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Stocks snap two-day losing streak ---

FE REPORT | 2023-08-02 00:00:00

Stocks sharply rebounded on Tuesday, snapping a two-day losing streak, as bargain hunters renewed their buying appetite on sector-specific stocks in anticipation of quick-gain.Buyers dominated the session as optimistic investors opted to take positions in equities based on the quarterly...

Nasim Manzur elected chairman of Pioneer Ins Company

2023-08-02 00:00:00

Syed Nasim Manzur, a renowned industrialist and entrepreneur, has been unanimously elected the chairman of Pioneer Insurance Company Limited at the 235th Board meeting of the company on July 27, says a statement. Mr. Manzur completed his B.Sc in economics...

Reckitt profit grows 25pc in H1

FE REPORT | 2023-08-02 00:00:00

Reckitt Benckiser (Bangladesh) posted a 25 per cent growth in profit year on year in the first half of this year, thanks to a reduction in running expenses.The UK-based multinational, which sells popular consumer products like Dettol and Harpic, made...

Pfizer profits tumble

2023-08-02 00:00:00

NEW YORK, Aug 1 (AFP): Pfizer reported a steep drop in profits Tuesday on much lower Covid-related revenues as it curtailed its full-year sales outlook, in part due to tornado damage to a key manufacturing facility.Profits in the second quarter...

NATIONAL LIFE WINS ‘BUSINESS EXCELLENCE AWARD’

2023-08-02 00:00:00

National Life Insurance Company has won the Commonwealth Business Excellence Award-2023. This award was given to National Life as the 'Best Life Insurance Company' in Bangladesh. CEO of the company Md Kazim Uddin received the award at the award giving...

Chartered Life celebrates 10th anniversary

2023-08-02 00:00:00

Chartered Life Insurance Company Limited celebrated its 10th anniversary in Dhaka recently. CEO of the company SM Ziaul Hoque and other officials are seen at the cake-cutting ceremony on this occasion.

SHIMANTO BANK SIGNS MOU WITH DIPTO SHIMANTO

2023-08-02 00:00:00

Shimanto Bank signed an MoU with Dipto Shimanto-Specialised Educational Institution recently. Under the MoU, Shimanto Bank will provide donations to this educational institution from the bank's CSR fund. Rafiqul Islam, Managing Director & CEO of the bank, and Lt Col...

TRUST BANK OPENS NEW BRANCH

2023-08-02 00:00:00

Trust Bank opened a new branch namely 'Sheikh Russel Cantonment Branch' on Tuesday. Brig Gen Mohammed Iftequr Rahman, Commander, 99 Composite Brigade, Sheikh Russel Cantonment, inaugurated the bank branch as the chief guest. Managing Director & CEO Humaira Azam and...

Global factory activity shrinks as China, slowing growth take toll

2023-08-02 00:00:00

LONDON/TOKYO, Aug 1 (Reuters): Global factory activity took a further turn for the worse in July, private surveys showed on Tuesday, a sign slowing growth and weakness in China were taking a toll on the world economy.The downturn highlights the...

Women migrant workers seek judicial process against harassment

FE REPORT | 2023-08-02 00:00:00

Bangladeshi Ovibashi Mohila Sramik Association (BOMSA) has advocated for an 'international judicial process' to reclaim arrears owed to women migrant workers facing wage theft and harassment in their job destination countries. At a press conference in Dhaka on Monday, women...

Govt to provide ‘all supports for fish processing industry’

FE REPORT | 2023-08-02 00:00:00

The government will provide all necessary supports to the investors involved in fish processing industry.They will get tax exemption on capital machinery import and loans at low interest for investing in the fish processing plants, said Fisheries and Livestock Minister...

Gold slips on hopes of soft landing for US economy

2023-08-02 00:00:00

Gold retreated on Tuesday as the dollar firmed and hopes of a soft landing for the US economy dented safe-haven demand for bullion, reports Reuters. Spot gold eased 0.7 per cent to $1,951.19 per ounce by 1239 GMT, while US...

BIFFL PAYS DIVIDEND TO GOVT

2023-08-02 00:00:00

Bangladesh Infrastructure Finance Fund Limited (BIFFL) has paid dividend of Tk 279,556,215 in favour of the government for the year ended 31 December 2022. Fatima Yasmin, Senior Secretary, Finance Division, Ministry of Finance, received the dividend cheque from BIFFL CEO...

Oil slides on signs of profit-taking after rallying in July

2023-08-02 00:00:00

LONDON, Aug 1 (Reuters): Oil prices edged lower on Tuesday on signs of profit-taking after rallying in July when investors wagered on tightening global supplies and demand growth in the second half of the year.Brent crude futures for October were...

USA survive Portugal scare to reach last 16

2023-08-02 00:00:00

AUCKLAND, Aug 01 (AFP): Holders the United States survived a huge scare to reach the last 16 of the Women's World Cup on Tuesday after a 0-0 draw against Portugal, who were unlucky not to claim a sensational win at...

