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Stocks break two-day losing streak riding on insurers

Stocks edged higher on Tuesday, snapping a two-day losing streak, as bargain hunters put fresh bet on insurance issues riding on regulatory moves.DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 19.08 points or 0.32 per cent to settle at 5,820, after losing 108 points in...

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Energypac Power halted few minutes into transaction

Energypac Power Generation's trading was halted within a few minutes of transaction on the debut trading on Tuesday as investors rushed to buy its shares, but sellers were reluctant.Only five tradeswere executed on the Dhaka Stock Exchange (DSE) on the debut trading day with trading volume of 805 shares as...

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Jamuna Bank signs MoU with ISU

Jamuna Bank and International Standard University (ISU) signed an MoU on payroll service recently. Managing Director and CEO of Jamuna Bank Limited Mirza Elias Uddin Ahmed & Vice-Chancellor of ISU Professor Dr. Abdul Auwal Khan signed the agreement on behalf of their respective organisations.Under the agreement ISU employees and students...

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NCC Bank's 9th EGM held

National Credit and Commerce Bank Ltd conducted its 9th Extra-ordinary General Meeting (EGM) through a digital platform on Monday, said a statement. To comply with the condition of Bangladesh Bank regarding issuances of NCC Bank Perpetual Bond worth of Tk. 5.0 billion, the members of the bank accorded their approval...

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Asiatic Mindshare celebrates 20th anniversary

Asiatic Mindshare Ltd celebrated their 20th anniversary on Tuesday with 'Tribute to Aly Zaker'. Employees celebrated the day through various programmes including screening of drama starring by Aly Zaker, documentary made by Aly Zaker and by reading tribute note for Aly Zaker. Calling it the 'Purple Day', everyone wore various...

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SIBL arranged 'Annual Risk Conference-2021'

Social Islami Bank Limited (SIBL) arranged 'Annual Risk Conference-2021' through a virtual platform recently. Md. Kamal Uddin, Chairman of the Risk Management Committee of the bank, was the chief guest while Quazi Osman Ali, Managing Director & CEO of the bank, presided over the programme.

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“Govt anti-poverty steps needed to be implemented”

Professor Dr. Md. Salim Uddin, FCA, FCMA, Chairman, Executive Committee of Islami Bank Bangladesh Limited and Chairman, Bangladesh House Building Finance Corporation said that 'measures taken by the government need to be implemented to alleviate poverty in the country'. He said this at a webinar titled 'SDG-1 No Poverty and...

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BGMEA moves to prepare members' database

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has initiated a move to prepare a biometric database of its member-factory owners, aiming to ensure speedy and smooth services digitally.The apex apparel sector trade body, in a circular issued on Monday, asked all its members to provide their biometric data, including fingerprint,...

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Tamim teams up with MILO

Tamim Iqbal, the best opening batsman, has been roped in as the brand ambassador of MILO, world's No. 1 cocoa malt beverage, says a statement. Milo, a Nestlé brand, announced Bangladesh ODI Captain Tamim as its brand ambassador at a function on Monday. MILO contains a unique blend of malt,...

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Al-Khalaf new chair of WB audit committee

JEDDAH, Jan 19 (Arab News): Members of the World Bank Group (WBG) executive board have unanimously selected Saudi representative Abdulmuhsen Al-Khalaf as chair of the group's audit committee.Al-Khalaf is the executive director representing the Kingdom and has been in the position since November.Prior to that, he served as alternate executive...

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AKCMH free eye camp in Natore

Amjad Khan Chowdhury Memorial Hospital (AKCMH) organised a free eye camp for people in Natore in collaboration with Sandhani National Eye Donation Society, said a press release. The free eye treatment camp was held at AKCMH at Chandpur of Natore Sadar Upazila on Friday.Doctors have treated nearly 400 eye patients...

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News Briefs (20-01-2021)

Credit ratingPrime Insurance Company: Credit Rating Information and Services Ltd (CRISL) informed that the rating committee of CRISL has assigned the CPA (Claim Paying Ability) rating of Prime Insurance Company Limited as "AA-" along with a stable outlook in consideration of audited financials of the company up to December 31,...

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DSE/CSE News in Brief (20-01-2021)

Disbursement of dividend GBB Power: GBB Power Ltd informed that it has disbursed the cash dividend for the year ended on June 30, 2020 to the respective shareholders' bank accounts through BEFTN system.Daffodil Computers Limited: The company disbursed the cash dividend for the year ended on June 30, 2020 to...

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ONE Bank signed MoU with MSS

ONE Bank Limited signed an MoU with Manabik Shahajya Sangstha (MSS) on Monday. Monzur Mofiz, Additional Managing Director of ONE Bank Limited, and Munawar Reza Khan, Executive Director of Manabik Shahajya Sangstha (MSS), signed the agreement on behalf of their respective organisations. Under the agreement Manabik Shahajya Sangstha will disburse...

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S. Korea leads Asia stock gains on auto boost

South Korean shares jumped nearly 3 per cent on Tuesday after steep losses in the previous session as gains in heavyweight auto shares provided a boost, with investors also eyeing prospects for more stimulus to support an economic recovery, reports Reuters.Regional equities gained further by early afternoon with MSCI's broadest...

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