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PM sends mangoes to Mamata

2022-06-21 00:00:00

Prime Minister (PM) Sheikh Hasina has sent seasonal fruit mango as gift to India's West Bengal Chief Minister Mamata Banerjee, reports BSS.A total of 1,000kg mangoes have been handed over to the Indian representatives through the Benapole port in Jashore...

No festival, just formal opening of Padma Bridge, says Hasan

2022-06-21 00:00:00

The government is not organising any festival to mark the opening of the Padma Bridge, Informa-tion Minister Hasan Mahmud said on Monday, reports UNB.There will just be an opening ceremony and a public rally on June 25, he told reporters...

Flood victims cry for relief amid govt's inaction: BNP

2022-06-21 00:00:00

BNP senior joint secretary Ruhul Kabir Rizvi on Monday alleged that the flood-affected people in the country's northeast region, mainly hoar areas, are crying for relief amid the government's inaction to mitigate their miseries, reports UNB. Speaking at a token...

Majid Al Futtaim to refinance $500 million perpetual bonds

2022-06-21 00:00:00

DUBAI, June 20 (Reuters): Dubai's Majid Al Futtaim (MAF), which develops shopping malls across the Middle East, has hired banks to refinance its outstanding $500 million perpetual bonds, a bank document showed on Monday.Citi, HSBC - the sole green structuring...

Macau casino stocks slump

2022-06-21 00:00:00

HONG KONG, June 20 (AFP): Macau casino stocks slumped on Monday as the Chinese gaming hub battled a Covid-19 outbreak that has prompted tightened social distancing restrictions and mass testing.The sector has been hammered by the pandemic, with vital tourism...

Union Bank inaugurated Mariumnagar Sub-branch

2022-06-21 00:00:00

Md. Habibur Rahman, Additional Managing Director of Union Bank Limited, inaugurated the Mariumnagar Sub-branch and Peton Shah Mazar Gate Sub-branch, Chattogram as the chief guest through a videoconference from the head office in Dhaka. The programme was presided over by...

Western sanctions affected 75pc of Russian banks

2022-06-21 00:00:00

RIYADH, June 20 (Arab News): The sanctions imposed by the EU and the US on Russia following its invasion of Ukraine have affected 75 per cent of its banks. Billions of dollars and euros have been frozen in Britain, Germany...

Bankrupt Sri Lanka opens IMF talks

2022-06-21 00:00:00

COLOMBO, June 20 (AFP): Sri Lanka closed schools and halted all non-essential government services on Monday, beginning a two-week shutdown to conserve fast-depleting fuel reserves as the International Monetary Fund opened talks with Colombo on a possible bailout.The country of...

US banks expect a clean bill of health after Fed’s stress tests

2022-06-21 00:00:00

WASHINGTON, June 20 (Reuters): Large US banks are optimistic they will receive a clean bill of health from the Federal Reserve this week, freeing them up to distribute billions of dollars in excess capital to investors.The central bank on Thursday...

APA of 2022-23 fiscal year signed between Sonali Bank and Financial Institutions Division

2022-06-21 00:00:00

The Annual Performance Agreement (APA) of 2022-23 fiscal year was signed between Sonali Bank Limited CEO and Managing Director Md Ataur Rahman Prodhan and all its Deputy Managing Directors as a pre-step of agreement between Sonali Bank Limited and Financial...

First Security Islami Bank opened three agent banking outlets

2022-06-21 00:00:00

First Security Islami Bank Ltd opened three agent banking outlets at Banshghata Bazar, Eidgaon, Cox's Bazar at Bengura Bazar, Boalkhali, Chattogram, and at Shahosrail Bazar, Boalmari, Faridpur on Monday. Syed Waseque Md Ali, managing director of the bank, along with...

News Briefs (2022-06-21)

2022-06-21 00:00:00

Disbursement of dividend Unilever Consumer Care Limited: The company has disbursed the cash dividend for the year ended December 31, 2021 to the respective shareholders.Change of EGM dateMercantile Insurance: Refer to their earlier news disseminated by CSE on Monday regarding...

Pubali Bank relocated Sat Masjid Road branch

2022-06-21 00:00:00

Pubali Bank Limited has recently relocated its Sat Masjid Road branch, Dhaka to a new address and started banking activities under the name of Dhanmondi Branch. Monzurur Rahman, Chairman, board of directors of Pubali Bank, was present as the chief...

IDLC Securities inked agreement with Direct FN

2022-06-21 00:00:00

IDLC Securities Limited has inked an agreement with Direct FN to implement Brokerage Management System Software technology recently. As per the agreement, Magnus Corporation Ltd. will act as the local distributing partner of Direct FN. CEO & Managing Director of...

MTB and CASHe Alliance signed MoU

2022-06-21 00:00:00

Mutual Trust Bank Ltd (MTB) and CASHe Alliance Limited (CAL) signed a Memorandum of Understanding (MoU) to launch a digital lending app aimed at underserved millennial and genZ Bangladeshis at a simple ceremony held at the bank's corporate head office...

