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BoE set to raise rates to 4.75pc

2023-06-18 00:00:00

LONDON, June 17 (Reuters): The Bank of England looks set to raise interest rates by a quarter point to a 15-year high of 4.75 per cent on June 22, its 13th straight rate rise as it fights unexpectedly sticky inflation...

The Institute of Chartered Secretaries of Bangladesh (ICSB) celebrated the 13th Anniversary of Establishment Day of ICSB at a city hotel on Friday. ICSB Mohammad Asad Ullah,

2023-06-18 00:00:00

ICSB CELEBRATES 13TH ANNIVERSARY The Institute of Chartered Secretaries of Bangladesh (ICSB) celebrated the 13th Anniversary of Establishment Day of ICSB at a city hotel on Friday. ICSB Mohammad Asad Ullah, Senior Vice President M Nurul Alam, and Treasurer Mohammad...

Govt sits next week to fix rawhide prices

2023-06-18 00:00:00

FE ReportThe government will sit with the traders, associations and other stakeholders next week to fix the prices of sacrificial animals' rawhides to be collected during the upcoming Eid-ul-Azha, said sources. "The meeting is supposed to be held on Sunday...

Ispahani Foods wins Nat’l Productivity and Quality Excellence Award

2023-06-18 00:00:00

Ispahani Foods Limited has been awarded the National Productivity and Quality Excellence Awards 2021 in the Medium Industry Category (Foods) by the Ministry of Industries. Director of Ispahani Group Zahida Ispahani received this prestigious award from Industries Minister Nurul Majid...

Fabrik Lagabe, Markopolo.ai named best start-ups

FE REPORT | 2023-06-18 00:00:00

Two start-ups -- "Fabrik Lagabe Ltd." and "Markopolo.ai" -- secured the first position jointly in the BIG 2023 competition while other top 50 start-ups received Tk 1.0 million each.This year's session of "Bangabandhu Innovation Grant (BIG) 2023" concluded with an...

IFAD president calls for increased investment in rural transformation

2023-06-18 00:00:00

HYDERABAD, June 17 (UNB): Alvaro Lario, President of the International Fund for Agricultural Development (IFAD), made a strong pitch for increased investment in small-scale farmers and rural communities at the G20 Agriculture Ministers' meeting in Hyderabad, India, held on June...

Pakistan's participation at WC in India subject to govt approval

2023-06-18 00:00:00

LAHORE, June 17 (PTI): Pakistan Cricket Board (PCB)'s chairman Najam Sethi cast fresh doubts over its participation in the ODI World Cup in India, saying it is "subject to government approval", putting the ICC in a bind before the schedule...

Shakib, Tamim return from injuries

2023-06-18 00:00:00

CHATTOGRAM, June 17 (Agencies): The Bangladesh Cricket Board (BCB) has announced the ODI squad for Bangladesh's upcoming series against Afghanistan, scheduled to take place next month in Chattogram.Tamim Iqbal will lead the team during this series, with Shakib Al Hasan...

Tigers' multiple records

2023-06-18 00:00:00

Bangladesh beat Afghanistan by 546 runs in the one-off Test in Dhaka, thus achieving their highest victory margin in Tests, and the third highest in the format's history, report agencies.Here's a look at the records that were re-written and broken...

Litton, Afghan coach Trott applaud pacers for outstanding performance

2023-06-18 00:00:00

Litton Das, the stand-in Test captain of Bangladesh, and Afghanistan coach Jonathon Trott applauded the pace-bowling department for their exceptional performance in the recently concluded Test match against Afghanistan, report agencies.The Bangladeshi pace-bowling lineup claimed 14 wickets in this match,...

The 23rd annual general meeting (AGM) of Asia Pacific General Insurance Company Limited was held on a virtual platform on Thursday. Chairman of the company Aftabul Islam presided

2023-06-18 00:00:00

AGM of ASIA PACIFIC GENERAL INSURANCE COmpany HELDThe 23rd annual general meeting (AGM) of Asia Pacific General Insurance Company Limited was held on a virtual platform on Thursday. Chairman of the company Aftabul Islam presided over the meeting. Board of...

India's JBM Auto top contender for controlling stake in SML Isuzu

2023-06-18 00:00:00

BENGALURU, June 17 (Reuters): India's JBM Auto is the leading contender to acquire a controlling stake in automaker SML Isuzu, CNBC-TV18 reported on Friday, citing sources.Japan's Sumitomo Corporation (8053.T), which holds 43 per cent of India-based SML, is looking to...

Twitter to focus on video, commerce in business revamp

2023-06-18 00:00:00

NEW YORK, June 17 (Reuters): Twitter plans to focus on video, creator and commerce partnerships to revitalise the social media company's business beyond digital advertising, according to an investor presentation by owner Elon Musk and new Chief Executive Linda Yaccarino...

The Executive Development Centre (EDC)-Skills for Employment Investment Programme (SEIP), East West University (EWU),

2023-06-18 00:00:00

The Executive Development Centre (EDC)-Skills for Employment Investment Programme (SEIP), East West University (EWU), held the 2nd Certificate Awarding Ceremony of the Graduate Diploma in Leather and Footwear management (GDLFM) Programme at the university on Saturday. Prof Dr Mohammed Farashuddin,...

