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Power Grid remains in the red for heavy foreign loan burden

FE REPORTDespite higher revenue, Power Grid Company endured losses for the second year in a row in FY24, owing to a significant forex conversion loss. However, the state-owned power transmission company reduced its loss by 27 per cent year-on-year to Tk 4.57 billion in FY24, with a 14 per cent...

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PREMIER BANK HOLDS ‘SUB-BRANCH AND ISLAMIC WINDOW CONFERENCE 2025’

PREMIER BANK HOLDS ‘SUB-BRANCH AND ISLAMIC WINDOW CONFERENCE 2025’Premier Bank on Saturday held "Sub-Branch and Islamic Window Conference" at its head office, Iqbal center. Managing Director and CEO Mohammad Abu Jafar attended the conference as chief guest. Additional Managing Director (AMD) Syed Nowsher Ali and AMD Shamsuddin Chowdhury were present...

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IFIC BANK HOLDS ‘LARGEST BANKING NETWORK CONFERENCE’ IN BARISAL

IFIC BANK HOLDS ‘LARGEST BANKING NETWORK CONFERENCE’ IN BARISALIFIC Bank hosted the "IFIC Largest Banking Network Business Conference" at Barishal Shilpakala Academy on Friday. The conference brought together over 300 employees from the bank's 16 branches and 96 sub-branches operating in Barishal and Faridpur zones. The day-long conference began with...

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MIDLAND BANK ORGANISES AGENT BANKING CONFERENCE 2025

MIDLAND BANK ORGANISES AGENT BANKING CONFERENCE 2025Midland Bank on Saturday organised its Annual Agent Banking Conference 2025 at Lake Shore Hotel in the capital's Gulshan. Md. Ahsan-uz Zaman, managing director and chief executive officer of the bank, presided over the conference. Agent owners and representatives of all 140 agent banking...

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Small-cap stocks' recent domination of DSE turnover chart

As many as 10 companies dominated the chart of top turnover leaders of the Dhaka bourse consistently in the recent sessions. Though the prime bourse has been witnessing very low turnovers, the companies including Khan Brothers PP Woven Bag Industries, Aftab Automobiles, Orion Infusion, Asiatic Laboratories, Taufika Foods and Lovello...

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Adviser for proper enforcement of Consumer Rights Protection Act

Commerce Adviser Sk Bashir Uddin emphasised on Sunday the need for ensuring proper enforcement of the Consumer Rights Protection Act, 2009, reports UNB. He said this while chairing the 28th meeting of the National Consumers' Right Protection Council at the conference room of the directorate in Dahaka.Addressing the importance of...

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NCC BANK DISTRIBUTES AGRI INPUTS & MACHINERY IN MAIJDEE

NCC BANK DISTRIBUTES AGRI INPUTS & MACHINERY IN MAIJDEENCC Bank has distributed agricultural inputs and machinery free of cost among 500 flood-affected and marginal farmers in Maijdee and Chowmuhani under special CSR in the agricultural sector. Deputy Managing Director & Company Secretary of NCC Bank Md Monirul Alam distributed various...

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Bangladeshi products shine at 'Heimtextil' trade show

Bangladeshi products drew the attention of visitors at the 'Heimtextil 2025', a four-day trade show in Germany, reports BSS. The trade show ended on Friday. Participating Bangladeshi companies expressed satisfaction over the opportunities provided by Heimtextil 2025, said a press release on Sunday. Many exhibitors are optimistic about securing substantial...

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Social Islami Bank HOLDS CLIENT GET-TOGETHER

Social Islami Bank HOLDS CLIENT GET-TOGETHERForeign Exchange Branch of Social Islami Bank organised a Client Get-together recently. Md. Nazmus Saadat, Managing Director (Acting) of the bank, was present as the chief guest and AAM Habibur Rahman, deputy Managing Director, as a special guest. The programme was presided over by Md...

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UNION INSURANCE HOLDS ANNUAL BRANCH MANAGER'S CONFERENCE

UNION INSURANCE HOLDS ANNUAL BRANCH MANAGER'S CONFERENCE Union Insurance Co. Ltd. held its Annual Branch Managers' Conference-2025 at its Head Office in Dhaka recently. The conference was presided over by Chief Executive Officer Talukder Md Zakaria Hossain. Chairman Mohammed Hasmot Ali was present as the chief guest. Chairman of Executive...

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MASTER BUILDER CELEBRATES 28TH ANNIVERSARY

MASTER BUILDER CELEBRATES 28TH ANNIVERSARY Master Builder, a leading real estate company, has celebrated its 28th anniversary at Golf Garden, Army Golf Club, in Dhaka. Major Shibbir Ahmad Khan (Retd), Managing Director, formally inaugurated the event by cutting a cake. A large number of flat owners, land owners, well-wishers, employees...

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IMF projects Saudi Arabia economy to grow 3.3pc

RIYADH, Jan 19 (Arab News): Saudi Arabia's economy is projected to grow by 3.3 per cent in 2025 and 4.1 per cent in 2026, according to the latest forecasts from the International Monetary Fund.These projections reflect significant shifts in the global economic landscape, with the ongoing OPEC+ agreement on oil...

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