Bangladesh Bank (BB) has issued guidelines for operations of business in Bangladesh by Joint Ventures or Consortiums or Associations (JV/CA) having foreign partner (s) in order to make the process more transparent and more accountable, reports BSS.The central bank in...
FE REPORT | 2024-11-21 00:00:00
BNP secretary-general Mirza Fakhrul Islam speaks at a programme at Fulgazi, Feni, on Wednesday. — Focus Bangla Bangladesh Nationalist Party secretary-general Mirza Fakhrul Islam Alamgir on Wednesday said his party did not say anything about the issue of the Awami...
FE REPORT | 2024-11-21 00:00:00
Umpteen Indian and Sri Lankan nationals allegedly work in Bangladesh's shipping industry without work permit and unlawfully take out thousands of dollars, while the country faces foreign-exchange crunch.Because of unauthorized engagement of foreigners in jobs in Bangladesh, local efficient and...
Global ratings agency Moody's has revised its ratings for six Bangladeshi banks, citing concerns over the country's recent sovereign downgrade.The banks affected are BRAC Bank, City Bank, Dutch-Bangla Bank, Eastern Bank, Mercantile Bank and Premier Bank, reports UNB.Moody's has downgraded...
BAKU, Azerbaijan, Nov 20 (AP): With time running down, negotiators at the United Nations annual climate talks on Wednesday returned to the puzzle of finding an agreement to bring far more money for vulnerable nations to adapt than wealthier countries...
JAHIDUL ISLAM | 2024-11-21 00:00:00
The Energy and Mineral Resources Division approached the Planning ministry to exempt five vital gas exploration and development projects from the mandatory third-party feasibility study requirement.The government division reasoned that rapid exploration of gas will help to reduce dependency on...
The Armed Forces Day will be observed today (Thursday) amid festivity and enthusiasm marking the establishment of the army, navy and air forces during the 1971 Liberation War.The day's programmes will begin with offering special dua after Fajr prayers at...
FHM Humayan Kabir | 2024-11-21 00:00:00
The interim government on Wednesday approved two hard-term credits worth US$260 million to invest in power transmission, road and terminal development, officials said.The Standing Committee on Non-Concessional Loans (SCNCL) of the government approved the loans at its meeting at the...
FE REPORT | 2024-11-21 00:00:00
A provision for banning political parties missed the all-clear as the council of advisers Wednesday approved a draft ordinance to amend the ICT act to make trial more transparent and international-standard.According to provisions of the amended law, members of the...
JASIM UDDIN HAROON | 2024-11-21 00:00:00
Businesses lose out as the real effective exchange rate (REER) index rose to 102.97 in October from 100.40 in September that signals a decline in the competitiveness of Bangladesh's currency in international trade, sources say.According to the latest measure for...
Bangladesh Air Force Women's Welfare Association (BAFWWA) President Saleha Khan distributed warm clothes among the poor people in the organisation's central office at Air Base Bashar in the capital on Wednesday. — ISPR
Weather may remain dry with temporary partly cloudy sky over the country, having chances of light rain/drizzle at one or two places over Chattogram and Sylhet divisions until 6:00 pm today (Thursday), according to the Met office.Light to moderate fog...
The residents of several areas in Dhaka are set to face a 12-hour gas supply disruption today (Thursday) as part of ongoing maintenance work by Titas Gas Transmission and Distribution PLC, reports UNB.The suspension will last from 10:00 am to...
Saidur Rahman made Health Services Division SecretaryDirector General of NGO Affairs Bureau Md Saidur Rahman has been appointed as the secretary to the Health Services Division under the Ministry of Health following his promotion. The Public Administration Ministry issued a...
FE REPORT A three-member delegation headed by Bangladesh Bank (BB) Governor Dr Ahsan H Mansur left Dhaka for India on Wednesday to attend a conference. The high-level policy conference of central banks titled "Balancing Inflation and Growth: Perspectives from the...
