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Legal notice seeks cancellation of 'Rail Transit' MoU with India

2024-06-27 00:00:00

FE REPORT A legal notice has been sent to the relevant government bodies demanding the cancellation of the Memorandum of Understanding (MoU) with India concerning the 'Rail Transit' to connect India's Northeast states.Supreme Court lawyer Md Mahmudul Hasan sent the...

Indictment challenged with HC

2024-06-27 00:00:00

Two of the accused have appealed to the High Court (HC) challenging their indictment in a case against 14 people, including Nobel Prize-winning Grameen Telecom Chairman Muhammad Yunus, over the embezzlement of funds from dividends set aside for the company's...

Rashid Ahmed Chy made CIU treasurer

2024-06-27 00:00:00

OUR CORRESPONDENTCHATTOGRAM, June 26: Professor Dr. Engr. Rashid Ahmed Chowdhury has been appointed the new Treasurer of Chittagong Independent University (CIU) for four years, effective immediately.The President of Bangladesh and Chancellor of CIU made the appointment in accordance with Section...

What Pentagon has said on US travel ban on ex-army chief Gen Aziz

2024-06-27 00:00:00

The US Department of Defense, also known as the Pentagon, believes by imposing sanctions on former Bangladesh army chief General (retd) Aziz Ahmed, the US commitment to strengthening the democratic institutions and the rule of law in the country has...

BD must end impunity for torture by cops: AI

FE REPORT | 2024-06-27 00:00:00

The Amnesty International (AI) said on Wednesday that Bangladesh authorities must end impunity for torture and other ill treatment by police and other security forces, hold perpetrators to account and ensure reparations are given to victims.The AI made the view...

APA will build public confidence in ensuring transparency: Arafat

2024-06-27 00:00:00

State Minister for Information and Broadcasting Mohammad Ali Arafat has said the Annual Performance Agreements (APAs) will help build public confidence in ensuring transparency and accountability of the government, reports BSS."The APAs will contribute to ensure good governance. By signing...

Bring more EU missions in BD to facilitate sending manpower

FE REPORT | 2024-06-27 00:00:00

Manpower recruiters have urged the government to bring more foreign missions or consulate offices, particularly of the European countries, in Bangladesh as they now have to process visas for many of the potential EU job destinations from India.They also suggested...

New office-bearers of Janata Bank Bangabandhu Parishad

2024-06-27 00:00:00

A new Executive Committee of Bangabandhu Parishad, Janata Bank PLC, has been formed, with Md Ashraful Haque Bhuiyan Sharif as its president and Md. Anisur Rahman as its general secretary, says a press release. Other members of the committee are...

PRAGATI INSURANCE HOLDS 38TH ANNUAL GENERAL MEETING

2024-06-27 00:00:00

PRAGATI INSURANCE HOLDS 38TH ANNUAL GENERAL MEETINGPragati Insurance Limited held its 38th Annual General Meeting on a digital platform on Wednesday, with Syed M. Altaf Hussain, Chairman of the company, in the chair. Vice-chairman Tabith Awal and Members of the...

TASTY TREAT OPENS OUTLETS IN RANGPUR, DINAJPUR

2024-06-27 00:00:00

TASTY TREAT OPENS OUTLETS IN RANGPUR, DINAJPURThe country's popular fast food retail brand 'Tasty Treat' has opened four outlets in Rangpur and Dinajpur. With the opening of these outlets in Rangpur, Tasty Treat now has a presence in all divisions...

UBS urges Swiss govt to clarify capital demands

2024-06-27 00:00:00

ZURICH, June 26 (Reuters): UBS is pushing the Swiss government to clarify how much more the bank will need to hold in capital buffers after buying Credit Suisse, amid concerns the talks will drag on for months, unnerving investors, sources...

AGRANI REMITTANCE HOUSE HOSTS AWARENESS PROGRAMME IN MALAYSIA

2024-06-27 00:00:00

AGRANI REMITTANCE HOUSE HOSTS AWARENESS PROGRAMME IN MALAYSIA Agrani Remittance House, Malaysia, a subsidiary of Agrani Bank PLC, conducted an awareness campaign on sending remittances through legal channel, participation in the Universal Pension Probash Scheme, and Offshore Banking Deposit Accounts....

SOCIAL ISLAMI BANK HOLDS 29TH ANNUAL GENERAL MEETING

2024-06-27 00:00:00

SOCIAL ISLAMI BANK HOLDS 29TH ANNUAL GENERAL MEETING The 29th Annual General Meeting of Social Islami Bank was held on a virtual platform on Wednesday. The meeting approved 10 per cent dividend (5% cash & 5% stock) for the year...

Japan provides $3.21m grant for human resource dev

2024-06-27 00:00:00

Japan has provided 495 million Japanese Yen or US $3.21 million for the human resources development in Bangladesh, reports UNB.Ambassador of Japan to Bangladesh Iwama Kiminori and Secretary, Economic Relations Division, Ministry of Finance Md Shahriar Kader Siddiky signed the...

Safwan Choudhury re-elected vice chair of Bank Asia

2024-06-27 00:00:00

Mohd. Safwan Choudhury has been re-elected as Vice Chairman of Bank Asia at the meeting of the board of directors on June 23, 2024. Mr. Choudhury is an eminent industrialist of Bangladesh. He is a former president of the Sylhet...

