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Islami Bank Bangladesh organized Eid re-union

2022-05-09 00:00:00

Islami Bank Bangladesh Limited organized Eid re-union Sunday at Islami Bank Tower. Mohammed Monirul Moula, Managing Director and CEO of the Bank, addressed the programme as the Chief Guest.

Ford is selling 8m shares of Rivian

2022-05-09 00:00:00

Ford Motor is selling 8 million of its Rivian Automotive shares, with the insider lockup for the stock of the once high-flying electric vehicle maker is set to expire on Sunday, reports CNBC.The automaker currently owns 102 million shares of...

Nitol Insurance achieved Emerging Asia Insurance Award 2021

2022-05-09 00:00:00

Nitol Insurance Company Limited achieved Emerging Asia Insurance Award 2021 in three categories. The award ceremony programme was held in Kolkata, India. The Managing Director & Chief Executive Officer, Mr. S. M. Mahbubul Karim received the award.

EBL signed MoU with Ananta Real Estate

2022-05-09 00:00:00

Eastern Bank Ltd.( EBL) has signed a MoU with Ananta Real Estate Ltd, to offer home loan to its customers for purchasing property at the Ananta Terraces, an exclusive residential condominium project. M. Khorshed Anowar, DMD and Head of Retail...

ICMAB team meets CAG

2022-05-09 00:00:00

A delegation of the Institute of Cost and Management Accountants of Bangladesh (ICMAB) headed by its President Mr. Md. Mamunur Rashid FCMA called on Comptroller and Auditor General of Bangladesh Mr. Mohammad Muslim Chowdhury at his office on Sunday. ICMAB...

Wata Chemical EPS drops over 32pc in nine months

FE REPORT | 2022-05-09 00:00:00

Wata Chemicals witnessed a 32.56 per cent decline in its earnings per share (EPS) in nine months for July 2021 to March 2022 due to massive price hike of raw materials and increased cost of goods sold.In a filing with...

A. Rouf Chowdhury re-elected as chairman of Bank Asia

2022-05-09 00:00:00

Mr. A. Rouf Chowdhury has been re-elected as Chairman of Bank Asia at the 473rd meeting of the Board of Directors of the Bank held recently. He is the main sponsor of Bank Asia Ltd. Mr. Chowdhury is an eminent...

Jamuna Bank's business dev meeting in Rajshahi

2022-05-09 00:00:00

Jamuna Bank Ltd organised a two-day long zonal business development meetings.Director of the Bank Kanutosh Majumder, Md. Belal Hossain and Md. Ismail Hossain Siraji were present as special guests. During the discussion, some important decisions were taken to bring transparency...

BSEC gets first female commissioner

FE Report | 2022-05-09 00:00:00

Prof. Dr. Rumana Islam has joined the securities regulator as its first female commissioner.Dr. Islam on Sunday joined the Bangladesh Securities and Exchange Commission (BSEC) for a period of four years through a gazette notification issued by the financial institutions...

Stocks snap two-day losing streak --

FE REPORT | 2022-05-09 00:00:00

The market rebounded in the gaining streak on Sunday, snapping a two-day losing streak, as bargain hunters showed their buying interest on sector-wise stocks.The market opened higher and went through some volatility until the end of the session as many...

Danone reorganises Chinese assets, cuts ties with Mengniu

2022-05-09 00:00:00

PARIS, May 8 (Reuters): France's Danone said on Friday it would end its partnership with Chinese milk firm Mengniu by selling a 25 per cent stake it holds in milk powder maker Yashili as well as a 20 per cent...

AIIB considering $100m fund for Sri Lanka

2022-05-09 00:00:00

The China-backed Asian Infrastructure Investment Bank (AIIB) is considering granting $100 million in emergency support to Sri Lanka, the country's finance ministry said on Sunday, reports Reuters.Sri Lanka has requested foreign-exchange liquidity support for state banks from the lender, it...

Musk's $44b Twitter buyout challenged

2022-05-09 00:00:00

NEW YORK, May 08 (Reuters): Elon Musk and Twitter Inc were sued on Friday by a Florida pension fund seeking to stop Musk from completing his $44 billion takeover of the social media company before 2025.In a proposed class action...

Janata Bank posts record net profit in 2021

2022-05-09 00:00:00

By overcoming all challenges, the state-owned Janata Bank Ltd. has posted a net profit of over Tk 3.0 billion in 2021, as all financial indicators of the bank are on the upward trend.It is also the highest-ever net profit of...

Nine BD firms to join 'Texworld Paris'

2022-05-09 00:00:00

Nine Bangladeshi companies will take part in an International trade fair for the textile and fabric industry titled 'Texworld Paris' beginning in the French capital on July 4, reports BSS. The Bangladeshi firms will join the three-day expo through the...

