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UK wants free, fair, peaceful polls in Bangladesh, envoy tells Hasina

2023-08-15 00:00:00

Newly appointed British High Commissioner Sarah Cooke on Monday said that her country is keen to enhance the bilateral trade and investment relationship with Bangladesh, reports UNB.The UK high commissioner said this while paying a courtesy call on Prime Minister...

Ex-state minister Redwan jailed for three years in graft case

2023-08-15 00:00:00

A Dhaka Special Judge's court has sentenced Redwan Ahmed, former state minister for Liberation War Affairs, to three years in prison for embezzling Tk 5.0 million from the Muktijoddha Sangsad, a welfare fund for freedom fighters, reports bdnews24.com.Judge Md Akhtaruzzaman...

HC asks to implement anti-bullying policy in edn instts in 6 months

FE REPORT | 2023-08-15 00:00:00

The High Court on Monday ordered the authorities concerned to send the policy formulated by the government to prevent bullying and ragging in the educational institutions to all the educational institutions of the country within three months.At the same time,...

SC lawyer applies to President for 'All-Party Govt'

FE REPORT | 2023-08-15 00:00:00

A Supreme Court lawyer on Monday sent a letter to the President requesting him to form an "All-Party Government" to conduct the upcoming parliamentary election. Lawyer Md Mahmudul Hasan sent the letter by post. He sent the letter under Article...

Press freedom not possible sans democracy: Fakhrul

2023-08-15 00:00:00

Stating that corporate media outlets in Bangladesh are working to protect the looters and corrupts, BNP Secretary General Mirza Fakhrul Islam Alamgir on Monday said it is not possible to ensure press freedom without democracy, reports UNB."We now see so...

BNP hatching multifaceted plots when country moving fast: Hasan

2023-08-15 00:00:00

Information and Broadcasting Minister Hasan Mahmud said BNP secretary general's statement proves that they are the main patrons of militants, reports UNB."After the arrest of some militants in Kulaura of Moulvibazar recently, Mirza Fakhrul said this militant drama has been...

ndia's Adani Group stocks hit by first auditor quitting over Hindenburg report

2023-08-15 00:00:00

BENGALURU, Aug 14 (Reuters): Shares of Adani Group companies fell between 3 per cent and 6 per cent on Monday after Deloitte resigned as auditor of Adani Ports, the first such move at the Gautam Adani-led conglomerate since US short-seller...

Asian markets fall on China property woes

2023-08-15 00:00:00

HONG KONG, Aug 14 (AFP): Asian markets posted sharp losses on Monday after falls in US tech stocks and as concerns over China's property sector weighed on sentiment.Leading the losers in Hong Kong-where shares closed down more than one percent-was...

China property fears hurt shares, dollar climbs

2023-08-15 00:00:00

SYDNEY, Aug 14 (Reuters): Shares slid on Monday as China's property woes amplified the case for stimulus even as Beijing seemed deaf to the calls, while rising Treasury yields lifted the dollar, which briefly poked its head above the closely...

Prime Bank signed agreement with IIDFC

2023-08-15 00:00:00

Prime Bank has recently signed an agreement with Industrial and Infrastructure Development Finance Company Limited (IIDFC) to provide the latter with sophisticated cash management solutions through PrimePay, the omni digital platform of the bank. Shams Abdullah Muhaimin, deputy managing director...

Modhumoti Bank organised dua mahfil and discussion

2023-08-15 00:00:00

Modhumoti Bank Limited on Monday organised dua mahfil and discussion on the occasion of the 48th martyrdom anniversary of the Father of the Nation Bangabandhu Sheikh Mujibur Rahman and National Mourning Day at the bank's head office. A Mannan Khan,...

BSEC approves Tk 2b Capitec Grameen Bank Growth Fund

FE REPORT | 2023-08-15 00:00:00

The stock market regulator has approved the draft prospectus of a closed-end mutual fund -- Capitec Grameen Bank Growth Fund -- of Tk 2 billion.The approval came on Monday at a meeting held at the office of the Bangladesh Securities...

DSE sinks to 4-month low as sell-off continues

FE REPORT | 2023-08-15 00:00:00

The prime index of the Dhaka Stock Exchange (DSE) tumbled to nearly four-month low, as investors continued to dump their holdings to escape further losses.The DSEX, the prime index of the Dhaka Stock Exchange, slumped nearly 31 points or 0.48...

Brokers' apathy still keeps T-bonds inaccessible for retail investors

MOHAMMAD MUFAZZAL | 2023-08-15 00:00:00

General investors are yet to get access to primary auctions of T-bonds though the securities regulator laid down the process for stock brokers to participate in them on behalf of their clients. The guidelines were issued about one and a...

Yellen warns of risks of over-concentration of clean energy supply chains

2023-08-15 00:00:00

LAS VEGAS, Aug 14 (Reuters): The United States (US) is working to build resilient, diversified clean energy supply chains to protect its economic security, while guarding against the risks posed by over-concentration in a handful of countries, US Treasury Secretary...

