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Global stocks edge higher, dollar sags eyeing Fed pause

2023-06-15 00:00:00

Global shares edged higher and the dollar held near three-week lows on Wednesday as traders were all but certain that the US Federal Reserve will refrain from hiking interest rates later in the session, reports Reuters.Overnight, the much-watched US CPI...

Groundbreaking ceremony for Jamuna Bank Foundation Hospital

2023-06-15 00:00:00

Jamuna Bank Foundation recently initiated the funding and groundbreaking ceremony for Jamuna Bank Foundation Hospital in Rupshi, Rupganj upazila of Narayanganj. Textiles and Jute Minister Golam Dastagir Gazi joined the event as the chief guest, while Jamuna Bank Foundation Chairman...

Modhumoti Bank donated Tk 2.0 million to Dhaka Mohanagar Mohila College

2023-06-15 00:00:00

Modhumoti Bank Limited donated Tk 2.0 million to Dhaka Mohanagar Mohila College as part of its CSR programme. Modhumoti Bank CEO Md Shafiul Azam on Wednesday presented the cheque to Dhaka Mohanagar Mohila College Acting Principal Prof Tahamina Haque at...

Mercantile Bank held 24th AGM virtually

2023-06-15 00:00:00

Mercantile Bank Limited held its 24th annual general meeting (AGM) virtually from its head office on Wednesday, with shareholders approving a 10 per cent cash and a 2 per cent bonus dividend. The meeting was chaired by Morshed Alam MP,...

Integrity Award (Fiscal Year: 2021-2022) programme

2023-06-15 00:00:00

The Integrity Award (Fiscal Year: 2021-2022) programme was organised on Tuesday at the Head Office of Investment Corporation of Bangladesh (ICB). Chairman of the Board of Directors of ICB Prof. Dr. Md. Kismatul Ahsan distributed the certificates, crests and cheques...

CITY BANK'S EXTRAORDINARY GENERAL MEETING HELD

2023-06-15 00:00:00

The extraordinary general meeting (EGM) of City Bank Limited was held on a virtual platform on Wednesday. Aziz Al Kaiser, chairman of the bank, presided over the meeting. Vice Chairman Hossain Khaled, directors Tabassum Kaiser, Savera H Mahmood, Hossain Mehmood,...

EBL OPENS A SUB-BRANCH

2023-06-15 00:00:00

Wahidul Hasan Milton, Ex- acting mayor, Dhaka South City Corporation, and M Khorshed Anowar, deputy managing director and head of retail and SME Banking, Eastern Bank Limited (EBL), inaugurated a sub-branch of the bank at Mughda in the city on...

Prime Bank, Holiday Inn introduce exclusive offers for customers

2023-06-15 00:00:00

Prime Bank has recently signed an agreement with Holiday Inn Dhaka City Centre on the Holiday Inn Dhaka City Centre premises, said a press release.Md Nazeem Anwar Choudhury, deputy managing director of Prime Bank, and Norizan Binti Yaacob, general manager...

BRAC Bank signs deal with Armana Group

2023-06-15 00:00:00

BRAC Bank has signed an employee banking agreement with Armana Group, said a press release.Md Mahiul Islam, head of retail banking at BRAC Bank, and Ankur Gupta, adviser at Armana Group, signed the agreement on behalf of their respective organisations...

Ctg Outer Ring Road opening not before June next year

NAZIMUDDIN SHYAMOL | 2023-06-15 00:00:00

CHATTOGRAM, June 12: The project schedule of Chittagong City Outer Ring Road has been extended and its estimated cost has also been increased as the authorities concerned are constructing a junction and other extension work in the project. The project...

Stocks continue to bleed ahead of monetary policy tightening

FE REPORT | 2023-06-15 00:00:00

Stocks suffered losses for the fourth straight session on Wednesday as jittery investors continued their sell-offs ahead of the monetary policy statement and Eid festival.The Bangladesh Bank is set to unveil its monetary policy on Sunday. Most investors preferred to...

ICB offloads entire stake of Islami Bank in May

FE REPORT | 2023-06-15 00:00:00

The state-run Investment Corporation of Bangladesh (ICB) has sold out its entire holding of Islami Bank Bangladesh Ltd. (IBBL).The ICB reportedly had 2.7 per cent or more than 33.40 million shares in the Islami Bank. It did the sell offs...

Power Grid to issue shares for accounting adjustment of long-held govt investment

BABUL BARMAN | 2023-06-15 00:00:00

To comply partially with a three-year-old order by the Financial Reporting Council (FRC), state-run electricity transmission and distribution service provider Power Grid Company has decided to issue shares against funds received from the government. At a meeting on Tuesday, it...

10th Annual General Meeting of Midland Bank held

2023-06-15 00:00:00

The 10th Annual General Meeting (AGM) of the shareholders of Midland Bank Limited (MDB) was held on a digital platform on Wednesday. Mrs. Nilufer Zafarullah, Chairperson of the Board of Directors of the Bank, presided over the meeting. Mr. Md....

