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Swechchasebak Dal's partial committee announced

2022-09-05 00:00:00

BNP on Sunday announced a five-member partial committee of its voluntary wing, Jatiyatabadi Swechchasebak Dal, as part of its move to overhaul the party and its associate bodies before the next general election, reports UNB.SM Zilani and Rajib Ahsan were...

Movement to continue until fall of govt

2022-09-05 00:00:00

Denouncing the government's 'repressive' acts to thwart their recent peaceful programmes, BNP Secretary General Mirza Fakhrul Islam Alamgir on Sunday said their movement will continue until the fall of the Awami League, reports UNB.Speaking at a press conference, he also...

Political dynasty not an issue in Bangladesh, Hasina tells ANI

2022-09-05 00:00:00

Prime Minister Sheikh Hasina said that her son Sajeeb Wazed Joy was the brain behind many of her government's digital initiatives but a decision on joining politics is best left to him and the people of the country, report agencies.In...

Global equity funds post massive weekly disposals on rate-hike angst

2022-09-05 00:00:00

Global equity funds recorded heavy disposals in the week ended Aug. 31, on concerns that major central banks would continue to hike rates, with inflation levels showing no signs of abatement, reports Reuters.Investors jettisoned global equity funds worth $21.41 billion,...

India's capital inflows hit 20-month high in August

2022-09-05 00:00:00

NEW DELHI, Sept 4 (NDTV): Foreign investors have pumped in a little over Rs 512 billion into the Indian equity markets in August, making it the highest inflow in 20 months, amid improving risk sentiment and stabilisation in oil prices.This...

Chobani drops US IPO plan

2022-09-05 00:00:00

Greek yogurt maker Chobani is withdrawing its plans for an initial public offering in the United States after having delayed its listing plans earlier this year, marking the first high-profile casualty of the current slowdown in stock market flotations, reports...

Tamilnad Mercantile Bank IPO to open today

2022-09-05 00:00:00

MUMBAI, Sept 4 (NDTV): The initial public offering (IPO) of Tamilnad Mercantile Bank will open for subscription today (Monday) and close on September 7, as per the draft paper submitted by the company with the market regulator SEBI.The company has...

News Briefs (2022-09-05)

2022-09-05 00:00:00

Disbursement of dividend Eastern Insurance Co. Ltd: The company has disbursed the cash dividend for the year ended December 31, 2021 to the respective shareholders.Board meetingMeghna Insurance Co Limited: A board meeting of the company will be held on September...

Saudi investment funds see largest fall in 16 years

2022-09-05 00:00:00

RIYADH, Sept 04 (Arab News): The total assets of Saudi Arabia's investment funds dropped by SR23.2 billion ($6.2 billion) in the second quarter of 2022, according to data from the Saudi Central Bank, also known as SAMA.This drop recorded the...

Dr Zaid Bakhat inaugurating a 10-day virtual training course

2022-09-05 00:00:00

Agrani Bank Limited Chairman Dr Zaid Bakhat inaugurating a 10-day virtual training course on 'Development of Leadership Quality of Branch Management' organised by the bank at its training institute in the city on Sunday

Janata Bank Swadhinata Officers' Parisad published souvenir on 'Ridoy Banagabandhu'

2022-09-05 00:00:00

Janata Bank Swadhinata Officers' Parisad has recently published a souvenir on 'Ridoy Banagabandhu' on the occasion of National Mourning Day and the 47th martyrdom anniversary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman. Managing Director and CEO of Janata...

Textiles and Jute Minister Golam Dastagir Gazi -

2022-09-05 00:00:00

Textiles and Jute Minister Golam Dastagir Gazi, Bir Pratik, inaugurating a jute goods fair and display at Motijhil in the city on Sunday

22nd AGM of Express Insurance held

2022-09-05 00:00:00

The 22nd annual general meeting of Express Insurance Limited was held on a digital platform recently, with Chairman of the company Syed Al Farooque in the chair. A large number of shareholders joined the meeting virtually. Annual accounts of the...

National Bank opened a sub-branch at Ullapara

2022-09-05 00:00:00

National Bank Limited opened a sub-branch at Ullapara in Sirajganj on Sunday. Deputy Managing Director of the bank Syed Rais Uddin inaugurated the sub-branch as the chief guest.

Islami Bank Bangladesh organised views-exchange meeting --

2022-09-05 00:00:00

Islami Bank Bangladesh Limited organised a views-exchange meeting with Bangladeshi expatriates at a hotel in Jeddah, Saudi Arabia, on Saturday. Mohammed Monirul Moula, Managing Director and CEO of the bank, was present as the chief guest while Md. Siddiqur Rahman,...

KEPZ to get $6m investment in RMG, bag manufacturing industry

2022-09-05 00:00:00

HZ Outdoor International Company Limited is going to set up a Garments and Bag manufacturing industry in Karnaphuli Export Processing Zone (KEPZ) with an investment of $6.03 million, reports BSS.An agreement to this effect was signed between Bangladesh Export Processing...

