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Ambassador of Italy to Bangladesh Enrico Nunziata inaugurating

2022-09-26 00:00:00

Ambassador of Italy to Bangladesh Enrico Nunziata inaugurating as the chief guest a new showroom of Renaissance Decor Limited at Asfia Tower, Banani in the city on Saturday. The ambassador launched three world famous fashion designer brands namely Roberto Cavalli...

Walton Smart TV gets huge response in Ireland mkt

2022-09-26 00:00:00

Bangladesh's leading multinational electronics brand's Walton android smart television is witnessing huge response in Ireland, a country in the north-western Europe. Walton TV is being displayed and sold in DID Electrical, a largest retail store in Ireland. It's a milestone...

BPDB, Digicon to set up 24/7 digital call centre for consumers

2022-09-26 00:00:00

State-owned Bangladesh Power Development Board (BPDB) on Sunday signed an agreement with a private outsourcing firm to set up a digital call centre and provide customer service to its 36 lakh consumers in four distribution zones - Chattogram, Sylhet, Mymensingh...

Petronas industrial lubricants summit held

2022-09-26 00:00:00

United Lube Oil Ltd, a sister concern of United Group, the sole distributor and manufacturing partner of Petronas Lubricants International (PLI), held a technical summit with their key industrial partners at a city hotel on Saturday, said a statement. The...

Business Conference of SBAC Bank:

2022-09-26 00:00:00

 The half-yearly Business Development Conference of South Bangla Agriculture and Commerce Bank Ltd. was held at Kirishibid Institute in the capital on Saturday, with its Chairman Abdul Kadir Molla as the chief guest. Directors Abu Zafar Mohammod Shofiuddin and Mohammad...

Ashulia Branch of Mercantile Bank relocated:

2022-09-26 00:00:00

 Mercantile Bank Limited shifted its 'Ashulia Branch' to a new location -- Abid Shopping Complex, Jamgora Chourasta, Ashulia, Savar, Dhaka. Chairman of the bank Morshed Alam, MP, virtually inaugurated the new branch office as the chief guest on Sunday. Managing...

UCB Investment announces DBH Zero Coupon Bond closure

2022-09-26 00:00:00

The closing ceremony of DBH Zero Coupon Bond worth Tk 3,000 million was held at a city hotel on Thursday, says a statement. UCB Investment Limited, one of the leading and fast-growing investment banks in the country, is the arranger...

Asiatic Laboratories' IPO share bidding from Oct 10

FE REPORT | 2022-09-26 00:00:00

A bidding to explore the cut-off price of shares of Asiatic Laboratories for its initial public offering (IPO) will begin at 3:00pm on October 10.Eligible investors (EIs) will participate in the bidding through electronic subscription system of the stock exchanges....

Leadership Excellence Award:

2022-09-26 00:00:00

 S M Ziaul Hoque, FLMI, CEO of Chartered Life Insurance Company Ltd., has been awarded the 'Outstanding Leadership Excellence Award in Insurance Sector' at the South Asian Business Excellence Awards 2022 ceremony at a city hotel recently.

Apex teams up with Green Savers to plant 2,600 trees to mark Founder's Day

2022-09-26 00:00:00

To commemorate the special occasion of Founder's Day 2022, celebrated on September 26 every year, Apex Footwear Limited has initiated a tree plantation programme with a view to promoting environmental care and raising environmental awareness by partnering with 'Green Savers',...

Fall in large-caps pulls DSEX down

FE REPORT | 2022-09-26 00:00:00

Stocks began the week in the red as large-cap shares from pharmaceuticals, power and miscellaneous sectors nosedived on Sunday following their recent price surge.The market opened on a positive note but the morning optimism failed to sustain after the first-hour...

Blackstone to sell $400m stake in Indian REIT Embassy

2022-09-26 00:00:00

MUMBAI, Sept 25 (Reuters): Blackstone Inc will sell a stake worth up to $400 million in Embassy Office Parks REIT, India's biggest real estate investment trust, via Indian stock exchange block deals, three sources familiar with the matter told Reuters.Abu...

Canada records C$6.33b budget surplus

2022-09-26 00:00:00

OTTAWA, Sept 25 (Reuters): Canada recorded a C$6.33 billion ($4.67 billion) budget surplus for the first four months of the 2022/23 fiscal year, helped by higher tax revenues and the ending of coronavirus support measures, the finance ministry said on...

India forex reserves fall to near two-year low

2022-09-26 00:00:00

MUMBAI, Sept 25 (Reuters): India's foreign exchange reserves fell for a seventh straight week, dropping to $545.652 billion in the week to Sept 16, its lowest level since Oct. 2, 2020, Reserve Bank of India's weekly statistical supplement showed on...

Egypt's economy hit by global turmoil

2022-09-26 00:00:00

DUBAI, Sept 25 (AP): Stores are selling winter clothes from last season in the middle of summer. Repair shops lack spare parts for appliances. There's a waiting list to buy a new car.Egypt, a country of more than 103 million...

