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Kaptai lake water level rise boosts power generation to record 220MW

RANGAMATI, July 21 (UNB): Due to a rise in the water level of Kaptai lake, electricity generation at the Kaptai Hydroelectric Power Station has significantly increased.With all five units of the plant currently operational, the station produced 220 megawatts (MW) of electricity as of Sunday night -- the highest recorded...

Kathmandu University wins 5th BIAC Inter-University Arbitration Contest

The final round of the '5th BIAC International Inter-University Arbitration Contest 2024' was held virtually recently, with Kathmandu University, School of Law, Nepal, emerging as the champion.The competition, organised by the Bangladesh International Arbitration Centre (BIAC), featured the London College of Legal Studies (South), Bangladesh, as the claimant team, and...

UK consumer sentiment suffers first big fall in nearly 3 years

LONDON, July 21 (Reuters): British consumer sentiment had a marked fall for the first time in nearly three years last month, reflecting increased worries about job security, a Deloitte survey showed on Monday.Deloitte said its consumer confidence index dropped by 2.6 percentage points to 10.4% in the second quarter, its...

Moniruzzaman new managing director of IIFC

Md. Moniruzzaman joined as the Managing Director of Infrastructure Investment Facilitation Company (IIFC) on Sunday, says a press statement. Prior to that, he served as Chairman and CEO of Bangladesh Steel and Engineering Corporation, a renowned government corporation under the Ministry of Industries.Mr Moniruzzaman had joined the Bangladesh Civil Service...

UCB holds business review meeting

United Commercial Bank PLC (UCB) held a business review meeting at BCDM in Savar recently. The meeting was attended by the bank's Chairman Sharif Zahir, members of the Board of Directors, Managing Director and CEO Mohammad Mamdudur Rashid, and other senior officials. The meeting focused on reviewing UCB's business operations,...

Hong Kong investigates Louis Vuitton data leak

HONG KONG, July 21 (Reuters): Hong Kong's privacy watchdog said on Monday that it was investigating a data leak at Louis Vuitton affecting about 419,000 customers, just after a cyberattack on the luxury brand in South Korea in June.Leaked data included names, passport details, addresses and email addresses as well...

China keeps benchmark lending rates unchanged

SHANGHAI, July 21 (Reuters): China kept benchmark lending rates unchanged on Monday, as forecast, after it reported slightly better-than-expected second-quarter economic data.Signs of economic resilience effectively reduced any urgency for further stimulus, while analysts widely expect persistent weak domestic demand warrants some monetary easing later this year.The one-year loan prime...