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UNION BANK CAMPAIGN ON 'DIGITAL TRANSACTIONS'

2024-06-10 00:00:00

Financial Literacy Wing of Shariah-based Union Bank PLC has organised a campaign on 'Use and Benefits of Digital Transactions' at Ukhiya Branch of the bank in Cox's Bazar recently. SVP and Head of Branches Operation & Control Division and Financial...

ABTI holds a day-long training on 'Suit Management'

2024-06-10 00:00:00

Agrani Bank Training Institute (ABTI) arranged a day-long training course on 'Suit Management' in Dhaka on Sunday. Md Mushedul Kabir, CEO of Agrani Bank PLC, inaugurated the programme and conducted a session. ABTI Director and Deputy Managing Director Md Rajaul...

Janata Banks holds Branch Managers' Conference

2024-06-10 00:00:00

Janata Banks arranged Branch Managers' Conference in Rajshahi on Friday. The bank's MD Md Abdul Jabbar delivered a speech as the chief guest. Arun Prakas Biswas, general manager of Rajshahi Divisional Office of the bank, presided over the programme. The...

WORKSHOP ON 'INTEGRITY ACTION PLAN'

2024-06-10 00:00:00

Sonali Bank PLC Chief Executive Officer Md Afjal Karim speaks at a workshop on 'Integrity Action Plan' at Bangladesh Institute of Capital Management auditorium in Dhaka on Sunday. The Financial Institutions Division (FID) of the Finance Ministry organised the workshop...

WORLD ACCREDITATION DAY RALLY

2024-06-10 00:00:00

Bangladesh Accreditation Board held a colourful rally at Motijheel in Dhaka on Sunday, marking the 'World Accreditation Day 2024'. Zakia Sultana, Senior Secretary, Ministry of Industries, led the rally. Director General of Bangladesh Accreditation Board Md Anwarul Alam joined the...

IPDC FINANCE OBSERVES WORLD ENVIRONMENT DAY

2024-06-10 00:00:00

IPDC Finance observed the World Environment Day 2024 by spearheading a nationwide tree plantation drive, which included distribution and plantation of various kinds of plants across Bangladesh. The distribution and plantation activities took place across multiple locations, from urban centres...

MIDLAND BANK SIGNS MOU WITH MANA BAY WATER PARK

2024-06-10 00:00:00

Midland Bank PLC (MDB) signed an MoU with Mana Bay Water Park, one of the most exciting water park in Bangladesh. Salim Khan Surattee, Assistant Vice President of Mana Bay Water Park, and Md Rashed Akter, Head of Retail Distribution...

Shahidullah new CEO of Crystal Ins Co

2024-06-10 00:00:00

SM Shahidullah has been appointed as the Chief Executive Officer (CEO) of Crystal Insurance Company Limited (CICL), says a press release. Mr. Shahidullah started off his career at Eastland Insurance Company Limited in 1989 and later worked with several other...

GPH ispat hosts seminar in Rajshahi

2024-06-10 00:00:00

GPH ispat Ltd held a seminar titled 'Country's only high strength and high performing steel GPH Quantum B600C-R & B600D-R: Improving earthquake resilience' for structural engineers at a convention hall at Rajshahi recently, says a press release.The seminar covered a...

Norway wealth fund to vote against Musk's $56 billion Tesla pay package

2024-06-10 00:00:00

OSLO, June 8 (Reuters): Norway's $1.7 trillion sovereign wealth fund said on Saturday it will vote against ratifying Tesla CEO Elon Musk's $56 billion pay package, which is up for a shareholder vote next week, after a Delaware judge invalidated...

Saudi Aramco shares trade higher after share offering

2024-06-10 00:00:00

DUBAI, June 9 (Reuters) - Saudi Aramco's shares gained on Sunday, the first trading day after a secondary share offering expected to raise at least $11.2 billion.The shares opened at 27.95 riyals a share, after closing the previous session on...

Walmart opposes New York plan to add panic buttons to stores

2024-06-10 00:00:00

BENTONVILLE, Arkansas June 8 (Reuters) : Retail giant Walmart says it is against putting panic buttons in stores - a move that the New York legislature wants to require under a new law aimed at keeping retail workers safe.On Friday,...

Islami Bank inaugurates Badarganj Branch in Rangpur

2024-06-10 00:00:00

Islami Bank Bangladesh inaugurated its 395th branch at Badarganj of Rangpur on Sunday (June 9, 2024). Mohammed Monirul Moula, managing director of the bank, inaugurated the branch as chief guest. Ahsanul Haque Chowdhury Tutul, mayor of Badarganj municipality; Muhammad Qaisar...

Prime Bank Signs deal with Evercare Hospital

2024-06-10 00:00:00

Prime Bank, a leading second generation local commercial bank in Bangladesh, has recently signed an agreement with Evercare Hospital Dhaka at the bank's Gulshan corporate office. Under the agreement, Evercare Hospital will provide special healthcare packages to priority customers of...

PREMIER BANK HOLDS WORKSHOP ON PREVENTION OF MONEY LAUNDERING

2024-06-10 00:00:00

Premier Bank as the lead bank recently organised a daylong workshop on "Prevention of Money Laundering and Combating the Financing of Terrorism" under a programme of Bangladesh Financial Intelligence Unit (BFIU) for the officials of commercial banks operating in Sirajganj...

