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Many making beeline to start digital bank

JASIM UDDIN HAROON | 2023-08-21 00:00:00

The Bangladesh Bank (BB) has received a total of 52 applications from banks and various other entities that are interested in setting up digital banks in the country. The central bank Sunday revealed the number of applications and said it...

BTRC again seeks BB's help to get back Tk 254m FDR from Padma Bank

SYFUL ISLAM | 2023-08-21 00:00:00

The telecom regulator has once again sought Bangladesh Bank's (BB) intervention to help realise Tk 254 million it deposited with Padma Bank, officials said.Since 2017, Bangladesh Telecommunication Regulatory Commission (BTRC) had invested around Tk 380 million as term deposits in...

Spain wins its first Women's WC title

2023-08-21 00:00:00

SYDNEY, Aug 20 (AP): Spain won its first Women's World Cup title less than a year after a player rebellion, holding off England 1-0 on Sunday after Olga Carmona's first-half goal.Spain's first major international trophy made it the first European...

No quick fix to heal economic ills

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

Economists suggest mid-and long-term reforms to overcome persisting macroeconomic strains in Bangladesh as they think there is no quick-fix remedy for the major problems the growing economy currently faces.Speaking at a roundtable Sunday in Dhaka, they also called upon the...

Weather (2023-08-21)

2023-08-21 00:00:00

Light to moderate rain/ thunder showers accompanied by temporary gusty wind is likely to occur at a few places over Rangpur, Mymensingh, Chattogram and Sylhet divisions and at one or two places over Rajshahi, Dhaka, Khulna and Barishal divisions over...

Increase fund to address adverse climate impacts

2023-08-21 00:00:00

Speakers at a webinar observed that Bangladesh must focus on increasing climate fund and augmenting social security of the people to address the adverse impacts of climate change.They also emphasised the importance of sustainable agriculture, renewable fuels and effective waste...

9,841 pass 43rd BCS written test

2023-08-21 00:00:00

A total of 9,841candidates have passed the 43rd Bangladesh Civil Service (BCS) written Examination, report agencies.Bangladesh Public Service Commission (PSC) published the results on Sunday.The preliminary test of 43rd BCS was held on October 29, 2021 and some 15,229 candidates...

USAID firm to deepen ties with BD as key strategic partner

2023-08-21 00:00:00

The US Embassy in Dhaka has announced the arrival of Reed Aeschliman, the new Mission Director for the US Agency for International Development (USAID) in Bangladesh, reports UNB.."I am excited to be in Dhaka and look forward to deepening our...

Prime Minister Sheikh Hasina inaugurating -

2023-08-21 00:00:00

Prime Minister Sheikh Hasina inaugurating the newly-constructed 15-storey Bangladesh Telecommunication Regulatory Commission (BTRC) Bhaban and 13-storey Information Commission Bhaban and laying the foundation stone of Bangladesh Film Development Corporation (BFDC) Complex, virtually joining from Ganobhaban in the city on Sunday...

Korea confirms investment in Meghna water supply

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

South Korea has officially confirmed its investment in a new public-private partnership (PPP) project to supply water from the Meghna River to Bangabandhu Sheikh Mujib Shilpa Nagar - Bangladesh's largest industrial city in the south-eastern swathe.With the latest one, the...

Six Chhatra Dal leaders held with firearms, says DB

2023-08-21 00:00:00

Detective Branch (DB) of Dhaka Metropolitan Police (DMP) arrested six leaders of Jatiyatabadi Chhatra Dal (JCD) from the city's Lalbagh area on Saturday, reports UNB.Police seized 3 illegal firearms and 36 rounds of bullet from the arrestees, said a press...

BNP's Dhaka south unit leader Robin arrested

2023-08-21 00:00:00

Dhaka south city unit BNP acting member secretary Tanveer Ahmed Robin was arrested by plainclothes police at nightingale crossing in the capital in the early hours of Sunday, reports UNB.BNP senior joint secretary Ruhul Kabir Rizvi said the members of...

Does any country send prisoners overseas for better treatment? asks Momen

2023-08-21 00:00:00

Referring to the demand for BNP Chairperson Khaleda Zia's treatment abroad, Foreign Minister Dr AK Abdul Momen on Sunday said he does not have any information on any country sending prisoners abroad for "better treatment", reports UNB"The best treatment possible...

Govt to be ousted thru mass movement: Fakhrul

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

Bangladesh Nationalist Party (BNP) Secretary General Mirza Fakhrul Islam Alamgir on Sunday urged the government to stop repression on the opponents, resign immediately and hold free, fair and participatory elections under a neutral caretaker government.Otherwise, the government to be ousted...

Hasan for boycotting those responsible for Aug carnages

2023-08-21 00:00:00

Information and Broadcasting Minister and Awami League (AL) Joint General Secretary Dr Hasan Mahmud on Sunday urged the countrymen to boycott and resist those who are responsible for the brutal killings on August 15 in 1975 and grenade attacks on...

