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358th board meeting of Shahjalal Islami Bank held

2023-05-08 00:00:00

The 358th meeting of the board of directors of Shahjalal Islami Bank Limited was held at the corporate head office of the bank recently. The meeting was presided over by Chairman of the board of directors Mohammed Younus. Vice-Chairman of...

FSIBL inaugurated 42nd foundation course

2023-05-08 00:00:00

First Security Islami Bank Limited (FSIBL) inaugurated 42nd foundation course at the FSIBL Training Institute for the newly-recruited trainee assistant cash officers. Syed Waseque Md Ali, managing director of the bank, inaugurated the training programme.

ADN Telecom, The City Bank , and City Bank Capital announced a syndicated loan arrangement

2023-05-08 00:00:00

ADN Telecom Limited, The City Bank Limited, and City Bank Capital have announced a syndicated loan arrangement for building construction and business expansion, amounting to Tk 1,200 million. The syndicated loan will be used to fund ADN Telecom Limited's new...

Social Islami Bank opened six sub-branches

2023-05-08 00:00:00

Social Islami Bank Limited opened six sub-branches on a virtual platform from its head office on Sunday. Zafar Alam, managing director and CEO, inaugurated the sub-branches as the chief guest while Mohammad Forkanullah, deputy managing director, presided over the programme....

Rumee A Hossain re-elected as Bank Asia EC chairman

FE DESK | 2023-05-08 00:00:00

Rumee A Hossain has been re-elected as the chairman of the board executive committee of Bank Asia Limited at the meeting of the board of directors held recently, said a statement.He is one of the sponsor directors of the bank....

Seminar on ‘Halal Industry Development’

2023-05-08 00:00:00

An international seminar on 'Halal Industry Development: Global Opportunities for the Tourism Industry', organised by EXPOPRO (Centre for Business Development & Communications) and supported by Stryke.com.bd in association with Asian-African Chamber of Commerce and Industry (AACCI), was held in Dhaka...

Sonali Aansh jumps 22pc in just 7 sessions

FE REPORT | 2023-05-08 00:00:00

Sonali Aansh Industries has continued its climb on the Dhaka Stock Exchange since April 17 without any price sensitive information. The prime bourse usually seeks clarification from a company of a sudden jump of the stock when it is not...

Sales decline drove profit of automobile industry down in nine months

BABUL BARMAN | 2023-05-08 00:00:00

Sales of commercial vehicles almost halved in the nine months through March, compared to the same period a year ago amid runaway inflation. The country's automobile sector took a fresh blow following the pandemic as Russian troops invaded Ukraine in...

Man City climb four points clear of Arsenal in title race

2023-05-08 00:00:00

MANCHESTER, England, May 07 (Agencies): Manchester City continued their seemingly unstoppable charge towards a third consecutive Premier League title with a 2-1 victory over Leeds United on Saturday that put them four points clear of Arsenal.Ilkay Gundogan scored a brace...

Gill, Saha help Gujarat win IPL battle of brothers

2023-05-08 00:00:00

AHMEDABAD, India, May 07 (AFP): Hardik Pandya got the better of his big brother Krunal on Sunday as holders Gujarat Titans thrashed Lucknow Super Giants by 56 runs in the Indian Premier League (IPL) on Sunday.In the first ever IPL...

First brothers captain two opposing sides in IPL

2023-05-08 00:00:00

AHMEDABAD, India, May 07 (AFP): Hardik and Krunal Pandya hugged and joked Sunday as they made history by becoming the first brothers to captain two opposing sides in an Indian Premier League match."It's a dream come true for us, leading...

Real Madrid win first Copa del Rey since '14

2023-05-08 00:00:00

SEVILLE, Spain 07 (AP): Rodrygo and Vinícius Júnior completed their collection of club trophies for Real Madrid on Saturday after helping win the club its first Copa del Rey in nearly a decade.Since winning its last Copa del Rey in...

Ripon Mondol leads Abahani to third straight victory

2023-05-08 00:00:00

Abahani clinched their third straight victory in the Dhaka Premier League (DPL) super league phase with a four-wicket win over Legends of Rupganj at BKSP-3 ground in Savar on Sunday, reports BSS.Ripon Mondol claimed 4-45, which was instrumental to wrapping...

Kellogg buys key ingredient from Sudan

2023-05-08 00:00:00

NEW YORK, May 7 (Reuters): Kellogg Co has a stable reserve of a key ingredient used in its Pop Tarts breakfast pastries that it sources from war-torn Sudan, CEO Steve Cahillane told Reuters in an interview.Cahillane said the US food...

Global gold demand fell in the first quarter of 2023: WGC

2023-05-08 00:00:00

LONDON, May 7 (Reuters): Global gold demand fell in the first three months of 2023 as large purchases by central banks and Chinese consumers were offset by reduced investor buying, the World Gold Council (WGC) said on Friday.Total demand amounted...

