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Razzaque warns of legal action against artificial crisis of fertilisers

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

The government will take strict legal action if anyone's involvement is found in creating artificial crisis of fertilisers, warned Agriculture Minister Dr Mohammad Abdur Razzaque on Thursday while justifying the recent price hike of the agri input. "We (the government)...

News Briefs (2022-08-05)

2022-08-05 00:00:00

Disbursement of dividend Heidelberg Cement Bangladesh Ltd: The company has disbursed the cash dividend for the year ended on December 31, 2021 to the respective shareholders bank accounts through BEFTN and bank transfer and the shareholders having folio numbers have...

IBBL recognized by Bangladesh Bank

2022-08-05 00:00:00

Islami Bank Bangladesh Limited has been recognized by Bangladesh Bank as a leading partner for operating its digital smart payment booth at Gabtoli cattle market under the 'Smart Bangladesh Smart Haat' project jointly organised by Bangladesh Bank and Dhaka North...

UCB signs MoU with RHD

2022-08-05 00:00:00

United Commercial Bank Limited (UCB) recently signed an agreement with Roads and Highways Department (RHD) for cash collection and deposit services of Jatir Pita Bangabandhu Sheikh Mujibur Rahman Mohasarok (N-8 Expressway) at the Roads and Highways Department's Dhaka Zone office....

City Alo, BWCCI sign MoU

2022-08-05 00:00:00

City Alo recently signed a memorandum of understanding (MoU) for strategic partnership with Bangladesh Women Chamber of Commerce and Industry (BWCCI) at the BWCCI premises, says a statement. Through this strategic partnership City Alo & BWCCI will work jointly on...

Orion Infusion's share keeps rising sans PSI

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

Orion Infusion is witnessing an 'abnormal' hike in its share price and increase in volume of the company's securities transacted in recent weeks though there is no undisclosed price sensitive information (PSI) to justify the same. Within a month, Orion...

Focus on separate board for startups in bourses

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

Discussants at a conference made the suggestions of forming a separate board in the bourses along with ensuring support of the regulatory bodies concerned to facilitate growth of the country's startups.Their suggestions came at the conference titled 'Capital Market of...

Stocks post modest rise after bumpy ride

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

Stocks witnessed a modest rise on Thursday after high volatility throughout the session as investors were active on both sides of the trading fence. The market moved between positive and negative multiple times during the session but last moment buying...

German industrial orders slide

2022-08-05 00:00:00

FRANKFURT, Aug 04 (AFP): German industrial orders dipped in June, official figures published Thursday showed, as Europe's largest economy faced the threat of a recession in the months to come.New orders-which usually provide a foretaste of industrial output-fell by 0.4...

Dubai's economy drives Tecom Group's profits up 54 per cent

2022-08-05 00:00:00

DUBAI, Aug 04 (Arab News): TECOM Group recorded a 54 per cent increase in its net profit in the second quarter due to "continued buoyancy" in the economic climate of the emirate, according to a statement issued by the Dubai...

ING profits hit by Turkey's hyper-inflation

2022-08-05 00:00:00

THE HAGUE, Aug 04 (AFP): Dutch banking giant ING reported on Thursday a 20-per cent drop in net profit in the second quarter, hit by soaring inflation in Turkey and concerns about the global economy.ING booked a profit of 1.18...

Eurozone consumers fear stagflation : ECB survey

2022-08-05 00:00:00

FRANKFURT, Aug 04 (AFP): Consumers in the eurozone expect inflation to stay high and the economic growth to go into reverse over the next year, according to a new survey published by the European Central Bank on Thursday.The first issuance...

Brazil hikes interest rate

2022-08-05 00:00:00

BRASÍLIA, Aug 04 (AFP): Brazil's central bank raised its benchmark interest rate for the 12th straight time Wednesday, citing an "adverse and volatile" global economy, and indicated its tightening cycle, one of the world's most aggressive, may not be over.The...

12th AGM of Sonali Investment

2022-08-05 00:00:00

The shareholders of Sonali Investment Limited, a subsidiary of Sonali Bank Limited, approved the financial statements of the Sonali Investment for the year ended on December 31, 2021 and a 10 per cent dividend amounting to Tk 2.0 billion (20,00...

IFIC Bank partners with Ria Money Transfer

2022-08-05 00:00:00

The IFIC Bank Limited and the Ria Money Transfer (Ria), a global leader in international money transfer and payment services, have announced the launch of a remittance payout service through the private commercial bank. Shah A Sarwar, MD and CEO...

47 personalities, enterprises get Branding Heroes Award

2022-08-05 00:00:00

Bangladesh's top electronics manufacturer Walton has honoured 47 personalities and enterprises with Branding Heroes Award in recognition of their outstanding contribution in raising sales growth through root-level creative branding under its Digital Campaigns. Coming up with important directives and instructions...

