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Stocks rebound as BSEC sets lower limit of circuit breaker

FE REPORT | 2022-05-27 00:00:00

The stock market bounced back on gaining streak Thursday after the securities regulator reduced the lower limit circuit breaker to stop the free fall of the stock index.The Bangladesh Securities and Exchange Commission (BSEC) reduced the lower limit of circuit...

Indian sugar prices could remain firm

2022-05-27 00:00:00

India sugar prices are likely to remain firm despite New Delhi's move to cap exports as stockpiles are set to fall to the lowest level in five years amid record shipments and robust local demand, industry officials told Reuters.Higher local...

Shakib's companies' explanations satisfy BSEC

2022-05-27 00:00:00

The Bangladesh Securities and Exchange Commission (BSEC) is satisfied with the explanations from the two gold companies owned by cricketer Shakib Al Hasan, reports UNB.The regulator of the capital market said this in a letter sent to the managing directors...

Tourism Master plan to be completed by December, says Mahbub Ali

2022-05-27 00:00:00

State Minister for Civil Aviation and Tourism M Mahbub Ali on Thursday said the country's first ever tourism master plan would be completed by December this year to build a sustainable tourism industry attracting more inbound and domestic tourists, reports...

Oil snaps inverse dollar link

2022-05-27 00:00:00

LONDON, May 26 (Reuters): Oil's bull run is taking little notice of the strong U.S. dollar, breaking crude's historical inverse link to the greenback and giving analysts confidence it has further to go based on current market fundamentals.A strong dollar...

Mohammad Shams-Ul Islam hands over certificates at the concluding event

2022-05-27 00:00:00

Managing Director and CEO of Agrani Bank Mohammad Shams-Ul Islam hands over certificates at the concluding event of the 10-day long 'Banking Foundation Course ( promoted officers, 159th batch)' arranged by Agrani Bank Training Institute on Thursday. General Manager and...

'Participants' Meeting' held

2022-05-27 00:00:00

Managing Director of Palli Sanchay Bank Khondoker Ataur Rahman was present as the chief guest at the 'Participants' Meeting' held in Nawabganj, Dhaka recently. He exchanged views with the small entrepreneurs. He congratulated the three successful entrepreneurs who took loans...

PRAN starts mango collection -

2022-05-27 00:00:00

Bangladeshi agro-processor PRAN has started mango collection and pulping activities like previous years to manufacture mango drink, juice, mango bar and other food items, according to a statement.This year, PRAN has started collecting and pulping mangoes in its plants of...

Gold prices slip --

2022-05-27 00:00:00

Gold prices slipped on Thursday as the US Federal Reserve's aggressive monetary policy tightening plan diminished the metal's appeal, with additional pressure from a rebound in equities, reports Reuters.Spot gold slipped 0.3% to $1,848.06 per ounce by 10:04 am EDT...

Mastercard shifts focus to Southeast Asia, Latin America after India ban, Russia exit

2022-05-27 00:00:00

DAVOS, Switzerland, May 26 (Reuters): Southeast Asia and Latin America are strong growth regions for Mastercard after its withdrawal from Russia in March and India's 2021 ban on it from issuing new cards, the company's co-president for international markets said."Southeast...

Amazon opens first physical fashion outlet

2022-05-27 00:00:00

Amazon.com Inc said on Wednesday it had opened its first brick-and-mortar clothing retail store, as people start to venture out to shop following easing Covid-19 curbs, reports Reuters.The store, Amazon Style, located in Los Angeles, will use machine-learning technology to...

Seven Rings Cement organised a dealer conference

2022-05-27 00:00:00

Seven Rings Cement organised a dealer conference at a resort in Habiganj recently. Distributors from northern and southern districts participated in this three-day long event. Additional Managing Director of Seven Rings Cement Tahmina Ahmed and Director and CEO S Raihan...

First Security Islami Bank organised a knowledge sharing session

2022-05-27 00:00:00

First Security Islami Bank Limited organised a knowledge sharing session on the importance of D&B rating and interpreting a business information report (BIR) at FSIBL Training Institute in the capital on Wednesday. The photo shows the participants posing with Managing...

Md Abdus Salam Azad presiding over a meeting of the Asset-Liability Management Committee

2022-05-27 00:00:00

Managing Director and CEO of Janata Bank Limited Md Abdus Salam Azad presiding over a meeting of the Asset-Liability Management Committee of the bank held at its head office in the city on Thursday. Deputy managing directors Md Abdul Jabber,...

Govt working to mechanise agri to boost yields, says Razzaque

2022-05-27 00:00:00

Agriculture Minister Dr. Muhammad Abdur Razzaque on Thursday said the government is working to mechanize agriculture in order to get higher yields and ease farmers' workloads, reports UNB."Huge subsidies are given for mechanization of the sector. Emphasis is being placed...

