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Global Ins chair re-elected

2023-09-08 00:00:00

The Board of Directors of Global Insurance Limited in its recent meeting has unanimously re-elected Sayeed Ahmed its chairman and elected Sazzad Arefin Alam its vice chairman, says a press release. Sayeed Ahmed, an entrepreneur and industrialist, is the chairman...

Technology Park opens in Netrakona

2023-09-08 00:00:00

The Technology Park was inaugurated in Netrakona district on Wednesday in a significant step towards agricultural modernisation and innovation, says a press release. This remarkable initiative is a collaborative effort between the Appropriate Scale Mechanization Innovation Hub (ASMIH)-Bangladesh Project, Bangladesh...

Ship-breaking industry in dire straits due to ‘red’ category

NAZIMUDDIN SHYAMOL | 2023-09-08 00:00:00

CHATTOGRAM, Sept 07: Ship-breaking industry in Chattogram which was categorised as 'red' by the Department Environment (DoE) on April 26 this year is yet to be categorised as 'orange'. As a result, the industry is suffering a lot and supply...

Short-time profiting drags stocks back into the red

FE REPORT | 2023-09-08 00:00:00

Stocks were back in the red on Thursday after a single-day break as cautious investors exerted sell pressure to secure short-term gains from the persisting volatile market. Sea Pearl Beach Resorts, LafargeHolcim, Eastern Housing, Unique Hotel & Resorts, and Emerald...

Walton's FY23 profit lowest since listing, on high forex loss, production cost

FE REPORT | 2023-09-08 00:00:00

The dollar gaining strength and runaway inflation coupled with costlier raw materials dragged the annual profit of the electronic giant -- Walton Hi-Tech Industries -- to its lowest in FY23 since listing in 2020. The most-valued local company in terms...

Sanctions against Russia bringing BRICS closer, executives say

2023-09-08 00:00:00

SINGAPORE, Sept 07 (Reuters): Western sanctions against Russia are driving the BRICS grouping of countries closer together in addition to curbing Moscow's oil revenue, some executives at a major Asia energy conference said.Sanctions imposed by the Group of Seven and...

UK retailer B&M to buy 51 stores of Wilko

2023-09-08 00:00:00

British discount retailer B&M said on Tuesday it will buy 51 stores of collapsed Wilko for up to 13 million pounds ($16.29 million), a month after the homeware and household goods discount retailer went into administration, reports Reuters.Wilko was taken...

German suppliers welcome Chinese EV makers' European plans

2023-09-08 00:00:00

MUNICH, Sept 07 (Reuters): While Western carmakers look warily upon the European expansion plans of Chinese electric vehicle makers, major German auto suppliers are eager to expand on existing partnerships in China and provide those rising manufacturers with European-made parts."Chinese...

Indonesia proposes critical minerals trade deal with US

2023-09-08 00:00:00

JAKARTA, Sept 07 (Reuters): Indonesia has asked the United States to begin talks on a trade deal for critical minerals so that exports from the Southeast Asian country can be covered under the US Inflation Reduction Act, an Indonesian ministry...

IKEA stores owner plans recycling expansion

2023-09-08 00:00:00

LONDON, Sept 7 (Reuters): The largest owner of IKEA stores is planning to expand its mattress recycling across Europe, but without changes to incentives it will remain cheaper to incinerate in many markets, the managing director of its investment arm...

UNION BANK FOUNDATION TRAINING COURSE

2023-09-08 00:00:00

The concluding ceremony of a 15-day long Foundation Training Course organised by Union Bank Training Institute was held recently. Managing Director & CEO of Union Bank ABM Mokammel Hoque Chowdhury was present as the chief guest at the programme presided...

China's trade slump narrows

2023-09-08 00:00:00

BEIJING, Sept 7 (Reuters): China's exports and imports extended declines in August as the twin pressures of sagging overseas demand and weak consumer spending at home squeezed businesses in the world's second-largest economy, although the falls were slower than expected.While...

Nagad teams up with TerraPay for seamless remittance inflows

2023-09-08 00:00:00

Expatriate Bangladeshis around the world can now send home remittances through Nagad in a faster and easier way, as TerraPay, a global payments network, will provide seamless cross-border money transfer solutions, says a press release. Nagad Limited, known for its...

StanChart unveils cashless offers for Durga Puja festival

2023-09-08 00:00:00

As preparations for Durga Puja, scheduled for late October, have already begun, Standard Chartered has partnered with popular lifestyle, travel, dining, and home goods brands to bring a vast array of unique special offers to customers, says a press release.To...

Most protein items go pricier

FE REPORT | 2023-09-08 00:00:00

Chicken, fish and pulses, the major protein sources, showed a further hike in prices last week much to the discomfort of the people on low incomes.The price of ginger also shot up again amid a crunch in supply, according to...

