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Govt considers lenient punishment for convicts under DSA: Anisul

2023-08-09 00:00:00

Law, Justice and Parliamentary Affairs Minister Anisul Huq on Tuesday said the government would consider lenient punishment for convicts under the existing Digital Security Act (DSA) while a process is underway to redraft the law and rename it as Cyber...

Chinese envoy calls BD students 'bridge of hope' in Dhaka-Beijing friendship

2023-08-09 00:00:00

Chinese Ambassador Yao Wen has said that young Bangladeshi students are the "bridge of hope" to carry forward the tradition of friendship between the two countries, reports UNB.While speaking at a reception, he encouraged students to study hard."They should not...

BUET students take oath against student politics on campus

DU CORRESPONDENT | 2023-08-09 00:00:00

The students of Bangladesh University of Engineering and Technology (BUET) have taken an oath on Tuesday for not involving in any kind of organizational student politics on the campus. The oath was taken in front of BUET cafeteria around 1:30pm.The...

Breastfeeding rate in BD still inadequate

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

Despite government efforts, early initiation and exclusive breastfeeding rates in Bangladesh are still not satisfactory, speakers told a seminar on Tuesday.More than one-third of the mothers are still out of breastfeeding practice and the scenario is worse among working mothers,...

Indictment hearing in Barapukuria graft case against Khaleda begins

2023-08-09 00:00:00

A Dhaka court on Tuesday started holding hearing on charge framing in the Barapukuria Coalmine graft case against BNP chairperson Begum Khaleda Zia and nine others, reports BSS.Anti-Corruption Commission (ACC) public prosecutor Mosharraf Hossain Kazal concluded his part of hearing...

Six including Jubo Dal joint secretary held in arson case

2023-08-09 00:00:00

Members of Dhaka Metropolitan Police (DMP) have arrested six BNP men from different places of the country, in a case lodged over setting three passenger buses and a police car on fire during the party's sit-in programme in the city's...

AL delegation holds meeting with Rajya Sabha leader

2023-08-09 00:00:00

NEW DELHI, Aug 08 (BSS): Visiting Bangladesh Awami League delegation on Tuesday held a meeting with Leader of Rajya Sabha, the Upper House of the Indian Parliament, Piyush Goyal at the latter's parliament office here.During the meeting, they discussed different...

BNP demands complete repeal of DSA

2023-08-09 00:00:00

Terming the Digital Security Act (DSA) the worst black law for democracy and people's freedom, BNP on Tuesday demanded complete repeal of the law instead of its transformation, reports UNB.Speaking at a press conference, BNP Secretary General Mirza Fakhrul Islam...

AL pays homage to Bangamata on her 93rd birth anniv

2023-08-09 00:00:00

The ruling Awami League (AL) and its associate bodies on Tuesday paid tributes to Bangamata Sheikh Fazilatunnesa Mujib, wife of the Father of the Nation Bangabandhu Sheikh Mujibur Rahman, on her 93rd birth anniversary, reports BSS.The AL leaders and activists,...

Quader calls for resisting ‘evil force like BNP’

2023-08-09 00:00:00

Awami League General Secretary and Road Transport and Bridges Minister Obaidul Quader on Tuesday called for resisting the evil force like BNP as the party is the 'mastermind' of killings and conspiracies in Bangladesh, reports BSS."We must have to resist...

Indian shares slip in run up to key data, RBI policy

2023-08-09 00:00:00

BENGALURU, Aug 8 (Reuters): Indian shares fell on Tuesday as caution reigned ahead of crucial data due through the week, including inflation reading from the United States and a policy decision by India's central bank.The Nifty 50 index settled 0.13...

Global banking stocks skid after Moody's cuts, Italy windfall tax

2023-08-09 00:00:00

Shares of global lenders fell on Tuesday as investors turned nervous following a Moody's downgrade of 10 mid-sized US banks and Italy approving a surprise 40 per cent windfall tax on lenders, reports Reuters.The rating agency said rising funding costs,...

Tata Chemicals posts drop in Q1 profit on lower prices, volumes

2023-08-09 00:00:00

BENGALURU, Aug 8 (Reuters): India's Tata Chemicals Ltd posted a 9.7 per cent fall in first-quarter profit on Monday, hurt by a fall in soda ash prices and lower volumes.The chemical manufacturer's consolidated net profit fell to 5.32 billion rupees...

Dubai's tourism back on track as visitors exceed pre-Covid level

2023-08-09 00:00:00

Dubai's tourism sector achieved a significant milestone in the first half of 2023 by welcoming 8.55 million international overnight visitors, surpassing pre-pandemic levels of 8.36 million recorded in the first half of 2019, reports Arab News. This represents the city's...

