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70 dengue patients hospitalised

2022-07-21 00:00:00

Seventy more dengue patients were hospitalised in 24 hours until Wednesday morning amid a rise in the mosquito-borne disease in Bangladesh, according to Directorate General of Health Services (DGHS).Among them, 56 patients were hospitalised in Dhaka while the remaining 14...

Vice Chancellor Major General Md Mahbub-ul Alam speaking at the Freshers' Reception-2022

2022-07-21 00:00:00

Bangladesh University of Professionals (BUP) Vice Chancellor Major General Md Mahbub-ul Alam speaking at the Freshers' Reception-2022 for the newly-enrolled students of BUP on the university campus on Tuesday

RAB nabs five busting kidney racket in city

FE REPORT | 2022-07-21 00:00:00

Rapid Action Battalion (RAB) arrested five alleged members of a gang that trades in kidney through social media.The crime-busting force made the arrests conducting a drive from Tuesday night to Wednesday morning in Vatara, Banasree and Mirpur areas of the...

DNCRP fines sohoz Tk 0.2m

FE REPORT | 2022-07-21 00:00:00

The Directorate of National Consumer Rights Protection (DNCRP) on Wednesday fined sohoz.com Tk 0.2 million following complaints lodged by Md Mohiuddin Hawlader Roni, a student of Dhaka University (DU). Roni, a fourth year student of DU's Department of Theatre and...

Rain gives respite to city-dwellers

FE REPORT | 2022-07-21 00:00:00

Some parts of Dhaka on Wednesday experienced moderate rainfall giving an immediate respite from scorching heat for the people. Met office recorded 13 millimetres rainfall in the last 24 hours till 6.00pm on the day, Bangladesh Meteorological Department (BMD) said...

Dhaka seeks global support to fight pandemic, economic fallout

2022-07-21 00:00:00

Foreign Minister AK Abdul Momen has called for global cooperation to combat the Covid-19 pandemic for quick economic recovery, reports UNB.He made the call while delivering a statement at the virtual Covid-19 Global Action Plan (GAP) Foreign Ministerial Meeting jointly...

SC's digital boards to display case info

2022-07-21 00:00:00

Two digital display boards have been installed outside the courtrooms of the Appellate Division of the Supreme Court to show the details of the ongoing cases and their summaries as per the cause-list, reports UNB."This is the first such incident...

Application rolls out for 6th Joy Bangla Youth Award

2022-07-21 00:00:00

The long wait for the country's most cherished award for young trailblazers is over with the sixth Joy Bangla Youth Award scheduled for November this year, reports UNB.Youth organisations that turned around communities through social initiatives can apply for the...

CGIAR launches research portfolio in Bangladesh to tap agri-food potential

FE REPORT | 2022-07-21 00:00:00

The Consultative Group for International Agricultural Research (CGIAR), a consortium of international agricultural research centres, in collaboration with the government of Bangladesh launched its research portfolio on Wednesday, targeting advanced scientific innovations to help tap the potential of the country's...

BNP perplexed seeing mega projects implemented: Quader

2022-07-21 00:00:00

Awami League General Secretary Obaidul Quader on Wednesday said the Bangladesh Nationalist Party (BNP) is getting perplexed now as mega projects are being implemented in the country, reports BSS."The heartburning of BNP leaders is yet to be eased but it...

BNP appreciates CEC but won't join talks with EC

2022-07-21 00:00:00

BNP senior Leader Mirza Abbas on Wednesday appreciated Chief Election Commissioner Kazi Habibul Awal for inviting their party to talks, but he said they will not participate in any dialogue with the Election Commission (EC) unless there is a change...

New British financial taskforce to help embed market reforms

2022-07-21 00:00:00

LONDON, July 20 (Reuters): The London Stock Exchange Group said on Tuesday it has launched a taskforce to drive through financial reforms announced by British government to buttress the capital's attraction for global investors.The UK Capital Markets Taskforce includes chief...

World shares hit three-week high

2022-07-21 00:00:00

LONDON/BEIJING, July 20 (Reuters): World shares hit a three-week high on Wednesday as strong US corporate earnings and the expected resumption of Russian gas supply to Europe allayed fears of a recession, though the dollar hovered near two-week lows on...

News Briefs (2022-07-21)

2022-07-21 00:00:00

Disbursement of dividend Alif Industries Limited: The company has disbursed the cash dividend for the year ended June 30, 2021 to the respective shareholders.First Security Islami Bank Limited: The company informed that it has disbursed the cash dividend for the...

Gazprom bond payments trickle through to some creditors

2022-07-21 00:00:00

LONDON, July 19 (Reuters): Payments due on international bonds issued by Russia's Gazprom have been transferred to some creditors, a source familiar with the matter said on Tuesday, amid the economic tit-for-tat surrounding the country's gas flows to Europe.This includes...

