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Actor Nisho becomes brand ambassador for Mr White

2022-04-12 00:00:00

Renowned TV actor Ahmed Fazle Rabbi, popularly known as Afran Nisho, has become the brand ambassador for Mr. White Detergent Powder, a brand of Quazi Enterprises Ltd., says a press release. He signed a contract to this end at the...

Krishibid Seed makes debut on SME Platform today

FE REPORT | 2022-04-12 00:00:00

Trading of the shares of Krishibid Seed --- a concern of Krishibid Group --- will commence today (Tuesday) on the SME Platform of Dhaka Stock Exchange and Chittagong Stock Exchange.The company's profit after tax jumped 88.35 per cent to Tk...

BSTI starts issuing halal certificates

FE REPORT | 2022-04-12 00:00:00

Bangladesh Standard and Testing Institution (BSTI) started issuing halal certificates for products from Monday. As part of the move, the BSTI issued halal certificates for nine products of three organisations under Olympic Industries on the first day. The Arabic word...

'ICB AMCL CMSF Golden Jubilee MF' trust deed signed

FE REPORT | 2022-04-12 00:00:00

Capital Market Stabilisation Fund (CMSF) is set to launch a new closed-end mutual fund titled "ICB AMCL CMSF Golden Jubilee Mutual Fund".In this regard, a trust deed signing ceremony was held at Investment Corporation of Bangladesh (ICB) head office on...

Stocks slip into red after single-day break --

FE REPORT | 2022-04-12 00:00:00

Stocks slipped into the red on Monday, after a single-day break, as the risk-averse investors sold shares amid lack of clear market direction. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 23.88 points or 0.35...

Palladium jumps 5pc on supply fears, inflation risks lift gold

2022-04-12 00:00:00

LONDON, Apr 11 (Reuters): Palladium prices jumped 5 per cent on Monday to a more than two-week high propelled by supply concerns following a recent ban on trading of the metal sourced from Russia in the London hub.Safe-haven gold, meanwhile,...

Japan tops up LNG reserves as Russian gas cutoff looms

2022-04-12 00:00:00

TOKYO, Apr 11 (Reuters): Japan's government has asked power companies to top up their liquefied natural gas (LNG) reserves and share energy resources, a person familiar with the contingency plan said, as civilian deaths in Ukraine push Tokyo to halt...

China needs own seeds to achieve food security: Xi

2022-04-12 00:00:00

BEIJING, Apr 11 (Reuters): Chinese President Xi Jinping said the country needs to be independent in seeds to achieve food security, state media reported on Monday, reiterating growing concerns about China's reliance on imports of food.Xi made the remarks on...

21 Russian airlines banned from operating in EU

2022-04-12 00:00:00

BRUSSELS, Apr 11 (Reuters): The European Commission has added 21 Russian airlines to a list of carriers banned from operating in the 27-nation bloc because they do not meet international safety standards, the EU executive arm said on Monday."The Russian...

Oil drops below $100 on reserves release

2022-04-12 00:00:00

LONDON, Apr 11 (Reuters): Oil prices dropped by $4 a barrel on Monday, with Brent crude tumbling below $100 on plans to release record volumes of crude and oil products from strategic stocks and on continuing coronavirus lockdowns in China.Brent...

Goldman acquires Dutch asset manager for $1.9b

2022-04-12 00:00:00

LONDON, Apr 11 (Reuters): Goldman Sachs has acquired Netherlands-based asset manager NN Investment Partners for 1.7 billion euros ($1.9 billion) to expand its asset management footprint in Europe and increase its sustainable investment capabilities.NN Investment Partners, formerly part of NN...

Food prices likely pushed India inflation to 16-mth high

2022-04-12 00:00:00

BENGALURU, Apr 11 (Reuters): India's retail inflation likely sped up to a 16-month high of 6.35 per cent in March, well above the Reserve Bank of India's upper tolerance band for a third straight month, in part due to a...

Fed to raise rates aggressively

2022-04-12 00:00:00

BENGALURU, Apr 11 (Reuters): The Federal Reserve is expected to deliver two back-to-back half-point interest rate hikes in May and June to tackle runaway inflation, according to economists polled by Reuters who also say the probability of a recession next...

Chip shortage to last into 2023, says BMW CEO

2022-04-12 00:00:00

BERLIN, April 11 (Reuters): A shortage of semiconductors is likely to remain a problem for the auto industry into 2023, German carmaker BMW's Chief Executive Oliver Zipse said in an interview with newspaper Neue Zuercher Zeitung (NZZ) published on Monday."We...

WEAB fair begins in city

2022-04-12 00:00:00

A three-day Baishakhi Fair began at Gulshan Ladies Community Club in the capital on Monday, marking Pahela Baishakh, the first day of the Bangla New Year, reports UNB.Women Entrepreneur Association of Bangladesh (WEAB) arranged the fair at the club, said...

