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MTB introduces Bangla QR

FE DESK | 2023-08-21 00:00:00

Mutual Trust Bank Limited (MTB) has introduced pioneering Bangla QR transactions, driving the shift towards a cashless society, according to a statement. The bank's pioneering efforts have materialised through the introduction of user-friendly Bangla QR transactions, uniting banks to make...

DSE edges up as major sectors see stocks rise

FE REPORT | 2023-08-21 00:00:00

The Dhaka bourse closed the week's first session marginally higher extending the gaining streak for the second consecutive session, on marginal price appreciations experienced by major sectors.On the day, the travel & leisure sector saw the highest appreciation. The other...

National Housing Finance celebrates 25 years of operation

2023-08-21 00:00:00

National Housing Finance and Investments Limited celebrated its 25 years of journey of housing financing since its establishment in 1998. Mahbubur Rahman, chairman of the company, Syed M Altaf Hossain, vice chairman, Mohammad Shamsul Islam, managing director, company directors and...

DSE to tap into potential of green RMG cos for capital market expansion

MOHAMMAD MUFAZZAL | 2023-08-21 00:00:00

The Dhaka bourse has made a move to bring green ready-made garment factories into the capital market either through an initial public offering (IPO) or through issuance of bonds. It is set to sign an agreement with the Bangladesh Garment...

Japan inflation eases to 3.1pc

2023-08-21 00:00:00

TOKYO, Aug 20 (AFP): Japan's consumer price inflation eased to 3.1 per cent year on year in July, in line with market expectations, government data showed Friday.The figure for the world's third-largest economy, which excludes volatile fresh food prices, followed...

Titan Co to pay $560m to raise stake in CaratLane

2023-08-21 00:00:00

MUMBAI, Aug 20 (Reuters): India's Tata Group-owned Titan Co will raise its stake in its subsidiary CaratLane Trading by 27.2 per cent for 46.21 billion rupees ($555.8 million), the parent company said in an exchange filing on Saturday.Titan has entered...

S Arabia partners with Egypt and Turkiye on digital economy

2023-08-21 00:00:00

RIYADH, Aug 20 (Arab News): In a bid to promote collaborative ties in the digital economy, Saudi Arabia's minister of communications and information technology held talks with counterparts from Egypt and Turkiye on the sidelines of the G20 ministerial meeting...

US slaps tariffs on big solar cos for dodging China duties

2023-08-21 00:00:00

The United States on Friday finalised a decision to impose import duties on solar panel makers who finished their products in Southeast Asian nations to avoid tariffs on Chinese-made goods, according to a senior Commerce Department official, reports Reuters.The decision,...

Target sees profit boost on fewer discounts

2023-08-21 00:00:00

US retailer Target cut its full-year sales and profit expectations even as its quarterly profit exceeded Wall Street estimates last week, benefiting from fewer discounts and better stocked store shelves, reports Reuters.The retailer's second-quarter sales, however, dropped 5 per cent,...

Kuwait Airways plans to lease 8 Airbus jets

2023-08-21 00:00:00

KUWAIT CITY, Aug 20 (Reuters): Kuwait Airways plans to lease eight Airbus passenger jets within 10 years, Chairman Ali Aldokhan said on Sunday.The state-owned carrier is examining offers from leasing companies, and the contract duration for the leased planes, all...

BIA SIGNS MOU WITH ICC

2023-08-21 00:00:00

Bangladesh Insurance Association (BIA) and India Chamber of Commerce (ICC) signed a memorandum of understanding (MoU) at the BIA conference room in Dhaka on Sunday. BIA President Sheikh Kabir Hossain and Atanu Sen from ICC signed the MoU.

IDCOL PAYS TK 700M DIVIDEND TO GOVT

2023-08-21 00:00:00

Infrastructure Development Company (IDCOL), a state-owned financial institution, has paid a dividend of Tk 700 million to the government for financial year 2022. Sharifa Khan, Secretary, Economic Relations Department (ERD) and Chairman of IDCOL, formally handed over the dividend cheque...

Bengal Commercial Bank signed agreement with and NEC

2023-08-21 00:00:00

Bengal Commercial Bank Ltd. signed an agreement with and NEC Money Transfer Ltd., UK recently. The deal will enable Bangladeshi immigrants to send their remittances to any branches of Bengal Commercial Bank easily from anywhere of the world through NEC...

MetLife settles Tk 15.37b claims in H1

2023-08-21 00:00:00

MetLife Bangladesh has settled claims amounting to Tk 15.37 billion (Tk 1,537 crore) in the first six months (January-June) of 2023, says a press release. This amount includes the money customers received as insurance benefits and claims for loss of...

Universal pension scheme a pro-people initiative

FE REPORT | 2023-08-21 00:00:00

Dhaka Chamber of Commerce and Industry (DCCI) on Sunday appreciated the government for introducing universal pension scheme (UPS).Terming the scheme a timely move for inclusive socio-economic change, DCCI president Barrister Md Sameer Sattar said the scheme is an opportune and...

