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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...

UK manufacturers want tax cuts

2022-06-21 00:00:00

LONDON, June 20 (Reuters): Britain's main manufacturing lobby, Make UK, told the government to stop "short-term gimmicks" and cut taxes for the sector, as its members reported a significant slowdown in orders and a nose-dive in investment.Make UK said it...

Jamuna Bank Foundation organised a seminar -

2022-06-21 00:00:00

Jamuna Bank Foundation organised a seminar titled 'What we need to do to protect ourselves from the menace of drugs' recently to mark the International Anti-Drug Day. Nur Mohammed, Chairman, Jamuna Bank Limited and Jamuna Bank Foundation, was present as...

Midland Bank celebrated 9th anniversary

2022-06-21 00:00:00

Midland Bank Limited (MDB), a 4th generation private commercial bank, celebrated its 9th anniversary on Monday. On the occasion, the bank held a 'doa' session in its Board Room at Gulshan-2 in Dhaka. Kazi Raihan Zafar, director of the bank,...

Dubai to reopen world fair site

2022-06-21 00:00:00

DUBAI, June 20 (AFP): Dubai's vast Expo 2020 site is to reopen as Expo City Dubai, a "city of the future" with housing, businesses and leisure facilities, officials said on Monday.The development on Dubai's outskirts, purpose-built at $7 billion for...

European team visits IDCOL projects

2022-06-21 00:00:00

A high-level team comprising representatives from Germany, Denmark, Sweden, Switzerland, AFD, GIZ and KFW visited three renewable energy projects financed by the IDCOL in Savar recently, says a press release.The field visit was oraganised by the Team Europe Initiative on...

BIAC signs MoU with AS & Associates

2022-06-21 00:00:00

Bangladesh International Arbitration Centre (BIAC) has signed a Memorandum of Understanding (MoU) with AS & Associates for resolution of commercial dispute (if any) using ADR methods. The signing ceremony was held at the office of BIAC in Dhaka on Sunday,...

Toy makers eye greater global mkt share

MONIRA MUNNI | 2022-06-21 00:00:00

Local toy industry, which meets the majority of the domestic demand, has a huge potential to boost its global market share provided that the required policy support is ensured.Just a decade back, Bangladesh was largely dependent on imports to meet...

Strong quake shakes Taiwan

2022-06-21 00:00:00

TAIPEI, June 20 (AFP): A 6.0-magnitude earthquake struck Monday inTaiwan's east, 38 kilometres south of Hualien city, the US Geological Survey said.There were no immediate reports of damage or injuries.The quake had an estimated depth of 10 kilometres, according to...

Boy killed, 3 injured in Washington shooting

2022-06-21 00:00:00

WASHINGTON, June 20 (AFP): A 15-year-old boy was killed and three other people, including a police officer, were wounded in a shooting after a concert in Washington Sunday night, the local police chief said.The shooting was preceded by two other...

Russian journalist sells Nobel Prize for Ukrainian children

2022-06-21 00:00:00

NEW YORK, JUNE 20 (AP/BBC): What's the price of peace? That question could be partially answered Monday night when Russian journalist Dmitry Muratov auctions off his Nobel Peace Prize medal. The proceeds will go directly to UNICEF in its efforts...

Colombia elects first leftist president

2022-06-21 00:00:00

BOGOTA, June 20 (AFP): Ex-guerrilla Gustavo Petro was elected the first ever left-wing president of Colombia on Sunday, after beating millionaire businessman Rodolfo Hernandez in a tense and unpredictable runoff election.With all votes counted, Petro-the 62-year-old former mayor of Bogota-...

Macron loses parliament majority

2022-06-21 00:00:00

PARIS, June 20 (BBC): Less than two months after he was re-elected president, Emmanuel Macron has lost control of the French national assembly following a strong performance by a left alliance and the far right.He had called on voters to...

Spain, Germany struggle to tame wildfires

2022-06-21 00:00:00

BARCELONA, June 20 (AP): Firefighters in Spain and Germany struggled to contain wildfires on Sunday amid an unusual heat wave in Western Europe for this time of year.The worst damage in Spain has been in the northwest province of Zamora,...

Iran says 'train not derailed' in N talks

2022-06-21 00:00:00

TEHRAN, June 20 (AFP): Iran said Monday the "train has still not derailed" in negotiations aiming to restore the 2015 nuclear deal with world powers, despite new US sanctions on the Islamic republic.The US on Thursday imposed sanctions on a...

Medvedev stays top as Jabeur up to career-best third in rankings

2022-06-21 00:00:00

PARIS, June 20 (AFP): Russian Daniil Medvedev remained top of the ATP rankings released Monday despite his loss in the Halle final over the weekend to Poland's Hubert Hurkacz.Hurkacz's victory saw him jump two spots into 10th place while Italian...