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Prayer Timings (2022-06-28)

2022-06-28 00:00:00

ShopUp raises fresh $65m from US-based Valar Ventures

FE REPORT | 2022-06-28 00:00:00

Local startup ShopUp has raised $65 million in fresh investment from the US-based Valar Ventures to expand its operations further.The business-to-business (B2B) platform made the announcement on Monday, said a statement. "It has raised a follow-on US$65 million round led...

MoFA, NBR back proposal to realise transit fees

SYFUL ISLAM | 2022-06-28 00:00:00

Dhaka decides to realise various charges for transportation of oils and gas from Meghalaya into Tripura crossing over Bangladesh territory as catastrophic rains and landslides in northeastern India have halted their traffic.The Ministry of Foreign Affairs and the National Board...

Monetary policy to battle inflation

SIDDIQUE ISLAM | 2022-06-28 00:00:00

Checking the wayward inflation without hampering the economic growth is the cornerstone in a new monetary policy the central bank is set to roll out, officials say. Outgoing Governor of the Bangladesh Bank (BB) Fazle Kabir is expected to announce...

Country turns again to IMF after a decade

FHM HUMAYAN KABIR | 2022-06-28 00:00:00

After the lapse of a decade, Bangladesh is likely to borrow funds from the International Monetary Fund (IMF) to narrow its budget deficit, seen as a bit high in current context. Ministry of Finance (MoF) officials said Monday they had...

Despite a surge in Covid-19 infections

2022-06-28 00:00:00

Despite a surge in Covid-19 infections in the country, some students are seen walking past a mask-seller without wearing face masks. The picture was taken from Johnson Road in the city on Monday — FE Photo

Weather (2022-06-28)

2022-06-28 00:00:00

Light to moderate rain/thunder showers accompanied by temporary gusty wind is likely to occur at many places over Rangpur, Mymensingh and Sylhet divisions in the next 24-hour from 06:00 am today (Tuesday), according to the Met Office.It may also occur...

12 judges contract Covid-19

2022-06-28 00:00:00

Twelve judges of the Appellate Division and the High Court have been infected with Covid-19, reports UNB.Chief Justice Hasan Foez Siddique disclosed this when court proceedings started on Monday morning. Trial proceedings in many important benches have been suspended due...

Dhaka, Riyadh keen to boost economic ties

2022-06-28 00:00:00

Bangladesh and the Kingdom of Saudi Arabia (KSA) are keen to strengthen economic cooperation through an increased presence in the fields of trade, investment and direct shipping connectivity between Chattogram and Jeddah, reports UNB. Saudi Ambassador in Bangladesh Essa Youssef...

Opponents of Padma Bridge are enemies of country: HC

FE REPORT | 2022-06-28 00:00:00

The High Court on Monday observed that those who had opposed the construction of Padma Bridge are the enemies of the country and they must be identified. During the hearing on a rule, the High Court bench of Justice Md...

9.87pc pass DU 'Kha' unit entry test

DU Correspondent | 2022-06-28 00:00:00

The results for the first year admission test of Dhaka University's (DU) 'Kha' unit under Faculty of Arts for 2021-22 academic session were published on Monday with a pass rate of 9.87 per cent.DU Vice-Chancellor (VC) Prof Dr Md Akhtaruzzaman...

Diabetes prevention can save vision, money: Experts

2022-06-28 00:00:00

Health experts said diabetes prevention could save vision and huge money and suggested giving greater attention to the prevention of diabetes to avoid blindness and save money every year, reports UNB.They also emphasised raising awareness of diabetes and its impact...

TCB seeks logistic support for nationwide sales drive

FE Report | 2022-06-28 00:00:00

The Trading Corporation of Bangladesh (TCB) has sought logistic support for carrying out its countrywide drive to sell essential commodities to some 10 million low-income families at subsidised rates ahead of Eid-ul-Azha, officials said.To this effect, TCB Chairman Brigadier General...

Raushon Ershad back home

2022-06-28 00:00:00

Leader of the Opposition in Parliament Raushon Ershad returned home from Bangkok, the capital city of Thailand, on Monday after nearly seven and a half months of stay there for medical treatment, reports UNB.She reached Hazrat Shahjajal International Airport around...

Sheikh Hasina attempted murder case convict sent to jail

2022-06-28 00:00:00

PABNA, June 27 (BSS): A Pabna court has sent to jail Jakaria Pintu, convicted in a case lodged over attempt to murder the then leader of the opposition in Parliament and incumbent Prime Minister Sheikh Hasina.According to case statement, the...