Kaiser, Khaled re-elected chairman, vice chairman of City Bank-

2024-06-27 00:00:00

The board of directors of City Bank announced re-election of Aziz Al Kaiser as Chairman and Hossain Khaled as vice chairman. This marks their fourth consecutive term in these positions.Aziz Al Kaiser, a founding director of City Bank, first took...

UCB Investment wins FinanceAsia Awards 2024

2024-06-27 00:00:00

UCB Investment, a wholly owned subsidiary of United Commercial Bank, has been awarded for the second time in a row the FinanceAsia Awards 2024 for Best Investment Bank in Bangladesh, according to a press release.Tanzim Alamgir, managing director and CEO...

New Sonali Life manager not up for validating financial results

FE REPORT | 2024-06-27 00:00:00

Sonali Life Insurance Company has failed to disclose financial results of 2023 within the stipulated three months after the year ended for the suspension of the board on allegations of fund embezzlement.The administrator, Brig General S M Ferdous appointed by...

MTB Foundation distributes free bicycles to girl students

2024-06-27 00:00:00

MTB Foundation distributes free bicycles to girl students MTB Foundation distributed one hundred (100) 'Swapno Sarathi' (The Dream Chariot) bicycles to female underprivileged meritorious students of different schools in Thakurgaon. The aim of the campaign is to enable female students...

Regulator asked to look into share trading by DSE independent director

FE REPORT | 2024-06-27 00:00:00

The Ministry of Finance (MoF) has ordered the securities regulator to look into the allegations of share manipulation against an independent director of the Dhaka Stock Exchange.The directive was influenced by a report published recently by a Bangla national daily,...

Stocks gain for 2nd day, supported by cheaper blue chips

FE REPORT | 2024-06-27 00:00:00

Stocks extended the rally on Wednesday, with the benchmark index of the Dhaka Stock Exchange (DSEX) exceeding the 5,300 mark after a month, as buoyant investors put fresh bets on large-cap stocks.Market experts said investors opted to take positions in...

Rashid Khan: From refugee to Afghanistan's World Cup warrior

2024-06-27 00:00:00

KARACHI, June 26 (AFP): Rashid Khan's rise to become a multi-millionaire cricket superstar began in the most desperate of circumstances as a refugee living in the Pakistan city of Peshawar.However, as an in-demand franchise cricketer with his box of leg-spin...

Coach believes his team won't be haunted by its embarrassing legacy

2024-06-27 00:00:00

TAROUBA, June 26 (AFP): South Africa coach Rob Walter believes his team will not be haunted by its embarrassing legacy of big-match stagefright when they take on Afghanistan for a place in the T20 World Cup final.Despite the Proteas' deep...

Bangladesh to return home tomorrow after disastrous T20 WC

2024-06-27 00:00:00

The Bangladesh national cricket team is set to return to the country tomorrow (Friday) after a disastrous T20 World Cup campaign in the USA and West Indies, reports BSS.Bangladesh won three matches, the highest number of matches they won in...

Shakib hits rock bottom in ICC T20 allrounder rankings

2024-06-27 00:00:00

Shakib Al Hasan has moved down to his career low sixth spot in the ICC T20 rankings for the allrounder after a below-average performance in the ongoing World Cup for the shortest format of cricket, reports BSS. It's his lowest...

Indian imports of Russian coal fall, US shipments rise

2024-06-27 00:00:00

SINGAPORE, June 26 (Reuters): Indian imports of Russian coal have declined while US shipments have risen in the three months ending in May, data from coal consultancy Bigmint showed, which traders attributed to Russian supplies becoming less competitive.Russia's exports of...

MRA, MICROFINANCE INSTITUTIONS SIGN APA

2024-06-27 00:00:00

MRA, MICROFINANCE INSTITUTIONS SIGN APA The Microcredit Regulatory Authority (MRA) and 20 microfinance institutions signed annual performance agreements (APAs) at the MRA conference room in Dhaka on Wednesday. MRA Executive Vice Chairman Md Fashiullah and the chief executives of the...

NRB BANK OPENS EIGHT SUB-BRANCHES

2024-06-27 00:00:00

NRB BANK OPENS EIGHT SUB-BRANCHESNRB Bank Limited, a leading 4th generation bank of the country, opens eight sub-branches at Fenchuganj in Sylhet, Shantahar & Dhunat in Bogura, Batajor in Barishal, Gorai in Tangail, Kashiadanga in Rajshahi, Chhagolnaiya in Feni and...

SHIMANTO BANK HOLDS 8TH ANNUAL GENERAL MEETING

2024-06-27 00:00:00

SHIMANTO BANK HOLDS 8TH ANNUAL GENERAL MEETINGThe 8th Annual General Meeting (AGM) of Shimanto Bank PLC was held at Shahid Captain Ashraf Hall at the BGB HQs, Peelkhana, on Tuesday. The meeting was presided over by Director General of Border...

AL ARAFAH ISLAMI BANK OPENS RELOCATED UTTARA MODEL TOWN BRANCH

2024-06-27 00:00:00

AL ARAFAH ISLAMI BANK OPENS RELOCATED UTTARA MODEL TOWN BRANCH Al-Arafah Islami Bank (AIB) PLC has shifted its Uttara Model Town Branch to a new premises to provide best and modern banking services to its customers. Chairman of the bank...