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First Security Islami Bank inaugurated Moheshkhali Branch

2022-04-07 00:00:00

First Security Islami Bank Ltd inaugurated Moheshkhali Branch at Gorokghata Bazar Main Road, Moheshkhali in Cox’s Bazar on Wednesday. Syed Waseque Md Ali, Managing Director of the Bank, inaugurated the branch through a videoconference.

SBAC Bank awarded best performers in deposit mobilisation

2022-04-07 00:00:00

South Bangla Agriculture and Commerce Bank Limited awarded its best performers in deposit mobilisation. Mr. Mosleh Uddin Ahmed, Managing Director and CEO of the Bank, handed over crests, certificates & prize money among the officers at FARS Hotel of Dhaka...

Canadian University of Bangladesh exchanging documents at a signing ceremony

2022-04-07 00:00:00

In presence of Emranul Huq, Managing Director & CEO of Dhaka Bank Limited, and Shahnul Hasan Khan, Executive Chairman of Canadian University of Bangladesh, Mohammad Abu Jafar, Additional Managing Director, Dhaka Bank and Prof. H.M Jahirul Haque, Ph.D, Senior Adviser,...

Brokerage licences won't be renewed

FE Report | 2022-04-07 00:00:00

Licenses of stock brokers will not be renewed and their existing facilities will be denied if they have dues in payment of fees of both BO account maintenance and share settlement.The Bangladesh Securities and Exchange Commission (BSEC) on Tuesday imposed...

LafargeHolcim leads turnover chart

FE REPORT | 2022-04-07 00:00:00

Ten most-traded stocks grabbed over 36 per cent of transactions on the Dhaka Stock Exchange (DSE) while LafargeHolcim Bangladesh dominated the turnover list after a long time.Market operators said multinational cement producers topped the turnover list as investors showed their...

Meghna Ins IPO subscription begins May 11

FE REPORT | 2022-04-07 00:00:00

The initial public offering (IPO) subscription of Meghna Insurance Company will commence from May 11, aiming to raise Tk 160 million from the capital market, officials said.The IPO subscription of the general insurer through the electronic subscription system of the...

DSE turnover dips below Tk 5.0b mark

FE REPORT | 2022-04-07 00:00:00

The market extended losses on Wednesday, with turnover dipping below Tk 5.0 billion-mark, as investors were reluctant to make fresh investments in stocks amid persistent volatility.Market insiders said the looming uncertainty over the global economy and the commodity market volatility...

Curtain falls on entrepreneurship contest

Ipshita Maliat Rahman | 2022-04-07 00:00:00

The HULT Prize at BUTEX-2022 was successfully completed on March 25, with Team Neoterics as the champions, and Team Infinity and Team Attention Seekers as the first and second runners-up respectively. The competition at BUTEX (Bangladesh University of Textiles) took...

Bangladeshis joining top US universities as students

Rassiq Aziz Kabir | 2022-04-07 00:00:00

In the last few years, the percentage of Bangladeshi students in the top undergraduate universities of the United States such as MIT, Princeton, Harvard etc. has been increasing exponentially. With easy access to information as well as growing awareness among...

JetBlue seeks to buy Spirit Airlines

2022-04-07 00:00:00

NEW YORK, April 06 (AFP): JetBlue Airways announced Tuesday a bid to acquire Spirit Airlines for $3.6 billion, setting up a bidding war with Frontier Airlines in the discount flying market.The all-cash bid of $33 a share marks a 52...

UK to renationalise part of energy network

2022-04-07 00:00:00

LONDON, April 06 (AFP): Britain on Wednesday revealed plans to renationalise part of the country's energy network to help secure supplies as Russia's invasion of Ukraine further fuels prices."With high global wholesale gas prices and renewed pressure on energy networks...

ONE Bank and Academia signed agreement

2022-04-07 00:00:00

ONE Bank Limited and Academia signed an agreement under which both the parties will work together for digitisation of payment collection and operational management through OK EMS (Education Management Solution). Md Monzur Mofiz, Managing Director of ONE Bank, and Md...

IFIC Bank in association with BFIU of Bangladesh Bank organised Training for Trainers Programme

2022-04-07 00:00:00

IFIC Bank Ltd. in association with the Financial Intelligence Unit (BFIU) of Bangladesh Bank organised a Training for Trainers Programme on the prevention of 'Money Laundering & Terrorist Financing Risk Management'. Syed Mansur Mustafa, Deputy Managing Director, Head of International...

Jashore Zone of IBBL organised 'Business Development Conference'

2022-04-07 00:00:00

Jashore Zone of Islami Bank Bangladesh Limited organised a 'Business Development Conference' in Jashore recently. Mohammed Monirul Moula, Managing Director and CEO of the bank, addressed the conference virtually as the chief guest. Muhammad Qaisar Ali, Additional Managing Director of...

Walton acquired rights to trademarks of three European electronics brands

2022-04-07 00:00:00

Walton has acquired the rights to trademarks of three European electronics brands along with a fully automated inverter and non-inverter compatible compressor manufacturing plant. The European brands are ACC S.r.I, Zanussi Elettromeccanica (ZEM) and Verdichter (VOE). Walton Hi-Tech Industries PLC's...

