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Weather (2022-10-13)

2022-10-13 00:00:00

Light to moderate rain/thunder showers accompanied by temporary gusty wind and lightning flashes is likely to occur at many places over five divisions until 6:00 pm today (Thursday), according to Met office.Day and night temperature may remain nearly unchanged over...

Obaidul Huq's 15th death anniv today

2022-10-13 00:00:00

The 15th death anniversary of veteran journalist Obaidul Huq will be observed today (Thursday), says a statement. Obaidul Huq, the editor of the now-defunct The Bangladesh Observer from 1972-84 when it was the largest circulated English daily in Bangladesh and...

HC upholds death of five in journo Aftab killing case

FE REPORT | 2022-10-13 00:00:00

The High Court on Wednesday upheld the death sentence of five persons for killing Ekushey Padak recipient photojournalist Aftab Ahmed in 2013. It also upheld the trial court verdict that sentenced another accused to seven years' imprisonment in this case.The...

Access to climate data crucial to innovative solutions: Experts

FE REPORT | 2022-10-13 00:00:00

Experts on Wednesday urged to make climate data accessible as it is crucial for resilient development and creating a path for transformative and integrated collaboration in the Hindu Kush-Himalaya region. They made the call at a two-day regional conference, titled...

Chowdhury Abdullah Al Mamun adorned with IGP Rank Badge in presence of Prime Minister Sheikh Hasina

2022-10-13 00:00:00

Home Minister Asaduzzaman Khan and Senior Secretary of the Public Security Division under the Ministry of Home Affairs Md Akhtar Hossain adorn Chowdhury Abdullah Al Mamun with the IGP Rank Badge in presence of Prime Minister Sheikh Hasina at her...

Make changes in duty structure to drive out fake cosmetics

FE REPORT | 2022-10-13 00:00:00

Cosmetics importers on Wednesday suggested brining a change in the duty structure that, according to them, has been encouraging many traders for adulteration.They cited the 'minimum value' provision of the authorities to levy VAT and taxes on imported beauty products...

20th session of 11th JS begins Oct 30

2022-10-13 00:00:00

The 20th session of the 11th Jatiya Sangsad (JS) will begin on October 30, reports BSS. President Md Abdul Hamid convened the session exercising the power bestowed upon him as per the Clause (1) of Article 72 of the Constitution,...

30 injured as BNP motorcade attacked

2022-10-13 00:00:00

FENI, Oct 12 (UNB): At least 30 people suffered injuries after unidentified assailants attacked a motorcade of the Bangladesh Nationalist Party (BNP) that was heading towards Chattogram to take part in a much-hyped divisional rally on Wednesday.Akbar Hossain, president of...

BNP's propaganda fails as B'desh reelected UNHRC member: Hasan

2022-10-13 00:00:00

Information and Broadcasting Minister Dr Hasan Mahmud on Wednesday said the propaganda of BNP and anti-country forces was proved false since Bangladesh has been reelected as a member of the United Nations Human Rights Council (UNHRC) with a huge margin,...

Democracy couldn't be restored until AL govt unseated: Fakhrul

2022-10-13 00:00:00

CHATTOGRAM, Oct 12 (UNB): Accusing the government of turning Bangladesh into a crematorium, BNP leaders on Wednesday said removing the ruling Awami League from power was the only option to restore democracy in the country."We fought the War of Liberation...

Playing with fire will result in bad consequences

2022-10-13 00:00:00

Awami League (AL) General Secretary and Road Transport and Bridges Minister Obaidul Quader on Wednesday warned BNP leaders that the consequences of playing with fire will not be good, reports BSS.He issued the warning while speaking at a briefing at...

Indian shares snap 3-day losses as banks gain

2022-10-13 00:00:00

BENGALURU, Oct 12 (Reuters): Indian shares ended higher on Wednesday, snapping a three-session losing streak, as bank and energy stocks gained ahead of domestic retail inflation data release that will be key to gauge interest rate outlook.The NSE Nifty 50...

TikTok owner ByteDance increases price of stock option buyback

2022-10-13 00:00:00

BEIJING, Oct 12 (Reuters): TikTok's Chinese owner ByteDance is initiating a second stock option buyback for employees this year at a higher price than the previous one to try and motivate staff amid slowing growth and uncertainty over a plan...

UK watchdog tells pension funds to focus on building buffers

2022-10-13 00:00:00

LONDON, Oct 12 (Reuters): Britain's financial watchdog told pension funds on Wednesday to "really focus" on building up liquidity in their liability-driven investment (LDI) strategies before the Bank of England ends support for the government bond market on Friday.UK government...

Credit Suisse shares fall on US probe report

2022-10-13 00:00:00

ZURICH, Oct 12 (AFP): Credit Suisse shares tumbled again on Wednesday following a report of a US investigation into whether Switzerland's second-biggest bank continued to help clients evade taxes after a 2014 settlement deal.Just after 0900 GMT, shares were down...

