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AL-backed panel wins bar council elections

FE REPORT | 2022-05-31 00:00:00

The ruling Awami League-backed panel Sammilito Ainjibi Samonnay Parishad wins a landslide victory in the elections of the Bangladesh Bar Council, a licensing and regulatory body for all the lawyers of Bangladesh, over the BNP-backed panel Jatiyatabadi Ainjibi Oikya Parishad....

BNP vows to restore democracy braving repression: Fakhrul

2022-05-31 00:00:00

BNP Secretary General Mirza Fakhrul Islam Alamgir has vowed to move forward braving what it said the government's intensified repression to subdue its opponents ahead of the next election, reports UNB.The BNP leader came up with the remarks while talking...

BNP leaders telling big lies about mega projects: Quader

2022-05-31 00:00:00

Road Transport and Bridges Minister Obaidul Quader said on Monday the BNP leaders' 'mega falsehood' about the country's mega projects have raised questions about their mental health, reports BSS. "As the BNP leaders, who did not dream of implementing any...

Tesla Shanghai plant ramps up weekly output

2022-05-31 00:00:00

SHANGHAI, May 30 (Reuters): Tesla Inc has restored weekly output at its Shanghai plant to nearly 70 per cent of the level which it had operated at before the city's Covid-19 lockdown, according to two people familiar with the matter.The...

SoftBank cuts borrowing from Mizuho, Goldman Sachs

2022-05-31 00:00:00

TOKYO, May 30 (Reuters): SoftBank Group Corp trimmed borrowing from its main bank Mizuho Financial Group Inc by 4.5 per cent in the year ended March to 812 billion yen ($6.38 billion), a filing showed.Borrowing by the Japanese tech conglomerate...

US overtakes China as India's biggest trading partner

2022-05-31 00:00:00

The United States has now become India's top trading partner, with bilateral trade between the two countries standing at $119.42 billion in fiscal year 2021-22 compared to $80.51 billion in the previous years, report agencies.With this, the US has surpassed...

Md Nurul Afser inaugurated sales and display center of KONKA, GREE and HAIKO

2022-05-31 00:00:00

Deputy Managing Director of Electro Mart Limited Md Nurul Afser inaugurated the sales and display center of KONKA, GREE and HAIKO brand electronics and home appliances in Rajshahi recently. Director Mohammed Sazzed Un Newaz, General Manager (Sales & Marketing) Mahmudun...

Mahmud Hossain receiving 1st prize (IT Sector)

2022-05-31 00:00:00

Mahmud Hossain, Managing Director of Millennium Information Solution Limited, receiving the 1st prize (IT Sector) under Medium Industry Category from Nurul Majid Mahmud Humayun, MP, Minister of Industries at the National Productivity Award 2020 ceremony, held Sunday.

NCCI in Bangladesh organized a day-long event

2022-05-31 00:00:00

Nordic Chamber of Commerce and Industry (NCCI) in Bangladesh, organized a day-long event focused on "Foreign Direct Investment in Logistics Sector" co-hosted with the Embassy of Denmark, the Royal Norwegian Embassy and the Embassy of Sweden along with the Delegation...

HSBC Bangladesh and Sayeman Beach Resort

2022-05-31 00:00:00

Gitanka Debdip Datta, Head of Customer Value Management, HSBC Bangladesh and Darius Rahman, Director, Sayeman Beach Resort exchanging the Memorandum of Understanding (MoU) in presence of officials from both the organisations. As per the terms and conditions of the MoU,...

Social Islami Bank inaugurated four sub-branches

2022-05-31 00:00:00

Social Islami Bank Limited inaugurated four sub-branches and eight ATM booths through virtual platform on Monday at its head office. Dr. Md. Mahbub Ul Alam, Chairman of SIBL, inaugurated the sub-branches and ATM booths as the chief guest while Zafar...

Agritech startup iFarmer raises $2.1m

2022-05-31 00:00:00

iFarmer, a full-stack agriculture platform providing agri based services to farmers, has recently raised $2.1m in a new financing round, maintaining its accelerated growth. IDLC Venture Capital Fund, the VC arm of IDLC Finance led the financing round, said a...

EBL offers ISIC Co-brand Prepaid Card

2022-05-31 00:00:00

Eastern Bank Limited (EBL) offers International Student Identity Card (ISIC) Co-brand Prepaid Card with SSBCL Group in association with Visa. The card will come in three variants specially designed to cater to students (ISIC), the youth (IYTC) and full time...

M. Amanullah elected Chairman of Mercantile Bank committee

2022-05-31 00:00:00

M. Amanullah has been elected as Chairman of Risk Management Committee of Mercantile Bank Limited in its 402nd Board Meeting held recently. He is also Sponsor Director of the Bank. He was the former Chairman of Mercantile Bank Ltd. M....