S Korean company to invest $35m in BEPZA economic zone

2022-05-27 00:00:00

South Korean company HKD Bangladesh Limited is going to invest $35 million dollars to set up the tent, tent accessories, camping furniture and camping equipment manufacturing industry in the economic zone of Bangladesh Export Processing Zone Authority (BEPZA), reports BSS.With...

RAKUB recovers Tk 1.56b loans from borrowers

2022-05-27 00:00:00

RAJSHAHI, May 26 (BSS): Rajshahi Krishi Unnayan Bank (RAKUB) has recovered loans worth around Taka 1.56 billion (156 crore), including Taka 244.1 million (24.41 crore) classified loans from 8,163 borrowers through camps held in 383 branches simultaneously on May 24...

JS speaker, Palak lay foundation stone

2022-05-27 00:00:00

RANGPUR, May 26 (BSS): Jatiya Sangsad (JS) Speaker Dr Shirin Sharmin Chaudhury and State Minister for Information and Communication Technology (ICT) Zunaid Ahmed Palak jointly laid the foundation stone of Dr M A Wazed Miah High-Tech Park in Rangpur on...

TCB to start nationwide edible oil sale in June

2022-05-27 00:00:00

The state-run Trading Corporation of Bangladesh (TCB) has a plan to start nationwide edible oil selling at subsidized rate from June, reports BSS."We have a plan to start selling edible oil at a subsidized rate across the country from June...

PTA to boost BD-Indonesia trade: Ambassador

2022-05-27 00:00:00

Indonesian Ambassador to Bangladesh Heru H Subolo has said the completion of Preferential Trade Agreement (PTA) between Bangladesh and Indonesia will give significant impetus to the growth of bilateral trade, reports UNB.Currently, both the countries are working to finalise the...

Push for capacity building of women bidders

FE REPORT | 2022-05-27 00:00:00

Speakers during a webinar on Thursday underscored the need for capacity building of women bidders at public procurement and the e-GP system.The virtual discussion on 'Public Procurement and the e-GP system' was hosted by Business Initiative Leading Development (BUILD), says...

DCCI invites Indian businesses to invest in economic zones

FE REPORT | 2022-05-27 00:00:00

The Dhaka Chamber of Commerce and Industry (DCCI) has called on the Indian entrepreneurs to invest in the economic zones (EZs) in Bangladesh.A business delegation of the DCCI, now visiting Kolkata, made the call at an 'Industry Interactive Meet' with...

Serbia wants to invest in food storage construction in BD

FE REPORT | 2022-05-27 00:00:00

The Republic of Serbia expressed deep interest in investing in building food storages in Bangladesh.Serbia showed the interest when its Foreign Affairs Minister Nikola Selakovic made a courtesy call on Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Senior...

Real Madrid remain Europe's most valuable football club

2022-05-27 00:00:00

PARIS, May 26 (AFP): Real Madrid remain Europe's most valuable football club despite the ever-increasing dominance of the English Premier League, according to a report published Thursday by analysts Football Benchmark.The report ranks Europe's 32 most prominent clubs, calculating their...

Man Utd revenue increases 30pc despite club's worst season

2022-05-27 00:00:00

LONDON, May 26 (AFP): Manchester United's latest accounts show a 30 per cent increase in revenue for the three months until March 31 this year despite the club's worst season in the Premier League era.United's total revenue for the first...

Football team leave for Indonesia today

2022-05-27 00:00:00

Bangladesh national football team will leave for Indonesia today (Friday) to play FIFA tier-1 Int'l match against Indonesia national football team on June 1 in Jakarta, reports BSS.The match will be held at Si Jalak Haraput Stadium, Bandung.After playing the...

Qatar expects up to 200,000 air passengers a day during WC

2022-05-27 00:00:00

DOHA, May 26 (AFP): Qatar expects up to 200,000 air passengers a day during the World Cup, authorities said Thursday, with airlines across the Gulf organising scores of shuttle flights to bring fans in.In a major operation to cope with...

Taijul fined for throwing ball at Lanka's Mathews

2022-05-27 00:00:00

Bangladesh spinner Taijul Islam has been fined 25 per cent of his match fee after hitting Sri Lanka's Angelo Mathews with the ball in the ongoing second Test, the International Cricket Council said, reports AFP.Taijul was found to have breached...

Pliskova sixth top 10 women's seed to exit French Open

2022-05-27 00:00:00

PARIS, May 26 (AFP): Karolina Pliskova became the sixth top 10 women's seed to exit the French Open on Thursday when she was knocked out by world number 227 Leolia Jeanjean.Eighth-seeded Pliskova, last year's Wimbledon runner-up and a semi-finalist in...

RCB two victories away from their first IPL title

2022-05-27 00:00:00

NEW DELHI, May 26 (AFP): Virat Kohli praised the "very, very special" performance of unlikely hero Rajat Patidar after his match-winning ton put Royal Challengers Bangalore two victories away from their first IPL title.Patidar hit an unbeaten 112 to become...