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Novak Djokovic returns to clay

2022-04-14 00:00:00

Novak Djokovic's tennis season like no other resumed Tuesday on home clay, reports Reuters.Deported from Australia in January because he was unvaccinated against COVID-19 and thus did not fulfil entry requirements, beaten early in Dubai in February and unable to...

Dhaka Abahani to face Mohun Bagan in AFC Cup on April 19

2022-04-14 00:00:00

Six-time Bangladesh Premier League (BPL) champions Dhaka Abahani Limited will face Indian giant ATK Mohun Bagan in the second play-off match of the AFC Cup on April 19 at Salt Lake Stadium in Kolkata, reports UNB.Earlier, the popular sky-blue Dhanmondi...

Mominul plays down captaincy pressure

2022-04-14 00:00:00

Mominul Haque was not fazed by the criticism he faced as a Test captain following Bangladesh's dismal result in the longer version format, reports BSS.Bangladesh won just three matches--two against Zimbabwe and one against New Zealand-- out of 15 under...

WTO lowers 2022 global trade growth forecast

2022-04-14 00:00:00

The World Trade Organization (WTO) on Tuesday revised down its forecast for global trade growth this year to 3.0 per cent from 4.7 per cent due to the impact of the Russia-Ukraine war and warned of a potential food crisis...

No defence procurement from US now; signing GSOMIA to take time: FS

2022-04-14 00:00:00

Bangladesh is not going to procure any arms from the United States at this moment but instead focusing on its economic development for the welfare of its people, Foreign Secretary Masud Bin Momen has said, reports (UNB)."At this moment there's...

Janata Bank Swadhinata Officer Parishad distributed Iftar among the destitute

2022-04-14 00:00:00

The Janata Bank Swadhinata Officer Parishad distributed Iftar among the destitute in the city on Tuesday as part of the bank's programme to arrange Iftar for poor people who keep fast in Holy Ramadan. Managing Director & CEO of the...

Financial Reporting Council organised a seminar

2022-04-14 00:00:00

The Financial Reporting Council (FRC) organised a seminar on 'Draft Standards and Formats of Financial Reporting for Statutory Public Authorities Contents and Compliances' at Parjatan Bhaban in the city's West Agargaon recently with Comptroller & Auditor General (CAG) of Bangladesh...

US power use to rise in 2022 as economy growing: EIA

2022-04-14 00:00:00

US power consumption will rise in 2022 and 2023 as the economy grows, the US Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday, reports Reuters.The EIA projected power demand will climb to 3,995 billion...

Time for BD freelancers to grab Canadian market

FE REPORT | 2022-04-14 00:00:00

The Russia-Ukraine war has created the opportunity for Bangladesh to grab the Canadian outsourcing market.Speakers made the observation during a virtual meeting organised by the Canada-Bangladesh Joint Working Group on Tuesday night.They said that most of the Canadian companies used...

Move to fix price of MS rod

FE REPORT | 2022-04-14 00:00:00

The consumers' rights watchdog has taken a move to fix the price of mild steel (MS) rod, the key construction material, as it noticed unusual pricing during market drives in recent times.To this effect, the Directorate of National Consumer Rights...

BSCIC fair begins in city today

FE REPORT | 2022-04-14 00:00:00

On the occasion of Bengali new year, the Bangladesh Small and Cottage Industries Corpo-ration (BSCIC) and Bangla Academy are jointly organising a fair, styled 'Boishahki Mela-1429, starting today (Thursday).The 15-day fair will be held at Bangla Academy in the city....

ICCB hails post-pandemic economic recovery, growth

2022-04-14 00:00:00

International Chamber of Commerce-Bangladesh (ICCB) has lauded Bangladesh's tremendous post-pandemic economic recovery and growth, reports BSS.The chamber said this in its current news bulletin for January to March, 2022 which was released on Wednesday.According to the bulletin, the economy of...

BIDA, FICCI join forces to woo investment

FE REPORT | 2022-04-14 00:00:00

The country's apex investment promotion agency and a platform of foreign investors join hands to promote and facilitate foreign investment in the country.To this end, the Bangladesh Investment Development Authority (BIDA) and the Foreign Investors' Chamber of Commerce and Industry...

Govt releases Tk 23b cash incentives for exporters

FE REPORT | 2022-04-14 00:00:00

The government released Tk 23 billion for the payment of cash incentives to local exporters on their export earnings.It is the 4th installment of cash incentives for the April-June period of the current fiscal year (FY) 2021-2022.Export-oriented sectors including readymade...

Dhaka University receives championship trophy

2022-04-14 00:00:00

Bangladesh International Arbitration Centre (BIAC) held a trophy and certificate distribution ceremony of the City Bank-BIAC International Inter University Arbitration Contest 2021 at the BIAC office in the city on Tuesday, says a press release. Dr Md Akhtaruzzaman, Vice Chancellor...

