Prime Bank recently signed a payroll agreement with Jalalabad Metal at the bank's corporate office. Under the agreement, employees of Jalalabad Metal will enjoy preferential banking services including credit card and loan facilities from the bank. They will also enjoy...
Shahjalal Islami Bank was given three prestigious awards from South Asian Federation of Accountants (SAFA). SAFA awarded the bank first prize (gold award) in the 'SAARC Anniversary Award in corporate governance category, second prize (silver award) in the 'Private Sector...
FE REPORT | 2024-11-15 00:00:00
Union Bank's overall performance has been steadily improving after the Bangladesh Bank (BB) restructured its board in August this year.The central bank on August 27 formed a five-member board of directors to operate the bank, with former Islami Bank's managing...
The government has asked the private sector to import 327,000 tonnes of rice within one month, aiming to further regulate the price of the staple food in the retail market, reports BSS.A total of 59 rice importers have already received...
Fisheries and Livestock Adviser Farida Akhter has laid emphasis on research to conserve the indigenous breeds. "Many of the indigenous breeds are now on the verge of extinction, and that is why attention should be given to prevent those from...
FE REPORT | 2024-11-15 00:00:00
Square Pharmaceuticals has experienced a marginal year-on-year decline in revenue in July-September (Q1), FY25 as sales dropped amid political unrest and floods during the period.The company's revenue fell 0.34 per cent year-on-year to Tk 17.75 billion in Q1, FY25.Still, Square...
FE REPORT | 2024-11-15 00:00:00
United Power Generation & Distribution Company posted an impressive 127 per cent year-on-year growth in profit to Tk 4.19 billion in the first quarter through September of FY25, driven by bulk power tariff hike and stable foreign exchange rates.The power...
BERLIN, Nov 14 (AFP): German industrial giant Siemens on Thursday posted a record net profit in the last fiscal year, but warned that global tariff conflicts could weigh on business in the coming 12 months.Siemens netted nine billion euros ($9.5...
US farmers struggling with slumping incomes and depressed grain prices have been switching to cheaper generic pesticides and fungicides as they plan for spring planting next year, which market analysts said could hit the bottom lines of agrichemical companies like...
Social Islami Bank held its 521st Board meeting at the bank's head office in Dhaka on Thursday. Chairman of the bank Dr M Sadiqul Islam presided over the meeting. Vice Chairman Maksuda Begum, and Directors Md Morshed Alam Khondoker and...
First Security Islami Bank PLC inaugurated Bakila Bazar Sub-Branch in Chandpur on Wednesday. Md. Abdus Salam, EVP and Head of General Services Division of the bank, inaugurated the Sub-Branch as the chief guest. Shamsul Karim Mazumder, Head of Cumilla Zone,...
Islami Bank Bangladesh PLC achieved Visa Payment Excellence Awards-2024 in three categories. The bank won the awards in 'Excellence in Consumer Cards-Debit', 'Excellence in Islamic Banking Cards' and 'Excellence in E-Commerce Payments' categories. Md Maznuzzaman, Mohammad Rezaul Karim and Md...
M Khorshed Anowar, DMD and Head of Retail and SME Banking, Eastern Bank PLC. (EBL), formally inaugurates a sub-branch of the bank at Lake Drive Road at Sector 7 of Uttara in the city on Thursday. EBL Branch Area Head-Dhaka...
The 128th meeting of the Executive Committee of Modhumoti Bank PLC was held at the bank's Head Office in Dhaka on Thursday. The meeting was presided over by EC Chairman Salahuddin Alamgir. Among others, Mohammad Ismail Hossain, Nemai Kumar Saha,...
Midland Bank has implemented a cutting-edge ATM & POS Reconciliation System in partnership with Flora Systems, based in Dhaka, and Thinkprise Solutions Pvt. Ltd., headquartered in Chennai, Tamil Nadu, India. This new system will streamline the bank's daily transaction reconciliation...
United Power Generation and Distribution Company Limited (UPGDCL), a concern of United Group, has been awarded the SAFA Best Presented Annual Report Award 2023 in the Power and Energy category, a prestigious recognition from the South Asian Federation of Accountants...
Pragati Life Insurance Limited has successfully settled Tk 3,052 million in claims over the first nine months of 2024, from January to September, marking an 11.73 per cent increase compared to the same period last year. The company processed a...
FE REPORT | 2024-11-15 00:00:00
The Bangladesh Trade and Tariff Commission (BTTC) has recommended that the revenue authorities reduce import duties and taxes on dates to ensure a sufficient supply ahead of the upcoming fasting month of Ramadan.In a recent letter to the National Board...
MONIRA MUNNI | 2024-11-15 00:00:00
The Minimum Wage Board has sought the authority to enforce its wage recommendations through mobile courts in the country's industrial sectors.In a proposal submitted to the labour and employment ministry on November 6, the board called for incorporating new provisions...
Ana Bogdan of Team Romania returns a shot to Nao Hibino of Team Japan at the Billie Jean King Cup finals during the Japan vs Romania singles match at the Palacio de Deportes Jose Maria Martin Carpena in Malaga, Spain,...
Bangladesh Ansar won double crowns in both men's and women's section of 36th National Senior Men's and 10th National Women's Wrestling competition that concluded on Thursday at the National Handball Stadium in the capital, reports BSS.In the men's section, Ansar...
Sports Bangla FIDE Rapid Rating Chess tournament begins from today (Friday) in the sports room of Bangladesh Chess Federation in the city, reports BSS.The players, who are interested to take part in this chess competition, have been asked to submit...
BRISBANE, Nov 14 (AFP): Veteran batter Glenn Maxwell returned to form before quicks Xavier Bartlett and Nathan Ellis claimed three wickets apiece as Australia downed Pakistan by 29 runs in a truncated T20I series-opener in Brisbane on Thursday.The match was...
Rangpur Riders assistant coach Mohammad Ashraful believes his team is capable of playing the final of the ExxonMobil Guyana Global Super League (GSL) T20, which will take place at the Guyana National Stadium in Providence, West Indies, reports BSS."Our first...
BEIJING, Nov 14 (Reuters): China's state-owned CHN Energy has begun power generation at a 1 gigawatt (GW) offshore floating solar park, according to a statement on the company's website on Wednesday.Developed by subsidiary Guohua Energy Investment Co, the park is...
Gold prices fell over 1 per cent on Thursday, hitting a two-month low, pressured by a strong US dollar, while investors awaited US economic data later in the day for further clues on the Federal Reserve's monetary path, reports Reuters.Spot...
PARIS/CANBERRA, Nov 14 (Reuters): Chicago wheat futures fell for a fourth day on Thursday to trade near a 2-1/2-month low as the US dollar'scontinuing rally weighed on export sentiment, while improving crop prospects in some major producing countries added supply...
LONDON, Nov 14 (Reuters): Arabica coffee futures on ICE hit their highest in 13 and a half years on Thursday as investors reassessed their view on next year's crop in top producer Brazil, and grew increasingly concerned about top robusta...
LONDON, Nov 14 (Reuters) - Global oil supply will exceed demand in 2025 even if OPEC+ cuts remain in place, the International Energy Agency (IEA) said on Thursday, as rising production from the United States and other outside producers outpaces...
Refrigerator blasts leave 7 injured in SylhetSYLHET, Nov 14: Seven people were injured, including one with burns, after two refrigerators exploded at a roadside shop in Sylhet city, said police on Thursday. The blasts occurred in Sheikhghat area at around...
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