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BREB general managers' confce in city Saturday

FE REPORT | 2022-04-01 00:00:00

The General Managers' Conference-2022 of the Bangladesh Rural Electrification Board (BREB) will be held in the capital on Saturday next, says a statement. Md Habibur Rahman, the Secretary of the Power Division under the Power, Energy and Mineral Resources Ministry,...

BRAC Bank posts BDT 5.55b net profit

2022-04-01 00:00:00

BRAC Bank registered a Net Profit After-Tax (NPAT) of BDT 5.55 billion in FY 2021 with a growth of 22 per cent compared to NPAT in 2020 on standalone financials.Consolidated financials, i.e., with all its subsidiaries, reflected a NPAT of...

‘ICB AMCL CMSF Golden Jubilee Mutual Fund’ in the offing

2022-04-01 00:00:00

Capital Market Stabilization Fund (CMSF) will launch "ICB AMCL CMSF Golden Jubilee Mutual Fund", a closed-end mutual fund with unit face value of BDT 10.The size of the fund is BDT 1.0 billion, said a statement.BSEC Thursday approved the draft...

JCI Dhaka Aspire holds 1st GMM

2022-04-01 00:00:00

JCI Dhaka Aspire, a local chapter of Junior Chamber International (JCI) Bangladesh, held its first General Members' Meeting (GMM) for the year 2022 at a city hotel recently.JCI Dhaka Aspire's local president Shovona Shahid presided over the GMM. National vice...

MiB developed to provide real-time data on RMG factories

FE REPORT | 2022-04-01 00:00:00

Mapped in Bangladesh (MiB), a digital platform, has collated, so far, data from 3,723 export-oriented RMG factories spread all over Bangladesh using the census method, resulting in a digital map that is free, neutral, interactive and open access, says Afshana...

Restaurant owners urge govt not to harass them in Ramadan

FE REPORT | 2022-04-01 00:00:00

The country's restaurant owners on Thursday urged the government to form a task force or commission to monitor the restaurants aimed at reducing harassments created by different government agencies in the name of monitoring.They said that restaurants are now being...

BATBC to invest above Tk 5.74b

FE Report | 2022-04-01 00:00:00

British American Tobacco Bangladesh Company (BATBC) will invest above Tk 5.74 billion in its site factory situated in Savar to increase export opportunities.The company's board of directors has approved its investment decision, said a disclosure posted on the website of...

DSE turnover hits six week high

FE REPORT | 2022-04-01 00:00:00

The turnover on Dhaka Stock Exchange (DSE) crossed Tk 11 billion-mark after six weeks, as investors put fresh funds on stocks after the coordination meeting.Turnover, a crucial indicator of the market, climbed to Tk 11.16 billion on the country's premier...

Brazil's jobless rate hits six-year low

2022-04-01 00:00:00

BRASILIA, Mar 31 (Reuters): Brazil's jobless rate stood at 11.2 per cent in the three months through February, statistics agency IBGE said on Thursday, the lowest level for the period in six years, amid a drop in the number of...

Rouble firms back past 84 to dollar

2022-04-01 00:00:00

MOSCOW, Mar 31 (Reuters): The Russian rouble strengthened back past 84 to the dollar on Thursday, and stocks jumped higher as some curbs on short selling were lifted, with the market focused on what Moscow's demand that its gas exports...

EU MPs set to tighten up on crypto transfers

2022-04-01 00:00:00

LONDON, Mar 31 (Reuters): European Union (EU) lawmakers were set on Thursday to back tougher safeguards for transfers of bitcoin and other cryptocurrencies, in the latest sign that regulators are tightening up on the freewheeling sector.Two committees in the European...

Five state-owned banks signed a syndicated term loan facility of Tk 30324.30 million for Bashundhara Gold Refinery

2022-04-01 00:00:00

Five state-owned banks signed a syndicated term loan facility of Tk 30324.30 million for Bashundhara Gold Refinery Limited at a city hotel on Wednesday. Bashundhara Group Chairman Ahmed Akbar Sobhan was present as the chief guest at the event. Chairman...

IIFC holds 22nd AGM

2022-04-01 00:00:00

The 22nd Annual General Meeting of the Infrastructure Investment Facilitation Company (IIFC) was held virtually on Wednesday, with Fatima Yasmin, Chairman, IIFC and Secretary, Economic Relations Division, in the chair, says a press release.Mohammed Mezbah Uddin Chowdhury, Secretary, Ministry of...

Workshop on industrial rooftop solar system

2022-04-01 00:00:00

Infrastructure Development Company Limited (IDCOL) organised a workshop on installation of rooftop industrial solar systems at a hotel in the capital recently. The objective of the workshop was to promote rooftop solar technology among the suppliers of H&M, according to...

President lays foundation stone of Sheikh Kamal IT Centre

2022-04-01 00:00:00

President Md Abdul Hamid has laid the foundation stone of Sheikh Kamal IT Training and Incubation Centre in Kishoreganj, said a press release.The president unveiled the foundation stone plaque of the centre at Mahinda adjacent to Sadar Upazila Parishad on...

