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First Security Islami Bank inaugurated 61st Foundation Course

2022-08-24 00:00:00

First Security Islami Bank Limited inaugurated the 61st Foundation Course for newly recruited Probationary Officers at the FSIBL Training Institute on Tuesday. The photo shows Syed Waseque Md. Ali, Managing Director of the bank, and other officials posing with the...

News Briefs (2022-08-24)

2022-08-24 00:00:00

Suspension of tradingFirst Finance: Trading of the shares of First Finance Limited will remain suspended on its record datesp today (Wednesday). — DSE Online

Saifuddin re-appointed BGIC CEO

2022-08-24 00:00:00

Ahmed Saifuddin Chowdhury, Managing Director & CEO of Bangladesh General Insurance Company Ltd. (BGIC), has been re-appointed for a period of three more years (2022-25) for the 4th consecutive term. He joined BGIC in 1986 and started working at the...

Union Capital gets new chairman

2022-08-24 00:00:00

Dr GM Khurshid Alam has been elected the new chairman of Union Capital Limited at the 291st meeting of the Board of Directors of the company recently. He is representing the EC Securities Limited in the Board of Union Capital....

BSEC revises stock market hours

FE REPORT | 2022-08-24 00:00:00

Bangladesh Securities and Exchange Commission (BSEC) on Tuesday revised the trading hours for both the bourses of the country.As per new schedule effective from today (Wednesday), the stock market hours will now start 9:30am and close at 1:50pm. The revised...

Share prices of three cos rising 'abnormally'

FE REPORT | 2022-08-24 00:00:00

Share prices of three more companies -- Orion Infusion, Paper Processing & Packaging and Kay & Que (Bangladesh) -- have been soaring 'abnormally' even as there is no undisclosed price sensitive information (PSI) behind such price surge.The share price of...

National Bank rolls out multi-currency debit card

2022-08-24 00:00:00

National Bank Limited launched its first-ever Visa-branded, EMV Chip-enabled Multi-Currency Debit Card with NFC (Near Field Communication) technology under Q-Cash Network at an event at its Head Office in Dhaka on Tuesday, says a statement.This Debit Card can be used...

Stocks rally as turnover rises

FE REPORT | 2022-08-24 00:00:00

Stocks extended the winning streak for a sixth straight session on Tuesday, with turnover hitting a fresh seven-month high, thanks to higher participation of general investors.The market opened higher and the key index rose about 52 points in the first...

Gold holds steady as focus turns to Jackson Hole

2022-08-24 00:00:00

Gold steadied on Tuesday after touching a near one-month low in the previous session, as cautious investors weighed economic risks against hawkish signals from Federal Reserve officials ahead of a central bank symposium this week, reports Reuters. Having slipped in...

Bangladesh Krishi Bank held a Business Review Meeting -

2022-08-24 00:00:00

Bangladesh Krishi Bank (BKB) held a Business Review Meeting with General Managers of all divisions, Divisional Audit Officers, Corporate Heads, Chief Regional Managers & Regional Managers at the bank's board room on Monday. Chairman of the bank Md Nasiruzzaman addressed...

Awami League presidium member Advocate Kamrul Islam and others pray at a discussion

2022-08-24 00:00:00

Awami League presidium member Advocate Kamrul Islam and others pray at a discussion on Monday at the Janata Bank head office in the city. Janata Bank Managing Director and CEO Md. Abdus Salam Azad attended the discussion as the chief...

Oil climbs as tight supply moves back into focus

2022-08-24 00:00:00

LONDON, Aug 23 (Reuters): Oil rose $1.0 a barrel on Tuesday as tight supply moved back into focus as a result of Saudi Arabia floating the idea of OPEC+ output cuts to support prices and the prospect of a drop...

Mohammad Masoom inaugurates a Tree Plantation Programme

2022-08-24 00:00:00

Mohammad Masoom, Managing Director & CEO of Citizens Bank PLC, inaugurates a Tree Plantation Programme at the premises of Motijheel Government Boys' High School in the city on the occasion of 47th martyrdom anniversary of Father of the Nation Bangabandhu...

EXIM Bank organises Kangali Bhoj

2022-08-24 00:00:00

EXIM Bank organises Kangali Bhoj on the occasion of 47th martyrdom anniversary of Bangabandhu Sheikh Mujibur Rahman at the Faridpur branch of the bank. Manager of Exim Bank Faridpur branch Kazi Md. Asaduzzaman and local dignitaries were present at the...

Bengal Commercial Bank held 14th Board Meeting

2022-08-24 00:00:00

Bengal Commercial Bank Ltd held its 14th Board Meeting on Wednesday at the bank's Head Office in Dhaka with Md Jashim Uddin, Chairman of the bank, in the chair. The Board discussed the life and activities of Father of the...

