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September posts negative growth

MONIRA MUNNI | 2022-10-02 00:00:00

The single-month ready-made garment (RMG) exports from Bangladesh in September 2022 recorded negative growth of over 12 per cent to $3.0 billion year on year.Exporters attributed this decline in global demand to high inflation in major destinations.The country fetched $3.41...

Hospitality industry makes resounding rebound

DOULOT AKTER MALA | 2022-10-02 00:00:00

The hospitality industry is making a resounding rebound in Bangladesh, as in other South Asian countries, following the easing of corona-induced travel restrictions and resumption of corporate events globally. Luxury hotels are witnessing bustling business as seminars and conferences have...

BNP Secretary General Mirza Fakhrul Islam Alamgir exchanging views with the leaders of the party's Chattogram and Khulna

2022-10-02 00:00:00

BNP Secretary General Mirza Fakhrul Islam Alamgir exchanging views with the leaders of the party's Chattogram and Khulna divisions at the party chairperson's Gulshan office on Saturday — Photo: Collected

Obstructing opposition’s programmes an ominous sign, says GM Quader

2022-10-02 00:00:00

Jatiya Party Chairman GM Quader on Saturday said the repeated obstructions by the ruling party at opposition political programmes is an ominous sign for the upcoming national election. He also warned that the country may witness serious political violence in...

Jubo League leader shot dead in Laxmipur

2022-10-02 00:00:00

LAXMIPUR, Oct 01 (UNB): A local leader of the Jubo League was brutally attacked and shot dead allegedly by assailants in Sadar upazila of Laxmipur district on Friday night. The deceased was identified as Alauddin Patwari, 45, vice-president of Bashikpur...

BNP's statement over 30 seats is applicable to them: Hasan

2022-10-02 00:00:00

Rejecting the comments of BNP leaders, Information and Broadcasting Minister Dr Hasan Mahmud on Saturday said their statement over 30 seats (in parliament) is applicable to them, reports BSS."BNP leader Begum Khaleda Zia, during 2006 to 2008, had told that...

BNP to face resistance for chaos over polls: Quader

2022-10-02 00:00:00

Awami League (AL) General Secretary and Road Transport and Bridges Minister Obaidul Quader on Saturday said BNP will have to face fiery resistance of the commoners if the party creates chaos in the country in the name of resisting election,...

'Nirapad Sarak Chai' founder Ilias Kanchan speaking at a press conference at the National Press Club

2022-10-02 00:00:00

'Nirapad Sarak Chai' founder Ilias Kanchan speaking at a press conference at the National Press Club in the city on Saturday demanding quick implementation of the Road Traffic Act- 2018 — Focus Bangla

Light to moderate rain likely today ---------

2022-10-02 00:00:00

Light to moderate rain/thunder showers accompanied by temporary gusty wind and lightning flashes is likely to occur at many places over Dhaka, Khulna, Barishal and Chattogram with moderately heavy to heavy falls at places over the country in the next...

Dengue death toll rises to 56, record 635 hospitalised

2022-10-02 00:00:00

FE Report Dengue situation in the country is worsening as record 635 dengue patients were hospitalised in the last 24 hours until Saturday morning. One more also died during the period.With the latest daily counts, fatalities from the mosquito-borne disease...

No SSC question paper was leaked: Dipu Moni

2022-10-02 00:00:00

CHANDPUR, Oct 01 (UNB): No question paper of Secondary School Certificate (SSC) and equivalent examinations was leaked this year, said Education Minister Dipu Moni on Saturday."As we adopted technological means, no question paper of SSC exams was leaked in the...

Araihazar Press Club confce held

2022-10-02 00:00:00

FE REPORT The triennial conference of Araihazar Thana Press Club, Narayanaganj, was held on Saturday. Upazila correspondent of The Daily Ittefaq Masum Billah and The Daily Bangladesh Protidin correspondent Mojibur Rahman have been elected president and general secretary respectively unopposed....

Dhaka seeks increased climate fund

2022-10-02 00:00:00

Foreign Minister Dr AK Abdul Momen has highlighted the importance of enhanced funds for climate change mitigation and adaptation, reports UNB.During his meeting with President of the 77th United Nations General Assembly, Csaba K?rösi, at the UN headquarters in New...

National Furniture Fair begins October 6

2022-10-02 00:00:00

FE ReportAfter a break of two years, the 17th National Furniture Fair is set to start on October 6, with a target to further develop the furniture industry locally and globally.The fair- the biggest event of the country's furniture industry-...

Conjunctivitis cases on the rise

2022-10-02 00:00:00

Bangladesh has seen a sudden surge in cases of conjunctivitis, a disease commonly known as 'pink eye, whose highly contagious nature means that once someone is infected, it usually spreads to others in their household, reports bdnews24.com.As the outbreak has...

Eon Group celebrates its 22nd founding anniv

2022-10-02 00:00:00

The 22nd founding anniversary of Eon Group of Industries, one of the leading agro-based organisations, was celebrated at the Eon Convention Centre, Tejgaon in the city on Friday, said a press release.Chairman and Managing Director of Eon Group of Industries...

