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Stocks close week higher on renewed investor appetite

Stocks closed higher on Thursday, the last session of the week, extending the gaining streak for the third consecutive session, as investors showed their buying appetite for specific issues in the major sector.The Dhaka Stock Exchange (DSE) opened on a positive note and its benchmark index, DSEX, continued its upward...

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Climate change costs BD 2.2pc of GDP each year

Experts have expressed concerns over the possibility of poverty level going up due to the climate change effect combined with the Covid pandemic which will ultimately create a cyclical poverty and it will be difficult to lift people out of it. The average annual gross loss caused by climate change-induced...

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Floor area ratio too high for city, say experts

The floor area ratio (FAR) included in the Building Construction Rules 2008 is abnormally high, making it difficult to control population density in Dhaka, urban experts said. They also said the planning authority should work to protect collective interest and ensure livability of the city, not to serve the interest...

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Textile service week from Dec 06

The government will hold textile service week from December 06 aiming to flourish the sector. Facilitating clearance of imported textile machinery, correcting the ownership name, and recommending to the issuance of an import permit are among the services that are to be offered during the upcoming event which will continue...

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Dhaka Regency braces for wedding season

From selecting a beautiful venue to choosing a caterer, brides and grooms face a lot of decisions at the time of their wedding planning. So when it comes to celebrations and to make an occasion joyous with impeccable services, world-class cuisine, beautiful décor, Photo Sessions at Secret Garden Rooftop, and...

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ICAB gets new CEO

Former senior secretary of the Commerce Ministry Shubhashish Bose has joined the Institute of Chartered Accountants of Bangladesh (ICAB) as the Chief Executive Officer (CEO), reports UNB.According to the statement of ICAB released on Thursday, before discharging duty as the senior secretary of the Commerce Ministry, he was in charge...

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Shahjalal Islami Bank holds 799th EC meeting

The 799th meeting of the Executive Committee (EC) of Shahjalal Islami Bank Limited (SJIBL) was held recently at Corporate Head Office of the bank by maintaining proper hygiene and social distance, said a statement. The meeting was presided by Fakir Akhtaruzzaman, Vice-Chairman of the Executive Committee (EC) of the Bank....

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Modhumoti Bank handed over cheque to Bangladesh Red Crescent Society

Modhumoti Bank Limited handed over a cheque for Tk 1.2 million to Bangladesh Red Crescent Society, Dhaka City Unit in their Annual General Meeting held on Wednesday at CIRDAP Auditorium, Dhaka under the bank's CSR programme. In presence of Barrister Sheikh Fazle Noor Taposh, Chairman, Bangladesh Red Crescent Society, Dhaka...

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SIBL opened 55th Sub-branch at Budhata Bazar

Social Islami Bank Limited (SIBL) opened its 55th Sub-branch at Budhata Bazar, Assasuni, Satkhira on Wednesday. Managing Director & CEO Quazi Osman Ali inaugurated the Budhata Bazar Sub-branch as the chief guest through a virtual platform. Abu Naser Chowdhury, Md. Sirajul Hoque and Md. Shamsul Hoque, Deputy Managing Directors, and...

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A B M Mokammel Hoque Chowdhury inaugurated Chambal Branch

A B M Mokammel Hoque Chowdhury, Managing Director of Union Bank Limited, inaugurated the Chambal Branch, Banshkhali, Chattogram as the chief guest through a video conference from Head Office, Dhaka. Chairman of Banshkhali Upazila Parishad Chowdhury Mohammad Galib Sadli, Deputy Managing Directors of Union Bank Hasan Iqbal and Md. Nazrul...

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Is this a breakout for gold price or just an oversold rally?

Gold kicked off December with two consecutive daily gains, which pushed the precious metal above $1,830 an ounce on Wednesday, report agencies.Is this price action the start of a new bull run for gold, or is it just recovering after a steep drop last week?There is a mix of drivers...

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Dollar plumbs two-year lows, Aussie and Kiwi stabilise

LONDON, Dec 03 (Reuters) - The dollar index hit its lowest in more than two years on Thursday, while the euro held above $1.21, as signs of progress towards U.S. fiscal stimulus and optimism about COVID-19 vaccines kept investors upbeat even as the equity rally paused.Lawmakers in Washington have failed...

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US weekly jobless claims fall, still at very high levels

WASHINGTON, Dec 03 (Reuters): The number of Americans filing first-time claims for jobless benefits fell last week, but remained extraordinarily high amid widespread business restrictions to slow a rising tide of new COVID-19 infections and lack of additional fiscal stimulus.Initial claims for state unemployment benefits totaled a seasonally adjusted 712,000...

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News Briefs (04-12-2020)

S&P Dow Jones Indices to launch cryptocurrency indexes in 2021LONDON, Dec 3 : S&P Dow Jones Indices, a division of financial data provider S&P Global Inc, said on Thursday that it will launch cryptocurrency indices in 2021, making it the latest major finance company to enter the nascent asset class....

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Japan shares end near 29-yr peak

TOKYO, Dec 03 (Reuters): Japan shares held close to a 29-1/2-year high on Thursday as major countries moved closer to rolling out coronavirus vaccines, while hopes of more stimulus also boosted sentiment.The Nikkei 225 Index ended up a modest 0.03 per cent at 26,809.37, but settled near its highest since...

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