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Japanese envoy meets Fakhrul

2022-09-19 00:00:00

Japanese Ambassador in Bangladesh Ito Naoki met BNP Secretary General Mirza Fakhrul Islam Alamgir on Sunday, a day after attacks on some leaders of the party in Dhaka and Cumilla. The meeting which started at 10 am at the BNP...

Khaleda's conditional release extended for another 6 months

2022-09-19 00:00:00

The government on Sunday decided to extend the conditional suspension of imprisonment of BNP chairperson Begum Khaleda Zia for another six months, reports BSS.Home Minister Asaduzzaman Khan Kamal told the reporters at his ministry office and said a gazette notification...

Lodging complaints with foreigners a sign of BNP's spineless politics: Quader

2022-09-19 00:00:00

Awami League (AL) General Secretary Obaidul Quader on Sunday said seeking help from embassies of different countries and lodging complaints with foreigners is a sign of BNP's spineless politics, reports BSS. "Complaining to foreigners and seeking help from various embassies...

Govt out to create anarchy through terror acts: BNP

2022-09-19 00:00:00

BNP Secretary General Mirza Fakhrul Islam Alamgir on Sunday alleged that the government is trying to create anarchy in the country by resorting to 'terror' activities and attacking peaceful programmes of opposition as part of its efforts to hang onto...

Wall Street's 'fear gauge' creeps higher

2022-09-19 00:00:00

NEW YORK, Sept 18 (Reuters): Investors' anxiety about stock market turbulence is fast approaching levels associated with heightened fear as the S&P 500 looks set to wrap up its worst weekly showing in three months.The Cboe Volatility Index - which...

Warburg eyes 30pc stake in Vistaar for $150 million

2022-09-19 00:00:00

MUMBAI, Sept 18 (Reuters): New York-based private equity firm Warburg Pincus LLC is in talks to invest around $150 million in Indian small-business lender Vistaar Finance, two sources familiar with the matter told Reuters, marking its latest bet in a...

Credit Suisse settles shareholder lawsuit over risk exposure

2022-09-19 00:00:00

NEW YORK, Sept 18 (Reuters): Credit Suisse Group AG reached a $32.5 million settlement to resolve a lawsuit accusing the Swiss bank of misleading shareholders about how well it managed risk, including its exposure to "high-risk" clients such as Archegos...

Global equity funds see fourth weekly outflow on rate hike expectations

2022-09-19 00:00:00

Global equity funds continued to record outflows in the seven days to Sept. 14 as a higher than expected reading on US inflation raised bets that the Federal Reserve would remain aggressive in raising interest rates for longer, reports Reuters....

News Briefs (2022-09-19)

2022-09-19 00:00:00

Disbursement of dividend Grameenphone Ltd: The company has disbursed the interim cash dividend for the half year ended June 30, 2022 to the respective shareholders.NCC Bank Ltd. The bonus shares of the bank for the year ended on December 31,...

Uttara Finance board meeting

2022-09-19 00:00:00

The 154th meeting of the board of directors of Uttara Finance and Investments Limited was held at the board room of the company in Dhaka recently, said a statement.Rashidul Hasan, Chairman of the company, presided over the meeting.The meeting approved...

Saudi Arabia rolls over $3.0b Pak deposit

2022-09-19 00:00:00

Saudi Arabia has confirmed renewing its $3 billion deposit with the State Bank of Pakistan for one year, the SPP announced on Sunday, reports The Express Tribune."Saudi Fund for Development (SFD) has confirmed rollover of $3bn deposit maturing on 5...

Indonesian helps orchids bloom again

2022-09-19 00:00:00

YOGYAKARTA (Indonesia), Sept 18 (AFP): Orchids in hand and a bamboo ladder on his shoulder, farmer Musimin scans the forest at the foot of Indonesia's most active volcano to point out clusters of the indigenous flowers he has been salvaging...

Tunisian 'hanging garden' farms cling on despite drought

2022-09-19 00:00:00

DJEBBA (Tunisia), Sept 18 (AFP): High in the hills of northwestern Tunisia, farmers are tending thousands of fig trees with a unique system of terracing they hope will protect them from ever-harsher droughts.But the "hanging gardens" of Djebba El Olia...

No more than 15 SIM cards under 1 NID

2022-09-19 00:00:00

Bangladesh Telecommuni-cation Regulatory Commi-ssion (BTRC) is going to deactivate additional SIM (subscriber identity module) cards of those who have more than 15 registered under a national identity (NID) card soon, reports UNB.As per the recent BTRC decision, a subscriber is...

Former chairman of Fareast Life Insurance remanded again

2022-09-19 00:00:00

A Dhaka court placed former chairman of Fareast Islami Life Insurance Co Ltd Md Nazrul Islam on four-day fresh remand on Sunday in a case lodged for embezzling depositors' money, reports BSS.Dhaka Metropolitan Magistrate Shahidul Islam passed the order as...

