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Swiss envoy's statement untrue: FM

FE REPORT | 2022-08-12 00:00:00

Dhaka finds untrue Swiss Ambassador Nathalie Chuard's statement that Bangladesh has not sought information about Swiss bank accounts of Bangladeshis, who are suspected of siphoning off money.The rebuttal came from Foreign Minister Dr AK Abdul Momen on Thursday, a day...

Saudi cos plan to invest $10b

FE REPORT | 2022-08-12 00:00:00

Saudi companies plan to invest more than US $10 billion in Bangladesh in coming years, said Saudi Ambassador in Dhaka Essa Yousef Essa Alduhailan on Thursday. He was briefing in the city a group of journalists on the projects of...

NPLs at all-time high of Tk 1.25t

SIDDIQUE ISLAM | 2022-08-12 00:00:00

Classified or non-performing loans in Bangladesh's banking sector hit an all-time high at Tk 1.25 trillion in the first half of the current calendar year despite policy perks provided to stem the tide.The H1 volume of non-performing loans (NPLs) jumped...

After rental power plants, now FSRUs

M AZIZUR RAHMAN | 2022-08-12 00:00:00

Ineptly done deals compel the government to make capacity payment in dollar worth around US$202,500 daily to two private FSRU owners without any re-gasification amid gas crunch, sources say.They say the state-run Petrobangla faces a double-edged sword as it cannot...

Weather (2022-08-12)

2022-08-12 00:00:00

Light to moderate rain/ thunder showers accompanied by temporary gusty/ squally wind is likely to occur at most places over Khulna and Barishal divisions in the next 24-hour from 06:00 am today (Friday), according to the Met Office.The highest temperature...

Commodore M Anamul Haque handing over certificate to a participant

2022-08-12 00:00:00

Bangladesh Coast Guard (BCG) Deputy Director General Commodore M Anamul Haque handing over certificate to a participant of the 'VISIT Board Search and Seizure (VBSS) for Officer' training course at the Maritime Safety and Maritime Security School of the BCG...

Air Vice Marshal Sade Uddin Ahmed poses with officers

2022-08-12 00:00:00

Assistant Chief of Air Staff (maintenance) Air Vice Marshal Sade Uddin Ahmed poses with officers at the certificate award ceremony of the 11th Aircraft Accident Investigation (AAI) course of Bangladesh Air Force at Flight Safety Institute in Dhaka Cantonment on...

Dengue death toll rises to 16 with another death

2022-08-12 00:00:00

Another dengue patient died and 90 others were hospitalised in 24 hours until Thursday morning, reports UNB.The latest death was reported from Dhaka.With this, the authorities recorded 16 deaths from the viral infection this year, according to the Directorate General...

Investment in road infrastructure imperative

FE REPORT | 2022-08-12 00:00:00

Investment in road infrastructure development is required along with a political will to enhance regional transport connectivity in Eastern South Asia.Stakeholders from public and private sectors said this at a validation workshop on Thursday with former Bangladesh Bank governor Dr...

President urges Rotarians to work for people

2022-08-12 00:00:00

President Abdul Hamid on Thursday urged the humanitarian organizations such as the Rotary International to come forward for the welfare of people affected by Covid-19 pandemic, reports UNB. The President made the call when visiting Rotary International President Jennifer E....

46 cops sued in Bhola

2022-08-12 00:00:00

BHOLA, Aug 11 (UNB): A case has been filed against 46 policemen of Bhola sadar police station in connection with the death of Jatiyatabadi Chhatra Dal (JCD) leader Noor-e-Alam allegedly in police firing during a clash with police on July...

Current regime an autocratic one in name of democracy, says GM Quader

2022-08-12 00:00:00

Describing the current government as an anti-people one, Jatiya Party Chairman GM Quader on Thursday said it is now least bothered about public sufferings, reports UNB."The government has completely failed to run the country. It has mounted public sufferings by...

CEC among 23 sued for ‘vote rigging with EVM’ in Ctg

OUR CORRESPONDENT | 2022-08-12 00:00:00

CHATTOGRAM, Aug 11: A Jubo League leader has filed a case accusing 23 people including the Chief Election Commissioner (CEC) for rigging vote by the Electronic Voting Machine (EVM) in Chattogram. The plaintiff named Nasir Uddin is a member of...

Quader warns of tackling BNP's movement on streets

2022-08-12 00:00:00

Awami League General Secretary Obaidul Quader on Thursday warned that if the Bangladesh Nationalist Party (BNP) resorts to any violence and arson terrorism in the name of movement, it will be handled with strong hand on the streets, reports BSS."If...

BNP must take control of streets as victory is inevitable: Fakhrul

2022-08-12 00:00:00

BNP Secretary General Mirza Fakhrul Islam Alamgir on Thursday urged the people, especially the youth, to get ready to intensify the movement against the current 'fascist regime' by taking control of the streets as their victory is inevitable, reports UNB."I...

