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Hero Alam files defamation suit against Rizvi

2023-08-08 00:00:00

Content Creator Ashraful Alam, popularly known as Hero Alam, has filed a defamation case against BNP senior joint secretary general Ruhul Kabir Rizvi, demanding Tk 5.0 million for his alleged offensive statements, reports BSS. Dhaka Metropolitan Magistrate Saiful Islam accepted...

Cyber Security Act may be deadlier than DSA: Rizvi

2023-08-08 00:00:00

BNP Senior Joint Secretary General Rahul Kabir Rizvi on Monday feared that the proposed Cyber Security Act could be deadlier than the Digital Security Act (DSA), reports UNB.Speaking at a press briefing at the BNP's Nayapaltan central office, he also...

Bangamata's 93rd birth anniv today

2023-08-08 00:00:00

The 93rd birth anniversary of Bangamata Sheikh Fazilatunnesa Mujib, wife of Father of the Nation Bangabandhu Sheikh Mujibur Rahman, will be observed across the country in a befitting manner today (Tuesday), reports BSS.Bangamata, also known by her nick name Renu,...

AL pushing country towards anarchy by arresting opponents: Fakhrul

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

BNP secretary general Mirza Fakhrul Islam Alamgir has said the ruling party is pushing the country towards a period of anarchy by arresting its opponents.He accused the government of filing false cases against opposition leaders and activists by creating imaginary...

India's BJP eager to work with AL for political stability in the region

2023-08-08 00:00:00

NEW DELHI, Aug 07 (BSS): Ruling Bharatiya Janata Party (BJP) President JP Nadda has said his party is eager to work with Bangladesh Awami League (AL) in future for the sake of political stability and curbing terrorism in the region...

Pharma, IT stocks lift Indian shares at the start of data-heavy week

2023-08-08 00:00:00

BENGALURU, Aug 7 (Reuters): Indian shares rose on Monday, helped by pharma and information technology (IT) stocks, amid caution in a data-heavy week that includes the US inflation print and the Reserve Bank of India's monetary policy decision.The Nifty 50...

World markets on guard for US, China inflation risk

2023-08-08 00:00:00

LONDON/SYDNEY, Aug 7 (Reuters): World shares traded cautiously on Monday after a mixed US jobs report triggered a rally in beaten-down bonds, but new hurdles lay ahead in the shape of US and Chinese inflation figures due later this week.MSCI's...

US stock index futures rise following turbulent week

2023-08-08 00:00:00

US stock index futures rose on Monday after a rough week when elevated bond yields pressured rate-sensitive stocks, with all eyes now on a highly awaited US inflation report that offers the latest test to Wall Street's sharp recovery this...

Climate change puts sovereigns at downgrade risk, study finds

2023-08-08 00:00:00

A global failure to curb carbon emissions will lead to rising debt-servicing costs for 59 nations within the next decade, according to a study that simulated the economic impact of climate change on current sovereign credit ratings, reports Reuters.Among them,...

Thailand says no rice export halt, to benefit from India's export ban

2023-08-08 00:00:00

BANGKOK, Aug 7 (Reuters): Thailand is benefiting from India's rice export ban and has no reason to halt its own shipments as it has sufficient output for exports and domestic consumption, its commerce minister said on Monday.India in late July...

DESH GENERAL INSURANCE

2023-08-08 00:00:00

CEO of Desh General Insurance Company Limited Mohammodi Khanam recently hands over a cheque for Tk 15,510,171 to COO of Bengal Group Amir Daud against a marine cargo insurance claim by Bengal Plastic Limited, Unit-3.

RUPALI INSURANCE HOLDS 35TH AGM

2023-08-08 00:00:00

Rupali Insurance Company held its 35th Annual General Meeting on a virtual platform recently. Chairman of the company Mostafa Golam Quddus presided over the meeting. Directors along with Chief Executive Officer Fauzia Quamrun Tania joined the AGM.

BIA MARKS SHEIKH KAMAL'S BIRTH ANNIVERSARY

2023-08-08 00:00:00

Bangladesh Insurance Association (BIA) held a discussion and doa mahfil, marking the 74th birth anniversary of freedom fighter Captain Sheikh Kamal, the eldest son of Bangabandhu Sheikh Mujibur Rahman, at the Conference Hall of BIA in Dhaka on Saturday. BIA...

EBL launched exclusive EBL Women Signature Credit Card

2023-08-08 00:00:00

Eastern Bank Ltd (EBL) launched the exclusive EBL Women Signature Credit Card and organised a panel discussion on "Women in Start-up: A Journey towards Smart Bangladesh" at EBL head office in the capital on Monday. M Khorshed Anowar, deputy managing...

