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AL will build 'Sonar Bangla' as dreamt by Bangabandhu

2022-06-23 00:00:00

Prime Minister (PM) Sheikh Hasina has expressed the hope that Awami League (AL) with the support of the people will establish a happy, prosperous, and developed 'Sonar Bangladesh' as dreamt by Father of the Nation Bangabandhu Sheikh Mujibur Rahman, reports...

BRAC Bank signed MoU with Holiday Inn

2022-06-23 00:00:00

BRAC Bank signed a memorandum of understanding (MoU) with Holiday Inn to provide exclusive privileges to its Credit Card and Premium Banking customers. Md. Mahiul Islam, Head of Retail Banking, BRAC Bank; and Nivedita Avasthi, General Manager, Holiday Inn; signed...

MOU signed between IFIC Bank and Ena Properties

2022-06-23 00:00:00

A Memorandum of Understanding (MOU) for Institutional Banking Facilities was signed on Wednesday between IFIC Bank Ltd., Principal Branch and Ena Properties Ltd. Mr. Hossain Shah Ali, Chief Manager of IFIC Bank Principal Branch, and Mrs. Tohura Haque, Managing Director,...

ONE Bank signed agreement with Edison Real Estate

2022-06-23 00:00:00

ONE Bank Limited signed an agreement with Edison Real Estate Limited recently. S. M. Shahedul Karim Munna, Additional Director & Chief Operating Officer of Edison Real Estate, and Md. Kamruzzaman, Head of Retail Banking of ONE Bank, signed the agreement...

Indian shares shed over 1.0pc

2022-06-23 00:00:00

BENGALURU, June 22 (Reuters): Indian shares closed more than 1 per cent lower on Wednesday, with bond yields at their weakest in over three weeks, as global stocks and oil prices declined amid mounting recession fears.The NSE Nifty 50 index...

Not aware of plans to force ARM into London IPO, says UK PM's spokesman

2022-06-23 00:00:00

LONDON, June 22 (Reuters): British Prime Minister Boris Johnson's spokesman on Wednesday said he was not aware of any plans to try to compel chip designer ARM to list in London after the Financial Times reported that officials were considering...

Israel's Bank Leumi eyes share offering of around $578 million

2022-06-23 00:00:00

JERUSALEM, June 22 (Reuters): Leumi, one of Israel's two largest banks, said it was considering a share offering in Tel Aviv of around 2 billion shekels ($578 million) in the coming days to meet growing loan demand.The bank said the...

Prof. Ismat Ara joins at IADS as Director

2022-06-23 00:00:00

Professor Dr. Ismat Ara Begum, Department of Agricultural Economics, Bangladesh Agricultural University has joined as Director, Institute of Agribusiness and Development Studies (IADS), according to a statement.Dr. Ismat Ara was appointed to the position of Provost Taposi Rabeya Hall, Bangladesh...

Mercantile Bank launched four more sub-branches

2022-06-23 00:00:00

Mercantile Bank Limited launched four more sub-branches at 'Port Road uposhkha' in Barishal, 'Patuatuli uposhkha', 'Bir Pratik Shaheed Zakir Hossain Road uposhkha' and 'Nazira Bazar uposhkha' in Dhaka. Bank's Vice Chairman A. S. M. Feroz Alam virtually inaugurated the branches...

Alamgir Kabir congratulated Anjuman Ara Shahid

2022-06-23 00:00:00

Alamgir Kabir, FCA, Chairman, Southeast Bank Limited, congratulated Anjuman Ara Shahid on being appointed as new director of the board of directors of the Bank by handing over a flower bouquet in presence of Duluma Ahmed, Vice-Chairperson, Jusna Ara Kashem,...

Export Import Bank of Bangladesh inaugurated 141st Gulshan Mahila branch

2022-06-23 00:00:00

Export Import Bank of Bangladesh Limited inaugurated its 141st Gulshan Mahila branch titled 'Exim Shubo Sakal' at Gulshan, Dhaka. Exim Bank Chairman Md. Nazrul Islam Mazumder was present as the chief guest at the inaugural ceremony held at the branch...

News Briefs (2022-06-23)

2022-06-23 00:00:00

Singer’s Eid campaign Nearly 100 refrigerator and freezer buyers have got their products absolutely free from Singer outlets across the country under its Eid-ul-Adha campaign. More and more lucky customers will receive these free Refrigerators every day till the day...

CSE-30 Index revised

FE REPORT | 2022-06-23 00:00:00

The Chittagong Stock Exchange (CSE) has revised its CSE-30 Index on the basis of performance of the listed companies. The new index will come into effect from June 30. The port city's bourse reviews the index twice in a year.After...

Navana Pharma's IPO bidding to start July 4

FE REPORT | 2022-06-23 00:00:00

The bidding for eligible investors (EIs) to explore the cut-off price of IPO shares of Navana Pharmaceuticals will begin on July 4, aiming to raise Tk 750 million under the book-building method.The bidding - a requirement for going public under...

