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It's mockery to buy EVMs with Tk 87.11m: Fakhrul

2022-09-22 00:00:00

BNP Secretary General Mirza Fakhrul Islam Alamgir on Wednesday described the Election Commission's (EC's) project to buy two lakh more electronic voting machines (EVMs) as a mockery with the nation, reports UNB."You see what kind of mockery is happening with...

BNP again trying to create violence on streets: Quader

2022-09-22 00:00:00

Awami League General Secretary Obaidul Quader on Wednesday said BNP is again trying to create violence and terrorist acts on streets in the name of movement."These days, along with bamboo sticks, the national flag is being seen in the hands...

Indian shares end lower -----

2022-09-22 00:00:00

BENGALURU, Sept 21 (Reuters): Indian shares ended lower after a choppy Wednesday session, as Russia's escalation of the conflict in Ukraine further soured sentiment of investors already bracing for a super-sized interest rate hike by the Federal Reserve. The NSE...

Tencent Music shares open at HK$18 each in HK debut

2022-09-22 00:00:00

HONG KONG, Sept 21 (Reuters): China's Tencent Music Entertainment Group shares started trading at HK$18 ($2.29) each in the company's Hong Kong listing debut on Wednesday.The online music company announced last week that while New York would remain its primary...

Asia's macro hedge funds get ready for end of yen weakness

2022-09-22 00:00:00

HONG KONG, Sept 21 (Reuters): Asia macro hedge fund managers, many of whom posted strong returns this year, are betting the Japanese yen's unrelenting slide will end soon and some are even priming for a possible tumble in Japanese government...

World stocks fall as Russia threats add to Fed jitters

2022-09-22 00:00:00

LONDON, Sept 21 (Reuters): Stocks fell, while safe havens such as government bonds and the dollar rose, as anxious investors fled risk assets after Russian President Vladimir Putin on Wednesday ordered a mobilisation over Ukraine and accused the West of...

News Briefs (2022-09-22)

2022-09-22 00:00:00

Mercantile Bank opens 25 Agent Banking outletsMercantile Bank Limited launched 25 more 'Agent Banking' outlets across the country to provide basic banking services to the unbanked population of the country. Bank's Managing Director & CEO Md Quamrul Islam Chowdhury inaugurated...

Agreement for Corporate Advisory and Issue Management Services signed between ILFSL and SBCML

2022-09-22 00:00:00

An agreement for Corporate Advisory and Issue Management Services was signed between International Leasing and Financial Services Limited (ILFSL) and Sonar Bangla Capital Management Limited (SBCML) at ILFSL Head Office in the city on Wednesday. Md Mashiur Rahman, Managing Director...

Celebration of Malaysia:

2022-09-22 00:00:00

 GD Assist, the first healthcare and medical value travel management company in Bangladesh and the official representative of Malaysia Healthcare Travel Council (MHTC) in Bangladesh, has recently organised an event entitled 'Celebration of Malaysia' in Dhaka on the occasion of...

Loans for CMSME entrepreneurs:

2022-09-22 00:00:00

 IFIC Bank distributed loans to 2500 CMSME entrepreneurs across the country through all its branches and sub-branches on Tuesday. On the occasion, an inaugural programme titled 'Glorious Journey of CMSME Loan Refinancing Scheme Distribution' was held at the IFIC Tower...

Midland Bank gets BSEC nod to raise Tk 700m

FE REPORT | 2022-09-22 00:00:00

Midland Bank has received the regulatory approval to raise a fund of Tk 700 million from the capital market through initial public offering (IPO).The Bangladesh Securities and Exchange Commission (BSEC) approved the bank's IPO proposal at a meeting held at...

BSEC trying to boost investor confidence in MFs: Prof Shibli

FE REPORT | 2022-09-22 00:00:00

The securities regulator has been implementing a series of reforms in its efforts to restore investor confidence in the mutual funds (MFs).Chairman of Bangladesh Securities and Exchange Commission (BSEC) Prof. Shibli Rubayat-Ul-Islam said this at an event titled 'Ring the...

Stocks succumb to profit taking -

FE REPORT | 2022-09-22 00:00:00

Stocks nosedived on Wednesday, a day after the market saw a single-day highest turnover in one year, as profit-taking by jittery investors continued to dominate the market for a second day.The market witnessed see-saw trading throughout the session as investors...

ONE Bank signed MoU with CASHe Alliance

2022-09-22 00:00:00

ONE Bank Limited recently signed an MoU with CASHe Alliance Limited for introducing digital lending. Under the MoU, ONE Bank will be able to offer a digital loan facility leveraging embedded lending technology of CASHe and OK Wallet platform. Managing...

BRAC Bank Agent Banking reaches out to tea workers at Habiganj hills

2022-09-22 00:00:00

BRAC Bank has reached out to the tea workers of Habiganj hills as part of its continued pursuit to bring the unbanked people under the banking umbrella, says a press release. An Agent Banking team recently organised an 'Uthan Boithak',...

