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Nagad contributes to economic growth

2022-08-01 00:00:00

Md. Asaduzzaman, Additional Commissioner of Dhaka Metropolitan Police and chief of Bangladesh Police's Counter Terrorism and Transnational Crime Unit (CTTC), stated that Nagad was playing an outstanding role in the country's economic progress. He made the remark during a view-exchange...

First grain ship could leave Ukraine today

2022-08-01 00:00:00

ISTANBUL, July 31 (Reuters): The possibility of the first grain-exporting ship leaving Ukraine's ports on Monday is high, a spokesperson for President Tayyip Erdogan said on Sunday."If all (details) are completed by tomorrow, it seems like there is a high...

Russian e-com firm launches clothing brand

2022-08-01 00:00:00

MOSCOW, July 31 (Reuters): Russian e-commerce firm Ozon said on Friday it was tapping into the online fashion market by launching its own brand of clothing.Clothes will be sold under the "Hola" label and produced by manufacturers in Russia, Uzbekistan,...

Saudi GDP climbs nearly 12pc in 2nd quarter on oil gains

2022-08-01 00:00:00

RIYADH, July 31 (AFP): Saudi Arabia's year-on-year economic growth hit nearly 12 per cent for the second quarter, led by a surging oil sector, the government's statistics agency said Sunday.The Middle East's largest economy has benefited from a spike in...

UK businesses expect zero growth over next 3 months

2022-08-01 00:00:00

British businesses do not expect any growth over the next three months, as a surging cost of living squeezes consumer demand, a monthly survey showed on Sunday, reports Reuters.The Confederation of British Industry (CBI) said members reported above-average growth in...

China's factory activity contracts in July as COVID flares up

2022-08-01 00:00:00

BEIJING, July 31 (Reuters): China's factory activity contracted unexpectedly in July after bouncing back from COVID-19 lockdowns the month before, as fresh virus flare-ups and a darkening global outlook weighed on demand, a survey showed on Sunday.The official manufacturing purchasing...

Ban on non-essentials pulls Pak imports down sharply

2022-08-01 00:00:00

ISLAMABAD, July 31 (Reuters): Pakistan imports fell by more than a third in July after a ban on non-essentials, the finance minister said on Sunday, adding the improved trade situation will reduce pressure on the struggling rupee.July imports fell to...

12th annual general meeting of Bangladesh Development Bank held

2022-08-01 00:00:00

The 12th annual general meeting of Bangladesh Development Bank Limited (BDBL) was held on Sunday at the BDBL Bhaban. BDBL Chairman Shamima Nargis presided over the meeting. Dr. Nahid Hossain, Joint Secretary, Financial Institutions Division, virtually attended the AGM as...

Sonali Bank signed agreement with Eden Mohila College

2022-08-01 00:00:00

Sonali Bank Limited signed an agreement with Eden Mohila College, enabling the students to pay their fees and charges through the Sonali e-sheba services. Sonali Bank General Manager Subhash Chandra Das and Eden Mohila College Principal Professor Suprya Bhattarcharya signed...

Al-Arafah Islami Bank signed agreement with Padma Diagnostic Centre

2022-08-01 00:00:00

Al-Arafah Islami Bank Limited signed an agreement with Padma Diagnostic Centre Ltd. on Sunday. Md Shafiqur Rahman, Deputy Managing Director of the bank, and Md Kaiyum Khan, Director of Padma Diagnostic Centre, exchanged the agreement on behalf of their respective...

Navana gets 'Toyota Marketing Excellence Award-2021'

2022-08-01 00:00:00

Navana gets 'Toyota Marketing Excellence Award-2021': Navana Limited has received the 'Toyota Marketing Excellence Award-2021'. Vice Chairman (Automotive Division) of Toyota Tsusho Asia Pacific Pte. Ltd., Akio Ogawa, handed over the award to Navana Limited. Saiful Islam, SVC, Navana Group,...

United Commercial Bank signed agreement with SME Foundation

2022-08-01 00:00:00

The United Commercial Bank Ltd. recently signed an agreement with SME Foundation (SMEF) for providing Term Loan Facilities to CMSME customers at concessional interest rate under Credit Wholesaling Programme of SMEF. Syed Faridul Islam, Additional Managing Director of UCB, and...

0.2m 'points of connect' to be linked by optical fibre by 2025: Palak

2022-08-01 00:00:00

State Minister of ICT Division Zunaid Ahmed Palak has said after reaching the fiber optical up to union level, the government is now working to link about 0.2 million (two lakh) 'points of connect' by optical fibre by 2025, reports...

FBCCI pushes for separate authority to approve structural design

FE REPORT | 2022-08-01 00:00:00

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) urged on Sunday the government to establish a separate authority to approve the structural design to ensure the safety of the building.It also called upon the Rajdhani Unnayan Katripakya (RAJUK)...

BD’s maiden digital factoring marketplace TREDX launched

FE REPORT | 2022-08-01 00:00:00

The country's first-ever digital factoring marketplace - TREDX - formally began its journey at a function in a city hotel on Sunday - to leverage technology in delivering supply chain financing solutions to millions of SMEs.TREDX, brought in by Thinkbig...