Agrani Bank to pay US$ 2.4b in foreign currencies to finance Padma Bridge

JASIM UDDIN HAROON | 2022-06-23 00:00:00

State-owned Agrani Bank will pay US$ 2.4 billion in foreign currencies to the Padma Bridge project.So far, it has supplied $1.45 billion up to the third week of June amid the ongoing volatility in the country's forex market. "We will...

Stocks end three-day losing spell

FE REPORT | 2022-06-23 00:00:00

Stocks posted a marginal gain on Wednesday after high volatility as most investors remained cautious amid rising virus cases and persistent macroeconomic worries.The market closed slightly higher after a three-day losing streak.DSEX, the prime index of the Dhaka Stock Exchange...

Tanners seek Tk 6b to collect rawhides in Eid

FE Report | 2022-06-23 00:00:00

The country's tanners have sought about Tk 6.0 billion as bank credit in favour of the tannery industry to collect rawhides and skins of sacrificial animals during the upcoming Eid-ul-Azha, as they are now facing capital crunch, sources said.They have...

Matarbari seaport construction going on in full gear: Officials

Nazimuddin Shyamol | 2022-06-23 00:00:00

CHATTOGRAM, June 22: The construction work of Matarbari Deep Seaport is going on in full gear. The deep seaport, first of its kind in Bangladesh and construction of which began nearly 17 months ago, will be built in two phases,...

Keel laying ceremony for four MPA vessels held

2022-06-23 00:00:00

The keel laying ceremony of one self-propelled barge, one Tug, one Pontoon and one dump barge to be constructed for Mongla Port Authority under the project ''Establishment of Modern Waste and Spilled Oil Management at Mongla Port.'' was held at...

Employment injury scheme launched for RMG workers

FE REPORT | 2022-06-23 00:00:00

The long-awaited employment injury scheme (EIS) was launched in the country's readymade garment (RMG) sector on Tuesday, aiming to effectively protect workers against falling into poverty as a result of workplace accidents and occupational diseases.Workers in the export-oriented RMG sector...

Shimanto Bank AGM held

2022-06-23 00:00:00

The 6th annual general meeting (AGM) of Shimanto Bank was held at Captain Shahid Ashraf Hall at Peelkhana on Tuesday, with Director General of Border Guard Bangladesh and Chairman of the bank Maj Gen Shakil Ahmed in the chair, says...

Secondary market booming

ADNAN HOSSAIN BHUIYAN | 2022-06-23 00:00:00

The secondary market for flats and commercial spaces has been gaining prominence in the country nowadays due to affordability, mortgage facility and swift transfer of ownership.The demand is mostly driven by the burgeoning middle-class population in the big cities like...

Switzerland imported Russian gold in May

2022-06-23 00:00:00

LONDON, June 22 (Reuters): Switzerland imported gold from Russia in May for the first time since the Kremlin sent troops into Ukraine in February, Swiss customs data showed on Tuesday.Switzerland is the world's biggest refining and transit centre for gold...

Boeing expects supply chain problems to last thru 2023

2022-06-23 00:00:00

DOHA, June 22 (Reuters): Boeing expects supply chain problems to persist almost until the end of 2023, led by labour shortages at mid-tier and smaller suppliers, partly due to the faster-than-expected return of demand, its chief executive said on Wednesday.Boeing...

Oil slumps over 6pc as Biden set to cut fuel costs for drivers

2022-06-23 00:00:00

LONDON, June 22 (Reuters): Oil prices tumbled on Wednesday on news of a plan by US President Joe Biden to cut fuel costs for drivers and amid concerns over a potential economic recession after recent central bank rate hikes, which...

Saudi crown prince visits Turkey

2022-06-23 00:00:00

ANKARA, June 22 (AFP): Saudi Arabia's de facto ruler will on Wednesday take another step towards breaking his international isolation by paying his first visit to Turkey since the murder in 2018 of journalist Jamal Khashoggi in the kingdom's Istanbul...

Six dead in Iraq tribal dispute

2022-06-23 00:00:00

KUT, June 22 (AFP): Six people, including a soldier, were killed in Iraq on Wednesday during a clash between two tribes sparked by a dispute over agricultural land, police said.The violence in Al-Uzair district, south of Amarah in the southeastern...

Egypt calls for 'reality check' in climate talks

2022-06-23 00:00:00

BONN, June 22 (AFP): Egypt hopes to jump-start the action needed to face a warming world when it takes the presidency of major UN climate talks in November, but warns that countries need a "reality check" as progress stalls.Presiding over...

Plane catches fire after landing at airport, three injured

2022-06-23 00:00:00

MIAMI, June 22 (AP): A jetliner carrying 126 people caught fire after landing Tuesday at Miami International Airport when the front landing gear collapsed, but no serious injuries were reported, authorities said.The fire followed the collapse of that landing gear...

US senators agree bipartisan bill on gun safety

2022-06-23 00:00:00

WASHINGTON, June 22 (AFP): US senators unveiled a bill Tuesday addressing the epidemic of gun violence plaguing the country as they locked down a narrow set of reforms that were nevertheless hailed as the first significant firearms controls in a...