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News Briefs (2022-07-15)

2022-07-15 00:00:00

Disbursement of dividend Asia Pacific General Insurance Company Ltd: The cash dividend for the year ended on December 31, 2021 have been transferred to the respective shareholders bank account through Bangladesh Electronic Fund Transfer Network (BEFTN) system on July 05,...

S M Jakaria Huq, Commercial Counsellor of Bangladesh High Commission, London receives

2022-07-15 00:00:00

S M Jakaria Huq, Commercial Counsellor of Bangladesh High Commission, London receives the Best Bank in Bangladesh 2022 Award trophy on behalf of Eastern Bank Limited (EBL) at the Euromoney Awards for Excellence ceremony held in London.

Achia Sea Foods makes debut Monday

2022-07-15 00:00:00

FE REPORTTrading of the shares of Achia Sea Foods will commence on Monday (July 18) on the SME Platforms of Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE).Achia Sea Foods will be the 14th listed firm in the DSE...

Doreen Hotels & Resorts to open Crowne Plaza Dhaka Gulshan

2022-07-15 00:00:00

IHG®Hotels & Resorts has signed an agreement with Doreen Hotels & Resorts Limited, to open Crowne Plaza Dhaka Gulshan in Bangladesh by the end of 2022.IHG® currently has presence in Dhaka through hotels operating across its leading global brands, InterContinental...

DSE turnover hits seven-week low--

FE REPORT | 2022-07-15 00:00:00

Turnover on Dhaka Stock Exchange (DSE) dropped below Tk 6.0 billion-mark Thursday, hitting a seven-week low, as investors were reluctant to put fresh funds in stocks amid persistent macroeconomic worries.Turnover, the crucial indicator of the market, fell 17 per cent...

Russia-Ukraine war: Towards a new world order?

Shihab Sarkar | 2022-07-15 00:00:00

As the Russia-Ukraine war rages unabated, with Ukraine abruptly turning real aggressive with its mortar shells fiercely hitting the enemy targets, the European flashpoint turns grimmer by the day. Regional watchers of the protracted conflict have at long last come...

Padma Bridge needs automated toll collection system

2022-07-15 00:00:00

An automated toll collection system is the need of the hour for the recently inaugurated Padma Bridge. For want of such a system and lack of adequate toll collection booths, people are experiencing long tailbacks on both the sides of...

Keeping our tourist spots clean

2022-07-15 00:00:00

During a recent visit to Cox's Bazar sea beach, I spotted some people, who were busy picking up empty plastic bottles, juice boxes, chip packs and other waste materials thrown on the beach by daily visitors. What caught my attention...

Raising awareness of mental health, suicide

2022-07-15 00:00:00

Bangladesh has recently ranked seventh among the world's angriest, saddest, and most stressed nations, according to the 2022 Global Emotions Report. Another survey conducted by Aanchal Foundation says that a total of 61.2 per cent of youths (aged between 18...

Edible oil prices and stubborn traders

Zahid Huq | 2022-07-15 00:00:00

The edible oil prices in the international market after reaching their record levels in May last, started declining and those are now about to return to 2020 levels. Traders are hopeful about a further slide in edible oil prices in...

Reaping rich dividends from Padma bridge

Nilratan Halder | 2022-07-15 00:00:00

Two flagship bridges of riverine Bangladesh, the Padma Bridge and Bangabandhu Setu, have revolutionised the country's communication. Of the two, the latest to have been opened to traffic is the bridge on the mighty river Padma known for its treacherous...

Mismatch between workforce export and remittance inflow

2022-07-15 00:00:00

Amid gloomy developments such as high inflation, falling reserves and Covid resurgence, the workforce export has emerged as a silver lining on the horizon. Bangladesh, according to a report published in this paper on Thursday last, sent nearly 1.0 million...

Brain drain-- still antagonist in Bangladesh?

FE Education Desk | 2022-07-14 12:00:00

Every year, during the winter and fall admission season, a swarm of Bangladeshi youngsters apply to pursue their undergraduate studies abroad. In 2019-2020, just before the pandemic- Covid-19 had hit the streets, around 8,800 students applied to the US alone....

How Masura succeeded

Rassiq Aziz Kabir | 2022-07-14 12:00:00

Fulbright scholarships are regarded as prestigious global scholarship programmes. The scholarships do not represent a monolith and are of many different types, with FLTA or Foreign Language Teaching Assistant programme being notable among them. The FLTA programme is sponsored by...

Coding for business professionals

Noshin Nawar | 2022-07-14 12:00:00

Given the need for problem-solving and automation across industries, business professionals are eager to learn coding to boost efficiency. Coding is no longer a skillset reserved only for professionals working in fields related to computer science. The integration of coding...

