Gas in int’l arbitration

FE REPORT | 2023-09-18 00:00:00

LafargeHolicm rose 1.46 per cent to Tk 69.70 on the Dhaka Stock Exchange on Sunday following the news that the cement maker won the international arbitration against Jalalabad Gas Transmission and Distribution.The state-owned Jalalabad Gas now has to pay back...

No law to compensate investors defrauded by stock brokers

BABUL BARMAN & FARHAN FARDAUS | 2023-09-18 00:00:00

No regulatory authority in Bangladesh is obliged by law to provide any remedy if a brokerage firm siphons off clients' money or assets. That is the reason why investors have not yet been paid back even three to four years...

Britain hands $621m to Tata Steel, 3,000 jobs could go

2023-09-18 00:00:00

LONDON, Sept 17 (Reuters): Britain is to pump 500 million pounds ($621 million) into Tata Steel to decarbonise its Welsh site, in a deal aimed at securing the future of the country's steel industry but which puts as many as...

Autoworkers’ strike against Detroit Three enters third day

2023-09-18 00:00:00

WASHINGTON, Sept 17 (Reuters): The United Auto Workers’ strike against the Detroit Three automakers is set to enter its third day Sunday with no immediate resolution on the horizon.On Saturday, negotiators for the United Auto Workers and Ford Motor had...

World needs $2.7 trillion annually for net zero emissions by 2050

2023-09-18 00:00:00

LONDON, Sept 17 (Reuters): Global investment of $2.7 trillion a year is needed to achieve net zero emissions by 2050 and avoid temperatures from rising above 1.5 degrees Celsius this century, a report by consultancy Wood Mackenzie said on Thursday.Scientists...

VinFast plans Asia expansion, to launch Indonesia plant in 2026

2023-09-18 00:00:00

HANOI, Sept 17 (Reuters): Vietnamese electric vehicle maker VinFast plans to expand in seven more markets in Asia, including Indonesia where it aims to start deliveries from next year and establish a plant in 2026.VinFast, formed and almost entirely controlled...

Trust Bank, BUP and Finance Ministry sign MoU

2023-09-18 00:00:00

An MoU was signed among Trust Bank Limited, Bangladesh University of Professionals (BUP) and the Ministry of Finance to initiate housing building loan for teachers/employees of BUP through banking system. Ahsan Zaman Chowdhury, Deputy Managing Director and CBO of Trust...

MIDLAND BANK ACHIEVES VISA AWARD

2023-09-18 00:00:00

Midland Bank Ltd. (MDB) achieved 'Excellence in prepaid cards' (Associate Member) at the Visa Excellence Award ceremony. Md. Zahid Hossain, Managing Director (Current Charge) of Midland Bank, received the award from Planning Minister MA Mannan at the ceremony titled 'Visa...

BRAC BANK WINS FIVE VISA AWARDS

2023-09-18 00:00:00

BRAC Bank Limited has received the highest number of awards from VISA this year. The bank won the awards in 'Excellence in POS Acquiring Business', 'Excellence in E-commerce Payment (Issuing)', 'Excellence in Commercial Cards' 'Excellence in Product Innovation' and 'Excellence...

Asian spot LNG prices inch up as market eyes Australia strikes -

2023-09-18 00:00:00

LONDON, Sept 17 (Reuters) - Asian spot liquefied natural gas (LNG) prices inched up last week amid supply concerns as workers at Chevron's Australia LNG projects escalated industrial action and as feedgas intake at US Freeport dropped below normal capacity....

Mercedes-Benz buses now in Bangladesh

2023-09-18 00:00:00

Mercedes-Benz buses are now available in Bangladesh, with the German company's bus chassis entering the market through Rancon Trucks and Buses Limited.The Mercedes-Benz OF 1623 bus chassis was launched at an event in Dhaka on Sunday, reports UNB.This bus chassis...