FE Today Logo

Search results for:


Badiul Alam Majumder addressing a discussion

2022-08-29 00:00:00

Sushashoner Jonno Nagorik (Sujan) Secretary Badiul Alam Majumder addressing a discussion on "Usefulness of EVMs in national elections" at the National Press Club in the city on Sunday — Focus Bangla

Meituan beats Q2 estimates with slowest growth in two years

2022-08-29 00:00:00

BEIJING, Aug 28 (Reuters): Chinese food delivery company Meituan on Friday reported a 16.4 per cent rise in quarterly revenue from a year earlier, its slowest quarterly growth in two years, but better than analysts' estimates.China experienced a rise in...

Saudi developer Jabal Omar to settle $1.4b debt

2022-08-29 00:00:00

RIYADH, Aug 28 (Arab News): Jabal Omar Development Co.'s shareholders have approved a capital hike plan aimed at reducing the company's liabilities by SR5.3 billion ($1.4 billion).The amount to be settled is mainly made up of rent payments and other...

Abbott restarts Similac infant formula production

2022-08-29 00:00:00

NEW YORK, Aug 28 (Reuters): Abbott Laboratories has restarted production of its Similac infant formula at the plant in Sturgis, Michigan at the center of the US baby formula shortage.Abbott, the biggest U.S. supplier of baby formula, in February recalled...

Princess Diana's sporty Ford Escort sells for £737,000

2022-08-29 00:00:00

LONDON, Aug 28 (AFP): A sporty Ford Escort that was once princess Diana's runabout sold at auction for £737,000 on Saturday, a few days before the 25th anniversary of her death.The modest car, with just 24,961 miles (40,000 km) on...

Plenty of roadblocks for automakers seeking EV success

2022-08-29 00:00:00

NEW YORK, Aug 28 (AFP): The world's top automakers -- motivated either by governmental regulations or pure profit -- have made a sharp turn away from fossil fuel vehicles. But there are plenty of obstacles on the road to a...

Uttara Bank Chairman Azharul Islam -

2022-08-29 00:00:00

Uttara Bank Limited Chairman Azharul Islam, Director Badrunnesa Sharmin Islam, and Managing Director and CEO Mohammed Rabiul Hossain with others after handing over the rewards to top achievers of business targets in 2021 at a conference on 'Business Development and...

Aisha becomes first female Emirati captain

2022-08-29 00:00:00

ABU DHABI, Aug 28 (Arab News): Etihad Airways celebrated this week Cpt. Aisha Al-Mansoori, who has become the UAE's first female captain at a commercial airline.It is a significant milestone in Etihad's efforts to expand the roles of women in...

28th Branch Managers' Conference-2022 of ICB held

2022-08-29 00:00:00

The 28th Branch Managers' Conference-2022 of Investment Corporation of Bangladesh (ICB) was held at a city restaurant on Saturday, with ICB Managing Director Md Abul Hossain in the chair. Chairman of ICB Board of Directors Prof Dr Md Kismatul Ahsan...

666th board meeting of Southeast Bank held

2022-08-29 00:00:00

The 666th board meeting of Southeast Bank Limited was held at its head office in the city on Sunday. Board of directors of the bank including all participants observed a one-minute silence to pay homage and mark the day of...

News Briefs (2022-08-29)

2022-08-29 00:00:00

Disbursement of dividend Standard Bank Limited: The company has credited the bonus shares to the respective shareholders' BO accounts and it has also disbursed cash dividend to the respective shareholders for the year ended December 31, 2021.Sonali Aansh Industries Limited:...

Al-Arafah Islami Bank signed agreement with Popular Diagnostic Centre

2022-08-29 00:00:00

Al-Arafah Islami Bank Limited has signed an agreement with Popular Diagnostic Centre Ltd. on Sunday. Deputy Managing Director of the bank Md Shafiqur Rahman and Head of HR and Admin of Popular Diagnostic Centre Ltd. Achinto Kumar Nag exchanged the...

World Mosquito Day 2022, Green Delta Insurance initiated and completed awareness campaign

2022-08-29 00:00:00

On the occasion of World Mosquito Day 2022, Green Delta Insurance has initiated and completed an awareness campaign featuring garbage cleaning drive for underprivileged community at Korail slum in Dhaka recently. Volunteer for Bangladesh and Manobotar Jonno Amra Foundation were...

Three-day Int'l Fire Safety, Security Expo from Nov 24

2022-08-29 00:00:00

The three-day 8th International Fire Safety and Security Expo 2022 will be held from November 24 to 26 at the Bangabandhu International Conference Centre (BICC) in the city, says a statement.In this connection, Electronics Safety and Security Associ-ation of Bangladesh...

Uttara Motors launches stylish SUZUKI XL6

2022-08-29 00:00:00

Uttara Motors Limited, the sole distributor of Suzuki vehicles in Bangladesh, launched all new SUZUKI XL6, a premium SUV at the SUZUKI showroom at Uttara Centre in the city recently, said a press release.Nayeemur Rahman, head of Business Planning of...

