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IDLC's new Chief Investment Officer

2022-05-11 00:00:00

Reza Ahmad has been appointed as the Chief Investment Officer of IDLC Finance Limited and the Lead Director of IDLC Investments Limited. Reza Ahmad brings with him, an extensive experience in the Banking Industry, with over 22 years of corporate...

Shanta Equity gets new CEO

2022-05-11 00:00:00

Mr. Rubayet-E-Ferdous has recently joined as the Chief Executive Officer (CEO) of Shanta Equity Limited (a full-fledged Merchant Bank),a concern of Shanta Group, said a statement.Prior to joining Shanta Equity, he worked for IDLC Investments Limited, a leading merchant bank...

Mr. Arif Quadri handing over Congratulations Crest to Mr. Abdul Haque

2022-05-11 00:00:00

Mr. Arif Quadri, Managing Director & CEO of United Commercial Bank Limited (UCB) handing over the Congratulations Crest to Mr. Abdul Haque, Managing Director of Haq's Bay Automobiles Ltd. and former president of Japan-Bangladesh Chamber of Commerce and Industry (JBCCI)...

Safwan Choudhury re-elected as vice chairman of Bank Asia

2022-05-11 00:00:00

Mr. Mohd. Safwan Choudhury has been re-elected as Vice Chairman of Bank Asia Ltd., at the 473rd meeting of the Board of Directors of the Bank held recently. He is a former President of Sylhet Chamber of Commerce & Industry....

SJIBL celebrates 21st anniversary

2022-05-11 00:00:00

Shahjalal Islami Bank Limited celebrated its 21st anniversary Tuesday. On the occasion of 21st anniversary of the bank, special Doa mahfil & Quran Khatam was organized on the day at all branches and sub-branches including the corporate head office. Doa...

BSEC okays draft prospectus of Investasia Growth Fund

FE REPORT | 2022-05-11 00:00:00

The stock market regulator has approved a draft prospectus of an open-end mutual fund named -Investasia Growth Fund.The approval came on Tuesday at a meeting held at the office of Bangladesh Securities and Exchange Commission (BSEC) which was presided over...

Stocks fall after two-day rise

FE REPORT | 2022-05-11 00:00:00

Stocks slipped into the red on Tuesday, snapping a two-day gaining streak, as the risk-averse investors opted for booking profit on quick-gaining issues in the final hour.Following the previous two days' gain, the market opened higher and the key index...

Large corporates to help business growth between USA, BD

FE DESK | 2022-05-11 00:00:00

Large corporates are instrumental in driving the businesses between USA and Bangladesh and both the countries vowed to march ahead to strengthen the economic ties between the two countries.Experts in a panel discussion titled 'U.S. & Bangladesh @ 50: Driving...

Foreign food delivery workers stage rare strike in Dubai

2022-05-11 00:00:00

Foreign food delivery workers in the United Arab Emirates staged a mass walk-out on Monday, calling for better pay and working conditions in a rare act of industrial action in the Gulf state, reports Reuters.The strike comes after foreign workers...

Gold firms as dollar rally pauses

2022-05-11 00:00:00

LONDON, May 10 (Reuters): Gold rose on Tuesday as the dollar in which it is priced steadied, prompting some investors to buy the metal ahead of US inflation data that could impact the Federal Reserve's monetary policy.Spot gold was up...

Oil drops as economic worries weigh

2022-05-11 00:00:00

LONDON, May 10 (Reuters): Oil prices fell in volatile trade on Tuesday as the market balanced impending European Union sanctions on Russian oil with demand concerns related to coronavirus lockdowns in China, a strong dollar and growing recession risks.Brent crude...

Dubai tops global rankings in attracting FDI projects

2022-05-11 00:00:00

RIYADH, May 10 (Arab News): Dubai led the global ranking for attracting foreign direct investments in 2021 with a record 418 greenfield projects, the Dubai Media Office reported.The city's international standing was up from third in 2022, the annual Dubai...

Germany, Qatar at odds over terms in talks on LNG supply deal

2022-05-11 00:00:00

LONDON, May 10 (Reuters): Germany and Qatar have hit difficulties in talks over long-term liquefied natural gas (LNG) supply deals amid differences over key conditions, including the duration of any contract, three people familiar with the discussions told Reuters.Germany, which...

Japan’s spending dips amid worries over surging prices

2022-05-11 00:00:00

TOKYO, May 10 (AFP): Japan's household spending dipped 2.3 per cent in March from a year earlier as the cost of fuel and other items surge, though the fall was smaller than expected.The decline was the first since December and...

India’s inflation surges to an 18-month high

2022-05-11 00:00:00

BENGALURU, May 10 (Reuters): India's retail inflation likely surged to an 18-month high in April, largely driven by rising fuel and food prices and staying well above the Reserve Bank of India's upper tolerance limit for a fourth consecutive month,...

