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...
Sarker Nazrul Islam | 2024-12-04 00:00:00
Much to the delight of the countrymen, the government has started working to bring necessary reform to the energy sector as is evident from the annulment of the Quick Enhancement of Electricity and Energy Supply (Special Provision) Act 2010 that...
Wasi Ahmed | 2024-12-04 00:00:00
While most rivers of the country are facing vulnerabilities of all sorts-encroachment, pollution, siltation, a lack of navigability and so on, the situation is even direr for the rivers surrounding the capital. A couple of the rivers are literally lifeless...
With bank borrowing getting more expensive and restrictive, thanks to regulatory constraints and rise in Non-Performing Loan (NPL) ratio in local banks, growth of the country's private sector is facing multiple challenges. While prospects of foreign loans are narrowing due...
CAF Dowlah | 2024-12-04 00:00:00
The unfolding events in Bangladesh leave no room for doubt-the nation stands precariously at a perilous crossroads. The interim government, once heralded as a beacon of hope following the ouster of a despotic regime, now faces a rapid and alarming...
Abu Rushd, M Zakir Hossain Khan and Salman Chowdhury | 2024-12-04 00:00:00
The name of Sheikh Hasina has become synonymous with brutal human rights violation in Bangladesh as she fled to India, leaving the people to be continued victims of her regime. However, it is not going to be easy for the...
SAJIBUR RAHMAN | 2024-12-03 12:00:00
A Dhaka court has ordered attachment of all movable and immovable foreign assets belonging to the Bashundhara Group Chairman and the Managing Director and their family members on charges of money laundering, officials said.Md Jakir Hossain, Dhaka Metropolitan Senior Special...
Abu Rushd, M Zakir Hossain Khan and Salman Chowdhury | 2024-12-03 12:00:00
As the world watched, in the spring of 2003, when then-Major General David Petraeus led the 101st Airborne Division into Baghdad, he sent out a historic radio call. His words were not about a victory lap but about the massive,...
In countries like Bangladesh ensuring the availability and quality of public goods is vital for sustainable economic growth. Essential services such as infrastructure, education, healthcare, and clean water play a crucial role in fostering an environment that promotes economic activity...
Bangladesh is a Low-Emitting Energy Poor (LEEP) country, with a per capita energy consumption of just 465 kWh (Kilowatt hour) per year, compared to the global average of 3,000 kWh. The Awami League government has often claimed significant achievements in...
There is no doubt that public infrastructure system that includes transport links, power and energy, telecommunications, digital networks, water and sanitation, and social services, such as health and education, serves as the foundation for economic development of any country. This...
FE REPORT | 2024-12-03 00:00:00
Bangladesh Railway (BR) postponed its scheduled inauguration of train services between Dhaka and Khulna via Padma Bridge-Bhanga-Jashore route on Monday due to a strike by its running staff.The operation was scheduled to start at 11:00 am on the newly built...
The country's final voter list 2025 will be published on March 2 next, the Election Commission said on Monday. Election Commissioner Brigadier General (retd) Abul Fazal Md Sanaullah disclosed this while talking to reporters after the first meeting of the...
FE REPORT | 2024-12-03 00:00:00
Tax revenue collection continues to mark a negative growth in the current fiscal year, largely due to the economic downturn with sluggish import scenario.The National Board of Revenue (NBR) has collected 1.03 per cent less revenue in the July-October period...
FE REPORT | 2024-12-03 00:00:00
Chief Adviser Dr. Muhammad Yunus emphasised the need to make SAARC more impactful by focusing on functional areas such as climate change, sustainable development, and renewable energy, which are of common interest to all member states. He made this observation...
FE REPORT | 2024-12-03 00:00:00
The Asian Development Bank (ADB) has signed a $24.3 million financing package with Muktagacha Solartech Energy Limited (MSEL) to establish a grid-connected solar photovoltaic power plant in Mymensingh.As the sole mandated lead arranger, ADB arranged, structured, and syndicated the financing...
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