Regional and Branch managers business review meeting of Chattogram division of Karmasangsthan Bank held

2022-09-19 00:00:00

A business review meeting with the participation of regional managers and branch managers under the Chattogram division of Karmasangsthan Bank and a view-exchange meeting with the bank stakeholders were held on Sunday at a hotel in the port city. Managing...

AGM of DMCB for financial year 2021-2022 held

2022-09-19 00:00:00

An annual general meeting (AGM) of the Dhaka Mercantile Co-operative Bank (DMCB) for the financial year 2021-2022 was held at Army Golf Club, Dhaka Cantonment, Dhaka on Sunday. Chairman of the bank Khairul Ahmed presided over the meeting. Group Captain...

Janata Bank's branch managers' conference for Sylhet division held

2022-09-19 00:00:00

Managing Director and CEO of Janata Bank Md Abdus Salam Azad speaks as the chief guest at the branch managers' conference for Sylhet division held at a hotel in Sylhet on Friday

UCB expands banking network:

2022-09-19 00:00:00

The United Commercial Bank Limited (UCB) opened its 220th branch at Sreemangal, Moulvibazar, on Sunday. Arif Quadri, Managing Director & CEO of the bank, along with other high officials inaugurated the Sreemangal Branch as the chief guest.

Mercantile Bank's Banani Branch at new location:

2022-09-19 00:00:00

 The Banani Branch of Mercantile Bank Limited has been shifted to its own space recently. Chairman of the bank Morshed Alam, MP, virtually inaugurated the branch in its new location as the chief guest while Managing Director & CEO Md...

ICCB Banking Commission meeting discusses future programme

2022-09-19 00:00:00

A meeting of the ICC Bangladesh Banking Commission was held recently to discuss the future programme of the Commission for building capacity of the banking sector officials of the country, says a statement. At the meeting, the Commission decided to...

IBS, once air pollutant, turns forex earner

NAZIMUDDIN SHYAMOL | 2022-09-19 00:00:00

CHATTOGRAM, Sept 18: Industrial black smokes - carbon and zinc-mixed air once known as environment pollutant as chimneys of steel and other metal making factories had been emitting those regularly into the air only a decade ago, has now become...

Orion Infusion stock price jumps to record high sans PSI

FE REPORT | 2022-09-19 00:00:00

Orion Infusion has been witnessing an 'abnormal' price surge and increased volume of share transactions, as its price closed at a record high of Tk 508.20 each on the Dhaka Stock Exchange (DSE) on Sunday.Share prices of the company jumped...

Stocks post modest gains, turnover jumps 46pc

FE REPORT | 2022-09-19 00:00:00

Stocks closed higher on Sunday, extending the gaining streak for a second consecutive session, as buoyant investors put fresh bets on selective stocks ahead of the dividend season for June-closing companies.The Dhaka Stock Exchange (DSE) opened higher and the key...

Power cuts to plunge S.Africa into darkness

2022-09-19 00:00:00

JOHANNESBURG, Sept 18 (AFP): Africa's most industrialised economy South Africa is again facing sweeping power cuts, caused by failures at ageing and poorly maintained infrastructure, the nationalised utility company said Sunday.The boss of state-owned Eskom Andre de Ruyter announced "a...

Steep Fed rate hike seen as certainty after ugly inflation data

2022-09-19 00:00:00

WASHINGTON, Sept 18 (AFP): The Federal Reserve is poised to unleash another massive interest rate increase this week after the latest data showed a worrying US inflation picture, which confirmed the need for the central bank to continue to act...

Bengal Commercial Bank and Trust Bank signed a sub-correspondent agreement

2022-09-19 00:00:00

Bengal Commercial Bank and Trust Bank signed a sub-correspondent agreement recently. Under the agreement, Bengal Commercial Bank's clients can send remittance to any branches of the bank through Ria Money Transfer. Tarik Morshed, managing director and CEO of Bengal Commercial...

ONE Bank training:

2022-09-19 00:00:00

ONE Bank Limited arranged a two-day training programme on 'Prevention of Money Laundering and Combating Financing of Terrorism' recently for the employees of the bank's Chattogram Zone. ABM Saif Sarwar, Additional Deputy Managing Director & CAMLCO of ONE Bank, delivered...

$25.62m new investment in Dhaka EPZ

2022-09-19 00:00:00

Hong Kong-Sri Lanka-Switzerland owned company Ms Gava Private Limited is going to establish a garments manufacturing industry in Dhaka EPZ, reports BSS.This fully foreign owned company will invest US$ 25.62 million where 3086 Bangladeshi nationals will get employment opportunities, said...

StanChart, LankaBangla Securities co-create real-time fund deposit in BO account

2022-09-19 00:00:00

Standard Chartered Bangladesh and LankaBangla Securities Limited (LBSL) have launched the nation's first ever digital collection solution for clients with real time reconciliation through Application Programming Interface (API) integration, says a press release. This newly-introduced digital platform will enable capital...