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NEWS IN BRIEF__2025-06-20

2025-06-20 00:00:00

Man electrocuted in JhenaidahJHENAIDAH, June 19 : A man died after being electrocuted in Sarabaria area under Kaliganj upazila of the district on Thursday. The deceased was identified as Jahangir Hossain, 35, son of Akbar Biswas, a resident of Sarabaria...

Anti-tobacco training workshop held in Cumilla

2025-06-20 00:00:00

CUMILLA, June 19 (BSS): An anti-tobacco training workshop was held in the district on Thursday under the "Smoking and Tobacco Products Usage (Control) Act" which aims to reduce tobacco use and its negative health impacts.The workshop was organised by the...

Bangladeshi youth found hanging inside Indian territory near Sylhet border

2025-06-20 00:00:00

SYLHET, June 19 (UNB): The body of a Bangladeshi youth was found hanging from a tree inside Indian territory along Utmachhara border in Sylhet's Companiganj upazila on Thursday, triggering panic and concern in the border area.The deceased was identified as...

3-day Nat’l Fruit Fair begins in Magura

2025-06-20 00:00:00

MAGURA, June 19 (BSS): A three-day National Fruit Fair has begun in the district with the theme of "Eat more local fruits, plant more fruit trees."Deputy Commissioner Md. Ohidul Islam inaugurated the fair as the chief guest on Thursday on...

Waterlogging disrupts activities at Benapole land port

2025-06-20 00:00:00

BENAPOLE, June 19 (UNB): Persistent rainfall over three days till Thursday submerged a major portion of Benapole land port, severely disrupting activities at the country's biggest land port.Several yards and warehouses inside the port went under knee-deep water, halting cargo...

Rough weather triggers gas outage in Chandpur

OUR CORRESPONDENT | 2025-06-20 00:00:00

CHANDPUR, June 19: Around 20,000 subscribers of Bakhrabad Gas Distribution Ltd in Chandpur district have been encountering a lot of inconveniences since Wednesday as inclement weather caused sudden disruption of gas supply to dwelling houses. Consequent upon the gas outage,...

Gold little changed--

2025-06-20 00:00:00

Gold prices were little changed on Thursday as heightened geopolitical tensions offset pressure from the Federal Reserve's hawkish stance, while platinum slipped after scaling its highest level since September 2014, reports Reuters.Spot gold was down 0.1% at $3,365.79 an ounce...

IDCOL receives FinanceAsia Award

2025-06-20 00:00:00

Infrastructure Development Company Limited (IDCOL) has been awarded the 'Best Sustainable Bank - Bangladesh' at the FinanceAsia Awards 2025 in recognition of its pioneering role in financing climate-smart infrastructure, renewable energy, and green industrial transformation projects in the country. This...

Oil prices jump as Israel-Iran conflict enters seventh day

2025-06-20 00:00:00

LONDON, June 19 (Reuters): Oil prices rose on Thursday after Israel and Iran continued to exchange missile attacks overnight and US President Donald Trump's stance on the conflict kept investors on edge.Brent crude futures rose $1.06, or 1.4%, to $77.76...

US Fed keeps interest rates unchanged

2025-06-20 00:00:00

WASHINGTON, June 19 (AFP): The US Federal Reserve held interest rates steady for a fourth consecutive meeting Wednesday, forecasting higher inflation and cooler growth this year as President Donald Trump's tariffs begin to take hold and geopolitical uncertainty swirls.Fed Chair...

Rare earth access is EU's priority at China summit

2025-06-20 00:00:00

BRUSSELS/BEIJING, June 19 (Reuters): European Union leaders will use a summit with China next month to seek better access to Chinese rare earths and critical minerals, four sources familiar with the plans said, as the two sides tackle an array...

Invitation-only online platform launched

FE REPORT | 2025-06-20 00:00:00

The Japan External Trade Organization (JETRO) has launched a new online platform, "Japan Street," to help boost trade between Japan and Bangladesh.Japan Street is a special, invitation-only website that connects international buyers with a wide range of Japanese products. For...

Dutch-Bangla Bank holds 29th AGM

2025-06-20 00:00:00

Dutch-Bangla Bank PLC held its 29th Annual General Meeting (AGM) on a virtual platform on Thursday, with Sadia Rayen Ahmed, Chairman of the Board of Directors of the bank, in the chair, says a statement.A large number of shareholders virtually...

BRAC Bank AGM approves 25pc dividend

2025-06-20 00:00:00

The shareholders of BRAC Bank PLC have approved a 25 per cent dividend -- 12.5 per cent in cash and 12.5 per cent in stock -- for the year 2024. The approval came at the 26th Annual General Meeting (AGM)...

Sri Lanka seeks to strengthen relations with Bangladesh's private sector

2025-06-20 00:00:00

Deputy Foreign Minister of Sri Lanka Arun Hemachandra has expressed his country's keenness to strengthen relations with Bangladesh's private sector."Strengthening relations between the private sectors of both Bangladesh and Sri Lanka would enhance bilateral trade and investment," he said during...