Two Pakistan matches likely to be rescheduled in ICC WC

2023-08-02 00:00:00

LAHORE, Aug 01 (Geo Tv): Pakistan is likely to have two of its matches rescheduled in the upcoming Cricket World Cup 2023.The Pakistan Cricket Board (PCB), however, plans to inform the International Cricket Council (ICC) regarding its stance on the...

Broad's fairytale finish to Test career

2023-08-02 00:00:00

England cricket legend Stuart Broad had a fairytale finish to his career as the hosts secured a memorable win in the fifth Test.He took a wicket with the next ball after repeating his superstitious bails trick in the Ashes. The...

Tamim returns home after treatment in London for back injury

2023-08-02 00:00:00

Bangladesh cricketer Tamim Iqbal returned home on Monday evening after seeking medical treatment in London for his back injury. However, it remains unclear when he will be able to make a comeback to cricket, report agencies.The batter recently caused notable...

Man gets life for killing wife in Joypurhat

2023-08-02 00:00:00

JOYPURHAT, Aug 01 (BSS): A Joypurhat court has sentenced a man to life term imprisonment for killing his wife in Molamgari village under Kalai upazila of the district in 2002.Additional District and Sessions Judge's court-2 Judge Md Abbas Uddin pronounced...

Six drown in three districts

2023-08-02 00:00:00

Six persons drowned in separate incidents in Barishal, Netrakona and Gopalganj on Monday and Tuesday, report agencies.In Barishal, a man and his niece died after falling into a pond in Barishal's Banaripara upazila on Monday.The dead are Qaium Fakir, 35,...

Scanty rain, frequent load-shedding hit Aman cultivation in Kurigram

2023-08-02 00:00:00

KURIGRAM, Aug 01 (UNB): Farmers in Kurigram are gripped by concerns as they are unable to irrigate their land for the Aman rice cultivation due to insufficient rain and rampant load shedding.Many seedbeds of Aman rice have turned 'red' due...

After 21 years, Thakurgaon Silk Factory set to resume operation tomorrow

2023-08-02 00:00:00

THAKURGAON, Aug 01 (UNB): After being closed for a staggering 21 years, Thakurgaon Silk Factory is all set to resume operation formally tomorrow (August 03).Activities to make the factory operational are currently underway, with machines being cleaned and fit for...

How to get rid of cockroaches

FIRUZ NAWER | 2023-08-02 00:00:00

The cockroach is one of the most widespread insects in homes that can cause significant health concerns and discomfort for people. They commonly infest homes. Removing cockroaches from a household can be a tough job. Removing roaches as soon as...

The charm of Nilkhet's second-hand bookshops

MD IMRAN HOSEN | 2023-08-02 00:00:00

There is a famous Latin maxim, 'Antiquarian librorum, magister.' It emphasises the intrinsic value and knowledge that lie within older books. 'Antiquarian' denotes things that are old or connected to old things; 'librorum' denotes books; and 'magister' means a teacher...

Indulging into the wilderness in Gazipur Safari Park

TANJIM ISTIAQUE CHOWDHURY | 2023-08-02 00:00:00

A captivating tribute to the country's commitment to animal protection and eco-tourism, Gazipur Safari Park stands amidst the luxuriant terrains of Bangladesh. This magnificent place entices both nature admirers and adventure seekers. It is a refuge of splendour and an...

News in Brief(2023-08-02)

2023-08-02 00:00:00

11 dead, 27 missing in Beijing flood BEIJING, Aug 01: Chinese state media report 11 people have died and 27 are missing amid flooding in the mountains surrounding the capital Beijing. Days of heavy rains have prompted authorities to close...

US, Chinese officials meet in Washington

2023-08-02 00:00:00

WASHINGTON, Aug 01 (AFP): The top American diplomat for east Asia and the Pacific region held a "candid, substantive, and productive discussion" with his Chinese counterpart in Washington on Monday, the US State Department said.Yang Tao, director general of the...

Myanmar junta pardons Suu Kyi for five offences

2023-08-02 00:00:00

YANGON, Aug 01 (Reuters): Myanmar's former leader Aung San Suu Kyi has been pardoned on five of the 19 offences for which she was convicted and jailed for a total of 33 years, state media and an informed source reported...

Xi replaces leaders of China's elite N force

2023-08-02 00:00:00

BEIJING, Aug 01 (BBC): China replaced two leaders of an elite unit managing its nuclear arsenal, triggering speculation of a purge. General Li Yuchao who headed the People's Liberation Army's (PLA) Rocket Force unit and his deputy had "disappeared" for...

Mosque set on fire, cleric killed in Haryana clashes

2023-08-02 00:00:00

SOHNA, Aug 01 (BBC): A mosque was set on fire and a Muslim cleric killed during religious clashes that broke out after a procession by Hindu nationalist groups in the northern Indian state of Haryana.Those killed in the violence in...