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Soaring inflation puts people in dire straits

FE REPORT | 2023-06-20 00:00:00

Soaring inflation amid limited income have put the country's common people in dire straits, said speakers at a programme on Monday.Besides, the commoners' woes and expectations have also not been reflected in the proposed budget for the fiscal year (FY)...

PM to brief media on her Switzerland visit tomorrow

2023-06-20 00:00:00

Prime Minister Sheikh Hasina will address a press conference to brief the media on the outcome of her recent visit to Switzerland. "The press conference will be held at her official residence, Ganobhaban, at 12 pm on Wednesday," Prime Minister's...

Covid, climate, conflict push up undernourishment

YASIR WARDAD from KATHMANDU, NEPAL | 2023-06-20 00:00:00

The Covid-19 pandemic, the war in Europe and frequent natural disasters has made the food security system more vulnerable globally.As a result, the undernourished population has increased to 768 million by 2021, marking a 34.2 per cent up from 2014...

33 Eden College BCL leaders acquitted in cases

2023-06-20 00:00:00

Bangladesh Chhatra League Eden Mohila College president Tamanna Jasmin Riva, general secretary Rajia Sultana and 31 other leader and activists were acquitted in two separate cases filed over an internal dispute with the city's Lalbagh thana on Monday, reports BSS.As...

Ganotantra Mancha’s road march for fair polls July 19-21

2023-06-20 00:00:00

Ganatantra Mancha, an alliance of seven like-minded parties, will stage a road march towards Chattogram from the capital on July 19-21 next to press home their 14-point demand, including the resignation of the government and holding the next election under...

Gayeshwar urges India to clear its stance on BD's democracy

2023-06-20 00:00:00

BNP senior leader Gayeshwar Chandra Roy has called upon neighbouring state India to make its position clear on the question of democracy in Bangladesh, reports UNB.The BNP leader came up with the remarks while speaking at a human chain programme,...

Obaidul Quader presiding over meeting of party's secretariat

2023-06-20 00:00:00

Awami League General Secretary Obaidul Quader presiding over the meeting of the party's secretariat at AL President Sheikh Hasina's Dhanmondi political office in the city on Monday — Focus Bangla

Mirza Fakhrul Islam Alamgir addressing a rally -

2023-06-20 00:00:00

BNP Secretary General Mirza Fakhrul Islam Alamgir addressing a rally for the youths at Bagura Central School ground on Monday — Focus Bangla

President urges EC to ensure fair polls

2023-06-20 00:00:00

President Mohammed Shahabuddin has called upon the Election Commission (EC), the political parties and candidates to ensure that the upcoming general election becomes fair and participatory, reports UNB.Shahabuddin said this when an EC delegation led by CEC Kazi Habibul Awal...

Malaysia to ease IPO rules this year to lure investors

2023-06-20 00:00:00

KUALA LUMPUR, June 19 (Reuters): Malaysia will implement reforms this year to make it easier for companies to list on the national stock exchange in a bid to attract more investors, Prime Minister Anwar Ibrahim said on Monday.The securities regulator...

Most Gulf markets drop as China slowdown jitters weigh

2023-06-20 00:00:00

Most stock markets in the Gulf fell in early trade on Monday, tracking oil prices lower, as concerns over China's faltering economic growth outweighed support from OPEC+ production cuts, reports Reuters.Crude prices - a key catalyst for the Gulf's financial...

Goldman Sachs cuts China growth forecast as property slowdown bites

2023-06-20 00:00:00

SINGAPORE, June 19 (Reuters): Goldman Sachs analysts have cut forecasts for China's economic growth, citing persistently weak confidence and the cloud over the property market as stronger-than-expected headwinds.The US investment bank lowered its full-year real gross domestic product growth forecast...

India's Nifty 50, Sensex drop on profit-taking near record highs

2023-06-20 00:00:00

BENGALURU, June 19 (Reuters): India's blue-chip Nifty 50 and Sensex indexes declined on Monday due to profit-taking as they approached their all-time highs, although the broader indexes extended their rally to record levels.The Nifty index closed 0.37 per cent lower...

IMF working on global central bank digital currency platform

2023-06-20 00:00:00

RABAT, June 19 (Reuters): The International Monetary Fund (IMF) is working on a platform for central bank digital currencies (CDBCs) to enable transactions between countries, IMF Managing Director Kristalina Georgieva said on Monday."CBDCs should not be fragmented national propositions... To...

Paris summit to push for global debt reform

2023-06-20 00:00:00

PARIS, June 19 (AFP): World leaders will gather in Paris this week with ambitions to reimagine global financing for a new era shaped by climate change, as a cascade of crises swamps debt-burdened countries.French President Emmanuel Macron has said the...

SVB to sell investment banking division

2023-06-20 00:00:00

SVB Financial Group said on Sunday it has entered into an agreement to sell its investment banking division, SVB Securities, to a group led by Jeff Leerink and backed by funds managed by The Baupost Group, reports Reuters.The bidder group...

