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No scope to manipulate polls through EVM or muscle power: CEC

2022-05-30 00:00:00

CUMILLA, May 29 (UNB): Chief Election Commissioner (CEC) Kazi Habibul Awal on Sunday said there is scope to manipulate the polls through the Electronic Voting Machines (EVMs) or by using muscle power.He said this at a meeting with mayor and...

Zia's 41st death anniversary today

2022-05-30 00:00:00

BNP will observe the 41st death anniversary of its founder and former President Ziaur Rahman today (Monday), reports UNB.BNP and its different associate bodies chalked out a 10-day programme to observe the death anniversary across the country.The observance of Zia's...

BNP denounces govt's amnesty plan for money launderers

2022-05-30 00:00:00

BNP on Sunday described the government's plan to offer an amnesty for money launderers as a devilish trick to legalise the funds the ruling party leaders siphoned off abroad from Bangladesh, reports UNB."They (AL leaders) are looting the assets of...

BNP's slogan exposes its character: Quader

2022-05-30 00:00:00

Awami League General Secretary Obaidul Quader on Sunday said the BNP's slogan - 'let the weapons of the 15 August roar once again' - has exposed its murderous character, reports BSS.He made the remark while addressing a press conference at...

Canadian banks shrink future bad debt cushion even as economic risks mount

2022-05-30 00:00:00

TORONTO, May 29 (Reuters) - Canadian banks wrapped up second-quarter earnings season last week, with most reporting better-than-expected profits, in large part by reducing the amounts of funds they set aside for future loan losses, raising questions among investors and...

UK equities record best week since mid-March

2022-05-30 00:00:00

The FTSE 100 inched higher on Friday, recording its best weekly showing since mid-March, although oil and gas stocks came under renewed pressure after the UK government's windfall tax plan this week, reports Reuters.The FTSE 100 (.FTSE) rose 0.3 per...

Evergrande discussing staggered payments, debt-to-equity swaps for $19b offshore bonds

2022-05-30 00:00:00

HONG KONG, May 29 (Reuters): China Evergrande Group is considering repaying offshore public bondholders owed around $19 billion with cash instalments and equity in two of its Hong Kong-listed units, two sources said, as the world's most indebted developer struggles...

Stock rally fanned by hopes of Fed 'past peak hawkishness'

2022-05-30 00:00:00

NEW YORK, May 29 (Reuters): Bad news may once again be good news on Wall Street, as signs of slowing US growth fan hopes that the Federal Reserve may not need to tighten policy as much as previously expected.Home sales...

BHBFC organised a special seminar on 'FinTech for Sustainable Development in Financial Sector of Bangladesh'

2022-05-30 00:00:00

Bangladesh House Building Finance Corporation (BHBFC) organised a special seminar on 'FinTech for Sustainable Development in Financial Sector of Bangladesh' on Sunday at the BHBFC Training Center in the capital. Prof. Dr. Md. Salim Uddin, FCA, FCMA, the Chairman Board...

Tarique Amin Bhuiyan greeted Professor Dr. Rumana Islam

2022-05-30 00:00:00

Tarique Amin Bhuiyan, Managing Director of Dhaka Stock Exchange Limited (DSE), greeted Professor Dr. Rumana Islam who recently joined Bangladesh Securities and Exchange Commission (BSEC) as a commissioner.

A training course on "Entrepreneurship Development Programme"

2022-05-30 00:00:00

A training course on "Entrepreneurship Development Programme" under the project of Skills for Employment Generation Programme, Tranche -3 began recently. In the inaugural ceremony, Md. Jaker Hossain, General Manager & Head of SMESPD, Bangladesh Bank, graced the occasion as the...

MTB signed agreement with RAJUK

2022-05-30 00:00:00

Mutual Trust Bank Ltd. (MTB) has recently signed an agreement with Rajdhani Unnayan Kartripakkha (RAJUK) for online fees collection of Electronic Construction Permitting System (ECPS). Under this agreement, clients of RAJUK will be able to pay ECPS fees through Online...

ICB handed over cheques to the affected small investors

2022-05-30 00:00:00

Investment Corporation of Bangladesh (ICB) handed over cheques to the affected small investors from Investment Fund. Managing Director of ICB Mr. Md. Abul Hossain, was present at the programme. On the occasion, BLI Capital Limited received Tk 70 million, IIDFC...

News Briefs (2022-05-30)

2022-05-30 00:00:00

Disbursement of dividend IFIC Bank Limited: The company has credited the bonus shares for the year ended December 31, 2021 to the respective shareholders' BO accounts on May 29, 2022.Spot tradingPeninsula: Trading of the shares of The Peninsula Chittagong Limited...

NBL to raise Tk 5.0 billion

FE Report | 2022-05-30 00:00:00

National Bank Ltd. (NBL), a first generation private commercial bank, will raise Tk 5.0 billion issuing subordinated bond to strengthen its capital base.The company's board of director has taken the decision of raising capital in a board meeting held recently,...