Basic pay percentage waning

MONIRA MUNNI | 2023-08-21 00:00:00

Basic payment in the ready-made garment (RMG) workers' minimum wage structure has been declining in percentage rate since 2006, causing erosion in their earnings and other financial benefits, labour leaders alleged.In 2006, basic payment of a seventh-grade or entry-level RMG...

Liton in city, Shakib in Dubai after LPL mission

2023-08-21 00:00:00

Bangladesh captain Shakib Al Hasan flew to Dubai after ending the Lankan Premier League (LPL) mission but Liton Das who also played in Shakib's team in the tournament returned to Dhaka on Sunday, reports BSS.Liton will join the ongoing practice...

Tamim resumes batting practice as his comeback journey progresses

2023-08-21 00:00:00

Former Bangladesh captain Tamim Iqbal has taken a significant step forward in his journey towards a comeback to competitive cricket, as he resumed batting practice on Sunday at the indoor practice facility at Mirpur in the city, reports UNB.After undergoing...

Messi magic lifts Miami to first Leagues Cup title

2023-08-21 00:00:00

NASHVILLE, Aug 20 (Agencies): Lionel Messi scored a screamer and won his first trophy in North American soccer as Inter Miami beat Nashville on penalties (10-9) after their final ended 1-1 in 90 minutes.The Argentine World Cup winner had put...

Spain's Bonmati named best player as England's Earps wins Golden Glove

2023-08-21 00:00:00

SYDNEY, Aug 20 (Agencies): Spanish midfielder Aitana Bonmati on Sunday won the Golden Ball for the best player at this year's Women's World Cup after her side beat England 1-0 in the final.The versatile 25-year-old Barcelona star had a phenomenal...

Nine business outlets fined in Gazipur

2023-08-21 00:00:00

GAZIPUR, Aug 20 (BSS): A mobile court in Kaliganj Bazar of the district fined nine business establishments Tk 21500 for irregularities.Executive Magistrate Umme Hafsa Nadia, who is also Upazila Assistant Commissioner (land), led the drive conducted different places in Kaliganj...

Unidentified woman crushed under wheels of train in Chattogram

2023-08-21 00:00:00

CHATTOGRAM, Aug 20 (UNB): An unidentified woman was crushed under the wheels of a running train at Bhatiari Rail Station in Sitakunda upazila of Chattogram district on Sunday.Salauddin Al Noman, sub-inspector of Chattogram Railway Police Station, said local people found...

Three KMCH doctors missing since Friday

2023-08-21 00:00:00

KHULNA, Aug 20 (UNB): Three doctors of Khulna Medical College Hospital (KMCH) have been missing for the last two days.Dr Luis, Dr Tisha and Dr Sharmistha are missing since last Friday, confirmed Dr Sheikh Baharul Alam, president of Swadhinata Chikitshak...

Prof Jahangir joins RUET as new VC

2023-08-21 00:00:00

RAJSHAHI, Aug 20 (BSS): Professor Jahangir Alam has joined Rajshahi University of Engineering and Technology (RUET) today as its new Vice-chancellor (VC) after the post remained vacant for over one-year.Prior to the new assignment, he was in the department of...

GEO textile bags rolling down

2023-08-21 00:00:00

GEO textile bags rolling down into the riverbed as erosion washed away a number of structures. The photo was taken from Goyatola village in Kalapara upazila of Patuakhali district — Focus Bangla

Body of BSCIC officer recovered in Meherpur

2023-08-21 00:00:00

MEHERPUR, Aug 20 (UNB): The body of a Bangladesh Small and Cottage Industries Corpo-ration (BSCIC) officer was recovered from the premises of the corporation's local office in Sadar upazila of Meherpur on Sunday .Shamsuzzaman Mithu, 56, was deputy managing director...

Karmasangsthan Bank signed MoU with National Skill Development Authority

2023-08-21 00:00:00

Karmasangsthan Bank signed a Memorandum of Understanding (MoU) with the National Skill Development Authority (NSDA) of the Prime Minister's Office at the NSDA Conference Room on Sunday for providing loans to trained youths on easy terms and at low interest...

Asian spot LNG prices rise to 5-month high on Australian strikes risk

2023-08-21 00:00:00

LONDON, Aug 20 (Reuters): Asian spot liquefied natural gas (LNG) prices rose this week to the highest level in five months, as the risk of possible industrial action at some Australian LNG facilities raised concerns over supply.The average LNG price...

News in Brief(2023-08-21)

2023-08-21 00:00:00

US, Japan and Australia plan joint navydrills in disputed South China SeaMANILA, Aug 20: The United States, Japan and Australia are planning a joint navy drill in the South China Sea off the western Philippines this week to underscore their...

Stem cells from one eye show promise in healing injuries in the other

2023-08-21 00:00:00

WASHINGTON, Aug 20 (AP): Phil Durst recalled clawing at his face after a chemical from a commercial dishwashing machine squirted into his eyes, causing "the most indescribable pain I've ever felt - ever, ever, ever."His left eye bore the brunt...