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Retail trade rules services sector

JASIM UDDIN HAROON | 2022-09-15 00:00:00

Retail trade still rules the roost in Bangladesh's transitional economy with the highest gross value addition (GVA) worth Tk 2.087 trillion or nearly 63 per cent.A latest publication of Bangladesh Bureau of Statistic (BBS) shows that the GVA of wholesale...

India visit: Decisions taken to benefit both sides, says PM

2022-09-15 00:00:00

Prime Minister Sheikh Hasina on Wednesday said the people of the country will definitely vote for Awami League in the next general election for continuation of the present development spree, reports UNB."I firmly believe that people will definitely vote for...

Seaports' capacity to boom on megaprojects

MIR MOSTAFIZUR RAHAMAN | 2022-09-15 00:00:00

Bangladesh's port sector is in the cusp of massive expansion that prompts stakeholders to suggest bigger private-sector involvement to ensure efficiency in operation of the seaports.Some of the ventures involve megaprojects undertaken with foreign investment, with the aim of tapping...

Weather (2022-09-15)

2022-09-15 00:00:00

Light to moderate rain/thunder showers accompanied by temporary gusty/squally wind is likely to occur at most places over Rangpur, Rajshahi, Dhaka, Mymensingh, Khulna, Barishal, Chattogram & Sylhet divisions with moderately heavy to very heavy falls at places over the country...

'Quantum a faithful place to blood donors, recipients'

2022-09-15 00:00:00

Voluntary organisation Quantum Foundation has become a place of trust to both blood donors and recipients, said Health Services Division Secretary Dr Md Anwar Hossain Howlader, reports BSS.He was addressing as the chief guest a blood donor honouring ceremony arranged...

Hawkers' bid to reoccupy Gulistan roads, footpaths

FE REPORT | 2022-09-15 00:00:00

Some hawkers were seen selling goods on the roads and footpaths in the city's Gulistan area on Wednesday. Earlier, the Dhaka South City Corporation (DSCC) evicted the hawkers from the Gulistan area on Tuesday to keep smooth vehicular movement and...

HC rule on retirement benefit to teachers, employees

FE REPORT | 2022-09-15 00:00:00

The High Court has issued a rule upon the bodies concerned to explain as to why they should not be directed to give retirement benefits to the teachers and employees of the private educational institutions against 10 per cent deduction...

US to continue supporting ACC’s capacity development

FE REPORT | 2022-09-15 00:00:00

The United States (US) will continue its support to Bangladesh in enhancing the institutional capacity of the anti-graft authority, in order to make a better impact in corruption prevention, said US Ambassador to Bangladesh Peter D Haas.He said this during...

Any issue can be resolved through talks with neighbours

2022-09-15 00:00:00

Prime Minister (PM) Sheikh Hasina has said any issue of concern with neighbours can be solved through discussions, reports UNB.She said this when outgoing Indian High Commissioner to Bangladesh Vikram Kumar Doraiswami paid a farewell call on the Prime Minister...

‘Lured by urban lifestyle, rural youths migrating to cities'

FE REPORT | 2022-09-15 00:00:00

Technology-induced hegemony is forcing most of the rural youth workforce to migrate to cities, leading to the rise in the number of old, children and infirm population in the village in future, Dr Shapan Adnan, professorial research associate at the...

Doctor held over missing youths with suspected militant links

2022-09-15 00:00:00

Police have arrested a doctor over seven youths with suspected militant links going missing nearly three weeks ago.Police's Counterterrorism and Transnational Crime unit or CTTC revealed the news of Shakir Bin Wali's arrest on Wednesday after the Criminal Investigation Department...

Inclusion of police in INTERPA confce to help combat cyber crime: IGP

2022-09-15 00:00:00

Inspector General of Police (IGP) Dr Benazir Ahmed on Wednesday said engagement of police in the International Association of Police Academies (INTERPA) conference has created new possibilities for combating cyber-crime, reports BSS.INTERPA is a potential organization to increase capacity of...

Govt for establishing humane, welfare state: Hasan Mahmud

2022-09-15 00:00:00

Information and Broadcasting Minister Dr Hasan Mahmud on Wednesday said the government is working to turn the country into a humane and social welfare state, reports BSS."It is not possible for the government to do this alone. Everyone should come...

A roadmap published by the Election Commission

2022-09-15 00:00:00

A roadmap published by the Election Commission was revealed at a function at the auditorium of the Nirbachan Bhaban on Wednesday — Focus Bangla

Ranga removed from all Jatiya Party posts

2022-09-15 00:00:00

Jatiya Party chief GM Quader dismissed Ranga, the opposition chief whip, from all posts in the party. Jatiya Party Chairman GM Quader has removed Moshiur Rahman Ranga from all his posts in the organisation, including the policymaking body, reports bdnews24.com.The...