BIAC training on Alternative Dispute Resolution

2022-04-01 00:00:00

As part of its regular activities, the Bangladesh International Arbitration Centre (BIAC) in collaboration with Accord Chambers held two daylong training courses on 'Alternative Dispute Resolution (ADR)' this week, says a press release. The training sessions, held at the BIAC...

Plastic industry demands import duty, VAT waiver

FE REPORT | 2022-04-01 00:00:00

The country's plastic goods manufacturers have sought necessary fiscal supports in the upcoming national budget to facilitate smooth growth of the sector. To this effect, they placed a set of proposals to the government such as a waiver of import...

HK retail sales fall 14.6pc

2022-04-01 00:00:00

HONG KONG, Mar 31 (Reuters): Hong Kong's retail sales fell in February after 12 straight months of growth as a wave or Covid-19 infections hit the city and anti-epidemic measures weakened consumer sentiment and reduced the numbers of people going...

Gold price set to post biggest quarterly gain

2022-04-01 00:00:00

SINGAPORE, Mar 31 (Reuters): Gold was on course to post its biggest quarterly gain since September 2020 as the safe-haven metal's appeal was lifted by the Russia-Ukraine conflict and concerns over sky-high inflation.However, by 1129 GMT on Thursday, spot gold...

Oil prices dive as US considers record reserves release

2022-04-01 00:00:00

LONDON, Mar 31 (Reuters): Oil prices plunged on Thursday on news that the United States was considering the largest ever release from its Strategic Petroleum Reserve, while OPEC+ stuck to its existing deal for May output.Brent crude futures for May,...

Ronaldo, Messi to learn World Cup last dance partners

2022-04-01 00:00:00

DOHA, Mar 31 (Reuters): Cristiano Ronaldo and Lionel Messi will learn on Friday their opponents for what is almost certainly their last World Cup finals when the draw is made for November's tournament in Qatar.The two biggest names in the...

FIFA heads for record $7b revenues

2022-04-01 00:00:00

DOHA, Mar 31 (AFP): FIFA is on target to reap record revenues of seven billion dollars on the back of this year's Qatar World Cup, president Gianni Infantino said Thursday as experts predicted a long-term financial boom for football.Infantino told...

BD to host SL for two Tests in May

2022-04-01 00:00:00

Sri Lanka is set to tour Bangladesh for a two-match Test series, to be played in May 2022. The Test series is set to be part of the 2021-23 ICC Test Championship cycle, reports Cricbuzz.The Sri Lankan team will arrive...

Holders England face Australia in Women's WC final April 3

2022-04-01 00:00:00

CHRISTCHURCH, New Zealand, Mar 31 (AFP): England continued their fairytale revival at the Women's World Cup Thursday when Danni Wyatt's century set up a 137-run semi-final thrashing of South Africa to set up a final showdown with Australia.Wyatt's outstanding 129,...

Qatar World Cup 2022 countdown begins today

2022-04-01 00:00:00

DOHA, Mar 31 (AFP): The countdown towards the most controversial World Cup in history really begins on Friday as the draw for Qatar 2022 takes place in Doha, less than eight months before the start of the tournament itself.As pandemic...

Tigers hit back after South Africa start well in 1st Test

2022-04-01 00:00:00

DURBAN, South Africa, Mar 31 (AFP): Bangladesh hit back with three wickets during the first afternoon of the first Test against South Africa at Kingsmead on Thursday.South Africa were 153 for three at tea after being sent in on a...

Prosecutor asks to transfer Khashoggi case to S Arabia

2022-04-01 00:00:00

ISTANBUL, Mar 31 (AFP): A Turkish prosecutor asked an Istanbul court to dismiss a case into the gruesome murder of Riyadh critic Jamal Khashoggi and transfer it to Saudi Arabia, local media reported on Thursday.The development comes as Turkey is...

Russia, Ukraine foreign ministers could meet soon, says Turkey

2022-04-01 00:00:00

ISTANBUL, Mar 31 (AFP): Russian Foreign Minister Sergei Lavrov and his Ukrainian counterpart Dmytro Kuleba could meet within two weeks for talks, Turkey said Thursday, after hosting negotiators from both sides earlier this week."There could be a higher-level meeting, at...

Halt worsening Afghan crisis: UN

2022-04-01 00:00:00

GENEVA, Mar 31 (AFP): The United Nations urged the world to stand by Afghanistan at a pledging conference on Thursday where it is seeking a record $4.4 billion in humanitarian assistance to the broken country.The Taliban seized power in Afghanistan...

2 Palestinians killed in gun battle

2022-04-01 00:00:00

JERUSALEM, Mar 31 (AP): Israeli forces raided a refugee camp in the occupied West Bank early Thursday, setting off a gun battle in which two Palestinians were killed and 15 were wounded, the Palestinian Health Ministry said.In a separate incident,...