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Passengers unlikely to reap benefits of direct train service soon

Munima Sultana | 2022-05-09 00:00:00

Passengers are unlikely to get benefit from direct train service after launching the Dohazari-Cox's Bazar rail line in a couple of years as two key barriers still stand in the way of operating trains in a 10-kilometre rail corridor.The barriers...

Social welfare minister hospitalised

2022-05-09 00:00:00

Minister of Social Welfare Nuruzzaman Ahmed has been admitted to Rangpur Medical College Hospital with complaints of chest pain. He is 72, reports bdnews24.com.The minister attended an event in the Lalmonirhat's Aditmari Upazila of his constituency on Saturday night. On...

BNP committee to probe New Mkt violence

2022-05-09 00:00:00

The BNP has formed a three-member committee, headed by party Vice-Chair-man Netai Roy Chowdhury, to look into the recent clashes between a group of Dhaka College students and traders in the city's New Market area that claimed two lives, reports...

AL holds joint meet tomorrow

2022-05-09 00:00:00

Awami League (AL) will hold a joint meeting with its associate bodies' presidents and general secretaries as well as presidents and general secretaries of AL city north and south units at 11am tomorrow (Tuesday), reports BSS.AL General Secretary and Road...

USAID Deputy Administrator Coleman now in Bangladesh

2022-05-09 00:00:00

USAID's Deputy Admi-nistrator Isobel Coleman is now visiting Bangladesh as part of her tri-nation tour, reports UNB.After wrapping up her Bangladesh tour (May 7-11), she will travel to Thailand and Laos, according to USAID.During her Asian tour, she will assess...

Ex-lawmaker Shah Jikrul passes away

2022-05-09 00:00:00

Shah Jikrul Ahmad, the vice president of the Jatiya Samajtantrik Dal central committee, has died at the age of 73, reports bdnews24.com.The former Brahman-baria MP died at Bangabandhu Medical College Hospital in Gopalganj at 10:30 pm on Saturday, said his...

AL wants participatory elections: Hasan

2022-05-09 00:00:00

Information and Broadcasting Minister Dr Hasan Mahmud on Sunday said Awami League wants an election participated by all political parties of the country, including the BNP, reports BSS."We (AL) want BNP's participation in the next general election though the party...

BNP won't even join talks on polls until AL quits power

2022-05-09 00:00:00

BNP Secretary General Mirza Fakhrul Islam Alamgir on Sunday said their party even will not join any talks on the next parliamentary polls until the Awami League government quits power, reports UNB."I think there'll be no talks until the Awami...

BNP will face crisis if it doesn’t join polls: Quader

2022-05-09 00:00:00

Awami League General Secretary Obaidul Quader said Sunday if BNP does not participate in the next parliamentary elections, it will fall in crisis of existence, reports BSS."They (BNP) must join the next general polls to sustain their existence. We also...

News in Brief (2022-05-09)

2022-05-09 00:00:00

Over 100 migrants rescued at seaATHENS, May 08: Greece's coastguard on Sunday said it had rescued 106 migrants including many children from a half-sunken sailing boat on the Aegean Sea. A coastguard statement said the migrants were found late on...

Zimbabwe suspends bank lending to arrest currency decline

2022-05-09 00:00:00

HARARE, May 08 (Reuters): Zimbabwe's government on Saturday ordered banks to stop lending with immediate effect in a move Harare said was designed to stop speculation against the Zimbabwean dollar and was part of a raft of measures to arrest...

HDFC raises home loan interest rate

2022-05-09 00:00:00

MUMBAI, May 08 (Reuters): India's top housing finance firm HDFC Ltd said it would raise its retail prime lending rate on home loans by 30 basis points with effect from May 09, according to an exchange filing on Saturday.Several lenders...

Amazon fires senior managers tied to unionised warehouses

2022-05-09 00:00:00

NEW YORK, May 08 (The New York Times): After Amazon employees at a massive warehouse on Staten Island scored an upset union victory last month, it turned the union's leaders into celebrities, sent shock waves through the broader labour movement...

Xi warms up China’s economy, but virus narrows options

2022-05-09 00:00:00

BEIJING, May 08 (AFP): President Xi Jinping has offered state backing for tech, infrastructure and jobs to revive China's economy, but analysts warn growth will continue to wilt until Beijing drops its rigid virus controls.Two and a half years since...

Dr SM Mahfuzur Rahman exchanged views with branch managers

2022-05-09 00:00:00

Chairman of Janata Bank Limited Dr SM Mahfuzur Rahman exchanged views with branch managers of the bank working in Sylhet district at Sylhet divisional office of the bank on Thursday. He also held another meeting with the branch managers of...

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...