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DSA deficiencies to be redressed

FE REPORT | 2022-08-09 00:00:00

Bangladesh will work to plug any loophole in the 'controversial' digital security act, the US was told at a meet Monday in Dhaka, where other current issues also figured high.Sources said concern over the DSA cropped up during the consultation...

Holy Ashura today -

2022-08-09 00:00:00

Holy Ashura, commemorating the martyrdom of Hazrat Imam Hussain (RA), will be observed in the country today (Tuesday) with due religious fervour and solemnity, reports UNB.On this day in the Hijri year of 61, Hazrat Imam, the grandson of Prophet...

IMF team due early Sept for negotiating major loan

FE REPORT | 2022-08-09 00:00:00

An International Monetary Fund (IMF) delegation will visit Dhaka early next month to negotiate a major loan Bangladesh seeks specifically for funding budget deficit, officials say.Sources say the foreign-exchange fund is especially required for boosting the country's reserves that have...

Treasury heads of six banks face BB action

SIDDIQUE ISLAM | 2022-08-09 00:00:00

Taka depreciated deeply against the dollar on both interbank and kerb markets on Monday in defiance of preventive drives, prompting the regulator to caution six banks against distorting the market. The price of cash dollar hit an all-time high at...

Mild heat wave may sweep three divisions

2022-08-09 00:00:00

Light to moderate rain/thunder showers accompanied by temporary gusty wind is likely to occur at many places over Khulna, Barishal, Chattogram and Sylhet divisions in the next 24-hour from 06:00 am today (Tuesday), according to the Met Office.It may also...

BD reports three more Covid deaths, 296 cases

2022-08-09 00:00:00

Three more people died of Covid, and 296 tested positive for the virus in Bangladesh in the 24 hours until Monday morning, reports UNB.The country's total fatalities reached 29,307 and the new number took its caseload to 2,007,631, according to...

79 new dengue patients hospitalised in 24 hrs

2022-08-09 00:00:00

Another 79 dengue patients were hospitalised in 24 hours until Monday morning, according to the Directorate General of Health Services (DGHS).Among them, 59 patients were hospitalised in Dhaka while the 20 in other places, it said. As many as 360...

WHO Rep calls on DU VC

DU CORRESPONDENT | 2022-08-09 00:00:00

World Health Organisation (WHO) Representative to Bangladesh Dr Bardan Jung Rana paid a courtesy call on Dhaka University (DU) Vice-Chancellor (VC) Prof Dr Md Akhtaruzzaman at the latter's office on Monday.During the meeting, the DU VC apprised the WHO representative...

B’desh receives another 1.5m doses of Covid-19 vaccine from US

2022-08-09 00:00:00

The US government has donated another 1.5 million pediatric doses of Pfizer's Covid-19 vaccine to Bangladesh via COVAX to help the government of Bangladesh expand the vaccination coverage to protect children aged between 5 and 11 for the very first...

Brigadier General Abdulaziz Al-Sulaiti handing over 18 horses to Military Secretary of Bangladesh Army Major General Md Khaled-Al-Mamun

2022-08-09 00:00:00

On behalf of Qatar Armed Forces, Brigadier General Abdulaziz Al-Sulaiti handing over 18 horses to Military Secretary of Bangladesh Army Major General Md Khaled-Al-Mamun as a gift at Hazrat Shahjalal International Airport in the city on Monday — ISPR

PM sketches Bangamata's key-shadow role in independence struggle

2022-08-09 00:00:00

Prime Minister Sheikh Hasina on Monday revisited the history of country's protracted independence struggle extracting Bangamata Begum Fazilatun Nesa Mujib's key-shadow role in major turning points, reports BSS."The decisions of my mother on major political issues helped us a lot...

Uptick in funds for NGOs in BD

SAIF UDDIN | 2022-08-09 00:00:00

The influx of foreign funds for non-governmental organisations (NGOs) operating in Bangladesh increased slightly last fiscal mainly due to a rise in the aid for the Rohingya refugees here.Donors' commitment to supplying new funds rose by 3.7 per cent to...

BNP announces two-day programme to protest fuel price hike

2022-08-09 00:00:00

BNP on Monday announced a two-day programme in protest against the latest 'unjustified' hike in fuel prices, transport fares and the soaring prices of all essential commodities. BNP Secretary General Mirza Fakhrul Islam Alamgir made the announcement at a rally...

Destructive activities to be dealt with on streets: Quader

2022-08-09 00:00:00

Awami League General Secretary and Road Transport and Bridges Minister Obaidul Quader on Monday warned any destructive programme, announced by the opposition parties including BNP, will be dealt with an iron hand on the streets."We are the old players of...

New political alliance launched

2022-08-09 00:00:00

Ganotantra Mancha, a new platform of seven opposition parties, was launched on Monday with the objective to oust the government through a united movement. The components of the alliance are Jatiya Samajtantrik Dal (Rob), Nagorik Oikya, Bangladesher Biplobi Workers Party,...