Muktijoddha Council Bill placed in JS

2022-06-28 00:00:00

The Jatiya Muktijoddha Council Bill, 2022 was placed in the Jatiya Sangsad (JS) on Monday, reports UNB.According to the Bill, Jatiya Muktijoddha Council will be responsible for preparing a list of MNAs and MPAs - elected in the 1970 general...

Consider resettling 0.1m Rohingyas

2022-06-28 00:00:00

Foreign Minister Dr AK Abdul Momen has proposed that the United Kingdom, a global leader in justice and human rights, can consider resettling 0.1 million Myanmar Rohingyas currently sheltered in Bangladesh to give them a better life and lessen the...

Form committee to monitor flood situation: JS body

2022-06-28 00:00:00

The Ministry of Disaster Management and Relief has been asked to form a committee to monitor the country's overall flood situation and assess the damages caused by the deluge, reports UNB.The recommendation came on Monday at 25th meeting of the...

Amir Khasru Mahmud Chowdhury speaking at a ward conference

2022-06-28 00:00:00

BNP standing committee member Amir Khasru Mahmud Chowdhury speaking at a ward conference of North Badda unit of the party in the city on Monday — Collected

Politicking over Padma Bridge sinks BNP: Quader

2022-06-28 00:00:00

Awami League (AL) General Secretary Obaidul Quader said on Monday politics of Bangladesh Nationalist Party (BNP) has gone under the water of Padma River due to the development politics of Prime Minister Sheikh Hasina, reports BSS."BNP leaders are now suffering...

Dubai's TECOM Group says raises 1.7b dirhams via its IPO

2022-06-28 00:00:00

DUBAI, June 27 (Reuters) - Dubai business park operator TECOM Group said on Monday it had raised 1.7 billion dirhams ($463 million) from investors via its initial public offering.The company, which is owned by the investment vehicle of Dubai's ruler,...

India shares close at over 2-week high

2022-06-28 00:00:00

BENGALURU, June 27 (Reuters): Indian shares joined a rally in global stock markets to close at a more than two-week high on Monday, led by technology and metal stocks, as easing oil prices tempered inflation fears.The NSE Nifty 50 index...

Stock markets extend recovery as rate hike fears subside

2022-06-28 00:00:00

LONDON, June 27 (AFP): Asian and European markets rallied Monday, building on last week's advances and following a strong pre-weekend performance on Wall Street as speculation that inflation may have peaked tempered expectations about central bank interest rate hikes.With prices...

Bruised investors focus on biotechs with drugs closer to market

2022-06-28 00:00:00

June 27 (Reuters): Biotech investors nursing losses from stock price falls are now focusing on firms which are closer to getting their drugs to market, rather than those at the early stages of development.This waning risk appetite, six industry insiders...

Republic Ins holds AGM

2022-06-28 00:00:00

The 22nd Annual General Meeting (AGM) of Republic Insurance Company Ltd was recently held using digital platform in presence of Directors, Shareholders of Republic Insurance Company Limited. The Company declared 15pc (10pc cash and 5pc stock) dividend for the year...

Banks' donations to Prime Minister's Relief & Welfare Fund

2022-06-28 00:00:00

Prime Minister Sheikh Hasina has joined through videoconferencing from Ganabhaban as different banks have donated funds to the Prime Minister's Relief & Welfare Fund for distribution in aid amongst the flood-affected people of different regions of the country. PM's Principal...

Prime Bank partners up with Response Plus Holding

2022-06-28 00:00:00

Prime Bank & Response Plus Holding PJSC (RPM) has partnered up to cater to the healthcare needs of Monarch clients of Prime Bank. Response Plus Holding PJSC (RPM) is the largest provider of onsite healthcare, medical emergency services and occupational...

BASIC Bank signs APA

2022-06-28 00:00:00

Md. Anisur Rahman, Managing Director & CEO of BASIC Bank Limited signed an Annual Performance Agreement (APA) for the financial year 2022-2023 with Md. Abdur Rahim and Abu Md. Mofazzal, Deputy Managing Director (DMD), General Managers and Circle Offices on...

Shinepukur Ceramics' price soaring sans PSI

FE REPORT | 2022-06-28 00:00:00

Shinepukur Ceramics is witnessing an unprecedented price hike and increase in turnover in the recent weeks despite no undisclosed price sensitive information (PSI).The ceramic maker's share turnover increased over 47 per cent within three weeks while the company's share price...

Stocks nudge higher after single-day break -

FE REPORT | 2022-06-28 00:00:00

Stocks finished modestly higher Monday as some investors went for late hour bargain hunting while most investors remained shaky amid lack of clear direction.The market index closed marginally higher after the previous day's moderate correction.DSEX, the key index of the...