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HC orders audit of realised money by mobile courts

FE REPORT | 2022-06-21 00:00:00

The High Court on Monday directed the concerned bodies of the government to carry out an audit of the fined-money realised by the mobile courts across the country every year. It also asked the authorities concerned to monitor whether the...

14th Annual Senate Meeting of BUP

2022-06-21 00:00:00

Bangladesh University of Professionals (BUP) Vice Chancellor and Senate Chairman Major General Md Mahbub-ul Alam, ndc, afwc, psc, MPhil, PhD poses with other senate members at the 14th Annual Senate Meeting of the university on its campus in the city...

Blokhus new UNFPA Country Representative in Bangladesh

FE REPORT | 2022-06-21 00:00:00

Kristine Blokhus has assumed her role as the new UNFPA Country Representative in Bangladesh, succeeding Dr Asa Torkelsson. Ms Blokhus, who is a national of Norway, brings over 20 years of experience in international development and humanitarian response, according to...

Govt hopes to overcome challenges of Covid-19 pandemic by FY2023

2022-06-21 00:00:00

The government is contemplating the next fiscal year 2022-23 as its last year to overcome the challenges of the Covid-19 pandemic, reports UNB. According to the budget document, the government will continue the initiatives taken to address Covid-19 and sustain...

EC requested, not ordered, Bahauddin to leave Cumilla during polls: CEC

2022-06-21 00:00:00

Chief Election Commissioner (CEC) Kazi Habibul Awal said on Monday the Election Commission (EC) didn't direct ruling party lawmaker AKM Bahauddin Bahar to leave his home town during the recently held Cumilla City Corporation polls, reports UNB."He (Bahauddin) is undoubtedly...

PM sends mangoes to Mamata

2022-06-21 00:00:00

Prime Minister (PM) Sheikh Hasina has sent seasonal fruit mango as gift to India's West Bengal Chief Minister Mamata Banerjee, reports BSS.A total of 1,000kg mangoes have been handed over to the Indian representatives through the Benapole port in Jashore...

No festival, just formal opening of Padma Bridge, says Hasan

2022-06-21 00:00:00

The government is not organising any festival to mark the opening of the Padma Bridge, Informa-tion Minister Hasan Mahmud said on Monday, reports UNB.There will just be an opening ceremony and a public rally on June 25, he told reporters...

Flood victims cry for relief amid govt's inaction: BNP

2022-06-21 00:00:00

BNP senior joint secretary Ruhul Kabir Rizvi on Monday alleged that the flood-affected people in the country's northeast region, mainly hoar areas, are crying for relief amid the government's inaction to mitigate their miseries, reports UNB. Speaking at a token...

Majid Al Futtaim to refinance $500 million perpetual bonds

2022-06-21 00:00:00

DUBAI, June 20 (Reuters): Dubai's Majid Al Futtaim (MAF), which develops shopping malls across the Middle East, has hired banks to refinance its outstanding $500 million perpetual bonds, a bank document showed on Monday.Citi, HSBC - the sole green structuring...

Macau casino stocks slump

2022-06-21 00:00:00

HONG KONG, June 20 (AFP): Macau casino stocks slumped on Monday as the Chinese gaming hub battled a Covid-19 outbreak that has prompted tightened social distancing restrictions and mass testing.The sector has been hammered by the pandemic, with vital tourism...

Union Bank inaugurated Mariumnagar Sub-branch

2022-06-21 00:00:00

Md. Habibur Rahman, Additional Managing Director of Union Bank Limited, inaugurated the Mariumnagar Sub-branch and Peton Shah Mazar Gate Sub-branch, Chattogram as the chief guest through a videoconference from the head office in Dhaka. The programme was presided over by...

Western sanctions affected 75pc of Russian banks

2022-06-21 00:00:00

RIYADH, June 20 (Arab News): The sanctions imposed by the EU and the US on Russia following its invasion of Ukraine have affected 75 per cent of its banks. Billions of dollars and euros have been frozen in Britain, Germany...

Bankrupt Sri Lanka opens IMF talks

2022-06-21 00:00:00

COLOMBO, June 20 (AFP): Sri Lanka closed schools and halted all non-essential government services on Monday, beginning a two-week shutdown to conserve fast-depleting fuel reserves as the International Monetary Fund opened talks with Colombo on a possible bailout.The country of...

US banks expect a clean bill of health after Fed’s stress tests

2022-06-21 00:00:00

WASHINGTON, June 20 (Reuters): Large US banks are optimistic they will receive a clean bill of health from the Federal Reserve this week, freeing them up to distribute billions of dollars in excess capital to investors.The central bank on Thursday...

APA of 2022-23 fiscal year signed between Sonali Bank and Financial Institutions Division

2022-06-21 00:00:00

The Annual Performance Agreement (APA) of 2022-23 fiscal year was signed between Sonali Bank Limited CEO and Managing Director Md Ataur Rahman Prodhan and all its Deputy Managing Directors as a pre-step of agreement between Sonali Bank Limited and Financial...

