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Ensure accountability in govt offices up to grassroots level: PM

2023-07-20 00:00:00

Prime Minister Sheikh Hasina on Wednesday asked the government officials to ensure accountability and work sincerely up to the grassroots level for the sake of the advancement of the country, reports UNB."Any tough situation can be overcome or even impossible...

690 BNP leaders, activists sued over clashes with police

2023-07-20 00:00:00

Several cases have been filed against 690 BNP leaders and activists in connection with Tuesday's clashes with police and Awami League in different district towns of the country, reports UNB.A case has been filed against 380 leaders and activists of...

BNP leaders and activists -

2023-07-20 00:00:00

BNP leaders and activists organised a march programme at Abdullahpur in the city on Wednesday — Focus Bangla

A view of the 'Peace and development procession'

2023-07-20 00:00:00

A view of the 'Peace and development procession' brought out by the Dhaka North City unit of Awami League at Satrasta intersection in the city on Wednesday — Focus Bangla

Five recent city polls neither competitive nor participatory: Shujan

FE REPORT | 2023-07-20 00:00:00

The recently-held five city corporation elections have neither been competitive nor participatory; rather they were merely a game of voting, a non-partisan citizens' platform observed on Wednesday.Shushashoner Jonno Nagorik (Shujan), or Citizens for Good Governance, said the overall present political...

BNP asks AL not to announce concurrent programmes

FE REPORT | 2023-07-20 00:00:00

The Bangladesh Nationalist Party (BNP) asked the ruling Awami League (AL) not to announce simultaneous political programmes to avoid political violence and traffic disruptions, particularly in Dhaka.Before marching from Uttara's Abdullahpur towards Jatrabari in the capital on Wednesday, BNP Standing...

US not concerned about caretaker govt issue: Quader

2023-07-20 00:00:00

Awami League (AL) General Secretary Obaidul Quader on Wednesday said the US has no headache over the BNP's demand for a caretaker government CG) to hold the next parliamentary elections, reports BSS."The US said they have no headache over caretaker...

Most Gulf markets gain in early trade

2023-07-20 00:00:00

Most major stock markets in the Gulf rose in early trade on Wednesday, as US data stoked hopes the world's biggest economy can avoid recession, although volatile energy prices limited gains, reports Reuters.Saudi Arabia's benchmark index edged 0.1 per cent,...

Indian shares extend record rally on earnings boost

2023-07-20 00:00:00

BENGALURU, July 19 (Reuters): Indian shares rose for the fifth straight day on Wednesday, aided by a late-session resurgence in Reliance and an uptick in banking and media stocks on strong quarterly earnings.The Nifty 50 index closed 0.42 per cent...

Global stocks climb, sterling weighed down as UK inflation slows

2023-07-20 00:00:00

LONDON, SYDNEY, July 19 (Reuters): Global stocks and government bonds rallied on Wednesday as good news on UK inflation added to a picture of cooling price pressures, although the data slammed the brakes on sterling's recent winning streak.Headline British consumer...

US bank shares jump on interest income and deals optimism, but outlook mixed

2023-07-20 00:00:00

Big US banks on Tuesday said higher interest rates had helped boost profits in the second quarter, causing shares to spike, but a pullback in consumer spending, slower loan growth and increased deposit costs may cloud the outlook for the...

China's bad first half gets investors hopeful and interested

2023-07-20 00:00:00

China's disappointing first half has the economy ripe for some help, and investors are preparing to ride an expected short-term wave of stimulus, even if structural problems look to hold back a sustainable rally, reports Reuters.The latest data this week...

Chip tech leader ASML sales jump despite US-China spat

2023-07-20 00:00:00

THE HAGUE, July 19 (AFP): Dutch chip-making machine supplier ASML reported Wednesday a jump in second-quarter sales, shrugging off a tech war over semiconductors between the United States and China.ASML, which produces the lithography equipment that makes semiconductors, said turnover...

IMF urges Pakistan to continue monetary policy tightening cycle

2023-07-20 00:00:00

KARACHI, Pakistan, July 19 (Reuters): Pakistan must continue its monetary tightening cycle, the International Monetary Fund (IMF) said in a staff report on Tuesday, a week after the lender approved a new bailout arrangement and less than two weeks before...

First-gen iPhone sells at auction for $190K

2023-07-20 00:00:00

WASHINGTON, July 19 (AP): A first-generation iPhone has sold at auction for $190,373, almost 380 times its original price of $499 when the groundbreaking device went for sale in 2007.LCG Auctions, which hosted Sunday's sale, said the 4GB iPhone model...

Seven Rings Cement holds Sales Conference

2023-07-20 00:00:00

The 4th Sales Conference 2023 of the country's leading cement brand Seven Rings Cement was held at a resort in Cox's Bazar recently. The three-day event was attended by Ikram Ahmed Khan, Chairman of Shun Shing Group, Bangladesh Operations &...

