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China urges EU to reverse 'wrong practices' on EV tariffs

2024-06-14 00:00:00

BEIJING, June 13 (Reuters): Beijing on Thursday slammed EU tariffs on Chinese electric vehicles as protectionist behaviour and said it hoped the European bloc would correct its "wrong practices" and handle trade frictions through dialogue.The reaction from China and others...

BRAC Bank offers discounts at 1,200 outlets this Eid

2024-06-14 00:00:00

BRAC Bank is offering exciting discounts at more than 1,200 partner outlets to make this Eid-ul-Azha more enjoyable, says a press release. The bank's credit cardholders will enjoy EMI facility at 0% interest with leading refrigerator & electronic brands, discount...

STANDARD BANK HOLDS BOARD MEETING -

2024-06-14 00:00:00

The 393rd Board Meeting (Special) of Shari'ah-based Standard Bank PLC was held at its Head Office in Dhaka on Wednesday. Chairman of the Board of Directors Kazi Akram Uddin Ahmed presided over the meeting. Vice Chairman Md. Manjur Alam, Directors...

PRIME BANK SIGNS PAYROLL AGREEMENT WITH ABR-MASAFI GROUP

2024-06-14 00:00:00

Prime Bank PLC has recently signed a Payroll Banking agreement with ABR-MASAFI Group at the bank's Gulshan corporate office. Under the agreement, employees of ABR-MASAFI Group will enjoy preferential banking services, including Credit Card and Loan facilities from Prime Bank....

'EBL Skybanking Ramadan Campaign 2024' winners awarded

2024-06-14 00:00:00

Eastern Bank PLC (EBL) Area Head of Chattogram Mesbah Uddin Ahmed, Agrabad Branch Manager Anis Ahmed handing over the first prize to Touhidul Islam, winner of the 'EBL Skybanking Ramadan Campaign, recently. The 21-day long campaign was organized by the...

StanChart, Korean businesses forge paths for increased investments

2024-06-14 00:00:00

Standard Chartered, the Embassy of the Republic of Korea, Bangladesh Investment Development Authority (BIDA), Bangladesh Bank, and Korea-Bangladesh Chamber of Commerce & Industries (KBCCI) have recently organised a dialogue on 'Thrive in Bangladesh: Actionable insights and solutions for Korean businesses.'...

Review budget measures that may raise accessories production cost

FE REPORT | 2024-06-14 00:00:00

The country's garment accessories and packaging makers on Thursday expressed dissatisfaction over some measures proposed in the national budget for fiscal year 2024-25, saying that these would increase the cost of production.The measures would lead many factories towards a severe...

Red Sea attacks push 47pc more oil shipments around Africa

2024-06-14 00:00:00

HOUSTON, June 13 (Reuters): Global crude oil and oil products shipments taking the long route between Asia, the Middle East and the West is up 47 per cent since attacks began on vessels using the shorter Red Sea route, the...

FIRST SECURITY ISLAMI BANK SIGNS AGREEMENT WITH T360 TOURS

2024-06-14 00:00:00

First Security Islami Bank PLC signed an agreement with T360 Tours and Travels. As a result, the agencies of T360 Tours and Travels can instantly issue the clients tickets by using FSIB payment gateway. Syed Waseque Md. Ali, Managing Director...

NRBC BANK HOLDS 11TH AGM

2024-06-14 00:00:00

The Annual General Meeting (AGM) of NRBC Bank was held in a hybrid mode on Thursday, with Chairman S. M. Parvez Tamal in the chair. Vice Chairman Rafikul Islam Mia Arzoo, Director Mohammed Adnan Imam, A. M. Saidur Rahman, Mohammed...

MIDLAND BANK HOLDS 11TH ANNUAL GENERAL MEETING

2024-06-14 00:00:00

The 11th Annual General Meeting (AGM) of the Midland Bank PLC (MDB) was held in a hybrid mode at the Banquet Hall of Kurmitola Golf Club in Dhaka on Thursday. Chairperson of the bank Nilufer Zafarullah presided over the meeting....

UCB extends support to agri scientists

2024-06-14 00:00:00

Scientists of the Entomology Division of Bangladesh Agricultural Research Institute (BARI) are testing the efficacy of organic pesticides to ensure safe vegetable production. The United Commercial Bank PLC (UCB) has lent a hand to the scientists under its Agro-CSR project...

WB to fund jewellery skill dev programme

FE REPORT | 2024-06-14 00:00:00

The World Bank (WB) will finance a training programme for developing technical skills in the country's jewellery industry.Bangladesh Jewellers' Association (BAJ) will implement the training programme with support of the Directorate of Technical Education under the World Bank's Accelerating and...

Biman operates 29 additional flights for Eid

FE REPORT | 2024-06-14 00:00:00

Biman Bangladesh Airlines has been operating 29 additional flights to its domestic destinations across the country on the occasion of the upcoming holy Eid-ul-Azha. Of the additional flights, 20 flights are being operated before Eid during the period started from...

