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Symphony will help raise tech exports, says Palak

2022-04-18 00:00:00

Due to the decision of Prime Minister Sheikh Hasina, Bangladesh has now established itself as a digitally recognised country in the world as an exporter of digital devices through the production of smartphones. Symphony will lead the mission of building...

Despite BB instruction, banks are shy of capital market investment

2022-04-18 00:00:00

Though the investment volume of banks in the capital market has increased, many are still far away from their investment limit, reports UNB.Despite the policy relaxation and enforcement of Bangladesh Bank (BB), 36 out of 61 scheduled banks of the...

Bengal Islami Life Ins to use bKash Payroll Solution

2022-04-18 00:00:00

Bengal Islami Life Insurance Ltd will use bKash payroll solution to disburse salaries, commissions and other allowances to their employees.An agreement has been signed between bKash and Bengal Islami Life Insurance Ltd in this regard recently. M M Monirul Alam,...

DBH shareholders approve 25pc dividend and name change proposal

2022-04-18 00:00:00

The shareholders of Delta Brac Housing Finance Corporation Ltd. (DBH) unanimously approved 25 per cent dividend (15% cash & 10% Stock) for the year ended December 31, 2021 as proposed by the Board of Directors, says a press release.In addition,...

Jute Spinner's price keeps rising despite huge losses

FE REPORT | 2022-04-18 00:00:00

Jute Spinners, a junk stock, incurred a net loss of Tk 55.25 million in nine months for July 2021 to March 2022 while the company's accumulated loss stood at Tk 741 million.The company has reported loss of Tk 32.50 per...

DSE turnover tumbles below Tk 4.0b mark

FE REPORT | 2022-04-18 00:00:00

Stocks slipped into the red on Sunday, after a single-day break, with turnover on the Dhaka Stock Exchange tumbling below Tk 4.0 billion-mark, as prolonged pessimism kept investors inactive.Turnover, the crucial indicator of the market, came down to Tk 3.94...

News in Brief --(2022-04-18)

2022-04-18 00:00:00

Migrants' boat capsizes off Libyan coastTRIPOLI, Apr 17: A small wooden boat carrying about 35 migrants capsized off the Libyan coast and six bodies have been retrieved, the International Organisation for Migration (IOM) said on Saturday. The 29 others are...

Migrant dead after shooting at Turkey border

2022-04-18 00:00:00

ATHENS, Apr 17 (AFP): A woman migrant has been found dead after shooting erupted as she and others tried to cross into Greece from Turkey by boat, Greek police told AFP on Sunday.The incident occurred late on Saturday on the...

Political prisoners not included

2022-04-18 00:00:00

YANGON, Apr 17 (AFP): Families of detained Myanmar protesters had their hopes dashed Sunday after political prisoners were not included in some 1,600 people released by the junta to mark the Buddhist new year.The Southeast Asian country has been in...

EU anti-fraud body accuses Le Pen of graft

2022-04-18 00:00:00

PARIS, Apr 17 (AFP): The EU's anti-fraud body has accused French far-right leader Marine Le Pen and associates of embezzling around 600,000 euros during their time as MEPs, French website Mediapart said Saturday, quoting a new report.The allegations come just...

Macron to work for environment if re-elected

2022-04-18 00:00:00

MARSEILLE, Apr 17 (AFP): President Emmanuel Macron promised to put the environment at the heart of his government if he is re-elected next weekend, in a speech in southern France on Saturday designed to appeal to young and green-minded voters.Macron...

10 protesters injured in Al-Aqsa clashes

2022-04-18 00:00:00

JERUSALEM, Apr 17 (AFP): Clashes between Palestinian demonstrators and Israeli police wounded ten protesters on Sunday morning in and around Jerusalem's flashpoint Al-Aqsa Mosque compound, the site of major clashes two days earlier.Early on Sunday morning, "hundreds" of Palestinian demonstrators...

Johnson to visit India to boost defence ties

2022-04-18 00:00:00

LONDON, Apr 17 (BBC): Prime Minister Boris Johnson is set to make a long-delayed trip to India this week in a bid to strengthen security ties with the country.He will meet his counterpart Narendra Modi in New Delhi on Friday,...

Unrest sparked by anti-Islam group continues in Sweden

2022-04-18 00:00:00

HELSINKI, Apr 17 (AP): Unrest broke out in southern Sweden late Saturday despite police moving a rally by an anti-Islam far-right group, which was planning to burn a Quran among other things, to a new location as a preventive measure.Scuffles...

Talking to Putin achieves nothing: Draghi

2022-04-18 00:00:00

ROME, Apr 17 (AFP/ Reuters): Italian Prime Minister Mario Draghi complained in a newspaper interview on Sunday that the diplomatic efforts by the West to persuade Russian President Vladimir Putin to halt the war in Ukraine had so far led...