Nagad holds 'Get-together' with DMP's Detective Branch

2022-05-30 00:00:00

Nagad organised a get-together event recently with the Detective Branch of the Dhaka Metropolitan Police to discuss the customers' transactional security in the mobile financial sector. At the event arranged by the organisation's External Affairs Division, the speakers discussed various...

Bangladesh needs huge investment in logistics

FE REPORT | 2022-05-30 00:00:00

The country, with its growth trajectory ahead, needs huge investment in logistics to ensure its sustainable development, speakers at a programme on Sunday said.Efficient logistics is also an important pre-requisite for export diversification and smooth supply chain across the country...

Ispahani receives National Productivity and Quality Excellence Award 2020

2022-05-30 00:00:00

Pahartali Textile and Hosiery Mills, an export-oriented venture of M. M. Ispahani Limited won the National Productivity and Quality Excellence Award 2020. The Managing Director of Ispahani Group, Mr. Shakir Ispahani received the award from Minister of Industries, Mr. Nurul...

Stock mkt sees robust rise

FE Report | 2022-05-30 00:00:00

Dhaka bourse on Sunday witnessed a robust rise in broad index extending gaining streak for the second consecutive session riding on investors' increased participation in transactions.On the day, most of the listed securities saw price appreciation and some major sectors...

Despite high gas prices, US refiners strain to meet summer demand

2022-05-30 00:00:00

NEW YORK, May 29 (AFP): Only time will tell how much record US prices at the pump will dent driving demand this summer, but don't expect a significant increase in gasoline supply from American refineries.The reason: Several US gasoline refineries...

AGL Energy mulls strategic review amid demerger doubts

2022-05-30 00:00:00

SYDNEY, May 29 (Reuters): AGL Energy Limited could launch a strategic review as early as Monday as doubts grow over the Australian power producer's plans to split into two companies, the Australian newspaper reported.AGL was mulling its options on Sunday...

KAEC gears up to become automotive capital of the region, CEO says

2022-05-30 00:00:00

JEDDAH, May 29 (Arab News): The King Abdullah Economic City is all poised to become the automotive capital of the region, with car companies evincing interest in setting manufacturing facilities in the city, said its CEO Cyril Piaia.The megacity has...

India's L&T ahead for NEOM hydrogen renewables facilities

2022-05-30 00:00:00

RIYADH, May 29, (Arab News): Saudi Arabia's NEOM Green Hydrogen Co. is understood to have selected India's Larsen & Toubro to build solar and wind plants for supplying electricity to the city's $6.4-billion green hydrogen-based ammonia plant, MEED reported.ACWA Power,...

5G rollout in BD step by step

FE REPORT | 2022-05-30 00:00:00

Minister of Posts and Telecommunications Mustafa Jabbar Sunday said 5G network will be introduced in Bangladesh phase by phase and places when required rather than blanket activation of the fifth generation network. Calling on the mobile operators to implement quality...

MetLife introduces online enrolment process

2022-05-30 00:00:00

As part of its ongoing aim to give customers a greater access, MetLife Bangladesh has introduced online enrolment for the EFT (Electronic Fund Transfer) Debit premium payment channel, says the company in a statement issued on Saturday. EFT Debit enables...

Dhaka Bank signs deal with JK Group

2022-05-30 00:00:00

Dhaka Bank Limited signed an agreement recently at the bank's head office for providing cash management services to JK Group. Emranul Huq, Managing Director & CEO, Dhaka Bank Limited, and Md. Jahangir Alam Khan, Managing Director, JK Group, signed the...

CITF starts in port city Tuesday after 2 years

OUR CORRESPONDENT | 2022-05-30 00:00:00

CHATTOGRAM, May 29: The month-long Chittagong international trade fair will start on Tuesday in the port city after two years as the annual event could not be held in 2020 and 2021 due to coronavirus outbreak. Chittagong Chamber of Commerce...

StanChart Cluster CEO for India, South Asia visits Bangladesh

2022-05-30 00:00:00

Zarin Daruwala, Cluster CEO, India & South Asia, Standard Chartered, arrived in Dhaka recently for her first official visit to Bangladesh. Zarin was accompanied by Heidi Toribio, Regional Co-Head, Client Coverage, Asia, Corporate, Commercial and Institutional Banking (CCIB), Standard Chartered,...

Switch to non-cotton apparel ahead

FE REPORT | 2022-05-30 00:00:00

A donor-aided study is being launched on Bangladesh's switch to non-cotton textiles and apparel from costly cotton-made exports, as a deal was signed Sunday to this end. Bangladesh Garment Manufacturers and Exporters Association (BGMEA) will conduct the study to explore...

Cost-of-living crisis forces more Brits to food banks

2022-05-30 00:00:00

BRADFORD, United Kingdom, May 29 (AFP): On an overcast morning in Bradford, northern England, a steady stream of locals arrive at a foodbank to collect produce parcels described as "a lifesaver" during the worst cost-of-living crisis in a generation.Bradford Central...