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Vow to turn Walton into a top global brand by 2030

2022-10-16 00:00:00

Electronics entrepreneurs have vowed to turn Walton, the leading brand in Bangladesh, into a top global brand by 2030. They expressed the determination at a conference of electronics businessmen titled 'Meet the Partners' organised by Walton Hi-Tech Industries PLC in...

World Food Day today----

2022-10-16 00:00:00

The World Food Day-2022 will be observed in the country today (Sunday) as elsewhere in the world in a befitting manner, reports BSS.This year's theme of the day is 'Kauke Poshchatey Rekhey Noy-Valo Uthpadoney Uttom Pushti, Surokkhito Poribesh Abong Unnoto...

Sarathi, Guardian Life Insurance sign MoU

2022-10-16 00:00:00

To improve access to regular healthcare for the low-income population, 'Sarathi- Improving Financial Health', a project co-funded by Swisscontact and MetLife Foundation, has partnered with Guardian Life Insurance Limited, the biggest life insurer of Bangladesh in terms of life coverage,...

ONE Bank Ltd Managing Director Md Monzur Mofiz inaugurates the bank's sub-branch under its Halishahar

2022-10-16 00:00:00

ONE Bank Ltd Managing Director Md Monzur Mofiz inaugurates the bank's sub-branch under its Halishahar Branch on the Golondaz Road at Halishahar in the port city on Thursday. Chattogram City Corporation's Chief Accounts Officer Humaiun Kabir Chowdhury and Hakkani Group...

Roadshow in EU, Latin nations in December to draw FDI

2022-10-16 00:00:00

FE REPORTBangladesh intends to stage a roadshow in different countries, including Belgium, the Netherlands, Luxemburg, Brazil and Argentina, this December in order to attract more investments to the country, sources said.Bangladesh Investment Development Authority (BIDA), Dutch-Bangla Chamber of Commerce and...

Warner likely to return to captaincy duties in BBL

2022-10-16 00:00:00

MELBOURNE, Oct 16 (PTI): Star Australian opener David Warner could be seen returning to captaincy duties as early as in the Big Bash League (BBL) in December after the country's cricket board called for a review of its code of...

ICC T20 World Cup begins today

2022-10-16 00:00:00

MELBOURNE, Oct 15 (Agencies): The stage is set for the ICC T20 World Cup to begin on Sunday with the captains of all 16 competing teams coming together in Melbourne for the first time for the customary "Captains' Day", which...

US Treasury asks major banks if it should buy back bonds

2022-10-16 00:00:00

WASHINGTON, Oct 15 (Reuters): The US Treasury Department is asking primary dealers of US Treasuries whether the government should buy back some of its bonds to improve liquidity in the $24 trillion market.Liquidity in the world's largest bond market has...

Agrani Bank Limited Managing Director and CEO Md Murshedul Kabir attended as the chief guest a day-long

2022-10-16 00:00:00

Agrani Bank Limited Managing Director and CEO Md Murshedul Kabir attended as the chief guest a day-long workshop on 'Annual Performance Agreement (APA)' organised by Agrani Bank Training Institute (ABTI) in the city on Saturday. Rukshana Hasin and Maksuma Akter...

India festival spending booms despite inflation worries

2022-10-16 00:00:00

NEW DELHI, Oct 15 (Reuters): Indian consumers are lapping up everything from cars, houses and television sets to travel and jewellery in the festive season that began last month, according to early data, giving a fillip to growth prospects despite...

US to probe Samsung, Qualcomm, TSMC

2022-10-16 00:00:00

WASHINGTON, Oct 15 (Reuters): US regulators will investigate units of Samsung, Qualcomm and Taiwan Semiconductor Manufacturing Co. (TSMC) over certain semiconductor devices and integrated circuits and mobile devices using those components, the US International Trade Commission said on Friday.The USITC...

Sonali Bank Limited Managing Director and CEO Md Afzal Karim (centre) attended as the chief guest a

2022-10-16 00:00:00

Sonali Bank Limited Managing Director and CEO Md Afzal Karim (centre) attended as the chief guest a 'Business Discussion Meeting-2022' organised by the bank's General Manager's Office, Khulna at the District Shilpakola Academy auditorium on Saturday. Before the discussion, Sonai...

Eight BD cos participate in SIAL Paris Fair-2022

2022-10-16 00:00:00

Eight Bangladeshi reputed exporters belonging to the agro and agro-processed sector participated in a five-day SIAL Paris Fair-2022, being held in Paris, France from 15 to 19 October this year, reports BSS.Abu Mokhles Alamgir Hossain, Director of the Export Promotion...

Skill development ‘important’ for SMEs

2022-10-16 00:00:00

FE REPORT The SME entrepreneurs of the country are the main driving force of the economy and if their skill development can be ensured, the scope of employment in Bangladesh would increase. DCCI acting President Arman Haque made the observation...

