FE REPORT | 2022-05-13 00:00:00
Two listed private commercial banks -Pubali Bank and Premier Bank-- have decided to issue subordinated bonds worth Tk 16 billion to strengthen their capital base.The subordinated bonds are non-convertible, unsecured, fully redeemable and institutions can invest in the bonds for...
The 49th AGM (Annual General Meeting) of Linde Bangladesh Limited was virtually held on Thursday, said a statement.A final dividend of 550 per cent was approved by the shareholders at the meeting.Mr. Moloy Banerjee, the chairman of the Company, presided...
FE REPORT | 2022-05-13 00:00:00
Stocks witnessed yet another bearish session on Thursday as the risk-averse investors kept their selling binge on major sector issues to avoid further losses amid concerns over the country's economic situation.The market opened lower and the downward trend continued until...
BEIJING, May 12 (Reuters): China's factory-gate inflation eased to a one-year low in April as state-driven production efforts supported supply and Covid-19 lockdowns in key industries cooled demand, giving policymakers headroom for more stimulus to shore up a flagging economy.Consumer...
LONDON: Britain's economy grew at a slower pace in the first quarter compared with the final three months of last year as the country battled soaring inflation, official data showed Thursday. The economy grew 0.8 per cent in the January-March...
NEW DELHI, May 12 (Reuters): India's central bank likely sold $700 million dollars to prop up the rupee on Thursday as it plunged to a record low, according to three traders, amid broad based selling in Asian currency markets.The rupee...
NEW YORK, May 12 (Reuters): Ford Motor Co said on Thursday it had dropped plans to make electric vehicles (EVs) in India for exports, while it explores options for its two factories in the country that stopped production last year.The...
The Bangladesh Gover-nment Manufacturers and Exporters Association (BGMEA) has called upon Aldi, a Germany based international retailer, to source more diversified high-end garment products from the country, reports UNB.President Faruque Hassan urged Aldi to strengthen its partnership with Bangladeshi suppliers...
The government will prepare a complete guideline over plot allocation in the BSCIC Tannery Industrial Estate in Savar, reports UNB.Industries Secretary Zakia Sultana asked the officials concerned to draft the guideline during exchanging views with stakeholders at the tannery estate...
Mohammed Fasiul Mowla joined as the Chief Executive Officer (CEO) of Anwar Landmark Ltd. with effect from 8 May 2022, said the Anwar Group of industries in a statement on Thursday. Mr. Mowla has 28 years of leadership experience in...
FE REPORT | 2022-05-13 00:00:00
The government has primarily prepared a list of 314 business persons in order to award them commercially important person (CIP) status for their outstanding export performance in 2022, officials said.Export Promotion Bureau (EPB) prepared the list out of 329 applications....
Janata Bank has launched a campaign to gift trees on birthdays under its Our Home Greening Programme. Janata Bank Managing Director and Chief Executive Officer freedom fighter Md Abdus Salam Azad inaugurated the campaign on Wednesday, said the bank in...
Dhaka Chamber of Commerce & Industry (DCCI) has urged the Philippines to invest in Bangladesh's hospitality, healthcare and tourism sectors, reports UNB.DCCI leaders said that the Philippines made incredible success in the health and tourism sector, so it can invest...
FE Report | 2022-05-13 00:00:00
Bangladeshi and South Korean private sector investors have selected four infrastructure projects, worth over US$ 10 billion, for implementation under public private partnership (PPP) initiative, said Foreign Minister Dr A K Abdul Momen on Thursday."We are hopeful that South Korean...
RIYADH, May 12 (Arab News): Post-pandemic rebound in travel propelled a 756 per cent increase in the net profit of UAE-based Air Arabia during the first quarter of 2022.The Emirati low-cost carrier's profit climbed 291 million dirhams ($80 million), compared...
NEW DELHI, May 12 (Reuters): Gold prices inched lower on Thursday as the dollar scaled a fresh two-decade peak after April US inflation data bolstered expectations that the Federal Reserve would stick to its aggressive rate-hike roadmap.Spot gold fell 0.2...
LONDON, May 12 (Reuters): Oil prices dropped more than 2 per cent on Thursday in a volatile week as recession fears dogged global financial markets, outweighing supply concerns and geopolitical tensions in Europe.Brent crude was down $2.26, or 2.1 per...
After a prolonged Covid-19 hiatus, galleries for the cricket series in Bangladesh will be open for all from the Test series between Bangladesh and Sri Lanka starting May 15 in Chattogram, reports UNB. While announcing the title sponsor for the...
ROME, May 12 (AFP): Inter Milan claimed their eighth Italian Cup on Wednesday after overcoming old foes Juventus 4-2 in an extra-time victory full of incident and controversy.Ivan Perisic secured a thrilling win with a double in the first half...
SAO PAULO, May 12 (Agencies): Brazil's friendly match against rival Argentina scheduled for June in Australia has been cancelled.The game was planned as part of Brazil's preparations for the World Cup, but Brazilian soccer confederation coordinator Juninho Paulista said Wednesday...
Lionel Messi was the world's highest-paid athlete over the last year, according to the annual Forbes list released on Wednesday that had the Paris Saint-Germain forward ahead of the NBA's LeBron James and Manchester United's Cristiano Ronaldo, reports Reuters.Messi earned...
Allan Donald, the Bangladesh pace bowling coach, has urged his bowlers to bowl a bit fuller and avoid trying too many things as they prepare to take on Sri Lanka in the two-match Test series opener at Chattogram from May...
Bangladesh national hockey team emerged Pool B champions in the Asian Games qualifier when they edged past Singapore by a solitary goal held in Bangkok, Thailand on Thursday, reports BSS.In the day's match, Rakibul Hasan scored the all-important goal for...
LONDON, May 12 (BBC): Finland's president and prime minister have called for the country to apply for Nato membership "without delay".Sauli Niinisto and Sanna Marin said in a joint statement they expected a decision in the next few days.The move...
HONG KONG, May 12 (BBC): One of the Catholic Church's most senior members has been arrested in Hong Kong for breaking China's national security law, police have confirmed.Cardinal Joseph Zen, 90, is one of four people detained for being associated...
SEOUL, May 12 (AFP): North Korea confirmed its first-ever Covid cases Thursday and declared a "serious emergency", with leader Kim Jong Un appearing in a mask on television for the first time to order nationwide lockdowns.Hours after the shock announcement-the...
TOKYO, May 12 (AFP/TASS): Russia is the "most direct threat" to the international order because of its invasion of Ukraine, European Commission President Ursula von der Leyen said Thursday in Tokyo.Russia "is today the most direct threat to the world...
KURIGRAM, May 12 (BSS): Experts at a farmers' field day programme have stressed the need for expanding cultivation of zinc-enriched Bangabandhu dhan100 rice and popularising its consumption to improve nutritional status of common people.The event was arranged for harvesting the...
More than 1.3 million motorcyclists, or 35 per cent of the riders across Bangladesh, drive without a licence - a factor blamed for a rising number of deadly road crashes, reports bdnews24.com.According to the Bangladesh Road Transport Authority (BRTA), more...
OUR CORRESPONDENTS | 2022-05-13 00:00:00
Boro farmers in the Barind tract area and Magura district are facing serious problems due to shortage of labourers and their high wages.Our Bogura Correspondent says, acute labourer crisis has been hampering Boro paddy harvesting severely in the Barind tract...
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