Aziz Khan 41st richest person of Singapore: Forbes

2023-09-08 00:00:00

Muhammad Aziz Khan, the chairman of Summit Group, a business conglomerate in Bangladesh, has been ranked 41st among the top 50 richest people in Singapore, according to the American magazine 'Forbes', reports UNB.The magazine published the list of the top...

Gold gains as bond yields tick lower

2023-09-08 00:00:00

Gold prices edged higher on Thursday, as a slight pullback in Treasury yields offered some respite from a robust dollar, while investors looked forward to more U.S. economic data to gauge the outlook for interest rates, reports Reuters.Spot gold was...

Russian gas exports to EU seen dropping sharply

2023-09-08 00:00:00

MOSCOW, Sept 7 (Reuters): Russia's pipeline natural gas exports to the European Union may fall to 21 billion cubic metres (bcm) this year, almost two-thirds lower than last year and a more than a six-fold drop from 2021, Russian state...

$3b Philippine airport project has three potential bidders

2023-09-08 00:00:00

JAKARTA, Sept 7 (Reuters): A 170.6 billion pesos ($3 billion) project to modernise the main international airport in the Philippines has attracted three potential bidders, including India's GMR Group, the Philippine transportation secretary said on Wednesday.Ranked among the world's worst...

Oil falls as China concerns outweigh supply cuts

2023-09-08 00:00:00

LONDON, Sept 7 (Reuters): Oil prices eased on Thursday as an uncertain economic outlook for China outweighed expectations of tighter supplies from extended supply cuts in Saudi Arabia and Russia.Brent crude futures fell 18 cents, or 0.2 per cent, to...

News in Brief-(2023-09-08)

2023-09-08 00:00:00

Six gamblers arrested in SirajganjMembers of the Rapid Action Battalion (RAB) have arrested six members of an organised domestic online gambling gang in a raid at Godagari Garaber village in Kazipur upazila of Sirajganj district in the early hours of...

Two killed in Pabna road crash

2023-09-08 00:00:00

PABNA, Sept 07 (UNB) - Two people were killed and three others were injured after a bus crashed into a CNG-run autorickshaw in the Tebunia farm area of Pabna Sadar upazila on Thursday.The incident happened on the Pabna-Ishurdi highway when...

Concerted efforts against early marriage, dengue stressed

2023-09-08 00:00:00

CHAPAINAWABGANJ, Sept 07 (BSS): Speakers at a view-exchange meeting have stressed the need for collective efforts of all government and non-government organisations to stop early marriage and the spread of dengue and other mosquito-carried diseases.Chapainawabganj district administration arranged the meeting...

Woman found dead at her Khulna house

2023-09-08 00:00:00

KHULNA, Sept 07 (UNB) A 53-year-old woman was found dead at her house at Paschim Tutpara Farid Molla intersection in Khulna city on Wednesday. The dead is Anima Das, mother of police constable Subhendu Das. Hasan Al Mamun, officer-in-charge of...

Two dance artistes ‘gang-raped’ in Cox's Bazar, one held

2023-09-08 00:00:00

COX'S BAZAR, Sept 07 (UNB): Two teenage girls, who went to Cox's Bazar from Dhaka to perform dance at a programme, have allegedly been gang-raped by a group of miscreants at Kalatoli Cottage zone in the Cox's Bazar district town.One...

MMCH interns go on work abstention over clash with patients' relatives

2023-09-08 00:00:00

MYMENSINGH, Sep 07 (UNB): Interns of Mymensingh Medical College Hospital (MMCH) went on work abstention on Thursday following a clash with police and relatives of a patient over their alleged negligence in duty.The authorities concerned formed two separate committees to...

Farmers taking Aman seedlings

2023-09-08 00:00:00

Farmers taking Aman seedlings from seedbeds to their cultivated land for transplantation in the peak season that stretches from July to August. The picture was taken from Rangunia’s Gumai Bil area of Chattogram on Thursday — Focus Bangla

Rangpur Riders rope in Babar Azam for BPL

2023-09-08 00:00:00

KARACHI, Sept 07 (Geo Tv): Pakistan captain Babar Azam is set to feature in the Bangladesh Premier League (BPL) for the first time since 2017 after he was roped in by Rangpur Riders on Wednesday.When the prolific right-hander last featured...

Messi, Bonmati lead Ballon d'Or nominee lists, Neymar misses cut

2023-09-08 00:00:00

PARIS, Sept 08 (Agencies): Seven-time Ballon d'Or winner Lionel Messi is back in contention for the prestigious award a year after being omitted from the nomination list, which this time doesn't include longtime rival Cristiano Ronaldo.Neymar has been also left...

These teams will play final if remaining Asia Cup matches are washed out

2023-09-08 00:00:00

The Super Four matches of the ongoing Asia Cup 2023 are currently surrounded by uncertainty due to the bad weather and prediction of rain in the next 15 days in Colombo, Sri Lanka, according to Pakistan Tv channel Geo Tv....