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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...

Saudi EXIM Bank offeres over 50pc of its $450m loans

2022-06-28 00:00:00

RIYADH, June 27 (Arab News): The Saudi Export-Import Bank, also known as Saudi EXIM, approved loans worth SR1.7 billion ($450 million) in 2021, with 51 per cent of the total financing given to small and medium enterprises, according to the...

Turkey’s troubled lira rallies on ‘backdoor capital controls’

2022-06-28 00:00:00

ISTANBUL, June 27 (AFP): Turkey's beleaguered lira extended its biggest rally of the year on Monday in response to a new rule that effectively forces many banks to part with some of their foreign currency.The banking regulation-announced after the market...

Saudi-Italian forum to explore opportunities to boost bilateral trade

2022-06-28 00:00:00

RIYADH, June 27 (Arab News): Saudi Arabia's Ministry of Investment will host a high-level Italian business delegation led by Italian Minister for Foreign Affairs and International Cooperation Luigi Di Maio on Monday.With the aim of exploring mutually beneficial investment opportunities,...

Working dinner during first day of G7 leaders' summit

2022-06-28 00:00:00

European Council President Charles Michel, European Commission President Ursula von der Leyen, Japanese Prime Minister Fumio Kishida, British Prime Minister Boris Johnson, US President Joe Biden, German Chancellor Olaf Scholz, French President Emmanuel Macron, Canadian Prime Minister Justin Trudeau and...

Mastercard announces winners of Spend & Win campaign

2022-06-28 00:00:00

Mastercard concluded recently its Spend and Win campaign, titled 'Mystical Maldives' with an award ceremony, says a press release. The campaign aimed to bolster domestic and international retail transactions by providing cardholders the opportunities to win attractive prizes on spends...

BB asks banks to provide special agri credit in flood-hit dists

2022-06-28 00:00:00

Bangladesh Bank has instructed banks to give special attention to disburse agriculture loans at reduced interest rate in the flood affected districts, reports UNB.The Agriculture Credit Department (ACD) of the BB on Monday issued a circular asking banks to disburse...

Ansar-VDP Unnayan Bank MD reappointed

2022-06-28 00:00:00

Md. Mosaddake-Ul-Alam joined Ansar-VDP Unnayan Bank as Managing Director on Monday for another term, said the bank in a statement.The Financial Institutions Division under the Ministry of Finance issued a circular on June 13 appointing him to the post again...

Standard Chartered 'Symphony-Brands in Sync' concludes

2022-06-28 00:00:00

Standard Chartered Bangladesh recently held the grand finale event for 'Symphony - Brands in Sync' in Dhaka recently. Launched in November of 2021, the musical competition is the first-of-its-kind in Bangladesh, according to a press release.British American Tobacco Bangladesh was...

Bengal Commercial Bank opens 10th branch in Tangail

2022-06-28 00:00:00

Bengal Commercial Bank has opened its 10th Branchat Gorai at Mirzapur upazila in Tangail. Khan Ahmed Shuvo, parliament member from Tangail-07 constituency, inaugurated the branch on Sunday. Md Naser, director of FBCCI, attended the programme as the special guest. Tarik...

Plastic goods makers hail govt for tax measures

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

Bangladesh Plastic Goods Manufacturers and Exporters Association (BPGMEA) on Monday hailed the proposed budget for the financial year (FY) 2022-23 for its new taxation offers.The appraisal came at a programme, titled 'Workshop on Budget 2022-2023', organised by the Association at...

Govt to get back loan money for Padma Bridge by 2057: JS told

2022-06-28 00:00:00

Road transport and bridges minister Obaidul Quader on Monday said the loans taken for the construction of Padma Bridge would be repaid by 2057 through collecting tolls, reports UNB.The Minister said this while replying to a tabled question."Bangladesh Bridge Authority...

'Realistic monetary policy should be at play'

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

The central bank should continue its traditional monetary policy as a market imperative with more innovation and invest in the real economy to supply more goods and service to arrest inflation.Former Bangladesh bank governor Dr Atiur Rahman said this at...

England's Morgan to retire from int’l cricket

2022-06-28 00:00:00

LEEDS, United Kingdom, June 27 (AFP): England's World Cup-winning captain Eoin Morgan is set to retire from international cricket, with an official announcement expected as soon as Tuesday, according to the BBC.Under Morgan, England won the 2019 50-over World Cup...

World No. 2 Jabeur into Wimbledon 2nd round

2022-06-28 00:00:00

LONDON, June 27 (AFP): Ons Jabeur marked her rise to number two in the world by easing into the Wimbledon second round with a 6-1, 6-3 win over Swedish qualifier Mirjam Bjorklund on Monday.Jabeur, a quarter-finalist in 2021 and fresh...

Mohammedan return to winning streak in BPL

2022-06-28 00:00:00

Malian forward Souleymane Diabate scored a brace as Mohammedan Sporting Club returned to winning streak in the TVS Bangladesh Premier League football defeating Lieutenant Sheikh Jamal Dhanmondi Club by 3-1 goals at Shaheed Dhirendranath Datta Stadium in Cumilla on Monday,...

Female referee at men's WC wants the game to shine

2022-06-28 00:00:00

TOKYO, June 27 (AP): Japanese referee Yoshimi Yamashita agrees with Pelé or whoever it was decades ago that first described soccer as the "beautiful game."Yamashita is one of three women picked by FIFA to be referees at the men's World...

England complete whitewash

2022-06-28 00:00:00

LEEDS, United Kingdom, June 27 (Agencies): Jonny Bairstow led England to a whitewash of Test world champions New Zealand with a stunning fifty on his Headingley home ground on Monday.Bairstow made a blistering 71 not out, England's second quickest Test...