FE REPORT | 2024-11-21 00:00:00
Rajuk approved on Monday a plan of Grameen Telecom Trust (GTC) to build a major healthcare project at Uttara in Dhaka. The project -- 'Samajik Health Science Institute and Research Centre (SHSIRC)' -- will be a 500-bed healthcare facility, according...
FE REPORT | 2024-11-21 00:00:00
The government has appointed three new permanent members to the Minimum Wages Board, with two of them being the representatives of owners and workers.The other has been appointed as an independent member. The labour and employment ministry issued a notification...
Battery-run rickshaw drivers blocked the road and demonstrated in the capital's Dayaganj area on Wednesday, protesting the decision to ban the three-wheelers from the Dhaka Metropolitan area. — FE Photo by Shafiqul Alam Over 100 battery-run rickshaw drivers have taken...
FE REPROTThe Bangladesh Economic Zones Authority (BEZA) looks to ensure social and environmental sustainability across a vast region surrounding its flagship economic zone (EZ) in Chattogram.It has been conducting a major study to understand the impact of vast industrial city...
BNP Acting Chairman Tarique Rahman turned 60.Tarique, the eldest son of BNP founder Ziaur Rahman and its Chairperson Khaleda Zia, was born on November 20, 1965 in Bogura, reports UNB.Following Tarique's instructions, the BNP has decided not to hold any...
Serajul I Bhuiyan | 2024-11-21 00:00:00
Dr Muhammad Yunus, the globally renowned Nobel Laureate and the head of Bangladesh’s interim government, recently delivered a historic speech commemorating the first 100 days of his administration. At the heart of his address was the contentious issue of the...
In Bangladesh, alongside banks, there exists a vast network of informal lenders who offer quick loans without the paperwork or restrictions that banks require. While convenient, these informal loans come with high-interest rates that can quickly trap borrowers in a...
The Indian stock exchange outperforms the Bangladeshi stock market in terms of scale, diversity, and investor trust. India's Bombay Stock market (BSE), Asia's oldest, currently has an index value of 77,580.31 points, whereas the Dhaka Stock Exchange (DSE) index is...
MIR MOSTAFIZUR RAHAMAN | 2024-11-21 00:00:00
Creating a business-friendly environment in Bangladesh has been a persistent challenge for decades. One does not need to be an expert to recognise the barriers, starting from pervasive corruption to bureaucratic inefficiencies, entrepreneurs face. Despite repeated promises made by successive...
Atiqul Kabir Tuhin | 2024-11-21 00:00:00
The US-based international credit rating agency, the Moody's on Monday lowered Bangladesh's long term credit rating from B1 to B2, citing lingering political uncertainty, deteriorating law and order and weak domestic demand. The B2 rating, classified as "highly speculative," signals...
The latest credit rating of Bangladesh — a demotion from B1to B2 — by the Moody's Investors Service (popularly known as Moody's) has indeed aroused some amount of concern in areas of investment, external trade and private sector foreign borrowing....
Syed Badrul Ahsan | 2024-11-21 00:00:00
President Biden's decision to supply long range missiles to Ukraine in its war with Russia is clearly a move toward an escalation of the conflict. The missiles, capable of hitting targets as far away as 190 miles, are a new...
AGRANI BANK HOLDS VIEW-EXCHANGE MEETING IN RAJSHAHI Agrani Bank PLC held a view-exchange meeting on 'Uddipta Jatra', a 58-day special campaign aimed at boosting loan recovery activities, at a convention hall in Rajshahi on Wednesday. The bank's Chief Executive Officer...
Trust Bank and Tropical Homes sign deal An agreement has been signed between Trust Bank PLC and Tropical Homes Limited to initiate Home Loan for customers of both parties. Md. Mahboob Hossain, SEVP of Business Division of Trust Bank, and...
Md Jashim Uddin Md Jashim Uddin, a reputed banker, has joined Bangladesh Development Bank PLC as Managing Director and CEO on Wednesday, says a statement. The Financial Institutions Division of the Ministry of Finance has recently appointed him. Prior...
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