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Pubali Bank opened sub-branch at Aftabnagar

2022-08-16 00:00:00

Pubali Bank Limited has recently opened its sub-branch at Aftabnagar in Dhaka under Rampura Branch having online banking facilities to provide modern and digital banking services. Managing Director & CEO Safiul Alam Khan Chowdhury formally inaugurated the sub-branch as the...

IAMCL, a subsidiary of ICB, signed agreement with ICB Securities Trading Company

2022-08-16 00:00:00

ICB Asset Management Company Ltd. (IAMCL), a subsidiary of ICB, signed an agreement with ICB Securities Trading Company Ltd., another subsidiary of ICB, as a sales representative for boosting the sales of its (IAMCL) mutual fund units. IAMCL CEO ATM...

Global Ins Ltd approves 12pc dividend

2022-08-16 00:00:00

The 22nd annual general meeting (AGM) of Global Insurance Limited was held on a digital platform recently, with Chairman of the company Sayeed Ahmed in the chair, says a press release. At the AGM, the Directors' Report and audited accounts...

BRAC Bank offers student banking benefits for DIU

2022-08-16 00:00:00

BRAC Bank has recently signed an agreement with Daffodil International University (DIU) to provide preferential benefits of Agami, a complete range of student banking services, says a statement.Currently, Daffodil University has 19,000 students enrolled and 4,000 resident students in its...

177,681 BO accounts closed in one month

FE REPORT | 2022-08-16 00:00:00

The number of active BO (beneficiary owner's) accounts has declined 8.82 per cent in the past one month mainly because of non-payment of account maintenance fees.A total of 177,681 active BO accounts were shut down during the period from July14...

NAVs of listed MFs decline as stock prices dip

FE REPORT | 2022-08-16 00:00:00

The listed mutual funds (MFs) saw a decline in their net asset values (NAVs) as the stocks lost their value following price corrections in all four trading days of the last week.The fund managers are required to invest at least...

News in Brief-(2022-08-16)

2022-08-16 00:00:00

Harry, Meghan to visit UK in September for charity eventsLONDON, Aug 15: The Duke and Duchess of Sussex are due to visit the UK next month to attend charity events "close to their hearts". They will be attending the One...

Taliban mark turbulent first year in power

2022-08-16 00:00:00

KABUL, Aug 15 (AFP): The Taliban marked the first anniversary of their return to power in Afghanistan with a national holiday Monday, following a turbulent year that saw women's rights crushed and a humanitarian crisis worsen.Exactly a year ago, the...

Muslims in fear as Indian democracy turns 75

2022-08-16 00:00:00

NEW DELHI, Aug 15 (Reuters/Al Jazeera): As India celebrates 75 years of independence, the country's Muslims and other minorities say they find themselves in a state of siege.Ruled by the Bharatiya Janata Party (BJP) since 2014, the South Asian nation...

Russian forces pound Ukraine's Donetsk

2022-08-16 00:00:00

KYIV, Aug 15 (Reuters/AFP): Ukrainian forces reported heavy Russian shelling and attempts to advance on several towns in the eastern region of Donetsk that has become a key focus of the near six-month war, but said they had repelled many...

Russia, N Korea will expand bilateral relations: Putin

2022-08-16 00:00:00

SEOUL, Aug 15 (Reuters): Russian President Vladimir Putin told North Korean leader Kim Jong Un the two countries will "expand the comprehensive and constructive bilateral relations with common efforts," Pyongyang's state media reported on Monday.In a letter to Kim for...

Suu Kyi jailed for six more years for corruption

2022-08-16 00:00:00

NAYPYITAW, Aug 15 (Reuters): A court in military-ruled Myanmar sentenced deposed leader Aung San Suu Kyi to six years in prison on Monday after finding her guilty in four corruption cases, a source with knowledge of the proceedings said.The 77-year-old...

China conducts fresh drills around Taiwan as US lawmakers visit

2022-08-16 00:00:00

BEIJING, Aug 15 (AFP): China staged fresh military drills around Taiwan on Monday, slamming a new visit by United States lawmakers to the island days after a similar trip by House Speaker Nancy Pelosi triggered a furious response from Beijing.The...

Gold falls 1.5pc as dollar gains, rate-hike fears loom

2022-08-16 00:00:00

Gold dropped about 1.5 per cent on Monday as a stronger dollar and recent hawkish comments from US Federal Reserve officials eroded bullion's appeal, while another failed attempt to remain above the key psychological level of $1,800 put further pressure,...

Westin Dhaka and Sheraton Dhaka hotel associates

2022-08-16 00:00:00

The Westin Dhaka (Gulshan 2) and Sheraton Dhaka (Banani) hotel associates came together to feed the underprivileged marking National Mourning Day of Bangladesh. Daniel Muhor, cluster general manager, The Westin Dhaka and Sheraton Dhaka, Md Al Amin, hotel manager, The...

