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TIB gets $5.34m Swedish grant for anti-corruption campaign

FE REPORT | 2022-04-05 00:00:00

The Swedish government will provide a grant of USD 5.34 million to Transparency International, Bangladesh (TIB) to accelerate its anti-corruption campaign in Bangladesh.The Swedish embassy in Dhaka and TIB signed an agreement to this effect on Monday at the latter's...

PM for ensuring proper use of water

2022-04-05 00:00:00

Prime Minister (PM) Sheikh Hasina on Monday said that her government has taken plans for better use of surface water and reducing its extraction from the underground, reports UNB."Another name of water is life, this is important to preserve this...

Bangladesh Bar Council election on May 25

2022-04-05 00:00:00

The election to Bangladesh Bar Council, a governing body of lawyers in the country, will be held on May 25, reports BSS.In a statement signed by Bar Council Chairman and Attorney General AM Amin Uddin on Monday announced the schedule...

IGP for boosting regional coop in cyber-crime prevention

2022-04-05 00:00:00

Inspector General of Police (IGP) Benazir Ahmed said on Monday cooperation between law enforcement agencies across countries will have to increase in order to curb the growth of cyber-crime in the international arena, reports UNB.The IGP came up with the...

Bangladesh Nari Progati Sangha forms a human chain

2022-04-05 00:00:00

Bangladesh Nari Progati Sangha forms a human chain in front of the National Press Club in the city on Monday demanding punishment for a police constable who harassed a female teacher for wearing Tip — Focus Bangla

Quader for completing road repair works before Eid-ul-Fitr

2022-04-05 00:00:00

Road Transport and Bridges Minister Obaidul Quader on Monday directed the authorities concerned to complete the road repair works across the country before upcoming Eid-ul-Fitr and monsoon, reports BSS.He came up with the directives while exchanging views with officials of...

Govt plans to build a new int'l airport near Dhaka

2022-04-05 00:00:00

There is a plan to construct a new international airport named 'Bangabandhu Sheikh Mujib International Airport,' in the vicinity of Dhaka ensuring the latest standard, said State Minister for Civil Aviation and Tourism Md Mahbub Ali on Monday, reports UNB.He...

Public sufferings mount as vehicles get stuck

2022-04-05 00:00:00

Public sufferings mount as vehicles get stuck in traffic jam both on the flyover and the road. The picture was taken from the city's Shantinagar area on Monday — FE photo

AL govt increases power generation after coming to power: Joy

2022-04-05 00:00:00

Awami League (AL) government increased the power generation capacity to 4,300 MW after assuming power in 1996, said Prime Minister Sheikh Hasina's ICT Adviser Sajeeb Wazed Joy, reports BSS.He said rampant corruption of Tarique Rahman during BNP rule brought the...

Britain's main share index steady

2022-04-05 00:00:00

April 4 (Reuters) - Britain's main share index held steady on Monday, with investors buying into defensive stocks as talks of more sanctions against Russia over its invasion of Ukraine kept risk appetite in check.The blue-chip FTSE 100 (.FTSE) was...

Indian shares close at near three-month high

2022-04-05 00:00:00

BENGALURU, April 4 (Reuters) - Indian shares rose on Monday to close at a near three-month high, buoyed by a surge in India's largest private lender HDFC Bank and mortgage lender Housing Development Finance Corp after the companies said they...

Twitter stock soars after Elon Musk stake

2022-04-05 00:00:00

NEW YORK, April 4, 2022 (AFP): Twitter's stock soared by more than 25 percent in pre-market trade on Wall Street Monday, after Tesla boss Elon Musk took a major stake in the social media company.According to a document filed with...

BOJ should ‘act in line with global central banks’

2022-04-05 00:00:00

TOKYO, Apr 04 (Reuters): Japan's central bank should hike interest rates to ensure the country will not fall out of lockstep with the rest of the world in its monetary policy, an associate of Prime Minister Fumio Kishida whose ideas...

Turkish inflation hits fresh record at 61.1 per cent

2022-04-05 00:00:00

ISTANBUL, Apr 04 (AFP): Turkey's inflation has soared to a new record, official data showed Monday, as analysts see an impact from Russia's invasion of Ukraine and President Recep Tayyip Erdogan's unorthodox interest rate policy.Exacerbating a cost of living crisis,...

HDFC Bank creates Indian lending behemoth in $40b deal

2022-04-05 00:00:00

MUMBAI, Apr 04 (Reuters): India's largest private lender HDFC Bank is buying its biggest shareholder in a $40 billion deal, the country's biggest ever, creating a financial services titan to better tap rising demand for credit.HDFC Bank's deal with housing...