BSEC allows two IT cos to raise capital through QIOs

FE REPORT | 2024-06-10 00:00:00

The capital market watchdog allowed two IT companies to collect Tk 100 million as capital by issuing common shares to the stock market.Among the two companies, Brain Station 23 is engaged in software development, web hosting and related services, IT...

Directors, brokers fined for stock manipulation, rules violation

FE REPORT | 2024-06-10 00:00:00

The stock market regulator has fined four individual investors, a company's chairman & directors and two brokerage firms Tk 8.30 million in total for violating the securities rules and manipulating stock prices.The Bangladesh Securities and Exchange Commission (BSEC) slammed the...

Dhaka bourse plunges to 39-month low as budget reinforces pessimism

FE REPORT | 2024-06-10 00:00:00

The first trading session after the placing of the FY25 budget in parliament dragged the prime index to a fresh 39-month low of 5,171 points as pessimism heightened about the equity market. The budgetary measures, market operators say, failed to...

Italy's Olympic champion Jacobs retains European 100m crown

2024-06-10 00:00:00

ROME, June 9 (AFP): Italy's Olympic champion Marcell Jacobs retained his European 100m crown in Rome on Saturday in the perfect tonic for the upcoming Paris Games.Jacobs timed a season's best of 10.02 seconds to claim gold. Italian teammate Chituru...

Swiatek crushes Paolini to win third French Open title in row

2024-06-10 00:00:00

PARIS, June 09 (AFP): Poland's Iga Swiatek extended her French Open reign on Saturday as she thrashed Jasmine Paolini 6-2, 6-1 in the final to win a third successive Roland Garros title.World number one Swiatek dominated Italian 12th seed Paolini,...

News in Brief 2024-06-10

2024-06-10 00:00:00

Seoul to restart anti-Pyongyang broadcastsin retaliation to North's trash balloonsSEOUL, June 09: South Korea announced Sunday it would resume anti-North Korean propaganda loudspeaker broadcasts in border areas in retaliation to the North sending over 1000 balloons filled with trash and...

Mexico heat wave: Birds get air-conditioning

2024-06-10 00:00:00

MEXICO CITY, June 09 (AP): Amid Mexico's heat wave and drought, suffering birds are getting air-conditioning and monkeys with heatstroke are being rescued by non-governmental groups.The government, meanwhile, has been more preoccupied with cooling down animals at state-run zoos, giving...

Attack on Danish PM not 'politically motivated'

2024-06-10 00:00:00

COPENHAGEN, June 09 (AFP): Danish authorities said Saturday that an attack on Prime Minister Mette Frederiksen, which she said left her "shaken" but "fine", was not thought to be politically motivated.A 39-year-old Polish man, apprehended after hitting the prime minister...

S Arabia clears Makkah of over 300,000 unregistered pilgrims

2024-06-10 00:00:00

RIYADH, June 09 (AFP): Saudi Arabia said on Saturday that security forces had cleared hundreds of thousands of unregistered pilgrims from Makkah ahead of the hajj which begins next week.Crowd management is a major concern during the annual pilgrimage, one...

European Parliament poised for rightward shift

2024-06-10 00:00:00

ROME, June 09 (Reuters): Voters in 21 EU countries including France and Germany will conclude a four-day election for the European Parliament on Sunday, which is expected to shift the assembly to the right and boost the numbers of eurosceptic...

One killed by lightning strike in Habiganj

2024-06-10 00:00:00

HABIGANJ, June 09 (BSS): A man was killed by lightning strike at Baniachang upazila of the district here on Sunday noon.The deceased was identified as Liton Mia, 24, hailed from Eralia village in the upazila.

Khulna road crashes kill two

2024-06-10 00:00:00

KHULNA, June 09 (UNB): Two people were killed and two others sustained injuries in a head-on collision between a passenger bus and a private car in Khulna on Sunday.The accident occurred around 2:30pm in Mecha-ghona area of Dumuria on the...

Flood hits Sylhet roads

OUR CORRESPONDENT | 2024-06-10 00:00:00

SYLHET, June 09. Flooding has hit hard the road network in the district and adjoining areas, causing immense sufferings for general people.Although the floodwater has started to recede from most places of the upazilas in the district, the overall flood...

Special mango train starts operation today

OUR CORRESPONDENT | 2024-06-10 00:00:00

RAJSHAHI, June 09: The Bangladesh Railway is set to launch a special mango train from Chapainawabganj to Dhaka for the fifth time today (Monday) in order to transport mangoes at a low cost. Despite incurring a loss of Tk20 million...

A brief note on FY25 fiscal measures

Fahmida Khatun, Mustafizur Rahman, Khondaker Golam Moazzem, Towfiqul Islam Khan, Muntaseer Kamal and Syed Yusuf Saadat | 2024-06-10 00:00:00

In the national budget for the fiscal year 2024-25 (FY25), some changes proposed to provide relief to low & middle-income groups, and to impose higher rates of taxes to high income groups. Retrospective to prospective tax system introduced for proper...