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Challenges lie in cutting inflation-fuelled woes

FE REPORT | 2022-06-08 00:00:00

An estimated Tk 6.78 trillion worth of expansionary budget is coming tomorrow (Thursday) with government sights set on higher targets, amid soaring prices and inflationary pressures on the economy. The government has set an ambitious target of gross domestic product...

Mild heatwave sweeping over four districts

2022-06-08 00:00:00

Light to moderate rain/thunder showers accompanied by temporary gusty wind is likely to occur at many places over Rangpur, Mymensingh and Sylhet divisions; at a few places over Rajshahi, Dhaka and Chattogram divisions and at one or two places over...

Prof Atiqul Islam, VC of NSU, presenting a crest

2022-06-08 00:00:00

Prof Atiqul Islam, vice chancellor of North South University, presenting a crest to Mashfiqus Salehin, Professor of Institute of Water and Flood Management of BUET, at a seminar on 'Only One Earth' organised by the university on its campus in...

75 dengue patients now under treatment

2022-06-08 00:00:00

Seventeen more dengue cases have been registered in 24 hours until Tuesday morning, reports UNB.Among the new patients, sixteen were admitted to different hospitals in Dhaka and another was hospitalised outside the capital, according to the Directorate General of Health...

Save SAARC from existing difficulties

2022-06-08 00:00:00

South Asian Association for Regional Cooperation (SAARC) Secretary General Esala Weerakoon has appealed to Bangladesh for its 'intervention' to save the SAARC process from the existing 'difficulties,' reports UNB.The SAARC Secretary General made the appeal to State Minister for Foreign...

SC upholds HC order to fine FMC O2 Ltd Tk 10m

FE REPORT | 2022-06-08 00:00:00

The Appellate Division of the Supreme Court on Tuesday upheld a High Court order that fined Tk 10 million to private company FMC O2 Limited on charge of abusing a court order of ad-interim injunction from showing the company as...

BM Depot fire may have been an act of sabotage

2022-06-08 00:00:00

Home Minister Asaduzzaman Khan does not believe the fire at the BM Container Depot in Sitakunda was 'just' an accident, report agencies."Something must have happened," he said. "Otherwise, we would not have lost so many lives. That is what I...

Controlling inflation important during post-Covid recovery

FE Report | 2022-06-08 00:00:00

The Brac University Economics Club (BUEC) organised a technical workshop on national budget featuring Dr Zahid Hussain, the former Lead Economist at the World Bank, recently to give an overview of fiscal layout to the students and club members. Professor...

People affected by flash floods get Tk 19m EU support

2022-06-08 00:00:00

The European Union (EU) is allocating €200,000 (over Tk 19 million) to provide emergency humanitarian assistance to families affected by the flash floods in north eastern districts, reports UNB.The aid will benefit over 20,000 people in districts affected by the...

Ensure safe food to reduce hypertension risk: Speakers

2022-06-08 00:00:00

Speakers at a webinar have emphasised the need for ensuring safe food in the county to reduce the risk of hypertension risk among people, reports UNB. They expressed the importance of safe food for tackling NCDs like hypertension and cardiovascular...

Bidi workers place 4-pt demand

2022-06-08 00:00:00

Bangladesh Bidi Sramik Federation has formed a human chain to press home their 4-point demand, including withdrawal of 10 per cent income tax on bidi in the next budget, says a press release.Over 1,000 bidi workers took part in the...

BCL leader held for assaulting cop in Rajshahi

2022-06-08 00:00:00

RAJSHAHI, June 07 (UNB): Police arrested a local leader of Bangladesh Chhatra League (BCL) in a case over assaulting a policeman in Puthia upazia of Rajshahi on Monday.The arrestee was Naeem Hasan, general secretary of BCL ward-2 Baneshwar union and...

ACC case against Nazmul Huda to continue

FE REPORT | 2022-06-08 00:00:00

The High Court on Tuesday summarily rejected a petition filed by former communications minister Nazmul Huda to cancel trial proceedings of a case filed against him by Anti-Corruption Commission (ACC) on February 19, 2020 for filing a false bribery case...

Quader asks AL men to resist plots against PM

2022-06-08 00:00:00

Awami League General Secretary Obaidul Quader on Tuesday urged the party leaders and activists to get prepared to resist all the plots being hatched against Prime Minister Sheikh Hasina, reports BSS."My leader (Sheikh Hasina) has been given death threat. Will...

'BCL men' attack Junaid Saki in Ctg

2022-06-08 00:00:00

CHATTOGRAM, June 07 (UNB): Coordinator of Ganosanghati Andolan Junaid Saki was injured in an attack allegedly by some Bangladesh Chhatra League (BCL) activists at Chattogram Medical College Hospital (CMCH) Tuesday evening. He was attacked when he went to the hospital...

