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Election to be held in due time: Matia Chy

2023-05-09 00:00:00

Deputy Leader in parliament Matia Chowdhury has said the Jatiya Sangsad (JS) elections will be held in due time in the constitutional process, reports BSS."Many people are talking about the election... the country has a democracy, so elections will be...

EC working for free, fair city elections

2023-05-09 00:00:00

KHULNA, May 08 (BSS): Election Commissioner Brigadier General Md Ahsan Habib Khan said on Monday the Election commission (EC) is working tirelessly for holding free, fair and credible city corporation elections."The EC is very much alert to hold a free,...

Suppression on opposition men increasing as polls near: Rizvi

2023-05-09 00:00:00

BNP Senior Joint Secretary General Ruhul Kabir Rizvi said on Monday as the national election draws nearer, the 'illegal' government's partisan administration resorts to illegal cases, assaults, torture and widespread arrests against the party leaders and activists, reports UNB."Meanwhile, the...

Dr Wazed Miah's 14th death anniv today

2023-05-09 00:00:00

The 14th death anniversary of eminent nuclear scientist and Prime Minister Sheikh Hasina's husband Dr. M A Wazed Miah (Sudha Miah) will be observed today (Tuesday), reports BSS. The nuclear scientist was born on February 16, 1942 at Laldighee Fatehpur...

Hasan wants polls with participation of all parties including BNP

2023-05-09 00:00:00

Information and Broadcasting Minister Dr Hasan Mahmud has said BNP will make mistake if they fail to realise the image of Prime Minister Sheikh Hasina in the global arena and its huge support to her government, reports BSS."BNP surly could...

Indian shares rise after financials rebound from Friday's slide

2023-05-09 00:00:00

BENGALURU, May 8 (Reuters): India's key benchmarks advanced over 1 per cent on Monday, helped by a recovery in financials, strong earnings, and on improved sentiment following robust economic data from the United States.The Nifty 50 closed 1.08 per cent...

US stock index futures edge higher, key inflation data awaited

2023-05-09 00:00:00

US stock index futures edged higher on Monday ahead of a key inflation reading during the week that will be scrutinized for whether the Federal Reserve's efforts to cool prices were taking hold, while shares of regional lenders extended gains,...

Alibaba logistics arm eyes up to $2b Hong Kong IPO

2023-05-09 00:00:00

SYDNEY/HONG KONG, May 8 (Reuters): Alibaba's logistics arm aims to raise up to $2 billion via a listing in Hong Kong likely early next year, sources with knowledge of the matter said, bolstering hopes for a capital markets revival in...

European shares edge higher as energy, bank stocks gain

2023-05-09 00:00:00

European shares edged higher on Monday, with energy and bank stocks spearheading gains, but were range-bound ahead of key US inflation data due later in the week that would offer more cues on the Federal Reserve's monetary policy path, reports...

Euro zone investor morale unexpectedly dips in May

2023-05-09 00:00:00

BERLIN, May 8 (Reuters): Investor morale in the euro zone took a surprising dip in May, with stubborn inflation and energy concerns upending expectations of a spring recovery, a survey showed on Monday.Sentix's index for the euro zone fell to...

Qatar leads major Gulf markets lower on weak earnings

2023-05-09 00:00:00

Major stock markets in the Gulf fell in early trade on Monday, with the Qatari bourse leading the losses following a slew of disappointing corporate earnings, reports Reuters.The Qatari index slipped 0.6 per cent, with petrochemical maker Industries Qatar sliding...

Global shares rise, but dollar sags ahead of inflation data

2023-05-09 00:00:00

SYDNEY, May 8 (Reuters): Global shares edged up in light trading on Monday, ahead of US inflation data this week that could prove instrumental in setting expectations for the outlook for monetary policy.The dollar came under pressure as a deadline...

Regulator approves Savar Refractories' exit plan

FE REPORT | 2023-05-09 00:00:00

Savar Refractories reached an advanced stage of its exit plan of purchasing shares back from institutions and general shareholders.The Bangladesh Securities and Exchange Commission (BSEC) on Sunday gave its consent in principal. The company's offer price of Tk 95.52 per...

Dilwar H Choudhury re-elected Bank Asia audit committee chairman

FE DESK | 2023-05-09 00:00:00

Dilwar H Choudhury has been re-elected as the chairman of Board Audit Committee of Bank Asia Limited at a meeting of the board of directors held recently, said a statement.Mr Choudhury had been a career banker with 35 years of...

Peninsula Chittagong in the red in July-Mar FY23

FE REPORT | 2023-05-09 00:00:00

The Peninsula Chittagong's profit dropped 37.5 per cent year-on-year to Tk 5.93 million in January-March of the current financial year mainly for higher cost of sales.As a result, the earnings per share came down to Tk 0.05 in the third...

