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HC stays suspension order for Dinajpur Mayor Jahangir

FE REPORT | 2023-11-22 00:00:00

The High Court on Tuesday stayed for one month the effectiveness of a notification issued by the Local Government Ministry suspending Dinajpur Municipality Mayor Syed Jahangir Alam, who was recently sentenced to one month jail by the Appellate Division in...

BNP men being sentenced without following due process of law

FE REPORT | 2023-11-22 00:00:00

Leaders of the Bangladesh Jatiyatabadi Ainjibi Forum (BJAF), a platform of the pro-BNP lawyers, have alleged that BNP leaders and activists are being sentenced in haste without following due process of law. The responsible leaders of BNP are being punished...

Cricketer Shakib Al Hasan submitted three nomination forms

2023-11-22 00:00:00

Cricketer Shakib Al Hasan submitted three nomination forms to the Awami League central office at Bangabandhu Avenue on Tuesday as he seeks to contest parliamentary election in any of the three constituencies-Magura-1, Magura-2 and Dhaka-10 — Focus Bangla

Action against those who spread rumours abroad, warns Hasan

2023-11-22 00:00:00

Information and Broadcasting Minister and Awami League Joint General Secretary Dr Hasan Mahmud on Tuesday said that legal action is being taken against the persons who are spreading anti-state rumours at home and abroad, reports BSS.It is very regretful that...

Miscreants hurled crude bombs at Mirza Abbas' house

2023-11-22 00:00:00

Unidentified miscreants on Tuesday hurled two crude bombs at the Shahjahanpur house of BNP Standing Committee member Mirza Abbas who has been staying in jail since his arrest on October 31, reports UNB.The security personnel of the house said two...

Khaleda Zia's advisor Habibur Rahman held

2023-11-22 00:00:00

Members of Rapid Action Battalion (RAB) have arrested BNP Chairperson Khaleda Zia's advisor and the party's Vice Chairman Md Habibur Rahman Habib, reports UNB.RAB arrested the BNP leader from Dhaka's Mirpur DOHS area early today in connection with a case...

AL's nomination form collection, submission end amid enthusiasm

2023-11-22 00:00:00

The Awami League's nomination form collection and submission for the 12th Jatiya Sangsad election ended on Tuesday amid festivity and enthusiasm, reports BSS.Aspirant candidates submitted their forms after filling up those at the party's Bangabandhu Avenue central office here.The entire...

Dubai Taxi sets IPO price range, valuing company at up to $1.25b

2023-11-22 00:00:00

DUBAI, Nov 21 (Reuters): Dubai Taxi Company (DTC) on Tuesday kicked off the subscription period for its upcoming initial public offering (IPO), and announced a price range for the offering, which would value it at up to 4.6 billion dirhams...

Japan's inflation comeback prompts investors to tear up old playbooks

2023-11-22 00:00:00

LONDON/TOKYO, Nov 21 (Reuters): Global inflationary forces are finally seeping into Japan's economy after decades of falling prices, forcing investors to radically rethink their Japan bets as the Bank of Japan considers a major policy shift.International investors, who have long...

European shares muted as investors await Fed minutes for policy outlook

2023-11-22 00:00:00

European shares were subdued on Tuesday as declines in telecom and energy stocks offset gains in materials, while investors awaited minutes from the Federal Reserve's latest meeting to support bets that policymakers are done with interest rate hikes, reports Reuters.The...

Reliance plans to invest $2.4b in West Bengal

2023-11-22 00:00:00

Mumbai, Nov 21 (Reuters): India's Reliance Industries plans to invest 200 billion rupees ($2.40 billion) in eastern state of West Bengal over next three years to expand Reliance's telecom, retail, energy businesses in the state, Chairman Mukesh Ambani said on...

US demand for new credit down in 2023: NY Fed survey

2023-11-22 00:00:00

NEW YORK, Nov 21 (Reuters): Demand for new credit in the US over the last year has declined and will likely stay soft in the future, according to a survey released on Monday by the New York Federal Reserve.There was...

ISLAMI BANK WORKSHOP ON 'CYBER SECURITY PROTECTION'

2023-11-22 00:00:00

Islami Bank Bangladesh PLC organised a training workshop titled 'Cyber Security Protection' for agent banking officials on a virtual platform on Monday. Additional Managing Director of the bank Muhammad Qaisar Ali addressed the programme as the chief guest while Senior...

SBCCI HOLDS 12TH AGM

2023-11-22 00:00:00

The 12th AGM of the Switzerland-Bangladesh Chamber of Commerce and Industry (SBCCI) was held recently. SBCCI President Engr. Abdur Rashid presided over the AGM while Swiss Ambassador Reto Renggli was present as the chief guest. Vice President of SBCCI Vidiya...

226th Matlab Uttar, Chandpur branch of UCB inaugurated

2023-11-22 00:00:00

The 226th Matlab Uttar, Chandpur branch of United Commercial Bank (UCB) was inaugurated on Tuesday. Arif Quadri, managing director and CEO of UCB, inaugurated the branch as the chief guest.

