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World shares hit three-week high

2022-07-21 00:00:00

LONDON/BEIJING, July 20 (Reuters): World shares hit a three-week high on Wednesday as strong US corporate earnings and the expected resumption of Russian gas supply to Europe allayed fears of a recession, though the dollar hovered near two-week lows on...

News Briefs (2022-07-21)

2022-07-21 00:00:00

Disbursement of dividend Alif Industries Limited: The company has disbursed the cash dividend for the year ended June 30, 2021 to the respective shareholders.First Security Islami Bank Limited: The company informed that it has disbursed the cash dividend for the...

Gazprom bond payments trickle through to some creditors

2022-07-21 00:00:00

LONDON, July 19 (Reuters): Payments due on international bonds issued by Russia's Gazprom have been transferred to some creditors, a source familiar with the matter said on Tuesday, amid the economic tit-for-tat surrounding the country's gas flows to Europe.This includes...

Bank Asia signed agreement with International Finance Corporation

2022-07-21 00:00:00

Bank Asia Limited signed an agreement with International Finance Corporation (IFC), a member of World Bank Group, for Advisory Services on Risk Management & Credit Underwriting. Md Arfan Ali, President & Managing Director of Bank Asia, and Nuzhat Anwar, Senior...

ABM Mokammel Hoque Chowdhury inaugurated Union Bank's Bahaddarhat Branch

2022-07-21 00:00:00

ABM Mokammel Hoque Chowdhury, Managing Director & CEO of Union Bank Limited, inaugurated the bank's Bahaddarhat Branch in Chattogram as the chief guest through videoconferencing from the Head Office in Dhaka. Additional Managing Director Md Habibur Rahman, Deputy Managing Director...

ICSB gets new secretary, CEO

2022-07-21 00:00:00

Md. Zakir Hossain has joined the Institute of Chartered Secretaries of Bangladesh (ICSB) as the Secretary and Chief Executive Officer (CEO), says a press release. Prior to that, he was Registrar (Additional Secretary) of Registrar of Joint Stock Companies and...

DBCCI gets new office bearers

2022-07-21 00:00:00

Newly re-elected President Md. Anwar Shawkat Afser, Managing Director, Sakhi Lines Ltd. (Sakhi Group), took over the charges for the year 2022-24 for a third time at the Dutch-Bangla Chamber of Commerce & Industry (DBCCI), says a press release. He...

IDCOL signs $256.5 deal with Green Climate Fund

2022-07-21 00:00:00

IDCOL as the Direct Access Entity (DAE) of GCF, signed a Funded Activity Agreement (FAA) with GCF on Wednesday to receive USD 256.5 million concessional financing to promote energy efficiency in textile and RMG sectors of Bangladesh. The signing ceremony...

Tk 250b refinancing scheme for CMSME sector

FE Report | 2022-07-21 00:00:00

The central bank has set up a new refinancing scheme worth Tk 250 billion to support funding for cottage, micro, small and medium enterprises (CMSME) across the country, officials said.The central bank will provide the refinancing facility through eligible scheduled...

EBL wins 'Best Domestic Bank' award

2022-07-21 00:00:00

Eastern Bank Limited (EBL), a leading private sector commercial bank of the country, has been awarded as the Bangladesh's Best Domestic Bank 2022 by Asiamoney, a renowned global financial publication, says a press release. The bank received this prestigious recognition...

BIFC jumps 39pc in five days

FE REPORT | 2022-07-21 00:00:00

The share price of Bangladesh Industrial Finance Company (BIFC), a junk stock, is rising 'abnormally' as the company topped the gainers' list for the second straight session on Wednesday.The scam-hit non-bank financial institution's stock jumped 39 per cent in the...

Take steps to make capital market vibrant: PM

FE REPORT | 2022-07-21 00:00:00

Prime Minister Sheikh Hasina has advised the Bangladesh Securities and Exchange Commission (BSEC) to do the needful for keeping the country's stock market stable."The Prime Minister wants to see a vibrant capital market. She has instructed us to take whatever...

Eastland Insurance approves 10pc cash dividend in 35th AGM

2022-07-21 00:00:00

The 35th Annual General Meeting (AGM) of Eastland Insurance Co. Ltd. was held on Wednesday through a virtual platform to avoid spreading of Covid-19, says a press release. The meeting was presided over by Mahbubur Rahman, Chairman of the company....

Stocks extend losses but turnover jumps 108pc

FE REPORT | 2022-07-21 00:00:00

Stocks extended the losing streak for a seventh consecutive session on Wednesday as jittery investors, facing confidence crisis, continued their relentless sell-offs. The market witnessed a positive trend in the early trading but failed to maintain the momentum as investors...

BGMEA seeks support of IMF on strategic vision of RMG industry

2022-07-21 00:00:00

A delegation of the International Monetary Fund (IMF) led by IMF Mission Chief for Bangladesh Rahul Anand paid a courtesy call on BGMEA President Faruque Hassan at BGMEA's PR office in Gulshan of the city on Wednesday, says a press...

