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Fresh MOUs likely to be signed

FE REPORT | 2022-08-05 00:00:00

Five to seven MoUs (Memorandums of understanding) will be signed during Chinese Foreign Minister Wang Yi's visit, senior officials of the foreign ministry said in Dhaka Thursday."The Chinese foreign minister will arrive in Dhaka on August 6 (Saturday) on a...

Govt further squeezes imports

DOULOT AKTER MALA | 2022-08-05 00:00:00

Taxes on a slew of commodities are set to increase as the government further squeezes imports under crunch-time austerity to mitigate pressure on Bangladesh's foreign-exchange reserves. Officials say that, attuned to the government austerity measures, the revenue board again moves...

Cost prices of stocks to be taken into account

FE REPORT | 2022-08-05 00:00:00

The banks' exposure limit to the capital market will now be calculated taking into account the cost prices of stocks as Bangladesh Bank (BB) issued a circular in this regard on Thursday."The cost price of stocks purchased by the banks...

Ten banks diagnosed as 'weak'

FE REPORT | 2022-08-05 00:00:00

Ten of Bangladesh's banks have been diagnosed 'weak' and remedial action is underway to protect 'depositors' interests', according to a declaration made Thursday. The central bank has decided their status as 'weak bank' as per four indicators -- their classified...

Weather (2022-08-05)

2022-08-05 00:00:00

Light to moderate rain/thunder showers accompanied by temporary gusty wind is likely to occur at many places over Rangpur, Rajshahi, Dhaka, Mymensingh, Khulna, Barishal, Chattogram and Sylhet divisions in the next 24-hour from 06:00 am today (Friday), according to the...

Another dengue patient dies

2022-08-05 00:00:00

Another dengue patient died and 91 others were hospitalised in 24 hours until Thursday morning, reports UNB.With the latest death, the authorities recorded 13 deaths from the viral infection this year, according to the Directorate General of Health Services (DGHS).The...

A female trader carries vegetables

2022-08-05 00:00:00

A female trader carries vegetables from Kawran Bazar wholesale market by a rickshaw to retail them elsewhere. The photograph was taken from the city's Tejgaon area on Thursday — FE Photo

ACC can investigate allegations against Grameen Telecom transactions

FE REPORT | 2022-08-05 00:00:00

The High Court (HC) has observed that the Anti-Corruption Commission (ACC) can do the needful to investigate authenticity of the allegations of diversion of funds by the Grameen Telecom, an organisation owned by Nobel laureate Professor Muhammad Yunus, to other...

DU teacher Samia's demotion declared illegal

FE REPORT | 2022-08-05 00:00:00

The High Court (HC) on Thursday declared illegal the decision taken in the Dhaka University (DU) syndicate giving demotion to Samia Rahman, a teacher of the Mass Communication and Journalism Department, on allegation of plagiarism in research papers. It also...

Mother of MBL vice chairman passes away

2022-08-05 00:00:00

Mosammat Shaheda Begum, mother of Mercantile Bank Limited (MBL) Vice Chairman A S M Feroz Alam, passed away in a city hospital at the age of 85 on Thursday, says a statement. She had been suffering from old age complications....

50 SPs get new postings

2022-08-05 00:00:00

In the biggest shake-up of police administration in a decade, as many as 50 superintendents of police have been sent to new postings, an official said on Thursday, reports UNB. The senior official at Police headquarters told the news agency...

General SM Shafiuddin Ahmed during his visit to the Airbus Defence and Space Factory in Spain

2022-08-05 00:00:00

Chief of Army Staff General SM Shafiuddin Ahmed during his recent visit to the Airbus Defence and Space Factory in Spain, which manufactured the 2nd Airbus CASA C295W purchased for Bangladesh Army — ISPR

New co underway to issue single e-ticket

MUNIMA SULTANA | 2022-08-05 00:00:00

A move has been made to form a new company to operate and issue single e-ticket for all mass transport as the metro rail is expected to roll this December.The government has already introduced rapid pass, an integrated circuit (IC)...

Nur Hossain gets life term in arms case

2022-08-05 00:00:00

A Narayanganj court has sentenced Nur Hossain, a convict in the Narayanganj 7-murder case, to life in prison for illegal possession of firearms, reports bdnews24.com.Additional District and Sessions Court Judge Sabina Yasmin delivered the verdict in the presence of Hossain...

OC among 36 cops sued over killing of Bhola BNP leader

2022-08-05 00:00:00

BHOLA, Aug 04 (UNB): Thirty-six policemen including the officer-in-charge of Bhola model police station were sued over the death of Swechchhasebak Dal activist Abdur Rahim in 'police firing' during a clash between BNP activist and police.The case was filed at...

