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No legal bar to invite Khaleda to Padma Bridge opening, says Anisul Huq

2022-06-06 00:00:00

Law, Justice and Parliamentary Affairs Minister Anisul Huq on Sunday said there is no legal bar to inviting BNP chairperson Khaleda Zia to the Padma Bridge inauguration ceremony, reports BSS."There are two conditions over the suspension of Khaleda Zia's jail...

Gatco graft case indictment hearing July 17

2022-06-06 00:00:00

A Dhaka court on Sunday set July 17 for holding hearing on charge-framing against BNP Chairperson Khaleda Zia and 17 others in connection with Gatco graft case, reports BSS.Judge Ali Hossen of Dhaka Special Judge Court-3 re-fixed the date after...

Quader questions legality of fugitive convict Tarique's position in BNP

2022-06-06 00:00:00

Awami League general secretary Obaidul Quader on Sunday questioned how convicted fugitive Tarique Rahman became the acting chairman of Bangladesh Nationalist Party (BNP) despite being a foreign national, reports BSS.He asked this question at a press conference held at his...

JSSD leader explains his comment

2022-06-06 00:00:00

Amid the uproar centring his "let the weapons of 1975 roar again" comment, Jatiyatabadi Swechchhasebak Dal (JSSD) General Secretary Abdul Quader Bhuiyan Jewel on Sunday said it was just to evoke the civil-military uprising on November 7, 1975, reports UNB....

Probe to find whether Ctg fire an accident or sabotage

2022-06-06 00:00:00

Investigation will reveal whether the Chattogram container depot fire was an accident or sabotage, said Information Minister Hasan Mahmud on Sunday, reports UNB. Investigations are on to detect the real reason behind the devastating fire at BM container depot in...

Sitakunda fire exposes fragile state system, alleges Fakhrul

2022-06-06 00:00:00

THAKURGAON, June 05 (UNB): BNP Secretary General Mirza Fakhrul Islam Alamgir on Sunday said the deadly fire at BM Container Depot in Sitakunda has exposed a very fragile state system in Bangladesh. "No security measures were taken there. I am...

Prime Minister Sheikh Hasina plants a sapling

2022-06-06 00:00:00

Prime Minister Sheikh Hasina plants a sapling in the capital on Sunday after inaugurating the 'World Environment Day and Environment Fair 2022' virtually from her official residence Ganobhaban — PID

Xiaomi India appoints new GM

2022-06-06 00:00:00

MUMBAI, June 05 (Arab News): The Indian unit of Chinese smartphone maker Xiaomi Corp said it has appointed founding member Alvin Tse as its general manager (GM), a change of guard as the company faces government scrutiny over its business...

Mercedes recalls one million older cars

2022-06-06 00:00:00

BERLIN, June 05 (AFP): German carmaker Mercedes-Benz is recalling nearly one million older vehicles worldwide due to a potential problem with the braking system, the federal transport authority (KBA) said.The KBA said in a statement dated June 1 and reported...

Navana officially launched three new Toyota models

2022-06-06 00:00:00

Navana Limited officially launched three new Toyota models -- Toyota Raize, 3rd generation Toyota Avanza, and Toyota Veloz -- on the Toyota premises at Tejgaon in Dhaka recently. Wahed Azizur Rahman, Group CEO of Navana Group; Ahmed Saquib, Chief Operating...

A views-exchange meeting held between Fazle Kabir and senior executives of RAKUB

2022-06-06 00:00:00

A views-exchange meeting was held between the Governor of Bangladesh Bank Fazle Kabir and the senior executives of Rajshahi Krishi Unnayan Bank (RAKUB) at the Bank's Head Office in Rajshahi on Saturday. Chairman of the Board of Directors of RAKUB...

Walton sets up research centre in South Korea

2022-06-06 00:00:00

Electronics and technology giant Walton has set up a Research and Innovation Centre in South Korea. To this end, Walton signed an agreement with a reputed South Korean design house to jointly work on bringing groundbreaking changes in quality and...

BGMEA urges EU to continue GSP after LDC graduation

2022-06-06 00:00:00

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) urged the European Union (EU) to continue GSP facilities for 10 to 12 more years after the country's graduation to a developing nation in 2026, reports BSS. A delegation of BGMEA made the...

Rupali Bank opened ATM booth at New Market Branch

2022-06-06 00:00:00

Rupali Bank Limited opened an ATM booth at New Market Branch of the bank in Dhaka on Sunday. Kazi Sanaul Haque, Chairman of Rupali Bank, and Md. Obayed Ullah Al Masud, Managing Director & CEO, inaugurated the booth.

European shares end week lower

2022-06-06 00:00:00

European shares fell on Friday, wiping out earlier gains, after US jobs data supported the case for the Federal Reserve's aggressive policy tightening and investors raised their bets on ECB rate hikes following strong inflation numbers this week, reports Reuters.The...

