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MTB arranged a Post Eid Reunion

2022-05-23 00:00:00

Mutual Trust Bank Limited (MTB) has recently arranged a Post Eid Reunion for the bank's privileged clients at the Gulshan Privileged Center of the Bank. Syed Mahbubur Rahman, Managing Director & CEO was present, among others, at the programme.

Govt urged to reopen closed jute, sugar mills

FE REPORT | 2022-05-23 00:00:00

Speakers at a seminar on Saturday urged the government to reopen the closed state-run jute mills and pay all dues of the sacked workers.They also demanded reopening the six state-run closed sugar mills, expediting the ongoing modernisation work of the...

Two Yamaha models launched

2022-05-23 00:00:00

ACI Motors, the sole distributor of Yamaha Motorcycle in Bangladesh, unveiled the Yamaha R15 V4, a motorcycle in the premium sports segment, and the FZ-X at a ceremony at the International Conven-tion City Bashundhara (ICCB) in the capital on Saturday,...

BRAC Bank creates opportunity for higher education

2022-05-23 00:00:00

BRAC Bank has launched 'Agami Personal Loan' - a new customized product to help parents and guardians with their children's higher education.This is the first such loan product of BRAC Bank for facilitating higher studies of students in Bangladesh and...

Southeast Bank leads turnover chart

FE REPORT | 2022-05-23 00:00:00

Ten-most traded stocks grabbed 39 per cent transaction of Dhaka Stock Exchange (DSE) Sunday while Southeast Bank topped the turnover list after a long time.Southeast Bank became the top turnover leader as some investors showed their buying appetite on its...

UK may impose duties on Chinese aluminium extrusions

2022-05-23 00:00:00

LONDON, May 22 (Reuters): Britain may impose anti-dumping duties of up to 29 per cent on aluminium extrusions from China to protect domestic producers, a trade agency said on Friday.Aluminium extrusions - widely used in the transport, construction and electronics...

Iran to revive gas pipeline project to Oman

2022-05-23 00:00:00

DUBAI, May 22 (Reuters): Iran's oil minister has agreed to revive a long-stalled project to lay an undersea pipeline to carry gas to Oman, the Iranian state news agency IRNA reported on Saturday.Iran sits on one of the world's largest...

Coffee demand up but below pre-Covid levels

2022-05-23 00:00:00

NEW YORK, May 22 (Reuters): Demand for coffee in non-producing countries showed a healthy recovery in the first quarter, although there are signs of possible slowdowns in demand in Russia and China for the coming quarters, analysts from Rabobank said...

BSTI Divisional Office of Mymensingh observed World Metrology Day-2022

2022-05-23 00:00:00

Bangladesh Standards and Testing Institution (BSTI), Divisional Office of Mymensingh, observed the World Metrology Day-2022 with a discussion at Bhasha Shahid Abdul Jabbar Auditorium in Mymensingh on Sunday. Additional Divisional Commissioner of Mymensingh Mohammad Anwar Hossain was present as the...

S Arabia's first all-female crew takes flight

2022-05-23 00:00:00

Saudi Arabia's first flight with an all-female crew took off this weekend, completing a short domestic journey and passing a milestone for women's empowerment, officials said.The flight was operated by flyadeal, the budget subsidiary of flag carrier Saudia, reports the...

Asian LNG prices fall as market awaits China buying rebound

2022-05-23 00:00:00

LONDON, May 22 (Reuters): Asian spot liquefied natural gas (LNG) prices were down last week despite news of potential COVID lockdown easing in China as players await an actual rebound in procurement activity to meet Autum-Winter seasonal demand.Meanwhile, in Europe,...

India considering spending additional $26 billion to fight inflation

2022-05-23 00:00:00

NEW DELHI, May 22 (Reuters): The Indian government is considering spending an additional 2 trillion rupees ($26 billion) in the 2022/23 fiscal year to cushion consumers from rising prices and fight multi-year high inflation, two government officials told Reuters.The new...

Nissan, Mitsubishi Motors unveil light EVs for Japan

2022-05-23 00:00:00

KURASHIKI, May 22 (Reuters): Japan's Mitsubishi Motors Corp and Nissan Motor Co unveiled their first jointly developed light electric vehicles (EVs), aiming to draw more Japanese drivers to battery-powered cars by offering low-priced micro models.The two Japanese automakers, part of...

UK retail sales jump, but big picture bleak

2022-05-23 00:00:00

LONDON, May 22 (Reuters): British retail sales jumped unexpectedly in April as shoppers loaded up on alcohol and tobacco, likely a blip in an otherwise bleak trend that has driven consumer confidence to all-time lows amid a worsening cost-of-living crunch.Retail...

Premier Bank awarded 'Letter of Appreciation' by Bangladesh Bank

2022-05-23 00:00:00

Premier Bank has been awarded 'Letter of Appreciation' by Bangladesh Bank for its achieving 100 per cent disbursement target of Covid-19 Stimulus Package (first phase) for the agriculture sector. Managing Director of Premier Bank M Reazul Karim received the letter...

