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Some union leaders misuse Tk 262m: DB

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

Some leaders of Grameen Telecom Workers-Employees Union with the connivance of Grameen Telecom authority embezzled over Tk 262 million, said a high official of the Detective Branch (DB) of police on Sunday. He said the DB police arrested Md Mainul...

10 manufacturing sectors have average 30pc skill gap: Survey

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

The country's 10 manufacturing sectors witness an average of 30 per cent skill gap that also increases with the level of technological sophistication of the industrial sectors, finds a study.The rate of annual training in these surveyed sectors is lower-only...

None can cast false vote thru EVM, claims Rasheda

2022-08-29 00:00:00

KHULNA, Aug 28 (BSS): Election Commissioner Rasheda Sultana on Sunday said anybody can not cast false vote through Electronic Voting Machine (EVM)."A voter can cast only one vote through EVM. The EVM is environment-friendly as it does not need ballot...

'BNP should take part in next polls to verify its popularity'

2022-08-29 00:00:00

Awami League (AL) presidium member Jahangir Kabir Nanak urged BNP to verify their popularity by participating in the next general elections, reports BSS."It will be proved in the next general elections whether people will give the mandate for the development...

Verdict in arms case against GK Shamim on Sept 25

2022-08-29 00:00:00

A tribunal in the city on Sunday fixed September 25 for handing down the verdict in an arms case filed against SM Golam Kibria Shamim, known as GK Shamim, and his seven bodyguards, reports BSS.Judge Sheikh Samidul Islam of the...

Section 144 imposed in Cox's Bazar, Rangamati

2022-08-29 00:00:00

Local administrations of Cox's Bazar's Pekua and Rangamati's Kaptai upazilas imposed Section 144 of the CrPC, that restricts freedom of assembly in their respective areas on Sunday to avert any untoward situation, reports UNB.The section 144 imposed by Pekua upazila...

Law minister lauds foreign policy of Bangabandhu

2022-08-29 00:00:00

Law, Justice and Parliamentary Affairs Minister Anisul Huq on Sunday lauded the foreign policy of Father of Nation Bangabandhu Sheikh Mujibur Rahman as it had ensured the principle of neutrality in the then bipolar world, reports BSS."In the then bipolar...

Time for do-or-die movement to restore democracy: Gayeshwar

2022-08-29 00:00:00

BNP senior leader Gayeshwar Chandra Roy on Sunday said a do-or-die movement is needed with the determination to hit back against the Awami League government to restore democracy in the country, reports UNB."We didn't think that we would return to...

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,...