Janata Bank Chairman SM Mahfuzur Rahman inaugurated Liberation War memorial plaques

2022-04-05 00:00:00

Janata Bank Limited Chairman SM Mahfuzur Rahman inaugurated Liberation War memorial plaques, funded by the bank, at Khairguni, Daudpur and Matihara of Nawabganj Upazila in Dinajpur recently. MD and CEO of the bank Md Abdus Salam Azad, directors KM Shamsul...

Agrani Bank held meeting with country heads

2022-04-05 00:00:00

Agrani Bank Limited held a meeting with the country heads of different exchange houses to share views at the Board Room of the bank on Sunday with Managing Director and CEO of the bank Mohammad Shams-Ul Islam in the chair....

DBH opened 13th branch in Rajshahi

2022-04-05 00:00:00

Delta Brac Housing Finance Corporation Ltd. (DBH) recently opened its 13th branch in Rajshahi city. Nasimul Baten, Managing Director and CEO of DBH, formally inaugurated the branch.

Hike in low-segment to help protect health, boost revenue

FE REPORT | 2022-04-05 00:00:00

The hike in prices of cigarettes reduces smoking among the low-income population, a study jointly done by the Ark Foundation, Bangladesh and Tobacconomics of University of Illinois at Chicago has found.Smoking will drop by 9.0 per cent among the lower-income...

‘Nagad Islamic’ gains popularity as mobile payments on the rise

FE REPORT | 2022-04-05 00:00:00

Shariah-compliant financial services are now being offered through Mobile Financial Services (MFS). 'Nagad' is the first MFS provider in the industry to offer a Shariah-compliant interest-free mobile payment solution via its 'Islamic Account'. The platform has been in operation since...

Union Bank celebrated first decade

2022-04-05 00:00:00

Union Bank Limited celebrated first decade of the bank at its Head Office,Gulshan-1, Dhaka. A. B. M. Mokammel Hoque Chowdhury, Managing Director of the bank, inaugurated the programme as the chief guest.

826th EC meeting of SJIBL held

2022-04-05 00:00:00

The 826th meeting of the Executive Committee (EC) of Shahjalal Islami Bank Limited (SJIBL) was held recently at Corporate Head Office of the Bank. The meeting was presided by Mr. Akkas Uddin Mollah, Chairman of the Executive Committee (EC) of...

Bank Asia's 'Risk Conference 2022' held

2022-04-05 00:00:00

Bank Asia organised "Risk Conference 2022" through digital platform recently at Bank Asia Tower, Karwan Bazar, Dhaka. Mr. M. A. Baqui Khalily, Chairman of Risk Management Committee of the Board, was present at the conference as the Chief Guest. Mr....

Krishibid Seed QIO hits 2.54 times high on SME board

FE Report | 2022-04-05 00:00:00

Subscription of Qualified Investor Offer (QIO) of Krishibid Seed, a concern of Krishibid Group, hit 2.54 times high on the exchange's SME board.The company's subscription of QIO was held between March 20 and March 24 to raise a fund worth...

Tax receipts jump 43pc in nine months

BABUL BARMAN | 2022-04-05 00:00:00

The government revenue earnings from Dhaka Stock Exchange (DSE) jumped 43 per cent in nine months of the current fiscal year compared to the same period last fiscal, powered by rising trading volume.The government bagged revenue worth Tk 3,256 million...

DSE turnover dips below Tk 7.0b mark

FE REPORT | 2022-04-05 00:00:00

Stocks plunged on Monday, snapping a two-day gaining streak due to profit booking sell-offs.DSEX, the prime index of Dhaka Stock Exchange, slid 53 points or 0.78 per cent to settle at 6,718, after gaining over 18 points in the past...

Russian wheat falls sharply with stronger rouble

2022-04-05 00:00:00

Russian wheat prices fell sharply last week, both for export and domestic deals, reflecting strengthening of the rouble against the dollar on capital controls imposed by Moscow, analysts said on Monday, reports Reuters. Russia, one of the world's largest wheat...

China steps up exports of aluminium

2022-04-05 00:00:00

LONDON, Apr 4 (Reuters): China is stepping up exports of aluminium to fill a widening supply gap in Western markets.The country shipped out 26,378 tonnes of primary aluminium in February, the highest monthly total since 2010. Imports collapsed over the...

Gold edges higher -

2022-04-05 00:00:00

Gold edged higher on Monday as the prospect of further sanctions on Russia over its invasion of Ukraine knocked stock markets and blunted appetite for risk, though elevated US Treasury yields and a stronger dollar limited gains, reports Reuters.Spot gold...

Oil jumps toward $108 as supply fears persist

2022-04-05 00:00:00

LONDON, April 4 (Reuters): Oil jumped over 3 per cent on Monday toward $108 a barrel as the release of strategic reserves by consuming nations failed to eliminate supply fears arising from Russia's invasion of Ukraine and the lack of...