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BNP doesn't do politics over public issues, says Hasan

2022-07-04 00:00:00

Information and Broadcasting Minister Dr Hasan Mahmud on Sunday said the people get annoyed with BNP for different reasons as the party doesn't do politics over public issues, reports BSS."BNP doesn't speak for people. They only talk about Khaleda Zia's...

AL does pro-people politics standing against terrorism: Quader

2022-07-04 00:00:00

Awami League General Secretary Obaidul Quader on Sunday said the ruling AL practises public welfare-oriented politics holding the people's expectations and standing against terrorism, reports BSS."The BNP continues the arson terrorism and the horrible culture of burning people alive in...

Prime Minister Sheikh Hasina addressing a function -

2022-07-04 00:00:00

Prime Minister Sheikh Hasina addressing a function at the Osmani Memorial Auditorium in the city to mark signing of the Annual Performance Agreement (APA) for FY 2022-23 virtually from her official Ganobhaban residence on Sunday — PID

Global investors turn sellers in equity funds on recession fears

2022-07-04 00:00:00

Global equity funds faced outflows in the week to June 29, as recession fears crept higher, with major central banks looking keen to raise interest rates further to tame soaring inflation, reports Reuters.According to Refinitiv Lipper, investors disposed of a...

Foreign investors' exodus from India continued for ninth straight month in June

2022-07-04 00:00:00

NEW DELHI, July 3 (NDTV): Foreign portfolio investors (FPIs) pulled out Rs 502.03 billion worth of equities from India in June, according to the latest National Securities Depository data.FPIs have been persistently selling equities in the Indian markets for the...

Union Insurance Company -

2022-07-04 00:00:00

A relief distribution programme for flood affected people of Sylhet (Bishonath, Rampasha, Amtole) and Sunamganj (Mollapara, Monpura, Pondha) districts organised by Union Insurance Company Ltd was held recently. Chief Executive Officer Talukder Md Zakaria Hossain was present in the programme.

Agreement signed between SIBL and TML Remittance

2022-07-04 00:00:00

An agreement was signed between Social Islami Bank Limited (SIBL) and TML Remittance at the TML Remittance Center for inward remittance services. In presence of Zafar Alam, Managing Director & CEO of SIBL, Albert Lim Poh Boon, Managing Director of...

BRAC Bank received one of Bangladesh's top 10 sustainable banks award

2022-07-04 00:00:00

Md. Sabbir Hossain, Deputy Managing Director & COO of BRAC Bank, received one of Bangladesh's top 10 sustainable banks award from Bangladesh Bank Governor Fazle Kabir recently.

MTB received a certificate & crest as one of the top ten sustainable banks

2022-07-04 00:00:00

Md. Khalid Mahmood Khan, Deputy Managing Director & CBO of Mutual Trust Bank Limited (MTB), received a certificate & crest as one of the top ten sustainable banks of Bangladesh by Bangladesh Bank based on its performance in 2020 from...

Pubali Bank ranked among the top 10 sustainable banks

2022-07-04 00:00:00

Pubali Bank Limited has been ranked among the top 10 sustainable banks. Fazle Kabir, Governor of Bangladesh Bank , handed over the crest and certificate to Safiul Alam Khan Chowdhury, Managing Director and Chief Executive Officer of Pubali Bank, at...

NCC Bank celebrated achieving a major milestone of crossing BDT 200 billion in loans

2022-07-04 00:00:00

NCC Bank celebrated achieving a major milestone of crossing BDT 200 billion in loans and advances. Managing Director and CEO Mohammad Mamdudur Rashid along with other Senior Management Team (SMT) members attended a ceremony on Sunday.

Towfika Aftab, Chairperson of Citizens Bank PLC inaugurated the opening ceremony

2022-07-04 00:00:00

Towfika Aftab, Chairperson of Citizens Bank PLC inaugurated the opening ceremony of commercial operations of the bank through its principal branch at Motijheel, Dhaka on Sunday. Members of the board of directors Masuduzzaman, Mohammed Iqbal, Mukhleshur Rahman, Sk. Md. Iftekharul...

News Briefs (2022-07-04)

2022-07-04 00:00:00

Disbursement of dividend NRBC Bank: The Bank informed that it has disbursed the cash dividend for the year ended December 31, 2021 to the respective shareholders.Board meetingDesh General Insurance Company Limited: A board meeting of the company will be held...

New AMD of EBL

2022-07-04 00:00:00

Ahmed Shaheen has been promoted to Additional Managing Director of Eastern Bank Ltd (EBL). Prior to this, Shaheen had been serving as Deputy Managing Director and Head of Corporate Banking of EBL. He has over 29 years of professional exposure...

Investors brace for pivotal July after dismal first half

2022-07-04 00:00:00

NEW YORK, July 3 (Reuters): The US stock market is reeling from its worst first half of any year since 1970, with investors girding for a series of potential flashpoints in July that may set Wall Street's course for the...