Credit Suisse aims for stronger franchise from global review

2022-09-26 00:00:00

HONG KONG, Sept 25 (Reuters): Credit Suisse's top two executives have told staff the bank is working to establish a stronger franchise in the longer term, according to a memo seen by Reuters on Saturday, amid uncertainty over a global...

Chairman of Jamuna Bank Nur Mohammed inaugurated Baga sub-branch

2022-09-26 00:00:00

Chairman of Jamuna Bank Limited Nur Mohammed inaugurated Baga sub-branch of the bank in Patuakhali recently. Managing Director and CEO of the bank Mirza Elias Uddin Ahmed presided over the programme

StanChart, Tarupallab plant trees

2022-09-26 00:00:00

Standard Chartered Bangladesh (SCB) in collaboration with Tarupallab recently completed a three-month long tree plantation drive. Consisting of eight individual tree plantation efforts in locations across Bangladesh, the initiative mobilised hundreds of staffers from the bank's various workspaces to plant...

BCCCI signs MoU with CEAB

2022-09-26 00:00:00

A Memorandum of Understanding (MoU) was signed between Bangladesh-China Chamber of Commerce & Industry (BCCCI) and the Chinese Enterprises Association in Bangladesh (CEAB) for forging closer working cooperation for enhancing trade and economic relations between the two countries, reports UNB.The...

3-day Asian Tourism Fair begins on Sept 29 in Dhaka

FE REPORT | 2022-09-26 00:00:00

A three-day Asian Tourism Fair (ATF) is scheduled to be held for the ninth time in Dhaka from September 29 aiming to encourage domestic and foreign tourists to travel and explore Bangladesh.The international tourism fair will be held at the...

Razzaque asks officials to help boost rice production

FE REPORT | 2022-09-26 00:00:00

Agriculture Minister Dr Mohammad Abdur Razzaque directed the officials concerned on Sunday to help increase production of rice keeping pace with the growing demand and lessening of import of the main staple. "Every year population is increasing. The pace of...

Insurers urged to follow IFRS to gain people's trust

FE REPORT | 2022-09-26 00:00:00

Speakers at a seminar on Sunday urged the insurers to follow the international financial reporting standard (IFRS) for playing an important role in achieving the country's economic goals.Following the standards would help ensure transparency in the sector and gain people's...

Gold prices fall --

2022-09-26 00:00:00

NEW DELHI, Sept 25 (The Economic Times): The price of gold fell for second consecutive day in India on Sunday, standing at Rs 49,360 per 10 grams. This is a drop of Rs 595 (1.19 per cent) since yesterday. The...

Sheltech handed over Sheltech Astra

2022-09-26 00:00:00

Sheltech Limited handed over Sheltech Astra, a 14-storied mixed-use building to customers and landowners at Sheltech Tower lounge in West Panthapath in the capital on Saturday. Chief Executive Officer of Sheltech Md Sharif Hossain Bhuiyan was present along with other...

German bakeries fight for survival as costs spiral

2022-09-26 00:00:00

BEELITZ, Sept 25 (AFP): Faced with exploding energy and ingredient costs, German baker Tobias Exner has installed new energy-efficient ovens, shortened his opening hours and even considered baking at lower temperatures.But "it just doesn't taste the same without a good...

Five renewable projects launched to produce 3,300MW electricity

2022-09-26 00:00:00

RIYADH, Sept 25 (Arab News): Saudi Power Procurement Co. has launched five projects to produce electricity using renewable energy, with a total capacity of 3,300 megawatts, according to the Saudi Press Agency. The launch includes three wind energy projects and...

Agreement signed between RAKUB and Bangladesh Bank

2022-09-26 00:00:00

A participation agreement was signed between Rajshahi Krishi Unnayan Bank (RAKUB) and Bangladesh Bank (BB) in the BB conference room in Dhaka on Sunday for disbursement of loans under the Tk 10 billion (Tk 1000 crore) refinancing scheme established by...

Samsonova claims Tokyo title

2022-09-26 00:00:00

TOKYO, Sept 25 (AP): Liudmila Samsonova of Russia extended a remarkable summer run by clinching her third title in two months after beating rising Chinese player Zheng Qinwen 7-5, 7-5 at the Toray Pan Pacific Open on Sunday.No. 30-ranked Samsonova...

Warriors secure playoffs berth

2022-09-26 00:00:00

Bangladesh all-rounder Shakib al Hasan helped Guyana Amazon Warriors to defeat Trinbago Knight Riders by 37 runs to seal their berth in the Caribbean Premier League (CPL) play-offs on Sunday, reports Cricbuzz.Rahmanullah Gurbaz (60) also played a crucial role. Amazon...

Portugal go top of Nations League group

2022-09-26 00:00:00

BARCELONA, Spain, Sept 25 (AP): Diogo Dalot helped Portugal take control of its Nations League group by scoring his first two international goals in a 4-0 rout at the Czech Republic on Saturday.Spain fell to their first home loss in...