Prime Insurance Company -

2022-08-16 00:00:00

Md. Nazrul Islam, Chairman of Prime Insurance Company Limited, attended the Half Yearly Branch Managers Conference in the city on Saturday as the chief guest. Among others Suzadur Rahman, Vice Chairman, Mohd. Showkot Ali, Chairman, Executive Committee, Md. Akter Hossain...

Pioneer Insurance Company -

2022-08-16 00:00:00

Pioneer Insurance Company Limited Chief Executive Officer (C.C.) SM Mizanur Rahman with senior officials and branch-in-charges of the company at its branch conference in the city on Saturday. Business performances up to July 31, 2022 were reviewed and successful Marketing...

Oil price drops as China data weigh

2022-08-16 00:00:00

LONDON, Aug 15 (Reuters): Oil prices fell by more than $4 a barrel on Monday on demand fears as disappointing Chinese economic data renewed global recession concerns.Brent crude futures fell $4.75, or 4.84 per cent, to $93.40 a barrel by...

Thai economy sees stunted growth despite tourists' return

2022-08-16 00:00:00

BANGKOK, Aug 15 (AFP): Thailand's economy grew 2.5 per cent in the second quarter as returning foreign tourists failed to offset high inflation and concerns over regional tensions, the country's main economic agency said Monday.Southeast Asia's second-largest economy was hit...

Germans face big energy levy as government vows aid

2022-08-16 00:00:00

BERLIN, Aug 15 (AFP): German households face an energy surcharge reaching hundreds of euros in the wake of the Ukraine war, according to the rate published Monday, prompting the government to promise relief measures.The charge has been set at 2.419...

China's factory output, retail sales up in July but weaker than expected

2022-08-16 00:00:00

BEIJING, Aug 15, 2022 (AFP): Factory output and retail sales in China edged up in July but were weaker than analysts' expectations, official data showed Monday, as a Covid-19 resurgence and property market jitters cast a pall over hopes for...

Commerce Minister Tipu Munshi inaugurated Rangpur regional office of ICAB

2022-08-16 00:00:00

Commerce Minister Tipu Munshi inaugurated the Rangpur regional office of the Institute of Chartered Accountants of Bangladesh (ICAB) on Sunday. ICAB President Md Shahadat Hossain FCA, Vice President Fouzia Haque FCA, Council Member Md Moniruzzaman FCA, and CEO Shubhasish Bose,...

Japan for equality between local, foreign cos

REZAUL KARIM | 2022-08-16 00:00:00

Japan has raised voice over providing incentive packages only to domestic apparel manufacturers, as such facility has created discrimination between the local clothing units and the foreign-owned units operating in the export processing zones (EPZs).For ensuring equal treatment of both...

Take BD forward with Bangabandhu's spirit

FE REPORT | 2022-08-16 00:00:00

Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Md. Jashim Uddin urged the businesspeople on Monday to take the country forward in line with the spirit of the Father of the Nation Bangabandhu Sheikh Mujibur Rahman. He came...

Tea workers prefer rice instead of wheat at subsidised rate

FE REPORT | 2022-08-16 00:00:00

The apex trade body of tea producers has requested the government to allocate 1,800 tonnes of wheat at a subsidised rate for tea industry labourers for survival of the sector, sources said. They also appealed to the government, if possible,...

Nadal missing from Spain's Davis Cup squad, Zverev to play for Germany

2022-08-16 00:00:00

PARIS, Aug 15 (AFP): Rafael Nadal will sit out the group stage of the Davis Cup finals next month after not being named in the Spain team on Monday, while Alexander Zverev will lead the German side.The 36-year-old Nadal won...

CA targets cricket inclusion in 2032 Olympics

2022-08-16 00:00:00

SYDNEY, Aug 15 (Reuters): Cricket Australia have targeted the inclusion of the sport at the 2032 Brisbane Olympics as part of a strategic plan to expand participation and maintain the game's position at the heart of the country's sporting culture.The...

Players of Bangladesh Army team posing with the trophy

2022-08-16 00:00:00

Players of Bangladesh Army team posing with the trophy after winning the 9th First Security Islami Bank National Rugby Competition (Male)-2022 at Paltan in the city recently. Additional Managing Director of First Security Islami Bank Ltd. Md. Mustafa Khair and...

Pakistan look to collect ICC World Cup qualifying points

2022-08-16 00:00:00

ROTTERDAM, Netherlands, Aug 15 (AFP): Pakistan will look to collect crucial World Cup qualifying points when they tackle the Netherlands in a three-match ODI series from Tuesday but will have a wary eye on the fitness of star bowler Shaheen...

Halep wins 3rd Canadian Open

2022-08-16 00:00:00

SAN FRANCISCO, Aug 15 (Reuters): Simona Halep ended Beatriz Haddad Maia's dream run in Toronto with a hard-fought 6-3 2-6 6-3 victory to claim her third Canadian Open title on Sunday.Halep's serving woes from her semifinal win carried over at...