Morocco considers onshore, offshore options for LNG import facility

2022-04-18 00:00:00

RABAT, Apr 17 (Reuters): Morocco is studying options at several ports to build a floating or land-based facility to import liquefied natural gas (LNG), Energy Minister Leila Benali said on Friday.Morocco relied for much of its gas needs - about...

Libya oil firm announces closure of major oil field

2022-04-18 00:00:00

TRIPOLI, Apr 17 (AFP): Libya's National Oil Corporation announced Sunday the closure of production at a major oil field in the country's south, declaring a "force majeure"."On Saturday... the Al-Fil field was subjected to arbitrary closure attempts, due to the...

Higher gasoline prices flatter US retail sales

2022-04-18 00:00:00

WASHINGTON, Apr 17 (Reuters): US retail sales increased solidly in March, boosted by record- high gasoline prices, but consumers are starting to feel the pinch of high inflation, with online spending posting back-to-back declines for the first time in more...

Protesters shout slogans

2022-04-18 00:00:00

Colombo: Protesters shout slogans during an ongoing anti-government demonstration near the president's office here on Sunday demanding President Gotabaya Rajapaksa’s resignation over the country's crippling economic crisis — AFP

Dubai takes a big swing at crypto business

2022-04-18 00:00:00

DUBAI, Apr 17 (Arab News): Binance Holdings, the largest crypto exchange by trading volume, will offer its products to top institutions and accredited investors in the first phase of its operation in Dubai, the regional head of MENA, Richard Teng,...

KSA holdings of US treasuries slip to $116.7b

2022-04-18 00:00:00

RIYADH, Apr 17 (Arab News): Saudi holdings of US treasuries slipped to $116.7 in February, according to data released by the US treasury.The figure reflects a decrease of around $2.7 billion when compared to January this year.Among the largest holders...

Saudi mega projects set to revive cement industry in 2022

2022-04-18 00:00:00

RIYADH, Apr 17 (Arab News): A surge in construction activities due to The Red Sea Development Co., AMAALA and other development projects in Saudi Arabia such as NEOM and Qiddiya is expected to drive the recovery of the cement industry...

China’s economic growth under threat as virus takes hold

2022-04-18 00:00:00

BEIJING, Apr 17 (AFP): The mounting cost of China's zero-Covid policy threatens to derail Beijing's ambitious GDP target, analysts say, as supply chains snarl, ports face delays and Shanghai remains mired in lockdown.Growth in the world's second-largest economy was already...

Standard Bank organised seminar on "Roll of Zakat in Poverty Alleviation"

2022-04-18 00:00:00

Standard Bank Limited organised a seminar on "Roll of Zakat in Poverty Alleviation" on a virtual platform recently. Coordinator of SBL Islami Bank Conversion Project, Head of Business Development & Head of SBL Shari`ah Secretariat Md. Mohon Miah presided over...

A day-long managers' conference

2022-04-18 00:00:00

A day-long managers' conference alongside a business review meeting-2022 for Mymensingh Division of Bangladesh Krishi Bank (BKB) was held at National Academy for Primary Education (NAPE) recently. Managing Director Md. Ismail Hossain addressed the conference as chief guest. Deputy Managing...

BTCL launches prepaid services for high speed internet, telephone

2022-04-18 00:00:00

Bangladesh Telecommunications Company Limited (BTCL) launched prepaid services for its customers on Sunday to ensure high speed internet and telephone services, reports UNB.Posts and Telecommunications Minister Mustafa Jabbar inaugurated the services at BTCL's Easkaton office.Managing director of BTCL Rafiqul Matin...

Govt reconstitutes 42 teams to monitor essentials market

FE REPORT | 2022-04-18 00:00:00

The government has reconstituted 42 teams that are already working to monitor the price movements and prevent abnormal situations in the city markets, officials said.The government intends to closely monitor the price situation with a view to keeping the prices...

Remove barriers to boost trade with India

FE REPORT | 2022-04-18 00:00:00

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has requested that export-import related trade and tariff barriers with India be removed, in order to save time and cost and also boost bilateral business with the neighbouring country. BGMEA President Faruque Hassan...

BIAC, MIAC sign cooperation deal

2022-04-18 00:00:00

A cooperation agreement was concluded between the Bangladesh International Arbitration Centre (BIAC) and the Maldives International Arbitration Center (MIAC), with effect from April 13, says BIAC in a statement.The parties have agreed to establish a framework for the two organisations...

Exporters seek green signal on king prawn farming

2022-04-18 00:00:00

Khulna, Apr 17 (UNB): Bangladesh should go for commercial cultivation of vannamei species of shrimp or king prawn to capture the global market.The king prawn currently accounts for 80% of global market share, where Bangladesh has no presence.Bangladesh is falling...