Saudi Insurance Authority's launch to drive sector growth

2023-08-21 00:00:00

RIYADH, Aug 20 (Arab News): The establishment of an insurance authority, which was recently approved by the Saudi Cabinet, will help boost the local industry, said a media spokesperson for the Kingdom's insurance companies.Adel Al-Eisa said the move will help...

US bank credit contracts, loans drop in latest week: Fed data

2023-08-21 00:00:00

Bank credit at US commercial banks shrank in the latest week as commercial banks pulled back on lending to businesses, data published by the Federal Reserve showed on Friday, reports Reuters.Overall bank credit fell to $17.23 trillion in the week...

Allianz bolsters private credit bet with new $1.6b fund

2023-08-21 00:00:00

LONDON, Aug 20 (Reuters): Allianz Global Investors, the insurance company's money management division, is pushing ahead with plans to raise at least 1.5 billion euros ($1.63 billion) for a new global private credit fund, a spokesperson said, as investors boost...

FTSE 100 set for biggest weekly drop since March

2023-08-21 00:00:00

LONDON, Aug 20 (Reuters): Britain's blue-chip FTSE 100 dropped to its lowest level in five months on Friday as worries about China's economy and concerns that global interest rates will remain higher for longer hurt risk sentiment.By 1257 GMT, the...

US SEC poised to adopt rules for $20 tln private fund industry

2023-08-21 00:00:00

Wall Street's top regulator is set next week to adopt new transparency rules for the $20-trillion private investment fund industry, according to an official notice, acting on a proposal that has drawn sharp industry objections, reports Reuters.The five-member US Securities...

India sets emission limit for hydrogen to qualify as 'green'

2023-08-21 00:00:00

MUMBAI, Aug 20 (Reuters): The Indian government has set an emission limit of two kilogram carbon-dioxide for every kilogram of hydrogen produced to be classified as "green" from renewable sources, the Ministry of New and Renewable Energy said on Saturday.It...

Oman's Islamic banking sector witnesses 12.6pc surge in assets

2023-08-21 00:00:00

RIYADH, Aug 20 (Arab News): Oman's Islamic banking sector witnessed a 12.6 per cent year-on-year surge in total assets reaching 7 billion Omani rials ($18.25 billion), data issued by the country's central bank showed.This figure accounts for approximately 17.2 per...

Monsha'at hosts franchise week to boost SME sector's GDP contribution

2023-08-21 00:00:00

RIYADH, Aug 20 (Arab News): Saudi Arabia's franchise sector is set to enhance its contribution to the Kingdom's gross domestic product with an initiative by the Small and Medium Enterprises General Authority. This initiative aims to unlock multiple opportunities within...

UBS upgrades global equities' rating to 'neutral'

2023-08-21 00:00:00

Economists at UBS have upgraded their rating for global equities, citing recent economic and inflation data coming in ahead of estimates and stronger-than-expected growth in the US economy, with less likelihood of a recession, reports Reuters.The brokerage, which raised its...

Shimanto Bank organised tree plantation programme

2023-08-21 00:00:00

Shimanto Bank has organised a tree plantation programme recently as part of its programmes to mark the National Mourning Day 2023. Rafiqul Islam, Managing Director & CEO of the bank, planted trees at Pilkhana in Dhaka.

Citizens Bank PLC organised a tree plantation programme

2023-08-21 00:00:00

Citizens Bank PLC organised a tree plantation programme on the premises of Dhaka College recently to mark the National Mourning Day 2023. Mohammad Masoom, Managing Director & CEO of the bank, inaugurated the programme.

Midland Bank organised food distribution at Foyla Bazar

2023-08-21 00:00:00

Midland Bank Ltd. has organised a food distribution at Foyla Bazar, Rampal, Bagerhat, and a tree plantation programme in Rajshahi recently to mark the National Mourning Day.

IFIC Bank paid tributes to Father of the Nation

2023-08-21 00:00:00

IFIC Bank paid tributes to Father of the Nation Bangabandhu Sheikh Mujibur Rahman on the occasion of the National Mourning Day. The representatives of the bank placed a wreath at his mausoleum at Tungipara in Gopalganj on Friday.

Southeast Bank distributed food items among the distressed people in Rangpur

2023-08-21 00:00:00

As part of its month-long programmes marking the National Mourning Day, Southeast Bank distributed food items among the distressed people in Rangpur recently. Abu Sayeed, UNO of Badarganj Upazilla, and Md Monjurul Kabir Talukder, Head of Branch, Southeast Bank, Rangpur...

Mercantile Bank organised a tree plantation and food distribution programme

2023-08-21 00:00:00

Mercantile Bank Limited organised a tree plantation and food distribution programme on the Mercantile Bank General Hospital (proposed) premises at Uttara in Dhaka on Friday to mark the National Mourning Day. Bank's Director Mohammad Abdul Awal inaugurated the programme as...