Shimanto Bank contributed 5.0 per cent of CSR budget for 2022

2022-05-11 00:00:00

Shimanto Bank Ltd has contributed 5.0 per cent of its CSR budget for 2022 to the 'Prime Minister's Education Assistance Trust'. Rafiqul Islam, Managing Director & CEO (CC) of the bank, handed over a cheque for the amount to Kazi...

Karnaphuli ‘capital dredging to be complete in July’

Nazimuddin Shyamol | 2022-05-11 00:00:00

CHATTOGRAM, May 10: The capital dredging work of Karnaphuli River, which resumed last year after a pause for coronavirus outbreak, will be completed within mid-July, officials said. The Chittagong Port Authority (CPA) is the implementing agency of the Tk 2.42...

BD fails to utilise DFQF facility

REZAUL KARIM | 2022-05-11 00:00:00

Bangladesh has so far failed to derive any significant benefit from the duty-free and quota-free (DFQF) market access facility in China.The country could not increase its exports to the Chinese market as expected due to lack of exportable products, product...

US businesses want to be part of Bangladesh's development

2022-05-11 00:00:00

US business representatives have expressed their long-standing interest to be a part of Bangladesh's development and private sector transformation, reports UNB.They expressed their spirit of collaboration with Bangladeshi business and the Bangladesh government at the US-Bangladesh Business Summit jointly organised...

BD emerges as lucrative apparel sourcing destination

FE REPORT | 2022-05-11 00:00:00

With improved safety, compliance and Covid-recovery situation, Bangladesh has been a lucrative destination for global apparel buyers and retailers.The local readymade garment industry has also enhanced its production base in the last one decade, especially after the Rana Plaza building...

Woman 'beaten to death' in Jhenaidah

2022-05-11 00:00:00

JHENAIDAH, May 10 (UNB): A 40-year-old woman was beaten to death allegedly by her neighbours over a trifling matter in Berbinni village of Harinakundu upazila in Jhenaidah district on Tuesday morning.The deceased was identified as Asmani Khatun, wife of Amzad...

Two electrocuted in Natore

2022-05-11 00:00:00

NATORE, May 10 (UNB): Two people were electrocuted in Natore on Monday.The deceased were identified as Ratan Ali, 32, a resident of Hamlaikola village, and Milon Hossain, 28, of the Khacchop Bazar area in Gurudaspur upazila.Mizanur Rahman Suja, Biaghat Union...

Train crashes kill two in B'baria

2022-05-11 00:00:00

BRAHMANBARIA, May 10 (UNB): Two people were crushed under the wheels of separate trains in Alamnagar and Jatrapur areas in Ashuganj upazila of Barhmanbaria district on Tuesday.One of the deceased was identified as Kaiyum, 55, of Sylhet district, while identity...

Bumper Boro output likely in Rangpur region

2022-05-11 00:00:00

RANGPUR, May 10 (BSS): A bumper production of Boro paddy is likely in Rangpur agriculture region where harvest of the major cereal crop continues in full swing with excellent yield rate making farmers happy this season.Officials of the Department of...

Farmers look dejected

2022-05-11 00:00:00

Farmers look dejected as they sell watermelon at low prices. The photo was taken from Boraigram upazila of Natore district on Tuesday — Focus Bangla

'No visible progress in Rohingya repatriation'

2022-05-11 00:00:00

No visible progress has been made in the repatriation of displaced Rohingyas to their homeland Myanmar, said State Minister for Disaster Management and Relief Dr Enamur Rahman on Tuesday, reports UNB."We sat in a meeting last month and a list...

Farmers urged to cultivate BRRI dhan-84 in Rajshahi

2022-05-11 00:00:00

RAJSHAHI, May 10 (BSS): Agri-researchers and officials have urged the farmers to bring more lands under BRRI dhan-84, a zinc-enriched and drought-tolerant paddy variety, in the Rajshahi region, including its vast Barind tract, during the Boro season.They told the grassroots...

Tourists stay on Cox's Bazar beach defying Asani warning

OUR CORRESPONDENT | 2022-05-11 00:00:00

COX'S BAZAR, May 10: More than fifty thousand tourists now spend their time in the Cox's Bazar beach in defiance of a ban imposed by the district administration.The district administration has banned tourists' arrival on the Cox's Bazar beach as...

News in Brief (2022-05-11)

2022-05-11 00:00:00

Afghan women protest Taliban decree KABUL, May 10: About a dozen women protested in the Afghan capital on Tuesday against the Taliban's new edict that females must fully cover their faces and bodies when in public. Afghanistan's supreme leader and...

Marcos junior wins Philippine presidency

2022-05-11 00:00:00

MANILA, May 10 (AFP): The son of late Philippine dictator Ferdinand Marcos cemented a landslide presidential election victory Tuesday, after Filipinos bet a familiar but tainted dynasty could ease rampant poverty -- while dismissing warnings the clan's return will deepen...