DSE forms 3-member probe body

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

The Dhaka Stock Exchange (DSE) formed a three-member committee to investigate the latest technical glitch in the prime bourse's server, which disrupted trading settlement of 63 stockbrokers on Sunday.The committee led by its independent director Rubaba Dowla, will submit its...

BSEC allows one more open-ended MF

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

The stock market regulator has approved the draft prospectus of an open-ended mutual fund named ICL INCTL Shairah Fund with an initial target size of Tk 250 million.The approval came on Monday at a meeting at the office of the...

Southeast Bank Training Institute organised a training programme

2023-08-08 00:00:00

Southeast Bank Training Institute organised a training programme titled "Ethics, integrity and morality practices in banks and consequences of its breach" on a virtual platform recently. Southeast Bank Managing Director Nuruddin Md Sadeque Hossain inaugurated the programme, which was attended...

Dissecting Capitec Asset's portfolios to know how it achieved high returns

BABUL BARMAN | 2023-08-08 00:00:00

Award winning Capitec Asset Management secured commendable returns at double-digit rates from investments out of its two open-ended mutual funds in FY22, which was much higher than from most other instrument vehicles. Its Shariah-based fund, Capitec Padma P.F. Shariah Unit...

Siemens Energy plunges into red as turbine woes bite

2023-08-08 00:00:00

FRANKFURT, Germany, Aug 7 (AFP): Siemens Energy reported a record third-quarter net loss Monday after taking a 1.6-billion euro ($1.7 billion) hit to fix technical problems with its onshore wind turbines.The group had warned in June that quality issues at...

Toshiba prepares for $14b deal to go private

2023-08-08 00:00:00

TOKYO, Aug 7 (AFP): Toshiba said a previously announced scheme to take the troubled Japanese conglomerate private in a deal worth around $14 billion will launch on Tuesday.The move comes after years of turmoil for the company, which once symbolised...

Credit Suisse to cut 80pc of HK investment bank jobs

2023-08-08 00:00:00

HONG KONG, Aug 07 (Reuters): Around 80 per cent of Hong Kong-based investment banking staff at Credit Suisse will be made redundant starting this week, two people with knowledge of the matter said, as part of the bank's integration with...

German factory output plunges in June

2023-08-08 00:00:00

BERLIN, Aug 7 (AFP): German industrial output plunged in June, official data showed Monday, with the economy ministry warning of a gloomy outlook as high energy prices and interest rates took their toll.Output fell for the second consecutive month, but...

MIDLAND BANK TEAMS UP WITH PLACID

2023-08-08 00:00:00

Midland Bank Limited (MDB) collaborated with Placid NK Corporation, a global money transfer company, to establish remittance drawing arrangement. Through this arrangement, Midland Bank will be able to disburse remittances from its branches and Agent Banking Centres, sourced through Placid...

PRIME BANK SIGNS MOU WITH BIDA

2023-08-08 00:00:00

Prime Bank has recently signed a Memorandum of Understanding (MoU) with Bangladesh Investment Development Authority (BIDA) to provide a One-Stop Banking Service to foreign investors. BIDA Executive Chairman Lokman Hossain Miah was present as the chief guest at the signing...

Walton to host mega industrial fair

2023-08-08 00:00:00

Walton, a leading global electronics manufacturing company, will host the country's first-ever mega industrial fair titled 'International Advanced Components and Technology (ATS) Expo-2023' in Dhaka from August 10 to 12.The fair will be held at Hall-1 of the International Convention...

Adcomm marks 50 yrs of operation

2023-08-08 00:00:00

Adcomm Ltd., the country's leading creative and advertising agency, has stepped into its 50th year of operation. Since its start, Adcomm has been relentless in its pursuit of innovation in the communication field. Under the fearless leadership of Geeteara Choudhury,...

BD exports 2,700 tonnes of mangoes to 34 countries

2023-08-08 00:00:00

Bangladesh in the current season has exported 2,700 tonnes of mangoes to 34 countries so far this year, reports UNB. According to the Ministry of Agriculture, the mango export rose by 1,000 tonnes this year compared to the previous year....

AAFA urges BD to address labour welfare issue

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

The American Apparel and Footwear Association (AAFA) called on Bangladesh government to address the issue of workers' welfare and raise minimum wages for garment workers.Expressing concern over the murder of union leader Shahidul Islam, the AAFA, in a letter to...

FBCCI, ICC seek to boost bilateral trade ties

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

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and the Indian Chamber of Commerce (ICC) have agreed to strengthen bilateral trade for the mutual benefit of Bangladesh and India. The development came during the two trade bodies' business-to-business...

US wheat up about 2pc as Black Sea war in focus

2023-08-08 00:00:00

HAMBURG, Aug 7 (Reuters): Chicago wheat rose around 2 per cent on Monday as global supply concerns intensified, spurred by fears of an escalation of attacks on Black Sea shipping after a Ukrainian strike on a Russian tanker.Chicago Board of...