LafargeHolcim's profit doubles in Q1, bolstering leadership in cement industry

FE REPORT | 2023-05-09 00:00:00

LafargeHolcim's profit more than doubled year-on-year to Tk 1.91 billion in the first quarter through March, backed by what it said is new products and innovative building material solutions.The sales revenue also jumped 37 per cent year-on-year to Tk 8.54...

Oil climbs almost 3pc

2023-05-09 00:00:00

SINGAPORE, May 8 (Reuters): Oil rose almost 3.0 per cent on Monday as US recession fears eased and some traders took the view that crude's recent price slide was overdone with three straight weekly declines for the first time since...

India govt panel proposes ban on diesel 4-wheeler vehicles by 2027

2023-05-09 00:00:00

NEW DELHI, May 8 (Reuters): India should ban the use of diesel-powered four-wheeler vehicles by 2027 and switch to electric and gas-fuelled vehicles in cities with more than a million people and polluted towns in order to cut emissions, an...

Gold claws back on softer dollar

2023-05-09 00:00:00

Gold rose on Monday as the dollar eased, with bullion regaining ground after a sharp retreat in the previous session ahead of inflation data that could shed light on the outlook for U.S. interest rates, reports Reuters. Spot gold rose...

Emirates to double its cargo capacity in next decade

2023-05-09 00:00:00

Emirates SkyCargo, the freighter division of Emirates airline, has added two Boeing 747-400Fs to its freighter fleet, showing its strong confidence in the global cargo market in a current environment of volatility, says a press release.The airline is expecting 15...

Mahbub Alam promoted to BB director

FE DESK | 2023-05-09 00:00:00

Additional Director of Bangladesh Bank (BB) Mohammad Mahbub Alam, who is working at the Bangladesh Financial Intelligence Unit (BFIU), has recently been promoted to director of the central bank.He started off his career at the Bangladesh Bank as an Assistant...

Probashi Kallyan Bank Training Institute arranged two-day long training workshop

2023-05-09 00:00:00

Probashi Kallyan Bank Training Institute arranged a two-day long training workshop titled 'Developing Leadership Excellence in Bank Officials' at the head office of the bank in Dhaka recently. Secretary of the Financial Institutions Division Sheikh Mohammad Salim Ullah inaugurated the...

Md Abdul Jabbar inaugurated 30-day foundation training course

2023-05-09 00:00:00

Managing Director and CEO of Janata Bank Limited Md Abdul Jabbar inaugurated a 30-day foundation training course on Sunday, organsied by Janata Bank Staff College, Dhaka. Some 50 officers are taking part in the course.

ONE Bank arranged a daylong training

2023-05-09 00:00:00

ONE Bank Limited recently arranged a daylong training on 'Prevention of Money Laundering & Combating Financing of Terrorism' at a hotel in Bogura for the executives and officers of the bank's Rajshahi Zone. Mohammad Rafiqul Islam, Executive Director, Bangladesh Bank,...

BKB teamed up with money transfer company Western Union, launching API Payment service

2023-05-09 00:00:00

Bangladesh Krishi Bank has teamed up with money transfer company Western Union, launching its API Payment service at the bank's Head Office on Monday. Under this service, remittance sent by expatriate Bangladeshis through Western Union can be easily withdrawn from...

HSBC reaches deal to buy out China fund partner

2023-05-09 00:00:00

HONG KONG, May 8 (Reuters): HSBC has agreed to buy out its China fund management joint venture partner, two people familiar with the matter said, as the Asia-focused bank pushes ahead with expansion in the world's second-largest economy.HSBC, which currently...

BRAC Bank again gets 'AAA' credit rating

2023-05-09 00:00:00

BRAC Bank again received the highest credit rating 'AAA' from Bangladesh's most prominent agency -- Credit Rating Agency of Bangladesh (CRAB) -- showing its solid financial strength and stability, says a press release. CRAB has reaffirmed 'AAA' for long-term and...

BTTC identifies supply chain anomalies

REZAUL KARIM | 2023-05-09 00:00:00

The Bangladesh Trade and Tariff Commission (BTTC) has identified anomalies in the supply chain by sugar refiners, which led to an artificial crisis of crystal sugar on the local market.It has already sent a report on the findings to the...

SLC, BCB back BCCI on moving Asia Cup 2023 out of Pakistan

2023-05-09 00:00:00

RAWALPINDI, May 08 (Geo Tv): The cricket boards of Sri Lanka and Bangladesh (SLC and BCB) have reportedly backed the Board of Control for Cricket in India (BCCI) over moving this year's Asia Cup out of Pakistan. Moreover, the sources...

Haaland set to pocket £5m bonuses if Man City win EPL, UCL, FA Cup

2023-05-09 00:00:00

Manchester City striker Erling Haaland could be in line for bonuses worth more than £5 million if his record-breaking season continues along the same path, according to the British daily newspaper The Sun.The Norwegian frontman broke the Premier League's all-time...