UNION BANK ORGANISES REMITTANCE CAMPAIGN

2023-07-20 00:00:00

The Financial Literacy Wing of Shariah-based Union Bank Limited recently organised a campaign titled 'Enhancing social awareness for sending remittance through legal channels' at Moulvibazar in Sylhet. SEVP and Supervisor of Financial Literacy Wing of the bank Md Golam Mostafa...

Board meeting of Shippers’ Council held

2023-07-20 00:00:00

The 11th meeting of the Board of Directors of Shippers' Council of Bangladesh (SCB) for the term of 2022 and 2023 was held at its office at Dhanmondi in Dhaka on Tuesday, with its Chairman Md Rezaul Karim in the...

BEZA inks deals with two firms to allot land at Bangabandhu Shilpa Nagar

2023-07-20 00:00:00

Two companies, with a total investment of around US$42 million, signed land allotment agreements with Bangladesh Economic Zones Authority (BEZA) to build factories in the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) for manufacturing ceramics and textile chemicals, reports BSS.The companies...

EBL cardholders will enjoy discounts on the base fares of Air Astra

2023-07-20 00:00:00

M. Khorshed Anowar, deputy managing director and head of retail and SME banking of Eastern Bank Limited (EBL), and Imran Asif, chief executive officer of Air Astra, signed a customer benefit agreement in the capital recently. Under the agreement, EBL...

MTB wins Global Good Governance awards

FE DESK | 2023-07-20 00:00:00

Mutual Trust Bank Limited (MTB) has been recognised by the Global Good Governance (3G) awards for its excellence in sustainability reporting, said a press release. The 3G Excellence in Sustainability Reporting Award 2023 validates MTB's dedication to sustainable practices and...

Robi's offspring Reddot Digital to launch a subsidiary

FE REPORT | 2023-07-20 00:00:00

Reddot Digital Ltd, a 100 per cent subsidiary of the publicly traded Robi Axiata, is going to launch a new subsidiary "AxEnTec PLC" to provide IT solutions and digital services of Robi.AxEnTec will engage in sales, distribution and marketing services...

New subordinated debt pleas give rise to debate over banks’ capital raising trend

MOHAMMAD MUFAZZAL | 2023-07-20 00:00:00

Six banks have recently sought permission of the securities regulator to raise Tk 35 billion in total through subordinated debts to strengthen their capital base, calling into question again the outcome of such instruments. Among the applicants, UCB seeks to...

Tata chooses UK for $5b Jaguar Land Rover gigafactory

2023-07-20 00:00:00

LONDON, July 19 (Reuters): India's Tata Group will build an electric vehicle battery plant in Britain to supply its Jaguar Land Rover factories, delivering a major boost for a UK car industry in need of domestic battery production to help...

UK inflation rate slows

2023-07-20 00:00:00

LONDON, July 19 (AFP): Britain's annual inflation rate slowed more than expected in June as it dropped below eight per cent, official data showed Wednesday, easing the country's cost-of-living crisis.The Consumer Prices Index rose by an annual rate of 7.9...

COMMUNITY BANK OPENS SUB-BRANCH IN KHULNA

2023-07-20 00:00:00

Community Bank Bangladesh Limited has opened a sub-branch at KMP Shopping Complex at Sir Iqbal Road (Kalibari) in Khulna. It will be operated under Khulna Branch of the bank. Md Masudur Rahman Bhuiyan, Police Commissioner, Khulna Metropolitan Police, formally inaugurated...

Sugar-sweetened beverage consumption on the rise in developing countries: IFAD

2023-07-20 00:00:00

Sugar-sweetened beverage consumption is on the rise in developing countries, according to a literature review released by the International Fund for Agricultural Development (IFAD) as part of its IFAD Research Series, reports UNB.The global sales of total per capita volumes...

Dhaka urges Tokyo to extend preferential treatment to BD even after LDC graduation

2023-07-20 00:00:00

Foreign Minister Dr AK Abdul Momen has requested Japan to continue providing preferential treatment and concessions to Bangladesh even after its graduation from the Least Developed Country (LDC) status.He also sought Japan's active support for Bangladesh at the multilateral level...

Nagad hands over BMW car to payment campaign winner

FE DESK | 2023-07-20 00:00:00

Pahlowan Mahbub Hai-der, a resident of Dhaka, achieved a momentous victory by winning the BMW car in the mega payment campaign conducted by the mobile financial service operator 'Nagad.' His secured the top position with 473,027 votes, which were cast...

3,000 traders to be allowed to import used clothes

FE REPORT | 2023-07-20 00:00:00

A total of 3,000 traders across the country will get opportunity to import used clothes (second-hand clothes) in the fiscal year (FY) 2022-23, official sources said.Importers will be selected based on population density in each district and through lotteries held...