Bank of China starts move to reduce salary gap among staffers

2023-08-15 00:00:00

BEIJING, Aug 14 (Reuters): Bank of China Ltd, China's fourth-largest lender by assets, has launched a countrywide exercise to reduce the salary gaps among its employees and mid- and high-level managers in response to Beijing's "common prosperity" drive, three sources...

Russian rouble sinks, Kremlin blames loose monetary policy

2023-08-15 00:00:00

MOSCOW, Aug 14 (Reuters): President Vladimir Putin's economic adviser rebuked the central bank on Monday as the rouble slid past 101 per US dollar, blaming its 30 per cent year-to-date slump on loose monetary policy and revealing growing discord among...

Australian court fines Dell $6.5m for misleading customers

2023-08-15 00:00:00

NEW YORK, Aug 14 (Reuters): Australia's Federal Court on Monday ordered Dell Technologies Inc's local unit to pay A$10 million ($6.46 million) in penalties for making misleading representations on its website about discounts for add-on computer monitors.In a legal action...

GLOBAL INSURANCE HOLDS BUSINESS CONFERENCE -

2023-08-15 00:00:00

The half-yearly business conference of Global Insurance Limited was held at the CIRDAP Auditorium in Dhaka recently. Chairman of the company Sayeed Ahmed was present as the chief guest and inaugurated the conference while Chief Executive Officer Md Mosharrof Hossain...

ISLAMI BANK SHARI'AH COMMITTEE MEETING HELD

2023-08-15 00:00:00

A meeting of the Shari'ah Supervisory Committee of Islami Bank Bangladesh PLC was held on Sunday on a virtual Platform. Maulana Obaid Ullah Hamzah, Chairman of the committee, presided over the meeting. Mohammed Monirul Moula, Managing Director & CEO of...

Midland Bank partners with NEC Money Transfer

2023-08-15 00:00:00

Midland Bank Limited (MDB) signed an agreement with NEC Money Transfer Limited, a UK-based global money transfer company. This arrangement will enable Midland Bank to disburse remittances from its branches and agent banking centres sourced through NEC Money. Md Ahsan-uz-Zaman,...

Dr Shadi new Vice President of BACC

2023-08-15 00:00:00

Managing Director of Notundhora Group and the founder of country's first professional Real Estate Training Institute Dr Md Shadi-Uz-Zaman has been appointed as the vice president of Bangladesh American Chamber of Commerce (BACC), Florida, US, for two years, says a...

StanChart wins ‘Best Bank’ award for Excellence

2023-08-15 00:00:00

Standard Chartered has earned the prestigious title of "Best Bank" in Bangladesh at Euromoney Awards for Excellence 2023, reports BSS. This milestone victory is a recognition of the bank's long-standing push to embrace digitalisation and disruption, a strategy that has...

Mahbubul takes over as FBCCI president

FE REPORT | 2023-08-15 00:00:00

Mahbubul Alam officially took over as the president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) on Monday.The outgoing Board of Directors (2021-23), led by the immediate past president of the apex trade body, Md Jashim Uddin,...

Vouchers must for egg trading: DNCRP

YASIR WARDAD | 2023-08-15 00:00:00

The Directorate of National Consumer Rights Protection (DNCRP) on Monday said the egg traders must have vouchers of trading or their businesses would face closure. DNCRP Director General (DG) A H M Shafiquzzaman said, "If we find the egg traders...

ADB provides $490m for 2 BD projects

2023-08-15 00:00:00

Asian Development Bank (ADB) is providing a loan of US$ 490 million to implement two projects in Bangladesh, reports UNB. The Economic Relation Division (ERD) and ADB on Monday signed two separate loan deals in Dhaka. Sharifa Khan, secretary, ERD,...

IPDC FINANCE SIGNS MOU WITH AAMRA ACTIVE

2023-08-15 00:00:00

IPDC Finance has signed an MoU with Aamra Active, a fitness gym in Dhaka, at the IPDC head office recently. Under the agreement, Aamra Active will offer 10 per cent discount on membership packages for IPDC Priti clients and IPDC...

UTTARA BANK HOLDS CONFERENCE

2023-08-15 00:00:00

A conference on 'Prevention of money laundering' was held at the auditorium of Uttara Bank PLC recently. Mohammed Rabiul Hossain, Managing Director & CEO of Uttara Bank, addressed the event as the chief guest. Deputy Managing Directors Maksudul Hasan, Md...

IDCOL TREE PLANTATION PROGRAMME

2023-08-15 00:00:00

The Infrastructure Development Company Limited (IDCOL) launched a tree-plantation programme on the National Institute of Cardiovascular Disease (NICVD) premises on Monday to mark the National Mourning Day. IDCOL took the initiative to plant 500 trees in the garden area of...

Oil steadies as China worries counter supply cuts

2023-08-15 00:00:00

LONDON, Aug 14 (Reuters): Oil prices stabilised on Monday as concerns about China's faltering economic recovery and a stronger dollar took the momentum out of seven weeks of gains on tightening supply.Brent crude futures slipped 42 cents to $86.39 a...