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Govt clears Salahuddin's return to Bangladesh from India

2023-06-09 00:00:00

The government has cleared BNP leader Salahuddin Ahmed's return to Bangladesh anytime he wishes and conveys the decision to the country's mission in India, reports UNB."Our Home Ministry has approved his (BNP leader Salahuddin Ahmed) application for returning home. The...

AL out to divert BNP from anti-govt movement: Fakhrul

FE REPORT | 2023-06-09 00:00:00

BNP secretary general Mirza Fakhrul Islam Alamgir has said some Awami League leaders' dialogue issue is only for diverting his party's movement for a fair election under a caretaker government."The speeches on dialogue by home minister Asaduzzaman Khan and Awami...

No talks with BNP over neutral govt issue: Quader

2023-06-09 00:00:00

Awami League (AL) General Secretary Obaidul Quader on Thursday said there will be no dialogue with the BNP over the issue of a neutral government, reports BSS."We remember what happened before the last general elections; we held dialogue with them...

Commercial Bank of Dubai set to raise $500 million with debut green bonds

2023-06-09 00:00:00

DUBAI, June 8 (Reuters): Commercial Bank of Dubai is set to raise $500 million through a debut sale of green bonds, its first foray into the international debt markets since 2020 that got $1.4 billion in orders, a bank document...

European shares dip on rate jitters, banks rise

2023-06-09 00:00:00

European shares dipped on Thursday as rate-sensitive technology shares slipped on expectations of further interest rate hikes by major central banks, although gains in banks helped limit losses, reports Reuters.The pan-European STOXX 600 index edged 0.1 per cent lower, with...

Chinese regulators try to assure sceptical foreign financiers

2023-06-09 00:00:00

SHANGHAI/BEIJING, June 8 (Reuters): China is open for investment, the country's top financial regulators told foreign financiers at a high-profile forum in Shanghai on Thursday, as concerns mount among foreign firms that they may no longer be welcome.The world's second-largest...

India's central bank holds rates, signals tight policy ahead

2023-06-09 00:00:00

MUMBAI, June 8 (Reuters): India's central bank kept its key lending rate steady for a second straight policy meeting on Thursday, as widely expected, but signalled that monetary conditions will remain tight for some time as it looks to further...

US luxury EV maker Lucid set to enter China market

2023-06-09 00:00:00

SHANGHAI, June 8 (Reuters): US luxury electric vehicle maker Lucid Group is preparing to enter the world's largest auto market, its head of China operations Zhu Jiang said on Thursday.Lucid will sell imported cars in China while also considering local...

Daraz Bangladesh celebrated '1 Lakh (0.1 million) DigiBox Delivery milestone'

2023-06-09 00:00:00

Daraz Bangladesh recently celebrated the '1 Lakh (0.1 million) DigiBox Delivery milestone', and launched the 27th DigiBox at Asfia Tower, Banani, in Dhaka, providing IoT-based automated collection facility to the customers of Daraz. Daraz Bangladesh Limited Managing Director Syed Mostahidal...

Smart Technologies (BD) -

2023-06-09 00:00:00

Smart Technologies (BD) Ltd (SONY-SMART), the official distributor of Japanese SONY in Bangladesh, has launched a dedicated showroom at Station Road, adjacent to Grand Hotel intersection area, in Rangpur city on Wednesday. Managing Director of SMART Technologies (BD) Ltd Mohammad...

PRAGATI INSURANCE AGM HELD

2023-06-09 00:00:00

Pragati Insurance Limited held its 37th Annual General Meeting on a digital platform on Thursday, with its Chairman Syed M Altaf Hussain in the chair. Vice-chairman Tabith M. Awal and members of the Board of Directors Abdul Awal Mintoo, Khalilur...

Prime Bank signed agreement with Shanta Holdings

2023-06-09 00:00:00

Prime Bank has signed an agreement with Shanta Holdings Limited recently at Shanta Holdings office to bring it under the services of Primepay, Prime Bank's omni digital channel for all types of corporate payments & MIS from anywhere at any...

Indian shares slide as RBI signals tight policy ahead

2023-06-09 00:00:00

BENGALURU, June 8 (Reuters): Indian shares snapped a four-day winning streak on Thursday, weighed by auto and consumer stocks after the Reserve Bank of India pushed bets of a rate cut further ahead, with inflation seen to be staying above...

BRAC Bank to issue subordinated bonds of Tk 7b

FE REPORT | 2023-06-09 00:00:00

BRAC Bank seeks to raise Tk 7 billion by issuing non-convertible subordinated bonds to strengthen its supplementary capital. The decision was taken at a meeting of the board of directors on Wednesday, according to a disclosure posted on the Dhaka...

Japan earmarks $107b for developing hydrogen energy to cut emissions

2023-06-09 00:00:00

TOKYO, June 8 (AP): Japan's government on Tuesday adopted a revision to the country's plans to use more hydrogen as fuel as part of the effort to reduce carbon emissions.The plan sets an ambitious target to increase the annual supply...

