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By-election to Gaibandha-5 on October 12

2022-08-24 00:00:00

The by-election to Gaibandha-5 constituency that fell vacant following the death of deputy speaker Fazle Rabbi Miah will be held on October 12 with the use of electronic voting machines (EVMs) instead of traditional ballot papers, reports UNB.The Election Commission...

Section 144 in Feni as BNP, AL announce progs at same place

2022-08-24 00:00:00

FENI, Aug 23 (UNB): Prohibitory orders were imposed in Parshuram upazila of Feni on Tuesday in view of the Awami League's and opposition BNP's political programmes at the same place.Parshuram Upazila Nirbahi Officer Syeda Shamsad Begum issued a notice in...

BNP's 2-day prog to celebrate its founding anniv

2022-08-24 00:00:00

BNP on Tuesday planned a two-day programme, including rally and discussion, to celebrate its 44th founding anniversary on September 1, reports UNB.BNP Senior Joint Secretary General Ruhul Kabir Rizvi announced the programmes at a press briefing at the party's Nayapaltan...

BNP will gain nothing by lodging complaints with foreigners: Amu

2022-08-24 00:00:00

Awami League (AL) Advisory Council Member and 14-party alliance spokesperson Amir Hossain Amu on Tuesday said BNP will gain no benefit by lodging complaints with foreigners, reports BSS."BNP will gain nothing by complaining to foreigners. Bangladesh is an independent country....

BNP won't let sacrifices of slain leaders go in vain

2022-08-24 00:00:00

Stating that their party has initiated a fresh movement across the country, including at the rural level, BNP Secretary General Mirza Fakhrul Islam Alamgir on Tuesday said their party will not let the sacrifices of its slain leaders and the...

Romanian Hidroelectrica's IPO expected by mid-2023

2022-08-24 00:00:00

BUCHAREST, Aug 23 (Reuters): The initial public offering of Romanian state-owned hydropower producer Hidroelectrica will take place by the end of June 2023, the government said on Monday, later than initially planned.The listing, to which the government will not contribute...

E-commerce giant JD.com posts slowest revenue growth

2022-08-24 00:00:00

BEIJING, Aug 23 (AFP): Chinese e-commerce giant JD.com reported its slowest revenue growth so far in the second quarter, the company said Tuesday, the latest in a series of gloomy numbers as China's economic growth slows.JD.com's results came shortly after...

FTSE 250 hits new one-month low

2022-08-24 00:00:00

UK's midcap index hit a fresh one-month low on Tuesday as a looming gas crisis in Europe and data showing slower-than-expected growth in business activity exacerbated fears of recession, reports Reuters.The domestically oriented FTSE 250 slipped 0.1 per cent, down...

Foreigners return to Indian equities on hopes over earnings

2022-08-24 00:00:00

Foreigners are returning to Indian stocks after dumping them in the first half as they look for higher returns amid expectations that major central banks will slow their hiking cycles as price pressures ease, reports Reuters.Fears of an economic recession...

Asian markets track Wall St plunge on growing rate fears

2022-08-24 00:00:00

HONG KONG, Aug 23 (AFP): Asian markets fell again Tuesday and the dollar held gains as traders grow increasingly worried that the Federal Reserve will continue to ramp up interest rates to fight inflation.With the Jackson Hole symposium of central...

73rd SAFA Board Meeting

2022-08-24 00:00:00

A delegation from the Institute of Chartered Accountants of Bangladesh (ICAB) participated in the 73rd SAFA Board Meeting and different committee meetings hosted by ICA India in New Delhi, India, recently. The members of the delegation were ICAB President Md....

First Security Islami Bank inaugurated 61st Foundation Course

2022-08-24 00:00:00

First Security Islami Bank Limited inaugurated the 61st Foundation Course for newly recruited Probationary Officers at the FSIBL Training Institute on Tuesday. The photo shows Syed Waseque Md. Ali, Managing Director of the bank, and other officials posing with the...

News Briefs (2022-08-24)

2022-08-24 00:00:00

Suspension of tradingFirst Finance: Trading of the shares of First Finance Limited will remain suspended on its record datesp today (Wednesday). — DSE Online

Saifuddin re-appointed BGIC CEO

2022-08-24 00:00:00

Ahmed Saifuddin Chowdhury, Managing Director & CEO of Bangladesh General Insurance Company Ltd. (BGIC), has been re-appointed for a period of three more years (2022-25) for the 4th consecutive term. He joined BGIC in 1986 and started working at the...

Union Capital gets new chairman

2022-08-24 00:00:00

Dr GM Khurshid Alam has been elected the new chairman of Union Capital Limited at the 291st meeting of the Board of Directors of the company recently. He is representing the EC Securities Limited in the Board of Union Capital....