Omera goes online for doorstep LPG delivery

2022-04-12 00:00:00

Omera Petroleum Limi-ted (OPL), a leading LP Gas operator in the country, has introduced online e-commerce system to provide doorstep delivery of LPG to the customers within the capital, reports UNB.The OPL inked an agreement with My Fuel Pump (MFP),...

Shimanto Bank signed MoU with IOM

2022-04-12 00:00:00

Shimanto Bank Ltd signed an MoU with International Organisation for Migration (IOM) at the bank's head office recently. Under this MoU, the IOM will avail certain banking services from Shimanto Bank. Rafiqul Islam, Deputy Managing Director, Shimanto Bank, and Nusrath...

Deadline for opinions extended

FE REPORT | 2022-04-12 00:00:00

The ministry of finance has extended the deadline by seven more days for providing opinions on the formation of National Pension Authority.People now can provide their opinions about the entity until April 19 using the finance ministry's website link, the...

3.2MWp rooftop solar plant opens

FE REPORT | 2022-04-12 00:00:00

The country's largest rooftop solar power plant under the opex model, a 3.2-megawatt peak (MWp) array, was inaugurated in Narayanganj on Monday.The facility has been established on a textile mill's buildings in Bhulta, on the outskirts of Dhaka city.Sustainable and...

S Korea to create decent jobs for girls in Bangladesh

2022-04-12 00:00:00

A new project has been undertaken to empower out-of-school adolescent girls and young women with market-driven occupational skills, transferable skills and job placements with support from the South Korean government, reports UNB. Korea International Cooperation Agency (KOICA), on behalf of...

News in Brief (2022-04-12)

2022-04-12 00:00:00

2 killed, 4 hurt in Los Angeles shootingLOS ANGELES, Apr 11: Two people were killed and four more injured in a shooting Sunday afternoon in the U.S. city of Los Angeles, local authorities said. The shooting occurred at approximately 4:13...

Palestinians vandalise W Bank shrine

2022-04-12 00:00:00

TEL AVIV, Apr 11 (AP): Palestinians set fire to a West Bank shrine revered by Jews as Israeli forces operated in the occupied territory following a spate of recent Palestinian attacks in Israel, the Israeli military said Sunday.The developments come...

They want López to finish his term

2022-04-12 00:00:00

MEXICO CITY, Apr 11 (AP): Fewer than two of every 10 eligible Mexican voters bothered to cast ballots Sunday on whether their popular president should end his six-year term barely midway through or continue to the end, according to the...

Lankan parties want interim govt with new PM

2022-04-12 00:00:00

COLOMBO, Apr 11 (Reuters): Three parties that recently withdrew from Sri Lanka's ruling coalition have proposed forming an interim government with a new prime minister replacing President Gotabaya Rajapaksa's brother, they said on Monday, as the country's economic crisis rolls...

China closes Guangzhou to most arrivals as Covid spreads

2022-04-12 00:00:00

BEIJING, Apr 11 (AP): The manufacturing hub of Guangzhou closed itself to most arrivals Monday as China battles a major COVID-19 surge in its big eastern cities.Shanghai has taken the brunt of the surge, with another 26,087 cases announced on...

Macron will face Le Pen in runoff for presidency

2022-04-12 00:00:00

PARIS, Apr 11 (AP): Incumbent Emmanuel Macron will face far-right nationalist Marine Le Pen in a winner-takes-all runoff for the French presidency, after they both advanced Sunday in the first round of voting in the country's election to set up...

Next few days of war are crucial: Zelenskyy

2022-04-12 00:00:00

LVIV, Apr 11 (AP/AFP): Ukraine's president warned his nation Sunday night that the coming week would be as crucial as any in the war."Russian troops will move to even larger operations in the east of our state," Volodymyr Zelenskyy said...

Sk Jamal confirm Super League

2022-04-12 00:00:00

Shiekh Jamal Dhanmondi Club secured a hard-fought four-run win over Rupganj Tigers in the ongoing Dhaka Premier Division Cricket League at Sher-e-Bangla National Cricket Stadium in the city on Monday, reports BSS. They became the first team to confirm the...

S Africa make two Covid replacements in Test against Bangladesh

2022-04-12 00:00:00

GQEBERHA, South Africa, Apr 11 (AFP): Two players were withdrawn from South Africa's team on the fourth day of the second Test against Bangladesh at St George's Park in Gqeberha on Monday after testing positive for Covid-19.Batsman Sarel Erwee and...

Opelka beat childhood hero Isner to win tallest final in ATP history

2022-04-12 00:00:00

HOUSTON, Apr 11 (AFP): Reilly Opelka defeated his childhood hero John Isner to win the tallest final in ATP Tour history at the US Clay Court Championship in Houston on Sunday.The 24-year-old Opelka powered past the veteran Isner in straight...