JUBAIR HASAN | 2024-10-08 00:00:00
The Bangladesh Bank (BB) is likely to allow cash support against repo facility once a week instead of two days in a move to prompt banks manage funds more efficiently, according to central bankers.As part of the plan, the BB...
FE REPORT | 2024-10-08 00:00:00
Interim government's economic policy body, in a major development push, decides to build the long-stalled Matarbari deep-sea port and prefers Japan as the builder rather than China or India for quality works and for some geopolitical issues.Planning Adviser Professor Wahiduddin...
MANILA/SEOUL, Oct 7 (Reuters): Samsung Electronics is not interested in spinning off its contract chip manufacturing business as well as its logic chip designing operation, its chairperson Jay Y. Lee told Reuters on Monday.Analysts say the two businesses are incurring...
BEIJING, Oct 7 (AFP): Top Chinese economic policymakers are expected to flesh out a raft of growth-boosting policies on Tuesday, after the announcement of long-awaited stimulus measures last month sparked a blistering stock market rally.Beijing has struggled to kickstart the...
BRUSSELS, Oct 07 (Reuters): German Chancellor Olaf Scholz's rejection of EU tariffs on Chinese electric vehicles failed to stop fellow European Union members voting in favour, exposing how a divided Berlin is struggling to drive EU policy.Germany was one of...
TOKYO, Oct 07 (Reuters): Japan's Nissan Motor said on Monday it would invest an undisclosed amount in ChargeScape and roll out the battery charging technology company's services to its electric-vehicle drivers across the United States and Canada.After the transaction, Nissan...
The 117th audit committee meeting of Shari'ah-based Standard Bank PLC was held at its Head Office in Dhaka on Monday. Chairman of the committee Golam Hafiz Ahmed presided over the meeting. Members of the committee Ashok Kumar Saha and SAM...
Sonali Bank PLC opened its 'Uttara Janapath Branch' at Uttara in Dhaka with the promise of smart and digital banking services on Monday. Deputy Managing Director of the bank Subhash Chandra Das inaugurated the branch. Md Arshad Hossain, General Manager...
Hasan Tarek has been appointed as the Chief Executive Officer of Eastern Insurance Company Ltd, with effect from October 1. On behalf of the Board of Directors and Eastern Insurance family, Chairman of the company ASM Waheeduzzaman congratulated the new...
City Insurance PLC was awarded the prestigious ICSB Gold Award for Corporate Governance Excellence in 'Non-life Insurance' category for the second consecutive year. Director Faizah Mehmood, along with Managing Director & CEO Md. Shamim Hossain, CFO Sheikh Azizul Haque, and...
Mercantile Bank and Xpress Money Services Ltd recently launched remittance services. Md. Quamrul Islam Chowdhury, managing director of the bank and Nur E Ferdaushi, Bangladesh country head, Xpress Money Services Ltd jointly inaugurated the event. This service will facilitate Bangladeshi...
Dhaka Bank and Green Delta Insurance launched the country's first dual insurance co-branded mastercard Credit Card with life and non-life insurance benefit for the customers and employees of Green Delta Insurance. The co-branded credit card was unveiled at a ceremony...
FRANKFURT, Oct 07 (Reuters): The European Central Bank will probably cut interest rates on Oct 17 as economic growth is weak and this raises the risk that inflation will undershoot its 2 per cent target, French Central Bank Chief Francois...
The British Standards Institution has organised a five-day 'Lead Auditor Training Course on ISO 14001:2015 (Environmental Management Systems)', which began at a hotel in Dhaka on Monday.This course is being held under the Standards Partnership Initiative, funded by the Foreign,...
BENGALURU, Oct 07 (Reuters): The Adani Group is in talks to buy the Indian cement operations of Germany's Heidelberg Materials in a deal that could be worth about $1.2 billion, the Economic Times newspaper said on Monday, citing people familiar...
MOHAMMAD MUFAZZAL | 2024-10-08 00:00:00
Emerald Oil Industries experienced an astounding 508 per cent stock price hike in the five months to July 12 last year, which, according to the Dhaka bourse, was the outcome of purposeful price sensitive information.On several occasions, the information did...
FE REPORT | 2024-10-08 00:00:00
A task force has been formed with university professors, chartered accountants, and professionals to identify reasons as to why the equity market is insignificant in size compared to the country's gross domestic product. They will recommend ways to expand the...
LUXEMBOURG, Oct 07 (AFP): France's new finance minister Antoine Armand on Monday will strive to convince his EU counterparts that Paris is serious about reining in its ballooning deficit and complying with the bloc's budget rules.The new minister will present...
FRANKFURT, Oct 07 (AFP): German industrial orders fell more than expected in August, official data showed Monday, adding to fears that Europe's largest economy will end the year in recession.New orders, closely watched as an indicator of future business activity,...
MUMBAI, Oct 07 (Reuters): India's central bank has asked state-run and private lenders to refrain from betting heavily against the rupee in an effort to support the currency which has been teetering near record-low levels for the past three trading...
COLOMBO, Oct 07 (AFP): Sri Lanka said on Monday it had secured a new $200 million World Bank loan to bolster economic recovery, the first foreign funding since leftist President Anura Kumara Dissanayake won elections.Dissanayake, a self-avowed Marxist, took power...
LONDON, Oct 7 (Reuters): BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm's energy transition strategy to regain investor confidence, three sources with knowledge of the matter said.When...
A meeting of the Board of Directors of First Security Islami Bank was held at the board room of FSIB Head Office in Dhaka on Sunday, with Mohammad Abdul Mannan, Chairman of the Board, in the chair. The Board expressed...
Al-Arafah Islami Bank (AIB) PLC opened the 226th branch at Habiganj on Monday. Managing Director and CEO of the bank Farman R. Chowdhury inaugurated the new branch as the chief guest. Deputy Managing Director Md. Aminul Islam Bhuiyan gave a...
Standard Chartered Bangladesh has recently signed a Memorandum of Understanding (MoU) with DBL Lifestyles, franchise partner of Adidas, Nike, Puma and Levis. Only Standard Chartered Cardholders using VISA Signature credit, Platinum credit and Priority Banking debit cards can now enjoy...
REZAUL KARIM | 2024-10-08 00:00:00
Dhaka and Tokyo are expected to start second-round negotiations on November 10 to pen the Economic Partnership Agreement (EPA) between Bangladesh and Japan in principle to boost bilateral trade.A wide range of areas, including trade in goods and services, e-commerce,...
PARIS, Oct 07 (Reuters): France captain Kylian Mbappe is facing criticism in his home country for skipping Les Bleus' Nations League games against Israel and Belgium while being available to play for Real Madrid.The forward picked up a muscle injury...
Players of Bangladesh women's cricket team attend a practice session at ICC Academy in Dubai, ahead of their Women's T20 World Cup match against West Indies on October 10 (Thursday) — BCB
MADRID, Oct 07 (AP): Robert Lewandowski continued his impressive start to the season on Sunday, scoring a hat trick in a 25-minute span as Barcelona beat Alaves 3-0 and went into the international break top of the Spanish league.Lewandowski scored...
Pakistan Cricket Board (PCB) chairman Mohsin Naqvi is confident that the Champions Trophy 2025 will be held in Pakistan and all teams, including India, will participate in the tournament, according to ESPNcricinfo.The Champions Trophy is scheduled to start on February...
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