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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...

Incessant rains trigger fear of flood in Sylhet

2023-06-18 00:00:00

SYLHET, June 17 (UNB): Low-lying areas of different parts of Sylhet district have been inundated due to onrush of hill water and swelling of rivers caused by torrential rains for the last three days.The water levels in the Kushiara and...

LSD worries cattle farmers as Eid-ul-Azha nears

2023-06-18 00:00:00

Farmers in Bangladesh are sweating over the lumpy skin disease of cattle that has spread to several districts and caused deaths among cows, which threatens to dent their business with the ritual of animal sacrifice during Eid-ul-Azha less than two...

Reflecting on the developmental state

Muhammad Mahmood | 2023-06-18 00:00:00

The concept of developmental state has gone through various phases. Chalmer Johnson in 1982 provided the original framework of what is a developmental state. Johnson's original conceptualisation of the developmental state placed primary emphasis on the shared goals and ambitions...

Lack of educational facilities in remote areas

2023-06-18 00:00:00

There are many places in Bangladesh, which are hard to reach. They are remote shoals (chars), haors and some forested hill areas of Chittagong Hill Tracts (CHT). Children of these areas are often deprived of education. They do not know...

Importance of sound sleep

2023-06-18 00:00:00

Sound sleep is a prerequisite for sound health. Every healthy human being should have six to eight hours of sleep every day. According to a research, it has been found that sound sleep is associated with increased patience, optimism, focus...

Dhaka can't afford to lose Hatirjhil

Shihab Sarkar | 2023-06-18 00:00:00

The photographs of floating dead fish in the city's Hatirjhil water close to the Pan Pacific Sonargaon hotel, and the accompanying news, have lately emerged as a revolting site. After enjoying the scenic beauty of the lake and its banks...

New tax law to make higher-income people innovative

Jasim Uddin Rasel | 2023-06-18 00:00:00

Individual taxpayers' tax credit calculation will change as per the proposed Income Tax Act 2023, which will also impact the benefit of the taxpayers, mainly among the higher income earners. Low and middle income earners will have no negative impact...

Speeding up hydrocarbon survey in Bay

2023-06-18 00:00:00

Finally, after much procrastination, the much-awaited multi-client survey of the Bay of Bengal is underway. The joint Norway-US venture is undertaking the survey of approximately 32,000 km2 of the Bay. The rest 19,000 km2 will commence from February 24, 2024....

Draining of dollar is biggest headache

Syed Mansur Hashim | 2023-06-17 12:00:00

Due to multi-pronged problems plaguing the economy today, dollar crunch has turned the economy on its head. The depletion of foreign reserves has put Bangladesh and International Monetary Fund (IMF) at odds about how much money we precisely have. Regardless,...