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EHL wins ICSB National Award

2023-10-17 00:00:00

Eastern Housing Limited (EHL) achieved the Gold Award at the 10th ICSB National Award-2022 for Corporate Governance Excellence in services companies category. Salim Ahmed FCS, Company Secretary, and Operative Director Mohammad Sajedur Rahman of the company, received the award from...

CITY GENERAL INSURANCE WINS ICSB AWARD

2023-10-17 00:00:00

City General Insurance Company Limited won the ICSB Gold Award for Corporate Governance Excellence in non-life insurance category. Hossain Akhtar, Chairman, Md Shamim Hossain, Chief Executive Officer, Sheikh Azizul Haque, Executive Vice President & CFO and Mohammed Ashaduzzaman Sarkar, Company...

MTB, BMA and Mastercard jointly announced launching of two credit cards for doctors

2023-10-17 00:00:00

Mutual Trust Bank Limited (MTB), Bangladesh Medical Association (BMA) and Mastercard jointly announced the launching of two credit cards exclusively for the country's doctors on Sunday. Syed Mahbubur Rahman, managing director and CEO, Mutual Trust Bank, Dr Mostofa Jalal Mohiuddin,...

Exim Bank arranged a business development conference with branch managers

2023-10-17 00:00:00

Exim Bank arranged a business development conference with branch managers, executives and officials of its Rajshahi region in Bogura on Saturday. Managing Director and CEO of Exim Bank Mohammad Feroz Hossain was present as the chief guest while Deputy Managing...

Southeast Bank provided a financial grant to Bangabandhu Sheikh Mujibur Rahman Agricultural University

2023-10-17 00:00:00

Southeast Bank Limited has provided a financial grant to Bangabandhu Sheikh Mujibur Rahman Agricultural University for research and development under a special CSR fund. Nuruddin Md Sadeque Hossain, managing director of Southeast Bank, handed over a cheque to Professor Dr...

Int'l Marine and Offshore Expo held

2023-10-17 00:00:00

The 5th edition of the Bangladesh International Marine and Offshore Expo (BIMOX 2023) was held at the International Convention City Bashundhara (ICCB) in the capital from October 12 to 14, says a press release. ACI Marine and Riverine Technologies Limited,...

Cox’s Bazar rail link to be connected to Matarbari port

OUR CORRESPONDENT | 2023-10-17 00:00:00

CHATTOGRAM, Oct 16: The renovation works of old Kalurghat Bridge will be completed by the current month. Railways Minister Md Nurul Islam Sujan said this when he visited Monday the old Kalurghat bridge to assess the progress of its repair...

Shipping Corporation sees 9pc profit growth in FY23

FE REPORT | 2023-10-17 00:00:00

The state-run Bangladesh Shipping Corporation (BSC) has maintained a steady growth in profit for the last three fiscal years, with a 9 per cent rise in income to Tk 2.46 billion in FY23. Though the company suffered a slight dent...

Trust Bank takes full control of Trust Axiata Digital, now opts for going slow

ISMAIL HOSSAIN | 2023-10-17 00:00:00

Trust Bank Ltd is planning to proceed 'slow and steady' after acquiring 100 per cent ownership of its subsidiary, Trust Axiata Digital Limited, a mobile financial service established by the bank in collaboration with Malaysia-based Axiata Digital Services Sdn Bhd...

Matin Spinning's profit plunges as cost of goods sold escalates

FE REPORT | 2023-10-17 00:00:00

Yarn producer Matin Spinning Mills gained 59.41 per cent lower profit to Tk 427 million in FY23, compared to the year before, as raw material prices, fuel cost and finance cost soared.Spinners are unable to increase their product prices since...

SFD signs loan deal to develop climate project in Grenada

2023-10-17 00:00:00

RIYADH, Oct 16 (Arab News): Affirming its commitment to assisting developing nations, the Saudi Fund for Development has signed a loan agreement with Grenada to provide $100 million for a climate-smart infrastructure project.The Caribbean country has now become the 91st...

Billion-dollar Chinese-funded airport begins operations

2023-10-17 00:00:00

PHNOM PENH, Oct 16 (AFP): A billion-dollar Chinese-funded airport began operations in Cambodia Monday, with local officials hoping it will revive the vital tourism sector.Phnom Penh became one of Beijing's strongest regional allies under former strongman leader Hun Sen, receiving...

Meloni targets tax cuts, working mums in Italy budget

2023-10-17 00:00:00

MILAN, Oct 16 (AFP): Italian Prime Minister Giorgia Meloni outlined her proposed 2024 budget on Monday, focused on tax cuts and incentives to get women back to work after having children.Ministers in Meloni's hard-right government agreed around 24 billion euros...

EU seeks to ease US tariff, green subsidy threats

2023-10-17 00:00:00

BRUSSELS, Oct 16 (Reuters): The European Union will seek this week to ward off the return of Trump-era metals tariffs and to lessen the negative impact on the US Inflation Reduction Act (IRA) and its subsidies for electric vehicles.US President...