SoftBank plans Vision Fund job cuts

2022-08-09 00:00:00

TOKYO, Aug 08 (Reuters): SoftBank Group Corp is planning to cut headcount at its flagship Vision Fund investing arm, CEO Masayoshi Son said on Monday, after a crash in the value of its portfolio pushed his conglomerate to a record...

India mulls blocking Chinese firms from sub-$150 phone market

2022-08-09 00:00:00

RIYADH, Aug 08 (Arab News): Indian government bond yields ended higher on Monday for a second consecutive session tracking a hike in key policy rate from the Reserve Bank of India as well as rise in US Treasury yields.The 10-year...

Indonesia says Tesla strikes $5b deal to buy nickel products

2022-08-09 00:00:00

JAKARTA, Aug 08 (Reuters): US carmaker Tesla has signed contracts worth about $5 billion to buy materials for their batteries from nickel processing companies in Indonesia, a senior cabinet minister told CNBC Indonesia.Southeast Asia's biggest economy has been trying to...

Paytm at near 6-month high

2022-08-09 00:00:00

BENGALURU, Aug 8 (Reuters): Shares of Indian digital payments firm Paytm jumped more than 6 per cent on Monday to their highest levels in nearly six months, after the company's parent firm One 97 Communications Ltd posted an 89 per...

Russian markets rebound

2022-08-09 00:00:00

Russian stock markets jumped and the rouble strengthened on Monday after the bourse decided not to allow some foreign investors to return to the market for the first time since February, reports Reuters.Traders expect that if foreign investors return some...

World shares recover after US jobs report sell-off

2022-08-09 00:00:00

LONDON, Aug 8 (Reuters): Global stock markets gained ground on Monday, recovering from losses sparked by a strong US jobs report last week that bolstered the case for sharp interest rate hikes, while the dollar weakened and government bond yields...

Half Yearly Branch Managers' Conference-2022 of Takaful Islami Insurance

2022-08-09 00:00:00

The Half Yearly Branch Managers' Conference-2022 of Takaful Islami Insurance Ltd was held at a city hotel recently. Qazi Mukarram Dastagir, Chief Executive Officer of the company, presided over the conference which was attended by Tahmina Afroz, Chairman of the...

Prime Insurance Company reopened Principal Branch at Dilkusha

2022-08-09 00:00:00

Prime Insurance Company Limited reopened its Principal Branch at Dilkusha in the city on Sunday. Md Nazrul Islam, Chairman of Prime Insurance Company, inaugurated the branch as the chief guest. Abdul Hamid FCA, Chief Executive Officer of the company, was...

Female officers, executives and managers of Pubali Bank participated in a two-day workshop

2022-08-09 00:00:00

A total of 35 female officers, executives and managers of Pubali Bank Limited participated in a two-day workshop on "Work Life Balance for Woman in Banks" organised by ACTIVA Management Development Institute in the city recently. Ismat Ara Huq, general...

High officials and staff of Sonali Bank placed a wreath at graveyard of Bangamata Fazilatunnesa Mujib

2022-08-09 00:00:00

High officials and staff of Sonali Bank Limited placed a wreath at the graveyard of Bangamata Fazilatunnesa Mujib, wife of Father of the Nation Bangabandhu Sheikh Mujibur Rahman, at Banani graveyard on Monday on the occasion of the 92nd birth...

News Briefs (2022-08-09)

2022-08-09 00:00:00

Disbursement of dividend Peoples Insurance Co. Ltd: The company infor-med that it has disbursed the cash dividend for the year ended December 31, 2021 to the respective shareholders.Board meetingJanata Insurance Co. Ltd: A meeting of the board of directors will...

Premier Bank arranged a week-long foundation training programme

2022-08-09 00:00:00

Premier Bank Limited arranged a week-long foundation training programme on credit module for the trainee junior officers. Managing Director & CEO of the bank M Reazul Karim, FCMA, was present as the chief guest and inaugurated the programme on Sunday.

Mercantile Bank signed agreement with SME Foundation

2022-08-09 00:00:00

Mercantile Bank Limited recently signed an agreement with SME Foundation. Dr. Mofijur Rahman, Managing Director of SME Foundation, and Md. Quamrul Islam Chowdhury, Managing Director & CEO of Mercantile Bank, signed the agreement on behalf of their respective organisations. Adil...

Dhaka Bank signed agreement for providing cash management services to Omera Petroleum

2022-08-09 00:00:00

Dhaka Bank Limited signed an agreement recently for providing cash management services to Omera Petroleum Limited. Mustafa Husain, SEVP & Manager, Gulshan Branch, Dhaka Bank, and Md Atiar Rahman, Head of Finance & Accounts, Omera Petroleum, signed and exchanged the...

UCB holds workshop on 4th industrial revolution

2022-08-09 00:00:00

United Commercial Bank Limited (UCB) recently organised a virtual workshop as part of employee awareness session on the 4IR (4th Industrial Revolution) and Digital Upskilling. A total of 190 or more senior officials of the bank took part in this...