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Public Relations Association of Banks organises summer festival

2022-06-14 00:00:00

Public Relations Association of Banks (PRAB) organised Summer Festival-1429 at a convention centre in the capital recently, says a press release.PRAB is an organisation consisting of officers working in the public relations, branding and communication departments of all the scheduled...

DBI-DIU course on 'Business Data Analysis' begins

2022-06-14 00:00:00

The inaugural ceremony of the first batch of an online certificate course on 'Business Data Analysis & Financial Forecasting', jointly organised by DCCI Business Institute (DBI) and Daffodil International University (DIU), was held virtually recently, says a press release.Speaking as...

Budget to encourage new investment in shipping business: SCB

2022-06-14 00:00:00

Md. Rezaul Karim, chairman of Shippers' Council of Bangladesh (SCB) said in the proposed budget for the fiscal 2022-2023, tax exemption has been extended till 2030 to encourage the movement of Bangladeshi flag ships. This will encourage new investment in...

BD Paints makes debut on SME Platform today

FE REPORT | 2022-06-14 00:00:00

Trading of the shares of BD Paints will commence today (Tuesday) on the SME Platforms of Dhaka Stock Exchange and Chittagong Stock Exchange.BD Paints is the 13th listed firm in the DSE SME Platform. Only qualified investors (QI) are allowed...

Core index hits below 6400-mark

FE REPORT | 2022-06-14 00:00:00

Stocks tumbled further on Monday, with the key index of the prime bourse falling below 6,400-mark after eight sessions, as the proposed budget failed to meet investors expectations.Instability of exchange rate and worries on the runaway inflation due to the...

DSE for widening tax gap between listed, non-listed companies

FE Report | 2022-06-14 00:00:00

Dhaka Stock Exchange (DSE) has urged the government to widen the gap between the rates of corporate tax paid by listed and non-listed companies.The premier bourse DSE said the gap between the rates of corporate tax paid by listed and...

Cryptocurrency market value slumps under $1.0 trillion

2022-06-14 00:00:00

LONDON, June 13 (Reuters): The value of the cryptocurrency market on Monday fell below $1 trillion for the first time since January 2021, according to data site CoinMarketCap, reaching as low as $926 billion.The global cryptocurrency market peaked at $2.9...

BoE to raise rates 25 bps in June

2022-06-14 00:00:00

LONDON, June 13 (Reuters): The Bank of England (BoE) will raise interest rates in June by a modest 25 basis points and stick to those increments in coming meetings despite inflation running close to double-digits, a Reuters poll of economists...

112th meeting of the Executive Committee of Modhumoti Bank held

2022-06-14 00:00:00

The 112th meeting of the Executive Committee of Modhumoti Bank Limited was held using Zoom technology recently, with EC Chairman Barrister Sheikh Fazle Noor Taposh in the chair. Managing Director & CEO of the bank Md Shafiul Azam was also...

Bengal Commercial Bank opened a stall at 29th Chittagong International Trade Fair

2022-06-14 00:00:00

Bengal Commercial Bank has opened a stall at the 29th Chittagong International Trade Fair to serve the clients instantly. Mahbubul Alam, Vice Chairman of the bank and president of Chittagong Chamber of Commerce &Industry (CCCI), inaugurated the stall on Saturday.

Shakawath reappointed as CEO of Unique Hotel

2022-06-14 00:00:00

Shakawath Hossain has recently been reappointed as the Chief Executive Officer (CEO) of Unique Hotel & Resorts PLC, the owning company of The Westin Dhaka, Sheraton Dhaka and HANSA, a premium residence, says a press release.Shakawath is the youngest professional...

RMG packaging makers seek cash incentive

FE REPORT | 2022-06-14 00:00:00

The country's garment accessories and packaging makers and exporters urged the government to provide them with cash incentive and continue the existing 0.50 per cent source tax. Bangladesh Garments Accessories and Packaging Manufacturers and Exporters Association also demanded withdrawal of...

Raw jute exporters push to reduce source tax to 0.25pc

FE REPORT | 2022-06-14 00:00:00

Raw jute exporters have urged the government to reduce advance source tax to 0.25 per cent on their export earnings in the budget.Bangladesh Jute Association (BJA) made the demand through a statement on Monday.They also demanded a reduction in excise...

Special mango train service begins

2022-06-14 00:00:00

CHAPAINAWABGANJ, June 13 (UNB): The special mango train with 3,000 kgs of mangoes left for Dhaka from Rahanpur Rail Station in Chapainawabganj on Monday afternoon, railway authorities said.Chief Transportation Officer of Bangladesh Railway West zone Shahidul Islam inaugurated the special...

BIDA, BCCCI to help boost Chinese investments

FE REPORT | 2022-06-14 00:00:00

Bangladesh Investment Development Authority (BIDA) and Bangladesh China Chamber of Commerce and Industry (BCCCI) signed a Memorandum of Understanding (MoU) on Monday, aiming to work jointly to increase Chinese investment in Bangladesh. BIDA Executive Member Avijit Chowdhury and Acting General...