European stocks dip as high inflation concerns linger

2022-08-12 00:00:00

LONDON, Aug 11 (AFP): European stock markets eased on Thursday as investors took profit from the gains notched up the previous day on better-than-expected inflation data in the US.But while overall sentiment was positive, investors remain on edge as officials...

Zurich Insurance shares rise

2022-08-12 00:00:00

BERLIN/LONDON, Aug 11 (Reuters): Zurich Insurance Group reported a better-than-expected 25 per cent rise in operating profit in the first half on strong performance across the board and announced a bumper 1.8 billion Swiss francs ($1.91 billion) share buyback on...

Indian shares hit four-month high

2022-08-12 00:00:00

BENGALURU, Aug 11 (Reuters): Indian shares closed at four-month highs on Thursday, led by gains in technology and bank stocks, after a softer-than-expected US inflation data eased fears of aggressive rate hikes by the Federal Reserve.For domestic cues, investors are...

Hope for smaller rate rises to lift Wall Street

2022-08-12 00:00:00

LONDON, Aug 11 (Reuters): Wall Street headed for another day of gains on Thursday as investors banked on peaking inflation persuading central banks to dial back on their anticipated interest rate hikes in September.The prospect of less aggressive tightening in...

Singapore trims 2022 growth forecast on strong global headwinds

2022-08-12 00:00:00

SINGAPORE, Aug 11 (AFP) : Singapore on Thursday narrowed its economic growth forecast this year after the economy contracted in the second quarter compared to the previous three months due to rising inflation and tighter monetary policies, the government said.Moves...

News Briefs (2022-08-12)

2022-08-12 00:00:00

Disbursement of dividend AB Bank Limited: The bank disbursed the cash dividend for the year ended on December 31, 2021 to the respective shareholders.Desh General Insurance Company Limited: The company informed that it has disbursed the cash dividend for the...

HSBC BD scoops up international retail bank of the year award

2022-08-12 00:00:00

HSBC Bangladesh has been awarded the "Asian Banking and Finance Awards 2022" as the international retail bank of the year for the second time in a row, reports UNB.The award is an acknowledgement of the strengths of the bank's personal...

India uses Tamabil landport to transport goods

2022-08-12 00:00:00

SYLHET, Aug 11 (UNB): India has for the first time used a landport in Bangladesh to transport its goods in the northeastern state of Meghalaya from Kolkata as part of a bilateral accord.A goods-laden vehicle reached Meghalaya from Kolkata on...

BCI, SME Foundation tie up for capacity building of small, medium industries

2022-08-12 00:00:00

Bangladesh Chamber of Industries (BCI) has tied up with SME Foundation to jointly work towards development and capacity building of the small and medium enterprises across the country, reports UNB.A memorandum of understanding (MoU) was signed between the two organizations...

MetLife BD settles insurance claims of Tk 12.79b

2022-08-12 00:00:00

MetLife Bangladesh customers have received Tk 12.79 billion (1279 crore) from their insurance policies in the first six months of 2022 (January - June), says a press release.This amount includes the amount received from policy maturity, and claims from loss...

Padma Bank and Flora Systems signed agreement

2022-08-12 00:00:00

Padma Bank and Flora Systems Ltd signed an agreement regarding the Digital Transformation of the bank at its Gulshan Corporate Head Office on Wednesday. Tarek Reaz Khan, managing director and CEO of Padma Bank, and Mustafa Rafiqul Islam, chairman and...

Signify launches EcoLink fans, lighting range in Bangladesh

2022-08-12 00:00:00

Signify (Euronext: LIGHT), the world leader in lighting, launched its EcoLink range of fans and lighting in Bangladesh on Thursday to cater to the growing demand in the country, says a press release. The company already has a significant presence...

BTRC seeks info about MNOs, ISPs' spending on digital ads

FE REPORT | 2022-08-12 00:00:00

Bangladesh Telecommunication Regulatory Commission (BTRC) has directed the mobile network operators (MNOs) and internet service providers (ISPs) to provide information about how much they spent on digital advertisements on different social media platforms in 2021.The commission sent a letter on...

Pubali Bank holds 2nd business confce of regional, corporate branch managers

2022-08-12 00:00:00

Pubali Bank Limited's 2nd Business Conference-2022 of Regional and Corporate Branch Managers was held at bank's head office on Thursday. Monzurur Rahman, Chairman of the board of directors of Pubali Bank, was the chief guest at the conference with the...

Al-Arafah Islami Bank approves 15pc cash div

2022-08-12 00:00:00

The 27th annual general meeting (AGM) of Al-Arafah Islami Bank Ltd. was held virtually on Thursday. The meeting was presided over by Salim Rahman, Chairman, Board of Directors of the bank. The meeting approved 15 per cent cash dividend for...