Nagad and its MD honoured

2022-04-07 00:00:00

Tanvir A Mishuk, founder and managing director of Nagad, has been named 'Fintech Personality of the Year 2022' by the UK-based Global Brands Magazine. Also, the postal department's mobile financial service 'Nagad' won the 'Best innovative digital financial services brand'...

BCCCI, RAPID sign MoU on research collaboration

2022-04-07 00:00:00

The Bangladesh China Chamber of Commerce & Industry (BCCCI) and the Research and Policy Integration for Development (RAPID) signed a Memorandum of Understanding (MoU) on Wednesday to promote mutual collaboration between them, says a press release.As per the MoU, they...

BD getting fully dependent on seed imports

FE REPORT | 2022-04-07 00:00:00

Trade leaders seek massive investment in seed production as Bangladesh is almost fully getting import-dependent for seeds to feed the most vital agricultural sector of the economy. The country produces only 7.0 per cent of seeds locally and the rest...

Gold subdued as robust dollar dims appeal

2022-04-07 00:00:00

LONDON, Apr 06 (Reuters): Gold prices were subdued on Wednesday in choppy trade as a robust dollar and the prospect the Federal Reserve could raise interest rates aggressively kept non-yielding bullion near a one-week low.Spot gold was 0.1 per cent...

Oil price rises on fresh Russia sanction threat

2022-04-07 00:00:00

LONDON, Apr 06 (Reuters): Oil futures rose on Wednesday as the threat of new sanctions on Russia raised supply concerns, countering fears of weaker demand following a build in US crude stockpiles and Shanghai's extended lockdown.Brent crude futures were up...

BUET team visits GPH plant

OUR CORRESPONDENT | 2022-04-07 00:00:00

CHATTOGRAM, Apr 06: A delegation of the Bangladesh University of Engineering and Technology (BUET) visited the GPH Ispat Limited plant in Sitakunda near the port city on Tuesday.BUET Professor Dr Fahmida Gulshan led the delegation. GPH Group Chairman and Managing...

Tea auction kicks off in Ctg on Apr 25

OUR CORRESPONDENT | 2022-04-07 00:00:00

CHATTOGRAM, Apr 06: Tea auction for this year will begin in Chattogram on April 25 next. Following that, the second auction will be held at Srimongal on April 27 next. The decision was taken at a coordination meeting of the...

Barcelona to play in Australia for first time

2022-04-07 00:00:00

SYDNEY, Apr 06 (AFP): Barcelona will play an A-League All Stars side in Sydney next month on their first trip to Australia, the Spanish giants said on Wednesday.Xavi Hernandez's team will meet a side comprising the best players from the...

Five things to learn from Australia's Pakistan tour

2022-04-07 00:00:00

LAHORE, Apr 06 (AFP): Australia's cricketers were heading home Wednesday after completing their first tour to Pakistan since 1998.Pat Cummins' side won the three-Test series 1-0, lost the one-day internationals 2-1 and rounded off an incident-free trip with victory in...

Karthik, Shahbaz inspire RCB to victory

2022-04-07 00:00:00

A partnership for the ages between Dinesh Karthik and Shahbaz Ahmed dragged Royal Challengers Bangalore back to life from 87 for 5 in a chase of 170. That helped them eventually script a maiden defeat on early IPL 2022 pacesetters...

Mashrafe, Chirag lead Rupganj to win in DPL

2022-04-07 00:00:00

Mashrafe Bin Mortaza claimed 4-38 which was complemented by Indian recruit Chirag Jani's 72 as Legends of Rupganj recorded a hard-fought two-wicket victory against Khelaghar Samaj Kallayan Sangstha in the Dhaka Premier League (DPL) on Wednesday at Sher-e-Bangla National Cricket...

Joy's big jump in ICC Test rankings

2022-04-07 00:00:00

Bangladesh opener Mahmudul Hasan Joy made a giant leap in ICC Test rankings amid his side's big defeat to South Africa in the first Test in Durban, reports BSS.The visitors were skittled out for 53 in the second innings to...

Domingo returns to his roots as Tigers seek recovery

2022-04-07 00:00:00

PORT ELIZABETH, South Africa, Apr 06 (AFP): Bangladesh head coach Russell Domingo returns to his roots as his team seek to revive their fortunes in the second Test against South Africa starting at St George's Park in Gqeberha on Friday.Domingo...

Tunisia hits back at Erdogan 'interference'

2022-04-07 00:00:00

TUNIS, Apr 06 (AFP): Tunisia has summoned Turkey's ambassador in protest against "interference", the foreign ministry said Wednesday, after President Recep Tayyip Erdogan criticised his counterpart in Tunis for dissolving the country's parliament.President Kais Saied sacked the assembly last week,...

Former AI India chief barred from leaving country

2022-04-07 00:00:00

NEW DELHI, Apr 06 (AFP): Amnesty International's (AI) former India chief said Wednesday he was stopped from flying to the United States because of government legal action against the human rights watchdog.Prime Minister Narendra Modi's administration has long been accused...