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Increased health allocation can help cut out-of-pocket spending

FE REPORT | 2022-06-17 00:00:00

An increase in budgetary allocation for the country's healthcare sector could help people cut their out-of-pocket expenditure, former Bangladesh Bank Governor Dr Atiur Rahman suggested on Thursday.Presenting a keynote paper at a virtual discussion, he said there is also scope...

Police halt Islami Andolan's march towards Indian HC

2022-06-17 00:00:00

Police put up on Thursday barricades to prevent activists of Islami Andolan Bangladesh from going towards Indian High Commission in Dhaka protesting the derogatory remarks by India's two BJP leaders on Prophet Muhammad (PBUH), reports UNB.Several thousand leaders and activities...

Khaleda Zia gets permanent bail in two cases

FE REPORT | 2022-06-17 00:00:00

The High Court on Thursday granted permanent bail to BNP Chairperson Khaleda Zia in two cases filed on charges of hurting religious sentiment of Muslims and making derogatory comments on Bangabandhu Sheikh Mujibur Rahman. The court passed the order as...

Cumilla incident proves decision not to join polls was right: Fakhrul

2022-06-17 00:00:00

BNP Secretary General Mirza Fakhrul Islam Alamgir said on Thursday his party boycotted the election to Cumilla City Corporation as it knew what would happen there, reports UNB."You yourself saw yesterday (Wednesday)'s election. I don't want to talk about it...

Thank EC for holding fair Cumilla polls: Hasan

2022-06-17 00:00:00

Information and Broadcasting Minister Dr Hasan Mahmud thanked the Election Commission (EC) for conducting a fantastic, fair and peaceful election, reports BSS. "I would like to congratulate the people of Cumilla on electing the Awami League candidate as mayor after...

Mirza Fakhrul Islam Alamgir along with party standing committee member

2022-06-17 00:00:00

BNP Secretary General Mirza Fakhrul Islam Alamgir along with party standing committee member Nazrul Islam Khan holding talks with Chairman of Liberal Democratic Party Oli Ahmad as part of the current political dialogue at the latter's Mohakhali residence in the...

Making polls questionable is BNP's nature: Quader

2022-06-17 00:00:00

Awami League (AL) General Secretary Obaidul Quader said on Thursday the character of BNP is to make the election of the country questionable, reports BSS."Today, questioning the election randomly has become the character of the BNP. With their ill- motives,...

Ford recalls 3.3m vehicles

2022-06-17 00:00:00

WASHINGTON, June 16 (Reuters): Ford Motor Co is recalling more than 3.3 million vehicles in North America that could roll away because a damaged or missing part may prevent the vehicle from shifting into the intended gear.In a filing with...

Qatar Airways posts record $1.54b profit

2022-06-17 00:00:00

DOHA, June 16 (AFP): Qatar Airways on Thursday posted a record net profit of $1.54 billion for the 2021-2022 financial year, a result it attributed to a "successful strategy" during the coronavirus pandemic.The state-owned airline said the profit result was...

Lego to invest $1.0b in US brick plant

2022-06-17 00:00:00

COPENHAGEN, June 16 (Reuters): Toymaker Lego on Wednesday said it will invest more than $1 billion in a factory in the United States to shorten supply chains and keep up with growing demand for its coloured plastic bricks in one...

Revlon files for bankruptcy as online beauty race takes toll

2022-06-17 00:00:00

Revlon Inc has filed for bankruptcy after the US cosmetics firm buckled under debts it built up in efforts to compete with online-focused upstarts, reports Reuters.Known for its nail polishes and lipsticks, the 90-year-old company listed assets and liabilities of...

'Knowledge sharing on Bangladesh Bank's circulars regarding cash incentive to exporters'

2022-06-17 00:00:00

A seminar on 'Knowledge sharing on Bangladesh Bank's circulars regarding cash incentive to exporters' was held at the World Trade Centre (WTC) hall room of Chittagong Chamber of Commerce and Industry (CCCI) on Thursday

'Amader Sobujayan'

2022-06-17 00:00:00

Coordinator of 'Amader Sobujayan' (Our Plantation) activities Mohammad Hossain, also former managing director of Sonali Bank, presents more than 200 books to Chairman of Janata Bank Dr SM Mahfuzur Rahman and Managing Director and CEO of Janata Bank Md Abdus...

Tecom Group sets price for IPO of up to $454m

2022-06-17 00:00:00

DUBAI, June 16 (Reuters): Dubai business park operator Tecom Group set price guidance on Thursday for its initial public offering that showed it could raise up to 1.67 billion dirham ($454.7 million) in the listing.Tecom Group, owned by the investment...

Asian stocks erase early gains after short-lived Fed relief rally

2022-06-17 00:00:00

Most Asian stocks and currencies erased early gains on Thursday, as investors shifted focus towards the possibility of a global recession after briefly cheering a 75 basis point interest rate hike by the US Federal Reserve in a widely expected...