77th meeting of shariah supervisory committee of Shahjalal Islami Bank held

2023-06-20 00:00:00

The 77th meeting of shariah supervisory committee of Shahjalal Islami Bank Limited was held on Sunday at its corporate head office. Chairman of shariah supervisory committee of the bank Hazrat Maulana Mufti Shahed Rahmani presided over the meeting while Managing...

Rupali Bank meeting --

2023-06-20 00:00:00

Rupali Bank held a meeting with stakeholders to inform them about complaint management at its Cumilla divisional office on Saturday. Managing Director and CEO Mohammad Jahangir was present as the chief guest. Vigilance and Intelligence Department of the head office...

NRBC BANK HOLDS 10TH AGM

2023-06-20 00:00:00

The 10th Annual General Meeting (AGM) of NRBC Bank was on an online platform on Monday, with Chairman of the bank SM Parvez Tamal in the chair. Vice Chairman Rafiqul Islam Mia Arzoo, Directors Mohammed Adnan Imam, AM Saidur Rahman,...

BHBFC-AFD BILATERAL MEETING HELD

2023-06-20 00:00:00

A bilateral meeting between the Bangladesh House Building Finance Corporation (BHBFC) and France-based development partner The Agence Francaise de Developpement (AFD) was held at the BHBFC Bhaban in Dhaka on Sunday. BHBFC Chairman Dr Md Salim Uddin was present as...

'ABABILNG' GETS VMWARE READY CERTIFICATION

2023-06-20 00:00:00

Millennium Information Solution Limited (MISL), a leading provider of cutting-edge technology solutions, has announced that the company's Islamic Core Banking Solution 'AbabilNG' has achieved the VMware Ready Tanzu certification. This announcement was made by MISL at an event titled 'Scalable,...

ARLA FOODS WINS PRODUCTIVITY AND QUALITY EXCELLENCE AWARD

2023-06-20 00:00:00

Arla Foods Bangladesh, the local subsidiary of European dairy cooperative Arla Foods, won the National Productivity and Quality Excellence Award 2021 conferred by the Ministry of Industries. The dairy cooperative has been awarded under the 'Food' segment of the 'Medium...

EBL hosted syndication meeting

2023-06-20 00:00:00

Eastern Bank Limited (EBL) hosted a syndication meeting at a city hotel to secure a Tk 3,326 million term loan facility for Bangladesh Lithium Battery Limited. EBL is the mandated lead arranger of the loan. Prominent industry figures, including DESCO...

Southeast Bank launched seven agent banking outlets

2023-06-20 00:00:00

Southeast Bank Limited has recently launched seven agent banking outlets in Tangail, Jhenaidah, Jashore, Faridpur, and Brahmanbaria. These outlets aim to provide banking services to unbanked individuals in rural and semi-urban areas. The inauguration of these outlets was conducted virtually...

MTB celebrated 'Customer Service Week'

2023-06-20 00:00:00

Mutual Trust Bank Limited (MTB) celebrated 'Customer Service Week' from June 4 to June 8 in Dhaka and Mymensingh. The event was inaugurated at the MTB Dhanmondi branch by Syed Mahbubur Rahman, MD & CEO of the bank.

24th annual general meeting of EXIM Bank held virtually

2023-06-20 00:00:00

The 24th annual general meeting of EXIM Bank was held virtually from its Dhaka head office on Monday. It was presided over by Board of Directors Chairman Md Nazrul Islam Mazumder, while Managing Director and CEO Mohammad Feroz Hossain also...

StanChart, UCEP to empower 2,000 vulnerable youths

FE DESK | 2023-06-20 00:00:00

UCEP Bangladesh, in collaboration with Standard Chartered Bank, has launched "Giving Wings to Dreams for Youth Empowerment Programme" under Futuremakers by Standard Chartered, the Bank's flagship global community initiative. The project will provide skills training, mid-level management, and entrepreneurship development...

DSE edges higher on gains of insurance cos

FE REPORT | 2023-06-20 00:00:00

The stock market ended higher on Monday as investors chased sector-wise stocks, particularly of insurance companies, after the central bank removed the interest rate cap.The Bangladesh Bank lifted the interest rate ceiling and replaced it with a market-driven reference rate...

Pran Agro, Runner Automobiles to issue bonds

FE REPORT | 2023-06-20 00:00:00

Pran Agro will raise Tk 2.62 billion by issuing non-convertible bonds to renovate its office and factory, purchase machinery and disburse credits.The Bangladesh Securities and Exchange Commission (BSEC) on Monday approved the company's proposal for issuing Non-Convertible Pran Agro Bond-II...

Cos with piled-up cash to benefit from monetary policy tightening

MOHAMMAD MUFAZZAL | 2023-06-20 00:00:00

The contractionary monetary policy for the first half of FY24 brings cheers to the companies having huge net cash as they are expected to see higher interest income. The increased cost of borrowings aimed at containing the consumer price index...