Global equity markets fall sharply

2022-10-13 00:00:00

LONDON, Oct 12 (Reuters): Global equity markets have fallen sharply on Wendesday in recent sessions, hurt by heightened fears about an economic slowdown amid warnings from the International Monetary Fund and World Bank.European stock markets struggled to recover from recent...

News Briefs (2022-10-13)

2022-10-13 00:00:00

Board meetingsZahintex Industries Ltd: A board meeting of the company will be held on October 27, 2022 at 4:00 PM to consider, among others, audited financial statements of the company for the year ended June 30, 2022.Matin Spinning Mills Ltd:...

AB BANK OPENS AGENT BANKING OUTLET:

2022-10-13 00:00:00

AB Bank recently inaugurated its 177th Agent Banking Outlet at Chattogram IT Village Kashiaish in Patiya, Chattogram. Whip and Member of Parliament from Patiya Shamsul Haque Chowdhury, Upazila Parishad Chairman, AB Bank CDA Avenue Branch Officials and local dignitaries were...

ICB CAPITAL MANAGEMENT AWARDED:

2022-10-13 00:00:00

 ICB Capital Management Limited won the first prize in 'Merchant Banker' category at the 'Golden Jubilee of Independence Award-2021' ceremony organised by Bangladesh Securities and Exchange Commission recently. LGRD Minister Md Tajul Islam, BSEC Chairman Prof Shibli Rubayat-Ul-Islam, Chairman of...

BANK ASIA OPENS ATM BOOTH FOR WOMEN:

2022-10-13 00:00:00

 Bank Asia has opened the country's first women-only ATM booth in Keraniganj on the outskirts of the capital city, aiming to encourage women's access to digital transactions and improve financial management. Adil Chowdhury, President & Managing Director (CC) of the...

Oil falls as strong dollar and recession fears weigh

2022-10-13 00:00:00

Oil futures fell on Wednesday as a gloomy economic outlook and a strong dollar outweighed supply concerns stemming from last week's OPEC+ cut to its production target, reports Reuters.Brent crude futures were down $1.42, or 1.5 %, at $92.87 a...

Lanka wants loans as poor nation, status as 'middle-income'

2022-10-13 00:00:00

Sri Lanka will remain a middle-income country but request the World Bank to grant it some loans generally offered to poorer nations, the president's office said on Tuesday, clarifying a cabinet spokesperson's earlier comments on the matter, report agencies.The island...

Reg of e-commerce firms to bring discipline

2022-10-13 00:00:00

In the wake of some undesirable incidents involving online business firms, the Commerce Ministry took up an initiative to bring discipline in the e-commerce sector and create a credible atmosphere between sellers and buyers through Digital Business Identification Registration, says...

BGFCL signs contract with consortium

2022-10-13 00:00:00

A contract has been signed between Bangladesh Gas Fields Company Limited (BGFCL) and the Consortium of Zicom Equipment Pte. Ltd. Singapore & AG Equipment Company, USA on Wednesday on Turnkey-EPC Engineering, Procurement, Construction, Testing and Commissioning including one-year joint operation...

Bangladeshi manufacturers to join Dutch Design Week 2022

2022-10-13 00:00:00

For the first time in Europe, Bangladeshi manufacturers and entrepreneurs will be present at the prestigious #DDW2022 in Eindhoven, Netherlands, reports UNB.Every year, hundreds of designers, innovators converge at the largest design event in Europe where emerging trends in design,...

BSEC names 11 best capital mkt stakeholders

2022-10-13 00:00:00

The stock market regulatory body, Bangladesh Securities and Exchange Commission (BSEC), has awarded 11 institutions the 'Golden Jubilee Award of Freedom' for best performance as capital market stakeholders for last year, reports UNB.Among the institutions, BSEC itself got the best...

MTB bond gets BSEC nod

FE REPORT | 2022-10-13 00:00:00

The securities regulator has approved the proposed Tk 5.0-billion subordinated bond issuance of the Mutual Trust Bank (MTB). The Bangladesh Secu-rities and Exchange Commission (BSEC), at a meeting on Wednesday, approved the MTB's proposal of raising a fund of Tk...

Update rules to build robust startup ecosystem

FE REPORT | 2022-10-13 00:00:00

Speakers at a webinar suggested updating the existing rules and regulations to build a robust startup ecosystem in the country.They also called for providing support for the start-ups, saying that the country's maturing startup hotspot has started drawing international attention.The...

Stocks bounce back from sharp selloffs

FE REPORT | 2022-10-13 00:00:00

The benchmark equity index rebounded on Wednesday from heavy selling in the previous two sessions, with major sectors playing the market-supportive role.Some selective stocks saw increased participation of investors, which drove the key DSEX index of Dhaka Stock Exchange (DSE)...

Suu Kyi's prison term extended to 26 years

2022-10-13 00:00:00

BANGKOK, Oct 12 (AP): A court in military-ruled Myanmar convicted the country's ousted leader, Aung San Suu Kyi, on two more corruption charges Wednesday, with two three-year sentences to be served concurrently, adding to previous convictions that now leave her...