EC's roadmap just a plot to prolong stay of AL govt in power: BNP

2022-09-15 00:00:00

BNP senior leader Mirza Abbas on Wednesday said the roadmap announced by the Election Commission (EC) for the next general election is nothing but a 'conspiracy' to prolong the stay of the Awami League government in power, reports UNB."The current...

No election under caretaker government : Quader

2022-09-15 00:00:00

SAVAR, Sept 14 (BSS): Awami League (AL) General Secretary Obaidul Quader on Wednesday said no election under the caretaker government will ever be held in the country. "BNP is shedding crocodile tears for the elections under the caretaker government instead...

Shares in Chinese conglomerate Fosun dive on report of watchdog scrutiny

2022-09-15 00:00:00

HONG KONG, Sept 14 (AFP): Club Med owner Fosun, one of China's largest private-sector conglomerates, saw billions wiped off its value on Wednesday as jittery investors reacted to a media report that the group was under regulatory scrutiny.There has been...

Mohammodi Khanam, handed over a cheque for Tk 5,10,888 to Md. Ruhul Alam Al Mahbub

2022-09-15 00:00:00

Mohammodi Khanam, Chief Executive Officer of Desh General Insurance Company Limited (DGIC), handed over a cheque for Tk 5,10,888 to Md. Ruhul Alam Al Mahbub, Managing Director of Fair Electronics Limited, for payment of a claim against a Marine Cargo...

US SEC to propose Treasury market clearing reforms to address resilience fears

2022-09-15 00:00:00

WASHINGTON, Sept 14 (Reuters): The US Securities and Exchange Commission (SEC) is scheduled on Wednesday to propose draft rules to boost the resilience of the $24 trillion Treasury market, the world's largest bond market, which serves as a benchmark for...

Asian stocks slump, tracking US losses after inflation report

2022-09-15 00:00:00

HONG KONG, Sept 14 (AFP): Asian markets dropped on Wednesday, tracking losses in the United States and Europe as traders responded negatively to higher-than-expected US inflation data that raised fears of a prolonged period of interest rate hikes. Tokyo, Hong...

News Briefs (2022-09-15)

2022-09-15 00:00:00

Disbursement of dividend Janata Insurance Co Ltd: The company has disbursed the cash dividend for the year ended on December 31, 2021 to the respective shareholders.LafargeHolcim Bangladesh Limited: The company has disbursed the interim cash dividend for the year 2022...

BIFC posts loss for sixth straight year

2022-09-15 00:00:00

Bangladesh Industrial Finance Company (BIFC), a listed company, has again reported loss for the year 2020, the sixth straight year in a row. The non-bank financial institution posted a loss of Tk 8.10 per share for the year ended on...

Sonali Bank signs deal with ICB Capital Management

2022-09-15 00:00:00

Sonali Bank Limited signed an agreement with ICB Capital Management Limited, a subsidiary organisation of Investment Corporation of Bangladesh, to pay the customer and investors fees and charges through the Sonali Payment Gateway, said a statement. Sonali Bank Limited General...

Mercantile Bank training:

2022-09-15 00:00:00

 Mercantile Bank Limited organised a virtual training on 'Prevention of Money Laundering and Combating Financing against Terrorism' recently. A total of 100 officials attended the programme. Shamim Ahmed, DMD and CAMLCO of the bank, inaugurated the virtual training. Md Moshaddeque...

Prime Bank training:

2022-09-15 00:00:00

 Prime Bank's AML & CFT Division and Branches Distribution Network, Chattogram Region-1, jointly organised a daylong training programme on 'AML & CFT Compliance' at a conference hall in Chattogram recently. Md Nurul Amin, Executive Director of Bangladesh Bank, Chattogram Office,...

IBBL rolls out 5 products

2022-09-15 00:00:00

Islami Bank Bangladesh Limited launched three deposit products and two investment products on Tuesday, says a statement. The deposit products are Mudaraba Education Savings Scheme, Mudaraba Expatriate Housing Deposit Scheme and Mudaraba Senior Citizen Monthly Profit Deposit Scheme. And the...

IPO of Global Islami Bank to open October 16

FE REPORT | 2022-09-15 00:00:00

The initial public offering (IPO) of Global Islami Bank will open for subscription on October 16, aiming to raise Tk 4.25 billion from the capital market under fixed-price method.The IPO subscription will close on October 20, according to its abridged...

Large-caps pull DSEX below 6,500 mark

FE REPORT | 2022-09-15 00:00:00

The stock market ended sharply lower on Wednesday, with the benchmark index dipping below 6,500 mark, as jittery investors sold off major sector stocks amid the fall in value of local currency against dollar.The market managed to stay afloat until...

South Korea fines Google, Meta over privacy violations

2022-09-15 00:00:00

SEOUL, (South Korea, Sept 14 (AP): South Korea's privacy watchdog has fined Google and Meta a combined 100 billion won ($72 million) for tracking consumers' online behavior without their consent and using their data for targeted advertisements.South Korea's Personal Information...