BD to import 500,000 tonnes of wheat from Russia

2022-08-29 00:00:00

The deal with Russia will be signed in a few days and the shipment will take place in phases by January, a government official says, according to bdnews24.com.Bangladesh is set import 500,000 tonnes of wheat at $430 a tonne from...

Berger Paints holds 49th AGM

2022-08-29 00:00:00

The 49th Annual General Meeting (AGM) of Berger Paints Bangladesh Limited was held recently on a digital platform, with its Chairman Gerald K Adams in the chair, says a statement. Rupali Chowdhury, Managing Director, along with other directors -- Anil...

IFIC Bank to issue Tk 5.0b subordinated bond -

FE REPORT | 2022-08-29 00:00:00

The board of directors of IFIC Bank has taken a decision to issue a non-convertible coupon-bearing subordinated bond worth Tk 5.0 billion to raise its Tier-2 capital.The bank will issue the subordinated bond to help the bank meet the Basel...

Increase IPO quota for MFs

FE REPORT | 2022-08-29 00:00:00

Asset Management Companies (AMCs) have made a set of proposals, including an increase in IPO (initial public offering) quota for mutual funds (MFs), to boost investors' confidence in such funds.The proposals were placed at a meeting held at the office...

ILFSL posts loss for third straight year

FE REPORT | 2022-08-29 00:00:00

The scam-hit International Leasing & Financial Services Ltd (ILFSL) continued to suffer losses for three consecutive years as it reported a loss of Tk 2.05 billion for 2021.International Leasing is one of the four non-bank financial institutions (NBFIs) associated with...

DSE turnover scales Tk 21b mark

FE REPORT | 2022-08-29 00:00:00

Stocks extended their winning streak on Sunday, with turnover crossing Tk 21 billion mark after 11 months, as enthusiastic investors put fresh funds on major sector shares amid high hopes.Turnover, a crucial indicator of the market, stood at Tk 21.05...

Sinopec's interim profit soars on stronger oil, gas prices

2022-08-29 00:00:00

BEIJING, Aug 28 (Reuters): China Petroleum and Chemical Corp, or Sinopec Corp, reported interim net income surged 10.4 per cent to a record 43.53 billion yuan ($6.33 billion), thanks to strong oil and gas prices despite weakened domestic fuel sales.Sinopec,...

Dell ceases all Russian operations after Aug offices closure

2022-08-29 00:00:00

MOSCOW, Aug 28 (Reuters): Dell Technologies Inc. said on Saturday it had ceased all Russian operations after closing its offices in mid-August, the latest in a growing list of Western firms to exit Russia.The US computer firm, a vital supplier...

Alhokair trims first-half losses by 49pc

2022-08-29 00:00:00

RIYADH, Aug 28 (Arab News): Abdulmohsen Alhokair Group for Tourism and Development has narrowed down its losses by 49 per cent in the first half of 2022, thanks to strong revenue growth.The Saudi hospitality giant managed to bring down its...

‘Bank of Korea must raise rate’

2022-08-29 00:00:00

SEOUL, Aug 28 (Reuters): The Bank of Korea (BOK) must keep raising interest rates until the rate of inflation is in decline, but the central bank likely could not halt its tightening before the US Federal Reserve, Governor Rhee Chang-yong...

ECB policymakers make case for a big rate hike

2022-08-29 00:00:00

JACKSON HOLE, Aug 28 (Reuters): European Central Bank (ECB) policymakers made the case on Saturday for a large interest rate hike next month as inflation remains uncomfortably high and the public may be losing trust in the bank's inflation-fighting credentials.The...

Indian investors eye large-scale JVs: BIDA

2022-08-29 00:00:00

Indian entrepreneurs have expressed their interest in boosting bilateral trade and commerce through large-scale joint venture investments in Bangladesh, reports BSS.Bangladesh Investment Development Authority (BIDA) Executive Chairman Md Sirazul Islam disclosed it while speaking at a press conference at BIDA...

Strike at Spain's Iberia Express grounds flights

2022-08-29 00:00:00

MADRID, Aug 28 (AFP): Iberia Express, the low-cost arm of Spain's national carrier, cancelled eight domestic flights Sunday as cabin crew launched a 10-day strike for higher wages amid soaring inflation.The walkout, which will run from August 28 to September...

India bans export of wheat flour to curb rising prices

2022-08-29 00:00:00

The Union government on Saturday banned the export of wheat flour, maida, semolina and wholemeal aata to control rising prices, reports Reuter.In May, India banned the export of wheat itself after a spate of severe heat waves since March curtailed...

Mohammad Jahangir Alam is speaking at the opening ceremony

2022-08-29 00:00:00

Managing Director of GPH Ispat Mohammad Jahangir Alam is speaking at the opening ceremony of a free medical camp organised by GPH Ispat on Sunday for the women of Kumira at Sitakunda in Chattogram