FE REPORT | 2024-10-18 00:00:00
The International Crimes Tribunal (ICT) Thursday issued a warrant for arrest of deposed Prime Minister Sheikh Hasina, who fled the country amidst the August-5th uprising, on a slew of charges that include genocide. Her Awami League party general secretary Obaidul...
MOSCOW, Oct 17 (Reuters): China and Saudi Arabia were the top destinations for Russian seaborne fuel oil and vacuum gasoil (VGO) exports in September, traders said and LSEG data showed on Thursday.Total fuel oil and VGO exports from Russian ports...
STOCKHOLM, Oct 17 (Reuters): Nokia has laid off close to 2,000 people or about a fifth of its employee base across Greater China and plans to cut another 350 jobs across Europe as part of efforts to lower costs, according...
ISTANBUL, Oct 17 (Reuters): Turkey's central bank held interest rates at 50 per cent on Thursday as expected but cautioned that recent data had lifted inflation uncertainty, in a hawkish signal ahead of an expected easing cycle in coming months."In...
HELSINKI, Oct 17 (AFP): Finnish telecoms equipment maker Nokia on Thursday reported a 32-percent rise in net profit for the third quarter but sales dropped due to a slowdown in India.Nokia announced sales of 4.3 billion euros ($4.7 billion), down...
Al-Arafah Islami Bank PLC has signed an agreement with Star Tech Ltd. to offer exclusive discount facilities for the bank's Mastercard holders. Deputy Managing Director of the bank Mohammed Fazlur Rahman Chowdhury and Managing Director of Stat Tech Mohammad Jahed...
Rupali Bank PLC held its Business Review Meeting-2024 on Thursday. Managing Director (acting) Parsuma Alam was present as the chief guest at the meeting held at the conference room of the bank's head office at Dilkusha in the city. Deputy...
Shahjalal Islami Bank PLC organised a seminar titled 'Accelerance on Financial Literacy for Development of CMSME Women Entrepreneurs' at its Panthapath Branch on Tuesday. This initiative was part of the bank's ongoing efforts to empower women entrepreneurs and foster a...
United Commercial Bank PLC (UCB) has signed an agreement with D Money Bangladesh, a leading payment service provider, to enhance banking services for their customers. This partnership includes a range of services, such as the Trust Cum Settlement Account, options...
WASHINGTON, Oct 17 (Reuters): The World Bank voted on Tuesday to change its internal lending guidelines, freeing up $30 billion in additional lending capacity over the next decade to help developing countries and emerging markets grapple with climate change and...
MONIRA MUNNI | 2024-10-18 00:00:00
About 37 per cent of audits conducted in Bangladeshi readymade garment factories during the period of January to September 2024 revealed critical violations related to working hours and wages.More than half of all critical non-compliances in Bangladeshi factories during this...
FE REPORT | 2024-10-18 00:00:00
Industry leaders in the telecom sector have called for a truly independent Bangladesh Telecommunication Regulatory Commission (BTRC), urging that reforms should be free from political bias and favouritism.They underscored the need to curb autocratic practices in the use of technology,...
The $3.3-billion IPO of Hyundai Motor India, the country's largest yet, was fully subscribed on its final day on Thursday as institutional investors bid aggressively, though pricing concerns deterred retail investors, reports Reuters.As companies rush to go public after a...
TOKYO, Oct 17 (Reuters): The Tokyo Stock Exchange's role from now on is to facilitate constructive dialogue between companies and investors rather than mandate how businesses are run, its head said on Thursday."The real power to bring about change lies...
Hurricane Milton tore through Florida last week, causing as much as $55 billion in property damage throughout the Sunshine State, according to the latest analyst estimates. Hitting just two weeks after Hurricane Helene, Milton was the latest in a series...
LONDON, Oct 17 (Reuters): Nestle is revamping senior leadership and its operating structure, the food giant said on Thursday, as it cut its full-year sales outlook following weaker than expected nine-month underlying sales growth.The packaged food industry has in recent...
Global sales of fully electric and plug-in hybrid vehicles rose by an annual 30.5 per cent in September, as China surpassed its record numbers recorded in August and Europe resumed growth, market research firm Rho Motion said on Tuesday, reports...
HONG KONG, Oct 17 (AFP): Asian markets rose Thursday following a healthy run on Wall Street, with Chinese investors giving a cautious welcome to Beijing's latest plan to boost the country's troubled property sector.Hong Kong and Shanghai finished the morning...
ARBA Automobiles Ltd and Rangpur Metal Industries Ltd have signed a Memorandum of Understanding (MoU) for the supply of tyres for three-wheeler electric vehicles (EV). Nuruddin Jahangir, Chief Operating Officer of ARBA Automobiles, and Md Mahmudur Rahman, Chief Operating Officer...
Uttara Bank PLC held 'Anti-Money Laundering Conference-2024' at a hotel in Dhaka recently. Mohammed Rabiul Hossain, Managing Director & CEO of Uttara Bank, was present as the chief guest. The conference was presided over by Deputy Managing Director & Chief...
The 177th meeting of the Board of Directors of Meghna Bank PLC was held at its Head Office at Suvastu Imam Square, Gulshan-1, Dhaka, recently. Tanveer Ahmed, Vice Chairman, Meghna Bank, presided over the meeting. Md. Mahamudul Alam, Chairman, Risk...
Southeast Bank handed over a life insurance cheque worth Tk 500,000 to the family of Md. Kiyum Khan, a customer who recently died. Nuruddin Md. Sadeque Hossain, managing director of the bank, handed over the cheque to the family during...
Mutual Trust Bank (MTB) organised an open loan disbursement programme for indigenous farmers in Modhupur, Tangail on Wednesday. Under this initiative, 27 farmers received a cheque to cultivate pineapple and banana. In addition, several were able to open MTB Shanchay...
Md. Hanif Miah, Executive Director of Bangladesh Bank, has recently been appointed as a Director to the Board of Directors of Karmasang-sthan Bank for a tenure of three years, says a statement.Md. Hanif started off his career as an Assistant...
bKash's remittance service is gaining widespread popularity among expatriates as it offers a convenient, instant, secure and legal way to send remittances back home, says a statement. In August, expatriates utilised MFS to send remittances worth over Tk 11 billion,...
FE REPORT | 2024-10-18 00:00:00
Wholesalers and retailers on Thursday called upon producers to maintain a stable supply chain for eggs, broiler chicken, onions, potatoes, garlic, and other essential commodities in order to help reduce prices.They said it was possible to keep the prices of...
FE REPORT | 2024-10-18 00:00:00
"Sustainability is no longer a choice but a responsibility," said BRAC Bank chief at a programme on Thursday. The programme was organised to launch the bank's Sustainability Report 2023, titled 'Bloom into the Future', which marks the bank's second report...
FE REPORT | 2024-10-18 00:00:00
The stock market regulator rejected the proposal of NCC Bank to issue bonds worth Tk 5 billion.The decision was made on October 9, according to a filing on Thursday.The bank decided to issue non-convertible subordinated bonds three years back. In...
FE REPORT | 2024-10-18 00:00:00
The Dhaka bourse ended the week with another sharp loss for the third consecutive session as a majority of the listed securities, including blue chips, ended up in the red.According to market operators, investors, panicking over further loss, mounted sell...
FE REPORT | 2024-10-18 00:00:00
The securities regulator has decided not to allow National Tea Company (NTC) to utilise the public funds raised through private placements until the government's 51 per cent stakes are ensured.The decision was made at a meeting on Thursday. Earlier, the...
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