MUMBAI, Nov 25 (Reuters Breakingviews): Gautam Adani has put India on the spot. The country's government may need to nudge local lenders to support the growth of the billionaire's infrastructure conglomerate after the United States filed criminal charges against him....
NEW YORK, Nov 25 (Reuters): Heading into holidays some expect to disappoint, Wall Street investors like Goldman Sachs are using new ways to monitor shoppers' actions and intentions to help determine the season's winners and losers.They are tapping into the...
NEW DELHI, Nov 25 (Reuters): The US Department of Justice will make its final argument on Monday that Google illegally dominated online advertising technology, seeking a second antitrust win against the company.The closing arguments in Alexandria, Virginia, cap a 15-day...
Bangladesh Bridge Authority (BBA) held the first phase of the lottery for flat allocations for those affected by land acquisition for the Dhaka Elevated Expressway PPP project at the conference room of BBA on Monday. The flats were built at...
Sonali Bank PLC, Local Office Dhaka, arranged a view exchange meeting with its borrowers to recover classified loans, disbursement of new loans and foreign remittance collection at the bank's head office in the city on Monday. Md Shawkat Ali Khan,...
The 409th Board meeting of Al-Arafah Islami Bank PLC was held on Monday, with Chairman of the Board of Directors Khwaja Shahriar in the chair. Overall business performance of the bank was reviewed and several policy decisions were taken at...
BRUSSELS, Nov 25 (AFP): The European Union on Monday formally launched a challenge at the World Trade Organization against China's move to impose anti-dumping measures on brandy imported from the bloc.Beijing's move last month appeared to be a tit-for-tat measure...
TOKYO, Nov 25 (AFP): Higher taxes and a controversial limit on virgin plastic production are among a set of policies that could slash the amount of plastic waste leaking into the environment, a new study has found.Researchers used artificial intelligence...
JU CORRESPONDENT | 2024-11-26 00:00:00
Jahangirnagar University (JU), in partnership with Tax Zone-11 of the National Board of Revenue (NBR), hosted a day-long programme to promote online income tax return filing on Monday.The Income Tax Information Service Center arranged the campaign at the university's Zahir...
Walton Digi-Tech Industries Limited, the leading technology product manufacturing and marketing company in Bangladesh, has unveiled a significant price reduction on its AMD Ryzen processor-powered Avian series desktop computers.The price drop applies to a range of models -- the Avian...
WASHINGTON, Nov 25 (Reuters): Donald Trump's Republicans are promising to hit the gas next year when they assume full control of the US Congress, with little to stop them from executing the president-elect's promises to slash taxes and reorder the...
Southeast Bank extended financial support to farmers across three significant areas in the agricultural sector as part of its corporate social responsibility (CSR). Mr. Nuruddin Md. Sadeque Hossain, managing director of the bank, distributed the financial assistance to grassroots farmers...
FE REPORT | 2024-11-26 00:00:00
National Bank chairman Abdul Awal Mintoo on Monday said the lender has set a turnout strategy, thereby intensifying its focus on remittance, cash recovery and international trade.As part of its reviving plan, he said, the bank has already strengthened its...
The Embassy of Denmark in Dhaka has signed a contract with Eastern Bank to acknowledge climate change adaptation and mitigation efforts.A joint 'Declaration of Intent' was signed by Danish Ambassador H.E. Christian Brix Møller and Eastern Bank's Additional Managing Director...
FE REPORT | 2024-11-26 00:00:00
State-run Investment Corporation of Bangladesh (ICB) reported a loss of Tk 0.75 billion for the first quarter through September of FY25 after a remarkable recovery in the final quarter of the previous fiscal year.It recovered from a loss of Tk...
MOHAMMAD MUFAZZAL | 2024-11-26 00:00:00
The potential of the country's capital market has largely been unexplored in business financing because of policies that support easy, unregulated access to loans from the banking sector. In consequence, the equity market has remained stunted for decades while the...
LONDON, Nov 25 (AFP): British business lobby group, the CBI, on Monday hit out over the Labour government's tax hikes on firms, saying the "heavy burden" risked cuts to hiring and investment.The government's maiden budget last month contained a significant...
MUMBAI, Nov 25 (Reuters): Rapeseed and mustard planting in India is set to drop despite higher prices, as above-average temperatures during the sowing season prompt farmers to switch to crops less affected by heat and which offer equally good returns,...
RIYADH, Nov 25 (Arab News): The UAE banking sector recorded a 3.9 per cent quarterly increase in deposits during the third quarter, driven primarily by a 5.6 per cent rise in time deposits, according to a recent report. This solid...
RIYADH, Nov 25 (Arab News): Investment strategies must be compatible with sustainable development goals to ensure economically viable and environmentally responsible global growth, a top official said at the World Investment Conference.Speaking on the first day of the Riyad-based event,...
BANGKOK, Nov 25 (Reuters): Thailand's banking system has large excess liquidity and the central bank has not tightened its lending supervision, an assistant governor said on Monday, reflecting banks' reluctance to lend.The banking system has had a lot of excess...
ONE Bank PLC organised a daylong training on 'Prevention of Money Laundering and Combating Financing of Terrorism' at the Noa Convention Centre in Noakhali for the executives and officers of Noakhali Zone Branches and Sub-branches, including Cumilla and Laksham Branch,...
SBAC Bank PLC organised a training workshop on 'Prevention of money laundering & combating financing of terrorism' at the Training Institute of the bank recently. Syed Golam Shahajarul Alam, Additional Director, and Mehedi Hasan, Deputy Director of Bangladesh Financial Intelligence...
A daylong workshop on 'Prevention of Money Laundering and Combating Financing of Terrorism' was organised by Bangladesh Financial Intelligence Unit (BFIU) for all scheduled bank officials of Thakurgaon district. Jamuna Bank PLC acted as the lead bank in the workshop....
United Commercial Bank PLC (UCB) recently organised a workshop for tea cluster entrepreneurs in Panchagarh district. The event aimed to enhance financial literacy and explore growth opportunities within the tea industry. Nawshad Mustafa, Director, SMESPD of Bangladesh Bank, was present...
IFIC Bank PLC, as part of its 'Stand Beside Women in Tech Advancement' campaign, donated desktop computers and educational materials to Khulna Collegiate Girls' School and KCC Women's College to inspire young women to embrace technology and enhance digital skills....
NRB Bank PLC has promoted Md Shakir Amin Chowdhury to Additional Managing Director (AMD).Prior to his new assignment, he has been serving as the Deputy Managing Director, says a statement.Managing Director Tarek Reaz Khan, on behalf of the Board of...
More than 500,000 individual taxpayers have filed their income tax returns online for FY 2024-2025.The National Board of Revenue, or NBR, said in a media statement that the milestone was reached by Sunday, reports bdnews24.com.The statement highlighted a significant increase...
NEW DELHI/PARIS, Nov 25 (Reuters): French oil major TotalEnergies halted on Monday investments into Adani Group, after the Indian ports-to-power conglomerate was engulfed in a crisis over an alleged multi-million-dollar bribery scheme.The Indian business group's billionaire chairman, Gautam Adani, and...
FE REPORT | 2024-11-26 00:00:00
Bangladesh Investment Development Authority (BIDA) has signed separate Memorandums of Understanding (MoUs) with four agencies to add seven new services to BIDA's online 'one-stop service' (OSS) platform, aiming to facilitate businesses.The four agencies are Sylhet City Corporation, Rangpur City Corporation,...
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