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BPC counts lesser loss now

M AZIZUR RAHMAN | 2022-07-18 00:00:00

Bangladesh petroleum agency weighs dos amid a downturn in international prices of petroleum products for the past several days following OPEC's bearish forecast on global oil demand for next year.Officials say the state-run Bangladesh Petroleum Corporation (BPC) is now counting...

BD arms cargo insured

Mir Mostafizur Rahaman | 2022-07-18 00:00:00

Dhaka will not incur financial loss due to the crash of a Ukrainian plane in Greece on Saturday, which was carrying arms consignment for Bangladesh, as the cargo was insured, high-ups in the foreign ministry said.Serbia's Defence Minister Nebojša Stefanovic...

Bank borrowing triples in FY ’22

SIDDIQUE ISLAM | 2022-07-18 00:00:00

Government bank borrowings nearly tripled in the past fiscal, partly being pushed by need for financing budget deficit, officials say, raising its debt liability. Its aggregate net bank borrowings rose to Tk 727.49 billion as on June 30 last from...

Weather (2022-07-18)

2022-07-18 00:00:00

Light to moderate rain/thunder showers accompanied by temporary gusty wind is likely to occur at a few places over Khulna, Barishal, Chattogram, Rangpur and Sylhet divisions in the next 24-hour from 06:00 am today (Monday), according to the Met Office.Mild...

48 businesses fined for violating consumer rights

FE REPORT | 2022-07-18 00:00:00

The Directorate of National Consumer Rights Protection (DNCRP) collected Tk0.7 million in fine from 48 business entities during separate drives across the country on Sunday. Several mobile teams of the DNCRP led by its 25 officials carried out the drives...

Institutional recognition of youth skills essential

FE Report | 2022-07-18 00:00:00

Developing youths with new generation skills and their institutional recognitions are essential for the country to tap the potentials of demographic dividend, speakers at a discussion on Sunday said.They said that these are also vital to achieve the development goals...

BGB-BSF DG-level confce begins

2022-07-18 00:00:00

A five-day director general (DG)-level border conference between Border Guard Bangladesh (BGB) and Indian Border Security Force (BSF) began in the city on Sunday, reports UNB.Security issues like border killing; drugs, arms and ammunition; women and child trafficking; gold smuggling,...

Dengue cases on rise in country

FE REPORT | 2022-07-18 00:00:00

Two more people died from dengue, and 53 people were hospitalised with the viral infection in the last 24 hours ending at 8:00 am on Sunday as cases are creeping up again in Bangladesh.The country's first death this year from...

DWASA plans to divide city into 10 zones

FE Report | 2022-07-18 00:00:00

The Dhaka Water Supply and Sewerage Authority (WASA) plans to divide the city into 10 zones and set water prices on area and customer-wise.DWASA came up with the plan at a function held at a city hotel on Sunday while...

15 injured in Cumilla clash over MP-UZ chairman scuffle

2022-07-18 00:00:00

After a lawmaker and an Upazila Parishad chairman came to blows over a proposed committee for a local Awami League unit, their supporters were locked in violent clashes in Cumilla's Debidwar upazila, leaving at least 15 people injured, reports bdnews24.com.On...

Next hearing in Khaleda Gatco graft case July 24

2022-07-18 00:00:00

A Dhaka court has set July 24 for hearing in a graft case against BNP chairperson Khaleda Zia and 17 others, reports BSS.Judge Ali Hossen of Dhaka Special Judge Court-3 fixed the date after a charge framing hearing was held...

Dr Hasan Mahmud speaking at a discussion

2022-07-18 00:00:00

Information and Broadcasting Minister Dr Hasan Mahmud speaking at a discussion organised by Swapna Foundation at the Jatiya Press Club in the city on Sunday, marking Sheikh Hasina's Imprisonment Day — Focus Bangla

Samyabadi Dal (M-L) distributes relief in flood-hit areas

FE Report | 2022-07-18 00:00:00

Leaders of Bangladesher Samyabadi Dal (M-L) have distributed relief items among the flood-hit people in Osmani Nagar upazila of Sylhet district.They gave five kg rice, one kg pulse and one litre cooking oil to each family on Friday and Saturday,...

Charges pressed against Jamaat secretary general, nine others

2022-07-18 00:00:00

Police has filed a charge-sheet against 10 Jamaat men, including its secretary general Mia Golam Parwar, in a case lodged under Anti-Terrorism Act, reports BSS.Investigation agency Detective Branch (DB) of police submitted the charge sheet to Dhaka Anti-Terror Special Tribunal...

AL wants competitive and participatory polls: Quader

2022-07-18 00:00:00

Awami League (AL) General Secretary Obaidul Quader has said the party does not want uncontested elections, reports BSS.He also said the party wants competitive election with participation of all political parties. "The Awami League never wants to score goals on...