Migrant labour shortage weighs on Malaysian firms

2022-06-14 00:00:00

KUALA LUMPUR, June 13 (Reuters): Malaysian companies from palm oil plantations to semiconductor makers are refusing orders and forgoing billions in sales, hampered by a shortage of more than a million workers that threatens the country's economic recovery.Despite lifting a...

Gold falls 1.0pc as rate hike bets bolster dollar

2022-06-14 00:00:00

LONDON, June 13 (Reuters): Gold fell 1 per cent on Monday after the dollar strengthened and Treasury yields rose as data showing surging inflation in the U.S. fuelled bets for steeper rate hikes from the Federal Reserve.Spot gold fell 0.9...

'SMART Bangladesh: Role of ICT Industry'

2022-06-14 00:00:00

Minister for Posts and Telecommunications Mustafa Jabbar, State Minister for Power, Energy and Mineral Resources Nasrul Hamid, State Minister for Information and Communication Technology Division Zunaid Ahmed Palak, former BGMEA president and Vice-Chancellor of Asian University for Women Dr Rubana...

Oil falls on Beijing's COVID warning, inflation worries

2022-06-14 00:00:00

LONDON, June 13 (Reuters): Oil dropped almost $1 a barrel on Monday as a flare-up in COVID-19 cases in Beijing and worries about more interest rate hikes raised concern about demand, although tight global supplies limited losses.Beijing's most populous district...

N Korea fires suspected artillery

2022-06-14 00:00:00

SEOUL, June 13 (AFP): North Korea fired a series of artillery shots over the weekend, Seoul's military said, days after leader Kim Jong Un vowed to use "power for power" to defend the country's sovereignty.The South Korean military detected "several...

Macron's bloc expected to maintain its parliamentary majority

2022-06-14 00:00:00

PARIS, June 13 (AP): French President Emmanuel Macron's centrist alliance is expected to keep its parliamentary majority after the first round of voting Sunday, but will likely have far fewer seats than five years ago, according to projections.Projections based on...

Biden to travel to S Arabia, Israel in July

2022-06-14 00:00:00

NEW YORK, June 13 (Reuters): US President Joe Biden will travel to Saudi Arabia and Israel next month and the White House is planning to announce the trip this week, a source familiar with the planning said on Sunday.Biden's trip,...

Panel to hear Trump campaign manager, probe election lie

2022-06-14 00:00:00

WASHINGTON, June 13 (AP): The House committee investigating the Jan. 6 riot is delving deeper into what it calls "the big lie," Donald Trump's false claims of voter fraud that fueled his relentless effort to overturn the 2020 election and...

Uttar Pradesh destroys houses of Muslim protesters

2022-06-14 00:00:00

NEW DELHI, June 13 (BBC): Authorities in the northern Indian state of Uttar Pradesh (UP) have demolished the houses of some Muslims who were allegedly linked to religious protests that turned violent.The protests were sparked by derogatory remarks made by...

Moscow-backed officials try to solidify Ukraine rule

2022-06-14 00:00:00

KYIV, Ukraine, June 13 (AP/BBC/AFP): Kremlin-installed officials in occupied southern Ukraine celebrated Russia Day on Sunday and began issuing Russian passports to residents in one city who requested them, as Moscow sought to solidify its rule over captured parts of...

N commitments reversible: Iran

2022-06-14 00:00:00

TEHRAN, June 13 (AFP): Iran said Monday that all measures it has taken to roll back on its commitments under the 2015 nuclear deal with world powers are "reversible"."If the agreement is finalised in Vienna tomorrow, all the measures carried...

Sadr's alliance MPs resign

2022-06-14 00:00:00

BAGHDAD, June 13 (AP): Dozens of lawmakers who make up the biggest bloc in Iraq's parliament resigned on Sunday amid a prolonged political impasse, plunging the divided nation into political uncertainty.The 73 lawmakers from powerful Shiite cleric Muqtada al-Sadr's bloc...

Warne honoured posthumously, Barty awarded in Queen's birthday list

2022-06-14 00:00:00

SYDNEY, June 13 (Reuters): Shane Warne has received his first Australian state honour posthumously after being named an Officer of the Order of Australia (AO) along with former tennis player Ash Barty in the Queen's Birthday list.The spin-bowling great, who...

4th MTB Club Football Carnival held

2022-06-14 00:00:00

Managing Director and CEO of Mutual Trust Bank Syed Mahbubur Rahman handing over a trophy to a winner of the 4th MTB Club Football Carnival held at Residential Model High School in the city recently. Vice Chairman of MTB Md...

FIFA approves permanent use of five subs for top games

2022-06-14 00:00:00

DOHA, June 13 (AFP): Football's rules body on Monday said that five substitutes would be permanently introduced for all top games and that an automatic offside detector is closer to being introduced for this year's World Cup.FIFA president Gianni Infantino...