Siemens to invest $2.2b to ramp up global production

2023-06-18 00:00:00

ZURICH, June 17 (Reuters): Siemens will spend 2 billion euros ($2.16 billion) on a new global investment plan, the German engineering and technology group said on Thursday, as it gears up to meet increased demand triggered by global stimulus packages.Siemens...

BRAC Bank organised an exclusive screening of the film 'Chironjib Mujib', based on 'The Unfinished Memoirs' by Father of the Nation Bangabandhu Sheikh Mujibur Rahman.

2023-06-18 00:00:00

BRAC BANK SCREENS 'CHIRONJIB MUJIB' FOR COWORKERS BRAC Bank organised an exclusive screening of the film 'Chironjib Mujib', based on 'The Unfinished Memoirs' by Father of the Nation Bangabandhu Sheikh Mujibur Rahman. The bank coworkers gathered at the head office...

Investors pour into equities to 'chase the bull', says Bank of America

2023-06-18 00:00:00

US stocks have seen $38 billion in inflows in the last three weeks, the strongest momentum since Oct. 2022, BofA said, while tech funds have seen $19 billion flow in in the last eight weeks, the strongest momentum since March...

Bank Asia Limited has launched digital nano loan to transform its business with the rapidly changing

2023-06-18 00:00:00

Bank Asia Limited has launched digital nano loan to transform its business with the rapidly changing technological environment, to give customers better banking experiences and facilitate their access to formal financial services. Adil Chowdhury, president & managing director of the...

World stocks gauge pauses after big run, heavy central bank week

2023-06-18 00:00:00

NEW YORK/LONDON, June 17 (Reuters): A gauge of global stock markets took a breather on Friday after a run to 14-month highs, while the US dollar headed for its biggest weekly slide since January following a heavy week of central...

Companies moving up floor price: How much it matters for market recovery

Mohammad Mufazzal | 2023-06-18 00:00:00

As many as 59 companies have moved above the floor price on the Dhaka Stock Exchange (DSE) since the first week of March, but their gains have hardly made any impact on the index for most of them are small-cap...

Corn, soy, wheat futures rise on US weather worries

2023-06-18 00:00:00

CHICAGO, June 17 (Reuters): US corn, soybean and wheat futures all closed higher on Friday and all set multi-month highs during the session as worries about stressful dry conditions in key portions of the Midwest prompted a flurry of buying...

UK lifts countervailing tariff on steel bar, rod imports from India

2023-06-18 00:00:00

The UK government has announced the removal of an up to 4 per cent countervailing tariff on stainless steel bars and rods imported from India due to a perceived low impact on local suppliers, reports PTI.The UK's Trade Remedies Authority...

Supertanker freight rates jump as Mideast crude exports to Asia rise

2023-06-18 00:00:00

SINGAPORE, June 17 (Reuters): The costs of chartering supertankers to move crude oil from the Middle East to Asia have jumped to the highest since April as more cargoes are being booked in June, according to industry sources and data...

US drillers cut oil and gas rigs for seventh week in a row

2023-06-18 00:00:00

US energy firms this week cut the number of oil and natural gas rigs operating for a seventh week in a row for the first time since July 2020, energy services firm Baker Hughes Co said in its closely followed...

UN steps up criticism of IMF, WB

2023-06-18 00:00:00

UNITED NATIONS, June 17 (AP): From the ashes of World War II, three institutions were created as linchpins of a new global order. Now, in an unusual move, the top official in one - the secretary-general of the United Nations...

Putin confirms first nuclear weapons moved to Belarus

2023-06-18 00:00:00

MOSCOW, June 17 (BBC): Russia has already stationed a first batch of tactical nuclear weapons in Belarus, Vladimir Putin says. Russia's president told a forum they would only be used if Russia's territory or state was threatened.The US government says...

Saudi foreign minister in Tehran for talks

2023-06-18 00:00:00

TEHRAN, June 17 (AFP): Saudi Arabia's Foreign Minister Prince Faisal bin Farhan arrived Saturday in Tehran, Iranian media reported, in his first visit to Iran since a landmark rapprochement following a seven-year rupture.During his trip, the Saudi top diplomat is...

Ukraine advancing in the south

2023-06-18 00:00:00

KYIV, June 17 (Reuters/AFP): Ukrainian forces are advancing in southern sectors of their counter-offensive against Russian occupation troops, Ukrainian military officials said on Friday.The latest report on the counter-offensive, as well as an account of "desperate resistance" by Russian troops...

41 killed in Ugandan school attack

2023-06-18 00:00:00

KAMPALA, June 17 (AP): Ugandan authorities recovered the bodies of 41 people, including 38 students, following an attack by suspected rebels on secondary school near the border with Congo, the local mayor said Saturday.The victims included the students, one guard...

Crop diversification vital to ensure water security in Barind region

2023-06-18 00:00:00

RAJSHAHI, June 17 (BSS): Instead of depending on only Boro rice, large-scale promotion of diversified crop farming can be the crucial means of ensuring water security in the drought-prone Barind area.The area consisting of partial parts of Rajshahi, Naogaon and...