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Fuel oil price hike looms large

FE REPORT | 2022-06-15 00:00:00

The energy ministry was working on developing a suitable pricing formula for adjusting oil prices to a 'tolerable' level that would not affect the consumers and transport sector much, state minister Nasrul Hamid said on Tuesday."We want the oil price...

Extension may be for specific countries

DOULOT AKTER MALA FROM GENEVA | 2022-06-15 00:00:00

The 'trade-benefit' demand of graduating least-developed countries (LDCs) to allow for a few more years after graduation might be country-specific based on needs assessment, officials said.As per recommendations of the developing nations in the 12th Ministerial Conference (MC12) of the...

Regulator reverses dollar free float as taka tumbles

SIDDIQUE ISLAM | 2022-06-15 00:00:00

Now the regulator intervenes to tame Bangladesh's volatile foreign-exchange market as the taka kept tumbling down in exchange with the US dollar lately put on a free float. Bankers said the central bank reversed its stance through intervening unofficially in...

Mild heatwave sweeping over three dists

2022-06-15 00:00:00

Light to moderate rain/thunder shower accompanied by temporary gusty wind is likely to occur at many places over Rangpur, Mymensingh and Sylhet divisions and at a few places over Rajshahi, Dhaka, Khulna, Barishal and Chattogram divisions with moderately heavy to...

Ex-education minister's APS sacked

2022-06-15 00:00:00

The assistant personal secretary (APS) of former Education Minister Nurul Islam Nahid has been sacked on a charge of remaining absent in the workplace for nearly one year and misconduct, reports UNB.The Directorate of Secondary and Higher Education issued a...

Students pose with teachers and guests

2022-06-15 00:00:00

Students pose with teachers and guests at a workshop on 'Investment in Capital Market' jointly organised by Intricsic Finance Club and LankaBangla Securities Limited at Chittagong Independent University in the port city recently

Army chief opens IPAMS site, logo

2022-06-15 00:00:00

Chief of Army Staff Gen SM Shafiuddin Ahmed unveiled and inaugurated the logo and the website of the 46th Indo-Pacific Armies Management Seminar (IPAMS) at Dhaka Cantonment on Tuesday, reports UNB.Senior military officers and members of US Army Pacific (USARPAC)...

Momen urges Kuwait to recruit medical professionals

2022-06-15 00:00:00

Bangladesh thanks Kuwait for providing free vaccines to Bangladeshi expatsBangladesh has expressed gratitude to the government of Kuwait for providing free vaccines and treatments to Bangladeshi expatriates living in Kuwait during the Covid-19 pandemic and for extending humanitarian support for...

UN reminds int'l community of its responsibility towards Rohingya

FE REPORT | 2022-06-15 00:00:00

Special Envoy of the UN Secretary General on Myanmar Dr Noeleen Heyzer has expressed concerns at the current situation in Myanmar, the foreign ministry said on Tuesday.While acknowledging the generosity of the government of Bangladesh, the special envoy in her...

Prime Minister Sheikh Hasina presiding over the Executive Committee of the National Economic Council meeting -

2022-06-15 00:00:00

Prime Minister Sheikh Hasina presiding over the Executive Committee of the National Economic Council meeting at the NEC Conference Room in the city's Sher-e-Bangla Nagar area virtually on Tuesday — PID

Padma Bridge to help boost trade with India

FE Report | 2022-06-15 00:00:00

Speakers at a programme on Tuesday said Padma Bridge will play an important role in enhancing cross-border trade with India and beyond.To tap the economic potential in the South Asian economic bloc, they also called for an immediate improvement in...

Security beefed up for Cumilla city election

2022-06-15 00:00:00

CUMILLA, June 14 (UNB): Law enforcement agencies have taken tight security measures to ensure peaceful holding of Cumilla City Corporation polls slated for June 15, said superintendent of Cumilla Police Faruk Ahmed on Tuesday.The whole city has been brought under...

Ex-DUCSU VP Nur sued

2022-06-15 00:00:00

CHATTOGRAM, June 14 (UNB): A case has been filed against Nurul Haque Nur, former vice president of Dhaka University Central Students' Union, and leader of Bangladesh Gono Odhikar Parishad, for making 'derogatory comment' about Deputy Minister for Education Mohibul Hassan...

HC mentions ex-minister’s brother as mastermind of laundering Tk 20b

FE REPORT | 2022-06-15 00:00:00

The High Court on Tuesday mentioned Khandaker Mohtesam Hossain Babar, brother of former LGRD Minister Engineer Khandaker Mosharraf Hossain, as the 'mastermind and ringleader' of laundering Tk 20 billion from the country. The High Court bench of Justice Md Nazrul...

CUET closed until July 5 after BCL infighting

2022-06-15 00:00:00

CHATTOGRAM, June 14 (UNB): Authorities closed Chittagong University of Engineering and Technology (CUET) until July 5 following clashes between two factions of Bangladesh Chhatra League (BCL).The authorities took the decision on Tuesday after a meeting with the department heads.All male...