HC reconstitutes board of Envoy Textiles

FE REPORT | 2022-09-05 00:00:00

The High Court (HC) has reconstituted the board of Envoy Textiles with a retired justice of the Supreme Court (SC) as its chairman.The HC passed the order on August 25 following a case filed by the company's director and ex-managing...

Stocks pause six-day rally on profit taking

FE REPORT | 2022-09-05 00:00:00

Stocks slipped into the red on Sunday, snapping a six-day rally, but turnover jumped to nearly Tk 23 billion mark after 11 months, as investors were active on both sides of the trading fence.The market opened higher in the morning...

Tax receipts from DSE jump 128pc in August

FE REPORT | 2022-09-05 00:00:00

The government's revenue earnings from Dhaka Stock Exchange (DSE) jumped 128 per cent month on month in August on the back of rising trading volume.Market operators said the revenue earnings from the prime bourse increased in step with growing turnover,...

Money transfer firms replace banks in crisis-hit Lebanon

2022-09-05 00:00:00

BEIRUT, Sept 4 (AFP): Like many people in crisis-hit Lebanon, Elias Skaff used to wait for hours to withdraw cash at the bank but now prefers money transfer companies as trust in lenders has evaporated.Anyone who relies on traditional banks...

Hybrid summer tomato proves profitable for farmers

2022-09-05 00:00:00

A farmer was earning Tk 16,000 by spending Tk 7,000 on summer tomato cultivation as the crop proved very profitable for the farmers, said Bangladesh Agricultural Research Institute (BARI) Director General Dr. Debasish Sarker on Saturday.He was speaking at a...

S Arabia's 5G experience among the best in GCC

2022-09-05 00:00:00

RIYADH, Sept 04 (Arab News): Saudi Arabia's push to develop 5G infrastructure is helping it score higher in the Gulf Cooperation Council region in terms of achieving strong growth in both speed, video experience and availability of the network, the...

Pakistan expects economy to grow more than 3.5pc this FY

2022-09-05 00:00:00

ISLAMABAD, Sept 04 (Reuters): Pakistan Finance Minister Miftah Ismail expects the economy to grow more than 3.5 per cent for the fiscal year that started in July, Bloomberg News reported on Saturday.Ismail predicted inflation, running at the highest in 47...

Saudi top banks' quarterly profits rise 2.7pc

2022-09-05 00:00:00

RIYADH, Sept 04 (Arab News): Saudi Arabia's top 10 banks have posted solid profit growth in the second quarter of 2022, driven by high crude prices and rising interest rates.The total quarterly profit of the 10 banks rose 2.7 per...

Hino to freeze truck production for two models for a year

2022-09-05 00:00:00

TOKYO, Sept 04 (Reuters): Japan's Toyota Motor Corp's truck and bus unit Hino Motors will halt production of some medium and heavy-duty trucks for at least another year after a widespread data falsification scandal, Nikkei Asia reported on Sunday.The medium-duty...

Officials and staff of BIDA greeted newly appointed Executive Chairman Lokman Hossain Miah

2022-09-05 00:00:00

Officials and staff of Bangladesh Investment Development Authority (BIDA) greeted their newly appointed Executive Chairman Lokman Hossain Miah (senior secretary) with flowers and exchanged opinion with him at BIDA head office in the capital on Sunday

NEC Money Transfer signed agreement with SBAC Bank

2022-09-05 00:00:00

NEC Money Transfer Limited signed an agreement with South Bangla Agriculture and Commerce (SBAC) Bank recently for the purpose of increasing and disbursing inward foreign remittance flow. Mosleh Uddin Ahmed, managing director and CEO of SBAC Bank, and Ikram Farazy...

Eastern Bank signed a deal with Vision Emporium

2022-09-05 00:00:00

M Khorshed Anowar, deputy managing director and head of Retail and SME Banking of Eastern Bank Limited (EBL), and SM Salahuddin, general manager of Vision Emporium, signed a deal on behalf of their respective organisations in Dhaka recently. Under the...

Kazi Akram Uddin Ahmed unveiled first-ever Sustainability Report of Standard Bank

2022-09-05 00:00:00

Chairman of Standard Bank Kazi Akram Uddin Ahmed unveiled the first-ever Sustainability Report of the bank recently. Khondoker Rashed Maqsood, managing director and CEO, Md. Touhidul Alam Khan, additional managing director, and acting company secretary Md Ali Reza along with...

Norway's future CO2 cemetery takes shape

2022-09-05 00:00:00

OYGARDEN (Norway), Sept 4 (AFP): On the shores of an island off Norway's North Sea coast, engineers are building a burial ground for unwanted greenhouse gas.The future terminal is to pump tonnes of liquefied carbon dioxide captured from the top...