First Security Islami Bank opened three agent banking outlets

2022-06-21 00:00:00

First Security Islami Bank Ltd opened three agent banking outlets at Banshghata Bazar, Eidgaon, Cox's Bazar at Bengura Bazar, Boalkhali, Chattogram, and at Shahosrail Bazar, Boalmari, Faridpur on Monday. Syed Waseque Md Ali, managing director of the bank, along with...

News Briefs (2022-06-21)

2022-06-21 00:00:00

Disbursement of dividend Unilever Consumer Care Limited: The company has disbursed the cash dividend for the year ended December 31, 2021 to the respective shareholders.Change of EGM dateMercantile Insurance: Refer to their earlier news disseminated by CSE on Monday regarding...

Pubali Bank relocated Sat Masjid Road branch

2022-06-21 00:00:00

Pubali Bank Limited has recently relocated its Sat Masjid Road branch, Dhaka to a new address and started banking activities under the name of Dhanmondi Branch. Monzurur Rahman, Chairman, board of directors of Pubali Bank, was present as the chief...

IDLC Securities inked agreement with Direct FN

2022-06-21 00:00:00

IDLC Securities Limited has inked an agreement with Direct FN to implement Brokerage Management System Software technology recently. As per the agreement, Magnus Corporation Ltd. will act as the local distributing partner of Direct FN. CEO & Managing Director of...

MTB and CASHe Alliance signed MoU

2022-06-21 00:00:00

Mutual Trust Bank Ltd (MTB) and CASHe Alliance Limited (CAL) signed a Memorandum of Understanding (MoU) to launch a digital lending app aimed at underserved millennial and genZ Bangladeshis at a simple ceremony held at the bank's corporate head office...

Prime Bank signs deal with Wave Foundation

2022-06-21 00:00:00

Prime Bank Limited has recently signed an agreement with Wave Foundation for disbursing remittance of different international exchange companies, said a press release. This will be facilitated by 127 branches of Wave Foundation across Bang-ladesh.Shams Abdullah Muhai-min, deputy managing director...

Standard Bank's AMD nominated as Advisory Board member of IFN Roadshow

2022-06-21 00:00:00

Md Touhidul Alam Khan FCMA, Additional Managing Director of Standard Bank Ltd, has been nominated as the member of the advisory board of international 'IFN Roadshow Bangladesh-2022' which is scheduled to be held on 30 June 2022. The organising body...

Dabur Oil intentionally designs its bottle to grab the market of Parachute Oil: HC

FE REPORT | 2022-06-21 00:00:00

The High Court in the full text of a verdict has given findings that the authority of the 'Dabur Gold Pure Coconut Oil' has designed its product including using blue colour on the bottle intentionally to grab some portion of...

Quasem Industries starts operation of Artificial Quartz unit

FE REPORT | 2022-06-21 00:00:00

Quasem Industries, an engineering sector listed firm, started commercial operation of artificial quartz product manufacturing unit on Monday.The unit was established in collaboration with USA-based Sunstone International, LLC. Apart from exporting artificial quartz products in USA, the company will also...

Macroeconomic worries hit stocks

FE REPORT | 2022-06-21 00:00:00

The prime index of Dhaka Stock Exchange (DSEX) slumped below 6,400-mark Monday, hitting a four-week low, as investors dumped their holdings amid macroeconomic woes.The risk-averse investors went for selling shares from the beginning of the session amid soaring inflation news...

Gold firms as dollar eases

2022-06-21 00:00:00

LONDON, June 20 (Reuters): Gold prices steadied on Monday as an easing dollar and global economic worries countered concerns around aggressive monetary tightening by the US Federal Reserve, with focus being on several central bankers' views this week.Spot gold was...

Airlines confident of narrowing losses

2022-06-21 00:00:00

DOHA, June 20 (Reuters): Global airlines battered by COVID-19 seem confident of narrowing their losses and went on the offensive at an industry summit in Qatar, criticising governments and airports over their handling of the recovery from the pandemic."The cost...

Indonesia looks to export chickens to shortage-hit Singapore

2022-06-21 00:00:00

SINGAPORE/JAKARTA, June 20 (Reuters): Indonesian authorities hope to reach an agreement with Singapore to start exporting chickens within weeks, officials said, as the city-state scrambles to find alternative supply sources after another neighbour Malaysia restricted sales.In a further sign of...

BARI held a feedback workshop on 'Implementation of National Integrity Strategy'

2022-06-21 00:00:00

Bangladesh Agricultural Research Institute (BARI) held a feedback workshop on 'Implementation of National Integrity Strategy' at the seminar room of the institute in Gazipur on Monday, with its Director General Dr Debasish Sarker as the chief guest. Presided over by...

Oil prices stable as mkt balances recession fears with tight supply

2022-06-21 00:00:00

LONDON, June 20 (Reuters): Oil prices were stable on Monday, struggling to reverse last week's losses as the market balanced tightening supplies with concerns about slowing global economic growth.Brent crude futures were down 14 cents, or 0.12 per cent, at...