Oil prices slip ahead of U.S. inventory data

2022-07-21 00:00:00

Oil prices fell as much as $2 a barrel on Wednesday, under pressure from global central bank efforts to limit inflation and ahead of an expected build-up in U.S. crude inventories, reports Reuters.Brent crude prices for September were down $1.68,...

RBI ready to 'spend $100bn more' defending rupee

2022-07-21 00:00:00

India's central bank is prepared to sell a sixth of its foreign exchange reserves to defend the rupee against a rapid depreciation after it plumbed record lows in recent weeks, a senior source aware of the central bank's thinking told...

Kabir Bin Anwar presides over an emergency meeting

2022-07-21 00:00:00

Water Resources Ministry Senior Secretary Kabir Bin Anwar presides over an emergency meeting on Wednesday at the Pani Bhaban in the city as part of the move to save electricity and energy at the national level. The meeting took some...

Pak rupee slides to record low of Rs226 vs dollar

2022-07-21 00:00:00

The Pakistani rupee's downward spiral continued on Wednesday for the third consecutive day as it plunged by Rs4 against the greenback and was being traded at Rs226.51 in the inter-bank market, according to The Express Tribune/Reuters.The rupee fell 2% on...

Daylong Nat'l Ranking Open tournament starts today

2022-07-21 00:00:00

National Ranking Open Tournament-3 will be held today (Thursday) at Shaheed Ahsan Ullah Master Stadium in Tongi, reports BSS.Sixty one men's and women's archers will compete for the ranking in the recurve and compound division. The daylong tournament will be...

Baridhara force Chittagong Abahani to play 2-2 draw

2022-07-21 00:00:00

Coming from 0-2 behind, Uttar Baridhara Club forced Chittagong Abahani Limited to play 2-2 draw in the 12-team Bangladesh Premier League (BPL) Football at the Sheikh Fazlul Haque Moni Stadium in Gopalganj on Wednesday, reports UNB.After day's 20th round match,...

Serena, Djokovic named in Cincinnati draws

2022-07-21 00:00:00

LOS ANGELES, July 20 (AFP): Serena Williams will play in next month's Cincinnati Open WTA tournament as she builds towards a possible US Open appearance, organizers said Tuesday.The 23-time Grand Slam singles champion, who last week was named in the...

PSG labour past Japan's Kawasaki

2022-07-21 00:00:00

TOKYO, July 20 (AFP): Lionel Messi scored but Paris Saint-Germain were made to work hard for a 2-1 win over Kawasaki Frontale on Wednesday in the first match of their pre-season Japanese tour.Star forwards Messi, Neymar and Kylian Mbappe all...

Pakistan break Galle record to beat Sri Lanka

2022-07-21 00:00:00

GALLE, Sri Lanka, July 20 (AFP): Abdullah Shafique hit an epic 160 to anchor Pakistan's record chase of 342 at Galle as the tourists won a thrilling opening Test against Sri Lanka on Wednesday.The opener capped his marathon display with...

Qatar WC final stadium to host first match

2022-07-21 00:00:00

DOHA, July 20 (AFP): The first official match at the Lusail stadium that is to host this year's World Cup final will be held next month, Qatar's national federation said Tuesday.Al Rayyan and Al Arabi will dispute a Qatar Stars...

Bangladesh gear up for Zimbabwe tour

2022-07-21 00:00:00

The Bangladesh team management will hardly bring any changes for the side's T20 International and ODI squad for Zimbabwe tour, reports BSS.The team will be more or less same, which recently visited West Indies. Ace all-rounder Shakib Al Hasan however...

Farmer shot dead in Chattogram

2022-07-21 00:00:00

CHATTOGRAM, Jul 20 (UNB): A 30-year-old farmer was shot dead allegedly by some miscreants at Padua union in Rangunia upazila of Chattogram in the early hours of Wednesday, said police.The dead is Md Enam, a resident of the union.Locals said...

Be economical in power consumption

2022-07-21 00:00:00

Inspector General of Police (IGP) Benazir Ahmed has directed all the police units to be frugal in power consumption in order to properly comply with government's regulations on power saving in the current context of energy crisis, reports UNB.The IGP...

Railway irregularities protested in Chuadanga

2022-07-21 00:00:00

CHUADANGA, Jul 20 (UNB): Twelve students of different schools and colleges under the banner of Chuadangar Shadharon Shikkharthibrindo staged a sit-in at Chuadanga railway station on Wednesday protesting black marketing of train tickets, irregularities in ticket sale and harassment of...

Two power officials get five yrs in jail

2022-07-21 00:00:00

BARISHAL, July 20 (UNB): A court in Barishal has sentenced two engineers of Power Grid Company of Bangladesh (PGCB) to five years in jail for amassing wealth worth Tk 13.6 million through illegal means.Barisal's Divisional Special Court Judge Mehdi Al...