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Quader asks BNP to return to welfare-oriented politics

2022-06-02 00:00:00

Awami League General Secretary Obaidul Quader on Wednesday called upon the BNP leaders to return to the path of welfare-based politics shunning undemocratic tactics, reports BSS."We urge the BNP leaders to quit undemocratic ways and return to the path of...

Indian private refiners profit from cheap Russian crude

2022-06-02 00:00:00

NEW DELHI, June 01 (Reuters): There's a split emerging in India's refining sector as private refiners tap cheap Russian crude and boost profits from exports just as domestically focused state refiners get squeezed by high oil costs and government-capped domestic...

Kremlin ‘can re-route oil exports’ amid EU ban

2022-06-02 00:00:00

The Kremlin warned on Wednesday that the European Union's sanctions on Russian oil would hit the global energy market, but said Moscow could re-route exports to limit its own losses, reports Reuters.EU leaders this week agreed an embargo on Russian...

Inflation in Lanka hits fresh record

2022-06-02 00:00:00

COLOMBO, June 1 (AFP): Cash-strapped Sri Lanka saw its highest inflation on record for the eighth consecutive month in May, official data showed Wednesday, as the island nation grapples with its worst-ever economic crisis.The Colombo Consumer Price Index (CCPI) rose...

HSBC to invest $448m in Chinese business

2022-06-02 00:00:00

HONG KONG, June 1 (Reuters): HSBC Holdings plans to invest more than 3 billion yuan ($448 million) in its Chinese operations, Chief Executive Noel Quinn told state news agency Xinhua, saying he sees challenges for the economy but also opportunities...

Return to office or leave company

2022-06-02 00:00:00

Tesla Inc Chief Executive Elon Musk has asked employees to return to office or leave the company, according to a memo sent to staff that has been circulating on social media, reports Reuters. "Anyone who wishes to do remote work...

Pfizer to exit GSK joint venture after demerger

2022-06-02 00:00:00

LONDON, June 1 (AFP): US drugs giant Pfizer will exit its consumer healthcare joint venture with GlaxoSmithKline after the unit is spun off next month, the British drugmaker said Wednesday.GSK will list the healthcare division on the London stock market...

Global factory growth stunted by war, China's Covid curbs

2022-06-02 00:00:00

Global growth in factory activity slowed in May as China's strict coronavirus curbs and Russia's invasion of Ukraine disrupted supply chains and dampened demand, adding to woes for businesses already struggling with surging raw material prices, reports Reuters.Manufacturing growth slowed...

ECNEC approves over Tk 7.12b for smart power meter project

2022-06-02 00:00:00

The Executive Committee of the National Economic Council (ECNEC) approved on Wednesday a Taka 7.12 billion (712.62 crore) project for installing power prepayment meters at Rajshahi and Rangpur Divisions in a bid to ensure cent percent revenue collection and also...

Big Mexican retailer to buy BD products

FE REPORT | 2022-06-02 00:00:00

A Mexican retail chain shop, Coppel, has expressed their interest to buy bicycles, home textiles and apparel items from Bangladesh to further strengthen its trade relation with the country.A 10-member delegation from the leading retailer is expected to visit Bangladesh...

Posts and Telecommunications Minister Mostafa Jabbar inaugurated TheBorak

2022-06-02 00:00:00

Posts and Telecommunications Minister Mostafa Jabbar inaugurated TheBorak, a super app providing 'on-demand' services, including ride sharing, at the Shilpakala Academy auditorium in the capital recently

ONE Bank signed MoU with Dana Fintech

2022-06-02 00:00:00

ONE Bank Limited signed an MoU with Dana Fintech Limited for introducing digital lending. Under the MoU, ONE Bank will offer digital loan facility leveraging embedded lending technology of Dana Fintech and OK Wallet platform. Customers can also avail 'Buy...

MCCI President Md Saiful Islam along with the members of the Chamber's Board

2022-06-02 00:00:00

Ionut Viziru, Minister Counselor-Head of Economic and Commercial Office, the Embassy of Romania in India (accredited to Bangladesh), visited the Gulshan office of Metropolitan Chamber of Commerce and Industry (MCCI), Dhaka on Wednesday. MCCI President Md Saiful Islam along with...

Govt finalises charcoal policy

FE Report | 2022-06-02 00:00:00

The government has finalised the Charcoal Policy 2022 to help flourish a sustainable and international-standard charcoal industry in the country and grab export potentials of the non-traditional item.The policy also aims at increasing charcoal production to create more employment and...

Push for ethical pricing of RMG items

FE REPORT | 2022-06-02 00:00:00

Leaders of the country's apparel sector urged the International Labour Organisation (ILO) to place the issue of ethical pricing of garment items in different global forums to ensure a sustainable industry.They made the call when a visiting Bangladeshi delegation comprising...