BNP announces three-day prog in protest against gas price hike

2022-06-08 00:00:00

Bangladesh Nationalist Party (BNP) on Tuesday announced a three-day demonstration programme in protest against the fresh hike in gas prices, reports UNB.The party also demanded the government immediately revoke its decision on raising the gas prices and take steps to...

Awami League pays homage to Bangabandhu on 6-Point Day

2022-06-08 00:00:00

Awami League (AL) on Tuesday paid glowing tributes to the portrait of Father of the Nation Bangabandhu Sheikh Mujibur Rahman at Bangabandhu Museum in the city's Dhanmondi, marking the historic 6-Point Day, reports BSS.On June 7, 1966, Bangabandhu Sheikh Mujibur...

Citigroup to hire 3,000 in Asia banking business in growth push

2022-06-08 00:00:00

HONG KONG, June 07 (Reuters): Citigroup Inc plans to hire around 3,000 new staff for its Asia institutional business in the next few years, sharpening its focus in a fast-growing region where it has exited consumer banking in most markets,...

EU agrees single mobile charging port in blow to Apple

2022-06-08 00:00:00

BRUSSELS, June 07 (Reuters): Apple will have to change the connector on iPhones sold in Europe by 2024 after EU countries and lawmakers agreed on Tuesday to a single mobile charging port for mobile phones, tablets and cameras in a...

Toshiba director defends board nominees from hedge fund shareholders

2022-06-08 00:00:00

TOKYO, June 7 (Reuters): A Toshiba Corp external director on Tuesday rejected criticism that having two shareholder representatives would skew the board, as boardroom tensions at the troubled conglomerate erupted into a public row over a slate of director candidates."I...

Credit Suisse appoints Huang as head of APAC asset management

2022-06-08 00:00:00

HONG KONG, June 7 (Reuters): Credit Suisse has appointed Min Huang to lead its asset management business in the Asia Pacific, an internal memo reviewed by Reuters showed on Tuesday.The appointment comes seven months after Huang was named the bank's...

Asian stock valuations dip to 26-month low

2022-06-08 00:00:00

Asian equities' valuations dropped to a more than two-year low at the end of May, as regional shares were hit by concerns over monetary tightening measures by major central banks and supply chain disruptions, reports Reuters.The MSCI Asia-Pacific index's forward...

X80 5G available in stores

2022-06-08 00:00:00

Global smartphone brand vivo recently brought its newest flagship phone X80 5G to Bangladesh, reports UNB.The phone is now available in stores, the company said. Vivo X80 5G - the third vivo smartphone to come up with a Zeiss camera...

Huawei partners with Golden Harvest

2022-06-08 00:00:00

Huawei Technologies and Golden Harvest will work together in Bangladesh to help every industry achieve higher business growth and significantly cut operation costs, reports UNB.Abdul Huque, director of Golden Harvest, and Alex Li, director of Huawei Bangladesh, recently signed an...

SIBL opened a Hajj Booth at Ashkona Hajj Camp

2022-06-08 00:00:00

Social Islami Bank Limited (SIBL) recently opened a Hajj Booth at Ashkona Hajj Camp, Uttara in Dhaka to provide services to the pilgrims. Zafar Alam, managing director and CEO of the bank, inaugurated the Hajj Booth as the chief guest....

36th meeting of Audit Committee of Board of Directors of Modhumoti Bank held

2022-06-08 00:00:00

The 36th meeting of the Audit Committee of the Board of Directors of Modhumoti Bank Limited was held on Monday with Shaikh Salahuddin, MP, Chairman of Audit Committee and Vice-Chairman of the board of directors of the bank in the...

Islami Bank Foundation donated essential medicines and medical supplies

2022-06-08 00:00:00

Islami Bank Foundation has donated essential medicines and medical supplies for injured persons in the container depot fire break-out in Sitakundu, Chattogram. Dr. Mohammad Ilyas Chowdhury, Civil Surgeon, Chattogram, received the equipments from Mohammad Younus, Senior Manager of Islami Bank...

Blockchain Olympiad Bangladesh - 2022

2022-06-08 00:00:00

BCOLBD Organizing Committee organised a three-day Blockchain Olympiad Bangladesh - 2022. Khondkar Atique-E-Rabbani, Independent Director of ADN Telecom Limited and A. M. Ehsan-ul Haque and Chief Operating Officer of ADN Technologies Limited , spoke at the seminar on 'Credentials in...

London stocks edge up after PM wins confidence vote

2022-06-08 00:00:00

LONDON, June 7 (AFP): London's stock market nudged higher Tuesday after British Prime Minister Boris Johnson survived a vote of no confidence from his own Conservative MPs, while eurozone indices dropped.The FTSE 100 index rose 0.1 percent to 7,613.76 points...

News Briefs (2022-06-08)

2022-06-08 00:00:00

Disbursement of dividend Robi Axiata Limited: The company has disbursed the cash dividend for the year ended December 31, 2021 to the respective shareholders.Bank Asia Ltd: The company has disbursed the cash dividend for the year ended on December 31,...