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Indonesian helps orchids bloom again

2022-09-19 00:00:00

YOGYAKARTA (Indonesia), Sept 18 (AFP): Orchids in hand and a bamboo ladder on his shoulder, farmer Musimin scans the forest at the foot of Indonesia's most active volcano to point out clusters of the indigenous flowers he has been salvaging...

Tunisian 'hanging garden' farms cling on despite drought

2022-09-19 00:00:00

DJEBBA (Tunisia), Sept 18 (AFP): High in the hills of northwestern Tunisia, farmers are tending thousands of fig trees with a unique system of terracing they hope will protect them from ever-harsher droughts.But the "hanging gardens" of Djebba El Olia...

No more than 15 SIM cards under 1 NID

2022-09-19 00:00:00

Bangladesh Telecommuni-cation Regulatory Commi-ssion (BTRC) is going to deactivate additional SIM (subscriber identity module) cards of those who have more than 15 registered under a national identity (NID) card soon, reports UNB.As per the recent BTRC decision, a subscriber is...

Former chairman of Fareast Life Insurance remanded again

2022-09-19 00:00:00

A Dhaka court placed former chairman of Fareast Islami Life Insurance Co Ltd Md Nazrul Islam on four-day fresh remand on Sunday in a case lodged for embezzling depositors' money, reports BSS.Dhaka Metropolitan Magistrate Shahidul Islam passed the order as...

Regional and Branch managers business review meeting of Chattogram division of Karmasangsthan Bank held

2022-09-19 00:00:00

A business review meeting with the participation of regional managers and branch managers under the Chattogram division of Karmasangsthan Bank and a view-exchange meeting with the bank stakeholders were held on Sunday at a hotel in the port city. Managing...

AGM of DMCB for financial year 2021-2022 held

2022-09-19 00:00:00

An annual general meeting (AGM) of the Dhaka Mercantile Co-operative Bank (DMCB) for the financial year 2021-2022 was held at Army Golf Club, Dhaka Cantonment, Dhaka on Sunday. Chairman of the bank Khairul Ahmed presided over the meeting. Group Captain...

Janata Bank's branch managers' conference for Sylhet division held

2022-09-19 00:00:00

Managing Director and CEO of Janata Bank Md Abdus Salam Azad speaks as the chief guest at the branch managers' conference for Sylhet division held at a hotel in Sylhet on Friday

UCB expands banking network:

2022-09-19 00:00:00

The United Commercial Bank Limited (UCB) opened its 220th branch at Sreemangal, Moulvibazar, on Sunday. Arif Quadri, Managing Director & CEO of the bank, along with other high officials inaugurated the Sreemangal Branch as the chief guest.

Mercantile Bank's Banani Branch at new location:

2022-09-19 00:00:00

 The Banani Branch of Mercantile Bank Limited has been shifted to its own space recently. Chairman of the bank Morshed Alam, MP, virtually inaugurated the branch in its new location as the chief guest while Managing Director & CEO Md...

ICCB Banking Commission meeting discusses future programme

2022-09-19 00:00:00

A meeting of the ICC Bangladesh Banking Commission was held recently to discuss the future programme of the Commission for building capacity of the banking sector officials of the country, says a statement. At the meeting, the Commission decided to...

IBS, once air pollutant, turns forex earner

NAZIMUDDIN SHYAMOL | 2022-09-19 00:00:00

CHATTOGRAM, Sept 18: Industrial black smokes - carbon and zinc-mixed air once known as environment pollutant as chimneys of steel and other metal making factories had been emitting those regularly into the air only a decade ago, has now become...

Orion Infusion stock price jumps to record high sans PSI

FE REPORT | 2022-09-19 00:00:00

Orion Infusion has been witnessing an 'abnormal' price surge and increased volume of share transactions, as its price closed at a record high of Tk 508.20 each on the Dhaka Stock Exchange (DSE) on Sunday.Share prices of the company jumped...

Stocks post modest gains, turnover jumps 46pc

FE REPORT | 2022-09-19 00:00:00

Stocks closed higher on Sunday, extending the gaining streak for a second consecutive session, as buoyant investors put fresh bets on selective stocks ahead of the dividend season for June-closing companies.The Dhaka Stock Exchange (DSE) opened higher and the key...

Power cuts to plunge S.Africa into darkness

2022-09-19 00:00:00

JOHANNESBURG, Sept 18 (AFP): Africa's most industrialised economy South Africa is again facing sweeping power cuts, caused by failures at ageing and poorly maintained infrastructure, the nationalised utility company said Sunday.The boss of state-owned Eskom Andre de Ruyter announced "a...

Steep Fed rate hike seen as certainty after ugly inflation data

2022-09-19 00:00:00

WASHINGTON, Sept 18 (AFP): The Federal Reserve is poised to unleash another massive interest rate increase this week after the latest data showed a worrying US inflation picture, which confirmed the need for the central bank to continue to act...

