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EBL and Saimon Holidays signs agreement

2023-07-24 00:00:00

M Khorshed Anowar, deputy managing director and head of retail and SME banking of Eastern Bank Ltd (EBL), and Md Yousuf Shohel, general manager of Saimon Holidays, Bangladesh franchise of Sri Lankan Holidays, exchanging documents after signing an agreement. Under...

A training programme on share market held

2023-07-24 00:00:00

A training programme on share market held at ICMAB Chattogram office on Saturday. The Island Securities Ltd. conducted it while Khan-Wahab-Shafique-Rahman & Co coordinated. Around 70 participants attended.

Southeast Bank holds Khulna divisional agent banking conf

FE DESK | 2023-07-24 00:00:00

Southeast Bank Limited recently organised Khulna Divisional "Southeast Bank Agent Banking Half Yearly Conference 2023". Abidur Rahman Chowdhury, deputy managing director (DMD) of Southeast Bank, inaugurated it as the chief guest. All the partners of agent outlets of Southeast Bank...

Emerald Oil to start exporting rice bran oil to Japan in 3 months

FE REPORT | 2023-07-24 00:00:00

Emerald Oil Industries is going to export crude rice bran oil to Japan within the next three months as it came into full production after remaining shut for five years due to the previous owner's loan scam.It has already signed...

FBCCI hosts gala night for general members New website launched

FE REPORT | 2023-07-24 00:00:00

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) hosted a gala event for its general body members on Saturday night.The event was held at the International Convention City Bashundhara (ICCB) in the capital, where guests including FBCCI's current...

IBN Sina to invest in subsidiary, land purchase for business expansion

FE REPORT | 2023-07-24 00:00:00

The IBN Sina Pharmaceutical Industry has decided to invest Tk 100 million in its subsidiary --- The IBN Sina API Industry --- to purchase capital machinery.The IBN Sina API Industry is 100 per cent subsidiary of the publicly-traded pharmaceutical company.The...

DS30 sees steepest fall in 10 months after index revision

FE REPORT | 2023-07-24 00:00:00

The blue-chip index of the Dhaka bourse on Sunday experienced the biggest single-day fall in 10 months after some large-cap companies had been delisted in the semiannual revision of the index.The DS30 index lost 1.12 per cent, or 24.78 points,...

Fed launches instant payments service

2023-07-24 00:00:00

The US Federal Reserve has launched a long-awaited service which will aim to modernize the country's payment system by eventually allowing everyday Americans to send and receive funds in seconds, 24 hours a day, seven days a week, the central...

US leading indicators point to recession starting soon

2023-07-24 00:00:00

An index designed to track turns in US business cycles fell for the 15th straight month in June, dragged down by a weakening consumer outlook and increased unemployment claims, marking the longest streak of decreases since the lead-up to the...

Small businesses want a piece of Barbie's world

2023-07-24 00:00:00

NEW YORK, July 23 (Reuters): It is Barbie's world, and US small businesses hope their social-media marketing can help them cash in on it.From Malibu makeovers to striped dog bandanas to hot pink cocktails, many small business owners have latched...

India rejects BYD's $1b factory proposal

2023-07-24 00:00:00

NEW DELHI, July 23 (Reuters): India has rejected Chinese automaker BYD Co's proposal to set up a $1 billion factory in India in partnership with Hyderabad-based Megha Engineering and Infrastructure Ltd, the Economic Times reported on Saturday.Reuters reported this month...

SIBL TOWN HALL MEETING IN CHATTOGRAM

2023-07-24 00:00:00

Social Islami Bank arranged a town hall meeting in Chattogram on Saturday with the branch managers, sub-branch in-charges and employees of Chattogram zone. Zafar Alam, MD & CEO of the bank, was present as the chief guest while Mohammad Forkanullah,...

PUBALI BANK HOLDS BUSINESS CONFERENCE

2023-07-24 00:00:00

Pubali Bank Limited held the '2nd Business Conference-2023 of Regional and Corporate Branch Managers' at the bank's head office auditorium recently. Monzurur Rahman, Chairman of the Board of Directors of the bank, was present as the chief guest while Mohammad...

Manufacturers seek to raise salt price

FE REPORT | 2023-07-24 00:00:00

Major salt manufacturers have sought to raise the price of salt even as the country witnessed record production of the kitchen item. They claimed that providing edible vacuum salt to customers has become challenging, as they are facing a loss...

Twitter to change logo, says Musk

2023-07-24 00:00:00

Elon Musk said on Sunday he was looking to change Twitter's logo, tweeting: "And soon we shall bid adieu to the twitter brand and, gradually, all the birds", reports Reuters.In a post on the site, the social media platform's billionaire...