BD, Japan, IFAD partner to bring smallholder farmers closer to international markets

2022-09-22 00:00:00

The United Nations International Fund for Agricultural Development (IFAD) and Grameen Euglena, a joint venture between Japan's Euglena Co Ltd and Bangladesh's Grameen Krishi Foundation, are collaborating on an initiative that supports smallholder farmers to cultivate mung beans. This high-value...

JMI Group celebrates World Peace Day

2022-09-22 00:00:00

International Day of Peace-2022, declared by the United Nations, has been celebrated in the capital with colourful arrangements, says a press release. JMI Group has celebrated the day with due dignity like every year keeping in mind the motto of...

Reg for Shera Radhuni contest begins

2022-09-22 00:00:00

Square Food and Beverage Limited brand Radhuni's popular show 'Shera Radhuni' is coming with a new season, says a press release. Registration for the 7th season of 'Shera Radhuni 1429' has started with the slogan "Become a bright star in...

WB Vice President reiterates continued support

2022-09-22 00:00:00

The World Bank's new Vice President for South Asia Martin Raiser concluded his first visit to Bangladesh on Wednesday and reaffirmed the World Bank's continued support for the country's green, resilient and inclusive growth, reports BSS."Bangladesh is a development success...

Japanese investments sought

OUR CORRESPONDENT | 2022-09-22 00:00:00

CHATTOGRAM, Sept 21: Businesses in the port city have urged Japanese organisations and entrepreneurs to invest in Bangladesh's different sectors including ICT, food processing, automobiles, technology and knowledge transfer. The call came during a views-exchange meeting between leaders of the...

Handicraft makers get new president

FE REPORT | 2022-09-22 00:00:00

The Bangladesh Handicraft Manufacturers and Exporters Association has got a new committee with Salim Uddin Haider as its president. Fawzia Amin Nina has been elected senior vice-president while Maj (retd) Kamrul Islam vice-president and Md Jul Hossain Jani treasurer.They were...

Ensure proper use of lands in EZs: BEZA EC

FE REPORT | 2022-09-22 00:00:00

Bangladesh Economic Zones Authority (BEZA) Executive Chairman (EC) Shaikh Yusuf Harun urged the investors on Wednesday to ensure proper use of the lands, allocated to them in different economic zones (EZs), as per the signed agreements.Some investors are properly developing...

Uber BD in place of Rasier

ISMAIL HOSSAIN | 2022-09-22 00:00:00

Uber Bangladesh Ltd (UBL) has been appointed as the lead generation service for its ride-sharing operations in the country as Dutch firm Rasier Operations BV left the charge in August.The transfer of the charge to the app-based ride-hailing giant's operations...

Germany signs deal to nationalise gas giant Uniper: Finnish owner

2022-09-22 00:00:00

HELSINKI, Sept 21 (AFP): The German government has signed a deal to nationalise troubled gas giant Uniper, the company's Finnish owner said Wednesday, as the energy sector reels from the fallout of Russia's war in Ukraine.Fortum said in a statement...

Aluminium falls to 18-month low as markets brace for US rate rise

2022-09-22 00:00:00

LONDON, Sept 21 (Reuters): Aluminium prices fell on Wednesday to their lowest since March 2021 as markets braced for another hefty U.S. interest rate rise that will suppress economic growth.Rising rates helped boost the dollar to a 20-year high, pressuring...

UK plans to pay half of business energy bills

2022-09-22 00:00:00

LONDON, Sept 21 (AFP): Britain on Wednesday unveiled a six-month plan starting in October to pay about half of energy bills for businesses, as Prime Minister Liz Truss targets the soaring cost of living.The announcement comes ahead of a mini-budget...

TVS Motor launches TVS Apache RTR 160 2V in local market

2022-09-22 00:00:00

TVS Motor Company, a reputed manufacturer of two-wheelers and three-wheelers in the world, announced on Wednesday the launch of TVS Apache 160 2V with ABS (Anti-lock Braking System) in Bangladesh, says a press release. The new generation ABS unit on...

Oil gives up gains as soaring US dollar offsets Putin's troop mobilisation

2022-09-22 00:00:00

NEW YORK, Sept 21 (Reuters): Oil prices gave up early gains on Wednesday as a soaring dollar and global recession fears offset worries about a Russian military mobilization.A big increase in U.S. crude stocks could also weaken oil prices. Analysts...

News in brief (2022-09-22)

2022-09-22 00:00:00

Volunteer guard killed in attack at Rohingya refugee campA volunteer guard at a Rohingya refugee camp in Cox's Bazar's Ukhiya has been shot and hacked to death by a group of assailants. The incident occurred at the H-51 Block of...

Two bikers killed in Barishal road accident

2022-09-22 00:00:00

BARISHAL, Sept 21 (UNB): Two young men on a bike were killed in a head-on collision with a speeding bus in the Nimtala area of Bakerganj upazila on Wednesday morning.The dead are Nazmul Mallick (20), son of Nanna Mallick and...