Modhumoti Bank signed agreement with digital banking platform upay

2023-11-22 00:00:00

Modhumoti Bank Limited has recently signed an agreement with digital banking platform upay at the head office of the bank. Md Shafiul Azam, managing director and CEO of Modhumoti Bank, and ATM Tahmiduzzaman, member of the board of directors of...

A ceremony on "Debut Trading and Ring the Bell" & "Signing of Listing Agreement" of Mercantile Bank Perpetual Bond

2023-11-22 00:00:00

A ceremony on "Debut Trading and Ring the Bell" & "Signing of Listing Agreement" of Mercantile Bank Perpetual Bond of Tk.50.00 crore (Public Offer Portion) was held on Tuesday at the Training Academy of the DSE, Dhaka. Ashim Kumar Saha,...

Stabilisation Fund ponders taking help from bank

FE REPORT | 2023-11-22 00:00:00

Capital Market Stabilisation Fund (CMSF) has backtracked on its decision to disburse loans to market intermediaries in absence of any legal framework, but contemplates giving loans through a scheduled bank. In March, it made the decision to provide cheap loans...

Construction expo kicks off tomorrow

2023-11-22 00:00:00

The 7th edition of Bangladesh BUILDCON 2023, an international trade show for the building & construction industry, will kick off in Dhaka tomorrow (Thursday). ASK Trade & Exhibitions Pvt Ltd. jointly with Futurex Trade Fair & Events Pvt Ltd. has...

IFIC Bank hosts financial literacy programme

2023-11-22 00:00:00

IFIC Bank, the largest bank in the country with 1300+ branches and sub-branches, is actively fostering economic self-reliance among women through a range of multi-dimensional activities in their daily lives.IFIC Bank has recently conducted financial literacy programme at its Akahura,...

Traders seek buffalo meat imports from India despite red meat surplus

FE REPORT | 2023-11-22 00:00:00

Despite Bangladesh recording a surplus in red meat production in the last fiscal year, local importers and traders are pressing the authorities for buffalo meat imports from India.Over a dozen local importers, including Chasse Gallery, Agrol and Darbar Matsho Arot,...

Banglalink clocks double-digit growth

FE REPORT | 2023-11-22 00:00:00

Telecoms carrier Banglalink announced its sixth consecutive quarter of double-digit growth, solidifying its position as a credible national player.In Q3, Banglalink's year-on-year (YoY) revenue grew by 15.1 per cent to BDT 15.88 billion, indicating the trust and preference of its...

Prime Minister Sheikh Hasina visits stall of LHBL at Investment Expo

2023-11-22 00:00:00

Prime Minister Sheikh Hasina visits the stall of LafargeHolcim Bangladesh Limited (LHBL) at the Investment Expo organised by the FICCI on the occasion of its 60 years at a city hotel on November 19. During her visit, LHBL CEO Mohammad...

Helal Ahmed Chy elected chairman of BA Express USA

FE DESK | 2023-11-22 00:00:00

Bank Asia Limited Independent Director Helal Ahmed Chowdhury has recently been elected as the chairman of BA Express USA Inc, a money transfer company owned by the bank, according to a statement. Mr Chowdhury is a veteran banker with over...

Forex shock reduces United Power profit by 38pc in Q1

FE REPORT | 2023-11-22 00:00:00

United Power Generation & Distribution Company saw its profit plunge 38 per cent year-on-year to Tk 1.84 billion in the first quarter through September, mainly due to a significant loss in foreign currency transactions. The leading power generation company's revenue...

Square Pharma eyes expansion by setting up subsidiary in Philippines

FE REPORT | 2023-11-22 00:00:00

Square Pharmaceuticals is going to invest $2.5 million to set up a subsidiary in the Philippines to grab a higher share of the country's drug market. The subsidiary, Samson Pharma Inc is expected to begin its operations by April 2024,...

Umar Gul, Saeed Ajmal appointed Pakistan bowling coaches

2023-11-22 00:00:00

ISLAMABAD, Nov 21 (AP): The Pakistan Cricket Board appointed former international players Umar Gul and Saeed Ajmal as bowling coaches for the national team on Tuesday.Gul will be the fast bowling coach while Ajmal will handle the spin bowlers. Both...

Bangladesh's Sheikh Morsalin celebrating after scoring a goal

2023-11-22 00:00:00

Bangladesh's Sheikh Morsalin celebrating after scoring a goal against Lebanon in their World Cup Qualifiers match at the Bashundhara Kings Arena on Tuesday. Bangladesh hold Lebanon to a 1-1 draw — Collected

Holders Italy secure Euro 2024 place

2023-11-22 00:00:00

PARIS, Nov 21 (AFP): Reigning champions Italy secured their ticket for Euro 2024 on Monday after holding on for a nervy goalless draw against Ukraine in their final qualifier, while the Czech Republic and Slovenia also clinched places at next...

WC in India sets all-time tournament attendance record of 1.25 million

2023-11-22 00:00:00

NEW DELHI, Nov 21 (Agencies): The Cricket World Cup attracted a tournament-record 1.25 million spectators during the 6 1-2-week event which ended Sunday with Australia beating India by six wickets for its sixth title.The ICC said on Tuesday that the...