Eight global firms get request for proposals

M AZIZUR RAHMAN | 2022-04-14 00:00:00

The government has issued request for proposals (RFPs) to eight previously short-listed global firms to build the country's maiden land-based LNG terminal with a capacity to handle 7.50 million tonnes per year (Mtpa), at Matarbari Island in the Bay of...

Gold price hits 1-month peak as inflation lifts appeal

2022-04-14 00:00:00

LONDON, Apr 13 (Reuters): Gold prices hit a one-month high on Wednesday, as the Russia-Ukraine conflict boosted demand for safe-haven bullion while investors also bought it as a cushion against soaring inflation.Spot gold rose 0.5 per cent at $1,977.24 per...

China's March soybean imports fall 18pc

2022-04-14 00:00:00

BEIJING, April 13 (Reuters): China imported fewer soybeans in March than a year earlier, customs data showed on Wednesday, as bad weather delayed exports from Brazil and poor crush margins curbed demand.The world's top importer of soybeans brought in 6.35...

ACI Motors distributes Yanmar Harvesters in haor areas

2022-04-14 00:00:00

ACI Motors has come forward to help farmers affected by recent flash floods in haor areas through ensuring timely Boro harvesting, says a press release.To this end, ACI Motors have already supplied more than 150 Yanmar harvesters in the haor-based...

Oil prices extend gains with falling supplies in focus

2022-04-14 00:00:00

LONDON, Apr 13 (Reuters): Oil prices rose by more than 2 per cent on Wednesday after Moscow said that peace talks with Ukraine had hit a dead end, fuelling supply worries, while weak economic data from China and Japan kept...

Pahela Baishakh in the busy capital

Shadya Naher Sheyam | 2022-04-14 00:00:00

Pahela Baishakh, the first day of the Bangla year, splashes the colour of festivity amidst the Bangalee souls. Dhaka also becomes crowded with the lush wedding of red and white. The city dances with the rhythm of colour, music and...

Improving financial literacy among lower-income groups

Noshin Nawar | 2022-04-14 00:00:00

Financial literacy refers to the knowledge and skill of effectively managing money. A financially literate person exhibits prudence while taking financial decisions by weighing the benefits, costs, and risks associated with the decision. Being equipped with the ability to manage...

Skills freshers need in their first jobs

SAMUEL MURSALIN | 2022-04-14 00:00:00

Anyone related to the job market of Bangladesh, be it job-seekers, employers, or merely followers, would notice a massive disparity in what the companies are looking for and what the candidate pool offers. That is why job-seekers complain that there...

News Briefs (2022-04-14)

2022-04-14 00:00:00

Board meetingsFirst Security Islami Bank Ltd: A board meeting of the company will be held on April 20, 2022 at 3:00 PM to consider, among others, audited financial statements of the company for the year ended December 31, 2021.Asia Pacific...

S. Korea to lobby for inclusion in MSCI developed market index

2022-04-14 00:00:00

SEOUL, Apr 13 (Reuters): South Korea's finance minister will lobby for the country to be included in the Morgan Stanley Capital International (MSCI) developed market index when he meets the index provider next week, he said on Tuesday."Inclusion in the...

Global index funds seek to shift out of Chinese ADRs

2022-04-14 00:00:00

SHANGHAI/HONG KONG, Apr 13 (Reuters): Global index-tracking fund managers with exposure to US-listed Chinese firms are pushing index providers to swap into their Hong Kong-traded peers as delisting risks threaten to roil the $37 billion market for China-focused exchange-traded funds...

EEX bourse set for more growth in 2022

2022-04-14 00:00:00

FRANKFURT, April 13 (Reuters): Volumes of EEX's flagship power and gas futures products rose sharply in the first quarter of 2022, the European Energy Exchange said on Wednesday, adding that it expected 2022 volume growth and financial results will exceedlast...

Asian stocks shrug off red-hot US inflation

2022-04-14 00:00:00

HONG KONG, Apr 13 (AFP): Many Asian markets made gains Wednesday, despite losses on Wall Street and across Europe sparked by data showing red-hot US inflation.The US consumer price index surged 8.5 percent in March compared with a year ago,...

Shajahan Khan MP delivering his speech at an Iftar and Doa Mahfil

2022-04-14 00:00:00

Former Shipping Minister Shajahan Khan MP delivering his speech at an Iftar and Doa Mahfil organized by Shippers' Council of Bangladesh (SCB) as the chief guest at Dhaka Club Ltd on Tuesday. SCB Chairman Md. Rezaul Karim, Senior Vice Chairman...

123rd meeting of the board of directors of Takaful Islami Insurance held

2022-04-14 00:00:00

The 123rd meeting of the board of directors of Takaful Islami Insurance Limited was held on Tuesday at Dhanmondi, Dhaka. Chairman of the company Anwer Hossain Khan, MP presided over the meeting which was attended by Vice Chairman Abul Hashem...