AMSTERDAM, June 22 (Reuters): Mobile operators in Belgium have bid 1.2 billion euros ($1.26 billion) for fifth-generation (5G) mobile licences, the telecoms regulator said on Tuesday.Proceeds from the auction, which attracted bids from five operators, were 468.5 million euros higher...
MANILA, June 22 (Reuters): A sugar shortage in the Philippines has worsened as local production missed forecasts and due to a delay in planned imports of up to 200,000 tonnes of the refined sweetener, the Sugar Regulatory Administration (SRA) said...
BENGALURU, June 22 (Reuters) - The Federal Reserve will deliver another 75-basis-point interest rate hike in July, followed by a half-percentage-point rise in September, and won't scale back to quarter-percentage-point moves until November at the earliest, according to economists polled...
Lankan Alliance Finance Ltd (LAFL) has implemented Core Banking Solutions (CBS) for its business operation which will give a facelift to its system and replace present solutions. LAFL partnered with Era Infotech, a leading fintech solution provider, for installation, implementation,...
On the occasion of the World Motorcycle Day, a views-exchange meeting was held at Mohakhali Bus Terminal in Dhaka on Tuesday under the auspices of Yamaha Riders Club (YRC) to find out how to reduce road accidents and how to...
A relief team of Shwapno distributes dry food, water and medicines among the flood victims in Sylhet. Shwapno's staff members are trying to provide relief to the helpless people in Sunamganj, Chhatak, Dolar Haor's Chechan School, Senupar, Chander Bari, Bholaganj...
SMEVai, a leading digital platform for SMEs, offers special discount on one-stop business solutions, including training, accounting, marketing and legal services for Eastern Bank Ltd. (EBL) customers. M Khorshed Anowar, Deputy Managing Director and Head of Retail and SME Banking...
The Institute of Chartered Secretaries of Bangladesh (ICSB) organised a discussion on 'Budget 2022-23' at a city hotel on Tuesday. The programme was chaired by Md Azizur Rahman, Senior Vice President of ICSB. Md Shafiqul Alam, Council Member of ICSB,...
DUBLIN/LONDON, June 22 (Reuters): Global retailers and consumer goods makers remain in crisis mode and expect consumer behaviour to remain unpredictable for the foreseeable future, top industry executives told a conference in Dublin this week.Since the start of 2020, the...
TOKYO, June 22 (Reuters): Toyota Motor Corp on Wednesday cut its July global production plan by 50,000 vehicles as semiconductor shortages and COVID-19 parts supply disruptions continued to curb output.The world's largest car maker by volume expects to make 800,000...
TOKYO/HONG KONG, June 22 (Reuters): Bidders for Toshiba Corp are considering offering up to 7,000 yen ($51.41) per share to take the troubled Japanese conglomerate private, three people familiar with the situation told Reuters, valuing the deal at about $22...
India's market regulator on Monday fined Reliance Industries and two of its compliance officers for violating fair disclosure norms during Facebook's $5.7 billion investment in its digital unit in 2020, reports Reuters.In April 2020, Meta's Facebook invested $5.7 billion in...
Our Correspondent | 2022-06-23 12:00:00
CHATTOGRAM, June 22: Chittagong Port Authority (CPA) and officials of Port of Koper in Slovenia held a meeting on Tuesday at the CPA Board room in Chattogram to start a new sea route with Chattogram to Slovenia.The Bangladesh Garment Manufacturers...
Finance Minister AHM Mustafa Kamal on Wednesday said the amount of defaulted loans in the country is Tk 1.26 trillion (126,369 crore), reports UNB.Apart from this, another Tk 210.46 billion (21,046 crore) is stuck due to the order of the...
FE REPORT | 2022-06-23 00:00:00
Land Minister Saifuzzaman Chowdhury has described the proposed budget for the fiscal year 2022-23 as time-befitting and said that it could cope with the present challenges.He came up with the comments in the Jatiya Sangsad on Tuesday night (June 21)...
Flights will be resumed at Osmani International Airport, Sylhet today (Thursday) after six days of suspension due to the ongoing flood. Abdus Sattar, station manager of the airport, confirmed the matter to UNB on Wednesday. The airport authorities had suspended...
Bangladesh Bank (BB) will announce monetary policy for the new fiscal year (2022-23) on June 30 amid challenges of growing inflation rate and taka weakening against US dollar, reports UNB.BB's outgoing governor Fazle Kabir will announce the monetary policy physically...
FE REPORT | 2022-06-23 00:00:00
More than 1,000 commercial high-rises, especially markets, in Dhaka city will come under government inspection soon to ensure fire, structural and electrical safety, officials say.The government will inspect multi-storey commercial buildings (market buildings) in Dhaka North and South City Corporation...
FE REPORT | 2022-06-23 00:00:00
The UK and the USA on Wednesday announced emergency assistance for Bangladesh to support the people in peril in places most affected by the deluge.The UK releases an additional emergency funds of £442,548 (over Tk 5.0 crore) to support flood-hit...
SM Najmus Sakib | 2022-06-23 00:00:00
The health ministry is going to sit today (Thursday) to review the recent surge in Covid-19 infections as health experts and officials fear a fresh wave of the deadly virus in the country.The rate of daily infections jumped to over...
TALHA BIN HABIB | 2022-06-23 00:00:00
The government has made a move to ensure continued wheat supply from Russia in the upcoming fiscal year (FY), 2022-23, to boost food security in the country. As part of the moves, the Ministry of Food (MoF) officials are going...
The flood situation has improved slightly in northeastern and northern parts of Bangladesh while other low-lying areas of the country are likely to be inundated, officials said, reports BSS. "Despite the flood situation is likely to improve in the Sylhet,...
Stocks end three-day losing spellStocks posted a marginal gain on Wednesday after high volatility as most investors remained cautious amid rising virus cases and persistent macroeconomic worries. The market closed slightly higher after a three-day losing streak. DSEX, the prime...
ZURMAT, Afghanistan, June 22 (AFP): A powerful earthquake struck a remote border region of Afghanistan overnight killing at least 1,000 people and injuring hundreds more, officials said Wednesday, with the toll expected to rise as desperate rescuers dig through collapsed...
FE REPORT | 2022-06-23 00:00:00
The government has extended the closure time of shops, markets and shopping malls by additional two hours for a temporary period from next month ahead of Eid-ul-Azha.Shops, markets and shopping malls will remain shut after 10.0 pm from July 01-...
SYFUL ISLAM | 2022-06-23 00:00:00
The Asian Development Bank (ADB) may pledge to lend Bangladesh US$2.3 billion during 2023-2025 under an overall development recipe, at a time when the country launches a search for foreign-exchange support. Regarding the financing programme the ADB is finalising indicative...
Describing the Padma Bridge as the symbol of national pride, Prime Minister Sheikh Hasina on Wednesday said none can raise question about the standard of the multipurpose bridge which opens on June 25, reports UNB."We've not made any compromise over...
FE REPORT | 2022-06-23 00:00:00
The Foreign Investors' Chamber of Commerce and Industry (FICCI) on Wednesday suggested a few changes in the conditions attached to the proposed cut in corporate tax by 2.5 per cent. It also urged the government to revoke the provision, proposed...
Light to moderate rain/thunder showers accompanied by temporary gusty wind and intense lightning flashes is likely to occur at many places over Rangpur, Mymensingh, Khulna, Barishal, Chattogram and Sylhet divisions in the next 24-hour from 06:00 am today (Thursday), according...
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