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Ten members of crisis-hit Sri Lanka team disappear from C’wealth Games

2022-08-08 00:00:00

COLOMBO, Aug 07 (AFP): Ten members of crisis-hit Sri Lanka's Commonwealth Games contingent in Birmingham have disappeared in a suspected attempt to remain in Britain, a top sports official from the island nation told the agency on Sunday.The nine athletes...

Captaincy issue delays Asia Cup squad announcement

2022-08-08 00:00:00

Injury to some of the crucial players and declaration of the captain's name for the T20 format forced the Bangladesh team selection panel to delay the announcement of the team for the Asia Cup, starting on August 27, reports BSS.The...

Neymar leads PSG to 5-0 win in French league

2022-08-08 00:00:00

PARIS, Aug 07 (AP): An unplayable Neymar notched a goal and three assists to lead defending champion Paris Saint-Germain to a 5-0 win at Clermont in the French league on Saturday.Lionel Messi also made a big contribution with two goals...

Zimbabwe win ODI series against Tigers

2022-08-08 00:00:00

HARARE, Aug 07 (AFP): Sikandar Raza scored an unbeaten 117 as Zimbabwe staged a great run chase for the second time in three days to beat Bangladesh by five wickets on Sunday and take a winning 2-0 lead in a...

Vision Fund slide points to more pain for SoftBank's Son

2022-08-08 00:00:00

TOKYO, Aug 7 (Reuters): Sliding valuations in the listed portfolio of SoftBank Group Corp's Vision Fund unit point to more pain for CEO Masayoshi Son when the group reports April-June earnings on Monday as investors go cool on the high-growth...

Block shares slip after crypto winter dampens quarterly results

2022-08-08 00:00:00

Shares of Jack Dorsey-led Block Inc, a digital payments firm that has bet big on bitcoin, declined nearly 7 per cent in premarket trading on Friday after the company reported a loss in quarterly results on waning interest in cryptocurrencies,...

Foreign investors buy Indian shares worth Rs 140b in August

2022-08-08 00:00:00

NEW DELHI, Aug 7 (NDTV): After turning net buyers last month, foreign investors continued their positive stance on Indian equities and invested over ? 140 billion in the first week of August amid softening of the dollar index.This was way...

PIF-owned Elm's stock slips despite 59pc profit surge in H1

2022-08-08 00:00:00

RIYADH, Aug 7 (Arab News): Shares of Elm Co., a Saudi-based digital security firm, fell as they started trading on Sunday, despite a 59 percent profit surge in the first half of 2022.The company's share price was down 1.2 percent...

Inflation data may seal fate of unloved US stock rally

2022-08-08 00:00:00

NEW YORK, Aug 7 (Reuters): A rally in US stocks that has powered on despite skepticism from Wall St faces a reality check in the coming week, as key inflation data threatens to shut the door on expectations of a...

China's exports gain steam but outlook cloudy

2022-08-08 00:00:00

BEIJING, Aug 07 (Reuters): China's export growth unexpectedly picked up speed in July, offering an encouraging boost to the economy as its struggles to recover from a Covid-induced slump, but weakening global demand could start to drag on shipments in...

ONE Bank signed agreement with SME Foundation -

2022-08-08 00:00:00

ONE Bank Limited recently signed an agreement with SME Foundation to finance small and medium enterprises (SMEs) at 4.0 per cent interest rate under Revolving Credit Fund for Tk 4.0 billion to assist economic recovery of post Covid-19 effect in...

BIFFL awarded for special contribution to income tax revenue collection for fiscal year 2021-22

2022-08-08 00:00:00

Bangladesh Infrastructure Finance Fund Limited (BIFFL) has been awarded for special contribution to income tax revenue collection for the fiscal year 2021-22 under the NBFI category by the Large Taxpayers Unit of National Board of Revenue. Shahariar Alam ACA, Chief...

Dr Eng Rashid Ahmed Chowdhury attended as chief guest a half-yearly business conference-2022 of BCBL

2022-08-08 00:00:00

Chairman of the board of directors of Bangladesh Commerce Bank Limited (BCBL) Dr Eng Rashid Ahmed Chowdhury attended as the chief guest a half-yearly business conference-2022 of the bank in the city recently while BCBL Managing Director and CEO Md...

News Briefs (2022-08-08)

2022-08-08 00:00:00

Disbursement of dividend Federal Insurance Co. Ltd: The company disbursed the cash dividend for the year ended December 31, 2021 to the respective shareholders.Dhaka Insurance Ltd: The company disbursed the cash dividend for the year ended on December 31, 2021...

Southeast Bank organised "Half-Yearly Business Conference 2022"

2022-08-08 00:00:00

Southeast Bank Limited organised its "Half-Yearly Business Conference 2022" and also held a discussion virtually on Saturday in remembrance of Father of the Nation Bangabandhu Sheikh Mujibur Rahman, Bangamata Sheikh Fazilatunnesa Mujib and all the martyrs of 15th August in...