Global uncertainty puts big central banks in a tight spot

2025-06-20 00:00:00

LONDON, June 19 (Reuters): Central banks are grappling with elevated uncertainty about economic growth and inflation, complicating decision-making, especially for those trying to calibrate policy as they near the end of their rate-cutting cycles.That's making life hard for investors too....

Google faces setback in EU android antitrust appeal

2025-06-20 00:00:00

LONDON, June 19 (AP): Google faced a big setback Thursday in its attempt to overturn a multibillion-dollar European Union antitrust penalty involving Android after a top court's legal adviser sided with regulators.The European Court of Justice's advocate general, Juliane Kokott,...

Global IPO activity slumps in 2025 as tariffs, volatility weigh

2025-06-20 00:00:00

Global equity IPOs have plunged this year, weighed down by heightened business uncertainty from US tariffs, elevated market volatility and higher interest rates that have raised funding costs and made listings less appealing for issuers, reports Reuters.According to LSEG data,...

PRAGATI INSURANCE HOLDS 39TH ANNUAL GENERAL MEETING

2025-06-20 00:00:00

Pragati Insurance Ltd. held its 39th Annual General Meeting on a digital platform on Thursday. Syed M. Altaf Hussain, Chairman of the company, presided over the AGM. Directors Khalilur Rahman, Mohammed Abdul Awwal, Md. Syedur Rahman, Md. Mushfiqur Rahman, Mohammed...

Shahjalal Islami Bank holds 898th EC meeting

2025-06-20 00:00:00

The 898th meeting of the Executive Committee (EC) of Shahjalal Islami Bank PLC (SJIB PLC) was held at the Corporate Head Office of the bank on Wednesday. The meeting was presided over by Akkas Uddin Mollah, the Chairman of Executive...

NRBC BANK BOARD MEETING HELD

2025-06-20 00:00:00

The 204th meeting of the Board of Directors of NRBC Bank was held at the bank's head office on Wednesday. Md. Ali Hossain Prodhania, Chairman of the bank, presided over the meeting. Independent Directors Md Abul Bashar and Md Anwar...

MTB INSPIRES ENVIRONMENTAL AWARENESS AMONG KIDS

2025-06-20 00:00:00

Mutual Trust Bank (MTB), in collaboration with Footsteps Bangladesh, launched a heartwarming initiative titled "Adopt a Plant" as part of its weeklong World Environment Day 2025 celebration. Held on June 2 at Kazifori Government Primary School and 21 No. Pallabi...

SOUTHEAST BANK ORGANISES AWARENESS PROGRAMME ON ANTI-MONEY LAUNDERING REGULATIONS

2025-06-20 00:00:00

Southeast Bank recently organised an awareness programme on the "Regulatory Framework for Prevention of Money Laundering and Terrorist Financing" at the bank's training institute in the capital. The programme was aimed at developing professional knowledge and ensuring strict compliance with...

Investors see quick stock market drop if US joins Israel-Iran conflict

2025-06-20 00:00:00

Financial markets may be in for a "knee-jerk" selloff if the US military attacks Iran, with economists warning that a dramatic rise in oil prices could damage a global economy already strained by President Donald Trump's tariffs, reports Reuters.Oil prices...

BD, Nepal seek stronger tourism ties through Bay-Himalaya link

2025-06-20 00:00:00

Nepalese Ambassador to Bangladesh Ghanshyam Bhandari has emphasised the vital role tourism and people-to-people connections play in Bangladesh-Nepal relations, reports UNB.He shed light on the growing ties between the two countries and called for greater efforts to ‘truly connect the...

RYZE campaign winners join Rainforest World Music Festival in Malaysia

2025-06-20 00:00:00

Six young Bangladeshis are set to embark on a journey to Malaysia's Rainforest World Music Festival, thanks to RYZE, the country's first AI-powered digital lifestyle brand. They earned their spot at the festival through a nationwide music-themed trivia contest hosted...

Experts urge sevenfold hike in climate adaptation budget

FE REPORT | 2025-06-20 00:00:00

Climate change experts and economists highlight a strong link between climate vulnerability and poverty, stressing that poverty eradication and climate action must go hand in hand for meaningful progress in Bangladesh.They also termed the current climate change adaptation spending-around 6.0...

Capital flight and bad assets stem from policy failures, not poor auditing: ICAB

FE REPORT | 2025-06-20 00:00:00

The Institute of Chartered Accountants of Bangladesh (ICAB) Thursday refuted the allegation that auditors are to blame for the country's capital flight, calling it misleading and unfounded. The professional body affirmed that the outflow of funds from the country and...

Coordination committee for developing market into long-term fund source

FE REPORT | 2025-06-20 00:00:00

The central bank governor and the chief of the securities commission have come to a consensus to form a coordination committee to work on developing the capital market into a source of long-term financing. Chairman of the Bangladesh Securities and...

Renata to offer preference shares to investors, fully convertible into equity

FE REPORT | 2025-06-20 00:00:00

Renata has decided to revise the terms for issuing preference shares worth Tk 3.25 billion to reduce its finance cost burden by paying off short-term bank loans.Previously, the features of the proposed preference shares were non-cumulative, non-participative, redeemable or fully...