BD, Japan ink three MoUs on trade

2023-07-24 00:00:00

Bangladesh and Japan inked three memorandum of understandings (MoUs) to enhance bilateral trade and investment between the two countries, reports BSS.The MoUs were signed at a daylong summit on "Bangladesh-Japan economic relations for the next 50 years: for the industry...

Japan wants to invest in mega projects: Tipu

2023-07-24 00:00:00

Commerce Minister Tipu Munshi has said that Japan wants to make investment in the mega projects of Bangladesh, reports BSS. He also said that Japan has expressed its keen interest in staying besides Bangladesh through enhancing trade and investment to...

India regulator permits Go First to resume flying with conditions

2023-07-24 00:00:00

NEW DELHI, July 23 (Reuters): India's aviation regulator on Friday gave its nod to Go Airlines (India) to resume operations if it can meet certain conditions, including getting interim funding and approval of its flight schedule, an order viewed by...

Twitter challenger Threads struggles for traction

2023-07-24 00:00:00

SAN FRANCISCO, July 23 (AFP): After a wildly successful first few days, Threads popularity has waned in the weeks since Meta launched its challenge to Twitter, which lives on despite its problems.The average amount of time people spend on Threads...

China to boost Brazil oil imports, replacing some Saudi supply

2023-07-24 00:00:00

SINGAPORE, July 23 (Reuters): Chinese oil refineries, led by heavyweight Sinopec, are set to boost Brazilian crude imports in the third quarter to replace some of the Saudi Arabian supply it cut after the kingdom hiked prices, industry sources said.China,...

G20 fails to reach agreement on cutting fossil fuels

2023-07-24 00:00:00

BAMBOLIM, India, July 23 (Reuters): The Group of 20 (G20) major economies meeting in India failed on Saturday to reach consensus on phasing down fossil fuels following objections by some producer nations.Scientists and campaigners are exasperated by international bodies' foot-dragging...

News in Brief(2023-07-24)

2023-07-24 00:00:00

Russia strikes Odesa city hoursbefore Putin-Lukashenko talksKYIV, July 23: The Ukrainian port city of Odesa came under renewed Russian missile attack early Sunday, just hours before President Vladimir Putin was due to hold a summit with his staunch Belarus ally...

Junior commander reveals his role in Wagner mutiny

2023-07-24 00:00:00

MOSCOW, July 23 (BBC): A mercenary who took part in the attempted mutiny against Russian President Vladimir Putin says he and his fellow fighters "didn't have a clue" what was going on.In the space of just 24 hours, the leader...

Hun Sen's party on course for 'landslide'

2023-07-24 00:00:00

PHNOM PENH, July 23 (AFP): Cambodia's ruling party declared on Sunday that it was on course for a "landslide" victory in an election where all meaningful opposition to long-time ruler Hun Sen was eliminated before polling day.The 70-year-old former Khmer...

26 die, 40 missing in Afghan floods

2023-07-24 00:00:00

KABUL, July 23 (AFP/AP): The death toll from overnight flash floods caused by torrential rain in central Afghanistan has risen to 26, with more than 40 people missing, officials said Sunday.Shafiullah Rahimi, spokesman for the State Ministry for Disaster Management,...

Harmanpreet to be fined 75pc match fee, handed four demerit points

2023-07-24 00:00:00

Indian skipper Harmanpreet Kaur is all set to be fined 75 per cent of her match fee and handed four demerit points for her behavior in the third ODI against Bangladesh at the Sher-e-Bangla National Stadium in the city on...

Sri Lanka to push 'harder' in Pakistan Test

2023-07-24 00:00:00

COLOMBO, July 23 (AFP): Sri Lanka coach Chris Silverwood believes his team will "come out fighting" to level the two-match series and beat Pakistan in the second Test starting Monday in Colombo.Pakistan arrived in Sri Lanka without a Test win...

Players of Janata Bank Limited chess team

2023-07-24 00:00:00

Players of Janata Bank Limited chess team who became champions of the Inter Bank Chess Team Championship-2023 for 2nd time, met Managing Director and Chief Executive Officer of Janata Bank Md Abdul Jabbar at a programme in the city recently....

BCB announces Tk 3.5m bonus for women's cricket team

2023-07-24 00:00:00

Following the recently-concluded three-match T20 and three-match ODI series of the Bangladesh Women's cricket team against India, the Bangladesh Cricket Board (BCB) has announced a generous bonus of BDT 3.5 million for the team, including the best performers and team...

PSG captain hopes for solution to Mbappe dispute

2023-07-24 00:00:00

OSAKA, Japan, July 23 (AFP): Paris Saint-Germain captain Marquinhos said Sunday he hoped the club would solve its dispute with Kylian Mbappe and welcome the France superstar back into the squad for the upcoming season.Mbappe was left out of a...