Emerald Oil to give 5pc cash dividend on extension of profit regime

FE REPORT | 2023-06-09 00:00:00

Emerald Oil Industries has declared a 5 per cent interim cash dividend for the nine months through March this year as it succeeded in securing profit for the second year. Previous sponsor-directors, who still hold 30.45 per cent shares, will...

AB Foods to buy dairy tech co to boost its agri-food unit

2023-06-09 00:00:00

LONDON, June 8 (Reuters): Associated British Foods, the owner of Primark and major sugar, foods and ingredients businesses, said it would buy dairy technology company National Milk Records for 48 million pounds ($59.7 million) to boost its agri-food unit.While it...

Isuzu to relocate factory from Thailand to Indonesia

2023-06-09 00:00:00

JAKARTA, June 8 (Reuters): Japanese truck maker Isuzu Motors plans to relocate a factory from Thailand to Indonesia and could start production as early as next year, Indonesia's industry minister said on Wednesday.Minister Agus Gumiwang Kartasasmita met with Isuzu's executives...

Volvo launches EX30 electric SUV with focus on affordability

2023-06-09 00:00:00

MILAN, June 8 (Reuters): Volvo Cars launched its EX30 fully-electric small SUV on Wednesday with two battery options and a starting price of around 36,000 euros ($38,500), as carmakers compete with Tesla to make electric vehicles (EVs) more affordable.The EX30...

US trade deficit widens to 6-month high, may dent economic growth

2023-06-09 00:00:00

WASHINGTON, June 8 (Reuters): The US trade deficit widened by the most in eight years in April as imports of goods rebounded while exports of energy products declined, a trend that if sustained, could result in trade being a drag...

India raises crop prices by the most in five years

2023-06-09 00:00:00

NEW DELHI, June 8 (Reuters): India on Wednesday raised the government-mandated price for summer-sown crops such as rice and cotton by the most in five years as Prime Minister Narendra Modi looks to woo millions of farmers ahead of a...

Bank of Canada hikes rates to 22-year high

2023-06-09 00:00:00

OTTAWA, June 8 (Reuters): The Bank of Canada on Wednesday hiked its overnight rate to a 22-year high of 4.75 per cent, and markets and analysts immediately forecast yet another increase next month to ratchet down an overheating economy and...

PADMA BANK'S 'CUSTOMER MEET' PROGRAMME

2023-06-09 00:00:00

The Kakrail branch of Padma Bank organised a 'Customer Meet' programme at its office in Dhaka on Wednesday. At the event, customers requested the board of directors of Padma Bank to come up with different types of products according to...

US-Bangla Airlines announces training programme for students

2023-06-09 00:00:00

In a bid to nurture students and address the growing demand for aircraft maintenance engineers, US-Bangla Airlines has announced a two-year training programme, reports UNB.The initiative aims to produce skilled professionals capable of ensuring the safe and efficient operation of...

Walton rolls out advanced tech refrigerators

FE REPORT | 2023-06-09 00:00:00

Walton on Wednesday unveiled three advanced technology refrigerators taking Bangladesh into a new era of high-tech home appliances.The electronics brand has unveiled AIoT (Internet of Things) based Giantech (GT) series three new models of smart refrigerators.These new models included South...

Guardian Life launches child protection plan

FE DESK | 2023-06-09 00:00:00

For the first time in Bangladesh, Guardian Life Insurance Limited has introduced a unique child protection plan, namely 'Guardian Projonmo', in their pursuit of market leadership through innovative products and processes.The 'Guardian Projonmo' is an innovative plan that has been...

BD seeks Nordic technology to boost agro-processing industry

FE REPORT | 2023-06-09 00:00:00

Agriculture Minister Dr Muhammad Abdur Razzaque Thursday sought technological help from Nordic countries to boost the agro-processing industry of Bangladesh.The urgency came at an event, titled 'Investment for catalysing sustainable and resilient food systems', organised by The Nordic Chamber of...

News in Brief (2023-06-08)

2023-06-09 00:00:00

Four children injured in knife attack in FrancePARIS, June 08: A Syrian national wounded four children and an adult in a knife attack in a French park on Thursday, police said, leaving some of the victims critically ill in hospital....

ASEAN bloc to hold first joint military drills

2023-06-09 00:00:00

JAKARTA, June 08 (AFP): Southeast Asian nations have agreed to hold their first-ever joint military drills in the South China Sea, Indonesian officials said on Thursday, as tensions grow over China's increasing assertiveness in the region."We will hold joint military...

Imran Khan gets bail on murder charges

2023-06-09 00:00:00

ISLAMABAD, June 08 (Reuters): Ousted Pakistani prime minister Imran Khan secured bail on Thursday from the Islamabad High Court over new murder charges, blocking his arrest in that case for 14 days, his lawyer said.The ousted prime minister had been...