Md. Abdul Mannan congratulated Abdur Rouf Talukder

2022-06-17 00:00:00

Md. Abdul Mannan, Managing Director of Rajshahi Krishi Unnayan Bank (RAKUB), congratulated Abdur Rouf Talukder, Senior Secretary of the Finance Ministry, with a bouquet on his appointment as the Governor of Bangladesh Bank on Wednesday.

GDCL signed an issue management agreement

2022-06-17 00:00:00

Green Delta Capital Limited (GDCL) has recently signed an issue management agreement with Thai Foils & Polymer Industries Limited, a concern of Al-Mostafa Group. Md. Rafiqul Islam, Managing Director and CEO of Green Delta Capital Limited, and Mr. Mostofa Kamal,...

23rd AGM of Mutual Trust Bank

2022-06-17 00:00:00

Md. Wakiluddin, Chairman of Mutual Trust Bank Ltd (MTB), presiding over the 23rd Annual General Meeting (AGM) of the Bank, which approved 10 per cent stock dividend. MTB Vice Chairman, Md. Abdul Malek, Founding Chairman, Syed Manzur Elahi, MTB Directors,...

News Briefs (2022-06-17)

2022-06-17 00:00:00

Disbursement of dividend Linde Bangladesh Limited: The company has disbursed the cash dividend for the year ended December 31, 2021 to the respective shareholders.Premier Bank Ltd: The company has informed that it has credited bonus share to the respective shareholders'...

Expansion of tax net essential for increasing tax-GDP ratio

2022-06-17 00:00:00

Expansion of tax net is a sine qua non to improve the tax-GDP ratio. The government needs to take further steps to expand the tax net. Experts made the opinion at a webinar 'Salient Features of Finance Bill 2022, organized...

CCCI-EPB seminar on knowledge sharing

Our Correspondent | 2022-06-17 00:00:00

CHATTOGRAM, June 16: A seminar on 'Knowledge sharing on Bangladesh Bank's circulars regarding cash incentive to exporters' was held at the World Trade Centre (WTC) hall room of Chittagong Chamber of Commerce and Industry (CCCI) on Thursday. CCCI and Export...

Three-day 'Intex South Asia' begins in city

2022-06-17 00:00:00

The international textile sourcing show of South Asia, styled 'Intex South Asia' began at the International Convention City Bashundhara (ICCB) in the city on Thursday, reports BSS.Textile and Jute Minister Golam Dastagir Gazi inaugurated the fair, which will continue until...

'Investment Toolkits' published

FE Report | 2022-06-17 00:00:00

The securities regulator has continued its efforts to conduct regulatory activities amid different obstacles created by many groups in the capital market.The chairman of the Bangladesh Securities and Exchange Commission (BSEC) Prof. Shibli Rubayat Ul Islam on Thursday said this...

Esquire Knit to invest Tk 47.77 million in a subsidiary

FE REPORT | 2022-06-17 00:00:00

The board of directors of Esquire Knit Composite, a concern of Esquire Group, has approved an investment decision amounting to Tk 47.77 million for its subsidiary L' Esquire Limited."This investment is part of a continued investment in a subsidiary company...

BAFFA arranges industry-academia meeting

OUR CORRESPONDENT | 2022-06-17 00:00:00

CHATTOGRAM, June 16: Bangladesh Freight Forwarders Association (BAFFA) hosted an 'Industry-academia collaboration meeting' to discuss ways to develop skills in the logistics sector. The meeting, held at the BAFFA office at Agrabad in the port city on Wednesday, was facilitated...

BRAC Bank signs deal with JBC

2022-06-17 00:00:00

BRAC Bank has signed an agreement with the country's sole state-owned life insurance entity, Jiban Bima Corporation (JBC), to collect insurance premiums through BRAC Bank's various physical and digital channels along with the bank's subsidiary, bKash.Under the arrangement, the JBC...

Finance minister's remark spurs stock prices

FE REPORT | 2022-06-17 00:00:00

The finance minister's latest remark that the stock market would make a turn around when the new budget implementation begins, encouraged investors to be active on Thursday.Finance minister AHM Mustafa Kamal Wednesday said when the laundered money will return home,...

Man City to begin Premier League title defence at West Ham

2022-06-17 00:00:00

MANCHESTER June 16 (Reuters): Manchester City will begin their Premier League title defence with a trip to West Ham United, while the season will kick off with a London derby for the second year in a row as Crystal Palace...

Taiwan thanks WC organisers

2022-06-17 00:00:00

DOHA, June 16 (Reuters): Taiwan's Foreign Ministry on Thursday (June 16) expressed thanks after organisers of the World Cup in Qatar removed a reference to China for Taiwanese visitors applying for an identification card that doubles as an entry visa.Organisers...

India seek to extend fightback as de Kock return looms

2022-06-17 00:00:00

The series has moved from the east of the country to the west but India's situation remains the same: they have to win the next match to stay alive, according to ESPNcricinfo.They've been buoyed by their biggest T20I win over...