BSCCL to add 3800 GBPS by next year

FE REPORT | 2022-07-04 00:00:00

Bangladesh Submarine Cable Company (BSCCL), the state-run listed company, is going to invest $3.2 million to upgrade the capacity of its first submarine cable by more than four times."The board has approved the agreement of $3.2 million (excluding VAT/Tax) between...

Bourses welcome new FY on a pessimistic note

FE REPORT | 2022-07-04 00:00:00

Stocks ended lower on Sunday, the first trading day of the new fiscal year (FY) 2022-23, as investors were selling shares amid persistent volatility.The market ended over 17 points lower after four-day gain.DSEX, the key index of the Dhaka Stock...

Unemployment among Saudis falls to 10.1pc

2022-07-04 00:00:00

RIYADH, July 03 (Arab News): Unemployment among Saudis fell to 10.1 per cent in the first quarter of 2022 from 11 per cent in the fourth quarter of 2021, according to official data.This is the lowest level since the second...

Developers let Chinese farmers pay for homes with watermelons

2022-07-04 00:00:00

BEIJING, July 03 (AFP): Struggling developers in China have started taking payment for homes in watermelons, peaches and other agricultural produce, state media reported Sunday, as they attempt to lure buyers deterred by a property market slump.China's housing market has...

S Lanka grinds to a halt as fuel reserves shrink

2022-07-04 00:00:00

COLOMBO, July 03 (AFP): Sri Lanka has less than a day's worth of fuel left, the energy minister said Sunday, with public transport grinding to a halt as the country's economic crisis deepened.Petrol and diesel queues snaked through the capital...

40th AGM of Ghashful an NGO-MFI held

2022-07-04 00:00:00

The 40th AGM of Ghashful, an NGO-MFI, was held on a digital platform recently, with its Chairman Dr. Monzur-Ul-Amin Chowdhury in the chair. Ghashful CEO Aftabur Rahman Jafree, executive and general body members, auditors, and stakeholders attended the meeting.

StanChart, CAMPE to help 15,000 flood victims

2022-07-04 00:00:00

Standard Chartered Bangladesh and Campaign For Popular Education (CAMPE) have joined together to deliver emergency essentials and other necessary aid to flood-affected individuals across Sylhet, according to a statement.Packages containing emergency food and hygiene supplies have already been disbursed to...

REL secures $23m in loans from UK

2022-07-04 00:00:00

RFL Electronics Ltd (REL) has secured a $23 million credit facility from Britain's development finance institution to expand its capacity to manufacture electronic home appliances, reports bdnews24.com.British International Investment's (BII) loan would be used to import machinery for the company's...

Bank Asia signs deal with Swisscontact to support MSMEs

2022-07-04 00:00:00

Bank Asia and Swisscontact Bangladesh signed a Memorandum of Understanding (MoU) for financing and facilitating the growth of Micro, Small and Medium Enterprises (MSMEs) in leather goods, furniture making and light engineering sectors in Bangladesh, says a press release. Through...

95 pvt cos allowed to import 400,000 tonnes of rice

2022-07-04 00:00:00

The government has greenlighted 95 private companies to import 409,000 tonnes of rice after slashing duty to rein in the spiralling prices, reports bdnews24.com.Traders can now bring 30,000 tonnes of parboiled rice and 379,000 tonnes of boiled rice from abroad.Rice...

Rupsha Railway Bridge to improve market access for local businesses

2022-07-04 00:00:00

The Rupsha Railway Bridge and the Khulna-Mongla port rail line will greatly facilitate to-and-fro transportation of goods and the enhanced connectivity, said the Indian High Commission in Dhaka, reports UNB.This will also facilitate accessibility to Mongla Port and will improve...

FICCI welcomes amended Finance Bill

FE REPORT | 2022-07-04 00:00:00

The Foreign Investors' Chamber of Commerce and Industry (FICCI) appreciated the amendment to some provisions in the Finance Bill 2022-23 as requested by the chamber. The Jatiya Sangsad passed the Finance Bill on June 29. "We are delighted to observe...

Drastic fall in passenger numbers forces owners to cut launch fares

2022-07-04 00:00:00

Owners have cut fares and the number of launches on the Barishal-Dhaka route as a large portion of passengers has shunned the waterway after the opening of the Padma Bridge, which made the journey quicker, reports bdnews24.com.Staffers, along with the...

Ronaldo wants to leave Man United

2022-07-04 00:00:00

LONDON, July 03 (AFP): Cristiano Ronaldo wants to leave Manchester United this summer if the Premier League club receive an appropriate offer, according to multiple reports on Saturday.The 37-year-old Portugal forward returned to Old Trafford from Juventus last summer but...

Bouzkova, Maria reach Wimbledon quarters

2022-07-04 00:00:00

LONDON, July 03 (AFP): Marie Bouzkova reached her first Grand Slam quarter-final at Wimbledon on Sunday when she breezed past Caroline Garcia of France in straight sets.The 23-year-old Czech won 7-5, 6-2 against the big-serving Garcia whose challenge was undermined...