Diversify export basket, lower import to stabilise currency

FE REPORT | 2022-08-01 00:00:00

Prime Minister's Private Industry and Investment Adviser Salman F Rahman on Sunday stressed the need for diversifying the export basket and lowering imports to stabilise the currency.He said the austerity measures taken by the government and the central bank to...

Djokovic ready for US Open

2022-08-01 00:00:00

Novak Djokovic on Saturday said he is preparing for the US Open as if he will be allowed to compete at the hardcourt major, despite his refusal to take the Covid-19 vaccine, reports Reuters.Djokovic, who has three US Open titles,...

Real Madrid down Juventus 2-0

2022-08-01 00:00:00

LOS ANGELES, July 31 (AFP): Karim Benzema converted an early penalty and Marco Asensio added a second-half insurance goal as Real Madrid beat Juventus 2-0 in a pre-season friendly at California's Rose Bowl on Saturday.With his eye on Real Madrid's...

Brazil retain Copa America Feminina title

2022-08-01 00:00:00

BUCARAMANGA, Colombia, July 31, (AFP): Debinha scored the only goal of the game as favorites Brazil retained their Copa America Feminina title with a 1-0 win over hosts Colombia in Bucaramanga on Saturday night.It was Brazil's fourth title in a...

India look to double lead against sloppy Windies

2022-08-01 00:00:00

With a 1-0 lead in West Indies' favoured format, India will travel to St Kitts & Nevis with the upper hand, looking to consolidate on their rather flattering record over the hosts in the shortest format, according to Cricbuzz. It's...

Uttar Baridhara relegated from BPL

2022-08-01 00:00:00

League runners-up Dhaka Abahani Limited forced Uttar Baridhara Club to relegate from the 12-team Bangladesh Premier League (BPL) Football crushing them by 5-2 goals in their last league match at the Sheikh Fazlul Haque Moni Stadium in Gopalganj on Sunday....

Bangabandhu Olympiad and launch of Premier Shikkhangon Debit Card held

2022-08-01 00:00:00

An event marking opening of Bangabandhu Olympiad and launch of Premier Shikkhangon Debit Card was held at International Mother Language Institute in the city recently. Education Minister Dr Dipu Moni and high officials of Premier Bank and Shikkhangon.com were present...

India thump Pakistan by 8 wkts

2022-08-01 00:00:00

Smriti Mandhana's attacking 63 not out, following a double-wicket over from Sneh Rana that flipped Pakistan's innings around, propelled India to a thumping eight-wicket win to collect their first points in Birmingham Commonwealth Games 2022 on Sunday, according to Cricbuzz.In...

Mosaddek, Liton shine as Tigers level T20 series against Zimbabwe

2022-08-01 00:00:00

Mosaddek Hossain Saikat's career-best 5-20 was complemented by Liton Das's fluent 56 as Bangladesh romped to a seven-wicket victory over Zimbabwe in the second T20 to level the three-match series 1-1 at Harare Sports Club on Sunday, reports BSS.Mosaddek who...

Agreement between NRB Bank and Al Haramain Perfumes

2022-08-01 00:00:00

Mr. Md. Shaheen Howlader, Deputy Managing Director of NRB Bank Limited, and Mr. Syed Sabbir Ahmed, Executive Director of Al Haramain Perfumes Pvt. Ltd, exchanged documents after signing an agreement at Al Haramain Perfumes's Jamuna Future Park Outlet recently for...

Agreement signed with LankaBangla Finance to distribute loans at the entrepreneurial level

2022-08-01 00:00:00

Under the incentive package announced by the government, an agreement was signed with LankaBangla Finance Limited to distribute loans at the entrepreneurial level from the 'revolving fund' made up of discounted funds administrated by Prime Minister in favor of the...

Jamuna Bank Foundation, free medical services

2022-08-01 00:00:00

Under the initiative and funding of Jamuna Bank Foundation, free medical services were provided to poor and deprived people in Khulna's Daulatpur thana. Chairman of Jamuna Bank Limited and Jamuna Bank Foundation Al-Haj Nur Mohammed was present as the chief...

Wall St Week Ahead After steep decline, US small caps tempt investors with cheap valuations

2022-08-01 00:00:00

NEW YORK, July 31 (Reuters): Shares of smaller US companies are outpacing a rally in the broader equity market as they draw investors looking to scoop up cheaply valued stocks and those betting the group has already priced in an...

Premier Leasing Securities chairman re-elected

2022-08-01 00:00:00

Mr. A S M Feroz Alam was re-elected as Chairman of Premier Leasing Securities Limited in the 67th meeting of the board of directors of the company held recently, said a statement. After completion of graduation, Mr. Alam started his...

First female head of retail banking for HSBC Bangladesh

2022-08-01 00:00:00

Tanmi Haque has been appointed Country Head of Retail Banking, HSBC Bangladesh effective from today (Monday), said a statement. Tanmi is a seasoned professional with more than 20 years' experience across diverse functions of Banking and Development Sector including Strategy,...