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China unveils plans to spur car demand

2022-07-08 00:00:00

BEIJING, July 07 (Reuters): China announced on Thursday a raft of new steps to spur consumer demand for cars, saying it would consider extending a tax break for electric vehicles and outlining plans to build more charging stations and encourage...

Chinese ice cream brand under fire for products that don't melt

2022-07-08 00:00:00

BEIJING, July 07 (AFP): A Chinese brand once dubbed the "Hermes of ice cream" has come under fire after internet users said some of its products do not melt-even when baked with a blowtorch.Videos showing Chicecream's ice creams staying solid...

Md Mosaddake-Ul-Alam handing over a cheque for donation meant for the PM's Relief and Welfare Fund

2022-07-08 00:00:00

Ansar-VDP Unnayan Bank Managing Director Md Mosaddake-Ul-Alam handing over a cheque for donation meant for the PM's Relief and Welfare Fund to Prime Minister's Office (PMO) Senior Secretary Md Tofazzel Hossain Miah on Thursday for distribution among flood victims

Khondoker Ataur Rahman handing over a cheque for Tk 5.0 million (50 lakh) to Prime Minister's Office

2022-07-08 00:00:00

Palli Sanchay Bank Managing Director Khondoker Ataur Rahman handing over a cheque for Tk 5.0 million (50 lakh) to Prime Minister's Office (PMO) Senior Secretary Md. Tofazzel Hossain Miah at the PMO on Thursday as donation to the Prime Minister's...

BKB donated Tk 10 million (1.00 crore) from the BKB staff's salaries to Prime Minister's Relief and Welfare Fund

2022-07-08 00:00:00

Bangladesh Krishi Bank (BKB) donated Tk 10 million (1.00 crore) from the BKB staff's salaries to Prime Minister's Relief and Welfare Fund on Thursday to help the flood-affected people. BKB Chairman Md. Nasiruzzaman and Managing Director Md. Ismail Hossain handed...

Shippers Council of Bangladesh distributing bags of food among the waterlogged people

2022-07-08 00:00:00

On behalf of Shippers Council of Bangladesh (SCB), Md. Abdul Jabber, Assistant Secretary and Md. Mizanur Rahman handed over 500 bags of food containing rice, pulses, oil, chira, molasses, salt, water, saline and candles to Mr. Md. Jahangir Hossain, Deputy...

Jaago Foundation receiving a cheque from Mr. Ajmal Kabir

2022-07-08 00:00:00

Mr. Korvi Rakshand, Chairman, Jaago Foundation, receiving a cheque from Mr. Ajmal Kabir, Group Director, Beximco Group as third installment under a Corporate Social Responsibility (CSR) agreement between Jaago Foundation & Beximco Group for Taka 22.5 million for education of...

Md Mehmood Husain received a certificate of 'Sustainability Rating Recognition 2020'

2022-07-08 00:00:00

Md Mehmood Husain, Managing Director & CEO of National Bank Limited, received a certificate of 'Sustainability Rating Recognition 2020' from Mr Fazle Kabir, immediate past governor of Bangladesh Bank.

China IPO applications jump, bucking global trend

2022-07-08 00:00:00

SHANGHAI/HONG KONG, July 7 (Reuters): A spike in listing applications from Chinese companies in June has nearly doubled China's IPO candidates to almost 1,000, the highest in at least three years, potentially making the country a bright spot for bankers...

US SEC to vote on July 13 to adopt proxy rules that undo Trump-era condition

2022-07-08 00:00:00

WASHINGTON, July 7 (Reuters): The US Securities and Exchange Commission (SEC) will vote on July 13 to adopt rules boosting disclosures around proxy voting advice, the agency said on Wednesday.The rule, which the Wall Street regulator voted to propose in...

Valuations of Asian stocks hit lowest since March 2020

2022-07-08 00:00:00

Valuations of Asian equities dropped for a third straight month in June and hit their lowest since the start of the pandemic, as regional equity markets plunged on concerns over a global recession and aggressive rate hikes by major central...

HSBC Bangladesh organised online session

2022-07-08 00:00:00

HSBC Bangladesh organised an online session recently titled- "Transitioning to a circular economy with Sustainable Waste Management". Md. Shahab Uddin, MP, Minister for Ministry of Environment, Forest and Climate Change graced the occasion as the Chief Guest. The session was...

DCML hosted event titled 'Panel Broker Agreement Signing Ceremony'

2022-07-08 00:00:00

Doreen Capital Management Limited (DCML) hosted an event titled 'Panel Broker Agreement Signing Ceremony' with Janata Capital and Investment Limited (JCIL), a subsidiary of Janata Bank Limited, at Doreen Hotels & Resorts Ltd. in the city on Wednesday. Muniruzzaman Khan...

Premier Bank celebrated World MSME Day

2022-07-08 00:00:00

The Premier Bank Limited celebrated World MSME Day recently by organizing an award ceremony to honour SME entrepreneurs at Renaissance Dhaka Gulshan Hotel. Mr. M Reazul Karim, FCMA, Managing Director & CEO of the bank, presided over the programme where...