Bokshirhat Sub-Branch of Shahjalal Islami Bank started operations

2022-08-08 00:00:00

The Bokshirhat Sub-Branch of Shahjalal Islami Bank Ltd. has started operations as a fully fledged branch at Senbagh in Noakhali from Sunday in order to provide better services to the clients. Managing Director & CEO of the bank M Shahidul...

MTB awarded by NBR as one of highest taxpayers

2022-08-08 00:00:00

Mutual Trust Bank Limited (MTB) has been awarded by the National Board of Revenue (NBR) as one of the highest taxpayers in the banking sector for 2021-22 fiscal year under the Large Taxpayers Unit (LTU). Syed Mahbubur Rahman, Managing Director...

Sales job fair of Bdjobs in city today

2022-08-08 00:00:00

Job portal Bdjobs.com will organise the "First sales job fair of the country" in the capital today (Monday) to cater to the increasing demand of field sales forces for the rapidly growing retail and consumer goods manufacturing sectors, reports UNB.The...

Jack expanding business of garment equipment in Bangladesh

2022-08-08 00:00:00

China-based brand 'Jack technology' is expanding its business in the competitive Bangladesh market with updated total solution technology for the garment sector, reports BSS.Bangladesh is the second largest garment exporter in the global market. In the market, both competition and...

Focus on separate pay-scale, hierarchy for tech professionals

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

The country's ICT experts emphasised different pay-scale with a unique hierarchy for technology-related professionals due to their exclusive professional engagement. They urged the government to formulate a separate law for human resources engaged in the ICT sector, and sought the...

Lynpers Chemical to invest $5.7m in Ishwardi EPZ

2022-08-08 00:00:00

Lynpers Chemical Industries Ltd, a Bangladeshi company, is going to set up a Textile Chemical industry in Ishwardi Export Processing Zone (IEPZ), reports BSS.They will invest $5.7 million to produce 9.0 million kg of textile auxiliary chemical like green acid,...

Stock rally halts on renewed worries

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

The benchmark equities index of the prime bourse closed marginally lower on Sunday, snapping a five-day winning streak as investors get worried that the surge in fuel oil prices would lead to a significant increase in the cost of living.Of...

T-Bonds likely to make trading debut Aug 16

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

Trading in Treasury Bonds (T-Bonds) is likely to begin on the secondary market on August 16 if the Dhaka Stock Exchange (DSE) can sort out some complexities that arose recently.As per the instructions of the Bangladesh Securities and Exchange Commission...

Berkshire CEO sells stake for $870m

2022-08-08 00:00:00

NEW YORK, Aug 07 (Reuters): Berkshire Hathaway Inc said on Saturday that Vice Chairman Greg Abel, who is next in line to succeed billionaire Warren Buffett as chief executive, sold his 1.0 per cent stake in the company's Berkshire Hathaway...

Tonnes of fruit stranded in EU, S Africa battle of oranges

2022-08-08 00:00:00

JOHANNESBURG, Aug 07 (AFP): Millions of boxes of oranges are spoiling in containers stranded at European ports as South Africa and the European Union lock horns in a dispute over import rules, citrus growers have said.South Africa, the world's second...

India's Akasa Air begins commercial operations

2022-08-08 00:00:00

MUMBAI, Aug 07 (Reuters): India's newest budget carrier Akasa Air, which is backed by billionaire Rakesh Jhunjhunwala, began commercial operations on Sunday with a maiden flight from the financial capital of Mumbai to the city of Ahmedabad.Starting from Sunday, Akasa...

Chairman of Rupali Bank Kazi Sanaul Hoq presided over 36th AGM

2022-08-08 00:00:00

Chairman of Rupali Bank Limited Kazi Sanaul Hoq presided over the 36th annual general meeting (AGM) of the bank on Sunday. Managing Director of the bank Md Obayed Ullah Al Masud delivered a welcome speech. Joint Secretary of Financial Institution...

Standard Bank organised a 'Business Review Meeting'

2022-08-08 00:00:00

Standard Bank Limited recently organised a 'Business Review Meeting' at the Standard Bank Learning Centre, Head Office, in Dhaka with the participation of 15 branch managers from Dhaka region. Managing Director & CEO of the bank Khondoker Rashed Maqsood presided...

ICC Bangladesh organised a day-long workshop

2022-08-08 00:00:00

ICC Bangladesh organised a day-long workshop on International Trade Payment and Finance: Practice, compliance, operations & legal analysis in Chattogram on Saturday. A total of 80 participants from 29 banks and three from KAFCO attended the workshop. ICCB Secretary General...

StanChart completes first over-the-weekend loan disbursement

2022-08-08 00:00:00

Standard Chartered Bangladesh has completed Bangladesh's first automated over-the-weekend loan disbursement under its distributor finance programme, says a press release. The first client to receive the funds from a distributor financing loan on a weekend was Nestlé Bangladesh Limited.It has...