Govt mulls taking IMF loan as precautionary measure: Kaikaus

2022-08-05 00:00:00

Principal Secretary to the Prime Minister Dr Ahmad Kaikaus has said that the government is thinking over taking loans from the International Monetary Fund (IMF) as precautionary measures to tackle the global crisis in advance, reports BSS."...The world is heading...

Govt giving priority to sending skilled workers abroad

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

The government is giving priority to sending skilled workers abroad to help boost remittance inflow, said Expatriates' Welfare and Overseas Employment Minister Imran Ahmad on Thursday.He said there is a good demand for Bangladeshi workers in different countries, which are...

BTRC declares Edotco an SMP

ISMAIL HOSSAIN | 2022-08-05 00:00:00

The Bangladesh Telecommunica-tion Regulatory Commission (BTRC) declared mobile tower company Edotco Bangladesh as a significant market power (SMP).The regulator also imposed some restrictions on Edotco following the SMP declaration.As per the restrictions, Edotco - from now on - cannot lease,...

Australian cricket fears 'missing generation'

2022-08-05 00:00:00

SYDNEY, Aug 04 (AFP): Australian cricket could suffer from a "missing generation" of children taking up the game after first-time participation in junior programmes fell by 15,000 last season because of the coronavirus pandemic.While club players have returned in strong...

SAOT to be used in Champions League

2022-08-05 00:00:00

Semi-automated offside technology (SAOT) will be used in the Champions League this season after being introduced for next week's UEFA Super Cup match between Real Madrid and Eintracht Frankfurt, European football's governing body said on Wednesday, reports Reuters.

Japan's Hinako Shibuno

2022-08-05 00:00:00

Japan's Hinako Shibuno watches her shot from the 16th tee during her opening round 65 on the first day of the 2022 Women's British Open Golf Championship at Muirfield golf course in Gullane, Scotland, on Thursday — AFP

New Zealand's Havana Hopman

2022-08-05 00:00:00

New Zealand's Havana Hopman competes with the ball in the individual qualification and team final rhythmic gymnastics event at the Arena Birmingham, on day seven of the Commonwealth Games in Birmingham, central England, on Thursday — AFP

Thompson-Herah wins C'wealth 100m as Titmus stars in pool

2022-08-05 00:00:00

BIRMINGHAM, United Kingdom, Aug 04 (AFP): Olympic 100m champion Elaine Thompson-Herah cruised to Commonwealth gold on Wednesday as Australia's Ariarne Titmus completed a stunning individual freestyle treble on the last night of swimming action.Elsewhere on the second day of track...

Khaled calls Tigers' capitulation to Zimbabwe a 'disgrace'

2022-08-05 00:00:00

Bangladesh team director Khaled Mahmud termed Bangladesh's loss to Zimbabwe in the three-match T20I series a 'disgrace', saying that he was disappointed. Zimbabwe won their first-ever T20I series against any Test-playing nation after beating Bangladesh by 10 runs in the...

Tigers take on Zimbabwe in first ODI match today

2022-08-05 00:00:00

Bangladesh will take on Zimbabwe in the first match of three-match ODI series today (Friday) at Harare Sports Club.The match will begin at 1.15pm (Bangladesh Time) and it will be aired live on T Sport Channel, reports BSS.SquadsBangladesh: Tamim Iqbal...

BD face India in SAFF U-20 final today

2022-08-05 00:00:00

Spirited Bangladesh U-20 national football team take on defending champions India in the final match of SAFF U-20 Championship scheduled to be held today (Friday) at Kalinga Stadium in Bhubaneswar, India.The match kicks off at 7.30 pm (BST), reports BSS.Prior...

Woman found dead in Manikganj

2022-08-05 00:00:00

MANIKGANJ, Aug 04 (BSS): Police have recovered the body of an unidentified woman from Pukhuria area under Ghior upazila of the district.Being informed by locals, police recovered the body of woman from the Pukhuria area beside Dhaka-Aricha Highway around 9:00...

Lightning strike kills two in Natore

2022-08-05 00:00:00

NATORE, Aug 04 (UNB): A 60-year-old man and his grandson died after being struck by lightning in Singra upazila of Natore on Wednesday.The dead is Amir Sheikh, and his sixth grader grandson Pappu (14) of the upazila.Chowgram Union Parishad Chairman...

Schoolteacher drowns while crossing river in Thakurgaon

2022-08-05 00:00:00

THAKURGAON, Aug 04 (UNB): Fire service members recovered the body of a 45-year old primary school-teacher on Thursday from the Tangon river in Thakurgaon sadar upazila after he went missing while crossing the river by swimming.The dead is Tailakkha Barman,...