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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...

Bangladesh Bank's Agriculture Loan Division and Ansar-VDP Unnayan Bank signed agreement

2022-09-15 00:00:00

Bangladesh Bank's Agriculture Loan Division Director Md. Abul Kalam Azad and Ansar-VDP Unnayan Bank Managing Director Md. Mosaddek-Ul-Alam signed an agreement on release of Tk 10.0 billion in the Agriculture and Rural Loan segment at the central bank in the...

Edison Real Estate embraces two professionals

2022-09-15 00:00:00

EDISON REAL ESTATE is strengthened with the recent joining of Masud Alam and Engr. Md. Amenur Rashid, two highly skilled and experienced real estate professionals, says a press release. They are currently leading Supply Chain & Project Management and Construction...

CCCI requests Biman to start Ctg-Kolkata, Ctg-Bangkok flights

OUR CORRESPONDENT | 2022-09-15 00:00:00

CHATTOGRAM, Sept 14: The Chittagong Chamber of Commerce and Industry (CCCI) called upon the state minister for civil aviation and tourism to introduce Chattogram-Kolkata and Chattogram-Bangkok routes of Biman Bangladesh Airlines. CCCI President Mahbubul Alam sent a letter to state...

Seminar on EDC project held

2022-09-15 00:00:00

A seminar was held recently on Role of the Establishing Digital Connectivity (EDC) Project in advancement of building a 'Smart Bangladesh', says a press release. Chief Guest of the seminar was Senior Secretary of ICT Division NM ZeaulAlam. Secial Assistant...

Japan central bank conducts 'rate check' as yen sinks

2022-09-15 00:00:00

TOKYO, Sept 14 (AFP): Japan's central bank on Wednesday conducted an operation often seen as a precursor to currency intervention, local media said, as the yen continues to crater against a strengthening dollar.The financial daily Nikkei and other local media...

Shippers' Council of Bangladesh, UN GCNB and MACN jointly organised conference

2022-09-15 00:00:00

Shippers' Council of Bangladesh (SCB) , UN Global Compact Network (GCNB) and Maritime Anti-Corruption Network (MACN) jointly organised a conference on "Mitigating Corruption for Economic Growth in the Maritime Sector" at the SCB own office in the city on Tuesday....

Arrest warrant on loan default case issued against two businessmen

OUR CORRESPONDENT | 2022-09-15 00:00:00

CHATTOGRAM, Sept 14: A court here has issued an arrest warrant against two owners of Nurjahan Group in a loan default case of Tk 2.68 billion. Judge Mujahidur Rahman of Chattogram Financial Debt Court issued the warrants on Tuesday in...

Geocycle, SCC join hands for solid waste management

2022-09-15 00:00:00

SYLHET: Geocycle and Sylhet City Corporation (SCC) signed a Memoran-dum of Understanding (MoU) on Wednesday for sustainable municipal waste management in the Sylhet municipality area, says a press release.Under this MoU, Geocycle will dispose of the solid waste of the...

300,000 VAT collecting machines to be installed in Dhaka, Ctg

2022-09-15 00:00:00

A private firm, Genex Infosys Limited, will provide and install 300,000 VAT collecting machines in Dhaka city, adjoining areas and Chottagram city in the next three years, reports UNB.Cabinet Committee on Government Purchase (CCGP) at a meeting on Wednesday approved...

A free thalassemia carrier screening in association with FSIBL and ideSHi

2022-09-15 00:00:00

A free thalassemia carrier screening and awareness camp was held in association with First Security Islami Bank Ltd. and the Institute for Developing Science and Health Initiatives (ideSHi) at Matlab North Upazila Health Complex in Chandpur recently. Dr Firdausi Qadri,...

ONE Bank signed agreement with Momo Inn and BCL Aviation

2022-09-15 00:00:00

ONE Bank Limited recently signed an agreement with Momo Inn Limited and BCL Aviation Limited for customer privilege. Jewel Khan, Additional Managing Director of Momo Inn Limited and BCL Aviation Limited, and Md. Kamruzzaman, Head of Retail Banking of ONE...

Palli Sanchay Bank launches safe food loan

2022-09-15 00:00:00

The Palli Sanchay Bank has launched an exceptional loan program titled "Safe Food Sound Life".Under the programme the bank will provide loans at minimum service charges to produce safe food. The bank will sign a memorandum of understanding (MOU) with...

Midland Bank, JBFH sign MoU

2022-09-15 00:00:00

Midland Bank Limited (MDB) signed a memorandum of understanding (MoU) with Japan Bangladesh Friendship Hospital (JBFH), one of the joint venture specialised hospitals in Bangladesh, says a press release. Md Rashed Akter, Head of Retail Distribution of MDB, and Sarder...

StanChart ensures medical oxygen supply for TMSS Medical’s patients

2022-09-15 00:00:00

Standard Chartered Bangladesh recently coordinated efforts with TMSS Medical College and Rafatullah Community Hospital (TMC & RCH) to make sure that patients have access to life-saving medical oxygen at all times. The onset and height of the Covid-19 pandemic highlighted...