China forex reserves rise to $3.205t in April

2023-05-08 00:00:00

BEIJING, May 7 (Reuters) - China's foreign exchange reserves rose more than expected in April, official data showed on Sunday, as the dollar fell against other major currencies.The country's foreign exchange reserves - the world's largest - rose $21 billion...

New DG of BARD takes over

2023-05-08 00:00:00

Additional Secretary Md Harun-or-Rashid Mollah joined as the director general (DG) of Bangladesh Academy for Rural Development (BARD), Cumilla on Sunday. Previously, he worked as the additional secretary at the Financial Institutions Division, Ministry of Finance. Upon joining BARD, he...

Bangladesh Commerce Bank organised a foundation training course

2023-05-08 00:00:00

Bangladesh Commerce Bank Limited organised a foundation training course for probationary officers recently. Managing Director and CEO Md Tajul Islam was present at the inauguration programme as the chief guest. Deputy Managing Director Dr Md Abdul Kader and Principal of...

SBAC Bank launched an ATM booth

2023-05-08 00:00:00

South Bangla Agriculture and Commerce (SBAC) Bank launched an ATM booth in the gate of the factory of Adury Apparels on Dhaka-Sylhet Highway of Narsingdi recently. Abdul Kadir Molla, chairman, and Habibur Rahman, managing director and CEO of the bank,...

Union Bank first quarterly business review meeting 2023

2023-05-08 00:00:00

Managing Director and CEO of Union Bank Limited ABM Mokammel Hoque Chowdhury inaugurated the first quarterly business review meeting 2023 as the chief guest in Sylhet on Saturday.

IBBL holds foundation training course:

2023-05-08 00:00:00

 Islami Bank Training and Research Academy (IBTRA) organised a Foundation Training Course for probationary officers that began on Sunday. Mohammed Monirul Moula, Managing Director & CEO of the bank, was present as the chief guest at the inaugural ceremony presided...

Bengal Commercial Bank launches new product:

2023-05-08 00:00:00

Bengal Commercial Bank has introduced 'Bengal Universal Account' with attractive facilities. Tarik Morshed, Managing Director and CEO of the bank, launched the new financial product at the bank's Head Office in Gulshan recently. In this account, profit will be counted...

Tech transformation emphasised to achieve zero emissions by 2050

OUR CORRESPONDENT | 2023-05-08 00:00:00

CHATTOGRAM, May 07: The 10th International Seminar for Port State Control Officer began at a local hotel in the port city on Sunday. Commodore Md Nizamul Hoque, the director-general of the Department of Shipping, inaugurated it as the chief guest.In...

Sunil appointed as country managing director of EDOTCO

2023-05-08 00:00:00

EDOTCO Bangladesh, a leading telecommunications infrastructure services provider, has announced the appointment of Sunil Isaac as its new Country Managing Director. With over 27 years of experience in the telecommunications industry, Sunil will spearhead EDOTCO Bangladesh's expansion efforts, especially in...

Abeywickrema new chairman of Nestle Bangladesh

2023-05-08 00:00:00

Deepal Abeywickrema, Managing Director of Nestle Bangladesh PLC, has also been appointed as the Chairman of the company recently, says a press release. He took over as the Chairman of the company on April 6. With more than 30 years'...

PM offers economic zone to Bhutan for mutual benefits

2023-05-08 00:00:00

LONDON, May 7 (BSS): Prime Minister Sheikh Hasina has offered Bhutan to build an economic zone in Bangladesh for mutual benefits as Bhutanese King Jigme Khesar Namgyel Wangchuck and Queen Jetsun Pema had a meeting with her."We're establishing economic zones...

Asian spot LNG prices hit 23-month low amid weak restocking demand

2023-05-08 00:00:00

LONDON, May 7 (Reuters): Asian spot liquefied natural gas (LNG) prices hit a 23-month low last week on mild weather and weak restocking demand in China, Japan and Korea, while Europe enjoys 60 per cent full inventories ahead of summer.The...

News in Brief (2023-05-08)

2023-05-08 00:00:00

Sudan generals blame each otherfor the violence in talksKHARTOUM, May 07: Gun battles and air strikes on Sunday again flared in Sudan's capital, which has been rocked by four weeks of fighting despite the latest ceasefire efforts backed by Saudi...

Erdogan faces tough battle in May 14 polls

2023-05-08 00:00:00

ANKARA, May 07 (Reuters): Stuck in Tayyip Erdogan's shadow throughout his career, opposition leader Kemal Kilicdaroglu believes his time has come to set Turkey on a new path and roll back much of the legacy of the man who has...

27 Peru miners killed after fire at gold mine

2023-05-08 00:00:00

LIMA, May 07 (Reuters): An unknown number of miners were killed after a suspected fire at a gold mine in Peru, authorities said Saturday, as police worked to recover the bodies.As many as 27 miners could have been killed, the...