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Asian Paints envisions full décor care in BD

JUBAIR HASAN | 2022-08-13 00:00:00

Asian Paints wants to make its footprint stronger with providing a comprehensive décor solution in the growing home painting market, Asian Paints Global International CEO Pragyan Kumar says.The Mumbai-based multinational thereby keeps investing in quality products targeting various consumer segments...

Call for cash incentive for chilled fish exports

FE REPORT | 2022-08-13 00:00:00

A state body suggests supplying cash incentive to exporters of chilled fish with an eye to helping boost export of the sector.The Business Promotion Council (BPC) under commerce ministry currently offers different initiatives to boost export growth.It has recently requested...

Abrdn buys stake in digital assets exchange Archax

2022-08-13 00:00:00

British asset manager abrdn has bought a stake in digital assets exchange Archax, amid a wider push by investors into crypto-assets despite a recent plunge in value. The stake, acquired for an undisclosed sum, gives abrdn a seat on the...

India shares post fourth straight weekly gain

2022-08-13 00:00:00

Indian shares extended gains from previous trading sessions on Friday to post their fourth weekly addition, fuelled by metal and energy stocks, while investors awaited domestic inflation data for July. The Consumer Price Index (CPI) data is scheduled to be...

Investors flock to US 'growth' stocks as inflation fears fade: BofA

2022-08-13 00:00:00

Investors bought $7.1 billion in equities in the week to Wednesday, with US 'growth' stocks recording their largest weekly inflow since December 2021 in a sign that fears over soaring inflation are receding. Investors ploughed $11 billion into US equity...

Global equity funds see first weekly inflow in seven weeks

2022-08-13 00:00:00

Global equity funds saw inflows in the week to Aug. 10 after six straight weeks of withdrawals, as investors took the view that the Federal Reserve might not be too aggressive with its interest rate hikes amid receding inflation worries,...

Five major Chinese firms to delist from NYSE

2022-08-13 00:00:00

BEIJING, Aug 12 (AFP): Five major Chinese companies including two of the country's largest oil producers will delist from the New York Stock Exchange, the firms said in filings on Friday.Sinopec and PetroChina-two of the world's biggest energy firms-will apply...

Business review meeting 2022 of Khulna and Shariatpur Region of National Bank held

2022-08-13 00:00:00

The business review meeting 2022 of Khulna and Shariatpur Region of National Bank Limited was held at the Bangladesh Rice Research Institute, Regional Station, Faridpur, on Wednesday. Md. Mehmood Husain, Managing Director and CEO of the bank, presided over the...

CSE awards 20 stock brokers

FE REPORT | 2022-08-13 00:00:00

Chittagong Stock Exchange (CSE) has awarded 20 best performing stock brokers and dealers based on their turnovers in fiscal year 2021-22.The winners were selected in two categories -- dealer category and broker category. The award-winning firms in 'dealer category' are...

Stocks retreat as investors weigh fuel oil price surge

FE REPORT | 2022-08-13 00:00:00

Stocks retreated this week to Thursday from the previous week's big gain as investors went defensive following the fuel oil price surge amid growing economic pressures.This week saw four trading days instead of five days as Tuesday was public holiday...

Benzema, Courtois, De Bruyne up for UEFA Player of the Year award

2022-08-13 00:00:00

Real Madrid's Karim Benzema and Thibaut Courtois and Manchester City's Kevin De Bruyne are in the running for UEFA's 2021-22 men's player of the year award after topping a 15-player shortlist, European soccer's governing body said on Friday, reports Reuters.The...

Qatar's ground control on alert for WC disasters

2022-08-13 00:00:00

DOHA, Aug 12 (AFP): Facing a bank of screens that look like NASA mission command, technicians counting down to the World Cup in Qatar control the temperature, gates, 15,000 cameras and much more in the eight stadiums.The Aspire control and...

Barcelona sell further 24.5pc stake

2022-08-13 00:00:00

Barcelona have sold a 24.5 per cent stake in their audiovisual studio to production company Orpheus Media for 100 million euros ($102.93 million), the LaLiga club said on Friday, as they look to raise more funds to register new players,...

Pak leading players agree to amended central contracts

2022-08-13 00:00:00

After several days of impasse, a group of Pakistan's leading players including captain Babar Azam, Shaheen Afridi and Mohammad Rizwan agreed to sign the PCB's central contracts - though only after successfully negotiating changes in several clauses, according to ESPNcricinfo.The...

