SINGAPORE, Dec 3 (Reuters): Top oil exporter Saudi Arabia is expected to slash crude prices for Asian buyers in January to the lowest in years, largely tracking a slump in Middle East benchmark prices last month, traders said on Monday.The...
SINGAPORE/LONDON, Dec 3 (Reuters): State-owned QatarEnergy has signed a long-term sales and purchase agreement with oil and gas major Shell to supply it with liquefied natural gas (LNG) for delivery to China. The deal is for the supply of three...
Americans spent $13.3 billion online on Monday in the United States, according to an Adobe report, as consumers nabbed steep holiday discounts on everything from electronics to toys following lackluster demand at US stores on Black Friday, reports Reuters.Consumers spent...
RIYADH, Dec 3 (Reuters): Restoring the world's degraded land and holding back its deserts will require at least $2.6 trillion in investment by the end of the decade, the U.N. executive overseeing global talks on the issue told Reuters, quantifying...
The 22nd Annual General Meeting (AGM) of Premier Cement Mills PLC was held virtually on Saturday, with Chairman of the company Mohammad Mustafa Haider in the chair. The shareholders approved 21.50 per cent cash dividend for the year ended on...
Bengal Commercial Bank PLC (BGCB) organised its 'Annual Risk Conference 2024' at the bank's Head Office in Gulshan, Dhaka, recently. Tarik Morshed, Managing Director and CEO, reiterated the bank's commitment to building a strong risk management culture at all levels...
Global electronics brand Walton is set to expand its presence in Sri Lanka through a new partnership with Sri Lankan company 'Monik Trading Private Limited'. To this end, a Memorandum of Understanding (MoU) was recently signed between Walton Hi-Tech Industries...
Prime Bank PLC recently organised the BAMLCO Conference 2024 at the bank's own premises in Dhaka. Branch Anti-Money Laundering Compliance Officers (BAMLCOs) from across the country joined the event. The conference was inaugurated by AKM Ehsan, Executive Director & Head...
Commerce Adviser Sheikh Bashir Uddin has stressed the need to enhance human resources capacity for Bangladesh's graduation to a developing economy."Bangladesh is committed to ensuring dispute resolution in the framework of security and predictability in the multilateral trading system. We...
NAZIMUDDIN SHYAMOL | 2024-12-04 00:00:00
CHATTOGRAM, Dec 03: After the country gained independence, only a few items, including tea, leather, and frozen fish, were in the export basket, but with the passage of time the basket has expanded, earning lots of foreign exchange and making...
European Union (EU) has expressed its willingness to cooperate by providing logistical support and expertise for quick recovery of money laundered from Bangladesh, reports BSS.EU Ambassador and Head of Delegation to Bangladesh Michael Miller said this during a courtesy call...
FE REPORT | 2024-12-04 00:00:00
Energy Adviser Muhammad Fouzul Kabir Khan has urged investors to seize opportunities in Bangladesh's energy sector, which faces a significant supply-demand gap.Speaking at a programme on Monday, Kabir highlighted a supply deficit of 1,000 mmcfd of gas compared to the...
Bangladesh International Arbitration Centre (BIAC) successfully conducted a two-day training programme on 'Workplace Conflict Resolution: Strategies, Practical Tools, and the Role of ADR and BIAC Rules' at its venue in Dhaka recently, says a statement. This programme was designed to...
FE REPORT | 2024-12-04 00:00:00
Energy giant Chevron has planned to invest in new gas exploration activities in Bangladesh which is expected to help boost the country's energy security, senior officials of the US-based company said on Tuesday.A Chevron delegation expressed the interest at a...
TOKYO, Dec 3 (Reuters): Asian stocks jumped on Tuesday led by an outperforming tech sector following record highs on Wall Street overnight, while the dollar recovered lost ground against major rivals as traders weighed the outlook for US interest rates.Investors...
JAKARTA, Dec 3 (Reuters): Indonesia plans to increase requirements on local components for smartphones made and sold in the country, its deputy industry minister said on Tuesday, a move aimed at boosting the domestic manufacturing sector.The plan follows Indonesia's banning...
MUMBAI, Dec 3 (Reuters): The Indian rupee declined to a lifetime low on Tuesday, pressured by the US dollar's rally against its major peers and on concerns over the Asian country's slowing growth rate.The rupee dipped to a record low...
Mutual Trust Bank (MTB) recently arranged Branch Manager (BM) and Branch Anti Money Laundering Compliance Officer Conference to raise awareness about policies against money laundering and financing of terrorism. More than 120 participants were present in-person while 250 participants attended...
Southeast Bank, as part of its corporate social responsibility (CSR), extended financial support to farmers in collaboration with an NGO, Rural Development Sangstha. Nuruddin Md. Sadeque Hossain, managing director of the bank, distributed funds to farmers at the bank's head...
FRANKFURT, Dec 3 (Reuters): Import tariffs expected to be implemented by the administration of US President-elect Donald Trump could lower economic growth and inflation in the 20 nations sharing the euro, European Central Bank board member Piero Cipollone said on...
FE REPORT | 2024-12-04 00:00:00
Aziz Pipes has been out of production since May due to a shortage of working capital, with losses piled up in the four years to FY24. Currently, its liability is more than its assets, which is why the auditor said...
MOHAMMAD MUFAZZAL | 2024-12-04 00:00:00
Margin loan is one of the products of UCB Investment Ltd. (UCBIL) but it has successfully avoided negative equity by setting up its own criteria for lending money to its clients for stock investment. The investment bank, which began its...
LAUNCESTON, Australia, Dec 3 (Reuters): Saudi Arabia clawed back market share of Asia's crude oil imports in November, while Russia surrendered some of its barrels in what may be an early sign of a shift in market dynamics.Asia's imports from...
LONDON/MUMBAI, Dec 03 (Reuters): A drop in gold prices this month has drawn in buyers of the metal who had been waiting for the market's lightning rally this year to subside, industry players and analysts said.Spot gold prices hit a...
Brig Gen Md Kabir Uddin Sikdar joined as the Chairman of Bangladesh Jute Mills Corporation (BJMC) on December 01, says a statement.Muhammad Enam Chowdhury, Chairman (Additional Charge) of BJMC, Bangladesh Jute Mills Officers' Samity leaders and officers from all departments...
A business review meeting was held at BDS Bhawan in Barisal on Tuesday on the occasion of a 100-day special programme of Karmasangsthan Bank. Regional Managers, Branch Managers and 2nd Officers of Barisal, Patuakhali, Pirojpur and Gopalganj regions took part...
FE REPORT | 2024-12-04 00:00:00
bKash customers have so far opened over 3.2 million DPS accounts with IDLC Finance, Mutual Trust Bank, Dhaka Bank, City Bank, and BRAC Bank through bKash app from the comfort of their homes. This trailblazing achievement has been made possible...
FATEMA AKTAR | 2024-12-04 00:00:00
Shivering as she emerged from the piano's hidden shutter, Taylor Swift sat down wearing a cosy white cardigan-a scene every Swiftie can instantly recall. The music video for Cardigan debuted four years ago and has since become iconic. And at...
International boycotts of companies accused of unethical labour practices and political turmoil have severely disrupted Bangladesh's supply chain. The country's ready-made garment (RMG) sector, a cornerstone of the economy, is experiencing a decline as international retailers, including H&M and Zara,...
As a female member of the human species, who has lived on this earth for 23 years, there is one thing that has haunted me relentlessly. Not the shadows under my bed or the thought of being trapped in an...
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