People want to know who will be BNP leader in next polls: Quader

2022-08-05 00:00:00

Awami League General Secretary Obaidul Quader on Thursday said the people want to know who will be the leader of the Bangladesh Nationalist Party (BNP) in the next general elections, reports BSS."The people want to know who will be your...

Sheikh Kamal's 73rd birth anniv today

2022-08-05 00:00:00

The 73rd birth anniversary of Sheikh Kamal, the eldest son of Father of the Nation Bangabandhu Sheikh Mujibur Rahman, will be observed in a befitting manner today (Friday), reports BSS.Born on August 5, 1949 at Tungipara in Gopalganj, Sheikh Kamal...

Fakhrul urges party men not to shed tears but take revenge

2022-08-05 00:00:00

Taking a vow to take revenge for the murder of Noor-e-Alam and Abdur Rahim who were killed in police firing in Bhola, BNP Secretary General Mirza Fakhrul Islam Alamgir on Thursday urged the party rank and file to wage movement...

Nikkei index closes higher

2022-08-05 00:00:00

TOKYO, Aug 4 (AFP): Tokyo's benchmark Nikkei index closed higher on Thursday with investors emboldened by Wall Street gains and a weaker yen.The Nikkei 225 climbed 0.69 per cent, or 190.30 points, to end at 27,932.20, while the broader Topix...

Indian shares snap 6-day run of gains

2022-08-05 00:00:00

BENGALURU, Aug 4 (Reuters): Indian shares settled in the negative territory on Thursday as gains in IT stocks were offset by losses in banks, while investors kept an eye out for a central bank policy decision later this week.The NSE...

Foreigners turn sellers of Chinese shares in July on COVID worries

2022-08-05 00:00:00

Overseas investors turned net sellers of Chinese stocks in July, as mainland stock prices tumbled on concerns that COVID-19 flare-ups and ensuing lockdowns would further disrupt economic activity, reports Reuters.Refinitiv data showed foreigners sold a net 21.07 billion yuan ($3.12...

US SEC addresses Wall Street 'misconceptions' about conflicts of interest

2022-08-05 00:00:00

WASHINGTON, Aug 3 (Reuters): The US Securities and Exchange Commission (SEC) on Wednesday published a staff bulletin that seeks to clarify how broker dealers and investment advisors must address conflicts of interest when providing advice and recommendations to investors.The guidance...

Retail investors perceive stocks, bonds to be more arcane than crypto

2022-08-05 00:00:00

Retail investors find well-established stocks and bond markets to be more arcane than the wild world of cryptocurrencies, a survey by the World Economic Forum (WEF) showed on Thursday, reports Reuters.The privately-funded WEF's survey, in collaboration with BNY Mellon and...

Canada trade surplus widens on record energy exports

2022-08-05 00:00:00

OTTAWA, Aug 04 (Reuters): Canada's trade surplus with the world widened to C$5.05 billion ($3.94 billion) in June as exports of energy products reached a record high but analysts said it would narrow in months to come thanks to lower...

Reliance signs franchise deal with Balenciaga

2022-08-05 00:00:00

MUMBAI, Aug 04 (Reuters): India's bigger retailer Reliance said on Thursday that had signed a long-term franchise deal with French fashion house Balenciaga, the latest in a flurry of deals the conglomerate has signed with high-end brands.Reliance Brands Ltd (RBL),...

Italy, Intel close to $5.0b deal for chip factory

2022-08-05 00:00:00

ROME, Aug 04 (Reuters): Italy is close to clinching a deal initially worth $5 billion with Intel to build an advanced semiconductor packaging and assembly plant in the country, two sources briefed on discussions told Reuters on Thursday.Intel's investment in...

Hundreds of Amazon workers walk out over pay

2022-08-05 00:00:00

LONDON, Aug 04 (Reuters): Hundreds of Amazon workers at a warehouse in Tilbury in southeast England have walked out in protest over pay, the trade union GMB said, the latest sign of labour force discontent as the rising cost-of-living sparks...

Large Taxpayers Unit of NBR honoured different banks and institutions -

2022-08-05 00:00:00

The Large Taxpayers Unit (LTU) of the National Board of Revenue (NBR) has honoured different banks and other institutions as top taxpayers for the fiscal year 2021-22 in different categories in the city recently:

Rupali Bank introduces digital security system

2022-08-05 00:00:00

The Rupali Bank Ltd opened its central monitoring room on Thursday to ensure its overall security, says a press release.The digital watch activities will be conducted under the Security Division at the head office of the bank in the city....

Janata Bank Ltd holds meeting on remittamce

2022-08-05 00:00:00

The state-owned Janata Bank Ltd at a meeting on Thursday gave instructions to discourage remittance of money through hundi, ensure best services to expatriates and serve them on a priority basis so that money is remitted home in the shortest...