IFIC Bank paid rich tributes to Bangabandhu Sheikh Mujibur Rahman

2022-08-24 00:00:00

IFIC Bank Ltd has paid rich tributes to Bangabandhu Sheikh Mujibur Rahman marking his 47th martyrdom anniversary with Shah A Sarwar, MD & CEO of the bank, placing a wreath at the mausoleum of the Father of the Nation at...

Southeast Bank distributed food items --

2022-08-24 00:00:00

Southeast Bank Limited distributed food items among the distressed people in the Feni region recently as a part of its month-long programme to pay tributes to Bangabandhu marking the National Mourning Day. Nur Uddin Absar, Head of Feni Branch of...

Uber expands services to 20 cities in BD's 8 divs

FE REPORT | 2022-08-24 00:00:00

Ride hailer Uber on Tuesday announced the expansion of its services to 20 cities, spread across all eight divisions in Bangladesh. "We aim to double down on serving the mobility needs of our customers by focusing on products that best...

Local co to invest $39m in Dhaka EPZ

2022-08-24 00:00:00

Bangladeshi company Ms Trendy Textiles Limited is going to establish a knit composite textile industry in Dhaka EPZ, reports BSS.This fully Bangladeshi-owned company will invest US$ 38.99 million where 2993 Bangladeshi nationals will get employment opportunities, said a press release.The...

Rooppur N Power Plant to help cut power deficit

2022-08-24 00:00:00

The Parliamentary Committee on Public Undertakings on Tuesday recommended adjusting the price of fuel in the country with the international market, reports BSS.The parliamentary watchdog suggested it to the concerned ministry, said an official release.The committee made the recommendation at...

Wage app to help RMG makers bargain with global buyers

FE REPORT | 2022-08-24 00:00:00

Bangladesh Knitwear Manufacturers and Expor-ters Association (BKMEA) has initiated a move to help factories develop their price negotiation skills with global buyers through using an app, named 'Fair Price'. In this connection, BKMEA and Sustainable Textile Initiative: Together for Change...

BD needs to develop long-term strategy on trade ties with EU

FE REPORT | 2022-08-24 00:00:00

Bangladesh needs to develop a longer-term strategy and action plan for strengthening trade and economic ties with the EU taking the emerging issues and policy shifts there into consideration mainly to address the post graduation challenges. The country also needs...

Russia condemns Israeli missile strikes on Syria

2022-08-24 00:00:00

MOSCOW, Aug 23 (Reuters): Russia's Foreign Minister Sergei Lavrov on Tuesday condemned Israeli missile attacks against Syria, in comments that underline a chill in once-warm Russian-Israel relations.Lavrov was speaking at a joint news conference alongside his Syrian counterpart, Faisal Mekdad....

Term-limit row leaves Thai PM facing calls to quit

2022-08-24 00:00:00

BANGKOK, Aug 23 (AFP): A legal showdown that could oust embattled Thai Prime Minister Prayut Cha-O-Cha reaches the country's constitutional court this week, threatening fresh political turmoil for the kingdom just months before national elections.The former general has clung on...

Indian legislator from Modi’s BJP held after Prophet remarks

2022-08-24 00:00:00

NEW DELHI, Aug 23 (Al Jazeera): Indian police have arrested a state legislator from Prime Minister Narendra Modi’s party for promoting enmity in the name of religion after Muslim groups demanded his arrest for his comments about the Prophet Muhammad.The...

Malaysia’s ex-PM Najib starts jail term after final appeal fails

2022-08-24 00:00:00

KUALA LUMPUR, Aug 23 (BBC): Malaysia former Prime Minister Najib Razak has been sent to jail to begin serving a 12-year sentence, after the top court rejected his appeal.The 69-year-old's charges relate to a corruption scandal involving state-owned wealth fund...

Imran issued show-cause notice for Aug 31

2022-08-24 00:00:00

The Islamabad High Court (IHC) issued a show-cause notice to former prime minister Imran Khan in a contempt of court case on Tuesday, over his remarks against Additional Sessions Judge Zeba Chaudhry, reports the Express Tribune.The Pakistan Tehreek-e-Insaf (PTI) chairman...

Fears grow of Russian attacks

2022-08-24 00:00:00

KYIV, Aug 23 (Reuters/AFP): The United States on Tuesday urged its citizens to leave Ukraine, saying it believed Russia was preparing to target civilian and government infrastructure in the next few days as the war reaches the six-month mark.The warning...

Pakistan, New Zealand likely to get direct entry

2022-08-24 00:00:00

DUBAI, Aug 23 (IANS): Pakistan and New Zealand, following their ODI series victories against Netherlands and West Indies respectively on Sunday, have strengthened their chances of direct qualification for the ICC Men's Cricket World Cup to be held in India...

GM Ziaur wins 6th round in Abu Dhabi Int'l Chess Festival

2022-08-24 00:00:00

Grand Master Ziaur Rahman of Bangladesh beat Indian Grand Master Abhijeet Gupta in the 6th round game of the 28th Abu Dhabi International Chess Festival-Masters held in Abu Dhabi in the United Arab Emirates on Monday night, reports UNB.In the...