BNP hopeful of restoration of democracy: Fakhrul

2022-07-18 00:00:00

Accusing the government of shrinking the democratic space for political parties, BNP Secretary General Mirza Fakhrul Islam Alamgir has expressed the hope that democracy will be restored this time with the united efforts of the people, reports UNB."Political parties are...

What's next for the euro after slump against dollar?

2022-07-18 00:00:00

LONDON, July 17 (AFP): The euro's plunge against the dollar, triggered by the Ukraine war and mounting risks to the EU economy, has driven the two currencies to parity for the first time in two decades.The European single currency sank...

Starbucks says it's not in formal sale process for UK business

2022-07-18 00:00:00

July 16 (Reuters): Starbucks Corp is not in a formal sale process for its UK business, a company spokesperson said in a statement after The Times reported earlier on Saturday that the coffee chain is exploring a sale of the...

Iraq's date palms: rescuing a national icon

2022-07-18 00:00:00

KARBALA (Iraq), July 17 (AFP): Thousands of young date palms, Iraq's national symbol, form lines that extend from the edge of the desert near the central city of Karbala and into the horizon.Iraq's prized trees are central to a push...

UN urges Africa to swap commodities for tech

2022-07-18 00:00:00

DAKAR, July 17 (AFP): The UN's trade body said recently African economies were vulnerable to a triple shock as it urged governments to pave the way for tech startups that would ease dependence on commodities."A recent analysis by the UN...

Realty firm Signature Global files Rs 10b IPO papers

2022-07-18 00:00:00

NEW DELHI: Realty firm Signature Global (India) Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 10 billion through an initial public offering (IPO), according to NDTV.The IPO will comprise a fresh issue of equity shares...

US equity funds record third weekly outflow in a row

2022-07-18 00:00:00

US equity funds witnessed outflows for the third week in a row in the week ended July 13, on pessimism over economic growth and earnings outlook as companies are hit by higher borrowing costs and lower margins, reports Reuters.According to...

Saudi sovereign fund to become Aston Martin's no.2 shareholder

2022-07-18 00:00:00

Saudi Arabia's sovereign wealth fund will become the second-largest shareholder of Aston Martin with a nearly 17 percent stake in a capital raise aimed at paying off debt and shoring up its business, the British luxury carmaker said on Friday,...

Union Bank inaugurated Sub-Branches

2022-07-18 00:00:00

A B M Mokammel Hoque Chowdhury, Managing Director& CEO of Union Bank Limited, inaugurated Mahiganj Sub-Branch, Rangpur, Rayer Bazar Sub-Branch, Dhaka, Zero Point Sub-Branch, Khulna and Gopalganj Bazar Sub-Branch, Dinajpur as the chief guest through a videoconference from Head Office,...

24th AGM of Union Capital held

2022-07-18 00:00:00

The 24th Annual General Meeting (AGM) of Union Capital Limited (UCL) was held on Sunday on a digital platform. Chairman of UCL, Chowdhury Tanzim Karim presided over the meeting while Managing Director& CEO (current charge) A.N.M. Golam Shabbir was present.

SIBL arranged a day-long half-yearly Business Conference-2022

2022-07-18 00:00:00

Social Islami Bank Limited (SIBL) arranged a day-long half-yearly Business Conference-2022 on Saturday. The conference was presided over by Zafar Alam, Managing Director & CEO of Social Islami Bank. Abu Reza Md. Yeahia, Additional Managing Director, Md. Shamsul Hoque and...

News Briefs (2022-07-18)

2022-07-18 00:00:00

Disbursement of dividendContinental Insurance Ltd: The company has disbursed cash dividend for the year ended on 31 December 2021 to the respective shareholders.Board meetingsTakaful Islami Insurance Limited: A board meeting of the company will be held on July 23, 2022...

BHBFC eyes Tk 2.30b pre-tax profit

2022-07-18 00:00:00

Bangladesh House Building Finance Corpo-ration (BHBFC) set records in achieving or exceeding its targets in the fiscal year (FY) 2021-22. The organisation performed excellently well also in the fiscal year 2020-21. The state-owned institution providing home loans and investment across...

Lucrative summer offers from Minister on AC purchase

2022-07-18 00:00:00

Even though the rainy season has come, people of the whole country including the residents of the capital are sweating profusely in this blazing hot weather. For the intense heat, demand for ACs increases in summer as well. Despite the...

Gopalganj Municipality mayor at Milk Vita office

2022-07-18 00:00:00

Gopalganj Municipality Mayor Sheikh Rakib Hossain visited the Milk Vita head office after his swearing-in ceremony on Sunday.Milk Vita Chairman Sheikh Nadir Hossain Lipu received and greeted the newly-elected mayor. The newly-elected councillors of the municipality also accompanied him.Earlier Dhaka...