NIPRO-JMI Joint Venture celebrates 12th anniversary

2022-06-02 00:00:00

JMI Group, Bangladesh's leading conglomerate in pharmaceuticals and medical device sector, has completed its 12-year journey with NIPRO Corporation, a Japan-based leading global healthcare company. To celebrate the 12th anniversary, an event titled, 'NIPRO-JMI Joint Venture: The trend setter of...

Hopes high for reopening of Malaysian labour market

ARAFAT ARA | 2022-06-02 00:00:00

Dhaka and Kuala Lumpur are expected to settle unresolved issues related to hiring of manpower, raising hope for reopening of the Malaysian labour market for Bangladeshi workers, officials said.In this regard, a delegation led by Malaysian Human Resources Minister M...

Two die after 'drinking rectified spirit' in Jamalpur

2022-06-02 00:00:00

JAMALPUR, June 01, (UNB): Two people died allegedly after drinking rectified spirit in Madarganj upazila of Jamalpur district on Tuesday night.The deceased were identified as Hafizur Kasai, 75, of Tegharia Thonthoniya Para area and Md Ehsan, 35, son of late...

Registrars' role in stopping child marriage underscored

2022-06-02 00:00:00

RANGPUR, June 01 (BSS): Marriage registrars could play a crucial role to protect children and prevent child marriage for ensuring their normal growth, education and empowerment on way to attain sustainable development goals.The opinion came at a programme on 'Social...

Workers unloading earthen pots

2022-06-02 00:00:00

Workers unloading earthen pots from a boat for selling those in the Dhaka city markets. The photo was taken from Gabtoli in the city recently — Focus Bangla

Man gets life term for killing ex-wife's mother in Chuadanga

2022-06-02 00:00:00

CHUADANGA, June 01 (UNB): A court in Chuadanga has sentenced a man to life in jail for killing his ex-wife's mother some eight years ago.Chuadanga district judge Zia Haider on Tuesday handed down the punishment to Atiar Rahman, son of...

300 tonnes of mangoes likely to be exported from Rajshahi

2022-06-02 00:00:00

RAJSHAHI, June 01 (BSS): Around 300 tonnes of mangoes are likely to be exported to different countries in Europe and Middle East from Rajshahi during the current season. A total of 220 mango growers only in Bagha Upazila have already...

Baliatoli ferry

2022-06-02 00:00:00

Baliatoli ferry, pontoon and gangway which were left unused for nine years getting damaged due to a lack of proper maintenance. The photo was taken from Kalapara-Kuakata of Patuakhali district recently — Focus Bangla

Call for standing by people with disabilities

2022-06-02 00:00:00

GAIBANDHA, June 01 (BSS): Speakers at a function have underscored the need for standing by the persons with disabilities with positive attitude to help and rehabilitate them in the society."As the persons with the disabilities are the integral parts of...

Gold prices hit two-week low

2022-06-02 00:00:00

Gold prices slid to a two-week low on Wednesday on a stronger dollar and US Treasury yields amid renewed global inflation concerns that could prompt aggressive monetary policy measures, reports Reuters. Spot gold was down 0.4 per cent to $1,830.66...

Lankan Alliance Finance relocated Principal Branch at Niharika Concord

2022-06-02 00:00:00

Lankan Alliance Finance Ltd (LAFL), a joint venture non-bank finance company with multinational collaboration, has inaugurated its newly relocated Principal Branch at Niharika Concord, 138 Kamal Ataturk Avenue, Banani, Dhaka. Chairman of the company Jowher Rizvi along with Chief Executive...

Abu Dhabi to limit single-use plastics

2022-06-02 00:00:00

ABU DHABI, June 1, (AFP): Restrictions on single-use plastic bags took effect in the United Arab Emirates capital Abu Dhabi Wednesday, as part of its efforts for a "greener future".The "single-use plastic bags ban starts today... to encourage sustainable living...

South Africa's BA operator grounds flights as funds run out

2022-06-02 00:00:00

JOHANNESBURG, June 1, (AFP): Comair, the South African operator of British Airways flights, has grounded all of its planes after running out of cash, the company said.The carrier, which is under administration, also operates budget airline Kulula. Those planes are...

Sonali Bank signed agreement with RAJUK

2022-06-02 00:00:00

Sonali Bank Limited signed an agreement with Rajdhani Unnayan Kartripakka (RAJUK) to receive charges and fees related to Urban Resilience Project under the Electronic Construction Permitting System (ECPS) through the 'Sonali Payment Gateway' services. CEO and Managing Director of the...

Rice bran oil millers seek export ban lifting

FE REPORT | 2022-06-02 00:00:00

The country's rice bran oil millers have sought to lift the ban on crude rice bran oil shipment for six months saying that the sector has been hit hard by the bar, an industry insider said. The government on May...