Mel Jones to step down from Cricket Australia board

2022-08-13 00:00:00

Mel Jones will step down from Cricket Australia's board in October to focus on her media and other work commitments, according to ESPNcricinfo.Jones has served as one of nine board directors since December 2019 but also works as a cricket...

Ritu sets record in high jump

2022-08-13 00:00:00

Bangladesh's Ritu Akhtar has set a national record in the women's high jump event in the ongoing 5th Islamic Solidarity Games in Konya, Turkey, reports BSS.Two female athletes - Umme Hafsa Rumki and Ritu Akhter - participated in the high...

News in Brief (2022-08-13)

2022-08-13 00:00:00

Mystery deaths of two Saudi sisters in SydneySYDNEY, Aug 12: On 7 June, Australian authorities knocked on the door of a Sydney apartment. Mail was piled up outside the door, and the tenants hadn't paid rent in more than three...

US, Indonesia, Australia hold drills amid China concerns

2022-08-13 00:00:00

BATURAJA, Aug 12 (AP): Soldiers from the US, Indonesia and Australia joined a live-fire drill on Friday, part of annual joint combat exercises on Sumatra island amid growing Chinese maritime activity in the Indo-Pacific region.A total of more than 5,000...

'Extreme vigilance' at vast western France fire

2022-08-13 00:00:00

HOSTENS, Aug 12 (AFP): A huge fire that has devastated swathes of southwestern France was largely contained, but firefighters face another "complicated" day, local authorities said on Friday.The 40-kilometre (25-mile) active fire front in the Gironde and Landes departments around...

Top Taliban cleric killed in suicide blast

2022-08-13 00:00:00

KABUL, Aug 12 (AFP): A senior Taliban cleric known for his fiery speeches against the Islamic State (IS) was killed Thursday at his madrassa in the Afghan capital in a suicide attack claimed by the jihadist group.Rahimullah Haqqani, who had...

Killing of Palestinian children ‘unconscionable’

2022-08-13 00:00:00

SEOUL, Aug 12 (AP/Reuters): Almost 40 Palestinian children have been killed so far this year in the occupied territories and in many incidents, Israeli forces appear to use lethal force in a manner that violates international human rights law, UN...

Procurement Factors

Md Abu Sayed Siddique | 2022-08-13 00:00:00

In my previous article, I talked about how procurement is generally understood and how important it is for catching the attention of both government and non-government officials. It also offered suggestions on how to reduce procurement costs while maximising benefits....

Post-pandemic transformation of human psyche

Nilratan Halder | 2022-08-13 00:00:00

Even though the epidemic is yet to be over with its residual mild and isolated visitations still giving people harrowing time here and there, a phenomenal post-pandemic transformation has already taken place. The transformation, unfortunately is not for the better...

Separate lane for public bus

2022-08-13 00:00:00

In many countries in the world, subway and light trains are more popular than private vehicles since they move quickly. Why is so? It is simply because they run on dedicated tracks and do not mix with other vehicles. But...

Keeping public hospitals neat and clean

2022-08-13 00:00:00

Patients have to receive treatment in an unhygienic environment at almost every public hospital in Bangladesh. Beds in the hospital are in a horrible state, infested with bed bugs and cockroaches with dirty bed-sheets. The condition of the washrooms is...

Checking street crimes

2022-08-13 00:00:00

Street crimes are rising in Bangladesh. Some are even taking place in broad daylight. There is an atmosphere of insecurity and fear, especially in Dhaka city, where mobile phones, wallets, motorbikes and cars are often snatched away at gunpoint. It...

Inefficient public transport piles up miseries

Tanim Asjad | 2022-08-13 00:00:00

The outrageous increase in the fuel oil prices, announced last Friday mid-night, came literally as a mortal blow to millions of people. The consequences of the oil price hike, among other, are a sharp rise in the fares of public...

Who's behind flight of dollars?

Syed Fattahul Alim | 2022-08-13 00:00:00

The economy is clearly under serious pressure as the local currency, Taka, is losing its value at a faster rate against US dollar than before. On Wednesday (Aug 11), for example, the US dollar was sold at a maximum of...

Getting rid of wasteful government projects

2022-08-13 00:00:00

Though any idea of spending more than Tk 200 million to build a one-kilometre drain may appear unusual to an ordinary mind, it may not be so if one is from the government's Roads and Highways Department (RHD). In fact,...

James Wilson and budgeting wisdom

Jasim Uddin Haroon | 2022-08-13 00:00:00

James Wilson, known as father of the modern budget system in the subcontinent, is no more but his budgeting wisdom is. He died on August 11, 1860 in Kolkata. He placed the budget for the Indian subcontinent in Kolkata for...