Bengal Commercial Bank and Trust Bank signed a sub-correspondent agreement

2022-09-19 00:00:00

Bengal Commercial Bank and Trust Bank signed a sub-correspondent agreement recently. Under the agreement, Bengal Commercial Bank's clients can send remittance to any branches of the bank through Ria Money Transfer. Tarik Morshed, managing director and CEO of Bengal Commercial...

ONE Bank training:

2022-09-19 00:00:00

ONE Bank Limited arranged a two-day training programme on 'Prevention of Money Laundering and Combating Financing of Terrorism' recently for the employees of the bank's Chattogram Zone. ABM Saif Sarwar, Additional Deputy Managing Director & CAMLCO of ONE Bank, delivered...

$25.62m new investment in Dhaka EPZ

2022-09-19 00:00:00

Hong Kong-Sri Lanka-Switzerland owned company Ms Gava Private Limited is going to establish a garments manufacturing industry in Dhaka EPZ, reports BSS.This fully foreign owned company will invest US$ 25.62 million where 3086 Bangladeshi nationals will get employment opportunities, said...

StanChart, LankaBangla Securities co-create real-time fund deposit in BO account

2022-09-19 00:00:00

Standard Chartered Bangladesh and LankaBangla Securities Limited (LBSL) have launched the nation's first ever digital collection solution for clients with real time reconciliation through Application Programming Interface (API) integration, says a press release. This newly-introduced digital platform will enable capital...

Drastic production fall of textiles amid gas shortage

FE REPORT | 2022-09-19 00:00:00

Production in the country's export-oriented textile mills has drastically fallen due to the ongoing gas supply shortage, the millers said, fearing that it might result in failure to achieve the $60 billion export earnings target set for the current fiscal.On...

DCCI, SME Foundation ink MoC for CMSME development

2022-09-19 00:00:00

Dhaka Chamber of Commerce and Industry (DCCI) and SME Foundation inked a Memorandum of Cooperation (MoC) on Sunday to work on access to finance and skills, reports BSS.Managing Director of SME Foundation Dr Md Mafizur Rahman and DCCI Secretary General...

US bank regulators for new rules for regional banks in times of crisis

2022-09-19 00:00:00

A group of bank regulators appointed by U.S President Joe Biden is considering new rules which will require big regional banks to add financial cushions that can be used in times of crisis, the Wall Street Journal reported on Sunday,...

'BADC-IRRI cooperation on sustainable crop production'

2022-09-19 00:00:00

Agriculture Ministry secretary Md. Sayedul Islam was present as the chief guest at the workshop on 'BADC-IRRI cooperation on sustainable crop production' organised by Bangladesh Agricultural Development Corporation (BADC) and the International Rice Research Institute (IRRI) in the city on...

Crisis-hit German toilet paper maker turns to coffee grounds

2022-09-19 00:00:00

FRANKFURT, Sept 18 (AFP): Choked by soaring energy and wood pulp costs, German toilet paper maker Hakle is turning to waste from coffee production to stay afloat and help the environment.Just two years ago, at the height of the coronavirus...

China doubles down on coal as energy crunch bites

2022-09-19 00:00:00

BEIJING, Sept 18 (AFP): China has stepped up spending on coal in the face of extreme weather, a domestic energy crunch and rising global fuel prices -- raising concerns Beijing's policies may hinder the fight against climate change.The country is...

Agrani Bank's business development meeting

2022-09-19 00:00:00

Md. Murshedul Kabir, Managing Director and CEO of Agrani Bank Limited, was present as the chief guest at the business development meeting at the bank's training institute in the capital on Sunday. Zonal heads, managers of different branches under Dhaka...

Govt working to revise renewable energy policy

2022-09-19 00:00:00

The government is working to revise the "Renewable Energy Policy of Bangladesh 2008" to make it more effective in the changed energy and power sector perspectives, reports UNB.Official sources said, Sustainable and Renewable Energy Development Authority (Sreda), the focal organization...

Barca cruise to win over Elche

2022-09-19 00:00:00

BARCELONA, Spain, Sept 18 (AP): Robert Lewandowski shook off his disappointing return to Bayern Munich by scoring twice to lead Barcelona to a 3-0 victory at home over 10-man Elche in the Spanish league on Saturday.They were Lewandowski's seventh and...

India's Shami out of Australia T20s with Covid

2022-09-19 00:00:00

NEW DELHI, Sept 18 (AFP): India pace bowler Mohammed Shami has been ruled out of next week's Twenty20 series against Australia after testing positive for coronavirus, the cricket board said on Sunday.Umesh Yadav has been called up as a replacement...

Arsenal move back to top spot

2022-09-19 00:00:00

LONDON, Sept 18 (AFP): Arsenal moved back to the top of the Premier League as goals from William Saliba, Gabriel Jesus and Fabio Vieira put the gloss on a dominant performance to beat Brentford 3-0.Injuries to captain Martin Odegaard and...