Beximco Green Sukuk meeting on June 02

FE Report | 2022-05-31 00:00:00

Trustee of Beximco Green Sukuk Al Istisna'a, the solely listed sukuk, will hold a meeting on June 02, 2022 to consider, among others, half yearly periodic payment.The company made the announcement on holding the meeting of the trustee through a...

Gaining streak extended for third consecutive session

FE Report | 2022-05-31 00:00:00

Dhaka stocks on Monday closed marginally higher extending the gaining streak for third consecutive session as major sectors performed mixed.On the day, large cap companies including Grameenphone lost prices marginally on the Dhaka Stock Exchange (DSE) which saw day-long choppy...

Iron ore soars to one-week high on China stimulus

2022-05-31 00:00:00

Iron ore futures in Dalian and Singapore climbed on Monday to their highest levels since May 23, extending a relief rally spurred by easing COVID-19 curbs in top steel producer China and government efforts to shore up the battered domestic...

Gold prices buoyed by softer dollar

2022-05-31 00:00:00

Gold prices rose on Monday as the dollar slipped, while investors have dialled down their expectations of further aggressive monetary policy tightening in the United States, reports Reuters.Spot gold rose 0.4 per cent to $1,859.18 per ounce by 1008 GMT....

Oil climbs above $120 a barrel

2022-05-31 00:00:00

LONDON, May 30 (Reuters): Oil prices climbed above $120 a barrel on Monday, hitting their highest in more than two months, as traders waited to see whether a European Union meeting would reach an agreement on banning Russian oil imports.The...

NHFIL signed MoU with BTI on home loan financing

2022-05-31 00:00:00

National Housing Finance and Investments Ltd. (NHFIL) recently signed an MoU with the Building Technology & Ideas Ltd. (BTI) on home loan financing. Under this MoU, NHFIL will finance the customers who will purchase flat or commercial space from BTI....

Janata Bank held a meeting of taskforce

2022-05-31 00:00:00

Janata Bank Limited held a meeting of its taskforce at its head office in the city recently, with the MD and CEO of the bank Md Abdus Salam Azad in the chair

212th meeting of ALCO of Sonali Bank held

2022-05-31 00:00:00

The 212th meeting of Asset Liabilities Committee (ALCO) of Sonali Bank Limited was held at the bank's head office on Monady, with ALCO Chairman and Sonali Bank CEO and Managing Director Md Ataur Rahman Prodhan in the chair

CA unveils bumper home fixture list

2022-05-31 00:00:00

SYDNEY, May 30 (AFP): Cricket Australia unveiled a bumper home fixture list on Monday with eight bilateral men's series against five different opponents either side of their defence of the T20 World Cup.The marathon five-month schedule starting in August will...

Gujarat win IPL at first attempt

2022-05-31 00:00:00

AHMEDABAD, India, May 30 (AFP): Hardik Pandya starred with bat and ball as Gujarat Titans clinched the IPL title in their debut season with a seven-wicket victory over Rajasthan Royals in front of a record crowd of 104,859 in Ahmedabad...

Nadal, Djokovic to meet French Open quarter-final

2022-05-31 00:00:00

PARIS, May 30 (AFP): Rafael Nadal set up a blockbuster French Open quarter-final against world number one Novak Djokovic on Sunday when he defeated Felix Auger-Aliassime in a five-set fourth round epic and pledged to "fight until the end".Nadal, the...

Marcelo puts an end to his era at Real Madrid

2022-05-31 00:00:00

MADRID, May 30 (AP): Lifting yet another Champions League trophy, Marcelo put an end to his era at Real Madrid. The veteran Brazilian left back said after the team's 1-0 win over Liverpool in the Champions League final on Saturday...

Brazil's forward Neymar (C) attends a training session

2022-05-31 00:00:00

SEOUL: Brazil's forward Neymar (C) attends a training session at Goyang Stadium in Goyang on Monday, three days ahead of a friendly football match against South Korea — AFP

After IPL, Pandya wants to win T20 WC with India

2022-05-31 00:00:00

After leading Gujarat Titans to the Indian Premier League (IPL) title in their first season, winning the Twenty20 World Cup with India is next on Hardik Pandya's bucket list, reports Reuters.Pandya led by example in Sunday's final against 2008 champions...

BCB asks Mominul to make decision on future captaincy

2022-05-31 00:00:00

Mominul Haque, the Test skipper, has been asked by the Bangladesh Cricket Board (BCB) to make a decision on whether he wants to continue as captain or not, considering that the leadership duties have affected his batting, according to Cricbuzz.com.Mominul's...

Preventing youths' addiction to smart phone underscored

2022-05-31 00:00:00

RAJSHAHI, May 30, (BSS): Collective efforts of all quarters, including teachers and parents, has become crucial to prevent abuse of smart phones and its abuses by the youths.Addiction to the smart phone as well as its abuse has been creating...