Egypt private sector activity extends contraction in May as inflation weighs

2022-06-06 00:00:00

CAIRO, June 5 (Reuters): Non-oil private sector activity in Egypt contracted for an 18th month in May as the Ukraine crisis, import restrictions and a devalued currency put pressure on prices, a survey showed on Sunday.The S&P Global Egypt Purchasing...

DSE/CSE News in Brief (2022-06-06)

2022-06-06 00:00:00

Suspension of tradingKarnaphuli Insurance Company Ltd: Trading of the shares of the company will remain suspended on record date, today (Monday).IPO shares creditedMeghna Insurance: The IPO shares of Meghna Insurance Company Limited have been credited through CDBL to the respective...

News Briefs (2022-06-06)

2022-06-06 00:00:00

Board meetingsPrime Insurance Company Limited: A board meeting of the company will be held on June 08, 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.Union...

Jamuna Bank launched three profitable deposit schemes

2022-06-06 00:00:00

On the occasion of 22 years of operation, Jamuna Bank Limited launched three profitable deposit schemes for customers. They are Jamuna Lac Taka Lucky Scheme, Jamuna Probashi Kollan Scheme, 22 Kistite Lakhpati Scheme and inaugurated Jamuna Bank Foundation Physiotherapy Center...

IBBL organized Micro and SME Entrepreneur Conference

2022-06-06 00:00:00

Islami Bank Bangladesh Limited organized a Micro and SME Entrepreneur Conference on Saturday at a local hotel in Rajshahi. Fazle Kabir, Governor of Bangladesh Bank, addressed the conference as the chief guest. Mohammed Monirul Moula, Managing Director and CEO of...

City Bank completes subscription of subordinated bond

2022-06-06 00:00:00

City Bank recently successfully completed the subscription of the bank's 4th Subordinated Bond worth BDT 7.00 billion, where City Bank Capital Resources Ltd and IDLC Investments Ltd were the lead arranger and trustee of the issue respectively. The issue has...

IDLC donates 5pc of CSR fund to PM's Education Assistance Trust

2022-06-06 00:00:00

IDLC Finance Limited has contributed 5.0 per cent of its total Corporate Social Responsibility (CSR) budget for the year 2022 to the Prime Minister's Education Assistance Trust.Prime Minister's Education Assistance Trust is a Bangladesh government trust fund under the Ministry...

Tanjil Chowdhury re-elected Chairman of Prime Bank

2022-06-06 00:00:00

Tanjil Chowdhury has been unanimously re-elected as chairman of Prime Bank for a consecutive term of two-years (2022-24) in the 528th Board Meeting. He is the Managing Director of East Coast Group (ECG), a diversified conglomerate in Energy & Downstream...

Authentic info by listed cos key to take proper investment decisions

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

Technical analysis is very important for investors to take proper investment related decisions based on information disseminated by listed companies.Dr. Shaikh Shamsuddin Ahmed, a commissioner of the Bangladesh Securities and Exchange Commissioner (BSEC), on Sunday said this at a workshop...

EBL reappoints Ali Reza Iftekhar as MD & CEO

2022-06-06 00:00:00

Eastern Bank Ltd. (EBL) has reappointed Ali Reza Iftekhar, Managing Director and CEO for a fifth term until his retirement on April 18, 2026. He has been in this position since 2007. He is a recipient of CEO of the...

23rd AGM of National Housing Finance and Investments held

2022-06-06 00:00:00

The 23rd Annual General Meeting (AGM) of National Housing Finance and Investments Limited was held on a virtual platform recently. The meeting was presided over by Mahbubur Rahman, Chairman of the company, while Mohammad Shamsul Islam, Managing Director, was present....

Major sectors contribute to continuous mkt upturn

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

Dhaka bourse closed the week's first session with a moderate rise in broad index following investors' increased participation in transactions.Major sectors of listed securities on Sunday played a market supportive role and helped Dhaka Stock Exchange (DSE) extend the gaining...

Brazil face Japan in friendly today

2022-06-06 00:00:00

TOKYO, June 05 (AP): Brazil coach Tite has had the full four-year cycle to prepare for this year's World Cup in Qatar, unlike 2018 in Russia when he took over in the middle of the cycle after Dunga was fired.Fresh...

Ronaldo named Utd's Player of the Year

2022-06-06 00:00:00

Cristiano Ronaldo has won the Sir Matt Busby Player of the Year and Goal of the Season in his first year back at Manchester United, according to The British daily newspaper Daily Mail.He has now won the United Player of...

Hungary's first win over England in 60 years

2022-06-06 00:00:00

ROME, June 05 (AP): England slumped to its first loss to Hungary in six decades by 1-0 in the Nations League on Saturday.Dominik Szoboszlai converted a second-half penalty after being fouled by Reece James.The last time Hungary beat England came...