Russia it will deepen defence cooperation with Myanmar

2022-07-14 00:00:00

Russia and Myanmar are to deepen their defence cooperation after a meeting in Moscow between Myanmar's military leader, Min Aung Hlaing, and top Russian defence officials, Russia's Defence Ministry said on Tuesday, reports Reuters.The ministry said in a statement that...

Euro-dollar parity leaves ECB facing costly choices

2022-07-14 00:00:00

The euro's tumble to parity against the dollar has pushed the European Central Bank back against a wall, leaving its policymakers with only painful and economically costly choices, reports Reuters.Letting the currency fall further would push up already record-high inflation,...

China exports jump on easing virus rules

2022-07-14 00:00:00

BEIJING, July 13 (AFP): China's export growth surged more than expected in June after its largest city eased lockdown rules, official data showed Wednesday, but imports fell while lingering Covid controls kept consumers jittery.Business hub Shanghai reopened in June after...

Uniqlo owner's Q3 results to offer clues on China recovery, Japan inflation

2022-07-14 00:00:00

TOKYO, July 13 (Reuters): Japan's Fast Retailing, home of Uniqlo, is expected to report quarterly profit grew 11 per cent overall on Thursday, but investors' focus will be on whether China is recovering and how domestic consumers are faring with...

Gasoline, food drive US consumer prices higher in June

2022-07-14 00:00:00

WASHINGTON, July 13 (Reuters): US consumer prices accelerated in June as gasoline and food costs remained elevated, resulting in the largest annual increase in inflation in 40-1/2 years and cementing the case for the Federal Reserve to hike interest rates...

Teen dies in stampede over Eid meat in Keraniganj

2022-07-14 00:00:00

A teenage boy has died after being crushed in a stampede triggered by a rush to collect the meat of sacrificial animals from a house in Dhaka's South Keraniganj, reports bdnews24.com.Several others were injured in the incident that took place...

BD, Japan to sign fresh MoC to explore PPP opportunities

2022-07-14 00:00:00

MUNIMA SULTANABangladesh and Japan are set to sign a fresh memorandum of cooperation (MoC) for the next five years during the next joint platform meeting to carry out the development in investment opportunities of over US$ 8.0 billion created in...

City still remains in holiday mode

2022-07-14 00:00:00

FE REPORTDhaka metropolis remained in holiday mode on Wednesday with a poor presence of people at the workplace as many holidaymakers are yet to return from their roots after Eid-ul-Azha celebrations.Public, autonomous and private offices, including banks and financial institutions,...

CORONAVIRUS

2022-07-14 00:00:00

FE REPORTThe daily Covid-19 caseload jumped to 1,027 in Bangladesh on Wednesday from the previous day's 656.On the other hand, the number of fatalities from the coronavirus declined to five on the day against nine on Tuesday, according to the...

Int'l debit cards allowed to pay visa fees

FE REPORT | 2022-07-14 00:00:00

International cards (debit and prepaid) to be issued by the authorised dealers (ADs) can be used for online payments of visa- processing fees, the central bank said on Wednesday. The foreign exchange policy department of the Bangladesh Bank (BB) explained...

Woman journalist found dead in city

FE REPORT | 2022-07-14 00:00:00

Police recovered the dead body of a woman journalist from the city's Hazaribagh area on Wednesday. The deceased was identified as Sohana Parvin (37).Being informed, the police rushed to the spot and entered her room by breaking open the door...

Windies dismissed for 108 against BD

2022-07-14 00:00:00

PROVIDENCE ISLAND, (United Kingdom), July 13 (AFP): West Indies were dismissed for 108 batting first against Bangladesh in the second one-day international of a three-match series at the Guyana National Stadium on Wednesday. Brief scores at the end of the...

ADB tops list of loans pledged in FY '22

FHM Humayan Kabir | 2022-07-14 00:00:00

The Asian Development Bank (ADB) emerged as the top lender to Bangladesh, confirming US$2.08 billion worth of assistance in the just-concluded fiscal year (FY 2021-22), officials said on Tuesday. The Japan International Cooperation Agency (JICA) is the second-biggest lender in...

Briefing-14-07-2022

2022-07-14 00:00:00

Stocks extend losing streakStocks extended the losing streak for the second straight session Wednesday as investors released their holding amid growing macroeconomic worries. DSEX, the key index of the Dhaka Stock Exchange (DSE), went down by 30.68 points to settle...

BB defines private borrowers’ scope

FE REPORT | 2022-07-14 00:00:00

The private-sector borrowers can extend guarantees like corporate guarantee, personal guarantee, third-party guarantee, etc. to the foreign lenders as per the foreign-loan agreement.However, the guarantee can be extended provided the loan concerned has been approved by the Bangladesh Investment Development...