Britain's M&S to hire 10,000 workers for Christmas season

2023-10-17 00:00:00

LONDON, Oct 16 (Reuters): British clothing and food retailer Marks & Spencer said on Monday it plans to recruit 10,000 temporary workers for the Christmas season, a more than 40 per cent increase on last year.The group, one of the...

Bayer to introduce direct-seeded rice system in Philippines

2023-10-17 00:00:00

MANILA, Oct 16 (Reuters): Bayer AG said on Monday it plans to bring its direct-seeded rice programme to the Philippines in 2024, offering farmers an alternative cultivation method touted to be more climate-friendly.Bayer launched the system in India this year...

MERCANTILE BANK HOLDS 'BUSINESS REVIEW CONFERENCE'

2023-10-17 00:00:00

The Business Review Conference of North Bengal Region of Mercantile Bank PLC was held at a hotel in Rangpur on Sunday. Md. Quamrul Islam Chowdhury, Managing Director & CEO of the bank, was present as the chief guest while AMD...

BRAC Bank customers, coworkers to enjoy discounts at Jeevan Mithra Fertility Centre

2023-10-17 00:00:00

BRAC Bank has signed a Memorandum of Understanding with Jeevan Mithra Fertility & Women Care Centre, a world-class fertility clinic in Chennai, India. Under the agreement, credit & debit cardholders and the coworkers of BRAC Bank will enjoy a 20...

RUPALI ISLAMI BANKING WINDOW LAUNCHED

2023-10-17 00:00:00

Rupali Islami Banking Window, the Islamic Banking Service of Rupali Bank Limited, has been officially inaugurated recently. Sheikh Mohammad Salim Ullah, secretary of the Financial Institutions Division, attended the launching ceremony as the chief guest while Chairman of the bank...

Walton gets new chairman, MD

2023-10-17 00:00:00

Electronics giant Walton Hi-Tech Industries PLC has appointed S M Shamsul Alam as its chairman, S M Ashraful Alam as vice chairman and S M Mahbubul Alam as the managing director (MD), says a press release. All of them are...

'LPG pricing needs to reflect market dynamics'

2023-10-17 00:00:00

Use of LPG has been expanding at a fast pace in Bangladesh, primarily because of its easy availability and short supply of natural gas. The growth of LPG industry, however, has not been without pains. Operators in this industry are...

FBCCI, EU seek to boost trade ties

2023-10-17 00:00:00

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and the European Union (EU) have reaffirmed their commitment to bolster trade relations between Bangladesh and the EU, reports UNB.EU Ambassador Charles Whiteley and FBCCI President Mahbubul Alam expressed their...

Five great upsets at the Cricket World Cup

2023-10-17 00:00:00

NEW DELHI, Oct 16 (AFP): Afghanistan defeated defending champions England by 69 runs at the Cricket World Cup on Sunday in the first big upset of the 2023 tournament.AFP Sports looks at five other stunning wins in the history of...

South Africa won't be 'arrogant' against Dutch at World Cup

2023-10-17 00:00:00

DHARAMSALA, India, Oct 16 (AFP): South Africa captain Temba Bavuma insists his team cannot afford to be "arrogant or loud" when they face the Netherlands in the Cricket World Cup on Tuesday, wary of the shock defeat they suffered against...

Cricket to feature at 2028 Los Angeles Olympics

2023-10-17 00:00:00

MUMBAI, Oct 16 (AFP): Cricket will feature as one of five new sports at the 2028 Olympic Games in Los Angeles.A vote of the International Olympic Committee's session in Mumbai on Monday approved the inclusion of the game's Twenty20 format,...

Bangladesh face Maldives in a do or die match today

2023-10-17 00:00:00

With a sweet memory of beating the Maldives 3-1 in the last SAFF Championship in Bengaluru last June, Bangladesh will play the Maldives again in a do or die Asian Qualification Round -1 match of the FIFA World Cup' 2026...

Liton apologises after journos removed from team hotel

2023-10-17 00:00:00

Bangladesh's star batsman, Liton Das, has expressed his regret via social media following an incident where he had journalists from Bangladesh removed from the team hotel in Pune, India, reports UNB.On Sunday, when the Bangladesh team had no scheduled practice...

Spain qualify, leave Norway on brink

2023-10-17 00:00:00

MADRID, Oct 16 (AP): Gavi's winning goal for Spain against Norway in a European Championship qualifier on Sunday will likely have been cheered as wildly in Glasgow as it was in Madrid.The Barcelona midfielder's strike at Ullevaal Stadium in Oslo...

ICC head confident of 'outstanding' World Cup despite crowd concerns

2023-10-17 00:00:00

MUMBAI, Oct 16 (AFP): International Cricket Council (ICC) chairman Greg Barclay still expects India to stage an "outstanding" World Cup despite concerns over the size and composition of crowds in the early stages of the event.Pakistan team director Mickey Arthur...

Tigers hopeful of Shakib getting fit for India clash

2023-10-17 00:00:00

Bangladesh captain Shakib Al Hasan remains in contention for Bangladesh's next World Cup match, against India on October 19, after he suffered a left quad injury in their last outing against New Zealand in Chennai. Team director Khaled Mahmud said...