NEW YORK, Nov 27 (Reuters): ChatGPT-owner OpenAI is allowing its employees to sell roughly $1.5 billion worth of shares in a new tender offer to Japan's SoftBank Group (9984.T), opens new tab, two sources familiar with the matter told Reuters...
COLOMBO, Nov 27 (AFP): Sri Lanka's central bank cut its benchmark interest rate Wednesday, after the government agreed to a debt restructure deal with international bond holders.The Central Bank of Sri Lanka said it was moving to a single policy...
Shahjalal Islami Bank PLC signed a Memorandum of Understanding (MoU) with SEBA AgroTech & Seeds Limited, an agricultural technology company, at the bank's Corporate Head Office on Tuesday. In presence of Managing Director of Shahjalal Islami Bank Mosleh Uddin Ahmed,...
NRB Bank PLC, a leading emerging bank of the country, opens 17 Islamic Banking Windows at Dilkusha, Mirpur, Nayabazar, Ashulia & Joypara branches, Dhaka region, Shafipur Branch, Gazipur, Fotikchari & Pahartoli Raozan branches, Chattogram region, Panchaboti Branch, Narayanganj, Zajira Branch,...
The 346th board meeting of Karmasangsthan Bank was held on Wednesday, with its Chairman Dr. AFM Matiur Rahman in the chair. Managing Director Arun Kumar Chowdhury, directors, Deputy Managing Director and all General Managers were present in the meeting.
The 47th meeting of the Shari'ah Supervisory Committee of Standard Bank PLC was held at the bank's Head Office in Dhaka on Tuesday. Mohammed Abdul Aziz, Chairman of the bank & Observer of the committee, and A K M Abdul...
The 279th meeting of the Board of Directors of First Security Islami Bank PLC was held at the FSIB Head Office in Dhaka on Tuesday, with its Chairman Mohammad Abdul Mannan in the chair. Md Azizur Rahman, Vice Chairman, Md...
Sonali Bank PLC, General Manager's Office, Chattogram North & Chattogram South, organised a view-exchange meeting with its customers on recovery of classified loans, disbursement of new loans and foreign remittance collection at Chattogram on Wednesday. MD & CEO of Sonali...
Trust Bank and bKash have further launched fund transfer service that allows customers to instantly send money to their own or others' Trust Bank accounts through bKash app. Currently, the customers are availing 'add money' service to bKash accounts via...
Shipping, Labour and Employment Adviser Brig Gen (Retd) Dr M Sakhawat Hussain hoped for direct ship operation soon between Bangladesh and Maldives, reports BSS."Direct ship movement between Bangladesh and Maldives would help expand bilateral import-export", he said as Maldives High...
FE REPORT | 2024-11-28 00:00:00
A total of 3,000 individuals will be trained over the next four years under a project, aiming to create IT professionals of international standard.To this effect, Bangladesh Association of Software and Information Services (BASIS) and Skills for Industry Competitiveness and...
Apex Footwear held its 34th annual general meeting (AGM) virtually on Wednesday. Mr. Syed Manzur Elahi, chairperson of the company, presided over the programme. Syed Nasim Manzur, managing director, was present at the meeting among other directors and senior officials....
FE REPORT | 2024-11-28 00:00:00
The banking sector has recently been making top contributions to daily turnover on the Dhaka bourse, supported by investors' increased participation.The sector's dominance has mainly been driven by two banks -- Midland Bank and NRB Bank. The two lenders topped...
IFC, a member of the World Bank Group, is investing $50 million in City Bank PLC to help SMEs grow, create jobs, and boost economic recovery. On this occasion, an agreement signing ceremony was recently held at the head office...
SIDDIQUE ISLAM | 2024-11-28 00:00:00
Agrani Bank has decided to suspend fresh loan approvals till December this year with the aim to improve its financial health, the lender's chairman has said."No new lending will be approved in the fourth quarter of the 2024 calendar year,"...
FARHAN FARDAUS | 2024-11-28 00:00:00
Eight listed power producers have been losing revenue as the government has moved away from quick rental plants to ease the burden of capacity charge payments and bring down the price of electricity. Quick rental power plants were a quick...
MUMBAI, Nov 27 (Reuters): The Indian rupee declined on Wednesday, pressured by strong dollar demand related to the expiry of the November monthly futures contract and month-end payments by importers.The rupee closed at 84.4525 against the US dollar, down by...
STRASBOURG, Nov 27 (AFP): EU chief Ursula von der Leyen warned Wednesday that Europe has "no time to waste" to boost its defences and competitiveness, as European lawmakers prepared to approve her new executive team to start work.Addressing deputies in...
Rupali Bank PLC has opened its 33rd sub-branch namely 'Mirzapur Sub-branch' under the Pakua Branch in Tangail. Managing Director (acting) of the bank Parsuma Alam inaugurated the sub-branch virtually on Wednesday. Deputy Managing Directors Hasan Tanvir and Md Harunur Rashid...
United Commercial Bank PLC Limited's (UCB) agricultural support scheme 'Bhoroshar Notun Janala' conducted its 56th skill-development training session in Brahmanbaria. A total of 225 agricultural entrepreneurs from nine upazilas of the district took part in the training held in the...
Southeast Bank PLC signed a Memorandum of Understanding (MoU) with the Bangladesh Investment Development Authority (BIDA) to provide seamless banking services, enhancing one-stop solutions for local and foreign investors. The agreement was signed at a ceremony at the BIDA Seminar...
Prime Bank's CEO Hassan O Rashid and CRO & Management Board Member of FMO (Dutch Development Bank) Franca Vossen have exchanged documents for activation of 2nd tranche of USD 50 million term loan facility from FMO at a ceremony held...
SEOUL, Nov 27 (AFP): Samsung Electronics reshuffled its leadership on Wednesday as it looks to gain an edge in the production of microchips used for artificial intelligence servers.The world's largest memory chip maker issued a rare apology in October, acknowledging...
PANCHAGARH, Nov 27 (UNB): One hundred tonnes of Atap rice were imported from India through Banglabandha land port in Panchagarh on Tuesday, marking the first such import in two years. The shipment arrived in four cargo trucks, said Abul Kalam...
FE REPORT | 2024-11-28 00:00:00
The Guardian Life Insurance and BRAC signed an agreement on Wednesday to ensure financial security of the country's migrant workers by offering them and their families various benefits.An insurance policy called 'Guardian Probashi Prohori' was unveiled at the event held...
FE REPORT | 2024-11-28 00:00:00
Speakers at a programme said that the digital rights of Bangladesh's citizens are under threat, with personal information of nearly 60 million people reportedly compromised and circulating freely online. They said allegations have emerged that a foreign company, engaged by...
Bangladesh continues to experience a significant brain drain, with many of its most talented individuals seeking better opportunities overseas. This trend shows no signs of abating, with 45,000 students going for studying abroad in 2021 alone. According to World Bank...
Halting the operation of battery-run rickshaws could create significant challenges for their drivers and investors. Many investors in these vehicles are from low-income backgrounds, relying on this as their primary source of income. Similarly, thousands of drivers depend on this...
Mir Mostafizur Rahaman | 2024-11-28 00:00:00
In modern states, civil administration is an integral part of the governance framework. It serves as the backbone of a nation's development, ensuring public services, policy implementation, and the rule of law. The quality and character of governance are profoundly...
Against the backdrop of no fresh investment by private entrepreneurs and extremely low execution of annual development programmes (ADPs), it is only natural that a country slides into recession. None other than Planning Adviser Prof Wahiduddin Mahmud is wary of...
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