ONE Bank arranged induction training programme for officials

2023-06-15 00:00:00

ONE Bank Limited arranged an induction training programme for its officials in Dhaka recently. Md Monzur Mofiz, managing director, John Sarkar, deputy managing director, and Mohammad Masudul Haque, Head of Training, spoke among others on the occasion.

Minister for taking initiatives to invent alternatives to plastic

2023-06-15 00:00:00

Environment, Forest and Climate Change Minister Md Shahab Uddin said on Wednesday initiatives should be taken to increase the use of sustainable alternatives to plastic and eco-friendly products aiming to cut plastic's visible threat to human health, reports BSS."All, including...

Biman gets IATA certificate

FE REPORT | 2023-06-15 00:00:00

Biman Bangladesh Airlines has been awarded the certificate of registration and accreditation from the International Air Transport Association (IATA) for its outstanding ground handling services. IATA Safety Audit for Ground Operations (ISAGO) has been conducted on ground handling operations at...

Premier Bank held 24th AGM on digital platform

2023-06-15 00:00:00

Premier Bank Limited held its 24th annual general meeting on a digital platform on Wednesday. Chairman of the bank Dr HBM Iqbal presided over the meeting while Managing Director & CEO M Reazul Karim delivered the welcome speech. The AGM...

27th AGM of Dutch-Bangla Bank held

2023-06-15 00:00:00

The 27th annual general meeting (AGM) of Dutch-Bangla Bank Limited was held on Monday on a virtual platform. Chairman of the bank Sayem Ahmed presided over the event. The meeting approved 17.5 per cent cash dividend and 7.5 per cent...

DMTCL prepares not a single financial statement in a decade

MUNIMA SULTANA | 2023-06-15 00:00:00

The Dhaka Mass Transit Company Limited (DMTCL), a state-owned company, is yet to prepare and submit any financial statement to the authorities concerned since its inception nearly a decade ago in 2013, sources said.They said the Road Transport and Highways...

News in Brief(2023-06-15)

2023-06-15 00:00:00

9 killed in Manipur ethnic clashes GUWAHATI, June 14: Rival ethnic groups fired at each other in fresh violence in India's remote northeast that left at least nine people dead and some injured, officials said Wednesday. Security forces rushed to...

Cyclone makes landfall today

2023-06-15 00:00:00

MANDVI, June 14 (AP/BBC): The coastal regions of India and Pakistan were on high alert Wednesday with tens of thousands being evacuated a day before Cyclone Biparjoy was expected to make landfall.Tens of thousands have been evacuated in India and...

Belarus taking delivery of Russian N weapons

2023-06-15 00:00:00

MINSK, June 14 (Reuters): Belarusian President Alexander Lukashenko has said his country has started taking delivery of Russian tactical nuclear weapons, some of which he said were three times more powerful than the atomic bombs the US dropped on Hiroshima...

59 migrants dead as fishing vessel sinks

2023-06-15 00:00:00

ATHENS, June 14 (AP): At least 59 people have died off the coast of southern Greece after a fishing boat carrying dozens of migrants capsized and sank, authorities said Wednesday.A large search and rescue operation was launched in the area....

China rebukes US in phone call ahead of Blinken's Beijing trip

2023-06-15 00:00:00

BEIJING, June 14 (Reuters): China's foreign minister Qin Gang urged the United States to stop meddling in its affairs and harming its security in a phone call with his US counterpart on Wednesday, a tense preview to Antony Blinken's visit...

Nigeria boat capsize kills 106

2023-06-15 00:00:00

KANO, June 14 (AFP): The death toll from a Nigeria riverboat disaster has risen to 106 people as rescue teams continued to search for more survivors, police said on Wednesday.The boat, carrying capsized in the early hours of Monday in...

Bangladesh play Cambodia today

2023-06-15 00:00:00

Bangladesh national football team will play a FIFA International Friendly match with Cambodian national team in Phnom Penh today (Thursday) as a part of their preparation for the eight-nation SAFF championship' 2023 in India, reports UNB.The lone FIFA Tier-1 International...

Minister-Myone Group chair Raj elected as BHF Vice-President

2023-06-15 00:00:00

Chairman of the Minister-Myone Group MA Razzak Khan Raj has been elected Vice-President of the Bangladesh Hockey Federation, says a press release.He has been elected Vice-President of the BHF without opposition recently.He said, "I am delighted to be the federation's...

HC asks not to comment until ACC inquiry ends

FE REPORT | 2023-06-15 00:00:00

The High Court on Wednesday asked Bangladesh Football Federation (BFF) President Kazi Mohammad Salahuddin, Barrister Syed Sayedul Haque Suman, a Supreme Court lawyer, and others concerned not to give any opinion about the corruption and money laundering allegations against BFF...

'Sheikh Russel 19th National Long-distance Swimming Competition-2023'

2023-06-15 00:00:00

Bangladesh Navy chief and Bangladesh Swimming Federation (BSF) president Admiral M Shaheen Iqbal NBP, NUP, NDC, AFWC, PSC, awarding the winner of 'Sheikh Russel 19th National Long-distance Swimming Competition-2023' Sonia Akhtar (woman section) at Gumti River in Debidwar upazila in...