Modi unveils 5G mobile internet services in India

2022-10-02 00:00:00

NEW DELHI, Oct 01 (UNB): Indian Prime Minister Narendra Modi on Saturday launched 5G mobile internet services in India, a major milestone in the country's telecom history that aims to make downloads faster and eliminate the menace of call drops.However,...

Daily Shopping opens outlet in Cumilla

2022-10-02 00:00:00

Daily Shopping has opened its maiden outlet in Cumilla, says a press release. Panel mayors of Cumilla City Corporation Habibur Al-Amin Sadi and Manjur Kader Moni inaugurated the outlet at Police Lines on Wednesday. Galib Farrokh Bakht, chief operating officer...

Chairman of Pally Sanchay Bank Md Akram-Al-Hossain hands over cheques to borrowers at a training and feedback session on

2022-10-02 00:00:00

Chairman of Pally Sanchay Bank Md Akram-Al-Hossain hands over cheques to borrowers at a training and feedback session on integrity for the officials and staff of the bank of Magura district at Magura Upazila Parishad auditorium on Friday. Managing Director...

S&P cuts UK rating outlook after tax cut plan

2022-10-02 00:00:00

LONDON, Oct 01 (Reuters): Ratings agency Standard & Poor's cut the outlook for its AA credit rating for British sovereign debt on Friday to "negative" from "stable" as it judged Prime Minister Liz Truss's tax cut plans would cause debt...

HSBC kicks off informal investor talks for Indonesian business IPO

2022-10-02 00:00:00

HONG KONG, Oct 1 (Reuters): HSBC Holdings Plc has started briefing investors on a potential initial public offering (IPO) of its Indonesian business, said two sources with direct knowledge of the matter.Executives at HSBC Indonesia have met with a group...

Saudi wealth fund's Savvy Games Group to invest $37.8 b

2022-10-02 00:00:00

Saudi Arabia's Savvy Games Group, owned by sovereign wealth fund PIF, will invest 142 billion riyals ($37.8 billion) in initiatives aimed at making the kingdom a global hub for gaming, state news agency SPA said on Thursday, reports Reuters.The investments...

India market regulator to restart review of $440m Digit Insurance IPO

2022-10-02 00:00:00

MUMBAI, Oct 1 (Reuters): India's markets regulator will restart a review of a $440 million initial public offering of Digit Insurance after the company resolved certain compliance issues that had led to the regulator putting the process on hold, two...

Global hedge fund launches plunge, liquidations rise amid turmoil

2022-10-02 00:00:00

NEW YORK, Oct 1 (Reuters): New hedge fund launches dove in the second quarter to the lowest level since the 2008 global financial crisis, while fund liquidations spiked, industry data provider HFR said on Friday.There were 80 hedge fund launches...

News Briefs (2022-10-02)

2022-10-02 00:00:00

Credit ratingIslamic Finance and Investment: Emerging Credit Rating Limited (ECRL) has assigned the rating to Islamic Finance and Investment Limited as "A+" in the long term and "ST-2" in the short term along with a stable outlook based on audited...

SBAC Bank training workshop: A training workshop on the 'Refinance scheme of Bangladesh Bank, ADB and JICA' was held at the

2022-10-02 00:00:00

SBAC Bank training workshop: A training workshop on the 'Refinance scheme of Bangladesh Bank, ADB and JICA' was held at the Training Institute of South Bangla Agriculture and Commerce Bank Ltd. (SBAC) recently. Habibur Rahman, Managing Director and CEO (CC)...

17 get CFA designation

2022-10-02 00:00:00

FE REPORTCFA Society Bangladesh, the local member society of CFA Institute, has awarded 17 investment professionals the CFA (chartered Financial Analyst) designation.Planning Minister MA Mannan gave away the CFA Charter certificates to the professionals as the chief guest at the...

Exim Bank opens Atibazar sub-branch: Exim Bank has opened a sub-branch at Atibazar under Exim Bank Keraniganj Branch to

2022-10-02 00:00:00

Exim Bank opens Atibazar sub-branch: Exim Bank has opened a sub-branch at Atibazar under Exim Bank Keraniganj Branch to provide modern Shariah-Based banking services. Additional Managing Director of the bank Shah Md Abdul Bari inaugurated the sub-branch recently while Deputy...

Amber IT, IFIC Bank sign agreement: An agreement was signed between Amber IT and IFIC Bank to provide uninterrupted

2022-10-02 00:00:00

Amber IT, IFIC Bank sign agreement: An agreement was signed between Amber IT and IFIC Bank to provide uninterrupted nationwide data connectivity services for Central Security Surveillance System. Amber IT's CEO Aminul Hakim and IFIC's DMD & Head of International...

Ten cos grab 41pc of weekly DSE turnover

2022-10-02 00:00:00

FE REPORTTen most-traded firms accounted for 41 per cent of transactions on the Dhaka Stock Exchange (DSE) last week, with Orion Pharma leading the chart for a second straight week.For the past few weeks, some selective stocks have ruled the...