BSEC revises stock market hours

FE REPORT | 2022-08-24 00:00:00

Bangladesh Securities and Exchange Commission (BSEC) on Tuesday revised the trading hours for both the bourses of the country.As per new schedule effective from today (Wednesday), the stock market hours will now start 9:30am and close at 1:50pm. The revised...

Share prices of three cos rising 'abnormally'

FE REPORT | 2022-08-24 00:00:00

Share prices of three more companies -- Orion Infusion, Paper Processing & Packaging and Kay & Que (Bangladesh) -- have been soaring 'abnormally' even as there is no undisclosed price sensitive information (PSI) behind such price surge.The share price of...

National Bank rolls out multi-currency debit card

2022-08-24 00:00:00

National Bank Limited launched its first-ever Visa-branded, EMV Chip-enabled Multi-Currency Debit Card with NFC (Near Field Communication) technology under Q-Cash Network at an event at its Head Office in Dhaka on Tuesday, says a statement.This Debit Card can be used...

Stocks rally as turnover rises

FE REPORT | 2022-08-24 00:00:00

Stocks extended the winning streak for a sixth straight session on Tuesday, with turnover hitting a fresh seven-month high, thanks to higher participation of general investors.The market opened higher and the key index rose about 52 points in the first...

Gold holds steady as focus turns to Jackson Hole

2022-08-24 00:00:00

Gold steadied on Tuesday after touching a near one-month low in the previous session, as cautious investors weighed economic risks against hawkish signals from Federal Reserve officials ahead of a central bank symposium this week, reports Reuters. Having slipped in...

Bangladesh Krishi Bank held a Business Review Meeting -

2022-08-24 00:00:00

Bangladesh Krishi Bank (BKB) held a Business Review Meeting with General Managers of all divisions, Divisional Audit Officers, Corporate Heads, Chief Regional Managers & Regional Managers at the bank's board room on Monday. Chairman of the bank Md Nasiruzzaman addressed...

Awami League presidium member Advocate Kamrul Islam and others pray at a discussion

2022-08-24 00:00:00

Awami League presidium member Advocate Kamrul Islam and others pray at a discussion on Monday at the Janata Bank head office in the city. Janata Bank Managing Director and CEO Md. Abdus Salam Azad attended the discussion as the chief...

Oil climbs as tight supply moves back into focus

2022-08-24 00:00:00

LONDON, Aug 23 (Reuters): Oil rose $1.0 a barrel on Tuesday as tight supply moved back into focus as a result of Saudi Arabia floating the idea of OPEC+ output cuts to support prices and the prospect of a drop...

Mohammad Masoom inaugurates a Tree Plantation Programme

2022-08-24 00:00:00

Mohammad Masoom, Managing Director & CEO of Citizens Bank PLC, inaugurates a Tree Plantation Programme at the premises of Motijheel Government Boys' High School in the city on the occasion of 47th martyrdom anniversary of Father of the Nation Bangabandhu...

EXIM Bank organises Kangali Bhoj

2022-08-24 00:00:00

EXIM Bank organises Kangali Bhoj on the occasion of 47th martyrdom anniversary of Bangabandhu Sheikh Mujibur Rahman at the Faridpur branch of the bank. Manager of Exim Bank Faridpur branch Kazi Md. Asaduzzaman and local dignitaries were present at the...

Bengal Commercial Bank held 14th Board Meeting

2022-08-24 00:00:00

Bengal Commercial Bank Ltd held its 14th Board Meeting on Wednesday at the bank's Head Office in Dhaka with Md Jashim Uddin, Chairman of the bank, in the chair. The Board discussed the life and activities of Father of the...

IFIC Bank paid rich tributes to Bangabandhu Sheikh Mujibur Rahman

2022-08-24 00:00:00

IFIC Bank Ltd has paid rich tributes to Bangabandhu Sheikh Mujibur Rahman marking his 47th martyrdom anniversary with Shah A Sarwar, MD & CEO of the bank, placing a wreath at the mausoleum of the Father of the Nation at...

Southeast Bank distributed food items --

2022-08-24 00:00:00

Southeast Bank Limited distributed food items among the distressed people in the Feni region recently as a part of its month-long programme to pay tributes to Bangabandhu marking the National Mourning Day. Nur Uddin Absar, Head of Feni Branch of...

Uber expands services to 20 cities in BD's 8 divs

FE REPORT | 2022-08-24 00:00:00

Ride hailer Uber on Tuesday announced the expansion of its services to 20 cities, spread across all eight divisions in Bangladesh. "We aim to double down on serving the mobility needs of our customers by focusing on products that best...

Local co to invest $39m in Dhaka EPZ

2022-08-24 00:00:00

Bangladeshi company Ms Trendy Textiles Limited is going to establish a knit composite textile industry in Dhaka EPZ, reports BSS.This fully Bangladeshi-owned company will invest US$ 38.99 million where 2993 Bangladeshi nationals will get employment opportunities, said a press release.The...