Karnaphuli hydraulic study nearing completion

Nazimuddin Shyamol | 2022-05-09 00:00:00

CHATTOGRAM, May 08: The hydraulic survey of river Karnaphuli, twice hampered for coronavirus outbreak in last year and 2020, will be completed in July next.Once completed, the survey, titled 'Karnaphuli Hydrologic and Hydraulic Study, will open up a new development...

PTA with Bhutan may come into force from July

REZAUL KARIM | 2022-05-09 00:00:00

The Preferential Trade Agreement (PTA) between Bangladesh and Bhutan is expected to come into force from July 01 this year - more than one and a half years after signing a deal in this regard, said officials. On December 06,...

Kohli falls for 3rd golden duck in this IPL

2022-05-09 00:00:00

MUMBAI, May 08 (AFP): Virat Kohli on Sunday fell for his third golden duck this IPL season to extend the Indian superstar's grave batting slump.Opening the batting for Royal Challengers Bangalore against Sunrisers Hyderabad in Mumbai, Kohli flicked the ball...

Alcaraz downs Djokovic

2022-05-09 00:00:00

MADRID, May 08 (AFP): Carlos Alcaraz believes the sky is the limit after becoming the first player to beat Rafael Nadal and Novak Djokovic at the same tournament on clay as he stormed into the Madrid Open final on Saturday.The...

Liverpool stumble in title race

2022-05-09 00:00:00

LIVERPOOL, England, May 08 (AP): Frustration but no moaning from Jürgen Klopp, even after a title setback for Liverpool.Klopp's side being held 1-1 by tactically disciplined and defensively robust Tottenham on Saturday handed Manchester City an even greater initiative in...

Hasaranga's five-wkt haul seals Bangalore's crushing win

2022-05-09 00:00:00

MUMBAI, May 08 (AFP): Superstar cricketer Virat Kohli's miserable batting form extended with a third golden duck this IPL season on Sunday but his team Royal Challengers Bangalore hammered Sunrisers Hyderabad by 67 runs.Kohli got caught out first ball of...

Sri Lankan cricket team in city

2022-05-09 00:00:00

The Sri Lankan national cricket team arrived in Dhaka on Sunday noon, report agencies.The island nation will take part in a two-match Test series against hosts Bangladesh. The first Test of the series will be played in Chattogram from May...

Wheat harvest may decline by 35pc in Ukraine

2022-05-09 00:00:00

Wheat production in Ukraine is likely to be at least a third lower than in normal years, according to analysis of satellite images of the country.Ukraine is one of the world's biggest exporters of wheat, but the war is taking...

Nigerian flights to halt over jet fuel hikes

2022-05-09 00:00:00

Nigeria's airlines are to stop domestic operations from Today (Monday) in protest at the spiralling cost of jet fuel, reports BBC.It has risen almost fourfold this year, which was unsustainable, the Airline Operators of Nigeria (AON) said."No airline in the...

Global scramble for metals pushes Africa into mining spotlight

2022-05-09 00:00:00

JOHANNESBURG, May 8 (Reuters): The need to secure new sources of metals for the energy transition amid sanctions on top producer Russia has increased the Africa risk appetite for major miners, who have few alternatives to the resource-rich continent.Companies and...

Care home fire kills four in Bulgaria

2022-05-09 00:00:00

SOFIA, May 08 (AFP): A fire at a retirement home in eastern Bulgaria has killed four residents, police said Sunday, the latest blaze to strike a care home in the country.An 88-year-old woman and three men aged 73-78 died in...

Attack on checkpoint kills 11 Egyptian soldiers

2022-05-09 00:00:00

SINAI, May 08 (Reuters): One officer and 10 Egyptian soldiers were killed on Saturday in Egypt's Sinai peninsula when militants attacked a checkpoint at a water pumping station, an army spokesman and security sources said.It was one of the deadliest...

Pro-Beijing Lee becomes HK leader

2022-05-09 00:00:00

HONG KONG, May 08 (BBC): John Lee has been named Hong Kong's new leader, after a closed voting process in which he was the sole candidate.His appointment is being widely seen as a move by the Chinese government to tighten...

Falsehoods, social media lies rampant

2022-05-09 00:00:00

MANILA, May 08 (BBC): On Monday, voters in the Philippines will pick the nation's next president - amid a tide of falsehoods and social media lies."I consider myself a troll - or, politically speaking, I'm a social media marketing consultant."Jon...

King Salman admitted to hospital for medical tests

2022-05-09 00:00:00

DUBAI, May 08 (AP): Saudi Arabia's octogenarian monarch underwent medical tests on Sunday, state-run media reported, just weeks after he had the battery of his pacemaker changed.The report in the official Saudi Press Agency did not provide further details about...