Asking MP to leave his home an interference in fundamental rights

2022-06-15 00:00:00

Information and Broadcasting Minister Dr Hasan Mahmud on Tuesday said asking a lawmaker to leave his or her constituency is interference in fundamental rights, reports BSS."At first, I've questions - whether the Election Commission can ask a lawmaker to leave...

Shares in UK bus operator surge on global takeover

2022-06-15 00:00:00

LONDON, June 14 (AFP): UK transport giant Go-Ahead saw its share price surge Tuesday after agreeing to a takeover from a global consortium.Shares in Go-Ahead, which operates London's famous red buses on behalf of the capital's transport authority, jumped 14...

China regulator denies it asked foreign banks for executive pay details

2022-06-15 00:00:00

SHANGHAI/HONG KONG, June 14 (Reuters): China's securities regulator on Tuesday denied that it and its securities association had asked foreign investment banks for senior executives' pay details or suggested they implement pay curbs, rejecting media reports.Bloomberg reported on Friday that...

Asian stocks pare early losses but inflation fears remain the focus

2022-06-15 00:00:00

HONG KONG, June 14 (AFP): Asian equities mostly fell Tuesday after the previous day's global rout but dip-buying helped pare early losses, while Europe saw gains, with attention turning to the Federal Reserve as it prepares to ramp up interest...

Social Islami Bank opened 10 new agent banking outlets

2022-06-15 00:00:00

Social Islami Bank Ltd. has opened 10 new agent banking outlets. Chairman of the bank Dr Md Mahbub Ul Alam inaugurated the agent outlets as the chief guest virtually from the bank's head office in Dhaka on Tuesday while Managing...

News Briefs (2022-06-15)

2022-06-15 00:00:00

Board meetingCentral Insurance Com-pany Ltd: A board meeting of the company will be held on June 22, 2022 at 3:00 PM to consider, among others, un-audited financial statements of the company for the first quarter period ended March 31, 2022.Query...

Monno Fabrics keeps soaring sans PSI

FE REPORT | 2022-06-15 00:00:00

Monno Fabrics has been witnessing an unprecedented price hike and increase in volume of shares even though there is no undisclosed price sensitive information (PSI).Just in five trading days, the company's share jumped nearly 35 per cent or Tk 7.0...

Push to improve financial literacy of women investors

FE REPORT | 2022-06-15 00:00:00

Experts at a workshop suggested improving the financial literacy of women investors to enhance their participation in the capital market.They said that if women investors come to the market with prior knowledge of the market and safe investment strategies, they...

Stocks sink amid gloomy sentiment

FE REPORT | 2022-06-15 00:00:00

The equities benchmark index extended the losing streak as stock sell-off intensified on Tuesday amid the country's macroeconomic uncertainly.The prime DSEX index of the Dhaka Stock Exchange (DSE) slipped 30.60 points or 0.47 per cent further to settle at 6,361....

22nd AGM of Crystal Insurance Company held

2022-06-15 00:00:00

Abdullah Al-Mahmud (Mahin), Chairman of Crystal Insurance Company Limited, presiding over the 22nd annual general meeting held on a digital platform on Tuesday. The meeting approved the cash dividend of 10 per cent for the year 2021

Md. Abdus Salam Azad speaking -

2022-06-15 00:00:00

Janata Bank Limited Managing Director and Chief Executive Officer (CEO) Md. Abdus Salam Azad speaking as the chief guest at the branch managers' conference for Barishal Division held virtually on Tuesday with the bank's Barishal Division branch's GM Md. Mizanur...

Md Ataur Rahman Prodhan received an award and a certificate from Ziaul Hasan Siddique

2022-06-15 00:00:00

Sonali Bank Limited CEO and Managing Director Md Ataur Rahman Prodhan received an award and a certificate from Ziaul Hasan Siddique, Chairman, Board of Directors of Sonali Bank Limited for achieving the first position in implementing the Annual Performance Agreement...

Google, Facebook, Twitter to tackle deepfakes

2022-06-15 00:00:00

BRUSSELS, June 14 (Reuters): Alphabet Inc unit Google, Facebook Inc, Twitter Inc and other tech companies will have to take measures to counter deepfakes and fake accounts on their platforms or risk hefty fines under an updated European Union code...

IMF wants more steps in Pak budget to meet goals

2022-06-15 00:00:00

ISLAMABAD, June 14 (Reuters): Additional measures will be needed to bring Pakistan's budget for FY2022-23 in line with the key objectives of its International Monetary Fund programme, the lender's resident representative in Islamabad said on Monday.Pakistan unveiled a 9.5 trillion...

Tesla India policy executive quits

2022-06-15 00:00:00

NEW DELHI, June 14 (Reuters): A key executive who was leading Tesla's lobbying effort in India has resigned, weeks after the US carmaker put on hold plans to sell electric cars in the South Asian nation.Manuj Khurana, policy and business...