Bank Asia signed agreement with International Finance Corporation

2022-07-21 00:00:00

Bank Asia Limited signed an agreement with International Finance Corporation (IFC), a member of World Bank Group, for Advisory Services on Risk Management & Credit Underwriting. Md Arfan Ali, President & Managing Director of Bank Asia, and Nuzhat Anwar, Senior...

ABM Mokammel Hoque Chowdhury inaugurated Union Bank's Bahaddarhat Branch

2022-07-21 00:00:00

ABM Mokammel Hoque Chowdhury, Managing Director & CEO of Union Bank Limited, inaugurated the bank's Bahaddarhat Branch in Chattogram as the chief guest through videoconferencing from the Head Office in Dhaka. Additional Managing Director Md Habibur Rahman, Deputy Managing Director...

ICSB gets new secretary, CEO

2022-07-21 00:00:00

Md. Zakir Hossain has joined the Institute of Chartered Secretaries of Bangladesh (ICSB) as the Secretary and Chief Executive Officer (CEO), says a press release. Prior to that, he was Registrar (Additional Secretary) of Registrar of Joint Stock Companies and...

DBCCI gets new office bearers

2022-07-21 00:00:00

Newly re-elected President Md. Anwar Shawkat Afser, Managing Director, Sakhi Lines Ltd. (Sakhi Group), took over the charges for the year 2022-24 for a third time at the Dutch-Bangla Chamber of Commerce & Industry (DBCCI), says a press release. He...

IDCOL signs $256.5 deal with Green Climate Fund

2022-07-21 00:00:00

IDCOL as the Direct Access Entity (DAE) of GCF, signed a Funded Activity Agreement (FAA) with GCF on Wednesday to receive USD 256.5 million concessional financing to promote energy efficiency in textile and RMG sectors of Bangladesh. The signing ceremony...

Tk 250b refinancing scheme for CMSME sector

FE Report | 2022-07-21 00:00:00

The central bank has set up a new refinancing scheme worth Tk 250 billion to support funding for cottage, micro, small and medium enterprises (CMSME) across the country, officials said.The central bank will provide the refinancing facility through eligible scheduled...

EBL wins 'Best Domestic Bank' award

2022-07-21 00:00:00

Eastern Bank Limited (EBL), a leading private sector commercial bank of the country, has been awarded as the Bangladesh's Best Domestic Bank 2022 by Asiamoney, a renowned global financial publication, says a press release. The bank received this prestigious recognition...

BIFC jumps 39pc in five days

FE REPORT | 2022-07-21 00:00:00

The share price of Bangladesh Industrial Finance Company (BIFC), a junk stock, is rising 'abnormally' as the company topped the gainers' list for the second straight session on Wednesday.The scam-hit non-bank financial institution's stock jumped 39 per cent in the...

Take steps to make capital market vibrant: PM

FE REPORT | 2022-07-21 00:00:00

Prime Minister Sheikh Hasina has advised the Bangladesh Securities and Exchange Commission (BSEC) to do the needful for keeping the country's stock market stable."The Prime Minister wants to see a vibrant capital market. She has instructed us to take whatever...

Eastland Insurance approves 10pc cash dividend in 35th AGM

2022-07-21 00:00:00

The 35th Annual General Meeting (AGM) of Eastland Insurance Co. Ltd. was held on Wednesday through a virtual platform to avoid spreading of Covid-19, says a press release. The meeting was presided over by Mahbubur Rahman, Chairman of the company....

Stocks extend losses but turnover jumps 108pc

FE REPORT | 2022-07-21 00:00:00

Stocks extended the losing streak for a seventh consecutive session on Wednesday as jittery investors, facing confidence crisis, continued their relentless sell-offs. The market witnessed a positive trend in the early trading but failed to maintain the momentum as investors...

BGMEA seeks support of IMF on strategic vision of RMG industry

2022-07-21 00:00:00

A delegation of the International Monetary Fund (IMF) led by IMF Mission Chief for Bangladesh Rahul Anand paid a courtesy call on BGMEA President Faruque Hassan at BGMEA's PR office in Gulshan of the city on Wednesday, says a press...

Oil prices slip ahead of U.S. inventory data

2022-07-21 00:00:00

Oil prices fell as much as $2 a barrel on Wednesday, under pressure from global central bank efforts to limit inflation and ahead of an expected build-up in U.S. crude inventories, reports Reuters.Brent crude prices for September were down $1.68,...

RBI ready to 'spend $100bn more' defending rupee

2022-07-21 00:00:00

India's central bank is prepared to sell a sixth of its foreign exchange reserves to defend the rupee against a rapid depreciation after it plumbed record lows in recent weeks, a senior source aware of the central bank's thinking told...

Kabir Bin Anwar presides over an emergency meeting

2022-07-21 00:00:00

Water Resources Ministry Senior Secretary Kabir Bin Anwar presides over an emergency meeting on Wednesday at the Pani Bhaban in the city as part of the move to save electricity and energy at the national level. The meeting took some...