News Briefs (2022-07-08)

2022-07-08 00:00:00

Disbursement of dividend First Security Islami Bank Ltd: The cash dividend for the year ended on December 31, 2021 has already been credited to the respective bank accounts of the shareholders through BEFTN and online transfer. The shareholders whose accounts...

Allow motorbikes on highways for Eid home going: RSF

FE REPORT | 2022-07-08 00:00:00

The Road Safety Foundation has aired its concerns that the government's ban on motorcycles on highways during Eid-ul-Azha will augment woes of Eid holidaymakers. The foundation has called upon the authorities concerned to allow use of motorbikes having valid license...

EPB, BGMEA join hands to develop skills of RMG workers, managers

FE REPORT | 2022-07-08 00:00:00

State-owned Export Promotion Bureau (EPB) and the apparel sector's apex body, BGMEA, joined hands to develop skills of garment workers and mid-level managers. The Bangladesh Garment Manufacturers and Export-ers Association (BGMEA) and the EPB on Thursday signed an agreement in...

RAKUB posts Tk 448m operational profit

2022-07-08 00:00:00

RAJSHAHI, July 07 (BSS): Rajshahi Krishi Unnayan Bank (RAKUB) has attained operational profit worth Tk 448 million (44.8 crore) in the last 2021-2022 financial year overcoming the loss of Tk 31 million (3.10 crore) incurred in the previous 2020-2021 fiscal...

BRAC Bank to facilitate MFI expansion with DreamSave App

2022-07-08 00:00:00

BRAC Bank signed an agreement with DreamStart Labs, a USA-based fintech software company, to provide technology for microfinance institution (MFIs) partners and community led savings groups in managing their financing operations, said a statement.DreamStart Labs developed DreamSave, an award-winning app...

Ten most-traded issues grab 40pc turnover

FE REPORT | 2022-07-08 00:00:00

Ten-most traded stocks grabbed nearly 40 per cent transaction of the Dhaka Stock Exchange (DSE) Thursday while Sonali Paper & Board Mills topped the turnover list.Sonali Paper, a concern of Younus Group, became the day's top turnover leader after a...

Stocks on bourses almost steady

FE REPORT | 2022-07-08 00:00:00

Stocks finished almost flat on Thursday, the last trading day before Eid-ul-Azha, as nervous investors remained cautious amidst several macroeconomic cues.Trading and official activities on the bourses will remain closed for four days from today (Friday) to Monday, including weekly...

Bangladesh Commerce Bank inaugurated Shariah-based Islamic banking activities

2022-07-08 00:00:00

Bangladesh Commerce Bank Ltd inaugurated Shariah-based Islamic banking activities with all modern banking facilities. Information and Broadcasting Minister Dr Hasan Mahmud, MP inaugurating the Shariah-based Islamic banking activities of Bangladesh Commerce Bank Limited (BCBL) as the chief guest at a...

W&W Grains Bangladesh engaged in flood relief activities

2022-07-08 00:00:00

W&W Grains Bangladesh engaged in flood relief activities with distributing packages containing food and medicine among the flood-affected people at different locations of Dewanganj Upazila, Jamalpur recently.

Chevron Bangladesh provided one week's emergency supplies to around 14000 families

2022-07-08 00:00:00

Chevron Bangladesh, the largest producer of natural gas in the country, recently provided one week's emergency supplies to around 14000 families and additional 240,000 oral saline & water purification tablets in cooperation with the local administration to support the flood-affected...

German industrial output rises modestly in May

2022-07-08 00:00:00

BERLIN, July 07 (AFP): German industrial production continued on an upward curve in May, despite supply difficulties and soaring energy costs caused by the war in Ukraine, official data showed on Thursday.Factory output was up 0.2 per cent from the...

India’s frequent probes of its firms hurt business confidence

2022-07-08 00:00:00

MUMBAI, July 07 (Reuters): Multiple investigations by Indian enforcement agencies into Chinese companies are damaging the confidence of foreign entities investing and operating in the country, China's embassy in the South Asian nation has said.Many Chinese firms have struggled to...

Price spikes since March push 71m into poverty: UN

2022-07-08 00:00:00

UNITED NATIONS, July 07 (AFP): Soaring global food and energy prices have forced 71 million people into poverty in the world's poorest countries, according to a United Nations Development Program report published Thursday.The rise in the developing world's poverty rates...

Sri Lanka hikes interest rates, warns trouble ahead

2022-07-08 00:00:00

COLOMBO, July 07 (AFP): Cash-strapped Sri Lanka raised interest rates one per centage point Friday, the second sharp hike in three months, as the central bank warned of 80 per cent inflation and a painful recession.The Central Bank of Sri...

BHBFC’s MD achieves Integrity Award

2022-07-08 00:00:00

Managing Director of Bangladesh House Building Finance Corporation (BHBFC) Afzal Karim has been nominated for the Integrity Award for the financial year 2021-2022. Financial Institutions Department (FID) under Ministry of Finance recently announced this nomination. FID selected Mr Karim for...

LafargeHolcim support for flood victims in Chhatak

2022-07-08 00:00:00

LafargeHolcim Bangla-desh Limited (LHBL) initiated distribution of necessary food items among the flood-affected families for the third time. The company will cover 1,000 families in this phase. Earlier LHBL distributed necessary food items among 5,000 families in two phases. Md....