UAE to issue visa to workers after job confirmation

2024-06-14 00:00:00

The United Arab Emirates will issue visa for Bangladeshi workers only after confirmation of their jobs in the Gulf nation, the country's envoy said on Thursday during a meeting with Prime Minister Sheikh Hasina, reports UNB.UAE ambassador Abdulla Ali Abdulla...

SHAHADAT HOSSAIN CALLS ON BANGLADESH HIGH COMMISSIONER

2024-06-14 00:00:00

Md Shahadat Hossain, Council Member and Past President of the Institute of Chartered Accountants of Bangladesh (ICAB), Board Member of the Confederation of Asian and Pacific Accountants (CAPA) and the Director of Agrani Bank PLC, called on Md Shameem Ahsan,...

Gold trims decline after US producer prices data

2024-06-14 00:00:00

Gold prices trimmed some losses on Thursday after weaker-than-expected US producer inflation data raised hopes for two rate cuts in 2024, even as the Federal Reserve's projections called for just one cut this year, reports Reuters.Spot gold was down 0.2...

NextDecade, Saudi Aramco sign 20-yr LNG supply deal

2024-06-14 00:00:00

US liquefied natural gas (LNG) provider NextDecade has signed a non-binding agreement with Saudi Aramco to supply 1.2 million tonnes per annum (MTPA) of LNG for 20 years, the companies said on Thursday, reports Reuters.The deal comes at a time...

JANATA BANK HOLDS BRANCH MANAGERS' CONFERENCE --

2024-06-14 00:00:00

Janata Bank PLC organised Branch Managers' Conference under Dhaka North Divisional Office at its head office on Wednesday. Md Abdul Jabbar, MD & CEO of the bank, was present as the chief guest while Md. Ekramul Haque Akan, GM at...

Oil softens on Fed rate decision, ample supply outlook

2024-06-14 00:00:00

LONDON, June 13 (Reuters): Oil prices slipped on Thursday as investors digested that the US Federal Reserve had likely pushed back an interest rate cut to December and as US crude and fuel stocks rose.Brent crude futures fell 60 cents,...

News in Brief 2024-06-14

2024-06-14 00:00:00

Eight EU countries for restrictingRussian diplomats' movementROME, June 13: Eight European Union foreign ministers wrote to EU foreign policy chief Josep Borrell to call on the EU to ban Russian diplomats from moving freely around the block and restrict them...

Lebanese women smoke waterpipe on the beach

2024-06-14 00:00:00

Lebanese women smoke waterpipe on the beach in the port city of Tyre in southern Lebanon recently — AFP

Israeli forces enter deeper into Rafah

2024-06-14 00:00:00

RAFAH, June 13 (Reuters/AFP): Israeli tanks advanced deeper into the western area of Rafah, amid one of the worst nights of bombardment from air, ground, and sea, forcing many families to flee their homes and tents under darkness, residents said...

G7 eyes Ukraine funding plan at Italy summit

2024-06-14 00:00:00

BARI, June 13 (AFP): G7 leaders gather Thursday for the first day of an Italy summit, seeking to seal a deal on using frozen Russian assets to help war-torn Ukraine.Ukrainian President Volodymyr Zelensky will join US President Joe Biden and...

Buenos Aires rocked by clashes over reforms

2024-06-14 00:00:00

BUENOS AIRES, June 13 (BBC): Argentina's Senate has narrowly approved President Javier Milei's controversial economic reform package, with the vote taking place as violent clashes raged between protesters and riot police outside Congress.Demonstrators in Buenos Aires - who say the...

Tangail road crash kills two bikers

2024-06-14 00:00:00

TANGAIL, June 13 (UNB): Two motorcyclists were killed and another injured when a covered van hit the motorbike at Kadamtoli in Ghatail upazila of Tangail district on Thursday.The deceased were identified as Zahurul Islam Jewel, 48, son of Abdus Salam,...

Farmers build road voluntarily to take crops home easily

OUR CORRESPONDENT | 2024-06-14 00:00:00

CHANDPUR, June 13: After suffering acutely for a long time, farmers have built a road on their own in a remote area of Palakhal union under Kachua upazila of the district to ensure easy carrying of their harvested crops home...

Audit objections worth Tk 33.9m raised

A CORRESPONDENT | 2024-06-14 00:00:00

RAJSHAHI UNIVERSITY, June 13: Around Tk 33.9 million (3.39-crore) audit objections have been found in the sales of undergraduate first-year admission test forms in three consecutive academic years of Rajshahi University (RU).Many teachers and students have complained of irregularities and...

Mutual Trust Bank declares deal with D Money Bangladesh

2024-06-14 00:00:00

Mutual Trust Bank (MTB) has announced a new partnership deal with D Money Bangladesh for a range of digital services. The inauguration ceremony, held at MTB Centre, the bank's corporate head office in Gulshan 1, Dhaka, was attended by Syed...

IFIC to issue zero coupon bonds

FE REPORT | 2024-06-14 00:00:00

Private sector commercial bank, IFIC decided to issue zero-coupon bonds worth Tk 6 billion to raise regulatory capital, moving away from its decision to float coupon-bearing subordinated bonds. Its board of directors approved the issuance of fully redeemable, non-convertible, unsecured,...