Yuan loses core support as firms leave China

2023-08-09 00:00:00

SHANGHAI/SYDNEY, Aug 8 (Reuters): Since China opened to foreign investment in 1978 under Deng Xiaoping, global firms have ploughed in hundreds of billions of dollars to buy and build factories for market access and cheap labour, bolstering the Chinese currency.A...

KGDCL PAYS TRIBUTE TO BANGAMATA

2023-08-09 00:00:00

Officials and employees of Karnaphuli Gas Distribution Company Limited pay tribute to Bangamata Sheikh Fazilatunnesa Mujib by placing a wreath at her portrait in front of the Chattogram Circuit House on Tuesday on the occasion of her 93rd birth anniversary.

GLOBAL INSURANCE HOLDS 23RD AGM

2023-08-09 00:00:00

The 23rd Annual General Meeting of Global Insurance Limited was held recently on a digital platform. The meeting approved 12.25 per cent cash dividend to the shareholders for the year 2022. Shareholders expressed their satisfaction on the overall good performance...

SONALI BANK WORKSHOP ON 'CYBER SECURITY AWARENESS'

2023-08-09 00:00:00

Sonali Bank PLC organised a workshop on 'Cyber security awareness' on Tuesday to counter the threats of cyber attack in the financial sector. Chairman of the bank Ziaul Hasan Siddiqui inaugurated the workshop as the chief guest while CEO and...

Asian markets struggle as traders fret over another Fed hike

2023-08-09 00:00:00

HONG KONG, Aug 8 (AFP): Asian markets stuttered Tuesday on renewed concerns that the Federal Reserve will hike rates again, while ongoing worries about the Chinese economy added to the negativity.The positive vibes that fuelled a rally through much of...

AB Bank signed agreement with Ami Probashi

2023-08-09 00:00:00

AB Bank Limited recently signed an agreement with Ami Probashi Limited (APL), enabling migrant workers to open bank accounts digitally with any branch of AB Bank and easily remit from abroad to the account. Syed Mizanur Rahman, deputy managing director,...

A workshop on 'Prevention of money laundering & combating financing of terrorism'

2023-08-09 00:00:00

A workshop on 'Prevention of money laundering & combating financing of terrorism' was jointly organised by the Bangladesh Financial Intelligence Unit (BFIU) and Pubali Bank Limited. Mohammad Ali, managing director and chief executive of Pubali Bank, inaugurated the workshop virtually,...

MTB wins best consumer digital bank award for second consecutive year

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

Mutual Trust Bank Ltd. (MTB) has once again won the prestigious "World's Best Consumer Digital Bank Award in Asia-Pacific" for the second consecutive year, a remarkable feat applauded by Global Finance, said a statement. This accolade underscores MTB's firm commitment...

‘Made in Bangladesh’ brand getting more popular

2023-08-09 00:00:00

World-class safety standards alongside major strides in responsible and sustainable business practices and enhanced capabilities for meeting the demand for diversified products have amplified the preference of international buyers for garments made in Bangladesh, said Faruque Hassan, BGMEA President of...

Metro Spinning expects to double production capacity in 6 months with new machinery

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

Metro Spinning is all set to more than double its production capacity within six months as it has finally reached the culmination of a plan to import new machinery made two years ago. In October 2021, the company, which is...

SC clears way for trial against GP

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

The Appellate Division of the Supreme Court (SC) has cleared the way for the labour court concerned to continue proceedings of the 22 cases, filed against Grameenphone Limited (GP) by its 22 former employees - who were retrenched from their...

Square Pharma discloses another outsourcing deal, dragging stock up

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

Square Pharmaceuticals finalised another outsourcing contract with local drug maker Euro Pharma to meet the growing demand for its products.This is the second such deal to be made by the flagship company of Square Group in less than a month....

City Bank to join the club of digital bank sponsors

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

The City Bank joins the queue to invest in a digital bank by becoming a sponsor shareholder as the country looks to accelerate financial inclusion with the help of technology. In a stock exchange filing on Tuesday, the first generation...

Hyundai to launch more EVs in India

2023-08-09 00:00:00

BENGALURU, Aug 8 (Reuters): South Korea's Hyundai Motor Group said on Tuesday it plans to launch more electric vehicles (EVs) under the Hyundai and Kia brands in India, in a sign that it is betting big on the world's third-largest...

Moody's downgrades US banks, warns of possible cuts to others

2023-08-09 00:00:00

Moody's cut credit ratings of several small to mid-sized US banks on Monday and said it may downgrade some of the nation's biggest lenders, warning that the sector's credit strength will likely be tested by funding risks and weaker profitability,...

PayPal launches dollar stablecoin

2023-08-09 00:00:00

Payments giant PayPal said on Monday it has launched a US dollar stablecoin, becoming the first major financial technology firm to embrace digital currencies for payments and transfers, reports Reuters.While stablecoins - crypto tokens whose monetary value is pegged to...