Bangladesh Bank appreciated Exim Bank for meeting investment target

2022-05-23 00:00:00

Bangladesh Bank has appreciated Exim Bank for meeting investment target under the government incentive scheme for agriculture during the Covid-19 pandemic. Governor of the central bank Fazle Kabir handed over the letter to Managing Director and CEO of Exim Bank...

Wells Fargo Advisors fined for anti-money laundering lapses

2022-05-23 00:00:00

WASHINGTON, May 22 (Reuters): The US Securities and Exchange commission on Friday said Wells Fargo Advisors had agreed to pay $7 million to settle charges of anti-money laundering related violations.The regulator said Wells Fargo Advisors failed to file at least...

Suez Canal revenues may hit $7b

2022-05-23 00:00:00

CAIRO May 22 (Reuters): Egypt expects the Suez Canal's revenues to reach about $7 billion by the end of the current fiscal year, finance minister Mohamed Maait said on Saturday.Tourism revenues are expected to reach between $10 billion and $12...

Western businesses reborn in Russia under new names

2022-05-23 00:00:00

McDonald's Corp is selling its restaurants in Russia to one of its current local licensees, who will reopen the branches under a new name yet to be decided - the most high-profile rebranding so far of companies extricating themselves from...

BSTI to set up 89 new modern labs

FE REPORT | 2022-05-23 00:00:00

The authority of Bangladesh Standards and Testing Institution (BSTI) will set up 89 new state-of-the-art labs aiming to ensure international standard of local products for gearing up export. "The BSTI will set up new 89 labs soon that will play...

S Korea sees 19,298 new Covid cases

2022-05-23 00:00:00

SEOUL, May 22 (Xinhua): South Korea reported 19,298 new COVID-19 cases as of midnight Saturday compared to 24 hours ago, raising the total number of infections to 17,957,697, the health authorities said Sunday.The daily caseload was down from 23,462 the...

6 Ukrainain troops killed

2022-05-23 00:00:00

MOSCOW, May 22 (TASS/AFP): Six Ukrainain servicemen were killed on the territory of the Azovstal Plant in Mariupol when they tried to blow up their ammunition caches before surrendering, Donetsk People's Republic (DPR) leader Denis Pushilin told the Soloviev Live...

Four persons perish as heavy storms lash Canada

2022-05-23 00:00:00

MONTREAL, May 22 (AFP): Four people are dead and nearly 900,000 homes without power after severe storms pummeled the eastern Canadian provinces of Ontario and Quebec, authorities said Saturday.Ontario police said on Twitter that three people had died and several...

Pak court orders probe into former minister's arrest

2022-05-23 00:00:00

ISLAMABAD, May 22 (AP): A court in Pakistan's capital has ordered an investigation into the controversial arrest of a former human rights minister over a decades old land dispute.Chief Justice Ather Minallah of the Islamabad High Court late Saturday ordered...

Biden greets Kim: US 'prepared' for North Korea weapons test

2022-05-23 00:00:00

SEOUL, May 22 (AFP): Before President Joe Biden left South Korea for Japan Sunday, he offered a brief message to Kim Jong Un, whose nuclear sabre-rattling has risked overshadowing the US leader's first Asia trip: "Hello. Period."He offered the succinct...

Albanese signals climate policy change

2022-05-23 00:00:00

SYDNEY, May 22 (BBC): Australia's new leader has vowed to take the country in a new direction, with a big shift in climate policy.Anthony Albanese, who won Saturday's election with the opposition centre-left Labor Party, said Australia could become a...

Jabeur, Thiem crash out of French Open

2022-05-23 00:00:00

PARIS, May 22 (AFP): Arab trailblazer Ons Jabeur crashed out of the French Open at the first hurdle on Sunday as Spanish teenage sensation Carlos Alcaraz prepared to give Roland Garros a glimpse of the future of Grand Slam tennis.Sixth...

Spanish league to file complaint against PSG's new Mbappé deal

2022-05-23 00:00:00

MADRID, May 22 (AP): The Spanish league will file a complaint against Paris Saint-Germain over the renewal of Kylian Mbappé's contract, saying the "scandalous" agreement attacks the economic stability of European soccer.The league's announcement on Saturday came after Mbappé's decision...

'Shakib won't play ODI in West Indies tour'

2022-05-23 00:00:00

Bangladesh won't get the service of Shakib Al Hasan in all format of cricket during their West Indies tour as the allrounder verbally informed Bangladesh Cricket Board (BCB) about his withdrawal from at least one format of cricket, reports BSS.Shakib...

ICC chairman in city on 2-day visit

2022-05-23 00:00:00

The International Cricket Council (ICC) Chairman Greg Barclay arrived in the city on Sunday on a two-day visit to Bangladesh, reports BSS.On the first day of his trip, Mr Barclay visited the Sheikh Hasina Cricket Stadium site at Purbachal in...