Ghorasal Fertiliser Factory to go into production by 2023

2022-10-16 00:00:00

The country's largest fertiliser factory, Ghorasal Polash Urea Fertiliser Factory, is expected to go into production by the end of 2023, reports BSS.Mitsubishi Heavy Industries Limited (MHI) and China National Chemical Engineering No 7 Construction Co Ltd (CC-7) are jointly...

TSX posts lowest weekly close in 20 months

2022-10-16 00:00:00

TORONTO, Oct 15 (Reuters): Canada's main stock index fell on Friday as lower commodity prices pressured resource shares and investors weighed signs that Bank of Canada interest rate hikes are taking a toll on the domestic housing market.The Toronto Stock...

US SEC's Gensler says CFTC authority over stablecoins should be bolstered

2022-10-16 00:00:00

WASHINGTON, Oct 15 (Reuters): The US Congress should give the Commodity Futures Trading Commission more powers to police cryptocurrency stablecoins to reduce risks to the financial system, Securities and Exchange Commission Chair Gary Gensler said on Friday.Stablecoins are usually pegged...

Vodafone in advanced talks to finalise Vantage stake sale by Nov 15

2022-10-16 00:00:00

LONDON, Oct 15 (Reuters): Vodafone is speeding up talks with a handful of financial investors to sell a slice of its wireless towers unit as it hopes to agree a deal by November 15 to coincide with its half-year earnings,...

Texas Teachers' Pension to cut China target allocation

2022-10-16 00:00:00

The $184 billion Texas Teachers' pension fund is set to settle on a new emerging markets stock benchmark, a move that will cut its exposure to Chinese stocks by half, reports Reuters.Teacher Retirement System (TRS) of Texas received an approval...

China to ease share buyback rules amid sluggish market

2022-10-16 00:00:00

BEIJING, Oct 15 (Reuters): China's securities regulator said on Friday it plans to revise rules to make it easier for listed companies to buy back shares in a bid to bolster corporate value and protect investor interest.The China Securities Regulatory...

Global equity, bond funds see outflows for eighth successive week

2022-10-16 00:00:00

Global equity and bond funds faced outflows for the eighth time in a row in the week ended Oct. 12, Refinitiv Lipper data showed, undermined by worries over a recession as global interest rates surged further, reports Reuters.According to the...

News Briefs (2022-10-16)

2022-10-16 00:00:00

Board meetingsJMI Hospital Requisite Manufacturing Limited: A board meeting of the company will be held on October 25, 2022 at 3:00 PM to consider, among others, audited financial statements of the company for the year ended June 30, 2022.Index Agro...

FSIBL workshop

2022-10-16 00:00:00

First Security Islami Bank Ltd. (FSIBL) held a daylong workshop on 'Anti-Money Laundering & Combating Financing of Terrorism' for its Cumilla zone officials recently, says a statement. Managing Director Syed Waseque Md. Ali was present as the chief guest at...

Dhaka Bank arranges syndicated loan facility for Bashundhara Oil

2022-10-16 00:00:00

The financial closure ceremony of a syndicated term loan facility of Tk 9,000 million for Bashundhara Oil and Gas Company Limited was held recently at a hotel in the capital, says a statement. Dhaka Bank Limited is acting as the...

ICB AMCL posts net profit of Tk 531.1m in FY '22

2022-10-16 00:00:00

FE ReportICB Asset Management Company Ltd. (AMCL), a subsidiary of the Investment Corporation of Bangladesh (ICB), has earned a net profit of Tk 531.10 million for the year ended on June 30, 2022. The company's board of directors approved the...

Ten most-traded cos grab 38pc weekly turnover on DSE

2022-10-16 00:00:00

FE REPORTThe ten most-traded companies accounted for 37.67 per cent of the weekly market turnover on the Dhaka Stock Exchange (DSE) last week, led by Orion Pharma.The premier bourse posted a weekly turnover of Tk 48.33 billion, with these 10...

News in brief (2022-10-16)

2022-10-16 00:00:00

Man killed by cousins over land dispute JHENAIDAH, Oct 15: A man was beaten to death by his cousins over a land dispute in Khalkula village under Jhenaidah's Shailkupa upazila on Friday. The deceased has been identified as Amzad Hossain,...

Residents of Charfolkon area in Kamalnagar upazila in Laxmipur district moving the belongings

2022-10-16 00:00:00

Residents of Charfolkon area in Kamalnagar upazila in Laxmipur district moving the belongings to safer places as erosion by the Meghna River turns grim. The photo was taken on Saturday — Focus Bangla

White Cane Safety Day observed in dists

2022-10-16 00:00:00

International White Cane Safety Day-2022 was observed in the districts on Saturday with the slogan "Digital Sadachari, Nirapodey Poth Choli", reports BSS.In Sunamganj, a discussion was held in the Conference Room of the Deputy Commissioner on the occasion on Saturday...

Early Aman harvest helps farm-labourers in tackling lean period in Rangpur region

2022-10-16 00:00:00

RANGPUR, Oct 15 (BSS): Many farm-labourers are earning well from early harvest of short duration Aman paddy to lead a better life during the 'seasonal lean period' of 'Aswin' and 'Kartik' months in Rangpur agriculture region. Despite the global crises...