Prime Bank signs deal with Wave Foundation

2022-06-21 00:00:00

Prime Bank Limited has recently signed an agreement with Wave Foundation for disbursing remittance of different international exchange companies, said a press release. This will be facilitated by 127 branches of Wave Foundation across Bang-ladesh.Shams Abdullah Muhai-min, deputy managing director...

Standard Bank's AMD nominated as Advisory Board member of IFN Roadshow

2022-06-21 00:00:00

Md Touhidul Alam Khan FCMA, Additional Managing Director of Standard Bank Ltd, has been nominated as the member of the advisory board of international 'IFN Roadshow Bangladesh-2022' which is scheduled to be held on 30 June 2022. The organising body...

Dabur Oil intentionally designs its bottle to grab the market of Parachute Oil: HC

FE REPORT | 2022-06-21 00:00:00

The High Court in the full text of a verdict has given findings that the authority of the 'Dabur Gold Pure Coconut Oil' has designed its product including using blue colour on the bottle intentionally to grab some portion of...

Quasem Industries starts operation of Artificial Quartz unit

FE REPORT | 2022-06-21 00:00:00

Quasem Industries, an engineering sector listed firm, started commercial operation of artificial quartz product manufacturing unit on Monday.The unit was established in collaboration with USA-based Sunstone International, LLC. Apart from exporting artificial quartz products in USA, the company will also...

Macroeconomic worries hit stocks

FE REPORT | 2022-06-21 00:00:00

The prime index of Dhaka Stock Exchange (DSEX) slumped below 6,400-mark Monday, hitting a four-week low, as investors dumped their holdings amid macroeconomic woes.The risk-averse investors went for selling shares from the beginning of the session amid soaring inflation news...

Gold firms as dollar eases

2022-06-21 00:00:00

LONDON, June 20 (Reuters): Gold prices steadied on Monday as an easing dollar and global economic worries countered concerns around aggressive monetary tightening by the US Federal Reserve, with focus being on several central bankers' views this week.Spot gold was...

Airlines confident of narrowing losses

2022-06-21 00:00:00

DOHA, June 20 (Reuters): Global airlines battered by COVID-19 seem confident of narrowing their losses and went on the offensive at an industry summit in Qatar, criticising governments and airports over their handling of the recovery from the pandemic."The cost...

Indonesia looks to export chickens to shortage-hit Singapore

2022-06-21 00:00:00

SINGAPORE/JAKARTA, June 20 (Reuters): Indonesian authorities hope to reach an agreement with Singapore to start exporting chickens within weeks, officials said, as the city-state scrambles to find alternative supply sources after another neighbour Malaysia restricted sales.In a further sign of...

BARI held a feedback workshop on 'Implementation of National Integrity Strategy'

2022-06-21 00:00:00

Bangladesh Agricultural Research Institute (BARI) held a feedback workshop on 'Implementation of National Integrity Strategy' at the seminar room of the institute in Gazipur on Monday, with its Director General Dr Debasish Sarker as the chief guest. Presided over by...

Oil prices stable as mkt balances recession fears with tight supply

2022-06-21 00:00:00

LONDON, June 20 (Reuters): Oil prices were stable on Monday, struggling to reverse last week's losses as the market balanced tightening supplies with concerns about slowing global economic growth.Brent crude futures were down 14 cents, or 0.12 per cent, at...

UK manufacturers want tax cuts

2022-06-21 00:00:00

LONDON, June 20 (Reuters): Britain's main manufacturing lobby, Make UK, told the government to stop "short-term gimmicks" and cut taxes for the sector, as its members reported a significant slowdown in orders and a nose-dive in investment.Make UK said it...

Jamuna Bank Foundation organised a seminar -

2022-06-21 00:00:00

Jamuna Bank Foundation organised a seminar titled 'What we need to do to protect ourselves from the menace of drugs' recently to mark the International Anti-Drug Day. Nur Mohammed, Chairman, Jamuna Bank Limited and Jamuna Bank Foundation, was present as...

Midland Bank celebrated 9th anniversary

2022-06-21 00:00:00

Midland Bank Limited (MDB), a 4th generation private commercial bank, celebrated its 9th anniversary on Monday. On the occasion, the bank held a 'doa' session in its Board Room at Gulshan-2 in Dhaka. Kazi Raihan Zafar, director of the bank,...

Dubai to reopen world fair site

2022-06-21 00:00:00

DUBAI, June 20 (AFP): Dubai's vast Expo 2020 site is to reopen as Expo City Dubai, a "city of the future" with housing, businesses and leisure facilities, officials said on Monday.The development on Dubai's outskirts, purpose-built at $7 billion for...

European team visits IDCOL projects

2022-06-21 00:00:00

A high-level team comprising representatives from Germany, Denmark, Sweden, Switzerland, AFD, GIZ and KFW visited three renewable energy projects financed by the IDCOL in Savar recently, says a press release.The field visit was oraganised by the Team Europe Initiative on...